Connecticut Senator Chris Murphy joins Yahoo Finance’s On The Move panel to discuss the latest developments on a potential stimulus deal and his expectations for the final presidential debate.
Connecticut Senator Chris Murphy joins Yahoo Finance’s On The Move panel to discuss the latest developments on a potential stimulus deal and his expectations for the final presidential debate.
Chrissy Teigen revealed Duchess Meghan connected with her after the cookbook author suffered a pregnancy loss in September.
The U.S. Senate Foreign Relations Committee advanced a bill on Wednesday to deliver aid to Ukraine in its struggle with Russia and pressure companies helping to build Russia's Nord Stream 2 gas pipeline that could deprive Kyiv of lucrative transit fees. The Ukraine Security Partnership Act, which was approved by voice vote, authorizes $300 million in foreign military financing, of which $150 million would be subject to conditions. It needs to be passed in the full Senate and House of Representatives and signed by President Joe Biden to become law.
Federal government tears up Victoria’s Belt and Road agreements with China Foreign minister Marise Payne cancels two deals between Victoria and China under new foreign veto laws Foreign minister Marise Payne has used new foreign veto powers to cancel the Victorian government’s Belt and Road agreements with China. Photograph: Mick Tsikas/AAP
Vancouver, British Columbia--(Newsfile Corp. - April 21, 2021) - Rain City Resources Inc. (CSE: RAIN) ("RAIN" or "Rain City" or the "Company") is pleased to announce that is has entered into an option agreement with an arm's-length party to acquire an undivided 100% interest in the Bro Property, Yukon. The Bro Property (the "Bro") is four (4) claims totalling 73 ha located approximately 150 kilometers northeast of Whitehorse and 50 kilometers southwest of ...
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The former Bachelor revealed that he is gay in an April 14 interview on Good Morning America
DENVER — Austin Gomber got his first victory for the Colorado Rockies, allowing two hits over six innings to beat the Astros 6-3 on a wintry Wednesday afternoon and send Houston to its ninth loss in 10 games. It was 34 degrees at first pitch and a light snow fell throughout the game, gaining in intensity. The weather didn’t bother Gomber (1-2), among five players acquired from St. Louis in the Feb. 1 trade that sent star third baseman Nolan Arenado to the Cardinals. Gomber allowed Yuli Gurriel's two-run homer in the second but just one hit and a walk after. The 27-year-old left-hander walked two and struck out six, including the side in order in the fifth, and retired 14 of his last 16 batters. Houston starter José Urquidy (0-2) gave up four runs and six hits in five innings,. Gurriel drove in all three runs for the Astros. Houston also was 7-10 last year before winning eight in a row. Yonathan Daza hit his first major league home run in his 58th big league game. Dom Nunez doubled, singled and drove in two runs for Colorado, which swept the two-game interleague series. Trevor Story hit a two-run double in the first. Gurriel's homer tied the score and Daza put Colorado ahead for good when he homered leading off the bottom half. Nunez doubled in a run later in the inning, and boosted the margin to 6-2 in the sixth against Brandon Bielak when Nunez hit an RBI double and scored on Raimel Tapia's sacrifice fly. TRAINER’S ROOM Astros: OF Myles Straw was out of the lineup due to the side effects of his COVID-19 vaccination. He played centre field and batted leadoff Tuesday night and went 0-for-4 with two strikeouts. UP NEXT Astros: Head home for a four-game series against the Los Angeles Angels starting Thursday. RHP Cristian Javier (1-0, 2.08 ERA) gets the start in the first game. Rockies: RHP German Márquez (1-1, 3.57 ERA) takes the mound to open a three-game series against Philadelphia on Friday night. ___ More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports Michael Kelly, The Associated Press
Stocks rose for the first time in three days earlier on Wednesday.
Are you ready to discover a parallel universe where only vampires exist? Where the only way in and out of this universe is through gateways around Canada?
Best Buy just kicked off a huge Earth Week sale on all-things tech, ranging from Samsung TVs to Sony headphones—check out our favorites from the sale.
A billboard displayed in Estevan has sparked controversy and conversation both online and among Saskatchewan leaders. The digital billboard displays four separate messages: one attacks mask-wearing in classrooms, one urges people not to consume COVID-19 news and the other two attack COVID-19 health measures. Up until Wednesday, the sign also displayed the logo of SaskTel and its dealer Jump.ca above the controversial messaging. SaskTel said it is not associated with the billboard messages. "This sign is not owned by SaskTel or its dealer Jump.ca, and therefore SaskTel does not have any control over the messaging on the billboard," SaskTel said in a statement. SaskTel said that Jump.ca requested that their logo be removed from the sign and that the logo has officially been painted over as of Wednesday. The company that owns the sign, Future Signs, told CBC that it will not be removing the anti-mask and anti-protocol billboards at this time. (Donna Tod/Facebook) On Tuesday, Saskatchewan NDP leader Ryan Meili called for the owner of the sign to take down the anti-masking and anti-protocol messaging. "I think it's absolutely awful ... It makes zero sense for us to be having people advertising against laws and against public safety," Meili said. "I understand people are stressed, people are sick of this, they're fatigued. But why you'd be out there trying to to spread propaganda that's only going to make it last longer makes zero sense to me." Premier Scott Moe told reporters on Wednesday that Saskatchewan is in some of the most crucial days of its pandemic response. He said the public health orders are working and need to be followed. "So I just don't really have a lot of time for people that are trying to advocate for others to to break the laws," Moe said. "I think that [billboard] is also advocating for kids to not be masked, which is possibly even a little bit more troublesome." Both Saskatchewan NDP Leader Ryan Meili and Premier Scott Moe have spoken against the Estevan billboards, with Meili calling for the sign owner to take down the messaging. (CBC) Billboard will stay The company that owns the sign, Future Signs, told CBC that it will not be removing the anti-mask and anti-protocol billboards at this time. The company said positive responses to the messaging have been five times greater than negative responses. Future Signs said it will be releasing an official statement within the next two days.
