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NGEx Minerals Reports Q1 2022 Results

VANCOUVER, BC, May 19, 2022 /CNW/ - NGEx Minerals Ltd. (TSXV:NGEX) ("NGEx Minerals" "NGEx" or the "Company") is pleased to report its results for the three months ended March 31, 2022. View PDF. Q1 2022 HIGHLIGHTS Drilling at Los Helados (Region III, Chile) confirms continuity of high-grade mineralization within gaps in the previous drill pattern and confirms extension of high-grade core; and Initial 8-hole drill campaign at Valle Ancho (Catamarca Province, Argentina) discovers a new copper-gold porphyry system and expands near-surface oxide gold zone. Commenting on the results Wojtek Wodzicki, President and CEO stated, "The initial results from the ongoing brownfield drill program at Los Helados have confirmed continuity of the high-grade core of the deposit and extension of this high-grade material in multiple areas. Infilling the high-grade zone and testing areas for potential extension are critical first steps for unlocking value at Los Helados as the Company moves towards refining its geological model and ultimately evaluating alternate development and mine planning strategies. We also completed our first greenfield drill campaign at the Valle Ancho copper-gold project in Catamarca Province, Argentina during the first quarter. The resulting discovery of a near-surface copper-gold porphyry system and expansion of a separate oxide gold zone have demonstrated the prospectivity that exists at this large and underexplored land package. It has been an exciting start to the year, and we look forward to building on these successes." 2022 Los Helados Drill Program Delivers Continuity and Extension of High-grade Mineralization The 2022 drill program at Los Helados copper-gold project is currently ongoing with three rigs and is anticipated to continue until mid-June, coinciding with the onset of winter weather in South America. The program is designed to further define and potentially extend the high-grade core of the Los Helados deposit, which is defined by a 0.7% copper equivalent ("CuEq") grade shell within the current Mineral Resource model. The program also includes holes to test targets where geological and geophysical modelling suggests potential for satellite high-grade zones. To date seven holes have been completed, with an additional three currently underway. The Company has received and released assay results for its first three completed holes of the 2022 campaign, the highlights of which are summarized as follows: LHDH073 infilling a 180m gap between previously completed holes and confirming continuity of the strong mineralization within the deposit's high-grade core (see News Release dated April 26, 2022); LHDH074 infilling an area where spacing between previous holes was between 170m and 270m and adding high-grade mineralization above and below the 0.7% CuEq grade shell (see News Release dated May 16, 2022); and LHDH075 extending the high-grade zone to the south (see News Release dated May 16, 2022). Hole-ID From (m) To  (m) Length (m) Cu (%) Au (g/t) Ag (g/t) CuEq1 (%) LHDH073 124.0 1,000.0 876.0 0.56 0.28 2.1 0.74 incl. 216.0 912.0 696.0 0.60 0.31 2.2 0.80 incl. 314.0 524.0 210.0 0.76 0.45 2.8 1.06 LHDH074 42.0 1,058.3 1,016.3 0.45 0.31 1.9 0.65 incl. 136.0 890.0 754.0 0.52 0.30 2.0 0.71 and incl. 210.0 504.0 294.0 0.60 0.41 2.1 0.87 and incl. 606.0 746.0 140.0 0.64 0.29 2.5 0.83 and incl. 816.0 890.0 74.0 0.58 0.25 2.5 0.74 LHDH075 14.0 922.0 908.0 0.39 0.24 1.3 0.55 incl. 88.0 652.0 564.0 0.47 0.29 1.4 0.65 incl. 222.0 602.0 380.0 0.51 0.31 1.6 0.70 incl. 222.0 378.0 156.0 0.59 0.42 1.7 0.86 1 CuEq for drill intersections is calculated based on US$ 3.50/lb Cu, US$ 1,700/oz Au and US$ 20/oz Ag, with metallurgical recoveries of 88% for copper, 76% for gold and 60% for silver based on a comprehensive programof metallurgical testwork. The formula is: CuEq % = Cu % + (0.6117 * Au g/t) + (0.0057 * Ag g/t). Intersections of the high-grade zone by these holes are respectively represented by the 696m interval commencing at 216m for LHDH073, the 754m interval commencing at 136m for LHDH074, and the 380m interval starting at 222m for LHDH075. The results from the first three holes of the 2022 program continue to validate the Company's improved understanding of the deposit's geology, and provide valuable information for the Company to further refine its understanding of the controls on the higher grades at Los Helados and highlight areas for potential further extension thereof. The following is a summary of the other completed holes for which assays are pending, and the holes currently in progress: Hole Status Objectives LHDH076 Completed To test the gap between the main high-grade zone and thewestern zone of the deposit and to test potential extension of the western zone. LHDH077 Completed To test ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGA36 min. ago Related News

KADESTONE CAPITAL CORP. REPORTS Q1 2022 FINANCIAL RESULTS

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/  VANCOUVER, BC  , May 19, 2022 /CNW/ - Kadestone Capital Corp. ("Kadestone" or the "Company") (TSXV: KDSX) (OTCB: KDCCF), a vertically integrated property company today announced its financial results for the three months ended March 31, 2022. "We are excited about our progress so far this year at identifying additional investment opportunities. We expect to see the results of our efforts later in 2022, as we continue to believe that real estate projects in the Vancouver region will benefit from the Kadestone platform," said Brent Billey, the Company's CEO. Financial Results The Company recorded a net loss for the three months ended.....»»

Category: earningsSource: BENZINGA4 hr. 3 min. ago Related News

Dorian LPG Ltd. Provides Update for Fourth Quarter 2022 and Announces the Completion of a Japanese Financing Transaction and Fourth Quarter and Full Year 2022 Earnings and Conference Call Date

STAMFORD, Conn., May 19, 2022 /PRNewswire/ -- Dorian LPG Ltd. (NYSE:LPG) (the "Company" or "Dorian LPG"), today updated its financial and operational outlook for the quarter ended March 31, 2022. The Company plans to issue a press release on Thursday, May 26, 2022 prior to the market open, announcing its financial results for the quarter and year ended March 31, 2022. Earnings Conference Call A conference call to discuss the results will be held on Thursday, May 26, 2022 at 10:00 a.m. ET. The conference call can be accessed live by dialing 1-877-407-9716, or for international callers, 1-201-493-6779, and requesting to be joined into the Dorian LPG call. A live webcast of the conference call will also be available under the investor section at www.dorianlpg.com. A replay will be available at 1:00 p.m. ET the same day and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 13730154. The replay will be available until June 2, 2022, at 11:59 p.m. ET. Outlook for the Quarter Ended March 31, 2022 The following unaudited financial data for the quarter ended March 31, 2022, is preliminary and based on information available to the Company at this time. The financial data has been prepared by and is the responsibility of the Company's management and does not present all information necessary for an understanding of the Company's financial condition as of March 31, 2022, and its results of operations for the three months ended March 31, 2022. Based on information available to the Company at this time, the Company expects that for the quarter ending March 31, 2022: Time charter equivalent (1) revenues to be between $77,500,000 — $79,500,000 Vessel operating expenses (including drydock-related expenses) to be between $16,300,000 — $18,300,000 Charter hire expenses $5,300,000 — $5,500,000 General and administrative expenses (Including stock-based compensation and certain cash bonuses) $6,500,000 — $7,500,000 Calendar days       1,845 Time chartered-in days.....»»

