On Wednesday, Following U.S. Stocks were among the “Top Losers”: Swift Energy, (NYSE:SFY), The McClatchy Company, (NYSE:MNI), The Habit Restaurants, (NASDAQ:HABT), Second Sight Medical Products, (NASDAQ:EYES)
Swift Energy, (NYSE:SFY), with shares dwindled -8.33%, closed at $2.42.
The McClatchy Company, (NYSE:MNI), with shares declined -8.16%, settled at $1.80, hitting new 52-week low of $1.78.
The Habit Restaurants, (NASDAQ:HABT), with shares dipped -8.13%, and closed at $32.66.
Second Sight Medical Products, (NASDAQ:EYES), dropped -7.37%, and closed at $15.96.
Latest NEWS regarding these Stocks are depicted underneath:
Swift Energy Co. (NYSE:SFY)
Formerly on February 26, Swift Energy Co. (SFY), stated its 2014 year-end and fourth quarter financial and operating results.
Fourth Quarter and Full-Year 2014 Results:
Swift Energy’s full year 2014 production was 12.39 MMBoe, an raise of 5% contrast to 2013 production of 11.75 MMBoe. Production for the fourth quarter 2014 of 3.00 MMBoe was roughly flat with third quarter 2014 levels and reduced 3% contrast to fourth quarter 2013 production of 3.09 MMBoe.
Full year production in the Eagle Ford, where about 85% of 2014 capital spending was directed, was 8.39 MMBoe, an raise of 32% from 2013 production of 6.36 MMBoe.
Terry Swift noted, “Not including the influence from our sale in Fasken to Saka Energi, Eagle Ford production would have raised 46% year-to-year. Even after this sale of production volumes, we achieved a corporate wide year end net exit rate of about 38,000 Boe/d.”
Reserve Estimates:
Swift Energy’s year-end 2014 estimate of proved reserves was 193.8 MMBoe, 12% lower than 2013 year-end proved reserves of 219.2 MMBoe, primarily due to the sale of a portion of the Corporation’s Fasken properties. These year-end 2014 proved reserves are 59% natural gas and 34% proved developed.
Terry Swift added, “Based upon the performance of our Fasken wells, we raised our Fasken per well reserve bookings by 20% to 12 Bcf. We began deploying our improved drilling and completions technique in Fasken a little over a year ago, and I can proudly say these wells are averaging roughly 3 Bcf of cumulative production in their first year. While it is still early, a lot of these wells are tracking above their 12 Bcf type curve.
“Not including the influence from the sale of reserves to Saka Energi, 2014 year-end reserve quantities would have raised 3%.”
Operations Update:
Swift Energy drilled eight operated development wells in the quarter, which comprised of four wells in the Corporation’s Fasken area in Webb County and four wells in McMullen County. The corporation accomplished six wells in the quarter, all under budget, counting four in Webb County and two in McMullen County.
For the year, Swift Energy drilled 36 wells and accomplished 33 wells.
The Corporation placed 4 wells on production at its Fasken lease in Webb County during the quarter. The Corporation has now brought 14 successive wells online at Fasken that have exceeded 20 MMcf/d of gas in initial production. The corporation also drilled its longest lateral to date of 7,614 feet in Fasken during the quarter.
The Bracken JV EF 15H and 16H represent the two highest initial rate wells drilled and accomplished in the corporation’s recent history and marks the fourth distinct area in South Texas where Swift Energy has demonstrated immediate benefits regardingits precise drilling and engineered completion efforts.
The corporation was also recently successful in acquiring about 12,635 acres of high quality, contiguous Eagle Ford gas acreage at Oro Grande in La Salle County. The lease also contains a one year option to lease an additional contiguous 11,850 acres in McMullen County.
Terry Swift noted, “We believe the addition of the 24,000 acres at Oro Grande complements our existing portfolio of high-graded Eagle Ford opportunities extremely well. We look forward to transferring our improved drill and complete techniques to this area in the near future.”
Swift Energy Corporation, an independent oil and gas corporation, attains, explores, develops, and operates oil and gas properties. The corporation focuses on the Eagle Ford trend of South Texas, in addition to the onshore and inland waters of Louisiana.
The McClatchy Corporation (NYSE:MNI)
Formerly on February 17, The McClatchy Corporation (MNI), declared that it has signed on as a media partner with Matter, a San Francisco-based venture capital firm and incubator that supports promising media startups and entrepreneurs.
“This is a very exciting partnership and opportunity for McClatchy,” said Pat Talamantes, McClatchy president and CEO. “In the midst of our corporation’s own digital transformation, Matter and the startups it nurtures will provide ideas, innovation and potential new business models for successful media companies of the future.”
In addition to McClatchy, The Associated Press, A.H. Belo Corporation and Community Newspaper Holdings Inc. will join founding media partners KQED Public Media for Northern California, the John S. and James L. Knight Foundation and Public Radio Exchange in support of the Matter program.
The new partnership features a powerful mix of international, national and local media organizations with a vast reach across television, radio, digital and print. The network of media partners gives participating startups extensive mentorship by industry leaders, connections to potential customers and real-world opportunities to test their ideas.