OTTAWA — A Bloc Québécois MP apologized Wednesday for taking a screenshot of a Liberal colleague who inadvertently appeared nude during virtual proceedings in the House of Commons last week. Bloc MP Sebastien Lemire rose on a point of order to apologize for breaching parliamentary rules, which prohibit taking photos or video of proceedings. He did not specifically name the MP involved — Liberal William Amos, a fellow Quebecer who represents the Pontiac riding. "Today I would like to apologize to the House for breaking the rules by taking a photograph of a colleague during question period on April 14,” Lemire said in French. Lemire said he's already apologized personally to Amos but added: "I nevertheless want to reiterate it publicly, to him personally, to his family, to colleagues and to anyone I may have offended." "I have no idea how that photo made its way into the media," he added. Amos declined to comment on Lemire's apology. But Liberal whip Mark Holland said the apology, while welcome, doesn't resolve the issue. He said the Bloc is so far refusing to reveal with whom Lemire shared the screenshot, frustrating attempts to find out who leaked it publicly. "It's essential we know where Mr. Lemire sent this photo," Holland said in an interview. "We do not accept that he is not going to say where he sent this." Passing it along to the media "was potentially a criminal action" and "a horrible violation of not only the member's privilege as it relates to the rules and bylaws of the House, but a horrible violation of human dignity," Holland added. "This is an image that has been shared around the world, has become a joke, a punchline in late-night talk shows in other countries." Lemire and the Bloc declined further comment Wednesday. The government has asked House of Commons Speaker Anthony Rota to investigate the matter. Asked if Liberals have also asked for a police investigation, Holland said "we're now reviewing all of our options." Rota thanked Lemire for his apology Wednesday. He said he'll come back to the House later with his findings. Amos has said he didn't realize his camera was on when he was changing his clothes after a jog. The image of a naked Amos was beamed to MPs tuned in to the internal parliamentary feed for that day's question period, but it could not be seen on the public feed since Amos was not addressing the Commons at the time. Rota thanked Lemire for his apology Wednesday. He said he'll come back to the House later with his findings. Government House leader Pablo Rodriguez called for the investigation last week, describing the incident as "mean-spirited” and "life-changing" for Amos. In an interview with The Canadian Press last week, Amos said the incident sends a "terrible signal" about the corrosive nature of politics in Canada and to young people about the propriety of sharing of embarrassing, intimate photos that last forever on the internet. But New Democrat MP Leah Gazan tweeted her disapproval of Lemire's actions. "No words. Such a disrespectful and cruel action." Holland said there was an "incredibly short" period of time between when the photo was taken and when it was publicly disseminated, suggesting only a few people would have been in a position to share it with the media. This report by The Canadian Press was first published April 21, 2021. Joan Bryden, The Canadian Press
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, April 21, 2021 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada (TSX: LB) (“Laurentian Bank”) today announced that it has received approval from Canada Mortgage and Housing Corporation (“CMHC”) to establish a CAD 2.0 billion legislative covered bond programme (“Programme”) pursuant to the Canadian Registered Covered Bond Programs Guide, published by CMHC. Under the Programme, Laurentian Bank may, from time to time, issue covered bonds (“Covered Bonds”) under such terms and conditions as determined by Laurentian Bank at the time of issuance and in accordance with prevailing market conditions. The Covered Bonds to be issued by Laurentian Bank will have the benefit of an unconditional and irrevocable guarantee from LBC Covered Bond (Legislative) Guarantor Limited Partnership. “We are pleased that CMHC has approved Laurentian Bank as a registered issuer and has registered our programme under the Canadian Registered Covered Bond Programme,” said Rania Llewellyn, President and CEO. “Laurentian Bank’s covered bond programme is going to help further diversify our funding sources, reduce our cost of funding and help us deliver competitively priced products to our customers.” Laurentian Bank is registered as a “registered issuer” in the registry (the “Registry”) established by CMHC pursuant to Section 21.51 of Part I.1 of the National Housing Act (Canada) and the Programme is registered in the Registry. The issuances of Covered Bonds pursuant to the Programme will be in accordance with the requirements specified by the Office of the Superintendent of Financial Institutions for covered bond programmes of federally regulated financial institutions, including that the total assets of the financial institutions pledged for covered bonds must not represent more than 5.5% of the issuer’s on-balance sheet assets. This press release shall not constitute an offer to sell or a solicitation to buy securities in any jurisdiction. Caution regarding forward-looking statements: this document contains forward-looking statements within the meaning of applicable securities legislation. Forward-looking statements include, but are not limited to, statements regarding our business plans and strategies, priorities and financial objectives, the regulatory environment in which we operate, the anticipated impact of the coronavirus (“COVID-19”) pandemic on our operations, earnings results and financial performance and statements under the headings “Outlook”, “COVID-19 Pandemic” and “Risk Appetite and Risk Management Framework” contained in our 2020 Annual Report, including the Management’s Discussion and Analysis for the fiscal year ended October 31, 2020 and other statements that are not historical facts. Forward-looking statements typically are identified with words or phrases such as “believe”, “assume”, “estimate”, “forecast”, “outlook”, "project", “vision”, “expect”, “foresee”, “anticipate”, “plan”, “goal”, “aim”, “target”, “may”, “should”, “could”, “would”, “will”, "intend” or the negative of these terms, variations