Reports

Palantir reported a 30% year-over-year increase in revenue, reaching $726 million. U.S. revenue grew by 44% year-over-year. The company achieved a GAAP EPS of $0.06 and raised its full-year guidance for revenue, U.S. commercial revenue, and adjusted free cash flow.

• U.S. revenue increased by 44% year-over-year, reaching $499 million.
• Overall revenue grew by 30% year-over-year to $726 million.

Constellation Energy reported a GAAP Net Income of $3.82 per share and Adjusted (non-GAAP) Operating Earnings of $2.74 per share for the third quarter of 2024. The company is raising the midpoint and narrowing the full-year 2024 Adjusted (non-GAAP) Operating Earnings guidance range to $8.00 – $8.40 per share.

• GAAP Net Income increased to $3.82 per share from $2.26 per share in the third quarter of 2023.
• Adjusted (non-GAAP) Operating Earnings increased to $2.74 per share from $2.13 per share in the third quarter of 2023.

Marriott International reported a solid third quarter in 2024, with a 3.0 percent increase in global RevPAR. Adjusted EBITDA reached $1,229 million, and adjusted diluted EPS was $2.26. The company added approximately 16,000 net rooms during the quarter and returned $1.0 billion to shareholders through share repurchases.

• Global RevPAR increased by 3.0 percent, with international markets rising 5.4 percent.
• Adjusted EBITDA totaled $1,229 million, compared to $1,142 million in the third quarter of 2023.

Zoetis reported strong Q3 2024 results, with revenue reaching $2.4 billion, an 11% increase compared to Q3 2023. Net income grew by 14% to $682 million, and adjusted net income increased by 15%. The company has raised its full-year 2024 revenue and adjusted EPS guidance, reflecting confidence in its diverse portfolio and market leadership.

• Revenue reached $2.4 billion, growing 11% overall and 14% operationally.
• Net income increased by 14% to $682 million, or $1.50 per diluted share.

NXP Semiconductors reported Q3 2024 revenue of $3.25 billion, in line with guidance. Strength in Communication Infrastructure, Mobile, and Automotive was offset by weakness in Industrial & IoT. The company focuses on managing controllable factors to maintain profitability amidst broader macro weakness, especially in Europe and the Americas.

• Revenue was $3.25 billion, down 5% year-on-year.
• GAAP gross margin was 57.4%, GAAP operating margin was 30.5%, and GAAP diluted Net Income per Share was $2.79.

Diamondback Energy, Inc. reported net income of $659 million, or $3.19 per diluted share, and net cash provided by operating activities of $1.2 billion for the third quarter of 2024. The company closed its merger with Endeavor Energy Resources, repurchased shares, and announced a trade agreement with TRP Energy.

• Closed merger with Endeavor Energy Resources on September 10, 2024.
• Average production of 571.1 MBOE/d.

Realty Income Corporation reported net income available to common stockholders of $261.8 million, or $0.30 per share, and AFFO of $915.6 million, or $1.05 per share. The company invested $740.1 million at an initial weighted average cash yield of 7.4% and increased its 2024 investment volume guidance to approximately $3.5 billion and raised the low-end of its AFFO per share guidance to a range of $4.17 to $4.21 per share.

• Net income available to common stockholders was $261.8 million, or $0.30 per share.
• AFFO available to common shareholders was $915.6 million, or $1.05 per share.

AIG reported excellent third quarter financial results, demonstrating underwriting excellence and capital management discipline. The adjusted after-tax income per diluted share was $1.23, an 18% increase year-over-year. The company returned approximately $1.8 billion of capital to shareholders through stock repurchases and dividends.

• General Insurance net premiums written decreased 1% on a reported basis, or increased 6% on a comparable basis, totaling $6.4 billion.
• Global Commercial Lines net premiums written decreased 2% on a reported basis, or increased 7% on a comparable basis, totaling $4.5 billion.

FIS reported strong third quarter results with revenue increasing 3% on a GAAP basis and 4% on an adjusted basis to $2.6 billion. Adjusted EPS increased 49% to $1.40, and the company repurchased $500 million of shares. The company raised its full-year outlook for revenue, adjusted EBITDA, and adjusted EPS.

• GAAP Diluted EPS increased 7% over the prior-year period to $0.45.
• Adjusted EPS increased 49% over the prior-year period to $1.40.

PSEG announced its Q3 2024 results, with a net income of $1.04 per share and non-GAAP operating earnings of $0.90 per share. The company has narrowed its full-year 2024 non-GAAP Operating Earnings guidance from $3.60 to $3.70 per share to a range of $3.64 to $3.68 per share.

• PSE&G Distribution Base Rate Case Settlement was approved and implemented.
• PSE&G’s Energy Efficiency Programs were expanded and extended.

AvalonBay Communities, Inc. reported a strong Q3 2024 with a notable increase in Earnings per Share (EPS). The company also completed development projects, started new constructions, and engaged in strategic acquisitions and dispositions, enhancing its portfolio and financial position.

• Reported EPS increased by 115.7% compared to Q3 2023.
• Completed development of two communities with 629 apartment homes and 9,200 square feet of commercial space.

Fox Corporation reported a strong start to fiscal 2025, with revenues of $3.56 billion, an 11% increase year-over-year. Net income reached $832 million, significantly higher than the prior year's $415 million. Adjusted EBITDA also saw substantial growth, rising to $1.05 billion, driven by revenue increases and partially offset by higher expenses.

• Revenues increased by 11% to $3.56 billion compared to the prior year quarter.
• Net income increased to $832 million, up from $415 million in the prior year quarter.

Eversource Energy reported a net loss of $(118.1) million, or $(0.33) per share, for Q3 2024, compared to earnings of $339.7 million, or $0.97 per share, for Q3 2023. However, non-GAAP recurring earnings increased to $405.9 million, or $1.13 per share. The company is updating its 2024 non-GAAP recurring earnings projection to a range of $4.52 per share and $4.60 per share.

• Eversource Energy reported a net loss of $(118.1) million, or $(0.33) per share for the third quarter of 2024.
• Non-GAAP recurring earnings were $405.9 million, or $1.13 per share in the third quarter of 2024, compared to $339.7 million, or $0.97 per share, for the third quarter of 2023.

Loews Corporation reported a net income of $401 million, or $1.82 per share, for the third quarter of 2024, compared to $253 million, or $1.12 per share, in the third quarter of 2023. The increase was primarily due to improvements at CNA, Boardwalk Pipelines, and parent company investment income, offset by a decrease at Loews Hotels.

• Loews Corporation reported net income of $401 million, or $1.82 per share, in Q3 2024, compared to $253 million, or $1.12 per share, in Q3 2023.
• CNA Financial Corporation’s net income attributable to Loews improved year-over-year due to higher net investment income partially offset by higher catastrophe losses.

Corebridge Financial reported a net loss of $1.2 billion, primarily due to realized losses from the Fortitude Re funds withheld embedded derivative. However, the company grew operating earnings per share by 31% year over year to $1.38 and returned $848 million to shareholders through dividends and share repurchases. Premiums and deposits increased by 5% to $9.6 billion.

• Net loss of $1.2 billion, or $2.02 per share, largely a result of realized losses primarily driven by the Fortitude Re funds withheld embedded derivative.
• Adjusted after-tax operating income of $810 million and operating EPS of $1.38 per share.

Yum China reported strong Q3 2024 results with a 4% increase in total system sales, driven by net new unit contribution. Total revenues increased by 5% to $3.07 billion. Diluted EPS grew by 33% year over year. The company opened 438 net new stores and is stepping up capital returns to shareholders by 50% to $4.5 billion for 2024-2026.

