Net Revenues Grew 6% to a Record $191.5 Million in Fiscal Year 2024 Compared to Prior Year Driven by Record $25.1 Million Avocado Sales LIMONEIRA Achieved Year-Over-Year Pricing Improvement in Fresh Lemons and Avocados for Fiscal Year 2024 Strategic Alternatives Exploration to Maximize Stockholder Value Continues to Progress Management Comments Mr. Edwards continued, "Our Harvest at Limoneira residential real estate joint venture with the Lewis Group of Companies ("Lewis") continues to perform very well and ...

Exhibit 99.1 QUARTER ENDED NOVEMBER 30, 2024 AND DECLARES QUARTERLY DIVIDEND • Revenues were $99.8 million for the quarter compared to $104.6 million for the same quarter last year, a decrease of $4.8 million or -4.6%. • Earnings per diluted share for the current quarter were $0.39 compared to $0.38 for the comparative quarter last year. • Our gross profit margin for the quarter was 29.3% compared to 29.2% for the comparative quarter last year. • The Board approved a special dividend of $2.50 per share paid ...

Unbilled accounts receivable The Company has recorded $19.7 million and $16.6 million of unbilled accounts receivable on the consolidated balance sheets as of October 31, 2024 and January 31, 2024, respectively, from revenues generated by certain of its subsidiaries. The Company has fulfilled all performance obligations and has recorded revenue under the respective contracts. The deliverables under these contracts have been accepted by the customer and billings will be made once the customer takes possessio ...

COMPANY: Perma-Pipe International Holdings, Inc. CONTACT: David Mansfield, President and CEO • The Company generated net sales of $41.6 million for the quarter and $113.4 million year-to-date • Income (loss) before income taxes of $5.1 million for the quarter and $13.2 million year-to-date • Backlog of $114.2 million at October 31, 2024, compared to $68.5 million at January 31, 2024 "Backlog in the third quarter shows considerable growth and now stands at $114.2 million. This is the equivalent to approximat ...

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-27022 ________________________________________________ OPTICAL CABLE CORPORATION (Exact name of the registrant as specified in its charter) Virginia 54-1237042 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act: None _________________ ...

Through the end of our 2024 fiscal year, our fiscal year began on November 1 and ended on October 31 of the following year. Any references in this Form 10-K to the years, or to any quarter of those years, relates to the fiscal year or quarter, as the case may be, ended in that year, unless otherwise stated. However, we are changing our fiscal year end, effective for the 2025 fiscal year. Our 2025 fiscal year will begin on November 1, 2024 and end on September 30, 2025, and accordingly, will consist of eleve ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-00566 Registrant's telephone number, including area code: (740) 549-6000 1 PART I General Development of Business We are a leading global producer of industrial packaging ...

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): October 8, 2024 CĪON Investment Corporation (Exact Name of Registrant as Specified in Charter) | --- | --- | --- | |-----------------------------------------|------------------------------|--------------------------------------------| | Maryland | 000-54755 | 45-3058280 | | (State or Other Juri ...

| --- | --- | |----------------------------------------------------------------------------------------------------------------|-----------------------| | STRAN & COMPANY, INC. (Exact name of registrant as specified in its \nNevada 001-41038 | charter) \n04-3297200 | | (State or other jurisdiction (Commission File Number) | (IRS Employer | | of incorporation) | Identification No.) | | 2 Heritage Drive, Suite 600, Quincy, MA | 02171 | | (Address of principal executive offices) | (Zip Code) | | 800-833-3309 | ...

