SuRo Capital(SSSS) - 2025 Q2 - Quarterly Results
2025-07-08 11:17
Net Asset Value and Financial Position - As of June 30, 2025, SuRo Capital's net asset value is estimated to be between $9.00 and $9.50 per share, up from approximately $6.94 per share at June 30, 2024[8]. - The company reported net assets of approximately $162.3 million as of June 30, 2025, compared to $156.8 million at March 31, 2025[8]. Portfolio and Investments - SuRo Capital held positions in 36 portfolio companies as of June 30, 2025, including 33 privately held and 3 publicly held[10]. - During the three months ended June 30, 2025, SuRo Capital invested $5.0 million in Class A Common Shares of Plaid Inc.[11]. - The company realized net proceeds of $25.3 million from the sale of 222,240 shares of CoreWeave, Inc., resulting in a gain of $15.3 million[11]. - SuRo Capital also realized net proceeds of $15.9 million from the sale of 151,515 shares of ServiceTitan, Inc., with a gain of $5.9 million[11]. Dividends and Future Announcements - On July 3, 2025, the Board of Directors declared a dividend of $0.25 per share, payable on July 31, 2025[12]. - The company expects to announce its second quarter results in August 2025[14]. Financial Estimates and Risks - The preliminary financial estimates provided are unaudited and subject to change, with actual results potentially differing materially[13]. - Forward-looking statements indicate potential risks and uncertainties that could impact future performance[15].
Energous(WATT) - 2025 Q2 - Quarterly Results
2025-07-29 11:05
Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Date of Report (Date of earliest event reported): July 8, 2025 ENERGOUS CORPORATION (Exact name of registrant as specified in its charter) Delaware 001-36379 46-1318953 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 3590 North First Street, Suite 330 San Jose, California 95134 (Address ...
EDC(EDUC) - 2026 Q1 - Quarterly Report
2025-07-07 21:01
Financial Performance - Net revenues for the three months ended May 31, 2025, decreased by $2.9 million, or 29.0%, to $7.1 million compared to $10.0 million for the same period in 2024[93]. - Gross margin for the PaperPie segment decreased by $2.2 million, or 37.9%, to $3.6 million for the three months ended May 31, 2025, with gross margin as a percentage of net revenues dropping to 59.3% from 65.3%[99]. - Operating income for the PaperPie segment decreased by $0.3 million, or 37.5%, to $0.5 million during the three months ended May 31, 2025[101]. - Net revenues for the Publishing segment decreased by $0.1 million, or 9.1%, to $1.0 million during the three-month period ended May 31, 2025[103]. - Gross margin for the Publishing segment decreased by $0.1 million, or 16.7%, to $0.5 million during the three-month period ended May 31, 2025[104]. Operating Expenses - Total operating expenses for the PaperPie segment decreased by $1.9 million, or 38.0%, to $3.1 million during the three-month period ended May 31, 2025[100]. - Total operating expenses for the Publishing segment decreased by $0.1 million, or 25.0%, to $0.3 million during the three-month period ended May 31, 2025[105]. Active Brand Partners - The average number of active Brand Partners decreased by 5,700, or 42.5%, to 7,700 during the three months ended May 31, 2025, from 13,400 in the same period a year ago[98]. - Approximately 15.4% of active Brand Partners maintained consignment inventory, totaling $1.2 million at May 31, 2025[134]. Cash Flow and Debt Management - The Company experienced positive cash inflows from operations of $1,396,500 during the first three months of fiscal year 2026[107]. - As of the end of the first fiscal quarter of 2026, the revolving bank credit facility loan balance was $4.2 million with $0.6 million in available capacity[106]. - The Company plans to reduce debt by selling the Hilti Complex, with proceeds expected to pay off Term Loans and the Revolving Loan[123]. Loan Agreements and Amendments - The Company executed the Second Amendment to the Loan Agreement, waiving the fixed charge ratio default and reducing the revolving commitment from $15 million to $14 million, effective May 10, 2023[112]. - The Third Amendment extended the Revolving Loan maturity date to January 31, 2024, and introduced a stepdown to the Revolving Commitment from $13.5 million to $4 million by January 31, 2024[113]. - The Fourth Amendment increased the Revolving Loan commitment to $8 million and extended the maturity date to May 31, 2024, while allowing additional purchase orders up to $2.1 million[115]. - The effective interest rate on the Revolving Loan was 10.31% at May 31, 2025, with a borrowing rate of SOFR + 6.00%[121]. Inventory Valuation - The Company has estimated a valuation allowance for both current and noncurrent inventory of $1.2 million as of May 31, 2025[135]. - Noncurrent inventory balances prior to valuation allowances were $17.6 million at May 31, 2025, with valuation allowances of $0.8 million[133]. - The Company has an allowance for credit losses estimated at $0.1 million for both May 31, 2025, and February 28, 2025[131]. Management Plans - Management's plans include reducing inventory to generate free cash flows and building the active PaperPie Brand Partners to pre-pandemic levels[123].
