JOYY Reports First Quarter 2025 Unaudited Financial Results
Globenewswire· 2025-05-26 23:00
Financial Highlights - The company reported net revenues of $494.4 million for Q1 2025, a decrease from $564.6 million in Q1 2024 [5] - Non-livestreaming revenues reached $123.0 million, marking a year-over-year increase of 25.3% and accounting for 24.9% of total net revenues for the first time [4][8] - Live streaming revenues were $371.3 million, down from $466.4 million in the same period last year, attributed to a decline in paying users and ARPPU [6][5] - GAAP operating profit was $12.2 million, a 244.5% increase year-over-year, while non-GAAP operating profit was $31.0 million, up 24.9% [12][13] - The company distributed approximately $49.1 million in dividends and repurchased $22.5 million worth of shares from January 1, 2025, to May 23, 2025 [4] Operational Highlights - The global average mobile MAUs decreased to 260.4 million from 277.3 million year-over-year, primarily due to optimized sales and marketing strategies [7] - The average mobile MAUs for Bigo Live, Likee, and Hago were 28.9 million, 30.2 million, and 3.3 million, respectively, all showing declines compared to the previous year [7] - The total number of paying users for BIGO was 1.45 million, down from 1.67 million in the same period last year [7] Cost and Profitability - Cost of revenues decreased by 14.5% to $315.7 million, leading to a gross profit of $178.6 million, with a gross margin of 36.1% [9][10] - Operating expenses were reduced to $167.2 million, down from $195.4 million in Q1 2024, with significant decreases in sales and marketing expenses [11] - Non-GAAP net income from continuing operations was $63.2 million, compared to $67.2 million in Q1 2024, with a non-GAAP net income margin of 12.8% [15] Balance Sheet and Cash Flow - As of March 31, 2025, the company had net cash of $3,385.9 million, an increase from $3,275.9 million at the end of 2024 [17] - Net cash from operating activities for Q1 2025 was $58.0 million [17] Business Outlook - For Q2 2025, the company expects net revenues to be between $499 million and $519 million, reflecting current market conditions and operational strategies [20] Shareholder Returns - The company has authorized a quarterly dividend program, with a total of approximately $600 million to be distributed over three years, declaring a dividend of $0.94 per ADS for Q2 2025 [22]
Iceland Seafood International hf: Q1 2025 results and investors presentation
Globenewswire· 2025-05-26 22:30
Core Points - Iceland Seafood will publish its Interim Financial Statement for Q1 2025 after the market closes on May 27th, 2025 [1] - The company will pause hosting investor meetings for Q1 and Q3 until further notice, but will hold meetings for Q2 and Q4 to discuss half-year and full-year results [2]
Matador Technologies Inc. Announces Closing of First Tranche of Non-Brokered Private Placement to Support Bitcoin Acquisition
Globenewswire· 2025-05-26 21:14
Core Viewpoint - Matador Technologies Inc. has successfully closed the first tranche of a non-brokered private placement, raising C$1,575,099 by issuing 2,863,818 units at a price of $0.55 per unit [1] Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.75 for twelve months [2] - The warrants include an acceleration clause, allowing the company to shorten the expiry date if the share price exceeds $1.05 for five consecutive trading days [3] - The securities issued are subject to a statutory hold period expiring on September 27, 2025, and the company paid finders fees of $10,670 along with issuing 13,600 broker warrants [4] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated approximately one-third each to the purchase of Bitcoin, advancing gold acquisition initiatives, and general corporate purposes [5] Group 3: Insider Participation - Insiders subscribed for 418,182 units in the first tranche, which is classified as a related party transaction, and the company has relied on exemptions from formal valuation and minority shareholder approval requirements [6] Group 4: Company Overview - Matador Technologies Inc. is a Bitcoin-focused technology company that holds Bitcoin as its primary treasury asset and develops products to enhance the Bitcoin network [7] - The company's flagship offering, the Digital Gold Platform, allows users to buy, sell, and trade 1-gram gold units inscribed as Bitcoin Ordinals, integrating traditional value with decentralized technology [8]
