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AVANTE CORP. ANNOUNCES RESULTS FOR THE SECOND FISCAL QUARTER of 2026, HIGHLIGHTING 10% INCREASE IN REVENUE AND 73% INCREASE IN ADJUSTED EBITDA WITH POSITIVE NET INCOME
Globenewswire· 2025-11-27 00:34
Core Insights - Avante Corp. reported a 10% year-over-year revenue growth for the second quarter of fiscal 2026, driven by significant increases in its NSSG and Avante Black divisions, which grew by 47% and 48% respectively [2][4][5] - The company achieved Adjusted EBITDA of $0.58 million, marking a 73% increase compared to the same quarter in the previous fiscal year, and recorded a net income of $0.08 million, a turnaround from a net loss of $0.9 million in the prior year [4][5][7] - Avante maintains a positive outlook for fiscal 2026, anticipating organic growth across its service offerings, including Avante Black, HALO, Avante Verified, and MAST [4][5] Financial Performance - Consolidated revenue for the second quarter reached $8.88 million, up from $8.09 million in the same quarter last year, with a gross profit of $3.7 million, reflecting a 7% increase [5][7] - The recurring monthly revenues (RMR) for the second quarter were reported at $4.2 million, a 14% increase year-over-year, attributed to growth in monitoring customers and new recurring revenue services [5][7] - Operating expenses declined year-over-year, indicating effective cost-management initiatives, including the implementation of a new ERP system [2][5] Operational Highlights - The NSSG division is gaining international momentum with active projects across multiple continents, showcasing the company's expanding global footprint [2] - The rebranding of the HALO-powered ecosystem's monitoring solution from WALL-E to MAST signifies the company's commitment to innovation in security technology [2] - Avante's strong balance sheet remains debt-free, with $4.2 million in cash and $12 million in available credit facilities, providing a solid foundation for future growth [2][5]
Acceleware Ltd. Reports Third Quarter 2025 Financial and Operating Results
Globenewswire· 2025-11-27 00:23
Core Insights - Acceleware Ltd. reported financial and operational results for the three and nine months ended September 30, 2025, highlighting significant changes in revenue and comprehensive income compared to previous periods [1][2][12][16][17]. Financial Highlights - Revenue for Q3 2025 was $53,770, a decrease from $1.3 million in Q3 2024 and $202,000 in Q2 2025 [2][12]. - For the nine months ended September 30, 2025, revenue totaled $686,519, down from $3.3 million in the same period of 2024, primarily due to the recognition of deferred revenue in the prior year [2][16]. - Comprehensive loss for Q3 2025 was $578,487, compared to a comprehensive income of $856,500 in Q3 2024 [2][13]. - Total comprehensive loss for the nine months ended September 30, 2025, was $1.7 million, contrasting with a comprehensive income of $1.1 million for the same period in 2024 [2][17]. Operational Highlights - Acceleware aims to enhance western Canadian resources through innovative electromagnetic RF heating applications, focusing on increasing production and reducing operating costs [3]. - The company is advancing its RF XL 2.0 technology, with discussions ongoing for commercial demonstration agreements in Saskatchewan and Alberta [4][5]. - The RF XL 2.0 design is complete, promising a 30% reduction in per well capital costs compared to the previous version, along with improved deployment and safety features [6]. Research and Development - R&D expenditures for Q3 2025 were $211,725, compared to negative $196,809 in Q3 2024, reflecting a shift in funding dynamics [2][14]. - For the nine months ended September 30, 2025, R&D expenses totaled $899,149, up from $445,511 in the same period of 2024, largely due to lower government assistance [2][19]. Financing Activities - In Q3 2025, Acceleware closed a non-brokered private placement, raising $1 million by distributing 10,003,342 units at $0.10 each [10]. - The company also issued units to settle $186,000 in trades payable and management fees [11]. Cash Flow and Working Capital - As of September 30, 2025, Acceleware reported negative working capital of $3.6 million, slightly worse than the $3.4 million reported at the end of 2024, but with increased cash reserves of $461,000 [21]. - The company is actively managing cash flow through operational revenue, external funding, and capital raising activities [22]. Strategic Focus - Acceleware is targeting critical minerals processing and amine regeneration as part of its strategic investment plan [7]. - The company is collaborating with the International Minerals Innovation Institute on a larger-scale prototype dryer for potash, with potential sanctioning later this year [8].
