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Boston Omaha announced the departure of Co-CEO Alex Rozek to pursue new entrepreneurial opportunities, leaving Adam Peterson as the sole CEO. The company has evolved into a diversified holding company with interests in outdoor advertising, surety insurance, fiber to the home, and minority interests in other corporations. Boston Omaha plans to focus on growing existing business lines before considering new opportunities, aiming to increase value per share for shareholders.
Southland Holdings, awarded a $202 million contract to construct the Bull Run Filtration Facility Project in Portland, Oregon, through its subsidiary Oscar Renda Contracting. The project includes various water filtration components to provide safe drinking water to approximately one million residents in three counties. The project is expected to be completed in the second quarter of 2024.
Southland Holdings, a specialized infrastructure construction services provider, will release its first quarter 2024 results on May 13, 2024. A conference call will be held on May 14, 2024, accessible online.
Southland Holdings, a company listed under NYSE American as SLND, announced that its subsidiaries, Oscar Renda Contracting and Southland Contracting, secured three new civil segment projects worth $150 million. These projects involve water pipeline, tunnel, and water treatment plant improvements, contributing to the company's second quarter 2024 backlog.
Vicarious Surgical Inc. (RBOT) reported its first-quarter 2024 financial results, showcasing a decrease in operating expenses, R&D expenses, general and administrative expenses, and sales and marketing expenses compared to the previous year. The company reported an adjusted net loss of $15.1 million, equating to a loss of $0.09 per share, and a GAAP net loss of $17.0 million, or a net loss per share of $0.10 for the same period. Vicarious Surgical had $84.1 million in cash and investments as of March 31, 2024, with a cash burn rate of $14.1 million for the first quarter. The company reiterated its expected full-year 2024 cash burn of approximately $50 million.
