Second quarter fiscal 2024 revenue of $150 million, representing 39% year-over-year growth GAAP gross margin of 1% and non-GAAP gross margin of 3%, reflecting 19 percentage point margin impact from inventory impairment charge Reduction of estimated $30 million in annualized operating expenses Third quarter fiscal 2024 revenue guidance of $150 – $165 million, and annual […]
The Army’s Armored Combat Vehicle reaches second phase of low-rate production with Allison’s 3040 MX™ cross-drive transmission. INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, has been awarded a contract worth approximately $13 million for the second phase of the U.S. Army’s Low-Rate Initial […]
NEW YORK–(BUSINESS WIRE)–The Growth for Good Acquisition Corporation (NASDAQ: GFGD) (“Growth for Good”) today announced that it reconvened and then, following the passing of an ordinary resolution by shareholders, further adjourned, without conducting any other business, its extraordinary general meeting of shareholders (the “Meeting”) to September 8, 2023 at 11:00 a.m., Eastern Time. The adjourned […]
Two key organizers of the 2022 trucker protest argued that their efforts were a form of free speech, as prosecutors asserted that “this case is not about their political views.”
FirstNet Trusted™ SHIELD MegaFi is 6x more powerful than standard routers, strengthening connectivity at the network edge. SAN DIEGO–(BUSINESS WIRE)–Today, Nextivity – the industry leader in intelligent cellular coverage solutions – released SHIELD MegaFi, the next generation of High Power User Equipment (HPUE) on the market. A cloud-supported and SD-WAN capable mobile Wi-Fi router, SHIELD […]
Star Leasing, Commercial Trailer Leasing, and North East Trailer Services to have combined fleet of approximately 55,000 trailers MIAMI–(BUSINESS WIRE)–Star Leasing Company, a leading provider of trailer leasing and maintenance services and a portfolio company of I Squared Capital, announced today that it has signed an agreement to combine with Commercial Trailer Leasing (CTL), a […]
DALLAS–(BUSINESS WIRE)–Kandi America (“Kandi” or “the Company”), a leading distributor of all-electric personal transportation and utility vehicles, today commented on its growing traction across distribution channels and product categories in its primary North America at the recently completed Mid-States Rendezvous. Kandi America is the trade name for SC Autosports, LLC, a wholly owned subsidiary of […]