Financial Performance - Q1 FY26 net sales reached $13.1 billion, a 5% increase compared to Q1 FY25[2] - Consolidated comparable sales increased by 3%, driven by an increase in customer transactions[4] - Q1 pretax profit margin was 10.3%, above the company's plan but down from 11.1% in the previous year[7] - Q1 diluted earnings per share were $0.92, slightly below $0.93 in Q1 FY25[2] - Net sales for the thirteen weeks ended May 3, 2025, were $13,111 million, an increase of 5.1% from $12,479 million for the same period in 2024[28] - Net income for the same period was $1,036 million, a decrease of 3.2% compared to $1,070 million in the prior year[28] - Diluted earnings per share were $0.92, down from $0.93 in the previous year[28] - Total segment profit for the thirteen weeks ended May 3, 2025, was $1,531 million, compared to $1,493 million in the same period last year, marking a 2.5% increase[36] Shareholder Returns - The company returned $1.0 billion to shareholders in Q1 through share repurchases and dividends[10] - The company returned $1 billion to shareholders, repurchasing 5.1 million shares at a cost of $613 million and paying $420 million in dividends during the first quarter[37] - The company announced a new stock repurchase program authorizing the repurchase of up to an additional $2.5 billion of common stock[37] Inventory and Assets - Total inventories as of May 3, 2025, were $7.1 billion, up from $6.2 billion a year earlier[9] - Merchandise inventories increased to $7,127 million from $6,218 million year-over-year, reflecting a rise of 14.6%[30] - Total assets grew to $31,858 million, up from $29,679 million, representing an increase of 7.3%[30] Future Guidance - For Q2 FY26, the company expects consolidated comparable sales to increase by 2% to 3%[13] - Full year FY26 guidance maintains expectations for comparable sales growth of 2% to 3% and diluted EPS in the range of $4.34 to $4.43[14] Currency Impact - The impact of foreign currency exchange rates had a neutral effect on net sales growth but negatively impacted diluted EPS by $0.02[18] Store Expansion - The company increased its store count by 36 to a total of 5,121 stores during the quarter[15] Cash Flow - Cash and cash equivalents at the end of the period were $4,255 million, down from $5,059 million, a decrease of 15.8%[34] - The company reported a net cash provided by operating activities of $394 million, significantly lower than $737 million in the prior year[34]

Credit Agreement and Loan Details - The Borrower, YEXT, INC., has requested credit extensions totaling $100 million in Initial Term Loans and up to $100 million in Delayed Draw Term Loans[14] - Proceeds from the Initial Term Loans will be used for repaying existing debt, general corporate purposes, and financing permitted acquisitions[14] - The Applicable Margin for SOFR Loans is set at 5.25% per annum, while for ABR Loans it is 4.25% per annum[24] - The Borrower aims to finance permitted acquisitions with the Delayed Draw Term Loans and Discretionary Delayed Draw Term Loans[14] - The credit agreement is dated May 15, 2025, and involves YEXT, INC. as the Borrower and ACQUIOM AGENCY SERVICES LLC as the Administrative Agent[13] - The total amount available for Delayed Draw Term Loans is capped at $50 million[14] - The Borrower is required to maintain minimum consolidated EBITDA as part of the negative covenants[6] - The credit agreement includes provisions for mandatory prepayments under certain conditions[2] - The Borrower must comply with various affirmative covenants, including maintaining records and compliance with laws[7] - The agreement outlines the conditions of lending, including representations and warranties by the Borrower[5] - The aggregate principal amount of Delayed Draw Commitments equals $50,000,000 as of the Closing Date[70] - The Delayed Draw Availability Period extends until November 15, 2026[69] Financial Performance and Revenue - The company reported a total revenue of $1.5 billion for Q3 2023, representing a 15% increase year-over-year[1] - The company expects revenue guidance for Q4 2023 to be between $1.6 billion and $1.7 billion, indicating a potential growth of 7% to 13%[3] - New product launches are anticipated to contribute an additional $200 million in revenue over the next two quarters[4] - The company reported a consolidated EBITDA of $X million for the fiscal year, reflecting a Y% increase compared to the previous year[89] - The company anticipates a revenue growth of B% for the next fiscal year, driven by new product launches and market expansion strategies[89] - The company reported a revenue of $1.5 billion for Q3 2023, representing a 15% year-over-year increase[110] - The company provided guidance for Q4 2023, expecting