Arteris Wins Autonomous Vehicle Technology of the Year Award

AutoTech Breakthrough annual awards program recognizes Arteris’ innovation in automotive and transportation technologies around the globe.

CAMPBELL, Calif., Oct. 05, 2023 (GLOBE NEWSWIRE) — Arteris, Inc. (Nasdaq: AIP), a leading provider of system IP that accelerates system-on-chip (SoC) creation, today announced it is the recipient of the prestigious Autonomous Vehicle Technology of the Year award, conducted by AutoTech Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global automotive and transportation technology markets.

Arteris won the Autonomous Vehicle Technology of the Year award for its latest system IP innovation, announced earlier this year. FlexNoC network-on-chip (NoC) IP for automotive advanced driver-assistance systems (ADAS) chips enables SoC architecture teams, logic designers and integrators to incorporate physical constraint management across power, performance and area to deliver a physically aware SoC connectivity.

“Arteris technology is accelerating the development of advanced automotive SoCs for design teams across the globe,” said Bryan Vaughn, managing director of AutoTech Breakthrough Awards. “Arteris is the leader in innovative network-on-chip interconnect IP with functional safety, and they are very deserving of the Autonomous Vehicle Technology of the Year award for their advancements in connectivity IP for the automotive and transportation industry.”

The mission of the annual AutoTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of automotive and transportation technology categories, including Connected Car, Electric Vehicles, Engine Tech, Automotive Cybersecurity, Sensor Technology, Traffic Tech and many more. This year’s program attracted more than 1,600 nominations from over 15 different countries throughout the world.

“Automotive industry innovation continues unabated, pushing the envelope on underlying electronics needed for AI and machine learning autonomous driving SoCs,” said Michal Siwinski, chief marketing officer of Arteris. “Delivering physically aware NoC IP helps our customers predictably design and deploy such chips on schedule, spec and budget. We are honored to be recognized by AutoTech Breakthrough for our technological innovation and its positive impact on semiconductor customers, Tier1s and automotive OEMs.”

About Arteris

Arteris is a leading provider of system IP for the acceleration of system-on-chip (SoC) development across today’s electronic systems. Arteris network-on-chip (NoC) interconnect IP and SoC integration automation technology enable higher product performance with lower power consumption and faster time to market, delivering better SoC economics so its customers can focus on dreaming up what comes next. Learn more at arteris.com.

About AutoTech Breakthrough

Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AutoTech Breakthrough Awards program is devoted to honoring excellence in automotive technologies, services, companies and products. The AutoTech Breakthrough Awards program provides a forum for public recognition around the achievements of AutoTech companies and solutions in categories including Connected Car, Electric Vehicles, Engine Tech, Automotive CyberSecurity, Sensor Technology, Traffic Tech, Vehicle Telematics and more. For more information visit AutoTechBreakthrough.com

© 2004-2023 Arteris, Inc. All rights reserved worldwide. Arteris, Arteris IP, the Arteris IP logo, and the other Arteris marks found at

https://www.arteris.com/trademarks

are trademarks or registered trademarks of Arteris, Inc. or its subsidiaries. All other trademarks are the property of their respective owners.



Arteris Media Contact:
Gina Jacobs
+1 408 560 3044
[email protected]

Johnny Rockets and STARRY® Team up with the U.S. Space & Rocket Center to Launch a Galactic Sweepstakes to Celebrate World Space Week

Win a Family Visit to Space Camp

®

and Savor a Limited-Time Space Week Special

LOS ANGELES, Oct. 05, 2023 (GLOBE NEWSWIRE) — Calling all aspiring astronauts and interstellar enthusiasts! Space Week is blasting off with a partnership from Johnny Rockets, the timeless, all-American burger brand, and STARRY®, the crisp, clear, refreshing, lemon-lime flavored soda from PepsiCo. From Oct. 4 through Oct. 10, Johnny Rockets and STARRY are offering guests the opportunity to win a visit to the U.S. Space and Rocket Center®’s Space Camp® for a family of four, ages 7 and older, and enjoy a cosmically delicious World Space Week Meal at participating locations.

To enter, simply visit bit.ly/JRWorldSpaceWeek. Entrants to the sweepstakes will receive $5 off any order of $15 or more, or $5 off the limited-time World Space Week Meal, which features the Rocket Double®, the iconic burger chain’s signature burger featuring cheddar cheese, lettuce, tomato, and sliced onion topped with Johnny Rockets’ Special Sauce. The meal is complete with a side of Saturn-inspired onion rings and, of course, a STARRY fountain drink.

For more than three decades, Space Camp has ignited the imaginations of young explorers, fostering a passion for the science of space travel. One lucky winner of the Johnny Rockets and STARRY World Space Week sweepstakes will enjoy an immersive adventure fit for the whole family that includes astronaut training, simulated space missions, and engaging courses on the latest advancements in space exploration. Five additional lucky winners will win $500 Johnny Rockets digital gift cards to enjoy burgers, shakes, fries, and fun at their local Johnny Rockets location.

“We are over the moon about partnering with STARRY to offer guests a once-in-a-lifetime opportunity to attend Space Camp with their loved ones,” said Taylor Fischer, Vice President of Marketing at FAT Brands’ Fast Casual Division. “This collaboration embodies our commitment to creating unique and memorable experiences similar to the out-of-this world dining experience our guests know and love from Johnny Rockets. We’re thrilled to invite guests to join us in celebrating the wonders of the galaxy during World Space Week.”

To enter the Johnny Rockets and STARRY World Space Week sweepstakes, please visit bit.ly/JRWorldSpaceWeek. For more information on Johnny Rockets, please visit www.johnnyrockets.com. Enrollment in Family Space Camp is subject to availability and must be attended by Dec. 31, 2024. STARRY is a registered trademark of Portfolio Concentrate Solutions UC.

No purchase necessary. Internet Access Required. Open to legal residents of the United States, 18 years or older or age of majority in their state at the time of entry, except residents of Florida and New York are not eligible. Void where prohibited. Limit one entry per person/email address. Subject to Official Rules available at www.johnnyrockets.com/sweepstakesrules.

###


About FAT (Fresh. Authentic. Tasty.) Brands

FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets and develops fast casual, quick-service, casual and polished casual dining restaurant concepts around the world. The Company currently owns 18 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Smokey Bones, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide. For more information on FAT Brands, please visit www.fatbrands.com.


About Johnny Rockets

Founded in 1986 on Melrose Avenue in Los Angeles, Johnny Rockets is a world-renowned international franchise that offers high-quality, innovative menu items including Certified Angus Beef® cooked-to-order hamburgers, veggie burgers, chicken sandwiches, crispy fries, and rich, delicious hand-spun shakes and malts. With over 325 locations in over 25 countries around the globe, this dynamic lifestyle brand offers friendly service and upbeat music contributing to the chain’s signature atmosphere of relaxed, casual fun.

For more information, visit www.johnnyrockets.com


About the U.S. Space & Rocket Center

The U.S. Space & Rocket Center, a Smithsonian Affiliate, is home to Space Camp®, Space Camp® Robotics, Aviation Challenge® and U.S. Cyber Camp®, as well as the Apollo 16 capsule, the National Historic Landmark Saturn V rocket and the world-class INTUITIVE® Planetarium. The USSRC is the Official Visitor Center for NASA Marshall Space Flight Center and is a showcase for national defense technologies developed at the U.S. Army’s Redstone Arsenal.


About PepsiCo

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $86 billion in net revenue in 2022, driven by a complementary beverage and convenient foods portfolio that includes Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com, and follow on Twitter, Instagram, Facebook, and LinkedIn @PepsiCo.

Media Relations

Ali Lloyd
[email protected]
435-760-6168



Prestige Consumer Healthcare Inc. to Release Fiscal 2024 Second Quarter Earnings Results

TARRYTOWN, N.Y., Oct. 05, 2023 (GLOBE NEWSWIRE) — Prestige Consumer Healthcare Inc. (NYSE:PBH) today announced that it will issue its fiscal 2024 second quarter earnings release on Thursday, November 2, 2023 before the opening of the market. The Company will host a conference call to discuss the results that same morning at 8:30 a.m. ET.

To participate in the live Internet webcast of the conference call, it can be accessed from the Investor Relations page of www.prestigeconsumerhealthcare.com. To participate in the conference call via phone, participants may register for the call here to receive dial-in details and a unique pin. While not required, it is recommended to join 10 minutes prior to the event start.

A conference call replay will be available for approximately one week following completion of the live call and can be accessed on the Company’s Investor Relations page.

About Prestige Consumer Healthcare Inc.

