QuickLogic(QUIK) - 2026 Q2 - Quarterly Report
2025-08-13 20:18
[Part I - Financial Information](index=4&type=section&id=Part%20I%20-%20Financial%20Information) This section provides QuickLogic's unaudited condensed consolidated financial statements and management's discussion and analysis for the period ended June 29, 2025 [Item 1. Unaudited Condensed Consolidated Financial Statements](index=4&type=section&id=Item%201.%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section presents QuickLogic's unaudited financial statements, including balance sheets, operations, and cash flows, with SensiML classified as a discontinued operation [Unaudited Condensed Consolidated Balance Sheets](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to $50.2 million, liabilities reduced to $22.6 million, and stockholders' equity increased to $27.7 million as of June 29, 2025 Condensed Consolidated Balance Sheet Highlights (in thousands) | Balance Sheet Item | June 29, 2025 | December 29, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $27,389 | $29,604 | | Cash, cash equivalents and restricted cash | $19,191 | $21,859 | | **Total Assets** | **$50,214** | **$51,933** | | **Total Current Liabilities** | $21,525 | $25,397 | | Revolving line of credit | $15,000 | $18,000 | | **Total Liabilities** | **$22,557** | **$27,046** | | **Total Stockholders' Equity** | **$27,657** | **$24,887** | [Unaudited Condensed Consolidated Statements of Operations](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations) Revenue declined to $3.7 million in Q2 2025, gross profit decreased significantly, and the net loss from continuing operations widened to $2.7 million Statement of Operations Summary (in thousands, except per share data) | Metric | Three Months Ended June 29, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 29, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | Revenue | $3,687 | $4,096 | $8,012 | $9,765 | | Gross Profit | $954 | $2,242 | $2,831 | $6,046 | | Operating Loss | $(2,522) | $(1,200) | $(4,503) | $(1,068) | | Net Loss from Continuing Operations | $(2,661) | $(1,229) | $(4,751) | $(1,156) | | Net Loss | $(2,670) | $(1,550) | $(4,861) | $(1,442) | | Diluted EPS (Continuing Operations) | $(0.17) | $(0.09) | $(0.30) | $(0.08) | [Unaudited Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities increased to $1.5 million, with a $2.7 million overall decrease in cash and equivalents for the six months ended June 29, 2025 Cash Flow Summary (in thousands) | Cash Flow Activity | Six Months Ended June 29, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | $(1,498) | $(73) | | Net cash used in investing activities | $(3,001) | $(4,473) | | Net cash provided by financing activities | $1,817 | $3,206 | | **Net decrease in cash** | **$(2,682)** | **$(1,340)** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the company's fabless semiconductor business, SensiML discontinuation, liquidity, revenue concentration, debt, and equity financing - In **Q1 2025**, the company **discontinued operations** at its **SensiML subsidiary** to focus resources on its core **eFPGA IP** and **ruggedized FPGA business**, with SensiML now accounted for as **held for sale**[20](index=20&type=chunk)[48](index=48&type=chunk) - The company's primary liquidity sources as of June 29, 2025, include **$19.2 million in cash**, a **$15.0 million advance** from its **revolving credit facility**, and **$5.6 million in net proceeds** from recent **stock sales**[23](index=23&type=chunk) - In **Q2 2025**, the company recorded a **full impairment charge of $0.3 million** on a **non-marketable equity investment**[44](index=44&type=chunk) - For the **six months ended June 29, 2025**, **one customer**, "Customer A", accounted for **64% of revenue** from **continuing operations**[100](index=100&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=29&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance, strategic shift to core eFPGA IP, revenue decline, gross profit impact, and liquidity for the next twelve months [Results of Operations](index=33&type=section&id=Results%20of%20Operations) Q2 2025 revenue decreased by 10% to $3.7 million, gross profit fell 57%, and operating loss widened to $2.5 million due to lower sales and higher costs Q2 Revenue from Continuing Operations (in thousands) | Product Category | Q2 2025 | Q2 2024 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | New products | $2,918 | $3,026 | $(108) | (4)% | | Mature products | $769 | $1,070 | $(301) | (28)% | | **Total revenue** | **$3,687** | **$4,096** | **$(409)** | **(10)%** | Q2 Gross Profit from Continuing Operations (in thousands) | Metric | Q2 2025 | Q2 2024 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue | $3,687 | $4,096 | $(409) | (10)% | | Cost of revenue | $2,733 | $1,854 | $879 | 47% | | **Gross profit** | **$954** | **$2,242** | **$(1,288)** | **(57)%** | - The **decrease in R&D expenses by $0.2 million** in **Q2 2025** compared to Q2 2024 was primarily due to **increased labor allocations** to **Cost of Revenue** for fulfilling revenue contracts[140](index=140&type=chunk) - A **$0.3 million impairment charge** was recorded in **Q2 2025** related to the company's **non-marketable equity investment**[142](index=142&type=chunk) [Liquidity and Capital Resources](index=42&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity is supported by $19.2 million cash, a $15.0 million credit facility, and $5.6 million from recent equity offerings, deemed sufficient for the next twelve months - The company secured **net proceeds of approximately $1.5 million** from a **registered direct offering** in **March 2025** and **$4.1 million** from an **ATM offering** as of **June 29, 2025**[167](index=167&type=chunk)[168](index=168&type=chunk) - The revolving line of credit's **maturity date extended to December 31, 2026**, with **$15.0 million outstanding** at an **interest rate of 8.00%** as of June 29, 2025[170](index=170&type=chunk) Summary of Cash Flows (in thousands) | Cash Flow Activity | Six Months Ended June 29, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | $(1,498) | $(73) | | Net cash used in investing activities | $(3,001) | $(4,473) | | Net cash provided by financing activities | $1,817 | $3,206 | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=44&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This item is not applicable for the current reporting period - The company has determined that quantitative and qualitative disclosures about market risk are **not applicable** for this reporting period[187](index=187&type=chunk) [Item 4. Controls and Procedures](index=44&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective, with no material changes to internal control over financial reporting during the quarter - The Chief Executive Officer and Chief Financial Officer concluded that the company's **disclosure controls and procedures were effective** at a **reasonable assurance level** as of the end of the period[188](index=188&type=chunk)[189](index=189&type=chunk) - **No changes in internal control over financial reporting** occurred during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[191](index=191&type=chunk) [Part II - Other Information](index=46&type=section&id=Part%20II%20-%20Other%20Information) This section covers legal proceedings, risk factors, and other information, including trading arrangements of directors and officers [Item 1. Legal Proceedings](index=46&type=section&id=Item%201.%20Legal%20Proceedings) No legal proceedings are reported for the current period - The company reported **no legal proceedings**[194](index=194&type=chunk) [Item 1A. Risk Factors](index=46&type=section&id=Item%201A.%20Risk%20Factors) No material changes to previously disclosed risk factors were reported - There have been **no material changes** to the **risk factors** disclosed in the company's 2024 Annual Report on Form 10-K[195](index=195&type=chunk) [Item 5. Other Information](index=46&type=section&id=Item%205.%20Other%20Information) No Rule 10b5-1 or non-Rule 10b5-1 trading arrangements were adopted or terminated by directors or officers during Q2 2025 - **No directors or officers adopted or terminated** any **Rule 10b5-1 or non-Rule 10b5-1 trading arrangements** during the **second quarter of 2025**[197](index=197&type=chunk)
MultiSensor AI(MSAI) - 2025 Q2 - Quarterly Results
2025-08-13 20:18
Exhibit 99.1 MultiSensor AI Announces Second Quarter 2025 Results Houston, TX, August 13, 2025 – MultiSensor AI Holdings, Inc. (NASDAQ: MSAI) (the "Company" or "MSAI"), a pioneer in condition-based monitoring and predictive maintenance, today announced financial results for the second quarter ended June 30, 2025. Asim Akram, CEO and President, commented: "Our actions in my first 30 days have been aligned with and in support of MultiSensor AI's broader strategic growth priorities. We've taken immediate steps ...
