Datavault AI Licenses Patents Covering Digital Ledger-Enabled Smart Contracts for Commercial Prescription Drug Distribution Industry to Wellgistics Health
Globenewswire· 2025-11-25 21:07
Core Insights - Wellgistics is positioned to lead in the Web 3.0 Health Information Data Transfer within the $634 billion prescription drug industry through an exclusive licensing agreement with Datavault AI [1][2][6] - The implementation of Wellgistics' EinsteinRx AI hub is expected to optimize automated prescription fulfillment for various stakeholders including manufacturers, pharmacies, and patients [1][4][6] - Datavault's intellectual property enables smart contracts that create a barrier to entry in the $4.9 trillion US healthcare market [1][2] Company Overview - Wellgistics Health, based in Tampa, Florida, specializes in optimizing medication delivery from manufacturers to patients, connecting over 6,500 pharmacies and 200 manufacturers [3][9] - The PharmacyChain initiative aims to digitize the tracking of prescription drugs, ensuring accurate delivery and recommendations for safe use [3][5] Technology and Innovation - The completion of the EinsteinRx AI hub integrates Wellgistics' IT and physical infrastructure, enhancing the efficiency of prescription fulfillment and reducing costs associated with pharmacy benefits managers (PBMs) [4][5][6] - Wellgistics aims to minimize or eliminate PBM rebates, thereby reducing administrative burdens for payers and improving the overall pharmaceutical distribution process [6][7] Market Potential - PwC estimates a $1 trillion opportunity to shift healthcare spending towards a digital-first, proactive, and personalized system [2] - The integration of smart contracts into Wellgistics' operations is expected to significantly improve cost efficiency in the prescription filling process, benefiting various stakeholders in the healthcare ecosystem [6][7]
Giga Metals Announces Positive Geophysical Results
Globenewswire· 2025-11-25 21:05
Core Insights - Giga Metals Corp. has received results from a Magnetotelluric (MT) geophysical survey at the Turnagain project, indicating potential for copper, platinum, and palladium exploration in the Attic Zone [1][3][5] Geophysical Survey Results - The MT survey effectively defined the geometry of the Turnagain ultramafic complex and revealed previously unknown features, enhancing exploration confidence [3][5] - The resistivity contrast between the ultramafic complex and surrounding sedimentary rocks allows for significant depth mapping [3][5] Future Exploration Plans - Further MT lines are recommended to delineate the intrusive geometry to the northwest and southeast, which will help prioritize drill targets [7] - The geophysical program is funded through recent financing and will continue into Spring 2026 [7] Project Overview - The Turnagain Project, located in northern British Columbia, contains significant undeveloped sulphide nickel and cobalt resources, with additional potential for copper, platinum, and palladium in the Attic Zone [7][8] - The Pre-Feasibility Study for the project was released in October 2023 [7]
Zscaler Reports First Quarter Fiscal 2026 Financial Results
Globenewswire· 2025-11-25 21:05
Core Insights - Zscaler, Inc. reported strong financial results for Q1 FY2026, highlighting robust demand for its Zero Trust and AI Security platform, with Annual Recurring Revenue (ARR) exceeding $3.2 billion, growing over 25% year-over-year [3][6][8] - The company emphasizes the integration of recently acquired technologies to enhance its AI Security offerings, addressing emerging security challenges [3][6] Financial Performance - Revenue increased by 26% year-over-year to $788.1 million [6][7] - ARR grew by 26% year-over-year to $3.204 billion [6][7] - Deferred revenue rose by 32% year-over-year to $2.351 billion [6][7] - GAAP net loss was $11.6 million, an improvement from a loss of $12.1 million in the previous year [6][7] - Non-GAAP net income reached $159.5 million, compared to $124.3 million in the same quarter last year [6][7] Operational Highlights - Cash provided by operations was $448.3 million, representing 57% of revenue, up from 53% in the previous year [7][32] - Free cash flow was $413.3 million, or 52% of revenue, compared to 46% in the prior year [7][32] - The company completed acquisitions of Red Canary and SPLXAI for a total of $692 million, aimed at enhancing its AI security capabilities [6][7][14] Market Position and Strategy - Zscaler's Zero Trust Exchange platform is positioned as a leading solution in cloud security, with a focus on protecting enterprises from cyber threats [3][23] - The company launched new innovations in its Zscaler Digital Experience (ZDX) to improve visibility and performance for IT teams [6][7] - Zscaler has surpassed $1 billion in software sales through the AWS Marketplace, indicating strong market traction [14] Future Outlook - For Q2 FY2026, Zscaler expects revenue between $797 million and $799 million, with non-GAAP income from operations projected at $172 million to $174 million [15][10] - The full-year revenue guidance is set between $3.282 billion and $3.301 billion, with non-GAAP net income per share anticipated to be approximately $3.78 to $3.82 [15][10]
MacroGenics to Participate in the 8th Annual Evercore Healthcare Conference
Globenewswire· 2025-11-25 21:05
Core Viewpoint - MacroGenics, Inc. is actively participating in the 8th Annual Evercore Healthcare Conference, highlighting its focus on innovative antibody-based therapeutics for cancer treatment [1]. Company Overview - MacroGenics is a biopharmaceutical company dedicated to developing monoclonal antibody-based therapeutics specifically for cancer treatment [3]. - The company utilizes proprietary next-generation antibody-based technology platforms to generate its pipeline of product candidates, which have broad therapeutic applications [3]. - MacroGenics has established several strategic collaborations with global pharmaceutical and biotechnology companies, leveraging its technology platforms and protein engineering expertise [3].
