Tag: COST

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Huntington Ingalls Industries Selected To Perform Overhaul Work On USS Ramage (DDG 61)

PASCAGOULA, Miss., Sept. 14, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division has been awarded a $14 million base contract to perform an extended selected restricted availability on the Arleigh Burke-class (DDG 51) destroyer USS Ramage (DDG 61). With all options exercised, the total contract value would be $21.4 million. USS Ramage was originally built at Ingalls and delivered to the U.S. Navy in 1995. “Ingalls has a longstanding tradition in the overhaul/modernization business,” said Ingalls Shipbuilding President Brian Cuccias. “We are pleased with the Navy’s confidence in us to perform this work on DDG 61. It

DNB Financial Corporation Receives All Required Approvals to Acquire East River Bank

DOWNINGTOWN, Pa., Sept. 14, 2016 (GLOBE NEWSWIRE) — DNB Financial Corporation (“DNB”) (NASDAQ:DNBF), the parent company of DNB First, National Association, today announced that it has obtained all required approvals necessary for DNB to consummate its acquisition of East River Bank, Philadelphia, Pennsylvania (“East River”). Approvals included DNB and East River shareholder approvals, and regulatory approval from the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Pennsylvania Department of Banking. When the combination of the two organizations is completed, DNB will have approximately $1.1 billion in assets, $764 million in

Nevada Gold & Casinos Reports First Quarter 2017 Financial Results

LAS VEGAS, Sept. 14, 2016 (GLOBE NEWSWIRE) — Nevada Gold & Casinos, Inc. (NYSE MKT:UWN) today announced financial results for the first quarter ended July 31, 2016. For the first quarter of fiscal 2017, the company reported net revenues of $18.3 million compared to $15.9 million in the first quarter of fiscal 2016. Operating expenses were $18.2 million compared to $15.2 million in the prior year period.  Operating income was $0.1 million compared to $0.8 million and net loss was $0.1 million, or $0.01 loss per share, compared to net income of $0.5 million, or $0.03 per share, in the

Student Transportation Inc. Reports Fourth Quarter & Fiscal Year 2016 Results

BARRIE, Ontario, Sept. 14, 2016 (GLOBE NEWSWIRE) — Student Transportation Inc. (TSX:STB) (NASDAQ:STB) (“STI” or “the Company”) today announced financial results for the fourth quarter and fiscal year ended June 30, 2016. All financial results are reported in U.S. dollars except as otherwise noted. “We were very pleased with our strong performance and solid results in fiscal 2016 which were in line with our internal objectives and we are well-positioned for continued improvements in fiscal 2017,” said Denis J. Gallagher, STI Chairman and CEO. “Our year-end results reflect the positive impact of our fuel management and early stage returns from strategic

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Aspen Group Reports 62% Increase in Revenue for First Quarter Fiscal 2017, Gross Margin Increases 1,500 Basis Points

NEW YORK, Sept. 14, 2016 (GLOBE NEWSWIRE) — Aspen Group, Inc. (OTCQB:ASPU) (“Aspen”), a nationally accredited online post-secondary education company (Aspen University), today announced financial results for its 2017 fiscal first quarter ended July 31, 2016. The Company will host a conference call to discuss its financial results on Wednesday, September 14, 2016, at 5:00 p.m. (ET).  “Aspen just recorded its highest enrollment quarter in the company’s history, all during our seasonally slowest summer period, which is a testament to the strength of our ‘pay-as-you-go,’ debtless education business model.  Our conversion rate increased to a record 11.2% in the quarter

Apigee Announces Fourth Quarter and Fiscal 2016 Results

SAN JOSE, Calif., Sept. 14, 2016 (GLOBE NEWSWIRE) — Apigee® (NASDAQ:APIC), the API company, today announced financial results for its fourth quarter and fiscal year ended July 31, 2016. Fiscal Year 2016 For FY 16, Apigee reported total revenue of $92.0 million, up 34% compared to $68.6 million in FY 15.  Apigee reported FY 16 product revenue (defined as license revenue plus subscription and support revenue) of $75.3 million, up 46% compared to $51.6 million in FY 15. Apigee reported FY 16 GAAP gross margin of 70.1%, up from 63.6% in FY 15, and non-GAAP gross margin of 71.8% compared to

Builders FirstSource, Inc. Announces Modified Dutch Auction Tender Offer for 10.75% Senior Notes Due 2023