thereof or similar terminology. We caution readers against placing undue reliance on forward-looking statements, as a number of factors, many of which are beyond our control and the effects of which can be difficult to predict, could influence, individually or collectively, the accuracy of the forward-looking statements and cause actual future results to differ significantly from the targets, expectations, estimates or intentions expressed in the forward-looking statements. Readers should consult our 2020 Annual Report and other documents filed on the SEDAR website (www.sedar.com) for additional information about our forward-looking statements and other material aspects of our business. We do not undertake to update any forward-looking statements, whether oral or written, made by us or on our behalf whether as a result of new information, future events or otherwise, except to the extent required by securities regulations. About Laurentian Bank Financial Group Founded in 1846, Laurentian Bank Financial Group is a diversified financial services provider whose mission is to help its customers improve their financial health. Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (the “Group” or the “Bank”). With more than 2,900 employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its personal, business and institutional customers. With pan-Canadian activities and a presence in the U.S., the Group is an important player in numerous market segments. The Group has $45.2 billion in balance sheet assets and $29.2 billion in assets under administration. Information: Jonathan Abecassis Jonathan.firstname.lastname@example.org Cell: 438-368-8078
Fiscal 2020 Revenues of $11.3 million; $0.3 million Net Income; Adjusted EBITDA ($1.9 million) Atlanta, GA, April 21, 2021 (GLOBE NEWSWIRE) -- Streamline Health Solutions, Inc. (NASDAQ: STRM), provider of the eValuator™ Revenue Integrity Program to help healthcare providers proactively address revenue leakage and compliance exposure, today announced financial results for the fourth quarter and fiscal year 2020, which ended January 31, 2021. Total revenues for the fourth quarter of fiscal 2020 were $3.0 million, compared to $2.7 million in the prior year period. SaaS revenue was up $349,000, approximately 50%, compared to the same quarter a year ago. The revenue growth during the quarter was driven by higher revenue from SaaS, system sales and professional services offset by lower revenue form audit services and maintenance and support. Recurring revenue comprised 75% of fourth quarter fiscal 2020 revenue compared to 80% of fourth quarter fiscal 2019 revenue. Fiscal year 2020 revenue was $11.3 million, compared to $11.9 million during fiscal 2019. SaaS revenue in fiscal 2020 grew 46% to $3.7 million compared to $2.5 million during fiscal 2019. Recurring revenue comprised 74% of revenue during fiscal 2020 compared to 68% during the prior year. Net loss for the fourth quarter of fiscal 2020 was ($1.2 million) as compared to a net loss of ($2.4 million) during the fourth quarter of fiscal 2019. Fourth quarter fiscal 2020 net loss included $400,000 income from gain from sale, and discontinued operations of the Company’s legacy ECM business which closed February 24, 2020, compared to $18,000 income from discontinued operations during the fourth quarter of fiscal 2019. Income from discontinued operations was offset by a loss from continuing operations for the three months ended January 31, 2021 and 2020 of ($1.6 million) and ($2.4 million), respectively. The company recorded $0.3 million of net income for the fiscal year 2020, compared to a net loss of ($2.9 million) during fiscal 2019. Fiscal year 2020 net income included $5.1 million income from discontinued operations in connection with the sale of the Company’s legacy ECM business which closed February 24, 2020, compared to $3.3 million income from discontinued operations during fiscal 2019. The income from discontinued operations was offset by a loss from continuing operations during fiscal 2020 of ($4.8 million) as compared to a loss of ($6.2 million) during fiscal 2019. Adjusted EBITDA for the fourth quarter of fiscal 2020 was a loss of ($0.1 million), compared to an adjusted EBITDA loss of ($0.6 million) in the fourth quarter of fiscal 2019. Fiscal year 2020 adjusted EBITDA was a loss of ($1.9 million) compared to a loss of ($2.3 million) during fiscal 2019. The profitability improvements have come from cost containment activities in all areas of our business. “Last year was a very difficult and challenging one, especially for COVID patients and healthcare providers throughout the country. Today, with more Americans receiving vaccinations, we believe a ‘return to normalcy’ during the second half of this year is a real possibility. And that should free up departmental decision making, helping us generate more eValuator contracts from our pipeline which grew throughout 2020”, stated Tee Green, President and Chief Executive Officer, Streamline Health. “As the pandemic slowed contract closings, we asked our employees to focus on improving operations and preparing for growth. This internal focus enabled us to develop a top-level product management team to continually expand and improve our eValuator technology and build a superior customer success team to ensure customer satisfaction. I believe all of this will serve us well going forward.” Highlights from the fourth quarter ended January 31, 2021 included: Revenue for the fourth quarter of fiscal 2020 was $3.0 million; SaaS revenue grew 50% compared to the fourth quarter of fiscal 2019;Loss from continuing operations for the fourth quarter of fiscal 2020 was ($1.6 million);Adjusted EBITDA for the fourth quarter of fiscal 2020 was ($0.1 million);Total bookings (total contract value) for the fourth quarter of fiscal 2020 were $1.8 million. Conference Call The Company will conduct a conference call to review the results on Thursday, April 22, 2021 at 9:00 AM ET. Interested parties can access the call by joining the live webcast: click here to register. You can also join by phone by dialing 877-269-7756. A replay of the conference call will be available from Thursday, April 22, 2021 at 12:00 PM ET to Thursday, April 29, 2021 at 12:00 PM ET by dialing 877-660-6853 or 201-612-7415 with conference ID 13716445. An online replay of the presentation will also be available for six months following the presentation in the Investor Relations