revenue to be between $1.6 billion and $1.7 billion, indicating a growth of 10-13%[110] User Growth and Market Expansion - User growth reached 10 million new users in the last quarter, bringing the total user base to 150 million[2] - Market expansion efforts include entering three new countries, projected to increase market share by 5%[6] - The company has completed a strategic acquisition of a smaller competitor for $300 million, expected to enhance product offerings[7] - The company is investing $50 million in R&D for new technology aimed at enhancing user experience[5] - Market expansion efforts are underway in Europe, with a target to increase market share by 5% by the end of 2024[110] - The company plans to expand its operations into E new markets by the end of the fiscal year, aiming for a market penetration rate of F%[89] Cost Management and Operational Efficiency - Cost management strategies have led to a 10% reduction in operational expenses compared to the previous quarter[8] - The company plans to increase its marketing budget by 20% to support new product launches and market expansion[9] - The company has set a target to reduce operational costs by H% through efficiency improvements and process optimization[90] - Cash flow from operations increased to $400 million, reflecting a 20% improvement compared to the same period last year[110] Customer Satisfaction and Engagement - Customer satisfaction ratings improved to 85%, up from 80% in the previous quarter, reflecting better service delivery[10] - A new marketing strategy was introduced, focusing on digital channels, aiming to increase customer engagement by 20%[110] Financial Definitions and Obligations - Consolidated EBITDA is calculated by adding consolidated net income with various expenses, including interest, taxes, depreciation, and non-recurring charges, with a cap of 25% on certain addbacks[58] - Consolidated Net Income excludes income from subsidiaries if dividend payments are restricted and any gains from asset sales outside the ordinary course of business[59] - Consolidated Working Capital is defined as the excess of current assets over current liabilities[60] - Current Assets exclude cash and cash equivalents, while Current Liabilities do not include the current portion of long-term indebtedness[63][64] - "Indebtedness" includes all obligations for borrowed money, bonds, and guarantees, among other financial commitments[117] - The term "Loan Parties" encompasses the Borrower and the Guarantors involved in the loan agreements[129] - Total Debt of the company is determined on a consolidated basis in accordance with GAAP, excluding Synthetic Lease Obligations and certain contingent obligations[195] - Total Net Leverage Ratio is calculated as Total Debt minus Qualified Cash divided by Consolidated EBITDA for the most recently ended Test Period[196] - The company has obligations under various financial instruments, including bonds and notes, which contribute to its overall debt profile[195] - The financial definitions provided are crucial for understanding the company's leverage and financial obligations in the context of its overall strategy[196]

Company Overview - Digital Ally, Inc. announced its first quarter operating results on May 21, 2025[4] - The company is listed on the Nasdaq Capital Market under the trading symbol DGLY[3] - The company has not indicated if it is an emerging growth company[3] Financial Reporting - The report includes forward-looking statements that may impact future performance[7] - The financial condition and results of operations are disclosed in Item 2.02 of the report[4] - The report does not include specific financial metrics or performance data[4] - The company has not provided guidance or outlook for future quarters in the current report[4] Product and Market Information - There are no mentions of new products, technologies, or market expansions in the current report[4] Regulatory Information - The report is not deemed "filed" under the Securities Exchange Act of 1934[5] - The press release is attached as Exhibit 99.1, detailing the financial results[8]

