Market Newsdesk

FREEMONT, Calif., Nov. 12, 2020 (GLOBE NEWSWIRE) — Aehr Test Systems (NASDAQ: AEHR), a worldwide supplier of semiconductor test and reliability qualification equipment, today announced that it will participate at the Craig-Hallum 11^th Annual Alpha Select Virtual Conference on Tuesday, November 17, 2020. Aehr Test President and CEO Gayn Erickson and CFO Ken Spink will be hosting virtual meetings with investors throughout the day.

“We look forward to discussing our semiconductor wafer level and singulated die test and burn-in solutions and the markets they serve with investors,” said Mr. Erickson. “Aehr Test provides complete production solutions for improving yield and reliability of semiconductors, and devices such as silicon carbide semiconductors used in electric and hybrid electric vehicles, silicon photonics devices used in data centers and 5G infrastructure, and 2D/3D and other sensors used in mobile and wearable applications, which are expected to be significant revenue drivers for our products this fiscal year and next.”

For additional information, or to schedule a virtual meeting with Aehr management, please contact your Craig-Hallum representative, or Aehr’s investor relations firm, MKR Investor Relations, at [email protected].

About Aehr Test Systems

Headquartered in Fremont, California, Aehr Test Systems is a worldwide provider of test systems for burning-in and testing logic, optical and memory integrated circuits and has installed over 2,500 systems worldwide. Increased quality and reliability needs of the Automotive and Mobility integrated circuit markets are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr Test products in package, wafer level, and singulated die/module level test. Aehr Test has developed and introduced several innovative products, including the ABTS^TM and FOX-P^TM families of test and burn-in systems and FOX WaferPak^TM Aligner, FOX-XP WaferPak Contactor, FOX DiePak^® Carrier and FOX DiePak Loader. The ABTS system is used in production and qualification testing of packaged parts for both lower power and higher power logic devices as well as all common types of memory devices. The FOX-XP and FOX-NP systems are full wafer contact and singulated die/module test and burn-in systems used for burn-in and functional test of complex devices, such as leading-edge memories, digital signal processors, microprocessors, microcontrollers, systems-on-a-chip, and integrated optical devices. The FOX-CP system is a new low-cost single-wafer compact test and reliability verification solution for logic, memory and photonic devices and the newest addition to the FOX-P product family. The WaferPak contactor contains a unique full wafer probe card capable of testing wafers up to 300mm that enables IC manufacturers to perform test and burn-in of full wafers on Aehr Test FOX systems. The DiePak Carrier is a reusable, temporary package that enables IC manufacturers to perform cost-effective final test and burn-in of both bare die and modules. For more information, please visit Aehr Test Systems’ website at www.aehr.com.

Contacts:
Aehr Test Systems	MKR Investor Relations Inc.
Ken Spink	Todd Kehrli or Jim Byers
Chief Financial Officer	Analyst/Investor Contact
(510) 623-9400 x309	(323) 468-2300
	[email protected]

New York, Nov. 12, 2020 (GLOBE NEWSWIRE) — LiquidityBook, a leading Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, today announced the launch of a new Consolidated Audit Trail (CAT) reporting solution. CAT reporting has always been among the sell-side reporting functionalities available to LiquidityBook’s OMS customers, but demand from non-OMS clients prompted the firm to develop a solution on a standalone basis for those who using either a competing OMS or no OMS at all.

The new functionality will help broker-dealers – including Outsourced Trading firms using LiquidityBook’s LBX Outsourced Trader platform – navigate the transition from Order Audit Trail System (OATS) reporting to CAT reporting. The phased rollout of the new reporting regime began earlier this year, and Phase 2a – in which large industry members and small OATS reporters alike must begin reporting firm-to-firm linkage validations and equity exchange and TRF linkage validations – began on October 26.

The solution, which was soft launched to a select group of high-performance clients earlier this year, will be particularly impactful for firms that do not use an OMS and whose EMS providers do not support CAT reporting. Already, LiquidityBook has onboarded several clients whose previous systems could no longer support the reporting requirements of the new regulatory order.

“Given that the CAT has had an enormous effect on how trading firms handle their customer data, we saw a large amount of interest from firms whose existing OMS and/or EMS provider could not provide the reporting capability for one reason or another, leaving firms with a very clear business risk to their organization – perhaps rendering it inoperable,” said Sean Sullivan, Chief Revenue Officer at LiquidityBook. “Our team has built a solution that will help the industry navigate this shifting regulatory landscape. We are pleased to be able to fill the void and offer CAT reporting to players who were underserved by their previous systems as well as our existing clients.”

“There is no question that the implementation of CAT has created new complexities from a compliance standpoint,” said Daniel Dispigna, Chief Operating Officer at Tourmaline Partners, an industry-leading outsourced trading solutions provider and longtime LiquidityBook client. “Working with LiquidityBook allows us to meet these challenges with as much efficiency as possible. Their reporting solution is robust and versatile, helping us satisfy our own reporting requirements as well as serve the needs of our diverse and growing client base.”

The new CAT reporting tool is the latest addition to LiquidityBook’s suite of regulatory reporting solutions. The firm has offered MiFID II reporting tools since the framework’s implementation in early 2018, and more recently it upgraded its SEC Rules 605 and 606 reporting toolkit to meet the new requirements introduced earlier this year.

