Press Releases

GREENSBORO, N.C., May 01, 2024 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company’s fiscal 2024 fourth quarter ended March 30, 2024.

Strategic Highlights

• Grew quarterly revenue 49% year-over-year and exceeded the mid-point of revenue guidance by $16 million
• Completed acquisition of Anokiwave, a leading supplier of high-performance silicon integrated... (continue reading...)

PARSIPPANY, N.J., May 01, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for first quarter 2024 today.

We ended the quarter with revenues of $2.6 billion, driven by strong travel demand. Net loss was $113 million and our Adjusted EBITDA1 was $12 million.

Our liquidity position at the end of the quarter was approximately $0.7 billion, with an additional $3.8 billion of fleet funding capacity. We have well-laddered... (continue reading...)

• Elevai Labs established two subsidiaries: Elevai Biosciences, Inc., and Elevai Skincare, Inc.
• Elevai Biosciences will focus on acquiring and developing biopharmaceutical technologies with initial focus on the development of EL-22 and EL-32, the lead assets targeting indications associated with obesity.
• Elevai Skincare will continue commercializing exosome skincare technologies for the medical dispensed skincare market.

NEWPORT BEACH, Calif., May 01, 2024 (GLOBE... (continue reading...)

Q1 2024 Revenue of $196 million; above the midpoint of the Guided Range

Q1 Net Cash from Operations of $17 million; above the high end of the Guided Range

ITASCA, Ill.--(BUSINESS WIRE)-- Knowles Corporation (NYSE: KN) ("Knowles" the "Company"), a leading global supplier of high performance components and solutions, including capacitors and radio frequency (“RF”) filters, advanced medtech microphones and balanced armature speakers, and MEMS microphones for... (continue reading...)

Q1’24 revenue of $14.4 million near high end of guidance range

CHANDLER, Ariz.--(BUSINESS WIRE)-- Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the first quarter ended March 31, 2024.

“Our first quarter revenue came in near the high end of our expectations while our GAAP net... (continue reading...)