Category: earningsSource: BENZINGA5 hr. 17 min. ago Related News

Why Flowers Foods Shares Are Gaining Afterhours

Flowers Foods, Inc. (NYSE: FLO) reported first-quarter sales growth of 10.3% year-over-year to $1.436 billion, beating the consensus of $1.40 billion. Branded retail sales increased 11% Y/Y to $956.1 million, store-branded retail $173.6 million (+6.9% Y/Y), while non-retail and other sales increased 10.2% Y/Y to $306.2 million. Adjusted EPS was $0.44, above the consensus of $0.39. Adjusted EBITDA increased 2.4% Y/Y to $165.5 million, and the margin ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGA5 hr. 17 min. ago Related News

Advantex Announces Fiscal 2022 Third Quarter Results

TORONTO, May 19, 2022 /CNW/ - Advantex Marketing International Inc. (CSE:ADX) ("Advantex"), a leader in the merchant cash advance and loyalty marketing products for merchants, announced its results for three and nine months ended March 31, 2022. Highlights of financial results for three and nine months ended March 31, 2022 compared to the corresponding periods in the previous year are as follows: Three months ended March 31 Nine months ended March 31 March 2022 March 2021 Inc./(Dec) March 2022 March 2021 Inc./(Dec) $ $ $ $ $ $ Revenues $        452,103 $        240,651 $        211,452 $    1,192,596 $        939,349 $        253,247 Direct expenses Costs of loyalty rewards, and marketing  in connection with Advantex's merchant based loyalty program $          83,286 $          55,284 $          28,002 $        296,402 $        239,134 $         57,268 Expense for provision against delinquent accounts, credit/collection expense $               652 $            1,978 $           (1,326) $            6,575 $          74,720 $        (68,145) Gross profit $        368,165 $        183,389 $        184,776 $        889,619 $        625,495 $       264,124 Selling and General & Administrative expenses $        419,553 $        498,872 $         (79,319) $     1,330,324 $     1,391,583 $        (61,259) Federal Covid wage and rent subsidies $         (29,632) $       (132,585) $       (102,953) $       (139,753) $       (385,086) $      (245,333) (Loss) from operations before depreciation, amortization and interest $         (21,756) $       (182,898) $       (161,142) $       (300,952) $       (381,002) $        (80,050) Stated interest expense - loan payable, and 9% non convertible debentures payable $        338,629 $        205,250 $        133,379 $        906,277 $        677,215 $       229,062 (Loss) from operations before depreciation, amortization, non cash interest and non cash items $       (360,385) $       (388,148) $         (27,763) $    (1,207,229) $    (1,058,217) $       149,012 Interest - Lease $            1,201 $            3,090 $           (1,889) $            5,065 $          10,582 $          (5,517) Interest expense - Accretion charges,  restructuring bonus and amortization of transaction costs related to 9% non convertible debentures payable $        199,920 $        132,141 $          67,779 $        588,405 $        449,793 $       138,612 Depreciation of right of use asset $                    - $          11,372 $         (11,372) $                    - $          34,118 $        (34,118) Net (loss) and comprehensive (loss) $       (561,507) $      (534,751) $          26,756 $   (1,800,699) $   (1,552,710) $       247,989 Fuller details available in the Consolidated Financial Statements and MD&A available under Advantex's profile on www.sedar.com   The above tabulation is a non-GAAP presentation and is provided to assist readers in understanding Advantex's financial performance. The information is extracted from consolidated financial statements for three and nine months ended March 31, 2022. About Advantex: Advantex provides working capital to merchants. Advantex also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants. Advantex shares trade on the Canadian Securities Exchange under the symbol ADX. For more information go to Advantex's profile on www.sedar.com   Advantex Marketing International Inc.Consolidated Statements of Financial Position (unaudited)(expressed in Canadian dollars) Note March 31,2022 June 30,2021 $ $ Assets Current assets Cash  $                  93,593 $                   82,606 Accounts receivable 49,955 93,090 Transaction credits  5 4,492,442 1,726,663 Prepaid expenses and sundry assets 41,590 43,675 $             4,677,580 $             1,946,034 Total assets $             4,677,580 $             1,946,034 Liabilities Current liabilities Loan payable  6 $             4,833,893 $             2,387,439 Lease liability 15 31,489 71,910 Loan 16 60,000 60,000 Accounts payable and accrued liabilities 2,645,760 2,731,158 9% non convertible debentures payable 7 6,472,274 - $           14,043,416 $             5,250,507.....»»

