EATONTOWN, N.J., July 23, 2024 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ:CLMB) ("Climb" or the "Company"), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, will host a conference call on Wednesday, August 7, 2024 at 8:30 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2024. The Company's results will be reported in a press release prior to the call. If you have any difficulty r ...

As part of its GSA solutions, Climb will be offering Wasabi hot cloud storage, which delivers predictably priced, highly performant, and secure cloud object storage for customers that require an in-depth defense approach to data protection. Also available from Climb is Wasabi Surveillance Cloud, which enables organizations to cost-effectively scale and protect video surveillance footage in the cloud. Wasabi's layered approach to data security ensures customers' data is protected by physical and logical elem ...

EATONTOWN, N.J., July 18, 2024 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB) announced the expansion of their GSA IT-70 Contract (47QTCA19D008G) with the addition of Wasabi Technologies, a market leader in Hot Cloud Storage and strategic partner of Climb since 2020. As part of its GSA solutions, Climb will be offering Wasabi hot cloud storage, which delivers predictably priced, highly ...

The stock is benefitting from organic growth from new and existing vendors in North America and Europe, as well as contributions from DataSolutions. For Climb Global, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CLMB going forward to see if this recent jump can turn into more strength down the road. For Microvast, the c ...

Core Insights - Climb Channel Solutions has launched a strategic partnership with Flashpoint to enhance security and intelligence capabilities for mission-critical organizations [1][2] - The partnership aims to provide access to Flashpoint's comprehensive threat intelligence platform, Flashpoint Ignite, which integrates human-powered data collection with technology [2][5] - This collaboration is expected to drive significant growth and deliver value to customers by improving their ability to safeguard critical assets and reduce risks [2][3] Company Overview - Climb Channel Solutions is a global specialty technology distributor focusing on various sectors including Security, Data Management, and Cloud solutions [4] - The company emphasizes transforming distribution through innovative IT technologies, flexible financing, and exceptional service to partners [4] - Flashpoint is recognized as a leader in threat data and intelligence, providing solutions that help organizations confront complex security challenges and improve operational resilience [5][6]

About Rocky Mountain Chocolate Factory, Inc. DURANGO, Colo., June 05, 2024 (GLOBE NEWSWIRE) -- Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) (the "Company", "we", or "RMCF"), an international franchisor and producer of premium chocolates and other confectionery products including gourmet caramel apples, today announced that as a result of Jeff Geygan's recent appointment to Interim-CEO, he has yielded his position as Chair of the Board of Directors ("Board"), in accordance with the Company's governanc ...

EATONTOWN, N.J., May 14, 2024 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ:CLMB), announced Monday, May 13, 2024 that CRN®, a brand of The Channel Company, has named seven women at Climb Channel Solutions to the Women of the Channel list for 2024 and the Climb VP of Marketing Worldwide to the 2024 Women of the Channel Power 100, an elite subset of prominent leaders selected from the CRN® 202 ...

Luis AlvarezIntroduction This year I have been conducting screens based on the criteria outlined in Chris Mayer’s classic 100 Baggers. I’m looking for very small companies with high profitability, impressive growth rates, solid balance sheets, and reasonable valuations. Climb Global Solutions (NASDAQ:CLMB) came to my attention because it fit those criteria. The company, with a market cap under $500 million, is ignored by institutional investors. Only one analyst covers the stock and only three funds ha ...

Climb Global Solutions, Inc. (NASDAQ:CLMB) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Sean Mansouri - IR Advisor, Elevate IR Dale Foster - CEO Andrew Clark - CFO Conference Call Participants Vincent Colicchio - Barrington Research Howard Root - Private Investor Bill Dezellem - Tieton Capital Operator Good morning, everyone, and thank you for participating in today's Conference Call to discuss Climb Global Solutions Financial Results for the First Quarter ended March 31, 202 ...

