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Stran & Company Achieves 95.2% Increase in Sales to Approximately $32.6 Million for the Second Quarter of 2025
Globenewswire· 2025-08-12 20:30
Core Viewpoint - Stran & Company, Inc. reported significant financial growth for the second quarter and first half of 2025, with a notable increase in sales and gross profit, while maintaining a strong balance sheet and executing a share repurchase program [1][2]. Financial Performance - Sales for the second quarter of 2025 increased by 95.2% year-over-year to approximately $32.6 million, up from $16.7 million in the same period of 2024 [2][3]. - For the first half of 2025, sales rose by 72.5% to roughly $61.3 million, compared to $35.5 million for the first half of 2024 [7]. - Gross profit for the second quarter increased by 80.5% to approximately $9.9 million, representing 30.3% of sales, down from 32.8% in the prior year [4]. - Gross profit for the first half of 2025 was approximately $18.4 million, a 65.6% increase, with a gross profit margin of 30.0%, down from 31.2% [8]. Operating Expenses and Net Income - Operating expenses for the second quarter increased by 44.1% to approximately $9.5 million, but as a percentage of sales, they decreased to 29.1% from 39.4% [5]. - The company reported a net income of approximately $0.6 million for the second quarter, compared to a net loss of approximately $(1.0) million in the same quarter of 2024 [6]. - For the first half of 2025, net income was approximately $0.3 million, recovering from a net loss of approximately $(1.5) million in the first half of 2024 [9]. Strategic Developments - Stran was recognized by the Advertising Specialty Institute, moving up to 23 in the 2025 Counselor Top 40 distributors list, reflecting its growth and market influence [2]. - The company welcomed new board members with diverse experience, enhancing its strategic perspective [2]. - Stran is now fully compliant with all Nasdaq continued listing requirements, strengthening its governance as a public company [2]. Balance Sheet and Cash Position - The company maintains a robust balance sheet with approximately $18.1 million in cash, cash equivalents, and investments [2]. - During the quarter, Stran executed a share repurchase program, acquiring approximately 110,000 shares at an average price of $1.32, totaling about $145,600 [2].
Vornado Completes $120 Million Refinancing of 4 Union Square South
Globenewswire· 2025-08-12 20:25
Core Viewpoint - Vornado Realty Trust has successfully refinanced a $120 million loan for its retail property at 4 Union Square South, securing a fixed interest rate of 5.64% for ten years, which is a strategic move to manage financing costs and improve financial stability [1]. Company Overview - Vornado Realty Trust operates as a fully-integrated equity real estate investment trust (REIT), focusing on the ownership and management of retail and commercial properties [2].
Eupraxia Pharmaceuticals Reports Second Quarter 2025 Financial Results and Provides Business Update
Globenewswire· 2025-08-12 20:25
Announced first patient dosed in the Phase 2b placebo-controlled portion of the EP-104GI RESOLVE trial with topline data expected in H2 2026Announced positive data from Phase 1b/2a RESOLVE supporting the potential of EP-104GI to improve the standard of care for patients with Eosinophilic Esophagitis (“EoE”)Additional data from cohorts 5–8 from Phase 1b/2a available in October 2025 VICTORIA, British Columbia, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Eupraxia Pharmaceuticals Inc. (“Eupraxia” or the “Company”) (NASDA ...
Amplify Energy to Participate in the 2025 EnerCom Denver – The Energy Investment Conference
Globenewswire· 2025-08-12 20:23
HOUSTON, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that the Company will be participating in the 30th Annual EnerCom Denver – The Energy Investment Conference in Denver, Colorado on August 18-19th, 2025. Amplify’s Chief Executive Officer, Dan Furbee, will be participating in one-on-one meetings with investors on Monday, August 18th and Tuesday, August 19th. In addition, Mr. Furbee will be presenting at 3:35 P.M. MT on Monday, August 18th ...
