Defence Announces US Molecular and Antibody Research Expert Dr. Elias Theodorou Joins Defence's Management Team as Chief Operating OfficerMarch 26, 2025 3:15 AM EDT | Source: Defence Therapeutics Inc.Montreal, Quebec--(Newsfile Corp. - March 26, 2025) - Defence Therapeutics Inc. (CSE: DTC) (OTCQB: DTCFF) (FSE: DTC) ("Defence" or the "Company"), a Canadian biopharmaceutical company developing radiopharmaceuticals and ADC products using its proprietary platform and drug delivery technologies in ...

Plans Underway to File with FINRA for Official Name and Ticker Update to Opus Holdings, Inc. (OPHD)MIAMI, March 25, 2025 /PRNewswire/ -- Opus Holdings, Inc., formerly 4Cable TV International, Inc. (CATV), is excited to announce its name change to Opus Holdings, Inc. (OPHD) as part of a comprehensive transformation designed to create significant value for shareholders. This transition marks a pivotal moment as Opus Holdings embarks on a new business model focused on incubating private companies and guiding t ...

Shares of Team, Inc. (TISI) have gained 20.1% since reporting fourth-quarter and 2024 results, outperforming the S&P 500 index’s decline of 0.1%. Over the past month, TISI shares have risen 4%, bucking broader market weakness that saw the S&P 500 fall 4.8%.Revenue & Earnings Show ImprovementsFor the fourth quarter of 2024, Team reported revenues of $213.3 million compared with $214.1 million in the prior-year period. Despite the marginal decline, the company posted significant profitability improvements. Th ...

Revenue Performance - Total revenues decreased by $10.3 million or 1.2% from the prior year, with IHT revenues down by $2.8 million (0.7%) and MS revenues down by $7.5 million (1.7%) due to reduced activity in Canada and international operations [142]. - Revenue for the year ended December 31, 2024, was reported at $852.3 million, reflecting the company's performance in its operational activities [200]. - Revenues for the twelve months ended December 31, 2024, were $852,272, a decrease of 1.6% from $862,615 in 2023 [208]. - Revenue from the United States for 2024 was $637.662 million, compared to $623.763 million in 2023, indicating an increase of about 2.3% [271]. - The revenue from Canada decreased from $84.870 million in 2023 to $66.940 million in 2024, reflecting a decline of approximately 21.1% [271]. - The company reported a total of $426.722 million in revenue from the IHT segment for 2024, slightly down from $429.559 million in 2023, a decrease of about 0.7% [271]. - The MS segment generated $425.550 million in revenue for 2024, compared to $433.056 million in 2023, marking a decline of approximately 1.7% [271]. Financial Performance - Operating income improved by $23.4 million to $10.1 million in 2024, compared to a loss of $13.3 million in 2023, with IHT's operating income increasing by 52.8% [143]. - Net loss for 2024 was $38.3 million, a 49.5% improvement from a net loss of $75.7 million in 2023 [142]. - Adjusted Net Loss for the twelve months ended December 31, 2024, was $32,918,000, a decrease from $56,681,000 in 2023, representing a 42% improvement [157]. - Consolidated Adjusted EBITDA increased to $54,262,000 in 2024 from $42,502,000 in 2023, reflecting a 28% growth [157]. - Free Cash Flow for the twelve months ended December 31, 2024, was $13,302,000, compared to a negative $21,416,000 in 2023, indicating a significant turnaround [157]. - Total operating income, excluding non-core expenses, increased by $12.7 million from $3.0 million to $15.7 million [146]. - Corporate operating loss decreased by $11.1 million year over year, attributed to lower personnel and professional costs [143]. Tax and Interest Expenses - The provision for income tax was $3.3 million on a pre-tax loss of $35.0 million in 2024, compared to $4.6 million on a pre-tax loss of $71.1 million in 2023 [150]. - Interest expense decreased by $7.4 million to $47.8 million in 2024, primarily due to reduced accelerated amortization and changes in debt refinancing [147]. - Cash interest paid increased from $19.5 million in 2023 to $24.9 million in 2024 [148]. - The effective tax rate increased from 6.4% in 2023 to 9.4% in 2024 [288]. - The income tax provision for 2024 was $3,276,000 compared to $4,578,000 in 2023, a decrease of approximately 28.4% [288]. Cash Flow and Liquidity - As of March 17, 2025, the company had total liquidity of $26.2 million, including $10.1 million in cash and cash equivalents [173]. - For the year ended December 31, 2024, net cash provided by operating activities was $22.8 million, a significant improvement from a net cash used of $11.0 million in 2023, reflecting a favorable change of $33.8 million [177][178]. - Cash flows from operating activities generated $22,767 in 2024, a turnaround from cash used of $(10,986) in 2023 [216]. - Cash and cash equivalents as of December 31, 2024, totaled $35.5 million, slightly up from $35.4 million in 2023, with $5.1 million held in foreign accounts [175][176]. Assets and Liabilities - Total assets decreased to $528.4 million in 2024 from $565.7 million in 2023, reflecting a decline in current and non-current assets [206]. - The company's accumulated deficit increased to $415.7 million in 2024 from $377.4 million in 2023, indicating ongoing financial challenges [206]. - The current portion of long-term debt increased to $6.5 million in 2024 from $5.2 million in 2023, indicating a rise in short-term financial obligations [206]. - Total long-term debt and finance lease obligations as of December 31, 2024, were $325.1 million, an increase from $311.4 million in 2023 [297]. - The company has scheduled maturities of debt totaling $328.4 million for the years succeeding December 31, 2024 [297]. Inventory and Receivables - Trade accounts receivable decreased from $151,316,000 in 2023 to $145,743,000 in 2024, a decline of approximately 3.7% [273]. - Unbilled revenues decreased from $33,607,000 in 2023 to $30,173,000 in 2024, a decline of approximately 10.5% [273]. - Total inventory decreased from $38,853,000 in 2023 to $37,874,000 in 2024, a decline of approximately 2.5% [274]. - Prepaid expenses and other current assets decreased from $65,992,000 in 2023 to $58,643,000 in 2024, a decline of approximately 11.1% [275]. Debt and Financing - The company plans to engage in refinancing and/or extending the maturities of its existing indebtedness to improve liquidity [167]. - The actual interest rate for Revolving Credit Loans was 8.92% as of December 31, 2024, down from 10.11% in 2023 [305]. - The company recorded unrecognized tax benefits of $2.2 million as of December 31, 2024, which would affect the effective tax rate [295]. - The principal balance of the Incremental Term Loan is $46.627 million as of December 31, 2024, down from $48.052 million as of December 31, 2023, showing a decrease of approximately 3% [1]. Compliance and Governance - The company regained compliance with NYSE listing standards on March 14, 2025, after addressing previous deficiencies [140]. - The company is in compliance with its debt covenants as of December 31, 2024, indicating stable financial health [171].