HUTCHMED Highlights Clinical Data to be Presented at the 2025 ESMO Asia Congress and the 2025 ASH Annual Meeting
Globenewswire· 2025-11-27 00:00
Core Insights - HUTCHMED will present new and updated data from several studies at the upcoming ESMO Asia Congress 2025 and ASH Annual Meeting, showcasing its commitment to advancing cancer therapies [1][2][3] Group 1: Upcoming Presentations - A first-in-human study of HMPL-A83, an anti-CD47 monoclonal antibody, will be presented, focusing on advanced solid tumors [2] - The phase II results of the FRUSICA-2 study, evaluating the combination of fruquintinib and sintilimab for renal cell carcinoma, will also be shared [2] - Surufatinib's phase II results in combination with camrelizumab and chemotherapy for metastatic pancreatic cancer will be reported [2] Group 2: Specific Study Details - HMPL-A83 presentation details include a mini oral session on December 7, 2025, led by Ye Guo [2] - Fruquintinib's results will be presented by Shanshan Wang on December 5, 2025, in a proffered paper session [2] - Surufatinib's study will be displayed as a poster by Shukui Qin [2] Group 3: Additional Studies - Several investigator-initiated studies will also be presented, including combinations of fruquintinib with other treatments for metastatic colorectal cancer [3] - The final analysis of the ESLIM-01 study on sovleplenib for chronic primary immune thrombocytopenia will be presented at the ASH Annual Meeting [3] Group 4: Product Information - Fruquintinib is a selective oral inhibitor of VEGFRs, co-developed by HUTCHMED and Eli Lilly, marketed as ELUNATE in China [4] - HMPL-A83 is a humanized anti-CD47 monoclonal antibody that disrupts cancer cells' immune evasion [5] - Savolitinib is a selective MET tyrosine kinase inhibitor developed by AstraZeneca and HUTCHMED, marketed as ORPATHYS [6] - Surufatinib is an oral angio-immuno kinase inhibitor marketed as SULANDA in China [7] - Sovleplenib is a selective small molecule inhibitor targeting Syk, with potential applications in B-cell lymphomas [8]
Hydreight Reports 132% YoY Revenue Increase in Q3 2025 and Fourth Consecutive Quarter of Profitability, Highlighting Strong Multi-Vertical Performance
Globenewswire· 2025-11-26 23:25
Core Insights - Hydreight Technologies Inc. reported significant financial growth in Q3 2025, with a focus on expanding its VSDHOne platform and achieving strategic objectives for 2026 [1][5][10] Financial Performance - For the first nine months of 2025, topline revenue reached CAD 26.71 million, a 61% increase year-over-year, while GAAP revenue was CAD 20.44 million, up 70% [5][7] - Q3 2025 topline revenue was CAD 12.83 million, marking a 110% increase compared to Q3 2024, with GAAP revenue at CAD 10.52 million, a 132% increase [5][7] - Q3 2025 gross margin improved to CAD 2.33 million from CAD 1.53 million in Q3 2024, and adjusted EBITDA was CAD 620K, indicating continued operational improvement [5][7] - The company reported a GAAP net income of CAD 362K in Q3 2025, a significant turnaround from a net loss of CAD 90K in Q3 2024 [5][7] Business Development - Hydreight processed approximately 295,000 VSDHOne product orders between July and September 2025, reflecting broad growth across various wellness verticals [5][10] - The nurse network expanded with 198 new sign-ups in Q3 2025, a 49% increase year-over-year, totaling 593 sign-ups in the first nine months of 2025, up 63% from 2024 [5][10] - Pharmacy orders increased by approximately 72% year-over-year, indicating sustained growth and broader adoption of services [5][10] Strategic Initiatives - The company signed a definitive agreement to acquire a 5% equity stake in Perfect Scripts, LLC, with an option to increase to 40%, establishing a strategic partnership [5][10] - Hydreight is actively evaluating profitable multi-state wellness and digital health operators for potential acquisitions to scale nationally through the VSDHOne platform [5][10] - The upcoming release of VSDHOne V2 aims to enhance automation, scalability, and modular functionality for partners nationwide [5][10] Recognition and Awards - Hydreight was recognized as one of Canada's Technology Fast 50™ award winners and ranked 77 among the fastest-growing companies in North America on the 2025 Deloitte Technology Fast 500™ [5][10]
Transgene announces the resume of trading of its shares on Euronext Paris as of the opening of the markets
Globenewswire· 2025-11-26 23:15