SportsMap Tech Acquisition (SMAP) - 2025 Q2 - Quarterly Results
2025-08-13 20:18
[Company Overview & Executive Summary](index=1&type=section&id=Company%20Overview%20%26%20Executive%20Summary) MultiSensor AI Holdings, Inc. announced Q2 2025 financial results, outlining a new strategic course focused on talent, customer value, and operational excellence, while detailing its intelligent multi-sensing platform capabilities [Introduction](index=1&type=section&id=Introduction) MultiSensor AI Holdings, Inc. announced its financial results for the second quarter ended June 30, 2025, highlighting its position as a pioneer in condition-based monitoring and predictive maintenance - MultiSensor AI Holdings, Inc. (NASDAQ: MSAI) announced financial results for the second quarter ended June 30, 2025[1](index=1&type=chunk) [Management Commentary](index=1&type=section&id=Management%20Commentary) CEO Asim Akram outlined a new strategic course focusing on talent acquisition, customer value, and operational excellence. CFO Robert Nadolny noted improved liquidity from subscription renewals offsetting hardware sales decline and highlighted cost optimization initiatives for long-term profitability and scalable growth - CEO Asim Akram emphasized a new strategic course, including recruiting industry-leading talent with deep expertise in B2B sales, product and commercial marketing, AI-driven solutions, and advanced capabilities in predictive maintenance[2](index=2&type=chunk) - CFO Robert Nadolny reported that upfront payments from subscription renewals strengthened liquidity and helped offset the decline in stand-alone hardware sales, consistent with a strategic shift toward being a solution-focused, hardware-agnostic partner[3](index=3&type=chunk) - Strategic cost optimization initiatives were executed to align the expense base with current operations, aiming to enhance long-term profitability, preserve agility, and position MSAI for scalable and efficient growth[3](index=3&type=chunk) [About MultiSensor AI](index=3&type=section&id=About%20MultiSensor%20AI) MultiSensor AI develops and deploys intelligent multi-sensing platforms that integrate edge and cloud software solutions leveraging artificial intelligence. Their integrated solutions use data from various sensors to protect critical assets, providing actionable insights to minimize downtime, reduce maintenance costs, prevent hazards, and extend asset life - MultiSensor AI builds and deploys intelligent multi-sensing platforms incorporating edge and cloud software solutions that leverage artificial intelligence[8](index=8&type=chunk) - MSAI's integrated solutions utilize data from an array of sensors and sensor modalities, including high-resolution thermal imagers, visible and acoustic imagers, as well as vibration and laser spectroscopy sensors, to protect customers' most critical assets[8](index=8&type=chunk) - The platform combines condition-based monitoring data with proprietary edge and cloud software to generate actionable insights that minimize unplanned downtime, reduce maintenance costs, prevent hazards, and extend asset life[8](index=8&type=chunk) [Second Quarter 2025 Financial Performance](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Performance) MultiSensor AI reported a 33% revenue decrease to $1.4 million in Q2 2025, driven by lower hardware sales, but saw software revenue growth and improved net loss due to reduced operating expenses [Financial Highlights](index=1&type=section&id=Financial%20Highlights) MultiSensor AI reported a 33% decrease in Q2 2025 revenue to $1.4 million, primarily due to an expected reduction in stand-alone hardware sales. However, software revenue grew 37% to $0.4 million, and subscription renewals provided upfront cash, strengthening liquidity Q2 2025 Financial Highlights | Metric | Q2 2025 (USD Million) | Q2 2024 (USD Million) | Change (%) | | :------------------- | :-------------------- | :-------------------- | :--------- | | Total Revenue | $1.4 | $2.1 | -33% | | Software Revenue | $0.4 | $0.3 | +37% | - The decrease in total revenue was primarily due to an expected reduction in stand-alone hardware sales[6](index=6&type=chunk) - Subscription renewals for a global distributor commenced in June 2025, with upfront