• Total system sales grew 4% year over year, excluding foreign currency translation, primarily due to 7% net new unit contribution.
• Total revenues increased 5% year over year to $3.07 billion, an all-time quarter high.

Hologic reported a strong fiscal fourth quarter in 2024, with a 4.5% increase in revenue to $987.9 million. GAAP diluted EPS was $0.76, and non-GAAP diluted EPS was $1.01. The company expects strong execution of its broad-based growth strategy in fiscal 2025.

• Revenue increased by 4.5% to $987.9 million.
• Diagnostics revenue increased 6.5%, driven by higher Molecular Diagnostics sales.

Revvity announced financial results for the third quarter ended September 29, 2024, with GAAP revenue of $684 million and GAAP EPS of $0.77. The company's adjusted EPS from continuing operations was $1.28. Revvity raised its full year 2024 adjusted EPS guidance and authorized a new $1 billion share repurchase program.

• Revenue of $684 million; 2% reported growth; 2% organic growth
• GAAP EPS of $0.77

Entegris reported a decrease in net sales of 9% year-over-year, with a reported revenue of $808 million. However, adjusted net sales, excluding divestitures, increased by 7% from the prior year. The company's GAAP diluted EPS was $0.51, and non-GAAP diluted EPS was $0.77.

• Net sales (as reported) were $808 million, a decrease of 9% from the prior year.
• Adjusted net sales (excluding the impact of divestitures) increased 7% from the prior year.

CNA Financial announced strong Q3 2024 results, with net income increasing by 10% to $283 million and core income rising to $293 million. The P&C segment faced challenges from higher catastrophe losses, while the Life & Group segment improved due to higher investment income. Net investment income increased by 13% to $626 million.

• Net income increased by 10% to $283 million, with earnings per share (EPS) at $1.04.
• Core income rose to $293 million, or $1.08 per share.

Franklin Resources reported a net loss of $84.7 million for Q4 2024, compared to a net income of $295.5 million in the same quarter last year. However, the company's AUM reached a record $1.6786 trillion, driven by a market rally and positive flows in alternative and multi-asset investment strategies. The acquisition of Putnam Investments has exceeded expectations, contributing to AUM growth and cost savings.

• Net loss of $84.7 million, or $0.19 per diluted share, compared to net income of $295.5 million, or $0.58 per diluted share, in Q4 2023.
• Adjusted net income was $315.2 million, or $0.59 per diluted share, compared to $427.0 million, or $0.84 per diluted share, in Q4 2023.

BWX Technologies reported a strong third quarter with revenues of $672.0 million and net income of $69.6 million. The company raised its 2024 non-GAAP EPS guidance to approximately $3.20 and provided preliminary 2025 guidance for revenue, non-GAAP EPS, and adjusted EBITDA to grow mid-to-high-single-digits, with free cash flow growth sustained at 10% or higher.

• 3Q24 revenues reached $672.0 million.
• 3Q24 net income was $69.6 million, with adjusted EBITDA at $127.0 million.

Essential Utilities reported a net income of $69.4 million, or $0.25 per share, for the third quarter of 2024. Revenues increased by approximately 6% to $435.3 million. The company has reinstated multi-year earnings guidance with a compounded annual EPS growth rate of 5-7% through 2027.

• Net income was $69.4 million, or $0.25 per share, for Q3 2024.
• Revenues for the quarter were $435.3 million, a 6% increase compared to Q3 2023.

Wynn Resorts reported Q3 2024 operating revenues of $1.69 billion, a slight increase from $1.67 billion in Q3 2023. The net loss attributable to Wynn Resorts was $32.1 million, an improvement from the $116.7 million loss in the same quarter last year. Adjusted Property EBITDAR was $527.7 million, slightly lower than the $530.4 million reported in Q3 2023.

• Operating revenues increased to $1.69 billion, up from $1.67 billion in the third quarter of 2023.
• Net loss attributable to Wynn Resorts was $32.1 million, compared to a net loss of $116.7 million in the third quarter of 2023.

The New York Times Company reported a strong third quarter, marked by a significant increase in digital-only subscribers and a rise in total revenue. The company surpassed 11 million total subscribers, driven by growth in both digital subscribers and ARPU, leading to a 14.2% increase in digital subscription revenues. Digital advertising revenues also saw an increase of 8.8% year-over-year.

• Added approximately 260,000 net digital-only subscribers, reaching a total of 11.09 million.
• Total digital-only ARPU increased 1.8% year-over-year to $9.45.

Glaukos Corporation reported record net sales of $96.7 million for the third quarter of 2024, a 24% increase year-over-year. The company's glaucoma sales reached $76.0 million, up 30% year-over-year, while corneal health sales increased by 5% to $20.6 million. The company raised its 2024 net sales guidance to $377 million to $379 million.

• Record net sales of $96.7 million, a 24% increase year-over-year.
• Glaucoma net sales reached a record $76.0 million, up 30% year-over-year.

Vornado Realty Trust reported a net loss attributable to common shareholders for the quarter ended September 30, 2024. However, Funds From Operations (FFO) attributable to common shareholders plus assumed conversions, as adjusted, was positive, although lower than the prior year's quarter.

• Net loss attributable to common shareholders was $19.154 million, or $0.10 per diluted share.
• FFO attributable to common shareholders plus assumed conversions was $99.256 million, or $0.50 per diluted share.

Freshpet's Q3 2024 results showcased a 26.3% increase in net sales, reaching $253.4 million, alongside a net income of $11.9 million, a notable improvement from the previous year's net loss. The company's strong operating performance led to margin expansion and increased cash generation, prompting an upward revision of its 2024 net sales and Adjusted EBITDA guidance.

• Net sales increased by 26.3% to $253.4 million.
• Net income was $11.9 million, a significant turnaround from the prior year's $7.2 million net loss.

Lattice Semiconductor reported Q3 2024 revenue of $127.1 million. The company's GAAP gross margin was 69.0%, with a GAAP net income of $0.05 per diluted share. A one-time GAAP-only charge of $6.5 million was included due to spending reductions, which are expected to result in a 14% workforce reduction and a 14% reduction in non-headcount operating expenses.

• Q3 2024 revenue reached $127.1 million.
• GAAP gross margin was reported at 69.0%.

Fabrinet reported record revenue of $804 million for the first quarter of fiscal year 2025, a 17% increase year-over-year. GAAP net income was $77.4 million, or $2.13 per diluted share, while non-GAAP net income was $86.9 million, or $2.39 per diluted share.

• Record revenue of $804 million, a 17% increase year-over-year.
• Revenue growth seen in every product area, including telecom.

Bright Horizons reported an 11% increase in revenue to $719 million for Q3 2024, driven by enrollment gains and tuition price increases in their centers, as well as increased utilization of back-up care services. Net income increased by 37% to $55 million, and diluted earnings per share increased by 36% to $0.94.

• Revenue increased by 11% to $719 million compared to Q3 2023.
• Income from operations increased by 34% to $89 million compared to Q3 2023.

Voya Financial announced its third-quarter 2024 financial results, with net income available to common shareholders at $98 million, or $0.98 per diluted share, and after-tax adjusted operating earnings of $190 million, or $1.90 per diluted share. The company is focused on improving profitability in Health Solutions through rate increases and expanding its market position with the acquisition of OneAmerica Financial's retirement plan business.

• Net income available to common shareholders was $98 million, or $0.98 per diluted share.
• After-tax adjusted operating earnings reached $190 million, or $1.90 per diluted share.

