Market Newsdesk

COLUMBIA, Md., Nov. 24, 2020 (GLOBE NEWSWIRE) — W. R. Grace & Co. (NYSE:GRA) today announced that Hudson La Force, President and Chief Executive Officer, Bill Dockman, Senior Vice President and Chief Financial Officer, and Jeremy Rohen, Vice President, Investor Relations and Corporate Development, will participate in Citi’s Basic Materials Virtual Conference on Tuesday, Dec. 1, 2020. The company will participate in small group discussions and one-on-one meetings as part of the virtual conference.

The investor presentation related to this conference can be accessed at investor.grace.com on the day of the conference.

About Grace

Built on talent, technology, and trust, Grace is a leading global specialty chemical company. The company’s two industry-leading business segments—Catalysts Technologies and Materials Technologies—provide innovative products, technologies, and services that enhance the products and processes of our customers around the world. With approximately 4,000 employees, Grace operates and/or sells to customers in over 60 countries. More information about Grace is available at grace.com.

This announcement contains, and the presentation will contain, forward-looking statements, that is, information related to future, not past, events. Such statements generally include the words “believes,” “plans,” “intends,” “targets,” “will,” “expects,” “suggests,” “anticipates,” “outlook,” “continues,” or similar expressions. Forward-looking statements include, without limitation, statements regarding future: financial positions; results of operations; cash flows; financing plans; business strategy; operating plans; capital and other expenditures; impact of COVID-19 on Grace’s business; competitive positions; growth opportunities for existing products; benefits from new technology; benefits from cost reduction initiatives; succession planning; and markets for securities. For these statements, Grace claims the protections of the safe harbor for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Grace is subject to risks and uncertainties that could cause actual results or events to differ materially from its projections or that could cause other forward-looking statements to prove incorrect. Factors that could cause actual results or events to differ materially from those contained in the forward-looking statements include, without limitation: risks related to foreign operations, especially in areas of active conflicts and in emerging regions; the costs and availability of raw materials, energy, and transportation; the effectiveness of Grace’s research and development and growth investments; acquisitions and divestitures of assets and businesses; developments affecting Grace’s outstanding indebtedness; developments affecting Grace’s pension obligations; legacy matters (including product, environmental, and other legacy liabilities) relating to past activities of Grace; its legal and environmental proceedings; environmental compliance costs (including existing and potential laws and regulations pertaining to climate change); the inability to establish or maintain certain business relationships; the inability to hire or retain key personnel; natural disasters such as storms and floods; fires and force majeure events; the economics of our customers’ industries, including the petroleum refining, petrochemicals, and plastics industries, and shifting consumer preferences; public health and safety concerns, including pandemics and quarantines; changes in tax laws and regulations; international trade disputes, tariffs, and sanctions; the potential effects of cyberattacks; and those additional factors set forth in Grace’s most recent Annual Report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, which have been filed with the Securities and Exchange Commission and are readily available on the internet at www.sec.gov. Grace’s reported results should not be considered as an indication of its future performance. Readers are cautioned not to place undue reliance on Grace’s projections and other forward-looking statements, which speak only as of the dates those projections and statements are made. Grace undertakes no obligation to release publicly any revisions to forward-looking statements contained in this announcement, or to update them to reflect events or circumstances occurring after the date of this announcement.

Media Relations

Rich Badmington
T +1 410.531.4370
[email protected]

Investor Relations

Jeremy Rohen
+1 410.531.8234
[email protected]

BEIJING, Nov. 25, 2020 (GLOBE NEWSWIRE) — BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a world’s leading online LGBTQ platform, today announced that it has entered into a definitive agreement with iRainbow Hong Kong Limited (“Finka”) and all of its subsidiaries and other entities under the control of Finka, pursuant to which BlueCity agreed to acquire 100% equity interests in Finka for an aggregate consideration of RMB240 million in cash. The transaction is subject to customary closing conditions, and the closing is currently expected to occur before mid-December.

Finka is a leading gay social networking app in China targeting younger generations. It helps young users establish social contact and record and share their daily life through rich product features like matching, private message, posting moments and live streaming. According to the Frost & Sullivan Report, Finka had over 2.7 million registered users in 2019. Finka is a top choice for young Chinese gay men to make friends.

Mr. Baoli Ma, BlueCity’s Founder, Chairman and Chief Executive Officer, commented: “We are excited about this strategic acquisition. Finka complements our Blued app, both in its functionality focused on dating and swipe, and in the demographics of its users. Blued has a broad suite of services for the gay community, while Finka is focused mainly on relationships. We share the same commitment and have been devoted to providing great social experiences to our users through innovative product offerings. After the acquisition, Finka will continue to operate as a separate app backed by our full support economically and operationally.”

Ma continued, “BlueCity is building a portfolio of apps and services designed to help community members across geographies and demographics. There is no ‘one size fits all’ dating/networking service, and we intend to continue to tailor our services to the specific needs of our community. As a leader in LGBTQ community, we have deep understanding of our users and will continuously improve and broaden our services through both organic growth and potential M&A opportunities.”

Ms. Qiang Xiao, Founder and CEO of Finka, added: “Blued and Finka each has unique features and strengths for their respective communities. This acquisition integrates a menu of options and create synergies that can better meet the needs of a wider demographic. We look forward to working with BlueCity’s talented team and building a better future together.”

About BlueCity

BlueCity (NASDAQ: BLCT) is a world-leading online LGBTQ platform providing a full suite of services to foster connections and enhance the wellbeing of the LGBTQ community. Mobile app Blued is the platform’s central hub, allowing users to conveniently and safely connect with each other, express themselves and access professional health-related and family planning consulting services. Blued has connected 54 million registered users worldwide, and is now the largest online LGBTQ community in China, India, Korea, Thailand and Vietnam.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” and similar statements. Among other things, business outlook and quotations from management in this announcement, as well as BlueCity’s strategic and operational plans, contain forward-looking statements. BlueCity may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about BlueCity’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s ability to retain and increase the number of users, paying members and advertisers, and expand its product and service offerings; the Company’s future business development, financial condition and results of operations; the expected changes in the Company’s revenues, costs or expenditures; the Company’s expectation regarding the use of proceeds from its IPO; competition in the Company’s industry and its popularity within the LGBTQ population; and relevant government policies and regulations relating to the Company’s industry; and the development and impacts of COVID-19. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is current as of the date of the press release, and the Company does not undertake any obligation to update such information, except as required under applicable law.

For more information, please contact:

In China:
BlueCity Holdings Limited
Ms. Lingling Kong
Investor Relations Director
Phone: +86 10-5876-9662
Email: [email protected] 

The Blueshirt Group
Ms. Susie Wang
Phone: +86 138-1081-7475
Email: [email protected]

In the United States:
The Blueshirt Group
Ms. Julia Qian
Phone: +1 973-619-3227
Email: [email protected] 

HIGH POINT, N.C., Nov. 24, 2020 (GLOBE NEWSWIRE) — vTv Therapeutics Inc. (Nasdaq: VTVT) today announced it has entered into a common stock purchase agreement (“Purchase Agreement”) for up to $47 million with Lincoln Park Capital Fund, LLC (“LPC”), a Chicago-based institutional investor.

“The LPC financing will help us reach a number of potential value-driving events over the next six to nine months, including the upcoming topline results of our phase 2 Elevage Study in patients with Alzheimer’s disease and type 2 diabetes in December,” said Steve Holcombe, President and CEO of vTv Therapeutics. “In addition, these funds will help us conduct a mechanistic study of TTP399, our oral treatment for patients with type 1 diabetes focused on its impact on diabetic ketoacidosis, and additionally a multiple-ascending dose study of HPP737 as a potential oral treatment for psoriasis.”

vTv will have the option, but not the obligation, to sell to LPC up to $47.0 million in shares of Class A common stock over a thirty-six-month period subject to certain conditions, including a registration statement being filed and declared effective by the SEC. There are no upper limits to the price LPC may pay to purchase Class A common stock from vTv and the purchase price of the shares will be based on the prevailing market prices of vTv’s shares at the time of each sale to LPC.

LPC has agreed not to cause or engage in any manner whatsoever, any direct or indirect short selling or hedging of vTv’s shares of Class A common stock. No warrants, derivatives, or other share classes are associated with this agreement. In consideration for entering into the agreement, vTv has issued shares of Class A common stock to LPC as a commitment fee. The Purchase Agreement may be terminated by vTv at any time, at its sole discretion, without any additional cost or penalty.

vTv intends to use the net proceeds from the transaction for general corporate purposes and to support its clinical development strategy, including finalizing and reporting topline results from the Company’s ongoing Elevage Study of azeliragon for the treatment of Alzheimer’s disease in patients with type 2 diabetes in December 2020, conducting a mechanistic study of TTP399 in patients with type 1 diabetes, and conducting a multiple-ascending dose study of HPP737 as part of a development program of the product as an oral therapy for psoriasis.

A more detailed description of the agreement is set forth in vTv’s Current Report on Form 8-K to be filed with the SEC.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in this offering, nor will there be any sale of these securities in any jurisdiction in which such offer solicitation or sale are unlawful prior to registration or qualification under securities laws of any such jurisdiction.

About vTv Therapeutics

vTv Therapeutics Inc. is a clinical-stage biopharmaceutical company focused on developing oral small molecule drug candidates. vTv has a pipeline of clinical drug candidates led by programs for the treatment of type 1 diabetes, Alzheimer’s disease, and psoriasis. vTv’s development partners are pursuing additional indications in type 2 diabetes, chronic obstructive pulmonary disease (COPD), and genetic mitochondrial diseases. For more information, please visit www.vtvtherapeutics.com or follow us on Twitter: @vTvTherapeutics.

Forward-Looking Statements

This release contains forward-looking statements, which involve risks and uncertainties. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. All statements other than statements of historical facts contained in this release, including statements regarding the timing of our clinical trials, our strategy, future operations, future financial position, future revenue, projected costs, prospects, plans, objectives of management and expected market growth are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Important factors that could cause our results to vary from expectations include those described under the heading “Risk Factors” in our Annual Report on Form 10-K and our other filings with the SEC. These forward-looking statements reflect our views with respect to future events as of the date of this release and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this release and, except as required by law, we undertake no obligation to update or review publicly any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this release. We anticipate that subsequent events and developments will cause our views to change. Our forward-looking statements do not reflect the potential impact of any future acquisitions, merger, dispositions, joint ventures or investments we may undertake. We qualify all of our forward-looking statements by these cautionary statements.

Contacts

Investors:

Corey Davis
LifeSci Advisors
[email protected]

or

Media:

Glenn Silver
Lazar FINN Partners
646-871-8485
[email protected]

TORONTO, Nov. 24, 2020 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces initial results from underground development on the A Zone at the Company’s 100% owned Kiena Mine Complex in Val d’Or, Quebec.

Kiena Deep A Zone Development

In addition to the ongoing definition drilling, sill development is currently being completed on the Kiena Deep A Zone on 111 Level. The development will provide an opportunity to confirm the geologic interpretation of the deposit, test for spatial and grade continuity of the mineralized structures, validate key assumptions of the mineral resource estimate, and assess the rock quality characteristics. This information will assist the ongoing Prefeasibility Study (“PFS”), expected to be completed by H1 2021, which will determine timing and details of the restart of the mine.

To date, approximately 123 metres (“m”) of 3.7 m x 4.0 m lateral development have been completed on the A and A1 zones. The initial development has confirmed the continuity of the A Zone high grade gold mineralization along strike. Visible gold is associated with folded quartz veins which are located within an overall zone of strong amphibole alteration. The amphibolite is located at the contact between basalt/feldspar porphyry dyke and ultramafic rocks (Figure 1). To date, approximately 6,000 tonnes (corresponding to the 123 m of development) grading 22.1 grams per tonne gold (“g/t Au”) have been mined based on uncapped muck samples (Figure 2). The muck samples compare well with chip samples collected along the face (Figure 3). The uncapped muck samples also compare well with the gold grade estimated by the uncapped version of the block model. These results are preliminary and final results will be presented on completion of the milling. The upcoming milling of the A Zone development material will be used to reconcile the gold content estimated by the muck and chip sampling and the block model.

Highlights of the recent A and A1 Zone development include;

• Chip sample R111-ZA22W-F: 246.2 g/t Au over 3.8 m chip length (66.5 g/t Au capped) A Zone
• Chip sample R111-ZA25W-F: 785.0 g/t Au over 2.8 m chip length (71.8 g/t Au capped) A Zone
• Chip sample R111-ZA1-5W-F: 19.4 g/t Au over 4.0 m chip length (19.4 g/t Au capped) A1 Zone
• Chip sample R111-ZA1-4W-F: 156.5 g/t Au over 1.0 m chip length (100.0 g/t Au capped) A1 Zone

All assays capped to 100.0 g/t Au.

