Bravura Holdings Limited (CMBI.mu) listed on the Stock Exchange of Mauritius under the Financial sector has released it’s 2016 interim results for the third quarter.For more information about Bravura Holdings Limited (CMBI.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Bravura Holdings Limited (CMBI.mu) company page on AfricanFinancials.Document: Bravura Holdings Limited (CMBI.mu) 2016 interim results for the third quarter.Company ProfileBravura Holdings Limited (formerly CMB International) is an investment holding bank situated in Ebene, Mauritius, and invests in Sub-Saharan African markets, with particular attention on Mozambique and Zambia. Whilst the company is a subsidiary of Capital Markets Brokers, the latter is a leading shareholder of the Stock Exchange of Mauritius since its establishment in 1989. The company disseminates its services through its subsidiaries offering financial services, financial advisory, investment banking for businesses and for entities that have focused their investments in financial instruments, including derivatives and equity. Bravura Holdings Limited is listed on the Stock Exchange of Mauritius.
ArchDaily ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/927798/grow-house-royal-house-co Clipboard Grow House / Royal House Co.Save this projectSaveGrow House / Royal House Co.Save this picture!Courtesy of Royal House+ 22Curated by Paula Pintos Share Houses Save this picture!Courtesy of Royal HouseRecommended ProductsEnclosures / Double Skin FacadesFranken-SchotterFacade System – LINEAEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreWoodSculptformTimber Click-on BattensWoodParklex International S.L.Wood cladding – FacadeText description provided by the architects. In recent years, our lives have been diversified and we are looking for a new way of living. We focused on two points: “Free and open skeleton design” and “DIY for residents”, which correspond to diverse lifestyles.Save this picture!Courtesy of Royal HouseSave this picture!PlanSave this picture!DetailSave this picture!Courtesy of Royal HouseFirst, a wooden one-story house characterizes this house with a large roof like an old private house with a steep roof with a ceiling height of 8m. We focused on the variability of this large space and made it a pattern so that it could be used in various living spaces. The structure is a wooden house with a truss roof. Since the truss structure is manufactured in the factory, various roof designs can be created. Truss structure opens up possibilities for wooden design.Save this picture!Courtesy of Royal HouseThe truss structure can also be used for DIY. Change the truss to storage, change to the partitioned. We are thinking so that amateurs can create it. And, I have an image of Japanese gassho style Design (thatched-roof house) Gassho style roofs are rebuilt once every decades. Neighbors gather to help change the roof. I want to revive the spirit of helping each other. And in order to take over the gassho style system, the truss structure system is highly possible.Save this picture!Courtesy of Royal HouseProject gallerySee allShow lessTwo Moon / Moon HoonSelected ProjectsI Was Born Installation / HAJIME YOSHIDA ARCHITECTURE + YOSHIHIRO MIKAMISelected Projects Share Year: “COPY” Projects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/927798/grow-house-royal-house-co Clipboard Grow House / Royal House Co. Area: 123 m² Year Completion year of this architecture project Architects: Royal House Co. Area Area of this architecture project CopyAbout this officeRoyal House Co.OfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookOyamaJapanPublished on November 06, 2019Cite: “Grow House / Royal House Co.” 05 Nov 2019. ArchDaily. Accessed 10 Jun 2021.
