Townsquare Media (TSQ) – Another Beat And Raise Quarter

Wednesday, November 03, 2021

Townsquare Media (TSQ)
Another Beat And Raise Quarter

Townsquare Media Inc is an entertainment and media company offering digital marketing solutions in the United States and Canada. It owns and operates radio stations, social media properties focusing the small and mid-cap companies. Services offered to the clients include live events, local advertising, digital advertising, e-commerce offerings, few others. The segments through which the company operates its businesses are classified into Local marketing solutions and Entertainment segments. Revenues are generated from commercials through broadcasts and sale of internet based advertisements.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Strong Q3. Total company revenues of $111.3 million beat our estimate of $107.8 million. The largest variance from our estimate was in its Local Marketing Solutions segment, driven by strong growth in its programmatic, Ignite business, and advertising on its own websites and apps, called Amped. Adj. EBITDA increased a strong 66.5% to $29.1 million, above our $27.5 million estimate. In addition, the company’s Townsquare Interactive segment increased revenues a strong 16.5%. Digital accounted for 47% of total company revenues in the quarter.

    Fast paced recovery.  The recent results were extraordinary given that the company has virtually recovered to pre-Covid levels. In the latest quarter, the company’s revenues were 99% of Q3 2019 levels. Notably, in the latest quarter, adj. EBITDA was 101% of Q3 2019 levels. For the full year, the company expects that adj. EBITDA will be as much as 103% of pre-Covid levels …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

QuickChek – November 3, 2021



Voyager Digital to Integrate Avalanche Staking, NFTs, and DeFi Applications

Voyager Digital announced it is integrating with Avalanche to include transfers and staking of AVAX into its brokerage platform

Research, News & Market Data on Voyager Digital

Watch recent presentation from Voyager Digital



Lineage Cell Therapeutics To Report Third Quarter 2021 Financial Results And Provide Business Update On November 10, 2021

Lineage Cell Therapeutics announced that it will report its third quarter 2021 financial and operating results on Wednesday, November 10, 2021

Research, News & Market Data on Lineage Cell Therapeutics

Watch recent presentation from Lineage Cell Therapeutics



Ocugen to Host Conference Call on Tuesday, November 9 at 8:30 a.m. ET to Discuss Third Quarter 2021 Financial Results and Provide Business Update

Ocugen announced that it will host a conference call to discuss its third quarter 2021 financial results and provide a business update

Research, News & Market Data on Ocugen

Watch recent presentation from Ocugen



Comstock Mining Announces Notice of Third Quarter 2021 Results Business Update Webcast Via Zoom

Comstock Mining announced it will host a conference call on Wednesday, November 10, 2021 to report Third Quarter results and provide a business update

Research, News & Market Data on Comstock Mining

Watch recent presentation from Comstock Mining



Sierra Metals Reports Q3-2021 Financial Results for Its Sociedad Minera Corona Subsidiary in Peru

Sierra Metals announced the filing of Sociedad Minera Corona S.A.’s unaudited Financial Statements and the Management Discussion and Analysis for the third quarter of 2021

Research, News & Market Data on Sierra Metals

Watch recent presentation from Sierra Metals



Federal Reserve issues FOMC statement

The Federal Reserve Bank says: “Risks to economic outlook remain” and they will reduce the pace of monthly net asset purchases by $10 billion. Keeping target Fed Funds target at 0-.25%.

 

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Comstock Mining Announces Notice of Third Quarter 2021 Results Business Update Webcast Via Zoom


Comstock Mining Announces Notice of Third Quarter 2021 Results Business Update Webcast Via Zoom

 

Virginia City, NV (November 2, 2021) Comstock Mining Inc. (the “Company”) (NYSE American: LODE), a leader in the sustainable extraction, valorization, and production of scarce natural resources, will host a conference call on Wednesday, November 10, 2021, at 8:00 a.m. Pacific Standard Time/11:00 a.m. Eastern Standard Time to report Third Quarter results and provide a business update. The Webcast will include a moderated Q&A, after the prepared remarks.  Please join the event 10 to 15 minutes prior to the scheduled start time. Please click the link below to register in advance for this Webcast:

When: Nov 10, 2021, 08:00 AM Pacific Standard Time (US and Canada)

Topic: Comstock Mining Third Quarter 2021 Results and Business Update

Please click this link to register in advance for this webcast:

After registering, you will receive a confirmation email containing information about joining the Webcast.

The recording of the Webcast will be available, within 48 hours of the call, on the Company website:

http://www.comstockmining.com/investors/investor-library

About Comstock Mining Inc.

Comstock Mining Inc. (NYSE: LODE) (the “Company”) is an emerging innovator and leader in the sustainable extraction, valorization, and production of scarce natural resources, with a focus on high value strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so.

Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales; investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, taxes, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: adverse effects of climate changes or natural disasters; adverse effects of global or regional pandemic disease spread or other crises; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, mercury remediation and lithium, nickel and cobalt recycling, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mercury remediation, metal recycling, processing or mining activities; costs, hazards and uncertainties associated with precious metal based activities, including environmentally friendly and economically enhancing clean mining and processing technologies, precious metal exploration, resource development, economic feasibility assessment and cash generating mineral production; costs, hazards and uncertainties associated with mercury remediation, metal recycling, processing or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; ability to achieve the benefits of business opportunities that may be presented to, or pursued by, us, including those involving battery technology, mercury remediation technology and efficacy, quantum computing and advanced materials development, and development of cellulosic technology in bio-fuels and related carbon-based material production; ability to successfully identify, finance, complete and integrate acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, lithium, nickel, cobalt, cyanide, water, diesel, gasoline and alternative fuels and electricity); changes in generally accepted accounting principles; adverse effects of war, mass shooting, terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to list our securities on any securities exchange or market or maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

 

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

 

Contact information:

Comstock Mining Inc.
P.O. Box 1118
Virginia City, NV 89440
ComstockMining.com
Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
degasperis@comstockmining.com
Zach Spencer
Director of External Relations
Tel (775) 847-5272 Ext.151
questions@comstockmining.com

Ocugen to Host Conference Call on Tuesday, November 9 at 8:30 a.m. ET to Discuss Third Quarter 2021 Financial Results and Provide Business Update


Ocugen to Host Conference Call on Tuesday, November 9 at 8:30 a.m. ET to Discuss Third Quarter 2021 Financial Results and Provide Business Update

 

MALVERN, Pa., Nov. 02, 2021 (GLOBE NEWSWIRE) — Ocugen, Inc. (NASDAQ: OCGN), a biopharmaceutical company focused on discovering, developing, and commercializing gene therapies to cure blindness diseases and developing a vaccine to save lives from COVID-19, today announced that it will host a conference call to discuss its third quarter 2021 financial results and provide a business update at 8:30 a.m. ET on Tuesday, November 9, 2021.

Ocugen will issue a pre-market earnings announcement on the same day. Investors are invited to participate on the call using the following details:

  • Dial-In Number: (844) 873-7330 (U.S.) or (602) 563-8473 (international)
  • Conference ID: 8198297
  • Webcast: Available in the “Investors” section of the Ocugen website and archived for approximately 45 days following the call

About Ocugen, Inc.
Ocugen, Inc. is a biopharmaceutical company focused on discovering, developing, and commercializing gene therapies to cure blindness diseases and developing a vaccine to save lives from COVID-19. Our breakthrough modifier gene therapy platform has the potential to treat multiple retinal diseases with one drug – “one to many” and our novel biologic product candidate aims to offer better therapy to patients with underserved diseases such as wet age-related macular degeneration, diabetic macular edema, and diabetic retinopathy. We are co-developing Bharat Biotech’s COVAXIN™ vaccine candidate for COVID-19 in the U.S. and Canadian markets. For more information, please visit www.ocugen.com.

Cautionary Note on Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. Such forward-looking statements within this press release include, without limitation, the intended use of net proceeds from the registered direct offering. We may, in some cases, use terms such as “predicts,” “believes,” “potential,” “proposed,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from our current expectations, such as market and other conditions. These and other risks and uncertainties are more fully described in our periodic filings with the Securities and Exchange Commission (the “SEC”), including the risk factors described in the section entitled “Risk Factors” in the quarterly and annual reports that we file with the SEC. Any forward-looking statements that we make in this press release speak only as of the date of this press release. Except as required by law, we assume no obligation to update forward-looking statements contained in this press release whether as a result of new information, future events or otherwise, after the date of this press release.

Ocugen Contact: 
Ken Inchausti
Head, Investor Relations & Communications
IR@Ocugen.com 

Please submit investor-related inquiries to: IR@ocugen.com

Lineage Cell Therapeutics To Report Third Quarter 2021 Financial Results And Provide Business Update On November 10, 2021


Lineage Cell Therapeutics To Report Third Quarter 2021 Financial Results And Provide Business Update On November 10, 2021

 

CARLSBAD, Calif.–(BUSINESS WIRE)–Nov. 3, 2021– 

Lineage Cell Therapeutics, Inc.
 (NYSE American and TASE: LCTX), a clinical-stage biotechnology company developing allogeneic cell therapies for unmet medical needs, today announced that it will report its third quarter 2021 financial and operating results on 
Wednesday, November 10, 2021, following the close of the 
U.S. financial markets. Lineage management will also host a conference call and webcast on 
Wednesday, November 10, 2021, at 
4:30 p.m. Eastern Time/
1:30 p.m. Pacific Time to discuss its third quarter 2021 financial and operating results and to provide a business update.

Interested parties may access the conference call by dialing (866) 888-8633 from the 
U.S. and 
Canada and (636) 812-6629 from elsewhere outside the 
U.S. and 
Canada and should request the “Lineage Cell Therapeutics Call”. A live webcast of the conference call will be available online in the Investors section of Lineage’s website. A replay of the webcast will be available on Lineage’s website for 30 days and a telephone replay will be available through 
November 18, 2021, by dialing (855) 859-2056 from the 
U.S. and 
Canada and (404) 537-3406 from elsewhere outside the 
U.S. and 
Canada and entering conference ID number 9352189.

About Lineage Cell Therapeutics, Inc.