Hims & Hers Health, Inc. reported a strong third quarter in 2024 with revenue of $401.6 million, up 77% year-over-year. The company achieved a net income of $75.6 million and Adjusted EBITDA of $51.1 million. Subscriber base grew to 2.0 million, a 44% increase year-over-year. The company also raised its full year 2024 revenue guidance to a range of $1.460 billion to $1.465 billion and Adjusted EBITDA guidance to a range of $173 million to $178 million.

• Revenue increased by 77% year-over-year, reaching $401.6 million in Q3 2024.
• Net income was $75.6 million, including a $60.8 million tax benefit.

TPG reported Q3 2024 results with $239 billion in assets under management, a 76% increase year-over-year. The firm deployed nearly $23 billion of capital, generated realizations of almost $16 billion, and raised more than $21 billion across its strategies through the first three quarters of the year. GAAP net income attributable to TPG Inc. was $9 million, with basic net income per share of $0.04. Fee-Related Earnings increased by 22% year-over-year to $191 million, resulting in a Fee-Related Earnings margin of 41%. After-tax Distributable Earnings were $189 million, or $0.45 per share.

• Total assets under management reached $239 billion, a 76% increase compared to the previous year.
• GAAP net income attributable to TPG Inc. was $9 million, with basic net income per share of $0.04.

MGIC Investment Corporation reported a net income of $200.0 million for the third quarter of 2024, resulting in $0.77 per diluted share. The adjusted net operating income was $200.7 million, also equating to $0.77 per diluted share. The company achieved a 15.6% return on equity.

• Net income for Q3 2024 was $200.0 million, or $0.77 per diluted share.
• Adjusted net operating income (Non-GAAP) for Q3 2024 was $200.7 million, or $0.77 per diluted share.

Ryman Hospitality Properties reported record third quarter results, with revenue reaching $550.0 million and net income at $60.4 million. The company's performance was bolstered by record revenues in both its Hospitality and Entertainment segments. However, they revised its full year 2024 guidance, including lowering its same-store Hospitality RevPAR and Total RevPAR growth, as well as consolidated operating income and Adjusted EBITDAre, to account for continued leisure transient softness in Nashville and Orlando, disruption from Hurricane Milton and incremental disruption from capital investment projects underway.

• Generated record third quarter net income of $60.4 million.
• Achieved record third quarter consolidated Adjusted EBITDAre of $174.8 million.

Knife River Corporation reported record third-quarter revenue of $1.1 billion, a 1% increase year-over-year, driven by price increases in aggregates and ready-mix product lines and increased contracting services revenues. Net income also reached a record $148.1 million, up from $146.7 million in the prior year. The company narrowed its full-year guidance for 2024 revenue to between $2.85 billion and $2.95 billion, and adjusted EBITDA to between $445 million and $465 million.

• Achieved record third-quarter revenue, gross profit, and net income.
• Geographic segments contributed record EBITDA of $224.6 million, a 6% increase year-over-year.

AMG reported EPS of $3.78 and Economic EPS of $4.82 for Q3 2024. The company's net income was $124 million, and Economic Net Income was $153 million. AMG repurchased $103 million in common stock during the quarter and $580 million year-to-date. Dedicated private markets Affiliates raised approximately $7 billion in the quarter.

• Economic Earnings per share increased 18% year-over-year.
• Private markets Affiliates raised approximately $7 billion in the quarter.

Inspire Medical Systems reported a 33% year-over-year revenue increase to $203.2 million and earnings per share of $0.60 in the third quarter of 2024. The company is increasing its full year revenue guidance to $793 million to $798 million and raising its full year earnings per share guidance to $1.20 to $1.40.

• Generated revenue of $203.2 million, a 33% increase year-over-year.
• Achieved a gross margin of 84.1%.

GXO Logistics reported a record third-quarter revenue of $3.2 billion, a 28% increase year-over-year, with organic revenue growth of 3%. The company signed $226 million in new business wins, bringing the year-to-date total to $750 million. GXO reaffirmed its full-year 2024 guidance.

• Revenue increased 28% year-over-year to $3.2 billion, marking the highest-ever quarterly revenue.
• Organic revenue grew by 3%.

Cirrus Logic reported record revenue and earnings per share driven by strong demand for smartphone products. The company also secured new design wins in the laptop market and began shipping its first power product.

• Revenue reached $541.9 million.
• GAAP gross margin was 52.2 percent.

Intapp reported a 17% year-over-year increase in total revenue, reaching $118.8 million. SaaS revenue grew by 30% year-over-year to $76.9 million, and cloud ARR increased by 27% year-over-year to $309.1 million. The company's GAAP operating loss improved to $(7.3) million, and non-GAAP operating income rose to $15.1 million.

• SaaS revenue increased by 30% year-over-year, totaling $76.9 million.
• Total revenue reached $118.8 million, a 17% increase year-over-year.

TG Therapeutics reported a successful third quarter in 2024, driven by strong U.S. BRIUMVI net revenue of $83.3 million. The company raised its full-year 2024 U.S. BRIUMVI net revenue target to $300 - $305 million and continues to advance its clinical programs.

• BRIUMVI U.S. net product revenue reached $83.3 million in Q3 2024, reflecting approximately 15% quarter-over-quarter growth and over 230% growth from the same quarter last year.
• The company raised its full-year 2024 U.S. BRIUMVI net revenue target to $300 to $305 million.

Boise Cascade reported a net income of $91.0 million, or $2.33 per share, on sales of $1.7 billion for the third quarter ended September 30, 2024. This compares to a net income of $143.1 million, or $3.58 per share, on sales of $1.8 billion for the third quarter ended September 30, 2023.

• Delivered good financial results in a moderate demand environment.
• Continued progress on key strategic investment initiatives.

Cleveland-Cliffs reported third-quarter 2024 results with revenues of $4.6 billion and a GAAP net loss of $230 million. The company faced challenges due to weaker demand and pricing, particularly in the automotive sector. However, cost reduction targets were exceeded, and the acquisition of Stelco is expected to provide resilience and cost advantages.

• Revenues reached $4.6 billion.
• Steel shipments amounted to 3.8 million net tons.

Viper Energy reported a solid third quarter in 2024, marked by increased production, strategic acquisitions including the Tumbleweed Acquisitions, and a strong free cash flow conversion despite commodity price volatility. The company's average production was 49,370 boe/d, and it declared a total base-plus-variable dividend of $0.61 per Class A common share.

• Average production increased by 2.4% from the previous quarter to 49,370 boe/d.
• Net income attributable to Viper Energy, Inc. was $48.9 million, or $0.52 per common share.

Cabot Corporation reported a solid fourth quarter with an Adjusted EPS of $1.80, representing a 9% increase compared to the same quarter in the prior year. The company's strong Adjusted EPS results of $7.06 for the fiscal year, a 31% increase over fiscal 2023, were driven by EBIT growth in both segments. Strong operating performance resulted in $692 million in operating cash flow, enabling continued capital allocation priorities.

• Fourth Quarter Diluted EPS of $2.43 and Adjusted EPS of $1.80, a 9% increase in Adjusted EPS compared to the prior year, benefiting from a lower operating tax rate.
• Cash Flows from Operations of $204 million supported the return of $90 million of cash to shareholders through share repurchases and dividends.

Krystal Biotech reported a net product revenue of $83.8 million for Q3 2024 and $250.1 million since the launch of VYJUVEK in August 2023. The company is progressing with its B-VEC filings in Japan and Europe, with commercial launches expected in 2025. A strong cash position of $694.2 million was maintained at the end of the quarter.

• Net product revenue reached $83.8 million in Q3 2024.
• JNDA for B-VEC was filed, targeting commercial launches in Japan and Europe in 2025.

