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NORBIT – Award and exercise of restricted stock units
Globenewswire· 2025-05-15 05:00
Core Points - The Board of Directors of NORBIT ASA has awarded a total of 135,676 restricted stock units (RSUs) to executive management based on the financial year 2024 [1] - A total of 56,615 shares will be issued at par value due to the exercise of vested RSUs, with the remaining RSUs vesting in 2026 and 2027 [1] - The new share capital of the Company will be NOK 6,394,869.50, divided into 63,948,695 shares, each with a par value of NOK 0.10 following the registration of the share capital increase [3] - The Company will purchase 57,460 shares at a price of NOK 170.20 per share to cover tax liabilities for certain executive management members [4] - The executive management's holdings post-transactions include significant shares and RSUs, with the Group CEO holding 7,139,157 shares and 38,616 RSUs [5] Company Overview - NORBIT ASA is a global provider of tailored technology solutions, focusing on sustainability and innovation across three business segments: Oceans, Connectivity, and Product Innovation & Realization [6] - The Oceans segment provides technology solutions for global maritime markets, while the Connectivity segment offers wireless solutions for identification, monitoring, and tracking [6] - The Product Innovation & Realization segment delivers R&D services, proprietary products, and contract manufacturing to key customers [6]
Knightscope, Inc. (KSCP) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2025-05-15 00:41
Financial Performance - Knightscope, Inc. reported a quarterly loss of $1.28 per share, which is better than the Zacks Consensus Estimate of a loss of $1.47, and an improvement from a loss of $4 per share a year ago, indicating a significant reduction in losses [1] - The company achieved revenues of $2.92 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 8.84% and showing an increase from $2.25 million in the same quarter last year [2] - Over the last four quarters, Knightscope has exceeded consensus EPS estimates two times and topped consensus revenue estimates twice [2] Stock Performance and Outlook - Knightscope shares have declined approximately 58.2% since the beginning of the year, contrasting with the S&P 500's slight gain of 0.1% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is -$1.22 on revenues of $2.93 million, and for the current fiscal year, it is -$4.84 on revenues of $12.99 million [7] Industry Context - The Technology Services industry, to which Knightscope belongs, is currently ranked in the top 22% of over 250 Zacks industries, suggesting a favorable environment for stocks in this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]
Ibotta (IBTA) Surpasses Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-14 22:10
Company Performance - Ibotta reported quarterly earnings of $0.02 per share, exceeding the Zacks Consensus Estimate of $0.01 per share, compared to earnings of $0.54 per share a year ago, representing an earnings surprise of 100% [1] - The company posted revenues of $84.57 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.52%, and showing an increase from year-ago revenues of $82.33 million [2] - Over the last four quarters, Ibotta has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Outlook - Ibotta shares have declined approximately 23.2% since the beginning of the year, while the S&P 500 has gained 0.1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.19 on revenues of $89.9 million, and for the current fiscal year, it is $1.20 on revenues of $384.6 million [7] - The estimate revisions trend for Ibotta is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Industry Context - The Technology Services industry, to which Ibotta belongs, is currently ranked in the top 22% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
Bitfarms Ltd. (BITF) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2025-05-14 13:16
Bitfarms Ltd. (BITF) came out with a quarterly loss of $0.04 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced earnings of $0.03, delivering a surprise of 175%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Bitfarms, which belongs to the Zacks Techn ...
