Day: January 26, 2017

Global Snacks Pellets Market will reach USD 7.75 Billion by 2022: Zion Market Research

Sarasota, FL, Jan. 26, 2017 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Snack Pellets Market by Type (Potato, Corn, Rice, Tapioca, Mixed Grains, and Others) by Form (Laminated, Die-face, Tridimensional, Gelatinized and Others.) and by Equipment (Single Screw and Twin Screw Extruders): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, global snacks pellets market was valued at around USD 5.50 billion in 2016 and is expected to generate revenue of around USD 7.75 billion by end of 2022, growing at a CAGR of around 6.00% between 2017 and 2022.  Snack pellets

Qorvo® Joins China Mobile 5G Innovation Center

GREENSBORO, N.C., Jan. 26, 2017 (GLOBE NEWSWIRE) — Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced it is the first RF supplier to join the China Mobile 5G Innovation Center—an alliance created to develop 5G solutions for China, the world’s largest wireless communications market. The China Mobile 5G Innovation Center is driving the development of 5G end-to-end capabilities with partners for applications including self-driving cars, industrial connectivity and virtual reality. According to Strategy Analytics, the number of 5G connections will reach 690 million by 2025, with more than 300 million 5G handsets including

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STRATTEC SECURITY CORPORATION Reports Fiscal 2017 Second Quarter Operating Results

MILWAUKEE, Jan. 26, 2017 (GLOBE NEWSWIRE) — STRATTEC SECURITY CORPORATION (NASDAQ:STRT) today reported operating results for the fiscal second quarter ended January 1, 2017. Net sales for the Company’s fiscal second quarter ended January 1, 2017 were $98.9 million, compared to net sales of $102.5 million for the prior year quarter ended December 27, 2015.  Net income for the current year quarter was $398,000, compared to net income of $3.4 million in the prior year quarter.  Diluted earnings per share for the current year quarter were $0.11 compared to diluted earnings per share of $0.93 in the prior year quarter. 

Riverview Bancorp Earns $2.0 Million in Third Fiscal Quarter; Highlighted by Strong Revenue Growth and Improved Net Interest Margin

VANCOUVER, Wash., Jan. 26, 2017 (GLOBE NEWSWIRE) — Riverview Bancorp, Inc. (Nasdaq:RVSB) (“Riverview” or the “Company”) today reported that earnings increased to $2.0 million, or $0.09 per diluted share, in the third fiscal quarter ended December 31, 2016, compared to $1.7 million, or $0.08 per diluted share, in the third fiscal quarter one year ago. In the preceding quarter, Riverview earned $1.7 million, or $0.07 per diluted share. In the first nine months of fiscal 2017, net income increased to $5.4 million, or $0.24 per diluted share, compared to $5.0 million, or $0.22 per diluted share, in the first nine

Marten Transport Announces Fourth Quarter and Year End Results

MONDOVI, Wis., Jan. 26, 2017 (GLOBE NEWSWIRE) — Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $8.3 million, or 25 cents per diluted share, for the fourth quarter of 2016 compared with $8.8 million, or 26 cents per diluted share, for the fourth quarter of 2015.  Net income was $33.5 million, or $1.02 per diluted share, for the year ended December 31, 2016 compared with $35.7 million, or $1.06 per diluted share, for 2015.  Results for 2015 included a gain on the disposition of facilities of $392,000 for the fourth quarter and $4.1 million for the year.  Net income

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Aviragen Therapeutics to Host Conference Call to Report Second Quarter Fiscal Year 2017 Financial Results on February 2, 2017

ATLANTA, Jan. 26, 2017 (GLOBE NEWSWIRE) — Aviragen Therapeutics, Inc. (NASDAQ:AVIR), a pharmaceutical company that is developing the next generation of antivirals, today announced that management will host a conference call on Thursday, February 2, 2017 at 4:30 p.m. ET to review the Company’s financial results for the three month period ended December 31, 2016 and will provide an update on recent corporate developments. The Company will issue a press release summarizing its financial results the same day, prior to the conference call. In order to participate in the conference call, please dial (877) 312-5422 (domestic) or (253) 237-1122 (international)

Forward Industries Participates in the Government-University-Industry Research Roundtable of The US National Academies of Sciences

WEST PALM BEACH, Fla., Jan. 26, 2017 (GLOBE NEWSWIRE) — Forward Industries (NASDAQ:FORD) announced today its participation in the Government-Universities-Industry Research Roundtable (GUIRR) of the US National Academies of Sciences, Engineering and Medicine.  “Small businesses have a unique voice in the science and technology enterprise,” said Forward Chairman and CEO Terence Wise.  “We are excited to be part of this critical forum.  As we share our perspectives, we look forward to hearing and learning from the diverse views of the participating stakeholders.” GUIRR convenes senior-most representatives from government, universities, and industry to define and explore critical mutual issues related to

Expert on Aging Dr. Brian Chen Joins GWG Holdings to Lead Development of Epigenetic Mortality Prediction Technology for Firm’s Life Insurance Products and Services