section of the Streamline Health website, www.streamlinehealth.net. Non-GAAP Financial Measures Streamline Health reports its financial results in accordance with U.S. generally accepted accounting principles ("GAAP"). Streamline Health's management also evaluates and makes operating decisions using various other measures. One such measure is adjusted EBITDA, which is a non-GAAP financial measure. Streamline Health's management believes that this measure provides useful supplemental information regarding the performance of Streamline Health's business operations. Streamline Health defines "adjusted EBITDA" as net earnings (loss) plus interest expense, tax expense, depreciation and amortization expense of tangible and intangible assets, stock-based compensation expense, significant non-recurring operating expenses, and transactional related expenses including: gains and losses on debt and equity conversions, associate severances and related restructuring expenses, associate inducements, and professional and advisory fees. A table illustrating this measure is included in this press release. About Streamline Health Streamline Health Solutions, Inc. (NASDAQ: STRM) is a leader in pre-bill revenue integrity solutions for healthcare providers. Our eValuator™ Revenue Integrity Program includes integrated solutions, technology-enabled services and analytics that drive compliant revenue and improved financial performance across the enterprise. We share a common calling and commitment to advance the quality of life and the quality of healthcare - for society, our clients, the communities they serve, and the individual patient. For more information, please visit our website at www.streamlinehealth.net. Safe Harbor statement under the Private Securities Litigation Reform Act of 1995 Statements made by Streamline Health Solutions, Inc. that are not historical facts are forward-looking statements that are subject to certain risks, uncertainties and important factors that could cause actual results to differ materially from those reflected in the forward-looking statements included herein. Forward-looking statements contained in this press release include, without limitation, statements regarding the Company's growth prospects, estimates of backlog, industry trends and market growth, results of investments in sales and marketing, adjusted EBITDA, success of future products and related expectations and assumptions. These risks and uncertainties include, but are not limited to, the timing of contract negotiations and execution of contracts and the related timing of the revenue recognition related thereto, the potential cancellation of existing contracts or clients not completing projects included in the backlog, the impact of competitive solutions and pricing, solution demand and market acceptance, new solution development and enhancement of current solutions, key strategic alliances with vendors and channel partners that resell the Company's solutions, the ability of the Company to control costs, the effects of cost-containment measures implemented by the Company, availability of solutions from third party vendors, the healthcare regulatory environment, potential changes in legislation, regulation and government funding affecting the healthcare industry, healthcare information systems budgets, availability of healthcare information systems trained personnel for implementation of new systems, as well as maintenance of legacy systems, fluctuations in operating results, effects of critical accounting policies and judgments, changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other similar entities, changes in economic, business and market conditions impacting the healthcare industry generally and the markets in which the Company operates and nationally, and the Company's ability to maintain compliance with the terms of its credit facilities, and other risks detailed from time to time in the Streamline Health Solutions, Inc. filings with the U. S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revision to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law. ContactRandy SalisburySVP, Chief Sales & Marketing Officer(404) 229-4242Randy.email@example.com STREAMLINE HEALTH SOLUTIONS, INC.CONSOLIDATED AND CONDENSED STATEMENTS OF OPERATIONS(Unaudited) Three Months Ended Twelve Months Ended January 31 January 31 2021 2020 2021 2020 Revenues: Systems sales$356,000 $153,000 $590,000 $1,121,000 Professional services 145,000 78,000 618,000 1,163,000 Audit Services 393,000 446,000 1,891,000 1,712,000 Maintenance and support 1,030,000 1,303,000 4,586,000 5,356,000 Software as a service 1,050,000 701,000 3,661,000 2,501,000 Total revenues 2,974,000 2,681,000 11,346,000 11,853,000 Operating expenses: Cost of systems sales 116,000 457,000 501,000 1,004,000 Cost of professional services 264,000 330,000 1,040,000 1,592,000 Cost of audit services 400,000 306,000 1,558,000 1,255,000 Cost of maintenance and support 156,000 172,000 684,000 676,000 Cost of software as a service 653,000 352,000 1,906,000 824,000 Selling, general and administrative 1,706,000 2,021,000 8,565,000 9,606,000 Research and development 987,000 940,000 2,933,000 2,690,000 Executive Transition Costs - 168,000 - 789,000 Rationalization Charges - 388,000 - 388,000 Transaction Costs - 230,000 - 230,000 Loss on exit of membership agreement - - 105,000 - Total operating expenses 4,282,000 5,364,000 17,292,000 19,054,000 Operating loss (1,308,000) (2,683,000) (5,946,000) (7,201,000)Other expense: Interest expense (12,000) (70,000) (51,000) (309,000)Miscellaneous expense 6,000 (167,000) (62,000) (366,000)Loss before income taxes (1,314,000) (2,920,000) (6,059,000) (7,876,000)Income tax benefit (276,000) 498,000 1,260,000 1,632,000 Loss from continuing operations$(1,590,000) $(2,422,000) $(4,799,000) $(6,244,000)Add: Redemption of Series A Preferred Stock - - - 4,894,000 Net (loss) income from continuing operations (1,590,000) (2,422,000) (4,799,000) (1,350,000)Income from discontinued operations: Gain on sale of discontinued operations - - 6,013,000 - Income from discontinued operations 51,000 522,000 356,000 5,035,000 Income tax benefit (expense) 352,000 (504,000) (1,274,000) (1,654,000)Income from discontinued operations 403,000 18,000 5,095,000 3,381,000 Net (loss) income$(1,187,000) $(2,404,000) $296,000 $2,031,000 Basic Earnings per Share: Continuing operations$(0.05) $(0.08) $(0.16) $(0.06)Discontinued operations 0.01 - 0.17 0.14 Net (loss) income$(0.04) $(0.08) $0.01 $0.08 Weighted average number of common shares - basic 30,528,863 29,653,550 30,152,383 22,739,679 Diluted Earnings per Share: Continuing operations$(0.05) $(0.08) $(0.16) $(0.27)Discontinued operations 0.01 - 0.17 0.13 Net (loss) income$(0.04) $(0.08) $0.01 $(0.14) Weighted average number of common shares – diluted 31,211,252 30,096,177 30,640,742 25,083,061 STREAMLINE HEALTH SOLUTIONS, INC.CONSOLIDATED AND CONDENSED BALANCE SHEETS(Unaudited) Assets January 31, January 31, 2021 2020Current assets: Cash and cash equivalents$2,409,000 $1,649,000Accounts receivable, net 2,929,000 2,016,000Contract receivables 174,000 803,000Prepaid hardware and other current assets1,216,000 501,000Current Assets from discontinued operations 587,000 1,585,000Total current assets 7,315,000 6,554,000 Non-current assets: Property and equipment, net 104,000 98,000Right of use asset on operating lease 391,000 -Capitalized software development costs, net5,945,000 5,782,000Intangible assets, net 624,000 1,115,000Goodwill 10,712,000 10,712,000Other non-current assets 873,000 611,000Long-term assets from discontinued operations13,000 6,826,000Total non-current assets 18,662,000 25,144,000 $25,977,000 $31,698,000 Liabilities and Stockholders' EquityCurrent liabilities: Accounts payable$272,000 $756,000Accrued expenses 908,000 1,395,000Current portion of term loan 1,534,000 3,872,000Deferred revenues 3,862,000 3,593,000Royalty liability - 969,000Current portion of operating lease obligation198,000 -Current liabilities from discontinued operations595,000 5,053,000Total current liabilities 7,369,000 15,638,000 Non-current liabilities: Term loan, net of current portion 767,000 -Deferred revenues, less current portion 130,000 55,000Operating Lease obligations, less current portion222,000 -Total non-current liabilities 1,119,000 55,000Total liabilities 8,488,000 15,693,000 Stockholders' equity 17,489,000 16,005,000 $25,977,000 $31,698,000 STREAMLINE HEALTH SOLUTIONS, INC.CONSOLIDATED AND CONDENSED STATEMENT OF CASH FLOWS(Unaudited) Fiscal Year Ended January 31, 2021 2020 Cash flows from continuing operating activities: Loss from continuing operations$(4,799,000) $(6,244,000)Depreciation 64,000 43,000 Amortization of capitalized software development costs1,662,000 1,494,000 Amortization of intangible assets 491,000 554,000 Amortization of other deferred costs 359,000 480,000 Valuation adjustments 31,000 64,000 Loss on exit of membership agreement 105,000 - Loss on early extinguishment of debt - 150,000 Share-based compensation expense 1,403,000 934,000 Benefit for accounts receivable allowance (31,000) (201,000)Benefit for income taxes (1,274,000) (1,654,000)Changes in assets and liabilities (1,504,000) (1,329,000)Net cash used in operating activities (3,493,000) (5,709,000)Net cash from operating activities - discontinued operations(2,264,000) 5,701,000 Cash flows used in investing activities: Purchases of property and equipment (44,000) (52,000)Capitalization of software development costs (1,784,000) (2,800,000)Proceeds from sale of ECM assets 11,288,000 - Net cash provided by (used in) investing activities 9,460,000 (2,852,000)Net cash used in investing activities - discontinued operations- (558,000) Cash flows from financing activities: Proceeds from issuance of common stock - 9,663,000 Payments for costs directly attributable to the issuance of common stock- (711,000)Proceeds from term loan 2,301,000 4,000,000 Principal payments on term loan (4,000,000) (4,030,000)Redemption of Series A Convertible Preferred Stock (5,791,000)Other (1,244,000) (440,000)Net cash used in financing activities (2,943,000) 2,691,000 Net decrease in cash and cash equivalents 760,000 (727,000)Cash and cash equivalents at beginning of year 1,649,000 2,376,000 Cash and cash equivalents at end of year 2,409,000 $1,649,000 STREAMLINE HEALTH SOLUTIONS, INC.New Bookings(Unaudited) January 31, 2021 Three Months Ended Twelve Months EndedSystems Sales$203,000 $560,000Professional Services 175,000 808,000Audit Services 37,000 114,000Maintenance and Support 203,000 583,000Software as a Service 1,200,000 5,327,000Q4 2020 Bookings$1,818,000 $7,392,000Q4 2019 Bookings (1)$763,000 $7,892,000 (1) January 31, 2020 excludes bookings from the ECM business of approximately $242,000 for the three months ended January 31, 2020 and $731,000 for the twelve months ended January 31, 2020. STREAMLINE HEALTH SOLUTIONS, INC.Reconciliation of loss from continuing operations to non-GAAP Adjusted EBITDA (in thousands)(Unaudited) Three Months Ended January 31, Twelve Months Ended January 31, 2021 2020 2021 2020 Loss from continuing operations$(1,590) $(2,422) $(4,799) $(6,244) Interest expense 12 70 51 309 Income tax (benefit) expense 276 (498) (1,260) (1,632) Depreciation 17 11 64 43 Amortization of capitalized software development costs534 661 1,662 1,494 Amortization of intangible assets 121 130 491 554 Amortization of other costs 117 272 359 480 EBITDA (513) (1,776) (3,432) (4,996) Share-based compensation expense 400 214 1,403 934 Impairment of long-lived assets - - - - Loss on disposal of fixed assets - - - - Non-cash valuation adjustments (9) 17 31 64 Loss on exit of operating lease - - 105 - Other non-recurring operating expenses - 786 - 1,342 Other non-recurring expenses - 150 - 308 Adjusted EBITDA$(122) $(609) $(1,893) $(2,348) Adjusted EBITDA per diluted share: Net loss per common share – diluted$(0.05) $(0.08) $(0.16) $(0.27) Adjusted EBITDA per adjusted diluted share (1)$- $(0.02) $(0.06) $(0.10) Diluted weighted average shares (2) 30,528,863 29,653,550 30,152,383 22,739,679 Includable incremental shares — Adjusted EBITDA (3) 682,389 442,627 488,359 2,343,382 Adjusted diluted shares 31,211,252 30,096,177 30,640,742 25,083,061 (1) Adjusted EBITDA per adjusted diluted share for our common stock is computed using the more dilutive of the two-class method or the if-converted method.(2) Diluted EPS for our common stock was computed using the if-converted method, which yields the same result as the two-class method.(3) The number of incremental shares that would be dilutive under an assumption that the Company is profitable during the reported period, which is only applicable for a period in which the Company reports a GAAP net loss. If a GAAP profit is earned in the reported periods, no additional incremental shares are assumed.
Manchester City are 11 points clear at the top of the table.
