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Smithfield Foods Declares Quarterly Dividend
Globenewswire· 2025-07-31 20:30
Core Viewpoint - Smithfield Foods, Inc. has announced a quarterly dividend payment of $0.25 per share, reflecting the company's commitment to returning value to shareholders [1] Company Overview - Smithfield Foods, Inc. is a leading American food company specializing in packaged meats and fresh pork products, with a diverse brand portfolio and strong relationships with U.S. farmers and customers [2]
FibroBiologics Reports Second Quarter 2025 Financial Results and Provides Corporate Update
Globenewswire· 2025-07-31 20:30
HOUSTON, July 31, 2025 (GLOBE NEWSWIRE) -- FibroBiologics, Inc. (Nasdaq: FBLG) (“FibroBiologics”), a clinical-stage biotechnology company with 275+ patents issued and pending with a focus on the development of therapeutics and potential cures for chronic diseases using fibroblasts and fibroblast-derived materials, today announced second quarter 2025 financial results and provided a corporate update. Recent Highlights Successfully closed third $5 million tranche of a $25 million total financing, with proceed ...
Knight Therapeutics Announces Regulatory Supplemental Submission of MINJUVI® (tafasitamab) for Follicular Lymphoma in Brazil
Globenewswire· 2025-07-31 20:30
Core Viewpoint - Knight Therapeutics Inc. announced a supplemental application to ANVISA for MINJUVI® (tafasitamab) in combination with rituximab and lenalidomide for treating adult patients with previously treated follicular lymphoma in Brazil, highlighting the company's commitment to innovation in cancer treatment [1][4]. Company Overview - Knight Therapeutics Inc. is a pan-American specialty pharmaceutical company focused on acquiring and commercializing pharmaceutical products in Canada and Latin America, with shares trading on TSX under the symbol GUD [11]. Product Information - MINJUVI® (tafasitamab) is a humanized Fc-modified cytolytic CD19-targeting monoclonal antibody, designed to mediate B-cell lysis through various immune mechanisms [7]. - The product is already approved in the U.S. in combination with lenalidomide and rituximab for adult patients with relapsed or refractory follicular lymphoma [8]. Regulatory Developments - The supplemental application for MINJUVI® was selected for review under Project Orbis, indicating a streamlined regulatory process for innovative therapies [1]. - The submission is based on results from the pivotal Phase 3 inMIND trial, which showed significant improvements in progression-free survival for patients treated with tafasitamab compared to placebo [6]. Market Context - Follicular lymphoma is the most common indolent form of non-Hodgkin lymphoma, with an expected incidence of 5.57 per 100,000 in the general Brazilian population, and it constitutes 20% to 25% of adult NHL cases [5]. - There are limited treatment options available for relapsed or refractory follicular lymphoma, underscoring the need for new therapeutic options [5].
Riot Platforms Reports Second Quarter 2025 Financial Results, Current Operational and Financial Highlights
Globenewswire· 2025-07-31 20:30
Core Insights - Riot Platforms, Inc. reported a record net income of $219.5 million and adjusted EBITDA of $495.3 million for Q2 2025, driven by strong Bitcoin prices and operational efficiencies [2][5]. Financial Performance - Total revenue for Q2 2025 reached $153.0 million, a significant increase from $70.0 million in Q2 2024, primarily due to an $85.1 million rise in Bitcoin mining revenue [5]. - The company produced 1,426 bitcoins in Q2 2025, up from 844 bitcoins in the same period last year [5]. - The average cost to mine one bitcoin, excluding depreciation, was $48,992 in Q2 2025, compared to $25,329 in Q2 2024, influenced by the block subsidy halving and a 45% increase in the global network hash rate [5][17]. Operational Highlights - Bitcoin mining revenue for the quarter was $140.9 million, up from $55.8 million in Q2 2024, attributed to higher average Bitcoin prices and increased operational hash rate [5]. - Engineering revenue increased to $10.6 million from $9.6 million year-over-year, benefiting from $18.5 million in capital expenditure savings since the acquisition of ESS Metron in December 2021 [5][6]. Strategic Positioning - The company emphasizes its strong capabilities in power procurement, Bitcoin mining, and infrastructure engineering, positioning itself to maximize shareholder value [3]. - Riot's strategy focuses on optimizing its power portfolio and shifting capacity towards high-value data centers, supported by recent key hires [3]. Balance Sheet Strength - Riot maintained a robust financial position with $141.1 million in working capital, including $255.4 million in unrestricted cash and $62.5 million in marketable equity securities [10]. - The company held 19,273 bitcoins, valued at approximately $2.1 billion based on a market price of $107,174 per bitcoin as of June 30, 2025 [10].
