Press Releases

Increased Adoption of Dental Lasers and Improved Cost Structure Position Company for Sustained Long Term Growth and Success

LAKE FOREST, CA / ACCESSWIRE / May 13, 2024 / BIOLASE, Inc. (NASDAQ: BIOL), a leader in dental laser technology, today reported its financial results for the first quarter ended March 31, 2024.

First Quarter Financial Highlights

• Generated increased adoption of its industry-leading laser, with approximately 67% of U.S. Waterlase sales coming from new... (continue reading...)

Total Revenue Increased 54% Sequentially;

GAAP Gross Margin Expanded to 46.4%, Non-GAAP to 66.4%

SAN JOSE, CA / ACCESSWIRE / May 13, 2024 / Peraso Inc. (NASDAQ: PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced financial results for the first quarter ended March 31, 2024.

Management Commentary

"First quarter revenue increased sequentially and was above the midpoint of guidance, driven by... (continue reading...)

NEW YORK, May 13, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (the "Fund"; NYSE: AFB), a registered closed-end investment company, announced today that it intends to commence a private offering of up to $100 million of Variable Rate Demand Preferred Shares ("2024 VRDPS"). The 2024 VRDPS will be offered only to qualified institutional buyers, such as money market funds, as defined pursuant to Rule 144A under the Securities Act of... (continue reading...)

CARMEL, Ind., May 13, 2024 /PRNewswire/ -- Merchants Bancorp (Nasdaq: MBIN) ("Merchants" or the "Company"), a holding company that operates through its wholly owned banking subsidiary, Merchants Bank of Indiana (the "Bank"), announced today that it has launched an underwritten public offering of 2,400,000 shares of its common stock, without par value. The Company intends to grant the underwriters a 30-day right to purchase additional shares of its common stock.

Self-mined 1,057 bitcoin in Q1 2024, an 8.9% increase over Q4 2023, on a total installed hashrate of 8.0 EH/s.

Q1 2024 revenue grows 82.2% over Q4 2023 to $42.4 million.

Q1 2024 Non-GAAP Adjusted EBITDA increases 95.4% over Q4 2023 to $32.0 million.

Paid down approximately $63.6 million of debt so far in 2024, demonstrating the power of low-cost, profitable operations.

On track to reach ~10.2 EH/s in Q3 2024, with plans to grow to ~13.3 EH/s by Q1 2025.

... (continue reading...)