Revenue Performance - For the three months ended September 30, 2024, digital advertising revenue decreased by approximately 19% compared to the same period in fiscal 2023[150] - For the nine months ended September 30, 2024, digital advertising revenue decreased by approximately 6% compared to the same period in 2023[150] - Total revenue for the three months ended September 30, 2024, decreased by $3,441, or 9.3%, to $33,555 compared to $36,996 for the same period in 2023[177] - For the nine months ended September 30, 2024, total revenue decreased by $9,807, or 9.9%, to $89,679 compared to $99,486 for the same period in 2023[188] - Digital revenue for the nine months ended September 30, 2024 was $88,129, down 3.9% from $91,711 in the same period of 2023, with significant declines in digital subscriptions and advertising revenue[190] Profitability Metrics - Gross profit for the three months ended September 30, 2024, increased by $3,043, or 21.8%, to $16,993, with a gross profit margin of 50.6% compared to 37.7% in the prior year[174] - Gross profit for the nine months ended September 30, 2024 was $36,644, a decrease of $851 from $37,495 in the prior year, with a gross profit percentage of 40.9% compared to 37.7%[188] - Net income from continuing operations improved to $4,778 for the three months ended September 30, 2024, compared to a net loss of $8,772 in the same period of 2023, marking a turnaround of $13,550[173] - The net loss from continuing operations improved to $14,880 for the nine months ended September 30, 2024, compared to a loss of $34,823 in the prior year, primarily due to a decrease in operating expenses[187] - The company recorded a net loss of $107,589 for the nine months ended September 30, 2024, an increase of 115.1% from a loss of $50,027 in the same period of 2023[187] Operating Expenses - Operating expenses for the three months ended September 30, 2024, decreased by $9,478, or 51.5%, to $8,939, primarily due to reductions in selling and marketing expenses[172] - General and administrative expenses for the three months ended September 30, 2024 were $6,023, down 44.9% from $10,940 in the same period of 2023, primarily due to decreases in stock-based compensation and payroll expenses[182] - Selling and marketing expenses for the nine months ended September 30, 2024, were $10,326, a decrease of 46.1% from $19,173 in the same period of 2023[194] - General and administrative expenses for the nine months ended September 30, 2024, totaled $24,790, down 30.2% from $35,516 in the prior year[195] - Total selling and marketing costs decreased primarily due to a reduction in payroll and employee benefits costs of $4,380 due to restructuring activities[194] Cash Flow and Working Capital - As of September 30, 2024, the working capital deficit was $209,596, compared to $145,622 as of December 31, 2023[166] - For the nine months ended September 30, 2024, net cash used in operating activities was $7,507, a significant decrease from $22,265 in the same period of 2023, reflecting improved cash flow management[168] - Cash, cash equivalents, and restricted cash at the end of the period were $5,773, down from $7,290 at the end of September 30, 2023[168] - Net cash provided by financing activities for the nine months ended September 30, 2024, was $6,815, a decrease from $18,649 in the same period of 2023[170] Other Financial Metrics - RPM for the three months ended September 30, 2024, was $24.69, reflecting a 5% increase from $23.41 in the same period of 2023[155] - RPM for the nine months ended September 30, 2024, was $22.27, reflecting a 14% increase from $19.60 in the same period of 2023[155] - Monthly average pageviews for the three months ended September 30, 2024, were 301,721,996, a 22% decrease from 388,410,170 in the same period of 2023[156] - Monthly average pageviews for the nine months ended September 30, 2024, were 332,312,606, a 13% decrease from 380,578,813 in the same period of 2023[156] - Other digital revenue increased by $5,232, or 480.9%, to $6,320 for the three months ended September 30, 2024, driven by the expansion in e-commerce revenue[177] - Other digital revenue increased by $6,469 to $9,327 for the nine months ended September 30, 2024, driven by the expansion in e-commerce revenue[191] Debt and Interest - Interest expense decreased by $883, from $4,042 in the three months ended September 30, 2023 to $3,159 in the same period of 2024, reflecting a reduction in debt[185] - Interest expense for the nine months ended September 30, 2024, was $11,747, a decrease of 11.2% from $13,225 in the same period of 2023[196] Discontinued Operations - The company recorded a loss from discontinued operations of $92,709 for the nine months ended September 30, 2024[165] - The net loss from discontinued operations for the nine months ended September 30, 2024, was $92,709, compared to $15,204 in the same period of 2023[202] Accounting and Regulatory - Recent accounting pronouncements have been adopted as of the date of the report[205] - The company is classified as a "smaller reporting company" under SEC Regulation S-K, thus certain market risk disclosures are not applicable[206]

