ICD

NFI announces first quarter 2024 results

Retrieved on: 
Thursday, May 2, 2024
Conversation, Investment, Risk, Webcast, Growth, EST, NFI, Financial statement, FCA, Documentation, Audit committee, Net, Executive, American Public Transportation Association, Net operating assets, Travel, FCPA, Public expenditure, ICD, LTM, Government, Ernst & Young, ZEB, Fiscal, Eus, History, Senior, Appendix, Bank statement, Scotiabank, WIP

WINNIPEG, Manitoba, May 02, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI" or the "Company"), a leader in zero-emission electric mobility solutions, today announced its unaudited interim condensed consolidated financial results for the first quarter of 2024.

Key Points: 
  • Results noted herein are for the 13-week period ("2024 Q1”) and the 52-week period ("2024 Q1 LTM”) ended March 31, 2024.
  • NFI generated $10 million in cash flows from working capital in the first quarter of 2024, as higher vehicle deliveries lowered finished goods and work-in-process (“WIP”) inventory.
  • NFI anticipates that nearly all of the remaining legacy inflation-impacted contracts will be delivered during the second quarter of 2024.
  • NFI reiterates its previously provided financial guidance for Fiscal 2024 and targets for 2025 as disclosed on January 17, 2024.

Tradeweb Reports First Quarter 2024 Financial Results

Retrieved on: 
Thursday, April 25, 2024
Public Relations, Investor Relations, Internet, Marketing, Communications, Technology, Woman, Investment, European Central Bank, General counsel, PIN, ECB, News, Depreciation, Annual report, Money, CMOS, Service provider, Webcast, Growth, TRACE, Waters (magazine), IPO, Corporation, Acquisition, EPS, Ratio, Movement, ICD, Share repurchase, United States Treasury security, Refinitiv, Electronic, GAAP, Central bank, RFQ, ADV, Cryptocurrency

See "Non-GAAP Financial Measures" below and the attached schedules for additional information and reconciliations of such non-GAAP financial measures.

Key Points: 
  • See "Non-GAAP Financial Measures" below and the attached schedules for additional information and reconciliations of such non-GAAP financial measures.
  • Rates – Revenues of $214.1 million in the first quarter of 2024 increased 25.6% compared to prior year period (increased 25.3% on a constant currency basis).
  • Credit – Revenues of $115.8 million in the first quarter of 2024 increased 30.1% compared to prior year period (increased 29.8% on a constant currency basis).
  • Tradeweb Markets will hold a conference call to discuss first quarter 2024 results starting at 9:30 AM EDT today, April 25, 2024.

Onchilles Pharma Presents at AACR 2024 New Preclinical Data for N17350 and N17465 Demonstrating the Potential for Potent and Tumor-Selective Treatment

Retrieved on: 
Tuesday, April 9, 2024
Oncology, Health, Clinical Trials, Research, Science, Pharmaceutical, Biotechnology, Cancer, Pharma, Blood, Doxorubicin, Oxaliplatin, Breast, San Diego Convention Center, CDX, Prostate cancer, Death domain, Therapy, Immunogenic cell death, Patient, Neoplasm, ICD, Lung, Toxicity, AACR, Immune system, Carboplatin, Ovarian cancer, CD95, Vaccine

N17350 and N17465 are novel first-in-class oncology programs that harness the potent efficacy of the innate immune system and have the potential to become a major new treatment modality for a wide range of cancer types.

Key Points: 
  • N17350 and N17465 are novel first-in-class oncology programs that harness the potent efficacy of the innate immune system and have the potential to become a major new treatment modality for a wide range of cancer types.
  • Lev Becker, Ph.D., Scientific Founder, Onchilles Pharma, said, “We are excited to unveil systemically delivered N17465 that has the potential to redefine the treatment of solid tumors.
  • The data presented today demonstrate that N17465 exhibits potent and tumor-selective efficacy, mobilizes the immune system for anti-tumor immunity, and produces durable responses in mouse models as a monotherapy.
  • We are confident that N17350 and N17465 represent a novel class of molecules that could become the new foundation of cancer treatment.

Parthenon Capital Sells Institutional Cash Distributors, a Leading Independent, Multi-Fund Investment Platform for Corporate Treasury Professionals, to Tradeweb Markets, Inc.

