Travelers looking for a reliable and flexible way to stay connected internationally in 2024 will find GigSky’s International eSIM to be one of the top options available, according to a recent review by Better Business Advice. With the increasing demand for seamless mobile data access, GigSky’s solution addresses the major challenges posed by traditional SIM cards and high roaming fees, offering travelers an efficient, cost-effective alternative.
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Company Sets Several Financial Performance Records in FY 2024 as it Now Focuses on Expanding its Copper Alloys Business
Highlights of the Quarter and Year Ended June 30, 2024
(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars)
For this period only, IBC is reporting the performance of "discontinued operations" at its Massachusetts facility, "continuing operations" at its Copper Alloy division, and a combination of continued and discontinued operations.[1]
IBC combined sales1 increased 50.9% and 33.4% year-over-year ("Y/Y") for the quarter and year, respectively, on higher product demand. Continuing operations1 at the Copper Alloys division generated $7.0 million in the quarter, a 28.7% Y/Y increase, and $25.7 million for the year, 19.3% Y/Y increase and a new sales record for the division.
IBC combined operating income1 of $2.3 million and $5.6 million in the quarter and year, respectively, showed marked improvement over prior-year period figures.
IBC combined adjusted earnings before interest, taxes, depreciation, and amortization ("Adjusted EBITDA")1 of $2.9 million for the quarter and $7.4 million for the year, reversing comparative period losses.
IBC combined gross margin1 of 33.9% in the quarter, and 29.0% for the year, also reflect stronger performance than the prior-year periods and a favorable inventory adjustment in the quarterly result.
IBC combinednet income1 of $559,000 ($0.01 per share), and $1.7 million ($0.02 per share), for the quarter and year, respectively.
IBC's working capital improved by $5.6 million in FY2024 over the prior year.
Anchorage Digital to become largest shareholder and join Gryphon Digital Mining Board
Gryphon restructures Anchorage Digital debt of 304 BTC (approximately $18 million1) to increase shareholder equity and reduce outstanding debt by over 70%, by:
converting approximately $13M of debt into equity and pre-funded warrants at $1.10/share, a significant premium to current market price;
restructuring the remaining $5 million debt as follows:
three year term;
4.25% interest rate;
interest only payments during the term;
conversion features as described below; and
payable in USD over 3 years;.
granting Anchorage Digital additional warrants to purchase 2 million shares at $1.50/share; and
Anchorage Digital will become a key advisor to the Company and will be granted a seat on Gryphon's Board of Directors
Strengthens AI Nose Gas Sensing Technology with Additional Exclusively Licensed Patents
Secures Exclusive Rights to Breakthrough Nitrogen-Oxygen Separation Technology with Superior Energy Efficiency and Ultra-Low Carbon Emissions, Advancing Sustainable Medical Practices
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Athena Sets Sights on Gold Exploration in Nevada and Ontario
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AHIMA 2024, taking place this week in Salt Lake City, brings together industry leaders to showcase groundbreaking AI innovations reshaping health information management (HIM). The event highlights advancements in coding, data analytics, and patient care, with vendors unveiling AI-powered solutions to streamline workflows, enhance accuracy, and improve healthcare outcomes. Additionally, Black Book announces the top-rated AHIMA-sponsoring vendors for 2024, based on highest customer experience.
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