Scranton, Pa. The third and final day for Mumia Abu-Jamal’s lawsuit against the Pennsylvania Department of Corrections ended on Dec. 23 with the jaw-dropping revelation that the lawyer representing the DOC had knowingly introduced false evidence. In this case, the DOC is the defendant.Supporters rally on first day of hearing, Dec 18.WW photo: Joseph PietteThe case involves Abu-Jamal’s charges of medical misconduct and negligence against the DOC and his request for anti-viral medications to cure his hepatitis C. The hearing was held before 3rd Circuit Federal District Court Judge Robert Mariani in Scranton, Pa.This hearing’s resolution holds tremendous potential for the thousands of prisoners suffering from untreated but curable Hep C. To put these numbers in perspective — while 1 percent of the general population has the Hep C virus, for prisoners the number is closer to 17 percent.The major shocker came as Abu-Jamal’s lead attorney, Robert Boyle, cross-examined Dr. Paul Noel, chief medical officer of the Pennsylvania DOC. Boyle asked Noel to confirm that it was his affidavit that DOC attorney Laura Neal had introduced into evidence.Under oath, Noel responded, “No.” He explained that while the document bore his signature it was not the affidavit he had signed. He said it contained a paragraph that he had instructed Neal to omit. Noel testified that he told Neal on multiple occasions that the inserted paragraph was incorrect. In September 2015, this same altered affidavit was the key piece of “evidence” used by a Pennsylvania magistrate judge to deny a hearing for Abu-Jamal’s case. Attorney Neal had knowingly tampered with the evidence by including an erroneous statement that Abu-Jamal’s low hepatitis C viral load level meant he would not sicken for many years. Most hepatitis C experts agree that a patient’s viral load has nothing to do with the progression of the disease.As Neal stumbled with excuses that the information was factually correct, Dr. Noel replied, “But misleading and false in its conclusions.” At this point, Judge Mariani cautioned Neal that she was at risk of “impeaching her own witness.”Dr. Noel acknowledged that another paragraph in his affidavit was also false. This one stated that Dr. Ramon Gadea, the only infectious disease specialist to examine Mumia, “ruled out hepatitis C as a cause for Abu-Jamal’s extreme skin eruptions.” On the contrary, Gadea’s discharge orders for Abu-Jamal following a Sept. 9 consultation stated that hepatitis C could be a secondary cause of the severe skin rash Abu-Jamal still suffered from. Gadea recommended that Hep C should be treated after ruling out a rheumatoid condition.After first stating that “it was anything but clear” that Abu-Jamal should get treatment, Noel finally agreed with Boyle that Abu-Jamal’s baseline tests for key Hep C indicators were grounds for his receiving the anti-viral cure. Abu-Jamal already has significant fibrosis (scarring of the liver); anemia of chronic disease; low blood platelets; a severe extrahepatic skin condition; and a 63 percent chance of having cirrhosis of the liver.Protocols deny careThe DOC has stalled in treating Abu-Jamal and thousands of other prisoners in Pennsylvania’s prisons with active hepatitis C and claims that first it needs protocols to prioritize which prisoners would be sick enough to get the costly anti-viral drugs.Attorney Neal made another blunder by attempting to insert the DOC’s new Hep C “interim protocol” into evidence. Claiming that the document had to be kept from public view, Neal insisted that Abu-Jamal’s attorneys sign confidentiality agreements not to disclose its contents. They refused.Before court on the final day, the DOC attorneys again tried to pressure Boyle and co-counsel Bret Grote to sign. Both refused, aware that Prison Radio had already filed a request to view the document under Pennsylvania’s “Right to Know” policy.These protocols contain a number of barriers that inmates with chronic hepatitis C have to get through to even be considered for treatment. Yet nothing in the protocols appears to mandate use of the new life-saving anti-viral drugs. The final hurdle to get “consideration for treatment for Hep C” requires an endoscopy of the throat. Even then, the only inmates who might be treated must have an immediate risk of “blood vessels bursting in their throats.” Prisoners might be considered “sick enough to treat for Hep C” if they demonstrate “esophageal varices with a raised portal pressure” as proof of liver cirrhosis. In other words, the sick prisoners must be near death to get this care.Dr. Noel testified that under the new protocols only five out of an estimated 5,000 prisoners with chronic Hep C were being treated with the new anti-viral drug: 0.1 percent. The number of prisoners treated dropped from around 20 under the 2013 treatment protocol using Interferon. During the 22 months while the new protocols were being developed, no prisoner was treated for Hep C.Two anti-viral drugs, Sovaldi and Harvoni, have a 90 percent to 95 percent