Lineage Cell Therapeutics is a clinical-stage biotechnology company developing novel cell therapies for unmet medical needs. Lineage’s programs are based on its robust proprietary cell-based therapy platform and associated in-house development and manufacturing capabilities. With this platform Lineage develops and manufactures specialized, terminally differentiated human cells from its pluripotent and progenitor cell starting materials. These differentiated cells are developed to either replace or support cells that are dysfunctional or absent due to degenerative disease or traumatic injury or administered as a means of helping the body mount an effective immune response to cancer. Lineage’s clinical programs are in markets with billion dollar opportunities and include three allogeneic (“off-the-shelf”) product candidates: (i) OpRegen®, a retinal pigment epithelium transplant therapy in Phase 1/2a development for the treatment of dry age-related macular degeneration, a leading cause of blindness in the developed world; (ii) OPC1, an oligodendrocyte progenitor cell therapy in Phase 1/2a development for the treatment of acute spinal cord injuries; and (iii) VAC2, an allogeneic dendritic cell therapy produced from Lineage’s VAC technology platform for immuno-oncology and infectious disease, currently in Phase 1 clinical development for the treatment of non-small cell lung cancer. For more information, please visit www.lineagecell.com or follow the Company on Twitter @LineageCell.

Lineage Cell Therapeutics, Inc. IR
Ioana C. Hone
(ir@lineagecell.com)
(442) 287-8963

Solebury Trout IR
Mike Biega
(Mbiega@soleburytrout.com)
(617) 221-9660

Russo Partners – Media Relations
Nic Johnson or  David Schull
Nic.johnson@russopartnersllc.com
David.schull@russopartnersllc.com
(212) 845-4242

Source: 
Lineage Cell Therapeutics, Inc.

Voyager Digital to Integrate Avalanche Staking, NFTs, and DeFi Applications

 


Voyager Digital to Integrate Avalanche Staking, NFTs, and DeFi Applications

 

Voyager to enable AVAX token transfers and staking, increasing crypto utility and wealth-building choices for Voyager customers

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, is integrating with Avalanche to include transfers and staking of AVAX into its brokerage platform. The expansion also entails a cross-ecosystem development effort of the Voyager platform and select Avalanche-based DeFi and NFT applications.

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Ethereum developers can quickly and easily build on Avalanche to create powerful, reliable, and secure applications. Voyager’s initiative with Avalanche includes the development of Avalanche staking and transfer capabilities for Voyager customers. It will also give Voyager customers access to decentralized finance tools, NFTs, and decentralized applications in the Voyager ecosystem, developed on the Avalanche public blockchain (AVAX).

“By building out a wide range of new Avalanche capabilities on the Voyager platform, we are creating more wealth-building tools for our customers, including the ability to transfer and stake AVAX, Avalanche’s native token, to earn rewards,” said Steve Ehrlich, CEO and Co-founder of Voyager. “We’re also looking to increase DeFi and NFT functionalities on our platform through Avalanche’s high-performing technology, which instantly processes thousands of transactions within a second. We’re excited for this collaboration and can’t wait to roll out joint products on our platform.”

“We’re thrilled to be working with Voyager and its innovative team to expand products and services related to the Avalanche platform,” said John Nahas, Vice President of Business Development at Ava Labs. “By enabling individuals to earn rewards on staked AVAX, deposit and withdraw AVAX, and easily access Avalanche DeFi and NFT products on the Voyager app, Voyager is allowing its users to tap into the rapidly growing Avalanche DeFi ecosystem directly from its trusted platform.”


About Voyager Digital Ltd.
Voyager Digital Ltd. (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) is a fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 60 different crypto assets using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

The TSX has not approved or disapproved of the information contained herein.

SOURCE Voyager Digital, Ltd.


Press Contacts

Voyager Digital Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

The Fed is Clear that they Intend to Hold Rates Down


Image Credit: Federal Reserve (Flickr)

Tapering Begins, Low Rates Will Persist, Here’s Why

 

The much-anticipated Fed statement after its two-day November meeting was released just after 2 o’clock, and there were some surprises for some but it met expectations for most Fed watchers. Its policy stance is still quite dovish despite recent inflation numbers.  The statement, which summarizes the Fed’s intentions, laid out plans for reduced bond and mortgage purchases while at the same time mentioning the target for the overnight bank lending, Fed funds rate.

 

The Fed confirmed that it would begin tapering by reducing its monthly bond purchases. It has been supporting the interest rate market and adding money to the system through $120 billion in bond purchases each month. The purchases include U.S. Treasury debt and mortgage-backed securities. This monetary policy shift will begin this month. The Fed announced it would do this by reducing monthly purchases by $10 billion for bonds and $5 billion monthly for mortgage-backed securities. The statement includes language that says that although this is the plan they deem prudent, they may change it if conditions change. 

 

What economists listened for in the statement was the word “transitory” as it relates to inflation. Recent data shows inflation is running higher than we have seen in well over a decade and hasn’t shown any clear sign of declining or being short-lived. In their statement, Fed officials acknowledged that inflation may be above their 2% target longer than originally thought, but they attribute the recent price increases to “supply and demand imbalance related to the pandemic and reopening of the economy.”

