Enthusiast Gaming Provides Update Regarding Annual General and Special Meeting of Shareholders
Globenewswire· 2025-10-22 11:00
Core Points - Enthusiast Gaming Holdings Inc. is providing an update regarding the impact of the ongoing Canadian Union of Postal Workers strike on the delivery of proxy-related materials for its upcoming annual general and special meeting of shareholders [1][3] - The meeting is scheduled to be held virtually on October 28, 2025, at 1:00 p.m. Toronto Time [2] - The company completed mailing proxy-related materials on October 15, 2025, but delivery prior to the meeting is not guaranteed due to the postal strike [3] - Shareholders are encouraged to access electronic copies of the meeting materials available on SEDAR+ or request them directly from the company [5] Meeting Details - The meeting will cover several key matters including the approval of consolidated financial statements for the year ended December 31, 2024, the election of directors, and the appointment of auditors for the ensuing year [6] - A resolution will also be considered regarding the issuance of common shares upon the exercise of warrants held by Beedie Investments Ltd. [6] Proxy Submission - To accommodate potential mailing delays, the company will accept properly executed proxies submitted after the original deadline, as long as they are received by 5:00 p.m. on October 27, 2025 [4] - Shareholders who have not received their materials by mail are advised to contact their intermediaries or access electronic versions [5]
Winnebago Industries Reports Fourth Quarter and Full Year Fiscal 2025 Results
Globenewswire· 2025-10-22 11:00
Core Insights - Winnebago Industries reported solid financial results for Q4 and full year Fiscal 2025, driven by a favorable product mix and targeted price increases, despite facing challenges in the operating environment [2][4][6] - The company achieved a net revenue of $777.3 million in Q4, marking a 7.8% increase from $720.9 million in Q4 Fiscal 2024 [6][11] - For the full year, net revenues totaled $2.8 billion, a decrease of 5.9% compared to $3.0 billion in Fiscal 2024, primarily due to a reduction in average selling price per unit [13][15] Financial Performance - Q4 gross profit was $99.2 million, with a gross margin of 12.8%, a slight decrease from 13.1% in Q4 Fiscal 2024 [7][8] - Net income for Q4 was $13.7 million, or $0.49 per diluted share, compared to a net loss of $29.1 million in the same quarter last year [11][12] - Adjusted EBITDA for Q4 increased by 33.1% year-over-year to $38.2 million [12] Operational Efficiency - Operating expenses decreased by 29.5% to $79.1 million in Q4, primarily due to prior year goodwill impairment and cost reduction initiatives [9][10] - The company reported a net cash flow from operations of $181.4 million in Q4, reflecting improved operational efficiency [26] Market Position and Share Expansion - Winnebago's brands, including Barletta and Grand Design RV, expanded their market share in key segments, particularly in the U.S. aluminum pontoon and motorhome markets [4][5] - The company showcased new products at the RV Open House, receiving positive feedback from dealers and customers [5] Balance Sheet Strength - Cash and cash equivalents at the end of Q4 totaled $174.0 million, a significant increase from $10.5 million at the end of Q3 [26] - The net leverage ratio improved to 3.1x at the end of Q4, down from 4.8x at the end of Q3 [26] Future Outlook - For Fiscal 2026, Winnebago anticipates consolidated net revenues in the range of $2.75 billion to $2.95 billion, with North American RV wholesale shipments expected between 315,000 to 345,000 units [28][32] - The company aims to strengthen margins and enhance operational efficiency while navigating the current competitive landscape [33]
Mobix Labs Wins Multi-Year U.S. Navy Follow-On Contract as Company Accelerates Growth in Defense and High-Tech Markets
Globenewswire· 2025-10-22 11:00
Core Insights - Mobix Labs has secured a multi-year follow-on production contract with a prime U.S. Navy contractor, enhancing its position in the defense sector [1][2][3] - The contract involves supplying advanced communication hardware for U.S. Navy ships, ensuring secure network operations under challenging conditions [2][3] - The company is experiencing growing momentum in the defense sector, driven by increased demand for secure, high-bandwidth connectivity amid naval modernization efforts [3] Group 1: Contract Details - The new contract allows Mobix Labs to expand production of its proven technology, reinforcing its role in next-generation connectivity for Navy defense programs [2][3] - Financial terms of the contract were not disclosed, aligning with standard government contracting practices [3] Group 2: Strategic Growth and Acquisitions - Mobix Labs is entering 2026 with significant momentum, focusing on growing its product base and pursuing strategic acquisitions [4] - The company aims to establish itself as a diversified leader in advanced communications through a clear growth strategy [4]
