Addex Reports Full Year 2024 Financial Results and Provides Corporate Update
Newsfilter· 2025-04-25 05:00
Core Viewpoint - Addex Therapeutics reported its full-year 2024 financial results, highlighting progress in clinical development and a significant net profit from discontinued operations, primarily due to the sale of part of its business to Neurosterix [1][4][8]. Financial Performance - Total income for 2024 was CHF 410,000, a decrease of CHF 1.2 million from CHF 1.6 million in 2023 [4][11]. - Research and Development (R&D) expenses decreased to CHF 854,000 from CHF 1.2 million, while General and Administrative (G&A) expenses also decreased to CHF 2.3 million from CHF 2.7 million [4][12]. - The total operating loss increased to CHF 2.8 million in 2024 from CHF 2.2 million in 2023 [4][13]. - Net loss from continuing operations was CHF 4.9 million, an increase of CHF 2.4 million compared to CHF 2.5 million in 2023 [4][13]. - The company reported a net profit of CHF 7.1 million for the period, primarily due to a net profit from discontinued operations of CHF 12.0 million [9]. Corporate Developments - The company launched Neurosterix with Perceptive Advisors, raising USD 65 million in Series A funding to advance its preclinical portfolio [6][7]. - Indivior selected a GABAB PAM drug candidate for development in substance use disorders, while Addex selected its own GABAB PAM for chronic cough [2][6]. - Addex regained full control of its mGlu2 PAM asset, ADX71149, and repositioned dipraglurant for brain injury recovery [2][6]. Cash Position - Cash and cash equivalents decreased to CHF 3.3 million at the end of 2024 from CHF 3.9 million at the end of 2023, primarily due to cash used in operating activities [10].
SPIE_Press release_ Q1 2025 - Quarterly information as at March 31st, 2025
GlobeNewswire· 2025-04-25 04:57
Core Insights - SPIE has reported solid revenue growth in Q1 2025, with total revenue reaching €2,415 million, representing an increase of 8.5% year-on-year [3] - The company is experiencing strong momentum particularly in Germany and North-Western Europe, driven by leadership in energy markets and positive trends across all divisions [1][3] - The outlook for 2025 remains positive, with confidence in achieving full-year targets supported by high demand for energy transition-related services and operational discipline [1] Financial Performance - Q1 2025 revenue of €2,415 million reflects an organic growth of 2.1%, on a high comparison basis from Q1 2024 which had a growth of 6.2% [3] - The EBITA margin is continuing to expand, indicating strong operational performance [3] M&A Activity - Integration of all 2024 acquisitions is progressing well and in line with the planned timeline [3] - Recent acquisitions include Elektromontaż-Poznań and Corporate Software in January 2025, and the announcement of the LTEC Group acquisition, which has an annual revenue of approximately €19 million, aimed at enhancing Building Technology & Automation offerings in Poland [3] - A healthy pipeline of M&A opportunities is anticipated for the year, contributing to further growth [3]
XPEL Inc.: Down But Not Out
Seeking Alpha· 2025-04-25 04:40
Company Overview - XPEL Inc. has shown significant revenue growth, increasing from $159 million in 2020 to an estimated $420 million in 2024, while maintaining operating margins in the mid-double digit range of 14-17% [1] Stock Performance - Despite the strong revenue growth, XPEL Inc.'s stock price has declined approximately 45% over the past year [1]
Sobi and Sanofi's Foundation S extend partnership with the World Federation of Hemophilia Humanitarian Aid Program
Prnewswire· 2025-04-25 04:23
Core Points - Sobi, in collaboration with the World Federation of Hemophilia (WFH) and Sanofi, has signed a contract to support the WFH Humanitarian Aid Program for up to five years, focusing on medicine donations and financial assistance [1][3] - The commitment includes the donation of up to 100 million international units (IU) of factor therapy annually to be distributed to developing countries [2] - Over the past decade, Sobi and Sanofi have provided one billion IUs of treatment products, benefiting 22,219 individuals with inherited bleeding disorders [3][4] Company Contributions - Sobi and Sanofi's partnership has been ongoing for over ten years, demonstrating a strong commitment to improving care for people with hemophilia globally [1][3] - The new agreement aims to create a predictable and sustainable program that addresses unmet needs and enhances the