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BioStem Technologies Reports Third Quarter 2025 Financial Results
Prism Media Wire· 2025-11-13 21:02
Core Insights - BioStem Technologies reported a significant decrease in net revenue for Q3 2025, totaling $10.5 million, which is a 43% decline compared to Q3 2024, primarily due to lower volume in the wound care portfolio amid reimbursement uncertainties and increased competition [7][9] - The company remains focused on strategic initiatives, including advancing clinical programs, expanding payer access, and evaluating potential acquisitions to diversify its product offerings [5][9] Financial Highlights - Net revenue for Q3 2025 was $10.5 million, down from $18.4 million in Q3 2024, reflecting a 43% decrease [7] - Gross profit was $9.3 million, representing 88.5% of net revenue, compared to $14.2 million or 77.0% of net revenue in Q3 2024, indicating a shift towards products without licensing fees [7] - Operating expenses increased to $7.8 million from $4.9 million in Q3 2024, driven by higher clinical trial activities and infrastructure investments [8] - GAAP net income was $0.8 million or $0.05 per share, down from $6.8 million or $0.42 per share in Q3 2024 [8] - Adjusted EBITDA for the quarter was $2.7 million, a decline from $10.4 million in Q3 2024, reflecting lower revenue and higher operating expenses [8] Business Developments - BioStem achieved a 40% growth in product volume quarter-over-quarter [9] - The company published positive results from the BioREtain® trial in the International Journal of Tissue Repair and completed FDA reinspection with no observations [9] - BioStem secured land for a new headquarters in Boca Raton and established a partnership with a Service-Disabled Veteran-Owned Small Business to enter the VA market [9] - The company reported restated financials in accordance with US GAAP, reflecting adjustments to the accounting treatment for bona fide services fees paid to its commercial partner [9][10] Cash Position - As of September 30, 2025, cash and cash equivalents totaled $27.2 million, providing a solid financial foundation for future operations [10]
BioStem Technologies Announces Filing of Restated Financial Statements
Prism Media Wire· 2025-11-13 21:01
Core Insights - BioStem Technologies, Inc. has filed restated interim financial statements for Q1 2024 through Q2 2025 and annual financial statements for 2023 and 2024, aligning with US GAAP revenue recognition standards [3][12]. Financial Restatement - The restatement is a significant milestone for the company, resulting from a comprehensive review of US GAAP revenue recognition guidance, particularly regarding the distribution agreement with Venture Medical [4][12]. - Bona fide services fees previously recorded as Sales and Marketing expenses will now be classified as contra revenue, reducing gross revenue but not impacting EBITDA, net income, or cash flow [5][12]. - The restated financials will affect percentage-based metrics such as gross margin and EBITDA margin due to the change in revenue reporting [5]. Balance Sheet Adjustments - Amounts owed to Venture Medical related to bona fide services fees will now be netted against Accounts Receivable, effectively offsetting the liabilities between the two companies [6]. Business Outlook - The company maintains that the underlying strength of its business remains unchanged, continuing to deliver clinically validated wound care products [7]. - The independent audit led by KPMG is expected to be completed by the end of Q1 2026, which will support the company's plans to uplist and enhance investor transparency [8][12].
Creatd, Inc. Engages Dawson James Securities, Inc. and Lucosky Brookman, LLP to Execute Uplisting Strategy
Prism Media Wire· 2025-11-13 14:32
Core Insights - Creatd, Inc. has engaged Dawson James Securities, Inc. as its financial advisor and Lucosky Brookman LLP as legal counsel to facilitate its uplisting strategy to a national securities exchange [4][5] - The company aims to enhance its capital markets strategy, increase institutional visibility, and improve shareholder value in line with national exchange listing standards [5][7] - CEO Jeremy Frommer will provide updates on the uplisting process during the upcoming Investor Conference on November 17, 2025 [5][7] Engagement of Advisors - Creatd has retained Dawson James Securities as financial advisor and Lucosky Brookman LLP as legal counsel to execute its uplisting plan [7] - This engagement is seen as a significant step in the company's efforts to prepare for a national exchange listing [5][7] Commitment to Growth - The company's actions are focused on strengthening its readiness for national exchange listing, which is expected to boost institutional visibility and shareholder value [5][7] - The strategic initiative reflects Creatd's commitment to long-term growth and capital market engagement [5][6] Upcoming Events - An Investor Conference is scheduled for November 17, 2025, where updates regarding the uplisting process will be shared by the CEO [5][7]
American Shared Hospital Services Reports Third Quarter 2025 Financial Results
Prism Media Wire· 2025-11-13 12:01
