NEWARK

Genie Energy Announces First Quarter 2024 Results

Retrieved on: 
Wednesday, May 8, 2024
Genie Energy, GRE, Class, EPS, Adjustment, GNE, GAAP, Earnings, Operation, Holding company

Newark, NJ, May 08, 2024 (GLOBE NEWSWIRE) -- Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the first quarter of 2024. 

Key Points: 
  • Income from Operations of $9.8 million, Adjusted EBITDA1 of $11.7 Million and Earnings per Diluted Share of $0.30
    Newark, NJ, May 08, 2024 (GLOBE NEWSWIRE) -- Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the first quarter of 2024.
  • Michael Stein, chief executive officer of Genie Energy, commented:
    “We reported record first quarter revenue and gross profits, led by Genie Retail Energy, or GRE, which continued to drive the overall business with higher meter counts and strong natural gas margins.
  • Unless otherwise noted, results of Genie Retail Energy International (GREI) are included in discontinued operations for all periods.)
  • 1Adjusted EBITDA, Non-GAAP net income (loss) attributable to Genie Energy Ltd. common stockholders, and Non-GAAP EPS for all periods presented are non-GAAP measures intended to provide useful information that supplements the core operating results in accordance with GAAP for Genie Energy or the relevant segment.

NRSInsights’ April 2024 Retail Same-Store Sales Report

Retrieved on: 
Tuesday, May 7, 2024
Cream, Sale, POS, Energy drink, Foodservice, Tobacco, DMA's, Wine, Easter, Cocktail, SVP, NRS, Commerce, National Retail Solutions, Smokeless tobacco, Sport, Ice cream, Drink, Growth, Stagnation, Retail

NEWARK, N.J., May 07, 2024 (GLOBE NEWSWIRE) -- NRSInsights, a provider of sales data and analytics drawn from retail transactions processed through the National Retail Solutions (NRS) point-of-sale (POS) platform, today announced comparative same-store sales results for April 2024.

Key Points: 
  • NEWARK, N.J., May 07, 2024 (GLOBE NEWSWIRE) -- NRSInsights , a provider of sales data and analytics drawn from retail transactions processed through the National Retail Solutions (NRS) point-of-sale (POS) platform, today announced comparative same-store sales results for April 2024.
  • We are delighted by the enthusiastic reviews we continue to receive from them.”
    (Same-store sales, unit sales, transactions, and average price data throughout this release refer to April 2024 unless otherwise noted.
  • For the three months ended April 30, 2024, same-store sales increased 3.8% compared to the three months ended April 30, 2023.
  • The NRSInsights monthly Same-Store Retail Sales Reports are intended to provide timely topline data reflective of sales at NRS’ network of independent, predominantly urban, retail stores.

Artesian Resources Corporation Announces 2% Increase in Quarterly Common Stock Dividend

Retrieved on: 
Monday, May 6, 2024

NEWARK, Del., May 06, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announces today that its Board of Directors has approved a 2% increase in the quarterly dividend per share on the company’s Class A and Class B Common Stock, raising the annualized dividend to $1.182 per share.

Key Points: 
  • NEWARK, Del., May 06, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announces today that its Board of Directors has approved a 2% increase in the quarterly dividend per share on the company’s Class A and Class B Common Stock, raising the annualized dividend to $1.182 per share.
  • The quarterly dividend rate of $0.2955 per share is payable May 28, 2024 to shareholders of record at the close of business on May 17, 2024.
  • “This is Artesian’s 126th consecutive quarterly dividend paid to shareholders and 28th consecutive year of increased dividends.
  • This record of consistency demonstrates continued success in achieving our long-term strategic objectives of proactively investing in infrastructure and growing our customer base, delivering value to our shareholders,” said Dian C. Taylor, Chair, President and CEO.