Stifel Reports Third Quarter 2025 Results
Globenewswire· 2025-10-22 11:00
Core Insights - Stifel Financial Corp. reported record net revenues of $1.4 billion for Q3 2025, a 16.7% increase from $1.2 billion in Q3 2024, with net income available to common shareholders rising to $202.1 million or $1.84 per diluted share, compared to $149.2 million or $1.34 per diluted share in the same quarter last year [1][5][39] Financial Performance - The company achieved non-GAAP net income of $214.4 million, or $1.95 per diluted share for Q3 2025, up from $166.3 million or $1.50 per diluted share in Q3 2024 [5][41] - Total client assets reached a record $544.0 billion, reflecting a 10% increase year-over-year [5][14] - The pre-tax margin improved to 21.2% for Q3 2025, compared to 19.2% in Q3 2024 [4][41] Revenue Breakdown - Investment banking revenues increased by 34% year-over-year, with capital raising revenues up 36% and advisory revenues up 31% [5][25] - Global Wealth Management reported net revenues of $907.4 million, a 9.7% increase from $827.1 million in Q3 2024, with pre-tax net income rising to $342.7 million from $301.7 million [8][39] - Institutional Group net revenues were $500.4 million, a 34% increase from $372.4 million in Q3 2024, with pre-tax net income increasing to $89.3 million from $41.8 million [17][39] Operational Highlights - The company recruited 33 financial advisors during the quarter, contributing to a trailing 12-month production of $18.9 million [5][14] - Compensation expense as a percentage of net revenues remained stable at 58.8% for Q3 2025, compared to 58.6% in Q3 2024 [4][43] - The company repurchased $31.2 million of its common stock during the quarter, with a quarterly dividend of $0.46 declared [33][39] Market Position - Stifel's Chairman and CEO expressed optimism about future opportunities, citing record investment banking pipelines and client assets [2][5] - The company maintains a strong capital position with a Tier 1 common capital ratio of 14.8% [28][39]
OTC Markets Group Welcomes Aviva PLC to OTCQX
Globenewswire· 2025-10-22 11:00
Core Insights - Aviva PLC has qualified to trade on the OTCQX Best Market, upgrading from the Pink Limited Market, which enhances its visibility and accessibility for U.S. investors [1][3][4] Company Overview - Aviva PLC is the UK's leading diversified insurer, holding market-leading positions in the UK, Ireland, and Canada, serving over 25 million customers [4] - In 2024, Aviva paid £29.3 billion in claims and benefits to its customers [4] - As of June 30, 2025, Aviva Group's total assets under management were £419 billion, with an estimated Solvency II shareholder capital surplus of £8.1 billion [4] Market Context - The upgrade to the OTCQX Market signifies a commitment to transparent trading for U.S. investors, allowing companies listed on qualified international exchanges to utilize their home market reporting [3] - OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities, providing critical market infrastructure for broker-dealers [5]
Dorman’s Complex Electronic Solutions Portfolio Expands With OE FIX® EPS Rack for Ram Trucks
Globenewswire· 2025-10-22 11:00
Core Insights - Dorman Products, Inc. has launched the aftermarket's first all-new electronic power steering (EPS) rack designed for over two million Ram pickup trucks, marking a significant innovation in the automotive aftermarket sector [1][2]. Product Development - The EPS rack is the result of a multi-year effort involving a cross-functional team, showcasing Dorman's commitment to innovation and providing first-to-market repair solutions [1][2]. - The original EPS racks in many 2013-2024 Ram models often fail due to moisture and debris intrusion, leading to limited repair options that typically involve high-cost original equipment or salvage parts [2]. Quality and Performance - Dorman's EPS rack is designated as an OE FIX part, featuring design improvements that enhance performance compared to salvage, remanufactured, and original parts [3]. - The new EPS rack meets Federal Motor Vehicle Safety Standards and includes significant upgrades such as redesigned electronics for better surge protection and reduced heat interference [4]. Installation and Usability - The installation process is designed to be seamless, requiring no dealer programming, and utilizes proprietary software that mimics original equipment functionality, making it accessible for many independent repair shops [4]. Company Background - Dorman has over 100 years of experience in providing aftermarket replacement products, focusing on solutions that save time and money while increasing reliability [7][8].
