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Sono-Tek Reports First Quarter FY 2026 Financial Results
Prism Media Wire· 2025-07-10 11:01
Core Insights - Sono-Tek Corporation reported its fifth consecutive quarter of revenue exceeding $5 million, driven by a significant order completion in the advanced solar market valued at $2.95 million [1][2][3] - The company achieved a gross margin of 52%, an increase from 49% in the previous year, and operating income rose by 103% year-over-year [1][7] - Despite strong performance in the first half of FY 2026, the company maintains a cautious full-year revenue outlook due to uncertainties surrounding governmental clean energy incentives and tariff policies [2][5] Financial Performance - Net sales for the first quarter of FY 2026 reached $5.13 million, a 2% increase from $5.03 million in the same quarter of FY 2025 [7] - Gross profit increased to $2.7 million, up 9% from $2.5 million year-over-year, contributing to a gross margin expansion [7] - Operating income rose to $483 thousand, a 103% increase compared to $238 thousand in the first quarter of FY 2025 [7] - Net income for the quarter was $485 thousand, reflecting a 47% increase from $331 thousand in the prior year [7] Market and Product Insights - Sales in the Alternative/Clean Energy market increased by 42% year-over-year, driven by production-scale system shipments, including a high ASP order of $2.95 million [9] - Integrated Coating Systems sales surged by 309% to $3.05 million, primarily due to a repeat order for high ASP systems [8] - Multi-Axis Coating Systems sales declined by 75% to $677,000, attributed to reduced R&D funding in the clean energy sector following government policy shifts [8] Guidance and Outlook - The company expects continued revenue growth and strong profitability in the first half of FY 2026, supported by a backlog of $7.5 million [5][6] - Full-year revenue growth is anticipated to be relatively flat due to market adjustments in response to recent governmental policy changes [5][6] - The company remains focused on high ASP orders and is well-positioned to navigate potential short-term demand shifts [3][5] Balance Sheet Overview - As of May 31, 2025, Sono-Tek reported cash, cash equivalents, and marketable securities totaling $10.9 million, with no debt on its balance sheet [16] - Stockholders' equity stood at $18.3 million, reflecting a healthy financial position [16]
AmpliTech Group's 5G Division Receives $2.9 Million Follow-On Orders As Part Of $40M LOI For 5G ORAN Radio Products From Tier 1 MNO
Prism Media Wire· 2025-07-08 12:30
Core Insights - AmpliTech Group's 5G division has received follow-on orders totaling $2.9 million as part of a $40 million Letter of Intent (LOI) from a Tier 1 Mobile Network Operator (MNO) [3][4] - The additional orders are expected to be delivered within the company's Fiscal Year 2025, indicating strong demand and confidence from the customer [4] - The company has reported follow-on orders exceeding $5 million from its major LOIs, showcasing its ability to meet critical delivery requirements for 5G ORAN customers [4] Company Overview - AmpliTech Group, Inc. specializes in designing, developing, and manufacturing advanced signal processing components for various communication networks, including 5G and 6G systems [3][5] - The company operates five divisions and serves global markets such as satellite communications, telecommunications, space exploration, defense, and quantum computing [5]
BranchOut Food's Brussels Sprout Crisps Expand Nationally in the Nation's Largest Retailer and Launches New Sweet Potato Snack
Prism Media Wire· 2025-07-08 10:30
Core Insights - BranchOut Food Inc. is expanding its innovative Brussels Sprout Crisps to 3,945 stores, nearly doubling its previous distribution, following strong sales performance [2][3] - The company is also launching a new product, Cinnamon Sweet Potato Sticks, in 1,952 locations, which represents about 50% of the retailer's footprint [4] - The expansion highlights the effectiveness of BranchOut's proprietary GentleDry™ technology, which preserves the nutritional quality of the snacks [5][6] Financial Performance - For the three months ended May 31, 2024, BranchOut reported net sales of $6.5 million, a significant increase from $3.6 million