The Kiena mill has now been restarted and is currently processing waste rock and low grade mineralization in preparation to process the Kiena Deep A Zone development material later next month. The development material will come from two zones, namely the A and A1 Zones. At this time we expect to process the estimated 6,000 tonnes of the combined zones. The milling results will be used to reconcile gold production with development muck and chip samples, as well as reconcile the production with grade estimated by three-dimensional block modelling and the forecast ounces of gold, thus validating key parameters of the resource estimate. The resource estimate is currently being updated and is planned to be released this December. This resource estimate will be the base of the ongoing PFS, expected to be completed on schedule in H1 2021.

Mr. Duncan Middlemiss, President and CEO, commented, “We are very pleased with the initial development, which has thus far confirmed the high grade nature and continuity of the A Zone. Everything learned from this development will be used in support of the prefeasibility study currently underway.

“We are also very encouraged with the recommissioning of the Kiena mill, that is now processing waste rock and low grade material in advance of the A Zone development material. It confirms the readiness of the mill for future production. Initial results from the uncapped muck and chip samples indicate the grades compare with the uncapped grades in the block model, which are higher than the reported capped mineral resource and which could be very positive. This is to be confirmed with the processing of the A Zone development material within the next month.

“In addition, we remain focused on continued drilling underground with 7 drills in the Kiena Deep and VC zones. This drilling has continued to confirm the overall continuity of the geometry and the high-grade gold mineralization of the A Zone that now extends down plunge in excess of 880 m. We have also commenced our surface exploration program with 2 drill rigs to test targets adjacent to the Kiena Mine Complex. In 2021, we expect to continue our aggressive exploration program both underground and on surface to test the numerous targets that remain underexplored, and also, to progress the A Zone development ramp for drilling and future production.”

TECHNICAL DISCLOSURE

The technical and geoscientific content of this release has been compiled, reviewed and approved by Bruno Turcotte, P.Geo., (OGQ #453) Senior Project Geologist of the Company and a “Qualified Person” as defined in National Instrument 43-101 -Standards of Disclosure for Mineral Projects.

Analytical work was performed by ALS Minerals of Val-d’Or (Quebec), a certified commercial laboratory (Accredited Lab #689). Sample preparation was done at ALS Minerals in Val d’Or (Quebec). Assaying was done by fire assay methods with an atomic absorption finish. Any sample assaying >100 g/t Au was rerun by metallic sieve method. In addition to laboratory internal duplicates, standards and blanks, the geology department inserts blind duplicates, standards and blanks into the sample stream to monitor quality control for chip and muck samples.

COVID-19

The health and safety of our employees, contractors, vendors, and consultants is the Company’s top priority. In response to the COVID-19 outbreak, Wesdome has adopted all public health guidelines regarding safety measures and protocols at all of its mine operations and corporate offices. In addition, our internal COVID-19 Taskforce continues to monitor developments and implement policies and programs intended to protect those who are engaged in business with the Company.

Through care and planning, to date the Company has successfully maintained operations, however there can be no assurance that this will continue despite our best efforts. Future conditions may warrant reduced or suspended production activities which could negatively impact our ability to maintain projected timelines and objectives. Consequently, the Company’s actual future production and production guidance is subject to higher levels of risk than usual. We are continuing to closely monitor the situation and will provide updates as they become available.

ABOUT WESDOME

Wesdome Gold Mines has had over 30 years of continuous gold mining operations in Canada.  The Company is 100% Canadian focused with a pipeline of projects in various stages of development.  The Company’s strategy is to build Canada’s next intermediate gold producer, producing 200,000+ ounces from two mines in Ontario and Quebec. The Eagle River Complex in Wawa, Ontario is currently producing gold from two mines, the Eagle River Underground Mine and the Mishi Open pit, from a central mill.  Wesdome is actively exploring its brownfields asset, the Kiena Complex in Val d’Or, Quebec.  The Kiena Complex is a fully permitted former mine with a 930-metre shaft and 2,000 tonne-per-day mill.  The Company has further upside at its Moss Lake gold deposit, located 100 kilometres west of Thunder Bay, Ontario.  The Company has approximately 138.9 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol “WDO”.

For further information, please contact:

Duncan Middlemiss	or	Lindsay Carpenter Dunlop
President and CEO		VP Investor Relations
416-360-3743 ext. 2019		416-360-3743 ext. 2025
[email protected]		[email protected]

220 Bay St, Suite 1200
Toronto, ON, M5J 2W4
Toll Free: 1-866-4-WDO-TSX
Phone: 416-360-3743, Fax: 416-360-7620
Website: www.wesdome.com

This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
The Company has included in this news release certain non-IFRS performance measures, including, but not limited to, mine operating profit, mining and processing costs and cash costs. Cash costs per ounce reflect actual mine operating costs incurred during the fiscal period divided by the number of ounces produced. These measures are not defined under IFRS and therefore should not be considered in isolation or as an alternative to or more meaningful than, net income (loss) or cash flow from operating activities as determined in accordance with IFRS as an indicator of our financial performance or liquidity. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company’s performance and ability to generate cash flow.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/13b34a87-2c26-4021-aced-d35e752291f5

https://www.globenewswire.com/NewsRoom/AttachmentNg/de8f4e0c-2f95-4c74-96c5-b245bd861c79

https://www.globenewswire.com/NewsRoom/AttachmentNg/3e98f1d7-50f8-4432-a52f-081430f320da

PDF available: http://ml.globenewswire.com/Resource/Download/671317d4-6d83-4bd0-b729-4c296d6f925d

COVINGTON, La., Nov. 24, 2020 (GLOBE NEWSWIRE) — Pool Corporation (Nasdaq:POOL) announced today that Mark W. Joslin, Senior Vice President and Chief Financial Officer, will be participating in the 43^rd Nasdaq Investor Conference. Mr. Joslin will be giving a virtual presentation on Thursday, December 3, 2020, at 12:00 PM Eastern Time. Informational materials used during the conference will be posted on POOLCORP’s website on the morning of the conference.

Pool Corporation is the world’s largest wholesale distributor of swimming pool and related backyard products. POOLCORP operates approximately 390 sales centers in North America, Europe and Australia through which it distributes more than 200,000 national brand and private label products to roughly 120,000 wholesale customers. For more information about POOLCORP, please visit www.poolcorp.com.

