Anchorage, Alaska, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Nova Minerals Limited ("Nova" or the "Company") (NASDAQ: NVA) (ASX: NVA) (FSE: QM3) is pleased to provide an update on its 2024 drilling and exploration field programs on its over 500km2 flagship Estelle Gold Project, located in the prolific Tintina Gold Belt in Alaska, where RPM drilling for the completion of its Feasibility Study (FS) is progressing, and surface sampling for gold-antimony at its Stibium prospect continues to impress. Highlights Developm ...

Vancouver, British Columbia--(Newsfile Corp. - August 16, 2024) - Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) (FSE: YQ10) (WKN: A40GFH) (the "Company" or "Nova Pacific") is pleased to announce the results of its annual general meeting of shareholders (AGM) held on August 8, 2024. At the AGM, shareholders overwhelmingly re-elected all five directors, with over 99% voting in favor, and De Visser Grey LLP was reappointed as the Company's auditor for the upcoming fiscal year. Nova Pacific's audited fin ...

Company Participation in Investor Conferences - Nova will participate in several investor conferences in August and September, including the Needham 5th Annual Virtual Semiconductor and SemiCap 1x1 Conference on August 21, and the 2024 Evercore ISI Semiconductor, IT Hardware & Networking Conference on August 27 in Chicago [1] - The Chief Financial Officer, Guy Kizner, will represent the company at multiple events, including the Jefferies Semiconductor, IT Hardware & Communications Technology Summit on August 28, and the Benchmark 2024 TMT Conference on September 4 in New York [1] - The Citi 2024 Global Technology Conference will feature a fireside chat and one-on-one meetings with both the CEO, Gaby Waisman, and CFO, Guy Kizner, on September 5 [1] Company Overview - Nova is a leading innovator and key provider of metrology solutions for advanced process control in semiconductor manufacturing [3] - The company offers high-performance metrology solutions that enhance product yields and accelerate time to market for semiconductor manufacturers [3] - Nova's product portfolio includes high-precision hardware and cutting-edge software, providing deep insights into the development and production of advanced semiconductor devices [3] Stock Information - Nova is traded on the Nasdaq and TASE under the ticker symbol NVMI [4]

Core Viewpoint - Nova LifeStyle, Inc. reported a significant decline in net sales and an increase in net loss for the second quarter and first half of 2024, reflecting challenges in the current economic environment, including high inflation and interest rates [1][2][3]. Financial Results Three Months Ended June 30, 2024 - Net sales were $2.69 million, a decrease of 40% from $4.46 million in the same period of 2023 [1]. - Gross profit was $1.19 million, down from $1.45 million in the same period of 2023 [1]. - Net loss was ($563 thousand), compared to a loss of ($539 thousand) in the same period of 2023 [1]. Six Months Ended June 30, 2024 - Net sales totaled $5.06 million, a decrease of 20% from $6.34 million in the same period of 2023 [2]. - Gross profit was $2.21 million, slightly up from $2.11 million in the same period of 2023 [2]. - Net loss was ($2.03 million), compared to a loss of ($1.76 million) in the same period of 2023 [2]. Management Commentary - The CEO expressed cautious optimism about the future despite ongoing economic challenges, emphasizing the company's strong presence in the home furnishings industry and sufficient inventory levels to ensure customer satisfaction [3]. Company Overview - Nova LifeStyle, Inc. is a designer and distributor of modern lifestyle furniture, including sofas, dining room furniture, and office furniture, targeting middle and upper middle-income consumers in various regions including the USA and China [4].

HALIFAX, Nova Scotia, Aug. 13, 2024 (GLOBE NEWSWIRE) -- ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB – ECORF), (the "Company" or "Elcora"), is providing this update on the status of a management cease trade order granted on July 30, 2024 (the "MCTO") by the Nova Scotia Securities Commission under National Policy 12-203 – Management Cease Trade Order ("NP 12-203"). On July 12, 2024 and July 30, 2024, the Company announced that, for reasons disclosed in the news releases, there would be ...

Singapore, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Nova Vision Acquisition Corp. (NASDAQ: NOVV, the "Company"), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor ("Sponsor"), has deposited into the Company's trust account (the "Trust Account") an aggregate of $6,301.56 (representing approximately $0.03 per ordinary share issued at the Company's initial public offering that has not been redeemed), in order to extend the period of ...

