Core Insights - Lucid Group, Inc. has launched the Gravity X, an adventurous electric vehicle (EV) model that enhances off-road capabilities and rugged styling, building on the existing Gravity Grand Touring model [1][9] Product Features - The Gravity X features a fresh design with higher ground clearance, improved approach and departure angles, all-terrain tires, protective skid plates, and tow hooks [2] - Interior upgrades include premium leather seating, high-performance floor mats, and a microsuede steering wheel, emphasizing luxury alongside adventure [3] Market Positioning - The Gravity X aims to cater to luxury EV buyers seeking a balance between weekday sophistication and weekend adventure capabilities, indicating a shift in consumer preferences [4] - If produced, the Gravity X would enter the niche market of adventure-focused electric SUVs, positioning Lucid against competitors like Rivian Automotive, which already emphasizes off-road features [5][9] Financial Performance - Lucid has underperformed the Zacks Automotive-Domestic industry, with shares down 30.8% year-to-date compared to the industry's decline of 16.5% [7] - The company is currently trading at a forward price/sales ratio of 2.76, which is higher than the industry average of 2.67, indicating potential overvaluation [12] Earnings Estimates - The Zacks Consensus Estimate for Lucid's bottom-line loss for 2025 and 2026 has widened by a penny each in the past 30 days, reflecting ongoing challenges [11]

Core Insights - Gravity Co., Ltd. has officially launched its mobile game Ragnarok: Twilight in China on August 15, 2025, marking a significant expansion in the Chinese gaming market [1] Game Features and Reception - Ragnarok: Twilight incorporates classic elements from Ragnarok Online while introducing innovative features such as a hero transformation system and offline auto-hunting functionality, enhancing user experience [2] - The game received positive feedback during its closed beta test, which has increased user anticipation prior to its official launch [2] Market Performance - After its launch, Ragnarok: Twilight achieved notable success by ranking eighth in top grossing as a WeChat Mini Programs game in China [3] - The game ranked first in free downloads on the Apple App Store in Taiwan, Hong Kong, and Macau before its launch, and subsequently ranked second in top grossing on the Apple App Store in Taiwan, sixth in Macau, and eighth in Hong Kong [3] - Additionally, it ranked first in free downloads on Google Play in Taiwan, third in Macau, and sixth in Hong Kong after launching [3] Company Expectations - Gravity expressed high expectations for Ragnarok: Twilight, highlighting its blend of classic and innovative features that aim to satisfy a broad user base [4]

Financial Performance - Gravity reported revenue of KRW 171 billion in 2025 2Q, a 242% QoQ increase and a 389% YoY increase[21] - Operating profit for 2025 2Q was KRW 20 billion, a 205% QoQ decrease but a 312% YoY increase[21] - Mobile games contributed KRW 144003 million to the total revenue in 2025 2Q[27] - PC games generated KRW 21971 million in revenue in 2025 2Q[27] - The largest regional revenue contribution came from Southeast Asia & others, accounting for 434% of the total in 2025 2Q[23] Game Launch and Pipeline - Gravity plans to launch "Ragnarok 3" globally in 2026[121] - "Ragnarok M Classic" is scheduled for additional launch in North and South America, Europe, Middle East, and Africa on September 3, 2025[49, 55, 121] - "PROJECT ABYSS" is scheduled for initial launch in Southeast Asia in 4Q 2025[62, 121] - "Ragnarok The Promised Adventure" is planned for launch in China on October 1, 2025[74, 121] Business Strategy - Gravity aims to maximize sustained growth and brand value through an IP-driven, multi-title strategy[32, 35, 40] - The company is expanding its global influence through various games based on the Ragnarok IP, leveraging subsidiaries in Thailand, Taiwan, Indonesia, Singapore, Hong Kong, America, and Malaysia[131]