Prestige Consumer Healthcare markets, sells, manufactures and distributes consumer healthcare products to retail outlets throughout the U.S. and Canada, Australia, and in certain other international markets. The Company’s diverse portfolio of brands include Monistat® and Summer’s Eve® women’s health products, BC® and Goody’s® pain relievers, Clear Eyes® and TheraTears® eye care products, DenTek® specialty oral care products, Dramamine® motion sickness treatments, Fleet® enemas and glycerin suppositories, Chloraseptic® and Luden’s® sore throat treatments and drops, Compound W® wart treatments, Little Remedies® pediatric over-the-counter products, Boudreaux’s Butt Paste® diaper rash ointments, Nix® lice treatment, Debrox® earwax remover, Gaviscon® antacid in Canada, and Hydralyte® rehydration products and the Fess® line of nasal and sinus care products in Australia. Visit the Company’s website at www.prestigeconsumerhealthcare.com.

Investor Relations Contact
Phil Terpolilli, CFA, 914-524-6819
[email protected]



CalAmp Reports Second Quarter Fiscal Year 2024 Financial Results

The company generated positive Cash Flow from Operations and continued strong Adjusted EBITDA in Q2

IRVINE, Calif., Oct. 05, 2023 (GLOBE NEWSWIRE) — CalAmp (Nasdaq: CAMP), a connected intelligence company that helps organizations monitor, track and protect their vital assets, today reported financial results for its second quarter of fiscal year 2024 ended August 31, 2023.  

Second Quarter Fiscal Year 2024 Financial Overview 

  • Total revenue was $61.7 million in the quarter, representing a $9.2 million decline sequentially and an $11.1 million decline year over year. 
  • Gross margin in the quarter decreased 200 basis points sequentially and 370 basis points year over year to 36.2% as a result of lower volumes and shift in product mix driven by strong shipments to industrial customers.
  • Software and Subscription Services (S&SS) revenue was $40.4 million in the quarter, down $4.6 million sequentially and $4.2 million year over year.   
  • Telematics Products revenue was $21.4 million, including a strong quarter from a large Industrial customer. This represented a $4.6 million decline sequentially and a $7.0 million decline year over year.
  • Recurring Application Subscription revenues were $18.7 million, representing a $0.5 million sequential decline, and a $1.8 million decline year over year.
  • Adjusted EBITDA decreased sequentially by $0.2 million and increased year over year by $1.1 million to $5.9 million in the quarter, or approximately 10% of revenue, driven by the realization of cost efficiencies.
  • GAAP net loss from continuing operations was $4.2 million, or a loss of $0.11 per share, a sequential decline from a loss of $4.0 million or $0.11 per share, and a year over year improvement from a loss of $7.5 million or a loss of $0.21 per share. 
  • Ended the quarter with $38.6 million in cash and cash equivalents and have $32.7 million of undrawn line availability subject to customary covenant tests.
  • As previously disclosed, we received a deficiency letter from the Nasdaq Stock Market notifying us that our stock price is not currently in compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on Nasdaq. We have a Nasdaq initial compliance period that expires February 20, 2024, and we are exploring options to address this issue. For further details, see our Quarterly Report on Form 10-Q.

“CalAmp generated positive Cash Flow from Operations of $7.1 million and achieved strong Adjusted EBITDA of $5.9 million in the quarter as a result of our continued commitment to cost efficiencies. Consolidated revenue in the quarter was softer than expected as shipments of Telematics Products to our TSP and Channel customers slowed.  We are supporting these customers as they realign inventories with visible demand and respond to competitive pressures. While supporting this important segment, we are also pursuing growth opportunities in our other markets, powered by important new product releases such as our Vision 2.0 and ELD solutions.” said Interim CEO, Jason Cohenour. “As we navigate our dynamic marketplace, we will hone our segment focus and capture efficiencies as we strive to deliver non-GAAP profitable growth and positive cash flow.”

Business and Recent Highlights

  • Chosen by Transportes Castores, one of the largest Transportation and Logistics fleets in Mexico, as their partner for both tractor and trailer telematics.
  • Launched our new Electronic Logging Device (ELD) solution to the market.
  • Continued strong performance in our International Connected Car business (LoJack), powered by expanding deployments with large automotive OEMs and car rental agencies.
Summary Financial Information From Continuing Operations:

(In thousands except per share amounts)
             
    Three Months Ended     Six Months Ended  
    August 31,     August 31,  
Description   2023     2022     2023     2022  
Revenues:                        
Software & Subscription Services (S&SS)   $ 40,358     $ 44,511     $ 85,310     $ 84,068  
Telematics Products     21,356       28,317       47,295       53,486  
    $ 61,714     $ 72,828     $ 132,605     $ 137,554  
                         
Gross margin     36 %     40 %     37 %     40 %
                         
Net loss   $ (4,225 )   $ (7,494 )   $ (8,257 )   $ (19,667 )
Net loss per diluted share   $ (0.11 )   $ (0.21 )   $ (0.22 )   $ (0.55 )
Non-GAAP measures:                        
Adjusted EBITDA   $ 5,874     $ 4,766     $ 11,919     $ 6,622  
Adjusted EBITDA margin     10 %     7 %     9 %     5 %
                         
                         
Cash Flow from Operations   $ 7,143     $ (10,125 )   $ 4,163     $ (25,675 )

    August 31,     February 28,  
Description   2023     2023  
Cash and cash equivalents   $ 38,562     $ 41,928  
Working capital     70,619       68,295  
Deferred revenue     35,448       36,552  
Total debt (carrying value)     227,959       228,121  
             

    August 31,  
S&SS Supplemental Information:   2023     2022  
Remaining performance obligations   $ 194,200     $ 210,340  
Subscribers     1,765       1,307  

  Three Months Ended  
  Aug 31, 2023     Aug 31, 2022     May 31, 2023  
Revenue by type of goods and services:                
Telematics devices and accessories (1) $ 37,358     $ 45,694     $ 46,291  
Rental income and other services $ 5,656       6,656     $ 5,434  
Recurring application subscriptions (2) $ 18,700       20,478     $ 19,166  
Total $ 61,714     $ 72,828     $ 70,891  
                 
Recurring application subscriptions, excluding Automotive Vehicle Finance Business (1) $ 18,694     $ 19,858     $ 19,166  

  1. Telematics devices and accessories during the three months ended August 31, 2023 includes a reversal of $1.2M of revenue related to an exchange of product in support of our customer’s specialized regional requirements.
  2. Recurring application subscriptions includes $0.0 million, $0.6 million, and $0.0 million during the three months ended August 31, 2023, August 31, 2022, and May 31, 2023, respectively, attributable to the auto vehicle finance business which has been completely wound down. The three months ended August 31, 2023 additionally includes ($0.4M) of adjustments related to prior periods.

Third Quarter Fiscal Year 2024 Business Outlook

We expect FY24 Q3 revenues and Adjusted EBITDA to be slightly down sequentially.

A reconciliation of non-GAAP guidance financial measures to corresponding GAAP guidance financial measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty and potential variability of expenses, such as stock-based compensation expense-related charges, that may be incurred in the future and cannot be reasonably determined or predicted at this time. It is important to note that these factors could be material to our results of operations computed in accordance with GAAP.

Conference Call and Webcast

CalAmp is hosting a conference call for analysts and investors to discuss its second quarter fiscal year 2024 results at 2:00 p.m. Pacific Time today. Participants can listen in via webcast by visiting the Investor Relations section of its website at www.calamp.com. Please go to the website at least 15 minutes early to register, download and install any necessary audio software. A replay of the webcast will be available for 90 days after the call. The conference call can also be accessed by dialing 833-470-1428  (+1-404-975-4839 for international callers) and using the Conference ID #757030. Following the call, an audio replay will also be available by calling 866-813-9403 or  1-929-458-6194 and entering the Replay ID # 181919. The audio replay will be available through October 12, 2023.

About CalAmp

CalAmp (Nasdaq: CAMP) provides flexible solutions to help organizations worldwide monitor, track and protect their vital assets. Our unique combination of software, devices, and platform enables commercial and government organizations worldwide to increase efficiency, safety and transparency while accommodating the unique ways they do business. With over 10 million active edge devices and 275+ issued or pending patents, CalAmp is the telematics leader organizations turn to for innovation and dependability. For more information, visit calamp.com, or LinkedInTwitter, YouTube or CalAmp Blog.

