Day: March 28, 2017

Fenix Parts Files Third Quarter 2016 Form 10-Q, Enters into Forbearance Agreement with Credit Facility Lender, and Engages Stifel, Nicolaus & Co. to Evaluate Strategic Alternatives

Third Quarter 2016 Highlights Net revenues decreased sequentially by 5% to $32.5 million, compared to second quarter 2016 net revenues of $34.2 million, and increased by 1% compared to combined pro forma net revenues for the third quarter of 2015 of $32.2 million The sequential revenue decline resulted primarily from lower scrap metal prices, which declined by more than 20% on average from the second to the third quarter of 2016, and by slightly lower sales of recycled OE parts Gross Profit Margin of 34.3% declined from second quarter of 2016 Gross Profit Margin of 39.4% due to the impact

Ramaco Resources, Inc. Announces Fourth Quarter 2016 and Full Year 2016 Results

LEXINGTON, Ky., March 28, 2017 (GLOBE NEWSWIRE) — Ramaco Resources, Inc. (NASDAQ:METC) (“Ramaco Resources”) today announced fourth quarter 2016 and full year 2016 results that reflect the continued development of its metallurgical coal properties. On February 8, 2017, Ramaco Resources completed its initial public offering (the “Offering”) of 6,000,000 shares of its common stock.  The selling stockholders sold 2,200,000 shares and Ramaco Resources did not receive any proceeds from the sale of those shares. The remaining 3,800,000 shares of common stock that were sold resulted in net proceeds of approximately $43.7 million to Ramaco Resources, after deducting underwriting discounts and commissions and offering

Aptose Reports Fourth Quarter and Year End 2016 Results

SAN DIEGO and TORONTO, March 28, 2017 (GLOBE NEWSWIRE) — Aptose Biosciences Inc. (NASDAQ:APTO) (TSX:APS), a clinical-stage company developing highly differentiated therapeutics that target the underlying mechanisms of cancer, today announced financial results for the three months and fiscal year ended December 31, 2016 and reported on corporate developments. Unless specified otherwise, all amounts are in Canadian dollars. The net loss for the year ended December 31, 2016 was $18.6 million ($1.46 per share) compared with $14.6 million ($1.23 per share) in the year ended December 31, 2015. Total cash and cash equivalents and investments as of December 31, 2016

TPI Composites Expands its Relationship with Gamesa and Signs New Supply Agreement in Turkey

SCOTTSDALE, Ariz., March 28, 2017 (GLOBE NEWSWIRE) — TPI Composites, Inc., (TPI) (Nasdaq:TPIC), the largest U.S.-based independent manufacturer of composite wind blades, announced today that it has entered into a long-term agreement with Gamesa to supply wind blades from its new manufacturing facility in Izmir, Turkey through 2022. TPI has reserved two mold slots and expects to commence manufacturing for Gamesa from one line in early 2018 with the second line under an option agreement through September 30, 2017. “We are pleased that Gamesa has chosen to expand its business relationship with us in Turkey and outsource blade production for

Westmoreland Receives $52 Million Early Repayment of Genesee Mine Receivable

ENGLEWOOD, Colo., March 28, 2017 (GLOBE NEWSWIRE) — Westmoreland Coal Company (Nasdaq:WLB) today announced that Capital Power (TSX:CPX) (“Capital Power”), Westmoreland’s joint-venture partner in the Genesee Mine, has paid Westmoreland $52 million, representing an accelerated repayment of all receivables that would otherwise have been due with respect to capital expenditures during the term of  the joint venture arrangement.  “The early repayment of this receivable is a positive for us. We have the opportunity to deploy this cash strategically as part of our goal to improve liquidity and lower our leverage, and it provides greater protection with respect to the risks

Westmoreland Reports Fourth Quarter and Full Year 2016 Results

Generates Record Adjusted EBITDA and Free Cash Flow Provides 2017 Guidance ENGLEWOOD, Colo., March 28, 2017 (GLOBE NEWSWIRE) — Westmoreland Coal Company (Nasdaq:WLB) today reported its fourth quarter and full year 2016 financial results and provided its 2017 guidance. 2016 Results and Highlights: Fourth Quarter: Revenues of $392.7 million from 15.0 million tons sold Net loss applicable to common shareholders of $7.6 million, or $0.41 per share Record high quarterly adjusted EBITDA of $89.1 million Full Year: Revenues of $1.5 billion from 54.7 million tons sold Net loss applicable to common shareholders of $27.1 million, or $1.47 per share, including

Depomed Announces Cooperation Agreement with Starboard Value LP Including CEO and Board Changes

-Pharmaceutical Veteran Arthur J. Higgins Joins as President, CEO and Director- -Three New Directors Named to Board- -James Fogarty Named New Chairman of the Board- -Q1 2017 Net Sales Estimated to be $95-$100 Million- NEWARK, Calif., March 28, 2017 (GLOBE NEWSWIRE) — Depomed, Inc. (NASDAQ:DEPO) today announced that Arthur J. Higgins has joined the Company as President and Chief Executive Officer and member of the Board of Directors, following the resignation of James Schoeneck as President and Chief Executive Officer and member of the Board of Directors.  Mr. Higgins is a highly respected executive with over 35 years’ experience in

