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Vislink Reports Fourth Quarter and Full Year 2023 Financial and Operational Results - Update

Retrieved on:

Monday, April 1, 2024

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Mt. Olive, NJ, April 01, 2024 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (“Vislink” or the “Company”) (Nasdaq: VISL), a global technology leader in the capture, delivery, and management of high-quality, live video and associated data in the media and entertainment, public safety, and defense markets, today reported results for the fourth quarter and full year ended December 31, 2023. The Company will file the Form 10-K with the Securities and Exchange Commission by April 16, 2024.

Key Points:

Increased Software and Services revenue to more than 10% of sales in 2023.
“2023 marked a pivotal year for Vislink, as we laid the groundwork for accelerated revenue growth and cash flow neutrality in 2024,” said Vislink CEO Mickey Miller.
Cash and short-term investments were $14.2 million at December 31, 2023, compared to $18.2 million at the end of the third quarter.
Management will host a conference call today, April 1, 2024, at 8:30 a.m. Eastern Time to discuss its financial results for the fourth quarter and full year ended December 31, 2023.

Vislink Reports Fourth Quarter and Full Year 2023 Financial and Operational Results

Retrieved on:

Monday, April 1, 2024

Mt. Olive, NJ, April 01, 2024 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (“Vislink” or the “Company”) (Nasdaq: VISL), a global technology leader in the capture, delivery, and management of high-quality, live video and associated data in the media and entertainment, public safety, and defense markets, today reported results for the fourth quarter and full year ended December 31, 2023. The Company will file the Form 10-K with the Securities and Exchange Commission by April 16, 2024.

Key Points:

Increased Software and Services revenue to more than 10% of sales in 2023.
“2023 marked a pivotal year for Vislink, as we laid the groundwork for accelerated revenue growth and cash flow neutrality in 2024,” said Vislink CEO Mickey Miller.
Cash and short-term investments were $14.2 million at December 31, 2023, compared to $18.2 million at the end of the third quarter.
Management will host a conference call today, April 1, 2024, at 8:30 a.m. Eastern Time to discuss its financial results for the fourth quarter and full year ended December 31, 2023.

Flotek Reports Fourth Quarter and Full-Year 2023 Results Highlighted by Growth in All Profitability Metrics Including a $31 Million Improvement in Annual Gross Profit

Retrieved on:

Tuesday, March 12, 2024

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Gross Profit (Loss): The Company generated gross profit of $9.4 million during the fourth quarter 2023 as compared to a gross loss of $2.1 million for the fourth quarter 2022.

Key Points:

Gross Profit (Loss): The Company generated gross profit of $9.4 million during the fourth quarter 2023 as compared to a gross loss of $2.1 million for the fourth quarter 2022.
Adjusted Gross Profit (Non-GAAP)(1): Flotek generated adjusted gross profit(1) of $10.7 million during the fourth quarter 2023 compared to adjusted gross loss(1) of $0.5 million for the fourth quarter 2022.
Selling, General and Administrative ("SG&A") Expense: SG&A expense totaled $6.6 million for the fourth quarter 2023 compared to $6.2 million for the fourth quarter 2022.
Adjusted EBITDA (Non-GAAP)(1): Adjusted EBITDA(1) was $4.0 million in the fourth quarter 2023 as compared to negative $5.1 million in the fourth quarter 2022.

AECOM named by Fortune magazine as one of the World’s Most Admired Companies for the tenth consecutive year

Retrieved on:

Wednesday, January 31, 2024

AECOM (NYSE:ACM), the world’s trusted infrastructure consulting firm, announced today that it has been recognized for the tenth consecutive year on Fortune magazine’s list of the World’s Most Admired Companies.

Key Points:

AECOM (NYSE:ACM), the world’s trusted infrastructure consulting firm, announced today that it has been recognized for the tenth consecutive year on Fortune magazine’s list of the World’s Most Admired Companies.
“Celebrating our position as one of Fortune’s World’s Most Admired Companies is a testament to our talented teams who bring world-class capabilities and unique perspectives to each of our clients,” said Troy Rudd, AECOM’s chief executive officer.
Further invested in technical excellence and professional development through award-winning learning programs and enhanced Career Paths resources.
“We are honored to be named by Fortune as one of the World’s Most Admired Companies for the tenth consecutive year, which reflects the unparalleled dedication and innovative spirit of our more than 50,000 global employees,” said Lara Poloni, AECOM’s president.

LBank and University of Illinois Urbana-Champaign Form Partnership in Quantitative Trading Education

Retrieved on:

Wednesday, December 6, 2023

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Solidified through a Memorandum of Understanding (MOU) on November 28, 2023, this partnership is poised to elevate the Quantitative Trading Enhancement Program spearheaded by Professor Tony (Qingquan) Zhang.

Key Points:

Solidified through a Memorandum of Understanding (MOU) on November 28, 2023, this partnership is poised to elevate the Quantitative Trading Enhancement Program spearheaded by Professor Tony (Qingquan) Zhang.
LBank, providing essential resources and expertise, aims to create a collaborative environment where academia and industry converge for groundbreaking advancements in digital currency trading.
In addition, LBank pledges additional funding to support students in the Quantitative Trading Enhancement Program each semester, encouraging both academic excellence and the practical application of skills.
This marks a significant leap in collaboration between the cryptocurrency sector and academic institutions, aiming to nurture the next generation of experts in quantitative trading and digital currency.

