The Glimpse (VRAR)

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Regency Centers: A Glimpse At The Future Of Shopping Centers
Seeking Alpha· 2025-08-14 15:34
Regency Centers (NASDAQ:REG) is a large cap shopping center REIT. It has long been a strong operator but has also consistently traded at a premium to the sector, which has largely kept us uninterested in the name. However, a bumper 2nd quarter report caught our attention so we are adding REG to our coverage. Shopping centers, as a sector, have had multiple strong quarters in a row on the leasing front. New leases are consistently being signed well above expiring rent, but it hasn’t really translated to part ...
The Glimpse Group Provides Preliminary Unaudited Q4 Fiscal Year '25 Results: 100% Organic Revenue Growth ($3.5MM) And Positive EBITDA
Globenewswire· 2025-07-15 09:00
Core Insights - The Glimpse Group, Inc. reported preliminary financial results for Q4 FY'25, indicating significant revenue growth driven by its Department of Defense contracts [1][4]. Financial Performance - Total revenues for Q4 FY'25 are expected to be approximately $3.50 million, marking a 100% increase from $1.73 million in Q4 FY'24 and a 150% increase from $1.42 million in Q3 FY'25 [2]. - Adjusted EBITDA for Q4 FY'25 was positive, contrasting with an Adjusted EBITDA loss of approximately -$1.1 million in Q4 FY'24 [2]. Cash Position - As of June 30, 2025, the company's cash and equivalents stood at approximately $6.85 million, with a clean capital structure that includes no debt, convertible debt, or preferred equity [3]. Business Commentary - The President & CEO highlighted that Q4 FY'25 revenue was the highest in over two years, driven entirely by organic growth from Spatial Core's contracts [4].
Magnificent 7 Shareholder Meetings to Provide Glimpse of Economy
See It Market· 2025-05-22 13:35
Macro Economic Overview - The US unemployment rate remains steady around 4.2%, with average hourly earnings decreasing to 3.8% year-on-year [2] - Recent CPI inflation data from February to April has been largely below estimates, indicating a cooling economic environment [2] - The latest Retail Sales report did not raise recession concerns, and upcoming PCE Price Index data may not fully reflect tariff impacts [3] Shareholder Meetings and Company Updates - Several key shareholder meetings for the Magnificent Seven companies are scheduled, including JPMorgan Chase on May 20 and Amazon on May 21 [6][10] - Amazon's shares rose over 8% following tariff rollbacks, although the company announced a small workforce reduction [10][11] - Meta Platforms is set to hold its AGM on May 28, having reported a 35% profit increase in Q1 and solid guidance for the year [12][13] - Netflix shares have increased by 29% year-to-date, with significant growth in its ad tier user base [14] - Alphabet has faced challenges despite a strong Q1 report, with its stock down over 10% in 2025 [15] Investment Banking and Market Trends - The financial sector is experiencing both challenges and opportunities, highlighted by a successful IPO from eToro and upgrades for KKR and Carlyle [7][8] - NVIDIA has seen a stock increase of over 50% since April, benefiting from recent deals in Saudi Arabia [17][18] - The overall Q1 earnings season has been strong, but the macro outlook remains uncertain, making upcoming shareholder meetings critical for investors [19][20]
The Glimpse (VRAR) - 2025 Q3 - Earnings Call Transcript
2025-05-15 14:02
Financial Data and Key Metrics Changes - Q3 fiscal year 2025 revenue was approximately $1.4 million, a 25% decrease compared to $1.9 million in Q3 fiscal year 2024, primarily due to revenue recognition timing [9] - Gross margin for Q3 fiscal year 2025 was approximately 72%, up from 70% in Q3 fiscal year 2024, with expectations for future gross margins to be in the 65% to 75% range [10] - Net operating cash provided for operations in Q3 fiscal year 2025 was a positive cash gain of approximately $130,000, compared to a net operating cash loss of approximately $920,000 in Q3 fiscal year 2024 [11] - The company's cash and equivalents position as of March 31, 2025, was approximately $7 million, with no debt or convertible debt [12] Business Line Data and Key Metrics Changes - SpatialCore, led by BrightLine