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GDEV announces results for the third quarter and first nine months of 2025
Globenewswire· 2025-11-24 13:00
Core Viewpoint - GDEV Inc. reported a decline in revenue for Q3 2025, primarily due to reduced consumer spending, while achieving a significant increase in profit and adjusted EBITDA compared to the same period in 2024 [3][9]. Financial Performance Summary - Revenue for Q3 2025 was $98 million, a decrease of 12% from $111 million in Q3 2024 [2][9]. - Platform commissions fell by $3 million (13%) to $21 million in Q3 2025 compared to Q3 2024 [4]. - Game operation costs remained stable at $14 million in Q3 2025, slightly up from $13 million in Q3 2024 [4]. - Selling and marketing expenses decreased significantly by 43% to $30 million in Q3 2025 from $52 million in Q3 2024 [5][9]. - General and administrative expenses were stable at $8 million in Q3 2025, compared to $7 million in Q3 2024 [6]. - Profit for the period, net of tax, increased to $24 million in Q3 2025 from $15 million in Q3 2024, marking a 66% increase [7][9]. - Adjusted EBITDA rose to $26 million in Q3 2025, up from $17 million in Q3 2024, representing a 50% increase [7][9]. - Cash flows from operating activities were positive at $15 million in Q3 2025, compared to $12 million in Q3 2024, reflecting a 24% increase [8]. Operational Performance Summary - Total bookings in Q3 2025 were $90 million, down 4% from $93 million in Q3 2024 [10]. - Bookings from in-app purchases decreased by 3% to $85 million in Q3 2025, while bookings from advertising fell by 18% to $5 million [10]. - Monthly paying users (MPU) decreased by 16% to 263,000 in Q3 2025 compared to 314,000 in Q3 2024 [10]. - Average Booking Per Paying User (ABPPU) increased by 16% to $107 in Q3 2025 from $92 in Q3 2024 [10]. - The share of advertising as a percentage of total bookings decreased to 6.0% in Q3 2025 from 7.1% in Q3 2024 [11]. - The split of bookings by platform showed a decrease in mobile share to 59% and an increase in PC share to 41% in Q3 2025 compared to the same period in 2024 [12]. - Geographically, the share of bookings from the US decreased to 32%, while Europe increased to 34% in Q3 2025 compared to Q3 2024 [13].
Kodak Unveils Smart Digital Frame Designed to Preserve Family Memories
Globenewswire· 2025-11-24 13:00
Core Viewpoint - Kodak introduces two flagship Wi-Fi smart digital frames, the 10.1-inch RWF-109V and the 14.1-inch RWF-141, designed to bridge the gap between digital photos and physical displays, enhancing the way memories are shared and appreciated [1][10]. Product Features - Both models come with 64GB of internal storage, capable of holding tens of thousands of photos, and utilize the Kodak Digital Frame App for real-time sharing and preservation of memories [4][8]. - The smart frames support simultaneous photo and music playback, along with calendar, clock, and weather features, making them multifunctional home centerpieces [5]. - The RWF-141 features a 1920×1080 Full HD display, while the RWF-109V offers a 1920×1200 high-resolution display, providing bright visuals and responsive touch capabilities [6]. - The RWF-141 has a solid wood frame, while the RWF-109V features a selected metal frame, both designed to complement various interior styles [7]. User Experience - The adjustable stand and automatic brightness adjustment enhance usability, making the frames suitable for all ages [6]. - Users can create pre-set greeting cards through the Kodak Digital Frame App, allowing the frames to serve as thoughtful gifts for various occasions [9]. Brand Philosophy - Kodak emphasizes that technology should carry emotions and memories, ensuring that photos are not just stored but actively displayed and cherished in everyday life [2][11].