Core Insights - Verizon Business has expanded its partnership with Monumental Sports & Entertainment (MSE) to enhance cyber resiliency and security optimization across MSE's sports and entertainment properties [1][4] - The partnership includes services such as Rapid Response Retainer (RRR), Managed Security Information and Event Management (MSIEM), and Cyber Security Incident Response Team services [1][3] Group 1: Partnership Details - The collaboration aims to maintain MSE's leadership in cyber security and includes properties like the NHL's Washington Capitals and the NBA's Washington Wizards [1][2] - Verizon's Cyber Security Solutions team will provide customized risk assessments and breach simulations to help MSE create a secure IT environment [2][3] Group 2: Industry Context - Sports organizations are increasingly targeted by cyber threats, necessitating proactive measures to address network security gaps [4] - Building a robust defense is essential for safeguarding sensitive fan data and ensuring operational continuity [4] Group 3: Company Overview - Verizon Communications Inc. generated revenues of $134.0 billion in 2023 and serves nearly all Fortune 500 companies [5] - Monumental Sports & Entertainment is recognized as a leading sports and entertainment entity in America, focusing on delivering extraordinary experiences [6]

Core Viewpoint - Arena Investors expresses significant concerns regarding Terra Property Trust's lack of transparency and responsiveness to investor inquiries, particularly in light of the repeated downgrades of its notes due in 2026 [1][2][4]. Group 1: Rating and Performance - The 6.00% notes due 2026 were initially rated BBB- by Egan-Jones Rating Company at the time of Arena's purchase in June 2021, but have since been downgraded to B as of May 31, 2024 [2][3]. - Non-Performing Loans for Terra have increased alarmingly from $89 million in June 2023 to $192 million in June 2024, indicating a significant deterioration in performance [3]. Group 2: Communication and Engagement - Arena has made multiple requests for information over nearly one year, but Terra has not responded to any inquiries or provided necessary updates, undermining investor confidence [4][5]. - Since November 20, 2023, Terra has refused to engage in one-on-one investor calls, citing ongoing evaluations of a direct listing or conversion to a non-traded REIT, yet no progress has been reported [4]. Group 3: Potential Actions - In response to the lack of engagement from Terra, Arena is considering forming an ad hoc group of noteholders to protect their rights and evaluate further necessary actions [2][4].