Skyharbour’s Partner Company Mustang Energy Commences Field Program at 914W Uranium Project Located in the Athabasca Basin, Saskatchewan
Globenewswire· 2025-05-26 21:00
Core Viewpoint - Skyharbour Resources Ltd. announces that its partner Mustang Energy Corp. has initiated the 2025 field exploration program at the 914W Uranium Project, with plans for significant investment and exploration activities [1][3]. Company Overview - Skyharbour Resources Ltd. holds a diverse portfolio of uranium exploration projects in Canada's Athabasca Basin, covering over 614,000 hectares [7][9]. - The company has a strategic partnership with Denison Mines and is advancing multiple projects, including the Moore Uranium Project and the Russell Lake Uranium Project [7][8]. Project Details - The 914W Project consists of one claim covering 1,260 hectares, located approximately 48 km southwest of Cameco's Key Lake Operation, with excellent access via Highway 914 [4][5]. - Mustang Energy can acquire a 75% interest in the 914W Project by issuing shares valued at CAD $480,000, making cash payments of $275,000, and incurring $800,000 in exploration expenditures over three years [1][3]. Exploration Program - The field program will include surface prospecting, detailed rock and soil sampling to identify mineralization zones, and will inform future exploration phases such as geophysical surveys and drilling [3][4]. - Historical exploration has shown promising geological features, with previous findings of up to 1,288 ppm U and surface samples revealing up to 0.64% U3O8 [5]. Strategic Partnerships - Skyharbour has multiple joint ventures with industry leaders, including Orano Canada Inc. and Azincourt Energy, and has secured over $36 million in partner-funded exploration expenditures [9][10]. - The company aims to maximize shareholder value through new mineral discoveries and long-term partnerships in favorable jurisdictions [10].
Rule 8 Announcement to Shareholders
Globenewswire· 2025-05-26 21:00
Group 1 - Dundee Precious Metals Inc. (DPM) is directing shareholders' attention to UK disclosure requirements related to its possible offer for Adriatic Metals plc announced on May 20, 2025 [1] - The relevant disclosure requirements are outlined in Rule 8 of the UK City Code on Takeovers and Mergers, specifically Rule 8.3, which mandates disclosures for those with 1% or more interest in relevant securities during the offer period [2] - DPM's common shares are classified as relevant securities for the purposes of this offer period [2] Group 2 - Dundee Precious Metals is a Canadian-based international gold mining company with operations in Bulgaria, Serbia, and Ecuador [4] - The company's strategic objective is to become a mid-tier precious metals company focused on sustainable and efficient gold production, developing quality assets, and maintaining a strong financial position [4] - This strategy aims to create a platform for robust growth and deliver above-average returns for shareholders [4]
Hesai Group Reports First Quarter 2025 Unaudited Financial Results
GlobeNewswire News Room· 2025-05-26 21:00
Core Insights - Hesai Group reported strong financial results for Q1 2025, with net revenues of RMB525.3 million (US$72.4 million), a 46.3% increase year-over-year [17][31] - The company shipped 195,818 lidar units in Q1 2025, representing a 231.3% increase from the same period in 2024 [16][15] - Hesai was ranked as the world's No.1 automotive lidar company by revenue market share for the fourth consecutive year in 2024 [3] Financial Performance - Net revenues for Q1 2025 were RMB525.3 million, up from RMB359.1 million in Q1 2024, driven by increased sales of ADAS lidar products [17][31] - Gross margin improved to 41.7% in Q1 2025 from 38.8% in Q1 2024, attributed to effective cost and scale optimization [17][31] - The net loss narrowed significantly by 83.6% year-over-year to RMB17.5 million (US$2.4 million) [22][31] Operational Highlights - ADAS lidar shipments reached 146,087 units in Q1 2025, a 178.5% increase from 52,462 units in Q1 2024 [16][15] - The company secured new design wins with 23 OEMs globally across over 120 vehicle models, including partnerships with Chery, Great Wall Motor, Zeekr, and Geely [5][15] - Hesai is the main lidar supplier for next-generation Robotaxi fleets from Baidu Apollo Go, DiDi, Pony.ai, and WeRide [14][15] Product Development - New products include the AT1440 lidar, which delivers ultra-high-definition point clouds, and the FTX solid-state lidar for blind spot detection [14] - The company announced the successful resolution of all IP-related litigation against it, reinforcing its commitment to innovation and R&D [8][10] Business Outlook - For Q2 2025, Hesai expects net revenues to be between RMB680 million (US$93.7 million) and RMB720 million (US$99.2 million), indicating a year-over-year increase of approximately 48% to 57% [19]