About LiquidityBook

LiquidityBook is a leading SaaS-based provider of buy- and sell-side trading solutions, including order management, portfolio management, execution management, FIX network connectivity, compliance and pre- and post-trade processing. Founded in 2005, the LiquidityBook platform is trusted by many of the industry’s most sophisticated buy- and sell-side firms globally to power their trading workflows. For more information please visit www.liquiditybook.com or contact [email protected].

Sam Belden
Forefront Communications for LiquidityBook
212-320-8986
[email protected]

NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) — Cytovia Therapeutics, an emerging biopharmaceutical company developing Natural Killer Cell Therapeutics, today announced that it will participate in the Jefferies Virtual London Healthcare Conference which will take place from November 17 to 19^th, 2020. 

• Cytovia CEO Dr. Daniel Teper will present on Thursday, November 19^th at 12.55 PM GMT – 7.55 AM EST.
• Company management will be available throughout the conference for one on one virtual meetings from November 17 to November 19, 2020.
• The webcast links will be available on the company website and social media pages. 

ABOUT CYTOVIA THERAPEUTICS

Cytovia Therapeutics Inc is an emerging biotechnology company that aims to accelerate patient access to transformational immunotherapies, addressing several of the most challenging unmet medical needs in cancer. Cytovia focuses on Natural Killer (NK) cell biology and is leveraging multiple advanced patented technologies, including an induced pluripotent stem cell (iPSC) platform for CAR (Chimeric Antigen Receptors) NK cell therapy, next-generation precision gene-editing to enhance targeting of NK cells, and NK engager multi-functional antibodies. Our initial product portfolio focuses on both hematological malignancies such as multiple myeloma and solid tumors including hepatocellular carcinoma and glioblastoma. The company partners with the University of California San Francisco (UCSF), the New York Stem Cell Foundation (NYSCF), the Hebrew University of Jerusalem, INSERM and CytoImmune Therapeutics.

Learn more at www.cytoviatx.com and follow Cytovia Therapeutics on Social Media Facebook, LinkedIn, Twitter.

For more information please contact:

Cytovia Therapeutics, Inc
Sophie Badré, Vice President, Corporate Affairs
[email protected] 
Cell: 1 (929) 317 1565 

Anna Baran
-Djokovic, VP Investor Relations
[email protected]
VP Investor Relations
Cell: +44 7521083006 

Bethlehem, PA, Nov. 12, 2020 (GLOBE NEWSWIRE) — Chris Ferguson, Chief Executive Officer of Vinco Ventures, Inc. (NASDAQ: BBIG), today issued a letter to the Company’s shareholders commenting on the Company’s recent merger agreement, name change, strategic path forward, 2021 outlook and key PPE related developments. A copy of the letter also appears on the Company’s website and is disclosed in the Company’s Current Report on Form 8-K filed with the SEC on November 12, 2020.

Shareholder Update

Edison Nation, Inc. (the “Company”) is pleased to announce the closing of a Merger Agreement (the “Agreement”) with Vinco Ventures, Inc. and its wholly owned subsidiary, Honey Badger Media, LLC (collectively referred to as “Vinco”). Pursuant to the Agreement, Vinco merged with and into the Company with the resultant new Company name being Vinco.

In addition, the Company entered into transactions with Honey Badger Media, LLC whereby in return for the payment of the consideration as set forth below, the Company receives the following:

1. The registered traffic domains related to Honey Badger Media in exchange for the payment of three hundred thousand dollars ($300,00).
    
2. Exclusive and perpetual license agreement for the use of the Honey Badger Media portal and its process for branding and content development of media properties in exchange for 750,000 shares of restricted common stock of the company.

The Vinco Strategy: B.I.G.

In today’s marketplace for consumer product companies, the digital shelf dominates as the core channel for brand growth and sustainability. The reduction in physical shelf space and the global pandemic have exponentially increased the change in consumer behavior to favor purchasing online.

Many consumer product brands are struggling with this reality and have failed to focus on the importance of the digital shelf. Such brands are ripe for consolidation, and Vinco will seek to lead the effort to consolidate those brands.

Vinco is poised to leverage the new market opportunity by utilizing their B.I.G. Strategy: Buy. Innovate. Grow.

BUY: Vinco will seek to acquire one significant brand per quarter commencing with the acquisition of Honey Badger Media, the media technology platform acquisition announced today.

Acquisitions are our model. The specific attributes of the target companies will evolve with the market, but the core focus will remain digital media and consumer product companies.

The Vinco target brand acquisitions will be segmented into 3 Tiers:

• Tier 1 brand acquisitions generate $20M+ in top line revenue.
• Tier 2 brand acquisitions generate $10-19M in top line revenue.
• Tier 3 brand acquisitions generate $0-9M in top line revenue.

INNOVATE: The core brands for Vinco will leverage the digital traffic platforms of Pop Nation and Honey Badger. By significantly improving both the traffic volume and the conversion metrics, the brands will more easily scale and innovate around the products that are most successful.

The Vinco brands receive a competitive advantage by having access to the digital traffic engine that has produced the following results:

• 2 Billion Video Views in October 2020
   
• 20 Million unique Sessions of unpaid traffic in one day to a directed page
   
• 150 Million Unique visitors to owned/controlled domains a month
   
• 1 Billion ad impressions per month 
   
• Over $50 Million in historical revenue generated from platform 
   
• $3 Million on video views from Facebook 2019
   
• Generated traffic for brands ranging from travel, CBD, Credit Repair, skin cream, men’s health, wrinkle cream, diet, muscle building 

GROW: Growth is fueled through acquisition and innovation. As the third step in our business, it’s the result of proper execution of our acquisition strategy and efficient innovation. By coupling these two principles together we scale quickly and profitably.