Category: earningsSource: BENZINGA5 hr. 17 min. ago Related News

Palo Alto Networks Reports Fiscal Third Quarter 2022 Financial Results

Fiscal third quarter revenue grew 29% year over year to $1.4 billion Fiscal third quarter billings grew 40% year over year to $1.8 billion Remaining performance obligation grew 40% year over year to $6.9 billion SANTA CLARA, Calif., May 19, 2022 /PRNewswire/ -- Palo Alto Networks (NASDAQ:PANW), the global cybersecurity leader, announced today financial results for its fiscal third quarter 2022, ended April 30, 2022. Total revenue for the fiscal third quarter 2022 grew 29% year over year to $1.4 billion, compared with total revenue of $1.1 billion for the fiscal third quarter 2021. GAAP net loss for the fiscal third quarter 2022 was $73.2 million, or $0.74 per diluted share, compared with GAAP net loss of $145.1 million, or $1.50 per diluted share, for the fiscal third quarter 2021. Non-GAAP net income for the fiscal third quarter 2022 was $193.1 million, or $1.79 per diluted share, compared with non-GAAP net income of $139.5 million, or $1.38 per diluted share, for the fiscal third quarter 2021. A reconciliation between GAAP and non-GAAP information is contained in the tables below. "We saw strong top-line growth in Q3, which is a testament to our teams' consistent execution in capitalizing on the strong cybersecurity demand trends," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "On the back of this strength across our portfolio, we are again raising our guidance for the year across revenue, billings and earnings per share." "Our drive to deliver strong total shareholder return in Q3 was headlined by our revenue growth, while we also balanced operating margin expansion and free cash flow conversion," said Dipak Golechha, chief financial officer of Palo Alto Networks. "We look forward to continuing this balance as we close out the year and look to FY23." Financial Outlook Palo Alto Networks provides guidance based on current market conditions and expectations. For the fiscal fourth quarter 2022, we expect: Total billings in the range of $2.32 billion to $2.35 billion, representing year over year growth of between 24% and 26%. Total revenue in the range of $1.53 billion to $1.55 billion, representing year over year growth of between 25% and 27%. Diluted non-GAAP net income per share in the range of $2.26 to $2.29, using 106 million to 108 million shares outstanding. For the fiscal year 2022, we are broadly raising guidance and expect: Total billings in the range of $7.106 billion to $7.136 billion, representing year over year growth of between 30% and 31%. Total revenue in the range of $5.481 billion to $5.501 billion, representing year over year growth of approximately 29%. Diluted non-GAAP net income per share in the range of $7.43 to $7.46, using 106 million to 107 million shares. Adjusted free cash flow margin in the range of 32% to 33%. Guidance for non-GAAP financial measures excludes share-based compensation-related charges (including share-based payroll tax expense), acquisition-related costs, amortization expense of acquired intangible assets, litigation-related charges, including legal settlements,  non-cash charges related to convertible notes, and related foreign currency gains (losses) and income and other tax effects associated with these items, along with certain non-recurring expenses and certain non-recurring cash flows. We have not reconciled diluted non-GAAP net income per share guidance to GAAP net income (loss) per diluted share or adjusted free cash flow margin guidance to GAAP net cash from operating activities because we do not provide guidance on GAAP net income (loss) or net cash from operating activities and would not be able to present the various reconciling cash and non-cash items between GAAP and non-GAAP financial measures because certain items that impact these measures are uncertain or out of our control, or cannot be reasonably predicted, including share-based compensation expense, without unreasonable effort. The actual amounts of such reconciling items will have a significant impact on the company's GAAP net income (loss) per diluted share and GAAP net cash from operating activities. Earnings Call Information Palo Alto Networks will host a video webcast for analysts and investors to discuss the company's fiscal third quarter 2022 results as well as the outlook for its fiscal fourth quarter 2022 today at 4:30 p.m. Eastern time/1:30 p.m. Pacific time. Open to the public, investors may access the webcast, supplemental financial information and earnings slides from the "Investors" section of the company's website at investors.paloaltonetworks.com. A replay will be available three hours after the conclusion of the webcast and archived for one year. Forward-Looking Statements This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding our ability to balance future revenue growth with operating margin expansion and free cash flow, and our financial outlook for the fiscal fourth quarter 2022 and fiscal year 2022. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: developments and changes in general market, political, economic, and business conditions; the duration and global impact of COVID-19; risks associated with managing our growth; risks associated with new products and subscription and support offerings, including the discovery of software bugs; shifts in priorities or delays in the development or release of new subscription offerings, or the failure to timely develop and achieve market acceptance of new products and subscriptions as well as existing products and subscription and support offerings; rapidly evolving technological developments in the market for security products and subscription and support offerings; our customers' purchasing decisions and the length of sales cycles; our competition; our ability to attract and retain new customers; our ability as an organization to acquire and integrate other companies, products, or technologies in a successful manner; the effects of supply chain constraints and the global chip and component shortages and other factors affecting the manufacture, delivery, and cost of certain of our products; our ability to obtain adequate supply of our products from our third-party manufacturing partners; our debt repayment obligations; and our share repurchase program, which may not be fully consummated or enhance shareholder value, and any share repurchases which could affect the price of our common stock. Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Quarterly Report on Form 10-Q filed with the SEC on February 22, 2022, which is available on our website at investors.paloaltonetworks.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. Non-GAAP Financial Measures and Other Key Metrics Palo Alto Networks has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). The company uses these non-GAAP financial measures and other key metrics internally in analyzing its financial results and believes that the use of these non-GAAP financial measures and key metrics are useful to investors as an additional tool to evaluate ongoing operating results and trends, and in comparing the company's financial results with other companies in its industry, many of which present similar non-GAAP financial measures or key metrics. The presentation of these non-GAAP financial measures and key metrics are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with the company's consolidated financial statements prepared in accordance with GAAP. A reconciliation of the company's historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations. Non-GAAP net income and net income per share, diluted. Palo Alto Networks defines non-GAAP net income as net income (loss) plus share-based compensation-related charges, including share-based payroll tax expense, acquisition-related costs, amortization expense of acquired intangible assets, litigation-related charges, including legal settlements, gains (losses) related to facility exit, and non-cash charges related to convertible notes. The company also excludes from non-GAAP net income the foreign currency gains (losses) and tax effects associated with these items in order to provide a complete picture of the company's recurring core business operating results. The company defines non-GAAP net income per share, diluted, as non-GAAP net income divided by the weighted-average diluted shares outstanding, which includes the potentially dilutive effect of the company's employee equity incentive plan awards and the company's convertible senior notes outstanding and related warrants, after giving effect to the anti-dilutive impact of the company's note hedge agreements, which reduces the potential economic dilution that otherwise would occur upon conversion of the company's convertible senior notes. Under GAAP, the anti-dilutive impact of the note hedge is not reflected in diluted shares outstanding. The company believes that excluding these items from non-GAAP net income and net income per share, diluted, provides management and investors with greater visibility into the underlying performance of the company's core business operating results, meaning its operating performance excluding these items and, from time to time, other discrete charges that are infrequent in nature, over multiple periods. Billings. Palo Alto Networks defines billings as total revenue plus the change in total deferred revenue, net of acquired deferred revenue, during the period. The company considers billings to be a key metric used by management to manage the company's business and believes billings provides investors with an important indicator of the health and visibility of the company's business because it includes subscription and support revenue, which is recognized ratably over the contractual service period, and product revenue, which is recognized at the time of shipment, provided that all other conditions for revenue recognition have been met. The company considers billings to be a useful metric for management and investors, particularly if sales of subscriptions continue to increase and the company experiences strong renewal rates for subscriptions and support. Investors are cautioned that there are a number of limitations associated with the use of non-GAAP financial measures and key metrics as analytical tools. In particular, the billings metric reported by the company includes amounts that have not yet been recognized as revenue. Additionally, many of the adjustments to the company's GAAP financial measures reflect the exclusion of items that are recurring and will be reflected in the company's financial results for the foreseeable future, such as share-based compensation, which is an important part of Palo Alto Networks employees' compensation and impacts their performance. Furthermore, these non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP, and the components that Palo Alto Networks excludes in its calculation of non-GAAP financial measures may differ from the components that its peer companies exclude when they report their non-GAAP results of operations. Palo Alto Networks compensates for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures. In the future, the company may also exclude non-recurring expenses and other expenses that do not reflect the company's core business operating results. About Palo Alto Networks Palo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate. Our mission is to be the cybersecurity partner of choice, protecting our digital way of life. We help address the world's greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration. By delivering an integrated platform and empowering a growing ecosystem of partners, we are at the forefront of protecting tens of thousands of organizations across clouds, networks, and mobile devices. Our vision is a world where each day is safer and more secure than the one before. For more information, visit www.paloaltonetworks.com. Palo Alto Networks and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.   Palo Alto Networks, Inc. Preliminary Condensed Consolidated Statements of Operations (In millions, except per share data) (Unaudited) Three Months Ended Nine Months Ended April 30, April 30, 2022 2021 2022 2021.....»»