Forward-Looking Statements

This announcement contains forward-looking statements (including within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as amended) concerning CalAmp. These statements include, but are not limited to, statements that address our expected future business and financial performance and statements about (i) our plans, objectives and intentions with respect to future operations, services and products, (ii) our competitive position and opportunities, (iii) our comprehensive review of strategic alternatives focused on enhancing  shareholder value, and (iv) other statements identified by words such as such as “may”, “will”, “expect”, “intend”, “plan”, “potential”, “believe”, “seek”, “could”, “estimate”, “judgment”, “targeting”, “should”, “anticipate”, “predict”, “project”, “aim”, “goal”, and similar words, phrases or expressions. These forward-looking statements are based on management’s current expectations and beliefs, as well as assumptions made by, and information currently available to, management, current market trends and market conditions, and involve risks and uncertainties, many of which are outside of our control, and which may cause actual results to differ materially from those contained in forward-looking statements. Accordingly, you should not place undue reliance on such statements. Particular uncertainties that could materially affect future results include any risks associated with global economic conditions and concerns; the outcome of our comprehensive review of strategic alternatives, including the availability of any strategic alternatives that are worthwhile to pursue; the effects of global outbreaks of pandemics or contagious diseases or fear of such outbreaks, such as the recent coronavirus (COVID-19) pandemic; global component shortages due to supply chain constraints caused by the COVID-19 pandemic; disruptions in sales, operations, relationships with customers, suppliers, employees; our ability to successfully and timely accomplish our transformation to a SaaS solutions provider; our transition out of the automotive vehicle financing business; competitive pressures; pricing declines; demand for our telematics products; rates of growth in our target markets; prolonged disruptions of our contract manufacturers’ facilities or other significant operations; force majeure or force-majeure-like events at our contract manufacturers’ facilities including component shortages; the ongoing diversification of our global supply chain; our dependence on outsourced service providers for certain key business services and their ability to execute to our requirements; our ability to improve gross margin; cost-containment measures; legislative, trade, tariff, and regulatory actions; integration, unexpected charges or expenses in connection with acquisitions; the impact of legal proceedings and compliance risks; the impact on our business and reputation from information technology system failures, network disruptions, cyber-attacks, or losses or unauthorized access to, or release of, confidential information; the ability of the Company to comply with laws and regulations regarding data protection; our ability to protect our intellectual property and the unpredictability of any associated litigation expenses; any expenses or reputational damage associated with resolving customer product and warranty and indemnification claims; our ability to sell to new types of customers and to keep pace with technological advances; market acceptance of the end products into which our products are designed; and other events and trends on a national, regional and global scale, including those of a political, economic, business, competitive, and regulatory nature. More information on these risks and other potential factors that could affect our financial results is included in our filings with the U.S. Securities and Exchange Commission (“SEC”), including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings, which you may obtain for free at the SEC’s website at http://www.sec.gov. We undertake no intent or obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, which speak as of their respective dates except as required by law.

Non-GAAP Financial Measures

“GAAP” refers to financial information presented in accordance with U.S. Generally Accepted Accounting Principles. This announcement includes non-GAAP financial measures, as defined in Regulation G promulgated by the SEC. We believe that our presentation of non-GAAP financial measures provides useful supplementary information to investors. These non-GAAP financial measures are provided in addition to, and not as a substitute for measures of financial performance prepared in accordance with GAAP.

In this announcement, we report the non-GAAP financial measures of Adjusted EBITDA (earnings before investment income, interest expense, taxes, depreciation, amortization, stock-based compensation, acquisition and integration expenses, non-cash costs and expenses arising from purchase accounting adjustments, litigation and legal expenses, impairment losses and certain other adjustments as detailed in the accompanying non-GAAP reconciliation), and Adjusted EBITDA margin. We use these non-GAAP financial measures to provide investors with additional information about our financial performance and future prospects of our core business activities. Internally, these non-GAAP measures are significant measures used by management for purposes of evaluating our core operating performance, establishing internal budgets, calculating return on investment for development programs and growth initiatives, comparing performance with internal forecasts and targeted business models, strategic planning, evaluating and valuing potential acquisition candidates and how their operations compare to our operations, and benchmarking performance externally against our competitors. We believe this non-GAAP financial information provides additional insight into our ongoing performance and have therefore chosen to provide this information to investors to help them evaluate our results of ongoing operations and enable additional period-to-period comparisons. The presentation of these and other similar items in our non-GAAP financial results should not be interpreted as implying that these items are non-recurring, infrequent, or unusual.

CalAmp, LoJack,

TRACKER

,

Here Comes The Bus

,

Bus Guardian

,

iOn Vision

,

CrashBoxx

and associated logos are among the trademarks of CalAmp and/or its affiliates in the United States, certain other countries and/or the EU. Spireon acquired the LoJack® U.S. Stolen Vehicle Recovery (SVR) business from CalAmp and holds an exclusive license to the LoJack mark in the United States and Canada. Any other trademarks or trade names mentioned are the property of their respective owners.

AT CALAMP: AT CALAMP:
Jikun Kim Logan Lucas
SVP & CFO Corporate Strategy

[email protected]

[email protected]

CALAMP CORP.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Amounts in thousands, except per share amounts)

(Unaudited)
           
  Three Months Ended     Fiscal Year Ended  
  August 31,     August 31,  
    2023       2022       2023       2022  
                               
Revenues $   61,714     $   72,828     $   132,605     $   137,554  
Cost of revenues     39,370      $   43,816         83,200         82,895  
Gross profit     22,344         29,012         49,405         54,659  
Operating expenses:                              
Research and development     4,800      $   6,757         10,642         13,757  
Selling and marketing     9,618      $   12,734         20,641         24,212  
General and administrative     10,014      $   13,530         21,368         28,692  
Intangible asset amortization     1,128      $   1,330         2,350         2,672  
Total operating expenses     25,560         34,351         55,001         69,333  
Operating loss     (3,216 )       (5,339 )       (5,596 )       (14,674 )
Non-operating income (expense):                              
Investment income     277      $   (58 )       484         (172 )
Interest expense     (1,574 )    $   (1,464 )       (3,252 )       (2,997 )
Other expense, net     723      $   (507 )       594         (1,449 )
Total non-operating expenses     (574 )       (2,029 )       (2,174 )       (4,618 )
Loss from operations before income taxes     (3,790 )       (7,368 )       (7,770 )       (19,292 )
Income tax provision     (435 )    $   (126 )       (487 )       (375 )
Net loss $   (4,225 )   $   (7,494 )   $   (8,257 )   $   (19,667 )
Loss per share – continuing operations:                              
Basic $   (0.11 )   $   (0.21 )   $   (0.22 )   $   (0.55 )
Diluted $   (0.11 )   $   (0.21 )   $   (0.22 )   $   (0.55 )
Shares used in computing earnings (loss) per share:                              
  Basic     36,988         36,006         36,810         35,864  
  Diluted     36,988         36,006         36,810         35,864  


– more –

CALAMP CORP.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Amounts in thousands)

(Unaudited)
                 
        August 31,     February 28,  
        2023     2023  
                                Assets                  
                     
Current assets:                    
Cash and cash equivalents       $   38,562     $   41,928  
Accounts receivable, net           71,385         82,946  
Inventories           29,822         23,902  
Prepaid expenses and other current assets           26,617         26,019  
Total current assets           166,386         174,795  
                     
Property and equipment, net           28,791         32,832  
Operating lease right-of-use assets           11,130         12,293  
Deferred income tax assets           3,395         3,275  
Goodwill           95,275         94,214  
Other intangible assets, net           24,887         26,633  
Other assets           34,054         36,078  
Total assets       $   363,918     $   380,120  
                     
                      Liabilities and Stockholders’ Equity                    
                     
Current liabilities:                    
Current portion of long-term debt       $       $   705  
Accounts payable           46,206         52,716  
Accrued payroll and employee benefits           8,597         11,766  
Deferred revenue           24,764         25,448  
Other current liabilities           16,200         15,865  
Total current liabilities           95,767         106,500  
                     
Long-term debt, net of current portion           227,959         227,416  
Operating lease liabilities           10,385         12,314  
Other non-current liabilities           19,243         19,583  
Total liabilities           353,354         365,813  
Stockholders’ equity:                    
  Common stock           377         374  
  Additional paid-in capital           188,200         184,672  
  Accumulated deficit           (177,073 )       (168,816 )
  Accumulated other comprehensive loss           (940 )       (1,923 )
Total stockholders’ equity           10,564         14,307  
Total liabilities and stockholders’ equity       $   363,918     $   380,120  
                     


– more –

CALAMP CORP.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in thousands)

 (Unaudited)
       
    Six Months Ended  
    August 31,  
      2023       2022  
CASH FLOWS FROM OPERATING ACTIVITIES:              
  Net loss $   (8,257 )   $   (19,667 )
                 
  Depreciation expense     8,795         8,215  
  Intangible asset amortization     2,350         2,672  
  Stock-based compensation     3,902         6,156  
  Amortization of debt issuance costs and discount     554         594  
  Non-cash operating lease cost     1,673         1,756  
  Revenue assigned to factors     (716 )       (1,524 )
  Deferred tax assets, net     1         129  
  Other     30         (67 )
  Changes in operating assets and liabilities of continuing operations     (4,169 )       (23,939 )
NET CASH USED IN OPERATING ACTIVITIES     4,163         (25,675 )
                 
CASH FLOWS FROM INVESTING ACTIVITIES:              
  Capital expenditures     (3,824 )       (4,891 )
NET CASH USED IN INVESTING ACTIVITIES     (3,824 )       (4,891 )
                 
CASH FLOWS FROM FINANCING ACTIVITIES:              
  Taxes paid related to net share settlement of vested equity awards     (502 )       (1,568 )
  Proceeds from exercise of stock options and contributions to employee stock purchase plan     131         502  
NET CASH USED IN FINANCING ACTIVITIES     (371 )       (1,066 )
                 
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS     (3,334 )       132  
Net change in cash and cash equivalents     (3,366 )       (31,500 )
Cash and cash equivalents at beginning of year     41,928         79,221  
Cash and cash equivalents at end of year $   38,562     $   47,721  



CALAMP CORP.