This news release may include “forward-looking” statements that involve risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including impacts on our business from the COVID-19 pandemic, the sensitivity of the swimming pool supply business to weather conditions and other risks detailed in POOLCORP’s 2019 Form 10-K, Quarterly Reports on Form 10-Q and other reports and filings with the Securities and Exchange Commission (SEC).

CONTACT:

Curtis J. Scheel
Director of Investor Relations
985.801.5341
[email protected]

BEIJING, Nov. 24, 2020 (GLOBE NEWSWIRE) — 21Vianet Group, Inc. (Nasdaq: VNET) (“21Vianet” or the “Company”), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2020. The Company will hold a conference call at 8:00 P.M. on Tuesday, November 24, 2020, U.S. Eastern Time to discuss the financial results. Dial-in details are provided at the end of this release.

Third quarter 2020 Financial Highlights

• Net revenues increased by 27.0% to RMB1.25 billion (US$183.5 million) from RMB981.0 million in the same period of 2019.
• Adjusted cash gross profit (non-GAAP) increased by 32.6% to RMB526.2 million (US$77.5 million) from RMB396.7 million in the same period of 2019. Adjusted cash gross margin (non-GAAP) was 42.2%, compared to 40.4% in the same period of 2019 and 40.9% in the second quarter of 2020.
• Adjusted EBITDA (non-GAAP) increased by 35.2% to RMB368.5 million (US$54.3 million) from RMB272.5 million in the same period of 2019. Adjusted EBITDA margin (non-GAAP) was 29.6%, compared to 27.8% in the same period of 2019 and 26.8% in the second quarter of 2020.

Third quarter 2020 Operational Highlights

• Total cabinets under management net increased by 7,426 to 51,476 as of September 30, 2020, compared to 44,050 as of June 30, 2020, and 32,116 as of September 30, 2019.
• Retail IDC MRR¹ per cabinet increased slightly to RMB9,074 in the third quarter of 2020, compared to RMB8,711 in the same period of 2019 and RMB8,953 in the second quarter of 2020.
• Compound utilization rate improved to 64.2% from 61.4% in the second quarter of 2020, mainly reflecting the Company’s shortened move-in period for newly delivered cabinets and ongoing refinement of its customer mix.
  • Utilization rate for mature IDCs delivered prior to 2019 improved to 77.0% in the third quarter of 2020 from 73.6% in the second quarter of 2020.
  • Utilization rate for newly-built and ramp-up IDCs delivered since 2019 improved to 35.9% in the third quarter of 2020, compared to 30.1% in the second quarter of 2020.

_________________________________
¹Retail IDC MRR: Refers to Monthly Recurring Revenues for the retail IDC business.

Mr. Alvin Wang, Chief Executive Officer and President of the Company, stated, “We are pleased to announce that we delivered a strong performance in the third quarter of 2020 as a result of our dual-core growth strategy, competitive IDC solutions for both retail and wholesale customers, and on-track delivery schedule. Moreover, in recognition of the IDC industry’s steady growth trajectory in China, we continued to work towards better positioning ourselves for long-term growth. Firstly, to further bolster our IDC pipeline in the surrounding areas of tier-one cities, we secured two separate IDC resources to the immediate east of Beijing, adding around 50MW in total capacity to this key area. Furthermore, we secured an additional 140MW of IT power to be used in the expansion of our Jiangsu Campus over the next three to five years. Secondly, we announced the launch of our management rotation program, which will take effect in the coming year and help us to develop more internal synergies and cross-functional expertise. Thirdly, we developed our 2021-2023 Three-Year Growth Plan to accelerate our future expansion and further optimize our dual-core growth strategy. Looking ahead, we are confident that such measures will serve to sustain our growth momentum, enhance our operations, and unlock more value throughout China’s IDC industry over the long term.”

Ms. Sharon Liu, Chief Financial Officer of the Company, commented, “We concluded the third quarter of 2020 with solid financial results as our revenues were within our previous guidance range and our adjusted EBITDA exceeded the high end of our guidance range. In the meantime, we also continued to improve our margins. Our strong financial growth reflects both our continuous cabinet expansion and improved utilization rates. To date, we have already delivered more than 15,000 cabinets in total since the beginning of this year. Our strong balance sheet, ability to secure cost-efficient financing sources, and endorsement from well-established investors in the IDC industry continue to showcase the strength of our financials and our preparedness to capitalize on new growth opportunities. Going forward, we remain confident in our ability to reach our development goals, continue increasing our market share, and deliver lasting value to our shareholders in turn.”

Third quarter 2020 Financial Results

NET REVENUES:
Net revenues in the third quarter of 2020 increased by 27.0% to RMB1.25 billion (US$183.5 million) from RMB981.0 million in the third quarter of 2019, representing an increase of 8.9% from RMB1.14 billion in the second quarter of 2020. The increase was mainly due to the growing demand of both wholesale and retail IDC customers, driven by the long-term trend of corporate digitization across China.

GROSS PROFIT:
Gross profit in the third quarter of 2020 was RMB275.1 million (US$40.5 million), representing an increase of 23.6% from RMB222.6 million in the same period of 2019 and an increase of 1.0% from RMB272.3 million in the second quarter of 2020. Gross margin in the third quarter of 2020 was 22.1%, compared to 22.7% in the same period of 2019 and 23.8% in the second quarter of 2020. The year-over-year decrease in gross margin was primarily attributable to the delivery of additional IDC capacity as well as the additional time required to ramp up the utilization rates of the newly added cabinets.

ADJUSTED


CASH GROSS PROFIT

, which excludes depreciation, amortization, and share-based compensation expenses, was  RMB526.2 million (US$77.5 million) in the third quarter of 2020, compared to RMB396.7 million in the same period of 2019 and RMB467.6 million in the second quarter of 2020. Adjusted cash gross margin in the third quarter of 2020 was 42.2%, compared to 40.4% in the same period of 2019 and 40.9% in the second quarter of 2020.
                                                                                                                                                                                            
OPERATING EXPENSES: Total operating expenses in the third quarter of 2020 were RMB199.3 million (US$29.4 million), compared to RMB157.1 million in the same period of 2019 and RMB193.5 million in the second quarter of 2020. As a percentage of net revenues, total operating expenses in the third quarter of 2020 was 16.0%, compared to 16.0% in the same period of 2019 and 16.9% in the second quarter of 2020.

Sales and marketing expenses in the third quarter of 2020 were RMB45.8 million (US$6.7 million), representing a decrease of 12.7% from RMB52.4 million in the same period of 2019 and a decrease of 11.4% from RMB51.7 million in the second quarter of 2020. The decrease in sales and marketing expenses was primarily attributable to temporarily delayed sales and marketing activities.