Artesian Resources Corporation Reports First Quarter 2024 Results

Retrieved on: 
Monday, May 6, 2024
PFAS, Investment, Depreciation, Water, Transport, Nutrient, Delmarva Peninsula, Rehabilitation, Ageing, Government, Growth, Overalls, Delaware Public Service Commission, Real estate

NEWARK, Del., May 06, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider on the Delmarva Peninsula of water and wastewater services, and a number of other related business services, today announced earnings results for the first quarter of 2024.

Key Points: 
  • NEWARK, Del., May 06, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider on the Delmarva Peninsula of water and wastewater services, and a number of other related business services, today announced earnings results for the first quarter of 2024.
  • Revenues totaled $24.5 million for the three months ended March 31, 2024, $2.0 million, or 9.1%, more than revenues for the three months ended March 31, 2023.
  • Federal and state income tax expense increased $0.4 million, or 28.0%, primarily due to higher pre-tax income in 2024 compared to 2023.
  • “Artesian recently commenced construction of the Sussex Regional Recharge Facility’s (SRRF) wastewater treatment plant in Milton, Delaware.

Join LOBO EV’s Exclusive Live Investor Webinar and Q&A Session on May 8

Retrieved on: 
Monday, May 6, 2024
Q&A, Growth, LOBO

WUXI, China, May 06, 2024 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative electric vehicle manufacturer and seller, is pleased to invite investors to a webinar on May 8, 2024, at 4:15 p.m.

Key Points: 
  • WUXI, China, May 06, 2024 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative electric vehicle manufacturer and seller, is pleased to invite investors to a webinar on May 8, 2024, at 4:15 p.m.
  • The exclusive event, hosted by RedChip Companies, will feature LOBO Board Member Harry Schulman, who will share insight into the Company’s plans to accelerate growth and profitability in 2024 and beyond.
  • A live Q&A session with Schulman will follow the presentation.
  • To register for the free webinar, please visit: https://redchip.zoom.us/webinar/register/WN_V34jRn4eRzKuBQe8kvg3Pw#/regi...
    Questions can be pre-submitted to [email protected] or online during the live event.

LOBO EV Reports Fiscal Year 2023 Results and Sets Stage for Accelerating Growth in 2024

Retrieved on: 
Monday, May 6, 2024
CFO, Solar energy, Transport, IPO, Golf, Food, Canton Fair, Marketing, COVID-19, LOBO, Retail

WUXI, China, May 06, 2024 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative electric vehicle manufacturer and seller, today announced its financial results for the fiscal year ended December 31, 2023.

Key Points: 
  • Net profit margin increased to 6.4% in 2023, up from 6.1% in 2022
    WUXI, China, May 06, 2024 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative electric vehicle manufacturer and seller, today announced its financial results for the fiscal year ended December 31, 2023.
  • This one-time boost in 2022, where we cleared our stocks at wholesale, significantly elevated our revenue base for that year, making the comparison seem more pronounced in 2023.
  • These moves were essential to optimize our inventory and set the stage for sustainable growth going forward.”
    Tong Zhu, CFO of LOBO, stated, “Despite top-line pressures, our net profit margin increased to 6.4% in 2023, up from 6.1% in 2022.
  • This performance reflects not only improvements in operational efficiency but also better inventory management and overhead control.

Newark Native Mohamed Kamara Selected as 158th Draft Pick by the Miami Dolphins

Retrieved on: 
Wednesday, May 1, 2024
NFL, Miami Dolphins, Colorado State University, Central High School, Master, Bachelor, Athlete, National Football League Draft, Human development, CSU, Nursing

His athleticism continued post-graduation when he committed to Colorado State University (CSU) as a 3-star recruit.

Key Points: 
  • His athleticism continued post-graduation when he committed to Colorado State University (CSU) as a 3-star recruit.
  • At CSU, he exceeded expectations, earning the title of Mountain West Defensive Player of the Year.
  • On Saturday, April 27, 2024, his journey reached new heights when he was selected by the Miami Dolphins as the 158th pick in the NFL Draft, a testament to his skill, determination, and passion for the game.
  • "We are ecstatic to witness Mohamed Kamara's ascent in his football career," exclaimed Principal Terri Mitchell.

