DIRTT Reports Fourth Quarter 2025 Financial Results and Provides 2026 Guidance
Globenewswire· 2026-02-25 22:08
Core Insights - DIRTT Environmental Solutions Ltd. reported financial results for Q4 and the full year 2025, showing a revenue increase and strategic developments aimed at transformation and growth [1][2][3]. Financial Performance - Q4 2025 revenue was $50.9 million, a 4% increase from $48.9 million in Q4 2024, aligning with guidance expectations [2][4]. - Gross profit for Q4 2025 was $18.6 million, representing a gross profit margin of 36.6%, up from 35.9% in Q4 2024 [5]. - The net loss after tax for Q4 2025 was $3.7 million, compared to a net income of $4.0 million in Q4 2024 [16]. - Adjusted EBITDA for Q4 2025 was $6.2 million, or 12.1% of revenue, an improvement from $5.5 million or 11.2% of revenue in Q4 2024 [17]. Strategic Developments - The company appointed Scott Robinson as Executive Chairman and Adrian Zarate as Chief Transformation Officer to drive its transformation plan [2][19]. - DIRTT entered into a financing agreement with the Business Development Bank of Canada for up to C$15 million, with C$5.5 million received to date [2][3]. - A normal course issuer bid was renewed, allowing the company to acquire up to 9,593,878 common shares [2]. Operational Insights - Sales and marketing expenses decreased to $5.4 million in Q4 2025 from $5.8 million in Q4 2024, while general and administrative expenses increased to $8.0 million from $5.1 million [6][7]. - The company recognized a one-time impairment expense of $2.3 million related to the early termination of a lease at its former manufacturing facility [13]. - DIRTT's liquidity stood at $32.1 million as of December 31, 2025, down from $39.3 million a year earlier [2][20]. Future Outlook - The company anticipates revenue for 2026 to be between $194.0 million and $209.0 million, with Adjusted EBITDA expected between $26.0 million and $31.0 million [3][25]. - The broader macroeconomic environment remains supportive, with indicators such as the Dodge Momentum Index showing positive trends [18].
Constellation Software Inc. and Topicus.Com Inc. Announce Results for Topicus.com Inc. for the Fourth Quarter and Year Ended December 31, 2025
Globenewswire· 2026-02-25 22:04
Core Insights - Topicus.com Inc. reported a total revenue of €436.8 million for Q4 2025, marking a 20% increase from €364.9 million in Q4 2024, with a full-year revenue of €1,552.3 million, also a 20% increase from €1,249.9 million in 2024 [5][7] - The net income for Q4 2025 rose to €79.4 million, a 41% increase from €56.2 million in Q4 2024, while the annual net income decreased to €70.1 million, a 53% decline from €149.5 million in 2024 [6][7] - The company experienced organic growth of 4% for both the quarterly and annual periods, with acquisitions contributing significantly to revenue growth [5][6] Financial Performance - Q4 2025 total revenue was €436.8 million, up €71.9 million from Q4 2024, while annual revenue reached €1,552.3 million, an increase of €257.4 million from 2024 [5][7] - Net income for Q4 2025 was €79.4 million, translating to €0.59 per share, compared to €56.2 million (€0.40 per share) in Q4 2024 [6][7] - For the full year, net income decreased to €70.1 million (€0.50 per share) from €149.5 million (€1.11 per share) in 2024, primarily due to a €221.7 million expense related to the investment in Asseco [6][7] Cash Flow and Investments - Cash flows from operations (CFO) increased by 35% to €107.7 million in Q4 2025, and by 19% to €412.7 million for the full year [9][27] - Free cash flow available to shareholders (FCFA2S) rose by 40% to €51.2 million in Q4 2025 and by 23% to €218.7 million for the year [10][27] - The company completed acquisitions totaling €390.4 million in 2025, including a net investment in Asseco Poland S.A. of €384.9 million [7][27] Assets and Liabilities - Total assets as of December 31, 2025, were €2,513.2 million, up from €1,535.9 million in 2024, with significant increases in cash and intangible assets [17][18] - Total liabilities increased to €1,731.4 million from €1,004.5 million in 2024, reflecting higher debt levels associated with acquisitions [18][27] - Shareholders' equity rose to €781.8 million from €531.4 million in 2024, driven by retained earnings and comprehensive income [18][23]
Vista Gold Corp. Announces Proposed Public Offering of Common Shares
Globenewswire· 2026-02-25 22:04
Core Viewpoint - Vista Gold Corp. has initiated a public offering of US$30.0 million in common shares, with an option for underwriters to purchase an additional US$4.5 million to cover over-allotments, subject to market conditions [1][2]. Group 1: Offering Details - The offering is being managed by CIBC Capital Markets as the sole bookrunner [2]. - The net proceeds from the offering will be allocated to exploration and development activities at the Mt. Todd gold project in Australia, as well as for general corporate purposes [2]. - The offering is made under an effective shelf registration statement previously filed with the SEC, and a preliminary prospectus supplement has been filed [3]. Group 2: Regulatory and Compliance Information - The offering is also being conducted in Canada, except Quebec, under the "listed issuer financing" exemption [4]. - Closing of the offering is contingent upon customary conditions, including approval from the Toronto Stock Exchange [5]. Group 3: Company Overview - Vista Gold Corp. holds the Mt. Todd gold project, which is a significant development-stage gold deposit located in Northern Territory, Australia [7]. - The Mt. Todd project is characterized by strong project economics, significant initial production potential, and opportunities for expansion and exploration [8].