Interactive, is a significant growth driver, with a $4 million Department of Defense contract expected to be delivered [6] - Hotel Reality entered into several contracts for its AI-driven immersive training product, while Sector Five Digital secured follow-on agreements with major companies [7] - Glimpsed Lens's Snap revenues grew significantly from the prior quarter, and Glimps Learning entered into multiple software license contracts in healthcare and education [8] Market Data and Key Metrics Changes - The U.S. government's continuing resolution and lack of a federal budget for 2025 have delayed potential awards for multiple government and DoD opportunities, but the company remains well-positioned for future contracts [7] Company Strategy and Development Direction - The company is focused on leveraging its SpatialCore technology to capitalize on immersive opportunities, with a strong emphasis on cost control and operational efficiency [5][13] - The company may utilize its $2 million common share buyback plan to protect its stock value if circumstances warrant [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming quarter, expecting it to be the highest revenue quarter in the past two fiscal years, driven by strong demand in the enterprise segment [4] - The company anticipates a revenue range of $10 million to $11 million for fiscal year 2025, representing a 15% to 25% increase despite divestments [10] Other Important Information - The company has maintained a clean capital structure with no debt, convertible debt, or preferred equity, positioning itself for future growth [12] Q&A Session Summary - There were no questions from the phone lines during the Q&A session, and the management thanked participants for their interest and support [16][17]
The Glimpse (VRAR) - 2025 Q3 - Earnings Call Transcript
2025-05-15 14:00
Financial Data and Key Metrics Changes - Q3 fiscal year 2025 revenue was approximately $1.4 million, a 25% decrease compared to $1.9 million in Q3 fiscal year 2024, primarily due to revenue recognition timing [9] - Gross margin for Q3 fiscal year 2025 was approximately 72%, up from 70% in Q3 fiscal year 2024, with expectations for future gross margins to be in the 65% to 75% range [10] - Net operating cash provided for operations in Q3 fiscal year 2025 was approximately $130,000, a significant improvement from a net operating cash loss of approximately $920,000 in Q3 fiscal year 2024 [11] - The company expects Q4 fiscal year 2025 revenues to be in the range of $3.2 million to $3.8 million, indicating a profitable quarter [10] Business Line Data and Key Metrics Changes - SpatialCore, led by BrightLine Interactive, is a key growth driver, with a $4 million Department of Defense contract expected to be delivered this month [6] - Hotel Reality has entered into several contracts for its AI-driven immersive training product, while Sector Five Digital has secured follow-on agreements with major companies [7] - Glimpsed Lens's Snap revenues grew significantly from the prior quarter, and Glimps Learning entered into multiple software license contracts in healthcare and education [8] Market Data and Key Metrics Changes - The US government's continuing resolution and lack of a federal budget for 2025 have delayed potential awards for multiple government and DoD opportunities, but the company remains well-positioned for future contracts [7] - Despite a strong pipeline of revenues across various business segments, there is a disconnect between the company's intrinsic value and its current public valuation [8] Company Strategy and Development Direction - The company is focused on capitalizing on immersive opportunities, with a solid balance sheet and profitable operations [13] - The strategic emphasis on SpatialCore and AI-driven solutions is expected to drive future growth [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming quarter, anticipating it may be the highest revenue quarter in the past two fiscal years [4] - The company is positioned to confirm additional seven-figure Special Core opportunities in the coming months [7] - Management acknowledged the need for patience as SpatialCore continues to develop [13] Other Important Information - The company maintains a clean capital structure with no debt, convertible debt, or preferred equity, and had approximately $7 million in cash and equivalents as of March 31, 2025 [12] Q&A Session Summary - There were no questions from the phone lines or written questions during the Q&A session, and the call concluded without addressing any inquiries [16][17]
