Revenues – Open MRTD http://openmrtd.org/ Thu, 26 May 2022 18:11:20 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://openmrtd.org/wp-content/uploads/2022/01/icon-2022-01-31T171458.103-150x150.png Revenues – Open MRTD http://openmrtd.org/ 32 32 Carlsbad describes conservative change amid record revenues https://openmrtd.org/carlsbad-describes-conservative-change-amid-record-revenues/ Thu, 26 May 2022 17:54:02 +0000 https://openmrtd.org/carlsbad-describes-conservative-change-amid-record-revenues/ CARLSBAD — Carlsbad City Council took the first step this week by approving its operating budget for the 2022-23 fiscal year. Staff presented the draft operating budget at their May 24 meeting. Each department reduced its operating and maintenance budget by 2% (a savings of $1.5 million), while a total of 22 new full-time hires […]]]>

CARLSBAD — Carlsbad City Council took the first step this week by approving its operating budget for the 2022-23 fiscal year.

Staff presented the draft operating budget at their May 24 meeting. Each department reduced its operating and maintenance budget by 2% (a savings of $1.5 million), while a total of 22 new full-time hires were tentatively approved.

The council will meet again on June 14 to adopt the budget, which also allows them to make changes. In addition, staff will present budgets for the capital improvement program and strategic digital investment program at the June 7 meeting, according to City Manager Scott Chadwick.

The operating budget totals $342.2 million with revenues of $339.8 million, while general fund revenues are projected at $198.8 million and expenditures are estimated at $198.3 million. The operating budget is almost the same as last year, according to staff.

The council also voted to approve the continuation of the police department’s GUIDE program to counsel at-risk youth, which costs $130,000. With this addition, the city expects a total surplus of $200,000.

Chadwick said the city’s general fund reserve account is expected to reach $116 million, an increase of 41% since 2019-20. However, Chadwick, along with Deputy City Manager Laura Rocha and Chief Financial Officer Zach Korach said the city still projects a funding shortfall by the 2025-26 fiscal year where expenses exceed revenues.

“The annual budget is the most important policy document,” Chadwick said. “It shows our city council and the community where our funding comes from and exactly how it is used.”

Most of the new hires, meanwhile, consist of public safety personnel, with police, firefighters and lifeguards accounting for 17 of the new positions. Several of the new recruits are also temporary, as they have a lifespan of five years with certain services to help the city carry out various projects.

The city also estimates total revenue for fiscal year 2021-22 at $204.9 million, which Korach says is an “all-time high” and comparable to fiscal year 2019-20, before the pandemic, when the city ​​was also on track for record revenues.

“A lot of this is related to an accelerated recovery due to pent-up demand,” Korach said. “These highs may not be sustainable in the near term.”

Korach said future surpluses are also expected to vary over the next four years, starting with estimated surpluses of $460,000 in fiscal year 2023-24, $3.5 million in fiscal year 2024-25, and $800. $000 for fiscal year 2025-26. The year after 2025-2026 is when the city expects “the lines to cross” with spending and revenue, unless the council chooses to add revenue streams.

However, Korach said the forecast did not include modeling of a recession, which economic experts are predicting due to record inflation, rising prices and supply chain issues. Korach noted that inflationary aspects, such as increases in utility costs, are applied to the upcoming budget.

“We applied conservative estimates,” Korach said of tax revenue sources. “Development is another big issue. Over the next five years, we do not expect development revenue to arrive at the same rate as over the past five years.

The council held a special meeting on April 20 to discuss those options, which included a sales tax increase, other tax increases and the legalization of cannabis, but declined to take action. However, city officials said the city could take other steps, such as banning annual service increases based on inflation and banning the rollover of unspent funds, to address these issues. expected deficits.

A majority of the board said they felt comfortable with the current state of the budget and forecast and that the plans in place allow staff to be flexible to make up any shortfalls.

But Mayor Matt Hall was less optimistic and recalled the challenges and similarities of the 2008 Great Recession.

“I would say we’re overly optimistic about our income and our expenses,” Hall said. “I couldn’t bear this. I’ve been there many times. It’s too optimistic for me. In 2007 and 2008, we pressed the pause button for three or four years. We managed to get out of it. »

Additionally, Councilor Peder Norby advocated for the city to allocate $3 million to revive the railroad trench project in the village. However, the council split 2-2 in the vote, with Councilor Keith Blackburn in second, so Norby’s motion died. Hall recused himself for conflict of interest.

