Shaun Micheel

Shaun Micheel

Upcoming: No current tournament
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Leader
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Bio
Height/Weight: 6' 0"/185 lbs
Born: Orlando, Florida
Turned Pro: 1992
Career Earnings:

2021 Tournament Data

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  • Eargo to Present at BofA Securities 2021 Virtual Health Care Conference
    GlobeNewswire

    Eargo to Present at BofA Securities 2021 Virtual Health Care Conference

    SAN JOSE, Calif., April 19, 2021 (GLOBE NEWSWIRE) -- Eargo, Inc. (Nasdaq: EAR), a medical device company on a mission to improve the quality of life for people with hearing loss, today announced it will present at the BofA Securities 2021 Virtual Health Care Conference via web cast. Christian Gormsen, Eargo’s President and Chief Executive Officer, is scheduled to present on Thursday, May 13th at 11:45 a.m. Eastern Time (8:45 a.m. Pacific Time). The live web cast of Eargo’s presentation, along with accompanying slides, can be accessed at www.eargo.com and will be available for replay for 90 days following the live event. About EargoEargo is a medical device company dedicated to improving the quality of life of people with hearing loss. Our innovative product and go-to-market approach address the major challenges of traditional hearing aid adoption, including social stigma, accessibility and cost. We believe our Eargo hearing aids are the first and only virtually invisible, rechargeable, completely-in-canal, FDA registered, exempt Class I or Class 2 devices for the treatment of hearing loss. Our differentiated, consumer-first solution empowers consumers to take control of their hearing. Consumers can purchase online or over the phone and get personalized and convenient consultation and support from licensed hearing professionals via phone, text, email or video chat. The Eargo solution is offered to consumers at approximately half the cost of competing hearing aids purchased through traditional channels in the United States. The company’s 4th generation product, the Eargo Neo HiFi, was launched in January 2020 and features improved capabilities across audio fidelity and bandwidth. The Eargo Neo HiFi is available for purchase here. Related Linkshttp://eargo.com Investor ContactNick LaudicoVice President of Investor Relationsir@eargo.com Media ContactBrad Sheetseargo@edelman.com