DALLAS, Sept. 14, 2016 (GLOBE NEWSWIRE) — Builders FirstSource, Inc. (the “Company”) (Nasdaq:BLDR), a leading supplier and manufacturer of structural and related building products for residential new construction and home repair and remodeling in the United States, today announced the commencement of a cash tender offer to purchase (the “Tender Offer”) up to $50,000,000 aggregate principal amount of its 10.75% Senior Notes due 2023 (CUSIP Nos. 12008R AH0 (144A) and U08985 AD2 (Reg S)) (the “Notes”) at a purchase price per $1,000 principal amount determined in accordance with a modified Dutch auction procedure on the terms and subject to the

Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2017 Results

MITCHEL FIELD, N.Y., Sept. 14, 2016 (GLOBE NEWSWIRE) — Frequency Electronics, Inc. (NASDAQ:FEIM) reported revenues for the first quarter of fiscal 2017, which ended July 31, 2016, of $12.7 million as compared to $16.7 million in the same quarter of fiscal 2016.  The Company recorded operating loss of $796,000 for the quarter ended July 31, 2016, compared to an operating profit of $941,000 in the first quarter of fiscal 2016.  Net loss for the first quarter of fiscal 2017 was $706,000 or ($0.08) per diluted share compared to net income of $891,000 or $0.10 per diluted share for the first

U.S. Global Investors Reports Financial Results for Fiscal Year 2016

San Antonio, TX, Sept. 14, 2016 (GLOBE NEWSWIRE) — For Immediate Release U.S. Global Investors Reports Financial Results for Fiscal Year 2016 Continuing Dividends and Share Repurchase Program ************************************************************************ SAN ANTONIO-September 14, 2016 –U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique registered investment advisory firm with longstanding experience in global markets and specialized sectors, today reported a net loss of $3.7 million, or $(0.24) per share, on operating revenues of $5.5 million for the fiscal year ended June 30, 2016. For the fiscal year 2015, U.S. Global Investors recorded a net loss of $4.0 million, or $(0.26) per share, on

First-of-Its-Kind Hackathon Bridges Gap Between Tech and Commercial Real Estate Industries

CHICAGO, Sept. 14, 2016 (GLOBE NEWSWIRE) — Transwestern today announces it held CREforge, a first-of-its-kind commercial real estate hackathon, which is a competitive event that challenges the technology world to find new solutions to everyday problems. On Aug. 26-28, Houston-based Transwestern introduced four companies in the commercial real estate sector to numerous designers, coders and software developers, who developed innovative solutions to the challenges posed by each business. Some of the solutions explored include: Using augmented reality to project 3D building renderings onto everything from tabletops to land sites, allowing clients to see a 360-degree view of a project before

Educational Development Corporation Announces Record Net Revenue for the Month of August 2016

TULSA, Okla., Sept. 14, 2016 (GLOBE NEWSWIRE) — Educational Development Corporation (“EDC”) (NASDAQ:EDUC) (http://www.edcpub.com) today reported historic record net revenues for the month of August 2016 (unaudited). Randall White, CEO of Educational Development Corporation, announced that the Company achieved record net revenues of $10.0 million for the month of August compared to $5.0 million for August last year.  The Company was led by the direct sales division, Usborne Books & More (“UBAM”), with net revenues of $9.1 million compared to $3.9 million last August. UBAM continues to attract new sales associates, which now total just under 25,000, compared to 8,500

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Virco Reports Second Quarter Results

Revenue flat for the quarter but down 2% through six months Gross margin steady at 39%; operating income down 5% due to slightly higher G&A “August as the New September”?  Revenue through August (inclusive of full summer shipping season) up 1% YOY TORRANCE, Calif., Sept. 14, 2016 (GLOBE NEWSWIRE) — Virco (Nasdaq:VIRC) today announced second quarter and YTD financial results for the period ended July 31, 2016.  The Company also provided preliminary revenue figures for the month of August 2016, which from a technical reporting standpoint falls within the Company’s third quarter concluding October 31, 2016.  Because August is part

PHOTO RELEASE–Huntington Ingalls Industries Selected To Perform Overhaul Work On USS Ramage (DDG 61)

PASCAGOULA, Miss., Sept. 14, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division has been awarded a $14 million base contract to perform an extended selected restricted availability on the Arleigh Burke-class (DDG 51) destroyer USS Ramage (DDG 61). With all options exercised, the total contract value would be $21.4 million. USS Ramage was originally built at Ingalls and delivered to the U.S. Navy in 1995. “Ingalls has a longstanding tradition in the overhaul/modernization business,” said Ingalls Shipbuilding President Brian Cuccias. “We are pleased with the Navy’s confidence in us to perform this work on DDG 61. It