Financial Performance and Losses - Net loss for the three months ended June 30, 2024, was $17.234 million, compared to $11.431 million for the same period in 2023[390] - Net loss per common share for the three months ended June 30, 2024, was $0.63, compared to $0.43 for the same period in 2023[390] - The company's net loss for the six-month period ended June 30, 2024 was $17,234, contributing to an accumulated deficit of $200,290[59] - Net loss for the three months ended June 30, 2024, was $17.234 million, compared to $11.431 million in the same period in 2023[65] - Total operating expenses for the three months ended June 30, 2024, were $682 thousand, down from $2,832 thousand in the same period in 2023[65] Equity and Stock Issuances - The company issued 13,257 shares of common stock with a fair value of $83 thousand as consideration for a Marketing Services Agreement in Q2 2023[383] - The company had 34,868,628 shares of common stock outstanding as of June 30, 2024[5] - The company's weighted-average shares of common stock outstanding for the three months ended June 30, 2024, were 27,487,283[390] - The company issued warrants for 511,712 shares of common stock at an exercise price of $8.06 per share and 102,342 shares at $7.47 per share[226] - The company has 600,000 stock options outstanding as of June 30, 2024, with a weighted average exercise price of $10.00 and a remaining contractual life of 1.7 years[55] Licensing and Agreements - The company must raise at least $10.0 million in equity financing by May 1, 2024, to avoid termination of certain license agreements[391] - The company recorded annual license maintenance fees of $12,000 for the six-month periods ended June 30, 2024, and 2023[397] - As of June 30, 2024, the company had $0.1 million in accrued expenses related to license fees[397] - The company entered into an amendment with Virion in September 2024, agreeing to contribute $9.0 million in cash and/or shares to increase its ownership interest to 22%[412] Debt and Financing - The Company received a notice of default for $2.1 million, including $1.6 million in unpaid principal and $0.5 million in accrued interest[413] - The principal amount of the Existing Note is $9.7 million, including Event of Default Interest and Redemption Premium[418] - The Company's available cash must equal or exceed $3.0 million at each Additional Closing, and the ratio of outstanding principal to market capitalization must not exceed 35%[208] - The Company entered into a Securities Purchase Agreement for up to $27.0 million in Senior Secured Convertible Notes, with an initial note of $7.6 million[200] - The principal amount outstanding under the 2023 Convertible Note was $7.6 million as of June 30, 2024[201] - The Company is required to pay $0.5 million and $1.2 million towards outstanding loans upon the first and second Additional Closings, respectively[204] - The Company recognized $0.1 million and $0.2 million of interest expense on the McKra Loan for the three and six months ended June 30, 2024, respectively[205] - The Company borrowed $0.7 million under the March Second Street Loan with a 15% interest rate[190] - The Company is required to pay $0.5 million towards outstanding loans upon certain closings[195] - The company borrowed $1.0 million from McKra Investments III in March 2023, with a 15% annual interest rate and a $0.2 million loan fee[193] - The company recognized $0.1 million in interest expense on Second Street Loans for the three months ended June 30, 2024, compared to $0.3 million in the same period in 2023[192] Investments and Acquisitions - The Company acquired a 50% membership interest in Virion for an initial contribution of $4.1 million or 750,000 shares of common stock[40] - The Company increased the liability for the post-closing true-up to $3.2 million and recorded a $1.9 million expense for the change in fair value of the Virion Contribution Liability[40] - Virion incurred a net loss of $1.1 million for the three-month period and $5.6 million for the six-month period ended June 30, 2024, with the company recording its share of the loss as $0.6 million and $2.8 million respectively[41] - The company acquired all outstanding capital stock of Legacy Ocean for approximately $240.0 million in aggregate consideration before transaction and other fees[85] Revenue and Expenses - The company has not generated any revenue since its inception and does not expect to generate revenue from product sales in the foreseeable future[95] - Research and development expenses for the three and six months ended June 30, 2024 included costs for stock-based compensation, initial license fees, annual maintenance