Inspired Launches V-Play Football Brazil with EstrelaBet via the Altenar Sportsbook
Globenewswire· 2025-08-12 20:20
Core Insights - Inspired Entertainment, Inc. has launched V-Play Football Brazil in partnership with EstrelaBet, enhancing its presence in the Brazilian gaming market [1][2][3] - The product is designed to resonate with Brazilian football culture, offering high-frequency, ultra-realistic match simulations for a dynamic betting experience [2][4] - The integration is facilitated by Altenar, a sportsbook platform provider, showcasing a collaboration that combines technology and local market insights [3][5] Company Overview - Inspired Entertainment is a leading B2B provider of gaming content, technology, hardware, and services, operating in approximately 35 jurisdictions worldwide [5] - The company supplies gaming systems for around 50,000 gaming machines and offers virtual sports products through over 32,000 retail venues [5] - Inspired's portfolio includes digital games for more than 170 websites and various amusement entertainment solutions [5] EstrelaBet Overview - EstrelaBet is recognized as a leading Brazilian gamingtech company, operating under a definitive license in the national iGaming market [7][8] - The company has received multiple awards, including "Best Sports Betting Operator in Brazil" and "Best Responsible Gambling Initiative" [7][10] - EstrelaBet emphasizes innovation, responsible gaming, and community engagement, partnering with FUMEC University to develop initiatives for problem gambling prevention [8][9]
Okeanis Eco Tankers Corp. – Key Information relating to Q2 2025 dividend
Globenewswire· 2025-08-12 20:20
ATHENS, Greece, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE: ECO / OSE: OET) announced today that the Company's board of directors (the “Board”) has declared a dividend on its common shares (the “Dividend”). Due to implementation of the Central Securities Depository Regulation (“CSDR”) in Norway, shareholders who hold common shares registered in Euronext Securities Oslo, the central securities depository in Norway (“VPS”) should please note the information on t ...
Gouverneur Bancorp, Inc. Announces Appointment of New President and Chief Executive Officer
Globenewswire· 2025-08-12 20:15
Core Viewpoint - Gouverneur Bancorp, Inc. has appointed Stephen M. Jefferies as the new President and Chief Executive Officer, effective September 2, 2025, succeeding Charles C. Van Vleet, Jr. who will retire on the same date [1][3]. Group 1: Leadership Transition - Stephen M. Jefferies brings nearly 40 years of banking experience and a proven track record of financial leadership to the role [2][3]. - Charles C. Van Vleet, Jr. will retire as Interim President and Chief Executive Officer on September 2, 2025, but plans to remain with the company until December 31, 2025, to assist with the transition [3][4]. Group 2: Company Overview - Gouverneur Bancorp, Inc. is the holding company for Gouverneur Savings and Loan Association, which was founded in 1892 and provides deposit and loan services [5]. - As of June 30, 2025, the company reported total assets of $196.7 million, total deposits of $159.4 million, and total stockholders' equity of $31.4 million [5].
DoubleDown Interactive Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-12 20:15
SEOUL, South Korea, Aug. 12, 2025 (GLOBE NEWSWIRE) -- DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) (“DoubleDown” or the “Company”), a leading developer and publisher of digital games on mobile and web-based platforms, today announced unaudited financial results for the second quarter ended June 30, 2025. Beginning with the fourth quarter of 2024, the Company is reporting its financial results in accordance with International Financial Reporting Standards (“IFRS”). As such, the financial results for the se ...
Sienna Reports Second Quarter 2025 Financial Results and Publishes 2025 Impact Report
Globenewswire· 2025-08-12 20:15
MARKHAM, Ontario, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today announced its financial results for the three and six months ended June 30, 2025. Highlights Average Same Property Occupancy in retirement segment up 150 basis points (“bps”) year-over-year to 92.1% in Q2 2025 and further increased to 93.1% in July 2025Revenue, Proportionate Basis, excluding One-Time Items, increased by 17.4% to $253.6 million in Q2 2025Same Property Net Operating Incom ...
Archrock Announces Dual Listing on NYSE Texas
Globenewswire· 2025-08-12 20:15
HOUSTON, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) (“Archrock”) announced today the dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, Texas. “Our listing history with the New York Stock Exchange, through Archrock and its predecessor companies, began in 1997. We are pleased to join the NYSE Texas and support this pro-business initiative in the Lonestar State, which is home to our corporate headquarters and a major ...