Aeries Technology Reports Record Q1 FY2026 Results: Cash Flow Positive, $17M Net Income Turnaround, and Strongest Start to a Fiscal Year in Company History
Globenewswire· 2025-08-14 10:30
Core Insights - Aeries Technology, Inc. reported its strongest first quarter in company history, achieving positive operating cash flow and a $17.0 million year-over-year improvement in net income [1][4] - The company attributes its success to operational discipline, a focus on core offerings, and the implementation of AI-enabled Global Capability Center (GCC) services [2][3] Financial Performance - Revenue for the quarter ended June 30, 2025, was $15.3 million, driven entirely by strong demand for AI-powered GCC services [4] - SG&A expenses were reduced by more than 85% year-over-year, contributing to a leaner cost structure [4] - Operating profit reached $0.8 million, an increase of $17.2 million year-over-year, while net income was $1.7 million compared to a net loss of $15.3 million in Q1 FY2025 [4][19] - Cash flow from operations was $1.4 million, reversing the negative cash flow from the previous year [4] Strategic Initiatives - The company exited non-core operations to concentrate on high-value GCC and AI-powered transformation services, resulting in multiple new client wins [5] - Aeries integrated nearshore and offshore delivery to enhance speed, cost efficiency, scalability, and innovation [5] - The company strengthened its leadership team and aligned skill sets to core offerings, optimizing project governance and delivery [5] Market Position and Growth - Aeries has positioned itself as a key partner for Private Equity (PE) firms, enhancing its market presence through new client acquisitions and expanded relationships [7] - The AI-first GCC model allows clients to achieve significant improvements in speed, scale, and efficiency, attracting Private Equity-backed companies [2][6] Fiscal Outlook - Aeries reaffirmed its full-year FY2026 guidance, emphasizing that disciplined execution can deliver both growth and profitability [8]
U.S. and Australia Support for Nova’s Estelle Project
Globenewswire· 2025-08-14 10:30
Core Viewpoint - Nova Minerals Limited is receiving strong support from Alaska State government officials and the Australian Consular-General for its Estelle Gold and Critical Minerals Project, which is gaining strategic recognition and aligning with state infrastructure and economic development goals [1][3][11] Group 1: Project Development and Strategic Importance - The Estelle Project is recognized as a potential key contributor to domestic resource security, particularly in light of recent U.S. Presidential Executive Orders [3][10] - The project is one of only nine global projects identified for near-term antimony production potential, alongside a rapidly expanding gold resource, positioning it as a valuable dual-commodity asset [3][4] - The project is evolving into a strategic mineralized district, critical for Western supply chain security and reducing reliance on foreign critical minerals [4][11] Group 2: Infrastructure and Government Support - Key infrastructure projects discussed include the West Susitna Access Road, which will provide year-round access to the Estelle Project, and enhancements to Port MacKenzie for logistics and export capacity [5][6] - Alaska Governor Mike Dunleavy has expressed strong support for the West Susitna Access Road, emphasizing its value for local residents and economic opportunities [7][8] - The Australian Consular-General's visit to the Estelle Project highlights the growing collaboration between Australia and the U.S. in the strategic minerals sector [11] Group 3: Funding and Collaboration - Nova is advancing applications for potential non-dilutive funding from the U.S. Department of Defense, which could significantly accelerate project development [4] - The company is collaborating closely with state and federal partners to fast-track permitting and infrastructure integration for large-scale production [10]
Aquestive Therapeutics Announces Pricing of $85 Million Underwritten Offering of Common Stock
Globenewswire· 2025-08-14 10:28
Company Overview - Aquestive Therapeutics, Inc. is a pharmaceutical company focused on advancing medicines to improve patients' lives through innovative science and delivery technologies [5] - The company is developing orally administered products to deliver complex molecules, providing alternatives to invasive therapies [5] - Currently, Aquestive has four commercialized products marketed by its licensees globally and is the exclusive manufacturer of these products [5] Offering Details - The company announced an underwritten offering of 21,250,000 shares of common stock at a price of $4.00 per share, expecting gross proceeds of $85 million before expenses [1] - The net proceeds will primarily be used to advance the launch and commercialization of Anaphylm™ (epinephrine) Sublingual Film for treating severe allergic reactions, pending FDA approval [1] - The offering is expected to close around August 15, 2025, subject to customary closing conditions [1] Underwriters and Management - The offering was led by RTW Investments, LP, with participation from several investment firms including Samsara BioCapital and EcoR1 Capital [2] - Leerink Partners, Cantor, and Oppenheimer & Co. are acting as joint bookrunning managers, while H.C. Wainwright & Co. is the lead manager [2] Regulatory Information - A shelf registration statement relating to the offering was filed with the SEC and declared effective on April 23, 2024 [3] - A final prospectus supplement and accompanying prospectus will be filed with the SEC and made available on their website [3]