Category: earningsSource: BENZINGA5 hr. 51 min. ago Related News

DECKERS BRANDS REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2022 FINANCIAL RESULTS

FY 2022 REVENUE OF $3.150 BILLION, UP 24% VS. FY 2021; UP 48% VS. FY 2020 FY 2022 EARNINGS PER SHARE OF $16.26, UP 21% VS. FY 2021; UP 69% VS. FY 2020 GUIDES FY 2023 REVENUE GROWTH OF 10-11%; EPS RANGE OF $17.40-$18.25 GOLETA, Calif., May 19, 2022 /PRNewswire/ -- Deckers Brands (NYSE:DECK), a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, today announced financial results for the fourth quarter and full fiscal year ended March 31, 2022. The Company also provided its financial outlook for the full fiscal year ending March 31, 2023. "Fiscal year 2022 was another record year for Deckers, as we delivered both revenue and earnings per share growth above twenty percent," said Dave Powers, President and Chief Executive Officer. "Over the last two years, our portfolio of brands has added more than one billion dollars of revenue, while making progress towards key long-term strategies, and maintaining top-tier levels of profitability, despite navigating unprecedented disruption across the global supply chain. I am incredibly proud of our performance over the last couple of years, but with the power of our brands and our people, I am even more excited about the opportunities ahead." Fourth Quarter Fiscal 2022 Financial Review (Compared to the Same Period Last Year)  Net sales increased 31.2% to $736.0 million compared to $561.2 million. On a constant currency basis, net sales increased 31.7%. Channel Wholesale net sales increased 37.6% to $448.8 million compared to $326.1 million. Direct-to-Consumer (DTC) net sales increased 22.2% to $287.2 million compared to $235.1 million. Comparable DTC net sales increased 19.3%. Geography Domestic net sales increased 37.4% to $521.0 million compared to $379.2 million. International net sales increased 18.2% to $215.1 million compared to $181.9 million. Gross margin was 48.7% compared to 53.2%.  Selling, general, and administrative (SG&A) expenses were $277.4 million compared to $244.0 million. Operating income was $81.3 million compared to $54.6 million. Diluted earnings per share was $2.51 compared to $1.18. Fourth Quarter Fiscal 2022 Brand Summary (Compared to the Same Period Last Year) UGG® brand net sales increased 24.7% to $374.6 million compared to $300.5 million. HOKA® brand net sales increased 59.7% to $283.5 million compared to $177.5 million. Teva® brand net sales decreased 8.8% to $54.8 million compared to $60.2 million. Sanuk® brand net sales decreased 1.7% to $11.9 million compared to $12.1 million. Other brands, primarily composed of Koolaburra®, net sales increased 2.4% to $11.2 million compared to $10.9 million. Full Fiscal Year 2022 Financial Review (Compared to the Same Period Last Year)  Net sales increased 23.8% to $3.150 billion compared to $2.546 billion. On a constant currency basis, net sales increased 23.2%. Channel Wholesale net sales increased 31.0% to $1.937 billion compared to $1.479 billion. DTC net sales increased 13.8% to $1.214 billion compared to $1.067 billion. Due to the meaningful disruption of our retail store base for closures during the prior fiscal year, we are not reporting a comparable DTC sales metric for the fiscal year ended March 31, 2022. Geography Domestic net sales increased 23.1% to $2.168 billion compared to $1.761 billion. International net sales increased 25.3% to $982.5 million compared to $784.2 million. Gross margin was 51.0% compared to 54.0%.  SG&A expenses were $1.043 billion compared to $869.9 million. Operating income was $564.7 million compared to $504.2 million. Diluted earnings per share was $16.26 compared to $13.47. Full Fiscal Year 2022 Brand Summary (Compared to the Same Period Last Year)  UGG® brand net sales increased 15.4% to $1.982 billion compared to $1.717 billion. HOKA® brand net sales increased 56.1% to $891.6 million compared to $571.2 million. Teva® brand net sales increased 17.3% to $162.7 million compared to $138.8 million. Sanuk® brand net sales increased 3.0% to $43.1 million compared to $41.8 million. Other brands net sales decreased 7.5% to $70.9 million compared to $76.7 million. Balance Sheet (March 31, 2022 as compared to March 31, 2021)  Cash and cash equivalents were $843.5 million compared to $1.089 billion.  Inventories, which include amounts in-transit, were $506.8 million compared to $278.2 million. The Company had no outstanding borrowings. Stock Repurchase Program During the fourth quarter, the Company repurchased approximately 308 thousand shares of its common stock for a total of $90.0 million at an average price paid per share of $292.51. During full fiscal year 2022, the Company repurchased approximately 1.044 million shares of its common stock for a total of $356.7 million at an average price paid per share of $341.77. As of March 31, 2022, the Company had $454.0 million remaining under its stock repurchase authorization. "We have delivered two consecutive years of exceptional revenue growth, with accelerating increases over the prior year of 23.8% and 19.4%, for fiscal years 2022 and 2021, respectively," said Steve Fasching, Chief Financial Officer. "Despite facing significant incremental costs related to supply chain disruption, our teams were able to nimbly respond to these changing market dynamics to manage costs and deliver an operating margin of 17.9% in fiscal year 2022, at the top end of our original guidance range. With our in-demand brands, flexible operating model, and strong balance sheet, Deckers is well positioned to drive continued top-line growth and high levels of profitability." Full Fiscal Year 2023 Outlook for the Twelve Month Period Ending March 31, 2023 The Company's full fiscal year 2023 outlook is forward-looking in nature, reflecting our expectations as of May 19, 2022, and is subject to significant risks and uncertainties that limit our ability to accurately forecast results. This outlook assumes no meaningful changes to the Company's business prospects or risks and uncertainties identified by management that could impact future results, which include but are not limited to: the impact of the COVID-19 pandemic on our business and operations, including supply chain disruptions, constraints and related expenses; labor shortages; changes in economic conditions, inflationary pressures, consumer confidence and discretionary spending; and geopolitical tensions. Net sales are expected to be in the range of $3.45 billion to $3.50 billion. Gross margin is expected to be approximately 51.5%. SG&A expenses as a percentage of sales are projected to be approximately 34%. Operating margin is expected to be in the range of 17.5% to 18.0%. Effective tax rate is expected to be approximately 22% to 23%. Diluted earnings per share is expected to be in the range of $17.40 to $18.25. The earnings per share guidance does not assume any impact from additional share repurchases. Non-GAAP Financial Measures In certain instances the Company may present financial measures that were not prepared in accordance with generally accepted accounting principles in the United States (non-GAAP financial measures), including constant currency, to provide information that may assist investors in understanding its financial results and assessing its prospects for future performance. The Company believes these non-GAAP financial measures are important indicators of its operating performance because they exclude items that are unrelated to, and may not be indicative of, its core operating results. The non-GAAP financial measures presented by the Company may ...Full story available on Benzinga.com.....»»