RECONCILIATION OF NON-GAAP MEASURES TO GAAP

(Unaudited)

GAAP refers to financial information presented in accordance with U.S. Generally Accepted Accounting Principles. This announcement includes non-GAAP financial measures, as defined in Regulation G promulgated by the Securities and Exchange Commission.  We believe that our presentation of non-GAAP financial measures provides useful supplementary information to investors.  The presentation of non-GAAP financial measures is not meant to be considered in isolation from or as a substitute for results prepared in accordance with GAAP.

In this announcement, we report the non-GAAP financial measures of Adjusted EBITDA (earnings before investment income, interest expense, taxes, depreciation, amortization, stock-based compensation and other adjustments as identified below), and Adjusted EBITDA margin. We use these non-GAAP financial measures to provide investors with an overall understanding of the financial performance and future prospects of our core business activities. Specifically, we believe that the use of these non-GAAP measures facilitates the comparison of results of core business operations between current and past periods. 

The reconciliation of GAAP-basis net loss to Adjusted EBITDA and the calculation of Adjusted EBITDA margin are as follows (dollars in thousands):

  Three Months Ended     Six Months Ended  
  August 31,     August 31,  
  2023     2022     2023     2022  
                               
GAAP basis net loss $   (4,225 )   $   (7,494 )   $   (8,257 )   $   (19,667 )
                               
Investment (income) loss     (277 )       58         (484 )       172  
Interest expense     1,574         1,464         3,252         2,997  
Income tax provision     435         126         487         375  
Depreciation and amortization     5,595         5,389         11,145         10,887  
Stock-based compensation     1,724         3,196         3,902         6,156  
Litigation and non-recurring legal expenses     14         1,417         189         4,548  
Restructuring                              
Costs incurred in transition of LoJack North America business to acquiror (a)     (276 )       233         (240 )       985  
Other     1,310         377         1,925         169  
Adjusted EBITDA $   5,874     $   4,766     $   11,919     $   6,622  
                               
Revenues $   61,714     $   72,828     $   132,605     $   137,554  
                               
Adjusted EBITDA margin     10 %       7 %       9 %       5 %

  1. Costs incurred in transition of business to acquiror are attributable to the wind-down and transfer of the LoJack North America business to Spireon.



F5 Adds Michel Combes to Board of Directors

F5 Adds Michel Combes to Board of Directors

SEATTLE–(BUSINESS WIRE)–
F5, Inc. (NASDAQ: FFIV) today announced the appointment of Michel Combes, to its board of directors. Combes, 61, is a proven leader with more than 30 years of experience in the telecommunications and technology industries. Mr. Combes joins F5’s board effective September 29, 2023. Combes previously served as a director for F5 from July 2018 to March 2021.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231005310612/en/

Michel Combes, Executive Vice President, Claure Group (Photo: Business Wire)

Michel Combes, Executive Vice President, Claure Group (Photo: Business Wire)

“We are pleased to welcome Michel back to the F5 board,” said Alan Higginson, chair of the F5, Inc. board. “His experience leading some of the world’s largest telecom operators gives him unparalleled insight into a large segment of F5’s customer base. He also brings a depth of operational experience managing large, complex organizations, technology industry expertise, and a strong global perspective to F5’s board.”

Mr. Combes currently serves as Executive Vice President at Claure Group, a global entrepreneurial and investment firm. He served previously as Chief Executive Officer and as president of SoftBank Group International, from June 2020 to June 2022, and as President and Chief Executive Officer of Sprint from January 2018 until April 2020. His prior leadership roles also include Chief Executive Officer of Altice N.V., Chief Executive Officer of Alcatel-Lucent, Chief Executive Officer of Vodafone Europe, Chairperson and Chief Executive Officer of TDF Group, and Chief Financial Officer and Senior Executive Vice President of France Telecom.

Mr. Combes currently serves as Director and Chair of the Audit Committee for Phillip Morris International, and as Director and Chair of the Nominations & Renumerations Committee for Etisalat. He is also a member of the Advisory Team of McLaren Racing Limited.

Mr. Combes is a graduate of École Polytechnique and Télécom ParisTech, with a focus in engineering.

F5’s board is committed to adding strong new voices through transformation. With Combes’ appointment, F5’s board expands to 11 members, 10 of whom are independent. F5 has a diverse board including three directors who are women, and an additional four directors that identify as racially or ethnically diverse, with one identifying as African American or Black, two identifying as Asian, and one identifying as Hispanic or Latino(a).

About F5

F5 is a multi-cloud application services and security company committed to bringing a better digital world to life.​​​​​​​ F5 partners with the world’s largest, most advanced organizations to secure and optimize every app and API anywhere—on premises, in the cloud, or at the edge. F5 enables organizations to provide exceptional, secure digital experiences for their customers and continuously stay ahead of threats. For more information, go to f5.com. (NASDAQ: FFIV)

You can also follow @F5 on Twitter or visit us on LinkedIn and Facebook for more information about F5, its partners, and technologies. F5 is a trademark, service mark, or tradename of F5, Inc., in the U.S. and other countries. All other product and company names herein may be trademarks of their respective owners.

Source: F5, Inc.

Investors

Suzanne DuLong

+1 (206) 272-7049

[email protected]

Media

Rob Gruening

+1 (206) 272-6208

[email protected]

KEYWORDS: Washington United States North America

INDUSTRY KEYWORDS: Security Apps/Applications Technology Telecommunications Software Internet

MEDIA:

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Michel Combes, Executive Vice President, Claure Group (Photo: Business Wire)

Athira Pharma Presents Preclinical Data Further Supporting the Therapeutic Potential of ATH-1105 in Amyotrophic Lateral Sclerosis (ALS)

New results support the neuroprotective effects of ATH-1105 in preclinical models of ALS, as indicated by consistent reduction in plasma neurofilament light chain (NfL) levels and preservation of motor function

Data presented at invitational Northeast ALS Consortium (NEALS) meeting

BOTHELL, Wash., Oct. 05, 2023 (GLOBE NEWSWIRE) — Athira Pharma, Inc. (NASDAQ: ATHA), a late clinical-stage biopharmaceutical company focused on developing small molecules to restore neuronal health and slow neurodegeneration, presented new preclinical data supporting the potential benefit of ATH-1105 for the treatment of amyotrophic lateral sclerosis (ALS) at the 22nd Annual Northeast ALS Consortium (NEALS) Meeting, taking place October 4-6, 2023, virtually and in-person in Clearwater, Florida. ATH-1105 is an orally administered small molecule therapeutic candidate designed to enhance the neurotrophic hepatocyte growth factor (HGF) system.

“Our findings add to the growing body of evidence that ATH-1105 offers broad neuroprotective activity in preclinical models of ALS, including the rescue of motor neurons from insults in vitro and reduction in plasma neurofilament light (NfL), decreased pTDP-43 accumulation in nerves, and improvements in motor and nerve function in vivo,” stated Kevin Church, Ph.D., Chief Scientific Officer, Athira Pharma. “There is an urgent need for new ALS treatment options, particularly those aimed at stopping or slowing neurodegeneration. We are encouraged by the consistent benefit of ATH-1105 in these animal models, whether given pre- or post-symptom onset or in combination with riluzole. These findings underscore the broad neuroprotective activity of ATH-1105 and support its ongoing development.”

Poster Presentation (Poster #146): ATH-1105, a small molecule positive modulator of the hepatocyte growth factor system, is neuroprotective in a mouse model of ALS when administered pre- or post-symptom onset, or in combination with riluzole

ATH-1105 demonstrated neuroprotective properties in several preclinical models of ALS:

  • In vitro, ATH-1105 protected motor neurons from excitotoxicity, reduced TDP-43 mis-localization, preserved metabolic stability, and maintained neuromuscular junction integrity.
  • In vivo, treatment with ATH-1105 improved motor and nerve function, mitigated inflammation and neurodegeneration, and reduced plasma NfL and pTDP-43 accumulation in ALS mice when administered alone or in combination with riluzole.

NEALS is a closed meeting, and the presentation will be available on the Scientific Publications & Presentations page of the company’s website at www.athira.com.

About ATH-1105

ATH-1105 is an orally administered small molecule designed to positively modulate the neurotrophic hepatocyte growth factor (HGF) system, which plays a critical role in nervous system maintenance and repair, including stimulation of cell survival, increase in neuronal outgrowth and modulation of neuronal network repair. In preclinical models of amyotrophic lateral sclerosis (ALS), ATH-1105 has been shown to significantly increase survival and delay time to first death, enhance motor and nerve function, reduce motor neuron demyelination and axon degeneration, and improve biomarkers of neurodegeneration and inflammation.

About Athira Pharma, Inc.

