Optiva Inc. Reports First Quarter 2025 Financial Results
GlobeNewswire· 2025-05-13 22:22
All amounts are stated in United States dollars unless otherwise indicated Revenue of $11.6 millionTotal Contract Value (“TCV”)(1) bookings of $6.3 millionGross margin of 64%Adjusted EBITDA(1) of $0.5 millionEPS loss of $ 0.38$8.0 million of cash TORONTO, May 13, 2025 (GLOBE NEWSWIRE) -- Optiva Inc. (“Optiva” or “the Company”) (TSX:OPT), a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds, today released its first quarter ...
Melcor Developments announces first quarter results, declares quarterly dividend of $0.11 per share
GlobeNewswire· 2025-05-13 22:21
EDMONTON, Alberta, May 13, 2025 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. ("Melcor") (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the first quarter ended March 31, 2025. The first quarter Management Discussion & Analysis (MD&A) and Condensed Interim Financial Statements are available on our website (www.melcor.ca) under Investors, or on SEDAR+ (www.sedarplus.ca). Timothy Melton, Melcor’s Executive Chair and Chief Executive Officer, comment ...
Carbon Streaming Announces Financial Results for the Three Months Ended March 31, 2025
GlobeNewswire· 2025-05-13 22:00
Core Viewpoint - Carbon Streaming Corporation has made significant strides in cost reduction and financial sustainability in Q1 2025, while exploring strategic alternatives to enhance shareholder value despite challenging market conditions [2]. Financial Highlights - The company reported a net gain of $49 thousand on the revaluation of carbon credit streaming and royalty agreements, a significant improvement from a net loss of $33.1 million in Q1 2024 [4][6]. - Operating loss for Q1 2025 was $1.4 million, down from $36.6 million in the same period last year [5][6]. - The net loss for the quarter was $0.8 million, compared to a net loss of $35.8 million in Q1 2024 [5][6]. - Cash at the end of the quarter stood at $36.4 million, with no corporate debt [5][6]. - The company reduced the number of full-time employees from 24 at the start of 2024 to just 3 by May 2025, leading to substantial savings in operating expenses [5][6]. Portfolio Updates - The Nalgonda Rice Farming Stream project was registered with Verra on February 10, 2025, after overcoming delays related to methodology reviews [7]. - The Sheep Creek Reforestation Stream project has faced significant challenges, including higher than expected mortality rates and slower growth, leading to a potential loss of anticipated carbon credits [9][11]. - The Baccala Ranch Reforestation Stream was terminated by Mast, confirming no further plantings will occur [12]. Strategic Focus - The company is prioritizing maximizing value from its existing portfolio while evaluating potential acquisitions, divestments, and strategic partnerships [2][14]. - Ongoing corporate restructuring efforts have led to reduced operating expenses and streamlined decision-making processes [16]. - The company aims to optimize cash flow generation through the sale of carbon credits from its streaming agreements, despite uncertainties in the carbon market [17].
SoundThinking Honors Law Enforcement During National Police Week 2025
GlobeNewswire· 2025-05-13 22:00
Company Commitment - SoundThinking, Inc. honors law enforcement officers during National Police Week, reaffirming its commitment to the law enforcement community [1][4] - The company emphasizes the importance of supporting law enforcement through action, providing mission-critical public safety technologies that enhance officer safety and decision-making [3][5] Industry Context - National Police Week serves as a reminder of the sacrifices made by law enforcement, with 148 officers reported to have lost their lives in 2024, contributing to over 24,000 names on the National Law Enforcement Officers Memorial [2] - SoundThinking collaborates with various organizations to support law enforcement, including funding community safety programs and providing emotional support through initiatives like First Responder Therapy Dogs [6] Company Overview - SoundThinking is a leading public safety technology provider, delivering AI- and data-driven solutions to over 300 customers and approximately 2,100 agencies [5] - The company's SafetySmart™ platform includes several advanced technologies such as ShotSpotter®, CrimeTracer™, and SafePointe®, aimed at improving public safety outcomes [5]
Magnetic North Acquisition Corp. Announces Non-Brokered Private Placement of Up to CDN$500,000
GlobeNewswire· 2025-05-13 21:55
**Not for distribution to United States Newswire Services or release publication, distribution or dissemination, directly or indirectly, in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities Laws** CALGARY, Alberta and TORONTO, May 13, 2025 (GLOBE NEWSWIRE) -- Magnetic North Acquisition Corp. (TSXV: MNC) (“Magnetic North” or the “Company”) announces that it intends to complete a non-brokered private placement (the “Offering”) consisting of unsecured, ...