  • GlobeNewswire

    SMG Industries, Inc. Reports Financial Results for Fiscal Year 2020

    Transportation Services Company Reports $26.6 million in revenue for 2020, net of discontinued operations, an increase of $26.1 million from 2019 HOUSTON, TX, April 19, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- SMG Industries, Inc. (the “Company”) (OTCQB:SMGI), a growth-oriented transportation services company focused on the domestic infrastructure logistics market, today reported financial results for the full year ended December 31, 2020 and released its 2020 Annual Report on Form 10-K. Fiscal Year 2020 Highlights · Net of Discontinued Operations (MG Cleaners and Trinity Services), Revenues increased to $26.6 million in 2020, or about 5,100% from $508 thousand for the year 2019. · Pro forma revenues for 2020, illustrating the Feb. 27, 2020 acquisition of 5J for the full year 2020, (net of discontinued operations), was $34.2 million. · Selling, General and Administrative expenses were 19.8% of sales for 2020. · Net loss from continuing operations for 2020 was $14.1 million, which included acquisition expenses of the transportation services business and one-time, non-operational write downs and impairment expenses associated with the oil and gas focused services and assets held for sale. · Total Assets grew to approximately $27.4 million in 2020 from $6.4 million in 2019. The Company made significant strides in its announced transformation to transportation services from an upstream oil and gas focused services company during the fiscal year 2020. SMGI acquired 5J Trucking and 5J Oilfield Services, sold its MG Cleaners subsidiary in December 2020, and positioned its other upstream oil and gas divisions, such as Trinity Services, for divestiture or sale. The Company’s pivot and focus last year to transportation services was in response to volatile oil prices and the global COVID pandemic effects on economic activity. The discontinued operations of MG Cleaners and Trinity Services removed approximately $4.3 million in annual revenues from our results in 2020. See footnote 9 in our Company’s Annual Report on Form 10-k for more information and for the 2020 pro forma revenues presentation. Mr. Jeffrey Martini, CEO of SMG, stated, “In the face of challenges including negative oil prices, industry volatility, and economic activity reductions caused by the COVID pandemic in 2020, the Company made strategic pivots in its business focus to reduce its exposure in upstream oil and gas concentration and focus more in transportation services including infrastructure. Currently, we believe the Company will continue to expand its service offerings in transportation organically and through acquisition with our Buy & Build strategy continuing to acquire market share of the estimated $700 billion US transportation industry.” Mr. Martini continued, “With the 5J acquisition, the Company’s total assets have grown to approximately $27.4 million, currently representing more than 100 tractors and semis, about 250 multi-axle trailers, 10 cranes, and 25 forklifts that serve more than 200 customers. Our 5J Transportation Group is particularly excited about the possible infrastructure investments proposed by the U.S. government and industry that could represent additional activity in wind energy, power transformers, compressors and bridge beams that we haul for customers.” Further information is available, including management’s discussion and analysis of the financial results and disclosures, in the Company’s 2020 Annual Report on Form 10-k filed April 19, 2021. About SMG Industries, Inc.: SMG Industries is a growth-oriented transportation services company focused on the domestic infrastructure logistics market. Through several of the Company’s wholly-owned subsidiaries branded as the 5J Transportation Group, it offers heavy haul, super heavy haul, hot shot and drilling rig mobilization services. 5J’s dimensional permitted jobs can support up to 500-thousand-pound loads which include cargo associated with wind energy, power generation components, bridge beams, compressors, and refinery and construction equipment. SMG Industries, Inc. headquartered in Houston, Texas has facilities in Floresville, Henderson, Odessa, Palestine, Tomball, and Victoria, Texas. Read more at www.SMGIndustries.com. Contact: Matthew Flemming, SMG Industries, Inc. +1-713-821-3153 Source: SMG Industries, Inc. SMG INDUSTRIES, INC.CONSOLIDATED BALANCE SHEETS December 31, December 31, 2020 2019 ASSETS Current assets: Cash and cash equivalents $ 263,814 $ 29,568 Restricted cash 715,274 - Accounts receivable, net of allowance for doubtful accounts of $691,098 and $42,182 as of December 31, 2020 and 2019, respectively 4,920,967 - Prepaid expenses and other current assets 1,409,996 102,567 Current assets of discontinued operations 437,787 1,572,127 Total current assets 7,747,838 1,704,262 Property and equipment, net of accumulated depreciation of $5,991,572 and $451,195 as of December 31, 2020 and 2019, respectively 16,337,914 1,311,991 Right of use assets - operating lease 1,270,989 46,882 Other assets 499,707 2,620 Other assets of discontinued operations, net 1,568,700 3,365,629 Total assets $ 27,425,148 $ 6,431,384 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable $ 3,171,086 $ 603,129 Accounts payable - related party 205,444 - Accrued expenses and other liabilities 2,373,057 258,543 Right of use liabilities - operating leases short term 575,517 29,313 Deferred revenue 30,000 30,000 Secured line of credit 4,046,256 10,204 Current portion of unsecured notes payable 2,187,436 76,374 Current portion of secured notes payable, net 4,010,627 717,504 Current portion of convertible note, net 50,000 - Current liabilities of discontinued operations 2,243,037 4,042,055 Total current liabilities 18,892,460 5,767,122 Long term liabilities: Convertible note payable, net 2,417,335 260,926 Notes payable - unsecured, net of current portion 1,040,223 - Notes payable - secured, net of current portion 14,038,409 727,701 Right of use liabilities - operating leases, net of current portion 846,212 17,569 Long term liabilities of discontinued operations 1,008,362 579,514 Total liabilities 38,243,001 7,352,832 Commitments and contingencies Stockholders' deficit Preferred stock 1,000,000 shares authorized: Series A preferred stock - $0.001 par value; 2,000 shares authorized; 2,000 shares issued 2 2 and