Corporation

Technical Communications Corporation Reports Results for the Three and Nine Months Ended June 26, 2021

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CONCORD, Mass., Aug.6, 2021 (GLOBE NEWSWIRE) – Technical Communications Corporation (OTCQB: TCCO) today announced its results for the three and nine months ended June 26, 2021. The company reported a net loss of (490 $ 000), or ($ 0.26) per share, on revenues of $ 426,000 for the quarter ended June 26, 2021, compared to a net loss of ($ 483,000) or ($ 0.26) per share , on revenues of $ 599,000 for the quarter ended June 27, 2020. For the nine months ended June 26, 2021, the Company reported a net loss of ($ 1,161,000) or ($ 0.63) per share, on revenues of $ 1,209,000, compared to a net loss of ($ 1,324,000), or ($ 0.72) per share, on sales of $ 1,987,000 for the nine months ended 27 June 2020.

Carl H. Guild Jr., President and CEO of Technical Communications Corporation, said, “The Covid-19 pandemic continues to hurt our customers as many foreign countries are still struggling with the coronavirus. Resources available for security equipment and systems have dwindled as customers allocate funds to contain the virus.

We have started to see progress in some countries towards resuming the purchasing process, including requests for product demonstrations, distance learning and receiving formal requests for quotes. We will continue to work closely with these customers so that we can act quickly once they are able to place orders. In the meantime, TCC continues to monitor spending closely and actively seeks additional sources of cash. “

About Technical Communications Corporation

For more than 50 years, TCC has specialized in high quality secure communication systems and customized solutions, supporting our CipherONE® best-in-class criteria, to protect highly sensitive voice, data and video transmitted over a wide range of networks. Government entities, military agencies and businesses in over 115 countries have chosen TCC’s proven security to protect their communications. Learn more: www.tccsecure.com.

Statements made in this press release or which may be incorporated by reference herein that are not purely historical constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to limit, statements regarding expected operating results, future profits and the ability to achieve growth and profitability. These forward-looking statements involve known and unknown risks, uncertainties, and other factors, including, but not limited to, the impact of the COVID-19 pandemic (including on customers) and government responses to this one; the effect of domestic and foreign political unrest; domestic and foreign government policies and economic conditions; changes in export laws or regulations; technological changes; the ability to hire, retain and motivate technical, management and sales personnel; risks associated with the technical feasibility and market acceptance of new products; changes in telecommunications protocols; the effects of changes in costs, exchange rates and interest rates; and the Company’s ability to secure adequate capital resources. These risks, uncertainties and other factors could cause the actual results, performances or achievements of the Company, or the results of the industry, to be materially different from the future results, performances or achievements expressed or implied by these forward-looking statements. . For a more detailed discussion of the risks facing the Company, see the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 26, 2020 and its reports. quarterly on form 10-Q. for the quarters ended December 26, 2020 and March 27, 2021 and the “Risk Factors” section included therein.

Technical communications company

Condensed Consolidated Statements of Income

Quarter ended

06/26/2021

06/27/2020

(Unaudited)

(Unaudited)

Net revenue

$

426,000

$

599,000

Gross profit

99,000

355,000

S, G and A fees

478,000

505,000

Product development costs

108,000

332,000

Operating loss

(487,000

)

(483,000

)

Net loss

(490,000

)

(482,000

)

Net loss per share:

Basic

$

(0.26

)

$

(0.26

)

Diluted

$

(0.26

)

$

(0.26

)

Nine months ended

06/26/2021

06/27/2020

(Unaudited)

(Unaudited)

Net revenue

$

1,209,000

$

1,987,000

Gross profit

486,000

973,000

S, G and A fees

1,420,000

1,602,000

Product development costs

695,000

695,000

Operating loss

(1,629,000

)

(1,324,000

)

Grant income

474,000

Net loss

(1,161,000

)

(1,324,000

)

Net loss per share:

Basic

$

(0.63

)

$

(0.72

)

Diluted

$

(0.63

)

$

(0.72

)