Premier Health Announces CFO Transition
Globenewswire· 2025-05-26 20:52
Group 1 - Premier Health of America Inc. announces the appointment of Frédéric St-Cyr as Interim Chief Financial Officer effective immediately [1] - Frédéric St-Cyr has a strong background in finance and accounting, including experience in IFRS reporting, financing, and risk management [2] - The transition follows Guy Daoust's agreement to take on the CEO position on an interim basis, prompting the search for an interim CFO [3] Group 2 - Premier Health is a leading Canadian Healthtech company providing outsourced services solutions for healthcare needs to various sectors [4] - The company utilizes its proprietary LiPHe platform to drive digital transformation in healthcare services, aiming to enhance accessibility and affordability of care [4]
Book Palace Studio’s New Yoga And Pilates Studio For Personal Training In Central Hong Kong Via App
Globenewswire· 2025-05-26 20:49
Core Insights - Palace Studios has launched its newest location, Palace Six, specifically designed for yoga instructors and pilates practitioners, marking a significant milestone in the company's expansion across Hong Kong [1][4][10] Company Overview - Palace Studios is a private fitness studio network in Hong Kong that offers independent fitness professionals access to premium training spaces without the distractions of traditional gyms [11] - The company is known for its architect-designed studios, digital booking platform, and curated membership, aiming to redefine personal training, yoga, pilates, and physiotherapy in Central Hong Kong [11] New Location Features - Palace Six is located on Wyndham Street, near Lan Kwai Fong and Central, providing a private, design-forward space for independent yoga teachers and fitness professionals [2][10] - The studio features a minimalist design with floor-to-ceiling windows, high ceilings, and acoustic treatments to create a serene environment [5] - It includes dedicated facilities such as a physiotherapy bed and a BTL-4000 system for physical rehabilitation and recovery [6] Business Model and Flexibility - The studio allows instructors to book rooms on demand via a mobile app, providing flexibility to run their business without the overhead of traditional studios [6][7] - The app-centric approach simplifies studio management, enabling instructors to focus on delivering personalized experiences to clients [7][9] Market Positioning - Palace Six addresses the historical lack of premium private spaces for yoga personal trainers, offering flexible hourly bookings and no long-term commitments [9] - The location's proximity to luxury residences, five-star hotels, and top restaurants enhances its appeal to high-profile clients and yoga teachers [10]
Caisse Française de Financement Local EMTN 2025-9
Globenewswire· 2025-05-26 20:18
Group 1 - Caisse Française de Financement Local plans to issue €10,000,000 Callable Fixed Rate Obligations Foncières due on 28 May 2055 [1] - The issuance date is set for 28 May 2025 [1] - The Base Prospectus for the €75,000,000,000 Euro Medium Term Note Programme was dated 8 July 2024 [2] Group 2 - The Base Prospectus and its supplements are available on the Issuer's website and at their registered office in Paris [2] - Final Terms related to the issue will be accessible on the websites of the AMF and the Luxembourg Stock Exchange [3]
Alvotech Annual General Meeting to be held June 25, 2025
Globenewswire· 2025-05-26 18:06
Group 1 - The Annual General Meeting (AGM) of Alvotech is scheduled for June 25, 2025, at 09:00 a.m. CEST [1] - The meeting will take place at the premises of Arendt & Medernach in Luxembourg [1] - Additional information and meeting materials are available on the Alvotech website [1]