Verona Pharma reported Q3 net sales of $5.6 million for Ohtuvayre. The company initiated two Phase 2 clinical trials and cash and cash equivalents were $336.0 million as of September 30, 2024.

• Ohtuvayre launch recorded Q3 net sales of $5.6 million.
• October net sales exceeded Q3 sales.

Sensata Technologies reported a revenue of $982.8 million for Q3 2024, a decrease of 1.8% compared to Q3 2023. The company's adjusted EPS was $0.86, a decrease of 5.5% compared to the previous year. Sensata generated free cash flow of $91.3 million and ended the quarter with $506.2 million of cash on hand.

• Revenue was $982.8 million, a decrease of 1.8% compared to Q3 2023.
• Operating loss was $199.2 million, compared to operating income of $116.3 million in Q3 2023.

Sanmina reported solid momentum in Q4 2024, with revenue up 9.6 percent sequentially and non-GAAP diluted earnings per share up 14.3 percent over the prior quarter. The company saw growth primarily in communications networks and cloud infrastructure. Fiscal year 2024 results were in line with expectations, with a solid year of cash flow from operations and the repurchase of 4 million shares.

• Q4 revenue reached $2.02 billion.
• GAAP operating margin was 4.4%.

ONE Gas reported a net income of $19.3 million for the third quarter of 2024, with earnings per diluted share at $0.34. The company raised and narrowed its 2024 diluted earnings per share guidance to a range of $3.85 to $3.95. Operating income increased to $59.5 million, driven by new rates, while capital expenditures rose to $197.7 million.

• Net income for the third quarter was $19.3 million, or $0.34 per diluted share.
• The Company raised and tightened 2024 diluted earnings per share guidance to a range of $3.85 to $3.95.

Apple Hospitality REIT reported strong operating performance for the third quarter ended September 30, 2024. Comparable Hotels RevPAR increased by approximately 1% compared to the third quarter of 2023. The Company strategically acquired two hotels for $196 million, sold three hotels for $41 million, and repurchased 2.4 million common shares for $35 million.

• Comparable Hotels RevPAR grew by approximately 1% compared to Q3 2023.
• Comparable Hotels ADR was $163, about 1% higher than Q3 2023.

Primoris Services Corporation reported strong third-quarter results, with revenue reaching $1,649.1 million, a 7.8% increase compared to the same period in 2023. Net income rose to $58.4 million, or $1.07 per diluted share, and backlog hit a record $11.3 billion. The company is raising its EPS guidance and increased its quarterly cash dividend.

• Revenue increased by 7.8% to $1,649.1 million, driven by both the Energy and Utilities segments.
• Net income increased to $58.4 million, or $1.07 per diluted share.

DigitalOcean announced its Q3 2024 financial results, reporting a 12% year-over-year revenue increase to $198 million. The company's net income was $33 million, representing a 17% margin, and adjusted EBITDA reached $87 million, a 44% margin. DigitalOcean raised its full-year revenue guidance while maintaining its free cash flow margin guidance.

• Revenue increased by 12% year-over-year, reaching $198 million.
• ARR increased by 12% year-over-year, ending the quarter at $798 million.

Otter Tail Corporation reported a decrease in diluted earnings per share by 7% to $2.03 compared to Q3 2023, but increased its 2024 earnings guidance by $0.15 to $7.07 per share. The electric segment saw a 16% increase in earnings, while the plastics segment decreased by 8% and the manufacturing segment decreased by 71%.

• 2024 earnings guidance increased $0.15 to $7.07 per share.
• Diluted earnings per share decreased 7% to $2.03 compared to Q3 2023.

Cushman & Wakefield reported a 3% increase in revenue to $2.3 billion and a net income of $33.7 million for the third quarter of 2024, compared to a net loss of $33.9 million in the same quarter of the previous year. The company's performance was driven by strong leasing revenue growth, particularly in the Americas and APAC regions.

• Revenue increased by 3% compared to the third quarter of 2023, reaching $2.3 billion.
• Net income increased by $67.6 million compared to the third quarter of 2023, totaling $33.7 million.

Teradata reported its Q3 2024 financial results, with a 26% increase in public cloud ARR, reaching $570 million. GAAP EPS increased by 175% year-over-year to $0.33, and non-GAAP EPS increased by 64% to $0.69. The company is focused on accelerating growth and improving execution.

• Public cloud ARR increased by 26% year-over-year, reaching $570 million.
• Cloud net expansion rate was 120%.

Chemours reported third quarter 2024 results with net sales of $1.5 billion, in line with the prior-year quarter. Net loss attributable to Chemours was $27 million, or $0.18 per diluted share. Adjusted net income was $61 million, or $0.40 per diluted share. Adjusted EBITDA was $208 million. The company also outlined a refreshed corporate strategy focused on sustainable growth and long-term value creation.

• Net Sales of $1.5 billion, in line with the corresponding prior-year quarter, with TSS achieving record third quarter Net Sales, driven by year-over-year growth of 21% in Opteon™ Refrigerants.
• Net Loss attributable to Chemours of $27 million or $0.18 per diluted share reflecting a non-cash impairment charge of $56 million, compared with a Net Income attributable to Chemours of $12 million, or $0.08 per diluted share, in the corresponding prior-year quarter.

The Baldwin Group announced strong third-quarter results, with an 11% increase in total revenue to $338.9 million and a 14% growth in adjusted EBITDA. The company highlighted its resilient business model and focus on operational efficiency.

• Total revenue increased by 11% year-over-year, reaching $338.9 million.
• Organic revenue growth was 14% year-over-year.

Palomar Holdings reported a net income of $30.5 million for Q3 2024, with adjusted net income increasing by 39.3% to $32.4 million. The company experienced a 32.2% increase in gross written premiums, driven by growth in Earthquake, Casualty, and Crop products. The adjusted combined ratio was 77.1%, and the adjusted return on equity was 21.0%.

• Gross written premiums increased by 32.2% to $415.0 million.
• Net income reached $30.5 million, compared to $18.4 million in the same quarter of the previous year.

Goodyear reported a net loss of $34 million for Q3 2024, but adjusted net income was $105 million. The company increased its Goodyear Forward gross run-rate gains target to $1.5 billion by the end of 2025 and raised its 2024 Goodyear Forward gross benefits guidance to $450 million.

• Goodyear reported a net loss of $34 million, or $0.12 per share, for the third quarter of 2024.
• Adjusted net income for the third quarter was $105 million, or $0.37 per share.

Addus HomeCare announced strong third-quarter results for 2024, with a 7.0% increase in net service revenues to $289.8 million and a net income of $20.2 million, or $1.10 per diluted share. Adjusted EBITDA increased by 11.1% to $34.3 million. The company's personal care business continues to be a key growth driver.

• Net service revenues increased by 7.0% to $289.8 million.
• Net income was reported at $20.2 million, or $1.10 per diluted share.

Clear Secure, Inc. reported strong Q3 2024 financial results, with revenue increasing by 23.7% to $198.4 million and total bookings growing by 18.7% to $227.5 million. The company saw growth in total cumulative enrollments and platform uses, as well as active CLEAR Plus members. CLEAR also focused on expanding its secure identity network through enterprise integrations and new product launches.

• Revenue increased by 23.7% to $198.4 million, and total bookings grew by 18.7% to $227.5 million.
• Total cumulative enrollments reached 26.5 million, driven by growth in CLEAR Verified and CLEAR Plus enrollments.

Supernus Pharmaceuticals reported a 14% increase in total revenue for Q3 2024, driven by strong sales of Qelbree and GOCOVRI. Operating earnings significantly improved compared to the same period in the previous year. The company also announced positive topline data from its Phase 2a study of SPN-820 in major depressive disorder and initiated a Phase 1 study for SPN-443.