Research and development expenses in the third quarter of 2020 were RMB26.1 million (US$3.8 million), representing an increase of 15.8% from RMB22.5 million in the same period of 2019 and an increase of 10.2% from RMB23.7 million in the second quarter of 2020, primarily due to the Company’s continuous investments in technology upgrades.

General and administrative expenses in the third quarter of 2020 were RMB127.5 million (US$18.8 million), representing an increase of 55.2% from RMB82.2 million in the same period of 2019 and an increase of 6.7% from RMB119.5 million in the second quarter of 2020. The increase in general and administrative expenses was primarily due to increased staff costs related to the recruitment of experienced management personnel.

ADJUSTED OPERATING EXPENSES
, which exclude share-based compensation expenses, were RMB180.5 million (US$26.6 million) in the third quarter of 2020, representing an increase of 23.4% from RMB146.2 million in the same period of 2019 and a slight decrease of 1.1% from RMB182.5 million in the second quarter of 2020. As a percentage of net revenues, adjusted operating expenses in the third quarter of 2020 decreased to 14.5% from 14.9% in the same period of 2019 and from 15.9% in the second quarter of 2020.

ADJUSTED EBITDA:
Adjusted EBITDA in the third quarter of 2020 was RMB368.5 million (US$54.3 million), representing an increase of 35.2% from RMB272.5 million in the same period of 2019 and an increase of 20.2% from RMB306.4 million in the second quarter of 2020. Adjusted EBITDA in the third quarter of 2020 excluded share-based compensation expenses of RMB23.1 million (US$3.4 million). Adjusted EBITDA margin was 29.6% in the third quarter of 2020, compared to 27.8% in the same period of 2019 and 26.8% in the second quarter of 2020.

NET PROFIT/LOSS:
Net profit attributable to ordinary shareholders in the third quarter of 2020 was RMB97.1 million (US$14.3 million), compared to a net loss attributable to ordinary shareholders of RMB69.5 million in the same period of 2019 and a net loss attributable to ordinary shareholders of RMB2.12 billion in the second quarter of 2020.

PROFIT/LOSS PER SHARE:
Basic and diluted profit per share were RMB0.11 (US$0.02) and RMB0.08 (US$0.01), respectively, in the third quarter of 2020, which represents the equivalent of RMB0.66 (US$0.12) and RMB0.48 (US$0.06), respectively, per American depositary share (“ADS”). Each ADS represents six Class A ordinary shares. Diluted profit/loss per share is calculated using net profit/loss attributable to ordinary shareholders divided by the weighted average number of diluted shares outstanding.

As of September 30, 2020, the aggregate amount of the Company’s cash andcash equivalents, restricted cash, and short-term investments were RMB5.53 billion (US$815.2 million).

Net cash generated from operating activities in the third quarter of 2020 was RMB210.0 million (US$30.9 million), compared to RMB198.6 million in the same period of 2019 and RMB161.8 million in the second quarter of 2020.

Financial Outlook

For the fourth quarter of 2020, the Company expects net revenues to be in the range of RMB1,320 million to RMB1,340 million. Adjusted EBITDA in the fourth quarter of 2020 is expected to be in the range of RMB380 million to RMB400 million.

For the full year of 2020, the Company expects net revenues to be in the range of RMB4,800 million to RMB4,820 million. Adjusted EBITDA for the full year of 2020 is expected to be in the range of RMB1,314 million to RMB1,334 million. The midpoints of the Company’s updated estimates imply an increase of 27% and 26% year over year in net revenues and adjusted EBITDA, respectively.

The forecast reflects the Company’s current and preliminary views on the market and its operational conditions, which do not factor in any of the potential future impacts caused by the COVID-19 pandemic, and are subject to change.

Three-Year Growth Plan

In order to capitalize on the forecasted market trends and augment its market position as a reliable carrier- and cloud-neutral Internet data center services provider in China, the Company has developed a new Three-Year Growth Plan, outlining its objectives from 2021 to 2023. As part of the plan, the Company has set a minimum capacity expansion target of 25,000 standard cabinets (or 180MW) per year.

The forecast reflects the Company’s current and preliminary views on the market and its operational conditions, which are subject to change.

Conference Call

The Company will hold a conference call at 8:00 P.M. on Tuesday, November 24, 2020, U.S. Eastern Time, or 9:00 A.M. on Wednesday, November 25, 2020, Beijing Time, to discuss the financial results.

In advance of the conference call, all participants must use the following link to complete the online registration process to receive a unique registrant ID and a set of participant dial-in numbers to join the conference call.

Conference ID:	5348857
Registration Link:	http://apac.directeventreg.com/registration/event/5348857
The replay will be accessible through December 2, 2020, by dialing the following numbers:
United States Toll Free:	+1-855-452-5696
International:	+61-2-8199-0299
Conference ID:	5348857

A live and archived webcast of the conference call will be available through the Company’s investor relations website at http://ir.21vianet.com.

Non-GAAP Disclosure

In evaluating its business, 21Vianet considers and uses the following non-GAAP measures defined as non-GAAP financial measures by the Securities and Exchange Commission as a supplemental measure to review and assess its operating performance: adjusted cash gross profit, adjusted cash gross margin, adjusted operating expenses, adjusted EBITDA, adjusted EBITDA margin, The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of GAAP and non-GAAP results” set forth at the end of this press release.

The non-GAAP financial measures are provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors’ overall understanding of the Company’s current financial performance and prospects for the future. These non-GAAP financial measures should be considered in addition to results prepared in accordance with U.S. GAAP, but should not be considered a substitute for, or superior to, U.S. GAAP results. In addition, the Company’s calculation of the non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited.

Exchange Rate

This announcement contains translations of certain RMB amounts into U.S. dollars (“USD”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB6.7896 to US$1.00, the noon buying rate in effect on September 30, 2020, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release.

Statement Regarding Unaudited Condensed Financial Information

The unaudited financial information set forth above is preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company’s year-end audit, which could result in significant differences from this preliminary unaudited condensed financial information.

