Generally Accepted Accounting Principles

Conformis Reports Second Quarter 2021 Financial Results

Retrieved on:

Wednesday, August 4, 2021

Accounting, Financial services, Accounting standards, Business economics, GAAP, Generally Accepted Accounting Principles, Generally Accepted Accounting Practice, BAS, United States Generally Accepted Accounting Principles

Conformis Hip System revenue of $0.9 million for the second quarter of 2021 was up 62% year-over-year and increased 38% from the first quarter of 2021.

Key Points:

Conformis Hip System revenue of $0.9 million for the second quarter of 2021 was up 62% year-over-year and increased 38% from the first quarter of 2021.
Product Revenue compared to the second quarter of 2019 was down 21%, a sequential improvement from the 33% decline in the first quarter.
Total gross profit increased $36.5 million to $47.5 million, or 84% of revenue, in the second quarter of 2021, compared to $11.0 million, or 57% of revenue, in the second quarter of 2020.
In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), the Company provides certain information regarding the Company's financial results or projected financial results on a non-GAAP "constant currency basis."

FCPT Announces Second Quarter 2021 Financial and Operating Results

Retrieved on:

Wednesday, August 4, 2021

REIT, Restaurant, Bar, Retail, Commercial Building & Real Estate, Construction & Property, GAAP, Generally Accepted Accounting Principles, New York Stock Exchange

Four Corners Property Trust, Inc. (FCPT or the Company) (NYSE: FCPT) today announced financial results for the three months and six months ended June 30, 2021.

Key Points:

Four Corners Property Trust, Inc. (FCPT or the Company) (NYSE: FCPT) today announced financial results for the three months and six months ended June 30, 2021.
AFFO per diluted share for the second quarter was $0.38, representing a $0.04 per share increase compared to the same quarter in 2020.
FCPT declared a dividend of $0.3175 per common share for the second quarter of 2021.
Notice Regarding Non-GAAP Financial Measures:
In addition to U.S. GAAP financial measures, this press release and the referenced supplemental financial and operating report contain and may refer to certain non-GAAP financial measures.

Option Care Health Announces Financial Results for the Second Quarter Ended June 30, 2021

Retrieved on:

Tuesday, August 3, 2021

Finance, Money, Fundamental analysis, Economy, Earnings before interest, taxes, depreciation and amortization, Private equity, Profit, Generally Accepted Accounting Principles, Accounting, GAAP, Generally Accepted Accounting Practice, Forward-looking statement

Our actual results and financial condition may differ materially from those indicated in the forward-looking statements.

Key Points:

Our actual results and financial condition may differ materially from those indicated in the forward-looking statements.
In addition to reporting financial information in accordance with generally accepted accounting principles (GAAP), the Company is also reporting Adjusted EBITDA, which is a non-GAAP financial measure.
Management believes that Adjusted EBITDA provides useful supplemental information regarding the performance of Option Care Healths business operations and facilitates comparisons to the Companys historical operating results.
For a full reconciliation of Adjusted EBITDA to the most comparable GAAP financial measure, please see the attachment to this earnings release.

Gartner Reports Second Quarter 2021 Financial Results

Retrieved on:

Tuesday, August 3, 2021

Technology, Data management, Other Technology, Accounting, GAAP, Generally Accepted Accounting Principles, Generally Accepted Accounting Practice, Financial services, Business, Accounting standards, United States Generally Accepted Accounting Principles, Available for sale, Governmental Accounting Standards Board

Certain financial metrics contained in this Press Release are considered non-GAAP financial measures.

Key Points:

Certain financial metrics contained in this Press Release are considered non-GAAP financial measures.
Definitions of these non-GAAP financial measures are included in this Press Release under Non-GAAP Financial Measures and the related reconciliations are under Supplemental Information Non-GAAP Reconciliations.
Gartner, Inc. (NYSE: IT) is the worlds leading research and advisory company and a member of the S&P 500.
Certain financial measures used in this Press Release are not defined by U.S. generally accepted accounting principles (GAAP) and as such are considered non-GAAP financial measures.

MUFG Bank, Ltd. Announces Consolidated Summary Report of Mitsubishi UFJ Financial Group, Inc. Under Japanese GAAP for the Three Months Ended June 30, 2021

Retrieved on:

Monday, August 2, 2021

Banking, Professional services, Finance, Mitsubishi companies, Companies, Mitsubishi UFJ Financial Group, Economy of Japan, MUFG Bank, UFJ, GAAP, Financial statement, Generally Accepted Accounting Principles, Accounting, Mitsubishi, Mitsubishi UFJ Securities International

The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (Japanese GAAP).

Key Points:

The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (Japanese GAAP).
To date, we have published U.S. GAAP financial results only on a semiannual and annual basis, and currently do not expect to publish U.S. GAAP financial results for the period reported in this financial summary report.
Above is part of the Consolidated Summary Report of Mitsubishi UFJ Financial Group, Inc. under Japanese GAAP for the three months ended June 30, 2021.
Mitsubishi UFJ Financial Group (MUFG) makes available financial reports and highlights of MUFG group companies including those of MUFG Bank, Ltd.

