Beauty salon

Propel Reports Record Results for Q4 and Fiscal Year 2023

Retrieved on:

Tuesday, March 12, 2024

Automation, Fora, Comparable, The Company, Growth, Record, TSX, Marketing, Beauty salon

TORONTO, March 12, 2024 /CNW/ - Propel Holdings Inc. ("Propel" or the "Company") (TSX: PRL), the fintech facilitating access to credit for underserved consumers, today reported another set of record financial results for the three months ("Q4 2023") and fiscal year ended December 31, 2023.

Key Points:

TORONTO, March 12, 2024 /CNW/ - Propel Holdings Inc. ("Propel" or the "Company") (TSX: PRL), the fintech facilitating access to credit for underserved consumers, today reported another set of record financial results for the three months ("Q4 2023") and fiscal year ended December 31, 2023.
Financial and Operational Highlights for Q4 and Fiscal Year 2023 (Shown in U.S.
Dollars)
Comparable metrics relative to Q4 2022 and Fiscal Year 2022, respectively
Revenue: increased by 54% to $96.0 million in Q4 2023, and increased by 40% to $316.5 million for fiscal 2023, representing record performance for both periods
Adjusted EBITDA1: increased by 62% to $22.4 million in Q4 2023, and increased by 87% to $76.3 million for fiscal 2023, representing record performance for both periods
Net Income: increased by 68% to $8.5 million in Q4 2023, and increased by 84% to $27.8 million for fiscal 2023, representing record performance for both periods
Adjusted Net Income1: increased by 62% to $10.8 million in Q4 2023, and increased by 77% to $36.1 million for fiscal 2023, representing record performance for both periods
Diluted EPS2: increased by 65% to $0.23 (C$0.31) in Q4 2023, and increased by 78% to $0.76 (C$1.02) for fiscal 2023, representing record performance for both periods
Adjusted Diluted EPS1,2: increased by 59% to $0.29 (C$0.40) in Q4 2023, and increased by 72% to $0.98 (C$1.32) for fiscal 2023, representing record performance for both periods
Return on Equity3: increased on an annualized basis to 35% in Q4 2023 compared to 25% in Q4 2022, and increased to 30% for fiscal 2023 compared to 19% for fiscal 2022
Adjusted Return on Equity1: increased on an annualized basis to 44% in Q4 2023 compared to 33% in Q4 2022, and increased to 40% for fiscal 2023 compared to 26% for fiscal 2022
Loans and Advances Receivable: increased by 33% in Q4 2023 to $259.3 million, a record ending balance
Ending Combined Loan and Advance Balances1: increased by 36% in Q4 2023 to $337.3 million, a record ending balance
Dividend: paid a Q4 2023 dividend of C$0.105 per common share on December 5, 2023, representing an 11% increase to our Q4 2022 dividend and a 2.5% dividend yield against Propel's closing share price on March 12, 2024
"We are proud to end 2023 with another year of significant growth in both revenue and profitability and another quarter and year of record results including Revenue, Net Income, Adjusted Net Income1, Adjusted EBITDA1, Total Originations Funded1 and Ending CLAB1.
Growth of the core business including Bank Programs led to record Total Originations Funded1, ending CLAB1 and revenue
Total Originations Funded1 increased by 19% to a record of $120.7 million in Q4 2023 vs. Q4 2022 and increased by 7% to a record of $412.6 million for fiscal year 2023 vs. fiscal year 2022, resulting in Ending CLAB1 growing year-over-year by 36% to a record of $337.3 million
In addition, Annualized Revenue Yield1 increased to 121% in Q4 2023 from 110% in Q4 2022.

EQS-News: Preliminary results: Vitesco Technologies looks back on a successful 2023

Retrieved on:

Wednesday, March 13, 2024

Total, Vitesco Technologies, Growth, Conference, Public expenditure, Annual, Software, Beauty salon

Vitesco Technologies, a leading international provider of modern drive technologies and electrification solutions for sustainable mobility, is today publishing its preliminary results for fiscal year 2023.

