Pluxee delivers solid organic growth performance in Q3 Fiscal 2025, in line with full-year objectives
Globenewswire· 2025-07-03 05:00
Core Insights - Pluxee demonstrated solid organic growth performance in Q3 Fiscal 2025, achieving total revenues of 310 million euros, which represents an 11.1% organic growth year-on-year [2][6][9] - The company confirmed its full-year financial objectives, reflecting strong execution and performance over the first nine months of the fiscal year [5][24] Financial Performance - Total revenues for Q3 Fiscal 2025 reached 310 million euros, up from 297 million euros in Q3 Fiscal 2024, marking an 11.1% organic growth and a 4.3% reported growth [2][9] - Operating revenue was 270 million euros, reflecting an 11.1% organic growth and a 5.4% reported growth [10][12] - Float revenue amounted to 39 million euros, growing 10.8% organically but declining 2.2% in reported terms [11][12] Regional Performance - Continental Europe generated 134 million euros in revenues, up 6.5% organically, while Latin America saw revenues of 121 million euros, growing 13.8% organically [2][15] - The Rest of the World reported revenues of 55 million euros, with a 15.2% organic growth despite a decline in reported terms [2][18] Business Segments - Employee Benefits segment generated 270 million euros in operating revenue, up 12.3% organically, driven by strong client acquisition and improved retention rates [7][12] - Other Products & Services reported 40 million euros in operating revenue, showing a modest 0.5% organic growth [14][36] M&A Activity - The company signed the acquisition of MyBenefits in Romania, which is expected to enhance technological capabilities and generate sustainable growth synergies [20][21][22] - Integration efforts for Cobee in Spain and Benefício Fácil in Brazil are ongoing, alongside a fully operational partnership with Santander [23][24] Outlook - Pluxee maintains its financial objectives for Fiscal 2025, expecting low double-digit organic growth in total revenues and float revenue [24][27] - The company anticipates a recurring EBITDA margin expansion of +150 basis points at Fiscal 2024 constant rates for Fiscal 2025 [27]
Christina Lake Cannabis Announces Delay in Filing its 2024 Annual Financial Statements
Globenewswire· 2025-07-03 04:45
Core Viewpoint - Christina Lake Cannabis Corp. (CLC) announced a delay in filing its annual financial statements for the fiscal year ended February 28, 2025, due to extended audit processes and resource limitations [1][2]. Group 1: Filing Delay - CLC will not file its annual financial statements by the prescribed deadline of June 30, 2025, due to the audit taking longer than expected [1][2]. - The delay is attributed to the high level of testing required and limited staff availability, particularly concerning inventory and biological assets [2]. - The increased production levels and new product lines following the Midway acquisition have complicated the costing and inventory allocation processes [2]. Group 2: Auditor and Compliance - CLC is collaborating with its auditor DMCL LLP to ensure timely submission of the annual filings, with an expected filing date no later than July 14, 2025 [3]. - The company has applied for a management cease trade order (MCTO) to prevent the CEO and CFO from trading in CLC securities until the filings are completed [3]. - The MCTO application is subject to the risk of not being successful, which could lead to further trading restrictions [3][4]. Group 3: Company Operations - CLC is a licensed cannabis producer with a focus on high-quality extracts and distillates, operating on a 32-acre property with over 950,000 square feet of outdoor grow space [5]. - The company has secured necessary licenses from Health Canada for cultivation, processing, and research and development [5]. - CLC's production strategy includes proprietary strains developed for outdoor cultivation to enhance extraction quality [5].
