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 2, 2025 INTEGRAL AD SCIENCE HOLDING CORP. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Delaware 001-40557 83-0731995 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 12 E 49th Street, 20th Floor New York, NY 10017 (Addre ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-13341 Titan Pharmaceuticals, Inc. (Exact name of registrant as specified in its charter) | Delaware | 94-3171940 | | --- | --- | | (State or other jurisdiction ...

Cash Distribution - January 2025 cash distribution declared at $0.448330 per unit, payable on January 29, 2025[2] Production Volumes - Preliminary production volumes: 76,247 barrels of oil and 1,617,815 Mcf of gas[3] - Current month oil production increased to 76,247 bbls from 68,183 bbls in the prior month[4] - Current month gas production increased to 1,617,815 Mcf from 1,536,640 Mcf in the prior month[4] Pricing - Preliminary prices: $67.70 per barrel of oil and $1.61 per Mcf of gas[3] - Average gas price increased to $1.61 per Mcf from $1.39 per Mcf in the prior month[4] - Average oil price decreased to $67.70 per bbl from $71.76 per bbl in the prior month[4] Revenue and Taxes - $259,000 deducted for 2024 Ad Valorem taxes, compared to $223,000 last year[7] - Approximately $232,000 of revenue received in December will be posted in January[6] - $116,000 in revenue received between December close and this press release[6]

Revenue and Sales Performance - Net revenue for the six months ended November 30, 2024 decreased by $96,000 (0%) compared to the same period in 2023, with gross profit increasing by $195,000 (2%) to $9,390,000[33] - Sales to Asia increased by 37% during the six months ended November 30, 2024, while U.S. sales decreased by 7%[33] - Net revenue for the three months ended November 30, 2024 decreased by $1,791,000 (-17%) compared to the same period in 2023, with gross profit decreasing by $925,000 (-19%)[43] - Sales to Asia increased by 34% during the three months ended November 30, 2024, while U.S. sales decreased by 21%[43] Research and Development Costs - Research and development costs decreased by $41,000 (-19%) to $172,000 for the six months ended November 30, 2024, representing 0.9% of net revenues[37] - Research and development costs increased by $19,000 (23%) to $103,000 for the three months ended November 30, 2024, representing 1.2% of net revenues[46] Selling, General and Administrative Expenses - Selling, general and administrative expenses increased by $360,000 (7%) to $5,369,000 for the six months ended November 30, 2024, primarily due to increased stock option expense[38] - Selling, general and administrative expenses increased by $166,000 (6%) to $2,839,000 for the three months ended November 30, 2024, primarily due to increased stock option expense[47] Capital Expenditures and Inventory - Capital expenditures for the six months ended November 30, 2024 were $971,000, compared to $545,000 in the same period of the prior year, with commitments for $881,000 in the next twelve months[51] - Inventory increased by $1,099,000 (15%) to $8,611,000 as of November 30, 2024, compared to $7,512,000 at May 31, 2024, with work-in-process inventory accounting for 88% of the total inventory[52][53] - Inventory turnover decreased to 2.3 as of November 30, 2024, compared to 3.0 at May 31, 2024, indicating a slower rate of inventory turnover[52] - Maintenance and other inventory decreased by $152,000 (-10%) to $1,428,000 as of November 30, 2024, compared to $1,580,000 at May 31, 2024, with no provision for potential inventory obsolescence recorded for the six-month period ended November 30, 2024[52][54] Accounts Receivable and Payable - Accounts receivable increased by $3,036,000 (58%) to $8,248,000 as of November 30, 2024, compared to $5,212,000 at May 31, 2024, with the average days sales outstanding (DSO) increasing from 39 days to 87 days[55][56] - Accounts payable decreased by 40% to $857,000 as of November 30, 2024, compared to the prior year-end, while accrued expenses decreased by 48% to $2,497,000 due to the payout of fiscal year 2024 incentive compensation[62] Backlog and Projects in Progress - The company had 156 open sales orders in its backlog as of November 30, 2024, with a total sales value of $34.5 million, expected to be recognized in fiscal years 2025 and 2026[35] - The company's backlog of sales orders increased to $34.5 million as of November 30, 2024, up from $33.1 million at the end of the prior year, with $13.1 million of the backlog for projects already in progress[61] - The number of projects in progress decreased to 18 as of November 30, 2024, compared to 19 at May 31, 2024, with an aggregate percent complete of 48% compared to 53% at the prior year-end[61] - The average total sales value of projects in progress decreased to $1,397,000 as of November 30, 2024, compared to $2,089,000 at May 31, 2024, with 51% of the total value invoiced to customers compared to 