Condensed consolidated balance sheets

06/26/2021

09/26/2020

(Unaudited)

(derived from the audit
Financial state)

Cash and cash equivalents

$

221,000

$

1,514,000

Accounts receivable – trade

168,000

134,000

Inventory

1,300,000

902,000

Other current assets

171,000

154,000

Total current assets

1,860,000

2,704,000

Property and equipment, net

6000

19,000

Active right of use

445,000

559,000

Total assets

$

2,311,000

$

3,281,000

Current operating lease liability

$

157,000

$

152,000

Deferred income

474,000

474,000

Note payable – short term

451,000

Accounts payable

112,000

66,000

Customer deposits

206,000

162,000

Accrued charges and other current liabilities

228,000

406,000

Total current liabilities

1,628,000

1,360,000

Long-term operating lease liability

289,000

407,000

Tickets to pay

150,000

150,000

Total responsibilities

2,067,000

1,917,000

Total equity for shareholders

244,000

1,364,000

Total liabilities and equity

$

2,311,000

$

3,281,000

Michael P. Malone
Financial director
(978) 287-5100
www.tccsecure.com

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British Columbia Lottery Corporation names Genius Sports as official data provider

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Genius Sports Limited has entered into a multi-year agreement with the British Columbia Lottery Corporation (BCLC) to support its sports betting operations as Canada legalizes single event sports betting.

BCLC manages and operates commercial gambling – including casinos, lotteries, bingo and sports betting, through multiple distribution channels – on behalf of the province of British Columbia, the third largest province of Canada in terms of population with more than five million inhabitants.

BCLC will use Genius Sports’ award-winning LiveData and LiveTrading services to provide real-time official data and accurate pricing for thousands of sporting events each year. The partnership includes Genius Sports’ main portfolio of official data rights, comprising the Canadian Premier League, English Premier League, Euroleague Basketball and many other top leagues.

“BCLC’s partnership with Genius Sports demonstrates how the nascent Canadian sports betting industry already recognizes the importance of official data to help protect consumers while delivering the safest and most compelling products to their customers,” said said Mark Locke, CEO of Genius Sports. “The fastest, most accurate and reliable data-powered products and services will strengthen BCLC’s competitive advantage and help Canada realize the enormous potential of its sports betting market.

Genius Sports has established the global official data market, which is directly sanctioned by the relevant sport governing body.

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Monarch Mining Corporation announces $ 13.5 million in financing with Investissement Québec

By Posted on 0 Comments4min read13 views
  • Three-year term loan agreement with a maximum annual interest rate of 6% for the restart of the Beaufor mine and the Beacon plant

  • Monarch continues to strengthen its financial position, with more than $ 43 million in cash and cash equivalents

MONTREAL, QC / ACCESSWIRE / August 3, 2021 / MONARCH MINING CORPORATION (‘Monarch‘or the’society‘) (TSX: GBAR) (OTCQX: GBARF) is pleased to announce that it has entered into a $ 13.5 million senior secured term loan agreement (the’To lend‘) with Investissement Québec. The loan has a term of three years and bears interest at an annual rate of 6% until the restart of the Beaufor mine and the Beacon plant, 5% during the first year of production and 4% for subsequent years, subject to certain preconditions. terms and conditions established.

“We are delighted to have received financial support from Investissement Québec to restart operations at the Beaufor mine and the Beacon plant,” said Jean-Marc Lacoste, President and CEO of Monarch. “This latest non-dilutive financing agreement, combined with other recently announced financings, will allow us to easily return our two main mining assets to service while maintaining an excellent financial position. We estimate that we will be able to create over 100 new high-quality jobs when our facilities are fully operational in 2022. ‘

“The mining industry plays a key role in our economy and generates wealth in many of our regions. The relaunch of the Beaufor mine and the Beacon plant is an initiative that will support the economic recovery in Abitibi-Témiscamingue while continuing to develop our expertise in the gold sector. Our government is proud to support the Monarch project, which will help create some 100 quality jobs in the region.