cash received for the 12-month subscription term, strengthening liquidity[6](index=6&type=chunk) [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The company's condensed consolidated statements of operations show a net loss of $(3.322) million for Q2 2025, an improvement from $(6.393) million in Q2 2024, despite a decrease in net revenue. The operating loss also improved, driven by lower share-based compensation and other expenses Condensed Consolidated Statements of Operations (Q2 2025 vs Q2 2024) | Metric (in thousands USD) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :-------------------------------- | :------------------------------- | :------------------------------- | | Revenue, net | $1,419 | $2,125 | | Cost of goods sold | $1,084 | $538 | | Total operating expenses | $3,653 | $6,434 | | Operating loss | $(3,318) | $(4,847) | | Net loss | $(3,322) | $(6,393) | | Net loss per share, basic and diluted | $(0.10) | $(0.47) | Condensed Consolidated Statements of Operations (Six Months Ended June 30, 2025 vs 2024) | Metric (in thousands USD) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------------------- | :------------------------------- | :------------------------------- | | Revenue, net | $2,589 | $4,400 | | Cost of goods sold | $1,560 | $1,707 | | Total operating expenses | $8,964 | $9,871 | | Operating loss | $(7,935) | $(7,412) | | Net loss | $(7,758) | $(10,316) | | Net loss per share, basic and diluted | $(0.23) | $(0.80) | - Share-based compensation expense significantly decreased from **$3,326 thousand** in Q2 2024 to **$423 thousand** in Q2 2025, contributing to the reduction in total operating expenses[11](index=11&type=chunk) [Strategic Business Developments](index=1&type=section&id=Strategic%20Business%20Developments) MultiSensor AI accelerated talent acquisition, streamlined its portfolio to focus on IoT-enabled, AI-driven solutions, expanded into data centers, and achieved significant automotive sector milestones [Strategic Business Highlights](index=1&type=section&id=Strategic%20Business%20Highlights) MultiSensor AI accelerated talent acquisition across key functions, simplified its portfolio to focus on core industry verticals with IoT-enabled, AI-driven solutions, and expanded target applications to include data centers. The company also achieved significant milestones in the automotive sector with new pilot implementations and launched new applications with a global distributor for various critical infrastructure monitoring - Accelerated the induction of critical talent across Product, Engineering, and Commercial functions to strengthen the foundation for growth, bringing deep industry expertise in AI, IoT, and go-to-market strategy[6](index=6&type=chunk) - Simplified the portfolio to enable sharper focus on core industry verticals, concentrating resources on IoT-enabled, AI-driven solutions that directly address challenges within target markets[6](index=6&type=chunk) - Strategically expanded target applications to include data centers, with successful pilots validating potential value in cooling management and server load balancing, and prioritizing a focused go-to-market effort in the second half of 2025[6](index=6&type=chunk) - Completed the first pilot implementation with a second Big-3 automaker to monitor lithium-ion battery packs for thermal runaway and partnered with a first Big-3 automaker to launch an advanced pilot featuring dual-vision hardware sensors for enhanced early fire detection[6](index=6&type=chunk)[7](index=7&type=chunk) - Launched new applications with a global distributor, including pilot programs focused on monitoring rooftop solar installations, critical power systems within facilities, and last-mile infrastructure[7](index=7&type=chunk) [Additional Information](index=3&type=section&id=Additional%20Information) This section provides a legal disclaimer regarding forward-looking statements, highlighting inherent risks and uncertainties, and includes company contact information [Forward-Looking Statements](index=3&type=section&id=Forward%20Looking%20Statements) This section serves as a legal disclaimer, identifying forward-looking statements within the press release and cautioning readers about inherent risks, uncertainties, and