StealthGas Inc. Reports Second Quarter and Six Months 2025 Financial and Operating Results
Globenewswire· 2025-08-25 13:00
Core Insights - StealthGas Inc. reported strong profitability in Q2 2025 with a net income of $20.4 million, a 45% increase from Q1 2025 but a decrease from $25.8 million in Q2 2024 [4] - The company achieved record revenues of $47.2 million in Q2 2025, a 13% increase year-over-year, driven by improved market conditions and an increase in fleet size [4] - The company has secured approximately $155 million in contracted revenues for the remainder of 2025, with about 70% of fleet days under period charters [4][8] Operational Highlights - The average number of vessels owned increased to 28.3 in Q2 2025 from 27.0 in Q2 2024 [4][6] - Fleet utilization improved to 99.7% in Q2 2025 compared to 98.1% in Q2 2024 [21] - The company has maintained a strong cash position with $87.3 million in cash and cash equivalents as of June 30, 2025, allowing for debt repayments [4][31] Financial Performance - Total revenues for the six months ended June 30, 2025, were $89.3 million, up from $83.4 million in the same period of 2024 [6] - Adjusted net income for the six months ended June 30, 2025, was $37.9 million, down from $46.7 million in the prior year [6] - EBITDA for the six months ended June 30, 2025, amounted to $48.3 million, compared to $60.7 million for the same period in 2024 [6] Debt Management - The company repaid $53.6 million in debt during the first half of 2025 and an additional $32.2 million in Q3 2025, resulting in a debt-free fully owned fleet [4][12] - Interest and finance costs decreased significantly to $2.0 million for the six months ended June 30, 2025, from $5.9 million in the same period of 2024 [6] Fleet Update - The fleet size increased to 29 vessels following the consolidation of two vessels previously owned through joint ventures [9] - The company has entered into a sale agreement for the vessel Gas Elixir, expected to enhance liquidity [10] Incident Report - The LPG tanker ECO WIZARD experienced explosions while loading ammonia in July 2025, resulting in damage and temporary loss of revenue, which accounted for approximately 8% of the company's revenues in the first half of 2025 [11][12]
Euroseas Ltd. Announces Order for the Construction of Two Additional 4,300 TEU Containerships
Globenewswire· 2025-08-25 13:00
ATHENS, Greece, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it has signed a contract for the construction of two additional modern fuel-efficient 4,300 teu container vessels to be built at Jiangsu New Yangzi Shipbuilding CO., in China. The vessels are scheduled to be delivered in March and May of 2028. The total considerat ...
Capital Clean Energy Carriers Corp. Announces the Sale of a Neo-Panamax 13,312 TEU Container Vessel and Secures Financing for Six Dual Fuel Medium Gas Carriers
Globenewswire· 2025-08-25 13:00
ATHENS, Greece, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Capital Clean Energy Carriers Corp. (the “Company,” “CCEC”, “we” or “us”) (NASDAQ: CCEC), an international owner of ocean-going vessels, is pleased to announce: The sale of M/V Manzanillo Express to a third party for an expected book gain of $6.9 million; andSecuring of financing of all six Dual Fuel (“DF”) Medium Gas Carriers (“MGC”) under construction. Sale of a 13,312 TEU Container Vessel On August 7, the Company signed a memorandum of agreement for the s ...
Join Nexalin Technology's Exclusive Live Investor Webinar and Q&A Session on September 9
Globenewswire· 2025-08-25 13:00
HOUSTON, TX, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Nexalin Technology, Inc. (the “Company” or “Nexalin”) (Nasdaq: NXL; NXLIW) is pleased to invite investors to a webinar on September 9, 2025, at 4:15 p.m. ET. Attendees will gain an inside look at Nexalin’s game-changing approach to mental healthcare through its proprietary, non-invasive Deep Intracranial Frequency Stimulation (DIFS™) technology. CEO Mark White will detail the Company’s growing body of clinical evidence, including collaborations with leading in ...
Palisade Bio Releases Virtual Investor KOL Connect Segment on FSCD and Lead Candidate PALI-2108
Globenewswire· 2025-08-25 13:00
Core Insights - Palisade Bio is focusing on developing PALI-2108 as a potential leader in treating Fibrostenotic Crohn's Disease (FSCD) and Inflammatory Bowel Diseases (IBD) due to the significant unmet need for more effective treatment options [1][3] Company Overview - Palisade Bio, Inc. is a clinical-stage biopharmaceutical company dedicated to advancing novel therapeutics for autoimmune, inflammatory, and fibrotic diseases [2][5] - The company aims to transform the treatment landscape through a targeted approach with its innovative therapeutics [5] Expert Insight - Dr. Brian Feagan, a leading expert in IBD and FSCD, discussed the challenges of current therapies and emphasized the need for treatments that effectively address both inflammation and fibrosis [3] - He highlighted PALI-2108's localized approach, which aims to minimize class-associated side effects while maintaining anti-inflammatory and anti-fibrotic efficacy [3]
Sagtec Global Secures AI Licensing Deal with Kinetic Seas to Accelerate Scalable Growth in F&B Tech Market
Globenewswire· 2025-08-25 12:55
Core Viewpoint - Sagtec Global has entered a strategic licensing agreement with Kinetic Seas to integrate the AI platform Skilliks into its POS systems, aiming to enhance AI-powered solutions in Southeast Asia's Food & Beverage market [1][3]. Company Overview - Sagtec Global serves over 13,000 clients globally, focusing on improving efficiency and profitability through advanced tools [2]. - The company is recognized as a leader in enterprise-grade POS software and AI-integrated digital systems in Southeast Asia [6]. Strategic Benefits - The licensing of Skilliks allows Sagtec to access proven AI technology without the high costs associated with developing an in-house AI division, which could cost millions annually [3]. - This collaboration is expected to accelerate the development of AI tools for Sagtec's clients, addressing critical operational challenges such as ingredient management and demand forecasting [2][4]. - The agreement positions Sagtec to expand its solutions beyond the F&B sector into adjacent industries, creating new revenue streams [3][8]. Leadership Insights - The CEO of Sagtec Global emphasized that this agreement is a pivotal step in the company's long-term growth strategy and enhances its ability to deliver value to shareholders [4]. - The CEO of Kinetic Seas highlighted the partnership's potential to empower operators and enterprises with scalable AI solutions [4]. Market Positioning - The collaboration reinforces Sagtec's commitment to operational excellence and sustainable growth, which is expected to create long-term value for shareholders [5]. - The integration of AI is anticipated to accelerate project development across Sagtec's F&B client base and expand recurring revenue opportunities [8].