Eric Girard, Minister of Finance and Minister of the Economy and Innovation

“Mining is part of the DNA of Abitibi-Témiscamingue, where the mining sector is an important source of wealth and jobs for local communities. The relaunch of the Beaufor mine and the Beacon plant will support post-pandemic economic recovery, in addition to improving existing facilities in the region and capitalizing on our abundant natural resources.

Pierre Dufour, Minister of Forests, Wildlife and Parks and Minister responsible for the Abitibi-Témiscamingue region and the Nord-du-Québec region

“The mining industry has been and continues to be the key to Quebec’s economic development. With this funding, we are pleased to be working with an experienced team to take over the long-term operations of a gold mine and plant in Abitibi-Témiscamingue, thus helping to develop our natural resources and build our expertise while by generating significant benefits for the region. ‘

Guy LeBlanc, President and Chief Executive Officer of Investissement Québec

Once the transaction closes, Monarch will have a stronger balance sheet, with more than $ 43 million in cash and cash equivalents.

The transaction is subject to certain conditions, including, but not limited to, the signing of a definitive agreement, the approval of the Toronto Stock Exchange and other closing conditions that are standard for transactions of this nature. .

About Investissements Québec

Investissement Québec’s mission is to play an active role in the economic development of Quebec by stimulating innovation, entrepreneurship and business revival, as well as the growth of investments and exports. Active in all administrative regions of Quebec, the company supports the creation and development of businesses of all sizes through investments and adapted financial solutions. Investissement Québec also supports businesses through consulting services and other support measures, including the technological support offered by Investissement Québec – CRIQ. In addition, through Investissement Québec International, the company supports companies in exporting and prospecting for foreign talent and investments in Quebec.

About monarch

Monarch Mining Corporation (TSX: GBAR) is a fully integrated mining company with four advanced projects, including the former, fully licensed Beaufor mine which has produced over one million ounces of gold over the past 30 years. Other advanced assets include the Croinor Gold, McKenzie Break and Swanson properties, all located near the 750 tpd Beacon mill wholly owned and fully licensed by Monarch. Monarch owns 28,702 hectares (287 km2) mining assets in the prolific Abitibi mining camp which hosts 714,982 ounces of combined Measured and Indicated gold resources and 421,793 ounces of combined inferred resources.

Forward-looking statements

The forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch’s actual results, performance and achievements to differ materially from the results, performance or achievements therein. expressed or implied. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.

FOR MORE INFORMATION:

Jean-Marc Lacoste
President and CEO
1-888-994-4465
[email protected]

Mathieu Seguin
Vice-President, Corporate Development
1-888-994-4465
[email protected]

Elisabeth Tremblay
Senior geologist – Communications specialist
1-888-994-4465
[email protected]

www.monarchmining.com

THE SOURCE: Monarch mining company

See the source version on accesswire.com:
https://www.accesswire.com/658087/Monarch-Mining-Corporation-Announces-a-135-Million-Financing-With-Investment-Qubec

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Man Group PLC: Form 8.3

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FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE / TRANSACTION DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the OPA Code (the “Code”)

1. KEY INFORMATION

(a) Full name of whistleblower: Man Group API
(b) Owner or controller of the disclosed interests and short positions, if different from 1 (a):
TThe designation of the representative or the vehicle companies is insufficient. For a trust, the trustee (s), component and beneficiaries must be named.
(vs) Name of the offeror / officer with regard to the titles concerned this form reports:
Use a separate form for each offeror / beneficiary
Bally’s Company
(re) If an exempt fund manager is related to an offeror / offeror, indicate this and specify identity of offering / offering:
(e) Date of the position held / of the transaction undertaken:
For an open position disclosure, State la latest practicable date before disclosure
20/ 07/ 2021
(F) In addition to the company in 1 (c) above, is the discloser make disclosures with regard to everything other party to the offer?
If it is a cash to offer or cash offer possible, indicate “N/A
YES / NO / N / A
If YES, specify which one: recipient: Games Plc group

2. POSITIONS OF THE DISCLOSING PERSON

If there are positions or rights to be subscribed to be disclosed in more than one category of relevant securities of the offeror or the offender named in point 1 (c), copy table 2 (a) or (b) (depending on the case) for each additional category of relevant titles. Security.

