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UCLOUDLINK Group Inc. to Report Second Quarter 2025 Financial Results on August 13, 2025
Globenewswire· 2025-08-06 10:30
Core Viewpoint - UCLOUDLINK GROUP INC. will report its unaudited financial results for the second quarter ended June 30, 2025, on August 13, 2025, before U.S. markets open [1] Group 1: Earnings Call Details - The management will hold a conference call to discuss the financial results at 8:30 a.m. U.S. Eastern Time on the same day [2] - Listeners can access the call through various international and toll-free numbers, including a specific number for Mainland China and Hong Kong [2] Group 2: Company Overview - UCLOUDLINK is recognized as the world's first and leading mobile data traffic sharing marketplace, innovating the sharing economy model within the telecommunications sector [4] - The company's offerings provide significant value to mobile data users, handset manufacturers, mobile virtual network operators (MVNOs), and mobile network operators (MNOs) [4] - Utilizing its cloud SIM technology, UCLOUDLINK enhances the mobile data connectivity experience by enabling users to access shared mobile data traffic allowances from network operators, ensuring reliable connectivity, high speeds, and competitive pricing [4]
Smart Powerr Corp. Regains Compliance with Nasdaq Minimum Bid Price Requirement
Globenewswire· 2025-08-06 10:30
Core Viewpoint - Smart Powerr Corp. has regained compliance with Nasdaq's minimum bid price requirement, closing at or above $1.00 for 10 consecutive business days from July 18 to July 31, 2025 [1][2]. Company Overview - Smart Powerr Corp. is based in Xi'an, China, specializing in waste energy recycling and energy efficiency solutions for energy-intensive industries [3]. - The company employs a Build-Operate-Transfer (BOT) model to provide energy-saving and recovery facilities, focusing on nonferrous metal plants [3]. - Smart Powerr Corp. aims to expand into market areas where it currently does not operate, pursuing disciplined and targeted growth strategies [3].
Evoke Pharma Announces Issuance of New U.S. Patent for GIMOTI With Extended Exclusivity to Late 2038
Globenewswire· 2025-08-06 10:30
Extends market exclusivity for GIMOTI® to November 2038, nearly two additional years beyond original 2036 projectionSOLANA BEACH, Calif., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Evoke Pharma, Inc. (NASDAQ: EVOK), a specialty pharmaceutical company focused primarily on treatments for gastrointestinal (GI) diseases with an emphasis on GIMOTI® (metoclopramide) nasal spray, today announced the official issuance of a new U.S. patent related to its product GIMOTI®. The patent, U.S. Patent No. 12,377,064, covers the use ...
Magnera Reports Third Quarter Results – Provides Updated Outlook
Globenewswire· 2025-08-06 10:30
Third Quarter Highlights GAAP: Net sales of $839 million, Operating income of $13 millionNon-GAAP: Adjusted EBITDA of $91 millionConfirming post-merger adjusted free cash flow and Adjusted EBITDA range CHARLOTTE, N.C., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Magnera (NYSE: MAGN), a global leader in specialty materials for the consumer products and personal care markets, today reported financial results for its fiscal 2025 third quarter ended June 28, 2025. Curt Begle, Magnera’s CEO, commented: “Reflecting on the ...