Critical Metals Corp Provides an Update on the Wolfsberg Lithium Project
Globenewswire· 2025-11-25 21:05
Core Viewpoint - The Federal Administrative Court of Austria has overturned a previous decision by the Carinthian state government regarding the environmental impact assessment (EIA) requirement for the Koralpe Lithium Mining project, indicating that the project must be reassessed without the 10-hectare threshold due to incompatibility with EU law [1][5]. Group 1: Legal and Regulatory Developments - The Federal Administrative Court accepted the argument that the Koralpe Lithium Mining project does not exceed the 10-hectare threshold for EIA under Austrian law, but mandated a case-by-case review for potential significant environmental impacts [2][3]. - The court has granted leave to appeal its decision to the Administrative Court of Justice, highlighting the lack of existing case law on the compatibility of Austrian regulations with European requirements [4]. Group 2: Company Overview and Strategic Position - Critical Metals Corp. is a leading mining development company focused on critical metals and minerals, essential for electrification and next-generation technologies in Europe [6][8]. - The company's flagship project, Tanbreez, is one of the largest rare earth deposits globally, located in Southern Greenland, with year-round shipping access [6]. - The Wolfsberg Lithium Project, located in Carinthia, Austria, is the first fully permitted lithium mine in Europe, strategically positioned to become a major producer of lithium products for the European market [7].
Workhorse Shareholders Approve Merger with Motiv Electric Trucks
Globenewswire· 2025-11-25 21:05
Core Viewpoint - Workhorse Group, Inc. has received shareholder approval for its merger with Motiv Electric Trucks, marking a significant step towards creating a leader in the medium-duty electric vehicle market [1][2]. Company Overview - Workhorse Group, Inc. is focused on the transition to zero-emission commercial vehicles, designing and building vehicles in the U.S. for last-mile delivery and medium-duty operations [3]. Merger Details - The merger with Motiv is expected to close in the coming weeks, pending customary closing conditions, including new debt financing and Nasdaq approval [2]. - The merger aims to combine two innovators in the medium-duty electric vehicle space, enhancing service to a blue-chip customer base [2]. Future Outlook - The CEO of Workhorse expressed optimism about the merger, highlighting the potential benefits for shareholders from the combined company's growth [2].