Welcome to the Vinco Team

Brian McFadden, Chief Strategy Officer

Mr. McFadden currently operates a consulting company focused on business development in the digital direct to consumer space. Mr. McFadden’s company has been successful in launching several direct-to-consumer products for both internal concepts as well as Fortune 500 companies. Mr. McFadden has been integral in the creation of several cellular communications patents in previous business experience. With substantial experience in the live shopping and digital commerce space, Mr. McFadden brings with him a wealth of industry knowledge and contacts. Additionally, a serial entrepreneur Brian will assist in identifying and targeting our acquisitions to ensure for long term growth and scale.

Laurie Argall, VP of Branding and Media Content

Ms. Argall currently owns and operates a successful social media network of influencers, content creators and celebrities. Ms. Argall started her career in social media monetization by building blogs for celebrities, having grown her network on Facebook to over 150 million fans with clients from Adalia Rose, Bam Margera and Joy of Mom. Driving traffic to her websites in excess of over 150 million unique visitors monthly, Ms. Argall has a unique ability to identify what will trend on social media and go viral. Ms. Argall was able to expand her network after adapting to Facebook’s ever-changing platform from blog +article monetization to video monetization.

James Ulrich, Esq. Nominated as a Board Member

Jim Ulrich is an NFL and MLB-Certified Agent and sports law attorney with more than two decades of experience representing elite professional athletes. He is known for his in-depth knowledge of the business of sports and trusted, long-standing relationships with coaches, executives and other personnel throughout the leagues. Jim is a partner at Enter-Sports Management, a full-service agency for professional athletes with offices in Philadelphia, Atlanta, Fort Lauderdale and Charlotte. As an attorney specializing in sports law, Jim handles all aspects of his clients’ legal needs, such as immigration, litigation, and matters involving both NFL and MLB Collective Bargaining Agreements.

Updated Guidance for 2020 for Edison Nation and Edison Nation Medical and PPE performance

COVID-19 has created both opportunity and a considerable amount of uncertainty across many markets including the sourcing and sale of Personal Protective Equipment. While we were initially excited regarding the confirmed orders that we received, we have realized that the supply side of the industry is unable to keep up with the current global demand. In response, we have adjusted our corporate guidance in the PPE space from fiscal year 2020 to include the initial two quarters of 2021 to allow sufficient time for delivery. Additionally, we will provide separate detail revenue and margin guidance for all PPE and non PPE business going forward. While we still remain confident in our confirmed demand and ability to supply the products required, we have taken a different approach moving forward due to the uncertainty of timing of production and transportation which has caused the additional time added to our initial guidance.

Revenue Guidance for Fiscal 2021

Current Brand Sales

               911 Help Now Brand:                                            $7.1M

               HMNRTH/Wellness Brand                                    $3.8M

               Purple Mountain/Global Clean Brand:                   $8.2M

               4Keeps Roses Brand:                                           $1.6M

               Royalty Streams:                                                   $1.1M

Total Current Brand Sales:                                               $21.8

Current Media/Technology and B to B Sales

                911 Help Now License:                                         $2.8M

                Honey Badger Media                                             $6.4M

                Business to business sales and services:           $7.1M

Total Media/Technology and B to B Sales:                   
$16.3M

Target for Additional Sales for 2021 via B.I.G. Strategy of one acquisition per Quarter: $17M

Note: The revenue guidance above does not include sales related to the Cloud B brand as currently those assets are being negotiated for sale and further the estimated revenue related to PPE supplies are anticipated to be recognized on a net revenue basis without including the costs of the shipped products.

Closing

Thank you for time and support as a shareholder in Vinco. We look forward to a new beginning and B.I.G. things in 2021. We have also included a link to the new investor presentation for your review and consideration.

About
 
Vinco
 
Ventures, Inc.

Vinco Ventures, Inc. (BBIG), a consumer products and digital marketing company which aims to advance both product and people brand recognition through our digital marketing and technology platform while reshaping how those are monetized and marketed. Vinco’s B.I.G. (Buy. Innovate. Grow.) strategy will seek out acquisition opportunities that allow for generating digital traffic that will allow for growth and profitability. For more information, please view our investor presentation or visit Investors.vincoventures.com.

Forward-Looking Statements and Disclaimers

Certain statements in this announcement are forward-looking statements which are based on the Company’s expectations, intentions and projections regarding the Company’s future performance, anticipated events or trends and other matters that are not historical facts, including expectations regarding: (i) the Company’s long-term targets, goals and strategies; (ii) the expected benefits of the Company’s focus on digital monetization; (iii) the future impact of the preemptive actions the Company took in response to the COVID-19 pandemic coupled with its cash flow generation and balance sheet and liquidity profile; (iv) the Company’s strategies for each of its segments, including its focus on recurring revenue, its balance sheet and variable cost structure, and the opportunities in the industries the Company serves; (v) the Company’s positioning for future growth and its ability to optimize performance of existing businesses, pursue its disciplined acquisition strategy and effectively manage its capital structure; (vi) the fragmentation of the markets in which the Company operates, the acquisition opportunities in those markets, the Company’s intent to continue to explore opportunistic acquisitions and the Company’s capacity to absorb additional acquisitions; (vii) certain expected 2020 financial results, including the Company’s updated guidance for 2020, the assumptions it made and the drivers contributing to its guidance; (viii) the Company’s flexibility to capitalize on the current environment and invest in potential strategic opportunities; and (ix) the impacts of the COVID-19 pandemic on the future operating and financial performance of the Company and its customers, the Company’s plans and strategies to adapt and respond to the pandemic and the expected impact of those plans and strategies. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: (i) economic conditions, competition and other risks that may affect the Company’s future performance, including the impacts of the COVID-19 pandemic on the Company’s business, markets, supply chain, customers and workforce, on the credit and financial markets, on the alignment of expenses and revenues and on the global economy generally; (ii) the ability to recognize the anticipated benefits of the Company’s acquisitions, including its ability to successfully integrate and make necessary capital investments to support additional acquisitions, and the Company’s ability to take advantage of strategic opportunities; (iii) changes in applicable laws or regulations; (iv) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and (v) other risks and uncertainties. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations: 