Dave & Buster’s Achieves Fourth Quarter Net Income Growth of Over 19%

Delivers Fourth Quarter Adjusted EBITDA Growth of 16.5% As Comparable Store Sales Increase 3.2% Surpasses $1 Billion Annual Sales Milestone DALLAS, March 28, 2017 (GLOBE NEWSWIRE) — Dave & Buster’s Entertainment, Inc., (NASDAQ:PLAY), (“Dave & Buster’s” or “the Company”), an owner and operator of entertainment and dining venues, today announced financial results for its fourth quarter 2016, which ended on January 29, 2017. The Company also issued its guidance for the full year 2017. Key highlights from the fourth quarter 2016 compared to the fourth quarter 2015 include: Total revenues increased 15.4% to $270.2 million from $234.2 million. Comparable store

Cyclacel Pharmaceuticals Reports Fourth Quarter and Full Year 2016 Financial Results

BERKELEY HEIGHTS, N.J., March 28, 2017 (GLOBE NEWSWIRE) — Cyclacel Pharmaceuticals, Inc. (NASDAQ:CYCC) (NASDAQ:CYCCP) (“Cyclacel” or the “Company”) a biopharmaceutical company developing oral therapies that target the various phases of cell cycle control for the treatment of cancer and other serious disorders, today reported its financial results and business highlights for the fourth quarter and full year ended December 31, 2016. The Company’s net loss applicable to common shareholders for the three months and year ended December 31, 2016 was $2.9 million and $12.0 million, respectively. As of December 31, 2016, cash and cash equivalents totaled $16.5 million. “Following the

SITO Mobile Reports Fourth Quarter and Full Year 2016 Financial Results

Full Year Revenue $29.4 Million, Up 130% Year-Over-Year; Led by Media Placement Revenue of $28.9 Million, Up 138% Year-Over-Year Q4 Revenue $7.5 Million, Up 34% Year-Over-Year; Led by Media Placement Revenue of $7.3 Million, Up 37% Year-Over-Year JERSEY CITY, N.J., March 28, 2017 (GLOBE NEWSWIRE) — SITO Mobile Ltd. (NASDAQ:SITO), a leading mobile engagement platform, today announced its unaudited results for the fourth quarter and full year ended December 31, 2016.  Please note that financial statements have been prepared to reflect the discontinued operations and subsequent sale of SITO Mobile’s SMS (Wireless Applications) business. Fourth Quarter and Full Year 2016 Business

Spine Injury Solutions reports YE 2016 financial results and reminds for conference call 4:20 ET Today

HOUSTON, March 28, 2017 (GLOBE NEWSWIRE) — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, and healthcare solution and financing company servicing the multi-billion dollar spine injury sector, today announces financial results for year ending December 31, 2016 and that it has scheduled an interactive video investor conference call for today, Tuesday, March 28, 2017 at 4:20 p.m. (EDT) to discuss the company’s financial results for YE 2016, its new nationwide affiliate expansion roll-out for its case funding along with the current marketing status of its patented Quad Video HALO™ v.3.0, shareholders Question & Answers will follow. 2016 Highlights

Lam Research Corporation Announces March Quarter Financial Conference Call

FREMONT, Calif., March 28, 2017 (GLOBE NEWSWIRE) — Lam Research Corporation (Nasdaq:LRCX) today announced that the company will host its quarterly financial conference call and webcast on Tuesday, April 18, beginning at 2:00 p.m. Pacific Time. Webcast To access the webcast, visit the Investors section of Lam’s web site at http://www.lamresearch.com and click on the Calendar/Webcasts section to view the details.     Replay Information A webcast replay will be available on the Lam Research web site approximately three hours after the conference call concludes.     Contact Information Lam Research Investor Relations Departmentinvestor.relations@lamresearch.com, 510-572-1615 About Lam Research:Lam Research Corp.

Landec Corporation Agrees to Settle Labor Related Legal Actions and Updates Guidance

MENLO PARK, Calif., March 28, 2017 (GLOBE NEWSWIRE) — Landec Corporation (NASDAQ:LNDC), a leading innovator of diversified health and wellness solutions within the packaged natural food and biomaterial markets, announced today that Apio, Inc., Landec’s food subsidiary (“Apio”), has reached an agreement in principle to settle a variety of claims made against the Company and its labor contractor. Apio has been the target of a union organizing campaign which has included two unsuccessful attempts to unionize Apio’s Guadalupe, California processing plant. The campaign has involved a union and over 100 former and current employees of Pacific Harvest, Inc. and Rancho

Carbonite Announces Proposed Private Offering of $125 Million of Convertible Senior Notes