• Qelbree net sales increased by 68% compared to Q3 2023.
• GOCOVRI net sales increased by 8% compared to Q3 2023.

Farmer Mac reported a strong third quarter in 2024, marked by solid financial performance and strategic growth. The company provided $2.0 billion in liquidity to rural America, maintained a robust capital position, and saw growth across its loan portfolio.

• Provided $2.0 billion in liquidity and lending capacity to lenders serving rural America.
• Net interest income was $86.8 million, compared to $87.6 million in third quarter 2023.

IDEAYA Biosciences reported its Q3 2024 financial results, highlighting a transformational quarter with significant clinical and corporate developments, including a successful FDA Type C meeting, a late-breaker oral presentation at ENA 2024, and the receipt of IND clearance for Werner Helicase inhibitor IDE275.

• Enrollment in darovasertib + crizotinib 1L HLA-A2+ MUM potential Ph2/3 registration-enabling trial is ahead of schedule and has exceeded 150 patients.
• IDEAYA is targeting initiation of Ph3 registration-enabling trial for darovasertib in neoadjuvant UM in H1 2025, following a successful FDA Type C meeting.

Integra LifeSciences reported a slight decrease in third-quarter revenue and a significant drop in GAAP and adjusted earnings per share compared to the previous year. The company is progressing with its compliance master plan and announced Mojdeh Poul as the next president and CEO.

• Third quarter revenues decreased 0.4% on a reported basis and 8.6% on an organic basis.
• GAAP earnings per diluted share were $(0.14), compared to $0.24 in the prior year; adjusted earnings per diluted share was $0.41, compared to $0.76 in the prior year.

Marqeta's Q3 2024 results showed strong growth with a 30% increase in Total Processing Volume (TPV) reaching $74 billion, and an 18% increase in Net Revenue to $128 million. Gross Profit also increased by 24% to $90 million. The company reported a GAAP Net Loss of $29 million, while Adjusted EBITDA stood at $9 million.

• Total Processing Volume (TPV) increased by 30% year-over-year, reaching $74 billion.
• Net Revenue increased by 18% year-over-year to $128 million.

HighPeak Energy reported a positive third quarter in 2024, marked by increased production, positive free cash flow, and debt reduction. The company's well performance led to an increase in full-year production guidance, and operations teams tightened costs, resulting in capital and operating efficiencies.

• Sales volumes averaged 51,346 Boe/d, consisting of 88% liquids, a 6% increase over the second quarter 2024.
• Net income was $49.9 million, or $0.35 per diluted share, and EBITDAX was $214.3 million, or $1.51 per diluted share.

BioCryst Pharmaceuticals reported a successful third quarter in 2024, marked by a 35.1% increase in total revenues to $117.1 million. The company saw significant growth in ORLADEYO net revenue, reaching $116.3 million, and achieved GAAP operating profit of $7.7 million. The company has adjusted its full-year 2024 ORLADEYO revenue guidance to $430-$435 million and introduced total product revenue guidance of $443-$448 million.

• ORLADEYO net revenue reached $116.3 million, a 35.7% increase year-over-year.
• Full-year 2024 ORLADEYO revenue guidance adjusted to $430-$435 million.

DXP Enterprises reported excellent third quarter financial results with solid sales, adjusted EBITDA, earnings per share, and free cash flow. The company achieved a 6.1 percent sequential sales increase and an 11.1 percent Adjusted EBITDA margin. DXP also completed five acquisitions through Q3.

• Sales increased 6.1 percent sequentially to $472.9 million.
• Net income for the third quarter was $21.1 million.

Extracted financial data and definitions from the provided glossary of terms. The document defines key metrics used by the company to evaluate performance and establish targets.

• The company uses both GAAP and non-GAAP measures to assess its financial performance.
• Non-GAAP measures exclude certain items that can be significantly impacted by economic factors.

Bowlero Corp. reported a strong first quarter for fiscal year 2025, with revenue increasing by 14.4% to $260.2 million and net income rising to $23.1 million. The company's growth was driven by increased customer spending on food, beverage, and experiential offerings, as well as strategic acquisitions and new builds. Bowlero is increasing the low end of its total revenue guidance for fiscal year 2025 by $10 million.

• Revenue increased 14.4% to $260.2 million year-over-year.
• Total Location Revenue increased 17.5% versus the prior year.

The Andersons, Inc. reported a net income attributable to the company of $27 million, or $0.80 per diluted share, and adjusted net income of $25 million, or $0.72 per diluted share. Adjusted EBITDA was $97 million, a record for the third quarter. Renewables reported a best-ever third quarter pretax income of $53 million, while Trade generated increased year-over-year pretax income of $26 million.

• Net income attributable to The Andersons was $27 million, or $0.80 per diluted share.
• Adjusted net income was $25 million, or $0.72 per diluted share.

Altice USA reported a 3.9% year-over-year decrease in total revenue to $2.2 billion for Q3 2024. Net loss attributable to stockholders was $43.0 million, or $(0.09) per share. The company saw strong growth in fiber and mobile, but experienced broadband customer losses. A transformation plan was unveiled to improve free cash flow.

• Fiber customer growth continued with +47k net additions; fiber penetration reached 16.6%.
• Mobile line net additions of +36k, representing the highest mobile line net adds in four years.

Eve Air Mobility reported a net loss of $35.8 million in Q3 2024, which increased compared to a net loss of $31.2 million in Q3 2023. The increase was due to higher Research & Development (R&D) and Selling, General & Administrative (SG&A) expenses. Eve's total cash used by operations and capital expenditures in 3Q24 was $34.0 million. Cash, Cash Equivalents and Financial Investments totaled $279.8 million at the end of 3Q24.

• Net loss increased due to higher Research & Development and Selling, General & Administrative expenses.
• Engineering team continues to make significant progress with the development of eVTOL.

QuinStreet reported record quarterly revenue of $279 million, a 125% increase year-over-year, driven by strong growth in auto insurance and home services. The company's GAAP loss was $1.4 million, or $(0.02) per diluted share, while adjusted net income was $12.5 million, or $0.22 per diluted share. Adjusted EBITDA for the quarter was $20.3 million.

• Record quarterly revenue of $279 million, up 125% YoY.
• Record auto insurance quarterly revenue, up 664% YoY.

Elme Communities reported financial and operating results for the quarter ended September 30, 2024. The company experienced solid demand in its Washington Metro portfolio, with a sequential improvement in same-store occupancy. However, progress on reducing bad debt in the Atlanta portfolio was slower than anticipated.

• Net loss was $3.0 million, or $0.03 per diluted share.
• NAREIT FFO was $20.5 million, or $0.23 per diluted share.

NAPCO Security Technologies reported a 6% increase in net sales, reaching a Q1 record of $44.0 million, and a 7% increase in net income, also a Q1 record, at $11.2 million. Recurring service revenues increased by 22% to $21.1 million, while adjusted EBITDA decreased by 4% to $12.3 million.

• Net sales increased by 6% to a record $44.0 million for Q1.
• Recurring service revenue increased by 22% to $21.1 million.

CareDx reported a strong third quarter with a 23% increase in total revenue year-over-year, reaching $82.9 million. The company achieved positive adjusted EBITDA for the second consecutive quarter and raised its full year revenue guidance to $327 to $331 million.

• Total revenue increased by 23% year-over-year, reaching $82.9 million.
• Testing Services volume increased by 16% year-over-year, with 44,600 tests performed.