assumptions that could cause actual outcomes to differ materially from projections. The company disclaims any obligation to update these statements - The press release contains "forward-looking statements" as defined by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995[9](index=9&type=chunk) - Forward-looking statements are subject to risks, uncertainties, and assumptions, some of which are beyond the company's control, and actual outcomes may differ materially from the information contained in these statements[9](index=9&type=chunk) - The Company expressly disclaims any obligations to publicly update any forward-looking statements, whether written or oral, that may be made from time to time, except as required by applicable law[9](index=9&type=chunk) [Contact Information](index=3&type=section&id=MSAI%20Contact) Provides contact details for MultiSensor AI, including an investor relations email and website - Investor Relations contact information: e-mail: ir@multisensorai.com, website: www.multisensorai.com[10](index=10&type=chunk)
Dyadic(DYAI) - 2025 Q2 - Quarterly Results
2025-08-13 20:17
Exhibit 99.1 Dyadic Reports Second Quarter 2025 Financial Results and Highlights of Recent Company Progress "Q2 marked a pivotal turning point in Dyadic's evolution as we advanced our transformation from a technology development organization to a market-facing, revenue-focused biotechnology company. Our rebranding to Dyadic Applied BioSolutions and strategic realignment have sparked renewed interest across our ecosystem — from partners and customers to investors — and reflect our commitment to commercial ex ...
Barfresh(BRFH) - 2025 Q2 - Quarterly Results
2025-08-13 20:17
[Executive Summary & Business Update](index=1&type=section&id=Executive%20Summary%20%26%20Business%20Update) Barfresh Food Group reported an 11% year-over-year revenue increase to **$1.6 million** for Q2 2025, achieving a **31%** gross margin, with operational challenges resolved by a new co-manufacturer. - **Q2 2025 Key Highlights**: * Revenue: Increased **11%** Year-over-Year to **$1.6 million**[1](index=1&type=chunk) * Gross Margin: Achieved **31%**[1](index=1&type=chunk) * New Co-Manufacturer: Completed equipment installation at the end of Q2 2025 and commenced increased supply for Q3 2025[1](index=1&type=chunk) * Outlook: Company expects an increase in revenue and gross margin for the second half of 2025 compared to the first half of 2025[1](index=1&type=chunk) - **Management Commentary**: * CEO Riccardo Delle Coste noted **11%** year-over-year revenue growth and solid margin performance despite ongoing operational challenges[2](index=2&type=chunk) * The co-manufacturing partner completed equipment installation, resolving temporary inefficiencies and elevated logistics costs that impacted first-half results[2](index=2&type=chunk) * Barfresh now has two manufacturers producing product and is focused on building consistent production capabilities[2](index=2&type=chunk) * The company maintains its guidance for double-digit year-over-year revenue growth for the full year, though expectations are adjusted to reflect the greater impact of operational challenges[2](index=2&type=chunk) * Investments in manufacturing capacity and operational improvements are building a more scalable platform for growth and improved margins over time[2](index=2&type=chunk) [Second Quarter of 2025 Financial Results](index=1&type=section&id=Second%20Quarter%20of%202025%20Financial%20Results) Barfresh's Q2 2025 revenue grew **11%** to **$1.6 million**, primarily driven by expanded bottle capacity, while gross margin decreased to **31.1%** due to product mix and new manufacturer trial costs. [Revenue Performance](index=1&type=section&id=Revenue%20Performance) Revenue increased **11%** to **$1.6 million** in Q2 2025, primarily due to expanded bottle capacity. Q2 and H1 2025 Revenue Performance | Metric | Q2 2025 | Q2 2024 | YoY Change (Q2) | H1 2025 | H1 2024 | | :----- | :------ | :------ | :-------------- | :------ | :------ | | Revenue | $1,625,000 | $1,464,000 | +11% | $4,555,000 | $4,293,000 | - The increase in revenue is primarily driven by expanded bottle capacity at an additional manufacturing location developed since the fourth quarter of 2024[3](index=3&type=chunk) [Gross