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Everspin Reports Unaudited First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, May 1, 2024
Semiconductor, Data Management, IOT (Internet of Things), Technology, Other Technology, Hardware, STT-MRAM, Toggle, Risk, Depreciation, Annual report, Security (finance), Traction, Tax, Patent, Bank statement, MRAM, GAAP, IBM

Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the first quarter ended March 31, 2024.

Key Points: 
  • Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the first quarter ended March 31, 2024.
  • Licensing, royalty, patent, and other revenue of $3.6 million, compared to $1.1 million in the first quarter of 2023.
  • Everspin encourages investors to review its financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.
  • Everspin will host a conference call for analysts and investors on Wednesday, May 1, 2024, at 5:00 p.m. Eastern Time.

Fairview Microwave Boosts RF Component Availability with Waveguide Power Dividers

Retrieved on: 
Wednesday, April 3, 2024
VSWR, Electronics, Toggle, SMA, SPDT

IRVINE, Calif., April 3, 2024 /PRNewswire-PRWeb/ -- Fairview Microwave, an Infinite Electronics brand and a leading provider of RF, microwave and millimeter-wave products, has announced the release of its waveguide power dividers. These advanced components, featuring single-pole, double-throw (SPDT) toggle switches with SMA connectors, are a milestone in RF component availability, offering customers unmatched convenience and performance.

Key Points: 
  • IRVINE, Calif., April 3, 2024 /PRNewswire-PRWeb/ -- Fairview Microwave, an Infinite Electronics brand and a leading provider of RF, microwave and millimeter-wave products, has announced the release of its waveguide power dividers .
  • "Our waveguide power dividers offer readily available, high-performance RF components that align with the fast-paced technological landscape," said Product Line Manager Kevin Hietpas.
  • "Our waveguide power dividers offer readily available, high-performance RF components that align with the fast-paced technological landscape," said Product Line Manager Kevin Hietpas.
  • Fairview Microwave's waveguide power dividers are in stock and ready for immediate shipment with no minimum order quantity.

Fairview Microwave Boosts RF Component Availability with Waveguide Power Dividers

Retrieved on: 
Wednesday, April 3, 2024
VSWR, Electronics, Toggle, SMA, SPDT

IRVINE, Calif., April 3, 2024 /PRNewswire/ -- Fairview Microwave, an Infinite Electronics brand and a leading provider of RF, microwave and millimeter-wave products, has announced the release of its waveguide power dividers. These advanced components, featuring single-pole, double-throw (SPDT) toggle switches with SMA connectors, are a milestone in RF component availability, offering customers unmatched convenience and performance.

Key Points: 
  • IRVINE, Calif., April 3, 2024 /PRNewswire/ -- Fairview Microwave, an Infinite Electronics brand and a leading provider of RF, microwave and millimeter-wave products, has announced the release of its waveguide power dividers .
  • Fairview's waveguide power dividers cater to the dynamic requirements of RF applications.
  • "Our waveguide power dividers offer readily available, high-performance RF components that align with the fast-paced technological landscape," said Product Line Manager Kevin Hietpas.
  • Fairview Microwave's waveguide power dividers are in stock and ready for immediate shipment with no minimum order quantity.

Everspin Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024
Technology, Hardware, Data Management, Radiation, Toggle, Total, STT-MRAM, Annual report, GAAP, COVID-19, Tax, Security (finance), Risk, Bank statement, Depreciation, Video game

Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2023.
  • Licensing, royalties, patents, and other revenue of $4.3 million, compared to $1.1 million in the fourth quarter of 2022.
  • GAAP operating expenses of $8.1 million, compared to $7.5 million in the fourth quarter of 2022.
  • Everspin encourages investors to review its financial statements and publicly filed reports in their entirety and not to rely on any single financial measure.

Toggle3D.ai Announces its Breakthrough AI Increases 3D Model Production For Ecommerce Enterprise Customers Productivity by 100% 

Retrieved on: 
Tuesday, February 6, 2024
AI, 3D, Amazon, CAD, Collection, OTC, Plastic, WebAR, Metal, PBR, IBN, Toggle, Industrial design

The Company is using Toggle3D to texture 3D models for Amazon as well as other customers, and is increasing artists' productivity speed by 100%, providing tangible benefits by reducing the time and cost of 3D model production.