NETSTREIT Corp. reported a net loss of $(0.07) per diluted share for Q3 2024, but achieved record gross investment activity of $151.6 million at a 7.5% blended cash yield. The company maintained its 2024 AFFO per share guidance midpoint.

• Highest quarterly investment activity in company history with $151.6 million in gross investments.
• Blended cash yield of 7.5% on recent investments.

Owens & Minor reported a 5% increase in consolidated revenue, reaching $2.7 billion. The company experienced a GAAP net loss of $(13) million, but achieved an adjusted EPS of $0.42. Adjusted EBITDA grew by 5% to $142 million, and total debt was reduced by $198 million.

• Consolidated revenue increased by 5% year-over-year, reaching $2.7 billion.
• GAAP Net loss was $(13) million, with adjusted earnings per share at $0.42.

Vimeo reported a slight increase in bookings year-over-year and generated $105 million in revenue for Q3 2024. Vimeo Enterprise revenue grew by 42%, reaching $100 million in annualized bookings, with ARPU increasing by 11% year-over-year. The company generated net income of $9 million and Free Cash Flow of $21 million.

• Vimeo Enterprise grew revenue by 42% and reached $100 million in annualized bookings.
• Pipeline for Vimeo Enterprise grew both sequentially and versus last year, with ARPU increased 11% year-over-year to over $23 thousand.

Franklin BSP Realty Trust reported a GAAP net income of $30.2 million and EPS of $0.30 for the third quarter of 2024. The company closed $380 million of new loan commitments and funded $325 million of principal balance. Total liquidity reached $1.1 billion, including $346 million in cash and cash equivalents.

• Core portfolio principal balance of $5.2 billion as of September 30, 2024, comprising 157 loans with an average size of $33 million.
• Closed $380 million in new loan commitments with a weighted average spread of 421 basis points.

Alpha and Omega Semiconductor's fiscal Q1 2025 results were in line with revenue and EPS guidance, driven by sequential growth in major segments. Revenue increased by 12.8% from the prior quarter and 0.7% from the same quarter last year, reaching $181.9 million. The company reported a GAAP gross margin of 24.5% and a GAAP operating loss of $0.3 million, while non-GAAP operating income was $7.8 million.

• Revenue was $181.9 million, up 12.8% sequentially and 0.7% year-over-year.
• GAAP gross margin was 24.5%, down from both the previous quarter and the same quarter last year.

TriMas reported a net sales decrease of 2.5% to $229.4 million in Q3 2024, with operating profit at $8.3 million and net income at $2.5 million, or $0.06 per diluted share. Adjusted diluted earnings per share was $0.43. The company reaffirms its full year 2024 adjusted diluted earnings per share guidance in the range of $1.70 to $1.90.

• Core sales growth achieved within Packaging and Aerospace segments of 12.3% and 4.8%, respectively.
• Sales recovery experienced in beauty & personal care and industrial packaging end markets.

Armada Hoffler Properties, Inc. announced its Q3 2024 results, reporting a net loss attributable to common stockholders of $10.4 million, or $0.11 per diluted share. However, normalized funds from operations (FFO) increased to $31.4 million, or $0.35 per diluted share, compared to $27.7 million, or $0.31 per diluted share, for the three months ended September 30, 2023. The company narrowed its full-year Normalized FFO guidance range to $1.25 to $1.27 per diluted share.

• Net loss attributable to common stockholders was $10.4 million, or $0.11 per diluted share.
• Normalized FFO increased to $31.4 million, or $0.35 per diluted share.

The RealReal announced Q3 2024 results with a revenue of $148 million, up 11% year-over-year. Net loss improved by $5 million year-over-year to $(18) million, and adjusted EBITDA increased by $9 million year-over-year to $2.3 million. The company raised its full year outlook.

• GMV was $433 million, an increase of 6% compared to the same period in 2023.
• Total Revenue was $148 million, an increase of 11% compared to the same period in 2023.

AbCellera reported total revenue of $6.5 million, a net loss of $51.1 million, and continued investment in research and development. The company also expanded its collaboration with Eli Lilly and Company and maintained a strong liquidity position with over $875 million available.

• Expanded collaboration with Eli Lilly and Company.
• Reported 95 partner-initiated program starts with downstreams.

Par Pacific reported a challenging third quarter due to a tough summer refining margin environment, but refining system throughput set a quarterly record, and retail and logistics segments delivered strong results.

• Net Income was $7.5 million, or $0.13 per diluted share.
• Adjusted Net Loss was $(5.5) million, or $(0.10) per diluted share.

Heidrick & Struggles reported a 5.9% increase in net revenue to $278.6 million in Q3 2024, with growth in On-Demand Talent, Heidrick Consulting, and Executive Search. Adjusted EBITDA was $30.4 million with a margin of 10.9%. Diluted EPS was $0.71.

• Net revenue increased by 5.9% year-over-year to $278.6 million.
• Adjusted EBITDA reached $30.4 million with a margin of 10.9%.

Ichor Holdings reported Q3 2024 financial results with revenues above the guidance range at $211 million. The company achieved a GAAP EPS of $(0.08) and a non-GAAP EPS of $0.12. They also saw strengthening customer demand and progress in increasing proprietary content.

• Revenues of $211 million, exceeded the guidance range communicated in August.
• GAAP gross margin was 13.2% and non-GAAP gross margin was 13.6%.

Solaris Energy Infrastructure reported revenue of $75 million for Q3 2024, an 8% increase compared to Q3 2023. The company's net loss was $2 million, or ($0.04) per diluted Class A share. Adjusted pro forma net income was $4 million, or $0.08 per fully diluted share.

• Revenue reached $75 million.
• Net loss was $2 million, with a loss of ($0.04) per diluted Class A share.

PRA Group reported strong Q3 2024 financial results with increased cash collections, robust portfolio buying, significant revenue increases, and solid net income. The company invested $350 million in portfolios, achieving a record ERC of $7.3 billion. Cash collections grew 14% year-over-year. The company is on track to exceed its 2024 targets and announced 2025 targets.

• Net income attributable to PRA Group, Inc. was $27.2 million, or diluted earnings per share of $0.69, including a tax benefit item of $7.7 million, or $0.20 per share.
• Total portfolio purchases were $350.0 million.

The Hackett Group reported solid operating results for Q3 2024, exceeding revenue and EPS guidance. The company's strategic move to acquire LeewayHertz, a Gen AI consulting and implementation firm, positions them to capitalize on the rapidly emerging Gen AI sector.

• Total revenue reached $79.8 million, with revenue before reimbursements at $77.9 million, surpassing the high end of guidance.
• GAAP diluted earnings per share were $0.31, compared to $0.34 in Q3 2023, impacted by non-cash stock compensation expenses.

JELD-WEN's Q3 2024 net revenues decreased by 13.2% to $934.7 million, driven by a decline in Core Revenue. The company reported a net loss of $73.0 million, or ($0.86) per share, compared to a net income of $16.9 million, or $0.20 per share, in the same quarter last year. Adjusted EBITDA was $81.6 million, a decrease of ($24.1) million year-over-year.

• Net revenues decreased by (13.2%) due to a (13%) decline in Core Revenue.
• Net loss was ($73.0) million, or ($0.86) per share, compared to net income of $16.9 million, or $0.20 per share, last year.

Aris Water Solutions reported an exceptional third quarter with increased produced water and recycled water volumes. The company achieved net income of $16.4 million, a 34% increase year-over-year, and generated Adjusted EBITDA of $54.3 million, up 21% year-over-year. The company also increased its 2024 Adjusted EBITDA outlook to $208 to $212 million.