Golub Capital(GBDC) - 2025 Q3 - Quarterly Results
2025-07-07 20:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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): July 7, 2025 GOLUB CAPITAL BDC, INC. (Exact name of Registrant as Specified in Its Charter) Delaware 814-00794 27-2326940 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) __ 200 Park Avenue, 25th Floor, New York, NY 10166_ _ (Address of Pri ...
ChampionsGate Acquisition Corp Unit(CHPGU) - 2025 Q1 - Quarterly Report
2025-07-07 20:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER 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 001-42651 ChampionsGate Acquisition Corporation (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or ...
Allied Gaming & Entertainment (AGAE) - 2025 Q1 - Quarterly Report
2025-07-07 20:15
PART I: FINANCIAL INFORMATION This section presents the company's financial statements, management's discussion and analysis, market risk disclosures, and controls and procedures for the quarter ended March 31, 2025 [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements.) The company reported a net loss of $4.9 million for Q1 2025, driven by increased general and administrative expenses, with total assets rising to $117.9 million and liabilities to $45.0 million [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet shows total assets increased to $117.9 million, primarily due to a rise in short-term investments, while total liabilities grew to $45.0 million from increased loans payable Balance Sheet Summary (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $19,486 | $59,243 | | Short-term investments | $49,204 | $8,800 | | Total Current Assets | $98,009 | $94,746 | | **Total Assets** | **$117,861** | **$112,687** | | **Liabilities & Equity** | | | | Loans payable | $34,511 | $25,757 | | Total Current Liabilities | $40,706 | $30,478 | | **Total Liabilities** | **$44,972** | **$35,157** | | **Total Stockholders' Equity** | **$72,889** | **$77,530** | - Total assets increased by **$5.2 million**, primarily due to a **$40.4 million** increase in short-term investments, which was offset by a **$39.7 million** decrease in cash and cash equivalents[10](index=10&type=chunk) - Total liabilities increased by **$9.8 million**, mainly driven by an **$8.7 million** increase in loans payable[10](index=10&type=chunk) [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The statement of operations reveals a widened net loss of $4.9 million in Q1 2025, primarily due to a significant increase in general and administrative expenses Statement of Operations Summary (in thousands) | Account | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | **Revenues:** | | | | In-person | $1,657 | $1,255 | | Casual mobile gaming | $618 | $1,124 | | **Total Revenues** | **$2,275** | **$2,379** | | **Costs and Expenses:** | | | | General and administrative expenses | $5,481 | $2,858 | | **Total Costs and Expenses** | **$7,527** | **$5,055** | | **Loss From Operations** | **($5,252)** | **($2,675)** | | **Net Loss** | **($4,900)** | **($1,829)** | | **Net Loss per Share (Basic & Diluted)** | **($0.11)** | **($0.04)** | - Net loss attributable to common stockholders widened to **$4.8 million**, or **($0.11)** per share, compared to a loss of **$1.7 million**, or **($0.04)** per share, in the prior-year period[12](index=12&type=chunk) - The increase in net loss was primarily driven by a **92%** increase in general and administrative expenses, which rose to **$5.5 million** from **$2.9 million** year-over-year[12](index=12&type=chunk)[144](index=144&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Cash flow analysis indicates a net decrease in cash of $39.8 million, primarily driven by increased cash used in investing activities for short-term investments Cash Flow Summary (in thousands) | Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Cash Used In Operating Activities | ($2,184) | ($2,145) | | Net Cash Used in Investing Activities | ($45,092) | ($14,493) | | Net Cash Provided By Financing Activities | $7,506 | $7,627 | | **Net Decrease In Cash** | **($39,757)** | **($9,020)** | - Cash used in investing activities significantly increased to **$45.1 million**, mainly due to **$64.0 million** in purchases of short-term investments and a **$2.5 million** investment in an unconsolidated affiliate[20](index=20&type=chunk)[158](index=158&type=chunk) - Cash provided by financing activities was **$7.5 million**, resulting from **$19.2 million** in proceeds from short-term loans, partially offset by **$11.7 million** in repayments[20](index=20&type=chunk)[160](index=160&type=chunk) [Selected Notes to Financial Statements](index=9&type=section&id=Notes%20to%20Financial%20Statements) Key notes detail business segments, revenue trends, significant new investments, ongoing legal proceedings, and subsequent events including a terminated securities purchase agreement and CEO change - **Business Segments:** The company operates through three main subsidiaries: Allied Esports Media (AEM) for esports events, a **40%** interest in ZTech for casual mobile games in China, and a **51%** interest