Market Newsdesk

Quanterix to Present at Canaccord Genuity 43rd Annual Growth Conference

BILLERICA, Mass.–(BUSINESS WIRE)–Quanterix Corporation (NASDAQ: QTRX), a company fueling scientific discovery through ultrasensitive biomarker detection, today announced that Chief Executive Officer Masoud Toloue will be presenting at the Canaccord Genuity 43rd Annual Growth Conference on August 10, 2023 at 12 p.m. EST.

The presentation will be available virtually and participants can register here: here. The presentation will be available following the conference on Quanterix’s website here: ir.quanterix.com.

To learn more about Quanterix, visit www.quanterix.com/about. To learn more about Quanterix’s Simoa® technology, visit: https://www.quanterix.com/simoa-technology/.

About Quanterix

From discovery to diagnostics, Quanterix’s ultrasensitive biomarker detection is fueling breakthroughs only made possible through its unparalleled sensitivity and flexibility. The Company’s Simoa^® technology has delivered the gold standard for earlier biomarker detection in blood, serum or plasma, with the ability to quantify proteins that are far lower than the Limit of Quantification (LoQ) of conventional analog methods. Its industry-leading precision instruments, digital immunoassay technology and CLIA-certified Accelerator laboratory have supported research that advances disease understanding and management in neurology, oncology, immunology, cardiology and infectious disease. Quanterix has been a trusted partner of the scientific community for nearly two decades, powering research published in more than 2,000 peer-reviewed journals. Find additional information about the Billerica, Massachusetts-based company at https://www.quanterix.com or follow us on Twitter and LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230803106365/en/

Media:

PAN Communications

Maya Nimnicht

510-334-6273

[email protected]

Investor Relations:

Ed Joyce

(610) 306-9917

[email protected]

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Technology Research Neurology Genetics Other Technology Health General Health Science Oncology

MEDIA:

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Employers Will Have a Secure, Modernized Solution for Remote I-9 Document Review

Brightcove to Present at the Oppenheimer Technology, Internet & Communications Conference

BOSTON–(BUSINESS WIRE)–Brightcove Inc. (NASDAQ: BCOV), the world’s most trusted streaming technology company, today announced that its Chief Executive Officer, Marc DeBevoise, and Chief Financial Officer, Rob Noreck, will present at the Oppenheimer Technology, Internet & Communications Virtual Conference.

The Brightcove presentation is scheduled for Wednesday, August 9, 2023 at 4:35 p.m. Eastern Time. A live webcast of the presentation will be available on the Events page of the Brightcove investor relations website at https://investor.brightcove.com/events-presentations. A replay of the webcast will also be available for a limited time.

About Brightcove

Brightcove creates the world’s most reliable, scalable, and secure streaming technology solutions to build a greater connection between companies and their audiences, no matter where they are or on which devices they consume content. In more than 60 countries, Brightcove’s intelligent video platform enables businesses to sell to customers more effectively, media leaders to stream and monetize content more reliably, and every organization to communicate with team members more powerfully. With two Technology and Engineering Emmy® Awards for innovation, uptime that consistently leads the industry, and unmatched scalability, we continuously push the boundaries of what video can do. Follow Brightcove on Twitter, LinkedIn, and Facebook. Visit www.brightcove.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230803651383/en/

Investor Contact:

ICR for Brightcove

Brian Denyeau, 646-277-1251

[email protected]

Media Contact:

Brightcove

Sara Griggs, 929-888-4866

[email protected]

KEYWORDS: United States North America Massachusetts

INDUSTRY KEYWORDS: Software Internet Film & Motion Pictures TV and Radio Online Consumer Electronics Technology Entertainment

MEDIA:

Posted on August 3, 2023 2:06 pm

Teledyne to Hold Investor Meetings

Teledyne to Hold Investor Meetings

THOUSAND OAKS, Calif.–(BUSINESS WIRE)–
Teledyne Technologies Incorporated (NYSE:TDY) today announced that Jason VanWees, Vice Chairman, will be holding investor meetings at the 11th Annual Needham Virtual Industrial Tech, Robotics, & Clean Tech 1×1 Conference on Friday, August 4.