The Glimpse (VRAR) - 2025 Q3 - Quarterly Report
2025-05-15 12:35
PART I - FINANCIAL INFORMATION [Financial Statements (Unaudited)](index=3&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS%20(Unaudited)) The unaudited condensed consolidated financial statements for the period ended March 31, 2025, show a significant increase in cash and cash equivalents to $7.06 million, primarily due to financing activities [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2025, total assets increased to **$20.2 million** from **$15.6 million**, driven by a rise in cash and cash equivalents from **$1.8 million** to **$7.1 million**, while total liabilities decreased, leading to increased stockholders' equity Condensed Consolidated Balance Sheet Highlights (in USD) | Balance Sheet Item | March 31, 2025 (Unaudited) | June 30, 2024 (Audited) | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $7,058,020 | $1,848,295 | | Total current assets | $8,988,564 | $3,520,289 | | Goodwill | $10,857,600 | $10,857,600 | | **Total assets** | **$20,244,730** | **$15,558,603** | | **Liabilities & Equity** | | | | Total current liabilities | $3,497,372 | $2,427,598 | | Total liabilities | $3,516,823 | $4,020,118 | | Total stockholders' equity | $16,727,907 | $11,538,485 | | **Total liabilities and stockholders' equity** | **$20,244,730** | **$15,558,603** | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the three months ended March 31, 2025, revenue decreased to **$1.42 million** with a net loss of **$1.50 million**, while the nine-month revenue remained flat at **$7.03 million** with a slight increase in net loss to **$2.49 million** Operating Results (in USD) | Metric | Q3 FY2025 (3 months ended Mar 31, 2025) | Q3 FY2024 (3 months ended Mar 31, 2024) | Nine Months FY2025 (ended Mar 31, 2025) | Nine Months FY2024 (ended Mar 31, 2024) | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | **$1,422,235** | **$1,895,643** | **$7,029,538** | **$7,076,948** | | Software services | $1,283,287 | $1,466,397 | $6,641,652 | $6,510,740 | | Software license/SaaS | $138,948 | $429,246 | $387,886 | $566,208 | | **Gross Profit** | **$1,020,026** | **$1,326,182** | **$4,968,019** | **$4,670,469** | | **Loss from operations** | **($1,584,663)** | **($1,603,307)** | **($2,610,208)** | **($2,586,600)** | | **Net Loss** | **($1,502,202)** | **($1,542,256)** | **($2,490,522)** | **($2,400,066)** | | **Basic and Diluted EPS** | **($0.07)** | **($0.09)** | **($0.13)** | **($0.15)** | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the nine months ended March 31, 2025, net cash used in operating activities significantly improved to **($0.13 million)**, with net cash provided by financing activities of **$6.88 million**, resulting in a **$5.21 million** net increase in cash Cash Flow Summary (Nine Months Ended March 31, in USD) | Cash Flow Activity | 2025 | 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | ($126,134) | ($4,282,895) | | Net cash used in investing activities | ($1,541,453) | ($19,346) | | Net cash provided by financing activities | $6,877,312 | $2,968,501 | | **Net change in cash and cash equivalents** | **$5,209,725** | **($1,333,740)** | | **Cash and cash equivalents, end of period** | **$7,058,020** | **$4,285,343** | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail the company's immersive technology business, liquidity, accounting policies, and significant events including subsidiary divestitures and a **$6.79 million** financing agreement - The company is an Immersive technology company providing Virtual Reality (VR), Augmented Reality (AR), and Spatial Computing software and services[27](index=27&type=chunk) - In December 2024 and January 2025, the company raised approximately **$6.79 million** in net cash proceeds from a Securities Purchase Agreement (SPA)[29](index=29&type=chunk)[30](index=30&type=chunk) - Effective October 1, 2024, the company divested its subsidiary QReal and Glimpse Turkey in a management buyout, retaining revenue from