Iron Horse Acquisitions Corp.(IROHU) - 2025 Q4 - Annual Report
2026-03-31 21:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 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 001-40272 CN Healthy Food Tech Group Corp. (Exact name of registrant as specified in its charter) | Delaware ...
Iron Horse Acquisitions(IROH) - 2025 Q4 - Annual Report
2026-03-31 21:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 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 001-40272 CN Healthy Food Tech Group Corp. (Exact name of registrant as specified in its charter) | Delaware ...
Reading International(RDI) - 2025 Q4 - Annual Results
2026-03-31 21:23
Put For more information, contact: Gilbert Avanes – EVP, CFO, and Treasurer (213) 235-2240 Reading International Reports Fourth Quarter and Full Year 2025 Results Earnings Call Webcast to Discuss 2025 Fourth Quarter and Full Year Financial Results Scheduled to Post to Corporate Website by Thursday, April 02, 2026 New York, New York - March 31, 2026: Reading International, Inc. (NASDAQ: RDI) ("Reading" or our "Company"), an internationally diversified cinema and real estate company with operations and assets ...
Reading International(RDIB) - 2025 Q4 - Annual Results
2026-03-31 21:23
Put For more information, contact: Gilbert Avanes – EVP, CFO, and Treasurer (213) 235-2240 Reading International Reports Fourth Quarter and Full Year 2025 Results Earnings Call Webcast to Discuss 2025 Fourth Quarter and Full Year Financial Results Scheduled to Post to Corporate Website by Thursday, April 02, 2026 New York, New York - March 31, 2026: Reading International, Inc. (NASDAQ: RDI) ("Reading" or our "Company"), an internationally diversified cinema and real estate company with operations and assets ...
KULR Technology (KULR) - 2025 Q4 - Annual Report
2026-03-31 21:23
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the co ...
skillz(SKLZ) - 2025 Q4 - Annual Report
2026-03-31 21:23
Business Model and Technology - Skillz's platform enables game developers to monetize their content through multi-player competitions, allowing for real-money tournaments and virtual prizes [37]. - Skillz's proprietary platform ensures fair player matching, which is critical for maintaining trust and integrity in skill-based gaming [29]. - Skillz's technology platform enhances user engagement and retention by monetizing through competitions rather than traditional in-game advertisements [41]. - The company aims to transition from a turnaround phase to sustainable growth, focusing on high-integrity, data-driven digital businesses [34]. - The company utilizes advanced data science technologies for anti-cheat and anti-fraud measures, enhancing the overall gaming experience [52]. - Skillz's LiveOps system automates user experience management across games, optimizing engagement and retention with minimal resources [48]. - The company launched the $75 million Skillz Developer Program in February 2025, aiming to support approximately 25 games over the next three years [59]. - The company’s games initially go live with free-to-play capabilities before applying for prize competitions, ensuring quality through proprietary algorithms [60]. - The company’s distribution includes direct app downloads and third-party platforms, with Apple not taking a share of end-user deposits on their system [65]. Legal and Regulatory Challenges - The company is involved in ongoing litigation regarding bot misuse, which may impact its competitive position and financial condition [94]. - The company is currently disputing Tether's termination of agreements, which could have a material adverse effect on its business and results of operations [107]. - The company faces risks from using third-party open-source software and AI technologies, which could lead to legal claims and compliance issues [144]. - The company is subject to scrutiny from media, investors, and regulators, which could impact its brand and financial condition [123]. - The company anticipates increased scrutiny and regulation in the online gaming industry, necessitating the allocation of legal resources to address compliance [183]. - Non-compliance with applicable laws could expose the company to claims, litigation, and substantial fines, adversely affecting its reputation and financial condition [186]. - The company may incur fines of up to 4% of global annual revenue under GDPR for certain violations, highlighting the financial risks associated with data protection compliance [170]. - The company is subject to various state-level AI regulations, creating a complex compliance landscape that could affect operations and financial results [174]. Financial Performance and Risks - As of December 31, 2025, the company had an accumulated deficit of $1,091.7 million, indicating ongoing financial challenges [205]. - The company has experienced net