Key Points: 
  • The Company is using Toggle3D to texture 3D models for Amazon as well as other customers, and is increasing artists' productivity speed by 100%, providing tangible benefits by reducing the time and cost of 3D model production.
  • The company sees a big economic benefit for the rapidly growing 3D modeling industry for ecommerce which is massive.
  • By using Toggle 3D artists are able to increase profit margins by as much as 50%.
  • As the demand for high-quality 3D models continues to grow, Toggle3D.ai emerges as the go-to solution for efficient and stunning 3D texturing.

Toggle3D.ai Reports 75% Usage Growth in Q4, New Release With AI Search Engine Integration Set for Q1

Retrieved on: 
Tuesday, January 30, 2024
Intelligence, AI, 3D, CAD, Collection, OTC, Nex Entertainment, IBN, Toggle, 3D printing

The Company is also excited for the relaunch of Toggle3D with its groundbreaking new features including Nextech3D.ai's in-house built AI-powered 3D model search engine .

Key Points: 
  • The Company is also excited for the relaunch of Toggle3D with its groundbreaking new features including Nextech3D.ai's in-house built AI-powered 3D model search engine .
  • Watch a video of CEO Evan Gappelberg discuss Toggle3D.ai's anticipated relaunch and the AI powered search engine: click here to watch
    Earlier this month, Nextech3D.ai unveiled the AI 3D model search engine .
  • This breakthrough AI search engine integrates computer vision and artificial intelligence to refine and quicken the 3D modeling process.
  • In addition, Nextech3D.ai will integrate the AI search engine within the Toggle3D platform in Q1, 2024.

RuggON to Introduce Military-Grade Rugged UAV Ground Control System at CES 2024

Retrieved on: 
Thursday, January 4, 2024
Toggle, Shock, Microsoft Windows, Telemetry, Xe, Government, Wi-Fi 6, Unmanned aerial vehicle, GNSS, Intel, Satellite navigation, Aircraft, LOS, Water, UAV, Las Vegas Convention Center, Vibration, CES, GCS, LUNA, Bronchopulmonary segment, Data collection, Dust, Surveying

LOS ANGELES, Jan. 4, 2024 /PRNewswire/ -- RuggON, an international maker of ruggedized mobile solutions, announced today it will be introducing its new Ground Control System (GCS) for controlling UAVs at CES® 2024. The system, built around the company's popular LUNA 3 8-inch rugged tablet, lets the user control virtually any UAV, while the tablet's big and bright screen provides excellent video feedback. The UAV-controlling system is also certified to provide Global Navigation Satellite System (GNSS) positioning and tracking services.

Key Points: 
  • This ground control system is built around RuggON's LUNA 3 rugged tablet, providing real-time control, telemetry, and satellite positioning for connected drones.
  • LOS ANGELES, Jan. 4, 2024 /PRNewswire/ -- RuggON, an international maker of ruggedized mobile solutions, announced today it will be introducing its new Ground Control System (GCS) for controlling UAVs at CES® 2024.
  • The system, built around the company's popular LUNA 3 8-inch rugged tablet, lets the user control virtually any UAV, while the tablet's big and bright screen provides excellent video feedback.
  • The UAV-controlling system is also certified to provide Global Navigation Satellite System (GNSS) positioning and tracking services.

Cazoo Announces Completion of Debt Restructuring and Related Transactions on December 6, 2023

Retrieved on: 
Thursday, December 7, 2023
Online Retail, Aftermarket, Retail, Automotive, Other Automotive, General Automotive, Specialty, Nexus, GPU, Exchange offer, Economics, NYSE, Audit committee, New Board, DLA Piper, Transaction, Pinsent Masons, Form, Piper, Toggle, Multimedia, Reverse stock split, MITIE, Debt-to-GDP ratio, Note, SEC filing, Gemfields, Health, Security (finance), Management, Cazoo

Cazoo Group Ltd (NYSE: CZOO) (“Cazoo” or “the Company”), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, announces today the completion of its restructuring transactions (the “Transactions”) on December 6, 2023.