QReal's largest customer up to a **$1.35 million** milestone[71](index=71&type=chunk)[73](index=73&type=chunk) - As of March 31, 2025, the company had approximately **$3.34 million** in unfulfilled performance obligations on executed contracts[65](index=65&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's strategic shift to 'Spatial Core' technologies, stable revenue, decreased operating expenses, and improved liquidity driven by a **$6.79 million** financing, leading to a reduced Adjusted EBITDA loss [Overview](index=28&type=section&id=Overview) The company operates as an enterprise-focused Immersive technology provider, initiating a strategic shift in fiscal year 2024 to prioritize 'Spatial Core' solutions integrating Spatial Computing, Cloud, and AI - The company is an Immersive technology company focused on enterprise VR, AR, and Spatial Computing software and services[143](index=143&type=chunk) - A strategic shift in FY2024 focuses the business on 'Spatial Core' solutions, integrating Spatial Computing, Cloud, and Artificial Intelligence (AI)[146](index=146&type=chunk) [Results of Operations](index=30&type=section&id=Results%20of%20Operations) For the nine months ended March 31, 2025, total revenue was flat at **$7.03 million**, gross profit increased by **6%** to **$4.97 million** with a **71%** gross margin, and operating expenses decreased by **30%** (excluding impairments and fair value changes) Revenue by Category (Nine Months Ended March 31, in millions USD) | Category | 2025 | 2024 | Change $ | Change % | | :--- | :--- | :--- | :--- | :--- | | Software Services | $6.64 | $6.51 | $0.13 | 2% | | Software License/SaaS | $0.39 | $0.57 | ($0.18) | -32% | | **Total Revenue** | **$7.03** | **$7.08** | **($0.05)** | **-1%** | - Gross profit margin for the nine months ended March 31, 2025, increased to **71%** from 66% in the prior year, reflecting a revenue mix with less third-party costs[159](index=159&type=chunk) - Operating expenses, excluding impairments and fair value changes, decreased by **30%** for the nine months ended March 31, 2025, compared to the prior year, reflecting the strategic shift and divestitures[160](index=160&type=chunk)[161](index=161&type=chunk) - Customer concentration remains high, with two customers accounting for **58%** of total gross revenues during the nine months ended March 31, 2025[158](index=158&type=chunk) [Non-GAAP Financial Measures](index=34&type=section&id=Non-GAAP%20Financial%20Measures) The company uses Adjusted EBITDA to evaluate core operating performance, with the loss significantly improving to **$1.22 million** for the nine months ended March 31, 2025, from **$3.50 million** in the prior year Reconciliation of Net Loss to Adjusted EBITDA (in millions USD) | Metric | Nine Months Ended Mar 31, 2025 | Nine Months Ended Mar 31, 2024 | | :--- | :--- | :--- | | Net loss | $(2.49) | $(2.40) | | Depreciation and amortization | $0.39 | $1.04 | | EBITDA loss | $(2.10) | $(1.36) | | Stock based compensation expenses | $0.71 | $1.83 | | Loss on subsidiary divestiture | $0.11 | - | | Non cash change in fair value of acquisition contingent consideration | $0.09 | $(4.32) | | Intangible asset and goodwill impairment | - | $0.90 | | **Adjusted EBITDA loss** | **$(1.22)** | **$(3.50)** | [Liquidity and Capital Resources](index=35&type=section&id=Liquidity%20and%20Capital%20Resources) As of March 31, 2025, cash and cash equivalents increased to **$7.06 million**, driven by **$6.88 million** from financing activities, with net cash used in operating activities improving by **97%** to **($0.13 million)** - Cash and cash equivalents stood at **$7.06 million** as of March 31, 2025[179](index=179&type=chunk) - Net cash used in operating activities for the nine months ended March 31, 2025, improved by **97%** to **($0.13 million)** from ($4.28 million) in the prior-year period[175](index=175&type=chunk)[176](index=176&type=chunk) - The company raised approximately **$6.88 million** from financing activities during the nine months ended March 31, 2025[178](index=178&type=chunk) - As of March 31, 2025, the company had no outstanding debt obligations[180](index=180&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=36&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) This disclosure