• Produced water volumes increased 2% sequentially and 6% year-over-year.
• Recycled water volumes increased 25% sequentially and 16% year-over-year.

Castle Biosciences reported strong Q3 2024 results, with a 39% increase in revenue compared to Q3 2023, reaching $85.8 million. The company also saw a 41% increase in total test reports delivered. As a result of this strong performance, Castle Biosciences raised its full-year 2024 revenue guidance to $320-330 million.

• Q3 2024 revenue increased 39% over Q3 2023 to $86 million.
• Q3 2024 total test reports increased 41% over Q3 2023.

EverQuote announced record third-quarter results, with revenue exceeding 150% year-over-year growth to $144.5 million. The company delivered a net income of $11.6 million and an adjusted EBITDA of $18.8 million, benefiting from the auto industry recovery and strong execution.

• Total revenue increased by 163% to $144.5 million.
• Automotive insurance vertical revenue increased by 202% to $130.0 million, representing 90% of revenue.

SelectQuote reported a net loss of $44.5 million, which is higher compared to the previous year's net loss of $31.1 million. However, the company's revenue increased to $292.3 million from $232.7 million in the same quarter of the previous year.

• Revenue increased to $292.3 million.
• Net loss was $44.5 million.

Gladstone Commercial Corporation reported increased total operating revenue and net income for the third quarter ended September 30, 2024. Total operating revenue increased by 5.9% to $39.235 million, and net income increased significantly to $11.721 million. Core FFO available to common shareholders was $16.3 million, or $0.38 per share.

• Total operating revenue increased by 5.9% to $39.235 million.
• Net income increased to $11.721 million, or $0.20 per share.

Diversified Healthcare Trust announced its financial results for the quarter ended September 30, 2024. As of September 30, 2024, DHC’s approximately $7.2 billion portfolio included 368 properties in 36 states and Washington, D.C., occupied by approximately 500 tenants, and totaling approximately 8.2 million square feet of medical office and life science properties and more than 27,000 senior living units.

• Financial results announced for Q3 2024.
• Portfolio valued at approximately $7.2 billion as of September 30, 2024.

Crawford & Company's third quarter 2024 results showed consistent consolidated revenues compared to the previous year. Broadspire achieved a new quarterly revenue record, while International Operations experienced revenue growth and margin expansion. The North America Loss Adjusting and Platform Solutions segments were impacted by a benign weather environment.

• Consolidated third quarter revenues were consistent with the previous year.
• Broadspire achieved a new quarterly revenue record.

Navitas Semiconductor reported Q3 2024 revenue of $21.7 million, a slight decrease compared to Q3 2023. The company is implementing a cost-reduction plan expected to save $2 million per quarter and streamline the organization.

• Record sales achieved in the GaN mobile fast-charger market.
• New, low-voltage GaN technology expanded into 48V Al data center, EV, and robotics markets.

Clearwater Paper reported net sales from total operations of $644 million, up 24% from the third quarter of last year. Net income from total operations was $6 million, or $0.35 per diluted share, compared to $37 million, or $2.17 per diluted share in the third quarter of last year. Adjusted EBITDA from total operations was $64 million compared to $81 million in the third quarter of last year.

• Net sales from continuing operations were $393 million, up 41% from the third quarter of last year.
• Net sales from total operations were $644 million, up 24% from the third quarter of last year.

Ramaco Resources reported a net loss of $(0.2) million for Q3 2024, impacted by a decline in metallurgical coal indices. However, the company achieved record quarterly production and sales volumes while reducing non-GAAP cash costs per ton. Sales commitments for 2024 reached 4.1 million tons, and 2.7 million tons are already committed for 2025.

• Net loss of $(0.2) million, or $(0.03) per share, compared to a net income of $19.5 million in Q3 2023.
• Record quarterly production of 972,000 tons and sales of 1,023,000 tons.

Semler Scientific reported a decrease in revenue of 17% to $13.5 million, but net income increased by 2% to $5.6 million. The company's income from operations decreased by 20% to $5.1 million. The company purchased additional bitcoins, bringing its total holdings to 1,058.

• Revenue decreased by 17% to $13.5 million.
• Net income increased by 2% to $5.6 million.

Myers Industries reported net sales of $205.1 million, a 3.7% increase compared to the prior-year period. Adjusted EBITDA was $30.7 million, up from $25.6 million. The company is targeting an additional $15 million of annualized run rate cost savings by 2025 and revised its full-year adjusted earnings per share guidance to $0.92 - $1.02.

• Net sales increased by 3.7% to $205.1 million, driven by the Signature Systems acquisition.
• Adjusted EBITDA rose to $30.7 million, compared to $25.6 million in the prior year.

Tactile Systems Technology reported a 5% increase in total revenue to $73.1 million for Q3 2024. The company saw improvements in profitability and authorized a share repurchase program of up to $30 million.

• Total revenue increased 5% year-over-year to $73.1 million.
• Lymphedema product revenue increased 4% over Q3 2023.

Diamond Hill Investment Group reported an increase in revenue and net income attributable to common shareholders for Q3 2024 compared to Q3 2023. AUM and AUA combined increased to $33.2 billion. The company returned approximately $7.5 million to its shareholders through share repurchases and dividends.

• Assets under management and assets under advisement combined were $33.2 billion, compared to $26.6 billion as of September 30, 2023.
• Revenue was $39.0 million, compared to $35.6 million for the third quarter of 2023.

WideOpenWest (WOW!) reported a decrease in total revenue and a net loss for Q3 2024, but the company saw an increase in adjusted EBITDA and continued growth in penetration rates within its expansion markets. The company also secured a new term loan to strengthen its balance sheet.

• Total revenue decreased by 8.7% to $158.0 million compared to Q3 2023.
• HSD revenue totaled $107.5 million, a decrease of 2.1% compared to Q3 2023.

8x8, Inc. reported financial results for the second quarter of fiscal year 2025. Total revenue was $181.0 million, and the GAAP operating income was $7.2 million. The company saw strong growth in usage revenue and acceleration in the sales of new products.

• Delivered service revenue of $175 million and total revenue of $181 million
• Sales of new products increased more than 60% year-over-year, led by AI-based solutions

Intrepid Potash, Inc. reported a 6% increase in sales to $57.5 million for Q3 2024, compared to $54.5 million in Q3 2023. The company's net loss narrowed to $1.8 million (or $0.14 per diluted share) from a net loss of $7.2 million (or $0.56 per diluted share) year-over-year. Adjusted EBITDA increased to $10.0 million, up from $2.2 million in the same period last year.

• Total sales increased to $57.5 million, up from $54.5 million in the third quarter of 2023.
• Net loss narrowed to $1.8 million (or $0.14 per diluted share), compared to a net loss of $7.2 million (or $0.56 per diluted share) in the third quarter of 2023.

Artesian Resources Corporation reported a strong third quarter in 2024, with a 9.7% increase in revenues to $29.1 million and a 34.4% increase in net income to $6.8 million, driven by higher water sales and effective expense management.

• Revenues increased by 9.7% to $29.1 million due to higher water sales and customer growth.
• Net income rose by 34.4% to $6.8 million compared to the same period last year.

Postal Realty Trust reported solid Q3 2024 results, marked by progress in re-leasing efforts and successful capital raising. The company acquired 35 USPS properties for $13.3 million and saw 21% of its portfolio benefit from rent escalations. Subsequent to quarter end, they increased term loan commitments by $50 million.

• Agreed to new rents on all 2023 & 2024 negotiated leases.
• Increased term loan commitments by $50 million.