Pro Kapital Council approved Consolidated Interim Report for II Quarter and 6 Months of 2025 (Unaudited)
Globenewswire· 2025-08-14 10:15
Core Insights - The company is experiencing significant growth in real estate development across its key markets, with a notable increase in revenue and profitability in the first half of 2025 compared to the same period in 2024 [14][21][24]. Real Estate Development - In Tallinn, the Kalaranna development is nearing completion, with 76 sold apartments handed over and an overall sales rate of 60.7% as of Q2 2025 [1]. - The Kristiine City area is seeing continued development, with four projects adding approximately 35,000 sqm of gross building area and around 350 residential units [2]. - The White Building project in Kristiine City has achieved a sellout rate of 62.4%, with completion expected by November-December 2025 [3]. - A new 7-story residential building with 90 units is under construction, with a current sellout rate of 12.2% and expected completion in October-November 2026 [4]. - In Riga, the Blue Marine project is in preparation, with 96 residential units planned following the successful sales of River Breeze Residence [5][6]. - In Vilnius, the Šaltinių Namai Attico project is progressing with a sellout rate of nearly 40% for villas and over 10% for the commercial building, with substantial completion expected by the end of 2025 [7]. Financial Performance - Total revenue for the first half of 2025 was €28.5 million, a significant increase from €6.9 million in the same period of 2024, with Q2 revenue reaching €16.1 million compared to €3.9 million in 2024 [14][21]. - Gross profit for the first six months of 2025 increased to €10.2 million from €2.4 million in 2024, with a gross profit margin of 36% [17][21]. - The operating result improved to a profit of €7.5 million in the first half of 2025, compared to a loss of €0.9 million in the same period in 2024 [18][21]. - The net result for the first half of 2025 was a profit of €6.2 million, compared to a loss of €3.0 million in 2024 [19][21]. - Cash generated from operating activities was €8.5 million in the first half of 2025, compared to a cash outflow of €4.5 million in the same period of 2024 [20][21]. Market Outlook - The company is well-positioned to capitalize on improving macroeconomic conditions and is focused on disciplined execution and strategic development [13][14]. - The real estate market is expected to normalize by the end of 2025, despite previous slowdowns due to rising interest rates [12].
Battalion Oil Corporation Announces Second Quarter 2025 Financial and Operating Results
Globenewswire· 2025-08-14 10:15
Core Insights - Battalion Oil Corporation reported its financial and operational results for Q2 2025, highlighting a net loss of $3.5 million and an adjusted diluted net loss of $10.6 million [6][9][12]. Operational Highlights - The company completed its 2025 six-well drilling plan ahead of schedule and under budget, with initial production rates from the new wells outperforming legacy wells [2][4]. - The acid gas injection facility treated approximately 2.2 Bcf of gas, but ceased operations on August 11, 2025, leading to a temporary shutdown of part of the Monument Draw field [3][8]. Financial Performance - Average daily net production was 12,989 Boe/d (49% oil), with total operating revenue of $42.8 million, a decrease from $49.1 million in Q2 2024 [4][6]. - The decline in revenue was primarily due to a $5.93 decrease per Boe in average realized prices, partially offset by a 132 Boe/d increase in production [4][6]. - Lease operating and workover expenses increased to $10.98 per Boe, while general and administrative expenses decreased to $2.17 per Boe [5][6]. Liquidity and Balance Sheet - As of June 30, 2025, the company had $219.4 million in term loan indebtedness and total liquidity of $44.6 million [9][15]. - Current assets increased to $83.5 million, with cash and cash equivalents at $44.6 million, up from $19.7 million a year earlier [15][9]. Production and Pricing Data - Crude oil production for Q2 2025 was 584 MBbls, with an average price of $62.14 per Bbl, down from $79.20 in Q2 2024 [20][21]. - Total production volumes for the quarter were 1,182 MBoe, with an average daily production of 12,989 Boe/d [20][21].