Key Points: 
  • Cazoo Group Ltd (NYSE: CZOO) (“Cazoo” or “the Company”), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, announces today the completion of its restructuring transactions (the “Transactions”) on December 6, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20231206913728/en/
    Paul Whitehead, Chief Executive Officer of Cazoo, said, “I am delighted that we have now completed these transactions.
  • Cazoo launched only four years ago this week and has already sold almost 150,000 cars entirely online to consumers across the UK.
  • “Completion of these transactions represents a significant inflection point for Cazoo.

Cazoo Updates Methodology for Settlement of Exchange Offer

Retrieved on: 
Wednesday, December 6, 2023
Aftermarket, Automotive, Specialty, Online, Other Automotive, Technology, General Automotive, Retail, Exchange offer, Toggle, NYSE, Debt-to-GDP ratio, Security (finance), Cazoo, News & Notes

Cazoo Group Ltd (NYSE: CZOO) (“Cazoo” or “the Company”), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, announces an update to the methodology for settlement of the exchange of $630 million aggregate principal amount of 2.00% Convertible Senior Notes due 2027 (the “Convertible Notes”) for a pro rata portion of (1) $200 million aggregate principal amount of 4.00%/2.00% cash/payment-in-kind toggle senior secured notes due 2027 (the “New Notes”) and (2) Class A ordinary shares of Cazoo, which will represent 92% of the total Class A ordinary shares outstanding immediately after giving effect to the exchange offer (the “Exchange Offer”).

Key Points: 
  • Cazoo Group Ltd (NYSE: CZOO) (“Cazoo” or “the Company”), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, announces an update to the methodology for settlement of the exchange of $630 million aggregate principal amount of 2.00% Convertible Senior Notes due 2027 (the “Convertible Notes”) for a pro rata portion of (1) $200 million aggregate principal amount of 4.00%/2.00% cash/payment-in-kind toggle senior secured notes due 2027 (the “New Notes”) and (2) Class A ordinary shares of Cazoo, which will represent 92% of the total Class A ordinary shares outstanding immediately after giving effect to the exchange offer (the “Exchange Offer”).
  • In accordance with the Company’s updated methodology for settlement, each holder of Convertible Notes entitled to receive New Notes in a principal amount that is not a permitted denomination will receive a principal amount of the New Notes rounded to the nearest permitted denomination, rather than a principal amount of the New Notes rounded down to the nearest permitted denomination.
  • The New Notes will be issued in a minimum denomination of US$1,000 and integral multiples of US$1 in excess thereof.
  • The settlement of the Exchange Offer is expected to occur on December 6, 2023.

Cazoo To Complete Exchange Offer with 100% of Noteholders

Retrieved on: 
Tuesday, December 5, 2023
General Automotive, Fleet Management, Other Automotive, Automotive, Exchange offer, Exchange, InterQuest Group Ltd, Toggle, NYSE, Debt-to-GDP ratio, Convertible, Security (finance), Cazoo

Cazoo Group Ltd (NYSE: CZOO) (“Cazoo” or “the Company”), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, announces today the final results of its previously announced exchange offer (the “Exchange Offer”).

Key Points: 
  • Cazoo Group Ltd (NYSE: CZOO) (“Cazoo” or “the Company”), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, announces today the final results of its previously announced exchange offer (the “Exchange Offer”).
  • In the Exchange Offer, Cazoo offered to exchange $630 million aggregate principal amount of its 2.00% Convertible Senior Notes due 2027 (the “Convertible Notes”) for a pro rata portion of (1) $200 million aggregate principal amount of 4.00%/2.00% cash/payment-in-kind toggle senior secured notes due 2027 and (2) Class A ordinary shares of Cazoo which will represent 92% of the total Class A ordinary shares outstanding upon consummation of the Exchange Offer.
  • The settlement of the Exchange Offer is expected to occur on December 6, 2023.
  • As of the expiration of the Exchange Offer at 11:59 p.m., New York City time on December 4, 2023, $630,000,000 aggregate principal amount of the Convertible Notes were validly tendered and accepted, representing 100% of the outstanding Convertible Notes.