in Skyline for live entertainment events[25](index=25&type=chunk) - **Revenue Breakdown:** In Q1 2025, in-person revenue (events, sponsorships) increased to **$1.66 million** from **$1.26 million** YoY, while casual mobile gaming revenue decreased to **$0.62 million** from **$1.12 million** YoY[40](index=40&type=chunk)[45](index=45&type=chunk) - **New Investments:** In Q1 2025, the company invested **$64 million** in new short-term investments, including equity-linked, ETF-linked, and bond-linked notes, and made a **$2.4 million** investment in Flywheel AB3 for "The Angry Birds Movie 3"[64](index=64&type=chunk)[79](index=79&type=chunk) - **Legal Proceedings:** The company is involved in a second lawsuit with stockholder Knighted Pastures, LLC, alleging breach of fiduciary duty, which is currently stayed pending the company's 2024/2025 annual meeting, with no estimable potential loss[98](index=98&type=chunk)[99](index=99&type=chunk)[100](index=100&type=chunk) - **Subsequent Events:** On April 25, 2025, the company terminated a Securities Purchase Agreement with Blue Planet, refunding **$6.6 million**, and on June 24, 2025, Yinghua Chen resigned as CEO, succeeded by Yangyang (James) Li[119](index=119&type=chunk)[120](index=120&type=chunk) [Management's Discussion and Analysis (MD&A)](index=27&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) Management attributes the wider net loss to increased legal fees and declining mobile gaming revenue, while liquidity remains strong despite Nasdaq delisting concerns and a terminated securities agreement [Results of Operations](index=29&type=section&id=Results%20of%20Operations) Total revenues slightly decreased to $2.3 million, with in-person revenue growth offset by a significant decline in casual mobile gaming, leading to a wider operating loss Results of Operations Comparison (in thousands) | Account | Q1 2025 | Q1 2024 | Favorable (Unfavorable) | | :--- | :--- | :--- | :--- | | **Total Revenues** | **$2,275** | **$2,379** | **($104)** | | In-person | $1,657 | $1,255 | $402 | | Casual mobile gaming | $618 | $1,124 | ($506) | | **Total Costs and Expenses** | **$7,527** | **$5,055** | **($2,472)** | | General and administrative expenses | $5,481 | $2,858 | ($2,623) | | **Loss From Operations** | **($5,252)** | **($2,675)** | **($2,577)** | | **Net Loss** | **($4,900)** | **($1,829)** | **($3,071)** | - In-person revenues increased by **32%** due to higher revenue from arena events[139](index=139&type=chunk) - Casual mobile gaming revenue decreased by **45%** due to market contraction and increased competition[140](index=140&type=chunk) - General and administrative expenses increased by **92%** (**$2.6 million**), primarily from a **$3.2 million** increase in legal and professional fees related to a dissident stockholder complaint[144](index=144&type=chunk) [Liquidity and Capital Resources](index=31&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains a working capital surplus of $57.3 million, primarily supported by cash, short-term investments, and funds from the World Poker Tour sale Working Capital (in thousands) | | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Current Assets | $98,009 | $94,746 | | Current Liabilities | $40,706 | $30,478 | | **Working Capital Surplus** | **$57,303** | **$64,268** | - As of March 31, 2025, the company had cash and cash equivalents of **$19.5 million**, short-term investments of **$49.2 million**, and marketable securities of **$2.1 million**[154](index=154&type=chunk) - The primary source of liquidity has been cash and short-term investments, including funds from the previous sale of the World Poker Tour[153](index=153&type=chunk) [Corporate Developments](index=28&type=section&id=Corporate%20Developments) Recent corporate developments include the termination of a $6.6 million securities purchase agreement and ongoing Nasdaq non-compliance issues leading to a delisting appeal - On April 25, 2025, the company terminated a Securities Purchase Agreement from October 2024, refunding a **$6.6 million** purchase price to Blue Planet[130](index=130&type=chunk) - The company received deficiency letters from Nasdaq for late filings of its 10-K and 10-Q reports and for not holding an annual meeting within twelve months of its fiscal year-end[131](index=131&type=chunk)[132](index=132&type=chunk)[134](index=134&type=chunk) - Nasdaq has initiated procedures to delist the company's securities, which the company has appealed, with a hearing scheduled for July 31, 2025[134](index=134&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=33&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk.) The company has indicated that this section is not applicable for this reporting period - Not applicable[165](index=165&type=chunk) [Controls and Procedures](index=33&type=section&id=Item%204.