SOSV's HAX Opens 35,000-SF Global Headquarters in Newark, N.J., to Grow Hard Tech Startups

Retrieved on: 
Wednesday, May 1, 2024
SOSV, Ecosystem, Lithium, Newark Liberty International Airport, City, CNC, Thoroughfare, NJIT, Climate, Health, Commerce, Princeton University, HAX, Wet lab, Partnership, History, University, Engineering, DNA, Rutgers University, Work, HQ, Workforce, Creativity, Port

NEWARK N.J., April 30, 2024 /PRNewswire-PRWeb/ -- Today, the City of Newark announced that SOSV's hard tech startup program HAX has officially opened its 35,000-square-foot global headquarters in Newark. A startup development program run by global venture capital firm SOSV, HAX provides hard tech startups across climate, industrial automation, and health with funding, work and lab space, hands-on engineering and operations support.

Key Points: 
  • Hard tech startup program chose Newark after a worldwide search; plans to invest $25M in 100 companies by 2027
    NEWARK N.J., April 30, 2024 /PRNewswire-PRWeb/ -- Today, the City of Newark announced that SOSV's hard tech startup program HAX has officially opened its 35,000-square-foot global headquarters in Newark.
  • A startup development program run by global venture capital firm SOSV , HAX provides hard tech startups across climate, industrial automation, and health with funding, work and lab space, hands-on engineering and operations support.
  • With the opening of HAX, Newark accelerates its momentum as an emergent global hub for manufacturing and technological breakthroughs.
  • "We are proud to stand alongside HAX and key stakeholders to commemorate the company's official expansion into the city of Newark."

Ultralife Corporation Reports First Quarter Results

Retrieved on: 
Thursday, April 25, 2024
Manna, Ultralife Corporation, Tax, System, Radio, Absorption, GAAP, Growth, EPS, Bookkeeping

Our total backlog exiting the 2024 first quarter was $97.4 million.

Key Points: 
  • Our total backlog exiting the 2024 first quarter was $97.4 million.
  • Gross profit was $11.5 million, or 27.4% of revenue, compared to $7.4 million, or 23.3% of revenue, for the same quarter a year ago.
  • Operating results for the first quarter of 2023 were negatively impacted by the January 25, 2023 cybersecurity attack.
  • See the “Non-GAAP Financial Measures” section of this release for a reconciliation of adjusted EBITDA to net income attributable to Ultralife Corporation and adjusted EPS to EPS.

Genie Energy to Report First Quarter 2024 Results

Retrieved on: 
Wednesday, April 24, 2024
Genie Energy, Result, Judgement, GNE, Analysis, Q&A

NEWARK, NJ, April 24, 2024 (GLOBE NEWSWIRE) -- Genie Energy Ltd., (NYSE: GNE, GNEPRA), a leading retail energy and renewable energy solutions provider, will announce financial and operational results for the first quarter of 2024 on Wednesday, May 8, 2024.

Key Points: 
  • NEWARK, NJ, April 24, 2024 (GLOBE NEWSWIRE) -- Genie Energy Ltd., (NYSE: GNE, GNEPRA), a leading retail energy and renewable energy solutions provider, will announce financial and operational results for the first quarter of 2024 on Wednesday, May 8, 2024.
  • Genie Energy will issue an earnings release over a wire service and post it in the “Investors” section of the Genie Energy website ( https://genie.com/investors/quarterly-earnings/ ) at 7:30 AM Eastern.
  • At 8:30 AM Eastern, Genie Energy’s management will host a conference call to discuss financial and operational results, business outlook, and strategy.
  • In addition, a recording of the call will be available for playback on the “ Investors ” section of the Genie Energy website.