Financial Performance - Net sales increased by 9%, or $7.4 million, to $92.4 million for the three months ended March 31, 2024, compared to $85.0 million for the same period in the prior year[101] - Gross profit increased by 12%, or $1.8 million, to $17.0 million for the three months ended March 31, 2024, compared to $15.2 million for the same period in the prior year[90] - Net income decreased by 18%, or $0.5 million, to $2.8 million for the three months ended March 31, 2024, compared to $3.3 million for the same period in the prior year[101] - Diluted income per share decreased by 19%, or $0.14, to $0.60 for the three months ended March 31, 2024, compared to $0.74 for the same period in the prior year[101] - Net income for the quarter ended March 31, 2024, was $2,731 thousand, compared to $3,324 thousand for the same period in 2023, indicating a decrease of about 17.8%[146] - Basic and diluted income per common share for the three months ended March 31, 2024, was $0.60, down from $0.74 in the same period of 2023[168] Expenses and Costs - Selling, general and administrative expenses increased by 22%, or $2.3 million, to $12.5 million for the three months ended March 31, 2024, compared to $10.2 million for the same period in the prior year[101] - Depreciation and amortization expense increased by 22%, or $0.2 million, to $0.9 million for the three months ended March 31, 2024, compared to $0.7 million for the same period in the prior year[101] - The Company incurred acquisition-related costs of $123 thousand in the three months ended March 31, 2024, compared to $22 thousand in the same period of 2023[168] - The Company recognized total amortization expense for other intangibles of $0.7 million for the three months ended March 31, 2024, compared to $0.5 million for the same period in 2023[182] Profitability Metrics - Gross profit margin decreased to 32.5% compared to 37.4% for the same period in the prior year[90] - Effective margin decreased to 3.8% for the three months ended March 31, 2024, compared to 5.0% for the same period in the prior year[88] - Distribution segment gross profit increased by 12%, or $1.5 million, to $14.2 million for the three months ended March 31, 2024, compared to $12.7 million in the prior year[297] Assets and Liabilities - Total current assets decreased from $269,060 thousand as of December 31, 2023, to $232,643 thousand as of March 31, 2024, representing a decline of approximately 13.5%[142] - The company's total liabilities decreased from $260,328 thousand as of December 31, 2023, to $221,873 thousand as of March 31, 2024, a reduction of approximately 14.7%[142] - The company’s total assets decreased from $335,098 thousand as of December 31, 2023, to $298,322 thousand as of March 31, 2024, a decline of about 11%[142] - As of March 31, 2024, total lease liabilities amounted to $1.266 billion, with a current portion of $495 million[184] - The Company had $1.2 million outstanding under a term loan as of March 31, 2024, which bears interest at a rate of 3.73% per annum[304] Cash Flow and Dividends - Cash and cash equivalents increased from $36,295 thousand as of December 31, 2023, to $43,572 thousand as of March 31, 2024, reflecting an increase of about 20.5%[142] - Cash and cash equivalents at the end of the period were $43,572 thousand, a decrease from $61,741 thousand at the end of the same period in 2023[173] - Operating cash flow for the three months ended March 31, 2024, was $14,047 thousand, compared to $43,610 thousand for the same period in 2023, indicating a significant decrease[173] - Total dividends paid were $0.7 million during the three months ended March 31, 2024, compared to $0.7 million for the same period in the prior year[100] - The company paid dividends of $0.17 per common share, totaling $756 thousand for the quarter ended March 31, 2024[146] Foreign Operations and Market Conditions - The company reported net sales from foreign operations of $28.2 million for the three months ended March 31, 2024, compared to $24.6 million for the same period in 2023, representing an increase of about 14.6%[152] - The company anticipates continued market challenges and pricing pressures, which may affect future sales and gross profit margins[165] - The company reported a foreign currency transaction loss of $85 thousand for the three months ended March 31, 2024, compared to a gain of $44 thousand in the same period of 2023[168] Customer and Acquisition Information - The Company had two major customers accounting for 20% and 15% of total net sales during the three months ended March 31, 2024[296] - The acquisition of Data Solutions was completed for an aggregate purchase price of approximately €15.0 million (equivalent to $15.9 million USD)[118] - The purchase consideration for the acquisition included approximately $2.3 million in fair value for potential earn-out consideration, with an undiscounted payment range of zero to approximately $3.9 million[181] - The fair value earn-out measurement for the acquisition was primarily based on Level 3 inputs, reflecting assumptions market participants would use to value these liabilities[181] Vendor and Rebates - Vendor rebates and discounts for the three months ended March 31, 2024, were $1.9 million, compared to $1.7 million for the same period in the prior year[298]