Athira Pharma, Inc., headquartered in the Seattle, Washington area, is a late clinical-stage biopharmaceutical company focused on developing small molecules to restore neuronal health and slow neurodegeneration. Athira aims to alter the course of neurological diseases by advancing its pipeline of therapeutic candidates targeting the neurotrophic HGF system for Alzheimer’s and Parkinson’s disease, Dementia with Lewy bodies, and amyotrophic lateral sclerosis. For more information, visit www.athira.com.
You can also follow Athira on Facebook, LinkedIn, X (formerly known as Twitter) and Instagram.

Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not based on historical fact and include statements regarding: product candidates as a potential treatment for Alzheimer’s disease, Parkinson’s disease, Dementia with Lewy bodies, and other neurodegenerative diseases, such as amyotrophic lateral sclerosis and frontotemporal dementia; future development plans; expectations regarding the potential efficacy and commercial potential of Athira’s product candidates; and Athira’s ability to advance its product candidates into later stages of development. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “on track,” “would,” “expect,” “plan,” “believe,” “intend,” “pursue,” “continue,” “suggest,” “potential,” and other similar expressions, among others. Any forward-looking statements are based on management’s current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the data from preclinical and clinical trials may not support the safety, efficacy and tolerability of Athira’s product candidates; development of product candidates may cease or be delayed; regulatory authorities could object to protocols, amendments and other submissions; future potential regulatory milestones for product candidates, including those related to current and planned clinical studies, may be insufficient to support regulatory submissions or approval; Athira may not be able to recruit sufficient patients for its clinical trials; the outcome of legal proceedings that have been or may in the future be instituted against Athira, its directors and officers; possible negative interactions of Athira’s product candidates with other treatments; Athira’s assumptions regarding the sufficiency of its cash, cash equivalents and investments to fund its planned operations may be incorrect; adverse conditions in the general domestic and global economic markets; the impact of competition; regulatory agencies may be delayed in reviewing, commenting on or approving any of Athira’s clinical development plans as a result of pandemics or health epidemics, which could further delay development timelines; the impact of expanded product development and clinical activities on operating expenses; the impact of new or changing laws and regulations; as well as the other risks detailed in Athira’s filings with the Securities and Exchange Commission from time to time. These forward-looking statements speak only as of the date hereof and Athira undertakes no obligation to update forward-looking statements. Athira may not actually achieve the plans, intentions, or expectations disclosed in its forward-looking statements, and you should not place undue reliance on the forward-looking statements.

Investor & Media Contact

Julie Rathbun
Athira Pharma
[email protected] 
206-769-9219 



Pfizer Presents New Data at IDWeek 2023 Highlighting Advances in Prevention and Treatment of Certain Respiratory Illnesses and Other Infectious Diseases

Pfizer Presents New Data at IDWeek 2023 Highlighting Advances in Prevention and Treatment of Certain Respiratory Illnesses and Other Infectious Diseases

  • Presentations showcase diversity and momentum of Pfizer’s growing portfolio of vaccines and anti-infectives

NEW YORK–(BUSINESS WIRE)–Pfizer Inc. (NYSE: PFE) will present data across its infectious disease portfolio at the upcoming IDWeek 2023 held in Boston from October 11-15, 2023. Data from 45 abstracts will highlight the advances Pfizer is making in helping prevent and treat certain infectious diseases, particularly respiratory illnesses. This will include research featured in the IDWeek press program assessing the potential public health impact of ABRYSVO™ (Respiratory Syncytial Virus Vaccine), the company’s bivalent respiratory syncytial virus prefusion F (RSVpreF) vaccine for maternal immunization to protect infants against RSV illness.

“The data at this year’s IDWeek highlight Pfizer’s commitment to transforming respiratory health, an area where we are proud to have delivered several innovative vaccine and treatment options over the last three years. We also continue to actively investigate infectious diseases more broadly, with a diverse pipeline of innovative vaccine and anti-infective treatment candidates,” said Annaliesa Anderson, Ph.D., Senior Vice President and Head, Vaccine Research and Development, Pfizer. “With our unique scientific capabilities and vaccine technology platforms, we are unwavering in the fight against the world’s most pressing disease challenges. We are excited to present our latest clinical results that support our growing infectious disease portfolio for the purpose of improving global health outcomes.”

“The burden of respiratory illnesses on global public health is significant. It is particularly relevant as we enter the winter respiratory season in the Northern Hemisphere and once again face the threat of a possible tripledemic with influenza, RSV and COVID-19 co-circulating,” said Luis Jodar, Ph. D., Chief Medical Affairs Officer, Vaccines/Antivirals and Evidence Generation, Pfizer. “At IDWeek, we are pleased to share real-world data that will help educate healthcare professionals about the role Pfizer’s vaccines and treatments can play in helping mitigate the impact of certain respiratory infections during this critical period.”

Pfizer’s participation at IDWeek 2023 comprises breakthrough research from across the company’s robust infectious disease portfolio, covering RSV, COVID-19, pneumococcal disease, Lyme disease, meningococcal disease, multidrug-resistant gram-negative bacterial infections and more. Eight abstracts have been selected for oral presentation, including data on the successful coadministration of ABRYSVO with an influenza vaccine in older adults and results from the Phase 3 REVISIT study of Pfizer’s investigational antibiotic combination aztreonam-avibactam (ATM-AVI) candidate. Data highlighting the real-world effectiveness of Pfizer’s FDA-approved COVID-19 oral treatment for adults, PAXLOVID™ (nirmatrelvir tablets; ritonavir tablets), will also be featured at the meeting.

A complete list of Pfizer-sponsored accepted abstracts is available here.

Details for Pfizer-sponsored oral presentations are below:

Title/ Abstract Number

Presenting Name/Type

Date/ Time

EDT

Location

IDWEEK PRESS PROGRAM

1942 – Potential Public Health Impact of Bivalent Respiratory Syncytial Virus Prefusion F (RSVpreF) Maternal Vaccine for Prevention of RSV Among US Infants

Amy W. Law, PharmD

Oct 13

2:15 – 2:30 PM US ET

104 ABC

ORAL PRESENTATIONS

1019 – Respiratory Syncytial Virus (RSV) Diagnoses in Hospitalized Patients Increases when Additional Specimen Types are Added to Nasopharyngeal Swab: Results from the RSV in Adults Multispecimen Study

Elizabeth Begier, MD, MPH

Oct 12

3:15 – 3:33 PM US ET

104 ABC

 

 

 

 

1941 – Coadministration of Bivalent Respiratory Syncytial Virus (RSVpreF) Vaccine with Influenza Vaccine in Older Adults

 

James Baber, MBChB, MPH

Oct 13

2:00 – 2:15 PM US ET

104 ABC

1944 – Tolerability and Safety of 20-Valent Pneumococcal Conjugate Vaccine (PCV20) in Infants and Older Children in Global Studies

Kathleen McElwee, MD, MPH

Oct 13

2:45 – 3:00 PM US ET

104 ABC

 

 

 

 

1948 – Rise of Candida auris Infections Worldwide and Trends on the Activity of Fosmanogepix and Comparator Agents Against C. auris Causing Invasive Infections

Cecilia G. Carvalhaes, MD, PhD

Oct 13

2:30 – 2:45 PM US ET

102 AB

 

 

 

 

1949 – Activity of Aztreonam-Avibactam Against Enterobacterales Resistant to Recently Approved Beta-Lactamase Inhibitor Combinations Collected Worldwide (ex-US: 2020-2022)

Helio S. Sader, MD, PhD, FIDSA

 

Oct 13

2:45 – 3:00 PM US ET

 

102 AB

 

 

 

 

 

2890 – Pharmacokinetics, Safety, and Efficacy of Ceftazidime-Avibactam in Neonates and Young Infants with Bacterial Infections: Results from a Phase 2a, 2-part, Open-label, Non-randomized, Multicenter Trial

Richard D England,

MD

Oct 14

2:05 – 2:15 PM US ET

 

254 AB

 

 

 

 

 

2893 – Efficacy and Safety of Aztreonam-Avibactam for the Treatment of Serious Infections Due to Gram-Negative Bacteria, Including Metallo-β-Lactamase-Producing Pathogens: Phase 3 REVISIT Study

Yehuda Carmeli, MD MPH

 

Oct 14

2:35 – 2:45 PM US ET

254 AB

 

 

 

 

INDICATIONS AND IMPORTANT SAFETY INFORMATION FOR ABRYSVO

U.S. INDICATIONS

ABRYSVOTM is a vaccine indicated for:

  • the prevention of lower respiratory tract disease (LRTD) caused by respiratory syncytial virus (RSV) in people 60 years of age and older

  • pregnant individuals at 32 through 36 weeks gestational age for the prevention of LRTD and severe LRTD caused by RSV in infants from birth through 6 months of age

IMPORTANT SAFETY INFORMATION

  • ABRYSVO should not be given to anyone with a history of severe allergic reaction (eg, anaphylaxis) to any of its components

  • For pregnant individuals: to avoid the potential risks of preterm birth, ABRYSVO should be given during 32 through 36 weeks gestational age

  • Fainting can happen after getting injectable vaccines, including ABRYSVO. Precautions should be taken to avoid falling and injury during fainting

  • Adults with weakened immune systems, including those receiving medicines that suppress the immune system, may have a reduced immune response to ABRYSVO

  • Vaccination with ABRYSVO may not protect all people

  • In adults 60 years of age and older, the most common side effects (≥10%) were fatigue, headache, pain at the injection site, and muscle pain

  • In pregnant individuals, the most common side effects (≥10%) were pain at the injection site, headache, muscle pain, nausea

  • In clinical trials where ABRYSVO was compared to placebo, infants born to pregnant individuals experienced low birth weight (5.1% ABRYSVO versus 4.4% placebo) and jaundice (7.2% ABRYSVO versus 6.7% placebo

View the full Prescribing Information.

INDICATION, AUTHORIZED USE AND IMPORTANT SAFETY INFORMATION FOR PAXLOVID

U.S. Indication

PAXLOVID is indicated for the treatment of mild-to-moderate coronavirus disease 2019 (COVID-19) in adults who are at high risk for progression to severe COVID-19, including hospitalization or death.

Limitations of Use

PAXLOVID is not approved for use as pre-exposure or post-exposure prophylaxis for prevention of COVID-19.

U.S. FDA Emergency Use Authorization Statement

The U.S. Food and Drug Administration (FDA) has issued an Emergency Use Authorization (EUA) for the emergency use of PAXLOVID for the treatment of adults and pediatric patients (12 years of age and older weighing at least 40 kg) with mild to moderate coronavirus disease 2019 (COVID-19) and who are at high risk for progression to severe COVID-19, including hospitalization or death.

PAXLOVID has not been approved, but has been authorized for emergency use by FDA under an EUA, for the treatment of mild-to-moderate COVID-19 in pediatric patients (12 years of age and older weighing at least 40 kg) who are at high risk for progression to severe COVID-19, including hospitalization or death. The emergency use of PAXLOVID is only authorized for the duration of the declaration that circumstances exist justifying the authorization of the emergency use of drugs and biological products during the COVID-19 pandemic under Section 564(b)(1) of the Act, 21 U.S.C. § 360bbb-3(b)(1), unless the declaration is terminated or authorization revoked sooner.

IMPORTANT SAFETY INFORMATION

WARNING: SIGNIFICANT DRUG INTERACTIONS WITH PAXLOVID

  • PAXLOVID includes ritonavir, a strong CYP3A inhibitor, which may lead to greater exposure of certain concomitant medications, resulting in potentially severe, life-threatening, or fatal events
  • Prior to prescribing PAXLOVID: 1) Review all medications taken by the patient to assess potential drug-drug interactions with a strong CYP3A inhibitor like PAXLOVID and 2) Determine if concomitant medications require a dose adjustment, interruption, and/or additional monitoring
  • Consider the benefit of PAXLOVID treatment in reducing hospitalization and death, and whether the risk of potential drug-drug interactions for an individual patient can be appropriately managed

PAXLOVID is contraindicated in patients with a history of clinically significant hypersensitivity reactions (eg, toxic epidermal necrolysis or Stevens-Johnson syndrome) to its active ingredients (nirmatrelvir or ritonavir) or any other components of the product. If signs and symptoms of a clinically significant hypersensitivity reaction or anaphylaxis occur, immediately discontinue PAXLOVID and initiate appropriate medications and/or supportive care.

PAXLOVID is contraindicated with drugs that are primarily metabolized by CYP3A and for which elevated concentrations are associated with serious and/or life-threatening reactions and drugs that are strong CYP3A inducers where significantly reduced nirmatrelvir or ritonavir plasma concentrations may be associated with the potential for loss of virologic response and possible resistance. There are certain other drugs for which concomitant use with PAXLOVID should be avoided and/or dose adjustment, interruption, or therapeutic monitoring is recommended. Drugs listed here are a guide and not considered a comprehensive list of all drugs that may be contraindicated with PAXLOVID. The healthcare provider should consult other appropriate resources such as the prescribing information for the interacting drug for comprehensive information on dosing or monitoring with concomitant use of a strong CYP3A inhibitor like PAXLOVID.

Drugs that are primarily metabolized by CYP3A for which elevated concentrations are associated with serious and/or life-threatening reactions:

  • Alpha 1-adrenoreceptor antagonist: alfuzosin

  • Antianginal: ranolazine

  • Antiarrhythmic: amiodarone, dronedarone, flecainide, propafenone, quinidine

  • Anti-gout: colchicine (in patients with renal and/or hepatic impairment)

  • Antipsychotics: lurasidone, pimozide

  • Benign prostatic hyperplasia agents: silodosin

  • Cardiovascular agents: eplerenone, ivabradine

  • Ergot derivatives: dihydroergotamine, ergotamine, methylergonovine

  • HMG-CoA reductase inhibitors: lovastatin, simvastatin (these drugs can be temporarily discontinued to allow PAXLOVID use)

  • Immunosuppressants: voclosporin

  • Microsomal triglyceride transfer protein inhibitor: lomitapide

  • Migraine medications: eletriptan, ubrogepant

  • Mineralocorticoid receptor antagonists: finerenone

  • Opioid antagonists: naloxegol

  • PDE5 inhibitor: sildenafil (Revatio®) when used for pulmonary arterial hypertension

  • Sedative/hypnotics: triazolam, oral midazolam

  • Serotonin receptor 1A agonist/serotonin receptor 2A antagonist: flibanserin

  • Vasopressin receptor antagonists: tolvaptan

Drugs that are strong CYP3A inducers: PAXLOVID cannot be started immediately after discontinuation of any of the following medications due to the delayed offset of the recently discontinued CYP3A inducer:

  • Anticancer drugs: apalutamide

    Anticonvulsant: carbamazepine, phenobarbital, primidone, phenytoin

  • Antimycobacterials: rifampin, rifapentine

  • Cystic fibrosis transmembrane conductance regulator potentiators: lumacaftor/ivacaftor

  • Herbal Products: St. John’s Wort (hypericum perforatum)

Risk of Serious Adverse Reactions Due to Drug Interactions: Initiation of PAXLOVID, which contains ritonavir, a strong CYP3A inhibitor, in patients receiving medications metabolized by CYP3A or initiation of medications metabolized by CYP3A in patients already receiving PAXLOVID, may increase plasma concentrations of medications metabolized by CYP3A. Medications that induce CYP3A may decrease concentrations of PAXLOVID. These interactions may lead to:

  • Clinically significant adverse reactions, potentially leading to severe, life-threatening, or fatal events from greater exposures of concomitant medications

  • Loss of therapeutic effect of PAXLOVID and possible development of viral resistance

Severe, life-threatening, and/or fatal adverse reactions due to drug interactions have been reported in patients treated with PAXLOVID. The most commonly reported concomitant medications resulting in serious adverse reactions were calcineurin inhibitors (eg, tacrolimus, cyclosporine), followed by calcium channel blockers.

Hepatotoxicity: Hepatic transaminase elevations, clinical hepatitis, and jaundice have occurred in patients receiving ritonavir. Therefore, caution should be exercised when administering PAXLOVID to patients with pre-existing liver diseases, liver enzyme abnormalities, or hepatitis.

Because nirmatrelvir is coadministered with ritonavir, there may be a risk ofHIV-1 developing resistance to HIV protease inhibitors in individuals with uncontrolled or undiagnosed HIV-1 infection.

The most common adverse reactions in the PAXLOVID group (≥1%) that occurred at a greater frequency than in the placebo group were dysgeusia (5% and <1%, respectively) and diarrhea (3% and 2%, respectively).

The following adverse reactions have been identified during use of PAXLOVID under Emergency Use Authorization:

Immune System Disorders: Anaphylaxis, hypersensitivity reactions

Skin and Subcutaneous Tissue Disorders: Toxic epidermal necrolysis, Stevens-Johnson syndrome

Nervous System Disorders: Headache

Vascular Disorders: Hypertension

Gastrointestinal Disorders: Abdominal pain, nausea, vomiting

General Disorders and Administration Site Conditions: Malaise

PAXLOVID is a strong inhibitor of CYP3A, and an inhibitor of CYP2D6, P-gp, and OATP1B1. Coadministration of PAXLOVID with drugs that are primarily metabolized by CYP3A and CYP2D6 or are transported by P-gp or OATP1B1 may result in increased plasma concentrations of such drugs and increase the risk of adverse events. Coadministration with other CYP3A substrates may require a dose adjustment or additional monitoring.

Pregnancy: Available data on the use of nirmatrelvir during pregnancy are insufficient to evaluate for a drug-associated risk of major birth defects, miscarriage, or adverse maternal or fetal outcomes. Published observational studies on ritonavir use in pregnant women have not identified an increase in the risk of major birth defects. Published studies with ritonavir are insufficient to identify a drug-associated risk of miscarriage. There are maternal and fetal risks associated with untreated COVID-19 in pregnancy.

Lactation: There are no available data on the presence of nirmatrelvir in human or animal milk, the effects on the breastfed infant, or the effects on milk production. A transient decrease in body weight was observed in the nursing offspring of rats administered nirmatrelvir. Limited published data report that ritonavir is present in human milk. There is no information on the effects of ritonavir on the breastfed infant or the effects of the drug on milk production. The developmental and health benefits of breastfeeding should be considered along with the mother’s clinical need for PAXLOVID and any potential adverse effects on the breastfed infant from PAXLOVID or from the underlying maternal condition.

Contraception: Use of ritonavir may reduce the efficacy of combined hormonal contraceptives. Advise patients using combined hormonal contraceptives to use an effective alternative contraceptive method or an additional barrier method of contraception.

Pediatrics: The optimal dose of PAXLOVID has not been established in pediatric patients.

Systemic exposure of nirmatrelvir increases in renally impaired patients with increase in the severity of renal impairment. No dosage adjustment is recommended in patients with mild renal impairment. Reduce the dose of PAXLOVIDin patients with moderate renal impairment (eGFR ≥30 to <60 mL/min). PAXLOVID is not recommended in patients with severe renal impairment (eGFR <30 mL/min) or in patients with end-stage renal disease (eGFR <15 mL/min).

PAXLOVID is not recommended for use in patients with severe hepatic impairment (Child-Pugh Class C).

Please see Full Prescribing Information, including BOXED WARNING and Patient Information

Click for Fact Sheets:

For Consumers:

EUA Fact sheet for Patients, Parents, and Caregivers

For Healthcare Professionals:

EUA Fact Sheet for HCPs

INDICATIONS AND IMPORTANT SAFETY INFORMATION FOR PREVNAR 20

U.S. INDICATIONS

PREVNAR 20® is a vaccine approved for:

  • the prevention of invasive disease caused by 20 Streptococcus pneumoniae strains (1, 3, 4, 5, 6A, 6B, 7F, 8, 9V, 10A, 11A, 12F, 14, 15B, 18C, 19A, 19F, 22F, 23F, and 33F) in individuals 6 weeks and older.

  • the prevention of otitis media (middle ear infection) caused by 7 of the 20 strains in individuals 6 weeks through 5 years.

IMPORTANT SAFETY INFORMATION

  • PREVNAR 20 should not be given to anyone who has had a severe allergic reaction to any component of PREVNAR 20 or to diphtheria–toxoid-containing vaccine.

  • Individuals with weakened immune systems may have a lower immune response. Safety data are not available for these groups.

  • A temporary pause in breathing after getting the vaccine has been observed in some infants who were born prematurely. For premature infants, talk to your doctor about the infant’s medical status when deciding to get vaccinated with PREVNAR 20.

  • In individuals 2, 4, 6, and 12 through 15 months of age vaccinated with a 4-dose schedule, the most common side effects reported at a rate of >10% were irritability, pain at the injection site, drowsiness, decreased appetite and injection site redness, injection site swelling, and fever.

  • In individuals 15 months through 17 years of age vaccinated with a single dose, the most common side effects reported at a rate of >10% were irritability, pain at the injection site, drowsiness, fatigue and muscle pain, decreased appetite, injection site swelling and injection site redness, headache, and fever.

  • Ask your doctor about the risks and benefits of PREVNAR 20. Only a doctor can decide if PREVNAR 20 is right for your child.

View the full Prescribing Information.

About Pfizer: Breakthroughs That Change Patients’ Lives

At Pfizer, we apply science and our global resources to bring therapies to people that extend and significantly improve their lives. We strive to set the standard for quality, safety and value in the discovery, development and manufacture of health care products, including innovative medicines and vaccines. Every day, Pfizer colleagues work across developed and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared diseases of our time. Consistent with our responsibility as one of the world’s premier innovative biopharmaceutical companies, we collaborate with health care providers, governments and local communities to support and expand access to reliable, affordable health care around the world. For more than 170 years, we have worked to make a difference for all who rely on us. We routinely post information that may be important to investors on our website at www.Pfizer.com. In addition, to learn more, please visit us on www.Pfizer.com and follow us on Twitter at @Pfizer and @Pfizer News, LinkedIn, YouTube and like us on Facebook at Facebook.com/Pfizer.

Disclosure Notice

The information contained in this release is as of October 5, 2023. Pfizer assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.

This release contains forward-looking information about Pfizer’s infectious disease pipeline, in-line products and product candidates, including ABRYSVO (RSVpreF), Pfizer’s aztreonam-avibactam (ATM-AVI) candidate and PAXLOVID, including their potential benefits, that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Risks and uncertainties include, among other things, uncertainties regarding the commercial success of ABRYSVO (RSVpreF), Pfizer’s ATM-AVI candidate, PAXLOVID or any of Pfizer’s other infectious disease products or product candidates; the uncertainties inherent in research and development, including the ability to meet anticipated clinical endpoints, commencement and/or completion dates for our clinical trials, regulatory submission dates, regulatory approval dates and/or launch dates, as well as risks associated with pre-clinical and clinical data (including Phase 1/2/3 or Phase 4 or pre-clinical data for ABRYSVO (RSVpreF), Pfizer’s ATM-AVI candidate, PAXLOVID or any of Pfizer’s other infectious disease products or product candidates, including the data discussed in this release) in any of our studies in pediatrics, adolescents, or adults or real world evidence, including the possibility of unfavorable new pre-clinical, clinical or safety data and further analyses of existing pre-clinical, clinical or safety data; risks associated with interim data, including the risk that final results from the Phase 3 trials for RSVpreF could differ from the interim data; the risk that clinical trial data are subject to differing interpretations and assessments by regulatory authorities; the ability to produce comparable clinical or other results for ABRYSVO (RSVpreF), Pfizer’s ATM-AVI candidate, PAXLOVID or any of Pfizer’s other infectious disease products or product candidates, including efficacy, safety and tolerability profile observed to date, in additional analyses of the Phase 3 trial and additional studies, in real world data studies or in larger, more diverse populations following commercialization; the ability of ABRYSVO (RSVpreF) and PAXLOVID to be effective against emerging virus variants; the risk that the use of ABRYSVO (RSVpreF), Pfizer’s ATM-AVI candidate, PAXLOVID or any of Pfizer’s other infectious disease products or product candidates will lead to new information about efficacy, safety, or other developments, including the risk of additional adverse reactions, some of which may be serious; the risk that pre-clinical and clinical trial data are subject to differing interpretations and assessments, including during the peer review/publication process, in the scientific community generally, and by regulatory authorities; whether and when additional data from ABRYSVO (RSVpreF), Pfizer’s ATM-AVI candidate, PAXLOVID or any of Pfizer’s other infectious disease products or product candidates will be published in scientific journal publications and, if so, when and with what modifications and interpretations; whether regulatory authorities will be satisfied with the design of and results from our clinical studies; whether and when drug applications or submissions to request emergency use or conditional marketing authorizations for any potential indications for ABRYSVO (RSVpreF), Pfizer’s ATM-AVI candidate, PAXLOVID or any of Pfizer’s other infectious disease products or product candidates may be filed in any jurisdictions and if obtained, whether or when such emergency use authorization or licenses will expire or terminate; whether and when any applications that may be pending or filed for ABRYSVO (RSVpreF), Pfizer’s ATM-AVI candidate, PAXLOVID or any of Pfizer’s other infectious disease products or product candidates (including any requested amendments to the emergency use or conditional marketing authorizations) may be approved by regulatory authorities, which will depend on myriad factors, including making a determination as to whether the product’s benefits outweigh its known risks and determination of the product’s efficacy and, if approved, whether ABRYSVO (RSVpreF), Pfizer’s ATM-AVI candidate, PAXLOVID or any of Pfizer’s other infectious disease products or product candidates will be commercially successful; intellectual property and other litigation; decisions by regulatory authorities impacting labeling, manufacturing processes, safety and/or other matters that could affect the availability or commercial potential of ABRYSVO (RSVpreF), Pfizer’s ATM-AVI candidate, PAXLOVID or any of Pfizer’s other infectious disease products or product candidates, including the authorization or approval of products or therapies developed by other companies; the risk that demand for any of our products may be reduced, no longer exist or not meet expectations, which may lead to excess inventory on-hand and/or in the channel, inventory write-offs or reduced revenues; challenges related to and uncertainties regarding the timing of a transition to the commercial market for any of our products; uncertainties related to the public’s adherence to vaccines and boosters; risks related to our ability to achieve our revenue forecasts for any of Pfizer’s infectious disease products or product candidates; the risk that other companies may produce superior or competitive products; risks related to the availability of raw materials to manufacture or test Pfizer’s infectious disease products or product candidates; challenges related to our vaccine’s formulation, dosing schedule and attendant storage, distribution and administration requirements, including risks related to storage and handling after delivery by Pfizer; the risk that we may not be able to successfully develop other vaccine formulations, booster doses or potential future annual boosters or re-vaccinations or new variant-based or next generation vaccines or potential combination respiratory vaccines; whether and when additional supply or purchase agreements will be reached or existing agreements will be completed or renegotiated; uncertainties regarding the ability to obtain recommendations from vaccine advisory or technical committees and other public health authorities regarding ABRYSVO (RSVpreF) or any of Pfizer’s other infectious disease products or product candidates and uncertainties regarding the commercial impact of any such recommendations; pricing and access challenges; challenges related to public confidence in, or awareness of ABRYSVO (RSVpreF), Pfizer’s ATM-AVI candidate, PAXLOVID or any of Pfizer’s other infectious disease products or product candidates; uncertainties regarding the impact of COVID-19 on our business, operations and financial results; and competitive developments.