MINNEAPOLIS, Jan. 26, 2017 (GLOBE NEWSWIRE) — GWG Holdings, Inc. (Nasdaq:GWGH), a financial services company applying epigenetic technology to transform the life insurance industry, announced it has hired Dr. Brian Chen to lead its new initiative to measure and predict human lifespan.  As Vice President of Research and Analytics, Dr. Chen will be responsible for developing and implementing GWG’s new life insurance underwriting process using “DNA Methylation-Based Predictor of Mortality” technology optioned from the University of California, Los Angeles (UCLA). The technology developed by Dr. Steve Horvath at UCLA will be used by GWG to more accurately assess the life

Heartland Express, Inc. Reports Revenues and Earnings for the Fourth Quarter and Year Ended December 31, 2016

NORTH LIBERTY, Iowa, Jan. 26, 2017 (GLOBE NEWSWIRE) — Heartland Express, Inc. (Nasdaq:HTLD) announced today financial results for the quarter and year ended December 31, 2016.  Three months ended December 31, 2016: Net Income of $13.1 million, Earnings per Share of $0.16, and Operating Revenue of $140.0 million, Operating Ratio of 85.1% and 83.3% Non-GAAP Adjusted Operating Ratio(1). Twelve months ended December 31, 2016: Net Income of $56.4 million, Earnings per Share of $0.68, and Operating Revenue of $612.9 million, Operating Ratio of 86.0% and 84.6% Non-GAAP Adjusted Operating Ratio(1), Cash balance of $128.5 million, a $95.3 million increase since December 31, 2015.

Green Bancorp, Inc. Reports Fourth Quarter and Full Year 2016 Financial Results

2016 Fourth Quarter Highlights Fourth quarter 2016 net income was $2.5 million after recording $9.5 million in provision for loan losses, of which $8.6 million related to energy loans Energy loans stood at $95.5 million at year end 2016, excluding loans held for sale, bringing the total reduction since March 31, 2016 to $181.9 million or 65.5% Total loans increased to $3.1 billion in the fourth quarter 2016, up $50.6 million or 6.6% annualized from the third quarter 2016, driven by strength in commercial and industrial lending Total deposits increased to $3.4 billion in the fourth quarter 2016, up $58.8 million or 7.1% annualized from the third quarter

First Business Reports Fourth Quarter 2016 Profit of $4.0 Million

— Record Trust and Investment Services Fee Income and Strong Net Interest Margin Boost Top Line Revenue — — Efficiency Initiatives Underway, Including Charter Consolidation — MADISON, Wis., Jan. 26, 2017 (GLOBE NEWSWIRE) — First Business Financial Services, Inc. (the “Company” or “First Business”) (NASDAQ:FBIZ), the parent company of First Business Bank, First Business Bank – Milwaukee and Alterra Bank (“Alterra”), today reported fourth quarter 2016 results including earnings growth from the prior quarter fueled by record trust and investment services fee income, strong net interest margin, efficient operating expense management and decreased loan loss provision. The Company’s performance supported

Enterprise Bancorp, Inc. Announces 2016 Net Income, Total Assets, Loan and Deposit Growth of 16%, 11%, 9%, and 16%, Respectively

LOWELL, Mass., Jan. 26, 2017 (GLOBE NEWSWIRE) — Enterprise Bancorp, Inc. (the “Company”) (NASDAQ:EBTC), parent of Enterprise Bank, announced net income for the year ended December 31, 2016 of $18.8 million, an increase of $2.6 million, or 16%, compared to the year ended December 31, 2015. Diluted earnings per share were $1.70 for the year ended December 31, 2016, an increase of 10%, compared to the year ended December 31, 2015. Net income for the three months ended December 31, 2016 amounted to $5.0 million, an increase of $232 thousand, or 5%, compared to the same three-month period in 2015. Diluted earnings per share were

Proofpoint Announces Fourth Quarter and Full Year 2016 Financial Results

Fourth Quarter Highlights Total revenue of $106.8 million, up 43% year-over-year Billings of $138.4 million, up 42% year-over-year GAAP EPS of $(0.54) per share, Non-GAAP EPS of $0.18 per share Generated operating cash flow of $41.2 million and free cash flow of $32.4 million Increasing FY17 billings, revenue, profitability and free cash flow guidance SUNNYVALE, Calif., Jan. 26, 2017 (GLOBE NEWSWIRE) — Proofpoint, Inc. (NASDAQ:PFPT), a leading next-generation security and compliance company, today announced financial results for the fourth quarter and full year ended December 31, 2016. “We were very pleased with our strong fourth quarter results, which capped off

HomeTrust Bancshares, Inc. Reports Financial Results For The Second Fiscal Quarter Of 2017