Aimee Carroll 
Phone: (866) 536-0943
Email: [email protected]

 Conference call to be held today at 9:00 a.m. EST

Sunrise, Florida, Nov. 12, 2020 (GLOBE NEWSWIRE) — – Nano Dimension Ltd. (Nasdaq: NNDM), a leading Additively Manufactured Electronics (AME)/PE (Printed Electronics) provider, today announced financial results for the third quarter ended September 30, 2020. 

Nano Dimension reported revenues of $438,000 for the third quarter of 2020. The Company ended the quarter with a cash and deposits balance of $45,720,000 (including short and long-term unrestricted bank deposits), while net loss for the third quarter was $20,716,000 and negative adjusted EBITDA for the third quarter was $3,373,000.

“These are not disappointing results per se,” said Yael Sandler, Chief Financial Officer of Nano Dimension. “As we have projected starting April 2020, the reduced revenues in 2020 as a result of the COVID-19 pandemic being prolonged and re-emerging crises, were in fact expected to be lower than we have achieved. Actually, in APAC, the revenues have seemed to already start a modest recovery in the fourth quarter of 2020. We believe that the United States is still in a process of downswing of capital expenditures under the influence of the COVID-19 pandemic, and European prospective customers are sinking back toward a commercial stand still, under the effects of its second wave. As the market stagnation is prolonged, understandably hesitant and/or careful customers tend to delay investments in breakthrough, new prototyping and fabrication technologies of unique Hi-PEDs™ (High Performance Electronic Devices). While the phenomena are clear and present, they are probably temporary,” concluded Ms. Sandler.

Mr. Yoav Stern, Chief Executive Officer and President of Nano Dimension commented: “The expectation of our market growth has not changed, and we believe that this is a interim delay. We expect the mid-term slow-down effect to act like a “sling shot” once COVID-19 will start to phase-out.¹ The pressure of the trade struggles with the East is already creating an interest for reshoring electronic manufacturing. Nano Dimension technology is ideally positioned as our 3D printing machines for Hi-PEDs™ are an environmentally friendly non-polluting fabrication and overnight prototyping methodology, fitting for setting up fabrication facilities in-house on the western continents.”

Mr. Stern concluded: “As per above, we are not judging, at this point, our success by quarterly revenues. That will come later. Nano Dimension operates along an expected fail-safe investment model, where upside may resemble Biotech investments, but, contrary to those, downside in case of failure at any stage is somewhat hedged and hence protected. We have sold 60 machines already, mostly to leading blue chip defense, academic and commercial organizations worldwide. It is reasonable to assume that in case a decision is made at the right time, a sale of our existing business at improving multiples, as per future stages, is a doable task. On the upside, an exponential growth post COVID-19 may lead us to an unprecedented leadership role. Our future “Stages” as defined at this point (subject to adjustment based on advancement in R&D) are: Stage I: Materials at Commercial-Specs, Stage II: Materials at Industrial-Specs, Stage III: Materials at Mil-Specs, Stage IV: Low Production Volume 3D-System, Stage V: Medium Production Volume 3D-System.” 

¹
IDTechEX (2019): The total market for 3D printed electronics will be worth $2.3 billion by 2029 and will be dominated by the professional PCB prototyping market segment. The educational and industrial production market segments will continue to grow steadily.
The market for professional PCB prototyping is currently growing very rapidly, almost entirely due to market leader Nano Dimension, and has already overtaken the consumer and education. This growth will slow but this market segment will become the largest by 2020.
DataM Intelligence (2018): Analysts predict 3D printed electronics will be the next high-growth application for product innovation: 2017 3D printed electronics market size is estimated at $176 million, expected to reach $592 million in 2021 and up to $2.4 billion by 2025.
Transparency Market Research (2018): The global 3D printed electronics market was valued at US$ 137.1 million in 2017 and is expected to expand at a CAGR of 44.46% from 2018 to 2026, reaching $ 3.9 billion by the end of the forecast period. 
  
Third Quarter 2020 Financial Results

• Total revenues for the third quarter of 2020 were $438,000, compared to $288,000 in the second quarter of 2020, and $2,243,000 in the third quarter of 2019. The decrease is attributed to continuing delays in identified transactions of DragonFly systems, which the Company primarily attributes to the impact of COVID-19.

• Research and development (R&D) expenses for the third quarter of 2020 were $2,556,000, compared to $1,895,000 in the second quarter of 2020, and $2,083,000 in the third quarter of 2019. The increase compared to both the second quarter of 2020 and the third quarter of 2019 is attributed to an increase in payroll and related expenses, as the Company is temporarily shifting resources from sales and marketing to product enhancements, as well as an increase in share-based payment expenses.

