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CORRECTION -- LiveRamp Announces Fourth Quarter and Fiscal Year 2025 Results
GlobeNewswire· 2025-05-21 22:43
SAN FRANCISCO, May 21, 2025 (GLOBE NEWSWIRE) -- In a release issued earlier today under the same headline by LiveRamp (NYSE: RAMP), please note the GAAP operating income and Non-GAAP operating income for the first quarter of fiscal 2026 and fiscal 2026 were stated incorrectly. The corrected release follows: Q4 Revenue up 10% year-over-year FY25 Operating Cash Flow increases 46% year-over-year FY25 Share Repurchases totaled $101 million LiveRamp® (NYSE: RAMP), a leading data collaboration platform, today ann ...
Solar Alliance announces major stride towards profitability and files audited financial results
GlobeNewswire· 2025-05-21 22:21
TORONTO and KNOXVILLE, Tenn., May 21, 2025 (GLOBE NEWSWIRE) -- Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR, OTC: SAENF), a leading solar energy solutions provider focused on the commercial and utility solar sectors, has filed its audited financial results for the quarter and year ended December 31, 2024 (the “Financial Statements”) and related Management’s Discussion and Analysis (“MD&A”). The Financial Statements and related MD&A are available under the Company’s profile.at ...
Oroco Resource Corp. Announces Live Shareholder Townhall
GlobeNewswire· 2025-05-21 22:17
Company Overview - Oroco Resource Corp. holds an 85.5% interest in the Core Concessions of the Santo Tomás Copper Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares, totaling 9,034 hectares (22,324 acres) [4] - The Santo Tomás Project is located in northwestern Mexico, near significant infrastructure including a deep-water port and highways [6] Project Development - The company is hosting a virtual Townhall on May 28, 2025, to update stakeholders on the Santo Tomás Copper Project, including permitting progress and community engagement [2][3] - The project has undergone extensive exploration, with over 100 drill holes totaling approximately 30,000 meters conducted from 1968 to 1994, and a recent drill program in 2021 totaling 48,481 meters in 76 diamond drill holes [4][5] Strategic Vision - The Townhall will provide an interactive platform for stakeholders to engage with management, reflecting the company's commitment to transparency and stakeholder engagement [3][8] - The company aims to share insights into its current initiatives and long-term value strategy during the Townhall [8]
Prospera Energy Announces Financing & Operations Update and Q1 2025 Financials
GlobeNewswire· 2025-05-21 22:13
Financing Update - Prospera Energy has secured commitments for $3 million, primarily from company insiders, through a convertible debenture and existing financing instruments [1] - The funding is designated for a recently initiated capital program and will be released in multiple tranches, reflecting strong internal alignment and confidence in the strategic business plan [1] - This capital injection is expected to accelerate operational plans and support production growth throughout the summer [1] Operational Update - Service rig activity has commenced at Cuthbert, focusing on five well workovers, including a high-impact horizontal well remediation, and multiple water injector cleanouts [2] - At Luseland, a five-well reactivation program is planned, with equipment ordered and preparations underway for building five single well batteries [2] Polymer Flood Pilot Site - The polymer flood pilot site has been finalized following reservoir analysis and compatibility assessments, with lab and core analysis currently in progress [3] - This initiative is being advanced in collaboration with leading polymer partners [3] Q1 2025 Financials - In Q1 2025, Prospera deployed $2.3 million towards reactivation-focused capital for twenty-seven wells, resulting in an additional production capability of 249 boe/d at an average capital efficiency of $9,317/boe [5] - The full benefits of the Q1 capital program are expected to be realized in Q2 2025 [5] - Prospera reported average net sales of 660 boe/d in Q1 2025, a 3% increase from Q1 2024 and a 6% increase from Q4 2024 [16] - Sales revenue for Q1 2025 was $4,598,472, representing a 17% increase from $3,932,190 in Q1 2024 [16] - Operating costs per boe increased by 54% in Q1 2025 to $59.46, attributed to unplanned outages and infrastructure upgrades [16] Strategic Initiatives - Prospera secured an additional $3.3 million in term debt funding to enhance liquidity and support ongoing development programs [6] - The company entered into an agreement to acquire 100% of White Tundra Petroleum, with consideration including 18 million common shares contingent on production milestones [7][8] - A settlement agreement was reached regarding $1.5 million in convertible debt, involving refinancing and issuance of common shares [9][15] - A workforce optimization initiative was completed, streamlining decision-making and reducing operational costs [10]