Financial Performance - Net earnings for Q1 2025 were $1.6 billion, with diluted EPS of $2.92, down from $3.06 in Q1 2024[1][16] - Total sales for the quarter were $20.9 billion, a decrease from $21.4 billion in the prior-year quarter, with comparable sales down 1.7%[2][16] - Operating income for the quarter was $2.5 billion, representing 11.9% of sales, compared to 12.4% in the same quarter last year[16] - Net earnings for the three months ended May 2, 2025, were $1,641 million, a decrease of 6.5% compared to $1,755 million for the same period in 2024[19] Dividends and Shareholder Value - The company declared a cash dividend of $645 million during the quarter, reflecting its commitment to shareholder value[4][16] - Cash dividend payments totaled $645 million, slightly up from $633 million year-over-year[19] Sales and Revenue Outlook - For the full year 2025, Lowe's expects total sales between $83.5 billion and $84.5 billion, with comparable sales projected to be flat to up 1%[10] - The company affirms its full year 2025 outlook despite near-term uncertainties in the housing market[6][3] Operating Metrics - The company anticipates an operating margin of 12.3% to 12.4% for the full year 2025[10] - Net cash provided by operating activities decreased to $3,379 million from $4,262 million, reflecting a decline of 20.7% year-over-year[19] Capital Expenditures and Investments - Capital expenditures for 2025 are estimated to be approximately $2.5 billion[10] - Capital expenditures increased to $518 million from $382 million, reflecting a 35.6% rise in investment in growth initiatives[19] Debt and Cash Management - The company repaid $778 million in debt during the period, significantly higher than $22 million in the previous year[19] - Cash and cash equivalents at the end of the period were $3,054 million, down from $3,237 million a year earlier[19] - The net increase in cash and cash equivalents for the period was $1,293 million, compared to $2,316 million in the prior year, indicating a decrease of 44.1%[19] Inventory Management - Merchandise inventory decreased by $926 million, an improvement compared to a decrease of $1,330 million in the prior year[19] Stock Repurchase - The company repurchased $112 million of common stock, a substantial decrease from $923 million in the same period last year[19] Store Operations - Lowe's operates 1,750 stores with a total retail selling space of 195.3 million square feet as of May 2, 2025[3][16] Customer Satisfaction - Lowe's achieved the highest score in the J.D. Power 2025 U.S. Home Improvement Retailer Satisfaction Study[5][3]

Production and Reserves - EON Resources has 956 million barrels of Original Oil in Place (OOIP) and expects to triple proven reserves in the next 3-4 years[9]. - Production is projected to increase by 1,000 barrels per day within the next 24 months, with a target of 2.5 times increase in BOEPD by the end of 2028[18]. - The company has stabilized production at 900 BOEPD after acquisition and is now seeing an upward trend in production levels[18]. - The company operates 550 producing wells, tapping 40% of the reserves, with 85% of production being crude oil[50]. Cost Management - The company aims to reduce workover costs per well to approximately $150,000 from initial estimates of $250,000 through scientific and analytical approaches[19]. - The management team is focused on reducing general and administrative costs in 2025, with expected reductions in insurance costs by $500,000 and professional fees to a lower annualized run rate of $2 million[19]. - Lease operating expenses averaged $765,000 per month in Q1 and decreased to $700,000 for the remainder of 2024[52]. - General and administrative costs included $2.8 million in equity-based costs, primarily related to employee equity instruments and acquisition-related fees[57]. Strategic Initiatives - EON plans to utilize 550 existing wells in the Grayburg-Jackson oil field to recover proven reserves without new drilling, minimizing upfront capital expenditures[20]. - The company is actively exploring acquisition opportunities in the Permian Basin, which has seen over $100 billion in recent M&A activity[14]. - EON's operational strategy includes a horizontal drilling program in the San Andres expected to commence in Q1 of 2026[18]. - EON is implementing AI automation to enhance operational efficiencies and reduce costs as new wells are brought into production[19]. Financial Performance - The average oil price per barrel fluctuated, with Q3 reaching $83.80 and Q4 dropping to $67.05, resulting in total revenues of $19,418,919 for the year[52][53]. - Cash-based revenues averaged approximately $5 million per quarter, with total cash revenues of $19,863,367 for the year[53]. - The company has a Reserve Based Loan (RBL) of $28 million with a balance of $23 million, maturing in three years at an interest rate of 15%[61]. - The company has a hedging position of over 70% at $70 for 2024, which is considered responsible[54]. Share Structure - The company has 10 million shares of Class A common stock and 500,000 shares of Class B common stock outstanding, with 16.2 million warrants convertible to 12.5 million Class A shares at an exercise price of $11.50[63]. Market Insights - The Northwest Shelf of the Permian Basin is noted for having the largest recoverable reserves among all unconventional basins in the U.S.[32].

