Planet Ventures Closes Oversubscribed $6,400,000 Convertible Debenture Financing
Thenewswire· 2025-08-19 20:05
Vancouver, BC – August 19, 2025 – TheNewswire - Planet Ventures Inc. (CSE: PXI; OTC: PNXPF; Frankfurt: P6U1) ("Planet Ventures" or the "Company"), an investment issuer focused on investing on disruptive technologies, mining and acquiring Bitcoin, is pleased to announce that it has closed its previously announced convertible debenture (each a “Debenture”) financing for total gross proceeds of $6,400,000 (the “Offering”).No commissions were paid in connection with the Offering. The gross proceeds raised unde ...
Fluent Announces Second Quarter 2025 Financial Results; Commerce Media Solutions Annual Revenue Run Rate Exceeds $80 Million
Globenewswire· 2025-08-19 20:05
Core Viewpoint - Fluent, Inc. reported strong growth in its Commerce Media Solutions business, with a year-over-year revenue increase of 121% and a run rate growth of 23% compared to the first quarter of 2025, while also anticipating continued growth in the latter half of the year [2][3]. Financial Performance - Q2 2025 revenue was $44.7 million, a decrease of 24% from $58.7 million in Q2 2024 [6]. - Commerce Media Solutions revenue grew 121% to $16.1 million, representing 36% of total revenue, up from 12% in Q2 2024 [5][6]. - Owned and Operated revenue decreased 49% to $21.4 million compared to $42.0 million in Q2 2024 [6]. - The company reported a net loss of $7.2 million, or $0.30 per share, compared to a net loss of $11.6 million, or $0.75 per share, for Q2 2024 [6][7]. Strategic Outlook - The company expects Commerce Media Solutions to become the majority revenue contributor in the second half of 2025, marking a significant milestone [3]. - Fluent anticipates adjusted EBITDA profitability in Q4 2025 and full-year double-digit revenue growth and adjusted EBITDA profitability in 2026 [3][8]. Key Metrics - Commerce Media Solutions annual revenue run rate now exceeds $80 million, reflecting a 23% quarter-over-quarter increase [5]. - Gross profit (exclusive of depreciation and amortization) for Q2 2025 was $10.3 million, representing 23% of revenue, while Commerce Media Solutions reported a gross profit of $2.9 million, an increase of 43% over Q2 2024 [6][21]. - Adjusted EBITDA loss for Q2 2025 was $2.8 million, an improvement of $1.7 million compared to Q2 2024 [6][29]. Capital and Investment - The company raised $10.3 million from new investors and insiders subsequent to the quarter [5].
Tripadvisor Announces Updated Conference Participation Date
Prnewswire· 2025-08-19 20:05
Group 1 - Tripadvisor, Inc. announced a change in participation date for a conference where CEO Matt Goldberg will engage in a fireside chat [1] - The Goldman Sachs Communacopia + Technology Conference is now scheduled for 1:45 p.m. PT on September 8, 2025, in San Francisco [1] - A live webcast of the event will be available on the Investor Relations website, with a replay also accessible [1] Group 2 - Tripadvisor, Inc. aims to be the world's most trusted source for travel and experiences, connecting people to shareable experiences [2] - The company utilizes its brands, technology, and capabilities to connect a global audience with partners through rich content and travel guidance [2] - Tripadvisor, Inc. includes a portfolio of travel brands such as Tripadvisor, Viator, and TheFork [2]
Fluent Announces $10.3 Million Private Placement of Securities
Globenewswire· 2025-08-19 20:04
Core Viewpoint - Fluent, Inc. has announced a definitive agreement for the issuance and sale of 5,871,427 shares of common stock at an effective purchase price of $1.75 per share, aiming to raise approximately $10.3 million in gross proceeds to bolster its balance sheet and support growth plans [1][3]. Group 1: Private Placement Details - The private placement includes pre-funded warrants with an exercise price of $0.0005, which will be exercisable upon stockholder approval [1]. - The warrants have an exercise price of $2.21 per share and will be exercisable starting six months after issuance, expiring five years from the initial exercisability date [1]. - The offering is expected to close on or about August 19, 2025, subject to customary closing conditions [1]. Group 2: Financial Implications - The gross proceeds from the private placement are expected to be approximately $10.3 million, before deducting fees and expenses [3]. - If fully exercised, the additional gross proceeds from the warrants and pre-funded warrants could amount to approximately $13.0 million [3]. - The net proceeds from the private placement are intended for working capital and general corporate purposes [3]. Group 3: Company Overview - Fluent, Inc. is a leader in commerce media solutions, connecting brands with engaged consumers through exclusive ad inventory and first-party data [7]. - The company has experienced triple-digit growth in its Commerce Media Solutions business, attracting a growing list of world-class brands [2]. - Founded in 2010, Fluent leverages performance marketing expertise to drive monetization and enhance customer engagement [7].
Can IONQ Become the NVIDIA of Quantum Computing, and Is It a Buy?