• Sales and marketing (S&M) expenses for the third quarter of 2020 were $2,475,000, compared to $930,000 in the second quarter of 2020, and $1,217,000 in the third quarter of 2019. The increase compared to both the second quarter of 2020 and the third quarter of 2019 is attributed to an increase in share-based payment expenses.

• General and administrative (G&A) expenses for the third quarter of 2020 were $14,805,000, compared to $908,000 in the second quarter of 2020, and $799,000 in the third quarter of 2019. The increase compared to both the second quarter of 2020 and the third quarter of 2019 is attributed to an increase in share-based payment expenses. In the third quarter of 2020, we recognized share-based payment expenses of approximately $13,617,000 with respect to warrants granted to our CEO and President and to one of our directors.    

• Net loss for the third quarter of 2020 was $20,716,000, or $0.45 per share, compared to $8,265,000, or $0.27 per share, in the second quarter of 2020, and $4,308,000, or $1.21 per share, in the third quarter of 2019. The increase compared to both the second quarter of 2020 and the third quarter of 2019 is mainly attributed to share-based payment expenses of approximately $15,852,000 that were recognized in the third quarter of 2020. 

Nine Months Ended September 30, 2020 Financial Results

• Total revenues for the nine months ended September 30, 2020 were $1,428,000, compared to $5,093,000 in the nine months ended September 30, 2019. The decrease is attributed to less sales of DragonFly systems, which the Company primarily attributes to the impact of COVID-19.

• R&D expenses for the nine months ended September 30, 2020 were $6,153,000, compared to $6,557,000 in the nine months ended September 30, 2019. The decrease resulted primarily from a decrease in payroll and related expenses and materials expenses, partially offset by an increase in share-based payment expenses.        

• S&M expenses for the nine months ended September 30, 2020 were $4,224,000, compared to $4,088,000 in the nine months ended September 30, 2019. The increase is mainly attributed to an increase in share-based payment expenses, partially offset by a decrease in marketing and advertising expenses.         

• G&A expenses for the nine months ended September 30, 2020 were $16,748,000, compared to $2,389,000 in the nine months ended September 30, 2019. The increase is mainly attributed to an increase in share-based payment expenses. In the nine months ended September 30, 2020, we recognized share-based payment expenses of approximately $13,617,000 with respect to warrants granted to our CEO and President and to one of our directors.         

• Net loss for the nine months ended September 30, 2020 was $31,055,000, or $1.11 per share, compared to $6,972,000, or $2.08 per share, in the nine months ended September 30, 2019. The increase is mainly attributed to share-based payment expenses of approximately $16,797,000 that were recognized in the nine months ended September 30, 2020. 

Balance Sheet Highlights

 

• Cash and cash equivalents, together with short and long-term bank deposits totaled $45,720,000 as of September 30, 2020, compared to $3,894,000 as of December 31, 2019. The increase compared to December 31, 2019, mainly reflects proceeds received from the sale of American Depositary Shares representing the Company’s ordinary shares, less cash used in operations, during the nine months ended September 30, 2020. 

• Shareholders’ equity totaled $52,691,000 as of September 30, 2020, compared to $11,602,000 as of December 31, 2019.  

Conference call information

The Company will host a conference call to discuss these financial results today, November 12, 2020, at 9:00 a.m. EST (4:00 p.m. IDT). Investors interested in participating are invited to register for the conference call here: https://dpregister.com/sreg/10149108/db3a251138. Dial-in numbers, including a local Israeli number and instructions, will be provided upon registration. U.S. Dial-in Number: 1-844-695-5517, International Dial-in Number: 1-412-902-6751, Israel Toll Free Dial-in Number: 1-80-9212373. Please request the “Nano Dimension NNDM call” when prompted by the conference call operator. The conference call will also be webcast live from the Investor Relations section of Nano Dimension’s website at http://investors.nano-di.com/events-and-presentations.

For those unable to participate in the conference call, there will be a replay available from a link on Nano Dimension’s website at http://investors.nano-di.com/events-and-presentations.

About Nano Dimension

Nano Dimension (Nasdaq: NNDM) is a provider of intelligent machines for the fabrication of Additively Manufactured Electronics (AME). High fidelity active electronic and electromechanical subassemblies are integral enablers of autonomous intelligent drones, cars, satellites, smartphones, and in vivo medical devices. They necessitate iterative development, IP safety, fast time-to-market and device performance gains, thereby mandating AME for in-house, rapid prototyping and production. Nano Dimension machines serve cross-industry needs by depositing proprietary consumable conductive and dielectric materials simultaneously, while concurrently integrating in-situ capacitors, antennas, coils, transformers and electromechanical components, to function at unprecedented performance. Nano Dimension bridges the gap between PCB and semiconductor integrated circuits. A revolution at the click of a button: From CAD to a functional high-performance AME device in hours, solely at the cost of the consumable materials. For more information, please visit www.nano-di.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. For example, Nano Dimension is using forward-looking statements when it discusses the expected impact of the COVID-19 pandemic and the expected growth once it starts to phase out, the expected recovery of its revenues, including in APAC, its investment model, potential sale at improving multiples and its future stages. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano Dimension’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 10, 2020, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Nano Dimension is not responsible for the contents of third party websites. 