Ambarella, Inc. Announces Third Quarter Fiscal Year 2026 Financial Results
Globenewswire· 2025-11-25 21:05
Core Insights - Ambarella, Inc. reported record quarterly revenue of $108.5 million for Q3 FY2026, representing a 31.2% increase from $82.7 million in the same period of FY2025 [4][6] - The company anticipates revenue growth guidance for FY2026 to be between 36% and 38%, up from the previous estimate of 31% to 35% [4] - Non-GAAP net profit for Q3 FY2026 was $11.9 million, or $0.27 per diluted share, compared to a non-GAAP net profit of $4.6 million, or $0.11 per diluted share, in Q3 FY2025 [6][18] Financial Performance - Total cash, cash equivalents, and marketable debt securities at the end of Q3 FY2026 were $295.3 million, an increase from $261.2 million in the previous quarter and $226.5 million year-over-year [3] - GAAP net loss for Q3 FY2026 was $15.1 million, or a loss of $0.35 per diluted share, an improvement from a net loss of $24.1 million, or a loss of $0.58 per diluted share, in Q3 FY2025 [6][18] - Gross margin under GAAP for Q3 FY2026 was 59.6%, slightly down from 60.6% in Q3 FY2025 [6] Market Outlook - The company is optimistic about the rising demand for edge AI applications, which is expected to drive future revenue growth [4] - Ambarella's products are utilized in various edge AI applications, including video security, advanced driver assistance systems, and autonomous driving [8] - The company is focused on sustaining its edge AI R&D investment to capitalize on new product cycles and increasing average selling prices [4]
O-I Glass to Present at Citi's 2025 Basic Materials Conference
Globenewswire· 2025-11-25 21:05
Company Participation - O-I Glass, Inc. will participate in Citi's 2025 Basic Materials Conference on December 3, 2025 [1] - The presentation will be led by CEO Gordon Hardie and CFO John Haudrich at 11:30 a.m. ET [1] Webcast Information - A live webcast of the presentation will be available at a specified link and on the Company's Investor Relations website [2] - The replay of the presentation will be accessible within 24 hours and archived for 90 days [2] Company Overview - O-I Glass is a leading producer of glass bottles and jars globally, emphasizing the sustainability of glass as a packaging material [3] - The company is headquartered in Perrysburg, Ohio, and employs approximately 21,000 people across 69 plants in 19 countries [3] - O-I Glass achieved revenues of $6.5 billion in 2024 [3]
Abacus Global Management Announces Timing of Inaugural Dividend Distribution
Globenewswire· 2025-11-25 21:05
Core Viewpoint - Abacus Global Management has announced its inaugural annual cash dividend of $0.20 per share, reflecting confidence in its business sustainability and a commitment to shareholder returns [2][3]. Dividend Announcement - The annual cash dividend of $0.20 per share will be payable on December 17, 2025, to shareholders of record as of December 2, 2025 [2]. - This dividend represents a distribution of up to 25% of adjusted net income or up to 55% of recurring revenue, as per the company's capital allocation framework [2]. Management Commentary - The introduction of an annual dividend is seen as a significant milestone for the company, indicating strong cash generation and growing fee-based revenues [3]. - The dividend will be funded through cash on hand and free cash flow, supporting the company's disciplined capital allocation strategy [3]. Dividend Policy - Abacus has adopted a dividend policy aimed at balancing consistent shareholder returns with strategic growth investments [7]. - The Board of Directors will evaluate opportunities for capital return through dividends based on factors such as operating cash flow, capital requirements, and strategic investment opportunities [8]. Flexibility in Dividend Declarations - The policy allows the Board to declare dividends while maintaining adequate liquidity for portfolio origination and business expansion [9]. - Specific dividend declarations will remain at the Board's discretion, influenced by business conditions [9]. Company Overview - Abacus Global Management specializes in alternative asset management, data-driven wealth solutions, and technology innovations [10]. - The company focuses on longevity-based assets and personalized financial planning, leveraging proprietary data analytics and industry expertise [10].
Aardvark Therapeutics to Present at Upcoming Investor Conferences in December
Globenewswire· 2025-11-25 21:05
Core Insights - Aardvark Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing small-molecule therapeutics aimed at treating metabolic diseases, particularly through the activation of innate homeostatic pathways [2] Company Overview - Aardvark is developing novel therapeutics designed to suppress hunger, specifically targeting conditions like Prader-Willi Syndrome (PWS) and other metabolic diseases [2] - The lead compound, ARD-101, is currently in Phase 3 clinical development for hyperphagia associated with PWS and is also being studied for hypothalamic obesity [2] - Aardvark is also working on ARD-201, a fixed-dose combination of ARD-101 with a DPP-4 inhibitor, to address limitations of existing GLP-1 therapies for obesity and related conditions [2] Upcoming Events - Aardvark will present at the Piper Sandler 37th Annual Healthcare Conference in New York on December 3 at 8:00 a.m. ET [4] - The company will also present at the Evercore ISI 8th Annual Healthcare Conference in Miami on December 4 at 11:15 a.m. ET [4] - Live webcasts of these presentations will be available on the company's website, with archived recordings accessible for approximately one month [1]