losses in each period since inception, highlighting difficulties in achieving profitability [205]. - The aggregate indebtedness under the company's senior secured notes was $129.7 million, maturing in December 2026, which may impact financial flexibility [214]. - The company expects to continue to expend substantial financial resources on expanding its developer and consumer base, technology, and marketing efforts [206]. - Operating margins may face downward pressure due to increasing competition and rising user acquisition costs [206]. - The company may require additional capital to support growth plans, which may not be available on acceptable terms, potentially hampering business expansion [211]. - The company’s ability to generate cash flow from operations is uncertain, which may affect its ability to service or repay debt obligations [216]. - Fluctuations in financial results may occur due to seasonality and other unpredictable factors, impacting overall business performance [208]. Market and Economic Conditions - Economic downturns and geopolitical conflicts may adversely impact consumer spending on the company's platform [161]. - The company faces risks from global economic weakness and geopolitical instability, which could adversely affect user engagement and revenue [163]. - General economic, political, and market conditions, such as recessions and interest rate changes, may negatively impact stock prices [219]. - The trading price of the Class A common stock has been volatile and may continue to fluctuate widely due to various uncontrollable factors [219]. Employee and Workforce Management - The company is focused on maintaining a diverse and engaged workforce, as misalignment with employee expectations could harm productivity and retention [158]. - The company is facing challenges in attracting and retaining skilled employees in a competitive labor market, which could impair its strategic objectives [160]. - Customer service levels must be maintained as the paying user base grows, requiring more complex management systems [139]. Intellectual Property and Innovation - The company has 90 patents granted and 112 patents pending worldwide as of December 31, 2025, focusing on various categories of innovation [78]. - The company has filed for various intellectual property protections, but the outcomes of these applications are uncertain and could affect its competitive position [196]. - The company may face challenges in protecting its AI-related intellectual property due to ongoing legal uncertainties in this field [197]. - Use of AI technologies in software development may lead to potential intellectual property infringement claims if generated code is too similar to proprietary or open-source code [198]. User Acquisition and Marketing - The company utilizes digital ad networks and affiliate partners for user acquisition, optimizing marketing investments across channels [66]. - The company has significant opportunities to extend marketing channels to offline media and engage in brand marketing to increase awareness [68]. - The company aims to achieve viral organic growth and gain user interest in featured games through both free and paid channels [119]. - Monthly Active Users (MAUs) and Paying Monthly Active Users (Paying MAUs) are key metrics tracked, with MAUs defined as users entering contests at least once a month [125]. - Average Revenue Per Monthly Active User (ARPU) and Average Revenue Per Paying Monthly Active User (ARPPU) are calculated to assess revenue generation efficiency [125]. Cybersecurity and Operational Risks - Cybersecurity incidents pose a significant risk, with potential impacts on business operations and brand reputation [131]. - The company relies heavily on Amazon Web Services (AWS) for game traffic, data storage, and processing, which poses risks if there are service interruptions [140]. - The company does not maintain insurance policies for system-related losses, increasing vulnerability to service disruptions and data loss [142]. - A significant portion of the company's operations is dependent on third-party service providers, and any termination of agreements could lead to substantial costs and downtime [143]. - The company relies on third-party payment processors for transactions, and any failure in these relationships could damage user trust and operational capabilities [149]. - Nearly all payments are processed through credit and debit cards, exposing the company to regulatory risks and potential penalties for non-compliance [151].
FG Imperii Acquisition(FGIIU) - 2025 Q4 - Annual Report
2026-03-31 21:22
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 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 No. 001-42493 FG IMPERII ACQUISITION CORP. | (Exact name of registrant as specified in its charter) | | | | --- | --- | --- | | Cayman I ...