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Vitesco Technologies, a leading international provider of modern drive technologies and electrification solutions for sustainable mobility, is today publishing its preliminary results for fiscal year 2023.
Vitesco Technologies’ core business achieved organic growth of 12.2 percent, compared to the general growth in automotive production of 9.4 percent.
Vitesco Technologies generated sales of around €1.3 billion from electrification components in 2023 (2022: €1.1 billion).
With an equity ratio of 37.6 percent as of December 31, 2023 (December 31, 2022: 40.3 percent), Vitesco Technologies’ balance sheet remains exceptionally solid.

EQS-News: Befesa delivered €182m adjusted EBITDA despite a persistently challenging year 2023

Retrieved on:

Wednesday, March 13, 2024

EV, Zinc, LTIR, Growth, ESG, LME, Hazardous waste, Steel Dust, Health, Safety, Steel, AGM, Policy, Electricity, EPS, EAF, TC, Beauty salon

The recycled volumes of aluminium salt slags increased by 12% to 361 kt in 2023, with an average capacity utilisation of around 77%.

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The recycled volumes of aluminium salt slags increased by 12% to 361 kt in 2023, with an average capacity utilisation of around 77%.
On base metal prices, zinc LME prices were persistently low compared to the prior year and averaged €2,450 per tonne in 2023 (-26% yoy).
Further information on ESG at Befesa during 2023 will be provided in the Befesa ESG Report 2023, which will be published in June 2024.
Despite the current market challenges, Befesa recognises a significant growth opportunity in China and maintains a positive midterm outlook.

Hesai Group Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

Retrieved on:

Monday, March 11, 2024

EV, OEM, USD, Transport, Growth, Original equipment manufacturer, NOA, Great Wall Motor, Defense, MEGA, Stellantis, Chinese New Year, CES, SOP, Accident, Robotics, Beauty salon

SHANGHAI, China, March 11, 2024 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”), (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months and full year ended December 31, 2023.

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Q4 2023 Total lidar shipments were 87,736 units, representing an increase of 84.6% from 47,515 units in the corresponding period of 2022.
“2023 was another record year for Hesai as we continued to substantially outperform our lidar peers and extend our leading market share.
We delivered stellar full-year financial and operational results, including robust revenue growth, soaring shipments and solid blended gross margin, all surpassing our prior expectations.
We expect the third and fourth quarters orders to jump even further to about 200,000 units per quarter, a 4x increase from our expected first quarter shipments.

Rapid Micro Biosystems Reports Fourth Quarter and Full Year 2023 Financial Results and Provides 2024 Guidance

Retrieved on:

Friday, March 1, 2024

Total, Investment, EST, Growth, Microbiology, Samsung Biologics, Automation, Beauty salon

LOWELL, Mass., March 01, 2024 (GLOBE NEWSWIRE) -- Rapid Micro Biosystems, Inc. (Nasdaq: RPID) (the “Company”), an innovative life sciences technology company providing mission critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products, today announced its financial results for the fourth quarter and full year ended December 31, 2023.

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Strong fourth quarter 2023 revenue growth of 45% compared to the fourth quarter of 2022.
Total cost of revenue was $6.5 million in the fourth quarter of 2023, compared to $7.0 million in the fourth quarter of 2022.
Total operating expenses decreased 18% to $12.0 million in the fourth quarter of 2023, compared to $14.7 million in the fourth quarter of 2022.
Net loss for the fourth quarter of 2023 was $11.2 million, compared to $16.4 million in the fourth quarter of 2022.

Worldwide Ethernet Switch Market Delivered Robust Growth in 2023 While the Router Market Saw a Slight Decline, According to IDC Trackers

Retrieved on:

Friday, March 8, 2024

These results were recently published in the International Data Corporation ( IDC ) Worldwide Quarterly Ethernet Switch Tracker and the Worldwide Quarterly Router Tracker .

Key Points:

These results were recently published in the International Data Corporation ( IDC ) Worldwide Quarterly Ethernet Switch Tracker and the Worldwide Quarterly Router Tracker .
There were varying trends across the datacenter and non-datacenter portions of the Ethernet switch market.
The non-datacenter (non-DC) segment of the Ethernet switch market grew 25.2% year over year in 2023, but declined 1.9% in 4Q23.
From a geographic perspective, the total Ethernet switch market in the United States saw growth of 28.8% for the full year 2023 and 3.8% in 4Q23.

