Toronto Raptors rookie Malachi Flynn was seeking out his offense against the Washington Wizards, which was a great sight for the coaching staff.
Toronto Raptors rookie Malachi Flynn was seeking out his offense against the Washington Wizards, which was a great sight for the coaching staff.
It was 7:30 a.m. on Christmas Eve when Cha Jung-hoon, South Korea's deputy minister for small businesses, got a call from his boss to make an urgent three-hour car trip to visit syringe maker Poonglim Pharmatech. The brief: work out how the government could convince and aid Poonglim, which had only about 80 employees, to rapidly scale up production of their low dead space (LDS) syringes, a type of syringe designed to minimise the amount of a drug left in the device after injection. "It might help us get more vaccines," Cha recalls then-minister Park Young-sun telling him.
Plus: Zogg Fire sparks push for broader power shutoff criteria, and Danville named safest city in California
CALGARY, Alberta, April 21, 2021 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or “the Company”) is pleased to report its financial and operating results for the three months ended March 31, 2021. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR (www.sedar.com) and will be available on Pulse’s website at www.pulseseismic.com. HIGHLIGHTS FOR THE THREE MONTHS ENDED MARCH 31, 2021 Total revenue was $4.8 million compared to $2.3 million for the three months ended March 31, 2020; Net earnings were $33,000 ($0.00 per share basic and diluted) compared to a net loss of $2.8 million ($0.05 per share basic and diluted) in the first quarter of 2020; Cash EBITDA was $3.6 million ($0.07 per share basic and diluted) compared to $1.1 million ($0.02 per share basic and diluted) in the first quarter of 2020; Shareholder free cash flow was $2.6 million ($0.05 per share basic and diluted) compared to $752,000 ($0.01 per share basic and diluted) in the first quarter of 2020; During Q1 2021 the Company repaid a total of $8.8 million of senior long-term debt. At March 31, 2021, long-term debt (net of deferred financing cost) was $19.0 million and the Company had $16.0 million available on its revolving credit facility; and Revenue update for Q2 2021 – Year to date revenue is $8.6 million, including $3.8 million closed this month. CORPORATE UPDATE AND COVID-19 UPDATE Pulse remains committed to the health and safety of its employees. Since March 13, 2020 many Pulse employees have been continuously working remotely. In addition, the Company has a small group working at its warehouse facility. The guidance of health authorities continues to be closely monitored and Pulse has a minimum number of staff working in the office from time to time, as is deemed necessary. Pulse’s business is supplying licences to a digitally-based product, seismic data and, as a result, the combination of staff working in the office and remotely allows for timely responses to customers’ needs. The Company’s top priorities continue to be the safety of its employees, preserving cash and protecting the balance sheet while weathering these uncertain times. SELECTED FINANCIAL ANDOPERATING INFORMATION (thousands of dollars except per share data, Three months ended March 31,Year ended numbers of shares and kilometres of seismic data)20212020December 31, (unaudited)2020 Revenue Data library sales 4,740 2,190 11,011 Other revenue 85 90 338 Total revenue 4,825 2,280 11,349 Amortization of seismic data library 2,498 3,516 11,348 Net earnings (loss) 33 (2,827) (6,786) Per share basic and diluted 0.00 (0.05) (0.13) Cash provided by operating activities 9,082 2,322 3,814 Per share basic and diluted 0.17 0.04 0.07 Cash EBITDA (a) 3,649 1,081 7,553 Per share basic and diluted (a) 0.07 0.02 0.14 Shareholder free cash flow (a) 2,569 752 5,346 Per share basic and diluted (a) 0.05 0.01 0.10 Capital expenditures Seismic data purchases, digitization and related costs 96 96 383 Property and equipment - - 7 Total capital expenditures 96 96 390 Weighted average shares outstanding Basic and diluted 53,793,317 53,793,317 53,793,317 Shares outstanding at period-end 53,793,317 53,793,317 53,793,317 Seismic library 2D in kilometres 829,207 829,207 829,207 3D in square kilometres 65,310 65,310 65,310 FINANCIAL POSITION ANDRATIOS March 31, March 31, December 31, (thousands of dollars except ratios) 2021 2020 2020 Working capital (401) 1,040 5,601 Working capital ratio 0.8:1 1.2:1 3.6:1 Cash and cash equivalents - 1,036 - Total assets 48,077 63,838 56,742 Long-term debt 18,976 29,169 27,715 Trailing 12-month (TTM) cash EBITDA (b) 10,121 15,605 7,553 Shareholders’ equity 25,356 29,134 25,266 Long-term debt to TTM cash EBITDA ratio 1.87 1.87 3.67 Long-term debt to equity ratio 0.75 1.00 1.10 (a) The Company’s continuous disclosure documents provide discussion and analysis of “cash EBITDA”, “cash EBITDA per share”, “shareholder free cash flow” and “shareholder free cash flow per share”. These financial measures do not have standard definitions prescribed by IFRS and, therefore, may not be comparable to similar measures disclosed by other companies. The Company has included these non-GAAP financial measures because management, investors, analysts and others use them as measures of the Company’s financial performance. The Company’s definition of cash EBITDA is cash available for interest payments, cash taxes, repayment of debt, purchase of its shares, discretionary capital expenditures and the payment of dividends, and is calculated as earnings (loss) from operations before interest, taxes, depreciation and amortization less participation survey revenue, plus any non-cash and non-recurring expenses. Cash EBITDA excludes participation survey revenue as these funds are directly used to fund specific participation surveys and this revenue is not available for discretionary capital expenditures. The Company believes cash EBITDA assists investors in comparing Pulse’s results on a consistent basis without regard to participation survey revenue and non-cash items, such as depreciation and amortization, which can vary significantly depending on accounting methods or non-operating factors such as historical cost. Cash EBITDA per share is defined as cash EBITDA divided by the weighted average number of shares outstanding for the period. Shareholder free cash flow further refines the calculation of capital available to invest in growing the Company’s 2D and 3D seismic data library, to repay debt, to purchase its common shares and to pay dividends by deducting non-discretionary expenditures from cash EBITDA. Non-discretionary expenditures are defined as debt financing costs (net of deferred financing expenses amortized in the current period) and current tax provisions. Shareholder free cash flow per share is defined as shareholder free cash flow divided by the weighted average number of shares outstanding for the period. These non-GAAP financial measures are defined, calculated and reconciled to the nearest GAAP financial measures in the Management's Discussion and Analysis. OUTLOOK With economic, industry and pandemic-related uncertainty all remaining unusually high, Pulse is unable to issue a specific outlook concerning industry and market conditions over the next several quarters. Commodity prices strengthened somewhat over the winter, the outlook for industry capital expenditures and field activities has improved modestly, and the pace and value of industry M&A activity have picked up over 2020. Revenues from mineral lease auctions (“land sales”) in B.C. and Alberta in the first three months of 2021 remained at or near record lows. When combined with the Company’s data library sales results to date in 2021, Pulse’s overall assessment is that the outlook for traditional sales for the balance of the year remains unclear, while transaction-based sales of any size could occur at any time. Having spent the past six years reducing controllable costs, maximizing efficiencies, maintaining a strong balance sheet, and optimizing its access to credit, all while significantly increasing the size of its data library asset, Pulse remains well-prepared for a range of industry conditions in 2021 and beyond. As it has repeatedly demonstrated, the Company can generate positive shareholder free cash flow at or even below its current level of quarterly sales. Pulse will continue to seek further cost reductions where possible, without impairing the Company’s ability to serve its clients, conduct sales and act on attractive opportunities. The seismic library’s data does not deteriorate or expire and incurs minimal maintenance costs. CORPORATE PROFILE Pulse is a market leader in the acquisition, marketing and licensing of 2D and 3D seismic data to the western Canadian energy sector. Pulse owns the largest licensable seismic data library in Canada, currently consisting of approximately 65,310 square kilometres of 3D seismic and 829,207 kilometres of 2D seismic. The library extensively covers the Western Canada Sedimentary Basin, where most of Canada’s oil and natural gas exploration and development occur. For further information, please contact: Neal Coleman, President and CEO Or Pamela Wicks, Vice President Finance and CFO Tel.: 403-237-5559 Toll-free: 1-877-460-5559 E-mail: firstname.lastname@example.org. Please visit our website at www.pulseseismic.com This document contains information that constitutes “forward-looking information” or “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities legislation. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “forecast”, “target”, “project”, “guidance”, “may”, “will”, “should”, “could”, “estimate”, “predict” or similar words suggesting future outcomes or language suggesting an outlook. The Outlook section herein contain forward-looking information which includes, but is not limited to, statements regarding: > The outlook of the Company for the year ahead, including future operating costs and expected revenues; > The Company’s capital resources and sufficiency thereof to finance future operations, meet its obligations associated with financial liabilities and carry out the necessary capital expenditures through 2021; > Pulse’s capital allocation strategy; > Oil and natural gas prices and forecast trends; > Oil and natural gas drilling activity and land sales activity; > Oil and natural gas company capital budgets; > Future demand for seismic data; > Future seismic data sales; > Pulse’s business and growth strategy; and > Other expectations, beliefs, plans, goals, objectives, assumptions, information and statements about possible future events, conditions, results and performance, as they relate to the Company or to the oil and natural gas industry as a whole. By its very nature, forward-looking information involves inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. Pulse does not publish specific financial goals or otherwise provide guidance, due to the inherently poor visibility of seismic revenue. The Company cautions readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking information. These factors include, but are not limited to: > Uncertainty of the timing and volume of data sales from the recently acquired seismic data library, which was partially funded with long-term debt; > Volatility of oil and natural gas prices; > Risks associated with the oil and natural gas industry in general; > The Company’s ability to access external sources of debt and equity capital; > Credit, liquidity and commodity price risks; > The demand for seismic data and; > The pricing of data library licence sales; > Cybersecurity; > Relicensing (change-of-control) fees and partner copy sales; > Environmental, health and safety risks, including those related to the COVID-19 pandemic; > Federal and provincial government laws and regulations, including those pertaining to taxation, royalty rates, environmental protection, public health and safety; > Competition; > Dependence on key management, operations and marketing personnel; > The loss of seismic data; > Protection of intellectual property rights; > The introduction of new products; and > Climate change. Pulse cautions that the foregoing list of factors that may affect future results is not exhaustive. Additional information on these risks and other factors which could affect the Company’s operations and financial results is included under “Risk Factors” in the Company’s most recent annual information form, and in the Company’s most recent audited annual financial statements, most recent MD&A, management information circular, quarterly reports, material change reports and news releases. Copies of the Company’s public filings are available on SEDAR at www.sedar.com. When relying on forward-looking information to make decisions with respect to Pulse, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Furthermore, the forward-looking information contained in this document is provided as of the date of this document and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, except as required by law. The forward-looking information in this document is provided for the limited purpose of enabling current and potential investors to evaluate an investment in Pulse. Readers are cautioned that such forward-looking information may not be appropriate, and should not be used, for other purposes. PDF available: http://ml.globenewswire.com/Resource/Download/d3efa4ab-8bcc-4332-8143-c10862a3850f
Four million homes have dropped their fixed line phones since 2000 a trend which may see a post-pandemic boost.
The Democratic voting rights activist didn't hold back when Sen. John Kennedy asked her to make her case against the restrictive changes.
Honda Motor Co said on Wednesday it had confirmed the 19th U.S. death tied to a ruptured Takata air bag inflator since 2009 -- and the 16th in one of its vehicles. The Japanese automaker said that following a joint inspection, the company and the National Highway Traffic Safety Administration (NHTSA) confirmed that a defective Takata driver’s air bag inflator ruptured in the crash of a 2002 Honda Accord on Jan. 9, 2021, in Lancaster County, South Carolina. More than 400 injuries are also tied to faulty Takata inflators and at least 28 deaths worldwide.