Core Points - Transgene has requested the suspension of trading of its shares on Euronext Paris pending the publication of the results of its capital increase, with trading set to resume on 27 November 2025 [1] Company Overview - Transgene is a biotechnology company focused on developing targeted immunotherapies for cancer treatment, with a portfolio of viral vector-based immunotherapeutics [2] - The company's lead asset is TG4050, an individualized therapeutic vaccine based on the myvac® platform, which has shown proof of principle in treating head and neck cancers [2] - Transgene is also developing other viral vector-based assets, including BT-001, an oncolytic virus in clinical development, and is engaged in innovative discovery and preclinical work for novel viral vector-based modalities [2] Technology and Innovation - The myvac® platform allows for the creation of personalized virus-based immunotherapies that encode patient-specific mutations identified through advanced AI technologies [3] - Transgene's proprietary Invir.IO® platform is aimed at designing a new generation of multifunctional oncolytic viruses, leveraging the company's expertise in viral vector engineering [4]
Transgene Successfully Completes a Fundraising of c. €105 Million
Globenewswire· 2025-11-26 22:33
Core Points - Transgene successfully raised approximately €105 million through a fundraising initiative involving private placements and retail offerings at a price of €1.02 per share [1][6][10] - The funds will primarily support the development of the myvac® platform, which focuses on individualized therapeutic vaccines for cancer treatment [4][5][7] - The fundraising included participation from specialized healthcare investors and existing shareholders, indicating strong institutional interest [2][21] Fundraising Details - The fundraising consisted of a private placement and a public offering via the PrimaryBid platform, with a total of 141,433,349 new ordinary shares issued, representing 106.5% of the company's current share capital [9][10] - The subscription price of €1.02 per share reflects a 25% discount compared to the closing price prior to the fundraising [10] - A reserved capital increase of €39,262,015.44 was also conducted for TSGH, utilizing amounts advanced under a current account advance agreement [3][12] Use of Proceeds - Approximately 70% of the net proceeds will be allocated to accelerate the myvac® program, including ongoing Phase 2 trials and the launch of new indications [7][5] - About 20% will be directed towards R&D costs related to the myvac® program and other clinical trials [7] - The remaining funds will cover general administrative expenses and recurring cash consumption [7] Expected Milestones - Key milestones include the completion of the ongoing Phase 2 trial in head and neck cancers, with results anticipated by late 2027 or early 2028 [4][15] - The company plans to launch a Phase 1 trial in a new indication and prepare for pivotal trials by the end of 2027 [15][4] Share Capital and Ownership Structure - Post-fundraising, the company's share capital will amount to €82,256,012.70, divided into 274,186,709 ordinary shares [18] - TSGH will hold 78.29% of the capital, while SITAM Belgium will hold 3.55%, with other shareholders comprising 18.16% [18][21] Trading and Regulatory Information - Trading of Transgene's shares on Euronext Paris was suspended during the fundraising and is set to resume on November 27, 2025 [23][24] - The new shares will be fungible with existing shares and will carry the same rights [25]
Liberty Gold Receives Completeness Determination for the Mine Plan of Operations at its Black Pine Gold Project, Idaho
Globenewswire· 2025-11-26 22:30
Core Viewpoint - Liberty Gold Corp. has achieved a significant permitting milestone with the U.S. Forest Service and Bureau of Land Management deeming the Mine Plan of Operations for the Black Pine Oxide Gold Project as "Administratively Complete," allowing the project to advance through the federal permitting process [1]. Permitting Milestones - The completeness determination confirms that the Black Pine Mine Plan of Operations meets federal requirements to progress to the next stage of the permitting process [4]. - The Mine Plan outlines mining, processing, environmental protection measures, and reclamation activities based on the Preliminary Feasibility Study [4]. - A collaborative permitting approach was established with