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Uniti Group Inc. to Participate at the Barclays 2025 Leveraged Finance Conference
GlobeNewswire· 2025-05-13 20:15
Core Viewpoint - Uniti Group Inc. is actively participating in the Barclays 2025 Leveraged Finance Conference, indicating its engagement with investors and the financial community [1]. Company Overview - Uniti is an internally managed real estate investment trust focused on acquiring and constructing mission-critical communications infrastructure [3]. - The company is a leading provider of fiber and wireless solutions for the communications industry [3]. - As of March 31, 2025, Uniti owns approximately 147,000 fiber route miles and 8.8 million fiber strand miles across the United States [3]. Investor Relations - Key executives, including the Chief Financial Officer and the Senior Vice President of Investor Relations, will represent Uniti at the conference [1]. - Investor materials related to the conference will be available on Uniti's Investor Relations website [2].
Evolution Petroleum Reports Fiscal Third Quarter 2025 Results and Declares Quarterly Cash Dividend for Fiscal Fourth Quarter
GlobeNewswire· 2025-05-13 20:15
Core Viewpoint - Evolution Petroleum Corporation reported its financial and operational results for the fiscal third quarter ended March 31, 2025, declaring a quarterly cash dividend of $0.12 per share, marking the 47th consecutive dividend payment, reflecting the company's commitment to shareholder returns despite market volatility [1][3][23]. Financial & Operational Highlights - Average production for Q3 2025 was 6,667 BOEPD, a decrease of 4% from Q2 2025 and 8% from Q3 2024 [2][6]. - Revenues increased by 11% to $22.6 million compared to Q2 2025 but decreased by 2% compared to Q3 2024 [2][8]. - The company reported a net loss of $2.2 million, or $(0.07) per share, compared to a net income of $0.3 million, or $0.01 per share, in the year-ago period [12][40]. - Adjusted EBITDA for Q3 2025 was $7.4 million, a 30% increase from Q2 2025 but a decrease from $8.5 million in the year-ago period [2][13]. Production & Pricing - The average realized commodity price increased by 7% to $37.60 per BOE, driven by a 40% increase in realized natural gas prices year-over-year [15][14]. - Total production for Q3 2025 included 1,911 BOPD of crude oil, 3,723 BOEPD of natural gas, and 1,033 BOEPD of NGLs, with oil accounting for 52% of revenue [6][14]. Operations Update - The company successfully completed and brought online four new gross wells in the Chaveroo Field, exceeding early production expectations [16][5]. - The TexMex acquisition, closed after the quarter end, is expected to contribute over 850 net BOEPD to production [5][4]. Balance Sheet, Liquidity, and Capital Spending - As of March 31, 2025, cash and cash equivalents totaled $5.6 million, with a working capital deficit of $2.7 million [21]. - The company had $35.5 million in borrowings under its revolving credit facility and total liquidity of $20.1 million [21][22]. - In Q3, the company paid $4.1 million in dividends and $4.0 million in repayments of its Senior Secured Credit Facility [21][4]. Dividend Declaration - The Board of Directors declared a cash dividend of $0.12 per share, to be paid on June 30, 2025, to stockholders of record on June 13, 2025 [23][1].
Checkpoint Therapeutics Reports First Quarter Financial Results and Recent Corporate Updates
GlobeNewswire· 2025-05-13 20:15
Core Insights - Checkpoint Therapeutics has received FDA approval for UNLOXCYT™ (cosibelimab-ipdl), the first and only anti-PD-L1 treatment for advanced cutaneous squamous cell carcinoma (cSCC) [7] - A special meeting of stockholders is scheduled for May 28, 2025, to vote on a merger with Sun Pharmaceutical Industries, with a total transaction value of up to approximately $416 million [7] - Financial results for Q1 2025 show a net loss of $11.2 million, with cash and cash equivalents increasing to $33.0 million from $6.6 million at the end of 2024 [7][31] Recent Corporate Updates - UNLOXCYT is indicated for adults with metastatic or locally advanced cSCC who are not candidates for curative surgery or radiation [5] - The merger agreement with Sun Pharma was announced in March 2025, with Checkpoint continuing as a wholly owned subsidiary [7] - The definitive proxy statement for the merger was filed in April 2025 [7] Financial Results - Cash and cash equivalents as of March 31, 2025, totaled $33.0 million, an increase of $26.4 million from $6.6 million at December 31, 2024 [7] - Research and development expenses for Q1 2025 were $3.8 million, down from $8.5 million in Q1 2024 [7] - General and administrative expenses rose to $7.4 million in Q1 2025 from $2.5 million in Q1 2024 [7] - The net loss for Q1 2025 was $11.2 million, or $0.19 per share, compared to a net loss of $10.9 million, or $0.33 per share, in Q1 2024 [7][31]
GEN Restaurant Group Announces First Quarter 2025 Financial Results
GlobeNewswire· 2025-05-13 20:15
CERRITOS, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature “grill at your table” experience, is announcing financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial and Recent Operational Highlights Total revenue grew 13.0% year-over-year to $57.3 million for the first quarter.Restaurant-level adjusted EBITDA(1) incre ...