Kinetic Seas and Sagtec Enter into Major Five-Year Agreement to Launch Private White-Labeled SKILLIKS Platform
Globenewswire· 2025-08-25 12:55
Core Insights - Kinetic Seas Incorporated and Sagtec Global Limited have signed a multi-year agreement to deploy a private white-labeled version of the SKILLIKS AI platform, emphasizing the growing importance of AI in Southeast Asia [1][2] Group 1: Agreement Details - The collaboration is structured as a five-year licensing and collaboration arrangement valued at $2 million USD, which includes a long-term revenue share component [2][8] - The SKILLIKS platform will be hosted on secure U.S.-based cloud servers, allowing Sagtec to utilize it for internal AI software development and client projects [8] Group 2: Strategic Importance - This partnership aims to enhance Sagtec's IT capabilities and provide AI-enabled solutions to clients, thereby expanding their market reach [2][4] - Kinetic Seas emphasizes that the primary barrier to AI adoption at the enterprise level is not the technology itself but existing business processes [4] Group 3: Features and Benefits - The licensed platform will serve as a capability accelerator for Sagtec's IT department, offering access to AI training curriculum, personalized staff evaluations, and tailored training sessions [3][8] - The agreement is expected to deliver significant savings and efficiency gains for both companies, making advanced AI more accessible [4]
WISeKey Unveils Its Next-Generation WISeID: A Fully Decentralized Identity Platform for People and Objects
Globenewswire· 2025-08-25 12:55
Core Viewpoint - WISeKey has launched a next-generation WISeID, a fully decentralized identity platform that integrates its people identity platform and object identity platform, aiming to enhance digital identity security and user autonomy in a decentralized internet environment [1][10]. Group 1: Product Development and Features - The new WISeID platform is built on WISeKey's 25 years of experience in digital identity, allowing individuals and connected devices to interact and transact securely with full autonomy [1][2]. - WISeID and SEALCOIN now utilize the "Quantum Root Key," a post-quantum cryptographic solution designed to protect digital identities against quantum computing threats [4][5]. - The platform offers free identity validation through smartphone or computer cameras, enabling users to confirm their identity via official ID scanning and facial recognition [8]. - New digital certificates provide various assurance levels, from free email-only certificates to advanced certificates with verified details [8]. - A new document signing solution allows users to sign PDFs from any device, generating secure single-use certificates for each signature [9]. Group 2: Market Context and Need - Recent social media hacks highlight vulnerabilities in centralized systems, emphasizing the urgent need for a decentralized identity model that preserves user privacy and enhances security [3]. - The rise of quantum computing poses a significant threat to existing encryption methods, necessitating a shift to new cryptographic paradigms like the one WISeKey is developing [5]. Group 3: Competitive Advantage and Vision - WISeID offers an alternative to dominant identity service providers, empowering users to maintain control over their digital identities without exploitation for commercial gain [7]. - The combined WISeID and SEALCOIN ecosystem leverages blockchain technology to manage verifiable credentials while ensuring strong privacy protections by keeping private user data off-chain [6]. - WISeKey's mission is to secure digital identities for individuals and objects, ensuring trust and digital sovereignty in an increasingly connected world [10].
Troilus to Accompany Prime Minister of Canada and Minister of Energy and Natural Resources on Critical Minerals Mission to Germany; Also Participating in Japan and Korea Investment Forums
Globenewswire· 2025-08-25 12:52
Core Insights - Troilus Gold Corp. has been invited to participate in two significant Canadian government-led international missions, highlighting the strategic importance of its copper-gold project to Canada's critical minerals agenda [1][4] - The company will join a Canadian business delegation to Berlin, Germany, to showcase its role as a major future copper-gold producer and its partnerships with key players in the supply chain [2][4] - Troilus will also attend the Canadian Critical Minerals Investment Forum in Tokyo, Japan, and Seoul, Korea, to engage with global investors and industry leaders [3][4] Company Overview - Troilus Gold Corp. is a Canadian development-stage mining company focused on advancing the former Troilus Mine towards production, located in Quebec, Canada [5] - The company holds a significant land position of 435 km² in the Frôtet-Evans Greenstone Belt and has completed a Feasibility Study supporting a large-scale 22-year, 50ktpd open-pit mining operation [5]
AITX’s RAD Launches Logistics Market Solution With ROAMEO
Globenewswire· 2025-08-25 12:40
Client Feedback from Complete RAD Security Solution Offers Significant Potential Detroit, Michigan, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCID:AITX), along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced an expanded emphasis on serving the logistics sector. This initiative is driven by strong client response to the recent addition of ROAMEO™ Gen 4 and SARA™ to RAD’s security solutions. With deep indust ...