multiple agencies, including the USFS, BLM, and Idaho state departments, under a Memorandum of Understanding executed in February 2025 [4]. Environmental Impact Study - Stantec has been appointed as the independent third-party contractor to prepare the Environmental Impact Study (EIS) for the Black Pine Project [4]. - Extensive environmental baseline studies have been completed to inform key sections of the EIS document [4]. - The EIS will evaluate potential environmental and socio-economic effects, including water resources, air quality, wildlife, and cultural resources, over a 24-month period [4]. Next Steps - The USFS and BLM will publish a Notice of Intent in the Federal Register to initiate the NEPA review process, which includes stakeholder engagement and drafting of the EIS [4]. - The company is advancing state-level permits in parallel, focusing on water rights, air quality, mine reclamation, and cyanidation permits [4]. - These efforts align with Idaho's Strategic Permitting, Efficiency, and Economic Development Act, aimed at enhancing project permitting efficiency [4]. Company Overview - Liberty Gold is focused on developing open-pit oxide deposits in the Great Basin, a prolific gold-producing region [5]. - The Black Pine Project is a past-producing gold system with significant resource potential and strong economic viability [5].
American Lithium Reports Results of Annual General Meeting
Globenewswire· 2025-11-26 22:24
Core Points - American Lithium Corp. held its Annual General Meeting of Shareholders in Vancouver, where all nominees for the Board of Directors were elected with significant support [1][2][3] - Shareholders approved the number of directors to be fixed at six, the appointment of Davidson & Company LLP as the auditor, and the re-approval of the Company's omnibus incentive plan [2][3] Voting Results - The voting results for the election of the Board of Directors showed high approval rates, with Andrew Bowering receiving 98.77% of votes for, and Claudia Tornquist receiving 93.26% [1] - The number of directors was approved with 97.72% of votes for, while the appointment of auditors received 97.46% approval [3] Company Overview - American Lithium is developing two major lithium projects and the largest undeveloped uranium project in Latin America, including the TLC claystone lithium project in Nevada and the Falchani hard rock lithium project in Peru [4]
Springview Announces 1-for-8 Reverse Share Split Effective December 2, 2025
Globenewswire· 2025-11-26 22:15
Singapore, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Springview Holdings Ltd (Nasdaq: SPHL) ("SPHL" or "we," "our," or the "Company"), a leading designer and builder of residential and commercial properties in Singapore, today announced that on November 24, 2025, its board of directors approved a reverse split of its Class A ordinary shares on a one-for-eight basis (the “Reverse Share Split”), and a change in par value of its Class A ordinary shares from US$0.0001 to US$0.0008. The Company’s Class B ordinary shares ...
Flow Capital Announces 2025 Normal Course Issuer Bid For Common Shares
Globenewswire· 2025-11-26 22:13
Core Viewpoint - Flow Capital Corp. intends to initiate a normal course issuer bid (NCIB) to repurchase up to 2,115,988 common shares, representing approximately 10% of the public float, to enhance shareholder value [1][3]. Group 1: NCIB Details - The NCIB will commence on December 2, 2025, and will end upon the earliest of purchasing the specified shares, termination notice, or December 1, 2026 [2]. - The company has engaged Ventum Financial Corp. as the broker for the NCIB, with purchases made from existing working capital at market prices plus brokerage fees [4]. - An automatic purchase plan (APP) has been established with the broker to guide the timing and parameters of share purchases under the NCIB [5]. Group 2: Company Insights - The company believes that the market price of its common shares does not always reflect its underlying value and prospects, making share repurchase a suitable use of financial resources [3]. - In the previous NCIB that started on December 2, 2024, the company purchased 1,226,500 common shares at an average price of $0.7372 per share, totaling $904,160 [6]. - Flow Capital Corp. is a provider of flexible growth and alternative capital solutions, focusing on supporting high-growth companies in the US, UK, and Canada since its inception in 2018 [8].