Corporate Actions - The Company authorized the sale and issuance of 17,797,817 shares of common stock in a private placement [3]. - The purchase price for the shares is set at $15,000,000, which will be paid through a reduction of the outstanding principal balance of a Demand Promissory Note [4]. - The completion of the sale and purchase of the shares (the "Closing") is scheduled to occur as soon as practicable following the satisfaction of specified conditions [4]. - The Shares will be duly authorized and, when issued, will be fully paid and nonassessable [14]. Financial Condition - The consolidated financial statements filed with the SEC complied with applicable rules and regulations and fairly present the financial position of the Company [11]. - Since June 30, 2024, there has been no material adverse change in the Company's financial condition or results of operations [19]. - The Company has not declared or paid any dividend or distribution on its capital stock since June 30, 2024 [19]. - The Company has filed all necessary federal, state, local, and foreign income and franchise tax returns and has paid or accrued all taxes shown as due thereon [27]. - The Company has no knowledge of any tax deficiencies that have been or might be asserted against it by any taxing jurisdiction [27]. Compliance and Governance - The Company is not in violation of its certificate of incorporation or bylaws and is conducting its business in compliance with applicable laws [18]. - No consent or approval from any governmental authority is required for the consummation of the transactions contemplated by this Agreement [17]. - The Company is in compliance with all applicable requirements of the Sarbanes-Oxley Act of 2002, with no material adverse effects reported [37]. - The Company has established and maintains effective disclosure controls and procedures to ensure material information is communicated to its principal executive and financial officers [30]. - The Company has complied with SEC rules regarding "bad actor" disqualifications, confirming no Covered Person is subject to disqualification events, except as specified under Rule 506(d)(2) or (d)(3) [44]. Insurance and Intellectual Property - The Company maintains insurance that it believes is adequate for its business, covering all real and personal property against theft, damage, and destruction [27]. - The Company has ownership or legal rights to all necessary intellectual property used in its business, and believes it has taken reasonable steps to protect these rights [21]. Market and Stock Information - The Company's common stock is registered under the Securities Exchange Act and is listed on the NYSE American, with no current non-compliance issues reported [25]. - The Company has not received any notices regarding non-compliance with listing requirements from the Principal Market [25]. - The Company aims to maintain the automated quotation of its Common Stock on the Principal Market or an alternative listing on Nasdaq or NYSE [67]. Purchaser Information - The Purchaser is acquiring the Shares for its own account and not for resale in connection with any public offering, maintaining the right to dispose of the Shares at any time [47]. - The Purchaser acknowledges that the Shares have not been registered under the Securities Act and must be held indefinitely unless a subsequent disposition is registered or exempt [48]. - The Purchaser is an "accredited investor" as defined in Rule 501(a) of the Securities Act [54]. - The Purchaser has independently evaluated the merits of the transactions and has had the opportunity to ask questions and receive answers from the Company [57]. - The Purchaser agrees not to engage in any short sale of the Company's voting stock or any hedging transaction involving the Company's securities [58]. Agreement Terms - The Company's obligation to issue and sell the Shares is contingent upon the Purchaser delivering the Purchase Price of $15,000,000 in the form of a reduction of the outstanding principal balance of the Note [64]. - The Company will use reasonable efforts to file all required reports with the SEC in a timely manner to enable the Purchaser to sell the Shares without registration [66]. - The Purchaser will not receive any material non-public information unless a confidentiality agreement is executed [68]. - The Agreement is governed by the laws of the State of New York and the federal laws of the United States [69]. - The Company and the Purchaser will bear their own expenses and legal fees related to the Agreement [72]. - All covenants, agreements, representations, and warranties made by the Company and the Purchaser will survive the execution of the Agreement [75]. - The Agreement may be executed by facsimile or electronic signature and in multiple counterparts [75]. - The Purchaser's address for notice is 38955 Hills Tech Drive, Farmington Hills, MI 48331 [77].

