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ACV Announces Fourth Quarter and Full-Year 2023 Results

Retrieved on:

Wednesday, February 21, 2024

Total, Depreciation, Growth, Adjustment, Yoy, ACV, Cost, Chamoun, Cryptocurrency

BUFFALO, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, today reported results for its fourth quarter and full-year ended December 31, 2023.

Key Points:

“We are very pleased with our strong fourth quarter results, with revenue in line with our guidance, strong year-over-year margin expansion, and Adjusted EBITDA exceeding our guidance range,” said George Chamoun, CEO of ACV.
Our strong market position and competitive moat resulted in continued market share gains and accelerated revenue growth in the quarter.
First quarter non-GAAP net income guidance excludes approximately $14 million of stock-based compensation expense and approximately $2 million of intangible amortization.
ACV will host a conference call and live webcast today, February 21, 2024, at 5:00 p.m.

Kaiser Aluminum Corporation Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Wednesday, February 21, 2024

FRANKLIN, Tenn., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU), a leading producer of semi-fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications, today announced fourth quarter and full year 2023 results.

Key Points:

Conversion revenue for the fourth quarter 2023 was $361 million, reflecting a 2% increase compared to the prior year period.
Adjusted net income per diluted share was $0.60 for the fourth quarter 2023, compared to an adjusted net loss per diluted share of $0.35 for the fourth quarter 2022.
Adjusted EBITDA of $52 million in the fourth quarter 2023 increased $22 million compared to the prior year period and increased $4 million compared to the third quarter 2023.
Kaiser Aluminum Corporation will host a conference call on Thursday, February 22, 2024, at 10:00 am (Eastern Time); 9:00 am (Central Time); 7:00 am (Pacific Time), to discuss its fourth quarter and full year 2023 results.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in BioNTech SE of Class Action Lawsuit and Upcoming Deadlines – BNTX

Retrieved on:

Tuesday, February 20, 2024

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against BioNTech SE (“BioNTech” or the “Company”) (NASDAQ: BNTX).

Key Points:

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against BioNTech SE (“BioNTech” or the “Company”) (NASDAQ: BNTX).
Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
BioNTech is a biotechnology company that develops and commercializes immunotherapies for cancer and other infectious diseases.
Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Against BioNTech SE (BNTX) and Urges BNTX Investors with Substantial Losses to Contact the Firm

Retrieved on:

Monday, March 4, 2024

The law firm of Kessler Topaz Meltzer & Check, LLP ( www.ktmc.com ) informs investors that a securities class action lawsuit has been filed against BioNTech SE (“BioNTech”) ( NASDAQ: BNTX ).

Key Points:

The law firm of Kessler Topaz Meltzer & Check, LLP ( www.ktmc.com ) informs investors that a securities class action lawsuit has been filed against BioNTech SE (“BioNTech”) ( NASDAQ: BNTX ).
The action charges BioNTech with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects.
As a result of BioNTech’ s materially misleading statements and omissions to the public, BioNTech’ s investors have suffered significant losses.
Kessler Topaz Meltzer & Check, LLP encourages BioNTech investors who have suffered significant losses to contact the firm directly to acquire more information.

Marqeta Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Wednesday, February 28, 2024

Professional Services, Payments, Technology, Software, Finance, Fintech, Banking, Acquisition, Growth, Cost of revenue, Cash App, TPV, Cost, Adjustment

Fourth Quarter 2023 Financial Results:

Key Points:

Fourth Quarter 2023 Financial Results:
TPV increased by 33% year-over-year, from $47 billion for the quarter ended December 31, 2022, to $62 billion for the quarter ended December 31, 2023.
Prior to the quarter ended June 30, 2023, these costs were included within Cost of Revenue.
Adjusted EBITDA in the fourth quarter of 2023 was an income of $3 million, an increase of $11 million year-over-year.
Full Year 2023 Financial Results:
TPV increased by 34% year-over-year, from $166 billion in 2022, to $222 billion in 2023.

ATEC Reports Fourth Quarter and Full-Year 2023 Financial Results and Recent Corporate Highlights

Retrieved on:

Tuesday, February 27, 2024

Surgery, Health, Medical Devices, EOS, Growth, Foot, Surgeon, Lateral, Compensated emancipation, GAAP, Calibration, Webcast, Acceleration, Employment, Informatics, ATEC, Bank statement, Cost, Bank

We are all systems go in the pursuit of ATEC’s best, which is yet to come."

Key Points:

We are all systems go in the pursuit of ATEC’s best, which is yet to come."
Non-GAAP financial results should be considered in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.
Included below are reconciliations of the non-GAAP financial measures to the comparable GAAP financial measures and a discussion of the Company’s non-GAAP definitions.
In addition, the RSUs will vest fully upon a change of control of ATEC.

Verdagy and Samsung Engineering Announce a Global Joint Development & Marketing Agreement

Retrieved on:

Thursday, March 7, 2024

Hydrogen, Engineering, Architecture, Samsung Engineering, Mining, Fertilizer, Samsung, MOSS, Steel, Cost, Partnership

MOSS LANDING, Calif., March 7, 2024 /PRNewswire/ -- Verdagy, a green hydrogen electrolysis company with over a decade of technology and product development, announced today that it has entered into a joint development and marketing agreement with Samsung Engineering, a world leading engineering solutions and project management company. Verdagy and Samsung Engineering will collaborate on infrastructure-scale projects for the production of green hydrogen to jointly provide green hydrogen project developers with preeminent engineering and project management solutions.