KOORUI Emerges as a Gaming Monitor Contender Ahead of Amazon Prime Day Surge
Globenewswire· 2025-07-03 03:54
Group 1: Industry Insights - Global demand for high-performance consumer electronics is increasing, with an 18% year-over-year rise in electronics sales during Prime Day 2024 [1] - Gaming monitors and productivity devices are among the top-performing categories in the electronics market [1] Group 2: Company Overview - KOORUI, founded on May 4, 2021, aims to enhance the human visual experience through high-quality display products [3] - The brand has quickly expanded across major online platforms, supporting various use cases from gaming to content creation [3] Group 3: Product Launch and Strategy - KOORUI has announced a new product lineup for Prime Day, including the G2741L with Dual-Mode display technology and the G2411P with a 200Hz refresh rate [2][6] - The company’s product strategy focuses on user context rather than specifications alone, differentiating it in a crowded display market [5] Group 4: Technical Foundation - KOORUI benefits from the industrial and supply chain expertise of one of China's leading display manufacturing enterprises, allowing it to balance innovation, quality, and scalability [4] - The brand is powered by HKC's semiconductor display expertise, blending innovative panel manufacturing with human-centered design [8] Group 5: Market Positioning - Prime Day serves as a global stage for KOORUI to enhance brand visibility and showcase the strength of Chinese display technology internationally [7]
DMG Blockchain Solutions Announces Preliminary June Operational Results
Globenewswire· 2025-07-03 03:30
Core Insights - DMG Blockchain Solutions Inc. reported a decrease in its realized hashrate to 1.56 EH/s in June 2025, down 18% from 1.89 EH/s in May 2025, due to an unscheduled electrical outage and challenges with its hydro infrastructure [1][2][8] - The company is addressing issues with its hydro infrastructure, including contamination from manufacturer quality control problems, and aims to improve its hashrate closer to its potential of 0.4 EH/s [2][3] - DMG plans to source new hydro infrastructure from alternative manufacturers to enhance quality control and efficiency, with a goal to expand its capacity to 3 EH/s by the end of 2025 [3][6] Operational Performance - DMG's bitcoin balance at the end of June was 341 BTC, a decrease from 350 BTC in May, as the company sold bitcoin to fund operating expenses and reduce its loan balance with Sygnum Bank [4][8] - The company mined 23 BTC in June, down from 31 BTC in May 2025 [8] Strategic Developments - DMG has executed a binding agreement to develop a new data processing center in a Canadian province outside of British Columbia, which will utilize low-cost renewable energy and is expected to add approximately 1 EH/s of mining capacity by the second half of 2026 [5][6] - The CEO highlighted ongoing discussions with Canadian governmental agencies, particularly regarding military spending and AI, which may align with DMG's strategic objectives [6] Employee Incentives - DMG granted a total of 201,607 stock options and 1,275,000 restricted stock units (RSUs) to employees and directors, aimed at aligning long-term performance with the company's growth [7]
MoneyHero Group Launches First Annual SingSaver Best-Of Awards to Recognise Excellence in Personal Financial Products
Globenewswire· 2025-07-03 03:00
Core Insights - MoneyHero Limited has launched the "SingSaver Best-Of Awards" to recognize outstanding personal finance products in Singapore [1][4] - The awards will evaluate 45 exceptional products across categories such as credit cards, digital banks, investing, and insurance [2] - The initiative aims to simplify financial decision-making for Singaporeans by highlighting products that offer exceptional value [3] Company Overview - MoneyHero Limited is a leading personal finance aggregation and comparison platform, operating in Greater Southeast Asia [9] - The company has a diverse brand portfolio, including platforms like MoneyHero, SingSaver, and Money101, and has over 260 commercial partner relationships as of March 31, 2025 [9] - MoneyHero had approximately 5.7 million Monthly Unique Users across its platform for the three months ended March 31, 2025 [9] Awards Program Details - The awards will be judged based on criteria such as annual fees, interest rates, sign-up incentives, and user experience [2] - Winners will be celebrated at a gala dinner on July 17, 2025, bringing together financial institutions and industry influencers [3] - Following the Singapore launch, MoneyHero plans to expand the awards program to Hong Kong, the Philippines, and Taiwan [4]
Theratechnologies enters into Definitive Agreement to be Acquired by CB Biotechnology, an Affiliate of Future Pak
Globenewswire· 2025-07-03 02:11
Core Viewpoint - Theratechnologies Inc. has entered into a binding arrangement agreement with CB Biotechnology, LLC for the acquisition of all its common shares at a price of US$3.01 per share in cash, plus contingent value rights (CVRs) that could yield additional payments of up to US$1.19 per CVR, totaling a potential transaction value of US$254 million assuming full CVR payments [1][5][10]. Transaction Details - The cash and CVR consideration represents significant premiums of 126% and 216% respectively compared to the closing price on April 10, 2025, prior to the announcement of the initial proposal [2][5]. - The transaction is the result of a sale process led by a special committee of independent directors, aimed at maximizing shareholder value [3][18]. - The transaction will be funded by Future Pak through a combination of debt financing and cash on hand, with a commitment for a US$220 million credit facility [11]. Milestones and CVR Payments - CVR holders may receive additional payments based on the achievement of specific milestones related to the EGRIFTA franchise gross profit, with potential distributions of up to US$65 million [6][7]. - If the EGRIFTA franchise gross profit exceeds US$40 million in any 12-month period, 50% of the excess will be distributed to CVR holders [6]. - Additional one-time payments of US$10 million and US$15 million may be made if cumulative gross profits exceed US$150 million and US$250 million respectively over a 36-month period [6]. Shareholder Approval and Governance - The transaction requires approval from at least 66⅔% of the votes cast by common shareholders at a special meeting [12]. - The Board of Directors has unanimously recommended that shareholders approve the transaction, deeming it fair and in the best interests of the company [18][19]. - Voting support agreements have been secured from senior management and directors holding approximately 1.14% of the common shares [13]. Post-Transaction Structure - Upon completion, Theratechnologies will become a privately held company and will cease to be a reporting issuer under Canadian securities laws [15]. - The common shares will no longer be publicly traded on the Toronto Stock Exchange and Nasdaq [15].