ASHEVILLE, N.C., Jan. 26, 2017 (GLOBE NEWSWIRE) — HomeTrust Bancshares, Inc. (NASDAQ:HTBI) (“Company”), the holding company of HomeTrust Bank (“Bank”), today announced preliminary net income of $3.0 million for the quarter ended December 31, 2016, a $534,000, or 21.8% increase over net income of $2.5 million for the same period a year ago. The Company’s basic and diluted earnings per share increased to $0.17 for the three months ended December 31, 2016 compared to $0.14 per share for the same period in fiscal 2016. Tangible book value per share increased $0.45, or 2.4% to $19.50 as of December 31, 2016 compared to $19.05

TTM Celebrated the Grand Opening of RF Center of Excellence in Stafford Springs, CT

COSTA MESA, Calif., Jan. 26, 2017 (GLOBE NEWSWIRE) — TTM Technologies, Inc. (Nasdaq:TTMI) celebrated the grand opening of its RF (Radio Frequency) Center of Excellence in Stafford Springs, CT with government officials, TTM leaders, employees and guests participating in a ribbon cutting ceremony. This RF center of excellence in Stafford Springs specializes in RF related PCB products and aims to better support customers from the many end markets we serve, especially Aerospace & Defense. Representatives for US Senators Chris Murphy and Richard Blumenthal and US Congressman Joe Courtney, Connecticut State Senator Tony Guglielmo, Connecticut State Representative Kurt Vail and First

OSI Systems Reports Second Quarter Fiscal 2017 Financial Results

Q2 Revenue of $243 Million (23% increase over prior year) Q2 Earnings Per Diluted Share-GAAP EPS of $0.25 (compared to $0.01 in same prior-year period)-Non-GAAP EPS of $0.68 (63% increase over prior year) HAWTHORNE, Calif., Jan. 26, 2017 (GLOBE NEWSWIRE) — OSI Systems, Inc. (NASDAQ:OSIS) today announced financial results for the quarter ended December 31, 2016.  “Driven by growth in our Security division, we are pleased to announce strong fiscal second quarter results,” said Deepak Chopra, OSI Systems’ Chairman and Chief Executive Officer. “The integration and performance of American Science and Engineering (“AS&E”), which was acquired during our fiscal first

Mad Catz® Receives a Listing Deficiency Letter From the NYSE MKT

SAN DIEGO, Jan. 26, 2017 (GLOBE NEWSWIRE) — Mad Catz Interactive, Inc. (the “Company”) (NYSE MKT:MCZ), today announced that on January 20, 2017, it received notice from the NYSE MKT LLC (the “NYSE MKT”) pursuant to Section 1003(f)(v) of the NYSE MKT’s Company Guide that, due to the Company’s current low selling share price, the Company’s continued listing on the NYSE MKT is contingent upon the Company effecting a share consolidation or otherwise demonstrating a sustained improvement in its share price within the next six months.  However, if the Company determines to remedy the non-compliance by taking action that will

Charter Financial Announces First Quarter Fiscal 2017 Earnings of $5.0 Million

CBS acquisition positively impacts first-quarter results Basic and diluted EPS of $0.36 and $0.33 for the quarter Year over year increase of $3.0 million in net interest income Nonperforming assets at 0.27% of total assets at December 31, 2016 Tangible book value per share of $11.52 at December 31, 2016 WEST POINT, Ga., Jan. 26, 2017 (GLOBE NEWSWIRE) — Charter Financial Corporation (the “Company”) (NASDAQ:CHFN) today reported net income of $5.0 million for the quarter ended December 31, 2016, or $0.36 and $0.33 per basic and diluted share, respectively, compared with net income of $4.6 million, or $0.31 and $0.30 per basic and diluted share,

Sphere 3D Announces Private Placement of Over U.S. $5 Million of Equity Securities

SAN JOSE, Calif., Jan. 26, 2017 (GLOBE NEWSWIRE) — Sphere 3D Corp.  (NASDAQ:ANY) (the “Company”), a containerization, virtualization, and data management solutions provider, has completed a private placement for gross proceeds of U.S. $5.07 million. The Company issued a total of 16,906,666 “Units,” as further defined below, at a purchase price of U.S. $0.30 per Unit. Each Unit consists of one common share and one warrant from each of two series of warrants.  The first series of warrants is exercisable to purchase 16,906,666 common shares in the aggregate and has an exercise price of U.S. $0.40 per share, a one-year

Key Technology Announces Fiscal 2017 First Quarter Financial Results

WALLA WALLA, Wash., Jan. 26, 2017 (GLOBE NEWSWIRE) — Key Technology, Inc. (NASDAQ:KTEC) announced today sales and operating results for its fiscal 2017 first quarter, ended December 31, 2016. First Quarter OverviewNet sales for the three months ended December 31, 2016 totaled $27.4 million, compared to $24.8 million recorded in the corresponding quarter last year.  The Company reported a net earnings for the quarter of $15,000, or $0.00 per diluted share, compared to a net loss of $1.7 million, or $0.27 per diluted share, in the same period a year ago. The gross profit for the first quarter of fiscal 2017 was