NANOBIOTIX Provides Business Update and Reports Full Year 2025 Financial Results
Globenewswire· 2026-03-31 20:15
Global development program for JNJ-1900 (NBTXR3) proceeded as planned, building toward opportunity to address one of the largest untapped markets in oncology through lead programs in head and neck cancer and lung cancerClinical results reported across multiple tumor types including esophageal cancer, pancreatic cancer, melanoma, head and neck cancer, and lung cancer that supported the broad potential of JNJ-1900 (NBTXR3) across solid tumors treated with radiotherapy next to the completion of the transfer of ...
Scripps completes sale of WRTV in Indianapolis to Circle City Broadcasting
Globenewswire· 2026-03-31 20:15
CINCINNATI, March 31, 2026 (GLOBE NEWSWIRE) -- The E.W. Scripps Company (NASDAQ: SSP) closed today on the sale of WRTV, its ABC-affiliated station in Indianapolis, to Circle City Broadcasting for $83 million. The WRTV sale follows Scripps’ recent completion of the sale of WFTX, its Fox-affiliated station in Fort Myers, Florida, to Sun Broadcasting for $40 million. Combined, the two transactions generated $123 million in cash proceeds, which the company says will be used toward debt paydown and the purchase ...
Edible Garden Reports 2025 Results — Accelerates Planned Expansion into Higher-Margin Ready-to-Drink (RTD) and Shelf-Stable CPG Platform
Globenewswire· 2026-03-31 20:15
Core Insights - Edible Garden AG Incorporated is strategically evolving from its core controlled environment agriculture (CEA) platform into a broader consumer packaged goods (CPG) business, focusing on higher-margin opportunities [5][7][20] - The company is expanding its distribution network and product offerings, particularly in the ready-to-drink (RTD) category, which is projected to grow significantly in the coming years [7][20] Financial & Operating Highlights - For the three months ended December 31, 2025, revenue was approximately $4.1 million, a slight increase from $3.9 million in the same period in 2024, supported by new account launches [9] - The cost of goods sold for the same period was approximately $5.3 million, up from $3.8 million in 2024, primarily due to onboarding new customers during a peak season [10] - Gross profit for the quarter was approximately $(1.2) million, compared to $0.0 million in 2024, reflecting a gross margin of approximately -29% [11] - Selling, general and administrative expenses increased to approximately $4.6 million for the quarter, up from $2.6 million in 2024, driven by investments in personnel and infrastructure [12] Year-End Financial Overview - For the year ended December 31, 2025, revenue was approximately $12.8 million, down from $13.9 million in 2024, due to a strategic shift away from lower-margin products [13] - The cost of goods sold for the year was $13.0 million, an increase of 12.7% from $11.5 million in 2024, driven by elevated procurement and logistics costs [14] - Gross profit for the year was $(0.2) million, a decrease of $2.5 million from $2.3 million in 2024, with a gross margin decline to (1.6%) from 16.7% [15] - Selling, general and administrative expenses rose by 34.6% to $15.6 million for the year, compared to $11.6 million in 2024, with significant contributions from depreciation, rent, and professional fees [16] Strategic Initiatives - The company is focusing on expanding into the RTD category, leveraging its sustainable manufacturing infrastructure and established retail relationships [7][20] - A strategic partnership with Tetra Pak is planned to enhance processing capabilities for RTD products, aiming to meet growing consumer demand for clean-label nutrition [7] - The global RTD market is valued at approximately $842.5 billion in 2025 and is projected to reach roughly $1.26 trillion by 2033, presenting a significant growth opportunity for the company [7]
Banzai Reports Fourth Quarter and Full Year 2025 Financial Results
Globenewswire· 2026-03-31 20:10
Core Insights - Banzai International, Inc. reported a significant revenue growth of 169% for the full year 2025, reaching $12.2 million, and a 116% increase in Q4 2025 revenue compared to Q4 2024, amounting to $2.8 million [1][2][3] Financial Performance - Q4 2025 gross profit was $2.3 million, reflecting a 148% increase from Q4 2024, with a gross margin of 81.9%, up from 71.3% in the same quarter of the previous year [2][11] - For FY 2025, gross profit reached $10.0 million, a 221% increase from FY 2024, with a gross margin of 82.0%, compared to 68.6% in FY 2024 [2][14] - The net loss for Q4 2025 improved to ($5.0) million from ($7.9) million in Q4 2024, while the full year net loss improved by 29% to ($22.5) million from ($31.5) million in FY 2024 [2][15] Strategic Acquisitions - The company signed a Letter of Intent to acquire the assets of ConnectAndSell, which had an unaudited revenue of $14.7 million in FY 2025 and gross margins of 86%, which is expected to more than double Banzai's annual revenue and enhance its AI platform capabilities [2][7] - Banzai