Hut 8 Subsidiary American Bitcoin Announces Commencement of Gryphon Stockholder Voting on Go-Public Transaction
Globenewswire· 2025-08-06 10:30
Core Points - Gryphon stockholder voting has commenced for a special meeting scheduled on August 27, 2025, regarding a stock-for-stock merger with American Bitcoin Corp, a subsidiary of Hut 8 Corp [1][2][3] - The combined entity will operate under the American Bitcoin brand and is expected to trade on Nasdaq under the ticker symbol "ABTC" [2] - Gryphon stockholders who owned shares as of July 25, 2025, are eligible to vote on the proposed transaction [3] Company Overview - Hut 8 Corp is an energy infrastructure platform focused on integrating power, digital infrastructure, and compute for energy-intensive applications like Bitcoin mining and high-performance computing, managing 1,020 megawatts of energy capacity across 15 sites in the U.S. and Canada [7] - American Bitcoin, a majority-owned subsidiary of Hut 8, specializes in industrial-scale Bitcoin mining and strategic Bitcoin reserve development, leveraging Hut 8's mining operations and infrastructure [8] - Gryphon Digital Mining, Inc. is positioned as an innovative player in the Bitcoin mining sector [9]
Release of Marimekko's Half-year Financial Report, 1 January–30 June 2025
Globenewswire· 2025-08-06 10:30
Core Viewpoint - Marimekko Corporation will release its Half-year Financial Report for the period of January 1 to June 30, 2025, on August 14, 2025, at 8:00 a.m. EEST, with related materials available on its website [1][2] Company Overview - Marimekko is a Finnish lifestyle design company known for its original prints and colors, offering a product portfolio that includes high-quality clothing, bags, accessories, and home décor items [2] - Founded in 1951, Marimekko has established a strong identity through its unique printed fabrics [2] - In 2024, the company reported net sales of EUR 183 million and a comparable operating profit margin of 17.5 percent [2] - The company operates approximately 170 stores globally and serves customers in 39 countries through its online store [2] - Key markets for Marimekko include Northern Europe, the Asia-Pacific region, and North America [2] - The company employs around 480 people and is listed on Nasdaq Helsinki Ltd [2]
Fortrea Reports Second Quarter 2025 Results
Globenewswire· 2025-08-06 10:30
Core Insights - Fortrea reported a revenue of $710.3 million for Q2 2025, an increase from $662.4 million in Q2 2024, indicating a year-over-year growth of approximately 7.5% [4][21] - The company experienced a GAAP net loss of $(374.9) million in Q2 2025, which included a non-cash goodwill impairment charge of $309.1 million, compared to a net loss of $(99.3) million in Q2 2024 [5][21] - Adjusted net income for Q2 2025 was $17.6 million, with diluted earnings per share of $0.19, contrasting with an adjusted net loss of $(2.3) million and a diluted loss per share of $(0.03) in Q2 2024 [5][34] - The backlog as of June 30, 2025, was $7,547 million, with a book-to-bill ratio of 0.79x for the quarter [6][9] - The company raised its revenue guidance for the full year 2025 to a range of $2,600 million to $2,700 million, while affirming adjusted EBITDA guidance between $170 million and $200 million [11][9] Financial Performance - For the first half of 2025, Fortrea reported revenues of $1,361.6 million, up from $1,324.5 million in the first half of 2024 [7][21] - The GAAP net loss for the first half of 2025 was $(937.8) million, which included a non-cash goodwill impairment charge of $797.9 million, compared to a net loss of $(179.1) million in the first half of 2024 [8][21] - Adjusted EBITDA for Q2 2025 was $54.9 million, slightly down from $55.2 million in Q2 2024 [5][29] Leadership Transition - Anshul Thakral joined Fortrea as CEO on August 4, 2025, succeeding Interim CEO Peter M. Neupert, who remains chairman of the Board [2][3] - Thakral expressed confidence in the company's position to assist customers in navigating the development landscape and emphasized the value of the company's team and operational excellence [3][2] Operational Highlights - The company is on track with cost-saving initiatives, which are expected to enhance operational efficiency [9] - Fortrea's leadership is focused on creating value for customers, employees, and shareholders, as stated by CFO Jill McConnell [2][3]
Taboola Reports Strong Q2 2025 Financial Results, Surpassing High-End of Guidance; Increases Full-Year Guidance & Announces $200M Share Repurchase Expansion
Globenewswire· 2025-08-06 10:15
NEW YORK, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Taboola (Nasdaq: TBLA), a global leader in delivering performance at scale for advertisers, today announced its results for the second quarter ended June 30, 2025. "We delivered a strong second quarter, beating the high end of our guidance across our key metrics,” said Adam Singolda, CEO of Taboola. "We bought back nearly 12% of the company in the first half of the year which reflects our confidence in the business and our long-term vision. As a result, we’re rais ...
