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Northrim Banp(NRIM) - 2025 Q4 - Annual Results
2026-01-23 15:27
Exhibit 99.1 Contact: Mike Huston, President and CEO (907) 261-8750 Jed Ballard, Chief Financial Officer (907) 261-3539 NEWS RELEASE Northrim BanCorp Earns $12.4 Million, or $0.55 Per Diluted Share, in Fourth Quarter 2025, and $64.6 Million, or $2.87 Per Diluted Share, for the Year Ended December 31, 2025 ANCHORAGE, Alaska - January 23, 2026 - Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $12.4 million, or $0.55 per diluted share, in the fourth quarter of 20 ...
TE Connectivity(TEL) - 2026 Q1 - Quarterly Report
2026-01-23 14:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended December 26, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 001-33260 (Commission File Number) TE CONNECTIVITY PLC (Exact name of registrant as specified in its charter) Ireland (Jurisdiction of Incorporation) 98-1779916 (I.R.S. ...
rtside (PODC) - 2026 Q3 - Quarterly Results
2026-01-23 14:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 23, 2026 PODCASTONE, INC. (Exact name of registrant as specified in its charter) Delaware 001-41795 35-2503373 (State or other jurisdiction of incorporation) (Address of principal executive offices) (Zip Code) (310) 858-0888 (Registrant's telephone number, including area code) n/a (Form ...
LATCH(LTCH) - 2025 Q2 - Quarterly Report
2026-01-23 14:06
Financial Performance - Software revenue for Q2 2025 was $5,244,000, a 4.4% increase from $5,022,000 in Q2 2024[145] - Total revenue for Q2 2025 reached $19,055,000, representing a 47.3% increase from $12,938,000 in Q2 2024[145] - Net loss for Q2 2025 improved to $(7,849,000), a 53.7% reduction from $(16,937,000) in Q2 2024[145] - Adjusted EBITDA for Q2 2025 was $(5,689,000), a 24.3% improvement from $(7,519,000) in Q2 2024[145] - Total revenue for the first half of 2025 was $34,829,000, a 39.5% increase from $24,973,000 in the same period of 2024[146] - Net loss for the first half of 2025 was $(19,099,000), a 37.5% improvement from $(30,574,000) in the first half of 2024[146] - Total revenue increased by $6.1 million (47.3%) for the three months ended June 30, 2025, compared to the same period in 2024, primarily driven by a $5.6 million increase in professional services revenue[173] - Net loss for the three months ended June 30, 2025, was $7.8 million, a 53.7% improvement from a net loss of $16.9 million in 2024[171] - Total revenue for the six months ended June 30, 2025, was $34.8 million, a 39.5% increase from $25.0 million in 2024[180] Professional Services - Professional services revenue is generated through project-based hardware installation, technology services, and property management services[155] - Professional services revenue for the three months ended June 30, 2025, was $7.9 million, a 238.4% increase from $2.3 million in 2024[171] - Professional services revenue for the six months ended June 30, 2025, increased by $9.8 million (208.7%) compared to the same period in 2024[182] Operating Expenses - Total operating expenses decreased by $7.9 million (33.5%) for the three months ended June 30, 2025, compared to the same period in 2024[171] - Research and development expenses increased by $1.5 million (51.5%) for the three months ended June 30, 2025, compared to the same period in 2024[175] - Sales and marketing expenses increased by $1.9 million (84.3%) for the three months ended June 30, 2025, compared to the same period in 2024[176] - General and administrative expenses decreased by $10.9 million (65.0%) for the three months ended June 30, 2025, compared to the same period in 2024[177] - Research and development expenses increased by $2.9 million for the six months ended June 30, 2025, primarily due to a $1.6 million increase in third-party expenses and a $1.0 million increase in compensation expenses[184] - Sales and marketing expenses rose by $3.0 million for the six months ended June 30, 2025, mainly driven by a $2.1 million increase in compensation expenses and a $0.5 million increase in digital marketing expenses[185] - General and administrative expenses decreased by $14.9 million for the six months ended June 30, 2025, due to reductions in legal fees, RSU expenses, and consulting fees[186] Cash Flow and Financing - As of June 30, 2025, the company's unrestricted cash and cash equivalents were approximately $50.4 million, with an additional $31.8 million in net inventory[190][191] - Net cash used in operating activities decreased by $21.2 million for the six months ended June 30, 2025, compared to the same period in 2024[203] - Net cash provided by investing activities decreased by $58.8 million for the six months ended June 30, 2025, primarily due to the use of investment proceeds to fund operating losses[206] - Net cash used in financing activities decreased by $21.4 million for the six months ended June 30, 2025, reflecting a significant reduction in repayments compared to the previous year[207] - The company entered into a loan agreement for a principal amount of $6.0 million, with interest payable at a rate equal to the greater of the prime rate or 6.0%[198] - The company expects to use its current cash and cash equivalents to fund operational cash requirements for at least 12 months from the date of the report[196] Product and Service Expansion - The company is expanding its DOOR Platform to include broader smart home solutions, integrating devices such as sensors, thermostats, and lighting[139] - The company operates a nationwide network of technicians through HelloTech, providing on-demand technical services and home services[142]
NeoVolta(NEOV) - 2026 Q2 - Quarterly Results
2026-01-23 13:01
Exhibit 10.1 SECURITIES PURCHASE AGREEMENT This SECURITIES PURCHASE AGREEMENT (the "Agreement"), dated as of January 22, 2026 (the "Effective Date"), is by and among NeoVolta, Inc., a Delaware corporation (the "Company") and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a "Purchaser" and collectively the "Purchasers"). "Affiliate" means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under c ...