NowVertical Group Reports First Quarter 2025 Financial Results
GlobeNewswire· 2025-05-21 21:30
Core Viewpoint - NowVertical Group Inc. continues to show strong financial performance and operational improvement, achieving significant growth and stability in its business model [3][5][6]. Financial Highlights - Q1 2025 revenue reached $10.4 million, reflecting a 23% year-over-year growth when excluding recent divestitures [5][6]. - Adjusted EBITDA for Q1 2025 was $2.5 million, representing a 119% increase year-over-year when excluding the Allegient business [5][6]. - Income from Operations was $1.5 million in Q1 2025, a 1,253% increase year-over-year when excluding the Allegient business [5][6]. - Administrative Expenses decreased by 38% year-over-year to $3.6 million in Q1 2025 [6]. Business Developments - The company successfully renegotiated acquisition-related liabilities, resulting in an estimated $5.4 million in cash savings [3]. - NowVertical was recognized as Qlik Latin America Channel Growth Partner of the Year 2024, highlighting its ability to scale customer impact [7]. - The UK operations were designated as a Google Cloud Premier Partner, the highest recognition within the Google Cloud Partner Advantage program [7]. - The launch of the Data Catalyst Solution on the Microsoft Azure Marketplace reinforces the company's strategic positioning in enterprise AI and data infrastructure [7]. Upcoming Events - An investor webinar is scheduled for May 22, 2025, at 10:00 AM EST to discuss Q1 2025 results and engage with stakeholders [1][8][9].
Senseonics Holdings, Inc. Announces Closing of Public Offering, Including Exercise in Full of the Underwriters' Option to Purchase Additional Shares, and Closing of Private Placement
GlobeNewswire News Room· 2025-05-21 21:06
Core Viewpoint - Senseonics Holdings, Inc. has successfully closed a public offering of 115 million shares at a price of $0.50 per share, raising gross proceeds of $57.5 million before expenses [1][2]. Group 1: Public Offering Details - The public offering included the full exercise of an option by underwriters to purchase an additional 15 million shares [1]. - The offering was conducted under a "shelf" registration statement that became effective on September 12, 2023 [5]. - The offering was managed by TD Cowen and Barclays as joint book-running managers, with RBC Capital Markets and Lake Street as bookrunners [4]. Group 2: Private Placement with Abbott Laboratories - In conjunction with the public offering, Senseonics entered into a stock purchase agreement with Abbott Laboratories, issuing shares representing 4.99% of its outstanding common stock [3]. - Abbott acquired 40,539,265 shares for approximately $20.3 million before offering expenses [3]. Group 3: Use of Proceeds - The net proceeds from both the public offering and private placement will be used to fund the launch of Eversense 365, ongoing product development, working capital, and general corporate purposes [4][9]. Group 4: Company Overview - Senseonics is focused on developing long-term implantable continuous glucose monitoring systems aimed at improving the lives of individuals with diabetes [7]. - The company's Eversense® CGM systems feature a small sensor that is implanted under the skin and communicates with a smart transmitter, sending glucose data to a mobile app every 5 minutes [7].
SCHMID Group Update on Order Situation and Market Development in 2025
GlobeNewswire· 2025-05-21 21:05
Core Insights - The SCHMID Group is experiencing a turnaround after a challenging year in 2024, with incoming orders now within the expected range, indicating a positive market trend that began at the end of 2024 [1][10]. Market Development - A significant driver of the company's recovery is the dynamic growth in the AI server segment, with increasing market interest and demand leading to a surge in volume, expected to continue into 2026 [2]. - The company is strategically realigning to stabilize its situation and capitalize on technological advancements, particularly in artificial intelligence [3]. Strategic Initiatives - SCHMID is evaluating several strategic and financial partnership opportunities to strengthen its market position and expand growth through targeted collaborations, in response to ongoing global challenges from the trade conflict [3]. - The company aims to ensure long-term competitiveness and sustainable growth, with timely decisions on cooperation initiatives to seize current opportunities [4]. Company Overview - The SCHMID Group is a global leader in high-tech industry solutions, focusing on electronics, photovoltaics, glass, and energy systems, with over 800 employees and multiple technology centers and production facilities worldwide [5].
