On Thursday, Shares of ClickSoftware Technologies Ltd. (NASDAQ:CKSW), gained 26.48% to $12.42, hitting its highest level.
ClickSoftware Technologies, declared that it will release its first quarter 2015 financial results on Wednesday, May 6, 2015, during pre-market hours.
ClickSoftware will host a conference call and live webcast on the same day, at 9:00 a.m. ET. The earnings release and supplemental slides will be accessible on the Company’s website at http://ir.clicksoftware.com preceding to the call.
ClickSoftware Technologies Ltd. provides software products and solutions for workforce administration and service operations in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Israel.
At the end of Thursday’s trade, Shares of xG Technology, Inc. (NASDAQ:XGTI), jumped 22.06% to $0.31.
DirectView Holdings, declared its agreement with xG Technology, Inc. (NASDAQ:XGTI, XGTIW), a developer of wireless communications and spectrum sharing technologies, to integrate DirectView’s body-worn camera with xG’s xMax private mobile broadband technology.
The proprietary integrated solution (code named the “DVXG-1000″) is planned to be launched in the third quarter of 2015. The DVXG-1000 will consolidate the advanced features and functionality of DirectView’s body-worn camera with the private, secure, high-performance communications capabilities of xG’s xMax. Both companies intend to initially focus joint marketing efforts toward the law enforcement, military, government, education and real estate security markets. The DVXG-1000 will have a number of state of the art features counting high capacity streaming video, Bluetooth®, GPS, push to talk, WIFI/4G LTE, and imbedded biometric access.
With a number of recent high-profile law enforcement incidents bringing national attention to the need for the use of body-worn cameras by public safety and police officers, both companies see a rapidly increasing market for real-time video access to personnel in security related operations. The use of body worn cameras has also become a high profile topic of political debate. President Obama has recently projected federal spending of $75 million (as part a broader community policing initiative) to assist pay for 50,000 body-worn law enforcement cameras. Additionally, on April 29th, Presidential hopeful Hillary Clinton advocated that all police departments in the country have body cameras to record interactions between officers on patrol and suspects.
xG Technology, Inc. develops communications technologies for wireless networks worldwide. The company’s intellectual property is embedded in proprietary software algorithms designed to offer cognitive interference mitigation and spectrum access solutions to organizations in a various industries, counting national defense and rural broadband.
Civeo Corporation (NYSE:CVEO), ended its last trade with 18.83% gain, and closed at $4.67.
Civeo Corporation, stated financial results for the first quarter ended March 31, 2015.
FIRST QUARTER 2015 RESULTS
In the first quarter of 2015, the Company generated revenues of $171.0 million, EBITDA of $48.1 million and Adjusted EBITDA of $53.0 million. Net loss for the quarter was essentially zero, inclusive of a $2.4 million (or $0.02 per diluted share) after-tax loss related to a decision to close Civeo’s U.S. manufacturing facility and a $0.8 million (or $0.01 per diluted share) after-tax loss from costs incurred in connection with the projected migration to Canada.
In the first quarter of 2014, the Company generated revenues of $252.8 million. Net income in the year ago period was $36.2 million, or $0.34 per diluted share. EBITDA and Adjusted EBITDA in the first quarter of 2014 was $92.3 million and $92.9 million, respectively.
Revenues and Adjusted EBITDA declined in 2015 as contrast to 2014 primarily due to lower occupancy levels in the Company’s Australian villages and Canadian lodges. In addition, first quarter 2015 results were influenced by the unfavorable impact of a stronger U.S. dollar contrast to the Canadian dollar and the Australian dollar, which declined in relative value by 11% and 12%, respectively, on a year-over-year basis.
Civeo Corporation provides remote site accommodations for the natural resource industry in Australia, Canada, and the United States. It also offers facility administration services, counting food services; customized facility administration information systems that provide clients with the tools and information necessary to manage the allocation of contracted rooms and service days.
Finally, CARBO Ceramics Inc. (NYSE:CRR), closed at $44.23, with 17.85% gain.
CARBO Ceramics, stated a GAAP net loss of $28.6 million, or a loss of $1.24 per share, on revenues of $73.7 million for the quarter ended March 31, 2015. This net loss comprises $16.7 million, or $0.73 per share in miscellaneous after-tax charges and $5.5 million, or $0.24 per share of after-tax costs associated with slowing and idling production. Of the $22.2 million in after-tax charges and other production costs, $15.2 million were non-cash related.
Natural Gas Contracts
The Company has historically reached natural gas contracts to supply its domestic manufacturing facilities. These contracts call for taking physical delivery of the natural gas as the contracts come to term. Given the mothballing, slowing and idling of its domestic facilities during the first quarter, the Company was unable to consume all of the natural gas for which it was contracted. As a result, the relevant contracts will now be accounted for as derivative instruments and will be revalued on a periodic basis.
CARBO Ceramics Inc., an oilfield services technology company, manufactures and sells ceramic proppants, resin-coated ceramic, and resin-coated sand proppants for use in the hydraulic fracturing of natural gas and oil wells in the United States and internationally.
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