license fees, and services agreements[104] - The company incurred $0.1 million in reimbursed patent costs for the six months ended June 30, 2024, down from $0.2 million in the same period in 2023[229] - Stock-based compensation expense for the three-month and six-month periods ended June 30, 2024 was $0.2 million and $0.4 million respectively[54] Cash and Liquidity - The company had minimal cash or cash equivalents as of June 30, 2024 and December 31, 2023[100] - Net cash used in operating activities for the six-month period ended June 30, 2024 was $775, compared to $7,433 in the same period in 2023[71] - The company expects to use proceeds from the Backstop Agreement and future debt and equity financings to fund operations[87] Fair Value and Liabilities - The fair value of the Ayrton Note Purchase Option was recorded at $0.3 million initially but was determined to be zero as of December 31, 2023[209] - The Company recorded a liability of $0.5 million for the Ayrton Note Purchase Option, measured using the Black-Scholes Merton model[139] - Total financial liabilities measured at fair value were $68.4 million as of June 30, 2024[180] - The Backstop Put Option Liability had a fair value of $55.9 million as of June 30, 2024[184] - The company measures the fair value of the Backstop Put Option Liability on a recurring basis, with any fair value adjustment recorded within other income (expense)[120] - The company elected to account for the Notes at fair value under the fair value option, with changes in fair value reflected within other income (expense)[130] Legal and Compliance - The company received notices from Nasdaq regarding non-compliance with the timely filing requirement for continued listing[215] - The company filed the delinquent Form 10-K on November 25, 2024 and intends to file the delinquent 10-Qs as soon as practicable[216] - Vellar claims $6.7 million in Maturity Consideration due to alleged failure to register shares[158] Shareholder and Backstop Agreements - The company is obligated to pay the Backstop Parties an amount equal to the product of 8,000,000 shares less Terminated Shares multiplied by $2.50 upon the Maturity Date[112] - The Backstop Parties have purchased a fixed total of 4,885,466 shares of the company's common stock[113] - The Backstop Parties purchased 3,535,466 shares of AHAC's Class A common stock for $10.56 per share, totaling $37.3 million[154] - The Company issued 1,350,000 newly issued shares to Polar at a per share purchase price of approximately $10.56, totaling $14.3 million[154] - The Prepayment amount was $51.6 million, consisting of $37.3 million for the Recycled Shares and $14.3 million for the Polar Subscription shares[155] - Vellar agreed to purchase up to 8,000,000 shares of AHAC's Class A common stock for $80.0 million[161] - The Company has the right to sell up to $75.0 million in newly issued shares to White Lion[168] - The Company received net proceeds of $1.4 million after selling 143,261 Backstop Shares and paying related fees[157] - The Company may issue up to 19,000,000 Earnout Shares to Legacy Ocean Stockholders based on VWAP triggers[151] Other Financial Metrics - Total assets decreased from $5,501 in 2023 to $1,851 in 2024, with a significant reduction in the investment in Virion from $3,392 to $574[63] - Accounts payable and accrued expenses increased to $17,180 thousand as of June 30, 2024, up from $16,185 thousand at December 31, 2023[185] - The Company recognized a loss on extinguishment of debt of $13.6 million for the issuance of the Sponsor Extension Shares[172] - The Company issued 1,365,000 shares of Class A common stock to the Sponsor in consideration for obtaining extensions beyond the September 2022 deadline[148] - The Company issued Converted Ocean Warrants exercisable for 511,712 shares at $8.06 per share and 102,342 shares at $7.47 per share[149] - The Company converted $1.6 million of the Underwriter Promissory Note into 169,582 restricted shares[174] - The Company recorded $0.3 million in interest expense for the six months ended June 30, 2024[173] - The Company has not included future milestone payments in its condensed consolidated balance sheets[30] - AHAC issued approximately 23,355,432 shares of Class A common stock with an aggregate value of $233.6 million to Legacy Ocean's security holders[147] - The company is evaluating the effect of adopting ASU No. 2023-09, which enhances income tax disclosures, effective for fiscal years beginning after December 15, 2024[134] - The company has recorded a full valuation allowance to reduce its net deferred income tax assets to zero, with no provision for income taxes due to operating losses[106]