cure rate for chronic hepatitis C. Gilead Sciences, which controls the sale of these drugs, has priced them at $84,000 and $94,500 respectively.The prison health racketThe latest guidelines from the American Association for the Study of Liver Disease and the Center for Disease Control recommend that all chronic Hep C patients be given the anti-viral drugs without regard to severity of symptoms. Despite the recommendations from these reputable health specialists, Dr. Jay Cowan, whose company, Correctional Medical Associates, oversees medical care in Pennsylvania prisons, testified that the DOC was justified in using their “risk stratification” policy to treat only the sickest patients — those most likely to die without the drugs.CMA is a subsidiary of Corizon Health, the country’s largest for-profit medical services provider for prisons, jails and other detention facilities. The deaths of hundreds of prisoners under their care has resulted in numerous lawsuits against Corizon.Under cross-examination, Boyle asked Cowan to consider, if he had a patient in his private practice with significant chance of liver fibrosis, “would you treat the patient with the new anti-viral direct acting drugs?” Cowan responded, “If they could pay $90,000 for the treatment.”In evidence submitted to the court, Abu-Jamal’s attorneys noted that the cost of treating Abu-Jamal’s skin rash stemming from untreated Hep C was over $160,000. That is, it would have been less expensive to treat earlier with the anti-viral drugs. Judge Mariani’s ruling is not expected for at least six weeks. During that time, the court has to produce written trial transcripts, and the attorneys on both sides will submit written briefs for the judge to review. There will be no additional hearings in Scranton. Mariani’s ruling can also be appealed by either party involved.At the end of the very tumultuous final session, Dr. Joe Harris, the former Black Panther Party member and hepatitis C expert who has served as a medical consultant for Abu-Jamal, said, “This was a Brown v. Topeka [Board of Education] landmark moment for all prisoners suffering from Hep C.” FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
Detroit — After nine months of tough negotiations, nontenured lecturing instructors at the University of Michigan’s three campuses have won an agreement that provides substantial pay increases, improved access to health benefits, increased pension contributions and stronger job security guarantees.The 1,700 members of Lecturing Employees Organization, American Federation of Teachers Local 6244, voting July 11-13, ratified the new contract by a 98 percent majority. There was strong member participation in the electronic ratification process.Under the old contract, starting pay for full-time lecturing instructors was only $27,300 at the Flint campus, $28,300 in Dearborn and $34,500 in Ann Arbor.But many instructors make much less. Many are part time, with no control over their course load, which is decided each semester by the administration. Instructors working less than 60 percent of full time have no health benefits. Those working less than full time pay a large percentage of their health care premiums. A lecturer who teaches two or more classes one semester could lose access to health benefits the next semester if their course load drops to one class.This deplorable situation is not unique to Michigan. Across the country, fewer professors are being hired for full-time, tenure-track positions and are being replaced by lecturers who are paid lower salaries and do not have job security or even a predictable income due to last-minute scheduling.The new contract at UM will raise pay by an average of 50 percent by the third year of the contract. Currently employed lecturers will receive substantial raises. Access to health benefits is now based on an average annual course load.The union did not win everything it had asked for and hopes in future bargaining to address the pay discrepancy between the main Ann Arbor campus and the Flint and Dearborn locations. Lower-paid teachers at the satellite campuses were the most active in the contract struggle.Victory for teachers and students“We’ve been working since October 2017 to create an agreement that will ensure quality education for our students and fair compensation for our members,” said LEO President Ian Robinson, a lecturer in the Sociology Department at UM in Ann Arbor, in a June 22 LEO news release.Kirsten Herold, a lecturer at the UM School of Public Health, LEO vice president and manager of the LEO bargaining team, added: “Higher pay will lead to less turnover, more lecturers working full time — rather than holding multiple part-time jobs — and a more stable learning environment for our students to whom our membership are so dedicated.”This victory was not achieved through skilled negotiations alone. LEO built a public “Respect the Lecs” campaign that included rallies, electronic petitioning and an April 22 sit-in inside the administration building.The union