Norby said the project will proceed because it is a priority for the federal government, the San Diego Association of Governments, railroads and others. However, a small contingent of residents are pushing back, citing the cost, which ranges between $400 million and $600 million, though the city is only expected to pay a fraction of the total.

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Snowflake’s Q1 Revenue Overtakes, Posts a Loss By Investing.com https://openmrtd.org/snowflakes-q1-revenue-overtakes-posts-a-loss-by-investing-com/ Wed, 25 May 2022 20:40:00 +0000 https://openmrtd.org/snowflakes-q1-revenue-overtakes-posts-a-loss-by-investing-com/ We encourage you to use comments to engage with other users, share your views, and ask questions of the authors and each other. However, in order to maintain the high level of discussion that we all appreciate and expect, please keep the following criteria in mind: Enrich the conversation, don’t throw it away. Stay focused […]]]>

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Rangers earned £35m from Europa League revenue https://openmrtd.org/rangers-earned-35m-from-europa-league-revenue/ Wed, 25 May 2022 09:10:00 +0000 https://openmrtd.org/rangers-earned-35m-from-europa-league-revenue/ Rangers are said to have earned between an additional £15-18m from gate receipts from the recently concluded Europa League campaign. According to financial experts contacted by the 4th official, they earned around £35m from the Europa League. This includes the £17million that Swiss Ramble estimated they earned from TV revenue due to their outstanding run […]]]>

Rangers are said to have earned between an additional £15-18m from gate receipts from the recently concluded Europa League campaign.

According to financial experts contacted by the 4th official, they earned around £35m from the Europa League.

This includes the £17million that Swiss Ramble estimated they earned from TV revenue due to their outstanding run to the final.

Through the Twitter account4th Official wrote: “According to @SwissRamble, Rangers won £17m (€19.3m) in TV money for reaching the Europa League final.

“Independent experts estimate that Rangers made between £15m and £18m in gate receipts. So add it all up and Rangers have earned around £35m from the Europa League.

good money

Financially, it was a great season for Rangers and one they can be extremely proud of.

Although they haven’t won the league or the Europa League, their coffers have been filling up and that will definitely benefit the club in the long run.

Celtic will have the extra Champions League revenue next season and Gers must not allow them to opt out in terms of building their squad.

Rangers have struggled to close the gap over the past decade and shouldn’t risk losing it all.

Ross Wilson needs to sort out several players’ contract situations quickly and then start working on the recruitment side as it’s a big job this summer for him at the club.

We support him to make the right choices so that the Gers come back stronger next season to regain their title.

In other Rangers news, the club are ‘unconvinced’ by a key first-team player and an early termination of his contract is extremely likely.

Calvin Bassey closes in on Rangers exit as Aston Villa move for defender – Times

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Best Buy’s revenue plummets due to lower demand for home theaters https://openmrtd.org/best-buys-revenue-plummets-due-to-lower-demand-for-home-theaters/ Tue, 24 May 2022 16:38:42 +0000 https://openmrtd.org/best-buys-revenue-plummets-due-to-lower-demand-for-home-theaters/ Best Buy’s (NYSE:BBY) revenue for its first quarter (fiscal 2023) fell 8.7% to $9.89 billion, but the softness was not unexpected and Wall Street reacted favorably to the results with the company’s share price up slightly. The Richfield, Minn.-based retail giant reports that it saw comparable sales declines in nearly every category, with the top […]]]>

Best Buy’s (NYSE:BBY) revenue for its first quarter (fiscal 2023) fell 8.7% to $9.89 billion, but the softness was not unexpected and Wall Street reacted favorably to the results with the company’s share price up slightly.

The Richfield, Minn.-based retail giant reports that it saw comparable sales declines in nearly every category, with the top drivers on a weighted basis being computers and home theater. Meanwhile, Best Buy’s online revenue fell 14.9% from a year ago, which is unsurprising since last year was still driven by stay-at-home shopping in the event of pandemic.

Domestic online revenue of $3.06 billion was down 14.9% on a like-for-like basis. Total US online revenue accounted for 30.9% of all purchases, up from 33.2% last year.

Like nearly every business facing rising labor and supply chain costs, Best Buy’s overall gross profit rate has taken a hit. The profit rate was 21.9% in Q1 2022 compared to 23.3% last year.

