Itron Appoints Sheri Savage to Board of Directors
Globenewswire· 2025-08-14 20:15
Core Insights - Itron, Inc. has appointed Sheri Savage, former CFO of Ultra Clean Holdings, to its board of directors, effective August 11, 2025, bringing over 30 years of finance experience [1][2]. Company Overview - Itron is focused on innovating solutions for utilities and cities to manage energy and water, aiming to improve efficiency and deliver reliable services [5]. Leadership Experience - Sheri Savage has held multiple leadership roles at Ultra Clean Holdings since 2009, becoming CFO in 2016 and leading the company through significant revenue and earnings growth [2]. - Prior to her role at UCT, Savage served as corporate controller and vice president of finance at Credence Systems Corporation, and held various roles at Protiviti and KLA-Tencor Corporation [2]. Board Expectations - The chair of Itron's board, Diana Tremblay, highlighted Savage's strategic financial leadership and extensive experience in various financial domains as key qualifications for her board position [3]. - Itron's CEO, Tom Deitrich, expressed confidence that Savage's experience in public company finance will be beneficial for advancing the company's business strategy and enhancing shareholder value [4].
Burlington Stores, Inc. Announces Second Quarter Fiscal Year 2025 Earnings Release Date, Conference Call and Webcast
Globenewswire· 2025-08-14 20:15
Core Viewpoint - Burlington Stores, Inc. is set to release its second quarter fiscal year 2025 results on August 28, 2025, before the U.S. stock market opens, followed by a conference call to discuss the results at 8:30 a.m. Eastern Time [1] Company Overview - Burlington Stores, Inc. is a nationally recognized off-price retailer headquartered in New Jersey, with fiscal 2024 net sales of $10.6 billion [6] - The company operates 1,115 stores across 46 states, Washington D.C., and Puerto Rico, offering high-quality branded merchandise at discounts of up to 60% compared to other retailers [6] Conference Call Details - The U.S. toll-free dial-in for the conference call is 1-800-715-9871 with a passcode of 6135700, and the international dial-in number is 1-646-307-1963 [2] - A live webcast of the conference call will be available on the investor relations page of the company's website [2] Replay Information - For those unable to participate in the live conference call, a replay will be available starting at 11:30 a.m. ET on August 28, 2025, through September 4, 2025, at 11:59 p.m. ET [3] - The U.S. toll-free replay dial-in number is 1-800-770-2030, and the international replay dial-in number is 1-609-800-9909, with the same passcode of 6135700 [3] Communication Channels - Burlington Stores announces material information through SEC filings, press releases, public conference calls, and webcasts, and may also utilize its website and social media for important communications [4] - The company encourages stakeholders to review information posted on its website and social media channels, including Facebook and X (formerly Twitter) [4][5]
XAI Octagon Floating Rate & Alternative Income Trust Will Host its Q2 2025 Quarterly Webinar on August 26, 2025
Globenewswire· 2025-08-14 20:15
Company Overview - XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) is planning to host a Quarterly Webinar on August 26, 2025, at 11:00 am (Eastern Time) [1] - The Trust's investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle [3] - The Trust aims to invest at least 80% of its Managed Assets in floating rate credit instruments and other structured credit investments under normal market conditions [3] Investment Management - XA Investments LLC (XAI) serves as the investment adviser for the Trust and other funds, focusing on providing investment advisory services and fund structuring [4] - Octagon Credit Investors, LLC acts as the Trust's investment sub-adviser, managing a portfolio of below-investment grade corporate credit with a focus on leveraged loans, high yield bonds, and structured credit [6] - Octagon has over 30 years of experience and manages approximately $32.6 billion in assets, employing fundamental credit analysis and active portfolio management to identify investment opportunities [6] Trading Information - The Trust's common shares are traded on the New York Stock Exchange under the symbol "XFLT," and its 6.50% Series 2026 Term Preferred Shares are traded under the symbol "XFLTPRA" [4]
Comstock Announces Second Quarter 2025 Results and Corporate Updates
Globenewswire· 2025-08-14 20:15