Core Viewpoint - Team, Inc. reported significant improvements in its financial performance for the fourth quarter and full year of 2024, driven by operational and commercial initiatives that enhanced margins and cash flow generation [4][6][12]. Fourth Quarter 2024 Highlights - Revenues for Q4 2024 were $213.3 million, slightly down from $214.1 million in the prior year, with a 2.1% revenue growth in the U.S. offset by declines in other international regions [6][7]. - Gross margin increased to $57.3 million, representing 26.9% of revenue, up 330 basis points year-over-year [6][7]. - Adjusted EBITDA improved by 50.5% to $14.6 million, or 6.9% of consolidated revenue, compared to $9.7 million (4.5% of revenue) in Q4 2023 [6][9]. - The net loss for Q4 2024 was $7.2 million, an improvement of $15.9 million from the previous year [6][9]. Full Year 2024 Highlights - Total revenues for 2024 were $852.3 million, a slight decrease from $862.6 million in 2023, with U.S. revenue growth of 2.0% [10][12]. - Gross margin for the year improved to $223.2 million (26.2% of revenue), up from $211.2 million (24.5% of revenue) in 2023 [10][12]. - Adjusted EBITDA for the full year was $54.3 million (6.4% of revenue), a 27.7% increase from $42.5 million (4.9% of revenue) in 2023 [10][12]. - The net loss for 2024 was $38.3 million, a $37.5 million improvement over the net loss of $75.7 million in 2023 [10][12]. Operational and Financial Initiatives - The company generated $21.6 million in cash flow from operations in Q4 2024, a $10.5 million improvement over 2023, and $19.6 million in Free Cash Flow, up $11.5 million from the previous year [4][6]. - Cost optimization initiatives are expected to yield approximately $6 million in annualized savings in 2025 [4]. - The company anticipates mid-single-digit consolidated top line growth in 2025, with a target of at least 15% year-over-year growth in Adjusted EBITDA [4]. Segment Performance - In Q4 2024, the Industrial Heat Treating (IHT) segment generated revenues of $106.4 million, while the Mechanical Services (MS) segment brought in $106.9 million, reflecting slight declines in both segments compared to the previous year [16][40]. - Operating income for the IHT segment increased by 45.4% to $9.5 million, and the MS segment's operating income improved by 51.0% to $8.1 million [16][40]. Balance Sheet and Liquidity - As of December 31, 2024, the company had total liquidity of $77.4 million, including cash and cash equivalents of $31.5 million [22]. - Total debt increased to $325.1 million from $311.4 million at the end of 2023, with net debt at $289.6 million [23]. Refinancing Transaction - On March 13, 2025, the company successfully closed a refinancing transaction that extended term maturities to 2030 and reduced the blended interest rate by over 100 basis points [24].

