Marginal cost

Oblong Announces Financial Results for Second Quarter 2022

Retrieved on: 
Tuesday, August 9, 2022

Oblong, Inc. (Nasdaq: OBLG) (Oblong or the Company), the award-winning maker of multi-stream collaboration solutions, today reported financial results for the second quarter ending June 30, 2022.

Key Points: 
  • Oblong, Inc. (Nasdaq: OBLG) (Oblong or the Company), the award-winning maker of multi-stream collaboration solutions, today reported financial results for the second quarter ending June 30, 2022.
  • Total revenue was $1.3 million for the second quarter of 2022 versus $2.0 million for the second quarter of 2021.
  • Net loss of $9.0 million for the second quarter of 2022, compared to a net loss of $2.2 million for the second quarter of 2021.
  • Adjusted EBITDA (AEBITDA) loss of $1.5 million for the second quarter of 2022, compared to an AEBITDA loss of $1.6 million for the second quarter of 2021.

Stereotaxis Reports 2022 Second Quarter Financial Results

Retrieved on: 
Tuesday, August 9, 2022

ST. LOUIS, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Stereotaxis (NYSE: STXS), a pioneer and global leader in surgical robotics for minimally invasive endovascular intervention, today reported financial results for the second quarter ended June 30, 2022.

Key Points: 
  • ST. LOUIS, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Stereotaxis (NYSE: STXS), a pioneer and global leader in surgical robotics for minimally invasive endovascular intervention, today reported financial results for the second quarter ended June 30, 2022.
  • Despite macro pressures and the poor optics of our financial results, Stereotaxis is making significant progress commercially and technologically, said David Fischel, Chairman and CEO.
  • Revenue for the second quarter of 2022 totaled $6.2 million, compared to $9.1 million in the prior year second quarter with the decrease primarily driven by lower revenue recognition of system sales in the current quarter.
  • Gross margin for the second quarter of 2022 was 76% of revenue, with system gross margin of 16% and recurring revenue gross margin of 83%.

POET Technologies Reports Second Quarter 2022 Financial Results

Retrieved on: 
Monday, August 8, 2022

TORONTO, Aug. 08, 2022 (GLOBE NEWSWIRE) -- POET Technologies Inc. (POET or the Company) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today reported its unaudited condensed consolidated financial results for the second quarter ended June 30, 2022.

Key Points: 
  • TORONTO, Aug. 08, 2022 (GLOBE NEWSWIRE) -- POET Technologies Inc. (POET or the Company) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today reported its unaudited condensed consolidated financial results for the second quarter ended June 30, 2022.
  • The Company had finance costs of $13,000 in the second quarter of 2022 compared to $95,000 in the second quarter of 2021 and $14,000 in the first quarter of 2022.
  • Non-cash impact of joint venture in the second quarter of 2022 was ($0.7) million compared to nil in the same period of 2021 and ($0.4) million in the first quarter of 2022.
  • Cash flow from operating activities in the second quarter of 2022 was ($3.3) million compared to ($2.7) million in the second quarter of 2021 and ($3.7) million in the first quarter of 2022.

Zovio Inc Reports Second Quarter 2022 Results

Retrieved on: 
Monday, August 1, 2022

CHANDLER, Ariz., Aug. 1, 2022 /PRNewswire/ --Zovio Inc (NASDAQ: ZVO), an education technology services company, today announced its results for the three and six months ended June30, 2022.

Key Points: 
  • CHANDLER, Ariz., Aug. 1, 2022 /PRNewswire/ --Zovio Inc (NASDAQ: ZVO), an education technology services company, today announced its results for the three and six months ended June30, 2022.
  • Financial Results for the Three Months Ended June30, 2022
    Revenue and other revenue for the three months ended June30, 2022 was $51.4 million, compared with revenue and other revenue of $69.2 million for the three months ended June30, 2021.
  • Operating loss for the three months ended June30, 2022 was $0.8 million, compared with operating loss of $4.5 million for the three months ended June30, 2021.
  • Net loss for the three months ended June30, 2022 was $4.7 million, compared with net loss of $4.0 million for the three months ended June30, 2021.

GSI Technology, Inc. Reports First Quarter Fiscal 2023 Results

Retrieved on: 
Thursday, July 28, 2022

In the first quarter of fiscal 2023, our gross profit increased by 12% on modest revenue growth compared to the first quarter of fiscal 2022.

Key Points: 
  • In the first quarter of fiscal 2023, our gross profit increased by 12% on modest revenue growth compared to the first quarter of fiscal 2022.
  • Gross margin in the first quarter of fiscal 2023 was 60.2%, compared to 54.4% in the prior year quarter and 58.6% in the preceding fourth quarter.
  • Total operating expenses in the first quarter of fiscal 2023 were $9.3 million, compared to $9.1 million in the first quarter of fiscal 2022 and $8.1 million in the prior quarter.
  • First quarter fiscal 2023 operating loss was $(3.9 million) compared to $(4.4 million) in the prior year period and $(2.9 million) in the prior quarter.