 

Expectations that the Fed would have to move
early
and aggressively have risen recently, they had originally indicated that rates would remain near current levels until 2023 and purchases would continue into 2023. That the Fed is continuing to call inflation “transitory” suggests that the it will keep a steady hand and slowly undo the extraordinarily high level of accommodation in the banking system.

 

Take-Away

The Fed has begun taking steps to reduce the historically high levels of stimulus within the banking system and economy. They are moving slowly as it is recognized that the economy is still quite fragile. The wild card is still inflation, price increases have already been a little stickier than the Fed expected. Should this continue, the Fed could accelerate their plans, should the economy show weakness, they left open the possibility of adjusting their tapering pace.

 

Suggested Reading:



The High Points of Fed Chairman Powell’s Presentation are Worth Understanding



Founder of WallStreetBets has a New Idea for CopyCat Investors





Yield Curve Control, Stock Prices, and Trust (July 2020)



Federal Reserve Board Chairman Powell’s Resolve on Display (June 2020)

 

Sources:

https://www.federalreserve.gov/newsevents/pressreleases/monetary20211103a.htm

 

Stay up to date. Follow us:

 

Release – Voyager Digital to Integrate Avalanche Staking NFTs and DeFi Applications

 


Voyager Digital to Integrate Avalanche Staking, NFTs, and DeFi Applications

 

Voyager to enable AVAX token transfers and staking, increasing crypto utility and wealth-building choices for Voyager customers

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, is integrating with Avalanche to include transfers and staking of AVAX into its brokerage platform. The expansion also entails a cross-ecosystem development effort of the Voyager platform and select Avalanche-based DeFi and NFT applications.

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Ethereum developers can quickly and easily build on Avalanche to create powerful, reliable, and secure applications. Voyager’s initiative with Avalanche includes the development of Avalanche staking and transfer capabilities for Voyager customers. It will also give Voyager customers access to decentralized finance tools, NFTs, and decentralized applications in the Voyager ecosystem, developed on the Avalanche public blockchain (AVAX).

“By building out a wide range of new Avalanche capabilities on the Voyager platform, we are creating more wealth-building tools for our customers, including the ability to transfer and stake AVAX, Avalanche’s native token, to earn rewards,” said Steve Ehrlich, CEO and Co-founder of Voyager. “We’re also looking to increase DeFi and NFT functionalities on our platform through Avalanche’s high-performing technology, which instantly processes thousands of transactions within a second. We’re excited for this collaboration and can’t wait to roll out joint products on our platform.”

“We’re thrilled to be working with Voyager and its innovative team to expand products and services related to the Avalanche platform,” said John Nahas, Vice President of Business Development at Ava Labs. “By enabling individuals to earn rewards on staked AVAX, deposit and withdraw AVAX, and easily access Avalanche DeFi and NFT products on the Voyager app, Voyager is allowing its users to tap into the rapidly growing Avalanche DeFi ecosystem directly from its trusted platform.”


About Voyager Digital Ltd.
Voyager Digital Ltd. (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) is a fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 60 different crypto assets using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

The TSX has not approved or disapproved of the information contained herein.

SOURCE Voyager Digital, Ltd.


Press Contacts

Voyager Digital Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

Release – Lineage Cell Therapeutics To Report Third Quarter 2021 Financial Results And Provide Business Update On November 10 2021


Lineage Cell Therapeutics To Report Third Quarter 2021 Financial Results And Provide Business Update On November 10, 2021

 

CARLSBAD, Calif.–(BUSINESS WIRE)–Nov. 3, 2021– 

Lineage Cell Therapeutics, Inc.
 (NYSE American and TASE: LCTX), a clinical-stage biotechnology company developing allogeneic cell therapies for unmet medical needs, today announced that it will report its third quarter 2021 financial and operating results on 
Wednesday, November 10, 2021, following the close of the 
U.S. financial markets. Lineage management will also host a conference call and webcast on 
Wednesday, November 10, 2021, at 
4:30 p.m. Eastern Time/
1:30 p.m. Pacific Time to discuss its third quarter 2021 financial and operating results and to provide a business update.

Interested parties may access the conference call by dialing (866) 888-8633 from the 
U.S. and 
Canada and (636) 812-6629 from elsewhere outside the 
U.S. and 
Canada and should request the “Lineage Cell Therapeutics Call”. A live webcast of the conference call will be available online in the Investors section of Lineage’s website. A replay of the webcast will be available on Lineage’s website for 30 days and a telephone replay will be available through 
November 18, 2021, by dialing (855) 859-2056 from the 
U.S. and 
Canada and (404) 537-3406 from elsewhere outside the 
U.S. and 
Canada and entering conference ID number 9352189.

About Lineage Cell Therapeutics, Inc.