Group 1 - Husqvarna Group announces the departure of General Counsel Brian Belanger and the appointment of Sophie Jonsson as his successor, effective May 31, 2025 [1][2] - Brian Belanger has served nearly two decades with Husqvarna Group, becoming General Counsel in 2015, and is leaving to pursue an external opportunity [2] - Sophie Jonsson has been with Husqvarna Group since 2010 and has served as Divisional General Counsel for the Husqvarna Forest & Garden Division since 2018, bringing extensive experience to her new role [2] Group 2 - CEO Pavel Hajman expressed gratitude for Brian Belanger's contributions to the Group, highlighting his impact on legal functions, strategy, operations, and culture [1] - Sophie Jonsson will join the Group Management team and report directly to the Group CEO, indicating a significant leadership transition within the company [2]

Core Viewpoint - Team, Inc. is set to release its fourth quarter and full year 2024 earnings on March 19, 2025, followed by a conference call on March 20, 2025, to discuss financial and operational results [1]. Company Overview - Team, Inc. is a global leader in providing specialty industrial services, offering a comprehensive suite of mechanical, heat-treating, and inspection services [3]. - The company operates in 13 countries, combining technological innovation with over a century of expertise in integrity and reliability management [3]. - The services provided by Team, Inc. enhance safety, reliability, and operational efficiency for critical assets of customers [3]. Conference Call Details - The conference call will take place on March 20, 2025, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) [1]. - Interested parties in the U.S. can join the call toll-free at (877) 270-2148, while international participants can dial (412) 902-6510 [2]. - The call will also be available via webcast on Team's website, with an audio replay accessible afterward [2].

Core Viewpoint - Health In Tech (Nasdaq: HIT) has announced key executive appointments aimed at driving growth, expanding market opportunities, and fostering innovation in the self-funded healthcare industry [1][2] Executive Appointments - Dustin Plantholt has been appointed Chief Growth Officer, effective March 2025, succeeding Glenn Hillyer, who will now serve as Senior Vice President of Sales Partner Relations [3][4] - Chris Kurtenbach has been appointed Chief Operating Officer, effective March 2025, previously serving as Senior Vice President of Operations [6][7] - Jonathan Del Lockett transitions to Chief Strategy Officer, focusing on new business development and market expansion [8][10] - Jenni Guerrica has been promoted to Chief Information Security Officer, effective March 2025, recognized for her leadership in cybersecurity and regulatory compliance [11][12] Leadership Experience - Dustin Plantholt brings over 20 years of experience in insurance and technology, having successfully built and exited multiple companies [4][5] - Chris Kurtenbach has over 30 years of experience in operations and customer service, with a strong focus on process improvement [6][7] - Jonathan Del Lockett's background includes managing general agency and captive health insurance, positioning him to enhance Health In Tech's market strategy [10] - Jenni Guerrica has over 20 years of cybersecurity experience, with a focus on regulatory compliance and security architecture [12] Company Overview - Health In Tech is an Insurtech platform company leveraging third-party AI technology to streamline processes in the healthcare industry through vertical integration and automation [14]

Lowers Cost of Capital and Terms Out MaturitiesSUGAR LAND, Texas, March 13, 2025 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today announced that it has successfully closed on a refinancing transaction (the “Transaction”) that lowers the Company’s cost of capital and terms out its capit ...

ATLANTA, March 11, 2025 (GLOBE NEWSWIRE) -- Cargo theft across the United States and Canada reached unprecedented levels in 2024. To help combat this dangerous trend, GearTrack, an intelligent supply chain management solution specializing in real-time asset monitoring and protection, and CargoNet, a Verisk (Nasdaq: VRSK) business and the nation’s leader in cargo theft recovery, intelligence, and analytics, announced a strategic collaboration today. This offering introduces a robust new layer of protection f ...