On Friday, Sophiris Bio Inc (NASDAQ:SPHS)’s shares declined -1.63% to $0.845.
Sophiris Bio Inc (SPHS) declared financial results for the three months ended March 31, 2015.
Financial Results
At March 31, 2015, we had cash, cash equivalents and securities accessible-for-sale of $17.0 million and net working capital of $15.5 million. We expect that our cash, cash equivalents and securities accessible-for-sale as of March 31, 2015 will be sufficient to fund our operations through the end of April 2016, assuming that we do not initiate any additional clinical development of PRX302 other than our planned Phase 2a proof of concept trial for low to intermediate risk prostate cancer. We will need to find additional capital to fund a second Phase 3 clinical trial of PRX302 for the treatment of the symptoms of BPH and for any future clinical development of PRX302 for the treatment of localized prostate cancer beyond our planned Phase 2a proof of concept clinical trial.
The Company stated a net loss of $4.3 million ($0.26 per share) for the three months ended March 31, 2015 contrast to a net loss of $8.5 million ($0.52 per share) for the three months ended March 31, 2014.
Sophiris Bio, Inc., a clinical-stage biopharmaceutical company, focuses on the development of products for the treatment of urological diseases. The company’s primary product candidate is PRX302, which is in Phase III clinical trial for treatment for the symptoms of benign prostatic hyperplasia (BPH), in addition to for the treatment of localized low to intermediate risk prostate cancer.
Norfolk Southern Corp. (NYSE:NSC)’s shares dropped -1.6% to $95.53.
Jeffrey S. Heller and Cary G. Booth have assumed additional responsibilities in Norfolk Southern Corp. (NSC)’s intermodal department, declared Alan H. Shaw, executive vice president and chief marketing officer.
Heller, presently vice president intermodal and automotive marketing, is now vice president intermodal and automotive, and will report to Shaw. Heller will continue responsibility for intermodal and automotive marketing and sales, adding responsibility for intermodal operations and systems.
Booth, presently assistant vice president intermodal service development, is now group vice president intermodal operations, and will report to Heller, with responsibility for intermodal terminals, equipment, and service.
Booth joined Norfolk Southern in 1984 as a administration trainee. He served in positions of increasing responsibility in the corporation’s marketing and intermodal departments before being named director intermodal operations East in 1998 and then assistant vice president intermodal service development, his most recent position, in 2006. Booth holds degrees from Washington and Lee University and the University of Virginia.
Norfolk Southern Corporation, together with its auxiliaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. As of December 31, 2014, it operated about 20,000 miles of road in 22 states and the District of Columbia.
At the end of Friday’s trade, Cheetah Mobile Inc (ADR) (NYSE:CMCM)‘s shares dipped -1.5% to $33.46.
Cheetah Mobile Inc (ADR) (CMCM) declared its unaudited financial results for the quarter ended March 31, 2015.
First Quarter 2015 Financial Highlights
- Total revenuesraised by 113.0% year-over-year and 14.2% quarter-over-quarter to RMB672.5 million (US$108.5 million).
- Mobile revenues[1] raised by 584.1% year-over-year and 65.4% quarter-over-quarter to RMB367.4 million (US$59.3 million), which was driven by noteworthygrowth in mobile advertising revenues in both the overseas and domestic markets. Mobile revenues accounted for 55% of total revenues.
First Quarter 2015 Key Operating Metrics
- Total global mobile user installations raised by 23.1% quarter-over-quarter to 1,340.5 million as of March 31, 2015.
- Mobile monthly active users (“Mobile MAUs”) raised by 48 million quarter-over-quarter to 443.6 million in March 2015. Mobile MAUs from overseas markets were 70.9% of total mobile MAUs in March 2015.
First Quarter 2015 Financial Results
REVENUES
Total revenues for the first quarter of 2015 raised by 113.0% to RMB672.5 million (US$108.5 million) from RMB315.7 million in the preceding year period. This enhance was driven by the Company’s organic business growth, primarily due to substantial improvements in mobile monetization.
- Revenues from online marketing servicesraised by 141.1% to RMB559.9 million (US$90.3 million) in the first quarter of 2015 from RMB232.2 million in the preceding year period. This enhance was primarily driven by the strong demand for the Company’s mobile advertising business in overseas and domestic markets in addition to the rapid growth of the worldwide mobile advertising market.
- Revenues frominternet value added services (“IVAS”) raised by 35.3% to RMB97.2 million (US$15.7 million) in the first quarter of 2015 from RMB71.8 million in the preceding year period. This enhance primarily reflected the growth of revenue from mobile and PC games published by the Company.
Cheetah Mobile Inc. operates a platform that offer mobile and PC applications for users and global content distribution channels for business partners in China. The company’s suite of applications optimizes mobile and PC Internet system performance and provides real time protection against known and unknown security threats.
Restaurant Brands International Inc (NYSE:QSR), ended its Friday’s trading session with -1.68% loss, and closed at $39.84.
Restaurant Brands International Inc (QSR) and 1011778 B.C. Unlimited Liability Company and New Red Finance, Inc. declared that the Issuers have closed their formerly declared private offering of $1,250 million in aggregate principal amount of 4.625% First Lien Senior Secured Notes (the “Notes”). The Notes were offered at an original issue price of 100.00% and will mature on January 15, 2022 . The Notes are first lien senior secured obligations and will rank pari passu in right of payment with all of the Issuers’ existing and future senior indebtedness, counting the Issuers’ first lien term loan facility (the “First Lien Term Loan Facility”). The Notes will be guaranteed on a senior secured basis by certain of their existing and future direct and indirect wholly owned restricted auxiliaries organized in the U.S. and Canada .
The net proceeds from the offering of the Notes, together with cash on hand, were used to repay about $1,550 million of the amount outstanding under the First Lien Term Loan Facility.
The Issuers also declared recently the closing of the refinancing of their First Lien Term Loan Facility resulting in an interest rate reduction to LIBOR + 2.75% with a 1.00% LIBOR floor. The facility has a maturity date of December 12, 2021 .
Restaurant Brands International Inc. owns and operates quick service restaurants under the Burger King and Tim Hortons brand names. As of February 17, 2015, it franchised or owned 19,043 restaurants in about 100 countries and U.S. territories worldwide.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