LB Pharmaceuticals Announces Presentation at the Piper Sandler 37th Annual Healthcare Conference
Globenewswire· 2025-11-24 13:00
Core Insights - LB Pharmaceuticals Inc will present at the Piper Sandler 37th Annual Healthcare Conference on December 3, 2025, at 9:30 a.m. ET [1] - A live webcast of the presentation will be available on the Company's website [2] Product Development - LB-102 is a Phase 3-ready oral small molecule and a methylated derivative of amisulpride, showing statistically significant benefits in a Phase 2 trial for acute schizophrenia [3] - The Phase 2 trial demonstrated a potentially class-leading safety profile among D2 antagonists and partial agonists, with positive effects on negative symptoms and cognition [3] - LB-102 is advancing into a Phase 3 clinical trial for acute schizophrenia and a Phase 2 clinical trial for bipolar depression, with potential expansion into major depressive disorder, Alzheimer's disease psychosis, and other conditions [3] Company Overview - LB Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing novel therapies for schizophrenia, bipolar depression, and other neuropsychiatric diseases [4] - The Company aims to leverage the therapeutic potential of LB-102, which could become the first benzamide antipsychotic drug approved for neuropsychiatric disorders in the U.S. [4] - If approved, LB-102 has the potential to be a mainstay in psychiatric practice, offering an attractive alternative to existing treatments [4]
IP Strategy Announces Availability of Investor Day 2025 Materials
Globenewswire· 2025-11-24 13:00
Core Insights - IP Strategy is the first Nasdaq-listed company to operate a digital asset treasury strategy centered on the $IP token, providing investors with exposure to the programmable intellectual property economy valued at $80 trillion [3] - The company held its inaugural Investor Day 2025, where it discussed its growth strategy and the convergence of AI, blockchain, and intellectual property [2][3] - Story, the blockchain network supporting the $IP token, has received $136 million in backing and launched its mainnet in February 2025, enabling the monetization of intellectual property in real time [5] Company Overview - IP Strategy operates a revenue-generating validator for the Story network and holds $IP tokens as a primary reserve asset [3] - The company aims to provide public market investors with a regulated equity format to participate in the Story ecosystem, which facilitates on-chain registration, licensing, and monetization of intellectual property [3] Industry Context - The Story network is described as an AI-native blockchain that makes intellectual property programmable and traceable, allowing creators to turn various forms of content into legally enforceable digital assets [5] - The convergence of AI, blockchain, and intellectual property is seen as a significant trend shaping a new investable asset class [2]
ScanTech AI Systems Signs Term Sheet for $20 Million Financing with ARC Group to Enhance Liquidity and Strategic Flexibility
Globenewswire· 2025-11-24 13:00
Atlanta, GA, Nov. 24, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a developer of advanced AI-powered security screening and imaging systems, today announced that it has entered into a non-binding term sheet with ARC Group International Ltd. (“ARC Group”) for a proposed $20 million subordinated convertible note facility financing (the “Proposed Financing”). The Company believes that this prospective financing will complement and operate alongside the Com ...
SEALSQ Appoints Dr. Ballester Lafuente as Chief of Staff and Group AI Officer
Globenewswire· 2025-11-24 13:00
Core Insights - SEALSQ Corp has appointed Dr. Ballester Lafuente as Chief of Staff and Group AI Officer to enhance the integration of artificial intelligence across its operations and product lines [1][3][8] - Dr. Lafuente's role will focus on driving operational efficiency, innovation, and smarter processes within the company's semiconductor, PKI, IoT, satellite, and post-quantum technology sectors [3][8] - The company aims to leverage Dr. Lafuente's expertise in AI and digital innovation to scale operational excellence and enhance product offerings, positioning itself as a leader in trusted, quantum-resistant digital infrastructures [8][9] Company Overview - SEALSQ specializes in developing and selling semiconductors, PKI, and post-quantum technology hardware and software products [1][9] - The company is pioneering post-quantum semiconductors designed to provide robust protection against quantum computing threats, addressing urgent security challenges in various applications [9][10] - SEALSQ's technology integrates semiconductors with quantum-resistant cryptography, ensuring organizations remain secure against evolving quantum threats [10] Leadership Background - Dr. Ballester Lafuente previously served as Head of IT Innovation at IMD, where he led technology innovation strategy and AI platforms [4] - His experience includes roles at the EPFL Center for Digital Trust and co-founding MobileThinking SARL, focusing on digital trust and cybersecurity initiatives [5][6] - Dr. Lafuente holds advanced degrees in Management Information Systems, Security and Mobile Computing, and Computer Science, equipping him with a strong foundation for his new role [7]
Akebia Therapeutics to Present at the Piper Sandler 37th Annual Healthcare Conference
Globenewswire· 2025-11-24 13:00
Core Viewpoint - Akebia Therapeutics, Inc. will participate in the Piper Sandler 37th Annual Healthcare Conference, highlighting its commitment to addressing kidney disease [1][2]. Company Overview - Akebia Therapeutics is a biopharmaceutical company focused on improving the lives of individuals affected by kidney disease, founded in 2007 and headquartered in Cambridge, Massachusetts [3]. - The company is fully integrated, indicating a comprehensive approach to its biopharmaceutical endeavors [3]. Event Details - The Fireside Chat featuring Akebia's executive team is scheduled for December 2, 2025, at 4:30 PM EST [1]. - The Piper Sandler Healthcare Conference will occur from December 2-4, 2025, in New York City [2]. - A webcast of the presentation will be available on Akebia's website under the "Investors" section [2].