56% at the prior year-end[61] Costs and Estimated Earnings - CIEB (Costs and Estimated Earnings in Excess of Billings) decreased by $1,339,000 (-31%) to $3,018,000 as of November 30, 2024, compared to $4,357,000 at May 31, 2024[55][57] - BIEC (Billings in Excess of Costs and Estimated Earnings) decreased by $1,893,000 (-34%) to $3,708,000 as of November 30, 2024, compared to $5,601,000 at May 31, 2024[55][58]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ____________________________________________________________________________________________ FORM 10-Q ____________________________________________________________________________________________ (Mark One) xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 23, 2024 OR oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Quarter Ended November 24, 2024, or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period for _________ to _________. LIFECORE BIOMEDICAL, INC. (Exact name of registrant as specified in its charter) Delaware 94-3025618 (State or other jurisdict ...

Corporate Structure and Subsidiaries - Global Mofy Cayman is a holding company incorporated on September 29, 2021, with no significant assets or operations, conducting business in China through Global Mofy China and its subsidiaries[60] - Global Mofy HK, incorporated on October 21, 2021, is a wholly-owned subsidiary of Global Mofy Cayman and acts as a holding company with no active business[61] - Global Mofy Zhejiang WFOE, incorporated on April 3, 2023, is a wholly-owned subsidiary of Global Mofy HK and engages in technology development, technical services, and software development[62] - Global Mofy China, incorporated on November 22, 2017, is an operating subsidiary engaged in technology development, technical services, design, advertisement production, and film screening[63] - Kuyu Intelligent, incorporated on September 3, 2024, is a wholly-owned subsidiary of Global Mofy Zhejiang WFOE and currently not engaging in any active business[64] - Kashi Mofy, incorporated on July 31, 2019, is a wholly-owned subsidiary of Global Mofy China and is one of the operating subsidiaries[65] - Xi'an Mofy, incorporated on June 8, 2018, is a majority-owned subsidiary of Global Mofy China and currently not engaging in any active business[66] - Global Mofy California, incorporated on December 14, 2023, is a wholly-owned subsidiary of Global Mofy China and currently not engaging in any active business[67] - The VIE structure was dissolved on July 8, 2022, making Global Mofy China a wholly-owned subsidiary of Global Mofy WFOE[44] - Global Mofy China dissolved its VIE structure in June 2022 due to changes in business scope and regulatory concerns, transitioning to a direct parent-subsidiary structure[70] - Global Mofy's corporate structure includes subsidiaries such as Global Mofy HK Limited, Global Mofy Zhejiang WFOE, and Xi'an Mofy, with varying ownership percentages and business activities[225][226][228] - Global Mofy China's corporate structure includes 12 subsidiaries, with key entities like Global Mofy HK Limited and GMM Discovery LLC incorporated in Hong Kong SAR and Delaware respectively[116] Financial Performance and Risks - Revenue for the year ended September 30, 2024 was $41.36 million, with 51% from virtual technology services and 49% from digital assets development and others[142] - Revenue from digital assets development and others grew from $4.02 million in 2022 to $20.5 million in 2024, representing 49% of total revenue[156] - One customer accounted for 13% of total revenue in 2024, while two customers accounted for 20% and 17% of total revenue in 2022[159] - The company expanded into digital asset development in 2021 and entered the metaverse industry, with revenue from this business line reaching $20.5 million in 2024[156] - The company has a history of net losses and negative cash flows from operating activities, which may continue in the future[157] - The company faces risks related to the metaverse and digital entertainment industry, including market conditions, customer preferences, and potential regulations[169] - The company may face challenges in maintaining and growing its digital asset base and operating margins[163] - The company's business is subject to risks from natural disasters, political crises, and public health crises, such as the COVID-19 pandemic[148] - The company may face difficulties in complying with Section 404 of the Sarbanes-Oxley Act, which could lead to material misstatements in financial statements[172] - The COVID-19 outbreak has severely impacted global economies, leading to reduced tourist arrivals, business exchanges, and economic slowdowns, with global financial markets experiencing high volatility[173] - The company's Class A Ordinary Shares have declined significantly, risking delisting from Nasdaq, which could discourage U.S. broker-dealers from trading the shares due to penny stock rules[175][176] - The company's dual-class share