NANO DIMENSION INVESTOR RELATIONS CONTACT

Yael Sandler, CFO | [email protected]

Unaudited Consolidated Statements of Financial Position as at

		September 30,								December 31,
		2019				2020				2019(*)
(In thousands of USD)
Assets
Cash and cash equivalents			5,466				21,020				3,894
Bank deposits							16,300
Restricted deposits			31				60				31
Trade receivables			2,348				568				1,816
Other receivables			458				661				570
Inventory			3,620				4,032				3,543
Total current assets			11,923				42,641				9,854
Bank deposits			–				8,400				–
Restricted deposits			359				379				377
Property plant and equipment, net			4,979				4,735				4,743
Right of use asset			4,054				2,478				2,673
Intangible assets			5,404				4,633				5,211
Total non-current assets			14,796				20,625				13,004
Total assets			26,719				63,266				22,858
Liabilities
Trade payables			487				842				850
Other payables			3,448				4,420				3,575
Total current liabilities			3,935				5,262				4,425
Liability in respect of government grants			811				883				1,044
Lease liability			3,476				1,829				2,089
Liability in respect of warrants and rights of purchase			7,575				2,601				3,698
Total non-current liabilities			11,862				5,313				6,831
Total liabilities			15,797				10,575				11,256
Equity
Share capital			5,559				66,252				6,441
Share premium and capital reserves			64,023				77,535				65,202
Treasury shares			(1,509	)			(1,509	)			(1,509	)
Presentation currency translation reserve			1,431				1,431				1,431
Accumulated loss			(58,582	)			(91,018	)			(59,963	)
Total equity			10,922				52,691				11,602
Total liabilities and equity			26,719				63,266				22,858

(*) The December 31, 2019 balances were derived from the Company’s audited annual financial statements. 

Unaudited Consolidated Statements of Profit or Loss and Other Comprehensive Income


(In thousands of USD, except per share amounts) 
  

		For the Nine-Month Period Ended September 30,								For the Three-Month Period Ended September 30,								For the Year ended December 31,
		2019				2020				2019				2020				2019(*)
Revenues			5,093				1,428				2,243				438				7,070
Cost of revenues			3,183				890				1,224				301				4,312
Cost of revenues – amortization of intangible			579				579				193				193				772
Total cost of revenues			3,762				1,469				1,417				494				5,084
Gross profit (loss)			1,331				(41	)			826				(56	)			1,986
Research and development expenses, net			6,557				6,153				2,083				2,556				8,082
Sales and marketing expenses			4,088				4,224				1,217				2,475				5,469
General and administrative expenses			2,389				16,748	(**)			799				14,805	(**)			3,270
Operating loss			(11,703	)			(27,166	)			(3,273	)			(19,892	)			(14,835	)
Finance income			6,923				171				100				41				8,765
Finance expense			2,192				4,060				1,135				865				2,283
Total comprehensive loss			(6,972	)			(31,055	)			(4,308	)			(20,716	)			(8,353	)
Basic loss per share (after 1:50 reverse split effective June 29, 2020)			(2.08	)			(1.11	)			(1.21	)			(0.45	)			(2.38	)

(*) The December 31, 2019 balances were derived from the Company’s audited annual financial statements.

(**) The general and administrative expenses include share-based payment expenses of approximately $14,547 in the nine months ended September 30, 2020, and approximately $13,977 in the third quarter of 2020. 

Consolidated Statements of Changes in Equity (Unaudited)


(In thousands of USD)

		Share capital				Share premium and capital reserves				Treasury shares				Presentation currency translation reserve				Accumulated loss				Total equity
For the nine months ended September 30, 2020:
Balance as of January 1, 2020			6,441				65,202				(1,509	)			1,431				(59,963	)			11,602
Issuance of ordinary shares, net			55,512				(9,743	)			—				—				—				45,769
Conversion of convertible notes			2,013				(78	)			—				—				—				1,935
Exercise of warrants and options			2,286				2,867				—				—				—				5,153
Share-based payments			—				19,287				—				—				—				19,287
Net loss			—				—				—				—				(31,055	)			(31,055	)
Balance as of September 30, 2020			66,252				77,535				(1,509	)			1,431				(91,018	)			52,691
For the three months ended September 30, 2020:
Balance as of July 1, 2020			66,236				61,748				(1,509	)			1,431				(70,302	)			57,604
Exercise of options			16				(16	)			—				—				—				—
Share-based payments			—				15,803				—				—				—				15,803
Net loss			—				—				—				—				(20,716	)			(20,716	)
Balance as of September 30, 2020			66,252				77,535				(1,509	)			1,431				(91,018	)			52,691

Non-IFRS measures

The following is a reconciliation of EBITDA and adjusted EBITDA to net loss:

		For the Nine-Month Period Ended September 30,								For the Three-Month Period Ended September 30,								For the Year ended December 31,
		2019				2020				2019				2020				2019
Net loss			6,972				31,055				4,308				20,716				8,353
Interest income			–				(52	)			–				(52	)			–
Depreciation and amortization			2,038				1,958				702				667				2,666
EBITDA			(4,934	)			(29,149	)			(3,606	)			(20,101	)			(5,687	)
Non-cash financial expense (income), net			(6,424	)			3,941				566				876				(8,175	)
Share-based payments			367				16,797				174				15,852				439
Adjusted EBITDA			(10,991	)			(8,411	)			(2,866	)			(3,373	)			(13,423	)

EBITDA

EBITDA is a non-IFRS measure and is defined as earnings before interest expense (income), income tax, depreciation and amortization. We believe that EBITDA, as described above, should be considered in evaluating the Company’s operations. EBITDA facilitates operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in capital structures (affecting interest expenses (income), net), and the age and depreciation charges and amortization of fixed and intangible assets, respectively (affecting relative depreciation and amortization expense, respectively) and EBITDA is useful to an investor in evaluating our operating performance because it is widely used by investors, securities analysts and other interested parties to measure a company’s operating performance without regard to the items mentioned above.