AMCI ACQUISITION(AMCI) - 2025 Q4 - Annual Results
2026-03-31 21:21
Financial Performance - LanzaTech reported fourth-quarter 2025 revenue of $28.0 million, a 133% increase from $12.0 million in the fourth quarter of 2024, and full-year revenue of $55.8 million, up from $49.6 million in 2024[5]. - The company's net loss for the fourth quarter of 2025 was $0.1 million, significantly improved from a net loss of $27.0 million in the fourth quarter of 2024, while the full-year net loss decreased to $49.0 million from $137.7 million[10]. - Adjusted EBITDA for the fourth quarter of 2025 was $2.4 million, compared to a loss of $21.2 million in the fourth quarter of 2024, with a full-year adjusted EBITDA loss of $71.3 million, an improvement from a loss of $88.2 million in 2024[14]. - Total revenues for the year ended December 31, 2025, increased to $55,845,000, up 12.7% from $49,592,000 in 2024[29]. - The company reported a net loss of $48,951,000 for the year ended December 31, 2025, compared to a net loss of $137,731,000 in 2024, indicating a significant improvement[30]. - The company reported a comprehensive loss of $48,900,000 for the year ended December 31, 2025, compared to a comprehensive loss of $138,703,000 in 2024, indicating improved financial performance[30]. Cash and Assets - The company had $17.1 million in total cash and restricted cash as of December 31, 2025, down from $58.1 million at the end of 2024, reflecting cash used for operations and limited new funding inflows[15]. - Cash and cash equivalents decreased to $17,051,000 as of December 31, 2025, down from $45,737,000 at the end of 2024[34]. - Total assets decreased to $100,207,000 as of December 31, 2025, from $174,683,000 in 2024, reflecting a reduction in current and non-current assets[26]. - Total liabilities decreased to $90,930,000 as of December 31, 2025, down from $161,236,000 in 2024, showing a reduction in financial obligations[25]. Operating Expenses - Operating expenses for the full year 2025 decreased by 21% year-over-year to $104.5 million, with fourth-quarter operating expenses down 45% to $18.3 million, reflecting cost optimization initiatives[4]. - Research and development expenses for the year ended December 31, 2025, were $53,184,000, a decrease from $77,007,000 in 2024, indicating a strategic shift in R&D spending[29]. Revenue Streams - CarbonSmart revenue for the fourth quarter of 2025 was $3.6 million, a slight decrease from $3.9 million in the fourth quarter of 2024, attributed to lower sales volume[11]. - Engineering and other services revenue increased to $8.5 million in the fourth quarter of 2025, up from $5.3 million in the same period of 2024, due to new project engagements[11]. - The company achieved $7,428,000 in revenues from contracts with customers and grants for Q4 2025, compared to $5,311,000 in Q4 2024, representing a 40% increase[29]. Grants and Investments - The company secured a €40 million grant from the European Union's Innovation Fund to support carbon capture and utilization projects, awarded in November 2025[4]. - LanzaTech's ownership interest in LanzaJet was reduced to approximately 46% following a $47 million capital raise at a $650 million pre-money valuation[4]. - The company raised $15,050,000 from the issuance of preferred stock during the year, contributing to its financing activities[34]. Shareholder Information - The weighted-average number of common shares outstanding for the year ended December 31, 2025, was 2,197,935, reflecting a reverse stock split effective August 18, 2025[30]. Other Financial Metrics - For the three months ended December 31, 2025, the net loss was $84 million, compared to a net loss of $26.993 billion for the same period in 2024[38]. - Adjusted EBITDA for the three months ended December 31, 2025, was $2.395 million, a significant improvement from the adjusted EBITDA of $(21.231) million in the same period of 2024[38]. - The company reported a loss from equity method investees of $2.529 million for the three months ended December 31, 2025, compared to a loss of $6.299 million for the same period in 2024[38]. - Depreciation expenses for the three months ended December 31, 2025, were $1.367 million, up from $1.278 million in the same period of 2024[38]. - Stock-based compensation expense for the three months ended December 31, 2025, was $1.256 million, compared to $6.191 million in the same period of 2024[38]. - Interest income, net, for the three months ended December 31, 2025, was $(273) million, an improvement from $(710) million in the same period of 2024[38]. - The company experienced a change in fair value of the Amended Brookfield Loan, resulting in a loss of $2.4 million for the three months ended December 31, 2025[38]. - The loss on Brookfield SAFE extinguishment was recorded as $0 for the three months ended December 31, 2025, compared to a loss of $6.216 million in 2024[38]. - The change in fair value of the FPA Put Option and Fixed Maturity Consideration liabilities was $0 for the three months ended December 31, 2025[38]. - The company reported a change in fair value of the Convertible Note and related transaction costs of $(7.296) million for the three months ended December 31, 2025[38].
LanzaTech (LNZA) - 2025 Q4 - Annual Results
2026-03-31 21:21
LanzaTech Reports Fourth Quarter and Fiscal Year 2025 Financial Results Continued Focus on Operational Execution and Strategic Transformation SKOKIE, IL., March 31, 2026 – LanzaTech Global, Inc. (NASDAQ: LNZA) ("LanzaTech" or the "Company"), a carbon management solutions company, today reported its financial and operating results for the fourth quarter and fiscal year ended December 31, 2025. Key Highlights: See "Non-GAAP Financial Measures" and "Reconciliation of Net Loss to Adjusted EBITDA" sections herei ...
Reading International(RDIB) - 2025 Q4 - Annual Report
2026-03-31 21:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Nevada þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or 95-3885184 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ______ (State or other jurisdiction of incorporation or organization) 189 Second Avenue, Suite 2S Commission File No. 1-8625 (I.R.S. Employer Ide ...