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ThermoGenesis Holdings Announces Financial Results for the First Quarter Ended March 31, 2022 and Provides Corporate Update

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FLOWERS FOODS, INC. REPORTS FIRST QUARTER 2022 RESULTS

THOMASVILLE, Ga., May 19, 2022 /PRNewswire/ -- Flowers Foods, Inc. (NYSE:FLO), producer of Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Tastykake, and other bakery foods, today reported financial results for the company's 16-week first quarter ended April 23, 2022. First Quarter Summary: Compared to the prior year first quarter where applicable Sales increased 10.3% to a quarter-record $1.436 billion. Net income increased 19.4% to $85.6 million. Adjusted net income increased 6.3% to $93.1 million. Adjusted EBITDA(1) increased 2.4% to a quarter-record $165.5 million, representing 11.5% of sales, a 90-basis point decrease. Diluted EPS increased $0.06 to $0.40. Adjusted diluted EPS(1) increased $0.03 to a quarter-record $0.44.  (1) Adjusted for items affecting comparability. See reconciliations of non-GAAP measures in the financial statements following this release.   CEO's Remarks: "We delivered another quarter of record results, reflecting outstanding top line growth and disciplined execution on costs," said Ryals McMullian, president and CEO of Flowers Foods. "Focused implementation of our portfolio strategy drove market share gains for our leading brands, as consumers continued to gravitate to these differentiated products despite widespread inflation. To sustain this robust momentum, we intend to invest in marketing and advertising, introduce new and innovative products, and expand production capacity. "We are adjusting our outlook for fiscal 2022 to account for improved pricing, higher-than-expected inflation, and supply chain disruptions," he continued. "To mitigate resource shortages and volatile commodity prices, which increased beyond our initial expectations, we continue to execute on efficiency initiatives and we have implemented a price increase that will become effective in the second quarter. The resulting price lag, combined with the supply chain disruptions, is expected to impact EPS by a total of five cents in the second and third quarters. We are encouraged by the strong underlying fundamentals of our business, and our industry-leading team remains dedicated to enhancing long-term shareholder value." For the 52-week Fiscal 2022, the Company Expects: Sales in the range of approximately $4.764 billion to $4.850 billion, representing an increase of approximately 10.0% to 12.0% compared to the prior year period. Prior guidance called for sales of $4.660 billion to $4.695 billion, representing an increase of approximately 7.6% to 8.4% compared to the prior year period. Adjusted EPS(1) in the range of approximately $1.20 to $1.30, compared to prior guidance of $1.25 to $1.35. The company's outlook is based on the following assumptions: Depreciation and amortization in the range of $135 million to $145 million Net interest expense of approximately $7 million An effective tax rate in the range of 24.0% to 24.5% Weighted average diluted share count for the year of approximately 213.5 million shares Capital expenditures in the range of $150 million to $160 million, with $60 million to $70 million related to our ERP upgrade   Matters Affecting Comparability: Reconciliation of Earnings per Share to Adjusted Earnings per Share For the 16-Week Period Ended For the 16-Week Period Ended April 23, 2022 April 24, 2021 Net income per diluted common share $ 0.40 $ 0.34 Loss on inferior ingredients — NM Business process improvement consulting costs 0.03 0.02 Impairment of assets NM — Loss on extinguishment of debt — 0.06 Adjusted net income per diluted common share $ 0.44 $ 0.41 NM - not meaningful. Certain amounts may not add due to rounding.   Consolidated First Quarter Operating Highlights Compared to the prior year first quarter where applicable Sales increased 10.3% to $1.436 billion, surpassing the previous record first quarter results in 2020 that were influenced by the pandemic. Percentage point change in sales attributed to: Pricing/mix: 13.5% Volume: -3.2% Branded retail sales increased $94.4 million or 11.0% to $956.1 million, store branded retail sales increased $11.1 million or 6.9% to $173.6 million, while non-retail and other sales increased $28.2 million or 10.2% to $306.2 million. Branded retail sales increased primarily due to higher prices intended to offset inflationary pressures, and improved promotional efficiency, partially offset by volume declines in branded cake items partly due to supply constraints. Store branded retail sales increased primarily due to higher prices intended to offset inflationary pressures, partially offset by volume declines as consumer purchasing continued to shift to branded retail products. Non-retail and other sales increased primarily due to higher prices intended to offset inflationary pressures, partially offset by volume declines in fast food and co-manufactured items, supply chain disruptions, and targeted sales rationalization to improve profitability. Materials, supplies, labor, and other production costs (exclusive of depreciation and amortization) were 50.5% of sales, a 110-basis point increase. These costs increased as a percentage of sales due to higher ingredient and packaging costs, partly offset by higher sales and reduced outside purchases. Selling, distribution and administrative (SD&A) expenses were 38.6% of sales, a 10-basis point increase, impacted by incremental consulting costs and transportation cost inflation, largely offset by favorable price/mix, lower workforce-related costs, and increased scrap dough income. Excluding matters affecting comparability, adjusted SD&A expenses were 38.0% of sales, a 20-basis point decrease from the prior year period. Depreciation and amortization (D&A) expenses were $43.4 million, or 3.0% of sales, a 20-basis point decrease. Net income increased 19.4% to $85.6 million. Adjusted net income increased 6.3% to $93.1 million, helped by a discrete tax benefit and lower interest expense. Adjusted EBITDA increased 2.4% to a quarter-record $165.5 million, representing 11.5% of sales, a 90-basis point decrease. Cash Flow, Capital Allocation, and Capital Return For the first quarter of fiscal 2022, cash flow from operating activities increased by $26.2 million to $124.2 million, capital expenditures increased $23.2 million to $50.5 million, and dividends paid to shareholders increased $4.2 million to $46.7 million. Cash and cash equivalents were $205.1 million at the end of the first quarter of fiscal 2022. There are 5.4 million shares that remain authorized for repurchase under the company's current share repurchase plan. The company expects to continue to execute share repurchases from time to time under this plan. Pre-Recorded Management Remarks and Question and Answer Webcast In conjunction with this release, pre-recorded management remarks and a supporting slide presentation will be posted to the Flowers Foods website. The company will host a live question and answer webcast at 8:30 a.m. (Eastern) on May 20, 2022. The pre-recorded remarks and the webcast can be accessed at flowersfoods.com/investors, where it will be archived. About Flowers Foods Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE:FLO) is one of the largest producers of packaged bakery foods in the United States with 2021 sales of $4.3 billion. Flowers operates bakeries across the country that produce a wide range of bakery products. Among the company's top brands are Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, and Tastykake. Learn more at www.flowersfoods.com. FLO-CORP   FLO-IR Forward-Looking Statements Statements contained in this filing and certain other written or oral statements made from time to time by Flowers Foods, Inc. (the "company", "Flowers Foods", "Flowers", "us", "we", or "our") and its representatives that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to current expectations regarding our future financial condition and results of operations and the ultimate impact of the novel strain of coronavirus ("COVID-19") on our business, results of operations and financial condition and are often identified by the use of words and phrases such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will," "would," "is likely to," "is expected to" or "will continue," or the negative of these terms or other comparable terminology. These forward-looking statements are based upon assumptions we believe are reasonable. Forward-looking statements are based on current information and are subject to risks and uncertainties that could cause our actual results to differ materially from those projected. Certain factors that may cause actual results, performance, liquidity, and achievements to differ materially from those projected are discussed in our Annual Report on Form 10-K (the "Form 10-K") and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission ("SEC') and may include, but are not limited to, (a) unexpected changes in any of the following: (1) general economic and business conditions; (2) the competitive setting in which we operate, including advertising or promotional strategies by us or our competitors, as well as changes in consumer demand; (3) interest rates and other terms available to us on our borrowings; (4) supply chain conditions and any related impact on energy and raw materials costs and availability and hedging counter-party risks; (5) relationships with or increased costs