Core Insights - Soitec reported consolidated revenue of 226 million Euros for Q3 FY'25, reflecting a 6% decline year-on-year and a 10% decline at constant exchange rates [2][7][8] - The company adjusted its FY'25 revenue guidance to a high single-digit decrease year-on-year due to worsening conditions in the Automotive and Consumer markets [4][23] - The Mobile Communications division showed strong performance, while the Automotive and Industrial division faced significant challenges [3][13] Revenue Breakdown - Mobile Communications revenue reached 154 million Euros, up 11% at constant exchange rates compared to Q3 FY'24, driven by a healthier smartphone market [9][21] - Automotive & Industrial revenue was 25 million Euros, down 47% at constant exchange rates compared to Q3 FY'24, reflecting ongoing difficulties in the automotive market [13][21] - Edge & Cloud AI revenue was 47 million Euros, down 30% at constant exchange rates compared to Q3 FY'24, with varied performance across products [17][19] Market Conditions - The Automotive and Industrial division continues to be impacted by a weak automotive market, leading to inventory adjustments by customers [4][16] - Demand for Photonics-SOI wafers is strong, driven by high investments in cloud infrastructure, while sales of Imager-SOI wafers are declining due to product phase-out [18][19] - The company expects limited growth for FY'26 due to a lack of visibility on end markets [5][25] Strategic Developments - Soitec is enhancing its technology leadership and expanding into compound semiconductors, with significant growth in POI wafer sales [6][11] - The company announced a collaboration with GlobalFoundries for the production of high-performance RF-SOI semiconductors [31] - Soitec continues its research collaboration with MIT to strengthen its presence in the North American semiconductor sector [32]

Core Insights - Soitec, a leader in innovative semiconductor materials, reported on the liquidity contract with BNP Paribas, detailing transactions and balances as of December 31, 2024 [1][12]. Financial Summary - As of December 31, 2024, the liquidity account showed a total of €19,591,223 from 215,838 shares purchased across 3,775 transactions, while 197,982 shares were sold for €17,859,326 across 3,174 transactions [11]. - In the first semester of 2024, Soitec bought 191,207 shares for €23,068,132 and sold 173,247 shares for €20,849,967 [5]. - In the second semester of 2024, a total of 51,934 shares were reported, with 215,838 shares bought for €19,591,223 and 197,982 shares sold for €17,859,326 [5][11]. Company Overview - Soitec has been a key player in the semiconductor value chain for over 30 years, focusing on three main markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI [6]. - The company employs approximately 2,300 individuals from 50 different nationalities and holds over 4,000 patents [6]. Upcoming Events - Q3 FY'25 revenue will be published on February 5, 2025, and FY'25 annual results will be released on May 27, 2025 [4]. - The Capital Markets Day is scheduled for May 28, 2025, and the Annual General Meeting will take place on July 22, 2025 [4].

Company Announcement - Soitec appoints Ruth Hernandez as Chief Sales Officer, effective immediately [2] - Ruth Hernandez will join the Executive Committee and be responsible for driving Soitec's commercial success [2] - Ruth Hernandez succeeds Yvon Pastol, who will leave the company on January 31 after leading global Sales since August 2020 [3] Executive Background - Ruth Hernandez brings 25 years of experience in the semiconductor industry, having worked with major companies like Texas Instruments, Maxim Integrated, and GlobalFoundries across five countries [3] - She is expected to play a key role in driving Soitec's long-term growth strategy and strengthening customer networks [3] Executive Statements - Ruth Hernandez expressed excitement about joining Soitec and contributing to its global impact through cutting-edge technologies that combine performance and energy efficiency [4] - Pierre Barnabé, CEO of Soitec, welcomed Ruth Hernandez and thanked Yvon Pastol for his significant contributions to the company [4] Company Overview - Soitec is a world leader in innovative semiconductor materials, with over 30 years of experience in developing cutting-edge products that deliver technological performance and energy efficiency [5] - The company generated sales of 1 billion Euros in fiscal year 2023-2024 and holds over 4,000 patents [5] - Soitec serves three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI [5] - The company employs 2,300 people across Europe, the United States, and Asia, representing 50 different nationalities [5]

Core Viewpoint - Sirios Resources Inc. has confirmed the presence of visible gold in the extension of drill hole 317 at the Cheechoo gold project, indicating potential for further gold resource development [1][2][3]. Group 1: Drilling and Observations - Visible gold was observed in quartz veinlets at depths of 499.5 to 507.5 meters during the recent drilling [2]. - The drilling program began with a planned 100-meter extension of hole 317, which was initially completed at a depth of 397.8 meters [2]. - The hole was further extended to a total depth of 522 meters following the observations of visible gold [2]. Group 2: Strategic Objectives - The primary objectives of the current drill program include gathering data for an upcoming Mineral Resource Estimate (MRE) update and testing high-priority targets identified in a comprehensive data review conducted in summer 2024 [4][7]. - The Cheechoo gold deposit is characterized by multiple gold-enriched zones within a tonalite intrusion, suggesting the potential for additional high-grade zones beyond the 2022 MRE conceptual pit boundaries [4]. Group 3: Mineral Resource Estimate - The most recent MRE reported indicated resources of 1.4 million ounces at an average grade of 0.94 g/t Au and inferred resources of 500,000 ounces at an average grade of 0.73 g/t Au [8]. - The MRE was prepared using a USD 1,650 gold price for an open-pit model, and underground mining scenarios have not been evaluated in this estimate [5][6]. Group 4: Quality Control and Analysis - The drill core was described and sampled at the Cheechoo exploration camp, with samples sent to a certified laboratory for analysis following strict quality assurance and control protocols [10]. - Analytical methods included the Photon Assay method for gold and whole-rock geochemical analysis performed by ICP-MS and ICP-OES on most samples [10].