About 21Vianet

21Vianet Group, Inc. is a leading carrier- and cloud-neutral Internet data center services provider in China. 21Vianet provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security and speed of its customers’ Internet infrastructure. Customers may locate their servers and equipment in 21Vianet’s data centers and connect to China’s Internet backbone. 21Vianet operates in more than 20 cities throughout China, servicing a diversified and loyal base of over 6,000 hosting and related enterprise customers that span numerous industries ranging from Internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “target,” “believes,” “estimates” and similar statements. Among other things, quotations from management in this announcement as well as 21Vianet’s strategic and operational plans contain forward-looking statements. 21Vianet may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about 21Vianet’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 21Vianet’s goals and strategies; 21Vianet’s expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, 21Vianet’s services; 21Vianet’s expectations regarding keeping and strengthening its relationships with customers; 21Vianet’s plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where 21Vianet provides solutions and services. Further information regarding these and other risks is included in 21Vianet’s reports filed with, or furnished to, the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and 21Vianet undertakes no duty to update such information, except as required under applicable law.

Investor Relations Contacts:

21Vianet Group, Inc.

Rene Jiang
+86 10 8456 2121
[email protected]

Julia Jiang
+86 10 8456 2121
[email protected]

ICR, Inc.

Xinran Rao
+1 (646) 405-4922
[email protected]

 

21VIANET GROUP, INC.
CONSOLIDATED BALANCE SHEETS
(Amount in thousands of Renminbi (“RMB”) and US dollars (“US$”))
	As of		As of
	December 31, 2019		September 30, 2020
	RMB		RMB		US$
	(Audited)		(Unaudited)		(Unaudited)
Assets
Current assets:
Cash and cash equivalents	1,808,483		5,204,689		766,568
Restricted cash	478,873		178,949		26,356
Accounts and notes receivable, net	657,158		883,902		130,185
Short-term investments	363,856		80,444		11,848
Prepaid expenses and other current assets	1,618,149		1,328,463		195,661
Amounts due from related parties	301,665		125,007		18,412
Total current assets	5,228,184		7,801,454		1,149,030
Non-current assets:
Property and equipment, net	5,443,565		7,184,471		1,058,158
Intangible assets, net	410,595		571,967		84,242
Land use rights, net	233,154		257,400		37,911
Operating lease right-of-use assets, net	1,221,616		1,238,443		182,403
Goodwill	989,530		994,993		146,547
Long-term investments	169,653		151,226		22,273
Amounts due from related parties	20,654		20,229		2,979
Restricted cash	69,821		70,673		10,409
Deferred tax assets	209,366		147,895		21,783
Other non-current assets	277,568		411,234		60,568
Total non-current assets	9,045,522		11,048,531		1,627,273
Total assets	14,273,706		18,849,985		2,776,303
Liabilities and Shareholders’ Equity
Current liabilities:
Short-term bank borrowings	234,500		38,500		5,670
Accounts and notes payable	303,128		332,726		49,005
Accrued expenses and other payables	978,935		1,451,722		213,816
Deferred revenue	57,625		51,993		7,658
Advances from customers	1,068,692		627,981		92,492
Income taxes payable	48,032		50,454		7,431
Amounts due to related parties	166,935		64,006		9,427
Current portion of long-term bank borrowings	32,500		44,500		6,554
Current portion of finance lease liabilities	227,115		355,084		52,298
Current portion of deferred government grant	2,595		2,074		305
Current portion of bonds payable	911,147		–		–
Current portion of operating lease liabilities	437,817		468,056		68,937
Total current liabilities	4,469,021		3,487,096		513,593
Non-current liabilities:
Long-term borrowings	79,500		485,123		71,451
Amounts due to related parties	745,899		742,611		109,375
Unrecognized tax benefits	2,443		3,873		571
Deferred tax liabilities	202,572		243,370		35,845
Non-current portion of finance lease liabilities	896,927		1,061,281		156,310
Non-current portion of deferred government grant	5,906		4,551		670
Bonds payable	2,060,708		2,024,365		298,157
Non-current portion of operating lease liabilities	579,102		558,154		82,207
Convertible promissory notes	–		2,539,118		373,972
Total non-current liabilities	4,573,057		7,662,446		1,128,558
Shareholders’ equity
Treasury stock	(349,523	)	(349,523	)	(51,479	)
Ordinary shares	46		55		8
Additional paid-in capital	9,202,567		12,790,027		1,883,767
Accumulated other comprehensive gain	77,904		38,605		5,686
Statutory reserves	60,469		60,030		8,841
Accumulated deficit	(4,038,390	)	(6,205,303	)	(913,942	)
Series A perpetual convertible preferred shares	–		1,044,831		153,887
Total 21Vianet Group, Inc. shareholders’ equity	4,953,073		7,378,722		1,086,768
Noncontrolling interest	278,555		321,721		47,384
Total shareholders’ equity	5,231,628		7,700,443		1,134,152
Total liabilities and shareholders’ equity	14,273,706		18,849,985		2,776,303

