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ROSEN, TRUSTED INVESTOR COUNSEL, Encourages NET Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NPWR, NPWR.WS
GlobeNewswire News Room· 2025-05-23 16:05
Core Viewpoint - Rosen Law Firm is reminding investors who purchased NET Power Inc. securities between June 9, 2023, and March 7, 2025, of the upcoming lead plaintiff deadline on June 17, 2025, for a class action lawsuit related to misleading statements made by the company [1][2]. Group 1: Class Action Details - Investors who bought NET Power securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by June 17, 2025 [2]. - The lawsuit alleges that NET Power made false and misleading statements regarding the completion and costs of Project Permian, which is critical to the company's operations [3]. Group 2: Allegations Against NET Power - The lawsuit claims that NET Power was unlikely to complete Project Permian on schedule and that the project would be significantly more expensive than previously stated due to supply chain issues and site-specific challenges [3]. - It is asserted that the company's projections regarding the time and capital needed for Project Permian were unrealistic, which could negatively impact NET Power's business and financial results [3]. - The lawsuit contends that the misleading public statements made by NET Power resulted in investor damages when the true situation became known [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has achieved significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms in securities class action settlements [4]. - Founding partner Laurence Rosen has been recognized as a leading figure in the plaintiffs' bar, further establishing the firm's credibility in handling such cases [4].
SILVERCORP REPORTS ADJUSTED NET INCOME OF $75.1 MILLION, $0.37 PER SHARE, AND CASH FLOW FROM OPERATIONS OF $138.6 MILLION FOR FISCAL 2025
Prnewswire· 2025-05-22 21:34
Core Insights - Silvercorp Metals Inc. reported significant financial results for Q4 Fiscal 2025 and Fiscal 2025, with notable increases in revenue and production metrics, despite a net loss in Q4 [1][2][12] Financial Results - Q4 Fiscal 2025 revenue was $75.1 million, a 76% increase from $42.7 million in Q4 Fiscal 2024, driven by higher production and selling prices of metals [10][11] - For Fiscal 2025, total revenue reached $298.9 million, up 39% from $215.2 million in Fiscal 2024, attributed to increased production and selling prices across gold, silver, lead, and zinc [14][12] - Net income attributable to equity shareholders for Q4 Fiscal 2025 was a loss of $7.6 million, compared to a profit of $5.5 million in Q4 Fiscal 2024 [8][12] - Adjusted net income for Q4 Fiscal 2025 was $14.7 million, a 286% increase from $3.8 million in Q4 Fiscal 2024, after excluding certain charges [9][12] Operational Results - In Q4 Fiscal 2025, the company processed 345,984 tonnes of ore, a 46% increase from 237,493 tonnes in Q4 Fiscal 2024 [17][18] - Gold production in Q4 Fiscal 2025 was 3,110 ounces, a 62% increase, while silver production was 1.630 million ounces, a 42% increase compared to Q4 Fiscal 2024 [18][22] - For Fiscal 2025, total ore processed was 1,312,695 tonnes, a 19% increase from 1,106,195 tonnes in Fiscal 2024 [21][22] Cost Metrics - Cash cost per tonne of ore processed in Q4 Fiscal 2025 was $83.36, nearly unchanged from $84.31 in Q4 Fiscal 2024, while the all-in sustaining cost (AISC) was $132.50, down 8% from $143.38 [19][20] - The cash cost per ounce of silver, net of by-product credits, was $2.49 in Q4 Fiscal 2025, up from $1.22 in Q4 Fiscal 2024 [20][19] - For Fiscal 2025, the AISC per ounce of silver was $12.12, a 7% increase from $11.38 in Fiscal 2024 [25][24] Capital Expenditures - Total capital expenditures for Fiscal 2025 were $86.6 million, a 35% increase from $64.0 million in Fiscal 2024, reflecting investments in infrastructure and projects [26][27] - The company spent $9.9 million on exploration and development in China and $3.1 million on the El Domo project during Q4 Fiscal 2025 [6][27] Financial Position - As of March 31, 2025, cash and cash equivalents totaled $369.1 million, a 100% increase from $184.9 million a year earlier [11][12] - The company also holds a portfolio of equity investments valued at $70.9 million [11][12]
NET Power Looks More Attractive Now, Yet It Needs More Time (And Money)
Seeking Alpha· 2025-05-22 09:45
Group 1 - A clean energy company is attracting top-tier firms as investors and partners, indicating strong market interest and potential for growth [1] - The involvement of the Rice Family, known for their investments in natural gas and clean energy projects, suggests credibility and expertise in the sector [1] Group 2 - The article reflects a positive outlook on innovative companies within the clean energy space, highlighting the importance of strategic partnerships [1]
Syncfusion® Debuts New Open-Source .NET MAUI Controls at Microsoft Build 2025
GlobeNewswire News Room· 2025-05-21 18:41