(a) Interest and short positions in securities of the offeror or pollicity to which the disclosure relates as a result of the transaction (if only)

Relevant safety class: Common $ 0.01
Interests Short positions
Number % Number %
(1) Relevant securities held and / or controlled: 1,112,385 2.6199 – 1 474 -0.0035
(2) Cash-settled derivatives: 0 – 571 -0.0013
(3) Equity-settled derivatives (including options) and purchase / sale agreements: 0 0

TOTAL:

1,112,385 2.6199 – 2,045 -0.0048

All interests and all short positions must be disclosed.

Details of any opening settled in actions derivative posts (including traded options), or the purchase or sale agreements for the securities concerned, must be given on an additional form 8 (Open positions).

(b) Subscription rights for new titles (including directors and others employee option)

Relevant safety class for which a subscription right exists:
Details, including the nature of the rights concerned and the relevant percentages:

3. RELATIONSHIPS (IF APPLICABLE) BY THE PERSON MAKING THE DISCLOSURE

When there have been transactions on more than one category of relevant securities of the offeror or offender named in point 1 (c), copy table 3 (a), (b), (c) or (d ) (as the case may be) for each class of securities concerned processed.

The currency of all prices and other monetary amounts must be indicated.

(a) Purchases and sales

Relevant safety class Buy Sell Number of titles Price per unit
Common $ 0.01 Sale 310 46.19

(b) Cash-settled derivative transactions

Relevant safety class Product Description
for example CFD
Nature of transaction
for example opening/ close a long/short position, increasing / decreasing a long/short position
Number of reference securities Price per unit

(vs) Equity-settled derivative transactions (including ooptions)

(I) Writing, sales, purchase or variant

Relevant safety class Product Description e.g. call option Writing, purchase, sale, variable etc. Number of ssecurities to which the option relates Exercise the price per unit Type
for example American, European, etc.
Expiration date Option money paid/ received per unit

(ii) Exercisee

Relevant safety class Product Description
for example call option
Exercise / exercised against Number of titles Unit exercise price

(re) Other transactions (including to subscribe to new titles)

Relevant safety class Nature of transaction
for example subscription, conversion
Details Unit price (if applicable)

4. OTHER INFORMATION

(a) Compensation and other trade agreements

redetails of everything compensation or option arrangement, or any agreement or comprehension, formal or informal, relating to relevant securities which may be an inducement to trade or refrain from trading entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
Irrevocable commitments and letters of intent should do not to be understood. Yes there are no such agreements, arrangements or understandings, State “nothing

(b) The agreements, provisions or agreements relating to options or derivatives

redetails of any agreement, arrangement or arrangementformal or informal, between the person make the disclosure and any other person related to:
(I) the voting rights of all the securities concerned under any option; or
(ii) voting rights or the future acquisition or disposal of any relevant security to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, State “nothing

(vs) Attachments

Is a Supplementary form 8 (Open positions) attached? YES/NO
Disclosure Date: 21/ 07/ 2021
Contact Name: Abdi Musse
Phone number: +442071443164

Public disclosures under Rule 8 of the Code must be made to a regulatory information service.

The Panel’s Market Surveillance Unit is available for consultation regarding the Code’s disclosure requirements on +44 (0) 20 7638 0129.

The Code can be viewed on the Group’s website at www.thetakeoverpanel.org.uk.

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Deli Star Corporation plans to open production facility in St. Louis

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ST. LOUIS – Deli Star Corp. announced plans to open a production facility in St. Louis, which is expected to create nearly 500 new jobs in the area.

The new 104,080-square-foot space will replace the old factory in Fayetteville, Ill., Which was damaged by fire last January, according to a press release.

Deli Star Corp., known for manufacturing proteins, has partnered with DCM Group, Ficon Construction and Answers, Inc. to build the new production facility which will be located in the Villa Lighting Building, located at 3049 Chouteau Avenue.