21VIANET GROUP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amount in thousands of Renminbi (“RMB”) and US dollars (“US$”) except for number of shares and per share data)
	Three months ended									Nine months ended
	September 30, 2019		June 30, 2020		September 30, 2020					September 30, 2019		September 30, 2020
	RMB		RMB		RMB		US$			RMB		RMB		US$
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)			(Unaudited)		(Unaudited)		(Unaudited)
Net revenues	980,969		1,144,061		1,245,794		183,486			2,740,848		3,480,652		512,645
Cost of revenues	(758,414	)	(871,729	)	(970,651	)	(142,961	)		(2,049,270	)	(2,699,066	)	(397,529	)
Gross profit	222,555		272,332		275,143		40,525			691,578		781,586		115,116
Operating expenses
Sales and marketing	(52,399	)	(51,652	)	(45,760	)	(6,740	)		(143,121	)	(146,122	)	(21,521	)
Research and development	(22,518	)	(23,665	)	(26,078	)	(3,841	)		(63,872	)	(70,727	)	(10,417	)
General and administrative	(82,156	)	(119,494	)	(127,546	)	(18,785	)		(305,293	)	(372,242	)	(54,825	)
(Allowance) reversal for doubtful debt	(6	)	1,338		111		16			(485	)	(1,072	)	(158	)
Total operating expenses	(157,079	)	(193,473	)	(199,273	)	(29,350	)		(512,771	)	(590,163	)	(86,921	)
Operating profit	65,476		78,859		75,870		11,175			178,807		191,423		28,195
Interest income	15,379		11,713		6,440		949			39,619		27,535		4,055
Interest expense	(96,936	)	(102,742	)	(96,366	)	(14,193	)		(257,580	)	(301,366	)	(44,386	)
Other income	2,187		8,197		2,747		405			14,220		11,803		1,738
Other expense	(127	)	(2,158	)	(4,995	)	(736	)		(4,362	)	(28,986	)	(4,269	)
Changes in the fair value of convertible promissory notes	–		(1,612,054	)	24,939		3,673			–		(1,587,115	)	(233,757	)
Foreign exchange (loss) gain	(40,192	)	275		114,101		16,805			(50,507	)	72,629		10,697
Loss on debt extinguishment	(969	)	–		–		–			(18,773	)	–		–
(Loss) gain before income taxes and (loss) gain from equity method investments	(55,182	)	(1,617,910	)	122,736		18,078			(98,576	)	(1,614,077	)	(237,727	)
Income tax expenses	(10,039	)	(20,410	)	(25,230	)	(3,716	)		(30,123	)	(68,126	)	(10,034	)
(Loss) gain from equity method investments	(1,078	)	(10,457	)	2,265		334			(30,293	)	(4,325	)	(637	)
Net (loss) profit	(66,299	)	(1,648,777	)	99,771		14,696			(158,992	)	(1,686,528	)	(248,398	)
Net profit attributable to noncontrolling interest	(3,157	)	(3,573	)	(2,627	)	(387	)		(6,884	)	(7,441	)	(1,096	)
Net (loss) profit attributable to 21 Vianet Group, Inc.	(69,456	)	(1,652,350	)	97,144		14,309			(165,876	)	(1,693,969	)	(249,494	)
Deemed distribution to Series A perpetual convertible preferred shareholders	–		(470,643	)	–		–			–		(470,643	)	(69,318	)
Net (loss) profit attributable to the Company’s ordinary shareholders	(69,456	)	(2,122,993	)	97,144		14,309			(165,876	)	(2,164,612	)	(318,812	)
(Loss) profit per share
Basic	(0.10	)	(3.21	)	0.11		0.02			(0.24	)	(3.17	)	(0.47	)
Diluted	(0.10	)	(3.21	)	0.08		0.01			(0.24	)	(3.17	)	(0.47	)
Shares used in (loss) profit per share computation
Basic*	679,135,837		660,949,226		716,409,506		716,409,506			678,359,403		686,292,393		686,292,393
Diluted*	679,135,837		660,949,226		805,640,008		805,640,008			678,359,403		686,292,393		686,292,393
(Loss) profit per ADS (6 ordinary shares equal to 1 ADS)
Basic	(0.60	)	(19.26	)	0.66		0.12			(1.44	)	(19.02	)	(2.82	)
Diluted	(0.60	)	(19.26	)	0.48		0.06			(1.44	)	(19.02	)	(2.82	)
* Shares used in (loss) profit per share/ADS computation were computed under weighted average method.

21VIANET GROUP, INC.
RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS
(Amount in thousands of Renminbi (“RMB”) and US dollars (“US$”))
	Three months ended									Nine months ended
	September 30, 2019		June 30, 2020		September 30, 2020					September 30, 2019		September 30, 2020
	RMB		RMB		RMB		US$			RMB		RMB		US$
Gross profit	222,555		272,332		275,143		40,525			691,578		781,586		115,116
Plus: depreciation and amortization	173,712		194,651		246,747		36,342			514,235		623,954		91,898
Plus: share-based compensation expenses	464		569		4,340		639			1,397		5,369		791
Adjusted cash gross profit	396,731		467,552		526,230		77,506			1,207,210		1,410,909		207,805
Adjusted cash gross margin	40.4	%	40.9	%	42.2	%	42.2	%		44.0	%	40.5	%	40.5	%
Operating expenses	(157,079	)	(193,473	)	(199,273	)	(29,350	)		(512,771	)	(590,163	)	(86,921	)
Plus: share-based compensation expenses	10,833		11,005		18,768		2,764			33,930		49,401		7,276
Adjusted operating expenses	(146,246	)	(182,468	)	(180,505	)	(26,586	)		(478,841	)	(540,762	)	(79,645	)
Operating profit	65,476		78,859		75,870		11,175			178,807		191,423		28,195
Plus: depreciation and amortization	195,729		215,981		269,478		39,690			572,563		688,066		101,341
Plus: share-based compensation expenses	11,297		11,574		23,108		3,403			35,327		54,770		8,067
Adjusted EBITDA	272,502		306,414		368,456		54,268			786,697		934,259		137,603
Adjusted EBITDA margin	27.8	%	26.8	%	29.6	%	29.6	%		28.7	%	26.8	%	26.8	%

21VIANET GROUP, INC.
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Amount in thousands of Renminbi (“RMB”) and US dollars (“US$”))
	Three months ended
	September 30, 2019		June 30, 2020		September 30, 2020
	RMB		RMB		RMB		US$
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) profit	(66,299	)	(1,648,777	)	99,771		14,696
Adjustments to reconcile net (loss) profit to net cash generated from operating activities:
Depreciation and amortization	195,729		215,981		269,478		39,690
Stock-based compensation expenses	11,297		11,574		23,108		3,403
Others	33,913		1,776,114		(60,721	)	(8,943	)
Changes in operating assets and liabilities
Accounts and notes receivable	(133,929	)	(79,036	)	74,342		10,949
Prepaid expenses and other current assets	(84,332	)	(126,703	)	438,214		64,542
Accounts and notes payable	35,444		(37,021	)	(4,676	)	(689	)
Accrued expenses and other payables	105,076		41,951		8,016		1,181
Deferred revenue	16,138		(18,731	)	(2,334	)	(344	)
Advances from customers	103,772		29,340		(559,680	)	(82,432	)
Others	(18,259	)	(2,905	)	(75,547	)	(11,127	)
Net cash generated from operating activities	198,550		161,787		209,971		30,926
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(448,614	)	(478,231	)	(786,554	)	(115,847	)
Purchases of intangible assets	(8,278	)	(15,707	)	(8,923	)	(1,314	)
(Payments for) proceeds from investments	(320,660	)	68,989		(106,368	)	(15,666	)
Proceeds from (payments for) other investing activities	162,811		9,484		(12,626	)	(1,860	)
Net cash used in investing activities	(614,741	)	(415,465	)	(914,471	)	(134,687	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of ordinary shares	–		–		2,680,706		394,825
Proceeds from bank borrowings	200,000		203,978		24,776		3,649
Repayment of bank borrowings	(44,331	)	–		(200,000	)	(29,457	)
Payments for finance lease	(83,274	)	(73,165	)	(137,982	)	(20,323	)
Repurchase of 2020 Notes	(126,553	)	–		(915,543	)	(134,845	)
Payment of issuance cost of 2021 Notes	(183	)	–		–		–
Proceeds from issuance of convertible promissory notes	–		509,577		–		–
Proceeds from Series A perpetual convertible preferred shares	–		1,058,325		–		–
(Payments for) proceeds from other financing activities	(95,477	)	107,796		(6,628	)	(976	)
Net cash (used in) generated from financing activities	(149,818	)	1,806,511		1,445,329		212,873
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	68,718		10,778		(108,885	)	(16,037	)
Net (decrease) increase in cash, cash equivalents and restricted cash	(497,291	)	1,563,610		631,944		93,075
Cash, cash equivalents and restricted cash at beginning of period	3,085,400		3,258,757		4,822,367		710,258
Cash, cash equivalents and restricted cash at end of period	2,588,109		4,822,367		5,454,311		803,333