structure concentrates voting control with the CEO and Chairman of the Board and their affiliates[174] - The company remains an "emerging growth company" until it exceeds $1.235 billion in annual gross revenues, becomes a "large accelerated filer," or issues more than $1.0 billion in nonconvertible debt[184] - The company's future success depends on the market acceptance and widespread adoption of the metaverse, with potential risks from PRC government regulations against the industry[199] - The company is exposed to risks from epidemics and infectious diseases, such as COVID-19, which could materially and adversely affect its business[205] - The company's Class A Ordinary Shares are subject to high volatility, which could result in substantial losses for investors and affect the company's ability to retain key employees[177][181] - The company may face challenges in raising additional capital due to unpredictable capital markets, which could limit its ability to fund operations and respond to competitive pressures[203] - The company has identified material weaknesses in its internal control over financial reporting, which could result in inaccuracies in financial statements and hinder fraud prevention[204] - The company does not expect to pay cash dividends to shareholders in the foreseeable future[215] Regulatory and Compliance - PRC regulations permit the payment of dividends only out of accumulated profits, as determined in accordance with Chinese accounting standards and regulations[50] - Global Mofy acquired domestic operating entities using a "two-step slow-walk" method, avoiding Ministry of Commerce approval, but risks remain if the method is deemed invalid retroactively[69] - PRC subsidiaries are required to set aside 10% of net income after taxes as statutory surplus reserves until reserves reach 50% of registered capital[85] - No dividends, distributions, or transfers have been made between Global Mofy Cayman and its subsidiaries as of the report date[86] - PRC subsidiaries can transfer funds internally under the Provisions on Private Lending Cases, but no cash has been transferred to the holding company or US investors[74] - Global Mofy's auditor, YCM CPA INC., is based in the US and subject to PCAOB inspections, ensuring compliance with US regulatory standards[88] - PRC subsidiaries have obtained all necessary business licenses and permissions required for operations in China[89] - The Holding Foreign Companies Accountable Act (HFCAA) could impact Global Mofy if future regulatory changes impose stricter criteria on non-US auditors[78] - The company's operations in China are subject to foreign exchange regulations, including the need for approval or registration for capital account transactions such as direct investments and repatriation of profits[94] - In 2012, SAFE simplified foreign exchange procedures, allowing foreign-invested enterprises to open multiple capital accounts and remit profits without prior approval[95] - Circular 19 and Circular 16 allow foreign-invested enterprises to use foreign exchange funds for current and capital account expenditures within their business scope, with certain restrictions[96] - PRC residents or entities must register with qualified banks for foreign exchange matters related to offshore investment and financing through special purpose vehicles (SPVs)[97] - Failure to comply with foreign exchange registration requirements may result in restrictions on dividend payments and capital inflows, as well as penalties[99] - FIEs in China can only distribute dividends from retained earnings and must set aside at least 10% of after-tax profits as statutory reserve funds until reaching 50% of registered capital[100] - The company's operations are in compliance with PRC labor laws, including the requirement to execute written employment contracts and contribute to social insurance and housing provident funds[111] - Employers failing to pay social insurance on time may face fines of 0.05% of unpaid amounts per day, escalating to 1-3 times the unpaid sum if not rectified within the prescribed time limit[112] - The company's subsidiaries and operations are structured in compliance with PRC regulations, including those governing foreign-invested enterprises[110][114] - The company is subject to cybersecurity review requirements if it controls more than one million users' personal information and seeks to list in a foreign country[144] - The company's compliance with U.S. securities regulations, including the Sarbanes-Oxley Act and the Exchange Act, will increase legal, accounting, and financial compliance costs, particularly after it is no longer an "emerging growth company"[220] - The company's corporate governance is governed by Cayman Islands law, which may provide less protection for shareholders compared to U.S. statutes or judicial precedents[223] Intellectual Property and Technology - Global Mofy China holds 5 registered trademarks, 1 registered