BOSTON, March 28, 2017 (GLOBE NEWSWIRE) — Carbonite, Inc. (NASDAQ:CARB) (“Carbonite” or the “Company”) announced today that it intends to offer, subject to market and other conditions, $125 million aggregate principal amount of Convertible Senior Notes due 2022 (the “notes”) in a private offering. The notes will be offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Carbonite also expects to grant to the initial purchasers of the notes a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of the notes. Carbonite

Ollie’s Bargain Outlet Holdings, Inc. Announces Fiscal 2016 Fourth Quarter and Full Year Financial Results

HARRISBURG, Pa., March 28, 2017 (GLOBE NEWSWIRE) — Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (“Ollie’s” or the “Company”) today announced financial results for the fourth quarter and full year ended January 28, 2017. Fourth Quarter Summary: Total net sales increased 16.4% to $283.4 million; Comparable store sales increased 2.0%; The Company opened two new stores and ended the year with a total of 234 stores in 19 states, an increase of 15.3% year over year; Operating income increased ­­­­21.8% to $40.6 million; Net income increased 52.0% to $24.4 million and net income per diluted share increased 50.0% to $0.39; Adjusted

Dawn Duran of ASL Communication Named to Head State Task Force

SALT LAKE CITY, March 28, 2017 (GLOBE NEWSWIRE) — Today the Utah Task Force of Services for the Deaf and Hard of Hearing announced that Dawn Duran, SC:L and NIC Advanced interpreter will lead the initiative with the guidance of the Utah Association of the Deaf. “We are thrilled with the appointment and confident that Ms. Duran is the best choice for the role,” said ASL Communication CEO, Crystina Scott.  “She brings incredible experience, compassion, and energy to the challenges and opportunities in the Deaf community and will be a leader in every way, on behalf of the Deaf and

Momentum Telecom Bringing Advanced Solution Offerings to ACA Summit

BIRMINGHAM, Ala., March 28, 2017 (GLOBE NEWSWIRE) — Momentum Telecom, the leading white-label provider of Business Voice, Broadband Management and Support Services for cable operators, will be showcasing their solutions at American Cable Association’s 24th Summit in Washington D.C. on March 28-30. Momentum will be featuring their entire advanced services toolset including their state of the art broadband management application, Broadband Explorer (BBX), and Hosted Voice offering at booth #35. BBX is Momentum’s powerful broadband management tool that aggregates, consolidates and translates data in a way that is accessible and understandable for every level of user. Through a single, integrated

Vacuum Pump Brake Market Pleased With HELLA’s Launch Of Superior Electric Vacuum Pump Braking System – MarketIntelReports

Wilmington, Delaware, United States, March 28, 2017 (GLOBE NEWSWIRE) — The report “Global Vacuum Pump Brake Market by Manufacturers, Countries, Type and Application, Forecast to 2022”, available on MarketIntelReports, estimates that Asia-Pacific’s automotive sector will be a key future growth driver.  Browse numerous Market Tables as well as Figures which are spread through 116 Pages and an in-depth TOC on the “Vacuum Pump Brake Market 2017 – 2022” http://www.marketintelreports.com/report/gir1394/global-vacuum-pump-brake-market-by-manufacturers-countries-type-and-application-forecast-to-2022 Scope & Regional Forecast of the Vacuum Pump Brake Market Vacuum pump brake is a larger diameter vacuum chamber. There is a pusher (or pistons) mounted with a central diaphragm in

Heat Biologics Closes Public Offering of 5,000,000 Shares of Common Stock

DURHAM, N.C., March 28, 2017 (GLOBE NEWSWIRE) — Heat Biologics, Inc. (“Heat”) (Nasdaq:HTBX), a leader in the development of immunotherapies designed to activate a patient’s immune system against cancer, announced the closing of an underwritten public offering of 5,000,000 shares of common stock at a price to the public of $0.80 per share.  The gross proceeds to Heat from this offering are $4.0 million before deducting underwriting discounts and commissions and other estimated offering expenses payable by Heat.  Heat intends to use the net proceeds from this offering to continue to fund its and its subsidiaries’ preclinical and clinical programs,

Pernix Therapeutics Announces Fourth Quarter and Full Year 2016 Financial Results

MORRISTOWN, N.J., March 28, 2017 (GLOBE NEWSWIRE) — Pernix Therapeutics Holdings, Inc. (NASDAQ:PTX) (“Pernix” or the “Company”), a specialty pharmaceutical company, today announced financial results for the three and twelve months ended December 31, 2016. Fourth Quarter and Full-Year 2016 Financial and Product Highlights: On a GAAP basis, fourth quarter 2016 net revenues decreased 27% over the third quarter of 2016, to $30.1 million, and decreased 35% from $46.4 million in the fourth quarter of 2015. • GAAP net revenues of Treximet for the three months and year ended December 31, 2016 were negatively impacted by $15.3 million of disputed rebate