DallasNews Corporation Announces Second Quarter 2022 Financial Results

Retrieved on: 
Tuesday, July 26, 2022

For the second quarter of 2022, on a non-GAAP basis, DallasNews reported an operating loss adjusted for certain items (adjusted operating loss) of $1.0million, a $0.5million greater loss when compared to an adjusted operating loss of $0.6million reported for the second quarter of 2021.

Key Points: 
  • For the second quarter of 2022, on a non-GAAP basis, DallasNews reported an operating loss adjusted for certain items (adjusted operating loss) of $1.0million, a $0.5million greater loss when compared to an adjusted operating loss of $0.6million reported for the second quarter of 2021.
  • Total revenue was $37.6million in the second quarter of 2022, a decrease of $1.1million or 2.8percent when compared to the second quarter of 2021.
  • Circulation revenue was $16.3million in the second quarter of 2022, an increase of $0.2million when compared to the $16.1million reported for the second quarter of 2021.
  • Total consolidated operating expense in the second quarter of 2022, on a GAAP basis, was $39.9million, an improvement of $1.8million or 4.4percent compared to the second quarter of 2021.

mdf commerce reports Fourth Quarter and Full Year Fiscal 2022 Financial Results

Retrieved on: 
Thursday, June 30, 2022

MONTREAL, June 29, 2022 (GLOBE NEWSWIRE) -- mdf commerce inc. (the “Corporation”) (TSX:MDF), a SaaS leader in digital commerce technologies, reported Q4 FY2022 financial results for the three-month and fiscal 2022 full year ended March 31, 2022. Financial references are expressed in Canadian dollars unless otherwise indicated.

Key Points: 
  • Fiscal 2022 was another transformative year for mdf commerce, arguably one of the most transformative in the history of the Corporation.
  • The acquisition of Periscope makes mdf commerce a major player in government eprocurement in North America.
  • Total revenues for the fourth quarter of fiscal 2022, reached $30.0 million, an increase of $7.9 million or 36% compared to $22.0 million reported in Q4 2021.
  • On a constant currency (2) basis, total revenue increased by $8.2 million or 38% compared to the fourth quarter of fiscal 2021.

PetVivo to Discuss Financial Results for the Fiscal Year End ended March 31, 2022 and Business Update

Retrieved on: 
Wednesday, June 29, 2022

EDINA, MN, June 29, 2022 (GLOBE NEWSWIRE) -- PetVivo Holdings, Inc. (Nasdaq: PETV and PETVW), an emerging biomedical device company focused on the commercialization of innovative medical therapeutics for animals, announces financial results for its fiscal year ended March 31, 2022.

Key Points: 
  • Fiscal Year Ended March 31, 2022 (fiscal 2022) Compared to The Year Ended March 31, 2021 (fiscal 2021)
    Total Revenues.
  • Revenues increased to $115,586 in fiscal 2022 compared to $12,578 in fiscal 2021 and consisted of sales to veterinary clinics.
  • Cost of sales was $201,154 in fiscal 2022 compared to $10,695 for fiscal 2021.
  • Operating expenses increased to $4,970,960 in fiscal 2022 compared to $1,960,871 in fiscal 2021.

Modern Work Complexities Cost Organizations $60M Annually; Expected to Increase by 53% in Five Years

Retrieved on: 
Wednesday, June 29, 2022

Wrike surveyed 2,800 business leaders and knowledge workers to determine the root causes of work complexities and the severity of the impact on businesses, teams, and individuals.

Key Points: 
  • Wrike surveyed 2,800 business leaders and knowledge workers to determine the root causes of work complexities and the severity of the impact on businesses, teams, and individuals.
  • The financial and human cost of the Dark Matter of Work is staggering.
  • Organizations with 100 employees can lose over $1.65 million annually, and those with 100,000 can lose over $1.65 billion.
  • Left unchecked, the Dark Matter of Work has the potential to devastate organizations, says Alexey Korotich, VP of Product, Wrike.

Nearly 80% of Employees are Working at Cross Purposes to Their Colleagues

Retrieved on: 
Wednesday, June 29, 2022

Nearly 80% of knowledge workers surveyed said they work at cross purposes with colleagues because they have been given tasks that contradict one another, understand instructions differently, or dont have access to the same information and reach different conclusions.

Key Points: 
  • Nearly 80% of knowledge workers surveyed said they work at cross purposes with colleagues because they have been given tasks that contradict one another, understand instructions differently, or dont have access to the same information and reach different conclusions.
  • Weve seen workers leaving employers in droves for numerous reasons, one of which is just now coming to light.
  • The Dark Matter of Work flies under the radar, but the gravitational force of it is taking a toll on the workforce.
  • To shed light on work complexities and calculate the cost to employees and organizations , Wrike surveyed 2,800 business leaders and knowledge workers.