Globe Newswire

The board of directors of IDEX Biometrics ASA resolved on 15 May 2024 to issue 40,900 incentive subscription rights to a new individual contractor in the IDEX Biometrics group. The grant was made under the company's 2023 incentive subscription rights plan as resolved at the annual general meeting on 23 May 2023. The exercise price of the subscription rights is NOK 1.80 per share and the SRs vest by 25% per year over four years. The SRs expire on 23 May 2028. Following... (continue reading...)

First Quarter 2024 vs. First Quarter 2023

• Revenue of $19.1 million compared to $22.0 million;
• Gross profit of $3.6 million compared to $4.7 million;
• Gross profit margin of 18.6% compared to 21.2%;
• Net income of $0.2 million compared to $1.0 million;
• Earnings per share of $0.01 compared to $0.08;
• Cash flow used in operations of ($1.0) million compared to $0.9 million provided by cash flow from operations;
• Debt as of March 31, 2024 of $19.1 million compared to $22.1 million as... (continue reading...)

First Quarter Highlights

• Revenue of $258.8 million, down 5.4% year-over-year
• Gross margin of 22.0%, up 1.1% year-over-year
• Interest expense of $21.1M, down 52.3% year-over-year
• SG&A of $40.9M, down 7.9% year-over-year
• Operating profit of $0.1M versus a loss of $6.9 million year-over year
• Net loss of $25.6 million ($24.9 million attributable to Exela Technologies Inc), an improvement of $19.9 million year-over-year
• Adjusted EBITDA of $12.9M, down 11.1% year-over-year

IRVING,... (continue reading...)

TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today reported its unaudited condensed consolidated financial results as of and for the three months ended March 31, 2024. The Company’s... (continue reading...)

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Oslo, 15 May 2024.

Reference is made to the press release from IDEX Biometrics ASA ("IDEX" or the "Company") published earlier today, 15 May 2024,... (continue reading...)