Retrieved on: 
Tuesday, April 9, 2024
Finance, Professional Services, Technology, Fintech, Software, Risk management, Growth, Partnership, LLP, Capital, ICD, Investment, Treasury, Kirkland & Ellis, CO, Moelis & Company

Parthenon Capital, a leading growth-oriented private equity firm, announced today the signing of a definitive agreement to sell Institutional Cash Distributors, LLC (“ICD”), an institutional investment software and technology provider for corporate treasury organizations trading short-term investments, to Tradeweb Markets, Inc. (NASDAQ: TW).

Key Points: 
  • Parthenon Capital, a leading growth-oriented private equity firm, announced today the signing of a definitive agreement to sell Institutional Cash Distributors, LLC (“ICD”), an institutional investment software and technology provider for corporate treasury organizations trading short-term investments, to Tradeweb Markets, Inc. (NASDAQ: TW).
  • Based in Golden, CO, the ICD portal services 500 corporate treasury clients (including nearly 20% of the S&P 100), across 65 industries and more than 45 countries.
  • Throughout the partnership, Parthenon Capital and management invested in the Company to build the market leading technology solution in corporate treasury liquidity and risk management.
  • “We are excited about our future with Tradeweb and our ability to continue providing innovative technology and exceptional service to our clients.

Tradeweb to Acquire ICD, a Leading Independent, Multi-Fund Investment Platform for Corporate Treasury Professionals

Retrieved on: 
Monday, April 8, 2024
Technology, Finance, Consulting, Fintech, Banking, Professional Services, Software, Data Analytics, Asset Management, Spinal muscular atrophies, Growth, Risk, Webcast, Research, Acquisition, ICD, Investment, Treasury, Analytics, FX, Multimedia, Hand, Kirkland & Ellis

The company has a stable, growing and loyal client base, with 99% client retention and an exceptional net promoter score.

Key Points: 
  • The company has a stable, growing and loyal client base, with 99% client retention and an exceptional net promoter score.
  • Portfolio Analytics is an AI-driven cloud solution for aggregating positions across a corporate treasury's entire portfolio for analysis and reporting.
  • Tradeweb CEO Billy Hult said: “ICD is an exceptional opportunity to acquire a leading investment platform for corporate treasurers, a fast-growing channel within fixed income markets and a strong strategic fit for Tradeweb.
  • As part of Tradeweb, ICD will also be positioned to drive the adoption of electronic trading for corporate treasurers.

Kyriba Announces First of Its Kind Innovation with Onyx by J.P. Morgan and Expands Global Partner Ecosystem

Retrieved on: 
Monday, April 8, 2024
Blockchain, Software, Finance, Banking, Data Management, Professional Services, Technology, Fintech, Treasurer, Secret, Organization, Risk management, Growth, ISV, Goldman Sachs, CFO, Partnership, Risk, RSM US, ERP, TMS, JPMorgan Chase, BlackRock, LLP, LexisNexis, ICD, AWS, CFOS, PwC, BNY Mellon, Blackline, Ecosystem, API, Accenture, Onyx, Digital Solutions, Treasury, Workday, Inc., ERPs, Consultant, Cryptocurrency

“Today, CFOs struggle with disconnected systems, ongoing liquidity uncertainty and limited visibility into the financial health of their business,” said Ara Gopal, Global Vice President, Partnerships & Alliances, Kyriba.

Key Points: 
  • “Today, CFOs struggle with disconnected systems, ongoing liquidity uncertainty and limited visibility into the financial health of their business,” said Ara Gopal, Global Vice President, Partnerships & Alliances, Kyriba.
  • “Kyriba is committed to cultivating the industry's strongest partner ecosystem and we are thrilled to be extending our innovation through our latest partnership with Workday and collaboration with Onyx.
  • This innovative cross-border payment solution is complemented by real-time payments and real-time bank reporting through the J.P. Morgan’s Global Payments API, available within the Kyriba Marketplace.
  • Partners such as Deloitte have made strategic investments in developing a global Kyriba network and are delivering the largest and most complex Kyriba implementations.

onsemi Aligns Business Groups to Expand Product Portfolio and Accelerate Growth

Retrieved on: 
Tuesday, March 12, 2024
Technology, EV, Electric Vehicles, Semiconductor, Automotive, General Automotive, Vehicle Technology, 5G, Internet, Hardware, ASG, ICS, Growth, Communication, PSG, ISG, Analog, Record, ICD, Intelligence, Silicon, Architecture, AMG, EFuse, Ethernet, DC-DC, Onsemi, Bluetooth

The group will be focused on expanding onsemi’s portfolio of industry-leading power management and sensor interface devices to unlock an additional $19.3 billion total addressable market and accelerate the company’s growth in the automotive, industrial and cloud-end markets.