Applied Digital Completes Phase II Ready for Service at Polaris Forge 1, Fully Energizing First 100 MW Building
Globenewswire· 2025-11-24 13:00
Second 50 MW Phase Delivered on Time, Bringing Energized Capacity to 100 MW and Advancing Applied Digital’s AI Factory Campus Toward 400 MWDALLAS, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Applied Digital (NASDAQ: APLD) today announced the successful and on-time Ready for Service (RFS) for the second phase (50 MW) at the first 100 megawatt (MW) building at Building 1 of its Polaris Forge 1 AI Factory Campus in Ellendale, North Dakota. After achieving this milestone, Building 1 now operates at its full 100 MW critic ...
American Rebel Holdings, Inc. (NASDAQ: AREB) Receives Nasdaq Panel Determination Confirming Compliance with Minimum Stockholders’ Equity Requirement
Globenewswire· 2025-11-24 13:00
Core Viewpoint - American Rebel Holdings, Inc. has successfully met the Nasdaq Listing Rule 5550(b)(1) by achieving stockholders' equity of $3,378,257, thus remaining compliant and listed on The Nasdaq Capital Market [1][2]. Compliance Confirmation - The Nasdaq Hearings Panel confirmed compliance on November 21, 2025, following the Company's filing of its Quarterly Report on Form 10-Q for the period ended September 30, 2025 [2][5]. - The compliance determination was based on the Company's stockholders' equity exceeding the required $2.5 million threshold [2][5]. CEO Commentary - The CEO of American Rebel expressed that the compliance notice is a significant milestone for the Company and its stockholders, emphasizing the importance of a Nasdaq listing for liquidity and investor base expansion [3]. - The CEO acknowledged the support from Nasdaq, strategic partners, and stockholders during the compliance process, indicating a focus on long-term value creation moving forward [3]. Monitoring Period - Following the compliance confirmation, the Company will enter a mandatory one-year monitoring period, during which any future non-compliance will lead to immediate delisting without additional cure periods [5][6]. Improvement in Stockholders' Equity - The Company has shown significant improvement in stockholders' equity, moving from a deficit of approximately $(8.0) million as of March 31, 2025, to a positive equity of $3,378,257 by September 30, 2025, reflecting an improvement of roughly $11.4 million [11]. - This improvement is attributed to a series of strategic initiatives executed throughout 2025 to strengthen the balance sheet [7][8]. Company Overview - American Rebel Holdings, Inc. is a patriotic lifestyle brand that has expanded from designing and marketing branded safes to include products like American Rebel Light Beer, apparel, and accessories [9]. - The Company aims to grow within the premium light lager segment across the United States, leveraging experienced distribution partners [9].
NANO Nuclear Announces 1 GW Feasibility Study with BaRupOn LLC., a Technology-Driven American Manufacturing Company
Globenewswire· 2025-11-24 13:00
Core Insights - NANO Nuclear Energy Inc. has signed a Feasibility Study Agreement with BaRupOn LLC to evaluate the deployment of multiple KRONOS MMR units to generate 1 GW of nuclear energy at the Liberty American Multi-Sourced Power and Innovation Hub in Texas [1][3][4] - The feasibility study will assess power demand, reactor integration, and site suitability for the KRONOS MMR units [2][6] - BaRupOn anticipates a significant power squeeze due to increasing compute demand, particularly from the tech industry, and is willing to co-invest in the construction of NANO Nuclear's microreactors [3][4] Company Overview - NANO Nuclear is focused on developing advanced nuclear micro modular reactors and clean energy solutions, positioning itself as a key player in the North American advanced reactor market [1][14] - The KRONOS MMR is a high-temperature, gas-cooled microreactor designed for modular deployment, capable of powering large industrial campuses and data centers [7][8] - The collaboration with BaRupOn is seen as a strategic opportunity to address the growing energy needs of high-energy-intensive sectors, particularly in the context of AI and data centers [4][8] Industry Context - The demand for electricity in the tech industry, especially for high-performance computing and data centers, is expected to double within the decade, creating a need for reliable, emission-free power sources [8][21] - The LAMP hub is designed to support advanced manufacturing and AI data centers, highlighting the intersection of energy development and technological innovation [6][13] - The feasibility study represents a significant milestone in NANO Nuclear's roadmap for commercial deployment and could lead to further multi-reactor agreements across the U.S. [11]