Lineage Cell Therapeutics is a clinical-stage biotechnology company developing novel cell therapies for unmet medical needs. Lineage’s programs are based on its robust proprietary cell-based therapy platform and associated in-house development and manufacturing capabilities. With this platform Lineage develops and manufactures specialized, terminally differentiated human cells from its pluripotent and progenitor cell starting materials. These differentiated cells are developed to either replace or support cells that are dysfunctional or absent due to degenerative disease or traumatic injury or administered as a means of helping the body mount an effective immune response to cancer. Lineage’s clinical programs are in markets with billion dollar opportunities and include three allogeneic (“off-the-shelf”) product candidates: (i) OpRegen®, a retinal pigment epithelium transplant therapy in Phase 1/2a development for the treatment of dry age-related macular degeneration, a leading cause of blindness in the developed world; (ii) OPC1, an oligodendrocyte progenitor cell therapy in Phase 1/2a development for the treatment of acute spinal cord injuries; and (iii) VAC2, an allogeneic dendritic cell therapy produced from Lineage’s VAC technology platform for immuno-oncology and infectious disease, currently in Phase 1 clinical development for the treatment of non-small cell lung cancer. For more information, please visit www.lineagecell.com or follow the Company on Twitter @LineageCell.

Lineage Cell Therapeutics, Inc. IR
Ioana C. Hone
(ir@lineagecell.com)
(442) 287-8963

Solebury Trout IR
Mike Biega
(Mbiega@soleburytrout.com)
(617) 221-9660

Russo Partners – Media Relations
Nic Johnson or  David Schull
Nic.johnson@russopartnersllc.com
David.schull@russopartnersllc.com
(212) 845-4242

Source: 
Lineage Cell Therapeutics, Inc.

Release – Ocugen to Host Conference Call on Tuesday November 9


Ocugen to Host Conference Call on Tuesday, November 9 at 8:30 a.m. ET to Discuss Third Quarter 2021 Financial Results and Provide Business Update

 

MALVERN, Pa., Nov. 02, 2021 (GLOBE NEWSWIRE) — Ocugen, Inc. (NASDAQ: OCGN), a biopharmaceutical company focused on discovering, developing, and commercializing gene therapies to cure blindness diseases and developing a vaccine to save lives from COVID-19, today announced that it will host a conference call to discuss its third quarter 2021 financial results and provide a business update at 8:30 a.m. ET on Tuesday, November 9, 2021.

Ocugen will issue a pre-market earnings announcement on the same day. Investors are invited to participate on the call using the following details:

  • Dial-In Number: (844) 873-7330 (U.S.) or (602) 563-8473 (international)
  • Conference ID: 8198297
  • Webcast: Available in the “Investors” section of the Ocugen website and archived for approximately 45 days following the call

About Ocugen, Inc.
Ocugen, Inc. is a biopharmaceutical company focused on discovering, developing, and commercializing gene therapies to cure blindness diseases and developing a vaccine to save lives from COVID-19. Our breakthrough modifier gene therapy platform has the potential to treat multiple retinal diseases with one drug – “one to many” and our novel biologic product candidate aims to offer better therapy to patients with underserved diseases such as wet age-related macular degeneration, diabetic macular edema, and diabetic retinopathy. We are co-developing Bharat Biotech’s COVAXIN™ vaccine candidate for COVID-19 in the U.S. and Canadian markets. For more information, please visit www.ocugen.com.

Cautionary Note on Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. Such forward-looking statements within this press release include, without limitation, the intended use of net proceeds from the registered direct offering. We may, in some cases, use terms such as “predicts,” “believes,” “potential,” “proposed,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from our current expectations, such as market and other conditions. These and other risks and uncertainties are more fully described in our periodic filings with the Securities and Exchange Commission (the “SEC”), including the risk factors described in the section entitled “Risk Factors” in the quarterly and annual reports that we file with the SEC. Any forward-looking statements that we make in this press release speak only as of the date of this press release. Except as required by law, we assume no obligation to update forward-looking statements contained in this press release whether as a result of new information, future events or otherwise, after the date of this press release.

Ocugen Contact: 
Ken Inchausti
Head, Investor Relations & Communications
IR@Ocugen.com 

Please submit investor-related inquiries to: IR@ocugen.com

Release – Comstock Mining Announces Notice of Third Quarter 2021 Results Business Update Webcast Via Zoom


Comstock Mining Announces Notice of Third Quarter 2021 Results Business Update Webcast Via Zoom

 

Virginia City, NV (November 2, 2021) Comstock Mining Inc. (the “Company”) (NYSE American: LODE), a leader in the sustainable extraction, valorization, and production of scarce natural resources, will host a conference call on Wednesday, November 10, 2021, at 8:00 a.m. Pacific Standard Time/11:00 a.m. Eastern Standard Time to report Third Quarter results and provide a business update. The Webcast will include a moderated Q&A, after the prepared remarks.  Please join the event 10 to 15 minutes prior to the scheduled start time. Please click the link below to register in advance for this Webcast:

When: Nov 10, 2021, 08:00 AM Pacific Standard Time (US and Canada)

Topic: Comstock Mining Third Quarter 2021 Results and Business Update

Please click this link to register in advance for this webcast:

After registering, you will receive a confirmation email containing information about joining the Webcast.

The recording of the Webcast will be available, within 48 hours of the call, on the Company website:

http://www.comstockmining.com/investors/investor-library

About Comstock Mining Inc.

Comstock Mining Inc. (NYSE: LODE) (the “Company”) is an emerging innovator and leader in the sustainable extraction, valorization, and production of scarce natural resources, with a focus on high value strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so.

Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales; investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, taxes, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: adverse effects of climate changes or natural disasters; adverse effects of global or regional pandemic disease spread or other crises; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, mercury remediation and lithium, nickel and cobalt recycling, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mercury remediation, metal recycling, processing or mining activities; costs, hazards and uncertainties associated with precious metal based activities, including environmentally friendly and economically enhancing clean mining and processing technologies, precious metal exploration, resource development, economic feasibility assessment and cash generating mineral production; costs, hazards and uncertainties associated with mercury remediation, metal recycling, processing or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; ability to achieve the benefits of business opportunities that may be presented to, or pursued by, us, including those involving battery technology, mercury remediation technology and efficacy, quantum computing and advanced materials development, and development of cellulosic technology in bio-fuels and related carbon-based material production; ability to successfully identify, finance, complete and integrate acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, lithium, nickel, cobalt, cyanide, water, diesel, gasoline and alternative fuels and electricity); changes in generally accepted accounting principles; adverse effects of war, mass shooting, terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to list our securities on any securities exchange or market or maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

 

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

 

Contact information:

Comstock Mining Inc.
P.O. Box 1118
Virginia City, NV 89440
ComstockMining.com
Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
degasperis@comstockmining.com
Zach Spencer
Director of External Relations
Tel (775) 847-5272 Ext.151
questions@comstockmining.com

Release – Sierra Metals Reports Q3-2021 Financial Results for Its Sociedad Minera Corona Subsidiary in Peru


Sierra Metals Reports Q3-2021 Financial Results for Its Sociedad Minera Corona Subsidiary in Peru

 

 

Sierra Metals’ Consolidated Financials to Be Reported on November 8, 2021

TORONTO–(BUSINESS WIRE)–Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) announces the filing of Sociedad Minera Corona S.A.’s (“Corona”) unaudited Financial Statements and the Management Discussion and Analysis (“MD&A”) for the third quarter of 2021 (“Q3 2021”).

The Company holds an 81.8% interest in Corona. All amounts are presented in US dollars unless otherwise stated, and have not been adjusted for the 18.2% non-controlling interest.

Corona’s Highlights for the Three Months Ended September 30, 2021

  • Revenues of $44.4 million vs. $44.6 million in Q3 2020
  • Adjusted EBITDA of $22.7 million vs. $26.2 million in Q3 2020
  • Total tonnes processed of 324,196 vs. 318,155 in Q3 2020
  • Net production revenue per tonne of ore milled decreased to $139.94 from $147.59 in Q3 2020
  • Copper equivalent pounds production decreased 30% to 15.6 million pounds.
    • Cash cost per copper equivalent payable pound increased to $1.37. All in sustaining cost (“AISC”) per copper equivalent payable pound increased to $2.83
  • $44.1 million of cash and cash equivalents as at September 30, 2021
  • $69.8 million of working capital as at September 30, 2021

The Yauricocha mine processed 324,196 tonnes during the third quarter of 2021, representing a 2% increase over the third quarter of 2020, despite continuing to face various operational challenges related to COVID-19. During the third quarter of 2021, the treatment capacity in the concentrator plant was increased. The negative variances in the copper sulfide head grades were mainly due to the delay in the contribution of the Esperanza zone due to ground conditions, which have since been corrected. The negative variances in the head grades from the polymetallic zones are due to the regulatory limitations to access mineral below the 1120 level. Metal production in the third quarter of 2021 was 25%, 23%, 14% and 13% lower for lead, zinc, copper, and silver, respectively, while gold production was 9% higher compared to the third quarter of 2020.

Luis Marchese, CEO of Sierra Metals, commented, “The third quarter was difficult for the Company as we faced difficult challenges because of sequencing issues due to the COVID-19 limitations carrying over from 2020 and continuing into this year. Improved metal prices, lower treatment and refining charges, and a favourable exchange rate have helped offset increased costs while maintaining the revenue levels recorded in the same quarter last year. We continue to see improvements in revenue, cashflow and EBITDA on a 9-month basis over 2020 and expect this to continue going forward.”

He continued, “Looking ahead to the fourth quarter and next year, we continue to work on the completion of a Preliminary Feasibility Study to support the planned expansion to 5,500 tonnes per day, which is expected to be released by Q2 2022. Additionally, we are also progressing on exploration plans of the near-mine opportunities at Kilcasca and Tucumachay having recently received drilling permits for these areas.”

He concluded, “Minera Corona and the Yauricocha Mine continues to have a strong balance sheet to support the Company’s capital expenditures and growth initiatives, and we continue to work to improve operations and production and the per share value for all shareholders.”

