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 March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) Securities registered pursuant to Section 12(b) of the Act: Commission ...

Financial Performance - Revenues for the three-month period ended March 31, 2025, increased to $7,860,000, a 47% increase from $5,344,000 in the same period of 2024[6] - Gross profit for the same period was $4,595,000, compared to $3,003,000 in 2024, reflecting a gross margin improvement[6] - Operating loss for Q1 2025 was $1,719,000, slightly higher than the loss of $1,424,000 in Q1 2024[6] - Net loss for the three months ended March 31, 2025, was $2,338,000, a significant reduction from $6,581,000 in the prior year[6] - The Products business unit generated revenues of $7,690, while the CDMO Services unit contributed $170[58] - The net loss for the three months ended March 31, 2025, was $2,338, compared to a net loss of $6,581 in the same period of 2024, indicating a significant reduction in losses[58][60] Assets and Liabilities - Total current assets increased to $9,643,000 as of March 31, 2025, up from $7,856,000 in 2024, driven by higher cash and inventory levels[4] - Total liabilities rose to $27,467,000, compared to $23,671,000 in 2024, primarily due to an increase in loans from $3,905,000 to $7,497,000[4] - The accumulated deficit as of March 31, 2025, was $98,756,000, up from $96,418,000 in 2024, indicating ongoing financial challenges[4] - Cash and cash equivalents at the end of Q1 2025 were $3,401,000, a slight decrease from $3,436,000 at the end of Q1 2024[11] Financing and Funding - The company plans to fund its near-term activities through capital fundraising and debt instruments, highlighting reliance on external financing[20] - The company has not yet commenced generating sufficient sales to fund its operations, raising concerns about its ability to continue as a going concern[20] - The Company received $1,797 from new loan facilities during the three-month period ended March 31, 2025, with interest rates of 5%, 10%, and 12% per annum[48] - The Company has not yet closed the convertible loan facilities as of March 31, 2025, with a total balance of $483 from new loan facilities[48] - Following March 31, 2025, the Company received an additional $2,051 from 12% interest rate loan facilities[64] - The Company plans to extend the Early Conversion Warrants and Major Investor Warrants held by lenders for an additional 24 months as part of the new loan facilities[48] Shareholder Information - The company has a total of 17,327,716 common shares issued and outstanding as of March 31, 2025[32] - The company has 1,891,114 options outstanding with a weighted average exercise price of $6.30 as of March 31, 2025[36] - The company has 73,557 warrants outstanding with an average exercise price of $7.58 as of March 31, 2025[40] Management and Compensation - The Company’s key management personnel compensation increased, with the CEO's management fees rising to $191 from $117 year-over-year[50] - The company recognized equity settled compensation of $132,000 for the three months ended March 31, 2025, compared to $133,000 for the same period in 2024[35] Operational Insights - The company has two operating segments: Products and CDMO Services, with management evaluating performance based on operating profit[54][58] - No single customer accounted for 10% or more of total revenue for the three months ended March 31, 2025[62] - The average monthly lease fee for the Yavne manufacturing facility is NIS 101 ($28), subject to annual increases[29] - The company believes it is probable that the two extension options for the Yavne manufacturing facility lease will be exercised, extending the lease until September 2026[30] - The company did not issue any new options during the three months ended March 31, 2025, but had 214,885 options granted in the previous period[36] - The company has not closed any loan facilities as of March 31, 2025[45]