also acquired the assets of Superblocks, an agentic AI platform, to further develop its marketing technology offerings [7] Customer Base and Market Position - Banzai's customer base includes over 150,000 total customers as of December 31, 2025, indicating strong market penetration and customer engagement [2][4] - The company is focusing on mid-market and enterprise customers, which has contributed to its revenue growth and improved gross margins [4] Balance Sheet Improvements - The company reduced its debt by $3.8 million compared to the previous quarter, with total debt repayments of $32.7 million since September 2024 [2][5] - Stockholders' equity increased to $8.1 million as of December 31, 2025, an increase of $10.8 million compared to the previous year [2][6] Future Outlook - Banzai aims to deepen relationships with enterprise and mid-market customers while continuing to invest in AI capabilities to enhance customer value [8][9] - The company maintains an active pipeline of potential acquisition opportunities across key industries, leveraging its AI platform for strategic operational acceleration [9]
dLocal to Report First Quarter 2026 Financial Results
Globenewswire· 2026-03-31 20:10
Core Viewpoint - dLocal Limited, a financial technology company, will release its financial results for the first fiscal quarter ended March 31, 2026, on May 14, 2026, after market close [1]. Group 1: Financial Results Announcement - The financial results will be announced on May 14, 2026, after market close [1]. - A conference call and video webcast will be hosted on the same day at 6:00 p.m. Eastern Time [1]. Group 2: Conference Call Details - Investors can pre-register for the conference call to obtain the dial-in number and passcode [2]. - The live conference call will also be accessible via audio webcast on the company's investor relations website [2]. - An archive of the webcast will be available for one year following the conclusion of the conference call [2]. Group 3: Company Overview - dLocal connects global enterprise merchants with billions of consumers in emerging markets across APAC, the Middle East, Latin America, and Africa [3]. - The "One dLocal" concept allows global companies to manage payments, payouts, and fund settlements through a single API, platform, and contract [3].
Trust Stamp provides a comprehensive business briefing for Q1 of 2026 reporting strong progress across multiple business geographies and verticals
Globenewswire· 2026-03-31 20:10
Core Viewpoint - Trust Stamp has made significant progress in Q1 2026 by optimizing expenditures and focusing on revenue-generating projects, leading to multiple new contracts and partnerships across various sectors and regions [1][3]. Group 1: Revenue Generation and Contracts - The company received a Purchase Order for its Irreversibly Transformed Identity Token from a telecommunications company serving hundreds of millions of subscribers across Africa and the Middle East, projected to generate seven-figure annual recurring revenue (ARR) [1]. - Trust Stamp entered its first revenue-generating contract in Japan with Digital Platformer, marking a strategic entry into the Japanese market [1]. - A security guard authentication technology is set to roll out in fifty locations in the US, indicating growth potential in the workforce management sector [1]. - An agreement with IDirect, a long-standing player in the US security industry, is expected to lead to millions of monthly transactions, with potential for a seven-figure ARR engagement [1]. - The company has a successful revenue-generating implementation in the healthcare sector and anticipates scaling its technology further in this vertical [1]. Group 2: Strategic Initiatives and Partnerships - Trust Stamp is exploring opportunities in Nigeria's digital economy, aiming for a first government engagement in 2026 [1]. - Participation in the European Union's IPCEI program for semiconductor technologies could lead to significant public and private funding opportunities [1]. - The onboarding of 100 financial institutions with over $350 billion in assets via FIS has increased the total number of customers implementing the Orchestration Layer to 114 [1]. Group 3: Technology Development and Acquisitions - Continued development of the Wallet of Wallets (WoW) is underway, with plans to launch once legislative clarity is achieved [2]. - The acquisition of lexverify.com enhances the company's capabilities in AI-automated compliance and is expected to generate revenue within the next 12 months [2]. - A 50% ownership interest in thecyberfish.com provides access to advanced cyber resilience training and simulations, with plans for expansion [2]. Group 4: Market Expansion and Intellectual Property - Senior Advisors have been appointed in key markets, structured with revenue-based compensation aiming for seven-figure ARR [2]. - The company has extended its intellectual property portfolio with multiple patents and trademark applications related to authentication technologies [2].
