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Tetra technologies, Inc. Announces financial results for the third quarter 2022

Revenue of $135 million in the third quarter of 2022 increased 41% from the third quarter of 2021. Net income before discontinued operations was $2.7

Revenue of $135 million in the third quarter of 2022 increased 41% from the third quarter of 2021. Net income before discontinued operations was $2.7 million, which included nonrecurring charges and expenses. From $17.9 million in the second quarter of 2022, cash flow from operating activities increased by 24% year on year. Revenue increased 7.5% year on year, led by our Water & Flowback Services segment, which increased 15% year on year. Income before taxes was $6.5 million, while Adjusted EBITDA increased by $8 million, or 158%, to $13.2 million. TETRA controls 30% of the market for completion fluids in the Gulf of Mexico. Income before taxes was $12.4 million for the quarter, and Adjusted EBITDA margins were 24.9%, up from 23.7% in the second quarter. Sales Read More..

B2B Tech News | 2 years ago        

Inflation reaches a new record of 10.7% in Europe, the economy slows down

Annual inflation reached 10.7 percent in October, according to Eurostat, the European Unions statistics agency, on Monday. It is the highest since sta

Annual inflation reached 10.7 percent in October, according to Eurostat, the European Unions statistics agency, on Monday. It is the highest since statistics for the eurozone began in 1997. To keep generating electricity and heating homes, Europe has had to rely on costly shipments of liquefied gas by ship from the United States and Qatar. The European inflation outbreak has been a global phenomenon, sending prices to near 40year highs in the United States as well. Food, alcohol, and tobacco have increasingly joined energy prices as major contributors, with energy prices rising by an astounding 41.9 percent. Many economists predict that the economy will contract in the final months of this year and the first half of next year. Read More..

B2B Tech News | 2 years ago        

Australias fintech space grows to 775 active companies

According to KPMG, the number of fintech companies in Australia increased by 8% in the last year to 775. According to the report, despite volatility,

According to KPMG, the number of fintech companies in Australia increased by 8% in the last year to 775. According to the report, despite volatility, the blockchain and cryptocurrency sector has been the fastest growing subsector in the ecosystem, up 18% from 2021. Over US$29.6 billion in space investment was recorded in the first half of 2022. According to KPMG Australias Dan Teper, the balance between revenue growth and profitability is shifting, with investors demanding a higher level of transparency. More consolidation is likely as existing players seek scale and cost efficiencies. Read More..

B2B Tech News | 2 years ago        

Standard Bank open to acquisitions in Nigeria, Kenya

The lender is also looking to expand its operations in Ethiopia and its home market of South Africa. In 2007, Standard Bank paid $400 million to acqui

The lender is also looking to expand its operations in Ethiopia and its home market of South Africa. In 2007, Standard Bank paid $400 million to acquire control of its Nigerian subsidiary. Stanbic IBTC Holdings Plc increased its profit by 38% in the six months to June. Standard Bank sees Nigeria as a great opportunity to expand in Africas largest economy. The lender also intends to expand its midsized business in the Kenyan market. The earnings outlook for Standard Bank has improved, and the stronger backdrop allows the lender to focus on building exposure. Read More..

B2B Tech News | 2 years ago        

Australian software company ReadyTech receives a $ 308 million offer from the PE firm

Pacific Equity Partners PEP, one of Australias largest private equity firms, made a buyout offer of A$481.4 million $308.3 million. The proposed A$4.5

Pacific Equity Partners PEP, one of Australias largest private equity firms, made a buyout offer of A$481.4 million $308.3 million. The proposed A$4.50 per share price is nearly 39% higher than the stocks last close. It is the third investment for an Australian technology company since last week, indicating growing interest in the sector amid low valuations. Read More..

B2B Tech News | 2 years ago        

Southeast Asias $300 billion digital economy is driving phenomenal growth

Southeast Asias thriving digital economy is expected to exceed $300 billion by 2026. Emerging threats and vulnerabilities increase the risk of fraud.

Southeast Asias thriving digital economy is expected to exceed $300 billion by 2026. Emerging threats and vulnerabilities increase the risk of fraud. Each markets payment system has distinct characteristics and, as a result, distinct vulnerabilities. Any business that operates in the region must be highly localised and comprehended. 2C2P is pleased to collaborate with the MRC to commission this important report, which we hope will support more secure and riskfree growth for businesses throughout Southeast Asia. The IDC Infobrief identifies appropriate methods for businesses to reduce the risk of fraud by identifying the best payments partner. Read More..

B2B Tech News | 2 years ago        

Mango invests in the textile waste startup “Recovo”

Mango, a Spanish apparel manufacturer, has invested in the B2B marketplace Recovo. Deadstock fabric that would otherwise be regarded as textile trash

Mango, a Spanish apparel manufacturer, has invested in the B2B marketplace Recovo. Deadstock fabric that would otherwise be regarded as textile trash is Recovos specialty. Recovos textile waste company will benefit from a convertible equity loan from Mango as part of the agreement. The clothing company is the first in the world to sign up for the Fashion Pact, which aims to decrease the environmental impact of the fashion sector. Mango ratified the Fashion Industry Charter for Climate Action in 2019. Read More..

B2B Tech News | 2 years ago        

Apple workers in Australia are preparing for more strikes

Following the rejection of a salary and benefit agreement by nearly twothirds of employees, hundreds of Apple employees in Australia are planning to s

Following the rejection of a salary and benefit agreement by nearly twothirds of employees, hundreds of Apple employees in Australia are planning to strike once more. It is the most recent escalation in a dispute that has resulted in weeks worth of store walkouts across the nation. Monday nights meeting of the Retail and Fast Food Workers Union RAFFWU would definitely include discussion of additional strikes, according to union reps. Read More..

B2B Tech News | 2 years ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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