The lower gross margin rate was primarily due to lower service margin rates, including pressure associated with the $199 Best Buy Totaltech membership offer; lower product margin rates, including increased promotions; and higher supply chain costs. These pressures were partially offset by increased profit sharing revenue from the company’s private label and co-branded credit card arrangement.

“I am extremely proud of our teams’ ability to develop and execute plans to adapt to the changing environment over the past two years and more recent macro-economic conditions,” said Corie Barry, CEO of Best Buy.

“Even with the expected downturn this year, we continue to be in a fundamentally stronger position than before the pandemic, both from a revenue and operating profit ratio perspective. We are confident in the strength of our company and excited about what lies ahead. We have a unique opportunity to create value and are investing now, as we have successfully done in the past, to ensure that we are ready to meet the needs of our customers and of our employees and maintain our unique position in our industry.

Barry added that the company expected its financial results to be weaker than last year as government stimulus funds have stopped and the industry pulls away from “unusually strong demand” in the course of the last 2 years.

“As a result, the drivers of our first quarter financial results were broadly in line with expectations,” Barry continued. “Macroeconomic conditions have deteriorated since we provided our guidance in early March, causing our sales to decline slightly compared to our expectations. These trends have continued into the second quarter and as a result we are revising our guidance sales and profitability for the year.

The company has updated its financial guidance for 2023 to:

  • Revenue of $48.3 billion to $49.9 billion, compared to prior guidance of $49.3 billion to $50.8 billion
  • Comparable sales decline of 3.0% to 6.0%, compared to prior guidance of a decline of 1.0% to 4.0%
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Foot Locker (FL) Q1 earnings top mark, revenue up year-over-year https://openmrtd.org/foot-locker-fl-q1-earnings-top-mark-revenue-up-year-over-year/ Mon, 23 May 2022 22:00:00 +0000 https://openmrtd.org/foot-locker-fl-q1-earnings-top-mark-revenue-up-year-over-year/ Foot Locker, Inc. FL released mixed results in the first quarter of fiscal 2022, in which the top line missed the Zacks consensus estimate while the bottom line exceeded the same. FL recorded the eighth straight beat in profits in the reported quarter. In addition, turnover increased year on year. Foot Locker’s FLX membership program […]]]>

Foot Locker, Inc. FL released mixed results in the first quarter of fiscal 2022, in which the top line missed the Zacks consensus estimate while the bottom line exceeded the same. FL recorded the eighth straight beat in profits in the reported quarter. In addition, turnover increased year on year.

Foot Locker’s FLX membership program and omnichannel capabilities look encouraging. We note that FL is on track to achieve sales of $1 billion by 2024 or see a CAGR of 20% from projected sales of $650 million this year. Higher same-store sales and new units with the potential to more than double the current base of approximately 100 stores will drive sales.

Over the past six months, Foot Locker shares are down 22% compared to the industry’s 15.9% decline.

Q1 Metrics

The athletic footwear and apparel retailer posted adjusted earnings of $1.60 per share, beating Zacks’ consensus estimate of $1.47. Net income decreased 18.4% from adjusted earnings of $1.96 per share in the prior year quarter.

Total sales of $2,175 million were up 1% year over year, but were below the consensus estimate of $2,203 million. Excluding the impact of foreign currency fluctuations, total sales increased by 3%. Digital penetration was 18.3% compared to 24.8% in fiscal year 2021.

Comparable store sales (coms) fell 1.9% in the quarter, with clothing significantly outpacing footwear. Comps at Foot Locker stores increased by 7.9%, with in-store traffic up around 25%, while conversion was down 10% from the prior year figure.

An overview of margins

Foot Locker’s gross margin rate in the reported quarter fell 80 basis points (bps) from the prior year quarter count. High supply chain costs and slightly higher markdowns from historically low levels led to lower margins.

The SG&A rate was 21.3%, a deleveraging of almost 140 basis points due to increased spending on labor and technology.

Store update

During the first fiscal quarter, Foot Locker opened 24 stores and renovated or relocated 23 outlets. FL closed 67 stores during the aforementioned period.

As of April 30, 2022, Foot Locker operated 2,815 stores in 28 countries across North America, Europe, Asia, Australia and New Zealand. Additionally, FL had 148 franchise stores operating in the Middle East and Asia.

For fiscal 2022, management expects to open approximately 100 stores, including 40 community and electric outlets, 27 WSS stores and nine atmos stores, while closing nearly 190 stores.

Other financial details

Foot Locker ended the fiscal first quarter with cash and cash equivalents of $551 million. Long-term debt and obligations under finance leases were $450 million and shareholders’ equity was $3,215 million. As of April 30, 2022, merchandise inventories were $1,401 million, up 37.2% from the year-ago quarter end level.

In the first quarter of fiscal 2022, Foot Locker repurchased 2.7 million shares for $89 million and paid quarterly dividends of $38 million.

Outlook

For fiscal 2022, management expects the top end of sales to decline 4-6% and the top end of sales to decline 8-10%. The gross margin should be between 30.6 and 30.8% and the SG&A rate should be between 20.7 and 20.9%. Management expects supply chain costs to continue to weigh on margins.

Foot Locker expects adjusted earnings per share of $4.25 to $4.60 for the full year. Management expects capital expenditures of $275 million for fiscal 2022 due to store openings as well as technology and omnichannel investments.

Top 3 Retail Stocks For You

We highlighted three top-ranked values, namely Tecnoglass TGLS, Operation of the starter barn BOOT and Attached QUICK.

Tecnoglass engages in the manufacture and sale of architectural glass and windows as well as aluminum products for the residential and commercial construction industries. TGLS currently sports a Zacks rank #1 (strong buy). Shares of TGLS have jumped 12.9% over the past year.

You can see the full list of today’s Zacks #1 Rank stocks here.

Zacks consensus estimate for Tecnoglass sales and earnings per share for the current fiscal year suggests growth of 21.3% and 28.7%, respectively, over the reported figures for the corresponding period of the year. ‘last year. TGLS has a last four quarter earnings surprise of 28.3% on average.

Boot Barn, a lifestyle chain of Western and work-related footwear, apparel and accessories, currently has a Zacks No. 1 ranking. BOOT has a 25.2% trailing four-quarter earnings surprise in mean. The stock is up 19.8% over the past year.

Zacks consensus estimate for Boot Barn’s current year sales and earnings per share suggests growth of 17% and 4.4%, respectively, over reported figures for the corresponding period of the year. last year. BOOT has an expected EPS growth rate of 20% over three to five years.

Fastenal, a national wholesale distributor of industrial and construction supplies, currently has a Zacks rank of No. 2 (buy). FAST has a last four quarter earnings surprise of 5%, on average. The stock is up 0.6% over the past year.

Zacks’ consensus estimate for Fastenal’s sales and earnings per share for the current fiscal year suggests growth of 15.4% and 16.3%, respectively, over the corresponding figures for the prior year. FAST forecasts an EPS growth rate of 9% over three to five years.

5 shares ready to double

Each has been handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have skyrocketed +143.0%, +175.9%, +498.3% and +673.0%.

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To read this article on Zacks.com, click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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As revenue for the year was down “slightly” on the year, pre-tax profit fell short of expectations https://openmrtd.org/as-revenue-for-the-year-was-down-slightly-on-the-year-pre-tax-profit-fell-short-of-expectations/ Mon, 23 May 2022 09:01:23 +0000 https://openmrtd.org/as-revenue-for-the-year-was-down-slightly-on-the-year-pre-tax-profit-fell-short-of-expectations/ Actions in the legal and professional services team Since fell early Monday after the group revealed that full-year revenue was down “slightly” year-over-year after “a difficult final quarter”. Ince now expects revenue for the year to March 31 to be around £97.0 million, while pre-tax profits are also expected to come in below market expectations. […]]]>

Actions in the legal and professional services team Since fell early Monday after the group revealed that full-year revenue was down “slightly” year-over-year after “a difficult final quarter”.

Ince now expects revenue for the year to March 31 to be around £97.0 million, while pre-tax profits are also expected to come in below market expectations.

The AIM-listed group said negative impacts on its performance ranged from the resurgence of Covid-19 in the UK from late November, lockdowns in Hong Kong and China, conflict in Ukraine and a cyberattack halfway through computer system migrations. in mid-March.

Ince also noted that since announcing its offer to acquire business adviser and stockbroker Arden on Oct. 26, it was bound by “strict regulatory requirements” in terms of communicating with shareholders. However, with the acquisition finally finalized on April 28, the company said it had begun to capitalize on identified synergies and cross-selling opportunities.

Ince added that it now considers it “unlikely” that its final audited results will be released before September.

Chief Executive Adrian Biles said: “The last quarter of the 2021/22 financial year presented a number of challenges. The board of directors intended to complete the acquisition of Arden before the end of January 2022, but due to regulatory issues this has been delayed until after the March 2022 balance sheet date.

“The UK Covid-19 lockdown in December 2021 and January 2022 also had a negative effect on financial performance, as did similar issues in Asia, and on top of that the group was extremely unhappy to having been the victim of a cyberattack in March.”

As of 09:00 BST, Ince shares had fallen 18.68% to 19.11p.

Reporting by Iain Gilbert on Sharecast.com

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State revenue hit a record $1 billion in April https://openmrtd.org/state-revenue-hit-a-record-1-billion-in-april/ Fri, 20 May 2022 20:28:25 +0000 https://openmrtd.org/state-revenue-hit-a-record-1-billion-in-april/ Nebraska state’s April tax receipts are counted and the sum is record high. Gross state receipts for the past month exceeded $1 billion ($1,185,536,454) and net receipts were $939 million. That’s $375 million more than forecast. April marked the largest increase in net income in state history. To put that into perspective, in April 2014, […]]]>

Nebraska state’s April tax receipts are counted and the sum is record high.

Gross state receipts for the past month exceeded $1 billion ($1,185,536,454) and net receipts were $939 million. That’s $375 million more than forecast.

April marked the largest increase in net income in state history. To put that into perspective, in April 2014, net revenue was $483 million. This month of April brought nearly double, noted Governor Pete Ricketts.

Strong revenue over the past two months has propelled the state’s economic strength to unprecedented levels, Ricketts said in a press release. In March and April alone combined, state revenue was more than half a billion dollars higher than what the state’s forecasting advisory board had predicted in February.

Ricketts said Nebraska attracts investment from businesses that bring well-paying jobs to the good life.

“The growth we’ve seen has consistently generated revenue well above expectations,” he said. “This excess revenue paved the way for historic tax relief in the 2022 legislative session. Our continued financial strength paves the way for even more tax relief in the future.


© 2022 The North Platte Bulletin. All rights reserved.

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LiveToBeHappy publishes its results for the first quarter of 2022; Revenue grows 106% YoY to $2.7M https://openmrtd.org/livetobehappy-publishes-its-results-for-the-first-quarter-of-2022-revenue-grows-106-yoy-to-2-7m/ Fri, 20 May 2022 20:00:00 +0000 https://openmrtd.org/livetobehappy-publishes-its-results-for-the-first-quarter-of-2022-revenue-grows-106-yoy-to-2-7m/ CAVU Resources, Inc. Q2 2022 Revenue Expected to Grow at Least 307% Year-Over-Year to $11 Million; Full-year 2022 revenue expected to grow at least 132% to $30 million CHARLOTTE, North Carolina, May 20, 2022 (GLOBE NEWSWIRE) — LiveToBeHappy, Inc. (OTC: CAVR) (“LTBH” or the “Company”), a vertically integrated real estate and lifestyle services company, today […]]]>

CAVU Resources, Inc.

Q2 2022 Revenue Expected to Grow at Least 307% Year-Over-Year to $11 Million; Full-year 2022 revenue expected to grow at least 132% to $30 million

CHARLOTTE, North Carolina, May 20, 2022 (GLOBE NEWSWIRE) — LiveToBeHappy, Inc. (OTC: CAVR) (“LTBH” or the “Company”), a vertically integrated real estate and lifestyle services company, today announced its financial results for the three months ended March 31, 2022 .

Recent Company Highlights

  • Revenue increased 106% year over year to $2.7 million in the first quarter of 2022

  • Gross profit increased 84% year over year to $473,000 in the first quarter of 2022

  • Completed five acquisitions in the fourth quarter of 2021, which in aggregate are accretive to revenue and gross profit

Management commentary

“Our revenue and gross margin growth in the first quarter is a direct result of our execution against our growth strategy,” said Kevin Vincent Cox, Managing Director of LiveToBeHappy, Inc. “The five acquisitions we made end of 2021 have already contributed to our financial performance, representing more than 30% of our first quarter consolidated revenue.While we look forward to the remainder of 2022, we remain focused on evaluating and closing other opportunities in our strong M&A pipeline while driving efficiencies across our current operating portfolio We have built a solid foundation for our platform, from which we plan to build a business that will ultimately drive sustainable value and long term for our shareholders.

“By investing in growth catalysts and the operational efficiencies of our platform, we are demonstrating our ability to prudently deploy capital as we prepare for the next phase of our company,” said Grant Edwards, CFO of LiveToBeHappy. , Inc. “In addition to our growth investments, we are focused on improving our balance sheet and capital structure by repaying our convertible bonds and returning capital to our shareholders in the form of share buybacks.” . We expect our acquisitions to gradually contribute to our financial progress over the coming quarters, and alongside our planned OTCQB listing, we are strongly positioned to continue our transformation as a business.

Outlook

On a preliminary unaudited basis, the Company expects revenue of at least $11 million in the second quarter, reflecting a 307% increase over the prior year quarter. The Company also reaffirms its 2022 outlook of at least doubling its 2021 revenue to $30 million.

About LiveToBeHappy, Inc.

LTBH is a Lifestyles platform company that acquires undervalued assets and manages them professionally. LiveToBeHappy Inc. has several investments which are described in its respective documents. LTBH still has two pending acquisitions under letters of intent that are expected to transform the company into a vertically integrated real estate and lifestyle services company with a broader footprint and a more diversified revenue stream. The company’s mission is to build lives, not just places to live. For more information, please visit our website at www.livetobehappy.com.

Forward-looking statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release that do not relate to historical facts should be considered forward-looking statements, including statements that include words “expect”, “intend”, “plan”, “believe”, “project”, “anticipate”, “estimate”, “may”, “should”, “anticipate”, and similar statements future or forward-looking in nature. These forward-looking statements are based on management’s current expectations. These statements are not promises or guarantees, but involve known and unknown risks, uncertainties and other important factors that may that the actual results, performance or achievements are materially different from any future results, performance or achievements expressed or implied by the forward-looking statements s. statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason, except as required by law.

Investor Relations
MZ North America
+1 949-546-6326
LTBH@mzgroup.us

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Gamelancer Gaming Corp. Files Annual Financial Statements and Releases Fourth Quarter Revenues https://openmrtd.org/gamelancer-gaming-corp-files-annual-financial-statements-and-releases-fourth-quarter-revenues/ Fri, 20 May 2022 17:24:10 +0000 https://openmrtd.org/gamelancer-gaming-corp-files-annual-financial-statements-and-releases-fourth-quarter-revenues/ Enter Wall Street with StreetInsider Premium. Claim your one week free trial here. Toronto, Ontario–(Newsfile Corp. – May 20, 2022) – Gamelancer Gaming Corp.(CSE: GMNG)(formerly, Wondr Gaming Corp.) (“game launcher“or the”Company“) announces that, further to its press releases dated May 4, 2022 and May 18, 2022, the Company is providing a default status report in […]]]>

Enter Wall Street with StreetInsider Premium. Claim your one week free trial here.


Toronto, Ontario–(Newsfile Corp. – May 20, 2022) – Gamelancer Gaming Corp.(CSE: GMNG)(formerly, Wondr Gaming Corp.) (“game launcher“or the”Company“) announces that, further to its press releases dated May 4, 2022 and May 18, 2022, the Company is providing a default status report in accordance with the alternative disclosure guidelines set forth in National Policy 12-203 – Cease Trade Orders for Continuing Disclosure Failures (“NP 12-203“).

On April 20, 2022, the Company announced (the “Default Announcement“) that it planned to late file its audited annual financial statements, MD&A, and CEO and CFO certifications (collectively, the “Continuous Disclosure Documents“) for the financial year ended December 31, 2021, on the prescribed deadline of May 2, 2022.

The Company has filed an application with the applicable securities authorities pursuant to GI 12-203 requesting that a management cease trade order (“MCTO“) be imposed in respect of the anticipated late filing rather than a cease trade order from the issuer. On May 3, 2022, the Company received the OCTM from the Ontario Securities Commission pursuant to NP 12-203, pending the filing of continuous disclosure documents The MCTO does not affect the ability of persons who have not been directors, officers or insiders of the Company to trade in their securities.

The Company is pleased to announce that it has filed its continuous disclosure documents. The continuous disclosure documents can be viewed under the Company’s profile at www.sedar.com.

The Company is also pleased to report that in the fourth quarter of 2021, it generated advertising revenue of $186,919. As the Company continues to develop its business from the start-up phase, the Company also recorded expenses of $9,766,245, a net loss for the year of $9,579,326 and a total comprehensive loss of $9,742,571. , including a fair value loss on a previous investment in a private enterprise.

Said Jon Dwyer, Managing Director:

“It’s been an extremely busy and exciting year for the Gamelancer team with the merger taking us public, the acquisitions of two companies in 2021, and the closing of two additional acquisitions after the end of the year, as well as our funding We are very pleased to now see the results of our efforts and investments with healthy revenue generation in the second half of the fourth quarter We continue to secure revenue-generating contracts that will ensure continued future revenue growth , and with the recent acquisition of Gamelancer Inc., we are well positioned to accelerate this growth in fiscal 2022.”

About Gamelancer

Gamelancer Gaming Corp., an entertainment company listed on the Canadian Securities Exchange, is a growing mobile-focused social media network – generating over 1 billion monthly video views across its 27 owned channels and exploited. With over 28,000,000 followers across TikTok, Instagram and Snapchat, primarily located in the US, Canada, UK and Australia, Gamelancer sells direct and programmatic media across its network to the world’s top brands. Using advanced user data analytics, we provide our audience with curated and relevant content for the GenZ & Millennial gaming community, giving brands unparalleled access to the largest gaming media inventory on TikTok, Instagram and Snapchat. . Gamelancer also monetizes on its variety of Snapchat Gaming channels with monthly recurring revenue in partnership with Snapchat.

For more information, please contact:

Jon Dwyer, President and CEO
E-mail: [email protected];

Bill Mitoulas, Investor Relations
Such : (416) 479-9547
E-mail: [email protected]

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. In particular, and without limitation, this press release contains forward-looking statements and information relating to the Company’s financial statement filings. Forward-looking statements and information are based on certain key expectations and assumptions made by the Company’s management. Although the Company’s management believes that the expectations and assumptions on which these forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information as no assurance can be given that they will prove to be exact. .

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of the Company’s management regarding the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since before

forward-looking statements and information address future events and conditions, and by their very nature involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the informationforward-looking statements and information contained in this press release. Readers are cautioned that the above list of factors is not exhaustive. the frontthe forward-looking statements and information contained in this press release are made as of the date hereof and no commitment is given to publicly update or revise the forward-looking informationforward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124814

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Record tax revenue helps Visalia cope with inflation https://openmrtd.org/record-tax-revenue-helps-visalia-cope-with-inflation/ Fri, 20 May 2022 00:10:15 +0000 https://openmrtd.org/record-tax-revenue-helps-visalia-cope-with-inflation/ Another factor in the city’s lower-than-expected costs was vacancies, a category that has continued to grow during the pandemic. The city currently has 30 vacancies, mostly in public safety. Wages continue to rise with minimum wage as the city must keep pace with other parts of California in retaining employees, further complicated by labor shortages. […]]]>

Another factor in the city’s lower-than-expected costs was vacancies, a category that has continued to grow during the pandemic. The city currently has 30 vacancies, mostly in public safety. Wages continue to rise with minimum wage as the city must keep pace with other parts of California in retaining employees, further complicated by labor shortages. Baby boomers are leaving the workforce in record numbers amid the silver tsunami while many young workers have quit the physical workforce through remote working, allowing them to take better paying jobs out of the region while taking advantage of the valley’s lower cost of living. The city signed three-year contracts with its labor groups last year so it could budget for a 4% increase in wages each year through 2023-24. The general increase represents the bulk of the city’s $7.2 million increase in spending over the next two years.

Despite the vacancies, the city is proposing to add a dozen new employees in 2022-23 and half a dozen more in 2023-24. Of the 18 positions, six are for the police department, five for public works, three for administration and two for community development and finance.

Inflation is also compounding the city’s efforts to control pension costs, health care premiums and repairs to aging infrastructure, all of which were costly before inflation hit a 40-year high.

Record revenues will not put all departments in the dark. The city will still have to subsidize the convention center, sewage treatment plant, animal control, public transit and storm sewers. However, these losses are easily absorbed over the next few years with a total budget of $259 million and $269 million over the next two years.

The budget will return to the board for final approval on June 6 and is subject to change until then. Visalia must approve its budget by the end of the fiscal year on June 30 or be in violation of its own city charter. The full budget document can be viewed on the city’s website (visalia.city) by clicking on “Proposed Budget” on the Department of Finance homepage.

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