FiscalNote Holdings, Inc. (NOTE) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2025-05-12 22:35
Core Insights - FiscalNote Holdings, Inc. reported a quarterly loss of $0.12 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.10, marking an earnings surprise of -20% [1] - The company generated revenues of $27.51 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 4.21%, but down from $32.11 million year-over-year [2] - The stock has declined approximately 37.6% since the beginning of the year, contrasting with the S&P 500's decline of -3.8% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $22.64 million, and for the current fiscal year, it is -$0.26 on revenues of $96.22 million [7] - The estimate revisions trend for FiscalNote Holdings, Inc. is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Technology Services industry, to which FiscalNote belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Another company in the same industry, Knightscope, Inc., is expected to report a quarterly loss of $1.47 per share, reflecting a year-over-year change of +63.3%, with revenues projected at $2.68 million, up 19.1% from the previous year [9]
MeridianLink (MLNK) Misses Q1 Earnings Estimates
ZACKS· 2025-05-12 22:30
Core Insights - MeridianLink reported quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.11 per share, but showing an improvement from $0.06 per share a year ago [1] - The company posted revenues of $81.49 million for the quarter, exceeding the Zacks Consensus Estimate by 0.67% and up from $77.82 million year-over-year [3] Earnings Performance - The earnings surprise for the quarter was -18.18%, with the company having surpassed consensus EPS estimates only once in the last four quarters [2] - In the previous quarter, MeridianLink had an earnings surprise of 14.29% by reporting $0.08 per share against an expectation of $0.07 [2] Revenue Insights - MeridianLink has consistently topped consensus revenue estimates, achieving this four times over the last four quarters [3] - The current consensus EPS estimate for the upcoming quarter is $0.10, with expected revenues of $81.91 million, and for the current fiscal year, the estimate is $0.36 on revenues of $329.81 million [8] Market Performance - Since the beginning of the year, MeridianLink shares have declined by approximately 15.7%, contrasting with the S&P 500's decline of 3.8% [4] - The stock currently holds a Zacks Rank of 3 (Hold), indicating it is expected to perform in line with the market in the near future [7] Industry Context - The Technology Services industry, to which MeridianLink belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]
Telus Digital (TIXT) Matches Q1 Earnings Estimates (Revised)
ZACKS· 2025-05-12 21:15
Group 1: Earnings Performance - Telus Digital reported quarterly earnings of $0.06 per share, matching the Zacks Consensus Estimate, but down from $0.22 per share a year ago [1] - The company had a loss of $0.04 per share last quarter, which was a surprise of -300% compared to the expected loss of $0.01 per share [1] - Over the last four quarters, Telus Digital has only surpassed consensus EPS estimates once [1] Group 2: Revenue Performance - The company posted revenues of $670 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 2.86% and up from $657 million year-over-year [2] - Telus Digital has topped consensus revenue estimates three times over the last four quarters [2] Group 3: Stock Performance and Outlook - Telus Digital shares have declined approximately 32.7% since the beginning of the year, compared to a decline of -3.7% for the S&P 500 [3] - The future performance of the stock will depend on management's commentary during the earnings call and the earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.06 on revenues of $656.42 million, and for the current fiscal year, it is $0.33 on revenues of $2.7 billion [7] Group 4: Industry Context - The Technology Services industry, to which Telus Digital belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook [8] - The top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8]
Blade Air Mobility, Inc. (BLDE) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2025-05-12 13:15
Core Insights - Blade Air Mobility, Inc. (BLDE) reported a quarterly loss of $0.04 per share, outperforming the Zacks Consensus Estimate of a loss of $0.11, and showing improvement from a loss of $0.06 per share a year ago [1] - The company achieved revenues of $54.31 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 9.55% and up from $51.51 million year-over-year [2] - Blade Air Mobility's shares have declined approximately 31.3% year-to-date, contrasting with the S&P 500's decline of 3.8% [3] Financial Performance - Over the last four quarters, Blade Air Mobility has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] - The current consensus EPS estimate for the upcoming quarter is -$0.04 on revenues of $65.57 million, and for the current fiscal year, it is -$0.17 on revenues of $256.96 million [7] Market Outlook - The earnings outlook for Blade Air Mobility is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market [6] - The Technology Services industry, to which Blade Air Mobility belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable industry outlook [8]
Genpact Named a Leader in ISG Provider Lens™ 2025 for ServiceNow Ecosystem Partners
Prnewswire· 2025-05-12 12:05
Core Insights - Genpact has been recognized as a Leader in the 2025 ISG Provider Lens for ServiceNow Ecosystem Partners in the United States, highlighting its innovative approach to deploying ServiceNow solutions for business transformation and efficiency [1][2] - The ISG report emphasizes Genpact's expertise in AI-powered solutions, particularly in the areas of Innovation and Consulting and Implementation Services, showcasing its ability to drive impact across various industries [2][4] Group 1 - Genpact's consultative approach focuses on non-IT functions such as source-to-pay and healthcare operations, demonstrating its leadership in digital transformation [4] - The company's AI solutions have proven effective, cutting procurement cycles by 50% within eight weeks by automating data extraction and reducing manual tracking [7] - Genpact's generative AI solutions address complex multi-workflow needs across diverse industries, including procurement, lending, and insurance claims [7] Group 2 - The ISG Provider Lens research study evaluates software vendors and service providers in the U.S. market, positioning them based on a multi-phased research and analysis process [5] - Genpact aims to deliver lasting value for enterprises globally through its deep business knowledge and operational excellence, leveraging data, technology, and AI [6]
V2X Approves Share Repurchase Program
Prnewswire· 2025-05-12 11:30
RESTON, Va., May 12, 2025 /PRNewswire/ -- V2X, Inc. (NYSE:VVX) today announced that its Board of Directors has approved a share repurchase program under which the Company may purchase, from time to time, up to $100 million of the Company's common stock for a three-year term ending on May 12, 2028. Jeremy C. Wensinger, President and Chief Executive Officer of V2X stated, "We are excited to announce a $100 million share repurchase program, which reflects the strength in our business and our commitment to enha ...