Aquestive Therapeutics reported a 4% increase in total revenues to $13.5 million for the third quarter of 2024, driven by increases in license and royalty revenue, offset by decreases in manufacture and supply revenue. The company is advancing its key product candidates, Anaphylm and AQST-108, with pre-NDA and pre-IND meetings scheduled for the fourth quarter of 2024, respectively. Aquestive finished the quarter with approximately $78 million in cash and reaffirms its cash runway into 2026.

• Anaphylm™ (epinephrine) Sublingual Film pre-NDA meeting scheduled for fourth quarter 2024
• AQST-108 (epinephrine) Topical Gel pre-IND meeting scheduled for fourth quarter 2024

Hudson Technologies announced its Q3 2024 results, revealing that the company experienced continued pricing pressure for certain refrigerants throughout the cooling season. Despite near-term challenges, the company remains confident in its long-term growth strategy and the increasing demand for reclaimed refrigerants. They are adjusting the expectation for full year 2024 revenue to the low end of the previously provided guidance range, with a gross margin of approximately 28%.

• Third quarter results reflected continued pricing pressure for certain refrigerants.
• The company is confident in its long-term growth strategy to capitalize on the phasedown of HFC refrigerants.

PLAYSTUDIOS reported Q3 2024 results with revenue above consensus expectations at $71.2 million. The company experienced a net loss of $3.1 million, but AEBITDA margins increased to 20.5%. Strategic initiatives and a newly instituted reinvention program aim to improve profitability and long-term growth.

• Revenue was $71.2 million, compared to $75.9 million in Q3 2023.
• Net loss was $3.1 million, compared to a net loss of $3.8 million in Q3 2023.

Gran Tierra Energy Inc. announced its Q3 2024 results, highlighting a sixth consecutive oil discovery in Ecuador, cumulative production of over 1 million barrels of oil in Ecuador, and a 31% increase in funds flow from operations compared to the prior quarter. However, the company's net income decreased compared to the previous quarter and the same period last year.

• Achieved sixth consecutive oil discovery in Ecuador from the Charapa-B7 well.
• Generated $60 million in funds flow from operations, a 31% increase from the prior quarter.

Scripps reported a record $646 million in revenue for Q3 2024, driven by record political advertising revenue. Income attributable to shareholders was $33 million, or 37 cents per share. The company paid down $115 million of debt and expects full-year political advertising revenue to reach at least $340 million.

• Scripps' Local Media political advertising revenue was nearly 30% higher than the last presidential-election year.
• Record political advertising revenue translated to record third-quarter company revenue.

Medifast's Q3 2024 revenue decreased by 40.6% to $140.2 million compared to Q3 2023. The company reported a net income of $1.1 million, or $0.10 per diluted share, and a non-GAAP adjusted EPS of $0.35. The decline was primarily due to a decrease in active earning OPTAVIA coaches and lower coach productivity.

• Revenue decreased 40.6% to $140.2 million compared to the third quarter of 2023.
• Active earning OPTAVIA coaches decreased 36.3% to 30,000 compared to the third quarter of 2023.

DMC Global reported a net loss of $159.4 million, which included a $141.7 million non-cash goodwill impairment charge at Arcadia Products. Third quarter sales were $152.4 million, down 11% sequentially and year-over-year. Adjusted EBITDA attributable to DMC was $5.7 million, down 71% sequentially and down 77% vs. Q3 2023.

• Third quarter sales were $152.4 million, down 11% sequentially and year-over-year.
• Net loss, inclusive of a $141.7 million non-cash goodwill impairment charge at Arcadia Products, was $159.4 million.

Purple Innovation's third quarter revenue declined by 15.3% to $118.6 million, but the company saw improvements in profitability with adjusted gross margin increasing by 340bps and adjusted EBITDA loss narrowing to $(6.4) million. The restructuring plan is on track to deliver meaningful cost savings.

• Third quarter net revenue decreased by 15.3% to $118.6 million compared to the same period last year.
• GAAP gross margin was 29.7%, while adjusted gross margin improved to 40.5%, a 340bps increase year-over-year.

Editas Medicine reported a net loss of $62.1 million, or $0.75 per share, for the third quarter of 2024. The company's cash, cash equivalents, and marketable securities were $265.1 million as of September 30, 2024. They achieved in vivo preclinical proof of concept of HBG1/2 editing in hematopoietic stem and progenitor cells (HSPCs).

• Achieved in vivo preclinical proof of concept of HBG1/2 editing in HSPCs using Editas Medicine’s proprietary targeted LNP.
• On track to share additional clinical and patient reported outcomes data from 28 patients in the RUBY trial for sickle cell disease at ASH in December.

Adverum Biotechnologies reported a net loss of $27.1 million for the third quarter of 2024. The company's cash, cash equivalents, and short-term investments totaled $153.2 million as of September 30, 2024, which is expected to fund operations into late 2025.

• Appointed Jason Mitchell as chief commercial officer.
• On-track to initiate pivotal program in 1H 2025.

Century Casinos reported a 3% decrease in net operating revenue, totaling $155.7 million. However, earnings from operations increased by 24% to $17.9 million. The company experienced a net loss attributable to shareholders of $8.1 million, although this represents a 43% decrease in net loss compared to the previous year.

• Net operating revenue decreased by 3% to $155.7 million.
• Earnings from operations increased by 24% to $17.9 million.

CVG reported a decrease in revenue and profitability for Q3 2024, impacted by lower customer demand and operational inefficiencies. The company is focusing on restructuring and streamlining operations to improve future performance.

• Revenues decreased by 15.3% to $171.8 million due to softening customer demand.
• Operating loss was $1.1 million, a decrease compared to operating income of $8.9 million in the prior year.

Verrica Pharmaceuticals reported negative net product revenue of $1.9 million for Q3 2024, including a provision for product returns of $1.7 million. There were no ex-factory sales in the third quarter of 2024 due to slower demand pull through. The company is implementing restructuring efforts to reduce operating expenses by approximately 50% and is exploring strategies to strengthen its balance sheet. New senior leadership appointments were announced, including Dr. Jayson Rieger as CEO and John Kirby as Interim CFO.

• Negative net product revenue of $1.9 million due to product returns.
• Restructuring efforts to reduce operating expenses by approximately 50%.

Offerpad Solutions Inc. reported its Q3 2024 financial results, with revenue at the high end of guidance. The company focused on expanding asset-light services, strengthening partnerships, and optimizing its organization. Net loss and adjusted EBITDA improved by 32% and 53%, respectively, compared to the prior year.

• Net loss and adjusted EBITDA improved 32% and 53%, respectively, from the prior year.
• Gross profit per home sold was $27.9k.

Precision BioSciences reported total revenues of $0.6 million for the quarter ended September 30, 2024, compared to $13.1 million for the same period in 2023. Net loss from continuing operations was $16.4 million for the quarter ended September 30, 2024, as compared to a net loss from continuing operations of $12.1 million for the same period in 2023. As of September 30, 2024, Precision had approximately $121.3 million in cash, cash equivalents, and restricted cash.

• Received approval for first Clinical Trial Application to advance PBGENE-HBV into first-in-human trials for treatment of chronic hepatitis B; additional global regulatory applications pending approval
• Opened PBGENE-HBV phase 1 clinical program in Moldova; patient screening underway with clinical data expected in 2025

ATI Physical Therapy reported a 7.1% increase in net revenue to $190.0 million for Q3 2024, compared to $177.5 million in Q3 2023. Adjusted EBITDA increased by 28.8% to $12.1 million. The company's liquidity position requires additional capital or financing to fund operations.

• Net revenue increased by 7.1% year-over-year, reaching $190.0 million.
• Visits per Day (VPD) increased by 6.1% to 24,860.