hired organizers who made a point of talking to every member, hearing what their primary issues were and giving regular updates. Teachers were all set to go out on a two-day strike, which was only called off when the administration began agreeing to LEO’s proposals.There was mass support from tenured faculty, the Graduate Employees Organization, other campus workers, students and members of the Board of Regents. Students filled out hundreds of postcards giving their reasons for supporting the union. GEO and LEO have a history of mutual solidarity, which has benefited both groups of exploited education workers.There was also strong support from the nurses in the UM hospital system, who have been dealing with the same hostile management in their negotiations. LEO members are being urged to attend rallies to back the nurses.The upsurge of education worker resistance, beginning with the powerful strike in West Virginia, has spread to higher education.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
RSF calls for a fully transparent investigation after mine kills two journalists in Azerbaijan Organisation to go further Russian peacekeepers deny foreign reporters access to Nagorno-Karabakh News Subject: The State of Press Freedom in AzerbaijanDear Mr. President, As you prepare for an official visit to Baku on 11 and 12 May, Reporters Without Borders, an international organization that campaigns for freedom of information, wishes to draw your attention to the elimination of media pluralism in Azerbaijan. The country lies in 160th place out of 180 in our 2014 World Press Freedom Index. In a media sector already largely controlled by the authorities, the crackdown on journalists, bloggers and independent news outlets continues to intensify. A biased regulatory authority, dubious acquisitions and the manipulation of the advertising market have given the authorities complete control over the broadcasting sector. The main foreign stations such as the BBC and Radio Free Europe have been barred since 2009. A handful of independent newspapers struggle to survive. The main one, Azadlig, is crumbling under the weight of astronomical fines and is close to financial strangulation. News providers that criticize the government face all kinds of attempts to intimidate them: threats, assaults, blackmail, smear campaigns. Show trials that fail to follow due process or respect defence rights are commonplace. At least 10 journalists and numerous bloggers are in prison because of their activities of informing the public. The health of several of these, such as the editor of the daily Khural, Avaz Zeynalli, is a cause of concern. On 12 May, while you will be in Azerbaijan, the Baku assize court will be giving its verdict against the journalist Parviz Hashimli, a reporter for the opposition newspaper Bizim Yol and director of the news site Moderator.az, who has been held in custody since 17 September last year charged with arms trafficking with Iran. This far-fetched charge forms part of a prosecution case that barely hides the political motivation behind the trial. Hashimli, a member of the opposition Popular Front party, also runs the Center to Protect Political and Civil Rights. On 17 March this year, the noted columnist Tofig Yagublu was sentenced to five years in prison after spending a year in custody. The case against Yagublu, who is also deputy president of the Musavat party, arose from his coverage of a demonstration last year in Ismailly calling for the resignation of the governor, which degenerated into a riot.Video footage shows he did not arrive at the location until the second day, as the disturbances were about to die down. AzerbaijanEurope – Central Asia News May 9, 2014 – Updated on January 20, 2016 Open letter to President François Hollande on the occasion of his official visit to Azerbaijan The threats that independent journalists face have forced many to flee the country. However, the authorities’ reach goes well beyond the country’s borders. On 18 April this year, the journalist Rauf Mirkadyrov of the independent newspaper Zerkalo was extradited to Azerbaijan from Turkey where he was based. As soon as he arrived, he was accused of spying for Armenia and put in prison. Mr. President, we urge you to use the opportunity provided by your official visit to raise this matter with your Azeri counterpart, to request the release of the imprisoned journalists and bloggers and to remind him of Azerbaijan’s responsibilities as it prepares to assume the chairmanship of the Committee of Ministers of the Council of Europe. Help by sharing this information Although we understand perfectly well the economic and strategic advantages of closer ties with Baku, a frank dialogue between partners should not ignore a basic freedom guaranteed by Azerbaijan’s constitution and international treaties.We believe that standing up for free and independent media in Azerbaijan is not only consistent with the values upheld by France, but is also indispensible to the healthy development of bilateral relations. The abolition of media pluralism considerably hampers the rule of law and the fight against corruption in Azerbaijan, without which Baku cannot be considered a reliable partner. I thank you for your attention in this matter. Please accept my sincere regards.Christophe DeloireGeneral Secretary, Reporters Without Borders AzerbaijanEurope – Central Asia June 8, 2021 Find out more Follow the news on Azerbaijan Receive email alerts News “We’ll hold Ilham Aliyev personally responsible if anything happens to this blogger in France” RSF says June 4, 2021 Find out more News RSF_en April 9, 2021 Find out more