Core Insights - Syncfusion, Inc. announced the release of its fourth set of open-source .NET MAUI controls at Microsoft Build 2025, enhancing its toolkit for the .NET MAUI developer community [1][2] - The new release includes over two dozen open-source controls aimed at simplifying the development of modern, responsive applications [2][3] - Syncfusion's offerings at Microsoft Build 2025 include hands-on opportunities for developers to explore its ecosystem of developer solutions, including the flagship Essential Studio library with over 1,900 components [4][5] Product Features - New components introduced in the latest release include a customizable Picker, flexible Date Picker, intuitive Time Picker, combined Date Time Picker, Circular ProgressBar, and Linear ProgressBar [7] - These controls are designed to integrate seamlessly into AI-enhanced development workflows and are fully open source [3][4] Company Background - Syncfusion, founded in 2001, is headquartered in Research Triangle Park, N.C., and provides a comprehensive ecosystem of developer control suites and business software [6] - The company aims to support businesses of all sizes, from individual developers to Fortune 500 enterprises, with a focus on enhancing customer experience through feature-rich solutions [6]
ROSEN, NATIONAL INVESTOR RIGHTS COUNSEL, Encourages NET Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NPWR, NPWR.WS
GlobeNewswire News Room· 2025-05-20 22:01
NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of NET Power Inc. (NYSE: NPWR, NPWR.WS) between June 9, 2023 and March 7, 2025, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 17, 2025. SO WHAT: If you purchased NET Power securities during the Class Period you may be entitled to compensation without p ...
NET Power: A Capitalized Pre-Revenue Company Investors Still Don't Trust
Seeking Alpha· 2025-05-20 19:01
Core Insights - The focus is on producing objective, data-driven research primarily about small- to mid-cap companies, which are often overlooked by many investors [1] Group 1 - The analysis occasionally includes large-cap companies to provide a broader perspective on the equity markets [1]
Pomerantz Law Firm Announces the Filing of a Class Action Against NET Power Inc. and Certain Officers - NPWR
Prnewswire· 2025-05-20 13:00
If you are an investor who purchased or otherwise acquired Net Power securities during the Class Period, you have until June 17, 2025, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares p ...
Levi & Korsinsky Reminds NET Power, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 17, 2025 - NPWR
Prnewswire· 2025-05-20 09:45
NEW YORK, May 20, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in NET Power, Inc. ("NET Power, Inc." or the "Company") (NYSE: NPWR) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of NET Power, Inc. investors who were adversely affected by alleged securities fraud between June 9, 2023 and March 7, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/net-power-inc-lawsuit-subm ...
Levi & Korsinsky Reminds NET Power, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 17, 2025 – NPWR
GlobeNewswire News Room· 2025-05-19 17:30
NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in NET Power, Inc. ("NET Power, Inc." or the "Company") (NYSE: NPWR) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of NET Power, Inc. investors who were adversely affected by alleged securities fraud between June 9, 2023 and March 7, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/net-power-inc-lawsui ...
Pomerantz Law Firm Announces the Filing of a Class Action Against NET Power Inc. and Certain Officers – NPWR
GlobeNewswire News Room· 2025-05-18 14:00
Core Viewpoint - A class action lawsuit has been filed against NET Power Inc. and certain officers for alleged violations of federal securities laws during the Class Period from June 9, 2023, to March 7, 2025, seeking damages for misleading statements regarding the company's business and financial prospects [1][7]. Company Overview - NET Power Inc. is a clean energy technology company focused on its "Net Power Cycle" technology, which aims to generate reliable and affordable electricity from natural gas while capturing nearly all emissions [4]. - The company operates a Demonstration Plant in La Porte, Texas, to validate its technology and is developing its first utility-scale plant, referred to as "Project Permian," located in the Permian Basin of West Texas [4]. Project Permian Details - Initially, NET Power projected that Project Permian would be operational in 2026, with a cost estimate of approximately $950 million in 2023, which later increased to $1.1 billion in 2024 [5][6]. - The completion of Project Permian is critical for the company's commercial operations and financial outlook, making the accuracy of timelines and cost estimates vital for investors [6]. Allegations in the Lawsuit - The lawsuit claims that throughout the Class Period, NET Power's executives made materially false and misleading statements about the company's operations and prospects, including the likelihood of completing Project Permian on schedule and the accuracy of cost estimates [7]. - Specific allegations include that the project was unlikely to be completed on time and would incur significantly higher costs due to supply chain issues and other challenges [7]. Impact of Recent Announcements - On November 14, 2023, NET Power announced a delay in the initial power generation timeline for Project Permian to between the second half of 2027 and the first half of 2028, causing an 18.54% drop in stock price [8][9]. - On March 10, 2025, the company revised the total installed cost of Project Permian to between $1.7 billion and $2.0 billion, leading to a further 31.46% decline in stock price [10]. - Following the announcement of executive departures on April 15, 2025, the stock price fell by 5.75% [11].