Trust Stamp filed its 10-K for the year ending December 31, 2025 reflecting strong growth in customer enrollments and user completions with a 33.6% year-on-year decrease in Comprehensive Operating Loss
Globenewswire· 2026-03-31 20:10
Core Insights - Trust Stamp has onboarded 100 financial institutions with over $350 billion in assets through FIS, increasing the total number of customers to 114 [1] - Transaction starts for FIS-related institutions rose by 247% year-over-year, while customer completion rates increased by over 30% [1] Financial Performance - Net recognized revenue for the year ended December 31, 2025, was $3.14 million, a 2% increase from $3.08 million in 2024, primarily due to an amendment in a contract with an S&P 500 bank [5] - Total operating expenses decreased by 13% to $10.80 million in 2025 from $12.45 million in 2024 [5] - Comprehensive loss for 2025 was $8.33 million, a 31.8% reduction from $12.5 million in 2024, with basic and diluted net loss per share at $2.67 compared to $11.36 in 2024 [5] - Cash and cash equivalents as of December 31, 2025, were $6.04 million, contributing to total current assets of $7.48 million [5] - Total liabilities decreased to $2.35 million as of December 31, 2025, from $5.41 million in 2024, reflecting the repayment of secured borrowing [5] - Shareholder equity increased by 188% to $8.73 million as of December 31, 2025, from $3.03 million in 2024 [5] Company Overview - Trust Stamp is a global provider of AI-powered services across various sectors, including banking, finance, and healthcare, focusing on reducing fraud and enhancing operational efficiency [2] - The company operates with a diverse team from 22 nationalities across eight countries [3]
BioAtla Announces Share Consolidation
Globenewswire· 2026-03-31 20:06
Core Viewpoint - BioAtla, Inc. is implementing a 50-for-1 share consolidation to increase its stock price and regain compliance with Nasdaq's minimum bid price requirement of $1.00, effective April 6, 2026 [1][2]. Company Actions - The share consolidation will convert every fifty shares of common stock into one share, with no fractional shares issued; stockholders entitled to fractional shares will receive cash equivalent [4]. - The consolidation was approved by stockholders at a special meeting on March 23, 2026, as part of a merger agreement with its wholly-owned subsidiary, BA Merger Sub, Inc. [3]. Impact on Stock and Options - Following the consolidation, the number of shares available under the company's equity incentive plan and employee stock purchase plan will be proportionately reduced, and adjustments will be made to the exercise prices and number of shares for outstanding stock options and warrants [5]. Stockholder Information - Stockholders holding shares electronically will not need to take action to receive post-consolidation shares, while those with shares through brokers will have their positions automatically adjusted [6]. Company Overview - BioAtla is a clinical-stage biotechnology company focused on developing Conditionally Active Biologic (CAB) antibody therapeutics for solid tumors, with a robust pipeline including ADCs and T cell engagers [7]. - The company has over 780 active patent matters, with more than 500 issued patents, covering its CAB platform technology and products [7]. Clinical Pipeline - BioAtla's clinical pipeline includes Ozuriftamab vedotin (CAB-ROR2-ADC) in Phase 3 for OPSCC and Mecbotamab vedotin (CAB-AXL-ADC) in Phase 2 for multiple solid tumor indications [8][13]. - The company is also developing BA3182, a bispecific T cell engager antibody, currently in Phase 1 for advanced adenocarcinoma [10]. Market Opportunity - Ozuriftamab vedotin targets a market opportunity exceeding $7 billion worldwide, particularly for HPV+ cancers, and has received Fast Track Designation from the FDA for treating recurrent or metastatic squamous cell carcinoma of the head and neck [11].