The plant will produce Deli Star’s vacuum-packed protein, stewed meats, charcuterie logs, protein salads, sauces and vegetable protein.

A total of 94,080 square feet will be used for production and the remaining 10,000 square feet will be reserved for offices. Construction is expected to be completed in early 2022, according to the press release.

Deli Star’s Food Discovery Center at City Foundry STL will be two miles from the new factory, “allowing Deli Star to easily serve customers from ideation to scale to production.” , says the press release.

The plant will also be USDA, FDA, HACCP, SQF9.0 certified, focused on customer audit and biological.

Governor Mike Parson said Deli Star will bring nearly $ 100 million in investment to Missouri and create about 500 new jobs in the St. Louis area.

“We are delighted to welcome Deli Star Corp. to Missouri,” said Parson in a report. “Missouri is a great place for food businesses like Deli Star to succeed, and we look forward to seeing this business grow in our state and provide new opportunities for Missourians.”

The new plant will have “the best equipment and production lines in the industry to efficiently deliver high-quality, safe protein,” the press release said.

“We are delighted to announce our plans for the next chapter of Deli Star,” said Justin Siegel, CEO of Deli Star, in a statement.

“After an extensive site selection process, we determined that St. Louis is the ideal location for our new production facility. The city of Saint-Louis offers the best of the country in terms of supply and logistics.

“Additionally, by locating our factory just down the street from our new Food Discovery Center in the city’s growing innovation corridor, we can drive innovation and sourcing more effectively and efficiently. in our company. “

Several companies in the region have collaborated to bring Deli Star to Missouri, including Ameren Missouri, City of St. Louis, Greater St. Louis, Inc., Missouri Department of Economic Development, Missouri Development Finance Board, Missouri Partnership, Spire, St. Louis Economic Development Partnership and St. Louis Development Corp.

“We have learned that what we have built at Deli Star, including our cutting edge science and processes, transcends any specific space. We are bringing our 34 year history to a new facility with optimism, ”said Dr Dan Siegel, Founder and Chairman of the Board of Deli Star.

“Starting from scratch with factory design has allowed Justin and his team to assess and improve what Deli Star is already doing well. We are delighted to serve our customers better and more efficiently than ever. “

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Lear Corporation (LEA) fell out of favor with hedge funds

By Posted on 0 Comments5min read14 views

The last 13F reporting period has passed and Insider Monkey is once again at the forefront when it comes to using this data gold mine. We have processed deposits from over 866 world-class investment firms that we follow and now have access to the collective wisdom contained in those deposits, which are based on their holdings as of March 31, data that is not available anywhere elsewhere. If you consider Lear Corporation (NYSE:LEA) for your wallet? We will look to this invaluable collective wisdom for the answer.

Is Lear Corporation (NYSE:LEA) a great investment now? Leading investors took a pessimistic view. The number of bullish hedge fund positions has fallen by 13 recently. Lear Corporation (NYSE:LEA) was in the portfolios of 23 hedge funds at the end of the first quarter of 2021. The all-time high for this statistic is 44. Our calculations have also shown that LEA is not among the 30 most popular stocks among hedge funds (click for Q1 ranking). There were 36 hedge funds in our database with LEA positions at the end of the fourth quarter.

The reputation of hedge funds as savvy investors has been tarnished over the past decade, as their hedged returns could not keep up with the unhedged returns of stock indices. Hedge funds have over $ 3.5 trillion in assets under management, so you can’t expect all of their portfolios to beat the market with significant margins. Our research identified in advance a select group of hedge funds that have outperformed S&P 500 ETFs by more than 115 percentage points since March 2017 (see details here). So you can still find a lot of gems by following the movements of hedge funds today.