domain name, and 45 registered copyrights, while Xi'an Mofy and Zhejiang Mofy hold 5 and 9 copyrights respectively[120] - The company plans to register its 3D digital assets using part of the IPO proceeds, as these assets are currently protected under PRC copyright laws but not formally registered[121] - Global Mofy China has registered 14 copyrighted works, including "Wu Gen Zhi Guo" and "Barlow Rabbit," with completion dates ranging from 2018 to 2021[126] - The company has developed 13 software systems, including the Global Mofy Maya Assets Batch Importing Plug-in System and the Global Mofy AI Visual Effect Platform, all registered under copyright[128] - The company's intellectual property strategy relies on trademarks, patents, know-how, and confidentiality agreements with employees, customers, and suppliers to maintain technological advantages[119] - Global Mofy China does not rely on third-party intellectual property rights for its business operations, emphasizing self-developed assets and technologies[120] - Global Mofy's digital asset bank contains over 100,000 high-precision 3D digital assets with 4K (4096*2160) resolution[135] - The company operates in two main business lines: virtual technology services and digital asset development, with plans to cease the digital marketing line[135] - Global Mofy's proprietary "Mofy Lab" platform utilizes 3D rebuilt technology and AI interactive technology to create high-definition virtual content[140] - The company has developed the Gausspeed platform, leveraging NVIDIA Omniverse and RTX GPUs for generative AI solutions[135] - Virtual technology service contracts are primarily fixed-price, milestone-based, covering visual effect design, content development, and production[137] - Digital assets are licensed for use in applications such as movies, TV series, AR/VR, animation, advertising, and gaming[138] - The company plans to expand its digital asset bank and develop more products to serve the growing digital content market[139] - Global Mofy has registered multiple software systems, including Virtual Asset Identification and Analysis Software (V1.0) and Virtual Asset Conversion Software (V1.0)[129] - The company has developed real-time rendering efficiency enhancement software (V1.0) and automated image perspective correction tools (V1.0)[131] - Global Mofy owns the domain name globalmofy.cn, registered under Global Mofy (Beijing) Technology Co., Limited[132] - Global Mofy China's registered trademarks include "Mo Fei Shi Xiao," "Mo Fei Ying Ye," and "GAUSSPEED Gao Si Guang Nian," with application dates ranging from 2021 to 2024[123] Financial Reporting and Accounting - The company prepares its consolidated financial statements as of and for the year ended September 30, 2021, in accordance with International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) as issued by the International Accounting Standards Board (IASB) and adopted by the European Union[216] - The company may take advantage of the extended transition period for adopting new or revised accounting standards under the JOBS Act if it converts to U.S. GAAP while still an "emerging growth company"[216] - The company is exempt from including an attestation report on internal control over financial reporting issued by its independent registered public accounting firm while it remains an "emerging growth company"[217] - The company is not subject to U.S. proxy rules and its officers, directors, and principal shareholders are exempt from Section 16 reporting and "short-swing" profit recovery provisions under the Exchange Act[218] - The company issued a total of 827,589 ordinary shares upon the exercise of new warrants through Alternative Cashless Exercise on July 5 and July 10, 2024, resulting in the retirement of all new warrants[234] - The company established a VIE structure through agreements with Global Mofy China and its shareholders, consolidating Global Mofy China and its subsidiaries in its financial statements under U.S. GAAP[229] - The company may be classified as a passive foreign investment company (PFIC), which could result in adverse U.S. federal income tax consequences for U.S. investors holding its Class A Ordinary Shares or warrants[221][222] Real Estate and Assets - Global Mofy China's office in Beijing covers an area of 1,962.14 square meters, leased for three years starting September 18, 2023, with a monthly rent of RMB 266,360 (approximately US$36,675)[118]

Resources Connection Reports Financial Results for Second Quarter Fiscal 2025 DALLAS, Texas, January 2, 2025 – Resources Connection, Inc. (Nasdaq: RGP) (the "Company"), a professional services firm, today announced its financial results for its second quarter of fiscal 2025 ended November 23, 2024. Second Quarter Fiscal 2025 Highlights Compared to Prior Year Quarter: Management Commentary • Revenue of $145.6 million compared to $163.1 million, a decline of 10.7% • Same-day constant currency revenue, a non-G ...