The following table displays selected unaudited financial information for the three months and nine months (“9M 2021”) ended September 30, 2021:

(In thousands of US dollars, except cash cost and revenue   Three Months Ended   Nine Months Ended  
 per tonne metrics)   September 30, 2021 September 30, 2020

Var %

September 30, 2021 September 30, 2020

Var %

   

 

   

 

Revenue  $ 

                     44,353

                     44,580

-1%

                   137,108

                   101,703

35%

Adjusted EBITDA (1)

                     22,685

                     26,227

-14%

                     68,896

                     43,810

57%

Cash Flow from operations

                     22,102

                     24,245

-9%

                     64,218

                     41,564

55%

Gross profit

                     21,460

                     23,511

-9%

                     63,383

                     41,041

54%

Income Tax Expense

                     (8,860)

                     (7,467)

19%

                   (24,813)

                   (15,176)

64%

Net Income  

                       7,759

                     12,755

-39%

                     25,488

                     16,664

53%

   

 

   

 

Net production revenue per tonne of ore milled (2)

                  139.94

                  147.59

-5%

                  139.89

                  126.88

10%

Cash cost per tonne of ore milled (2)

                    60.18

                    50.09

20%

                    60.66

                    55.75

9%

   

                         –  

 

 

 

Cash cost per copper equivalent payable pound (2)

                      1.37

                      0.82

67%

                      1.42

                      0.97

46%

All-In Sustaining Cost per copper equivalent payable pound (2)

                      2.83

                      1.93

47%

                      2.69

                      2.00

34%

Cash cost per zinc equivalent payable pound (2)

                      0.44

                      0.30

47%

                      0.45

                      0.36

26%

All-In Sustaining Cost per zinc equivalent payable pound (2)  $ 

                      0.91

                      0.70

30%

                      0.84

                      0.73

15%

             
(In thousands of US dollars, unless otherwise stated)   September 30, 2021 December 31, 2020
   
Cash and cash equivalents  $ 

                     44,086

                     65,027

Assets

                   239,667

                   235,263

Liabilities

                     67,389

                     53,473

Equity

                   172,278

                   181,790

       

1 Adjusted EBITDA includes adjustments for depletion and depreciation, interest expense and other financing costs, interest income, share-based compensation, foreign exchange (gain) loss and income taxes; see non-IFRS Performance Measures section of the Company’s MD&A.

2 All-In Sustaining Cost per copper/zinc equivalent pound sold are non-IFRS performance measures and include the cost of sales, treatment and refining charges, sustaining capital expenditures, general and administrative expense, and selling expense, and exclude workers’ profit sharing, depreciation, and other non-cash provisions; Cash cost per copper/zinc equivalent pound sold, net production revenue per tonne of ore milled, and cash cost per tonne of ore milled are non-IFRS performance measures; see non-IFRS Performance Measures section of the Company’s MD&A.

Corona’s Financial Highlights for the Three and Nine Months Ended September 30, 2021

  • Sales revenue of $44.4 million for the third quarter of 2021 compared to $44.6 million for the same period in 2020. Sales revenue of $137.1 million for the nine-month period ended September 30, 2021, compared to $101.7 million for the same period in 2020. Sales for the nine-month period have increased due to the reduction of the treatment and refining costs and the steady rise in metal prices during the year.
  • Adjusted EBITDA of US$22.7 million for the third quarter of 2021 compared to adjusted EBITDA of US$26.2 million for the same period of 2020. Adjusted EBITDA of US$68.9 million for the nine (9) month period ended September 30, 2021, compared to US$43.8 million for the same period in 2020. Adjusted EBITDA for the nine-months ended September 30, 2021 compared to the same period in 2020 was higher due primarily to the Company’s higher revenues; and the decrease during the third quarter of 2021 compared to 2020 was due to lower metal sales.
  • Operating cash flow before working capital movements of $22.1 million for the third quarter of 2021 compared to $24.2 million for the same period in 2020. Operating cash flow before working capital movements of US$64.2 million for the nine-month period ended September 30, 2021, compared to US$41.6 million for the same period in 2020. The variances in the operating cash flow before movements in working capital for Q3 2021 and for the 9M 2021 compared to the same periods in 2020 resulted from the level of revenue during the respective periods.
  • Total taxes of $8.9 million for the third quarter of 2021 compared to $7.5 million for the same period in 2020. Total taxes of US$24.8 million for the nine (9) month period ended September 30, 2020, compared to US$15.2 million for the same period in 2020. Total taxes have increased in the first nine months of 2021 compared to the same period in 2020 primarily due to higher revenue earned by the Company.
  • Net income of $7.8 million or $0.216 per share for the third quarter of 2021 compared to net income of $12.8 million or $0.355 per share for the same quarter of 2020. Net income of $25.5 million or $0.708 per share for the nine months ended September 30, 2021, compared to net income of $16.7 million or $0.463 per share for the same period in 2020.
  • Cash and cash equivalents of $44.1 million as of September 30, 2021, compared to $65.0 million as of December 31, 2020. Cash and cash equivalents declined during the nine-month period as the $25.9 million of investment activities and $39.0 million used in financing activities (mainly related to dividend payments) exceeded the $44 million generated from operating activities (after working capital adjustments) during the nine-month period.

Corona’s Operational Highlights for the Three and Nine Months Ended September 30, 2021

Yauricocha Production Three Months Ended September 30, Nine Months Ended September 30,

2021

2020

% Var.

2021

2020

% Var.

