SG&A

BEST Inc. Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Wednesday, March 27, 2024
Research, Administration, American depositary receipt, SG&A, ADS, Investment, Compensation, SBC, Debt-to-GDP ratio, Share repurchase, Net income, Convertible

Cost of Revenue for Supply Chain Management was RMB1,700.5 million (US$239.5 million), or 91.5% of revenue in 2023.

Key Points: 
  • Cost of Revenue for Supply Chain Management was RMB1,700.5 million (US$239.5 million), or 91.5% of revenue in 2023.
  • Cost of Revenue for Global was RMB1,131.5 million (US$159.4 million), or 119.5% of revenue in 2023.
  • Non-GAAP Net Loss from continuing operations in 2023 was RMB765.6 million (US$107.8 million), compared to RMB1,380.4 million in 2022.
  • Adjusted EBITDA from continuing operations in 2023 was negative RMB613.7 million (US$86.4 million), compared to negative RMB1,181.8 million in 2022.

Fisker Inc. Announces Preliminary Q4 and Full Year 2023 Results*

Retrieved on: 
Thursday, February 29, 2024
Vehicle Technology, Automotive, General Automotive, EV, Electric Vehicles, Alternative Energy, Energy, Alternative Vehicles, Fuels, ASPS, Research, OEM, Multimedia, Fisker Inc., Annual report, Fisker Ocean, SUV, SG&A, Sale, Public expenditure, OTA, MSRP, Workforce, Inc., Bank statement, DTC, Partnership

Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced its preliminary financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced its preliminary financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • As a result, we pivoted to a new Dealer Partner model at the end of 2023 and announced this strategic shift in early January 2024.
  • We still must prove that this model works, as it goes against the approach taken by other independent EV start-ups.
  • Fisker is projecting the total of these items to be within a range of $320 million to $390 million1.

McRAE INDUSTRIES, INC. REPORTS EARNINGS FOR THE FIRST QUARTER OF FISCAL 2024

Retrieved on: 
Friday, January 5, 2024
Depreciation, Government, SG&A, AMIC, Annual report, Sale, Pink, Video game

Consolidated net revenues totaled $32.8 million for the first quarter of fiscal 2024 as compared to $33.8 million for the first quarter of fiscal 2023.

Key Points: 
  • Consolidated net revenues totaled $32.8 million for the first quarter of fiscal 2024 as compared to $33.8 million for the first quarter of fiscal 2023.
  • Sales related to our western/lifestyle boot products for the first quarter of fiscal 2024 totaled $22.0 million as compared to $26.8 million for the first quarter of fiscal 2023.
  • Revenues from our work boot products increased approximately 35%, from $7.0 million for the first quarter of fiscal 2023 to $9.4 million for the first quarter of fiscal 2024.
  • Consolidated gross profit for the first quarter of fiscal 2024 amounted to approximately $9.9 million as compared to $10.3 million for the first quarter of fiscal 2023.

ADDvantage Technologies Reports Financial Results for the Quarter Ended September 30, 2023

Retrieved on: 
Tuesday, November 14, 2023
Three Months, Bank statement, SG&A, Insurance, Optical transport network, Note 2, Communication, AEY, Fixed wireless, Clothing, Cable television, Cryptocurrency, Telco

CARROLLTON, Texas, Nov. 14, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) today reported financial results for the three and nine months ended September 30, 2023, the third quarter of 2023.

Key Points: 
  • CARROLLTON, Texas, Nov. 14, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) today reported financial results for the three and nine months ended September 30, 2023, the third quarter of 2023.
  • This expansion shows significant promise, representing a more durable revenue stream that is more resistant to economic pressures.
  • Cash and cash equivalents were $1.6 million as of September 30, 2023, compared to $2.6 million at December 31, 2022.
  • See further discussion in Note 2 to the Company’s financial statements included in the Company’s Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2023.

Loop Media Reports Full Year 2023 and Fourth Quarter Fiscal Financial Results

Retrieved on: 
Tuesday, December 12, 2023
Technology, Other Retail, Entertainment, Audio, Video, Restaurant, Bar, TV and Radio, Music, Retail, Consumer Electronics, EBITDA, Acquisition, NYSE, SSPS, Investment, Depreciation, Loop Trolley, LPTV, Marketing, Advertising, Deity, AVOD, DSPS, SVOD, Loop, Software, Growth, Fiscal, Sport, DOOH, News, FY, Environment, Video game, Health care, Reinsurance, Bookkeeping, Cryptocurrency, Internet service provider, SG&A

In the 2023 fiscal fourth quarter, revenue decreased approximately 53% to $5.7 million compared to $12.2 million for the same period in fiscal 2022.

Key Points: 
  • In the 2023 fiscal fourth quarter, revenue decreased approximately 53% to $5.7 million compared to $12.2 million for the same period in fiscal 2022.
  • Gross profit in the 2023 fiscal fourth quarter was $1.6 million compared to $4.6 million for the same period in fiscal 2022.
  • Adjusted EBITDA in the fiscal 2023 fourth quarter was $(4.8) million compared to $(3.0) million for the same period in fiscal 2022.
  • The company will conduct a conference call today, December 12, 2023, at 5:00 p.m. Eastern Standard Time to discuss financial and operating results for its fiscal fourth quarter and fiscal year ended September 30, 2023.

BZAM Ltd. Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 28, 2023
EBITDA, Absorption, Facility, Stock, SG&A, G&A, Adjustment, Stone pine, State Administrative Expenses, Certification, Video game, Q2, Q3

Direct Gross Profit: Direct Gross Profit for the quarter was 8% before changes in fair value of biological assets, compared to 6% in Q3 2022 and 16% in Q2 2023.