Lifecore Biomedical Reports Second Quarter Fiscal 2025 Financial Results and Provides Corporate Update Exhibit 99.1 -- Recorded Revenues of $32.6 Million for Q2 Fiscal 2025 -- -- Signed Multiple Development Agreements with New Customers -- -- Strengthened Balance Sheet with Financing Raising Approximately $24.3 Million, and Favorable Restructuring of Credit Facility with BMO -- Conference Call Today at 4:30pm ET CHASKA, Minn., January 2, 2025 (GLOBE NEWSWIRE) -- Lifecore Biomedical, Inc. (NASDAQ: LFCR) ("Li ...

Sales Performance - Sales for the three months ended November 24, 2024, increased by 6.0% to $2,890.0 million compared to $2,727.3 million in the same period last year[124] - Total sales increased 6.0% to $2.89 billion for Q2 FY2025 and 3.5% to $5.65 billion for the first six months of FY2025, driven by 142 net new restaurants and a blended same-restaurant sales increase of 2.4% and 0.7% respectively[151] - Olive Garden's sales increase for the second quarter of fiscal 2025 was driven by a 3.7% increase in average check, partially offset by a 1.6% decrease in same-restaurant guest counts[132] - Olive Garden's sales increased by 3.3% to $1,292.5 million in Q2 FY2025 compared to $1,251.4 million in Q2 FY2024, with same-restaurant sales (SRS) growth of 2.0%[181] - LongHorn Steakhouse's sales grew by 10.4% to $710.1 million in Q2 FY2025, driven by a 7.5% increase in same-restaurant sales, with guest counts up 4.3% and average check up 3.1%[181][182] - Fine Dining segment sales declined by 3.8% to $306.0 million in Q2 FY2025, with same-restaurant sales down 5.8%[181] - Other Business segment sales increased by 12.9% to $581.4 million in Q2 FY2025, with same-restaurant sales up 0.7%[181] Earnings and Profitability - Net earnings for the six months ended November 24, 2024, increased by 3.9% to $422.3 million compared to $406.6 million in the same period last year[124] - Net earnings from continuing operations were $215.7 million for Q2 FY2025 and $423.3 million for the first six months of FY2025, compared to $212.3 million and $407.1 million in the same periods of FY2024[151] - Operating income for the six months ended November 24, 2024, increased by 5.6% to $561.3 million compared to $531.4 million in the same period last year[124] - Olive Garden's segment profit margin increased to 21.4% in November 2024, up 40 basis points from 21.0% in November 2023[189] - LongHorn Steakhouse's segment profit margin rose to 18.9% in November 2024, a 150 basis points increase from 17.4% in November 2023[189] - Fine Dining's segment profit margin decreased to 17.2% in November 2024, down 60 basis points from 17.8% in November 2023[189] - Other Business segment profit margin increased to 13.6% in November 2024, up 70 basis points from 12.9% in November 2023[189] - LongHorn Steakhouse's profit margin increase was driven by positive same-restaurant sales and lower food and beverage costs[191] - Fine Dining's profit margin decrease was due to negative same-restaurant sales and higher restaurant labor costs[191] - Other Business' profit margin increase was primarily due to the addition of Chuy's operating results and lower food and beverage costs[191] Expenses and Costs - Marketing expenses increased by 32.2% to $48.8 million for the three months ended November 24, 2024, primarily due to increased marketing and media spend[124][136] - Food and beverage costs decreased as a percentage of sales by 0.9% due to pricing leverage, cost savings, and inflation impacts[185] - Restaurant labor costs decreased as a percentage of sales by 0.5% due to sales leverage and productivity