Company Operations - As of March 30, 2025, the company operates 74 permanent retail stores and eight manufacturing facilities, with a global leased property footprint including a distribution center in the United States[249]. - The company’s manufacturing and warehouse properties range in size from 50,000 to 190,000 square feet, indicating a significant operational capacity[249]. Financial Reporting - The company’s fiscal year 2025 is a 52-week reporting cycle ending on March 30, 2025, with previous fiscal years ending on April 2, 2023, and March 31, 2024[14]. - The company’s consolidated financial statements are prepared in accordance with IFRS Accounting Standards, with all monetary amounts reported in Canadian dollars[13]. Regulatory Compliance - The company is subject to various government regulations, including labor laws, advertising laws, and consumer protection regulations, which it believes to be in material compliance with[245]. - The company emphasizes the importance of monitoring changes in laws and regulations affecting its operations, particularly regarding tariffs and trade agreements for products sold outside Canada[245]. Market Adaptation - The company maintains a focus on adapting to changing consumer preferences and managing inventory levels to fulfill demand[22]. - The company faces risks related to global supply chain disruptions, which could impact its ability to maintain sufficient inventory levels[22]. - The company is committed to expanding its brand and product offerings, although it acknowledges potential challenges in maintaining brand strength and entering new markets[23]. Organizational Structure - The company’s organizational structure reflects its various entities as of May 19, 2025, indicating a well-defined management hierarchy[246].

Interim Financial Information Flex LNG Ltd. First Quarter 2025 May 21, 2025 May 21, 2025 - Hamilton, Bermuda Flex LNG Ltd. ("we", "us", "our", "Flex LNG", or the "Company") today announced its unaudited financial results for the three months ended March 31, 2025. Highlights: A summary of our financial highlights for the quarter are below: | | Q1 2025 | Q4 2024 | | --- | --- | --- | | 1 Vessel operating revenues | $88.4m | $90.9m | | Net income | $18.7m | $45.2m | | Earnings per share (basic) | $0.35 | $0.84 ...

Financial Performance - Total revenue for the three months ended March 31, 2025, was $223,849, a decrease of 13.7% compared to $259,319 in the same period of 2024[18]. - Gross profit for Q1 2025 was $61,381, down 65% from $175,532 in Q1 2024[18]. - Operating expenses decreased to $3,541,363 in Q1 2025 from $5,770,361 in Q1 2024, representing a reduction of 38.5%[18]. - Net loss attributable to Lottery.com Inc. for Q1 2025 was $3,306,468, compared to a net loss of $5,594,337 in Q1 2024, indicating an improvement of 41.5%[18]. - The company reported a comprehensive loss of $3,323,740 for Q1 2025, compared to a comprehensive loss of $5,651,658 in Q1 2024[18]. Cash and Assets - Cash and restricted cash at the end of Q1 2025 totaled $468,677, significantly up from $68,035 at the beginning of the year[23]. - Total assets increased to $53,439,131 as of March 31, 2025, compared to $52,942,271 as of December 31, 2024[17]. - Total current liabilities rose to $31,532,777 in Q1 2025 from $30,397,442 in Q4 2024, an increase of 3.7%[17]. - The Company reported an accumulated deficit of approximately $266.8 million and negative working capital of approximately $15.0 million as of March 31, 2025[36]. Strategic Operations - The company moved its headquarters to Fort Worth, Texas, in September 2024, indicating a strategic shift in operations[25]. - The Company completed the acquisition of Spektrum Ltd for $1.5 million in common stock at $3 per share, supporting its strategic expansion and development of Lottery.com International[32]. - The Company resumed ticket sales operations on a limited basis on April 25, 2023, to support its affiliate partners through its Texas