in the same period of 2023 [1] - Gross profit for the same period was $2.45 million, compared to $1.78 million in 2023, indicating improved profitability [1] - The company achieved a net income of $330,837, a substantial increase from $53,406 in the previous year [1] Product Innovation - The Brussels Sprout Crisps are noted for their unique market position as the first of their kind, receiving an overwhelming consumer response since their launch [3] - The new Cinnamon Sweet Potato Sticks are designed to offer a crunchy, lightly sweet experience, utilizing the GentleDry™ technology to maintain the produce's quality [4] - BranchOut's focus on innovation is further validated by its growing partnership with the nation's largest retailer, enhancing its market presence [5] Market Position - BranchOut Food is recognized as a leader in food technology, specializing in high-quality dehydrated snacks [6] - The company holds over 17 patents for its GentleDry™ technology, which preserves up to 95% of the original nutrition of fresh produce, setting it apart in the industry [6] - The expansion of its product line and distribution channels positions BranchOut as a preferred supplier for innovative dried fruit and vegetable snacks [5]
SKYX Provides Corporate Update, Including its Official Addition to the Russell 2000 on June 27, 2025, and its Expected Deployment of 500,000 Units of its Advanced Smart Home Plug & Play Technologies to Miami's New $3 Billion Urban Smart City
Prism Media Wire· 2025-06-25 16:34
Core Insights - SKYX Platforms Corp. will be officially added to the Russell 2000 index on June 27, 2025, marking a significant milestone for the company [2] - The company plans to deploy over 500,000 units of its advanced Plug & Play smart home technologies in Miami's $3 billion Urban Smart Home City project [2] - SKYX has received substantial financial backing from U.S. and global manufacturers to support its product deployment [2] Market Acceptance, Progress and Recent Events - The Urban Smart Home City project will feature over 5,700 condos and apartments, retail space, parks, and a new Tri-Rail Station [2] - The project is led by SG Holdings, a joint venture known for transformative urban developments [2] - SKYX's Safety Code Standardization Team is gaining support from a key government safety organization to establish mandatory safety standards for its technologies [2][14] Product Launch and Financial Performance - The company anticipates a surge in demand for its All-In-One Smart Turbo Heater & Ceiling Fan, with a Q3 Winter launch expected to drive cash-flow positivity in 2025 [2] - SKYX generated record revenues of $20.1 million in Q1 2025, up from $18.9 million in Q1 2024 [2] - The company reported a reduction in General and Administrative expenses by 17% to $6.6 million in Q1 2025 [6] Strategic Partnerships and Market Expansion - SKYX has formed a strategic manufacturing partnership with Profab Electronics to enhance its supply chain [5] - The company collaborates with major retailers like Home Depot and Wayfair to expand its market presence [7] - A partnership with JIT Electrical Supply will further extend SKYX's reach in the electrical and lighting markets [7] Safety and Insurance Implications - SKYX believes its products can save insurance companies billions by reducing risks associated with fires and electrocutions [7][14] - The company is focused on a "Razor & Blades" business model, offering a range of smart home products that promote recurring revenue [7] Total Addressable Market - The total addressable market for SKYX's products in the U.S. is estimated at $500 billion, with significant opportunities in both retail and professional segments [7]
AmpliTech Group's 5G Division Receives Follow On Order As Part Of $78M LOI For 5G ORAN Radios From Strategic Open RAN Systems Integrator And Global Deployment Partner
Prism Media Wire· 2025-06-24 12:31