Key Points:

The Ideal Partnership of Technology, Expertise and Cost to Accelerate Green Hydrogen Adoption and Decarbonize Hard-to-Abate Industries
MOSS LANDING, Calif., March 7, 2024 /PRNewswire/ -- Verdagy , a green hydrogen electrolysis company with over a decade of technology and product development, announced today that it has entered into a joint development and marketing agreement with Samsung Engineering, a world leading engineering solutions and project management company.
Verdagy and Samsung Engineering will collaborate on infrastructure-scale projects for the production of green hydrogen to jointly provide green hydrogen project developers with preeminent engineering and project management solutions.
"Verdagy is accelerating the adoption of green hydrogen by providing customers the most capital-efficient, reliable and scalable electrolyzer solutions.
"Samsung Engineering is excited about this agreement, since Verdagy has commercialized high efficiency, reliable, cost-competitive electrolyzers," said Wonsik Cho, Vice President of Samsung Engineering.

Global Marine Battery Industry Report 2024-2029: Growing Demand for Electric Propulsion Systems, Expansion of the Electric and Hybrid Vessels Gaining Momentum

Retrieved on:

Tuesday, March 5, 2024

Lithium, USD, Electricity, Investment, Renewable energy, Transport, Growth, Government, Climate change, Safety, Incentive, Cost, Fossil fuel

Key factors influencing the market include the global push towards electrification in shipping, advancements in battery technology, government policies promoting emission reductions, and the expansion of electric and hybrid vessel fleets.

Key Points:

Key factors influencing the market include the global push towards electrification in shipping, advancements in battery technology, government policies promoting emission reductions, and the expansion of electric and hybrid vessel fleets.
As a critical component in the transition towards greener marine technologies, the marine battery market is poised for substantial growth and innovation.
Growing Demand for Electric Propulsion Systems in Marine Applications:
Environmental Regulations: Stringent regulations, like the IMO's sulfur cap and decarbonization initiatives, drive the adoption of cleaner technologies.
Expansion of the Electric and Hybrid Vessel Market:
Fuel Efficiency and Cost Reduction: Electric and hybrid propulsion systems offer fuel efficiency and operational cost savings.

Lithium South Announces PEA Estimate US$934 Million Dollar NPV with an IRR of 31.6% and a 2.5 year Payback for HMN Lithium Project

Retrieved on:

Monday, March 4, 2024

VANCOUVER, BC, March 4, 2024 /PRNewswire/ -- Lithium South Development Corporation (the "Company" or "Lithium South") (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) is pleased to announce positive results from an independent Preliminary Economic Assessment ("PEA") for its Hombre Muerto North Lithium Project ("HMN Lithium Project") near Salta, Argentina. The PEA was prepared by Knight Piésold Consulting ("KP") and JDS Energy and Mining ("JDS"), both of Vancouver, in accordance with the standards set out in National Instrument 43-101 Standards of disclosure for Mineral Projects ("NI 43-101"), and CIM's Best Practice Guidelines for Mineral Processing ("BPGMP").

Key Points:

Company President and CEO, Adrian F. C. Hobkirk is quoted, "We are very pleased that Lithium South has advanced the HMN Lithium Project to a PEA based on 15,600 tonnes per year lithium carbonate technical grade production.
The PEA results highlight attractive economics associated with the project, including a short payback and exceptional Internal Rate of Return.
We look forward to taking the HMN Lithium Project to the next stage of development as quickly as possible."
The report has an updated lithium recovery process for the HMN Lithium Project brine, which uses industry proven evaporation.

Historic church in Washington, D.C., preserved as sacred space

Retrieved on:

Thursday, February 29, 2024

Acquisition, Church of the Advent, Friends, Shaw, Advent, Baptists, Curriculum, Counting the cost, Lord, Third Baptist Church, Cost

WASHINGTON, Feb. 29, 2024 /PRNewswire/ -- The Church of the Advent, an Anglican congregation in Washington, D.C., has completed the purchase of the historic Third Baptist Church in the Shaw neighborhood. Advent, founded in 2007, has been meeting in rented buildings and will put down permanent roots for the first time, while Third Baptist Church's members have chosen to continue as a congregation in Prince George's County, Maryland.

Key Points:

WASHINGTON, Feb. 29, 2024 /PRNewswire/ -- The Church of the Advent, an Anglican congregation in Washington, D.C., has completed the purchase of the historic Third Baptist Church in the Shaw neighborhood.
"Worship sites are attractive for redevelopment," commented Evan Sparks, a member of Church of the Advent and a board member of Sacred Spaces Conservancy.
We're thrilled that Third Baptist chose to work with Advent and protect this historic sacred building."
"Sacred Spaces Conservancy was instrumental for Church of the Advent to launch the process of buying a building in D.C." said Deborah Tepley, executive director at Church of the Advent.