Timbercreek Financial Announces 2025 Fourth Quarter Results
Globenewswire· 2026-02-25 22:00
TORONTO, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three months and year ended December 31, 2025 (“Q4 2025”). Q4 2025 Highlights1 The Company had a strong Q4 2025 for originations advancing $333.9 million in new net mortgages and existing net mortgages. This drove an increase in the net mortgage portfolio of $149.5 million or 13.7% year-over-year and an increase of $184.8 million or 18.3% over Q3 2025 to $1,239.3 million. ...
Datadog and Sakana AI Announce Strategic Partnership to Advance AI Innovation and Observability for Enterprises
Globenewswire· 2026-02-25 22:00
Core Insights - Datadog has announced a strategic partnership with Sakana AI to enhance enterprise AI adoption through research and product innovation [1][2][3] Group 1: Partnership Overview - The collaboration aims to combine Datadog's observability and security platform with Sakana AI's advanced foundation models to support next-generation AI applications, starting in Japan [1][2] - The partnership will focus on joint research initiatives, product development, and go-to-market strategies, initially targeting large enterprise customers in Japan [3][4] Group 2: Objectives and Benefits - The collaboration is designed to provide enterprises with improved visibility into the performance and reliability of AI-powered applications, facilitating responsible AI technology adoption [2][3] - Datadog's established presence in Japan, including a local data center, will be leveraged to meet enterprise requirements around performance and data residency [3][4] Group 3: Company Profiles - Datadog is a leading observability and security platform for cloud applications, offering a comprehensive SaaS solution that integrates various monitoring and security capabilities [5] - Sakana AI, founded in July 2023, focuses on innovative AI research and aims to develop solutions tailored to Japan's needs while promoting the democratization of AI [6]
Xanadu and Mitsubishi Chemical Make Breakthrough Quantum Algorithms for Next-Generation Semiconductor Manufacturing
Globenewswire· 2026-02-25 22:00
TORONTO, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Xanadu (Xanadu Quantum Technologies Inc.), a world leader in photonic quantum computing, in partnership with Mitsubishi Chemical, a major Japanese chemical manufacturer, has announced the release of a new paper detailing a novel quantum simulation technique for semiconductor chip research and development. The pre-print research paper provides a scalable technique for simulating quantum processes involved in extreme ultraviolet (EUV) lithography, a wafer patterning ...
WSP releases strong Q4 2025 results and issues 2026 financial outlook
Globenewswire· 2026-02-25 22:00
MONTREAL, Feb. 25, 2026 (GLOBE NEWSWIRE) -- WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”), one of the world's leading professional services firms, today announced financial results for the fourth quarter and year ended December 31, 2025. In 2025, WSP delivered net revenues and adjusted EBITDA at or exceeding the high end of Management's revised outlook ranges(1). 2025 also marked historical record level achievements in several other metrics, including backlog at $17 billion, free cash flow(2) at $ ...
LENSAR® Provides Update on Pending Acquisition by Alcon
Globenewswire· 2026-02-25 22:00
ORLANDO, Fla., Feb. 25, 2026 (GLOBE NEWSWIRE) -- LENSAR, Inc. (Nasdaq: LNSR) (“LENSAR” or the “Company”), a global medical technology company focused on advanced robotic laser solutions for the treatment of cataracts, today provided an update on the status of its pending acquisition by Alcon Research, LLC (“Alcon”). The Company and Alcon continue to cooperate with the U.S. Federal Trade Commission (the “FTC”) staff in connection with its Request for Additional Information and Documentary Material (the “Seco ...
APA Corporation Announces Fourth-Quarter and Full-Year 2025 Financial and Operational Results
Globenewswire· 2026-02-25 21:44
HOUSTON, Feb. 25, 2026 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced fourth-quarter and full-year 2025 results. Results can be found on the company’s website by visiting www.apacorp.com or investor.apacorp.com. APA will host a conference call on Feb. 26 at 10 a.m. Central time via the webcast link available on the company website to discuss the results. Following the conference call, a replay will be available for one year on the “Investors” page of the company’s website. About APA APA C ...
CORRECTED VERSION: Ascent Solar Technologies' PV Blankets to Power NOVI AI Geo-Intelligence Spacecraft, N1-ATLAS, Scheduled for Launch This Spring
Globenewswire· 2026-02-25 21:39
THORNTON, Colo., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Ascent Solar Technologies (“Ascent” or the “Company”) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced that its previously delivered solar blankets have been successfully integrated into NOVI’s N-1 ATLAS spacecraft, scheduled to fly on the upcoming SpaceX Falcon 9 Transporter-16 launch next month. NOVI's spring mission will demonstrate GENIE™ (Geospa ...