outstanding at December 31, 2020 and 2019 Series B convertible preferred stock - $0.001 par value; 6,000 shares authorized; no shares issued and outstanding at December 31, 2020 and 2019, respectively - - Common stock - $0.001 par value; 250,000,000 shares authorized; 19,446,258 and 14,881,372 shares issued and outstanding at December 31, 2020 and 2019, respectively 19,447 14,881 Additional paid in capital 10,978,254 4,756,194 Accumulated deficit (21,815,556) (5,692,525) Total stockholders' deficit (10,817,853) (921,448) Total liabilities and stockholders' deficit $ 27,425,148 $ 6,431,384 The accompanying notes are an integral part of these consolidated financial statements SMG INDUSTRIES INC.CONSOLIDATED STATEMENTS OF OPERATIONSFor the years ended December 31, 2020 and 2019 December 31, 2020 December 31, 2019 REVENUES $ 26,665,719 $ 508,659 COST OF REVENUES 29,477,208 967,305 GROSS PROFIT (2,811,489) (458,646) OPERATING EXPENSES: Selling, general and administrative 5,267,186 1,707,982 Impairment expense 1,084,671 565,466 Acquisition costs 1,485,829 70,945 Total operating expenses 7,837,686 2,344,393 LOSS FROM OPERATIONS (10,649,175) (2,803,039) OTHER INCOME (EXPENSE) Interest expense, net (3,801,020) (573,028) Other income 74,587 14,159 Other expense (30,000) - Gain (loss) on settlement of notes payable (14,204) (101,251) Gain on sale of assets 220,315 3,669 Gain on extinguishment of debt 94,339 - Total other income (expense) (3,455,983) (656,451) NET LOSS FROM CONTINUING OPERATIONS (14,105,158) (3,459,490) Gain on disposal of discontinued operations 572,741 - Loss from discontinued operations (2,336,573) (524,868) NET LOSS (15,868,990) (3,984,358) Preferred stock dividends (254,041) (30,740) NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (16,123,031) $ (4,015,098) Net loss per common share Continuing operations $ (0.80) $ (0.25) Discontinued operations $ (0.10) $ (0.04) Net loss attributable to common shareholders $ (0.90) $ (0.29) Weighted average common shares outstanding Basic 17,860,452 13,824,474 Diluted 17,860,452 13,824,474 The accompanying notes are an integral part of these consolidated financial statements SMG INDUSTRIES INC.CONSOLIDATED STATEMENTS OF CASH FLOWSFor the years ended December 31, 2020 and 2019 December 31, 2020 December 31, 2019 CASH FLOWS FROM OPERATING ACTIVITIES: Net loss from continuing operations $ (14,105,158) $ (3,459,490) Adjustments to reconcile net loss to net cash used in operating activities: Stock based compensation 66,566 246,099 Depreciation and amortization 4,901,689 240,318 Amortization of deferred financing costs 609,396 516,956 Amortization of right of use assets - operating leases 286,790 305,903 Impairment expense 1,084,671 565,466 Bad debt expense 474,708 52,737 Loss on settlement of liabilities 21,407 69,512 Gain on disposal of assets (220,315) (3,669) Gain extinguishment of debt (94,339) - Changes in: Accounts receivable 2,782,038 29,716 Prepaid expenses and other current assets 558,182 (77,568) Accounts payable (2,158,362) 936,797 Accounts payable - related party 130,444 - Accrued expenses and other liabilities 2,067,828 198,506 Right of use operating lease liabilities (136,050) (305,903) Deferred revenue - 30,000 Net cash used in operating activities from continuing operations (3,730,505) (654,620) Net cash used in operating activities from discontinued operations (242,162) 340,317 Net cash used in operating activities (3,972,667) (314,303) CASH FLOWS FROM INVESTING ACTIVITIES: Cash paid for acquisition of 5J Entities, net (6,320,168) - Cash paid for acquisition of Trinity Services, LLC - (500,000) Cash paid for disposal of MG Cleaners, LLC (75,000) - Cash received from sale of property and equipment 4,200 - Cash paid for purchase of property and equipment (404,200) (28,107) Net cash used in investing activities from continuing operations (6,795,168) (528,107) Net cash used in investing activities from discontinued operations (42,368) (15,325) Net cash used in investing activities (6,837,536) (543,432) CASH FLOWS FROM FINANCING ACTIVITIES: Payment of deferred financing costs (223,558) - Proceeds from secured line of credit, net 4,156,238 - Payments on secured line of credit, net - (33,015) Proceeds from notes payable 5,584,048 1,180,000 Payments on notes payable (1,385,535) (819,105) Proceeds from sales of common stock - 359,000 Proceeds from convertible notes payable 3,144,295 50,000 Payments in MG Cleaners acquisition - related party - (21,000) Net cash provided by financing activities from continuing operations 11,275,488 715,880 Net cash provided by financing activities from discontinued operations 484,235 170,130 Net cash provided by financing activities 11,759,723 886,010 NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 949,520 28,275 CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 29,568 1,293 CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period $ 979,088 $ 29,568 Supplemental disclosures: Cash paid for income taxes $ - $ - Cash paid for interest $ 1,979,483 $ 221,140 Noncash investing and financing activities Capitalization of ROU assets and liabilities - finance $ - $ - Capitalization of ROU assets and liabilities - operating $ - $ 352,785 Non-cash consideration paid for business acquisitions $ 4,380,000 $ 1,939,000 Non-cash consideration paid for increase in secured notes payable $ 5,840,622 $ - Non-cash consideration paid for prepaids from debt financing $ 331,065 $ - Non-cash consideration increase in convertible notes payable $ 225,000 $ - Intangible assets acquired from issuance of note payable, related party $ - $ - Debt discount from issuance of common stock warrants $ 59,439 $ 214,090 Preferred stock dividend $ 254,041 $ 30,740 Expenses paid by related party $ 69,516 $ - Settlement of accounts payable and accrued interest with common stock issuance $ 66,000 $ 144,016 Settlement of notes payable with common stock issuance $ - $ - Settlement of accounts payable with note payable $ - $ 123,818 Prepaid expenses financed with note payable $ 100,997 $ 234,914 Equipment received in exchange for settlement of notes receivable $ 223,200 $ - Shares issued for deferred financing costs $ 419,788 $ - Note payable for property and equipment $ 1,353,500 $ - Beneficial conversion feature on convertible notes payable $ 1,057,710 $ - Capitalized accrued interest $ - $ 4,559 The accompanying notes are an integral part of these consolidated financial statements