is not required for smaller reporting companies - Not required for smaller reporting companies[183](index=183&type=chunk) [Controls and Procedures](index=36&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of March 31, 2025, with no material changes in internal control over financial reporting during the quarter - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the period covered by the report[185](index=185&type=chunk) - There were no changes in internal control over financial reporting during the quarter that materially affected, or are reasonably likely to materially affect, internal controls[187](index=187&type=chunk) PART II - OTHER INFORMATION [Legal Proceedings](index=37&type=section&id=ITEM%201.%20LEGAL%20PROCEEDINGS) The company reported no legal proceedings - None[189](index=189&type=chunk) [Risk Factors](index=37&type=section&id=ITEM%201A.%20RISK%20FACTORS) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the fiscal year ended June 30, 2024 - There have been no material changes to the risks described in the Annual Report on Form 10-K for the fiscal year ended June 30, 2024[190](index=190&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=37&type=section&id=ITEM%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) During the three months ended March 31, 2025, the company issued **11,750 shares** of common stock for compensation and vendor expenses, valued at **$29,023**, exempt from registration under Section 4(a)(2) of the Securities Act - During the three months ended March 31, 2025, the Company issued **11,750 shares** of common stock for compensation and vendor expenses with a value of **$29,023**[191](index=191&type=chunk) [Exhibits](index=38&type=section&id=ITEM%206.%20EXHIBITS) The report includes several exhibits, primarily certifications from the Principal Executive Officer and Principal Financial Officer as required by the Exchange Act, and Inline XBRL documents - Filed exhibits include CEO and CFO certifications (31.1, 31.2, 32.1) and Inline XBRL data files (101 series)[197](index=197&type=chunk)
The Glimpse (VRAR) - 2025 Q3 - Quarterly Results
2025-05-15 12:35
[Financial & Operational Highlights](index=1&type=section&id=Financial%20%26%20Operational%20Highlights) The company shows improved cash flow and strong future guidance despite a Q3 revenue dip, supported by strategic contracts [Financial Summary](index=1&type=section&id=Financial%20Summary) Q3 FY'25 revenue decreased **25%** to **$1.4 million**, yet the company achieved positive operating cash flow and strengthened its cash position to **$7.0 million** with no debt Q3 FY'25 Financial Performance | Metric | Q3 FY'25 | Q3 FY'24 | Change | | :--- | :--- | :--- | :--- | | Revenue | ~$1.4M | ~$1.9M | -25% | | Gross Margin | ~72% | 70% | +2 p.p. | Nine-Month FY'25 Financial Performance | Metric | Nine Months FY'25 | Nine Months FY'24 | Change | | :--- | :--- | :--- | :--- | | Revenue | ~$7.0M | ~$7.0M | Flat | - The company achieved its second consecutive quarter of **positive cash flow from operations**, with a gain of approximately **$0.13 million** in Q3 FY'25, compared to a loss of **$0.92 million** in Q3 FY'24 For the nine-month period, the net operating cash loss was reduced to approximately **$0.13 million** from **$4.3 million** in the prior year[3](index=3&type=chunk) - As of March 31, 2025, the company's cash and equivalents stood at approximately **$7.0 million**, with an additional **$0.65 million** in accounts receivable The capital structure remains clean with **no debt**, convertible debt, or preferred equity[3](index=3&type=chunk) [Forward-Looking Guidance and Strategy](index=1&type=section&id=Forward-Looking%20Guidance%20and%20Strategy) The company projects strong Q4 FY'25 revenues of **$3.2-3.8 million** and full-year revenues of **$10-11 million**, aiming for profitability and considering share buybacks Revenue Guidance | Period | Revenue Guidance | | :--- | :--- | | Q4 FY'25 | $3.2 - $3.8 million | | Full Year FY'25 | $10 - $11 million (15-25% YoY growth) | - A new **seven-figure Spatial Core deal** has been officially confirmed and is expected to be signed in the coming weeks The company anticipates confirming additional similar deals in the coming months, despite delays from the U.S Government's budget