ZACKS· 2025-08-19 20:01
Core Insights - IonQ, Inc. has seen a remarkable share price increase of 457.9% over the past year, primarily due to advancements in quantum computing and partnerships with major cloud platforms [1][9] - The company aims to establish itself as the NVIDIA of quantum computing, focusing on revenue growth and strategic acquisitions [2][5] Financial Performance - IonQ's revenue projections for the current year are between $82 million and $100 million, a significant increase from $43.1 million in 2024 [3] - The company reported second-quarter revenues of $20.7 million, up from $11.4 million year-over-year, and anticipates third-quarter revenues of $25 million, nearly double the previous year's figures [4] - Despite revenue growth, IonQ reported an operating loss of $160.6 million in the second quarter, which is a substantial increase from a loss of $48.9 million a year ago [5][9] Strategic Positioning - IonQ has made several acquisitions, including Qubitekk, ID Quantique, and Lightsynq Technologies, to strengthen its position in the quantum computing sector [2] - The company has secured contracts with the U.S. Air Force Research Lab, which is expected to contribute to significant growth over the next two years [2] Market Comparison - IonQ's operating loss and financial challenges may hinder its ambition to become the NVIDIA of quantum computing, especially when compared to NVIDIA's strong financial performance, which includes an operating income of $21.6 billion and a revenue increase of 69% year-over-year [6][7] - IonQ's forward price-to-sales (P/S) ratio is significantly higher at 126.59 compared to 4.14 for the Computer-Integrated System industry, indicating a potentially overvalued stock [11] Industry Outlook - The quantum computing industry is projected to reach a value of $100 billion by 2035, suggesting a promising future for companies like IonQ [8]
MARTEN TRANSPORT ANNOUNCES CEO RETIREMENT AND LEADERSHIP TRANSITION
GlobeNewswire News Room· 2025-08-19 20:01
Core Viewpoint - Marten Transport, Ltd. announces the retirement of CEO Timothy Kohl effective September 30, 2025, with Randolph Marten taking over as CEO and Chairman of the Board on October 1, 2025 [1][2]. Company Leadership - Timothy Kohl has been with the company since 2007, serving as CEO and previously as President, leading the company through significant growth and transformation [2]. - Randolph Marten has a long history with the company, having been a full-time employee since 1974 and serving in various leadership roles, including CEO from January 2005 to May 2021 [2]. Company Overview - Marten Transport is headquartered in Mondovi, Wisconsin, and operates a multifaceted business model that includes temperature-sensitive and dry truck-based transportation across six distinct business platforms [3]. - The company is recognized as one of the leading temperature-sensitive truckload carriers in the United States, specializing in the transportation of food, beverages, and consumer packaged goods that require temperature control [3]. - Marten Transport provides services in the United States, Mexico, and Canada, focusing on expedited movements for high-volume customers [3].
Celldex Reports Results from Phase 2 Study of Barzolvolimab in Eosinophilic Esophagitis (EoE)
GlobeNewswire News Room· 2025-08-19 20:01
Study met primary endpoint demonstrating barzolvolimab’s ability to potently deplete mast cells in the gastrointestinal tractProfound mast cell depletion did not result in improved clinical outcomes providing direct evidence that mast cells are not a primary driver in EoE Favorable safety profile demonstrated for barzolvolimab 300 mg Q4 weekly dosing regimenCompany to host webcast today at 4:30 pm ET HAMPTON, N.J., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Celldex Therapeutics, Inc. (NASDAQ:CLDX) today reported top ...
Arcutis to Present at Upcoming Investor Conferences
Globenewswire· 2025-08-19 20:00
WESTLAKE VILLAGE, Calif., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Arcutis Biotherapeutics, Inc. (Nasdaq: ARQT), a commercial-stage biopharmaceutical company focused on developing meaningful innovations in immuno-dermatology, today announced that Arcutis management will participate in three upcoming investor conferences. Details for the company’s participation are as follows: Citi’s 2025 Biopharma Back to School Conference, September 2-3, 2025 Fireside Chat Date: Wednesday, September 3, 2025 Fireside Chat Time: 9: ...
Canadian Net REIT Announces 2025 Second-Quarter Results
GlobeNewswire News Room· 2025-08-19 20:00
MONTRÉAL, Aug. 19, 2025 (GLOBE NEWSWIRE) -- Canadian Net Real Estate Investment Trust (“Canadian Net” or the “REIT”) (TSX-V: NET.UN) today reported its results for the quarter ended June 30th, 2025 (“Q2 2025”) and distributions for October, November and December 2025. “We are pleased with our second quarter results, highlighted by an 8% year-to-date increase in FFO per unit1,” said Kevin Henley, President and CEO. “This quarter reflects the full impact of our recently acquired properties, demonstrating the ...
Dividend Increase of 5.6%: Trustco Shareholders Benefit From Corporate Success As Company Announces Increased Payout
Globenewswire· 2025-08-19 20:00
GLENVILLE, N.Y., Aug. 19, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on August 19, 2025 declared an increased quarterly cash dividend of $0.38 per share, or $1.52 per share on an annualized basis. The declared dividend represents an increase of 5.6% over the prior dividend amount. The dividend will be payable on October 1, 2025 to shareholders of record at the close of business on September 5, 2025. Chairman, President, and Chief Executive Officer Robert ...