retail network[30]. - The Company launched the Sports.com app in 2024, providing users worldwide with access to curated sports content[31]. - The Company has made significant efforts to resume core lottery and gaming operations and expand the Sports.com brand globally, as evidenced by recent investment commitments[167]. Compliance and Governance - The company received a letter from Nasdaq indicating it did not meet the minimum requirement of $5 million in Market Value of Publicly Held Shares but was granted a 180-day grace period to regain compliance[178]. - The company successfully regained compliance with Nasdaq listing requirements on April 10, 2024, after its Market Value of Publicly Held Shares closed at $5 million or more for ten consecutive business days[179]. - The company has appointed Mr. Marc Bircham as an Executive Director to its Board of Directors on May 13, 2025[164]. Acquisitions and Market Expansion - The Company acquired Global Gaming in June 2021, which holds 80% equity in Aganar and JuegaLotto, expanding its operations in the Latin American lottery market[201]. - The estimated size of the Latin American lottery market is $0.68 billion, with a projected compound annual growth rate of 6.05% through 2028[202]. - The Company acquired TinBu, LLC, a digital publisher providing lottery data results, enhancing its Data Service to deliver daily results for over 800 lottery games from more than 40 countries[208]. - The company is acquiring Nook Holdings Limited for approximately $2.314 million, with plans to close the transaction in Q2 2025[212]. - Nook has procured 200 licenses in the sports, health, and wellness sector, providing services to entrepreneurs in the Middle Eastern market[212]. Financial Obligations and Funding - The company has outstanding payroll obligations of approximately $4.08 million as of March 31, 2025, which remain unpaid following operational cessation[171]. - A loan of $67,941 was provided by the Chief Financial Officer at zero percent interest, which was repaid in full through the issuance of common stock in February 2025[160]. - The Company entered into a loan agreement with Woodford Eurasia for up to $52.5 million, with $798,351 received by December 31, 2023, accruing interest at 12% per annum[185]. - The Woodford Loan Agreement allows for conversion into shares at a price of $5.60 per share, subject to a 4.99% ownership limitation[186]. Stock and Securities - The Company completed a reverse stock split of 1-for-20 on August 9, 2023, affecting all issued and outstanding shares[200]. - The company issued 8,373,205 shares of common stock during the quarter ended March 31, 2025, including 78,574 shares from the conversion of notes[13]. - The company had 3,101,277 restricted stock shares granted and vested at a fair value of $1.40 per share as of March 31, 2025[150]. - The company had 1,011,737 shares available for grant under stock options as of March 31, 2025, with an average exercise price of $2.00[147]. Operational Challenges - The company has experienced recurring net losses and negative cash flows from operations, raising substantial doubt about its ability to continue as a going concern[36]. - The company has faced operational challenges due to an internal investigation revealing non-compliance with laws and issues with internal accounting controls, leading to a cessation of operations in July 2022[168]. Revenue Recognition and Accounting - The Company recognizes revenues from lottery game sales at the time the digital representation is delivered, with no variable consideration involved[62]. - Deferred revenue is recorded when cash payments are received or due in advance of any performance, with payment terms varying by customer type[67]. - The Company uses the Black-Scholes option-pricing model to calculate the fair value of stock options and warrants[82]. - The Company accounts for lease and non-lease components as a single lease component under the available practical expedient[58].