Financial Performance - For the three months ended June 30, 2024, digital advertising revenue decreased by 10.0% compared to the same period in fiscal 2023, while for the six months ended June 30, 2024, it increased by 3.2% compared to the same period in 2023 [160]. - Total revenue for the three months ended June 30, 2024, decreased by $6,889, or 20.2%, to $27,183 compared to $34,072 for the same period in 2023, driven by declines in both print and digital revenue [186]. - Digital advertising revenue decreased by 10.0% to $20,718 for the three months ended June 30, 2024, down from $23,019 in the prior year [187]. - The company recorded a net loss from continuing operations of $6,938 for the three months ended June 30, 2024, an improvement of $4,589 compared to a loss of $11,527 in the same period of 2023 [181]. - The net loss from continuing operations improved to $19,658 for the six months ended June 30, 2024, compared to a loss of $26,051 in the prior year, reflecting an improvement of $6,393 [197]. - Total revenue for the six months ended June 30, 2024 was $56,124, a decrease of $6,366 or 10.2% from $62,490 in the same period of 2023 [199]. Revenue and Expenses - RPM for the three and six months ended June 30, 2024, was $22.90 and $21.22, respectively, reflecting increases of 9% and 21% compared to the same periods in 2023 [162]. - Gross profit for the three months ended June 30, 2024, was $10,718, down from $13,217 in the prior year, reflecting a decrease of $2,499 [183]. - Operating expenses for the three months ended June 30, 2024, totaled $13,296, a reduction of $6,274 compared to $19,570 in the same period of 2023 [181]. - The gross profit for the six months ended June 30, 2024 was $19,651, a decrease of $3,894 or 16.5% from $23,545 in the prior year [199]. - Selling and marketing expenses for the three months ended June 30, 2024 were $3,751, down $3,153 or 45.7% from $6,904 in the prior year [191]. - General and administrative expenses decreased to $8,632 for the three months ended June 30, 2024, a reduction of $2,969 or 25.6% from $11,601 in the same period last year [193]. Cash Flow and Working Capital - As of June 30, 2024, the company incurred a net loss from continuing operations of $19,658 and had cash on hand of $6,085 with a working capital deficit of $231,579 [166]. - For the six months ended June 30, 2024, the net cash used in operating activities was $5,161, a decrease from $16,400 in the same period of 2023, primarily due to reduced cash paid to employees and vendors [176]. - The company has $12,252 available for additional use under its working capital loan with Simplify, with an outstanding balance of $12,748 as of June 30, 2024 [169]. - As of June 30, 2024, the company reported a working capital deficit of $231,579, an increase from $145,622 as of December 31, 2023, with current assets of $35,352 and current liabilities of $266,931 [175]. Strategic Initiatives - The company plans to refinance or modify the terms of its current debt, complete a Business Combination, or explore alternative structures to address substantial doubt about its ability to continue as a going concern [168]. - The company operates more than 360 Publisher Partners across key verticals, leveraging its Platform to enhance audience engagement and monetization [151]. - The company is focused on adding new Publisher Partners in key verticals to expand the scale of unique users interacting on the Platform [152]. - The company has experienced significant growth in digital advertising revenue, which is critical for its overall business performance [160]. Accounting and Compliance - The company has appointed KPMG LLP as its independent registered public accounting firm, effective immediately [156]. - Management's financial analysis is based on GAAP-compliant condensed consolidated financial statements, with estimates that may differ from actual results [223]. - No material changes to critical accounting policies and estimates compared to the previous Annual Report for the year ended December 31, 2023 [224]. - Recent accounting pronouncements are discussed in the notes to the condensed consolidated financial statements [225]. - Market risk disclosures are not applicable to smaller reporting companies as defined by SEC regulations [226]. Impairments and Other Costs - The company recognized a loss on impairment of assets of $39,391 related to discontinued operations for the six months ended June 30, 2024 [172]. - Total liabilities from discontinued operations amounted to $97,516, offset by total assets of $1,014 as of June 30, 2024 [172]. - Stock-based compensation costs decreased significantly by $2,135 or 76.5% to $656 for the six months ended June 30, 2024 [204]. - Liquidated damages recorded were $152 for the six months ended June 30, 2024, a decrease of 50.0% from $304 in the same period of 2023 [212]. - Employee retention credit refers to payroll-related tax credits under the Cares Act [221]. - Employee restructuring payments include severance payments for restructuring arrangements for the periods ended June 30, 2024, and 2023 [222].

Core Insights - Safe and Green Development Corporation (SG Devco) has successfully closed a strategic purchase agreement for funding of up to $10 million from Arena Investors, LP, which is expected to accelerate SG Devco's growth and enhance its real estate development capabilities [1][2] - The initial funding amount is $1.38 million, with access to subsequent tranches potentially increasing the total to $10.27 million, subject to various conditions [2][6] - SG Devco has also entered into an equity line of credit purchase agreement with Arena Business Solutions, allowing the company to potentially raise up to $50 million [2][6] Company Overview - SG Devco is a real estate development company formed in 2021, focusing on innovative and sustainable projects using prefabricated modules made from wood and steel [3] - The company aims to develop strong, green, single or multifamily projects across various income and asset classes [3] - SG Devco's subsidiary, Majestic World Holdings LLC, has created a real estate AI platform to decentralize the real estate marketplace, integrating various stakeholders into an AI-driven environment [3] Arena Investors Overview - Arena Investors is an institutional asset manager with approximately $3.5 billion in assets under management, known for providing creative capital solutions [4] - The firm has a global presence with over 180 employees and specializes in complex financial transactions that traditional banks may not address [4]

