news

Nathan’s stumbles, Orbit soars in quarterly reports

  NATHAN’S FAMOUS INC. Headquarters: Westbury Industry: Consumer services Nasdaq: NATH Reporting Date: June 8, 2018 Reporting Quarter: 4Q FY2018 Quarter Ended: March 25, 2018 Numbers: Reported fourth-quarter revenues were $19.90 million, up 3.4 percent from the $19.23 million reported for the same quarter last fiscal year. But quarterly net income fell sharply – to $367,000, down 49.6 percent from the $729,000 reported for 4Q FY2017 – and fourth-quarter earnings per diluted share followed, dropping…


At FSC, skin-deep startup joins Start-Up NY’s ranks

By GREGORY ZELLER // The Empire State Development Corp. has opened its books and welcomed another Long Island company into the Start-Up NY family. Farmingdale State College announced this week that startup biotech BF Innovation, which moved into FSC’s Broad Hollow Bioscience Park earlier this year, has been accepted into the Start-Up NY program, which boosts new and expanding businesses with tax breaks and innovative academic partnerships. BF Innovation plans to invest $1 million and…


Beer here: As craft beverages multiply, Island innovates

By GREGORY ZELLER // Drink up, Long Island – it’s beer season. The craft-brewing subculture will be the first to note that every season is beer season, and an autumn-tinged pumpkin ale or a winter stout satisfies just as well as an icy cold IPA at the beach. But with warm weather, barbecues and other summer trappings comes a particular high point in the annual cycle of suds – and on Long Island and elsewhere,…


Stuff we’re thinking about going to

  June 20 LIASB: The Golden Rules 7:30-10 a.m., Adelphi University Conference Center, Hauppauge The small business-networking group Long Island Advancement of Small Business presents a panel discussion offering a broad overview of critical concepts of key employment issues. For more information, call (516) 473-7202. Registration here. June 20 Cocktails & Chromosomes: Mars and Venus? Not Quite… 7-8 p.m., Six Harbors Brewing Co., Huntington Cold Spring Harbor Laboratory presents the next installment of its Cocktails…


Debrief: He’s Keith Hernandez

Though a particular fandom knows him best for a brief but bright cameo on the classic sitcom “Seinfeld” (26 years ago!), millions still revere Keith Hernandez as a field general and the steadiest bat of the world champion 1986 New York Mets. Millions more know him now as part of the Metropolitans’ highly regarded broadcasting team, and Hernandez – who collected 11 Gold Glove Awards, five All-Star Selections, two World Series titles and a National…


SBU’s artificial intelligence director is the real deal

By GREGORY ZELLER // A Fulbright Scholar and distinguished professor in the Department of Computer Science will head up Stony Brook University’s new Institute for AI-Driven Discovery and Innovation. Steven Skiena, a computational biologist (among other talents) in his 30th year as a member of the SBU faculty, will direct the artificial intelligence-focused program, part of the university’s College of Engineering and Applied Science. The institute will be the center point for myriad Stony Brook-based…


Panel walks the fine line of sports-tech innovation

By GREGORY ZELLER // Properly handled, technological innovation makes for good sports – and properly presented, good sports innovators make for an engaging panel discussion. So an audience of 30-plus members and guests were both educated and entertained Wednesday evening, when The Spur @ The Station – temporary summer home of The Spur, a private “co-working and entrepreneur’s club” – hosted an interactive conversation featuring four experts of tech innovation, as related to the wide…


Pinning down patient comfort with Gamma Knife Icon

By GREGORY ZELLER // The latest precision instrument for targeting brain tumors – and only brain tumors – has come to Long Island. But the precision delivery of radiological treatments directly to malignant tissue is not the big breakthrough here – or perhaps even the most appealing upgrade for patients. Northwell Health’s Department of Neurosurgery and Department of Radiation Medicine have both installed cutting-edge stereotactic radiosurgery systems known as Gamma Knife Icon – another cutting-edge…


Extra, extra: The Delphian is LI’s best collegiate read

By GREGORY ZELLER // Add some Adelphi University gold to the old gag about “black and white and read all over.” The Delphian, official student newspaper of the Garden City-based university, has been named Long Island’s best college newspaper of 2018 by the Press Club of Long Island, out-paging a host of periodicals published by larger Island schools. The PCLI dished out more than 200 first-, second- and third-place awards to professional and student journalists,…


They, robot: A summer of STEM at hi-tech camp

By GREGORY ZELLER // A regional robotics effort will maintain momentum this summer for Long Island STEM students, with deep experiential learning opportunities in physical design, practical electronics and more. Coming this July to the Composite Prototyping Center in Plainview is the SnappyXO Design Innovation and Robotics Camp, a joint effort of the CPC, Dix Hills-based Mechanismic Inc. and the Stony Brook University-based Manufacturing & Technology Resource Consortium, one of 10 statewide Empire State Development…


With the Long Island Gems, networking lightens up

By GREGORY ZELLER // From the Long and Winding Road File come the Long Island Gems, a story of power women, cardiopulmonary resuscitation, a born-again marketing veteran and a Long Island networking group like no other. It’s been a rough stretch for Valentina Janek, following a decade-plus of steady professional and extracurricular progress. Janek logged 13 successful years at Manhasset-based CMP Media (now CMP Technology, a piece of London-based UBM Ltd.), where she focused on…


Clean-gen investment firm shines in megawatt deal

By GREGORY ZELLER // Alternative-generation startup CleanCapital has announced its second major solar acquisition in one month – another impressive forward step for the innovative New York City-based online marketplace for clean-energy investing. CleanCapital’s second solar acquisition of the season comes from G&S Solar, a New York-based developer that builds, develops and operates solar systems in numerous Northeast states. The additional portfolio of 10.2 megawatts comes less than a month after CleanCapital announced the acquisition…


Composite Prototyping Center lands a big one

By GREGORY ZELLER // Plainview’s Composite Prototyping Center is welcoming “the world leader in advanced composite training” into the fold. The CPC announced this week that Nevada-based Abaris Training Resources, a 35-year veteran provider of training programs focused on composites-based engineering, manufacturing and repair, will close its only East Coast training site, located in Georgia, and transfer operations to CPC’s 25,000-square-foot facility. The CPC – where manufacturing-focused workforce development, prototyping and hands-on technical training in…


Taking a hands-on approach to new hands-off laws

BY KEN CERINI, CPA // In light of the high-profile cases in recent news, Gov. Andrew Cuomo has signed new legislation targeting sexual harassment in the workplace. The new law went into effect April 12 and requires New York State employers to adopt sexual harassment-prevention policies and to conduct annual training on them. It also requires employers to eliminate the use of nondisclosure provisions, unless preferred by the complainant. The new law also prohibits arbitration…


Albany backs NYIT’s next-gen bioengineering lab

By GREGORY ZELLER // A new bioengineering laboratory is coming to the New York Institute of Technology’s Old Westbury campus, thanks to a hefty state award. The Empire State Development Corp. on Wednesday announced a $150,000 grant that will help NYIT establish the Bio-Nanotechnology and Biomaterials Laboratory, a research- and innovation-focused bioengineering lab packed with next-level tech facilitating specialized research into complex bioengineering, artificial-intelligence and life-sciences issues. The grant was awarded through Round 7 of…