XPENG and the Volkswagen Group Announce Entry into Agreement on Expanding E/E Architecture Technical Collaboration
Globenewswire· 2025-08-15 00:15
Core Viewpoint - XPeng Inc. and Volkswagen Group have expanded their collaboration on Electrical/Electronic (E/E) Architecture, integrating it into both electric and internal combustion engine (ICE) platforms in China, which enhances their strategic partnership and market competitiveness [1][7]. Group 1: Collaboration Details - The Expanded Technical Collaboration aims to accelerate the development of E/E Architecture at "China Speed," allowing for cross-platform and cross-powertrain integration [1][2]. - This collaboration will enable faster software iterations and Over-the-Air (OTA) updates, significantly shortening vehicle development cycles [2][3]. - The joint R&D teams have validated that the E/E Architecture can be adapted for ICE and PHEV platforms, marking a significant milestone in their technical collaboration [3][4]. Group 2: Strategic Implications - The integration of E/E Architecture into Volkswagen's ICE and PHEV platforms will expand the scale of vehicles equipped with this technology in the Chinese market, enhancing product competitiveness [3][7]. - The collaboration reflects mutual trust and a commitment to continuous innovation in smart electric vehicle technologies [4][5]. - Volkswagen Group aims to strengthen its technological leadership in conventional powertrains while reducing costs, which will enhance its economic resilience in a competitive market [5][10]. Group 3: Company Background - XPeng is a leading Chinese smart electric vehicle company focused on developing advanced driver-assistance systems and intelligent operating systems [6][8]. - Volkswagen Group is a major global automobile manufacturer with a diverse portfolio and a commitment to shaping the future of mobility through investments in electric and autonomous vehicles [9][10]. - In 2024, Volkswagen Group delivered 9.0 million vehicles and generated sales revenue of EUR 324.6 billion, indicating its strong market presence [11].
Atlanticus Holdings Corporation Announces Pricing of $400 million Senior Notes Offering
Globenewswire· 2025-08-15 00:00
Core Viewpoint - Atlanticus Holdings Corporation has successfully priced an offering of $400 million aggregate principal amount of 9.750% Senior Notes due 2030, expected to be issued on August 20, 2025, subject to customary closing conditions [1]. Group 1: Offering Details - The offering consists of $400 million in Senior Notes with a 9.750% interest rate, maturing in 2030 [1]. - The proceeds from the offering will be used to repay amounts under recourse warehouse facilities, for general corporate purposes, and to pay fees and expenses related to the offering [2]. Group 2: Regulatory Compliance - The Notes are being offered to "qualified institutional buyers" under Rule 144A and to certain non-U.S. persons outside the United States in accordance with Regulation S [3]. - The Notes and related guarantees have not been registered under the Securities Act and cannot be sold in the U.S. without registration or an exemption [3]. Group 3: Company Overview - Atlanticus Holdings Corporation provides inclusive financial services through proprietary analytics, having serviced over 20 million customers and originated over $44 billion in consumer loans over 25 years [5]. - The company offers various consumer loan products, including retail and healthcare private label credit and general-purpose credit cards, through an omnichannel platform [5].
