Inside information: Profit warning: Suominen reduces its outlook for 2025 and announces preliminary financials for the third quarter
Globenewswire· 2025-10-15 11:30
Core Insights - Suominen Corporation has revised its outlook for comparable EBITDA in 2025, now expecting it to be lower than in 2024, contrary to previous expectations of improvement [1][3]. Financial Performance - In 2024, Suominen's comparable EBITDA was EUR 17.0 million [3]. - For the third quarter of 2025, Suominen reported net sales of EUR 99.8 million and estimated comparable EBITDA of approximately EUR 3.4 million [2]. Operational Challenges - The company faced slower volume recovery from supply chain disruptions, particularly due to US tariff variations [2]. - Two significant incidents impacted US plants in the third quarter: an equipment failure led to an extended production line shutdown, and flooding in a storage area resulted in inventory disposal [2]. Company Overview - Suominen manufactures nonwovens for various applications, with a vision to lead in innovation and sustainability [4]. - The company's net sales in 2024 were EUR 462.3 million, employing over 700 professionals across Europe and the Americas [4].
Terra Clean’s Fraser Lakes B Deposit Contains Significant Rare Earth Element Potential and is Listed as an Active Government of Canada Rare Earth Deposit
Globenewswire· 2025-10-15 11:30
Vancouver B.C., Oct. 15, 2025 (GLOBE NEWSWIRE) -- TERRA CLEAN ENERGY CORP. (“Terra” or the “Company”) (CSE: TCEC, OTCQB: TCEFF, FSE: C9O0, is pleased to highlight the rare earth element (“REE”) potential at its Fraser Lakes B Deposit, confirmed by drilling and assays. The REE component within the deposit and surrounding areas contains significant quantities of rare earth oxides (“REO”) specifically La₂O₃ (Lanthanum oxide), Ce₂O₃ (Cerium oxide), Yb₂O₃ (Ytterbium oxide), and Y₂O₃ (Yttrium oxide) as reported i ...
Treasure Global Reports Audited Financial Results for Fiscal Year Ended June 30, 2025
Globenewswire· 2025-10-15 11:30
Core Insights - Treasure Global Inc. reported a significant narrowing of its adjusted net loss by 68% year-over-year, amounting to approximately USD 2.1 million for FY2025, compared to USD 6.6 million in FY2024 [3][8] - The company achieved a gross profit of USD 1.7 million, with a gross margin expansion to 71.6%, attributed to a strategic shift towards higher-margin technology and software services [8] - The fiscal year 2025 was characterized as a transitional year, focusing on restructuring and reinvestment to strengthen fundamentals and optimize operations for sustainable recovery and long-term profitability [2][3] Financial Performance - Adjusted net loss narrowed to approximately USD 2.1 million from USD 6.6 million in FY2024, indicating improved operating efficiency and disciplined cost management [3][8] - Gross profit reached USD 1.7 million, with a gross margin of 71.6%, reflecting the company's focus on higher-margin technology solutions [8] - Operating expenses declined significantly year-over-year, showcasing the company's commitment to cost management and operational efficiency [8] Strategic Initiatives - The company is realigning its focus towards enterprise technology and AI-driven solutions, positioning itself for sustainable revenue growth and enhanced profitability [8] - Strategic actions taken during FY2025 have strengthened the company's fundamentals and streamlined its cost base [3][8] - Treasure Global aims to leverage technology-driven solutions to enhance customer experiences and expand ecosystem partnerships [3]
Matador Acquires 5 Bitcoin for CAD$810,733, Bringing Its Total Bitcoin (and Bitcoin Equivalent) Holdings to 82
Globenewswire· 2025-10-15 11:30
Core Insights - Matador Technologies Inc. has acquired an additional 5 bitcoin for CAD$810,733 (USD$579,188), maintaining Bitcoin as a core treasury asset [1][2] - Following this acquisition, Matador's total Bitcoin holdings are approximately 82 bitcoin, with a long-term goal of owning about 1% of Bitcoin's fixed supply of 21 million coins [2][3] - The company is progressing towards a USD$100 million secured convertible note facility with ATW Partners, which is expected to provide additional flexibility for scaling its Bitcoin position [2][3] Financial Strategy - The recent Bitcoin purchase was funded from existing cash, while preserving the company's shelf capacity and note facility for future opportunities [3] - Matador aims to reach targets of 1,000 BTC by 2026 and 6,000 BTC by 2027, focusing on capital allocation during market softness [3] - The company has filed a preliminary short form base shelf prospectus for CAD$500 million to support its financial strategy [2] Business Development - Matador has expanded its international exposure by agreeing to acquire up to a 24% interest in HODL Systems, a digital asset treasury company based in India [5] - The company maintains a Bitcoin-first approach and is evaluating product initiatives to support activity on the Bitcoin network [6] - Matador's strategy combines Bitcoin accumulation, product development, and participation in digital asset infrastructure to drive long-term shareholder value [4][6]
Revival Gold Appoints Scott Trebilcock VP, Corporate Development & Investor Relations
Globenewswire· 2025-10-15 11:30
TORONTO, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is delighted to announce the appointment of Scott Trebilcock as Vice President, Corporate Development & Investor Relations. “We are thrilled to welcome Scott to Revival Gold”, said Hugh Agro, President & CEO. “Scott is an accomplished and highly regarded gold industry executive with an outstanding track record of success. Scott’s extensive network of business relationships and broad exper ...