Fennec Pharmaceuticals Reports Second Quarter 2025 Financial Results And Provides Business Update
Globenewswire· 2025-08-14 10:08
Core Insights - Fennec Pharmaceuticals reported total net revenues of $9.7 million for Q2 2025, reflecting a 33% increase compared to the same quarter in 2024, driven by growth in large community practices and academic centers [1][3][9] - The company has seen a successful uptake of its product PEDMARQSI in the UK and Germany, with plans for additional EU launches [1][3] - The management anticipates results from a clinical trial in Japan (STS-J01) in the second half of 2025, which may lead to registration and potential licensing opportunities [1][3] Financial Performance - Net product sales for Q2 2025 were approximately $9.7 million, up from $7.3 million in Q2 2024, attributed to growth in the adolescent and young adult (AYA) population [9][11] - Selling and marketing expenses decreased to $4.4 million in Q2 2025 from $4.6 million in Q2 2024, while general and administrative expenses increased slightly to $7.0 million from $6.9 million [9][11] - The company reported a net loss of $3.2 million for Q2 2025, compared to a net loss of $5.6 million in Q2 2024 [11] Business Highlights - Fennec's segmentation model and data-driven targeting have led to significant growth in both new and repeat customers, particularly in large community and academic practices [6] - A large national oncology group has added PEDMARK to its formulary for patients under 40, indicating growing recognition of the need to protect younger patients from cisplatin-induced hearing loss [6] - The NCODA PQI issued for PEDMARK aims to provide clinical data and guidance for healthcare professionals managing patients on cancer therapies [6] Upcoming Events - Fennec will ring the NASDAQ closing bell on September 5, 2025, alongside PEDMARK patients and their families [10] - The company will present at the H.C. Wainwright 27th Annual Global Investment Conference from September 8-10, 2025, in New York City [10] Product Information - PEDMARK is the first FDA-approved therapy to reduce the risk of ototoxicity associated with cisplatin treatment in pediatric patients [15][19] - The product has received Orphan Drug Exclusivity in the U.S. and is commercially available in the U.K. and Germany under the brand name PEDMARQSI [28][30]
22nd Century Group Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-14 10:00
VLN Early Adoption Commercial Activity Expands with Two Partner Brand Launches in Progress – Smoker Friendly and Pinnacle Commenced Pinnacle VLN Stocking Shipments for Almost 1,000 Locations of Top-5 C-Store Customer, Additional Locations to Come Significantly Expanded State Authorizations for both Reduced Nicotine Content and Conventional Products High Margin Branded Products Business Model Set to Grow Profitably MOCKSVILLE, N.C., Aug. 14, 2025 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII), t ...
Lulus Announces New Credit Agreement with White Oak Commercial Finance, LLC
Globenewswire· 2025-08-14 10:00
About Lulus Headquartered in California and serving millions of customers worldwide, Lulus is an attainable luxury fashion brand for women, offering modern, unapologetically feminine designs at accessible prices for every occasion. Our aim is to make every woman feel confident and celebrated, supporting her for all of life's occasions, big or small – from work desk to dream date, cozying up on the couch to the spotlight of her wedding day. Founded in 1996, Lulus delivers fresh styles to consumers daily, usi ...
KE Holdings Inc. to Report Second Quarter 2025 Financial Results on August 26, 2025 Eastern Time
Globenewswire· 2025-08-14 10:00
BEIJING, Aug. 14, 2025 (GLOBE NEWSWIRE) -- KE Holdings Inc. ("Beike" or the "Company") (NYSE: BEKE; HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced that it will report its unaudited financial results for the second quarter of 2025 before the U.S. market opens on Tuesday, August 26, 2025. | United States: | | | +1-855-883-1031 | | --- | --- | --- | --- | | Mainland, China: | | | 400-1209-216 | | Hong Kong, China: | | | 800-930-639 | | Inter ...
Ambow Education Signs White House Pledge to Expand Access to AI-Supported Education for America's Youth
Globenewswire· 2025-08-14 10:00
HybriU™ Platform to Help Deliver High-Quality Classroom Experiences to Schools Nationwide CUPERTINO, Calif., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Ambow Education Holding Ltd. (NYSE American: AMBO), an innovator of AI-powered phygital (physical + digital) solutions for education, corporate collaboration and live events, today announced it is among the first organizations to sign the White House's Pledge to America's Youth: Investing in Artificial Intelligence (AI) Educations. The pledge reflects Ambow's commitm ...