 

 

Tonnes processed

324,196

318,155

2%

979,316

805,914

22%

Daily throughput

3,705

3,636

2%

3,731

3,070

22%

 

 

 

 

Silver grade (g/t)

56.84

61.32

-7%

56.04

64.19

-13%

Copper grade

0.87%

1.01%

-14%

0.71%

1.11%

-36%

Lead grade

1.14%

1.52%

-25%

1.23%

1.56%

-21%

Zinc grade

3.06%

4.00%

-24%

3.35%

3.84%

-13%

Gold Grade (g/t)

0.51

0.55

-7%

0.46

0.61

-25%

 

 

Silver recovery

76.11%

82.93%

-8%

79.70%

82.56%

-3%

Copper recovery

74.61%

76.20%

-2%

69.84%

76.19%

-8%

Lead recovery

87.33%

89.53%

-2%

90.15%

88.58%

2%

Zinc recovery

87.39%

88.63%

-1%

89.82%

88.32%

2%

Gold Recovery

21.96%

19.19%

14%

20.91%

19.19%

9%

 

 

 

 

Silver production (000 oz)

451

520

-13%

1,385

1,373

1%

Copper production (000 lb)

4,641

5,419

-14%

11,020

14,967

-26%

Lead production (000 lb)

7,146

9,550

-25%

23,683

24,564

-4%

Zinc production (000 lb)

19,112

24,869

-23%

64,368

60,256

7%

Gold Production (oz)

1,169

1,076

9%

3,102

3,180

-2%

 

 

 

 

Copper equivalent pounds (000’s)(1)

15,596

22,245

-30%

46,775

56,809

-18%

 
(1) Silver equivalent ounces and copper and zinc equivalent pounds for Q3 2021 were calculated using the following realized prices: $24.20/oz Ag, $4.25/lb Cu, $1.36/lb Zn, $1.07/lb Pb, $1,790/oz Au. Silver equivalent ounces and copper and zinc equivalent pounds for Q3 2020 were calculated using the following realized prices: $24.89/oz Ag, $2.97/lb Cu, $1.08/lb Zn, $0.85/lb Pb, $1,916/oz Au. Silver equivalent ounces and copper and zinc equivalent pounds for 9M 2021 were calculated using the following realized prices: $25.81/oz Ag, $4.17/lb Cu, $1.31/lb Zn, $0.99/lb Pb, $1,796/oz Au. Silver equivalent ounces and copper and zinc equivalent pounds for 9M 2020 were calculated using the following realized prices: $19.35/oz Ag, $2.63/lb Cu, $0.97/lb Zn, $0.80/lb Pb, $1,742/oz Au.

Quality Control

The contents of this press release have been reviewed by Américo Zuzunaga, FAusIMM CP (Mining Engineer) and Vice President of Corporate Planning, who is a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Sierra Metals

Sierra Metals Inc. is a diversified Canadian mining company with Green Metal exposure including increasing copper production and base metal production with precious metals byproduct credits, focused on the production and development of it’s Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

The Company’s Common Shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

For further information regarding Sierra Metals, please visit www.sierrametals.com.

Continue to Follow, Like and Watch our progress:

Webwww.sierrametals.com | Twittersierrametals | FacebookSierraMetalsInc | LinkedInSierra Metals Inc

Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian and U.S. securities laws (collectively, “forward-looking information“). Forward-looking information includes, but is not limited to, statements with respect to the date of the 2020 Shareholders’ Meeting and the anticipated filing of the Compensation Disclosure. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential” or variations thereof, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information.

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading “Risk Factors” in the Company’s annual information form dated March 18, 2021 for its fiscal year ended December 31, 2020 and other risks identified in the Company’s filings with Canadian securities regulators and the United States Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.

The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company’s forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company’s statements containing forward-looking information are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management’s beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.

 

Contacts

Mike McAllister
VP, Investor Relations
Sierra Metals Inc.
+1 (416) 366-7777
info@sierrametals.com

Ed Guimaraes
CFO
Sierra Metals Inc.
+1 (416) 366-7777

Luis Marchese
CEO
Sierra Metals Inc.
+1 (416) 366-7777

Great Lakes Dredge Dock (GLDD) – Weather and COVID-19 Hit Quarter But Strong Finish to Year

Wednesday, November 03, 2021

Great Lakes Dredge & Dock (GLDD)
Weather and COVID-19 Hit Quarter, But Strong Finish to Year

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The company only’s operating segments is Dredging. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Its projects portfolio includes Coastal Restoration, Coastal Protection, Port expansion, and others.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    3Q2021 Results hit by stormy weather and COVID-19. Revenue was flattish with higher US Capital more than offsetting lower Coastal Protection. Maintenance and Rivers and Lakes were flat, while international remains dormant. Revenue hit from weather disruptions included an unexpected dry dock and COVID-19 cost drag was $2.1 million, but gross margin of $36.3 million and gross margin of 21.5% were positives. Same with EBITDA of $32.2 million and EBITDA margin of 19.1%.

    4Q2021 Guidance sets tone for strong finish to year.  Revenue should jump into the $225-$235 million range with gross margin close to 3Q2021, implying gross profit in the $48 million range. COVID-19 cost drag is moderating and our EBITDA estimate is $42 million, or EBITDA margin of 18.8%. Looks like the strongest quarter in almost two years, and full year EBITDA estimate is $121.6 million based on …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.