%20Controls%20and%20Procedures.) Management, including the CEO and CFO, evaluated the company's disclosure controls and procedures and concluded they were effective as of March 31, 2025, with no material changes in internal control over financial reporting during the quarter - Based on an evaluation as of March 31, 2025, the CEO and CFO concluded that the company's disclosure controls and procedures were effective[166](index=166&type=chunk) - There were no changes in internal control over financial reporting during the quarter ended March 31, 2025, that have materially affected, or are reasonably likely to materially affect, internal controls[168](index=168&type=chunk) PART II: OTHER INFORMATION This section covers ongoing legal proceedings, significant risk factors related to Nasdaq listing compliance, and other standard disclosures for the reporting period [Legal Proceedings](index=34&type=section&id=ITEM%201.%20Legal%20Proceedings.) The company is engaged in ongoing litigation with stockholder Knighted Pastures, LLC, including a stayed breach of fiduciary duty complaint and a new lawsuit filed by the company - A complaint filed by Knighted Pastures, LLC in November 2024 regarding a transaction with Blue Planet is currently stayed by the court pending the outcome of the company's combined 2024/2025 annual meeting scheduled for August 4, 2025[173](index=173&type=chunk) - On June 11, 2025, the company filed a lawsuit against Knighted Pastures, LLC and others, alleging failure to disclose a coordinated group of stockholders acquiring more than **5%** of the company's stock[174](index=174&type=chunk) - A separate complaint filed in September 2024 by stockholder Timothy G Schuebel regarding the company's Shareholder Rights Plan is also pending[175](index=175&type=chunk) [Risk Factors](index=34&type=section&id=ITEM%201A.%20Risk%20Factors.) The primary risk factor is the company's non-compliance with Nasdaq listing requirements, leading to delisting procedures and potential severe impacts on stock price and liquidity - The company is not in compliance with Nasdaq Listing Rule 5250(c)(1) for late filings and Listing Rule 5620(a) for not holding an annual meeting within twelve months of its fiscal year-end[177](index=177&type=chunk)[181](index=181&type=chunk) - Nasdaq has determined to initiate procedures to delist the company's securities, a decision the company has appealed, with a hearing scheduled for July 31, 2025[181](index=181&type=chunk) - Potential consequences of delisting include limited market quotations, classification as a "penny stock," reduced analyst coverage, and a decreased ability to obtain future financing[182](index=182&type=chunk)[187](index=187&type=chunk) [Other Information (Items 2, 3, 4, 5, 6)](index=36&type=section&id=Other%20Information) This section confirms no unregistered sales of equity securities, no defaults on senior securities, no mine safety disclosures, and no Rule 10b5-1 trading arrangements by directors or officers during the quarter - **Item 2:** No unregistered sales of equity securities or purchases of equity by the issuer were made during the period[182](index=182&type=chunk)[183](index=183&type=chunk) - **Item 3 & 4:** There were no defaults upon senior securities, and mine safety disclosures are not applicable[184](index=184&type=chunk)[185](index=185&type=chunk) - **Item 5:** No director or officer adopted or terminated any Rule 10b5-1 trading arrangements during the quarter[186](index=186&type=chunk)
Biogen(BIIB) - 2025 Q2 - Quarterly Results
2025-07-31 10:13
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): July 7, 2025 Registrant's telephone number, including area code: (617) 679-2000 Not Applicable (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 225 Binney Street, Cambridge, Massachusetts 02142 Biogen Inc. Delaware 0-19311 33-0112644 (Add ...
EDC(EDUC) - 2026 Q1 - Quarterly Results
2025-07-07 20:00
Financial Results Announcement - Educational Development Corporation announced its fiscal 2026 first quarter financial results on July 7, 2025[5] - A press release detailing the financial results is included as Exhibit 99.1[7] Earnings Call - The earnings call for fiscal 2026 is scheduled for July 7, 2025, at 3:30 PM CT (4:30 PM ET)[6]
Enovix (ENVX) - 2026 Q2 - Quarterly Results
2025-07-31 20:27
Exhibit 99.1 Enovix Announces Preliminary Second Quarter 2025 Financial Results Q2 Revenue Exceeds High-End of Guidance, Up 98% Year Over Year FREMONT, Calif., July 7, 2025 -- Enovix Corporation (Nasdaq: ENVX) ("Company" or "Enovix"), a global high- performance battery company, today announced preliminary selected unaudited financial results for the second quarter ended June 29, 2025: 1 • Revenue was $7.5 million in the second quarter of 2025, exceeding our guidance range of $4.5 million to $6.5 million and ...
Molina Healthcare(MOH) - 2025 Q2 - Quarterly Results
2025-07-23 20:17
News Release Investor Contact: Jeffrey Geyer, Jeffrey.Geyer@molinahealthcare.com, 305-317-3012 Media Contact: Caroline Zubieta, Caroline.Zubieta@molinahealthcare.com, 562-951-1588 Molina Healthcare Announces Preliminary Second Quarter Financial Results and Updates Fiscal Year 2025 Earnings Per Share Guidance Long Beach, Calif., July 7, 2025 – Molina Healthcare, Inc. (NYSE: MOH) today announced preliminary financial results for the second quarter of 2025 and updated its full year 2025 adjusted earnings per s ...