Core Insights - AmpliTech Group has received a follow-on purchase order exceeding US$1 million as part of a significant $78 million Letter of Intent (LOI) from a Strategic Open RAN Systems Integrator, reinforcing its position in the ORAN 5G radio solutions market [1][3] - The company is also fulfilling over $10 million in orders from another major 5G player, with shipments having commenced in April and production ramping up in May and June [2] - AmpliTech's strategy focuses on capitalizing on growth opportunities in the expanding ORAN 5G market, supported by partnerships with two major industry players and certifications for global deployment [3] Company Overview - AmpliTech Group, Inc. is a leading designer, developer, manufacturer, and distributor of advanced radio frequency (RF) microwave components and 5G network solutions, serving various global markets including telecommunications, satellite communications, and defense [4]
Aemetis CEO Meets with White House, Congress and Agencies Regarding Support for Domestic Energy and Rural Communities in Budget Bill
Prism Media Wire· 2025-06-12 11:59
Core Points - Aemetis, Inc. is actively engaging with U.S. government officials to advocate for support of domestic energy and rural communities through the federal tax bill, specifically focusing on Section 45Z production tax credits for biofuels and biogas [3][4] - The Section 45Z production tax credit, established in 2022 and effective from January 2025, aims to extend credit availability from 2027 to 2031, mandate the use of domestic feedstocks, and remove the indirect land use penalty for biofuels [5][6] - Aemetis is expanding its biogas production capabilities, with plans to increase renewable natural gas output to over 1 million MMBtu per year and enhance cash flow through various projects, including a mechanical vapor recompression system at its Keyes ethanol plant [7][8] Company Overview - Aemetis is headquartered in Cupertino, California, and focuses on renewable natural gas and renewable fuels, operating a biogas digester network and ethanol production facility [9] - The company operates a 65 million gallon per year ethanol production facility in California and an 80 million gallon per year biodiesel production facility in India, while also developing a sustainable aviation fuel and renewable diesel biorefinery [9]
AmpliTech Group To Participate In The “2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow” Virtual Conference Presented By Maxim Group LLC
Prism Media Wire· 2025-06-02 13:00
Company Overview - AmpliTech Group, Inc. is a leading designer, developer, and manufacturer of advanced signal processing components for satellite, public and private 5G, and other communications networks [1] - The company operates through five divisions: AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services [3] - AmpliTech Group serves global markets including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing [3] Conference Participation - AmpliTech's CEO/CTO Fawad Maqbool has been invited to present at the "2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow" hosted by Maxim Group LLC [1] - The conference will take place from June 3rd to June 5th, 2025, with AmpliTech's presentation scheduled for June 4th, 2025, from 12:30 PM to 1:00 PM EDT [1] - The conference will focus on how emerging growth companies are utilizing Quantum Computing and Artificial Intelligence (AI) to enhance their business strategies [1] Industry Context - The rapid evolution of technology is leading to disruptions across various industries, including healthcare, drones, consumer IoT, business solutions, and gaming & entertainment [1] - The conference aims to facilitate discussions on the impact of technology on business growth and innovation [1]
Creatd, Inc. Publishes Q1 2025 Financial Report Highlighting a $7.9M Improvement in Net Equity
Prism Media Wire· 2025-05-21 13:33
Core Insights - Creatd, Inc. reported a significant improvement in net equity, increasing by $7.9 million in Q1 2025, marking an 80% quarter-over-quarter increase from Q4 2024 [8] - The company achieved revenues of $721,815 in Q1 2025, which is a 70% year-over-year growth from $428,000 in Q1 2024 [8] - The acquisition of Flyte, a platform in the private aviation and travel technology sector, is a key contributor to the company's performance and aligns with its long-term strategic goals [4][5] Financial Performance - Net equity improved by $7.9 million in Q1 2025, reflecting a strong financial turnaround for the company [8] - Revenues reached $721,815, indicating robust growth compared to the previous year [8] Strategic Acquisitions - The acquisition of Flyte supports Creatd's strategy