Core Insights - Gravity Co., Ltd. reported its unaudited financial results for Q2 2025, showing significant growth in revenues driven by new game launches and expansions in various markets [1][2]. Financial Performance - Total revenues for Q2 2025 reached KRW 170,740 million (US$ 126,147 thousand), marking a 24.2% increase QoQ and a 38.9% increase YoY [9]. - Online game revenues were KRW 21,971 million (US$ 16,233 thousand), up 16.8% QoQ and 13.0% YoY, primarily due to the launch of Ragnarok Online America Latina [3]. - Mobile game revenues surged to KRW 144,003 million (US$ 106,393 thousand), reflecting a 24.7% increase QoQ and a 45.4% increase YoY, driven by new titles like Ragnarok M: Classic and Ragnarok X: Next Generation [4]. - Other revenues increased to KRW 4,766 million (US$ 3,521 thousand), a 50.3% increase QoQ and 5.8% increase YoY [5]. Cost and Expenses - Cost of revenue for Q2 2025 was KRW 114,006 million (US$ 84,231 thousand), representing a 30.4% increase QoQ and a 50.0% increase YoY, mainly due to commissions for mobile game services [6]. - Operating expenses rose to KRW 37,064 million (US$ 27,383 thousand), a 46.6% increase QoQ and 15.9% increase YoY, largely due to increased advertising expenses for new game launches [7]. Profitability - Operating profit for Q2 2025 was KRW 19,670 million (US$ 14,533 thousand), down 20.5% QoQ but up 31.2% YoY [9]. - Profit before income tax expense was KRW 18,706 million (US$ 13,821 thousand), a decrease of 34.2% QoQ and 6.7% YoY [9]. - Net profit attributable to the parent company was KRW 13,245 million (US$ 9,786 thousand), down 39.9% QoQ but up 5.4% YoY [10]. Liquidity - As of June 30, 2025, the company had cash and cash equivalents totaling KRW 576,840 million (US$ 426,184 thousand) [11]. Business Updates - Several new games were launched or are scheduled for launch, including Ragnarok: The Promised Adventure in China on October 1, 2025, and Ragnarok M: Classic in North and South America on September 3, 2025 [12][13]. - The company continues to expand its game portfolio with various titles across different regions, indicating a strong growth strategy [12][15].

Revenue Performance - Online game revenues for Q2 2025 were KRW 21,971 million (US$ 16,233 thousand), a 16.8% increase QoQ and a 13.0% increase YoY, driven by the launch of Ragnarok Online America Latina[5] - Mobile game revenues reached KRW 144,003 million (US$ 106,393 thousand) in Q2 2025, reflecting a 24.7% increase QoQ and a 45.4% increase YoY, attributed to new game launches in various regions[6] - Total revenues for Q2 2025 were KRW 170,740 million (US$ 126,147 thousand), representing a 24.2% increase QoQ and a 38.9% increase YoY[8] - Total net revenue for the six months ended June 30, 2025, increased to KRW 308,204 million, up 27% from KRW 242,746 million for the same period in 2024[26] - Mobile games revenue for the three months ended June 30, 2025, reached KRW 144,003 million, a 45% increase compared to KRW 99,019 million in the same period last year[26] Profitability - Operating profit for Q2 2025 was KRW 19,670 million (US$ 14,533 thousand), a 20.5% decrease QoQ but a 31.2% increase YoY[8] - Operating profit for the three months ended June 30, 2025, was KRW 19,670 million, a 31% increase from KRW 14,989 million in the same period last year[26] - Net profit attributable to the parent company was KRW 13,245 million (US$ 9,786 thousand) for Q2 2025, a 39.9% decrease QoQ but a 5.4% increase YoY[12] - Profit for the year for the six months ended June 30, 2025, was KRW 35,298 million, down 10% from KRW 39,464 million for the same period in 2024[26] Operating Expenses - Operating expenses increased to KRW 37,064 million (US$ 27,383 thousand) in Q2 2025, a 46.6% increase QoQ and a 15.9% increase YoY, primarily due to higher advertising costs[10] Cash and Assets - The cash and cash equivalents balance was KRW 576,840 million (US$ 426,184 thousand) as of June 30, 2025[13] - Total current assets as of June 30, 2025, were KRW 686,658 million, a slight increase from KRW 653,610 million as of December 31, 2024[23] Liabilities and Equity - Total liabilities as of June 30, 2025, were KRW 126,047 million, up from KRW 118,096 million as of December 31, 2024[23] - Total equity attributable to owners of the Parent Company as of June 30, 2025, was KRW 595,755 million, an increase from KRW 567,672 million as of December 31, 2024[23] Upcoming Game Launches - Ragnarok: The Promised Adventure is set to launch in China on October 1, 2025, following its ISBN approval[14] - Ragnarok X: Next Generation will expand to Europe, the Middle East, Africa, and South Asia in October 2025 after its initial launch in May 2025[14] - Ragnarok M: Classic is scheduled for launch in North and South America, Europe, Middle East, and Africa on September 3, 2025[14] Earnings Per Share - Earnings per share for the three months ended June 30, 2025, was KRW 1,906, compared to KRW 1,809 for the same period in 2024[26] Finance Income - The company reported a finance income of KRW 2,651 million for the three months ended June 30, 2025, down from KRW 8,867 million in the same period last year[26]

Core Viewpoint - Eminent Gold Corp. has initiated a high-resolution gravity geophysical survey at the Otis target within its Hot Springs Range Project in Nevada, aiming to enhance exploration efforts and increase the probability of intersecting higher-grade gold zones [1][2][4]. Group 1: Project Details - The Hot Springs Range Project is strategically located adjacent to the 50-million-ounce Au Getchell Trend, making it a significant area for gold exploration [1]. - The gravity survey is designed to identify structural features such as faults and fluid conduits that may control mineralization, thereby refining the targeting model [2]. - The survey will also focus on the Eden target within the 15 km-long Hot Springs Range trend, with drilling expected to resume after data interpretation [2][3]. Group 2: Company Insights - Eminent Gold believes it is in the early stages of uncovering a significant gold system at the HSRP property, supported by collaboration with Kinross Gold Corporation, a 9.9% shareholder [4]. - The company is well-positioned with three major gold opportunities in Nevada, all of which are expected to come online with drill permits this year [4]. - The gravity survey is anticipated to be completed in the coming weeks, with drilling set to resume in August [3].