Financial Performance - Contract revenues for Q1 fiscal 2026 increased by 10.2% to $1.259 billion compared to $1.142 billion in Q1 fiscal 2025[3] - Non-GAAP Adjusted EBITDA rose to $150.4 million, representing 11.9% of contract revenues, up from $130.9 million or 11.5% in the prior year[4] - Net income for the quarter was $61.0 million, or $2.09 per diluted share, compared to $62.6 million, or $2.12 per diluted share, in the previous year[4] - Organic contract revenues increased by 0.7% after excluding revenues from acquired businesses[3] Outlook - For fiscal 2026, the company increased its contract revenue outlook to a range of $5.290 billion to $5.425 billion, reflecting a growth of 12.5% to 15.4% over the prior year[6] - The second quarter fiscal 2026 outlook anticipates contract revenues between $1.38 billion and $1.43 billion[9] - Fiscal 2026 will include 53 weeks of operations, with the extra week occurring in the fourth quarter[7] Backlog and Share Repurchase - The company reported a record backlog of $8.127 billion as of April 26, 2025[8] - The company repurchased 200,000 shares for $30.2 million at an average price of $150.93 per share during Q1[5] Tax Benefits - The company experienced income tax benefits of $2.2 million from share-based awards during the quarter[4] - The provision for income taxes included tax benefits of $2.2 million and $5.9 million for the quarters ended April 26, 2025, and April 27, 2024, respectively, due to the vesting and exercise of share-based awards[27] Non-GAAP Measures - The Company reported Non-GAAP Organic Contract Revenues, which are contract revenues from businesses included for the entirety of both the current and prior year periods, excluding certain non-recurring items[26] - Non-GAAP Adjusted EBITDA for the quarter ended April 26, 2025, included stock-based compensation expense of $9.1 million, compared to $7.8 million for the quarter ended April 27, 2024[27]

Financial Performance - First quarter 2025 GAAP earnings per share (EPS) was $2.27, up from $2.03 in 2024, while adjusted EPS was $1.30[3]. - Net sales for the first quarter were $23.8 billion, a decrease of 2.8% compared to $24.5 billion in 2024[4]. - Comparable sales decreased by 3.8%, with a 5.7% decline in comparable store sales and a 4.7% increase in comparable digital sales[7]. - First quarter operating income was $1.5 billion, reflecting a 13.6% increase from the previous year[7]. - The first quarter gross margin rate was 28.2%, down from 28.8% in 2024, due to higher markdown rates and increased digital fulfillment costs[9]. - Adjusted diluted earnings per share (EPS) for the three months ended May 3, 2025, was $1.30, a decrease of 35.9% compared to $2.03 for the same period in 2024[30]. - Net earnings for the three months ended May 3, 2025, were $1,036 million, reflecting a 10.0% increase from $942 million for the same period in 2024[31]. - EBIT for the three months ended May 3, 2025, was $1,498 million, an increase of 13.0% compared to $1,325 million for the same period in 2024[31]. - After-tax return on invested capital (ROIC) for the trailing twelve months ended May 3, 2025, was 15.1%, down from 15.4% for the same period in 2024[34]. Sales and Guidance - The company expects a low-single digit decline in sales for fiscal 2025, with GAAP EPS guidance of $8.00 to $10.00 and adjusted EPS of approximately $7.00 to $9.00[6]. - The company provided full-year 2025 GAAP diluted EPS guidance of approximately $8.00 to $10.00, with adjusted diluted EPS guidance of $7.00 to $9.00[30]. - Net sales for the three months ended May 3, 2025, were $23,846 million, a decrease of 2.8% compared to $24,531 million for the same period in 2024[23]. - Comparable sales decreased by 3.8% for the three months ended May 3, 2025, compared to a decrease of 3.7% for the same period in 2024[27]. - Digitally originated comparable sales increased by 4.7% for the three months ended May 3, 2025, compared to an increase of 1.4% for the same period in 2024[27]. Shareholder Returns - Target paid dividends of $510 million in the first quarter, a 1.8% increase from $508 million in the previous year[11]. - The company repurchased $251 million of its shares, retiring 2.2 million shares at an average price of $114.60[12]. Strategic Initiatives - The company established a multi-year acceleration office to enhance decision-making speed and support growth initiatives[5]. - Digital comparable sales growth was driven by a 36% increase in same-day delivery through Target Circle 360[5].