Teledyne’s latest investor presentation will be publicly available on the Company’s website at www.teledyne.com/investors/events-and-presentations.

Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne’s operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. For more information, visit Teledyne’s website at www.teledyne.com.

Cautionary Statement Regarding Forward-Looking Statements

Teledyne’s investor presentation contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, with respect to management’s beliefs about the financial condition, results of operations and businesses of Teledyne in the future. Forward-looking statements involve risks and uncertainties, are based on the current expectations of the management of Teledyne and are subject to uncertainty and changes in circumstances. The forward-looking statements contained herein may include statements relating to stock option compensation expense, and about the continuing expected effects on Teledyne of the acquisition of FLIR and synergies related to the transaction, anticipated capital expenditures and product developments, and other strategic options. Forward-looking statements generally are accompanied by words such as “projects,” “intends,” “expects,” “anticipates,” “targets,” “estimates,” “will” and words of similar import that convey the uncertainty of future events or outcomes. All statements made in this communication that are not historical in nature should be considered forward-looking. By its nature, forward-looking information is not a guarantee of future performance or results and involves risks and uncertainties because it relates to events and depends on circumstances that will occur in the future.

Actual results could differ materially from these forward-looking statements. Many factors could change the anticipated results, including: ongoing challenges and uncertainties posed by the COVID pandemic for businesses and governments around the world, including production, supply, contractual and other disruptions, such as COVID-related lockdowns, facility closures, furloughs and travel restrictions; changes in relevant tax and other laws; foreign currency exchange risks; rising interest rates; risks associated with indebtedness, as well as our ability to reduce indebtedness and the timing thereof; the impact of semiconductor and other supply chain shortages, higher inflation, including wage competition and higher shipping costs; labor shortages and competition for skilled personnel; the inability to develop and market new competitive products; inherent uncertainties involved in the estimates and judgments used in the preparation of financial statements and the providing of estimates of financial measures, in accordance with U.S. GAAP and related standards; disruptions in the global economy; the ongoing conflict between Russia and Ukraine, including the impact to energy prices and availability, especially in Europe; customer and supplier bankruptcies; changes in demand for products sold to the defense electronics, instrumentation, digital imaging, energy exploration and production, commercial aviation, semiconductor and communications markets; funding, continuation and award of government programs; cuts to defense spending resulting from existing and future deficit reduction measures or changes to U.S. and foreign government spending and budget priorities triggered by the COVID pandemic; impacts from the United Kingdom’s exit from the European Union; uncertainties related to the policies of the U.S. Presidential Administration; the imposition and expansion of, and responses to, trade sanctions and tariffs; the continuing review and resolution of FLIR’s export and tax matters; escalating economic and diplomatic tension between China and the United States; threats to the security of our confidential and proprietary information, including cybersecurity threats; natural and man-made disasters, including those related to or intensified by climate change; and our ability to achieve emission reduction targets and decrease our carbon footprint. Lower oil and natural gas prices, as well as instability in the Middle East or other oil producing regions, and new regulations or restrictions relating to energy production, including those implemented in response to climate change, could further negatively affect our businesses that supply the oil and gas industry. Weakness in the commercial aerospace industry negatively affects the markets of our commercial aviation businesses. In addition, financial market fluctuations affect the value of the Company’s pension assets. Changes in the policies of U.S. and foreign governments, including economic sanctions, could result, over time, in reductions or realignment in defense or other government spending and further changes in programs in which the Company participates.

We continue to take action to assure compliance with the internal controls, disclosure controls and other requirements of the Sarbanes-Oxley Act of 2002. While we believe our control systems are effective, there are inherent limitations in all control systems, and misstatements due to error or fraud may occur and may not be detected. Additional factors that could cause results to differ materially from those described above can be found in Teledyne’s 2022 Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, and in other documents which are on file with the SEC and available in the “Investors” section of Teledyne’s website, teledyne.com, under the heading “Investor Information.”