NEVADA KING REVIEWS 2023 ACHIEVEMENTS AT ITS ATLANTA GOLD MINE PROJECT - DRILLS 50,000M, INCREASES LAND PACKAGE, AND CONFIRMS NEW GEOLOGICAL MODEL

Retrieved on:

Thursday, December 28, 2023

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Drilled seven diamond drill holes and 202 reverse circulation holes at Atlanta accounting for over 50,000 metres during the 2023 calendar year.

Key Points:

Drilled seven diamond drill holes and 202 reverse circulation holes at Atlanta accounting for over 50,000 metres during the 2023 calendar year.
Expanded Phase II drill program from 20,000m to 60,000m following a series of exploration successes that leveraged off new geological modeling.
Atlanta Exploration & Drilling Highlights:
One year ago today, Nevada King released an updated geologic model that represented a significant departure from the historical interpretation of the Atlanta Au-Ag epithermal system.
The prior model constrained the distribution and tenor of gold mineralization to a single fault structure.

Archer Announces Third Quarter 2023 Results

Retrieved on:

Thursday, November 9, 2023

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Archer Aviation Inc. (“Archer” or the “Company”) (NYSE: ACHR) today announced operating and financial results for the third quarter ended September 30, 2023.

Key Points:

Archer Aviation Inc. (“Archer” or the “Company”) (NYSE: ACHR) today announced operating and financial results for the third quarter ended September 30, 2023.
Archer will be conducting its earnings conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today.
The Company has issued a shareholder letter discussing its third quarter 2023 operating and financial results, as well as its fourth quarter 2023 estimates.
Commenting on third quarter results, Adam Goldstein, Archer’s CEO said:
“This has been a quarter of major milestones for Archer.

Flotek Reports Third Quarter 2023 Financial Results Driven by Strong Growth in Net Income and First Positive Adjusted EBITDA Quarter Since 2018

Retrieved on:

Tuesday, November 7, 2023

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This is the ninth consecutive quarter of improvement and marks the first quarter of positive adjusted EBITDA since the third quarter of 2018.

Key Points:

This is the ninth consecutive quarter of improvement and marks the first quarter of positive adjusted EBITDA since the third quarter of 2018.
Gross profit margin and adjusted gross profit margin(1) for the third quarter of 2023 improved to 19% and 22%, respectively.
Net Income (Loss) and EPS: Flotek reported net income of $1.3 million, or $0.04 per diluted share, for the third quarter of 2023.
Flotek will host a conference call on November 8, 2023, at 9:00 a.m. CDT (10:00 a.m. EDT) to discuss its third quarter 2023 results.

Stunning Light Art Exhibition Set to Illuminate Abu Dhabi’s Archipelagos and Mangroves in November

Retrieved on:

Tuesday, October 10, 2023

From 15 Nov 2023 to 30 Jan 2024, Manar Abu Dhabi, a Public Art Abu Dhabi initiative, will transform the city's natural vistas with a series of mesmerising light art exhibitions.

Key Points:

From 15 Nov 2023 to 30 Jan 2024, Manar Abu Dhabi, a Public Art Abu Dhabi initiative, will transform the city's natural vistas with a series of mesmerising light art exhibitions.
HE Mohamed Khalifa Al Mubarak, Chairman of DCT Abu Dhabi, said: “Manar Abu Dhabi is more than just an art exhibition.
It is an exhibition that marries the elements of nature, water, and light art to create a one-of-a-kind experience unique only to Abu Dhabi.
Manar Abu Dhabi is part of Public Art Abu Dhabi’s ongoing commitment to commissioning public art for the emirate; two other major long-term elements include the Public Art Abu Dhabi Biennial, launching in November 2024, and artist commissions.

Skyryse and Air Methods Announce Delivery of H130 Helicopter, Catalyzing Certification Program

Retrieved on:

Wednesday, October 4, 2023

Aircraft, Solidified, Heart, Partnership, Safety, EVP, Aviation, FAA, Motion, Air Methods, Emergency medical services, Airbus, Certification, Delivery, Nursing care plan, SVP, H130, Transport, Airline

EL SEGUNDO, Calif., Oct. 4, 2023 /PRNewswire/ -- Skyryse, the provider of an intuitive integrated flight operating system, today announced a pivotal partnership milestone with the delivery of an Airbus H130 helicopter from Air Methods. The aircraft is primed for cutting-edge integration with Skyryse's game-changing technology, an integrated flight operating system (formerly referred to as FlightOS) that promises to revolutionize aviation technology.

Key Points:

Delivery of the H130 helicopter to Skyryse solidifies advancement of the certification program, which is set to bolster Air Methods' capacity to provide critical care and swift transport during life-saving emergency missions.
"Safety is at the heart of aviation, and the partnership between Air Methods and Skyryse represents a leap forward for the entire industry," said Skyryse founder and CEO, Mark Groden.
Together, Skyryse and Air Methods will pioneer safer and more efficient life-saving air medical services.
"Skyryse represents the future for Air Methods," said Leo Morrissette, EVP of Operations for Air Methods.