Core Insights - American Shared Hospital Services reported a 2.5% increase in revenue for Q3 2025, with a significant 42.3% growth in EBITDA, indicating strong operational performance and efficiency improvements [2][5][10] - The company signed a 10-year extension with an existing health system for the latest model Gamma Knife System, which is expected to drive future revenue growth [3][4] Financial Performance - Q3 2025 revenue reached $7.2 million, up from $7.0 million in Q3 2024, primarily driven by the direct patient care services segment [7][8] - Direct patient care services revenue increased by 9.4% to $4.0 million, representing 56% of total sales, compared to 53% in the prior year [8][9] - Gross margin improved to 22.1%, up 15.8% from the previous year, reflecting higher treatment volumes [9] - Net loss decreased by 91.8% to $17,000 in Q3 2025 from a loss of $207,000 in Q3 2024 [10] Year-to-Date Results - For the first nine months of 2025, revenue increased by 5.6% to $20.4 million compared to $19.3 million in the same period of 2024 [11] - Direct patient care services revenue surged by 36.5% to $10.7 million, driven by new centers in Rhode Island and Puebla, Mexico [12] - Revenue from the equipment leasing segment decreased to $9.7 million, down from $11.5 million, due to lower Gamma Knife volumes [13] Operational Highlights - The company is expanding its footprint in Rhode Island with new radiation therapy centers, which are expected to enhance growth potential [4][6] - Capital expenditures of $7.5 million were made during the nine-month period, contributing to the decrease in cash reserves [17] Balance Sheet Overview - As of September 30, 2025, cash and cash equivalents totaled $5.3 million, down from $11.3 million at the end of 2024 [17] - Shareholders' equity was reported at $24.6 million, or $3.77 per outstanding share, compared to $25.2 million or $3.92 per share at the end of 2024 [17]
Premier Graphene Inc. ($BIEI) Enters Final Stage of Price Setting with Latin American Nation
Prism Media Wire· 2025-11-12 14:00
Core Insights - Premier Graphene Inc. is nearing the final stage of price setting for a military supply contract with a Latin American nation after successful testing of its advanced graphene-based armor gear [4][7][10] Group 1: Contract and Testing - The company expects to finalize a military supply deal following multiple successful ballistic armor tests that met all government specifications [7][8] - An oral agreement has been reached, with a preliminary contract anticipated by the end of the month and a formal contract shortly thereafter [5][10] Group 2: Market Expansion - The successful test results have led to increased interest, prompting a larger order and discussions with one Central American nation and 12 island nations for defense gear supply [7][8] - The company is exploring collaborations with major aerospace and defense organizations, including SpaceX, NASA, and the U.S. Air Force, to enhance graphene innovation in defense and aerospace [12][13] Group 3: Product Development - Premier Graphene is developing state-of-the-art graphene-enhanced protective vests and ballistic armor designed for military and defense vehicles, while ensuring comfort standards are met [10][11] - Future garments are expected to include graphene enhancements that allow for tracking the location of military personnel, enhancing safety and operational capabilities [11] Group 4: Strategic Vision - The company aims to strengthen graphene supply chains and fill the global gap in graphene production as demand rises [14][15] - Premier Graphene is committed to sustainable practices and delivering high-quality products across multiple industries, focusing on innovative solutions that enhance protection and efficiency [15]
Easy Environmental Solutions, Inc. Announces Second EasyFEN Deployment Agreement as Rollout Accelerates Across Africa
Prism Media Wire· 2025-11-12 13:41
Core Insights - Easy Environmental Solutions, Inc. has announced a second deployment agreement for its EasyFEN™ system in West Africa, which is expected to generate significant annual recurring revenue at full production [3][4][7] Group 1: Deployment Agreement - The company has entered into a non-binding Letter of Intent (LOI) with a major agribusiness partner in West Africa for the deployment of the EasyFEN™ Modular Liquid Microbial Fertilizer Production System, with an initial transaction value estimated between $3.25 million and $4.25 million [3][4] - The LOI includes an option for an initial Terreplenish® shipment valued at up to $1 million to support early market development and farmer training [4][7] Group 2: Production Capacity and Environmental Impact - Each EasyFEN facility can process 17,500 tons of organic waste annually, producing up to 2.7 million gallons (10.2 million liters) of Terreplenish® and treating approximately 1.35 million acres (546,000 hectares) of farmland each year [8][9] - The facilities are designed to prevent methane emissions equivalent to removing about 30,000 cars from the road annually by converting waste streams instead of allowing them to decompose [9] Group 3: Strategic Importance - The EasyFEN model is positioned as a key driver for local fertilizer independence and agricultural resilience across Africa, addressing the urgent need for reliable fertilizer inputs to support food security [5][7] - Executives emphasize that the deployment of the EasyFEN system represents a foundational shift towards agricultural independence in the 21st century [5][6]
Peer To Peer Network Installs New AI Product Suite on Company Site for Live Testing
Prism Media Wire· 2025-11-12 13:30
Core Insights - Peer To Peer Network, Inc. has launched its new AI division, Intelligence Labs, which has successfully integrated an AI product suite on its corporate website for live testing [3][10] - The initial phase of the AI integration includes features such as anonymous visitor identification, data segmentation, automated lead sequencing, and personalized outbound messaging [4][12] - Future updates will introduce an AI compliance content guide, an investor chatbot, a CEO avatar, and automated video generation for press releases [5][12] - The leadership emphasizes that the new technology aims to set a new standard for communication between public companies and investors, merging innovation with compliance [6][7][12] - Intelligence Labs was developed in partnership with INS Digital Intelligence, focusing on compliant, data-driven communication tools for capital markets [8][10] Company Overview - Peer To Peer Network is a publicly traded technology company based in Cambridge, MA, known for inventing the digital business card and holding multiple U.S. utility patents [10] - The company aims to enhance digital engagement and compliance through AI-driven communication systems, with its flagship product, MOBICARD™, currently in beta [10]