Core Insights - Comstock Inc. raised $30 million in gross proceeds from an oversubscribed offering to fund its solar panel recycling facilities and eliminate debt obligations [6][10][16] - The company has achieved significant milestones in its renewable metals and fuels segments, including certifications and strategic partnerships [4][8][12] Financial Performance - Recorded billings of $2.31 million in the first half of 2025, compared to nil in the same period of 2024 [7] - Proforma combined cash balance exceeded $45 million following recent capital raises [6] - The company plans to achieve billable revenues of over $3.5 million in 2025, which is expected to be eight times greater than in 2024 [20] Business Developments - Comstock Metals became the first company in North America to earn the R2v3 and RIOS certifications for zero-waste solar panel recycling [8] - The company has entered into a Master Services Agreement with RWE Clean Energy for end-of-life recycling services [7] - Comstock has commenced operations with a dedicated team of 20 full-time employees and expanded its operational capacity [7] Strategic Initiatives - The company plans to build up to seven industry-scale solar panel recycling facilities in the U.S. [17] - Comstock has eliminated all liabilities associated with previous acquisitions, positioning itself for future growth [6] - Bioleum Corporation, a newly formed entity, is focused on producing sustainable fuels and has secured significant investments [15][24] Market Outlook - The company anticipates a strong demand for silver and gold, driven by geopolitical concerns and economic factors [10] - Comstock aims to monetize legacy real estate and non-strategic investments for over $50 million [18] - The commercialization of Bioleum's biorefining technologies is expected to generate future revenue sources [23][26]
Milestone Scientific Achieves 25% Increase in Revenue for the Second Quarter of 2025
Globenewswire· 2025-08-14 20:15
Core Insights - Milestone Scientific Inc. reported a 25% increase in revenue for Q2 2025, reaching $2.3 million, primarily driven by strong international dental sales which more than doubled year-over-year [2][3] - The company has strengthened its leadership team, appointing Eric Hines as the new CEO and Jason Papes as Senior Vice President, Global Head of Sales and Marketing, to support its growth strategy [2] - The gross margin for Q2 2025 was maintained at 70%, reflecting the high-margin dental business and effective cost management [2] Financial Performance - For Q2 2025, revenues were approximately $2.3 million, up from $1.9 million in Q2 2024, marking an increase of about $470,000 [3] - International revenue for Q2 2025 was approximately $1.0 million, an increase of approximately $524,000 compared to the same period in 2024 [3] - The net loss for Q2 2025 was approximately $(1.5) million, or $(0.02) per share, compared to a net profit of $0.2 million, or $0.00 per share, in Q2 2024 [3] Business Strategy - The company aims to accelerate growth in both dental and medical segments by enhancing its direct sales model, e-commerce platform, and targeted marketing campaigns [2] - In the medical segment, Milestone Scientific is focusing on advancing the adoption of its CompuFlo® Epidural System, having secured Medicare Part B payment rate assignment and initial coverage from commercial insurers [2] - Future plans include broadening federal presence, expanding internationally with new distribution partners, and unlocking potential in both business segments [2] Leadership Changes - Eric Hines, the new CEO, is expected to guide the company through its next growth phase, leveraging his experience in operational excellence [2] - Jason Papes brings a proven track record in global sales strategies, enhancing the company's capabilities in sales and marketing [2] - Shanth Thiyagalingam has joined the Board of Directors, contributing over 20 years of medtech executive experience [2] Cash Position - As of June 30, 2025, the company reported cash and cash equivalents of approximately $1.3 million and working capital of approximately $3.9 million [6]
Updated time: HP Inc. to Announce Third Quarter Fiscal 2025 Earnings on Aug 27, 2025
Globenewswire· 2025-08-14 20:15
Core Viewpoint - HP Inc. will hold a live audio webcast to discuss its financial results for the third fiscal quarter ending July 31, 2025, on August 27, 2025 [1] Company Overview - HP Inc. is a global technology leader operating in over 170 countries, providing a variety of innovative and sustainable devices, services, and subscriptions across personal computing, printing, 3D printing, hybrid work, and gaming [2]
Duos Technologies Group Reports Second Quarter 2025 Results
Globenewswire· 2025-08-14 20:15
Core Insights - Duos Technologies Group, Inc. reported a 280% increase in quarterly revenue, reaching $5.74 million in Q2 2025 compared to $1.51 million in Q2 2024, driven by strong performance in energy services and edge computing [4][20] - The company is on track to meet its full-year revenue guidance of $28 million to $30 million, representing a projected increase of 285% to 312% from 2024 [20][21] - The gross margin for Q2 2025 improved significantly, increasing 808% to $1.52 million from a loss of $0.21 million in Q2 2024, primarily due to the execution of the Asset Management Agreement (AMA) with New APR Energy [7][15] Financial Performance - Total revenue for the first six months of 2025 increased 314% to $10.69 million from $2.58 million in the same period last year [12][13] - Services and consulting revenue accounted for approximately $10.59 million, with significant contributions from the AMA [13][14] - Cost of revenues increased 191% to $7.86 million, primarily due to the support of the AMA [14] Operational Highlights - The company showcased its first production standalone Edge Data Center (EDC) and began installation activities at three additional locations [4][19] - As of the end of Q2 2025, Duos had a revenue backlog of approximately $40.7 million, with $18 million expected to be recognized in 2025 [19][20] - Duos completed a $40 million public offering and raised an additional $12.5 million through an At-the-Market offering, enhancing its cash position for future expansions [4][20] Management Commentary - The CEO expressed confidence in the company's growth trajectory, highlighting the record revenues achieved in the first half of 2025 and the expectation of reaching breakeven in the near future [21]