Aspen Aerogels to Participate in August Investor Conferences
Globenewswire· 2025-07-31 20:30
Core Viewpoint - Aspen Aerogels, Inc. is actively engaging with investors through participation in two upcoming conferences, highlighting its focus on sustainability and electrification solutions [1][6]. Group 1: Upcoming Investor Events - Aspen Aerogels will participate in the Oppenheimer 28th Annual Technology, Internet & Communications Conference on August 11, 2025, hosting one-on-one meetings with investors [2][3]. - The Canaccord Genuity 45th Annual Growth Conference will take place on August 12-13, 2025, where Aspen's management will also hold one-on-one meetings with investors [4][5]. Group 2: Presentation Details - At the Oppenheimer conference, a virtual presentation featuring CFO Ricardo C. Rodriguez and Senior Director Neal Baranosky is scheduled from 11:35 a.m. to 12:15 p.m. ET, with a live webcast available for one year [3]. - A Fireside Chat with President & CEO Donald R. Young and CFO Ricardo C. Rodriguez is set for August 12, 2025, from 1:30 p.m. to 2:00 p.m. ET, also with a live webcast available for one year [5]. Group 3: Company Overview - Aspen Aerogels is recognized as a technology leader in sustainability and electrification solutions, with products like PyroThin®, Cryogel®, and Pyrogel® addressing challenges in the electric vehicle and energy infrastructure markets [6].
Trupanion to Participate in the Canaccord Genuity 45th Annual Growth Conference
Globenewswire· 2025-07-31 20:30
SEATTLE, July 31, 2025 (GLOBE NEWSWIRE) -- Trupanion, Inc. (Nasdaq: TRUP), a leader in medical insurance for cats and dogs, announced today that Margi Tooth, Chief Executive Officer and President, will participate in a fireside chat at the Canaccord Genuity 45th Annual Growth Conference in Boston, Massachusetts on Wednesday, August 13, 2025 at 9:30 a.m. ET and will participate in meetings with investors throughout the day. The presentation will be webcast live and can be accessed on Trupanion’s Investor Rel ...
Host Hotels & Resorts Provides Updated Second Quarter 2025 Investor Presentation
Globenewswire· 2025-07-31 20:30
BETHESDA, Md., July 31, 2025 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust, today provided an updated investor presentation for second quarter 2025 results. The investor presentation can be found on the Investor Relations section on the Company’s website at https://www.hosthotels.com/#key-investors-materials. ABOUT HOST HOTELS & RESORTS Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real ...
Trisura Announces Timing of Second Quarter Results Release and Earnings Conference Call
Globenewswire· 2025-07-31 20:28
TORONTO, July 31, 2025 (GLOBE NEWSWIRE) -- Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU), a leading specialty insurance provider, announces the timing of second quarter 2025 results release and earnings conference call. Trisura will release its second quarter 2025 results after market close on Thursday, August 7th, 2025. The company will host a conference call for analysts and investors on Friday, August 8th, 2025 at 9:00 a.m. ET. Conference call participants will be David Clare, President an ...
Middlesex Water Company Reports Second Quarter 2025 Earnings
Globenewswire· 2025-07-31 20:21
Diluted earnings per share (“EPS”) of $0.60Invested $51 million in water and wastewater utility infrastructure during the first half of 2025, or approximately 55% of the 2025 capital budgetConstructive outcome of the general base rate case in DelawareDeclared $0.34 common stock cash dividend ISELIN, N.J., July 31, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ: MSEX) today announced financial results for the second quarter ended June 30, 2025. “We appreciate the dedi ...
Sun Country Airlines Reports Second Quarter 2025 Results
Globenewswire· 2025-07-31 20:19
Core Insights - Sun Country Airlines reported a total revenue of $264 million for the second quarter of 2025, marking a 3.6% increase compared to the same period in 2024 [3][8] - The company achieved a GAAP diluted EPS of $0.12 and an adjusted diluted EPS of $0.14, reflecting significant year-over-year growth [2][4] - The airline has successfully integrated additional cargo aircraft into its operations, with expectations to have all 20 freighters in service by the end of the third quarter [2][5] Financial Performance - Total operating revenue for the second quarter was $263.6 million, up from $254.4 million in 2024, representing a 3.6% increase [3] - Operating income increased by 31.5% to $16.3 million, with a GAAP operating margin of 6.2% and an adjusted operating margin of 6.8% [3][4] - Net income for the quarter was approximately $6.6 million, a 263% increase from $1.8 million in the previous year [3][4] Cargo and Charter Operations - Cargo revenue surged by 36.8% to $35 million, driven by a 9.5% increase in cargo block hours and new contract rates with Amazon [9][5] - Charter revenue also saw a 6.4% increase, totaling $54 million, although it was slightly below the growth rate of charter block hours [8][9] Capacity and Demand - The company experienced a 3.9% decline in total available seat miles (ASMs) due to a strategic reduction in passenger service to accommodate cargo growth [2][7] - Scheduled service TRASM increased by 3.7%, indicating robust demand despite a 6.2% decrease in scheduled service ASMs [2][8] Cost Structure - CASM increased by 6.3%, while adjusted CASM rose by 11.3%, primarily due to reduced scheduled service capacity [5][10] - Total operating expenses increased by 2.2% year-over-year, reflecting the impact of rising landing fees and airport rent [10][11] Balance Sheet and Liquidity - As of June 30, 2025, total liquidity stood at $207 million, with net debt at $431 million [12][13] - Cash and cash equivalents decreased to $37 million from $83.2 million in the previous year, indicating a need for careful cash management [12][32] Fleet and Future Outlook - The airline's fleet included 45 passenger aircraft and 19 cargo aircraft as of June 30, 2025, with plans to expand the cargo fleet further [14][30] - Guidance for the third quarter of 2025 anticipates total revenue between $250 million and $260 million, reflecting a modest growth outlook [15]