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Valiant Holding AG (VAT.F)

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  • Lori Landon Appointed Vice President of Network Solutions at CorVel Corp.
    GlobeNewswire

    Lori Landon Appointed Vice President of Network Solutions at CorVel Corp.

    Industry veteran brings extensive experience to nationwide leader in technology-driven programs for workers' compensation solutionsIRVINE, Calif., March 09, 2021 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL), a national provider of risk management solutions, has named Lori Landon as Vice President, Network Solutions. Landon brings more than 20 years of wide-ranging workers’ compensation industry experience to support CorVel’s ongoing commitment to innovation that enhances end-to-end care and provides valuable information and insight to customers. As Vice President of Network Solutions at CorVel, Landon will oversee Bill Review, PPO and Pharmacy products while streamlining workflows and automation — from clinical services to the mailroom. She also will conduct competitive market analysis, further refine strategic product innovation roadmaps, enhance competitive pricing structures, and engage with cross-functional teams to develop new service capabilities, platform enhancements and business solutions. “Lori is natural fit for CorVel because of her ability to identify enterprise opportunities, build technical and operational capabilities, and develop superior solutions for our customers,” said Michael Combs, President and CEO of CorVel. “Her extensive experience and dedication to improving workers’ compensation results align with CorVel’s core values and goals, we are very pleased to have her join our team.” Landon has a strong track record of creating, designing and building customer-centric solutions and products, and successfully managing strategic implementations to drive better outcomes and reduce medical costs. Throughout her career, she has held many senior leadership positions in operations, service delivery, finance, account management, sales, and product and solutions development. “What drove me to join CorVel was the passion that each of the team members expressed about the culture at the company, along with the patient-focused approach to workers’ compensation,” said Landon. “CorVel’s end-to-end services that leverage innovative technology are unique in the marketplace, and something I look forward to supporting. More importantly, CorVel is truly a family. The entrepreneurial environment where everyone has a stake in the decision-making process makes me excited to be a part of the team.” CorVel has risen to the challenges of 2020 is thriving due to its solid technical foundation and agility, which have allowed the company to easily scale to meet the tenfold increase in telehealth demand. CorVel’s continuing ability to adapt to the evolving needs of their broad customer base also factors into their recent growth. The addition of Landon will allow for the development, implementation and maintenance of competitive and effective programs to support the Network Solutions product in conjunction with other corporate goals and objectives. About CorVel CorVel Corporation is a national provider of innovative workers’ compensation, auto, liability and health solutions for employers, third-party administrators, insurance companies and government agencies seeking to control costs and promote positive outcomes. We apply technology, intelligence and a human touch throughout the risk management process so our clients can intervene early and often while being connected to the critical intelligence they need to proactively manage risk. With a robust technology platform at its core, our connected solution is delivered by a national team of associates who are committed to helping clients design and administer programs that meet their organization’s performance goals. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. Such forward-looking statements include, but are not limited to, statements relating to the Company’s network solution services and the Company’s continued investment in these and other innovative technologies, and statements relating to the Company’s strategic alliances within the healthcare market. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement, including the risk that the impact of the COVID-19 pandemic on our business, results of operations and financial condition is greater than our initial assessment. The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2020 and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2020 and September 30, 2020. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-lookingContact: Melissa StoranPhone: 949-851-1473http://www.corvel.com