ICICI Bank Limited Files Annual Report in Form 20-F

Retrieved on:

Friday, July 30, 2021

Banking, Professional services, Finance, SEC filings, BSE SENSEX, Banking in India, ICICI Bank, NIFTY 50, Mumbai, Finance, Financial statements, Corporate finance, Generally Accepted Accounting Principles, Form 20-F, Icici

ICICI Bank Limited (NYSE: IBN) filed its annual report in Form 20-F for the year ended March 31, 2021 (FY2021) on July 30, 2021, as required by United States securities regulations.

Key Points:

ICICI Bank Limited (NYSE: IBN) filed its annual report in Form 20-F for the year ended March 31, 2021 (FY2021) on July 30, 2021, as required by United States securities regulations.
The Form 20-F annual report includes the Banks consolidated financial statements under Indian GAAP and a reconciliation of consolidated profit after tax and net worth under Indian GAAP to net income and stockholders equity under U.S. GAAP, approved by the Audit Committee of the Board.
Copies of the Form 20-F are available from the United States Securities and Exchange Commission (SEC) website www.sec.gov or via a direct link to the SEC website at "About Us/Investor Relations/SEC Filings" page of ICICI Bank's website:
Shareholders may obtain a copy of the complete audited financial statements free of charge by writing to Company Secretary, ICICI Bank Limited, ICICI Bank Towers, Bandra Kurla Complex, Mumbai 400051 or sending an e-mail to [email protected] , with details of their shareholding and mailing address.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210730005586/en/

Spire Global, Inc. Announces Preliminary First Half 2021 Selected Financial Results, Provides Updated Guidance for 2021

Retrieved on:

Thursday, July 29, 2021

The selected, estimated preliminary financial results set forth are unaudited and should be considered preliminary and subject to change.

Key Points:

The selected, estimated preliminary financial results set forth are unaudited and should be considered preliminary and subject to change.
Accordingly, you should not place undue reliance on this preliminary data, which may differ materially from the final results.
These preliminary results should not be viewed as a substitute for Spires full financial statements for the six months ended June 30, 2021 prepared in accordance with U.S. generally accepted accounting principles (GAAP).
This preliminary financial data included in this announcement has been prepared by, and is the responsibility of, Spire's management.

GigaMedia Announces Second-Quarter 2021 Financial Results

Retrieved on:

Friday, July 30, 2021

Financial statements, Generally Accepted Accounting Principles, U.S. Securities and Exchange Commission, Cash and cash equivalents, Money, Economy, Business

Net lossin the second quarter of 2021 was $0.84 million, decreased from a net loss of $0.87 million in the first quarter.

Key Points:

Net lossin the second quarter of 2021 was $0.84 million, decreased from a net loss of $0.87 million in the first quarter.
GigaMedia maintained its solid financial position, with cash, cash equivalents and restricted cash amounted to $43.7 million, or $3.95 per share, as of June 30, 2021.
Reconciliations to the GAAP equivalents of the non-GAAP financial measures are provided on the attached unaudited financial statements.
The financial statements from which the financial results reported in this press release are derived have been prepared in accordance with U.S. GAAP, unless otherwise noted as "non-GAAP," and are presented in U.S. dollars.

Ethan Allen Provides Business Updates and Announces Earnings Release Date for its Fiscal 2021 Fourth Quarter and Full Fiscal Year

Retrieved on:

Thursday, July 22, 2021

Communication, Forward-looking statement, Articles, Auditing, Financial statements, Business, Auditor's report, Economy, Generally Accepted Accounting Principles

The Company uses this non-GAAP financial measure for financial and operational decision making and to evaluate period-to-period comparisons.

Key Points:

The Company uses this non-GAAP financial measure for financial and operational decision making and to evaluate period-to-period comparisons.
These forward-looking statements are subject to management decisions and various assumptions about future events and are not guarantees of future performance.
These forward-looking statements speak only as of the date of this news release.
Accordingly, actual circumstances and results could differ materially from those contemplated by the forward-looking statements.

Via Appoints Former Goldman Sachs Chief Accounting Officer to Board of Directors

Retrieved on:

Wednesday, July 21, 2021

Accounting, Accounting standards, Financial services, Business, Financial Accounting Foundation, Financial Accounting Standards Board, GASB, Governmental Accounting Standards Board, Governmental accounting, Generally Accepted Accounting Principles, Teresa S. Polley

NEW YORK, July 21, 2021 /PRNewswire/ -- Via, the global leader in TransitTech, today announces that Sarah Smith has been appointed as an independent member of its board of directors to chair the Audit Committee. Smith is a former member of the Management Committee of Goldman Sachs where she served as Chief Accounting Officer, Controller, and Chief Compliance Officer. She also serves as a member of the Board of Trustees of the Financial Accounting Foundation, the parent organization of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB), and previously served on the US Treasury Department's Advisory Committee on the Auditing Industry. Smith is a Fellow of the Institute of Chartered Accountants in England and Wales.

Key Points:

Smith is a former member of the Management Committee of Goldman Sachs where she served as Chief Accounting Officer, Controller, and Chief Compliance Officer.
She also serves as a member of the Board of Trustees of the Financial Accounting Foundation, the parent organization of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB), and previously served on the US Treasury Department's Advisory Committee on the Auditing Industry.
"We are absolutely thrilled to welcome Sarah to our Board," said co-founder and CEO Daniel Ramot.
"I'm delighted to join the board of a company that has built transformative technology and has such an incredible mission.