standard of care for hemophilia [5] - The contributions from Sobi and Sanofi have significantly expanded treatment availability and improved patient outcomes in developing countries [5][6] Humanitarian Aid Program - The WFH Humanitarian Aid Program aims to provide essential support for individuals with inherited bleeding disorders in developing countries, ensuring consistent access to treatment [8] - The program is a collaborative effort that has transformed patient care and elevated the capacity of healthcare professionals worldwide [6][8] - The vision of the WFH is to ensure that all individuals with inherited bleeding disorders have access to necessary care, regardless of their circumstances [9]
Prosus: Best Proxy To Internet Giant Tencent
Seeking Alpha· 2025-04-25 04:15
Core Viewpoint - Prosus N.V., an Amsterdam-based investment firm and major shareholder of Tencent Holdings Ltd., is currently trading at a significant discount to its net asset value, but has a solid plan to reduce this gap [1] Group 1 - Prosus N.V. is the top shareholder of Tencent Holdings Ltd., indicating a strong position in the Chinese tech market [1] - The company is recognized for its strategic approach to narrowing the valuation gap between its market price and net asset value [1]
Icelandic Salmon – Annual Report for 2024
GlobeNewswire· 2025-04-25 04:00
Core Insights - Icelandic Salmon AS has published its integrated Annual Report for 2024, which includes sustainability reporting and complete annual accounts [1][4] - The company faced a reduction in harvested volume due to biological challenges but focused on strengthening operations for future growth [1] - CEO Bjørn Hembre expressed gratitude towards employees for their efforts during a demanding year [1] Company Positioning - Icelandic Salmon is well-positioned for further growth, with key investments in smolt production largely completed [2] - The company has the capacity to scale up production volume to 26,000 tonnes [2] - Icelandic Salmon is fully integrated, controlling all parts of the value chain from egg to market delivery [3]
Procter & Gamble Q3: Despite Challenges In Consumer Consumption, It's A Buy
Seeking Alpha· 2025-04-25 03:34
Analyst’s Disclosure: I/we have a beneficial long position in the shares of PG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any inv ...
FMC Technologies (FTI) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-04-25 03:30
Core Insights - FMC Technologies reported revenue of $2.23 billion for the quarter ended March 2025, marking a year-over-year increase of 9.4% and an EPS of $0.33 compared to $0.22 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $2.26 billion, resulting in a surprise of -1.07%, while the EPS also missed the consensus estimate of $0.36 by -8.33% [1] Financial Performance - Inbound Orders for Subsea Technologies reached $2.79 billion, exceeding the average estimate of $2.47 billion based on 15 analysts [4] - Total Order Backlog stood at $15.82 billion, surpassing the estimated $14.98 billion by 14 analysts [4] - Revenue from Subsea Technologies was reported at $1.94 billion, slightly below the average estimate of $1.96 billion, but reflecting a year-over-year increase of 11.6% [4] - Revenue from Surface Technologies was $297.40 million, exceeding the average estimate of $290.59 million, but showing a year-over-year decline of 3.2% [4] - Revenue from Services was reported at $1.30 billion, lower than the average estimate of $1.41 billion, but representing a year-over-year increase of 11.9% [4] Stock Performance - Shares of FMC Technologies have declined by 18.7% over the past month, compared to a -5.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]
Hang Seng Index: Alibaba, Baidu, and Real Estate Stocks Drive Market Gains
FX Empire· 2025-04-25 03:10
Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, publications, and personal analysis intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].
Lufax Holding: Well Poised For A New Economic Era Proposed By China
Seeking Alpha· 2025-04-25 03:07
Core Viewpoint - Lufax Holding (NYSE: LU) is positioned as a BUY due to its strategic alignment with China's anticipated business dominance, the rise of international yuan trade, and its alternative to the SWIFT system [1] Group 1 - The company is well positioned for China's move into a new era of business dominance [1] - Increased international yuan trade is expected to benefit Lufax Holding [1] - Lufax offers an alternative to the SWIFT system, which may enhance its competitive edge [1]