Adjusted EBITDA is a non-IFRS measure and is defined as earnings before non-cash financial expense (income), income tax, depreciation and amortization, and share based payments. Non-cash financial expenses (income), net include exchange rate differences, finance expense (income) for revaluation of liability in respect of government grants, finance expense (income) for revaluation of liability in respect of warrants and rights to purchase, as well as changes in lease liability. We believe that Adjusted EBITDA, as described above, should also be considered in evaluating the Company’s operations. Like EBITDA, Adjusted EBITDA facilitates operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in capital structures (affecting non-cash financial expenses (income), net), and the age and depreciation charges and amortization of fixed and intangible assets, respectively (affecting relative depreciation and amortization expense, respectively), as well as from share-based payment expenses, and Adjusted EBITDA is useful to an investor in evaluating our operating performance because it’s widely used by investors, securities analysts and other interested parties to measure a company’s operating performance without regard to non-cash items, such as expenses related to share based payments.

EBITDA and Adjusted EBITDA do not represent cash generated by operating activities in accordance with IFRS and should not be considered alternatives to net income (loss) as indicators of our operating performance or as measures of our liquidity. These measures should be considered in conjunction with net income (loss) as presented in our consolidated statements of profit or loss and other comprehensive income. Other companies may calculate EBITDA and Adjusted EBITDA differently than we do.

LAS VEGAS, Nov. 12, 2020 (GLOBE NEWSWIRE) — Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the Company has signed a Memorandum of Understanding (MOU) and has agreed to the terms of a development agreement with a digital assets and crypto wallet creator to produce a gold-backed cryptocurrency coin. AABB is continuing its discussions with the developer to plan the details of the design, branding, implementation and milestone events schedule for the gold-backed crypto coin under the agreed terms prior to initiating the development process. Viewed as a revenue diversification project to create liquidity and monetize gold production, the Company is excited to release further details of the gold-backed crypto coin project next week after the definitive development agreement is completed.

AABB is planning to market its branded gold-backed cryptocurrency coin extensively to large population and high growth markets worldwide including India and China. The economic fundamentals of India’s high demand and interest in physical gold and China’s expanding use of its national digital currency and digital wallets could naturally lend themselves to the future use of a AABB’s gold-backed cryptocurrency coin.

https://finance.yahoo.com/news/peoples-bank-china-early-stage-093000108.html

Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Guerrero, Mexico, to our client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of Asia Broadband and differentiates the Company to its shareholders.

Contact the Company at:

Email:                                      [email protected]
Website:                                  www.asiametalsinc.com
Phone:                                     702-866-9054
Parkin Investor Relations
Kevin Parkin

Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.

• Health spending in Canada
  was
  approximately
  $264 billion
  in 2019, 30%
  represents private-sector spending
  
  ¹
  
  
• One of the
  main pain points for employers and insurers
  is the multiple vendors required to cover the spectrum of healthcare services
• CloudMD delivers one
  centralized platform that addresses
  access to
  primary and specialist care, mental health support,
  and
  educational resources
• The solution provides
  personalized care p
  lans unique to each individual
  through proven systems
  ,
  triage
  ,
  assessment and navigation
• Creates an improved healthcare experience resulting in better outcomes,
  faster adoption rates and increased engagement
• Led by Karen Adams, Global Head
  ,
  Enterprise
  Health
  Solutions,
  an
  industry leader with over 20 years’ experience in enterprise health and wellness

VANCOUVER, British Columbia, Nov. 12, 2020 (GLOBE NEWSWIRE) — CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF, Frankfurt: 6PH) (the “Company” or “CloudMD”), a telehealth company revolutionizing the delivery of healthcare to patients, is excited to announce that it has launched an Enterprise Health Solutions Division designed to create engagement and enable patients through personalized health and wellbeing solutions. Karen Adams, Chief Health Innovation Officer will lead the new division and assume the additional role of Global Head of Enterprise Health Solutions. Karen is a subject matter expert in enterprise health and wellness programs and brings over 20 years’ experience developing industry leading mental health and wellness programs for some of the largest corporations and insurers in Canada, including Morneau Shepell and Shepell.fgi.

Karen Adams, Global Head, Enterprise
Health
Solutions commented, “Employers are looking for agile,wellbeing initiatives that positively impact the employee experience.We have been able to acquire organizations who are leaders in mental and physical health. It is evident that employers are looking for programs that recognize the unique needs of each individual and that personalizes their healthcarejourney. Our philosophy is to provide access to better care by leveraging technology to ensure continuity of evidenced based care through a multidisciplinary team-based approach. CloudMD is at the forefront of taking leading value–based care and ensuring that an individual is accessing reliable resources to improve their wellbeing whether they are at work, off work, recovering or returning to work. Our inclusive approach drives employee engagement and will enable employers and employees to thrive.”