Profit and Margin Analysis](index=1&type=section&id=Gross%20Profit%20and%20Margin%20Analysis) Gross profit slightly decreased in Q2 2025, with gross margin declining to **31.1%** due to product mix and new manufacturer trial costs. Q2 and H1 2025 Gross Profit and Margin | Metric | Q2 2025 | Q2 2024 | Change (Q2) | H1 2025 | H1 2024 | | :---------------- | :------ | :------ | :---------- | :------ | :------ | | Gross Profit | $506,000 | $509,000 | -$3,000 | $1,406,000 | $1,679,000 | | Gross Margin | 31.1% | 34.8% | -3.7 pp | 30.9% | 39.1% | | Adjusted Gross Margin | 31.1% | 35.1% | -4.0 pp | 30.9% | 40.3% | - The decrease in gross margin is a result of product mix and new manufacturer trial and development costs, including inefficiencies during the early production period incurred to gain additional production volume[4](index=4&type=chunk) [Operating Expenses](index=1&type=section&id=Operating%20Expenses) Q2 2025 operating expenses included **$634,000** for selling, marketing & distribution and **$673,000** for G&A. Q2 2025 Operating Expenses | Metric | Q2 2025 | Q2 2024 | | :-------------------------- | :------ | :------ | | Selling, marketing & distribution | $634,000 (39% of revenue) | $583,000 (40% of revenue) | | G&A expenses | $673,000 | $865,000 | [Net Loss and Adjusted EBITDA](index=1&type=section&id=Net%20Loss%20and%20Adjusted%20EBITDA) Net loss improved to **$(880,000)** and Adjusted EBITDA loss narrowed to **$(600,000)** in Q2 2025. Q2 and H1 2025 Net Loss and Adjusted EBITDA | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :-------------- | :-------- | :-------- | :-------- | :-------- | | Net Loss | $(880,000) | $(1,011,000) | $(1,641,000) | $(1,460,000) | | Adjusted EBITDA | $(600,000) | $(682,000) | $(1,106,000) | $(629,000) | [Balance Sheet Snapshot](index=2&type=section&id=Balance%20Sheet%20Snapshot) As of June 30, 2025, the balance sheet shows approximately **$1.3 million** in cash and accounts receivable, and **$1.8 million** in inventory. Balance Sheet as of June 30, 2025 | Asset Category | Amount | | :----------------------- | :----------- | | Cash and Accounts Receivable | ~$1.3 million | | Inventory | ~$1.8 million | [Non-GAAP Financial Measures](index=2&type=section&id=Non-GAAP%20Financial%20Measures) Barfresh presents non-GAAP measures, including Adjusted Gross Profit, EBITDA, and Adjusted EBITDA, to provide investors with a clearer understanding of the company's core business performance. - Management believes that Adjusted Gross Profit and Adjusted EBITDA provide useful information to investors as they are directly reflective of the Company's performance[7](index=7&type=chunk) - The exclusion of certain items (e.g., manufacturing relocation costs, stock compensation, product withdrawal costs, business development expenses) in calculating Adjusted Gross Profit and Adjusted EBITDA aims to provide a useful measure for period-to-period comparisons of the Company's core business performance[7](index=7&type=chunk) - Adjusted Gross Profit and Adjusted EBITDA are not recognized measurements under GAAP and should not be considered as alternatives to GAAP measures[7](index=7&type=chunk) [Updated Outlook for 2025](index=3&type=section&id=Updated%20Outlook%20for%202025) Barfresh has successfully resolved bottling production and logistics constraints, positioning the company for stronger second-half performance, though fiscal year 2025 revenue guidance has been revised downwards. - The bottling production and logistics constraints, which persisted throughout the second quarter with greater-than-anticipated impact, are believed to have been resolved[13](index=13&type=chunk) - With the second co-manufacturing partner's equipment installation complete and production capability expanded, Barfresh is positioned for stronger performance in the second half of the year[13](index=13&type=chunk) Revised Fiscal Year 2025 Revenue Guidance | Metric | Previous Guidance | Revised Guidance | | :---------------- | :---------------- | :--------------- | | FY2025 Revenue | $14.5 million to $16.6 million | $12.5 million to $14.0 million | [Company Information and Disclosures](index=3&type=section&id=Company%20Information%20and%20Disclosures) This section provides details on the