The background to the case of sub-postmasters whose convictions were based on evidence from faulty IT.
World no.1 Judd Trump has challenged snooker stars to build on Barry Hearn’s legacy and ‘take the game to another level’.
Several areas now have more job vacancies than before the pandemic, a study finds.
MATEENBAR™ Fiberglas™ Rebar, a lighter, more durable and corrosion-resistant concrete reinforcement alternative to steel rebar for structural, heavy-load applications, launched April 14, 2021, to customers throughout the U.S. With the U.S. preparing for new investments to rebuild its aging infrastructure and create new, stronger buildings, bridges, seawalls, rail systems and other structures, the need for domestically manufactured, higher-performing and more cost-effective materials has never been more critical.
Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In FibroGen To Contact Him Directly To Discuss Their Options New York, New York--(Newsfile Corp. - April 21, 2021) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against FibroGen, Inc. ("FibroGen" or the "Company") (NASDAQ: FGEN) and reminds investors of the June 11, 2021 deadline to seek the role of lead plaintiff in a federal ...
Today, Minister of Environment and Climate Change, the Honourable Jonathan Wilkinson, spoke with U.S. Secretary of the Interior Deb Haaland. The meeting built on a long history of cooperation on nature-related matters between Canada and the United States.
TSX VENTURE COMPANIES
Note: All times local
Topics Range from ArchViz to Collaborative Work Across Industries, the Rise of Retailtainment, NFTs, In-Camera VFX, Pixel Streaming, MetaHumans, Digital Fashion and More; Registration is Free NEW YORK, April 21, 2021 (GLOBE NEWSWIRE) -- Today, the RealTime Conference (RTC) announces the lineup of its Spring event, featuring three 16-hour days packed full of live presentations, discussions, interviews and real-time live demos. Running April 26-28, the virtual event brings together some of the leading voices from a diverse set of industries, all united with a common goal: finding ways to take advantage of real-time technology. The three-day event contains 100 sessions spread across 19 separate tracks, with each track focusing on a different industry or topic. The event includes more than 150 speakers from some of the world’s most innovative companies, such as Epic Games’ Unreal Engine, Accenture, Chaos Group, Digital Domain, disguise, NantStudios, DNEG, Facebook Reality Labs, Foundry, Framestore, HP, HTC, Intel Sports, Khronos Group, Lucid Motors, Lux Machina, Meow Wolf, NVIDIA, Pixomondo, Renault-Mitsubishi-Nissan, Soul Machines, The Third Floor, Varjo, Visual Effects Society (VES), Volvo Cars, Volkswagen, Weta Digital and many others who are creating the Metaverse in real-time. Featured tracks include: Cloud/Pixel Streaming in Real-Time Collaborative Design in the Metaverse Digital Humans/Virtual AgentsEducation/Recruiting & Training ChallengesThe Impact of Real-Time on HealthInspiring Architects Real-Time Technology in SportsRetail & 3D CommerceVirtual Production How Real-Time is Transforming AnimationXR & Live Broadcast Shows In keeping with the event’s theme, “The Rise of the Metaverse – Merging Physical and Digital Worlds,” sessions will touch on the growth of collective shared spaces, including a look at the tools that are making it possible for people to collaborate on projects virtually, in real-time, from anywhere in the world. Experts will also offer practical advice on how to take advantage of real-time tools, discuss how companies and individuals have adapted to the pandemic and offer a look at the future of multiple industries through live presentations and demos, from the people that are helping to shape it. Live demos include: “Remote Collaboration with NVIDIA Omniverse and HP ZCentral” – Jeff Kember – Global developer relations director for Omniverse platform – Nvidia; Joshua St. John – Head of creators, global product planning and industry strategy – HP“The Impact of MetaHuman Creator on Virtual Production, Storytelling & Prototyping” – Mike Seymour – Lecturer, researcher digital humans & writer – MOTUS Lab | Co-founder – fxguide; Panelists: Kim Libreri – CTO – Epic Games; Vladimir Mastilović – Founder – 3Lateral | VP of digital humans technology – Epic Games; Matt Workman – Game developer – Cine Tracer“Reimagine Storytelling” – Ed Plowman – CTO – disguise; Tom Rockhill – Chief commercial officer – disguise“Talking to Douglas – The Challenges in Creating an Autonomous Digital Human” – Matthias Wittmann – VFX supervisor – Digital Domain“The New Dimension – Real-Time Volumetric Video” – Hayes Mackaman – CEO – 8i“Creating a Custom Retail Virtual Showroom in Under 10 Minutes with Metaverse Engine” – Alan Smithson – Co-founder – MetaVRse“Urban Projects Experiences from the Cloud” –Teïlo François – Director of innovation, partner – Vectuel; Christophe Robert – Co-founder – Furioos“Value of Values, Transactional Art on the Blockchain Giving Shape to Human Values. Real-Time Short Cut from the Brain to the Blockchain” – Prof. Maurice Benayoun – Founder – Neuro design lab, School of Creative Media, City University of Hong Kong While all speakers will appear virtually from locations around the world, the event will be hosted live from Los Angeles at NantStudios' Innovation Campus. Leveraging NantStudios’ virtual production workflow, including LED walls and Unreal Engine, RTC's founder Jean-Michel Blottière will introduce sessions, deliver daily addresses and conduct panels and discussions all from a virtual stage. “Real-time technology has the ability to change the world for the better, but there are still walls dividing many of the industries that could be sharing their experience and techniques to benefit everyone,” said Blottière. “RTC was created to break down those walls and bring people together, and give attendees an advantage. And with thousands of people registered from around the world, the community forming around the event will continue to share and interact long after the last session has ended.” Featured Speakers Include: Kim Baumann Larsen – CEO – Dimension DesignJeff Burke – Professor and associate dean – UCLA School of Theater, Film and TelevisionShaun Carrigan – Director of product & experience – Intel SportsLynn Comp – VP, GM of visual infrastructure – IntelDavid Conley – Executive VFX producer – Weta DigitalAlex Coulombe – Creative director – Agile LensBill Desowitz – Crafts & animation editor – IndieWirePhil Eisler – VP/GM, GeForce Now cloud gaming – NVIDIAPaul Franklin – Co-founder of Double Negative and creative director – DNEGEvan Goldberg – Manager, technology innovation research –The Walt Disney StudiosChristophe Héry – Research scientist – Facebook Reality LabsSallyann Houghton – Innovation lab London, new business, fashion industry | M&E – Epic GamesVince Kadlubek – Founder & director – Meow WolfJeff Kember – Global developers relations director for Omniverse Platform – NVIDIAConnie Kennedy – Head of LA Lab – Epic GamesRob Legato – President – KTM ProductionsKim Libreri – CTO – Epic GamesMatt Madden – Director of virtual production – Epic GamesJussi Mäkinen – CMO – VarjoGary Marshall – Director of virtual production – NantStudiosVladimir Mastilović – Founder – 3Lateral | VP of digital humans technology – Epic GamesAlex McDowell – Co-Founder, creative director – Experimental DesignDavid Morin – Executive director – Academy Software FoundationChris Nichols – Director – Chaos Group Labs | Host – CG Garage PodcastThomas Orenz – Director of interactive digital marketing – Lucid MotorsPatrick Osborne – Animator & director – Nexus StudiosFrank Patterson – President & CEO – Trilith StudiosDr. Jon Peddie – President & founder – Jon Peddie ResearchMarc Petit – VP and general manager of Unreal Engine – Epic GamesJan Pflueger – Founder & advisor – AdvisXREd Plowman – CTO – disguiseBrian Pohl – Head of Epic fellowship – EpicGuillaume Polaillon – Senior alliance manager – NVIDIADavid Prescott – Senior vice president of creative production – DNEG AnimationDan Ring – Head of research – FoundryMiikka Rosendhal – CEO & founder – ZoanMark Sagar – CEO – Soul MachinesLinda Sellheim – Education lead – Epic GamesMike Seymour – Lecturer, researcher digital humans & writer – MotusLab (DDGR) USYD | Co-founder – fxguideJoshua St. John – Head of creators, global product planning and industry strategy – HPMarco Tempest – Cyber illusionist director’s fellow – MIT media Lab | Founder – magicLab.nycAlistair Thompson – Head of Innovation Lab – Epic GamesNeil Trevett – President – Khronos GroupTim Webber – Chief creative officer – Framestore A complete schedule can be found here. "While many of our sessions focus on how people take advantage of real-time technologies, the RealTime Conference is an event where people can get a glimpse of the future," said Manny Francisco, CTO of RTC. "Our roster brings together respected industry speakers and rising innovators in our community." Following its Spring event, RTC will return November 15-17 with a second virtual event featuring an all-new lineup. The fall event will be followed by the first “RealTime Innovation Awards,” held on Thursday, November 18. Winners will be selected by the RTC community. Main sponsors for RTC 2021 include Epic Games' Unreal Engine, NantStudios, ACM SIGGRAPH, disguise, Foundry, Framestore, HP, Khronos Group, NantStudios, NVIDIA, Sony and Visual Effects Society (VES). Registration is open now, and in an effort to support the real-time community during the pandemic, all sessions are free to the public. More information can be found at https://realtimeconference.com/. About RealTime ConferenceThe RealTime Conference (RTC) is the world’s premiere event for real-time communities. With real-time technologies growing at an unprecedented pace and shaping countless industries in its wake, the need for a unifying event to bring together the pioneers of today with the leaders of tomorrow has never been more important. RTC’s 2020 events saw more than 6,700 unique registrants from 103 countries attend hundreds of sessions and keynote addresses. Visionaries and insightful tech giants helped make RTC the pioneering conference of the future, opening up the conversation across industries too often siloed − including architecture, automotive, design & manufacturing, virtual production, digital humans and more. RTC is supported by the RTC Advisory Board, a group dedicated to bringing people together while offering recommendations to strengthen the program. The full list of RTC Board members can be found here. The conference was founded by Jean-Michel Blottière, Dave Gougé and Thomas Haegele. Blottière and Haegele previously collaborated in overseeing FMX before founding the RTC, while Gougé has put together over 100 events as curator and host. They are joined by Manny Francisco, the former VP of advanced creative technology for NBCU/DreamWorks Animation, and more. The full RTC team can be found here. Attachment unnamed (2) CONTACT: Ryan Fleming 5037969822 email@example.com
Andrew Knapp wins it for the Phillies in the 9th
Britain should consider making environmental labelling compulsory for consumer financial products and task regulators with stopping misleading claims or "greenwashing", legislators said on Thursday. Britain's government has given more priority to green issues this year as it prepares to host a major United Nations climate summit known as COP26. In a new report, the House of Commons' cross-party Treasury Committee urged the government to set out how much it would cost to achieve its target of reaching net zero emissions by 2050 and ensure financial regulation was consistent with this.
Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Romeo Power To Contact Him Directly To Discuss Their Options New York, New York--(Newsfile Corp. - April 21, 2021) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Romeo Power, Inc. ("Romeo Power" or the "Company") (NYSE: RMO) and reminds investors of the June 15, 2021 deadline to seek the role of lead plaintiff ...
Four years after Miami Beach voters overwhelmingly rejected a proposal to end late-night drinking in the famous tourist city, commissioners on Wednesday voted to temporarily restrict alcohol sales in the South Beach entertainment district.
Following is a statement from Brian Sauvé, President of the National Police Federation, regarding enforcement by BC RCMP of the pending provincial travel ban order: