indie Semiconductor Exceeds Q1 2023 Growth Expectations

Delivers Revenue of $40.5M, up 84% YoY and 22% Sequentially Expands Non-GAAP Gross Margin to 52.2%, up 484 Basis Points YoY Guides Q2 2023 Revenue up 102% YoY and 28% Sequentially to a >$200M Annualized Run-rate ALISO VIEJO, Calif.–(BUSINESS WIRE)–indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, today announced first quarter results for the […]

ESAB Corporation Board Declares Dividend

NORTH BETHESDA, Md.–(BUSINESS WIRE)– About ESAB Corporation Founded in 1904, ESAB Corporation (NYSE: ESAB) is a world leader in connected fabrication technology and gas control solutions. Our rich history of innovative products and workflow solutions and our business system (EBX) allows us to realize our purpose of Shaping the world we imagine. ESAB Corporation is […]

Ouster Exceeds Q1 2023 Revenue Guidance; Increases Target for Merger Cost Synergies

Over $17 million in revenue and $33 million in bookings in the first quarter 2023 Shipped REV7 sensors to over 110 customers in the first quarter 2023 Now targeting annualized merger cost synergies of between $80 and $85 million SAN FRANCISCO–(BUSINESS WIRE)–$OUST—Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-performance lidar […]

SoundHound AI Reports First Quarter Revenue Increase of 56%

Significantly Improves Cash Position and Operating Expenses; Reaffirms Full Year Guidance SANTA CLARA, Calif.–(BUSINESS WIRE)–$SOUN #AI–SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today reported its financial results for the first quarter of 2023. “The incredible surge in demand for conversational AI is giving SoundHound a unique advantage. As an established […]

AEye Reports First Quarter 2023 Results

DUBLIN, Calif.–(BUSINESS WIRE)– Management Commentary “After a comprehensive review of AEye’s business, it was clear that we needed to intensify our focus on automotive and our path to commercialization with Continental, while aligning our resources with this streamlined business model,” said Matt Fisch, Chief Executive Officer of AEye. “During the first quarter of 2023, we […]

Casting Catching On: Linamar to open giga casting plant in Welland, Ont. in 2025

Welland, Ontario — Ontario-based auto parts manufacturer Linamar is getting into the giga casting game, announcing Wednesday plans to open an electric vehicle parts plant in Welland, Ont., set to open in February 2025. In its press release, Linamar spokespeople say this will make the company the first Tier 1 supplier outside of Asia to […]

Tighter Living: Average auto insurance premium in Ontario grows by 12 percent in 2023

Toronto, Ontario — Insurance research firm, Rates.ca has released its list of cities that pay the highest auto insurance premiums in Ontario, with the average estimated premium growing by 12 percent in 2023, compared to 2021. This is the largest increase recorded by the Insuramap survey, with the average estimated premium sitting at $1,744, compared to […]

Backseat Bruises: Small cars underperform in rear-seat passenger protection, IIHS report says

Toronto, Ontario — Small cars are the latest vehicle to record less-than-stellar results in the IIHS’s updated moderate overlap crash test, with the Institute reporting that many of the tested vehicles failed to protect their rear-seat passengers. Bearing an unfortunate resemblance to its recent testing of midsize SUVs in the same test, the U.S.’s Insurance […]