MONTRÉAL, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Sirios Resources Inc. (TSX-V: SOI; OTCQB: SIREF) (“Sirios” or the “Company”) is pleased to announce the results of the last two drill holes from Phase 1 of its Fall–Winter 2024–25 drilling program targeting depth extensions of gold mineralization at the Cheechoo project in Eeyou Istchee James Bay, Quebec. As with the first two drill holes of the program (ref.: press release 12/16/2024), gold mineralization was intercepted in holes #319 and #320 at the locations an ...

In Bernin, on January 8, 2025 INFORMATION RELATING TO THE TOTAL NUMBER OF VOTING RIGHTS AND SHARES FORMING THE SHARE CAPITAL (Article L. 233-8 II of the French Commercial Code and article 223-16 of the General Regulation of the French financial markets authority (AMF)) Corporate name and address of the company: SOITECParc Technologique des Fontaines - Chemin des Franques 38190 Bernin (FRANCE) Statement date Total number of shares forming the share capital Total number of voting rights 12/31/2024 3 ...

MONTREAL, Dec. 23, 2024 (GLOBE NEWSWIRE) -- SIRIOS RESOURCES INC. (TSX-V: SOI) (the "Corporation") announces the closing of the third and final tranche of its non-brokered flow-through private placement (the "Offering"), through the issuance of 600,000 common shares in the capital of the Corporation (the "Shares"), at a price of $0.07 per Share. The aggregate gross proceeds for this third tranche is $42,000. The Shares were issued as "flow-through shares" pursuant to section 66(15) of the Income Tax Act (Ca ...

MONTREAL, Dec. 19, 2024 (GLOBE NEWSWIRE) -- SIRIOS RESOURCES INC. (TSX-V: SOI) (the "Corporation") announces that it has closed its previously announced non-brokered private placement for a gross proceeds of $430,000 (the "Offering"). The Offering consisted of the issuance of 8,600,000 units of the Corporation (the "Units") at a price of $0.05 per Unit. Each Unit consists of one common share of the capital of the Corporation (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warran ...

MONTREAL, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Sirios Resources Inc. (TSX-V: SOI; OTCQB: SIREF) (“Sirios” or the “Company”) is pleased to announce the results from the two first drill holes of the Phase 1 of its Fall-Winter 2024-25 Drilling Program on the Cheechoo gold project in Eeyou Istchee James Bay, Québec. The two drill holes intercepted gold mineralization exactly at the locations anticipated by Sirios' geological team. These results help validate the new interpretation of the Cheechoo deposit, which re ...

Financial Data and Key Metrics Changes - Solaris generated $74 million in revenue, $21 million in adjusted EBITDA, and $18 million of free cash flow in Q2 2024, with a return of $5 million to shareholders in dividends [4][10] - Operating cash flow was $19 million, with $1 million in capital expenditures, resulting in $18 million in free cash flow [10] - The company ended the quarter with total debt of $16 million and net debt of $11 million, along with approximately $53 million of available liquidity [10] Business Line Data and Key Metrics Changes - The well site equipment rental business experienced a 10% decrease in fully utilized systems from Q1 2024, averaging 56 frac crews, down from 64 [10] - Ancillary services contribution improved due to increased fleets utilizing last-mile trucking services, with total annualized contribution margin per fully utilized system remaining roughly flat at $1.1 million [11] - Total annualized contribution margin per frac crew followed improved 6% sequentially to nearly $1.9 million [11] Market Data and Key Metrics Changes - U.S. drilling and completions activity showed anticipated choppiness, particularly in natural gas-exposed basins due to low gas prices, but stabilization was noted in gas-exposed activity and continued strength in oil basins like the Permian [7] - For Q3 2024, activity levels are expected to be relatively flat compared to Q2 [7][12] Company Strategy and Development Direction - The acquisition of Mobile Energy Rentals (MER) is seen as transformative, providing Solaris with entry into a new mobile distributed power product line and exposure to multiple end markets [4][5] - The company aims to sustain and grow shareholder return programs while increasing liquidity and strengthening the balance sheet [9] - Solaris plans to leverage operational synergies and cross-selling opportunities due to its presence on one-third of U.S. completion sites [6] Management's Comments on Operating Environment and Future Outlook - Management expressed a stable outlook for the completion market, with no radical changes expected in the near term [14][15] - The company is prepared for potential increases in activity, with a well-prepared balance sheet and mobile assets ready for deployment [20] - The management highlighted the importance of the MER acquisition in driving future growth and enhancing cash flow resilience [8][31] Other Important Information - The company announced a third quarter dividend of $0.12 per share, continuing its commitment to shareholder returns [8] - The definitive proxy for the MER acquisition has been filed, with a special meeting scheduled for August 30, 2024, to seek shareholder approval [13][29] Q&A Session Summary Question: Outlook for the completion market in Q4 and early 2025 - Management indicated that the market feels stable, with no significant changes expected going into early 2025 [14][15] Question: Market share gains from new technology rollouts - Management noted that the new top fill loading system has positioned the company well for business in the Rockies and Northeast [17][18] Question: Exposure to gas basins and potential activity uptick - Management stated that while there is no clear visibility into a pickup in the Haynesville, the company is prepared for increased activity with available assets [19][20] Question: Impact of U.S. Silica acquisition on Solaris - Management believes that the acquisition of U.S. Silica will not change their market position [21] Question: Long-term vision for MER business outside oil and gas - Management forecasts a 50:50 split between oil and gas and other markets within a year, with potential for international expansion [23][24] Question: Increased demand post-MER acquisition announcement - Management confirmed increased customer interest and synergy discussions since the acquisition announcement [28]