  • CorVel Announces Revenues and Earnings
    GlobeNewswire

    CorVel Announces Revenues and Earnings

    IRVINE, Calif., Feb. 02, 2021 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) announced its results for the quarter ended December 31, 2020. Earnings per share for the quarter ended December 31, 2020 were 63 cents. Revenues for the period were $142 million. Earnings per share for the nine months ended December 31, 2020 were $1.74 and revenues for the nine months ended December 31, 2020 were $407 million. Although the global pandemic continues, CorVel’s business performance in this quarter improved over the December 2019 quarter. This result is attributed to advances in operational performance in addition to increased business development. New sales were a record for the calendar year, with particular success in claims administration and CERiS commercial health review business. CorVel's technical foundation supported the agility to quickly transition to work from home, easily scale to meet the tenfold increase in telehealth demand, and effectively respond to evolving customer needs. From a strategic perspective, the Company’s position and ability to continue adapting, responding and thriving in this dynamic environment is strong. The health market is evolving their payment integrity processes to a prepay approach, which requires bill review to be completed within stringent time requirements. The CERiS processing operation, which has been gaining momentum going into this year, was developed to support prepayment processing. By leveraging technology and advanced analytics to automate tasks and compress processing time, clients are able to make payments with confidence that billing and coding information is accurate. About CorVel CorVel Corporation is a national provider of innovative workers’ compensation, auto, liability and health solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. We apply technology, intelligence, and a human touch throughout the risk management process so our clients can intervene early and often while being connected to the critical intelligence they need to proactively manage risk. With a robust technology platform at its core, our connected solution is delivered by a national team of associates who are committed to helping clients design and administer programs that meet their organization’s performance goals. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. Such forward-looking statements include, but are not limited to, statements relating to the Company’s telehealth services and the Company’s continued investment in these and other innovative technologies, and statements relating to the Company’s strategic alliances within the healthcare market. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement, including the risk that the impact of the COVID-19 pandemic on our business, results of operations and financial condition is greater than our initial assessment. The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2020 and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2020 and September 30, 2020. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason. CorVel CorporationQuarterly Results – Income StatementQuarters and Nine Months Ended December 31, 2020 (unaudited) and December 31, 2019 (unaudited) Quarter Ended December 31, 2020 December 31, 2019 Revenues $141,506,000 $148,092,000 Cost of revenues 110,613,000 118,839,000 Gross profit 30,893,000 29,253,000 General and administrative 16,937,000 17,000,000 Income from operations 13,956,000 12,253,000 Income tax provision 2,576,000 2,901,000 Net income $11,380,000 $9,352,000 Earnings Per Share: Basic $0.64 $0.51 Diluted $0.63 $0.50 Weighted Shares Basic 17,899,000 18,253,000 Diluted 18,180,000 18,526,000 Nine Months Ended December 31, 2020 December 31, 2019 Revenues $407,134,000 $445,200,000 Cost of revenues 319,228,000 350,024,000 Gross profit 87,906,000 95,176,000 General and administrative 48,084,000 49,290,000 Income from operations 39,822,000 45,886,000 Income tax provision 8,275,000 10,256,000 Net income $31,547,000 $35,630,000 Earnings Per Share: Basic $1.76 $1.94 Diluted $1.74 $1.91 Weighted Shares Basic 17,939,000 18,410,000 Diluted 18,156,000 18,695,000 CorVel CorporationQuarterly Results – Condensed Balance SheetDecember 31, 2020 (unaudited) and March 31, 2020 (audited) December 31, 2020 March 31, 2020 Cash $128,829,000 $83,223,000 Customer deposits 54,371,000 48,991,000 Accounts receivable, net 63,579,000 65,767,000 Prepaid taxes and expenses 12,453,000 11,010,000 Property, net 72,483,000 75,900,000 Goodwill and other assets 39,517,000 40,703,000 Right-of-use asset, net 86,633,000 90,666,000 Total $457,865,000 $416,260,000 Accounts and taxes payable $17,494,000 $16,363,000 Accrued liabilities 141,328,000 117,326,000 Deferred tax liability 6,893,000 7,764,000 Long-term lease liabilities 82,277,000 85,096,000 Paid-in capital 179,678,000 168,938,000 Treasury stock (553,889,000) (531,764,000)Retained earnings 584,084,000 552,537,000 Total $457,865,000 $416,260,000 Contact: Melissa StoranPhone: 949-851-1473http://www.corvel.com

  • GlobeNewswire

    CorVel Announces Quarterly Earnings Release Webcast

    IRVINE, Calif., Jan. 20, 2021 (GLOBE NEWSWIRE) -- Event: Quarterly Earnings Release Webcast Hosts:Michael Combs, President and Chief Executive Officer Brandon O’Brien, Chief Financial Officer Date: Tuesday February 2, 2021 Time: 11:30 am EST. Listen: www.corvel.com Contact: Investor Relations – 949-851-1473 About CorVel CorVel Corporation is a national provider of industry-leading workers’ compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. We apply technology, intelligence, and a human touch to the risk management process so our clients can intervene early and are connected to the critical intelligence they need to proactively manage risk. With a robust technology platform at its core, our connected solution is delivered by a national team of associates who are committed to helping clients design and manage programs that meet their organization’s performance goals. This press release contains forward-looking statements that are subject to risks and uncertainties, including the risk that the historical financial performance of the Company may not be indicative of future financial performance and the risk that the recent performance of the Company’s Common Stock may not be indicative of its future performance, as well as other risks detailed from time to time in the Company’s SEC reports, including the report on Form 10-K for the year ended March 31, 2020 and the Company’s most recent Form 10-Q. (Minimum requirements to listen to broadcast: Windows Media Player and a broadband Internet connection.) SOURCE: CorVel Corporation CorVel Corporation is publicly traded on the NASDAQ National Market System under the stock symbol CRVL. The CorVel Corporation Annual Report on Form 10-K filed with the Securities and Exchange Commission may be obtained by clicking here or by contacting: CorVel Corporation1920 Main Street, Suite 900Irvine, California 92614888-7-CORVELinvestor_relations@corvel.com Contact: Melissa StoranPhone: 949-851-1473http://www.corvel.com