YTEN - Notable 21 March 2024 Newsmakers
2024-03-21 10:40:45 ET
DENVER, Colo., Mar 21, 2024 ( 247marketnews.com )- This morning’s notable listings with recent news include CuriosityStream Inc. (NASDAQ: CURI ), Brera Holding ( NASDAQ:BREA ), Yield10 Bioscience, Inc. (NASDAQ: YTEN ), Kaival Brands (NASDAQ: KAVL ), and Lufax Holding Ltd (NYSE: LU ).
CuriosityStream Inc. (NASDAQ: CURI ) reported its fourth quarter and fiscal year 2023 financial results, this morning, and its fourth quarter gross profit was $6.7 million, compared to $1.4 million in the fourth quarter of 2022. Additionally, the Company’s Board of Directors declared a $0.025 per share quarterly cash dividend, payable to April 12, 2024 stockholders of record and intends to pay regular quarterly dividends.
“Our fourth quarter revenue results met our guidance range while adjusted free cash flow exceeded our guidance range, and we delivered sequential revenue growth in our Direct Business. We continued to decrease our cost base, as we achieved our fifth straight quarter of sequential adjusted free cash flow improvement,” said Clint Stinchcomb, President & CEO. “Looking forward, we will be guiding to positive adjusted free cash flow for the first quarter of 2024, and we believe the initiation of the dividend program, which will be paid from excess cash, underscores our positive outlook for cash flow in 2024.”
Brera Holding ( NASDAQ:BREA ) recently appointed Dicey Perrine to head its US Multi Club Ownership (MCO) operations, as several major drivers are accelerating the beautiful game’s US popularity.
The Future is Fútbol confirmed that soccer is the fastest-growing team sport in America and, as worldsoccertalk.com reported, “With the explosive growth and strengthening of the game domestically over the past 30 years, it is especially exciting to think about where we go from here. The 1994 FIFA World Cup in the USA still holds the all-time tournament attendance record (despite only having 24 teams and fewer games than subsequent tournaments) and was the most commercially successful edition ever. When 2026 brings the World Cup back to North America , with an expanded field of 48 teams, those records will surely be smashed.”
Perrine joins a management and advisory team that includes Daniel McClory , renowned investment banker and Brera’s Executive Chairman, who just acquired a majority stake in Brera Holdings ; and an advisory board that includes Massimo Ferragamo , Chairman of Ferragamo USA, Alan Rothenberg , Major League Soccer Founder and World Cup Director, Sports Business Leaders, Paul Tosetti and Marshall Geller, and Football Icon, Giuseppe Rossi, to Brera’s all-star Advisory Board .
For further BREA info, please click here .
Yield10 Bioscience, Inc. (NASDAQ: YTEN ) reported, this morning, that USDA-APHIS’s Biotechnology Regulatory Services determined that Yield10’s genetically engineered Camelina sativa , which produce omega-3 fatty acids are not subject to the regulations under 7 CFR part 340, and may be grown and bred in the United States.
“This regulatory milestone represents a critical step for enabling the ramp-up of Camelina planting to commercial scale in the U.S for producing omega-3 oil for key markets including aquafeed and human nutrition,” stated Kristi Snell, Ph.D., Chief Science Officer of Yield10 Bioscience. “In 2024, we plan to focus on executing our development program, building seed inventory in anticipation of commercial scale planting, and engaging with potential commercial partners to enable commercial sale of omega-3 oil and meal in target markets. Use of omega-3 oil in target markets may still be subject to regulation from other regulatory authorities in target geographies.”
Kaival Brands (NASDAQ: KAVL ) published a business update letter to shareholders from its Executive Chairman, Interim Chief Executive Officer and President, Barry M. Hopkins, in February.
Lufax Holding Ltd (NYSE: LU ) reported, this morning, its unaudited financial results for the fourth quarter and full year ended December 31, 2023.
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Notable 21 March 2024 Newsmakers