A further description of risks and uncertainties can be found in Pfizer’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, and in its subsequent reports on Form 10-Q, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Information and Factors That May Affect Future Results”, as well as in its subsequent reports on Form 8-K, all of which are filed with the U.S. Securities and Exchange Commission and available at www.sec.gov and www.pfizer.com.

Media Contact:

[email protected]

+1 (212) 733-1226

Investor Contact:

[email protected]

+1 (212) 733-4848

KEYWORDS: New York Massachusetts United States North America

INDUSTRY KEYWORDS: Biotechnology Pharmaceutical Oncology General Health Health FDA COVID-19 Clinical Trials

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Empire State Realty Trust Ranks First of All 115 Americas’ Listed Companies and Achieves Top GRESB 5 Star Rating for Fourth Consecutive Year

Empire State Realty Trust Ranks First of All 115 Americas’ Listed Companies and Achieves Top GRESB 5 Star Rating for Fourth Consecutive Year

The company’s overall score ranked first in the most competitive peer group in the U.S. and scored highest on its Public Disclosure Assessment

NEW YORK–(BUSINESS WIRE)–Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it achieved the highest possible Global Real Estate Sustainability Benchmark (GRESB) 5 Star Rating for the fourth consecutive year with a score of 92. ESRT additionally received a score of 96 and an “A” rating in the Public Disclosure Assessment that measures ESG disclosure activities. ESRT’s overall score ranked first of all 115 listed companies in the Americas, first in the most competitive peer group within the U.S, and scored the highest on its Public Disclosure Assessment.

“At ESRT, our industry-leading work focuses on the ‘how’ and our best-in-class results in sustainability, energy efficiency, and healthy buildings speak for themselves,” said Anthony E. Malkin, ESRT chairman, president, and CEO. “Our entire company is focused on four priorities: points on the board in leasing, Empire State Building Observatory performance, sustainability, and balance sheet management. Our efforts deliver value to our stakeholders with our future-ready New York City portfolio of office, destination attraction, retail, and residential.”

GRESB is a rigorous standard that assesses and benchmarks the ESG performance of real assets and provides standardized and validated sustainability data to capital markets. ESRT achieved a perfect management score that includes scores across leadership, policies, reporting, stakeholder engagement, targets, tenants and community, data monitoring and review, and building certifications.

ESRT leads the commercial real estate industry in its sustainability initiatives and achievements, with proven energy efficiency and decarbonization measures to reduce operational carbon emissions as transformative factors in ESRT’s outstanding GRESB performance.ESRT achieved carbon neutrality across its commercial portfolio in January 2022 and continues to work toward its target of net zero carbon emissions with an 80% reduction in operational emissions at the Empire State Building by 2030 and throughout the portfolio by 2035. The company transparently reports key ESG and DE&I goals and initiatives through its Annual Sustainability Report.

More information about ESRT’s sustainability practices can be found online.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT) is a REIT that owns and manages office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. ESRT owns the iconic Empire State Building – the “World’s Most Famous Building” – and the newly reimagined Empire State Building Observatory that was named #1 attraction in the US for the second year in a row, in Tripadvisor’s 2023 Travelers’ Choice Awards: Best of the Best. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality. As of June 30, 2023, ESRT’s portfolio is comprised of approximately 8.6 million rentable square feet of office space, 718,000 rentable square feet of retail space and 721 residential units across three multifamily properties. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, TikTok, X (formerly Twitter), and LinkedIn.

Forward-Looking Statements

This press release includes “forward looking statements” within the meaning of the federal securities laws. You can identify these statements by use of words such as “assumes,” “believes,” “estimates,” “expects,” “intends,” “plans,” “projects” or similar words or expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements, because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond ESRT’s control and could materially affect actual results, performance or achievements. These factors include, without limitation, the risks and uncertainties detailed from time to time in ESRT’s filings with the SEC and any failure of the conditions or events cited in this release. Except as may be required by law, ESRT does not undertake a duty to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Source: Empire State Realty Trust, Inc.

Category: ESG

MEDIA CONTACT:

Empire State Realty Trust

Jamie Steinberg

212-400-3339

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Environment Commercial Building & Real Estate Construction & Property REIT Professional Services Sustainability DEI (Diversity, Equity and Inclusion) Environmental, Social and Governance (ESG) Other Construction & Property Residential Building & Real Estate

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Radian Announces Closing of $353 Million Mortgage Insurance-Linked Notes Transaction

Radian Announces Closing of $353 Million Mortgage Insurance-Linked Notes Transaction

WAYNE, Pa.–(BUSINESS WIRE)–
Radian Group Inc. (NYSE: RDN) today announced that its wholly owned subsidiary, Radian Guaranty Inc. has obtained $353 million of fully collateralized excess of loss reinsurance coverage from Eagle Re 2023-1 Ltd. (Eagle Re). The excess of loss reinsurance covers eligible mortgage insurance policies written by Radian Guaranty from April 1 to December 31, 2022. Eagle Re is a newly formed Bermuda special purpose insurer and is not a subsidiary or affiliate of Radian Guaranty.

Eagle Re has funded its reinsurance obligations by issuing four classes of mortgage insurance-linked notes (ILNs) with a 10-year maturity and 5-year call option to eligible third-party capital markets investors in an unregistered private offering. The ILNs are non-recourse to Radian Group and its subsidiaries and affiliates.

The ILNs issued by Eagle Re consist of the following four classes:

  • $110,337,000 Class M-1A Notes with a coupon equal to one-month SOFR plus 200 basis points

  • $145,644,000 Class M-1B Notes with a coupon equal to one-month SOFR plus 395 basis points

  • $75,029,000 Class M-2 Notes with a coupon equal to one-month SOFR plus 520 basis points

  • $22,067,000 Class B-1 Notes with a coupon equal to one-month SOFR plus 685 basis points

After closing, investors have the option to exchange their M-1B Notes for proportionate interests in Class M-1B-1 Notes, Class M-1B-2 Notes and Class M-1B-3 Notes (Exchangeable Notes), and the Exchangeable Notes may be exchanged for Class M-1B Notes with the same proportionate interest.

The Notes have been assigned ratings by DBRS, Inc. (DBRS Morningstar) of BBB (low) (sf) for Class M-1A; BB (sf) for Class M-1B; B (high) (sf) for Class M-2; and B (sf) for Class B-1 (sf).

Additional information about the ILN reinsurance transaction may be found on the Investors section of Radian’s website at https://radian.com/who-we-are/for-investors/presentations.

About Radian

Radian Group Inc. (NYSE: RDN) is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, title, valuation, asset management and other real estate services. We are powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk. Visit www.radian.com and homegenius.com to learn more about how Radian and its pioneering homegenius platform are building a smarter future for mortgage and real estate services.

For Investors

John Damian – Phone: 215.231.1383

Email: [email protected]

For the Media

Rashi Iyer – Phone: 215.231.1167

Email: [email protected]

KEYWORDS: United States North America Pennsylvania

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Insurance Finance Asset Management Banking Professional Services Residential Building & Real Estate

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Cushman & Wakefield to Release Third Quarter 2023 Earnings on October 30

Cushman & Wakefield to Release Third Quarter 2023 Earnings on October 30

CHICAGO–(BUSINESS WIRE)–
Cushman & Wakefield (NYSE: CWK) will release its third quarter 2023 financial results after the close of trading at 4:05 p.m. ET on Monday, October 30, 2023. Management will host a conference call following the release at 5:00 p.m. ET on Monday, October 30, 2023, to discuss the financial results. The conference call can be accessed as follows:

  • Dial in to 1-844-825-9789 (domestic) or 1-412-317-5180 (international), or click here (link will be available 15 minutes prior to the earnings call) and enter passcode 1706949.

  • Live webcast can be accessed through Cushman & Wakefield’s IR website at http://ir.cushmanwakefield.com

An audio replay of the conference call will be available approximately two hours after the conference call by accessing Cushman & Wakefield’s IR website at http://ir.cushmanwakefield.com.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit www.cushmanwakefield.com.

INVESTOR RELATIONS:

Megan McGrath

Investor Relations

+1 312 338 7860

MEDIA CONTACT:

Annie Wood

Corporate Communications

+1 312 600 0940

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Professional Services Commercial Building & Real Estate Finance Construction & Property Urban Planning REIT

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