First Heatwave Expected Next Week Your email address will not be published. Required fields are marked * Assemblymember Chris Holden’s Talent Scam Prevention Bill, AB 2068, passed the Senate Floor with a vote of 38-0. AB 2068 strengthens the Talent Scam Prevention Act by expanding the list of communication forms that can be regulated such as online and computer applications. The bill now awaits Governor Jerry Brown’s signature.With the unprecedented popularity of reality television and social media sites such as YouTube, Instagram, Tumblr, and others, the quest for instant stardom has become prevalent among all ages, especially teens and young adults,” said Assemblymember Chris Holden. “Unfortunately, this creates a ripe situation for illegitimate talent agencies to scam young, aspiring artists.”There are nearly 500 talent agencies registered within Los Angeles County ranging from large powerhouses to smaller companies. Although most registered talent agencies are legitimate, it is often the smaller, unlicensed talent agencies that charge upfront fees or refuse to remove content at the request of a client.The Talent Scam Prevention Act outlawed such practices; however, the law passed in 2009 and did not regulate newer forms of technology. This bill updates the talent service laws to accommodate new technologies, such as mobile apps and online services that are not on the internet as websites. The bill applies the same 10-day deadline that currently applies to the removal of website content and photos to the removal of content and photos from mobile apps and online services. EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS HerbeautyNutritional Strategies To Ease AnxietyHerbeautyHerbeautyHerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeauty10 Female Celebs Women Love But Men Find UnattractiveHerbeautyHerbeautyHerbeautyThis Is What Happens To Your Face After DermaplaningHerbeautyHerbeauty Make a comment More Cool Stuff Community News Name (required) Mail (required) (not be published) Website Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Government Pasadena Area Assemblymember Chris Holden’s Talent Scam Prevention Bill Passes Senate Floor Published on Monday, August 15, 2016 | 3:11 pm Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Business News Subscribe 2 recommended0 commentsShareShareTweetSharePin it faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Community News Top of the News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy
Facebook The American Express® Gold Card Brings Back the Iconic Rose Gold Design & Launches a New Uber Cash Benefit Previous articleAirship Unveils Real-Time, Bi-Directional Integration of its Customer Engagement Platform with Adobe Experience PlatformNext articleTompkins Mahopac Bank Announces Bank President & CEO, Gerald J. Klein, Jr. to Retire; David DeMilia Appointed Successor Digital AIM Web Support Local NewsBusiness Twitter WhatsApp Pinterest American Express and Uber Eats have teamed up to introduce a limited-edition Rose Gold Meal this Valentine’s Day weekend. By Digital AIM Web Support – February 4, 2021 Facebook TAGS Twitter WhatsApp Pinterest
(1) 146,523 By Digital AIM Web Support – February 22, 2021 Reconciliation of Adjusted EBITDA Twitter $ Non-cash loss (gain) from remeasurement of indemnification asset (6) 20,999 Refer to “Non-GAAP Measures” below for the reconciliation to the most comparable GAAP measure Year Ended December 31, 5,443 $ 14,119 24,911 129,824 6,375 The Company records stock-based compensation expense related to the amortization of grant date fair value of the Company’s stock-based compensation awards. Prior to October 1, 2020, stock-based compensation expense includes the remeasurement of these awards at each period end. Year Ended December 31, 9,098 1,109,435 In connection with the YP Acquisition, the seller provided the Company indemnity for future potential losses associated with certain federal and state tax positions taken in tax returns filed by the seller prior to the Acquisition Date. The indemnity covers potential losses in excess of $8.0 million and is capped at an amount equal to the lesser of the uncertain tax position liability or the current fair value of the 1,804,715 shares of the Company’s common stock issued to the seller as part of the purchase consideration. $ Impairment charges of $5.5 million and $24.9 million recorded during the three months and year ended December 31, 2020, respectively, are primarily due to the Company closing certain office buildings as part of becoming a “Remote First” company and consolidating operations at certain locations. Impairment charges of $0.6 million and $5.7 million recorded during the three months and year ended December 31, 2019, respectively, are due to consolidating operations at certain locations and are included in Restructuring and integration charges in the consolidated statements of operations. 