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CE Brands reports lower 2024 revenue, due to termination of Kodak license agreement Earnings reports 

CE Brands reports lower 2024 revenue, due to termination of Kodak license agreement

GaryPageau
Canadian consumer-electronics distributor CE Brands Inc. reported lower annual 2024 sales for the year ending March 31, citing a significant drop due to the termination of their Kodak license agreement and lower B2C sales. The company did, however, register an improvement in gross profit and a substantial reduction in net loss. Revenue decreased by $840,000, reflecting a 62% drop in... Read More
Xerox reports second quarter revenue down 10 percent but income up Earnings reports News 

Xerox reports second quarter revenue down 10 percent but income up

GaryPageau
Xerox Corp. reported second-quarter revenue of $1.58 billion, down 10 percent, and GAAP net income of $18 million, up $79 million from the same period last year. “The comprehensive and strategic operating model changes implemented in Q1 caused a short period of disruption but are delivering the intended improvements in financial results. Adjusted operating income margin, free cash flow and... Read More
Perfect Corp. revenues up on AI- and AR-cloud solution growth Earnings reports 

Perfect Corp. revenues up on AI- and AR-cloud solution growth

GaryPageau
AR/AI software company for the beauty and fashion industries Perfect Corp. announced total revenue was $13.9 million for the three months ended June 30, 2024, compared to $12.7 million in the same period of 2023, an increase of 9.6%. The increase was primarily due to growth momentum in the revenue of AI- and AR-cloud solutions and mobile app subscriptions, the company... Read More
ME Group reports interim six month results; sales up 6% Earnings reports 

ME Group reports interim six month results; sales up 6%

GaryPageau
ME Group International plc, the instant-service equipment group formerly known as Photo Me International,  announces its results for the six months ended 30 April 2024. The company reported revenue up 4.6% to £150.4 million, EBITDA1 up 11.1% to £51.2 million, and profit before tax up 10.3% to £30.0 million, driven by growth in core laundry and photobooth operations, despite foreign... Read More
Moonpig reports 6% revenue growth Earnings reports News 

Moonpig reports 6% revenue growth

GaryPageau , ,
Moonpig Group plc announced all-around improved results for the fiscal year ended April 30, 2024. The company said it delivered revenue growth of 6.6% to £341.1 million driven by strong performance at the Moonpig brand. In its report, the company said organic revenue growth accelerated through the year, underpinned by the Moonpig brand, which grew revenue by 8.2% through growth... Read More
S&P upgrades Shutterfly credit rating from negative to developing Earnings reports News 

S&P upgrades Shutterfly credit rating from negative to developing

GaryPageau , , , ,
S&P Global Ratings today upgraded the credit rating for Photo Holdings LLC (Shutterfly LLC) from negative to developing, based on the improving fortunes of North America’s largest personalized photo printing company. The company outperformed Shutterfly’s 2023 expectations by improving cash flow to $82 million, compared to a $31 million deficit the year before. In a press release, S&P stated: As... Read More
Adobe reports record second-quarter revenue Earnings reports News 

Adobe reports record second-quarter revenue

GaryPageau
Adobe reported financial results for its second quarter fiscal year 2024 ended May 31, 2024. “Adobe achieved record revenue of $5.31 billion driven by strong growth across Creative Cloud, Document Cloud and Experience Cloud,” said Shantanu Narayen, chair and CEO, Adobe. “Our highly differentiated approach to AI and innovative product delivery are attracting an expanding universe of customers and providing... Read More
ME Group on track for record perfomance; photo booths up 2.4% Earnings reports News 

ME Group on track for record perfomance; photo booths up 2.4%

GaryPageau ,
ME Group International plc, the instant-service equipment group, announced an update on the group’s trading for the six months ended 30 April 2024. Positive trading momentum continued throughout H1 2024 compared with the six months ended 30 April 2023, with group revenue up 4.6% (up 8.6% excluding foreign exchange impact) and profit before tax up 10.3% (up 13.6%, excluding foreign... Read More
Best Buy reports first-quarter revenues down 6% Earnings reports News 

Best Buy reports first-quarter revenues down 6%

GaryPageau
Best Buy Co., Inc announced results for the 13-week first quarter ended May 4, 2024, as compared to the 13-week first quarter ended April 29, 2023. Domestic revenue of $8.20 billion decreased 6.8% versus last year primarily driven by a comparable sales decline of 6.3%. From a merchandising perspective, the largest drivers of the comparable sales decline on a weighted... Read More
Kodak reports level earnings on 10 percent sales decline in first quarter Earnings reports 

Kodak reports level earnings on 10 percent sales decline in first quarter

GaryPageau ,
Eastman Kodak Co., reported first-quarter consolidated revenues of $249 million, compared with $278 million for Q1 2023, a decrease of $29 million or 10 percent. The company reported gross profit of $49 million, compared with $50 million for Q1 2023, a decrease of $1 million or 2 percent, and  GAAP net income of $32 million, compared with net income of... Read More
Fujifilm reports 3.6% increase in annual revenues Earnings reports News 

Fujifilm reports 3.6% increase in annual revenues

GaryPageau
FUJIFILM Holdings Corp., announced, in the fiscal year ended March 31, 2024, revenue increased by 3.6% year-over-year to JPY2,960.9 billion, mainly due to strong sales in the Medical Systems and Imaging businesses and the impact of exchange rates. Thanks to revenue growth and the impact of exchange rates, operating income amounted to JPY276.7 billion, an increase of 1.3% year-over-year. Net... Read More
Kornit Digital reports first quarter 2024 results Earnings reports News 

Kornit Digital reports first quarter 2024 results

GaryPageau
Textile printing equipment maker Kornit Digital Ltd.a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies, reported today its results for the first quarter ended March 31, 2024. “Despite enduring macroeconomic challenges, we saw success with the strategic initiatives we implemented in Q4 and early this quarter.” said Ronen Samuel, Kornit’s Chief Executive Officer. “Our pipeline for... Read More