  • GlobeNewswire

    Hub Group Celebrates 50th Anniversary as Leading Supply Chain Solutions Provider

    OAK BROOK, Ill., April 19, 2021 (GLOBE NEWSWIRE) -- Today, Hub Group (Nasdaq: HUBG) celebrates its 50th anniversary by ringing the Nasdaq Stock Exchange opening bell. The company was founded in 1971 by Phillip and Joyce Yeager with a vision for providing unparalleled customer service and acting with the highest level of integrity. While much has changed, Hub Group’s core values of service, integrity and innovation remain the same and have propelled the company into one of the country’s leading supply chain solutions providers. Driven by a focus on serving customers’ needs across the supply chain, Hub Group has expanded its capabilities across transportation and logistics management, providing end-to-end solutions. The company’s nearly 6,000 employees and drivers across North America serve some of the world’s largest brands across a variety of industries including retail, CPG, durable goods, automotive, healthcare, and more. “Staying true to our core values of service, integrity and innovation over the last 50 years have enabled us to provide dependable and industry-leading supply chain solutions,” said Hub Group Chairman and CEO David Yeager. “Our ongoing commitment to our core values, paired with a strong management team that includes the third generation of the Yeager family, will lead us through the next 50 years.” With a focus on innovation, Hub Group invests in technology that has a meaningful impact on its customers’ businesses. The company was the first transportation provider to fully equip its fleet of 42,000 intermodal containers with GPS tracking and telematics devices, providing advanced visibility and security in the supply chain. The data from these devices is processed with predictive analytics and artificial intelligence to provide customers with end-to-end visibility of their shipments, delivering a high level of reliability to enhance decision-making. Hub Group’s commitment to sustainability and corporate social responsibility help build positive growth in the communities it serves. Striving to reduce its impact on the environment, Hub Group transports its customers’ goods in the most efficient way possible. In 2020, it saved an estimated 3.2 billion pounds of carbon dioxide emissions. As a corporate citizen, in addition to its long-running #CauseContainer program, the company has donated nearly $6 million to communities, including equipment to support COVID-19 relief efforts. “Thank you to all who have been part of this outstanding accomplishment, including our customers, employees, drivers, vendors, and carriers,” said President and Chief Operating Officer Phil Yeager. “We are excited about the future and look forward to the next 50 years.” To celebrate Hub Group’s 50th anniversary, the company launched a website hubgroup.com/50years to honor its history and what’s to come. ABOUT HUB GROUP: Hub Group offers comprehensive transportation and logistics management solutions. Keeping our customers’ needs in focus, Hub Group designs, continually optimizes, and applies industry-leading technology to our customers’ supply chains for better service, greater efficiency, and total visibility. As an award-winning, publicly traded company (Nasdaq: HUBG) with $3.7 billion in revenue, our 5,000 employees across the globe are always in pursuit of “The Way Ahead” – a commitment to service, integrity and innovation. For more information, visit hubgroup.com. Source Hub Group Inc. Contact: Jennifer Telek 630-217-4772