news - The SiLLC Assembly

Deutsche Rohstoff Group Starts 2023 with Strong Q1 Earnings and Increased Production

May 11, 2023 [crocon media – msch] – Deutsche Rohstoff Group has reported a strong start to 2023, with increased earnings and growth in oil and gas production. In Q1 2023, the company generated earnings of EUR 14.6 million, corresponding to EUR 2.86 per share, which is an improvement from the previous year’s EUR 12.8 million and EUR 2.36 per share. Key highlights include:

Revenue of EUR 42.7 million, a 50% increase from the previous year’s EUR 28.1 million
EBITDA at EUR 32.3 million, significantly higher than the previous year’s EUR 25.2 million
Operating cash flow of EUR 42.9 million, compared to EUR 6.8 million in the previous year
Oil and gas production growth of over 38%, amounting to 976,832 barrels of oil equivalent (BOE) and 477,191 barrels of oil (BO)
Net income from hedging transactions balanced, compared to EUR -10.5 million losses in the previous year
Equity ratio surpassing 40% for the first time since 2015

In the first quarter, the average realized oil price after hedges was USD 74.62/bbl, with WTI trading at an average of USD 75.93/bbl. The consolidated balance sheet reflects the positive results, with consolidated equity increasing to EUR 144.8 million at the end of Q1 2023 and the equity ratio reaching 40.2%.

Cash flow from operating activities amounted to EUR 42.9 million, while cash flow from investing activities reached EUR 37.6 million. The company expects a significant increase in production volumes in the second half of the year, particularly with the start of production from ten wells in a joint venture with Oxy and three of 1876 Resources’ own wells.

For 2023, the company’s guidance projects revenues between EUR 150 and 170 million, EBITDA between EUR 115 and 130 million, and a clearly positive Group result.

Read the original press release for more details : https://rohstoff.de/en/eur-42-7-million-revenue-in-q1-2023/

************************

Disclaimer
All transactions are carried out by The SiLLC Assembly, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to provide general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions, and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relate to The SiLLC Assembly International.

Broadwind, Inc. Showcases Strong Q1 2023 Performance, Exceeding Expectations and Making Strides Towards Future Growth

May 11, 2023 [crocon media – msch] – Broadwind, Inc. (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions for global markets, has released its financial results for Q1 2023, revealing substantial improvements over the same period last year.

In terms of positive aspects, Broadwind’s total revenue rose by 17% year-over-year (y/y) to $48.9 million, while its total gross profit reached $7.0 million, marking a significant increase of $5.0 million y/y. Broadwind’s GAAP net income stood at $0.8 million, up $3.2 million y/y, and the company’s non-GAAP adjusted EBITDA was $4.1 million, a notable increase of $4.1 million y/y. The company’s total backlog also rose dramatically by $170.7 million y/y to a robust $287.8 million, indicating a healthy pipeline of future business.

Furthermore, Broadwind provided updated full-year 2023 financial guidance, projecting total revenue between $205 million to $220 million, positive GAAP net income, and total non-GAAP adjusted EBITDA between $16 million to $18 million. This suggests a strong outlook for the rest of the year.

However, there are aspects of the report that are just okay. While Broadwind reported strong revenue and profit growth, the company’s total cash on hand and availability under its credit facility was $12.3 million, down from $40.1 million at the end of Q4 2022. This decrease was due to heavy investments in working capital to support incremental wind tower demand, resulting in a sequential decline in total liquidity, although this was expected.

Broadwind has also pursued aggressive strategies to increase its share of wallet with existing customers and expand into complementary adjacent markets. For instance, the company recently announced an $8 million order for its proprietary Mobile Pressure Reducing Systems (PRS) and related accessories, which are critical components in “virtual pipelines” supplying compressed natural gas to regions without established pipeline infrastructure.

The company’s robust growth strategy, focused on organic growth, revenue mix diversification, improved asset optimization, and disciplined capital management, positions it for continued success in the coming years. However, the company will need to carefully manage its liquidity and continue its strong operational performance to maintain its current momentum.

In summary, Broadwind’s Q1 2023 financial results reflect a company that is executing well on its growth strategies, improving its financial performance, and showing promise for the remainder of the year.

Read the original press release for more details : https://www.globenewswire.com/news-release/2023/05/11/2666528/13041/en/Broadwind-Announces-First-Quarter-2023-Results.html

************************

IMD Revolutionizes Learning Experience with ARHT Hologram Technology Investment

May 10, 2023 [crocon media – msch] – The International Institute for Management Development (IMD), a renowned independent university institute, is taking giant strides in enhancing its executive education programs. It has recently installed ARHT’s live hologram technology on its campuses in Lausanne, Switzerland, and Singapore, marking a significant investment in technology-mediated teaching capabilities.

This innovative technology is set to transform the way IMD delivers its programs. It enables faculty and guest speakers to engage with students on both campuses without the need for air travel, thereby expanding the reach of the institute. This move aligns with IMD’s strategic commitment to innovation and improving the overall learning experience for its students.

The implementation of ARHT’s hologram technology is not just about expanding reach; it’s also about enhancing the quality of engagement. IMD expects the technology to improve engagement and retention levels for its programs. The life-size, life-like projections of faculty and other experts create an immersive learning environment that goes beyond the capabilities of standard video conferencing tools.

Complementing the hologram technology, IMD has also introduced ARHT Capture Studio and ARHT screens in Lausanne and Singapore. This allows participants on both campuses to engage with projections of faculty and other experts as if they were physically present. The immersive experience promises to make learning more engaging and effective.

One additional benefit of this technological shift is the positive impact on sustainability. The reduced requirement for travel means that IMD can expand its programs to a larger number of participants while minimizing its carbon footprint.

Louis Leclézio, IMD’s Chief Digital and Customer Experience Officer, expressed his excitement about the collaboration, stating that it would enhance the institute’s commitment towards sustainability and learning equity. He believes that the partnership will allow IMD to bridge physical distances, offering its courses and expertise to students all over the world.

With its pioneering approach and willingness to embrace cutting-edge technology, IMD is truly setting the pace for a new era of immersive and effective education.

Read the original press release for more details : https://www.globenewswire.com/news-release/2023/05/10/2665472/0/en/IMD-invests-in-ARHT-hologram-technology-to-improve-learning-capabilities-and-experience.html

************************