Sanara MedTech(SMTI) - 2025 Q4 - Annual Results
2026-01-23 12:45
Exhibit 99.1 Sanara MedTech Inc. Reports Unaudited Preliminary Financial Results for the Fourth Quarter and Full Year 2025; Introduces Full Year 2026 Financial Guidance FORT WORTH, TX, January 23, 2026 (GLOBE NEWSWIRE) – Sanara MedTech Inc. ("Sanara MedTech," "Sanara," the "Company," "we," "our" or "us") (Nasdaq: SMTI), a medical technology company focused on developing and commercializing transformative technologies to improve clinical outcomes and reduce healthcare expenditures in the surgical market, tod ...
Webster Financial (WBS) - 2025 Q4 - Annual Results
2026-01-23 12:34
WEBSTER REPORTS FOURTH QUARTER 2025 EPS OF $1.55; ADJUSTED EPS OF $1.59 STAMFORD, Conn., January 23, 2026 - Webster Financial Corporation ("Webster") (NYSE: WBS), the holding company for Webster Bank, N.A., today announced net income applicable to common stockholders of $248.7 million, or $1.55 per diluted share, for the quarter ended December 31, 2025, compared to $171.8 million, or $1.01 per diluted share, for the quarter ended December 31, 2024. Exhibit 99.1 Fourth quarter 2025 results include gains on d ...
NextCure(NXTC) - 2025 Q4 - Annual Results
2026-01-23 12:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 23, 2026 NextCure, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of 001-38905 (Commission File Number) 47-5231247 (IRS Employer Identification No.) 9000 Virginia Manor Road, Suite 200 Beltsville, Maryland 20705 (Address of principal (Z ...
Schlumberger(SLB) - 2025 Q4 - Annual Results
2026-01-23 12:06
Financial Performance - Fourth-quarter revenue of $9.75 billion increased 9% sequentially and 5% year on year[2] - Fourth-quarter GAAP EPS of $0.55 increased 10% sequentially but decreased 29% year on year[2] - Fourth-quarter net income attributable to SLB of $824 million increased 12% sequentially but decreased 25% year on year[2] - Full-year revenue of $35.71 billion decreased 2% year on year[2] - Full-year net income attributable to SLB of $3.37 billion decreased 24% year on year[2] - Total revenue for SLB in 2025 was $35.7 billion, a decrease of 2% compared to $36.3 billion in 2024[10] - SLB reported Q4 2025 revenue of $9,745 million, a 5% increase from $9,284 million in Q4 2024[57] - Net income attributable to SLB for Q4 2025 was $824 million, down 25% from $1,095 million in Q4 2024[57] - SLB's total revenue for the twelve months ended December 31, 2025, was $35,708 million, a decrease of 1.6% compared to $36,289 million in 2024[57] - Net income for the twelve months ended December 31, 2025, was $4,291 million, a decrease from $5,672 million in the previous year, representing a decline of 24.4%[66] Cash Flow and Dividends - Full-year cash flow from operations was $6.49 billion and free cash flow was $4.11 billion[2] - SLB generated $6.5 billion in cash flow from operations and $4.1 billion in free cash flow in 2025, returning $4.0 billion to shareholders[16][22] - Free cash flow for the fourth quarter of 2025 was $2,289 million, compared to $3,005 million in the previous quarter, reflecting a decrease of 23.8%[62] - Cash flow from operations for the twelve months ended December 31, 2025, was $6,489 million, slightly down from $6,602 million in the previous year[62] - The board approved a 3.5% increase in quarterly cash dividend to $0.295 per share[2] - The company paid dividends totaling $426 million in the fourth quarter of 2025, compared to $1,602 million in the previous quarter[62] Revenue Segmentation - Digital segment revenue increased 25% sequentially and 13% year on year, reflecting strong growth[6] - Digital revenue increased by 9% year-on-year to $2.66 billion, with an adjusted EBITDA margin of 34.9%[10][20] - Production Systems revenue grew by 12% year-on-year to $13.33 billion, with a pretax segment operating income of $2.18 billion, reflecting a 15% increase[10] - North America revenue increased by 12% year-on-year to $7.52 billion, while international revenue decreased by 5% to $27.94 billion[12] - Digital revenue reached $825 million, increasing 25% sequentially and 17% year-over-year, driven by strong growth in Digital Exploration and Digital Operations[35] - Reservoir Performance revenue was $1.75 billion, a 4% sequential increase, but a 3% year-over-year decline primarily due to reduced activity in Saudi Arabia and Europe[39] - Well Construction revenue decreased 1% sequentially to $2.95 billion and declined 10% year-over-year, impacted by reduced drilling activity across multiple regions[42] - Production Systems revenue increased 17% sequentially to $4.08 billion and 30% year-over-year, significantly boosted by the acquisition of ChampionX, which contributed $874 million in revenue[44] - Digital Division revenue increased by 9% year-on-year to $2.660 billion in 2025, with pretax operating income rising 22% to $745 million[97] - Data Center Solutions revenue surged 121% year-on-year to $460 million in 