2 months ago
Over 5,000 Subscribers Added to IoT Solutions
Debt Pay Down of $15M Results in Net Cash Positive Position
MINNEAPOLIS–(BUSINESS WIRE)–Digi International
® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things (“IoT”) products, services and solutions, today announced its financial results for its first fiscal quarter ended December 31, 2020.
First Fiscal Quarter 2021 Results Compared to First Fiscal Quarter 2020 Results
Revenue increased to $73.1 million compared to $62.3 million, an increase of $10.8 million, or 17.4%.
Net loss per diluted share decreased to ($0.01) compared to net income per diluted share of $0.01. Net loss for the first quarter of fiscal 2021 includes an earn-out adjustment of $5.8 million, or $0.19 per fully diluted common share.
ALTERNATIVE PERFORMANCE (NON-GAAP) MEASURES
This announcement includes certain measures that are not defined by generally accepted accounting principles (GAAP) such as IFRS, including Adjusted Earnings, CFFO excluding working capital movements, Cash capital expenditure, Organic free cash flow, Return on average capital employed, Underlying operating expenses, Gearing and Net debt. This information, along with comparable GAAP measures, is useful to investors because it provides a basis for measuring Royal Dutch Shell plc’s operating performance and ability to retire debt and invest in new business opportunities. Royal Dutch Shell plc’s management uses these financial measures, along with the most directly comparable GAAP financial measures, in evaluating the business performance.
The Hague, February 4, 2021
“2020 was an extraordinary year. We have taken tough but decisive actions and demonstrated highly resilient operational delivery while caring for our people, customers and communities. We are coming out of 2020 with a stronger balance sheet, ready to accelerate our strategy and make the future of energy. We are committed to our progressive dividend policy and expect to grow our US dollar dividend per share by around 4% as of the first quarter 2021.” Royal Dutch Shell Chief Executive Officer, Ben van Beurden
STRONG OPERATIONAL DELIVERY IN AN EXTRAORDINARY YEAR
Resilient financial results, with sector-leading cash generation. Net debt reduced by $4 billion to $75 billion during 2020.
Published: Feb 04, 2021
Loughborough, England, Feb. 04, 2021 (GLOBE NEWSWIRE) Nemaura Medical Medical, Inc. (Nasdaq: NMRD) (“Nemaura” or the “Company”), a medical technology company focused on developing and commercializing non-invasive wearable diagnostic devices and supporting personalized lifestyle coaching programs, today announces the appointment of Thomas Mortensen as head of E.U. commercial operations and marketing.
“Tom is an important addition to our team, as he will head up our operations in the E.U for our planned direct to consumer product. His extensive experience throughout Europe will help us determine the best way to position our products for country-specific audiences, and we look forward to his leadership and guidance as we ramp up our marketing activities,” said Faz Chowdhury, Ph.D., Nemaura’s CEO.
CNOOC Limited Announces its 2021 Business Strategy and Development Plan
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HONG KONG, Feb. 4, 2021 /PRNewswire/ CNOOC Limited (the Company , SEHK: 00883,NYSE: CEO, TSX: CNU) today announced its business strategy and development plan for the year 2021.
In the extremely challenging year of 2020, under the leadership of the Board of Directors, the Company s management, together with all staff, overcame the huge impact from low oil price and the pandemic of COVID-19. During the period, while strictly implementing pandemic prevention and control measures, the Company invested great efforts in growing its oil and gas reserves and production, further reduced costs and enhanced efficiency, promoted reform and innovation, and ensured the safety in production. Thanks to all these measures, the Company s net production hit a record high of approximately 528 million barrels of oil equivalent (BOE) in 2020.