VANCOUVER, British Columbia, July 24, 2025 (GLOBE NEWSWIRE) -- Rakovina Therapeutics Inc. (TSXV: RKV) (the “Company” or “Rakovina”) a biopharmaceutical company advancing cancer therapies through artificial intelligence (AI)-powered drug discovery is pleased to announced that, as an update to the previously announced warrant amendments, the Company intends to implement an early exercise warrant incentive program (the “Incentive Program”) intended to encourage the exercise of up to 19,200,000 outstanding comm ...

PARSIPPANY, N.J., July 24, 2025 (GLOBE NEWSWIRE) -- Embecta Corp. (“embecta”) (Nasdaq: EMBC), a global company that is advancing its 100-year legacy in insulin delivery to become a broad-based medical supplies company, will host a conference call to discuss its fiscal third quarter 2025 financial results, provide an operational update, and host a question and answer session, at 8:00 a.m. Eastern Time (ET) on Friday, August 8, 2025. Those who would like to participate may access the live webcast here, or acc ...

TORONTO, July 24, 2025 (GLOBE NEWSWIRE) -- Profound Medical Corp. (NASDAQ:PROF; TSX:PRN) (“Profound” or the “Company”), a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue, will announce its second quarter 2025 financial results after market close on Thursday, August 14, 2025. Profound management will host a conference call at 4:30 p.m. ET to review the financial results and discuss business developments in the period. ...

Uniti Receives Favorable Private Letter Ruling from IRS LITTLE ROCK, Ark., July 24, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) and New Windstream, LLC (“Windstream”) jointly announced today the receipt of regulatory approval from the California Public Utilities Commission to complete the previously announced merger (the “Merger”) between Uniti and an affiliate of Windstream. All other state and federal regulatory approvals necessary for completion of the Merger were ...

-- Earnings per Share of $1.44, or $1.55 Excluding Special Items, Up 36% Sequentially -- -- Operating Income of $75 Million, or $79 Million Excluding Special Items, Up 25% Sequentially -- -- Operating Margin of 14.1% of Sales, or 14.9% Excluding Special Items -- -- Strong Second Quarter Cash Flow-- -- Released 17th Annual Sustainability Report -- NEW YORK, July 24, 2025 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”), a leading, technology-driven specialty minerals compan ...

Core Insights - Ocean Power Technologies, Inc. (OPT) reported a record backlog of $12.5 million, representing a 158% increase year-over-year, and a pipeline of $137.5 million, an 88% increase from the previous year [2][5] - The company achieved revenues of $5.9 million for FY25, a 6% increase compared to FY24, while operating expenses decreased by 28% to $23.3 million [2][6] - OPT secured significant contracts and partnerships, including a $3 million reseller agreement in Mexico and collaborations with various international defense agencies [2][5] Financial Performance - Revenues for FY25 were $5.9 million, up from $5.5 million in FY24, while gross profit decreased to $1.7 million from $2.8 million [6][19] - Operating expenses were reduced by $8.9 million, or 28%, from $32.2 million in FY24 to $23.3 million in FY25 [2][6] - The net loss for FY25 was $21.5 million, an improvement from a net loss of $27.5 million in FY24 [6][19] Strategic Developments - The company shipped an AI-enabled Merrows™ PowerBuoy® to a Middle Eastern customer and secured a contract with an international defense agency for WAM-V® Unmanned Surface Vehicles [2][5] - OPT formed strategic partnerships with various firms, including Remah International Group and Unique Group, to expand its market presence in the Middle East and Latin America [2][5] - The company achieved ISO 9001 certification, enhancing its credibility and operational efficiency [4] Operational Highlights - The company’s operating model has been streamlined, resulting in a 26% reduction in operating expenses year-over-year while maintaining delivery capabilities [4] - OPT received a Facility Security Clearance from the U.S. Department of Defense, enhancing its eligibility for classified programs [4][5] - The company’s cash and cash equivalents increased to $6.9 million as of April 30, 2025, compared to $3.3 million at the beginning of the fiscal year [12]

Core Viewpoint - Landmark Bancorp, Inc. reported strong financial performance for the second quarter of 2025, with significant growth in net earnings driven by increased loan demand and net interest income, despite a decrease in total deposits [4][6]. Financial Performance - Diluted earnings per share for Q2 2025 were $0.75, down from $0.81 in Q1 2025 but up from $0.52 in Q2 2024 [1]. - Net earnings for Q2 2025 totaled $4.4 million, compared to $4.7 million in the previous quarter and $3.0 million in the same quarter of the prior year [1]. - For the first six months of 2025, diluted earnings per share were $1.56, up from $1.01 during the same period in 2024 [2]. Key Ratios - Return on average assets for Q2 2025 was 1.11%, and return on average equity was 12.25% [1][28]. - The efficiency ratio improved to 62.8% in Q2 2025 from 64.1% in Q1 2025 [28]. Loan and Deposit Growth - Total gross loans increased by $42.9 million, or 16.0% annualized, in Q2 2025 [4][7]. - Despite a decrease in total deposits of $61.9 million from the previous quarter, year-over-year growth in deposits was $23.4 million, or 1.9% [4][13]. Net Interest Income - Net interest income for Q2 2025 was $13.7 million, an increase of $564,000, or 4.3%, from the previous quarter and an increase of $2.7 million, or 24.7%, from the same quarter of the prior year [6][25]. - The net interest margin increased to 3.83% in Q2 2025 from 3.76% in Q1 2025 [7][28]. Non-Interest Income and Expenses - Non-interest income for Q2 2025 totaled $3.6 million, an increase of $268,000 from the previous quarter [9]. - Non-interest expenses were $11.0 million, an increase of $200,000, or 1.9%, compared to the prior quarter [10]. Credit Quality - Credit quality remained stable with minimal net charge-offs totaling $40,000 in Q2 2025 [7][15]. - The allowance for credit losses was $13.8 million, or 1.23% of total gross loans, as of June 30, 2025 [15]. Dividend Declaration - The Board of Directors declared a cash dividend of $0.21 per share, payable on August 27, 2025 [4].

Partial Adjournment for Proposal 2, Asset Sale Proposal, and Proposal 3, Charter Amendment Proposal; All Other Proposals Required for Merger Were Approved Stockholders are encouraged to vote FOR Proposals 2 and 3 by Calling 1-877-750-8310 (from the U.S. and Canada) or +1-412-232-3651 (from other countries) IRVINE, Calif., July 24, 2025 (GLOBE NEWSWIRE) -- ReShape Lifesciences® (Nasdaq: RSLS), the premier physician-led weight loss and metabolic health solutions company, today announced that it conducted a Sp ...

ST. JOHN'S, Newfoundland and Labrador, July 24, 2025 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its second quarter 2025 financial results on Friday, August 1, 2025. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern). David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's second quarter financial results. Shareholders, analysts, mem ...

SAXONBURG, Pa., July 24, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics, announces the addition of the 56 Gbaud PAM4 transimpedance amplifier (TIA) to its open-market ASIC portfolio. Designed for next-generation 400G and 800G optical transceivers, this new CHR1065 product family combines outstanding performance with practical system-level advantages. Its industry-leading 2 µARMS input-referred noise enables superior receiver sensitivity for longer optical reach, while hi ...