2025, compared to $208 million in 2024[102] Acquisitions and Strategic Initiatives - SLB acquired ChampionX, contributing $879 million in revenue and $206 million in adjusted EBITDA in the fourth quarter[3] - The acquisition of ChampionX contributed $1.46 billion in revenue during 2025, with $879 million in the fourth quarter alone[10][19][25] - The company anticipates benefits from the ChampionX acquisition, focusing on successful integration and achieving anticipated synergies[107] - SLB's partnership with Shell aims to develop AI solutions to enhance upstream operations, focusing on performance and efficiency gains[55] Operational Highlights - The company secured a five-year contract with Aramco for stimulation services in Saudi Arabia, part of a multi-billion dollar contract[53] - SLB's new technology, the OnWave™ platform, was deployed in Italy, enhancing data acquisition and well control, significantly improving fracture characterization[54] - The Reda Agile™ pump system installed in Libya achieved an initial flow rate of approximately 2,000 barrels of fluid per day[54] - SLB's cumulative incremental oil recovery in Oman exceeded 580,000 barrels over 33 jobs within 7 years[54] - The company expanded its operations in Shreveport, Louisiana, nearly doubling its facility footprint to meet growing data center demand[56] Future Outlook and Strategic Goals - SLB expects to return over $4 billion to shareholders in 2026, with a 3.5% increase in quarterly dividends starting April 2026[23][24] - The company is committed to achieving net-zero carbon emissions goals and interim emissions reduction goals, although these are subject to various risks and uncertainties[108] - SLB's business strategies include digital initiatives and "fit for basin" approaches, aimed at improving operational efficiencies and adapting to market conditions[107] - The company acknowledges potential impacts from global economic and geopolitical conditions on energy supply and operational performance[107] - SLB is focused on enhancing its technology to meet new challenges in exploration and addressing competitiveness from alternative energy sources[108] - The company is monitoring changes in exploration and production spending by customers, which could affect its financial performance[108] - SLB's operational modifications and supply chain challenges may influence its ability to achieve intended benefits from business strategies[108] - The company disclaims any obligation to update forward-looking statements, emphasizing the evolving nature of its sustainability-related goals[108]
Booz Allen Hamilton (BAH) - 2026 Q3 - Quarterly Report
2026-01-23 11:49
Financial Performance - Revenue for the three months ended December 31, 2025, was $2,620 million, a decrease of 10.2% compared to $2,917 million for the same period in 2024[12] - Operating income for the nine months ended December 31, 2025, was $770 million, down 29.7% from $1,095 million in 2024[12] - Net income for the three months ended December 31, 2025, was $200 million, an increase of 6.9% from $187 million in 2024[15] - Earnings per share (EPS) for the three months ended December 31, 2025, was $1.64, compared to $1.46 for the same period in 2024, reflecting a 12.3% increase[12] - Revenue decreased by 10% to $2,620 million for the three months ended December 31, 2025, and by 6% to $8,434 million for the nine months ended December 31, 2025, compared to the prior year period[81] - Operating income fell by 21% to $230 million for the three months ended December 31, 2025, and by 30% to $770 million for the nine months ended December 31, 2025, reflecting a decrease in operating margin from 10% to 9%[88] - Net income increased by 7% to $200 million for the three months ended December 31, 2025, but decreased by 13% to $646 million for the nine months ended December 31, 2025, compared to the prior year[91] Assets and Liabilities - Total assets as of December 31, 2025, were $7,051 million, a decrease from $7,312 million as of March 31, 2025[10] - Total liabilities as of December 31, 2025, were $6,026 million, down from $6,309 million as of March 31, 2025[10] - Total stockholders' equity as of December 31, 2025, was $1,025 million[18] - The company had total debt of $3,940 million as of December 31, 2025, with a long-term debt net of current portion amounting to $3,857 million[37] - Long-term debt, net of current portion, was $3,857 million as of December 31, 2025, slightly down from $3,915 million as of March 31, 2025[110] Cash Flow and Investments - Cash and cash equivalents at the end of the period were $882 million, slightly down from $885 million at the beginning of the period[17] - Net cash provided by operating activities for the nine months ended December 31, 2025, was $801 million, compared to $790 million in 2024, indicating a 1.4% increase[17] - Net cash provided by operations was $801 million for the nine months ended December 31, 2025, compared to $790 million in the