As China and Russia step up their vaccine diplomacy in Latin America, it’s time for the Biden administration to do something bold: In addition to offering excess U.S. vaccines, it should offer free online classes in math, English and other subjects for tens of millions of children in the region.
TORTOLA, British Virgin Islands, April 21, 2021 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. (“Orca” or the “Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) today announces its audited financial results for the year ended December 31, 2020. All dollar amounts are in United States dollars unless otherwise stated. Revenue decreased by 5% for Q4 2020 and by 9% for the year compared to the same prior year periods. The decreases are primarily a result of decreased sales to the Tanzanian Electric Supply Company Limited (“TANESCO”) under the Portfolio Gas Sales Agreement (“PGSA”) and a smaller current income tax adjustment due to increased capital expenditure and lower gross field revenue. Gas deliveries decreased by 11% for Q4 2020 and by 9% for the year compared to the same prior year periods. The decrease in revenue and gas delivery volumes for the year were primarily due to the increase in hydropower generated during the first eight months of the year as a result of higher than normal rainfall in 2020 compared to the prior year. The decrease in gas delivery volumes in Q4 2020 is primarily the result of lower nominations of gas volumes by TANESCO and the Tanzanian Production Development Corporation (“TPDC”) through the National Natural Gas Infrastructure (“NNGI”) compared to Q4 2019 as volumes delivered in Q4 2019 were the highest for any single quarter since production started in 2004. The decrease in volumes for Q4 2020 was partially offset by a 2% increase in the weighted average price of gas sold compared to Q4 2019.Net income attributable to shareholders decreased 42% for Q4 2020 and increased by 12% for the year compared to the same prior year periods. The decrease for Q4 2020 was primarily a consequence of the decrease in revenue and a decrease in the reversal of loss allowances related to the lower collection of arrears from TANESCO compared to Q4 2019. The increase in net income attributable to shareholders for the year was primarily the result of the increase in the reversal of loss allowances of $8.2 million, mainly due to increased collection of TANESCO arrears during the first nine months of 2020 and was also positively impacted by savings in general and administrative expenses and stock based compensation. The increase for the year was partially offset by the impairment of receivable as a result of the Tanzania Revenue Authority (“TRA”) issuing an Agency Notice during the year obligating the Company’s bank to release $5.3 million in favour of the TRA.Net cash flows from operating activities increased 283% for Q4 2020 and by 33% for the year compared to the same prior year periods. The increases are primarily a result of the collection of TANESCO arrears and changes in non-cash operating working capital associated with decreases in prepayments and in trade and other receivables.Adjusted funds flow from operations(1) decreased by 8% for Q4 2020 and by 9% for the year compared to the same prior year periods. The decreases are primarily a result of the decreases in revenue.Capital expenditures increased by 1,509% for Q4 2020 and by 551% for the year over the comparable prior year periods. The capital expenditures in 2020 primarily relate to the flowline decoupling construction and payments under the Compression Contract (as defined below). The capital expenditures in 2019 primarily relate to the refrigeration project for the Songas Limited (“Songas”) infrastructure.The Company exited the period in a strong financial position with $74.2 million in working capital (December 31, 2019: $107.0 million), cash and cash equivalents of $104.2 million (December 31, 2019: $93.9 million), short-term investments of $ nil (December 31, 2019: $44.8 million) and long-term debt of $54.2 million (December 31, 2019: $54.1 million). The decrease in working capital and short-term investments was primarily related to the substantial issuer bid (“SIB”) completed in March 2020.As at December 31, 2020 the current receivable from TANESCO was $ nil (December 31, 2019: $ nil). TANESCO’s long-term trade receivable as at December 31, 2020 was $27.6 million with a provision of $27.6 million compared to $47.5 million (provision of $47.5 million) as at December 31, 2019. Subsequent to December 31, 2020 the Company has invoiced TANESCO $6.5 million for 2021 gas deliveries and TANESCO has paid the Company $7.9 million. TANESCO also paid the take or pay invoice of $5.0 million for the 2015-2016 contract year for gas to be taken by June 30, 2021. (1) Adjusted funds flow from operations is a non-GAAP financial measure. See non-GAAP measures. Work began in 2020 on the $38.0 million compression contract for the Songas gas processing facility planned for installation in Q2 2022 (the "Compression Contract"). This will allow maximum production volumes of approximately 102 MMcfd to be sustained through the Songas infrastructure, with the possibility to expand well deliverability to 172 MMcfd by increasing the amount of gas currently being delivered through the NNGI. To date $24.7 million has been spent under the contract with forecast expenditures of $9.5 million in 2021, upon delivery and inspection of the equipment, and a further $3.8 million in 2022 following completion of installation and testing.On January 22, 2021 the Company announced the final results of an SIB initiated in December 2020 whereby the Company repurchased and cancelled 6,153,846 Class B Subordinate Voting Shares (“Class B Shares”) at a price of CDN$6.50 per Class B Share representing an aggregate purchase price of CDN$40.0 million and 25.2% of the total number of the Company’s issued and outstanding Class B Shares and 23.5% of the total number of the Company’s issued and outstanding shares.On February 23, 2021 the Company declared a dividend of CDN$0.10 per share on each of its Class A Common Voting Shares (“Class A Shares”) and Class B Shares for a total of $1.6 million to the holders of record as of March 31, 2021 paid on April 15, 2021. Financial and Operating Highlights for the Three Months and Year Ended December 31, 2020 Three Months ended December 31% ChangeYear ended December 31% Change(Expressed in $’000 unless indicated otherwise)20202019Q4/20 vs Q4/1920202019Ytd/20 vs Ytd/19OPERATING Daily average gas delivered and sold (MMcfd)62.870.8(11)%57.763.1(9)%Industrial12.413.1(5)%12.713.3(5)%Power50.457.7(13)%45.049.8(10)%Average price ($/mcf) Industrial7.567.77(3)%7.447.97(7)%Power3.523.442%3.473.431%Weighted average4.324.242%4.344.38(1)%Operating netback ($/mcf) (1)3.222.7318%2.852.638%FINANCIALRevenue21,98023,212(5)%77,87485,595(9)%Net income attributable to shareholders7,37512,642(42)%27,76124,71812%per share – basic and diluted ($)0.280.37(24)%1.000.7141%Net cash flows from operating activities19,3695,051283%46,50534,87333%per share – basic and diluted ($)0.740.15393%1.671.0067%Adjusted funds flow from operations (1)12,34813,479(8)%39,14443,213(9)%per share – basic and diluted ($)0.470.3921%1.411.2414%Capital expenditures16,3151,0141,509%27,1414,171551%Weighted average Class A and Class B shares (’000)26,13834,324(24)%27,81834,931(20)% As at December 31 20202019% ChangeWorking capital (including cash) 74,236106,972(31)%Cash and cash equivalents 104,19093,89911%Investments in short-term bonds –44,756(100)%Long-term loan 54,24654,0570%Outstanding shares (‘000) Class A 1,7501,7500%Class B 24,38832,557(25)%Total shares outstanding 26,13834,307(24)% (1) Operating netback and adjusted funds flow from operations are non-GAAP financial measures. See non-GAAP Measures. “Jay Lyons, Interim Chief Executive Officer, commented: “Despite the challenges 2020 presented from a macro and operational perspective, we are very pleased with Orca’s performance during the period. The higher than normal rainfall for the first eight months of the year impacted our gas delivery volumes, as there was an increase in hydropower generation. However, during the last four months of the year our volumes returned to normal levels, which had a positive impact on our revenues and cash flows. The construction of our $38 million compression project has started, with all long-lead items now ordered. We continue to target completion in June 2022. We are working closely with our partners, the Tanzanian Petroleum Development Corporation and Songas Limited, to ensure that production continues to meet demand going forward. The continued maintenance of a reliable gas supply from our Songo Songo field will be critical to sustaining economic growth in Tanzania, and we are proud of our role in ensuring the country’s energy security. The overall objective of our business is to balance returns with the growth potential that we see in the Songo Songo field and we look forward to continuing our constructive dialogue with the Government of Tanzania in order to extend our licence beyond October 2026. This would allow us to partner, invest and support in the development of this important gas resource for the nation of Tanzania, as we have developed a deep and valuable understanding of the geology of the licence and remain committed to its development and optimization for all stakeholders.” The complete Audited Consolidated Financial Statements and Notes and Management's Discussion & Analysis may be found on the Company’s website www.orcaexploration.com or on the Company's profile on SEDAR at www.sedar.com. Reserve Report The Company’s latest corporate reserve report is available on the Company's website (www.orcaenergygroup.com) or on the Company's profile on SEDAR at www.sedar.com. Orca Energy Group Inc. Orca Energy Group Inc. is an international public company engaged in natural gas development and supply in Tanzania through its subsidiary PanAfrican Energy Tanzania Limited. Orca trades on the TSX Venture Exchange under the trading symbols ORC.B and ORC.A. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Abbreviations Mcfthousand cubic feetMMcfdmillion standard cubic feet per day Non-GAAP MeasuresThe Company evaluates its performance using a number of non-GAAP (generally accepted accounting principles) measures. These non-GAAP measures are not standardized and therefore may not be comparable to similar measurements of other entities. Adjusted funds flow from operations represents net cash flows from operating activities less interest expense and reversal of loss allowances related to the collection of TANESCO arrears and a previously disputed Songas operatorship receivable before changes in non-cash working capital. Management uses this as a performance measure that represents the Company’s ability to generate sufficient cash flow to fund capital expenditures and/or service debt. THREE MONTHS ENDED DECEMBER 31YEAR ENDED DECEMBER 31 $’0002020 2019 2020 2019 Net cash flows from operating activities19,369 5,051 46,505 34,873 Interest expense(2,370) (1,621)(7,887) (8,279)Reversal of loss allowance – TANESCO arrears(3,478) (7,546)(19,905) (11,044)Reversal of loss allowance – collection of disputed Songas receivables- - (1,046) - Loss allowance - TRA5,337 - 5,337 - Changes in non-cash working capital(6,510) 17,595 16,140 27,663 Adjusted funds flow from operations12,348 13,479 39,144 43,213 Operating netbacks represent the profit margin associated with the production and sale of gas and is calculated as revenues less processing and transportation tariffs, TPDC’s revenue share, operating and distribution costs per one thousand standard cubic feet of gas sold. This is a key measure as it demonstrates the profit generated from each unit of production.Adjusted funds flow from operations per share is calculated on the basis of the adjusted funds flow from operations divided by the weighted average number of shares, similar to the calculation of earnings per share.Net cash flows from operating activities per share is calculated as net cash flows from operating activities divided by the weighted average number of shares, similar to the calculation of earnings per share. FORWARD LOOKING INFORMATION – This news release contains forward-looking statements or information (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact included in this news release, which address activities, events or developments that Orca expects or anticipates to occur in the future, are forward-looking statements. Forward-looking statements often contain terms such as may, will, should, anticipate, expect, continue, estimate, believe, project, forecast, plan, intend, target, outlook, focus, could and similar words suggesting future outcomes or statements regarding an outlook. More particularly, this news release contains, without limitation, forward-looking statements pertaining to the following: the Company business objectives; the production at Songo Songo and whether such production can continue to meet demand; the Company’s expectations regarding timing for the completion of installation of compression on the Songas infrastructure; the expected expenditures required to complete the installation of the compression on the Songas infrastructure; the sustainability of economic growth in Tanzania and the ongoing dialogue with the Government of Tanzania with respect to extending the Company's license and the anticipated effect of an extension of the Company’s license on the Company’s business. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievement since such expectations are inherently subject to significant business, economic, operational, competitive, political and social uncertainties and contingencies. These forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control, and many factors could cause the Company’s actual results to differ materially from those expressed or implied in any forward-looking statements made by the Company, including, but not limited to, reduced global economic activity as a result of the COVID-19 pandemic, including lower demand for natural gas and a reduction in the price of natural gas; the potential impact of the COVID-19 pandemic on the health of the Company's employees, contractors, suppliers, customers and other partners and the risk that the Company and/or such persons are or may be restricted or prevented (as a result of quarantines, closures or otherwise) from conducting business activities for undetermined periods of time; the impact of actions taken by governments to reduce the spread of COVID-19, including declaring states of emergency, imposing quarantines, border closures, temporary business closures for companies and industries deemed non-essential, significant travel restrictions and mandated social distancing, and the effect on the Company's operations, access to customers and suppliers, availability of employees and other resources; risk that contract counterparties are unable to perform contractual obligations; failure to receive payments from TANESCO; risk that the potential financial solutions to resolve the TANESCO arrears are not implemented by the Tanzanian government; the potential negative effect on the Company’s rights under the Company's production sharing agreement ("PSA") and other agreements relating to its business in Tanzania as a result of the Petroleum Act, passed in 2015 (the "Act"), and other recently enacted and future legislation, as well as the risk that such legislation will create additional costs and time connected with the Company’s business in Tanzania; risks regarding the uncertainty around evolution of Tanzanian legislation; risk that the Company will not be successful in appealing claims made by the Tanzanian Revenue Authority and may be required to pay additional taxes and penalties; the impact of general economic conditions in the areas in which the Company operates; civil unrest; the susceptibility of the areas in which the Company operates to outbreaks of disease; industry conditions; lack of availability of qualified personnel or management; fluctuations in commodity prices, foreign exchange rates and/or interest rates; stock market volatility; competition for, among other things, capital, drilling equipment and skilled personnel; failure to obtain required equipment for drilling; delays in drilling plans; failure to obtain expected results from drilling of wells; changes in laws and regulations including the adoption of new environmental laws and regulations, impact of new local content regulations and changes in how they are interpreted and enforced; imprecision in reserve estimates; the production and growth potential of the Company's assets; obtaining required approvals from regulatory authorities; failure to install compression on the Songas infrastructure on the timeline anticipated; inability to extend the Company's license beyond 2026; risks associated with negotiating with foreign governments; and unanticipated changes to legislation and the effect on the Company's operations, including, but not limited to, the Act and the Natural Gas Pricing Regulation made under Sections 165 and 258(l) of the Act. In addition, there are risks and uncertainties associated with oil and gas operations. Therefore the Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by these forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. Such forward-looking statements are based on certain assumptions made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors the Company believes are appropriate in the circumstances, including, but not limited to, that the Company will be able to negotiate Additional Gas sales contracts in relation to the Additional Gas Plan 2; the ability of the Company to complete developments and increase its production capacity; the actual costs to complete the Company's development program are in line with estimates; the TPDC, the Ministry of Energy and Mines and the Company are able to agree on commercial terms for future incremental gas sales and the Company can expand Songo Songo development beyond the existing Songas infrastructure and supply gas to the NNGI; that there will continue to be no restrictions on the movement of cash from Mauritius or Tanzania; the impact of the COVID-19 pandemic on the demand for and price of natural gas, volatility in financial markets, disruptions to global supply chains and the Company's business, operations, access to customers and suppliers, availability of employees to carry out day-to-day operations, and other resources; that the Company will have sufficient cash flow, debt or equity sources or other financial resources required to fund its capital and operating expenditures and requirements as needed; that the Company will have adequate funding to continue operations; that the Company will successfully negotiate agreements; receipt of required regulatory approvals; the ability of the Company to increase production at a consistent rate; infrastructure capacity; commodity prices will not further deteriorate significantly; the ability of the Company to obtain equipment and services in a timely manner to carry out exploration, development and exploitation activities; future capital expenditures; availability of skilled labour; timing and amount of capital expenditures; uninterrupted access to infrastructure; the impact of increasing competition; conditions in general economic and financial markets; effects of regulation by governmental agencies; that the Company’s appeal of various tax assessments will be successful; that the enactment of the Act in Tanzania will not impair the Company’s rights under the PSA to develop and market natural gas in Tanzania; current or, where applicable, proposed industry conditions, laws and regulations will continue in effect or as anticipated as described herein; and other matters. The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. CONTACT: For further information please contact: Jay Lyons Interim Chief Executive Officer +44-7798-502316 firstname.lastname@example.org Blaine Karst Chief Financial Officer +44-7471-902734 email@example.com For media enquiries please contact: Mark Antelme Jimmy Lea +44 (0)20 8434 2754 firstname.lastname@example.org
The histories, poems and novels were all there, lining the shelves of some of the best known Black-owned and activist bookstores in the United States. And the talk filling cultural hubs like Busboys and Poets in Washington on Wednesday was about the latest chapter in U.S. civil rights: the murder conviction of a white police officer for killing a Black man. Two Black men - Onye Dibia, 40, who works in IT, and musician Kaseim Watts, 26 - chatted over coffee near a poster of the late congressman and civil rights icon John Lewis, at Busboys and Poets on Wednesday.
Radnor, Pennsylvania--(Newsfile Corp. - April 21, 2021) - The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed against Plug Power Inc. (NASDAQ: PLUG) ("Plug") on behalf of those who purchased or acquired Plug securities between November 9, 2020 and March 1, 2021, inclusive (the "Class Period").Investor Deadline Reminder: Investors who purchased or acquired Plug securities during the Class Period ...
PJT Partners Inc. ("PJT Partners") (NYSE:PJT) announced that it expects to release its first quarter 2021 financial results on Tuesday morning, April 27, 2021. The earnings release will be available through the Investor Relations section of the PJT Partners website at www.pjtpartners.com.