Key Points: 
  • Direct Gross Profit: Direct Gross Profit for the quarter was 8% before changes in fair value of biological assets, compared to 6% in Q3 2022 and 16% in Q2 2023.
  • Adjusted General and Administrative Expenses ("G&A"): Adjusted G&A increased year-over-year by $2.5 million or 59% primarily due to the BZAM Transaction, and increased by $0.51 million from Q2, 2023, or 8%.
  • In Q3 2023, the Company received orders under its international distribution agreements in Germany, Australia, and the United Kingdom following on receipt of its EU-GMP certification in Q2 2023.
  • On October 27, 2023, the Company entered into a Waiver Agreement with its lender, waiving the covenant requiring positive EBITDA until January 31, 2024.

Quarterhill Announces Q3 Fiscal 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023
ITS, Cairo Ohio River Bridge, Sale, Telephone number (mathematics), Financial statement, State of Hawaii Department of the Attorney General, International, Tax, Conversation, Telephone, Ohio River Bridges Project, SG, SEDAR, EBITDA, Intelligent transportation system, Transport, Research, Bank statement, Ix, Nature, Growth, Hawaii Department of Transportation, Depreciation, USD, WiLAN, Investment, Management, TSX, International Road Dynamics, Cryptocurrency, Rare-earth element, Pharmaceutical industry, Broadcasting, Bookkeeping, Commercial property, Adjustment, SG&A

Financial statements for the three and nine months ended September 30, 2023, and for the respective comparison periods, have been prepared to reflect continuing operations and therefore exclude results during those periods from Wi-LAN Inc. ("WiLAN"), which was sold by Quarterhill on June 15, 2023.

Key Points: 
  • Financial statements for the three and nine months ended September 30, 2023, and for the respective comparison periods, have been prepared to reflect continuing operations and therefore exclude results during those periods from Wi-LAN Inc. ("WiLAN"), which was sold by Quarterhill on June 15, 2023.
  • As a percentage of revenue, SG&A in Q3 2023 was 18% compared to 27% in Q3 2022.
  • Quarterhill will host a conference call to discuss its financial results today at 10:00 AM Eastern Time.
  • These non-IFRS financial measures and non-IFRS ratios are not standardized financial measures under IFRS, and, therefore, are unlikely to be comparable to similar financial measures presented by other companies.

Meritage Homes reports third quarter 2023 results with a 50% year-over-year increase in sales orders driven by accelerated cycle times and move-in ready inventory

Retrieved on: 
Tuesday, October 31, 2023
Internal Revenue Code, SG, Environment, IRA, Sale, ASP, Meritage Homes Corporation, Absorption, EPS, Inflation, Acquisition, Note, Video game, Bank, Lease, Life insurance, Cryptocurrency, SG&A

"Buoyed by our financing incentives including rate locks and buy-downs, our sales orders of 3,474 homes this quarter increased 50% year-over-year,” Mr. Lord continued.

Key Points: 
  • "Buoyed by our financing incentives including rate locks and buy-downs, our sales orders of 3,474 homes this quarter increased 50% year-over-year,” Mr. Lord continued.
  • "Third quarter 2023 average community count of 282 was 3% below prior year and down 1% sequentially compared to the second quarter of 2023, as our accelerated orders pace resulted in some early community close outs.
  • Average sales price ("ASP") on orders in the third quarter of 2023 of $430,000 was up 2% from the third quarter of 2022 due to geographic mix.
  • The lower rate for 2023 reflected the increased per-home energy efficiency credit amount starting in 2023.

Modine Reports Second Quarter Fiscal 2024 Results, Raises Full-Year Earnings Guidance

Retrieved on: 
Wednesday, November 1, 2023
Depreciation, EBITDA, HVAC, Growth, Climate Solutions Caucus, NYSE, Performance Technologies, SG&A, Video game, Maple syrup, Retail, Modine

RACINE, Wis., Nov. 1, 2023 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended September 30, 2023.

Key Points: 
  • During the second quarter of fiscal 2024, the Company recorded $0.5 million of restructuring expenses and $1.0 million of environmental charges.
  • Earnings per share was $0.87 in the second quarter, compared with $0.46 in the second quarter of the prior year.
  • Adjusted earnings per share was $0.89 in the second quarter, compared with adjusted earnings per share of $0.48 in the second quarter of the prior year.
  • "Our second quarter performance was stronger than expected, so we are once again raising our full-year earnings guidance," added Brinker.

TuSimple Announces First Half 2023 Results

Retrieved on: 
Wednesday, September 27, 2023
Workforce, AEBITDA, GAAP, Investment, SG, SBC, Rare-earth element, Life insurance, Beauty salon, TuSimple, SG&A

SAN DIEGO, Sept. 27, 2023 /PRNewswire/ -- TuSimple (Nasdaq: TSP) today reported results for the first and second quarters of 2023. TuSimple's quarterly financial results are available in the company's quarterly reports on Form 10-Q filed with the Securities and Exchange Commission and on the company's investor relations website. For additional information and to view the company's latest investor presentation, please visit ir.tusimple.com.

Key Points: 
  • For the six months ended June 30, 2023 ("H1 2023"), gross loss was $0.5 million, down 90% versus the first half of 2022 ("H1 2022").
  • In December 2022 and May 2023, TuSimple announced restructuring plans to improve its cost structure, which included a reduction of the company's global workforce and asset impairments.
  • H1 2023 SG&A expense was $57.4 million, up 6% versus H1 2022, and Q2 2023 SG&A expense was $28.7 million, flat sequentially.
  • TuSimple held $835.7 million of cash, cash equivalents, and short-term investments as of June 30, 2023.