improvements, partially offset by inflation[185] - Marketing expenses increased as a percentage of sales due to higher marketing and media spend[185] - General and administrative expenses increased as a percentage of sales by 0.7% due to Chuy's transaction and integration costs[185] - Depreciation and amortization expenses increased as a percentage of sales due to the Chuy's acquisition and new restaurant investments[185][186] Debt and Financial Position - The carrying value and fair value of long-term debt as of November 24, 2024, was $2.12 billion and $2.13 billion, respectively[143] - The company had $94.5 million of standby letters of credit related to workers' compensation and general liabilities as of November 24, 2024[145] - The company acquired 100% of Chuy's Holdings, Inc. for $649.1 million in an all-cash transaction, financed by $400.0 million in 4.350% senior notes due 2027 and $350.0 million in 4.550% senior notes due 2029[151] - The company's outstanding long-term debt as of November 24, 2024, includes $500 million of unsecured 3.850% senior notes due in May 2027[202] - The company has a $1.25 billion Revolving Credit Agreement with $974.2 million of credit available as of November 24, 2024[166] Cash Flow and Capital Expenditures - Net cash flows from operating activities increased to $661.8 million for the first six months of FY2025, up from $609.9 million in the same period of FY2024[172] - Capital expenditures increased to $314.5 million for the first six months of FY2025, reflecting higher new restaurant construction and remodel spend[173] - Net cash flows from operating activities increased in fiscal 2025 due to higher net earnings and timing of federal income tax payments[204] - The company believes its internal cash-generating capabilities and potential issuance of equity or unsecured debt securities will be sufficient to finance capital expenditures through fiscal 2025[205] Share Repurchases and Current Assets - The company repurchased 0.9 million shares in Q2 FY2025 and 2.1 million shares in the first six months of FY2025 under a $1 billion share repurchase program[174] - Current assets totaled $879.6 million as of November 24, 2024, up from $822.8 million as of May 26, 2024, primarily due to increases in inventories and prepaid expenses[175] Strategic Initiatives and Partnerships - The company entered into an exclusive multi-year delivery arrangement with Uber Technologies, Inc., with a pilot for first-party delivery at approximately 100 Olive Garden locations[129] - The company expects fiscal 2025 sales to be approximately $12.1 billion, with same-restaurant sales growth of approximately 1.5% and 50 to 55 new restaurant openings[131] - Total restaurant count increased to 2,152 as of November 24, 2024, up from 2,010 in the same period last year[127] Tax and Risk Management - The effective income tax rate for Q2 FY2025 was 12.3%, up from 12.1% in Q2 FY2024, primarily due to nondeductible transaction costs related to Chuy's acquisition[160] - Potential losses from equity forwards, commodity instruments, and interest rate exposures were estimated at $58.6 million over one year as of November 24, 2024[180] Segment Performance - Fine Dining segment saw a same-restaurant sales decrease of 8.3% in Q2 FY2025 due to a 8.3% decrease in guest counts, partially offset by a 2.7% increase in average check[156] - Fine Dining segment sales declined by 3.8% to $306.0 million in Q2 FY2025, with same-restaurant sales down 5.8%[181] - Other Business segment sales increased by 12.9% to $581.4 million in Q2 FY2025, with same-restaurant sales up 0.7%[181]