Core Viewpoint - Zeb Nickel Corp has engaged Spectrem Air Proprietary Ltd. to conduct a 736 line-kilometre SpectremPlus™ airborne electromagnetic survey over its Zeb Nickel Project in Limpopo Province, South Africa, aiming to enhance the identification of potential nickel sulphide ore bodies [1][2]. Group 1: Survey Details - The airborne survey will cover approximately 736 line-kilometres, utilizing 150 m spaced traverse lines and 1,500 m tie-lines, with data acquisition scheduled for July 2025 [7]. - The SpectremPlus™ system is capable of imaging conductive bodies to depths exceeding 700 m, with a high RMS dipole moment of 756 kA·m² [3][7]. - The survey is expected to be completed within three days, with final processed data and interpretations anticipated within 30 days post-survey [7]. Group 2: Technical Integration and Benefits - The AEM survey will complement existing gravity-magnetic models, allowing for improved drill-target definition by distinguishing between conductive massive sulphides and resistive host rocks [3][4]. - By integrating EM conductivity data with gravity and magnetic models, the technical team aims to generate a prioritized pipeline of drill-ready targets for potential nickel-sulphide mineralization [4][6]. - The expected deliverables include a unified 3D geophysical block model that identifies and ranks high-priority target zones based on conductivity, density, and magnetic susceptibility signatures [13]. Group 3: Company Focus and Strategic Importance - Zeb Nickel Corp is focused on exploring and developing world-class mineral deposits, particularly those critical for rechargeable battery production, including nickel, lithium, and cobalt [14]. - The Zeb Nickel Project is strategically located in the Bushveld Complex, which is known for its rich mineral deposits [14].

Core Insights - Gravity Co., Ltd. has launched Ragnarok Crush, a Strategy Action Puzzle RPG Mobile game, globally except for China and Japan on July 17, 2025 [1] - The game utilizes a 3-match puzzle system, allowing players to strategically move and combine puzzles to clear stages [2] - Pre-registration for the game exceeded its target, indicating strong user interest, and the closed beta test received positive feedback [3] Company Overview - Gravity is a developer and publisher of online and mobile games, with its principal product being Ragnarok Online, which is popular in various markets including Japan and Taiwan [4] - The company operates in 91 regions commercially, showcasing its extensive market reach [4] Game Features - Ragnarok Crush combines the Ragnarok IP with puzzle elements, retaining the original job system and growth elements while offering a unique gameplay experience [4] - The game is designed to be casual and accessible for all players, with various regional offline events planned to celebrate its launch [4]

Core Insights - Gravity Co., Ltd. has launched Ragnarok Crush, a Strategy Action Puzzle RPG Mobile game, globally except for China and Japan on July 17, 2025 [1] - The game utilizes a 3-match puzzle system, allowing players to strategically move and combine puzzles to clear stages [2] - Pre-registration for the game exceeded its target, indicating strong user interest, and the closed beta test received positive feedback [3] Company Overview - Gravity is a developer and publisher of online and mobile games, with its principal product being Ragnarok Online, which is popular in various markets including Japan and Taiwan [4] - The company operates in 91 regions, showcasing its extensive market reach [4] Game Features - Ragnarok Crush combines the Ragnarok IP with puzzle elements, retaining the original job system and growth elements while offering a unique gameplay experience [4] - The game is designed to be casual and accessible for all players, with various regional offline events planned to celebrate its launch [4]

Company Overview - GRAVITY Co., Ltd. is a developer and publisher of online and mobile games, known for its principal product, Ragnarok Online, which is popular in various markets including Japan and Taiwan [3]. Product Launch - PT Gravity Game Link, Gravity's subsidiary in Indonesia, has officially launched Dragonica Origin, an MMORPG PC game, in 10 regions of Southeast Asia on July 16, 2025 [1]. - Dragonica Origin features a fantasy world with dragons and magic, dynamic side-scrolling combat, and class-specific comic skills, offering a unique play style [2]. Market Positioning - The company emphasizes that Dragonica Origin combines nostalgic elements of classic online games with exciting side-scrolling action, targeting players looking for a retro-style gaming experience [3].