Fintech PR
Momentus Delivers Strong 2023 Performance Fueled by Product Innovation and Customer Centric Growth
A remarkable 20% year-over-year recurring revenue growth
ST. LOUIS, Jan. 17, 2024 /PRNewswire/ — Momentus Technologies, a leading provider of venue and event management SaaS solutions, proudly announces its outstanding financial performance, product innovation and customer success for fiscal year 2023, ended December 31, 2023. The company’s customer-centric approach has not only led to remarkable 20% year-over-year recurring revenue growth, but also resulted in a range of new product offerings that empower venues and events globally.
“2023 was a year of profound transformation for Momentus. We experienced many significant milestones as we launched a new brand, expanded the leadership team, welcomed WeTrack, delivered innovative offerings and achieved record results,” said Alex Alexandrov, CEO of Momentus. “What truly inspires us is witnessing the substantial growth our customers are experiencing enabled with our solutions. We are honored to be part of such a thriving industry.”
Record-Breaking Performance in the Event Management Industry:
- Momentus proudly facilitated its customers in reaching a landmark $11B+ in event revenue for fiscal year 2023. This remarkable figure represents a significant 14% year-over-year growth, which underscores the resilience and thriving nature of in-person events post-COVID and the remarkable venues which host them.
- Momentus solutions have been integral to the successful execution of over 1 million events in fiscal year 2023. This achievement marks a notable 10% increase in in-person events from the previous year, a testament to the growing trust and reliance placed in Momentus by organizers worldwide.
- Momentus solutions have enabled venues to increase both Revenue per Event and Events per Customer by 11% year-over-year.
Strategic Acquisition to Meet Customers’ Needs with Project Management, Risk and Incident Management, and Sustainability:
In May, Momentus Technologies reinforced its commitment to innovation and meeting customers’ needs by acquiring WeTrack, a leading provider of sustainability and incident management solutions. WeTrack counts many of the world’s pre-eminent events as its loyal customers. This strategic move has significantly enhanced the company’s ability to respond to evolving customer needs in areas of Event and Venue Project Management, Risk Management (pre-event planning), Incident Management (day-of event incident management) and the sustainability footprint of various events. Momentus WeTrack achieved record results in 2023, including:
- A 28% increase in incident tracking and a 20% increase in project management, substantially improving operational efficiency.
- Most notably, the acquisition led to a 60% increase in sustainability tracking, showcasing Momentus customers’ commitment to environmental, corporate and social responsibility.
Innovative Functionality Revolutionizing Venue and Event Management:
Innovation is at the core of Momentus Technologies’ mission, aimed at empowering customers through industry-leading solutions in venue and event management. The company introduced a range of new functionality in 2023, each designed to enhance venue and event management.
For universities and corporate campuses, a standout innovation is the introduction of advanced mobile work orders. This feature is a game-changer for event and catering operations as it enables event staff to create and manage complex service orders with speed and precision. The unified Momentus Platform has brought unparalleled convenience to global workplace experience managers, enabling employees across time zones to easily view calendars, book spaces and order catering.
For convention and exhibition centers, stadiums, arenas, arts and culture centers, Momentus 2023 product innovation includes:
- Mobile Work Order simplification and automation, empowering staff with mobility and efficiency.
- Event Ordering simplification and automation, streamlining the process of organizing events.
- Package Modeling, offering customizable and flexible event packages.
- Momentus Payments, streamlining payment processes for seamless transactions.
- Additional product highlights include enhanced CRM functionality and function calendar to elevate communication capabilities, ensuring customers stay connected and engaged.
About Momentus Technologies
Momentus Technologies is a global provider of industry-leading venue and event management solutions that empower organizations to create extraordinary moments. With over 60,000 users in more than 57 countries, Momentus serves the needs of convention and exhibition centers, higher education, corporate, stadiums and arenas, and arts and culture centers. Its powerful intuitive platform alongside intelligent data-driven solutions and unparalleled expertise provides customers a view of past, present and future event operations to increase end-to-end visibility, optimize efficiency and achieve business goals. Founded in 1985, Momentus is headquartered in the United States. The company’s employees work across the globe in Momentus offices and remotely. To learn more, visit gomomentus.com.
email: [email protected]
Note: All figures and statistics mentioned in this press release are based on the fiscal year 2023 financial reports of Momentus Technologies.
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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
The following files are available for download:
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Invitation to presentation of EQT AB’s Q1 Announcement 2024 |
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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