SALT LAKE CITY, Nov. 24, 2020 (GLOBE NEWSWIRE) — Health Catalyst, Inc. (“Health Catalyst”, Nasdaq: HCAT), a leading provider of data and analytics technology and services to healthcare organizations, today announced that Patrick Nelli, President, Bryan Hunt, CFO and Adam Brown, SVP of Investor Relations and FP&A, will participate in the following upcoming investor conferences:

• Piper Sandler 32^nd Annual Virtual Healthcare Conference on Wednesday, December 2, 2020, which will include a fireside chat presentation. An audio-only recording will be available at https://ir.healthcatalyst.com/investor-relations.
• Evercore ISI HealthCONx Conference on Thursday, December 3, 2020, which will include a fireside chat presentation at 4:20 p.m. EST.
• Guggenheim Digital Health Virtual Conference which will include a fireside chat presentation on Tuesday, December 8, 2020 at 3:15 p.m. EST, as well as one-on-one meetings on Wednesday, December 9, 2020.

About Health Catalyst

Health Catalyst is a leading provider of data and analytics technology and services to healthcare organizations committed to being the catalyst for massive, measurable, data-informed healthcare improvement. Its customers leverage the cloud-based data platform—powered by data from more than 100 million patient records and encompassing trillions of facts—as well as its analytics software and professional services expertise to make data-informed decisions and realize measurable clinical, financial, and operational improvements. Health Catalyst envisions a future in which all healthcare decisions are data informed.

Health Catalyst Investor Relations Contact:

Adam Brown
Senior Vice President, Investor Relations and FP&A
+1 (855)-309-6800
[email protected]

Health Catalyst Media Contact:

Kristen Berry
Vice President, Public Relations
+1 (617) 234-4123
+1 (774) 573-0455 (m)
[email protected]

 

SANTA MONICA, Calif., Nov. 24, 2020 (GLOBE NEWSWIRE) — Leaf Group Ltd. (NYSE: LEAF), a diversified consumer internet company, announced that the Company’s Chief Executive Officer Sean Moriarty and Chief Financial Officer Brian Gephart will participate in the 24^th Annual Credit Suisse Technology Conference on Monday, November 30, 2020.

Management will be hosting virtual investor calls and a webcast presentation at 3:40pm EST.

The Company’s most recent investor presentation will be made available on Leaf Group’s Investor Relations website at ir.leafgroup.com under the Events & Presentations page.

About Leaf Group

Leaf Group Ltd. (NYSE: LEAF) is a diversified consumer internet company that builds enduring, creator-driven brands that reach passionate audiences in large and growing lifestyle categories, including fitness and wellness (Well+Good, Livestrong.com and MyPlate App), and home, art and design (Saatchi Art, Society6 and Hunker). For more information about Leaf Group, visit www.leafgroup.com.

Investor Contact

Shawn Milne
(310) 656-6346
[email protected]

BOSTON, Nov. 24, 2020 (GLOBE NEWSWIRE) — Yumanity Therapeutics, a clinical-stage biopharmaceutical company focused on the discovery and development of innovative, disease-modifying therapies for neurodegenerative diseases, today announced that Richard Peters, Chief Executive Officer, will present at the Piper Sandler 32nd Annual Virtual Healthcare Conference.

Dr. Peters’ presentation at the Piper Sandler conference will be available on-demand via the conference portal and through the Company’s website at yumanity.com/events beginning November 23, 2020.

About Yumanity
Therapeutics

Yumanity Therapeutics is a clinical-stage biopharmaceutical company that is accelerating the revolution in the treatment of neurodegenerative diseases through its transformative scientific foundation and drug discovery platform. The Company’s most advanced product candidate, YTX-7739, is currently in Phase 1 clinical development for Parkinson’s disease. Yumanity’s drug discovery platform allows the Company to rapidly screen for disease-modifying therapies to overcome toxicity of misfolded proteins in neurogenerative diseases. Yumanity’s growing pipeline consists of additional programs focused on Lewy body dementia, amyotrophic lateral sclerosis (ALS), and Alzheimer’s disease. For more information, please visit www.yumanity.com.

Contacts

Investors:

Burns McClellan, Inc.
John Grimaldi
[email protected]
(212) 213-0006

Media:

Burns McClellan, Inc.
Ryo Imai / Robert Flamm, Ph.D.
[email protected] / [email protected]
(212) 213-0006

BILLERICA, Mass., Nov. 24, 2020 (GLOBE NEWSWIRE) — Conformis, Inc. (NASDAQ:CFMS) announced today that Mark Augusti, President and Chief Executive Officer, and Robert Howe, Chief Financial Officer, will participate in the 32^nd Annual 2020 Piper Sandler Virtual Healthcare Conference taking place December 1-3, 2020. Conformis will provide an investor presentation and will be available for virtual one-on-one meetings during the conference.

About Conformis, Inc.

Conformis is a medical technology company that uses its proprietary iFit Image-to-Implant technology platform to develop, manufacture, and sell joint replacement implants and instruments that are individually sized and shaped, which we refer to as personalized, individualized, or sometimes as customized, to fit each patient’s unique anatomy. Conformis offers a broad line of sterile, personalized knee and hip implants and single-use instruments delivered to hospitals and ambulatory surgical centers. In clinical studies, the Conformis iTotal CR knee replacement system demonstrated superior clinical outcomes, including better function and greater patient satisfaction, compared to traditional, off-the-shelf implants. Conformis owns or exclusively in-licenses issued patents and pending patent applications that cover personalized implants and patient-specific instrumentation for all major joints.

For more information, visit www.conformis.com. To receive future releases in e-mail alerts, sign up at ir.conformis.com.

Contact

Investor Contact:
Investor Relations
[email protected]
(781) 374-5598