POLL: 97% of Professionals Expect Diverse Beauty School Education to Become Nationwide Requirement

Retrieved on:

Tuesday, March 5, 2024

Fashion, Cosmetics, Retail, Technology, Software, Vagaro, Skin, Curriculum, Education, Beauty, Beauty salon

A recent poll of hairstylists and estheticians, conducted by Vagaro, the leading salon and spa software, shows that 97% of professionals believe diverse education in hair, skin, and beauty will become a standard nationwide requirement.

Key Points:

A recent poll of hairstylists and estheticians, conducted by Vagaro, the leading salon and spa software, shows that 97% of professionals believe diverse education in hair, skin, and beauty will become a standard nationwide requirement.
This reflects the gap many beauty consumers have experienced when visiting salons only to discover they do not or cannot provide proper services to care for their natural, textured hair.
When polling spa professionals, 77% of estheticians said their professional training included curriculum covering how to care for a diverse range of skin tones and types.
While cosmetology licensing requirements are set at the state level, only 19 states currently require any formal training in natural hair styling, according to CrownActLaw.com.

Sally Hansen® Partners With HERSHEY’S KISSES Brand for an Indulgent New Nail Collection Almost Good Enough to Eat

Retrieved on:

Monday, March 4, 2024

Cosmetics, Retail, Other Retail, Food, Beverage, Collection, COTY, Coty Inc., Sally, Creativity, Happiness, Inc., Nail, Partnership, Beauty salon

The NEW Sally Hansen® x HERSHEY’S KISSES Limited-Edition collection will give you a perfectly sweet manicure, just in time for Easter!

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The NEW Sally Hansen® x HERSHEY’S KISSES Limited-Edition collection will give you a perfectly sweet manicure, just in time for Easter!
The Sally Hansen® x HERSHEY’S KISSES Insta-Dri® polishes include 8 metallic and crème shades reminiscent of the various HERSHEY’S KISSES wrapper colors, perfect to wear during the Spring season.
The Sally Hansen® x HERSHEY’S KISSES collection comes at the perfect time to bring our customers new products that encourage fun, indulgence, and creativity.
The Sally Hansen® x HERSHEY’S KISSES collection will be available March 2024, in drugstore, food, and e-commerce retailers nationwide.

Boulevard Education Manager Jozlyn Miller Named Mainstage Presenter at the Data-Driven Salon Summit 2024

Retrieved on:

Wednesday, February 28, 2024

Boulevard ( www.joinblvd.com ), provider of the client experience platform purpose-built for appointment-based, self-care businesses, today announced that Jozlyn Miller, the company’s senior education manager, has been named a mainstage presenter at the Data-Driven Salon Summit 2024 .

Key Points:

Boulevard ( www.joinblvd.com ), provider of the client experience platform purpose-built for appointment-based, self-care businesses, today announced that Jozlyn Miller, the company’s senior education manager, has been named a mainstage presenter at the Data-Driven Salon Summit 2024 .
“Education is essential to the continued growth and success of the salon industry, and there’s no better educational experience out there right now than the Data-Driven Salon Summit.
Produced by SALON TODAY, the 2024 summit will specifically focus on key power metrics including average ticket, productivity, client retention , client count, and percentage of service guests purchasing retail.
“We are excited to welcome Jozlyn back to the Data-Driven stage for another engaging presentation,” says Stacey Soble, director of brand content strategy for SALON TODAY.

Global Self Tanning Products Market Trends Report 2024 with Forecasts to 2029: Rising Popularity of Organic, Natural, and Vegan-based Products and Increasing Focus on Men's Self-tanning Products - ResearchAndMarkets.com

Retrieved on:

Wednesday, February 28, 2024

As an alternative to traditional tanning methods, self-tanning products have gained popularity for providing a convenient and safer way to achieve a bronzed complexion.

Key Points:

As an alternative to traditional tanning methods, self-tanning products have gained popularity for providing a convenient and safer way to achieve a bronzed complexion.
The report provides the bifurcation of the market into three segments based on the product type: Lotions, Gels, and Others.
The report provides the glimpse of the self tanning products market based on the following category: Conventional and Natural & Organic.
The global self tanning products market is fragmented, with a diverse range of products offered by numerous brands catering to different consumer preferences, skin types, and desired outcomes.