Revenue Performance - Revenue for the three months ended March 31, 2025, was $41.6 million, a decrease of $3.9 million, or 8.6%, compared to $45.4 million in the same period of 2024[102]. - Marketing Services segment revenue decreased by $4.8 million, or 35.3%, to $8.8 million, primarily due to customer loss and reduced demand[103]. - Customer Care segment revenue increased by $0.6 million, or 4.5%, to $13.0 million, driven by increased volume from new customers[112]. - Fulfillment & Logistics Services segment revenue increased by $0.4 million, or 1.8%, to $19.8 million, attributed to higher volume from existing customers[113]. Operating Expenses - Operating expenses for the three months ended March 31, 2025, were $41.6 million, a decrease of $3.5 million, or 7.7%, compared to $45.1 million in the same period of 2024[104]. - Labor expenses decreased by $3.7 million, or 15.7%, primarily due to workforce reductions in the Marketing Services segment[104]. - Restructuring charges for the three months ended March 31, 2025, were $0.8 million, comparable to $0.9 million in the prior year quarter[106]. Cash Flow and Financing - Net cash used in operating activities for the three months ended March 31, 2025, was $0.8 million, a significant decrease from $5.7 million in the same period of 2024[116]. - As of March 31, 2025, the company had cash and cash equivalents of $9.0 million and the ability to borrow an additional $24.0 million under its Credit Facility[114]. - The Company entered into a three-year, $25.0 million asset-based revolving credit facility, extended to June 30, 2025[120]. - The Credit Facility allows for loans up to $25.0 million or the amount available under a borrowing base, with $3.0 million available for letters of credit[121]. - The interest rate on the Credit Facility is variable, currently at 6.67% as of March 31, 2025[122]. - As of March 31, 2025, the Company had no borrowings under the Credit Facility but had letters of credit outstanding totaling $1.0 million[125]. - The Company has the ability to borrow $24.0 million under the Credit Facility as of March 31, 2025[126]. Shareholder Returns and Concerns - No dividends were paid during the three months ended March 31, 2025 and 2024[127]. - A share repurchase program was approved for $6.5 million, but no stock was repurchased during the three months ended March 31, 2025 and 2024[128]. - The Company believes there are no conditions that raise substantial doubt about its ability to continue as a going concern for the next twelve months[129]. - The Company has not engaged in any off-balance sheet financing activities as of March 31, 2025[125]. - The Credit Facility contains covenants that restrict the Company's ability to incur additional debt and engage in certain corporate actions[124].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ Form 10-Q ______________________ (Mark one) BANK OF THE JAMES FINANCIAL GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) ______________________ (State or other jurisdiction of incorporation or organization) Virginia 001-35402 20-0500300 (Commission file number) (I.R.S. Employer Identification No.) 828 Main Street, Lynchburg, VA 24504 (Address of principal executive offices) (Zip ...

Financial Results - Dragonfly Energy Holdings Corp. reported preliminary financial results for Q1 2025 on April 23, 2025[4] - The press release detailing financial results is included as Exhibit 99.1[7] Company Classification - The company is classified as an emerging growth company under the Securities Act of 1933[3]

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 March 31, 2025 ☐ 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: 001-38105 180 LIFE SCIENCES CORP (Exact name of registrant as specified in its charter) | Delaware | 90-1890354 | | --- | --- | | (St ...

