TG Therapeutics to Participate in the Goldman Sachs 46th Annual Global Healthcare Conference
Globenewswire· 2025-06-06 11:30
Fireside chat scheduled for Tuesday, June 10, 2025, at 10:40am ET.NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- TG Therapeutics, Inc. (NASDAQ: TGTX) today announced that Michael S. Weiss, the Company’s Chairman and Chief Executive Officer, will participate in the Goldman Sachs 46th Annual Global Healthcare Conference, being held in Miami, FL on June 9-11, 2025. The fireside chat is scheduled to take place on Tuesday, June 10, 2025, at 10:40am ET. A live webcast of the fireside chat will be available on the Ev ...
Sun Belt State Transportation Agency to Deploy 150 Rekor Discover® Systems Under Rekor's Data-as-a-Service Model
GlobeNewswire News Room· 2025-06-06 11:30
COLUMBIA, Md., June 06, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ: REKR) (the "Company), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced a transformative deployment with a Sun Belt state transportation agency. As part of a new state initiative to upgrade its planning and operations capabilities, Rekor will deploy 150 Rekor Discover® systems under a one-year Data-as-a-Service contract valued at $1.2 million. The Company expects all 150 syst ...
FuelCell Energy Reports Second Quarter of Fiscal 2025 Results
Globenewswire· 2025-06-06 11:30
Current Business Update - FuelCell Energy reported a revenue of $37.4 million for the second quarter of fiscal 2025, representing a 67% increase compared to $22.4 million in the same quarter of the previous year [5][7] - The company is focusing on its carbonate platform to meet the growing market demand driven by AI data centers and distributed power generation solutions [3][5] - A global restructuring plan has been initiated to reduce operating expenses by 30% annually, with a workforce reduction of approximately 22% [5][14][16] Financial Performance - Gross loss for the second quarter was $(9.4) million, an increase of approximately 33% from $(7.1) million in the prior year [5][8] - Loss from operations decreased to $(35.8) million, a 13% improvement from $(41.4) million in the same quarter last year [5][12] - Net loss per share improved to $(1.79) from $(2.18), reflecting an 18% decrease in loss per share [5][13] Backlog and Revenue Streams - Total backlog increased by approximately 19% to $1.26 billion, up from $1.06 billion in the previous year [5][20] - Product revenues were $13.0 million, a significant increase from no product revenues in the comparable prior year period [10] - Service agreement revenues rose to $8.1 million from $1.4 million, driven by module replacement revenue [10] Operational Changes - The company is recalibrating its manufacturing facility production schedule to align with contracted demand rather than forecasted demand [16] - Research and development expenses decreased to $9.9 million, primarily due to reduced spending on solid oxide power generation and electrolysis platforms [9][11] - The addition of Mike Hill as Chief Commercial Officer is expected to enhance the company's focus on sustainable integrated energy solutions [3][5] Cash and Investments - As of April 30, 2025, the company had cash and cash equivalents totaling $240.0 million, down from $318.0 million as of October 31, 2024 [18] - Unrestricted cash and cash equivalents were $116.1 million, with short-term investments at $60.9 million [18] Strategic Partnerships - The company has formed a strategic partnership with Diversified Energy Co. PLC and TESIAC Corp. to enhance its entry into the data center market [3][5] - A long-term service agreement with Gyeonggi Green Energy Co., Ltd. contributed to the increase in backlog [20]
Bowman Announces Authorization of New $25 Million Share Repurchase Program
Globenewswire· 2025-06-06 11:30
RESTON, Va., June 06, 2025 (GLOBE NEWSWIRE) -- Bowman Consulting Group Ltd. (NASDAQ: BWMN) (“Bowman” or the “Company”), a national provider of technical engineering and program management services, today announced the authorization by its Board of Directors of a new share repurchase program under which the Company may repurchase up to $25 million of its common stock over the next 12 months commencing June 9, 2025. This new authorization replaces the Company’s stock repurchase authorization, which terminates ...
BE Resources Announces Closing of Debt Settlement
Globenewswire· 2025-06-06 11:30
TORONTO, June 06, 2025 (GLOBE NEWSWIRE) -- BE Resources Inc. (TSX-V: BER.H) (“BE Resources” or the “Company”) announces that, further to the Company’s press release dated March 6, 2025, the Company settled C$361,361.23 of debt owed to certain creditors of the Company in consideration for the issuance of 5,559,399 common shares of the Company (the “Shares”) at a deemed price of C$0.065 per Share (the “Debt Settlement”). The Company expects that the proposed Debt Settlement will assist the Company in preservi ...
AYR Provides Update on Anticipated Cease Trade Order
Globenewswire· 2025-06-06 11:30
MIAMI, June 06, 2025 (GLOBE NEWSWIRE) -- AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, today provides an update regarding the status of its securities in connection with its previously announced delay in filing its interim financial statements for the quarter ended March 31, 2025. As disclosed on May 30, 2025, the Company was unable to meet the deadline to file its interim financial report, management’s discussion ...
Auction result of Treasury Bills - RIKV 25 0917 - RIKV 25 1217
Globenewswire· 2025-06-06 11:30
Series RIKV 25 0917RIKV 25 1217Settlement Date 06/11/202506/11/2025Total Amount Allocated (MM) 1,80019,400All Bids Awarded At (Price / Simple interest) 97.947/7.70096.115/7.699Total Number of Bids Received 622Total Amount of All Bids Received (MM) 2,30020,000Total Number of Successful Bids <td colspan="3" style="border-right: solid black 1pt ; border-left: solid black 1pt ...
Accuray Announces Convertible Notes Exchange and Refinancing of Existing Credit Facilities
Prnewswire· 2025-06-06 11:30
MADISON, Wis., June 6, 2025 /PRNewswire/ -- Accuray Incorporated (NASDAQ: ARAY) today announced that, after an extensive review over the last several months, including the evaluation of numerous potential financing partners, it has entered into privately negotiated agreements with the holders of its existing 3.75% senior convertible notes due 2026 (the "Notes") to exchange an aggregate of $82.0 million principal amount of Notes for an aggregate of 8,881,579 shares of the Accuray's common stock (the "Shares" ...
Argan Q1 Is Another Win For Fellow Shareholders
Seeking Alpha· 2025-06-06 11:27
Group 1 - John "Jack" Bowman is a registered investment advisor and research analyst focusing on macroeconomics and income-focused investments [1] - He contributes to the Sungarden Investors Club on Seeking Alpha, where he teaches investors about risk management and total return investing [2] - Bowman co-hosts weekly live sessions discussing market thoughts and ongoing trades, emphasizing that investors have the tools to manage portfolios with less risk [2] Group 2 - The approach taken by Bowman combines his experience as a former teacher with his current role as an investment advisor [2] - The educational aspect of Bowman's work highlights the lack of teaching on the effective use of investment tools [2] - The quote from Timothy Snyder suggests that historical lessons can guide current investment strategies [3]
CEO Says Peloton Not For Sale As Peloton Repowered Marketplace Debuts
Forbes· 2025-06-06 11:25
Peloton stock soared during the pandemic but its share price has been downhill ever since. (Photo by ... More Michael Loccisano/Getty Images)Getty ImagesPeloton has launched an equipment and accessories resale marketplace called Peloton Repowered, as the company boss also slapped a ‘not for sale’ sign over the business.Speaking at a Bloomberg event today, CEO Peter Stern insisted that he had not been brought in to find a buyer for the company but instead is looking to capitalize on new and existing customer ...