MIAMI, Nov. 25, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE: PNNT) (the "Company") announced today financial results for the fourth quarter and fiscal year ended September 30, 2024. HIGHLIGHTS Year ended September 30, 2024 ($ in millions, except per share amounts) Assets and Liabilities:     Investment portfolio (1)   $1,328.1 Net assets   $493.9 Adjusted net asset value per share (2)   $7.56 Quarterly increase in adjusted net asset value per share (2)    0.5%GAAP net asset value per ...

i-80 Gold (NYSE: IAUX ) is a Nevada focused gold development company that released its Q3 2024 financials and hosted a conference call last week on the 12th of November, where a few things caused the stockIf you like this article and are interested in more frequent analysis of my holding companies, real-time notifications on portfolio changes, together with macro and industry analysis. I would encourage you to have a look at my marketplace service, Off The Beaten Path.I primarily invest in turnarounds in na ...

MIAMI, Nov. 19, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company") announces it entered two additional joint ventures for the purpose of developing and constructing single-family homes in South Texas. Through the new joint ventures, SG Devco has secured an additional 160 lots bringing the total pipeline in South Texas to over approximately 250 lots for single family home development. The 160 lots are spread across two separate parcels totaling 21 acres th ...

HIGHLIGHT Austroid Australia Pty Ltd (a related entity of Liatam Mining Pty Ltd) has acquired the remaining 20% of the Quartz Hill Joint Venture and Novo’s 100% interest in Gold and Silver rights in the Quartz Hill Joint Venture for A$850,000 (CAD $774,000) cash. Commenting on this transaction, Mike Spreadborough, Executive Co-Chairman and Acting Chief Executive Officer, said: “Novo would like to thank the Liatam group for the work they have done on the joint venture and their ongoing support as a major s ...

FUZHOU, China, Nov. 18, 2024 /PRNewswire/ -- Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ: SFWL), a contract logistics company in China providing customers with integrated logistics solutions, announced today that on November 5, 2024, Shengfeng Logistics Group, a variable interest entity that the Company controls via a series of contractual arrangements ("Shengfeng Logistics"), forms a joint venture (the "Joint Venture") with Fujian Fulai Aviation Technology Co., Ltd. ("Fulai Aviatio ...

Design-build services for major facility expansion creates drought-resilient drinking water supplyDALLAS, Nov. 18, 2024 /PRNewswire/ -- The McCarthy-Jacobs (NYSE:J) joint venture was selected to design and build the Torrance Groundwater Desalter Expansion, a critical component of Water Replenishment District (WRD) of Southern California's Brackish Groundwater Reclamation Program and its larger "WIN 4 ALL" initiative. The desalination expansion project will treat salt water in the West Coast Groundwater Basi ...

Kenorland Announces Termination of Joint Venture Exploration Agreement at the Chicobi Project, QuebecNovember 18, 2024 7:30 AM EST | Source: Kenorland Minerals Ltd.Vancouver, British Columbia--(Newsfile Corp. - November 18, 2024) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") announces that Sumitomo Metal Mining Canada Ltd. ("Sumitomo") has elected to withdraw from the Earn-in and Joint Venture Exploration Agreement dated February 15, 2019 ("JVE ...

Core Insights - The Joint Corp. (JYNT) experienced a 2.7% decline in share price following the release of its third-quarter 2024 results, primarily due to high general and administrative expenses and impairment-related charges, although this was mitigated by increased system-wide sales driven by improved royalty fees, advertising fund revenues, and software fees [1][4]. Financial Performance - Adjusted earnings per share for JYNT were reported at 4 cents, aligning with the Zacks Consensus Estimate, and showing improvement from an adjusted loss of 5 cents per share in the previous year [2]. - Total revenues increased by 2% year over year to $30.2 million, surpassing the consensus estimate by 5.5% [2]. - Revenue from company-owned or managed clinics decreased by 1.9% year over year to $17.5 million, while royalty fees rose by 10.2% to $7.9 million [3]. - Advertising fund revenues increased by 9.6% year over year to $2.2 million, and software fees improved by 10% to $1.4 million [3]. - Franchise fees fell by 7.5% year over year to $0.7 million [3]. Cost Structure - Total cost of revenues rose by 8.4% year over year to $2.8 million, attributed to higher regional developer royalties and commissions [4]. - General and administrative expenses increased by 2.7% year over year to $20.8 million, while total selling, general, and administrative costs decreased by 0.4% year over year to $26.8 million [4]. Net Loss and Cash Flow - The company reported a net loss of $3.2 million, which is wider than the net loss of $0.7 million in the same quarter last year, primarily due to losses from disposition or impairment [4]. - For the first nine months of 2024, JYNT generated net cash from operations of $5.3 million, a decline of 53.2% from the prior-year period [7]. Sales and Clinic Count - System-wide sales increased by 8% year over year to $129.3 million [5]. - As of September 30, 2024, the total clinic count was 963, which was below the Zacks Consensus Estimate of 975, with franchised clinics totaling 838, also lower than the consensus mark of 864 [5]. Financial Position - JYNT ended the third quarter with cash and cash equivalents of $20.7 million, reflecting a 14.2% increase from the end of 2023 [6]. - Total assets decreased by 8.7% from the end of 2023 to $79.6 million, while total equity declined by 17.3% to $20.5 million [6]. Guidance - The company revised its guidance for system-wide sales to a range of $525-$535 million, down from the previous estimate of $530-$545 million, and expects to open 55-60 franchised clinics, reduced from the earlier forecast of 60-75 [8].

Singapore, Nov. 12, 2024 (GLOBE NEWSWIRE) -- SIMPPLE Ltd. (NASDAQ: SPPL) (“SIMPPLE” or “the Company”), a leading technology provider and innovator in the integrated facilities management sector, today announced it had commenced paid trials of the first platform successfully merging a full menu of smart building automation functions with a diverse array of global compliance capabilities. The platform, developed via a confidential joint venture between SIMPPLE and Denmark-based consulting and technology firm ...

Core Viewpoint - ThreeD Capital Inc. has completed a private placement acquisition of 9,000,000 common shares and 9,000,000 common share purchase warrants of AI/ML Innovations Inc., increasing its ownership stake in the company to approximately 13.4% of all issued and outstanding common shares [1][3]. Group 1: Acquisition Details - The acquisition involved ThreeD and Sheldon Inwentash acquiring a total of 9,000,000 common shares, representing about 6.5% of AIML's outstanding shares at the time [1]. - Prior to the acquisition, ThreeD and the Joint Actor held 9,514,200 common shares and 14,065,000 common share purchase warrants, equating to approximately 8.0% of AIML's outstanding shares [2]. - Following the acquisition, ThreeD and the Joint Actor now control 18,514,200 common shares and 23,065,000 common share purchase warrants, representing approximately 13.4% of AIML's outstanding shares [3]. Group 2: Financial Aspects - The total consideration for the Subject Units acquired was $585,000, translating to $0.065 per Subject Unit [5]. - On a partially diluted basis, the ownership stake of ThreeD and the Joint Actor is approximately 26.0%, assuming the exercise of all warrants and options held [3]. Group 3: Company Profile - ThreeD Capital Inc. is a Canadian-based venture capital firm focused on opportunistic investments in junior resources and disruptive technologies sectors [6]. - The firm's investment strategy includes investing in multiple private and public companies globally, particularly in early-stage promising companies [6].