All forward-looking statements speak only as of the date they are made and are based on information available at that time. Teledyne does not assume any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230803500746/en/

Jason VanWees

(805) 373-4542

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Technology Other Defense Engineering Photography Aerospace Software Manufacturing Hardware Robotics Defense

MEDIA:

Posted on August 3, 2023 2:03 pm

Perma-Fix Reports 29% Increase in Revenue to $25 Million for the Second Quarter of 2023

Gross profit increases 57%; achieves net income of $474 thousand

ATLANTA, Aug. 03, 2023 (GLOBE NEWSWIRE) — Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced financial results and provided a business update for the second quarter ended June 30, 2023.

Mark Duff, President and CEO of the Company, commented, “We are on a solid growth trajectory and have returned to profitability following the impact of the COVID-19 pandemic. Specifically, revenue increased 28.7% to $25.0 million and we achieved a 56.6% increase in gross profit over the same period last year. Revenue increased year-over-year and sequentially within both our Treatment and Services segments. Importantly, we achieved net income of $474,000 and EBITDA (as defined below) of more than $1.5 million for the second quarter of 2023.”

“Within our Treatment Segment, we witnessed an increase in volume with strong waste receipts during the second quarter, which provides us a solid backlog and improved visibility for the balance of 2023. Within the Services Segment, we realized several new awards, including a project in support of the U.S. Army Corps of Engineers, and were on a winning team for a project at Los Alamos National Laboratory, both of which will contribute revenue in 2023. We also commenced work on awards granted earlier this year, that have now begun to generate revenue. Importantly, we continue to develop new proposals and position ourselves for large strategic bids in both segments, including initiatives within the U.S. Department of Energy (DOE) and the U.S. Department of Defense (DOD), as well as international and commercial clients. Overall, we are encouraged by the market outlook given our strong sales pipeline, with many of these contracts expected to be awarded in the coming quarters.”

Financial Results

Revenue for the second quarter of 2023 was approximately $25.0 million versus approximately $19.5 million for the same period last year. Revenue for the Treatment Segment was approximately $12.8 million for the second quarter of 2023 as compared to $8.4 million for the second quarter 2022. The increase was primarily due to overall higher waste volume which was offset by lower averaged price due to revenue mix. The Treatment Segment has seen steady improvements in waste receipts since the latter part of the second quarter of 2022 as the lingering effects of the COVID-19 continued to subside. Services Segment revenue increased to approximately $12.2 million for the three months ended June 30, 2023 from $11.1 million for the corresponding period of 2022 due to continuing full operational status of certain projects which had been delayed/curtailed in the early part of 2022 due, in part, from the lingering effects of COVID-19. Revenue within both segments was also positively impacted from new contracts won in early part of 2023.

Gross profit for the second quarter of 2023 was $4.5 million versus $2.9 million for the second quarter of 2022 primarily due to higher revenue generated in both segments. Gross margin for the second quarter of 2023 was approximately 18.0% versus 14.8% for the second quarter of 2022 primarily due to increases in revenue from higher waste volume in the Treatment Segment and higher margin projects in the Services Segment.

Operating income for the second quarter of 2023 was approximately $844,000 versus operating loss of $880,000 for the second quarter of 2022. Net income for the second quarter of 2023 was approximately $474,000 or $.04 per basic share as compared to net loss of approximately $1.4 million for the second quarter of 2022 or ($0.11) per basic share.

On July 31, 2023, the Company entered into an amendment to its Loan Agreement, as amended, with its lender which extended the maturity date of its credit facility to May 15, 2027 and provided a new term loan to the Company in the amount of $2,500,000, among other things.

The Company reported EBITDA of $1.5 million from continuing operations for the quarter ended June 30, 2023, as compared to EBITDA of ($403,000) from continuing operations for the same period of 2022. The Company defines EBITDA as earnings before interest, taxes, depreciation and amortization. EBITDA is not a measure of performance calculated in accordance with Generally Accepted Accounting Principles in the United States of America (“GAAP”), and should not be considered in isolation of, or as a substitute for, earnings as an indicator of operating performance or cash flows from operating activities as a measure of liquidity. The Company believes the presentation of EBITDA is relevant and useful by enhancing the readers’ ability to understand the Company’s operating performance. The Company’s management utilizes EBITDA as a mean to measure performance. The Company’s measurement of EBITDA may not be comparable to similar titled measures reported by other companies. The table below reconciles EBITDA, a non-GAAP measures, to GAAP numbers for income (loss) from continuing operations for the three and six months ended June 30, 2023 and 2022.