Core Viewpoint - Snap Inc. is launching Snap Sports Network, a virtual arena for Snapchat users to engage in competitive games, targeting its large audience of sports viewers [1][2]. Group 1: Snap Sports Network Launch - Snap Sports Network will feature games like hobby horsing and professional pillow fighting, introduced by popular creators [1]. - The network will consist of six episodes airing from July 19 to August 9, with special AR Lenses available for users [1]. Group 2: User Engagement and DAU Growth - Snapchat's DAU reached 422 million at the end of Q1 2024, reflecting a 10.2% year-over-year increase, with an addition of 39 million DAU [3]. - The Zacks Consensus Estimate projects global DAU for 2024 at 443.31 million, indicating a year-over-year growth of 7.04% [3]. - New features aimed at personalization include customizable Snap Map houses and quick snap options with varying durations [3]. Group 3: Safety Features and Competition - Snapchat has introduced new safety features, including in-app warnings and enhanced friending protections, to safeguard users from online harms [4]. - The company faces significant competition from Meta Platforms, Alphabet's YouTube, and Apple, which may impact its market position [4]. Group 4: Stock Performance and Financial Outlook - SNAP shares have decreased by 13.9% year-to-date, underperforming compared to the Zacks Computer and Technology sector's growth of 21.5% [5]. - The Zacks Consensus Estimate for SNAP's Q2 2024 earnings per share is 2 cents, with the 2024 earnings estimate at 24 cents per share, reflecting a slight increase [7]. Group 5: Advertising Revenue Strategy - Snap's transition to automated programmatic auctions for Snap Ads is expected to enhance advertising revenues and drive ad impressions [6].

Core Insights - Tech giants Qualcomm and Microsoft are launching a marketing campaign for "AI PCs," which feature advanced AI capabilities embedded in their hardware [1] - AI PCs include an additional processor to enhance AI functionalities, aiming for broader adoption through a variety of models and optimized software [2] - Industry skepticism exists regarding the immediate utility of AI PCs due to limited software support from major developers [3] Group 1: Market Dynamics - Qualcomm aims to challenge Intel's market dominance with AI PCs, while PC manufacturers like Dell and HP hope to rekindle consumer interest in personal computers [4] - The introduction of AI capabilities could lead to a new wave of higher-priced PC purchases, as many consumers have not upgraded their devices since the pandemic [5] - Enhanced battery life is a significant selling point for AI PCs, although compatibility issues with existing software may hinder enterprise adoption [6] Group 2: Marketing Strategies - Qualcomm is increasing its marketing investments, including a $75 million annual sponsorship of Manchester United, to boost its visibility in the PC market [7] - The entry of Qualcomm and Microsoft into the AI PC market presents challenges for established players like Intel and AMD, who are also expected to release their own AI PCs [8] - Widespread adoption of AI PCs is anticipated to be gradual, with increasing competition complicating the market landscape [9] Group 3: Future Outlook - The push for AI PCs signifies a notable shift in the personal computer market, with the potential for enhanced functionality and extended battery life making them appealing to future buyers [10]

Core Viewpoint - Xtract One Technologies has been selected to implement its SmartGateway security solution at Amerant Bank Arena, Baptist Health IcePlex, and FTL War Memorial, enhancing security and patron experience at these venues [1][2][3] Company Overview - Xtract One Technologies specializes in AI-driven threat detection and security solutions, focusing on seamless patron access control experiences [4] - The company's SmartGateway product allows for unobtrusive screening for weapons at venue entrances, improving safety without disrupting traffic flow [4] Venue Details - Amerant Bank Arena is Florida's largest indoor arena and the second largest sports and entertainment venue in South Florida, hosting over 30 million visitors annually [1][5] - The Baptist Health IcePlex serves as the official practice facility for the Florida Panthers and includes state-of-the-art amenities, contributing to community engagement [2][6] Partnership Significance - The collaboration between Xtract One and the Florida Panthers aims to set new standards in fan safety and enhance the overall experience for attendees [2][3] - This partnership reflects a commitment to community safety while improving patron experiences at key venues in Fort Lauderdale [2][3]

Beckstone Live Debuts UAE's First-Ever 'Mandopop' Concert with Superstar Jeff Chang at Dubai's Coca-Cola ArenaJune 12, 2024 10:52 PM EDT | Source: StonesPRDubai, United Arab Emirates--(Newsfile Corp. - June 12, 2024) - Beckstone Live, the famous Asian-Pacific promoter presented 'Prince of Love Songs' JEFF CHANG's sell-out CONTINUUM ∞ world tour to Dubai's Coca-Cola Arena on Sunday. It became the first promotor to bring Chinese-language superstar to perform in the UAE and the MENA region.Image ...