Premier Health Reports 2025 Second Quarter Results
GlobeNewswire· 2025-05-21 21:00
Core Viewpoint - Premier Health of America Inc. reported a significant decline in revenues and increased net loss for the second quarter ended March 31, 2025, primarily due to the impact of Quebec's Bill 10 and operational challenges in British Columbia [1][4][10]. Financial Performance - Revenues for Q2 2025 were CAD 27.1 million, down from CAD 46.3 million in Q2 2024, representing a decrease of approximately 41.4% [3]. - Gross margin for Q2 2025 was CAD 4.5 million, compared to CAD 8.5 million in Q2 2024, with gross margin as a percentage of revenues decreasing from 18.4% to 16.7% [3]. - Adjusted EBITDA for Q2 2025 was CAD 0.5 million, down from CAD 2.6 million in the same period of 2024 [10]. - The net loss for Q2 2025 was CAD 3.1 million, compared to a loss of CAD 1.5 million in Q2 2024 [10]. Operational Challenges - The implementation of Quebec's Bill 10 has significantly impacted the Per Diem segment, which now accounts for about 4% of revenues and 5% of gross margins [4]. - The travel nurse and northern communities' services are performing well, except for a volume reduction in British Columbia due to health authorities' service acquisition centralization efforts [5]. - The company is undergoing a reorganization of its Quebec operations, including workforce reductions and termination of targeted office leases, with cost savings expected to continue in the coming quarters [6]. Strategic Focus - The company is shifting its focus from the Per Diem segment to Travel Nurses and is exploring opportunities in the Home Care sector [7]. - The CFO, Guy Daoust, has taken on the role of interim CEO, emphasizing the need for further steps to adapt to ongoing operational challenges [5][7].
LGI Homes Expands Presence in Winston-Salem with Five New Communities in 2025
GlobeNewswire· 2025-05-21 21:00
Core Insights - LGI Homes, Inc. is expanding its presence in the Triad region by adding five new communities near Winston-Salem, North Carolina, including Applewood, Petticoat Junction, and Sycamore Court, with two more communities, Cider Hill and Robindale, set to open later this year [1][5][7] Community Details - Applewood, located in King, will feature 126 homesites with one- and two-story floor plans ranging from 1,172 to 2,112 square feet, priced from the $290s [2] - Petticoat Junction offers 12 homesites with floor plans from 1,388 to 1,800 square feet, starting from the $310s, and is conveniently located four miles from downtown Winston-Salem [3] - Sycamore Court features nine homesites with upgraded homes ranging from 1,548 to 1,800 square feet, priced starting in the $330s [4] Market Positioning - The expansion reflects LGI Homes' commitment to providing affordable, high-quality homes in desirable locations, aiming to attract families and first-time buyers [7] - Winston-Salem is characterized by a vibrant downtown, a growing job market, and a family-friendly lifestyle, making it an attractive location for homebuyers [6] Company Overview - LGI Homes is recognized as one of America's fastest-growing homebuilding companies, having closed over 75,000 homes since its founding in 2003, and has consistently delivered profitable financial results [8] - The company has received national recognition for its quality construction and customer service, including being named to Newsweek's list of the World's Most Trustworthy Companies [8]
Clairvest Invests in Beneficial Reuse Management
GlobeNewswire· 2025-05-21 21:00
Company Overview - Clairvest Group Inc. has announced a recapitalization and investment in Beneficial Reuse Management (BRM), marking its 10th partnership in the environmental services sector [1] - BRM, founded in 1999, specializes in converting industrial waste into value-added products for agriculture, landscape, wallboard, and construction markets [2] - BRM operates six processing and manufacturing facilities and has a distribution network of over 116 locations [2] Investment Details - The investment in BRM is part of Clairvest's 69th platform investment and the third investment from Clairvest Equity Partners VII, which has a total investment pool of US$1.2 billion, including US$300 million from Clairvest [5] - Clairvest has been investing in the environmental services sector for over 19 years, indicating a strong commitment to this industry [1] Strategic Focus - BRM aims to meet the growing demand for specialty agricultural nutrients and recycled wallboard while providing innovative waste disposal and recycling solutions [3] - The partnership with Clairvest is expected to support BRM's aggressive growth plan to become a leading beneficial reuse and industrial recycling company in the U.S. [3][4] - Clairvest's expertise and track record in supporting growth are seen as valuable assets for BRM's continued development [4]