related to our employees and third-party service providers; (6) laws and regulations (including environmental and health-related issues); and (7) accounting standards or tax rates in the markets in which we operate, (b) the ultimate impact of the COVID-19 pandemic and future responses and/or measures taken in response thereto, including, but not limited to, new and emerging variants of the virus and the efficacy and distribution of vaccines, which are highly uncertain and are difficult to predict, (c) our ability to manage the demand, supply and operational challenges with the actual or perceived effects of the COVID-19 pandemic; (d) the loss or financial instability of any significant customer(s), including as a result of product recalls or safety concerns related to our products, (e) changes in consumer behavior, trends and preferences, including health and whole grain trends, and the movement toward more inexpensive store branded products, (f) the level of success we achieve in developing and introducing new products and entering new markets, (g) our ability to implement new technology and customer requirements as required, (h) our ability to operate existing, and any new, manufacturing lines according to schedule, (i) our ability to implement and achieve our environmental, social, and governance ("ESG") goals in accordance with suppliers, regulations, and customers; (j) our ability to execute our business strategies which may involve, among other things, (1) the ability to realize the intended benefits of planned or contemplated acquisitions, dispositions or joint ventures, (2) the deployment of new systems (e.g., our enterprise resource planning ("ERP") system), distribution channels and technology, and (3) an enhanced organizational structure, (k) consolidation within the baking industry and related industries, (l) changes in pricing, customer and consumer reaction to pricing actions (including decreased volumes), and the pricing environment among competitors within the industry, (m) our ability to adjust pricing to offset, or partially offset, inflationary pressure on the cost of our products; (n) disruptions in our direct-store-delivery distribution model, including litigation or an adverse ruling by a court or regulatory or governmental body, or other regulatory developments, that could affect the independent contractor classifications of the independent distributor partners, (n) increasing legal complexity and legal proceedings that we are or may become subject to, (p) labor shortages and turnover or increases in employee and employee-related costs, (q) the credit, business, and legal risks associated with independent distributor partners and customers, which operate in the highly competitive retail food and foodservice industries, (r) any business disruptions due to political instability, pandemics, armed hostilities (including the ongoing conflict between Russia and Ukraine), incidents of terrorism, natural disasters, labor strikes or work stoppages, technological breakdowns, product contamination, product recalls or safety concerns related to our products, or the responses to or repercussions from any of these or similar events or conditions and our ability to insure against such events, (s) the failure of our information technology ("IT") systems to perform adequately, including any interruptions, intrusions, cyber-attacks or security breaches of such systems or risks associated with the planned implementation of the upgrade of our ERP system; and (t) the potential impact of climate change on the company, including physical and transition risks, higher regulatory and compliance costs, reputational risks, and availability of capital on attractive terms. The foregoing list of important factors does not include all such factors, nor necessarily present them in order of importance. In addition, you should consult other disclosures made by the company (such as in our other filings with the SEC or in company press releases) for other factors that may cause actual results to differ materially from those projected by the company. Refer to Part I, Item 1A., Risk Factors, of the Form 10-K, Part II, Item 1A., Risk Factors of the Form 10-Q for the quarter ended April 23, 2022 and subsequent filing with the SEC for additional information regarding factors that could affect the company's results of operations, financial condition and liquidity. We caution you not to place undue reliance on forward-looking statements, as they speak only as of the date made and are inherently uncertain. The company undertakes no obligation to publicly revise or update such statements, except as required by law. You are advised, however, to consult any further public disclosures by the company (such as in our filings with the SEC or in company press releases) on related subjects. Information Regarding Non-GAAP Financial Measures The company prepares its consolidated financial statements in accordance with U.S. Generally Accepted Accounting Principles (GAAP). However, from time to time, the company may present in its public statements, press releases and SEC filings, non-GAAP financial measures such as, EBITDA, adjusted EBITDA, EBITDA margin, adjusted EBITDA margin, adjusted net income, adjusted EPS, adjusted income tax expense, adjusted selling, distribution and administrative expenses (SD&A), gross margin excluding depreciation and amortization, free cash flow, and the ratio of net debt to adjusted EBITDA. The reconciliations attached provide reconciliations of the non-GAAP measures used in this presentation or release to the most comparable GAAP financial measure. The company's definitions of these non-GAAP measures may differ from similarly titled measures used by others. These non-GAAP measures should be considered supplemental to, and not a substitute for, financial information prepared in accordance with GAAP. The company defines EBITDA as earnings before interest, taxes, depreciation and amortization. Earnings are net income. The company believes that EBITDA is a useful tool for managing the operations of its business and is an indicator of the company's ability to incur and service indebtedness and generate free cash flow. EBITDA is used as the primary performance measure in the company's 2014 Omnibus Equity and Incentive Compensation Plan. Furthermore, pursuant to the terms of our credit facility, EBITDA is used to determine the company's compliance with certain financial covenants. The company also believes that EBITDA measures are commonly reported and widely used by investors and other interested parties as measures of a company's operating performance and debt servicing ability because EBITDA measures assist in comparing performance on a consistent basis without regard to depreciation or amortization, which can vary significantly depending upon accounting methods and non-operating factors (such as historical cost). EBITDA is also a widely-accepted financial indicator of a company's ability to incur and service indebtedness. EBITDA should not be considered an alternative to (a) income from operations or net income (loss) as a measure of operating performance; (b) cash flows provided by operating, investing and financing activities (as determined in accordance with GAAP) as a measure of the company's ability to meet its cash needs; or (c) any other indicator of performance or liquidity that has been determined in accordance with GAAP. The company defines adjusted EBITDA, EBITDA margin, adjusted EBITDA margin, adjusted net income, adjusted diluted EPS, adjusted income tax expense and adjusted SD&A, respectively, excluding the impact of asset impairment charges, Project Centennial consulting costs, business process improvement costs, lease terminations, legal settlements, acquisition-related costs, and pension plan settlements. The company believes that these measures, when considered together with its GAAP financial results, provides management and investors with a more complete understanding of its business operating results, including underlying trends, by excluding the effects of certain charges. The company defines free cash flow as operating cash flow minus capital expenditures. The company believes that free cash flow provides investors a better understanding of the company's liquidity position. The company defines net debt as total debt less cash and cash equivalents. Net debt to EBITDA is used as a measure of financial leverage employed by the company. Gross margin excluding depreciation and amortization is used as a performance measure to provide additional transparent information regarding our results of operations on a consolidated and segment basis. Changes in depreciation and amortization are separately discussed and include depreciation and amortization for materials, supplies, labor and other production costs and operating activities. Presentation of gross margin includes depreciation and amortization in the materials, supplies, labor and other production costs according to GAAP. Our method of presenting gross margin excludes the depreciation and amortization components, as discussed above. The reconciliations attached provide reconciliations of the non-GAAP measures used in this presentation or release to the most comparable GAAP financial measure.   Flowers Foods, Inc.  Condensed Consolidated Balance Sheets (000's omitted) April 23, 2022 January 1, 2022 Assets      Cash and cash equivalents $ 205,147 $ 185,871      Other current assets 586,276 531,154      Property, plant and equipment, net 816,466 798,728      Right-of-use leases, net 294,111.....»»