Key Points: 
  • The group will be focused on expanding onsemi’s portfolio of industry-leading power management and sensor interface devices to unlock an additional $19.3 billion total addressable market and accelerate the company’s growth in the automotive, industrial and cloud-end markets.
  • Additionally, Simon Keeton has been promoted to group president of the Power Solutions Group (PSG).
  • It positions onsemi to become a full suite provider of high efficiency power tree solutions with an expanded portfolio of gate drivers, DC-DC converters, multi-phase controllers, eFuses and more.
  • onsemi will publish its first quarter 2024 earnings based on the reorganized business segments and provide comparable historical data.

One Za'abeel achieves the Guinness World Records™ title for the 'Longest Cantilevered Building' in the world

Retrieved on: 
Tuesday, March 26, 2024
Michelin, Link, Investment, ICD, Life, Senior, Guinness, Emirate, Engineering, GUINNESS, Hotel

The Link stretches an impressive 230 metres in length, dissecting One Za'abeel's skyscrapers 100 metres above the ground, while its record-breaking cantilever extends 67.277 metres beyond the development's main tower.

Key Points: 
  • The Link stretches an impressive 230 metres in length, dissecting One Za'abeel's skyscrapers 100 metres above the ground, while its record-breaking cantilever extends 67.277 metres beyond the development's main tower.
  • Phase two saw the 900+ ton cantilevered structure lifted into place over four days.
  • Achieving the Guinness World Records™ title for the 'Longest Cantilevered Building' serves as a badge of recognition that we have successfully delivered on the promises we set for the development from the very beginning.
  • As we celebrate this remarkable achievement today, we look forward to the future filled with boundless opportunities that Dubai has to offer."

One Za'abeel achieves the Guinness World Records™ title for the 'Longest Cantilevered Building' in the world

Retrieved on: 
Tuesday, March 26, 2024
Michelin, Link, Investment, ICD, Life, Senior, Guinness, Emirate, Engineering, GUINNESS, Hotel

The Link stretches an impressive 230 metres in length, dissecting One Za'abeel's skyscrapers 100 metres above the ground, while its record-breaking cantilever extends 67.277 metres beyond the development's main tower.

Key Points: 
  • The Link stretches an impressive 230 metres in length, dissecting One Za'abeel's skyscrapers 100 metres above the ground, while its record-breaking cantilever extends 67.277 metres beyond the development's main tower.
  • Phase two saw the 900+ ton cantilevered structure lifted into place over four days.
  • Achieving the Guinness World Records™ title for the 'Longest Cantilevered Building' serves as a badge of recognition that we have successfully delivered on the promises we set for the development from the very beginning.
  • As we celebrate this remarkable achievement today, we look forward to the future filled with boundless opportunities that Dubai has to offer."

ICD 2024 Client Survey Shows Companies Grappling with Counterparty Concentration Risk

Retrieved on: 
Wednesday, March 20, 2024
Intelligence, Risk, CDS, Credit Suisse, ICD, NYCB, Silicon, Investment, Treasury, New York Community Bank, Community Bank, Bank

According to the 2024 ICD Client Survey , which closed in February, 80% of respondents say they are highly or moderately concerned with bank failures, while 74% say they are concerned with counterparty concentration risk .

Key Points: 
  • According to the 2024 ICD Client Survey , which closed in February, 80% of respondents say they are highly or moderately concerned with bank failures, while 74% say they are concerned with counterparty concentration risk .
  • Our cloud solution for portfolio analytics leverages AI to create a single data set of our clients' entire investment portfolio so they can effectively manage counterparty risk," Hazard says.
  • "ICD Portfolio Analytics reporting would have given practitioners actionable intelligence to mitigate counterparty exposure leading up to the March 2023 banking failures," Hazard says.
  • For further insights into corporate treasury's views on the short-term market and technology, read the 2024 ICD Client Survey report at icdportal.com/resources .