Golar LNG Limited – Q3 2025 results presentation
Globenewswire· 2025-10-15 11:21
Group 1 - Golar LNG will release its Q3 2025 results before NASDAQ opens on November 5, 2025 [1] - A webcast presentation will take place at 1:00 P.M (London Time) on the same day, available for download from the Investor Relations section [1] - Participants are encouraged to join the conference call via the live webcast link and should connect 10 minutes prior to the start [1] Group 2 - Sell-side analysts wishing to ask questions during the Q&A session must access the event via the conference call [1] - There will be a limit of two questions per participant during the Q&A session [1] Group 3 - Conference call participants need to register to obtain dial-in and passcode details, which helps eliminate wait times [3] - Participants can join the call by dialing in with provided numbers and unique PIN or by using the "Call me" option [3] Group 4 - Presentation materials can be downloaded from the Investor Relations section for viewing during the conference [4] - A replay of the event audio will be available for a limited time on the same website for those unable to listen live [4] - This information complies with the disclosure requirements of the Norwegian Securities Trading Act [4]
60 Degrees Pharmaceuticals Announces No Detection of Babesia Infection in First Patient Following Treatment with Tafenoquine in Relapsing Babesiosis Study
Globenewswire· 2025-10-15 11:14
Breakthrough Therapy Designation request has been submitted to FDACompany to request a Type B meeting with FDA in early 2026 to discuss requirements for a supplementary New Drug Application (sNDA)Results obtained using highest sensitivity test available; licensed by FDA for blood donation screeningRemaining enrolled patients will complete the study between January and October 2026Study intended to confirm the high cure rate for tafenoquine in immunosuppressed patients with relapsing babesiosis, as reported ...
Gilat Receives $42 Million in Orders from a leading Satellite Operator for its Multi-Orbit SkyEdge IV Platform
Globenewswire· 2025-10-15 11:09
Global growth in In-Flight Connectivity and demand for free Wi-Fi drive continued expansion across GEO, MEO, and LEO networksPETAH TIKVA, Israel, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it’s Commercial Division has received $42 million in orders from a leading satellite operator, primarily for it’s multi-orbit SkyEdge IV platform. The systems are scheduled f ...
SciSparc Enters into Definitive Agreement for the Acquisition of a Publicly Traded Company on the TSXV to which it will transfer its Advanced Clinical Stage Pharmaceutical Portfolio
Globenewswire· 2025-10-15 11:05
According to the agreement, SciSparc’s pharmaceuticals assets and equity stake in SciSparc Nutraceuticals Inc. are valued at approximately US$11.6 million TEL AVIV, Israel, Oct. 15, 2025 (GLOBE NEWSWIRE) -- SciSparc Ltd. (Nasdaq: SPRC) (“Company” or “SciSparc”), a specialty clinical-stage pharmaceutical company focusing on the development of therapies to treat disorders and rare diseases of the central nervous system, announced today that on October 9, 2025, the Company entered into a definitive asset and s ...
Nextracker and T1 Energy Sign Multi-Year Agreement for Supply of Advanced Solar Panel Frames Engineered and Made in the USA
Globenewswire· 2025-10-15 11:05
The framework agreement targets multi-gigawatt solar module frame supply over several years valued at over $75 millionFREMONT, Calif. and AUSTIN, Texas, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Nextracker (NASDAQ: NXT), a leading solar technology platform provider, and T1 Energy Inc. (NYSE: TE), an advanced manufacturer of solar modules, today announced a strategic framework agreement to use Nextracker’s patented steel module frame technology for T1 Energy’s new 5-GW G1_Dallas solar manufacturing facility. The agr ...