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Globant Reports 2022 First Quarter Financial Results

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Why Palo Alto Networks Stock Is Surging After Hours

Palo Alto Networks Inc (NASDAQ: PANW) shares are trading higher in Thursday's after-hours session after the company reported better-than-expected financial results and raised guidance. Palo Alto said fiscal third-quarter revenue grew 29% year-over-year to $1.39 billion, which beat the $1.36-billion estimate, according to data from Benzinga Pro. The cybersecurity company reported quarterly earnings of $1.79 per share, which ...Full story available on Benzinga.com.....»»

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Why Applied Materials Stock Is Sliding After Hours

Applied Materials Inc (NASDAQ: AMAT) shares are trading lower in Thursday's after-hours session after the company reported worse-than-expected financial results and issued earnings guidance below analyst estimates. Applied Materials said fiscal second-quarter revenue increased 12% year-over-year to $6.25 billion, which came in below the $6.37-billion ...Full story available on Benzinga.com.....»»

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Why Ross Stores Shares Are Plummeting After Hours - Provides Dismal Outlook Like Other Retailers

Ross Stores, Inc. (NASDAQ: ROST) reported a first-quarter sales decline of 4.1% year-over-year to $4.33 billion, missing the consensus of $4.53 billion. Comparable store sales declined 7% compared to a robust 13% gain in 1Q21 versus 2019. EPS of $0.97, below the consensus of $1. The operating margin was 10.8%, down from 14.2% in 1Q21, reflecting the deleveraging effect from the same-store sales decline combined with ongoing headwinds from higher freight and wage costs. Ross Stores' cash ...Full story available on Benzinga.com.....»»

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INTOUCH INSIGHT LTD. ANNOUNCES 63% REVENUE GROWTH FOR Q1 AND INCREASES 2022 GUIDANCE TO 50% GROWTH

OTTAWA, ON, May 19, 2022 /CNW/ - Intouch Insight Ltd, ("Intouch" or "the Company") (TSXV:INX) (OTCQX:INXSF) a leader in customer experience measurement solutions, today announced its operating and financial results for the quarter ended March 31, 2022. Revenue from Q1 2022 was $5,244,316, which was 63% higher than revenue of $3,209,074 in Q1 2021 due to ongoing recovery from the COVID-19 pandemic, new business, and the acquisition of SeeLevel HX in Q4, 2021. Loss from operating activities was $93,999 in Q1 2022 compared to a loss from operating activities of $261,108 in Q1 2021. The quarter's net loss was $266,439 compared to a loss of $140,135 in Q1 2021, driven by the increased value of the contingent consideration payable related to the SeeLevel acquisition as the 2022 revenue outlook improved. Company-defined adjusted EBITDA was $191,688 for Q1 2022, compared to $238,169 in Q1 2021. Gross Margin decreased to 52.4% in Q1 2022 from 52.7% in Q1 2021 due to the shift in sales mix. "We are pleased with the first quarter results which reflect the rapid growth and scaling underway to deliver on existing contracts as well as preparing for future growth. In 2022, we expect  to deliver over 50% revenue growth through leveraging the recent acquisition, delivering on new projects from existing clients, increasing new client acquisition, and continuing SaaS revenue growth," said Cameron Watt, President & Chief Executive Officer of the Company. "Intouch continues to illustrate its health and stability. Coming out of two years of pandemic we are maintaining focus on our key operations while exploring areas for new revenue growth such as the new data capture project. We continue to make regular improvements to our technological capabilities to ensure we are able to not only retain existing client relationships, but be in a position to secure additional contract ...Full story available on Benzinga.com.....»»

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Pampa Energía Informs the Market that it has Filed its Annual Report on Form 20-F for the Fiscal Year Ended December 31, 2021

BUENOS AIRES, Argentina, May 19, 2022 /PRNewswire/ -- Pampa Energía S.A. (NYSE:PAM, Buenos Aires Stock Exchange: PAMP)) ('Pampa' or the 'Company'), the largest independent energy integrated company in Argentina, with participation in the electricity and gas value chain, announces that on April 29, 2022 it has filed its annual report on Form 20-F for the fiscal year ended.....»»