92,951 2020 (2,053) (553) $ 128,579 — Income tax benefit of $118.3 million and $108.0 million recorded during the three months and year ended December 31, 2020, respectively, is primarily attributable to a partial release of the Company’s valuation allowance on the basis of management’s reassessment of the amount of its deferred tax assets that are more likely than not to be realized. 4,557 (118,306) 6,320 Net income (loss) Three Months Ended December 31, 481,633 Restructuring and integration expenses (2) 35,504 For the three months and year ended December 31, 2020, expenses relate to periodic efforts to enhance efficiencies and reduce costs, and include severance benefits, loss on disposal of fixed assets and capitalized software, and costs associated with abandoned facilities and system consolidation. A portion of the severance benefits, amounting to $5.0 million, resulted from COVID-19. For the three months and year ended December 31, 2019, restructuring and integration charges include severance benefits, facility exit costs, system consolidation and integration costs, and professional consulting and advisory services costs related to the YP Acquisition. 371,839 109,800 71,631 481,633 Depreciation and amortization expense (Benefit) provision for income taxes (1) (4) — 611 (2) Loss on early extinguishment of debt About Thryv Holdings, Inc. The company owns the easy-to-use Thryv® end-to-end customer experience software built for growing small businesses that helps over 40,000 SaaS clients with the daily demands of running a business. With Thryv, they can get the job, manage the job and get credit. Thryv’s award-winning platform provides modernized business functions, allowing small-to-medium-sized businesses (SMB) to reach more customers, stay organized, get paid faster and generate reviews. These functions include building a digital customer database, automated marketing through email and text, updating business listings across the internet, scheduling online appointments, sending notifications and reminders, managing ratings and reviews, generating estimates and invoices and processing payments. Thryv supports franchise operators and multi-location business owners with Hub by Thryv™, a software console that enables businesses managers to oversee their operations using the Thryv software. Thryv also connects local businesses to consumer services through our search, display and social media management products, our print directories featuring The Real Yellow Pages® tagline, and our local search portals, which operate under the DexKnows.com®, Superpages.com® and Yellowpages.com URLs and reach some 35 million monthly visitors. For more information about the company, visit thryv.com. Thryv delivers business services to more than 360,000 SMBs across America that enable them to compete and win in today’s economy. Learn more about Thryv on LinkedIn and Medium. Forward-Looking Statements Some statements included in this release constitute forward-looking statements. Statements that include the words “may”, “will”, “could”, “should”, “would”, “believe”, “anticipate”, “forecast”, “estimate”, “expect”, “preliminary”, “intend”, “plan”, “project”, “outlook”, “future”, “forward”, “guidance” and similar statements of a future or forward-looking nature identify forward-looking statements. These statements are not guarantees of future performance. Forward-looking statements provide current expectations with respect to our financial performance and future events with respect to our business and industry in general. Forward-looking statements are based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Accordingly, there are or will be important factors that could cause our actual results to differ materially from those indicated in these statements. We believe that these factors include, but are not limited to, the risks related to the following: risks related to the ongoing COVID-19 pandemic, the Company’s ability to maintain adequate liquidity to fund operations; the Company’s future operating and financial performance; limitations on our operating and strategic flexibility and the ability to operate our business, finance our capital needs or expand business strategies under the terms of our credit facilities; our ability to retain existing business and obtain and retain new business; general economic or business conditions affecting the markets we serve; declining use of print yellow page directories by consumers; our ability to collect trade receivables from clients to whom we extend credit; credit risk associated with our reliance on small and medium sized businesses as clients; our ability to attract and retain key managers; increased competition in our markets; our ability to obtain future financing due to changes in the lending markets or our financial position; our ability to maintain agreements with major Internet search and local media companies; reduced advertising spending and increased contract cancellations by our clients, which causes reduced revenue; and our ability to anticipate or respond effectively to changes in technology and consumer preferences. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by such cautionary statements. If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. For these reasons, we caution you against relying on forward-looking statements. All forward-looking statements included in this press release are expressly qualified in their entirety by the foregoing cautionary statements. These forward-looking statements speak only as of the date hereof and, other than as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. View source version on businesswire.com:https://www.businesswire.com/news/home/20210222005261/en/ CONTACT: Media Contact: Paige Blankenship Thryv, Inc. 972.453.3012 [email protected] Contact: Cameron Lessard Thryv, Inc. 214.773.7022 [email protected] Christopher Thryv, Inc. 972.453.7068 [email protected] KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: TECHNOLOGY OTHER COMMUNICATIONS PUBLIC RELATIONS/INVESTOR RELATIONS MARKETING COMMUNICATIONS PROFESSIONAL SERVICES SOFTWARE SMALL BUSINESS RETAIL ONLINE RETAIL SOURCE: Thryv Holdings, Inc. Copyright Business Wire 2021. PUB: 02/22/2021 07:30 AM/DISC: 02/22/2021 07:30 AM http://www.businesswire.com/news/home/20210222005261/enCopyright Business Wire 2021. TAGS Other primarily includes expenses related to potential non-income based tax liabilities. 6,081 Transaction costs (3) (7) 149,221 40,290 28,459 2020 10,924 Pinterest Thryv® Reports Preliminary Fourth Quarter and Fiscal Year 2020 Financial Results, Provides Outlook for Fiscal Year 2021 14,988 246,928 Non-GAAP Measures Our preliminary results included in this press release include Adjusted EBITDA, which is not presented in accordance with U.S. generally accepted accounting principles (“GAAP”). This non-GAAP measure is presented for supplemental informational purposes only and is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. Please refer to the supplemental information presented in the table below for a reconciliation of Adjusted EBITDA to net income, the most comparable GAAP financial measure. We believe that this non-GAAP financial measure provide useful information about our financial performance, enhances the overall understanding of our past performance and future prospects and allows for greater transparency with respect to important metrics used by our management for financial and operational decision-making. We believe that this measure provides an additional tool for investors to use in comparing our core financial performance over multiple periods with other companies in our industry. However, it is important to note that the particular items we exclude from, or include in, our non-GAAP financial measures may differ from the items excluded from, or included in, similar non-GAAP financial measures used by other companies in the same industry. The following is a reconciliation of Adjusted EBITDA to its most directly comparable GAAP measure, net income (in thousands): 42,236 Local NewsBusiness Unaudited; in thousands 68,539 (107,983) 18,062 2020 1,421,374 35,640 Marketing Services Revenue 206,270 Adjusted EBITDA (1) — 1,292,795 $ Pinterest Three Months Ended December 31, Net income (loss) 345,130 Facebook 5,497 (2,895) 2020 $ (5) 53,161 Stock-based compensation expense (benefit) (4) 109,800 (3) (1) Interest expense Other components of net periodic pension cost (5) 32,407 Expenses related to the Company’s direct listing and other transaction costs. 2019 371,839 33,364 1,565 (553) 5,670 4,093 (6) (3,614) SaaS Revenue (654) 312,723 Other (8) Total Revenue 2019 21,883 (943) 34,870 $ WhatsApp 5,938 122,505 $ 71,631 1,300 149,221 979,611 212,058 Twitter Impairment charges (7) DALLAS–(BUSINESS WIRE)–Feb 22, 2021– Thryv Holdings, Inc. (NASDAQ:THRY), the provider of Thryv ® software, the end-to-end client experience platform for growing small businesses, announced preliminary, unaudited results for the fourth quarter and fiscal year 2020, exceeding previously issued guidance for the same period. “We are pleased with our performance in what was a challenging year for so many companies. Thryv’s SaaS business is growing, and the numbers reflect that,” said Joe Walsh, CEO of Thryv. “It is energizing to start this new year in a position of strength, and as we move through 2021, we will look to capitalize on the momentum we are seeing. As we look forward to 2021 and future years, we believe we are well positioned as a category leader in SaaS.” Preliminary Fourth Quarter 2020 Financial Highlights:SaaS