of acquiring established businesses that deliver immediate financial results [4] - The company announced its intent to acquire a stake in PCG Advisory and its affiliated companies for $2.3 million, further enhancing its net equity [5][6] - The PCG transaction is part of a broader strategy to reduce liabilities and pursue additional strategic transactions [6] Future Outlook - Creatd is focused on applying for an uplisting to a national exchange in Q3 2025, leveraging its improved financials and strategic acquisitions [5][6] - The company emphasizes a commitment to growing revenue and maintaining a strong balance sheet as it prepares for future growth [6]
Creatd, Inc. to Acquire Strategic Stakes in PCG Advisory Inc., and Related Affiliates in $2.3 Million All-Stock Transaction
Prism Media Wire· 2025-05-20 12:30
Core Viewpoint - Creatd, Inc. is set to acquire a 25% stake in PCG Advisory, Inc. and its two related companies, along with a 20% stake in the technology start-up AIRHub, in a $2.3 million all-stock transaction, enhancing its investor relations and strategic communications capabilities [3][11]. Group 1: Acquisition Details - The acquisition involves a total investment of $2.3 million in an all-stock deal, which includes 25% of PCG Advisory and its related companies, as well as 20% of AIRHub [3][11]. - PCG Companies is recognized for its expertise in investor relations and strategic communications, particularly for microcap and small-cap companies [4][10]. Group 2: Strategic Rationale - This acquisition aligns with Creatd's strategy to leverage technology for unifying data, governance, and investor engagement into a single platform for public companies [5][11]. - The integration of PCG's services with Creatd's existing platform, CEOBLOC, aims to enhance investor engagement tools and services for small-cap companies [6][11]. Group 3: Leadership Insights - Jeremy Frommer, Chairman & CEO of Creatd, emphasizes the importance of this partnership in providing advanced investor engagement tools that connect microcap companies with retail investors [6][7]. - Jeff Ramson, Founder and CEO of PCG Advisory, highlights the opportunity to enhance client value through this collaboration, leveraging Creatd's AI-driven approach [7][8]. Group 4: Company Backgrounds - Creatd, Inc. is a publicly traded holding company focused on investments across technology, media, advertising, and consumer sectors, aiming to drive growth in small-cap companies [9]. - PCG Advisory specializes in high-impact investor relations and strategic communications, with a strong focus on emerging growth sectors such as life sciences and technology [10].
Lipella Pharmaceuticals to Present Phase 2a Data for LP-310 in Oral Lichen Planus at 2025 AAOM/EAOM International Meeting
Prism Media Wire· 2025-05-15 13:00
Core Viewpoint - Lipella Pharmaceuticals is set to present statistically significant safety and efficacy data from its Phase 2a trial of LP-310 for Oral Lichen Planus at the 2025 AAOM/EAOM International Meeting, highlighting the potential of LP-310 as a localized, non-steroidal treatment option [3][6]. Presentation Details - The presentation will take place on May 15, 2025, at 11:36 a.m. PT, in Las Vegas, NV [3][7]. - The data includes findings from the 0.25 mg and 0.50 mg dose cohorts, administered once daily over four weeks to adults with symptomatic Oral Lichen Planus [4][8]. Efficacy and Safety Findings - The 0.50 mg dose cohort showed statistically significant improvements in multiple endpoints, including: - Investigator Global Assessment (IGA) improved from 3.42 at baseline to 1.71 at Week 4 (p=0.007) [7]. - Reticulation, Erythema, Ulceration (REU) Score reduced from 26.91 to 11.88 at Week 4 (p=0.003) [7]. - Oral Lichen Planus Symptom Severity Measure (OLPSSM) dropped from 14.92 to 4.88 at Week 4 (p=0.003) [7]. - Pain Numerical Rating Scale (NRS) improved from 6.42 to 2.25 at Week 4 (p=0.003) [7]. - LP-310 was well tolerated, with no treatment-related serious adverse events, no patient discontinuations, and no detectable systemic tacrolimus levels [5][6]. Company Overview - Lipella Pharmaceuticals is a clinical-stage biotechnology company focused on developing therapies for diseases with significant unmet needs, reformulating existing generic drugs for new applications [9].