WeRide Launches 24/7 Robotaxi Testing in Beijing, Advances Towards Full-Day Service
Globenewswire· 2025-08-06 10:15
Core Viewpoint - WeRide has received approval for late-night testing of its Robotaxi in Beijing, marking a significant step towards establishing a 24/7 autonomous ride-hailing network in the city [1][6] Group 1: Testing and Technology - The approval allows testing from 10pm to 7am in the Beijing High-Level Autonomous Driving Demonstration Zone, which is crucial for developing all-weather, all-day autonomous mobility services [1][6] - WeRide's Robotaxi is equipped with over 20 sensors, including high-precision cameras and LiDARs, achieving 360-degree coverage with a detection range of up to 200 meters, ensuring stable perception and rapid decision-making in low-light conditions [3][4] - The company has conducted Robotaxi testing or operations in 10 cities across four countries, accumulating over 2,200 days of safe open-road experience [5] Group 2: Challenges and Solutions - Night-time road conditions in Beijing present challenges such as low lighting and environmental interference, which require advanced perception and decision-making capabilities [2] - WeRide addresses visibility issues with a proprietary multi-sensor fusion algorithm and a high-performance computing platform, ensuring effective sensor fusion under adverse conditions [3] - The company employs automotive-grade sensors and a smart sensor cleaning system to maintain reliable perception in extreme weather conditions [4] Group 3: Future Outlook - The launch of 24/7 Robotaxi testing in Beijing validates WeRide's technology and safety systems, enhancing public transportation availability during off-peak hours [6] - WeRide aims to leverage its full-stack autonomous driving technology to expand its ride-hailing services and contribute to smarter, more sustainable urban transportation [7] - The company is recognized as a leader in the autonomous driving industry, being the first publicly traded Robotaxi company and having received permits in six markets [9]
Enlight Renewable Energy Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-06 10:05
Core Insights - Enlight Renewable Energy reported strong financial results for Q2 2025, with significant year-over-year growth in revenues and adjusted EBITDA, although net income saw a decline due to foreign exchange impacts and increased expenses [3][6][25]. Financial Performance - For Q2 2025, total revenues and income reached $135 million, a 53% increase from $88 million in Q2 2024 [23]. - For the first half of 2025, total revenues and income were $265 million, up 46% from $182 million in the same period last year [6][23]. - Net income for Q2 2025 was $6 million, down 41% from $9 million in Q2 2024, primarily due to foreign exchange losses and increased financial expenses [25]. - Adjusted EBITDA for Q2 2025 was $96 million, a 57% increase from $61 million in Q2 2024 [26]. Guidance and Future Outlook - The company raised its full-year 2025 revenue guidance to a range of $520-535 million, up from the previous range of $490-510 million, reflecting a 5.5% increase at the midpoint [7][21]. - Adjusted EBITDA guidance for 2025 was also increased to $385-400 million, up 6% at the midpoint from the previous range of $360-380 million [7][21]. Portfolio and Project Development - Enlight's total portfolio now includes 20.0 GW of generation capacity and 53.4 GWh of energy storage, a 17% increase from the end of 2024 [10]. - The company is advancing towards the construction of additional projects, with expectations of reaching an annual revenue run rate of $1.9-2.2 billion by 2028 [8][15]. - New operational projects contributed significantly to revenue growth, with 525 MW and 1,604 MWh of new projects connected to the grid [24]. Market Environment - The recent reconciliation bill is seen as favorable for utility-scale solar and storage segments, providing growth opportunities for companies like Enlight [5]. - The demand for renewable energy generation and energy storage continues to grow in Europe and MENA markets [5].