CalPrivate Bank Announces New Chief Credit Officer
GlobeNewswire· 2025-05-13 20:07
Core Insights - Private Bancorp of America, Inc. has appointed Andrew K Meitzen as the new Executive Vice President and Chief Credit Officer of CalPrivate Bank, bringing extensive experience in lending, credit, and enterprise risk management [1][2] - The company emphasizes its core values of Relationships, Solutions, and Trust, which are seen as foundational for continued growth [2] Company Overview - Private Bancorp of America, Inc. is the parent company of CalPrivate Bank, which operates in multiple locations including Coronado, San Diego, La Jolla, Newport Beach, El Segundo, Beverly Hills, and soon Montecito, alongside digital banking services [3] - CalPrivate Bank focuses on high-net-worth individuals, professionals, closely held businesses, and real estate entrepreneurs, offering a personalized banking experience and leveraging advanced technology [3] - The bank has received high customer service ratings, scoring nearly three times higher than the median domestic bank, and is recognized as the 10th best bank in the U.S. and the top bank in its asset class for return on assets (ROA) and return on equity (ROE) [3] - CalPrivate Bank is also ranked in the top 5% of banks in the U.S. with assets between $2 billion and $10 billion, and has received a 5-star rating from Bauer Financial [3]
Glass House Brands Reports First Quarter 2025 Financial Results
GlobeNewswire· 2025-05-13 20:05
Wholesale biomass production was 152,568 pounds, up 149% year-over-year Cost of production was $108 per pound, a substantial improvement compared to $182 per pound in Q1 2024First quarter 2025 revenue was $44.8 million, up 49% year-over-year and reflecting a 78% increase in wholesale revenue and 19% increase in retail revenueGross margin was 45%, compared to 43% in Q4 2024 and 42% in Q1 2024Cash and restricted cash balance rose to $37.6 million on March 31, 2025 compared to $36.9 million on December 31, 202 ...
Parsons Selected As Delivery Partner For King Salman International Airport
GlobeNewswire· 2025-05-13 20:05
CHANTILLY, Va., May 13, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today, on the sidelines of the Saudi-US Investment Forum in Riyadh, that the company has been awarded two Delivery Partner (DP) contracts by the King Salman International Airport Development Company (KSIADC) which is owned by the Public Investment Fund. These significant contracts represent new work for the company and span the initial four years of the airport's multi-year development. The first contract is for airf ...
Arteris Announces Financial Results for the First Quarter and Estimated Second Quarter and Updated Full Year 2025 Guidance
GlobeNewswire· 2025-05-13 20:05
Core Insights - Arteris, Inc. reported strong financial results for Q1 2025, achieving record annual contract value plus royalties of $66.8 million, a 15% increase year-over-year, and positive free cash flow of $2.7 million [2][6]. Financial Highlights - Revenue for Q1 2025 was $16.5 million, representing a 28% increase year-over-year [6]. - Non-GAAP operating loss decreased to $3.2 million from $5.3 million in Q1 2024 [6]. - Net loss for the quarter was $8.1 million, or $0.20 per share, compared to a net loss of $9.4 million, or $0.25 per share, in Q1 2024 [6][16]. - Remaining performance obligations (RPO) reached $88.9 million, up 19% year-over-year [6]. Business Highlights - The company experienced strong demand across key verticals: enterprise computing, communications, and automotive semiconductors, driven by the adoption of chiplets and AI compute [2][6]. - Arteris expanded its customer base, adding another top global automotive OEM, bringing the total to 10 automotive OEMs [6]. - The company joined the Intel Foundry Accelerator program, enhancing its network of ecosystem partners [6]. - Arteris received three awards at the annual American Business Awards, including gold for Most Innovative Tech Company of the Year [6]. Guidance - For Q2 2025, Arteris expects annual contract value plus royalties to be between $66.0 million and $70.0 million, with revenue projected between $16.1 million and $16.5 million [7]. - Full-year 2025 guidance for annual contract value plus royalties is set at $71.0 million to $79.0 million, with revenue expected between $65.0 million and $71.0 million [7].
NeuroPace Reports First Quarter 2025 Financial Results
GlobeNewswire· 2025-05-13 20:05
-- Reported record quarterly revenue of $22.5 million in Q1 2025, driven by increasing market demand for core RNS System products -- -- Increased full-year 2025 revenue guidance to $93 to $97 million -- -- On track to announce topline data from the NAUTILUS pivotal study in the second half of 2025 -- -- Management scheduled to host a conference call today at 4:30 p.m. ET -- MOUNTAIN VIEW, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- NeuroPace, Inc. (Nasdaq: NPCE), a medical device company focused on transformin ...
Iridex Reports First Quarter 2025 Financial Results
GlobeNewswire· 2025-05-13 20:05
MOUNTAIN VIEW, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- Iridex Corporation (Nasdaq: IRIX), a worldwide leader providing innovative and versatile laser-based medical systems, delivery devices, and procedure probes for the treatment of glaucoma and retinal diseases, today reported financial results for the first quarter ended March 29, 2025. First Quarter 2025 Financial Highlights Total revenue was $11.9 million, compared to $11.8 million in the first quarter of 2024Cyclo G6® product family revenue was $3.2 m ...