BriaCell and BriaPro Announce Closing of Asset Purchase Transaction for Exclusive Soluble CD80 License
Globenewswire· 2026-03-31 20:05
PHILADELPHIA and VANCOUVER, British Columbia, March 31, 2026 (GLOBE NEWSWIRE) -- BriaCell Therapeutics Corp. (Nasdaq: BCTX, BCTXW, BCTXZ, BCTXL) (TSX: BCT) (“BriaCell”), a clinical-stage biotechnology company that develops novel immunotherapies to transform cancer care, and its majority-owned subsidiary, BriaPro Therapeutics Corp. (“BriaPro”), today announced the completion of the previously announced asset purchase transaction (the “Transaction”) pursuant to a definitive purchase agreement dated February 4 ...
TOMI Environmental Solutions, Inc. Reports Full Year 2025 Financial Results and Outlines Growth Initiatives
Globenewswire· 2026-03-31 20:05
Core Insights - TOMI Environmental Solutions, Inc. reported financial results for the year ended December 31, 2025, highlighting strategic initiatives aimed at long-term growth [1] Financial Results - Sales for 2025 were $5,636,000, a decrease from $7,739,000 in 2024, attributed to customers deferring capital expenditures due to economic uncertainties [5] - Gross profit margin remained strong at approximately 55%, indicating operational efficiency [5] - Operating loss was ($3,854,000) for 2025, compared to a loss of ($4,105,000) in 2024 [5] - Net loss for 2025 was $(3,749,000) or $(0.19) per share, an improvement from a net loss of $(4,477,000) or $(0.22) per share in 2024 [5][25] - Cash and cash equivalents as of December 31, 2025, were $88,000, with working capital of $1.0 million [8] Recent Business Highlights - The company strengthened government relationships, notably being selected by NASA for a biosecurity operation [5] - New customer acquisitions included global CDMOs and prestigious university research groups [5] - Regulatory developments in the food market have expanded applications for SteraMist iHP, particularly in food safety [5] - International revenue increased to approximately 29% of total revenue, up from 21% in the previous year [5] Operational Efficiencies - Total operating expenses were reduced by approximately 10% in 2025 [5] - The company is exploring AI-related technologies to enhance operational efficiency [5] Product Innovation - Continued investment in R&D to expand SteraMist® applications across various sectors, resulting in a more comprehensive product portfolio [5] - SteraMist was recognized as the Disinfection and Decontamination Products Company of the Year 2025 by MedTech Outlook [5] Strategic Validation - A USDA study confirmed the efficacy of BIT against deformed wing virus for agricultural biosecurity in honeybees [5] Liquidity and Capital Access - The company completed a $535,000 convertible note financing to support growth initiatives [8] - An equity line of credit allows the company to sell up to $20,000,000 in common stock over a 24-month period [8] Market Opportunities - The food safety market is projected to grow from $28 million in 2025 to $31 million in 2026 [9] - The global medical device sterilization market is valued at $5.29 billion [10] - The company aims to penetrate the biofuel market and enhance domestic energy security [10] Looking Ahead - The company enters 2026 with strong operational momentum and a sales pipeline valued at $16 million for integration projects and $20 million for SteraMist iHP [11] - Focus on clean manufacturing, AI-enabled automation, and biosecurity to drive sustainable long-term growth [11]