prior year period, primarily driven by lower tax payments[101] - Net cash used in investing activities was $52 million for the nine months ended December 31, 2025, a decrease from $184 million in the prior year, mainly due to the previous year's acquisition of PGSC[102] - Net cash used in financing activities was $752 million for the nine months ended December 31, 2025, compared to $706 million in the prior year, attributed to an increase in share repurchases of $24 million and term loan payments of $22 million[103] Shareholder Actions - The company repurchased common stock worth $521 million during the nine months ended December 31, 2025[17] - The company repurchased 1.3 million shares of Class A Common Stock for $125 million during the three months ended December 31, 2025[18] - For the nine months ended December 31, 2025, the company repurchased 4.7 million shares for $486 million[18] - The company declared a quarterly cash dividend of $0.59 per share on January 23, 2026, payable on March 2, 2026, with total dividends of $67 million and $205 million for the three and nine months ended December 31, 2025, respectively[104] - The company repurchased 4.7 million shares for an aggregate of $486 million during the first nine months of fiscal 2026, with approximately $759 million remaining under the repurchase program[105] Operational Metrics - Revenue from cost-reimbursable contracts accounted for 58% of total revenue in Q3 2025, while time-and-materials and fixed-price contracts contributed 22% and 20%, respectively[29] - Defense customers generated $1,454 million in revenue, representing 55% of total revenue for the three months ended December 31, 2025, compared to 50% in the same period of 2024[29] - Total backlog as of December 31, 2025, was $38.456 billion, an increase of 2% from $37.879 billion as of December 31, 2024[76] - Funded backlog decreased from $4.658 billion in December 2024 to $4.206 billion in December 2025[76] - Unfunded backlog increased from $8.478 billion in December 2024 to $10.059 billion in December 2025[76] - Additions to funded backlog totaled $11.0 billion for the twelve months ended December 31, 2025, compared to $11.8 billion for the same period in 2024[77] Tax and Compliance - The effective income tax rates for the three months ended December 31, 2025, and 2024, were (7.0)% and 24.7%, respectively, with a tax benefit of $57 million recognized during the same period[41] - As of December 31, 2025, the company recorded $78 million in reserves for uncertain tax positions, primarily related to research and development tax credits, with a reduction of $86 million due to IRS examination adjustments[42] - The company recorded long-term income tax receivables of $176 million as of December 31, 2025, related to amended U.S. federal return refund claims[43] - The company is subject to various risks including changes in U.S. government spending and potential impacts from government shutdowns, which may affect future performance[113] Strategic Initiatives - The company is implementing actions to reduce costs by approximately $150 million annually due to a slowed procurement environment[66] - The company plans to relocate its headquarters to new office space in Reston, Virginia, with estimated total undiscounted base lease payments of $222 million[56] - The company plans to opportunistically access financing markets to secure additional debt capital resources for strategic acquisitions and investments[100] Reporting and Compliance - The company reported its quarterly financial results for the three and nine months ended December 31, 2025, with a focus on condensed consolidated balance sheets and statements of operations[101] - The financial statements include comprehensive income and cash flow statements for the same periods, highlighting key performance metrics[101] - The report is formatted in Inline XBRL, enhancing the accessibility and usability of the financial data for stakeholders[101] - Certifications from the Chief Executive Officer and Chief Financial Officer were filed, ensuring compliance with regulatory requirements[31.1][31.2][32.1][32.2] - The company is committed to transparency and accuracy in its financial reporting, as evidenced by the detailed disclosures in the quarterly report[101] - The report includes notes to the condensed consolidated financial statements, providing additional context and insights into the company's financial position[101] - The company continues to adhere to the Securities Exchange Act of 1934, maintaining its obligations as a registrant[130] - The financial results will inform future strategic decisions and operational adjustments as the company navigates market conditions[101] - The report emphasizes the importance of accurate financial reporting in supporting investor confidence and market stability[101] - The company is focused on leveraging its financial data to drive growth and enhance shareholder value moving forward[101]