Curanex Pharmaceuticals Inc. Engages Strategic Investor Relations to Enhance Investor Communications and Engagement
Globenewswire· 2025-10-22 11:00
Core Insights - Curanex Pharmaceuticals Inc. has engaged Strategic Investor Relations, LLC to enhance its visibility and investor engagement in the financial community [1][2] - The company is focused on developing botanical drugs for inflammatory diseases, with a robust pipeline targeting conditions such as Ulcerative Colitis, Atopic Dermatitis, and Gouty Arthritis [3][6] - Curanex's lead candidate, Phyto-N, is a botanical extract with a long history of use in China and is set for IND submission in 2026 [3][6] Company Overview - Curanex Pharmaceuticals is a developmental-stage pharmaceutical company headquartered in Jericho, New York, dedicated to discovering and developing botanical drugs for inflammatory diseases [6] - The company has validated Phyto-N's effects in animal models for six inflammatory diseases, with a primary focus on moderate to severe ulcerative colitis [7] Strategic Initiatives - The partnership with Strategic Investor Relations aims to refine communication strategies and enhance transparency with stakeholders [2][5] - Curanex's founders have a strong foundation in botanical drug innovation, leveraging over 30 years of clinical evidence from China to inform their development processes [4] Market Positioning - Curanex is positioned in the rapidly expanding botanical drug market, focusing on high-efficacy botanical drugs with de-risked clinical pathways [2][5] - The company aims to communicate its innovative pipeline and market opportunities more effectively to drive shareholder value [5]
Fidelity D & D Bancorp, Inc. Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-10-22 11:00
Core Insights - Fidelity D & D Bancorp, Inc. reported strong financial results for the third quarter and year-to-date periods, with net income increasing significantly compared to the previous year [4][2][3]. Financial Performance - For the quarter ended September 30, 2025, net income was $7.3 million, or $1.27 per diluted share, a 48% increase from $5.0 million, or $0.86 per diluted share, in the same quarter of 2024 [2][4]. - Year-to-date net income for the nine months ended September 30, 2025, was $20.3 million, or $3.50 per diluted share, compared to $15.0 million, or $2.59 per diluted share, for the same period in 2024, marking a 35% increase [3][4]. Revenue Growth - The increase in net income for the third quarter was primarily driven by a $3.0 million increase in net interest income and a $0.5 million decrease in provision for credit losses [2][4]. - For the nine months ended September 30, 2025, net interest income rose by $7.9 million, attributed to a $9.8 million increase in interest income [3][11]. Interest Income and Expenses - Net interest income for the third quarter of 2025 was $18.4 million, a 19% increase from $15.4 million in the same quarter of 2024 [5][11]. - The overall cost of interest-bearing liabilities decreased to 2.55% for the third quarter of 2025, down from 2.70% in the same quarter of 2024 [6][12]. Asset Quality - Total non-performing assets decreased to $3.0 million, or 0.11% of total assets, as of September 30, 2025, compared to $7.8 million, or 0.30% of total assets, at December 31, 2024 [21]. - The provision for credit losses on loans was $200 thousand for the third quarter of 2025, down from $675 thousand in the same quarter of 2024, reflecting improved asset quality [7][13]. Balance Sheet Highlights - Total assets increased to $2.7 billion as of September 30, 2025, up by $152.1 million from December 31, 2024, driven by growth in loans and leases [18][20]. - Shareholders' equity rose to $229.3 million, a 12% increase from $204.0 million at December 31, 2024, supported by retained earnings from net income [20][18]. Non-Interest Income and Expenses - Total non-interest income for the third quarter of 2025 was $5.1 million, a slight increase of 3% from $5.0 million in the same quarter of 2024 [8][14]. - Non-interest expenses increased by $0.8 million, or 6%, to $14.6 million for the third quarter of 2025, primarily due to higher salaries and benefits [9][15].
Tonix Pharmaceuticals Announces First Patient Dosed in the Investigator-Initiated FOCUS Study of Tonix’s Intranasal Potentiated Oxytocin in AVP-D Conducted by Massachusetts General Hospital
Globenewswire· 2025-10-22 11:00
Core Insights - Tonix Pharmaceuticals is conducting a pilot study named FOCUS to evaluate its investigational intranasal potentiated oxytocin products in patients with Arginine-Vasopressin Deficiency (AVP-D), a rare endocrine disorder linked to oxytocin deficiency and mental health issues [1][2] Group 1: Study Overview - The FOCUS study is a randomized, double-blind, placebo-controlled crossover trial aimed at generating preliminary data for future clinical studies on oxytocin replacement therapy in AVP-D [1][2] - The study will assess the effects of two different doses of investigational intranasal oxytocin products (6 IU, TNX-2900 and 24 IU, TNX-1900) on anxiety, depression, and socioemotional functioning in patients with AVP-D [2] Group 2: Product Information - TNX-1900 and TNX-2900 are based on Tonix's patented intranasal magnesium-potentiated oxytocin formulations, designed to enhance oxytocin receptor binding and its effects on trigeminal neurons [3] - TNX-1900 is being developed for chronic migraine prevention, while TNX-2900 targets Prader-Willi syndrome in children and adolescents [3] Group 3: Company Background - Tonix Pharmaceuticals is a fully integrated biotechnology company with a focus on central nervous system disorders, immunology, and rare diseases, among other areas [10] - The company has received FDA approval for Tonmya™, a non-opioid analgesic for fibromyalgia, marking the first new prescription medicine approval for this condition in over 15 years [10]
Steve Madden Announces Third Quarter 2025 Earnings Release Date
Globenewswire· 2025-10-22 10:59
Core Viewpoint - Steven Madden, Ltd. is set to release its third quarter 2025 earnings results on November 5, 2025, with a management conference call scheduled for 8:30 a.m. Eastern Time [1]. Company Overview - Steven Madden, Ltd. designs, sources, and markets fashion-forward footwear, accessories, and apparel under various brands including Steve Madden, Kurt Geiger London, and Dolce Vita [4]. - The company also licenses products for the Anne Klein brand and operates under private label brand names for various retailers [4]. - Its distribution network includes department stores, mass merchants, online retailers, and specialty retailers, alongside direct operations of retail stores and e-commerce websites [4].