SUGAR LAND

CVR Partners Provides Update on Availability of 2023 K-1 Tax Packages

Retrieved on: 
Friday, March 8, 2024
CVR Partners, Congress, CVR, Joe Biden, Ammonia, Legislation

7024 legislation that, as currently written, would lower CVR Partners’ taxable income for 2023, compared to existing tax law.

Key Points: 
  • 7024 legislation that, as currently written, would lower CVR Partners’ taxable income for 2023, compared to existing tax law.
  • As previously mentioned in our February 20, 2024, press release, the timing of the availability of the 2023 K-1 tax packages could be impacted by the continued consideration of the proposed H.R.
  • 7024 legislation.
  • At this time, CVR Partners currently expects that 2023 K-1 tax packages will be available on or around March 30, 2024.

Team, Inc. Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, March 7, 2024
Sale, Safety, GAAP, IHT, Administration, TEAM, Team, Depreciation, Video game

Announced fourth quarter 2023 revenues of $214.1 million, up 1.3% over the 2022 fourth quarter revenue of $211.3 million.

Key Points: 
  • Announced fourth quarter 2023 revenues of $214.1 million, up 1.3% over the 2022 fourth quarter revenue of $211.3 million.
  • Reported fourth quarter 2023 net loss of $23.1 million, a $33.8 million improvement from the 2022 fourth quarter net loss of $56.9 million.
  • Our fourth quarter and full year results demonstrated tangible progress against those goals through an expanded Adjusted EBITDA margin and, for the fourth quarter, $8.1 million of positive Free Cash Flow.
  • Consolidated Adjusted EBITDA, a non-GAAP measure, was $9.7 million for the fourth quarter of 2023 up 45.1% compared to $6.7 million for the prior-year quarter.

Applied Optoelectronics Filed Patent Infringement Lawsuit Against CIG

Retrieved on: 
Thursday, February 22, 2024
Complaint, Internet, Research, Annual report, Risk, CATV, District court, AOI, COVID-19, Patent, FTTH, IP, Security (finance), QSFP28, CIG

The complaint, filed February 20, 2024, in the U.S. District Court for the Northern District of California, alleges that at least the CIG 100G QSFP28 CWDM4 Module Version 1, the CIG 100G QSFP28 CWDM4 Module Version 2, the CIG 100G LR4 Module, the CIG 400G QSFP-DD DR4 Module, the CIG 400G QSFP-DD FR4 Module, and the CIG 100G QSFP28 PSM4 optical transceiver module infringe one or more of the eight asserted of Applied Optoelectronic, Inc. (AOI) optical transceiver patents.

Key Points: 
  • The complaint, filed February 20, 2024, in the U.S. District Court for the Northern District of California, alleges that at least the CIG 100G QSFP28 CWDM4 Module Version 1, the CIG 100G QSFP28 CWDM4 Module Version 2, the CIG 100G LR4 Module, the CIG 400G QSFP-DD DR4 Module, the CIG 400G QSFP-DD FR4 Module, and the CIG 100G QSFP28 PSM4 optical transceiver module infringe one or more of the eight asserted of Applied Optoelectronic, Inc. (AOI) optical transceiver patents.
  • “This lawsuit against CIG is a necessary step to protect AOI’s intellectual property that has been obtained through research and development, innovation, and investment.
  • AOI will vigorously enforce its IP rights against alleged infringers,” said Dr. Thompson Lin, Applied Optoelectronics, Inc.
  • In the complaint, AOI is seeking monetary damages from CIG and a permanent injunction.

Applied Optoelectronics Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Friday, February 23, 2024
Internet, Annual report, Risk, Table, Loss, CATV, GAAP, COVID-19, Webcast, Organization, FTTH, Security (finance), Net, EPS, Depreciation, Bank

“While our fourth quarter revenue came in below our expectations, our gross margin outperformed our projections, and we generated non-GAAP EPS at the high end of our guidance range.

Key Points: 
  • “While our fourth quarter revenue came in below our expectations, our gross margin outperformed our projections, and we generated non-GAAP EPS at the high end of our guidance range.
  • GAAP gross margin was 35.7%, compared with 10.1% in the fourth quarter of 2022 and 32.3% in the third quarter of 2023.
  • Non-GAAP gross margin was 36.4%, compared with 21.4% in the fourth quarter of 2022 and 32.5% in the third quarter of 2023.
  • Non-GAAP net income was $1.6 million, or $0.04 per diluted share, compared with non-GAAP net loss of $5.4 million, or $0.19 per basic share in the fourth quarter of 2022, and a non-GAAP net loss of $1.7 million, or $0.05 per basic share in the third quarter of 2023.

Applied Optoelectronics Announces Equity Grants To Employees Under Inducement Plan

Retrieved on: 
Thursday, February 22, 2024
Compensated emancipation, Internet, Employment, FTTH

SUGAR LAND, Texas, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced that the Compensation Committee of its Board of Directors granted inducement awards for 31,507 shares of common stock to 9 new employees, with a grant date of February 19, 2024, pursuant to the Applied Optoelectronics, Inc. 2023 Equity Inducement Plan (the “Inducement Plan”).

Key Points: 
  • SUGAR LAND, Texas, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced that the Compensation Committee of its Board of Directors granted inducement awards for 31,507 shares of common stock to 9 new employees, with a grant date of February 19, 2024, pursuant to the Applied Optoelectronics, Inc. 2023 Equity Inducement Plan (the “Inducement Plan”).
  • The Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Applied Optoelectronics, or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with Applied Optoelectronics, pursuant to Nasdaq Listing Rule 5635(c)(4).
  • The inducement awards are comprised of restricted stock units which vest over a four-year period, subject to the employee’s continued service on the applicable vesting dates.
  • The restricted stock units are subject to the terms and conditions of the Inducement Plan and restricted stock unit agreements covering the grants.