		(Unaudited)									(Unaudited)
		Three Months Ended									Six Months Ended
		June 30,									June 30,
(In thousands)			2023				2022					2023				2022
Income (loss) from continuing operations		$	519			$	(1,257	)			$	202			$	(2,506	)
Adjustments:
Depreciation & amortization			692				480					1,439				936
Interest income			(172	)			(29	)				(298	)			(40	)
Interest expense			47				41					100				76
Interest expense – financing fees			24				15					44				28
Income tax expense (benefit)			432				347					228				(326	)
EBITDA		$	1,542			$	(403	)			$	1,715			$	(1,832	)

The tables below present certain unaudited financial information for the business segments, which excludes allocation of corporate expenses.

		Three Months Ended							Six Months Ended
		June 30, 2023							June 30, 2023
		(Unaudited)							(Unaudited)
(In thousands)		Treatment			Services				Treatment			Services
Net revenues		$	12,834		$	12,198			$	22,428		$	22,711
Gross profit			2,491			2,025				3,743			3,782
Segment profit			1,273			840				1,605			1,813

		Three Months Ended							Six Months Ended
		June 30, 2022							June 30, 2022
		(Unaudited)							(Unaudited)
(In thousands)		Treatment			Services				Treatment			Services
Net revenues		$	8,393		$	11,062			$	15,872		$	19,498
Gross profit			1,563			1,321				2,201			2,319
Segment profit			60			472				137			871

Conference Call

Perma-Fix will host a conference call at 11:00 a.m. ET on Thursday, August 3, 2023. The call will be available on the Company’s website at https://ir.perma-fix.com/conference-calls, or by calling toll-free: 888-506-0062 for U.S. callers, or +1 973-528-0011 for international callers, and by entering access code: 789286. The conference call will be led by Mark J. Duff, Chief Executive Officer, Dr. Louis F. Centofanti, Executive Vice President of Strategic Initiatives, and Ben Naccarato, Executive Vice President and Chief Financial Officer of Perma-Fix Environmental Services, Inc.

A webcast will also be archived on the Company’s website and a telephone replay of the call will be available approximately one hour following the call, Thursday, August 10, 2023, and can be accessed by dialing 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code: 48811.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc. is a nuclear services company and leading provider of nuclear and mixed waste management services. The Company’s nuclear waste services include management and treatment of radioactive and mixed waste for hospitals, research labs and institutions, federal agencies, including the DOE, the DOD, and the commercial nuclear industry. The Company’s nuclear services group provides project management, waste management, environmental restoration, decontamination and decommissioning, new build construction, and radiological protection, safety and industrial hygiene capability to our clients. The Company operates four nuclear waste treatment facilities and provides nuclear services at DOE, DOD, and commercial facilities, nationwide.

Please visit us at http://www.perma-fix.com.

This press release contains “forward-looking statements” which are based largely on the Company’s expectations and are subject to various business risks and uncertainties, certain of which are beyond the Company’s control. Forward-looking statements generally are identifiable by use of the words such as “believe”, “expects”, “intends”, “anticipate”, “plans to”, “estimates”, “projects”, and similar expressions. Forward-looking statements include, but are not limited to: contracts that will contribute revenue in 2023; market outlook; contracts to be awarded in the coming quarters; and improved visibility for the balance of 2023. These forward-looking statements are intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. While the Company believes the expectations reflected in this news release are reasonable, it can give no assurance such expectations will prove to be correct. There are a variety of factors which could cause future outcomes to differ materially from those described in this release, including, without limitation, future economic conditions; industry conditions; competitive pressures; our ability to apply and market our new technologies; the government or such other party to a contract granted to us fails to abide by or comply with the contract or to deliver waste as anticipated under the contract or terminates existing contracts; Congress fails to provides funding for the DOD’s and DOE’s remediation projects; inability to obtain new foreign and domestic remediation contracts; and the additional factors referred to under “Risk Factors” and “Special Note Regarding Forward-Looking Statements” of our 2022 Form 10-K and Form 10-Qs for quarters ended March 31, 2023 and June 30, 2023. The Company makes no commitment to disclose any revisions to forward-looking statements, or any facts, events or circumstances after the date hereof that bear upon forward-looking statements.