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES HALIFAX, Nova Scotia, Aug. 08, 2024 (GLOBE NEWSWIRE) -- NOVA LEAP HEALTH CORP. (TSXV: NLH) ("Nova Leap" or "the Company"), a growing home health care organization, is pleased to announce the release of financial results for the quarter ended June 30, 2024. All amounts are in United States dollars unless otherwise specified. Nova Leap Q2 2024 Financial Results Financial results for the second quarter ended June 30, 2024 ...

Financial Data and Key Metrics Changes - Total revenues for Q2 2024 reached a record level of $156.9 million, reflecting an 11% increase quarter-over-quarter and a 28% increase year-over-year [12][13] - Blended gross margin was 59% on a GAAP basis and 61% on a non-GAAP basis, exceeding the company target model of 57% to 59% [13] - Earnings per share on a GAAP basis were $1.41 and on a non-GAAP basis were $1.61, exceeding the high end of guidance for the third consecutive quarter [14] Business Line Data and Key Metrics Changes - Product revenue distribution was approximately 75% from logic and foundry and approximately 25% from memory [13] - The Service business grew 19% year-over-year, driven by increasing utilization rates [6] - Advanced packaging is expected to contribute at least 15% of the company's product revenue this year [30] Market Data and Key Metrics Changes - The first half of 2024 revenue was just under $300 million, 17% higher than the same period last year [4] - Demand for leading-edge nodes, including gate-all-around and advanced packaging, is increasing, particularly from customers in Taiwan, Korea, and the U.S. [5][22] - The company anticipates a revenue opportunity of $500 million in gate-all-around by the end of 2026 [9][36] Company Strategy and Development Direction - The company aims to leverage opportunities in artificial intelligence and advanced packaging to enhance performance and power efficiency [7][8] - A strategic plan introduced in 2022 includes investments in production facilities to support a $1 billion revenue target [23] - The company is focused on maintaining a diversified portfolio to mitigate risks associated with market fluctuations [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to outperform the market, citing strong demand across various segments [11] - The company expects memory to maintain a level of approximately 25% of total revenue in the second half of 2024 [17] - Management noted that the current strong guidance for Q3 is expected to be sustainable, with robust demand from key geographies [22] Other Important Information - The company generated a record free cash flow of $115 million in the first half of 2024, growing cash reserves to approximately $759 million [16] - Operating expenses increased to $47 million on a GAAP basis, with operating margins at 29% on a GAAP basis [14] Q&A Session Summary Question: Memory segment outlook and recent performance - Management noted that logic demand has increased, impacting memory's share, but expects memory to maintain around 25% in Q3 [17] Question: Drivers for gross margin fluctuations - Management explained that gross margin is influenced by product mix and anticipates a gross margin of approximately 58% in Q3 [18] Question: Sustainability of strong guidance - Management indicated that while they do not provide Q4 outlook yet, they expect Q3 strength to continue, with strong business from Korea, Taiwan, and the U.S. [22] Question: Impact of CapEx cuts by a U.S. IDM/Foundry - Management stated that the focus on leading-edge nodes and AI-related chips works in favor of the company, indicating this is not a cross-industry phenomenon [25] Question: Outlook for China revenue contribution - Management expects China's contribution to be slightly higher than last year, with robust demand anticipated [28] Question: Advanced packaging revenue growth - Management confirmed that advanced packaging is projected to contribute at least 15% of product revenue this year [30] Question: Revenue split among product categories - Management indicated that approximately 40% of revenue will come from unique solutions, with chemical metrology being a significant contributor to packaging revenue [32]

Nova Ltd. (NVMI) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.06 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 17.52%. A quarter ago, it was expected that this maker of monitoring systems used in chip manufacturing would post earnings of $1.27 per share when it actually produced earnings of $1.39, delivering a surprise of 9.45%. ...

REHOVOT, Israel , Aug. 8, 2024 /PRNewswire/ -- Nova (Nasdaq: NVMI) today announced financial results for the second quarter, the three-month period ended June 30, 2024. Second Quarter 2024 Highlights: Record Quarterly revenue of $156.9 million, a 11% QoQ increase, exceeding the Company guidance and up 28% YoY. GAAP net income of $45.1 million, or $1.41 per diluted share, exceeding the Company guidance, a 23% QoQ increase and up 48% YoY. Non-GAAP net income of $52.0 million, or $1.61 per diluted share, excee ...