CVR Partners Files Form 10-K Annual Report For Fiscal Year Ended December 31, 2023

Retrieved on: 
Wednesday, February 21, 2024
CVR Partners, Form 10-K, Security (finance), Ammonia, Bank statement, Annual report

SUGAR LAND, Texas, Feb. 21, 2024 (GLOBE NEWSWIRE) -- CVR Partners, LP (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate (“UAN”) solution fertilizer products, today announced that it has filed its annual report on Form 10-K for the fiscal year ended December 31, 2023, with the Securities and Exchange Commission.

Key Points: 
  • SUGAR LAND, Texas, Feb. 21, 2024 (GLOBE NEWSWIRE) -- CVR Partners, LP (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate (“UAN”) solution fertilizer products, today announced that it has filed its annual report on Form 10-K for the fiscal year ended December 31, 2023, with the Securities and Exchange Commission.
  • The annual report on Form 10-K is available free of charge through the Investor Relations link on the CVR Partners website at www.CVRPartners.com .
  • Unitholders may also receive a hard copy of the annual report on Form 10-K, which includes complete audited financial statements, free of charge upon request.
  • Please send requests to the following address:

CVR Energy Reports Fourth Quarter and Full-Year 2023 Results and Announces a Cash Dividend of 50 Cents Per Share

Retrieved on: 
Tuesday, February 20, 2024
Ammonia, RFS, Overalls, Sale, Debt-to-GDP ratio, Conference, CVR Partners, CVI, Rest, Webcast, UAN, Energy, Lamp, CVR, Partner

Declared quarterly cash dividend of 50 cents for the fourth quarter 2023, bringing the cumulative cash dividends declared for 2023 to $4.50 per share.

Key Points: 
  • Declared quarterly cash dividend of 50 cents for the fourth quarter 2023, bringing the cumulative cash dividends declared for 2023 to $4.50 per share.
  • Fourth quarter 2023 EBITDA was $204 million, compared to fourth quarter 2022 EBITDA of $313 million.
  • Adjusted EBITDA for the fourth quarter of 2023 was $170 million, compared to adjusted EBITDA of $388 million in the fourth quarter of 2022.
  • CVR Energy announced a fourth quarter 2023 cash dividend of 50 cents per share.

CVR Partners Reports Fourth Quarter and Full-Year 2023 Results and Announces a Cash Distribution of $1.68

Retrieved on: 
Tuesday, February 20, 2024
Second Continental Congress, Ammonia, Sale, Partnership, Conference, CVR Partners, Rest, Webcast, UAN, Public expenditure, Legislation, Economics, Congress, Treasury regulations, CVR, Credit, Partner, Fertilizer

Declared a fourth quarter 2023 cash distribution of $1.68 per common unit, bringing the cumulative cash distributions declared for 2023 to $17.80 per common unit.

Key Points: 
  • Declared a fourth quarter 2023 cash distribution of $1.68 per common unit, bringing the cumulative cash distributions declared for 2023 to $17.80 per common unit.
  • EBITDA was $38 million for the fourth quarter of 2023, compared to EBITDA of $122 million for the fourth quarter of 2022.
  • CVR Partners announced that the Board declared a fourth quarter 2023 cash distribution of $1.68 per common unit, which will be paid on March 11, 2024, to common unitholders of record as of March 4, 2024.
  • CVR Partners previously announced that it will host its fourth quarter and full-year 2023 Earnings Conference Call on Wednesday, February 21, at 11 a.m. Eastern.

CVR Energy to Release Fourth Quarter and Full-Year 2023 Earnings Results

Retrieved on: 
Wednesday, February 7, 2024
CVI, CVR, Webcast

SUGAR LAND, Texas, Feb. 07, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its fourth quarter and full-year 2023 earnings results on Tuesday, February 20, after the close of trading on the New York Stock Exchange.

Key Points: 
  • SUGAR LAND, Texas, Feb. 07, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its fourth quarter and full-year 2023 earnings results on Tuesday, February 20, after the close of trading on the New York Stock Exchange.
  • The Company also will host a teleconference call on Wednesday, February 21, at 1 p.m. Eastern to discuss these results.
  • This call, which will contain forward-looking information, will be webcast live and can be accessed on the Investor Relations section of CVR Energy’s website at www.CVREnergy.com .
  • A repeat of the call also can be accessed for 14 days by dialing (877) 660-6853, conference ID 13744072.

CVR Partners to Release Fourth Quarter and Full-Year 2023 Earnings Results

Retrieved on: 
Wednesday, February 7, 2024
Partnership, CVR, Webcast, Ammonia, CVR Partners, UAN

SUGAR LAND, Texas, Feb. 07, 2024 (GLOBE NEWSWIRE) --  CVR Partners, LP (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer products, plans to release its fourth quarter and full-year 2023 earnings results on Tuesday, February 20, after the close of trading on the New York Stock Exchange.

Key Points: 
  • SUGAR LAND, Texas, Feb. 07, 2024 (GLOBE NEWSWIRE) --  CVR Partners, LP (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer products, plans to release its fourth quarter and full-year 2023 earnings results on Tuesday, February 20, after the close of trading on the New York Stock Exchange.
  • The Partnership also will host a teleconference call on Wednesday, February 21, at 11 a.m. Eastern to discuss these results.
  • This call, which will contain forward-looking information, will be webcast live and can be accessed on the Investor Relations section of CVR Partners’ website at www.CVRPartners.com .
  • A repeat of the call also can be accessed for 14 days by dialing (877) 660-6853, conference ID 13744070.