May 14, 2021

results

Wish Reports Stronger-than-Expected First Quarter 2021 Financial Results

SAN FRANCISCO–(BUSINESS WIRE)–ContextLogic Inc. (d/b/a “Wish”) (NASDAQ: WISH), one of the world’s largest and fastest growing mobile ecommerce platforms, today reported financial results for its first quarter ended March 31, 2021. The company also announced in a separate news release that it is separating the roles of chair and chief executive officer and appointed veteran technology and finance executive and current Wish board director Jacqueline Reses as Executive Chair.

Wish’s Shareholder Letter, including the company’s complete financial results, can be found in the Quarterly Results section of Wish’s investor relations website at: https://ir.wish.com/financial-information/quarterly-results.

First Quarter 2021 Financial

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Green Life Business Group Inc. Reports Quarter One 2021 Results

Bloomberg

After $260 Billion Slide, Alibaba Aims to Show the Worst Is Over

(Bloomberg) — Has the storm passed for Alibaba Group Holding Ltd.?That will be the question for executives and investors as the Chinese e-commerce giant reports earnings on Thursday in the wake of a government crackdown on co-founder Jack Ma’s empire. Profit and revenue for the quarter are sure to be less consequential than any concrete evidence about whether the regulatory issues are resolved.Alibaba has agreed to a record $2.8 billion penalty from Beijing and vowed to change certain practices deemed anti-competitive, including a requirement that merchant sell

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2020’s P/C Insurance Industry Results and What They Mean for 2021

The most recent tallies of financial results by rating agency analysts reveal that the property/casualty insurance industry weathered the storms of catastrophe losses and COVID, with one segment actually reporting better combined ratios and higher income than in 2019.

A Mar. 16 report from Moody’s Investors Service, “Rising commercial pricing and economic recovery support earnings in 2021,” reveals that catastrophe losses had a bigger impact than COVID on industry financial results. Analyzing the results for 22 rated U.S. P/C insurers, Moody’s estimates that the group posted $5 billion in coronavirus-related claims and $12.8 billion in weather-related catastrophe losses.

The $12.8

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AbCellera Reports Full Year 2020 Business Results

  • Total revenue of $233 million1 in 2020, up 1,908% year-over-year

  • Total revenue from research fees of $20 million, up 71% year-over-year

  • Total programs under contract of 103, up 72% year-over-year

  • EPS of $0.53 (basic) and $0.45 (diluted) compared to $0.01 loss per share in 2019

AbCellera (NASDAQ: ABCL), a technology company with a centralized operating system for next-generation antibody discovery, today announced financial results for the full year 2020 with the following highlights.

“AbCellera had a breakthrough year, demonstrating strong growth across every area of the business and the effectiveness of our technology and business model through our discovery

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Sundial Reports Full Year and Fourth Quarter 2020 Financial and Operational Results

CALGARY, AB, March 17, 2021 /PRNewswire/ – Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial” or the “Company”) reported its financial and operational results for the full year and fourth quarter ended December 31, 2020. All financial information in this press release is reported in millions of Canadian dollars and represents results from continuing operations, unless otherwise indicated.

Sundial Growers (CNW Group/Sundial Growers Inc.)

FULL YEAR AND FOURTH QUARTER 2020 FINANCIAL AND OPERATIONAL HIGHLIGHTS

  • Completed financial restructuring and eliminated $227 million aggregate principal amount of debt during 2020.

  • $60.4 million unrestricted cash on hand at December 31, 2020 and $719

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Plug Power, a Reddit darling, dives after announcing it will restate financial results

Plug Power GenDrive Fuel Cell with GenFuel hydrogen.

Source: Plug Power

Shares of Plug Power dropped on Wednesday after the company said it will restate financial results following accounting errors. The stock ultimately finished the session with a loss of 7.9%, after earlier trading down as much as 20%.

In a filing with the Securities and Exchange Commission on Tuesday evening, the fuel cell maker said it will restate financial statements for fiscal years 2018 and 2019, as well as quarterly filings for 2019 and 2020.

The company said the accounting errors are primarily related to areas including the impairment

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