revenue was $34.9 million, an 8% increase year-over-year. Our guidance was $33 millionMarketing Services revenue was $212.1 million. Our guidance range was $190-$200 millionTotal revenue was $246.9 million. Our guidance range was $223-$233 millionNet income was $109.8 millionAdjusted EBITDA was $71.6 million. Our guidance range was $58-$63 million Preliminary Fiscal Year 2020 Financial Highlights:SaaS revenue was $129.8 million. Our guidance was $128 millionMarketing Services revenue was $979.6 million. Our guidance range was $955-$965 millionTotal revenue was $1,109.4 million. Our guidance range was $1,083-$1,093 millionNet income was $149.2 millionAdjusted EBITDA was $371.8 million. Our guidance range was $358-$363 million Additional Preliminary Business Highlights:SaaS ARPU increased to $293 in the fourth quarter, up from $260 in the third quarter of 2020Total SaaS clients ending the fourth quarter of 2020 was 44.0 thousand, flat when compared to the third quarter of 2020SaaS monthly churn improved to 2.4% in the fourth quarter, down from 2.7% in the third quarter of 2020Leverage Ratio was 1.3x in the fourth quarter, as defined in the Thryv, Inc. credit agreementTotal Debt repayment was $186.1 million for fiscal year 2020. Term loan and ABL ending balances for the fourth quarter of 2020 were $449.6 million and $79.2 million, respectively We have provided preliminary unaudited estimated results. These unaudited results reflect management’s estimates based solely upon information available to it as of the date of this release and are not a comprehensive statement of our financial results. As a result, there is a possibility that our final audited results which will be included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020 (our “Annual Report”) will vary from these preliminary estimates. Outlook: Based on information available as of February 22, 2021, Thryv Holdings is issuing guidance for fiscal year 2021 as indicated below.SaaS revenue between $139 – $143 millionMarketing Services revenue between $740 – $760 million These statements are forward-looking and actual results may materially differ. Refer to the “Forward-Looking Statements” section below for information on the factors that could cause our actual results to materially differ from these forward-looking statements. Earnings Conference Call Information Thryv will announce the date of its fourth quarter and fiscal year 2020 earnings conference call in an upcoming release. Preliminary Unaudited Results The following is preliminary unaudited information for the three months and year ended December 31, 2020. Audited information for the three months and year ended December 31, 2019 is included for comparability (in thousands): Previous articleIn Israel and beyond, virus vaccines bring political powerNext articleJuniper Research: Smart Traffic Management to Significantly Reduce Congestion and Emissions; Saving Cities $277 Billion by 2025 Digital AIM Web Support (798) 122,505 4,583 $ $ (8) 2019 50,985 (2,053) 2019 $ 35,504 Facebook $ Adjusted EBITDA WhatsApp Other components of net periodic pension cost is from our non-contributory defined benefit pension plans that are currently frozen and incur no additional service costs. The most significant component of other components of net periodic pension cost relates to the mark to market pension remeasurement.
Arranmore progress and potential flagged as population grows Facebook News, Sport and Obituaries on Monday May 24th Google+ Pinterest Heated scenes in Dail over Donegal community hospitals Loganair’s new Derry – Liverpool air service takes off from CODA Twitter Previous articleSix people awaiting in-patient beds at LUHNext articleMc Hugh updates Dail on Moville College progress News Highland Important message for people attending LUH’s INR clinic AudioHomepage BannerNews Google+ Pinterest Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR WhatsApp WhatsApp By News Highland – July 4, 2019 The Government is being accused of misleading relevant bodies over the future of long term care at three Donegal community hospitals. Despite several reassurances that upgraded works would take place in Ramelton, St. Joseph’s and Lifford, doubts remain as to whether the projects will be included the Capital Plan.However minor works at the hospitals are being sanctioned to meet HIQA compliances by 2021.In the Dail yesterday evening, Minister Jim Daly did not clarifty if the community hospitals would be included in the plan.Donegal Deputy Pearse Doherty claimed that the initial promises have been broken:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/07/pearsehghjghjghjghospitals1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Responding, Minister Daly suggested that Deputy Doherty wait until such time the plan is published:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/07/dalyhohjkhjkhjkspitals1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Nine til Noon Show – Listen back to Monday’s Programme Community Enhancement Programme open for applications