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Banco BBVA Argentina S.A. announces First Quarter 2022 results

BUENOS AIRES, Argentina, May 19, 2022 /PRNewswire/ -- Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) ("BBVA Argentina" or "BBVA" or "the Bank") announced today its consolidated results for the first quarter (1Q22), ended on March 31, 2022.  As of January 1, 2020, the Bank started to inform its inflation adjusted results pursuant to IAS 29 reporting. To facilitate comparison, figures of comparable quarters of 2021 and 2022 have been updated according to IAS 29 reporting to reflect the accumulated effect of inflation adjustment for each period up to March 31, 2022. 1Q22 Highlights BBVA Argentina's inflation adjusted net income in 1Q22 was $4.0 billion, 27.1% lower than the $5.5 billion reported on the fourth quarter of 2021 (4Q21), and 12.3% lower than the $4.6 billion reported on the first quarter of 2021 (1Q21). In 1Q22, BBVA Argentina posted an inflation adjusted average return on assets (ROAA) of 1.4% and an inflation adjusted average return on equity (ROAE) of 9.0%. In terms of activity, total consolidated financing to the private sector in 1Q22 totaled.....»»

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Deckers Outdoor Shares Jump After Solid Q4 Results

Deckers Outdoor Corp (NYSE: DECK) reported fourth-quarter net sales growth of 31.2% year-over-year to $736 million, +31.7% on a constant currency basis, beating the consensus of $639.20 million. Wholesale net sales increased 37.6% Y/Y to $448.8 million, and Direct-to-Consumer increased 22.2% Y/Y to $287.2 million. Comparable DTC net sales increased 19.3% Y/Y. Sales by brands: UGG $374.6 million (+24.7% Y/Y), HOKA $283.5 million (+59.7% Y/Y), Teva $54.8 million (-8.8% Y/Y), Sanuk 1.7% to ...Full story available on Benzinga.com.....»»

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LMP Automotive Holdings, Inc. Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of its Quarterly Report on Form 10-Q for the First Quarter of 2022

FORT LAUDERDALE, FL, May 19, 2022 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced it received a notification of deficiency from Nasdaq related to the delayed filing of its Quarterly Report on Form 10-Q for the first quarter of 2022. On May 19, 2022, it received a standard notice from Nasdaq indicating that, as a result of not having timely filed its Quarterly Report on Form 10-Q for the period ended March 31, 2022, the Company remains in non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission. As announced on April 20, 2022, the Company had previously received a notice from Nasdaq indicating that as a result of not having timely filed its Annual Report on Form 10-K for the period ended December 31, 2021, it was not in compliance with Nasdaq Listing Rule 5250(c)(1). The Nasdaq notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. The notice provides that the Company must submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1). If the plan is accepted by Nasdaq, then Nasdaq can grant the Company up to 180 calendar days from the due date of the Form 10-K, or October 17, 2022, to regain compliance. The Company intends on ...Full story available on Benzinga.com.....»»

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LMP Automotive Holdings, Inc. Announces it Will Restate Previously Issued Financial Statements as of and For Each of the First Three Quarterly Periods in 2021

FORT LAUDERDALE, FL, May 19, 2022 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX) ("LMP" or the "Company"), an e-commerce and facilities-based automotive retailer in the United States, today announced that it plans to restate previously issued financial statements as of and for each of the first three quarterly periods in 2021 to correct certain accounting items. On May 16, 2022, management of LMP Automotive Holdings, Inc. and the audit committee of the Company's board of directors concluded that the Company's previously issued condensed consolidated financial statements as of and for the quarters ended March 31, 2021, June 30, 2021, and September 30, 2021 are required to be restated and should no longer be relied upon primarily due to the following errors: (i) the improper identification and elimination of intercompany transactions, (ii) incorrect estimates of chargeback reserves for finance and insurance products, and (iii) certain financial statement misclassifications impacting various balance sheet and income statement financial statement captions in the Relevant Periods. The aggregate effects are currently estimated to be the following: An approximate decrease in total revenues and total cost of sales as follows: $10 to $15 million for the nine months ended September 30, 2021 $4 to $8 million for the six months ended June 30, 2021 $500 thousand to $1 million for the three months ended March 31, 2021 Gross profit and net income for the Relevant Periods are not expected to be materially impacted. Certain balance sheet captions for certain of the Relevant Periods, including accounts payable, other non-current liabilities, and other current assets, are expected to be materially impacted. Total assets and total liabilities for the Relevant Periods are not expected to be materially impacted.  The expected changes do not affect compliance with the financial covenants contained in the Company's outstanding ...Full story available on Benzinga.com.....»»

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Amcomri Reports Increase in Revenues, Gross Margin and Net Income for the First Quarter of Fiscal 2022

Revenues increased 81.5% year-over-year to $4.2 million Gross margin improved to 80.2% from 69.0% in Q1 2021 Net income after accounting for the cost associated with the reverse takeover of Appreciated Media totaled $0.8 million compared to $0.5 million in same period of 2021 EBITDA grew 38.1% year-over-year to $1.3 million Completed reverse takeover of Appreciated Media and the acquisition of Silentpoint VANCOUVER, British Columbia, May 19, 2022 (GLOBE NEWSWIRE) -- Amcomri Entertainment Inc. ("Amcomri" or the "Company") (NEO: AMEN) (OTC:AMNNF) (Frankfurt: 25YO), a global producer and distributor of independent movies, TV series and documentaries, announced today financial results for the first quarter ended March 31, 2022. All dollar amounts are in Canadian dollars unless otherwise stated. "We're delighted with our strong financial performance in our first quarter as a publicly traded company following the reverse takeover of Appreciated Media," said Robert Price, Chief Executive Officer of Amcomri. "Revenue, gross margin and profitability increased substantially in the first quarter of 2022 based on operational excellence across all four business areas including in-house productions, content libraries, production finance and global distribution channels. These first-quarter results also reflect that we're on the right path with our diversified growth strategy with the recent acquisition of Silentpoint Limited (renamed Amcomri Productions Limited) adding approximately 400 titles to our UK distribution library. As a result, we're brimming with excitement at this year's Marché du Film, Cannes Film Festival, where we're showcasing an extensive slate of 12 new titles, of which four have been fully financed and produced and will be released by Amcomri in 2022." "We're particularly pleased with our gross margin climbing above 80% in the first quarter on the strength of higher margins achieved from TV and movie rights acquisitions and sales," said Larry Howard, Chief Financial Officer of Amcomri. "A high-margin and low overhead business model aligned with excellent standards of service for our production partners is what separates Amcomri from many other players in this competitive industry." Selected Financial Information The following table sets out selected historical financial information for Amcomri for the first quarter ended March 31, 2022. Such information is derived from and should be read in conjunction with the consolidated financial statements of Amcomri for the first quarter of 2022, which have been filed under the Company's profile on SEDAR at www.sedar.com.   For the first quarter ended March 31(1)   2022 2021 Revenue $4,165,183   $2,295,159   Gross Margin $3,339,686   $1,583,411     80.2%  .....»»

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