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Radiant aims to ship 2-3 million BLUs for automotive displays in 2021

Radiant Opto-Electronics aims to ship 2-3 million LED backlight units (BLU) for use in automotive dashboards of about 10 inches in 2021, with Europe-based automakers to be main clients, according to industry sources......»»

Category: topSource: digitimesFeb 25th, 2021

Lordstown Motors needs more capital to meet electric truck launch goals

Lordstown Motors said Monday it expects to spend $115 million more than expected in 2021, making it necessary for the company to return to capital markets to raise more money to meet its fall production plans. The Youngstown, Ohio-area manufacturer .....»»

Category: topSource: bizjournalsMay 24th, 2021

Earnings Scheduled For May 24, 2021

  Companies Reporting Before The Bell • Genetron Holdings (NASDAQ:GTH) is expected to report quarterly loss at $0.18 per share on revenue of $14.21 million. read more.....»»

Category: blogSource: benzingaMay 24th, 2021

Edison Opto expects automotive revenues to double in 2021

LED module and packaging service provider Edison Opto expects its sales for automotive applications to double in 2021 from a year earlier, which will help boost its gross margin to 25% in the year......»»

Category: topSource: digitimesMay 23rd, 2021

SYNergy ramping up lithium polymer battery capacity

Taiwan-based SYNnergy ScienTech will ramp up its production capacity for lithium polymer batteries to 4.7 million units a month in the third quarter of 2021 compared to 4.2 million units currently, according to company sources......»»

Category: topSource: digitimesMay 23rd, 2021

CITGO Reports First Quarter 2021 Results

HOUSTON, May 21, 2021 /PRNewswire/ -- CITGO Petroleum Corporation ("CITGO") today reported its first quarter 2021 performance results, including a net loss of $180 million, a.....»»

Category: earningsSource: benzingaMay 23rd, 2021

Here are 19 bankruptcies filed recently in North Texas

Dallas area bankruptcy courts recorded 19 business filings — including 10 with total debt above $1 million — between April 30-May 14. Year to date through May 14, 2021, the court recorded 108 Chapter 7 or Chapter 11 business bankruptcy filings.....»»

Category: topSource: bizjournalsMay 22nd, 2021

TSMC to raise automotive chip production by 60% in 2021, Nikkei reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 21st, 2021

China 5G smartphone shipments to top 100 million units in Jan-May

A total of 91.27 million 5G smartphones were shipped to the China market in the first four months of 2021, according to data from the China Academy of Information and Communications Technology (CAICT)......»»

Category: topSource: digitimesMay 20th, 2021

Barron Hilton"s Bel-Air estate sells for $61.5 million — a 2021 high

Barron Hilton's Bel-Air esta.....»»

Category: topSource: latimesMay 19th, 2021

Vingroup reports staggering growth in 1Q21 earnings

Vietnam-based conglomerate Vingroup has reported net profits of VND2.1 trillion (US$90.84 million) for the first quarter of 2021, up 5-fold on year thanks to strong sales from its real estate, Vinfast automobile and Vsmart smartphone businesses......»»

Category: topSource: digitimesMay 19th, 2021

Car PCB maker Dynamic sees order visibility extended to 3Q21

Automotive PCB specialist Dynamic Electronics has seen clear order visibility through the third quarter of 2021, and expects its gross margins in 2021 to be higher than the best performance recorded in third-quarter 2020......»»

Category: topSource: digitimesMay 19th, 2021

Cannabis Co Ascend Wellness Holdings Reports 22% QoQ Growth In Q1 Revenue, Provides Revenue Guidance For 2021

Vertically integrated cannabis company Ascend Wellness Holdings, Inc. (CSE: AAWH.U) reported Tuesday it had generated $66.1 million in the first quarte.....»»

Category: earningsSource: benzingaMay 19th, 2021

Cannabis Co Ascend Wellness Holdings Reports 22% QoQ Growth In Q1 Revenue, Provides Revenue Guidance For 2021

Vertically integrated cannabis company Ascend Wellness Holdings, Inc. (CSE: AAWH.U) reported Tuesday it had generated $66.1 million in the first quarter of 2021, representing a 21.8% sequential growth. read more.....»»

Category: blogSource: benzingaMay 19th, 2021

King County launches $145M rent assistance program

King County broadened its rental assistance program on Tuesday, launching a $145 million expansion that aims to help those who have fallen behind on monthly rent payments due to hardships caused by the Covid-19 pandemic.  If households have misse.....»»

Category: topSource: bizjournalsMay 19th, 2021

A cyclone in India"s western states has complicated efforts to slow down the COVID-19 spread as cases surpass 25 million

India also suffered its deadliest day from the pandemic on Tuesday with 4,329 deaths recorded over the past 24 hours. People wade through a flooded street due to heavy rain caused by cyclone 'Tauktae' in Mumbai on May 17, 2021......»»

Category: personnelSource: nytMay 18th, 2021

EVmo Announces First Quarter 2021 Results with Record Revenue of $2.3M

10,000 car and van expansion; $200 million revenue at scale with 25% EBITDA margin Company to host conference call t.....»»

Category: earningsSource: benzingaMay 18th, 2021

AWH Announces Q1 2021 Financial Results

Q1 2021 Revenue Increases 21.8% Sequentially to $66.1 Million Adds Five New Dispensaries Since the Beginning of 2021, Including Boston Flagship Location 2021 Revenue Guidance Outlook Issued; .....»»

Category: earningsSource: benzingaMay 18th, 2021

Chicago VC firm 7wireVentures raises $150M fund

Another Chicago venture capital firm has closed a new fund as the city's tech scene looks to continue its hot streak of deals in 2021. 7wireVentures, a health care-focused VC firm, announced it raised $150 million for its latest fund. The new fund fo.....»»

Category: topSource: bizjournalsMay 18th, 2021

Agrify Quarterly Revenue Increased 600% to Record $7 million for Q1 2021

Company raises full year 2021 top revenue guidance to $48-50 MillionRevenue increased 60% sequentially from Q4 2020 to Q1 2021Total sales backlog .....»»

Category: earningsSource: benzingaMay 18th, 2021

Gigabyte posts record 1Q21 profit

Motherboard and graphics card maker Gigabyte Technology saw its net profits hike 150% sequentially to a record high of NT$2.76 billion (US$98.1 million) in the first quarter of 2021, with EPS reaching NT$4.34......»»

Category: topSource: digitimesMay 18th, 2021