Wen Acquisition Corp Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing July 7, 2025
Globenewswire· 2025-07-03 00:57
Company Overview - Wen Acquisition Corp is a blank check company formed to effect mergers, amalgamations, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses [2] - The primary focus of the company will be on infrastructure companies in the financial technology (fintech) sector, particularly those enabling digital assets like stablecoins through the integration of blockchain networks into traditional financial systems [2] Trading Information - Starting July 7, 2025, holders of units sold in the initial public offering can separately trade the Class A ordinary shares and warrants included in the units [1] - The separated Class A ordinary shares and warrants will trade on the Nasdaq Global Market under the symbols "WENN" and "WENNW," respectively, while units not separated will continue to trade under the symbol "WENNU" [1]
Business First Bancshares, Inc. Announces Second Quarter 2025 Earnings Release Date and Conference Call
Globenewswire· 2025-07-03 00:16
Core Points - Business First Bancshares, Inc. (Nasdaq: BFST) will release its financial results for Q2 2025 on July 28, 2025, at 7:00 a.m. CST [1] - A conference call and webcast will be held on the same day at 9:00 a.m. CST to discuss the results [1] - Interested parties can join the call by dialing 1-800-715-9871 with conference ID 2799880 or via a live webcast [2] Company Overview - As of March 31, 2024, Business First Bancshares, Inc. has $7.8 billion in assets and $7.1 billion in assets under management through its affiliate Smith Shellnut Wilson, LLC [4] - The company operates banking centers and loan production offices in Louisiana and Texas, offering commercial and personal banking products and services [4] - b1BANK has received the 2024 Mastercard "Innovation Award" and is a multiyear winner of American Banker Magazine's "Best Banks to Work For" [4]
WestKam Gold Corp. Announces Late Filing of Q2 Interim Financial Statements and Management Cease Trade Order
Globenewswire· 2025-07-02 22:43
Core Points - WestKam Gold Corp. was unable to meet the June 30, 2025 deadline for filing its interim financial statements due to the CFO's medical leave [1] - The company is in the process of hiring new accounting personnel and an Interim CFO to complete the Interim Financials, expected to be filed by the end of August 2025 [1] - The company received approval for a management cease trade order (MCTO) from the British Columbia Securities Commission due to the late filing [2] - While the MCTO is in effect, the general public can still trade the company's shares, but the CEO and Interim CFO are prohibited from trading [4] - The company must issue bi-weekly default status reports while the MCTO is in effect [3] Company Overview - WestKam Gold Corp. is a Canadian-listed junior gold exploration company focused on projects in Western North America [5]
NuVista Energy Ltd. Announces Updated Annual Production Guidance Due to Third Party Midstream Delays
Globenewswire· 2025-07-02 22:12
CALGARY, Alberta, July 02, 2025 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (TSX:NVA, "NVA" or "NuVista") is providing revised guidance to our annual production volumes and reiterating our commitment to our shareholder return strategy. Due to continued delays in commissioning the Pipestone Gas Plant (“Pipestone Plant”) and additional required work discovered during a gas plant turnaround in the greater Wapiti area (“Wapiti Turnaround”), we now anticipate annual volumes to average approximately 83,000 Boe/d(1). ...