Financial Performance - Park Aerospace Corp. reported net sales of $16,939,000 for Q4 2025, a 3.7% increase from $16,333,000 in Q4 2024, and a 17.5% increase from $14,408,000 in Q3 2025[2] - Net earnings for Q4 2025 were $1,246,000, down 53.3% from $2,670,000 in Q4 2024, and down 21% from $1,577,000 in Q3 2025[2] - Adjusted EBITDA for Q4 2025 was $3,418,000, an increase of 6.8% from $3,201,000 in Q4 2024, and a 41.6% increase from $2,415,000 in Q3 2025[4] - Basic and diluted earnings per share for Q4 2025 were $0.06, compared to $0.13 in Q4 2024 and $0.08 in Q3 2025[6] - For the fiscal year 2025, net sales were $62,026,000, a 10.4% increase from $56,004,000 in fiscal year 2024[2] - Net earnings for the fiscal year 2025 were $5,882,000, a decrease of 21.3% from $7,473,000 in fiscal year 2024[2] - Basic and diluted earnings per share for the fiscal year 2025 were $0.29, down from $0.37 in fiscal year 2024[7] Charges and Expenses - The company recorded $1,098,000 in pre-tax charges related to storm damage during the fiscal year 2025[5] - A non-cash tax charge of $2,147,000 was recorded in Q4 2025 related to potential repatriation of undistributed foreign earnings[5] - Selling, general, and administrative expenses were $2,107,000 for the 13 weeks ended March 2, 2025, representing 12.4% of net sales[17] Assets and Liabilities - Total current assets decreased to $90,294,000 as of March 2, 2025, down from $98,845,000 as of March 3, 2024[15] - Total liabilities decreased to $14,954,000 as of March 2, 2025, compared to $19,395,000 as of March 3, 2024[15] - Shareholders' equity decreased to $107,154,000 as of March 2, 2025, from $112,914,000 as of March 3, 2024[15] - The company had cash and marketable securities of $68,834,000 as of March 2, 2025, down from $77,211,000 as of March 3, 2024[15] Product Development - Park Aerospace Corp. continues to develop advanced composite materials for the aerospace market, including film adhesives and lightning strike protection materials[12] Gross Profit and Margin - Gross profit margin improved to 29.3% for the 13 weeks ended March 2, 2025, compared to 27.3% for the same period last year[17] - The company reported a gross profit of $4,958,000 for the 13 weeks ended March 2, 2025, compared to $4,453,000 for the same period last year[17] Quarterly Performance - Total net sales for the 13 weeks ended March 2, 2025, were $16,939,000, an increase of 3.7% compared to $16,333,000 for the 14 weeks ended March 3, 2024[17] - Net earnings for the 13 weeks ended March 2, 2025, were $1,246,000, a decrease of 53.3% from $2,670,000 for the 14 weeks ended March 3, 2024[17] - Adjusted EBITDA for the 13 weeks ended March 2, 2025, was $3,418,000, an increase from $3,201,000 for the 14 weeks ended March 3, 2024[18]

XBP Europe Holdings, Inc. Reports First Quarter 2025 Results May 15, 2025 First Quarter 2025 Highlights LONDON, UK and Santa Monica, CA, May 15, 2025 (GLOBE NEWSWIRE) – XBP Europe Holdings, Inc. ("XBP Europe" or "the Company") (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the quarter ended March 31, 2025. Exhibit 99.1 "Our strong momentum continued into 202 ...

Exhibit 99.1 XBP Europe Holdings, Inc. Reports First Quarter 2025 Results LONDON, UK and Santa Monica, CA, May 15, 2025 (GLOBE NEWSWIRE) – XBP Europe Holdings, Inc. ("XBP Europe" or "the Company") (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the quarter ended March 31, 2025. May 15, 2025 First Quarter 2025 Highlights "Our strong momentum continued into 202 ...

