Worthington Steel, Inc. - $ws STOCK NEWS

Sky Harbour Group Corporation (NYSE American: SKYH, SKYH WS) announced its 2023 2nd quarter Financial Results in Form 10-Q. Q2 2023 revenues increased by 322% as compared to Q2 2022 and 56% compared to Q1 2023. SG&A expenses decreased by 5% compared to Q2 2022. Net cash flow used in operating activities during the six months ended June 30, 2023, improved to $9.1 million from $24.3 million during the six months ended June 30, 2022. The company maintains strong liquidity and capital resources, with cash, restricted cash, and US Treasury investments amounting to approximately $150 million as of June 30, 2023. The acquisition of pre-engineered metal building (PEMB) manufacturing company, RapidBuilt, was completed. Exclusive negotiations are underway for new ground leases at six target airports, with the company projecting full occupancy of new campuses by Q4 2023. The company's new project pipeline continues to expand, now including dozens of airports. Sky Harbour is recognized as the best Home Basing offering in business aviation, with plans for continued growth and improvement.

Southland Holdings, Inc. announces financial results for Q2 2023 with revenue of $257 million, down 5.9% YoY. Gross loss of $34 million and net loss of $13 million. Backlog increases to $2.7 billion, up 36% YoY. Positive cash flow of $24 million.

Kaleyra announces changes in the management team: Nicola Junior Vitto departure and new appointment of Mauro Carobene

Southland Holdings, Inc. announced preliminary financial results for Q2 2023. Revenue was $257 million, gross loss was $34 million, and positive cash flow from operating activities was $24 million. The company incurred significant charges related to its legacy asphalt and concrete materials production and paving business. It sold various materials production assets in Q2 and recorded unfavorable charges for expected future costs. The estimated negative impact to gross margin from these charges is approximately $49 million. Approximately 12% of the company's $2.7 billion backlog consists of legacy large-scale paving work.

Sky Harbour Group Corporation (SKYH) will release its 2023 second quarter financial results on August 14th and host a conference call and webcast on August 15, 2023, to review the financial results and provide a general business update. The call and webcast are open to the public, and a question-and-answer session with Sky Harbour leadership will follow.

Vicarious Surgical Inc. will participate in the Canaccord Genuity 43rd Annual Growth Conference on August 9 at 2:30 p.m. ET. The company aims to improve patient outcomes and surgical procedure efficiency through robotics technology. A live webcast of the presentation will be available on the company's website.

Vicarious Surgical Inc. (RBOT) announced the pricing of its underwritten public offering of 45,000,000 shares of its Class A common stock at $1.00 per share, with an option to purchase up to an additional 6,750,000 shares. The Company expects to receive total gross proceeds of approximately $45.0 million from the offering.