Emerald Holding, Inc. - EEX STOCK NEWS

Emerald Holding, Inc. (NYSE:EEX) reported a net loss of $9.0 million for Q3 2021, a significant improvement from $15.3 million in Q3 2020. Revenues surged to $76.5 million, up 800% year-over-year, benefiting from 32 in-person events serving over 92,000 attendees. Adjusted EBITDA stood at $9.4 million, a turnaround from a negative $3.2 million. The company ended the quarter with $303.6 million in cash and expanded its share repurchase program to $20 million. Insurance claims related to event cancellations totaled $167 million, with $184.3 million received.

Emerald Holding, Inc. (NYSE:EEX) will release its third quarter 2021 financial results on November 1, 2021, before the market opens. A conference call to discuss these results is scheduled for 10:30 AM ET the same day. Investors can access the call via phone or webcast through the company's website. A replay of the call will be available for a limited time. Emerald is known for its dynamic business-to-business platforms and hosts over 140 events annually.

Emerald Holding, Inc. (NYSE:EEX) has successfully held over 20 in-person events since June 2021, attracting more than 90,000 attendees and 5,000 exhibiting companies. Attendance levels have reached 30% to 70% of pre-COVID figures, with high exhibitor satisfaction indicated by a 400% increase in net promoter scores compared to 2019. President Hervé Sedky highlights the importance of these events for generating new business and enhancing customer connections. Emerald plans a full event calendar for 2022, aiming to deliver consistent value through live events and year-round solutions.

Emerald Holding (NYSE:EEX) reported Q2 2021 revenue of $15.0 million, up 114.3% year-over-year, yet posted a net loss of $46.5 million compared to net income of $9.9 million in Q2 2020. The company is actively pursuing $167 million in insurance claims related to event cancellations, with $124.7 million received to date. Despite the challenges of COVID-19, Emerald aims to host 86 live events in H2 2021, bolstered by a cash balance of $302.8 million and a robust event cancellation insurance policy. Adjusted EBITDA was -$13.6 million, reflecting ongoing financial pressures.

Emerald Holding, Inc. (NYSE:EEX) announced it will release its Q2 2021 financial results on July 30, 2021, prior to market open. A conference call to discuss these results will follow at 8:30 am ET. Investors can participate by dialing designated numbers, with a replay available until August 6, 2021. The Company focuses on creating dynamic business-to-business platforms, hosting over 140 events annually, and aims to enhance customer success through innovative solutions.

Emerald Holding (NYSE:EEX) has partnered with Comexposium to launch SIAL America, a large-scale food show set for March 22-24, 2022, at the Las Vegas Convention Center. This event aims to enhance the $1.5 trillion Food and Beverage market by connecting food industry stakeholders, including manufacturers, retailers, and distributors. SIAL America will feature diverse categories like Organic, Beverages, and Meat products. The initiative leverages Emerald's event expertise and Comexposium's global SIAL brand, promising substantial networking opportunities for participants.

Emerald Holding, Inc. (NYSE:EEX) reported Q1 2021 revenues of $12.9 million, down 87.1% from $99.7 million in Q1 2020, largely due to COVID-19 event cancellations. The company experienced a net loss of $15.3 million, significantly improved from a net loss of $570.1 million in the prior year, which included substantial non-cash impairments. Adjusted EBITDA was negative $2.7 million, a drop from positive $23.6 million year-over-year. Emerald maintains a strong liquidity position with $293.6 million in cash and is pursuing insurance claims of up to $200 million related to cancellations.

Emerald Holding, Inc. (NYSE:EEX) announced the launch of its new Digital Market platform, enhancing B2B e-commerce with 365-day access for product sourcing and ordering. This initiative aims to improve buyer/supplier interactions during live events like Outdoor Retailer and Surf Expo. CEO Hervé Sedky emphasized its role in streamlining digital transactions year-round, meeting increasing demand for a unified wholesale purchasing interface. The platform integrates Elastic Suite's technology, benefiting retailers and brands, including industry leaders like The North Face and Patagonia.

Emerald Holding, Inc. (NYSE:EEX) has announced that Hervé Sedky, President and CEO, along with CFO David Doft, will participate virtually in two upcoming conferences. These include the Goldman Sachs 14th European Small & Mid Cap Symposium on May 5, 2021, and the Credit Suisse 3rd Annual eXtreme Services Conference on May 6, 2021. Management will also be available for one-on-one meetings with investors. Emerald focuses on creating dynamic, market-driven B2B platforms that combine live events with digital tools and insights, hosting over 140 events annually.