Extreme Weather Heightens Need for Proper Pool Care

DOYLESTOWN, Pa., Sept. 14, 2016 (GLOBE NEWSWIRE) — When it comes to preparing for extreme weather, homeowners must take special care to protect one of their most valuable assets. Outdoor pools, home spas and the furnishings that go with them are important investments in the overall value of a property, but without diligent care they may actually cost owners more than they anticipated. From floods and droughts to summer heat and winter weather, Mother Nature’s worst requires special attention to pool maintenance. With knowledge of weather threats and a bit of preparation, pool owners can protect their outdoor recreation areas

Heinz to Speak at WEEC on Energy Modeling, Performance Contracting

STATE COLLEGE, PA., Sept. 14, 2016 (GLOBE NEWSWIRE) — Steve Heinz, founder and CEO of EnergyCAP, Inc., has been invited to speak at the World Energy Engineering Conference (WEEC) in Washington, DC, later this month. Heinz will be discussing the baseline modeling of building energy use and the challenges posed by extreme weather, especially when dealing with assessments for performance contracting. “In many energy performance contracts, contractor payments and performance guarantees are based on ongoing savings measurement and verification [M&V] reports,” said Heinz. “When the M&V process uses a comparison of post-project energy consumption with pre-project baseline consumption, adjustment for

SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Warren Resources, Inc. To Contact The Firm Before Lead Plaintiff Deadline

NEW YORK, Sept. 14, 2016 (GLOBE NEWSWIRE) — Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Warren Resources, Inc. (“Warren Resources” or the “Company”) (OTC:WRESQ) of the October 11, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers. The lawsuit has been filed in the U.S. District Court for the District of Colorado on behalf of all those who purchased Warren Resources common stock between November 4, 2014 and June 2, 2016 (the “Class Period”).  The case, Speiser v. Epstein et

Investment, Policy and Holistic Planning Integral to Drive Hydrogen Fueling Infrastructure

OVERLAND PARK, Kan., Sept. 14, 2016 (GLOBE NEWSWIRE) — A new white paper from Black & Veatch’s Smart Integrated Infrastructure (SII) business examines the current hydrogen fueling infrastructure in the U.S. and challenges that complicate development. Costs, financing, siting, policies and safety education are cited as the keys, and sometimes barriers, to greater fueling station deployment. Recent reports estimate that in California alone more than 34,000 hydrogen fuel cell electric vehicles (FCEVs) will be on the road by 2021. Even with states like California investing heavily in new hydrogen fuel stations, the rate of consumer adoption is quickly outpacing fueling

Energy

Virco Reports Second Quarter Results

Revenue flat for the quarter but down 2% through six months Gross margin steady at 39%; operating income down 5% due to slightly higher G&A “August as the New September”?  Revenue through August (inclusive of full summer shipping season) up 1% YOY TORRANCE, Calif., Sept. 14, 2016 (GLOBE NEWSWIRE) — Virco (Nasdaq:VIRC) today announced second quarter and YTD financial results for the period ended July 31, 2016.  The Company also provided preliminary revenue figures for the month of August 2016, which from a technical reporting standpoint falls within the Company’s third quarter concluding October 31, 2016.  Because August is part

Ocean Power Technologies Announces New Contract with the U.S. Department of Defense Office of Naval Research

PENNINGTON, N.J., Sept. 14, 2016 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or “the Company”) announced today that it has been awarded a contract (or “Contract”), valued at nearly $250,000, by the U.S. Department of Defense Office of Naval Research (“ONR”) to conduct the design of a new mass-spring oscillating PowerBuoy for mission critical sensors.  Such a PowerBuoy differs from the current PB3 type in that it is self-contained and has no external moving components. Phase one of the contract scope includes the system design and laboratory testing of a proprietary, self-contained, inertia-based, mass-spring oscillator and power take-off

Frontier Pharma: Chronic, Acute and Neuropathic Pain – GPCR and Nerve Growth Factor-based therapies offer strong potential in difficult-to-treat subtypes: ResearchMoz

Albany,NY, Sept. 14, 2016 (GLOBE NEWSWIRE) — Pain, and in particular chronic pain, is a significant global health issue. While pain is not considered a disease in its own right, there is a growing body of evidence that substantiates chronic pain as a disease, rather than just as a symptom of a primary cause. In the US, pain affects more people than cancer, diabetes and heart disease combined, with an estimated 100 million people having experienced at least one chronic pain episode in the last 12 months, at an annual cost of around $600 billion in medical treatment and lost