Matter, founded in 2012, brings selected startups together at its San Francisco headquarters that “have potential to become meaningful media institutions of the future – creating a more informed, connected and empowered society.”
Matter invests seed capital and provides an intensive, five-month program for the budding entrepreneurs to refine their business plans, develop prototypes, work collaboratively with other entrepreneurs and learn from leaders in media and technology. The program culminates with “demo days” presentations in San Francisco and New York in front of a select group of investors, media executives, mentors and others.
Matter has a current portfolio of 19 early-stage media ventures.
The McClatchy Corporation is a 21st century news and information leader, publisher of iconic brands such as the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and the (Fort Worth) Star-Telegram. McClatchy operates media companies in 28 U.S. markets in 14 states, providing each of its communities with high-quality news and advertising services in a wide array of digital and print formats.
The Habit Restaurants, Inc. (NASDAQ:HABT)
The Habit Restaurants, Inc. (HABT), declared financial results for its fourth quarter and fiscal year ended December 30, 2014.
Highlights for the fourth quarter ended December 30, 2014:
Total proceed for the 13-week fourth quarter of 2014 was $48.4 million contrast to $35.5 million in the 14-week fourth quarter of 2013. Fourth quarter 2013 results comprised of about $2.5 million in proceed attributed to the extra week. Not including the additional week of sales in the fourth quarter of 2013, proceed raised by 46.7%.
Corporation-wide comparable restaurant sales raised 13.2% on a comparable 13-week basis.
Net revenue for the fourth quarter of 2014 was $0.6 million, contrast to $1.4 million in the fourth quarter of 2013.
Adjusted fully distributed pro forma net revenue(1) for the fourth quarter of 2014 was $0.7 million, or $0.02 per fully distributed weighted average share.
Adjusted EBITDA raised 41.5% to $5.3 million for the fourth quarter of 2014, contrast with $3.7 million for the fourth quarter of 2013.
The Corporation opened 11 restaurants during the fourth quarter of 2014 to finish the year with 109 corporation-owned locations and one licensed location.
Adjusted fully distributed pro forma net revenue and adjusted EBITDA are non-GAAP measures. A reconciliation of GAAP net revenue to each of these measures is comprised of in the accompanying financial data. See also “Non-GAAP Financial Measures.”
“2014 was a remarkable year for The Habit. Among the highlights were the opening of our 100th Habit restaurant, the opening of our first restaurant on the East Coast and our burger being named the “best tasting burger in America” by one of America’s leading consumer magazines. We also accomplished our IPO and stated our 44th successive fiscal quarter of positive comparable restaurant sales growth,” said Russ Bendel, President and Chief Executive Officer of The Habit Restaurants, Inc. “We believe that our commitment to quality, the warm and inviting atmosphere of our stores, our ability to consistently deliver genuine hospitality and deliver exceptional value position us well to continue our growth in the fast casual restaurant segment.”
The Habit Restaurants, Inc. focuses on operating fast casual restaurants under The Habit Burger Grill name in the United States. Its restaurants would offer charbroiled hamburgers, specialty sandwiches, fresh salads, and shakes and malts.
Second Sight Medical Products, Inc. (NASDAQ:EYES)
Second Sight Medical Products, Inc. (EYES), , a leading developer, manufacturer and marketer of implantable visual prosthetics to provide functional vision to blind patients, stated financial results for the three- and twelve- month periods ended December 31, 2014.
Fourth Quarter 2014 Financial Results:
Total proceed was $1.5 million for the fourth quarter of 2014, up 170% contrast with $0.6 million in the fourth quarter of 2013. The raise was primarily due to a higher number of implanted Argus II retinal prostheses in the fourth quarter of 2014 when contrast to the year-ago quarter.
Gross profit was $0.1 million in the fourth quarter of 2014, contrast to a gross loss of $(1.0) million in the fourth quarter of 2013. The improvement reflects the higher proceed in the 2014 period, coupled with a higher level of production in Q4 2014, which allowed us to spread our manufacturing overhead across more units, lowering our overall cost per unit.
Total costs and operating expenses in the fourth quarter of 2014 were $5.7 million, contrast with $3.3 million in the fourth quarter of 2013, reflecting the Corporation’s raised investment in sales, marketing, and research and development, coupled with the cost of being a publicly-traded corporation.
Operating loss in the fourth quarter of 2014 was $(5.6) million, contrast to an operating loss of $(4.3) million in the fourth quarter of 2013.
Net loss in the fourth quarter of 2014 was $(13.6) million, or $(0.46) per share, contrast with a net loss of $(6.0) million, or $(0.27) per share, in the preceding year quarter. We recorded non-cash charges of $8.4 million during the fourth quarter, contrast with non-cash charges of $1.8 million during the fourth quarter of 2013, largely related to the conversion of our convertible promissory notes to ordinary stock during our IPO in November 2014.
Non-GAAP adjusted net loss in the fourth quarter of 2014 was $(5.1) million, or a non-GAAP net loss of $(0.17) per share, contrast to a non-GAAP adjusted net loss of $(4.2) million, or $(0.19) per share in the fourth quarter of 2013.
Second Sight Medical Products, Inc., a medical device corporation, develops, manufactures, and markets implantable prosthetic devices to restore functional vision to blind patients.
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.