upcoming conference call for investors, an overview of Barfresh Food Group's business operations, and important disclaimers regarding forward-looking statements. [Conference Call Details](index=3&type=section&id=Conference%20Call) This section provides details for the upcoming Q2 2025 earnings conference call, including access information. - **Conference Call Schedule**: * **Date & Time**: Wednesday, August 13, 2025, at 1:30 pm Pacific Time (4:30 pm Eastern Time)[15](index=15&type=chunk) * **Dial-in (North America)**: (877) 407-4018[15](index=15&type=chunk) * **Dial-in (International)**: (201) 689-8471[15](index=15&type=chunk) * **Telephonic Playback**: Available approximately two hours after the call until Tuesday, August 26, 2025. Passcode: 13754380[15](index=15&type=chunk) * **Webcast**: Accessible on the Company's website at www.barfresh.com in the Investors-Presentations section[15](index=15&type=chunk) [About Barfresh Food Group](index=3&type=section&id=About%20Barfresh%20Food%20Group) Barfresh Food Group develops and distributes ready-to-blend and ready-to-drink beverages for the education and foodservice markets. - **Company Overview**: * **Business**: Developer, manufacturer, and distributor of ready-to-blend and ready-to-drink beverages, including smoothies, shakes, and frappes[16](index=16&type=chunk) * **Primary Markets**: Education market, foodservice industry, and restaurant chains[16](index=16&type=chunk) * **Product Formats**: Fully prepared individual portions or single serving and bulk formats for on-site preparation[16](index=16&type=chunk) * **Proprietary System**: Utilizes portion-controlled pre-packaged beverage ingredients for quick, cost-efficient, healthier, and waste-free freshly made frozen beverages[16](index=16&type=chunk) [Forward-Looking Statements](index=3&type=section&id=Forward%20Looking%20Statements) This section clarifies that statements regarding future performance are forward-looking and subject to inherent risks and uncertainties. - Statements in the press release regarding commercial progress, strategic relationships, and future financial performance are forward-looking[17](index=17&type=chunk) - These statements are based on certain assumptions and are subject to risks and uncertainties, which may cause actual results to vary materially[17](index=17&type=chunk) - The Company expressly disclaims any current intention to publicly update any forward-looking statements after the distribution of this release[17](index=17&type=chunk) [Investor Relations](index=3&type=section&id=Investor%20Relations) Investor relations contact information is provided for inquiries regarding Barfresh Food Group. - **Investor Relations Contacts**: * John Mills, ICR, 646-277-1254, John.Mills@icrinc.com[18](index=18&type=chunk) * Deirdre Thomson, ICR, 646-277-1283, Deirdre.Thomson@icrinc.com[18](index=18&type=chunk)
FGI Industries .(FGI) - 2025 Q2 - Quarterly Report
2025-08-13 20:17
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-Q _____________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FGI Industries Ltd. (Exact name of registrant as specified in its charter) ____ ...
Greenidge Generation(GREE) - 2025 Q2 - Quarterly Report
2025-08-13 20:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________ FORM 10-Q ________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR o 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: 001-40808 ____________ ...
Adial Pharmaceuticals(ADIL) - 2025 Q2 - Quarterly Report
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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 quarterly period ended June 30, 2025 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: 001-38323 ADIAL PHARMACEUTICALS, INC. (Exact Name of Registrant as Specified in its Charter) | Delaware | 82-3074668 | ...
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 June 30, 2025 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: 001-39247 ENLIVEN THERAPEUTICS, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 81-1523849 (S ...
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 June 30, 2025 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: 001-39247 ENLIVEN THERAPEUTICS, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 81-1523849 (S ...