FINANCIAL TABLES FOLLOW

Contacts:

David K. Waldman-US Investor Relations
Crescendo Communications, LLC
(212) 671-1021

Herbert Strauss-European Investor Relations
[email protected]
+43 316 296 316

PERMA-FIX ENVIRONMENTAL SERVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
		Three Months Ended						Six Months Ended
		June 30,						June 30,
(Amounts in Thousands, Except for Per Share Amounts)		2023			2022			2023			2022
Net revenues	$	25,032		$	19,455		$	45,139		$	35,370
Cost of goods sold		20,516			16,571			37,614			30,850
Gross profit		4,516			2,884			7,525			4,520
Selling, general and administrative expenses		3,551			3,684			7,036			7,106
Research and development		121			80			220			176
Loss on disposal of property and equipment		—			—			—			1
Income (loss) from operations		844			(880	)		269			(2,763	)
Other income (expense):
Interest income		172			29			298			40
Interest expense		(47	)		(41	)		(100	)		(76	)
Interest expense-financing fees		(24	)		(15	)		(44	)		(28	)
Other		6			(3	)		7			(5	)
Income (loss) from continuing operations before taxes		951			(910	)		430			(2,832	)
Income tax expense (benefit)		432			347			228			(326	)
Income (loss) from continuing operations, net of taxes		519			(1,257	)		202			(2,506	)
Loss from discontinued operations, net of taxes		(45	)		(188	)		(139	)		(282	)
Net income (loss)	$	474		$	(1,445	)	$	63		$	(2,788	)
Net income (loss) per common share – basic:
Continuing operations	$	.04		$	(.10	)	$	.01		$	(.19	)
Discontinued operations		—			(.01	)		(.01	)		(.02	)
Net income (loss) per common share	$	.04		$	(.11	)	$	—		$	(.21	)
Net income (loss) per common share – diluted:
Continuing operations	$	.03		$	(.10	)	$	.01		$	(.19	)
Discontinued operations		—			(.01	)		(.01	)		(.02	)
Net income (loss) per common share	$	.03		$	(.11	)	$	—		$	(.21	)
Number of common shares used in computing
net income (loss) per share:
Basic		13,474			13,264			13,417			13,249
Diluted		13,848			13,264			13,657			13,249

PERMA-FIX ENVIRONMENTAL SERVICES, INC.
CONDENSED CONSOLIDATED BALANCE SHEET
		June 30,				December 31,
			2023				2023
(Amounts in Thousands, Except for Share and Per Share Amounts)		(Unaudited)
ASSETS
Current assets:
Cash		$	4,750			$	1,866
Account receivable, net of allowance for credit losses of $13 and $57, respectively			11,930				9,364
Unbilled receivables			7,121				6,062
Other current assets			3,767				6,219
Assets of discontinued operations included in current assets			17				15
Total current assets			27,585				23,526
Net property and equipment			18,832				18,957
Property and equipment of discontinued operations			81				81
Operating lease right-of-use assets			1,732				1,971
Intangibles and other assets			26,350				26,363
Total assets		$	74,580			$	70,898
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities		$	25,601			$	22,346
Current liabilities related to discontinued operations			280				362
Total current liabilities			25,881				22,708
Long-term liabilities			9,556				9,749
Long-term liabilities related to discontinued operations			913				908
Total liabilities			36,350				33,365
Commitments and Contingencies
Stockholders’ equity:
Preferred Stock, $.001 par value; 2,000,000 shares authorized,
no shares issued and outstanding		—				—
Common Stock, $.001 par value; 30,000,000 shares authorized,
13,562,743 and 13,332,398 shares issued, respectively;
13,555,101 and 13,324,756 shares outstanding, respectively			14				13
Additional paid-in capital			115,789				115,209
Accumulated deficit			(77,373	)			(77,436	)
Accumulated other comprehensive loss			(112	)			(165	)
Less Common Stock held in treasury, at cost: 7,642 shares			(88	)			(88	)
Total stockholders’ equity			38,230				37,533
Total liabilities and stockholders’ equity		$	74,580			$	70,898