process[3](index=3&type=chunk) - Management believes the company's stock is **undervalued** and may use its untapped **$2 million common share buyback plan** if warranted[3](index=3&type=chunk) [Recent Business Updates](index=2&type=section&id=Recent%20Business%20Updates) The company's subsidiaries secured significant contracts and achieved key milestones, demonstrating broad-based business momentum [Subsidiary Performance and Key Contracts](index=2&type=section&id=Subsidiary%20Performance%20and%20Key%20Contracts) Glimpse's subsidiaries secured significant contracts and achieved key milestones, including BLI's DoD contract and US Navy simulator delivery, demonstrating broad business momentum - BLI is expected to deliver its **$4 million+ Department of Defense (DoD) contract**, positioning Spatial Core as an operating system for spatial computing It also successfully delivered its **first full-motion Immersive Simulator System** to the US Navy[9](index=9&type=chunk) - Sector 5 Digital secured **follow-on agreements** with **major clients** including Halliburton, Ecolab, Galderma, Walmart, and AT&T[9](index=9&type=chunk) - Foretell Reality entered **new contracts** for its AI-driven immersive training, Glimpse Lenses' Snap revenues grew **significantly**, and Glimpse Learning signed **multiple software license contracts** in healthcare and education[9](index=9&type=chunk) [Financial Statements](index=4&type=section&id=Financial%20Statements) The financial statements reflect a strengthened balance sheet with increased cash and equity, improved operating cash flow, and reduced net losses [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet as of March 31, 2025, shows a significant increase in cash to **$7.1 million** and total stockholders' equity to **$16.7 million**, with reduced liabilities Condensed Consolidated Balance Sheets (USD) | Balance Sheet Item | March 31, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $7,058,020 | $1,848,295 | | Total Assets | $20,244,730 | $15,558,603 | | Total Liabilities | $3,516,823 | $4,020,118 | | Total Stockholders' Equity | $16,727,907 | $11,538,485 | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q3 FY'25 revenue was **$1.4 million** with a **$1.5 million** net loss, while nine-month revenue remained flat at **$7.0 million** with a **$2.5 million** net loss Condensed Consolidated Statements of Operations (Three Months Ended March 31, USD) | For the Three Months Ended March 31 | 2025 | 2024 | | :--- | :--- | :--- | | Total Revenue | $1,422,235 | $1,895,643 | | Gross Profit | $1,020,026 | $1,326,182 | | Net Loss | $(1,502,202) | $(1,542,256) | | Basic and Diluted Net Loss per Share | $(0.07) | $(0.09) | Condensed Consolidated Statements of Operations (Nine Months Ended March 31, USD) | For the Nine Months Ended March 31 | 2025 | 2024 | | :--- | :--- | :--- | | Total Revenue | $7,029,538 | $7,076,948 | | Gross Profit | $4,968,019 | $4,670,469 | | Net Loss | $(2,490,522) | $(2,400,066) | | Basic and Diluted Net Loss per Share | $(0.13) | $(0.15) | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities dramatically improved to **($0.13 million)** for the nine months ended March 31, 2025, with financing activities providing **$6.88 million** Condensed Consolidated Statements of Cash Flows (Nine Months Ended March 31, USD) | For the Nine Months Ended March 31 | 2025 | 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | $(126,134) | $(4,282,895) | | Cash used in investing activities | $(1,541,453) | $(19,346) | | Net cash provided by financing activities | $6,877,312 | $2,968,501 | | **Net change in cash** | **$5,209,725** | **$(1,333,740)** | [Non-GAAP Reconciliation (Adjusted EBITDA)](index=7&type=section&id=Non-GAAP%20Reconciliation%20(Adjusted%20EBITDA)) Adjusted EBITDA loss significantly reduced to **($1.22 million)** for the nine months ended March 31, 2025, reflecting successful cost reduction efforts Adjusted EBITDA Reconciliation (Three Months Ended March 31) | (in millions) | Three Months Ended Mar 31, 2025 | Three Months Ended Mar 31, 2024 | | :--- | :--- | :--- | | Net Loss | $(1.50) | $(1.54) | | **Adjusted EBITDA loss** | **$(1.04)** | **$(0.89)** | Adjusted EBITDA Reconciliation (Nine Months Ended March 31) | (in millions) | Nine Months Ended Mar 31, 2025 | Nine Months Ended Mar 31, 2024 | | :--- | :--- | :--- | | Net Loss | $(2.49) | $(2.40) | | **Adjusted EBITDA loss** | **$(1.22)** | **$(3.50)** |