Polar Power Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-14 20:15
Core Insights - Polar Power, Inc. reported a significant decline in net sales and gross profit for Q2 2025, with net sales of $2.7 million, down 42% from $4.6 million in Q2 2024, and gross profit decreasing by 49% to $930,000 [6][14]. Financial Performance - Net sales for the second quarter of 2025 were $2.7 million, a decrease of 42% compared to $4.6 million in the same period in 2024 [6][14]. - Gross profit fell to $930,000, down 49% from $1.8 million in Q2 2024 [6][14]. - Operating expenses decreased by 24% to $1.0 million, compared to $1.4 million in the same period in 2024 [6][14]. - The company reported a net loss of $271,000, or $(0.11) per share, compared to a net income of $501,000, or $0.20 per share, in Q2 2024 [6][14]. - Cash used in operating activities was $404,000, contrasting with $1,179,000 provided by operating activities in the same period last year [6][14]. Market Segmentation - Telecom customers accounted for 92% of total net sales in Q2 2025, down from 95% in Q2 2024, while military customers increased their share to 6% from 3% [3]. - Sales to customers outside the U.S. dropped to 3% of total net sales in Q2 2025, compared to 25% in the same period in 2024 [3]. Strategic Initiatives - The company is restructuring its U.S. sales strategy to include distribution through domestic resellers to rebuild sales to pre-pandemic levels [3]. - Polar Power has added new personnel in the Middle East and Africa and is increasing field trials for its DC generators in Southeast Asia and Africa [3]. - The company plans to release a 30 kW mobile EV charger in Q4 2025 after a year of testing [3]. Product Portfolio - Polar Power offers a range of power solutions, including DC advanced power and cooling systems for various applications such as telecom, military, renewable energy, and EV charging [4][5]. - The company is enhancing its microgrid systems by adding heat recovery features to improve fuel efficiency [3].
Plus Therapeutics Reports Second Quarter Financial Results and Recent Business Highlights
Globenewswire· 2025-08-14 20:15
Announced CNSide® CSF assay platform launch timeline Initiated the REYOBIQ dose optimization trial for patients with leptomeningeal metastases HOUSTON, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Plus Therapeutics, Inc. (Nasdaq: PSTV) (“Plus” or the “Company”), a clinical-stage pharmaceutical company developing targeted radiotherapeutics with advanced platform technologies for central nervous system (CNS) cancers, today announces financial results for the second quarter ended June 30, 2025, and provides an overview o ...
Firsthand Technology Value Fund Announces Second Quarter Financial Results, NAV of $0.11 Per Share
Globenewswire· 2025-08-14 20:15
Core Viewpoint - Firsthand Technology Value Fund, Inc. reported its financial results for the quarter ended June 30, 2025, highlighting a decrease in net assets and investment performance challenges [1][5]. Financial Summary - As of June 30, 2025, the Fund's net assets were approximately $0.7 million, or $0.11 per share, down from approximately $0.8 million, or $0.12 per share as of March 31, 2025 [2]. - The Fund's portfolio included public and private securities valued at approximately $0.7 million, or $0.10 per share, with about $0.07 per share in cash and cash equivalents [2]. - Total assets were reported at $1.17 million, with total liabilities of $0.42 million, resulting in net assets of $0.75 million [3]. Investment Performance - For the quarter, the Fund reported total investment income of approximately $171 thousand, but after fees and expenses, it faced a net investment loss of approximately $63 thousand [5]. - The Fund experienced net realized and unrealized losses on investments of approximately $27 thousand for the quarter [5]. Portfolio Management - The Valuation Committee adjusted the fair values of private companies in the portfolio, considering various factors such as performance, recent transactions, and market multiples [4]. - The Fund continued to manage its portfolio prudently, collaborating with portfolio companies to enhance performance and identify potential exit opportunities [6]. Company Overview - Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund focused on technology and cleantech investments, aiming for long-term capital growth [7][8].