The Keg Royalties Income Fund Announces Trustee Election Results for its 2025 Unitholder Meeting
GlobeNewswire· 2025-05-13 21:49
VANCOUVER, British Columbia, May 13, 2025 (GLOBE NEWSWIRE) -- The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) is pleased to announce that all of the nominees listed in its information circular dated March 31, 2025 were elected as trustees of the Fund at its annual meeting of unitholders held on May 13, 2025 (the “Meeting”). The results of the voting for each nominee are as follows: NomineeVotes ForVotes WithheldNo.%No.%Christopher Charles Woodward8,173,33093.26<td style="border-top ...
Capital Power Announces Pricing of US$1.2 Billion of Senior Notes
GlobeNewswire· 2025-05-13 21:47
EDMONTON, Alberta, May 13, 2025 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power” or the “Company”) announced today the pricing of a private offering of US$700 million aggregate principal amount of 5.257% senior notes due 2028 (the “2028 Notes”) and US$500 million aggregate principal amount of 6.189% senior notes due 2035 (the “2035 Notes” and, collectively, the “Notes”) to be issued by Capital Power (US Holdings) Inc., a U.S. wholly-owned subsidiary of the Company. The Notes will be ...
Titanium Transportation Group Reports 7.5% YoY Revenue Growth and Further Debt Reduction in Spite of Market Challenges
GlobeNewswire· 2025-05-13 21:45
Consolidated revenue for Q1 2025 improved 7.5% year-over-year, to $121 million.Logistics revenue increased 17.6% year-over-year, driven by 9% volume growth, highlighting continued customer wins and the scalability of Titanium’s asset-light model.Strategic divestiture of non-core assets generated $1.7 million in proceeds, contributing to a stronger balance sheet with $10.7 million reduction in loans and lease liabilities, enhancing financial flexibility.Quarter-end cash totaled $18.3 million, up from $4.3 mi ...
Anteris Announces Results for the First Quarter of 2025
GlobeNewswire· 2025-05-13 21:45
MINNEAPOLIS and BRISBANE, Australia, May 13, 2025 (GLOBE NEWSWIRE) -- Anteris Technologies Global Corp. (Anteris or the Company) (NASDAQ: AVR, ASX: AVR) a global structural heart company committed to designing, developing, and commercializing cutting-edge medical devices to restore healthy heart function, today reported financial results for the quarter ended March 31, 2025, and provided a corporate update. First Quarter 2025 Highlights Investigational Device Exemption (“IDE”) for the DurAVR® THV’s global, ...
TWFG Announces First Quarter 2025 Results
GlobeNewswire· 2025-05-13 21:44
THE WOODLANDS, Texas, May 13, 2025 (GLOBE NEWSWIRE) -- – Total Revenues increased 16.6% for the quarter over the prior year period to $53.8 million –– Total Written Premium increased 15.5% for the quarter over the prior year period to $371.0 million –– Organic Revenue Growth Rate* of 14.3% for the quarter –– Net income of $6.9 million for the quarter –– Adjusted EBITDA* increased 35.3% for the quarter over the prior year period to $12.2 million – THE WOODLANDS, Texas, May 13, 2025 (GLOBE NEWSWIRE) – TWFG, I ...