Alexander Roepers of Atlantic Investment Management

At Insider Monkey, we scour multiple sources to uncover the next big investing idea. For example, Chuck Schumer recently said legalizing marijuana would be a Senate priority. So we check this under the radar stock who will benefit. We go through lists like the 10 best stocks of batteries to choose the next Tesla which will offer a 10x return. Even though we only recommend positions in a tiny fraction of the companies we analyze, we check as many stocks as possible. We read letters from hedge fund investors and listen to market arguments at hedge fund conferences. You can subscribe to our free daily newsletter at our home page. With all of that in mind, let’s take a look at the recent hedge fund action surrounding Lear Corporation (NYSE:LEA).

Do hedge funds think LEA is a good stock to buy now?

At the end of March, 23 of the hedge funds tracked by Insider Monkey held long positions in this title, a variation of -36% compared to the previous quarter. Below you can see how hedge fund sentiment towards LEA has evolved over the past 23 quarters. With the whirlwind of smart money sentiment, there is a select group of key hedge fund managers who were significantly increasing their holdings (or already building up significant positions).

Of these funds, Pzena Investment Management held the largest stake in Lear Corporation (NYSE: LEA), which stood at $ 842.8 million at the end of the fourth quarter. In second place was Paradice Investment Management, which raised $ 104.4 million in stocks. Greenhaven Associates, Balyasny Asset Management and Atlantic Investment Management were also very fond of the stock, becoming one of the firm’s largest hedge fund holders. In terms of portfolio weights assigned to each position Atlantic Investment Management assigned the greatest weight to Lear Corporation (NYSE: LEA), approximately 10.22% of its 13F portfolio. Paradice Investment Management is also relatively very bullish on the stock, distributing 5.01% of its 13F equity portfolio to LEA.

Given that Lear Corporation (NYSE: LEA) has seen a decline in interest from the overall hedge fund industry, logic dictates that there is a cult of fund managers who have decided to sell everything. of their assets before the second quarter. Interestingly, Jack Woodruff Chandelier Capital management said goodbye to the largest position in the “top crust” of funds tracked by Insider Monkey, comprising around $ 26.2 million in stocks, and Ben Jacobs’ Anomaly Capital Management was right behind that decision, as the fund said goodbye to around $ 12.9 million. These bearish behaviors are interesting, as overall hedge fund interest fell by 13 funds before the second quarter.

Let’s take a look at the activity of hedge funds in other stocks similar to Lear Corporation (NYSE: LEA). We’ll take a look at Credicorp Ltd. (NYSE:BAP), AGCO Corporation (NYSE:AGCO), Ozon Holdings PLC (NASDAQ:OZONE), Steel Dynamics, Inc. (NASDAQ:STLD), Five Below Inc (NASDAQ:FIVE), Iron Mountain Incorporated (NYSE:MRI) and Repligen Corporation (NASDAQ:RGEN). All market capitalizations of these stocks correspond to the market capitalization of LEA.

See the table here if you have formatting problems.

As you can see, these stocks had an average of 28.3 hedge funds with bullish positions and the average amount invested in these stocks was $ 515 million. That figure was $ 1,218 million in the case of LEA. Five Below Inc (NASDAQ:FIVE) is the most popular action in this table. On the other hand, Iron Mountain Incorporated (NYSE:MRI) is the least popular with only 16 bullish hedge fund positions. Lear Corporation (NYSE: LEA) isn’t the least popular stock in this group, but hedge fund interest is still below average. Our overall hedge fund sentiment score for LEA is 20.6. Stocks with a higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. This is a slightly negative signal and we prefer to spend our time researching the stocks that hedge funds are accumulating on. Our calculations have shown that top 5 most popular stocks among hedge funds, returned 95.8% in 2019 and 2020 and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 23.8% in 2021 through July 16 and again topped the market by 7.7 percentage points. Unfortunately, LEA was not as popular as these 5 stocks (hedge fund sentiment was rather bearish); LEA investors were disappointed as the stock has returned -9.6% since the end of March (through 7/16) and has underperformed the market. If you want to invest in large cap stocks with huge upside potential, you should check out the top 5 most popular stocks among hedge funds, as most of these stocks have already outperformed the market in 2021.

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Disclosure: none. This article originally appeared on Monkey initiate.

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