Blaqclouds, Inc. Announces Completion of Apollo ID Integration and Opens VIP Testing to First 500 Apollo Wallet Users
Prism Media Wire· 2025-11-10 13:00
Core Insights - Blaqclouds, Inc. has successfully completed the integration of Apollo ID, a decentralized identity module, into its Apollo Wallet and associated platforms, enhancing Web3 identity management [3][4][7] - The company is offering VIP access to the first 500 verified Apollo Wallet users for early testing of Apollo ID's features, including on-chain KYC and NFT-based identity tools [4][6][11] - Upcoming updates will introduce biometric login through facial recognition technology, developed in partnership with a leading AI firm [7][8][9] Integration and Features - Apollo ID integration has been finalized with Apollo Wallet, ZEUSx DEX, and ShopWithCrypto.io, marking a significant advancement in decentralized identity verification [4][10] - The Apollo ID initiative includes features such as decentralized KYC, NFT-based digital identity vaults, and multi-chain compatibility across various blockchain networks [10][15] - Each Apollo ID domain serves as a self-sovereign identity token, enabling users to manage their identity credentials securely and independently [12][15] User Engagement and Testing - The company is currently conducting sandbox testing for Apollo ID, with plans for a public release following successful early testing [11] - Interested users can gain early access by emailing the company, with invitations granted on a first-come, first-served basis to the first 500 applicants [6][11] - The initiative aims to empower users with control over their digital identities while ensuring enterprise-grade security [9][16] Future Developments - Blaqclouds is committed to continuous innovation, with plans to integrate facial recognition technology to enhance user authentication and security [7][8] - The Apollo ID platform aims to bridge Web2 and Web3, providing a seamless experience for users managing their digital identities [14][16] - The overarching goal is to promote secure, user-owned identity solutions within the mainstream adoption of Web3 technologies [16]
Peer To Peer Network (OTC: PTOP) Announces Vote to Reduce Authorized Passed
Prism Media Wire· 2025-11-06 14:01
Core Insights - Peer To Peer Network, Inc. (OTC: PTOP) announced that all proposed actions at the 2025 Annual Shareholders Meeting were overwhelmingly approved, marking a significant governance milestone for the company [3][4]. Governance and Leadership - All proposals were passed during the meeting held on October 28, 2025, including the re-election of Joshua Sodaitis as Chairman and Director, which reinforces confidence in his leadership [4][7]. - The company has strengthened its governance by amending bylaws to allow the Chairman to cast a tie-breaking vote, enhancing decision-making efficiency at the board level [7]. Shareholder Value and Anti-Dilution Measures - Management has been authorized to reduce the number of authorized shares in the treasury, a move aimed at protecting shareholder value and signaling a commitment to transparency and sustainable growth [8]. - This reduction will not affect shares already issued and is intended as an anti-dilution measure, with specific details to be released in the coming weeks [8][10]. Future Developments - The company is focused on evolving its patented digital business card platform, MobiCard®, and is also developing a new AI solutions division, PTOP Intelligence Labs [6]. - Further updates regarding the exact number of authorized shares reduction, progress on MobiCard® 2.0, and potential new strategic partnerships are expected in the near future [10]. Market Position - PTOP aims to capture significant market share in the multibillion-dollar market for digital business solutions, positioning itself as a leader in the industry with its patented technology [9][11].
SS Innovations Announces Successful Completion of First Telesurgery Performed with the Company's SSi Mantra Tele Surgeon Console
Prism Media Wire· 2025-11-06 13:32
Core Insights - SS Innovations has successfully completed the first telesurgery using its SSi Mantra Tele Surgeon Console (TSC), marking a historic milestone in robotic telesurgery [1][4][5] Group 1: Product Overview - The SSi Mantra Tele Surgeon Console is a compact, self-contained, chair-based system designed for telesurgery, allowing operations from various locations, including physician offices [2][4] - The TSC features 3D visualization, magnetic sensor controls, and a smaller footprint compared to traditional operating room setups, enhancing flexibility for surgical experts [7][9] Group 2: Surgical Achievement - Dr. Sudhir Srivastava performed a robotic-assisted coronary artery bypass surgery remotely from New Delhi on a patient located 185 miles away in Jaipur, demonstrating the TSC's capability to extend surgical expertise globally [3][5] Group 3: Company Vision and Future Plans - SS Innovations aims to make robotic surgery affordable and accessible to a broader global population, with plans to expand its presence and technological offerings [8] - The company has refined the TSC since its initial showcase at the Society of Robotic Surgery Meeting in June 2024, indicating ongoing innovation and development [5]