A Glimpse at Trump's 100 Days in Office: ETF Winners & Losers
ZACKS· 2025-04-30 14:30
Economic Impact - President Trump's return to the White House in January 2025 has led to significant economic policy changes, resulting in historic levels of uncertainty and market volatility for investors [1] - The U.S. stock market experienced its worst performance in the first 100 days of any presidential term since 1974, with the S&P 500 losing 7.3%, equating to a market value loss of $3.66 trillion [2] - Consumer confidence has declined, inflation expectations have risen, and tourism has sharply decreased, indicating a broader economic slowdown [3] Market Performance - The S&P 500 fell into correction territory by March, with a notable decline following the announcement of new tariffs, leading to a 9.5% drop in the Dow Jones over two days [5] - Despite some recovery, the market remains volatile, with the Dow Jones and S&P 500 registering consecutive winning sessions [6] Sector Analysis - The "Magnificent Seven" tech stocks have significantly underperformed, with Apple down 15.7%, NVIDIA down 18.8%, and Tesla down 27.7% [7] - The trade tariff disputes have driven demand for gold, with the Sprott Gold Miners ETF up 36.8% as investors seek safe-haven assets [12] Policy Changes - President Trump issued approximately 140 executive orders in his first 100 days, focusing on immigration, education, and federal regulations, a pace not seen since Franklin D. Roosevelt [8] - The introduction of a 10% tariff on all imports and specific levies up to 145% on Chinese goods has sparked global trade tensions, although there are signs of potential easing [9][10] ETF Performance - Volatility ETFs like iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) have surged by 48% amid market uncertainty [11] - Conversely, ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ) has seen a decline of 42.8%, reflecting investor caution [14]
Trip.com: Labor Day Surge Gives A Glimpse Into Its Growth Trajectory
Seeking Alpha· 2025-04-30 10:40
Group 1 - Trip.com (NASDAQ: TCOM) reported a 173% increase in inbound tourism orders for the upcoming Labor Day holiday compared to the previous year, indicating a positive trend for the company [1] Group 2 - Astrada Advisors specializes in investment research across technology, media, internet, and consumer sectors in North America and Asia, focusing on identifying high-potential investments and navigating complex industries [1] - The research provided by Astrada Advisors integrates fundamental analysis with data-driven insights, offering a comprehensive view of industry dynamics and key trends [1]
AI Super Apps and What Comes Next: A Glimpse into the Future at 36Kr's 2025 AI Partner Conference
GlobeNewswire News Room· 2025-04-23 10:00
Core Insights - 36Kr Holdings Inc. hosted the "2025 AI Partner Conference" focusing on AI-powered super applications and scenario-based innovation, featuring prominent speakers from academia and industry [1][2] - The conference included discussions on emerging dynamics in the AI era and the potential of next-generation AI applications, with segments dedicated to identifying future super apps [2] - 36Kr introduced the "2025 AI-Native Application Innovation Cases" and "2025 AI Partner Innovation Awards" to recognize outstanding AI applications across various sectors, emphasizing AI's role in driving industry transformation [3] Company Overview - 36Kr Holdings Inc. is a leading platform serving New Economy participants in China, providing high-quality content and business services to meet the evolving needs of both new and traditional companies [5] - The company leverages a comprehensive database and strong data analytics capabilities to capture growth potential in China's New Economy [5] Future Initiatives - Following the conference, 36Kr aims to empower transformative AI companies in China through the "Disruptor Initiative," which will identify and support enterprises with disruptive potential [4] - The initiative will integrate global resources and foster collaboration between industry and academia to enhance the global presence of Chinese technology [4]