Acquisition and Business Strategy - The company is in the process of acquiring Williams Minerals, which holds a mining permit for a lithium mine in Zimbabwe, with a completion date extended to December 31, 2025[16]. - The acquisition involves a 70% ownership by the controlling shareholder and a 30% ownership by a non-affiliate, contingent upon various conditions being met[16]. - The anticipated benefits of the acquisition of Williams Minerals are subject to realization uncertainties[39]. - The acquisition of Williams Minerals is conditional upon various factors, including a cash payment of US$140 million and independent technical reports on lithium resources[138]. - The company has extended the long stop date for closing the acquisition of Williams Minerals to December 31, 2025, due to ongoing conditions precedent[138]. - Future acquisitions may dilute shareholder ownership and increase debt, with no assurance of successful integration or favorable terms[141]. - The company has limited experience in acquiring businesses, which may expose it to unknown risks and liabilities[144]. - The company is exploring strategic alternatives in non-natural resources sectors, which may include identifying potential partners or acquisition targets[39]. - The company is exploring business opportunities in non-natural resource sectors in addition to its current operations[177]. Financial Performance and Risks - The company has incurred losses from operations in each of the preceding three fiscal years of 2022, 2023, and 2024, with no assurance of future profitability[68]. - The company reported a deemed distribution of RMB20.38 million (US$2.79 million) to its controlling shareholder in 2024[51]. - The company has not made any capital contributions or received dividends from its subsidiaries during the reported periods[51]. - The company faces significant regulatory risks from the PRC government, which may influence its ability to conduct business and accept foreign investments[47]. - Recent policies from the PRC government could adversely affect the company's financial condition and operations[48]. - The company has incurred operating losses of CNY24.55 million, CNY9.14 million, and RMB7.20 million (US$0.99 million) for the fiscal years 2022, 2023, and 2024 respectively[145]. - The company has faced significant non-recurring expenses related to the acquisition of PST Technology, including legal and integration costs[134]. - The company may continue to incur operational costs related to ESG compliance, which could materially impact its financial condition[133]. Regulatory Environment - The company faces significant regulatory uncertainties in China that could impact its business operations and financial condition[37]. - The company is subject to the Holding Foreign Companies Accountable Act, which may lead to delisting if audit reports are not compliant[49]. - The PRC government may intervene in the company's operations, which could limit its ability to offer securities and negatively affect their value[59]. - The company is subject to complex PRC regulations regarding offshore offerings, which may require approvals or filings that could delay or prevent capital raising efforts[64]. - The company is currently not in compliance with the Nasdaq continued listing requirements, specifically the minimum bid price requirement of $1.00 per share[166]. - The company has been granted an additional 180 calendar days until June 30, 2025, to regain compliance with the bid price requirement[166]. - The company is subject to various government regulations regarding exploration activities, and failure to comply could result in fines or suspension of business permits[128]. - The company is currently engaged solely in metal exploration and mining activities in the Inner Mongolia Autonomous Region of the PRC after the sale of its wastewater treatment segment in July 2023[175]. Currency and Economic Factors - The fluctuation of the Renminbi may materially and adversely affect the company's financial condition and investment value[59]. - Fluctuations in the Renminbi exchange rate could materially affect the company's cash flows and financial condition, especially as most operating expenses are denominated in CNY[86]. - China's economic growth has been uneven, with potential fluctuations or declines anticipated in the near future, which may adversely affect the company's financial condition and results of operations[71]. - Government measures aimed at boosting the Chinese economy could lead to higher inflation, impacting operating costs such as employee compensation and office expenses[71]. Shareholder and Corporate Governance - Mr. Li Feilie holds approximately 54.5% of the company's outstanding common shares, allowing him significant influence over shareholder votes and corporate transactions[170]. - The company has 9,865,767 common shares issued and outstanding as of the date of the annual report[160]. - The company plans to issue up to 1,487,870 common shares at a price of $2.20 per share in a registered direct offering, with gross proceeds of approximately $3.27 million expected[160]. - Up to 1,115,903 common shares may be issued upon the exercise of warrants at a per share exercise price of $3.00[159]. - The company has adopted IFRS accounting principles, which differ from U.S. GAAP, and does not provide reconciliation of these principles[153]. - The company has historically engaged in substantial related party transactions, which may not be as favorable as those with unrelated parties due to lack of independent review[157]. Market Conditions and Commodity Prices - In 2024, lead prices fluctuated between CNY15,790 (US$2,164) and CNY20,050 (US$2,747) per ton, while silver prices ranged from CNY5,743 (US$787) to CNY8,733 (US$1,197) per kg, indicating significant market volatility[127]. - The SHFE lead price fluctuated significantly in 2024, starting at CNY15,900 (US$2,179) per ton and reaching an annual high of CNY20,050 (US$2,747) per ton, closing at CNY16,765 (US$2,297) per ton, representing an annual increase of approximately 5.61%[208]. - The SHFE silver price started at CNY5,972 (US$818) per kg, peaked at CNY8,733 (US$1,197) per kg, and closed at CNY7,470 (US$1,024) per kg, reflecting an annual increase of approximately 25%[212]. - World refined lead production in 2024 was 13,029 thousand tons, while refined usage was 12,998 thousand tons, indicating a slight decrease in both production and usage compared to previous years[209]. Environmental, Social, and Governance (ESG) Considerations - ESG issues are increasingly important to stakeholders, and failure to meet evolving expectations may negatively impact the company's reputation and increase costs[130]. - The company aims to enhance overall cost effectiveness and productivity while maintaining responsible environmental practices[205]. - The company is committed to delivering long-term value to shareholders and contributing to the economic and social development of the regions where it operates[211].