In 2019, Health spending in Canada was approximately $264 billion, with 30% representing private-sector spending¹. Furthermore, Canadians spend almost a billion dollars ($950 million) on counselling services each year² and lose approximately $2.1 billion in wages due to long wait times for healthcare services³. Many do not receive the full scope of care they need and end up cycling through the acute care system. As organizations focus on issues relating to equality, diversity, inclusion, and mental health in managing employee health concerns it’s apparent that the way group benefits programs are administered needs to change. In the current system, employers are burdened with a siloed approach to managing health and wellbeing, and are using various stand-alone, single issue solutions to address their employees’ healthcare needs. CloudMD recognizes the market needs to integrate disconnected health and wellbeing benefits with technology enabled services to ensure increased access and continuity of care.

CloudMD will be offering clients a connected system of health solutions that recognizes the unique needs of each person. The program starts with a personal assessment (to determine each employee’s unique social, physical and mental health needs) and designs a personalized navigation care plan. All programs use progressive measurement and evidenced based care which results in better health outcomes. This transformational approach to employee health and wellbeing is enabled through the strategic acquisitions of leading healthcare solutions Re:Function, Snapclarity, HumanaCare, Medical Confidence, and iMD Health. Coupled with CloudMD’s virtual care, primary care and allied health network, the centralized platform creates an integrated solution to help employers address their workforce’s holistic health and wellness. CloudMD’s enterprise health solutions leverage both public and private funding which optimizes employer’s health and wellness spend.

Dr. Essam Hamza, CEO comments, “Our Enterprise Health SolutionsDivision aims to break down the barriers of traditional healthcare by providing one comprehensive platform to address all modalities of health and wellness and offer enterprise clients a ‘one stop shop’ for their employee benefit plans. Our mission is to provide holistic, patient focused care, and through our team-based approach we are able to provide better access to care and a personalized plan that encompasses the patient’s entire healthcare journey.We are revolutionizing the delivery of healthcare and aim to partner with clients to deliver greater value and impact, while optimizing their investment in health and wellness.”

About CloudMD Software & Services

CloudMD is digitizing the delivery of healthcare by providing a patient centric approach, with an emphasis on continuity of care. The Company offers SAAS based health technology solutions to healthcare providers across North America and has developed proprietary technology that delivers quality healthcare through a holistic offering including hybrid primary care clinics, specialist care, telemedicine, mental health support, educational resources and artificial intelligence (AI). CloudMD currently services a combined ecosystem of over 500 clinics, almost 4000 licensed practitioners and 8 million patient charts across North America.

ON BEHALF OF THE BOARD OF DIRECTORS

“Dr. Essam Hamza, MD”

Chief Executive Officer

FOR ADDITIONAL INFORMATION CONTACT:

Julia Becker

VP, Investor Relations

[email protected]

Karen Adams

Global Head, Enterprise
Health
Solutions

[email protected]

Forward Looking Statements

This news release contains forward-looking statements that are based on CloudMD’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to its business. Although CloudMD believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and CloudMD undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

1


https://www.cihi.ca/en/health-spending-in-canada-reaches-264-billion



2 https://cmha.ca/ending-health-care-disparity-canada
3https://www.globenewswire.com/news-release/2020/05/07/2029157/0/en/Fraser-Institute-News-Release-Medical-wait-times-cost-Canadian-patients-more-than-2-billion-in-lost-wages-before-COVID-19.html

Palm Beach, Florida, Nov. 12, 2020 (GLOBE NEWSWIRE) — PMV Consumer Acquisition Corp. (NYSE: PMVC.U) (the “Company”) today announced that, commencing on November 12, 2020, holders of the units (the “Units”) sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A common stock (the “Common Stock”) and warrants (the “Warrants”) included in the units.

The Common Stock and Warrants received from the separated Units will trade on the New York Stock Exchange (“NYSE”) under the symbols “PMVC” and “PMVC WS”, respectively. Units that are not separated will continue to trade on the NYSE under the “PMVC.U” ticker symbol. No fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade. Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the Units into Common Stock and Warrants.

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

About PMV Consumer Acquisition Corp.

PMV Consumer Acquisition Corp. is a special purpose acquisition company organized for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses or entities. The Company’s efforts to identify a prospective target business will not be limited to any particular industry or geographic region, although the Company initially intends to focus on target businesses in the consumer industry with enterprise valuations in the range of $200 million to $3.5 billion.

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including with respect to the initial public offering, the anticipated use of the proceeds thereof and the search for an initial business combination, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements, including those set forth in the risk factors section of the prospectus used in connection with the Company’s initial public offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

Contact:

Peter D. Goldstein
Executive Vice President and Secretary
(561) 318-3766

WILMINGTON, N.C., Nov. 12, 2020 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO) will report financial results for its third quarter which ended October 31, 2020 after the market close on Wednesday, December 9, 2020. nCino will host a conference call and webcast that day at 4:30 p.m. ET to discuss its financial results.

What: nCino’s Third Quarter Fiscal Year 2021 Financial Results Conference Call
When: Wednesday, December 9, 2020 at 4:30 p.m. ET
Webcast Link: https://investor.ncino.com/ 

Replay: A webcast replay will be available on the Investor Relations section of nCino’s website following the call. 

About nCino

nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System^® empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino’s single digital platform enhances the employee and client experience to enable financial institutions to more effectively onboard new clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino works with more than 1,200 financial institutions globally, whose assets range in size from $30 million to more than $2 trillion. For more information, visit: www.ncino.com.

INVESTOR CONTACT

JoAnn Horne
Market Street Partners
+1 415.445.3240
[email protected] 

MEDIA CONTACT

Natalia Moose, nCino
+1 910.833.0970
[email protected]