CORRECTED RELEASE: Amaze Reports Second Quarter 2025 Financial Results with 1,134% Year-Over-Year Revenue Growth
Globenewswire· 2025-08-15 00:00
Core Insights - Amaze Holdings, Inc. reported a significant revenue growth of 1,134% year-over-year, reaching $0.87 million in Q2 2025 compared to $0.07 million in Q2 2024 [2][16] - The company expects sequential revenue growth for the remainder of 2025, driven by improved liquidity and strategic investments [2][11] Financial Performance - Gross profit increased by 1,903% to $0.79 million in Q2 2025 from a loss of $0.04 million in the same period last year [16] - Net loss for Q2 2025 was $5.0 million, or $(3.14) per share, compared to a net loss of $0.88 million, or $(1.30) per share, in Q2 2024 [16][23] - The company had cash of $0.31 million at June 30, 2025, up from $0.16 million at December 31, 2024 [16] Operational Highlights - The company surpassed 200 million lifetime storefront visits and has over 12 million active creators on its platform [7][9] - New partnerships were announced, including collaborations with Alex Caruso, Jamvana, Loaded Dice, Nutrius, and Ghost Gaming [7] - The launch of new integrations like Express Checkout and AI-driven selling tools is aimed at enhancing the creator experience [4] Key Performance Indicators - Gross Merchandise Value (GMV) reached $3.77 million with an Average Order Value (AOV) of $50.00 for the first half of 2025 [8] - The U.S. conversion rate stood at 0.41% of all traffic, indicating the effectiveness of the platform in converting visits to sales [8] Future Outlook - Management anticipates continued revenue growth in Q3 and Q4 2025, with expectations of achieving a temporary profit in Q4 2025/Q1 2026 due to seasonal sales increases [11][12] - The company is focused on enhancing its technology infrastructure and expanding monetization opportunities for creators [5][11]
AppTech Payments Corp. Highlights Q2 2025 Financial and Strategic Developments
Globenewswire· 2025-08-14 23:19
CARLSBAD, Calif., Aug. 14, 2025 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (“AppTech” or the “Company”) (NASDAQ: APCX), a fintech company innovating payment solutions for businesses, today announced financial results for the second quarter ended June 30, 2025. For the three months ended June, the Company reported an operating loss of $1.9 million, or $0.06 per share, compared to an operating loss of $2.9 million, or $0.12 per share, for the same period in 2024. This year-over-year improvement reflects the C ...
VERSES Announces Filing of Quarterly Report on Form 10-Q
Globenewswire· 2025-08-14 23:16
Core Insights - VERSES AI Inc. has filed its Quarterly Report on Form 10-Q for the three months ended June 30, 2025, with the SEC, indicating ongoing compliance and transparency in financial reporting [1] - The company reported its first revenue generated by its flagship product, Genius, just two months after its launch, showcasing early commercial success [2] - The CFO emphasized disciplined cost management and strong customer interest, suggesting a positive outlook as the company scales its operations [2] Financial Performance - The Quarterly Report reflects the company's financial results for the period ending June 30, 2025, highlighting the initial revenue from Genius [2] - The report is accessible on the SEC's website and the company's investor relations site, ensuring stakeholders can review the financial details [3] Company Overview - VERSES AI Inc. is focused on developing next-generation agentic software systems inspired by natural principles, with its flagship product, Genius, designed for reliable predictions and decisions under uncertainty [3] - The company aims to elevate human potential through technology modeled after the wisdom of nature, indicating a strong commitment to innovation in cognitive computing [3]
Malibu Boats, Inc. Announces Earnings Release Date and Conference Call Information for Fourth Quarter and Full-Year Fiscal 2025 Financial Results
Globenewswire· 2025-08-14 23:16
Company Announcement - Malibu Boats, Inc. will release its fourth quarter and full-year fiscal 2025 financial results on August 28, 2025, before the market opens [1] - A conference call to discuss the results will be hosted by CEO Steve Menneto and CFO Bruce Beckman at 8:30 a.m. Eastern Time on the same day [1] Conference Call Details - Investors and analysts can listen to the conference call by dialing (844) 695-5523 or (412) 317-0699 [2] - A live webcast of the conference call will be available on the Investor Relations section of the company's website, with a replay archived for twelve months [2] Company Overview - Malibu Boats, Inc. is a leading designer, manufacturer, and marketer of recreational powerboats, including performance sport, sterndrive, and outboard boats [3] - The company is the market leader in the performance sport boat category through its Malibu and Axis brands and leads the 20' - 40' segment of the sterndrive boat category with its Cobalt brand [3] - Malibu Boats also holds a leading position in the saltwater fishing boat market with brands such as Pursuit, Cobia, Pathfinder, Maverick, and Hewes [3] - The company is recognized as an innovator in the powerboat industry, catering to a diverse range of recreational boaters and water sports enthusiasts [3]
Montage Gold Reports Fatal Accident at Its Koné Project in Côte d’Ivoire
Globenewswire· 2025-08-14 23:02
Core Points - Montage Gold Corp. reported the death of a colleague due to an incident during earthworks at the Koné project in Côte d'Ivoire [1][2] - The company has paused construction activities on August 14, 2025, with plans to resume on August 15, 2025 [3] - Montage Gold is focused on becoming a leading multi-asset African gold producer, with the Koné project expected to have a mine life of 16 years and an annual production of over 300,000 ounces of gold in the first 8 years, with production anticipated to start in Q2-2027 [4] Company Overview - Montage Gold Corp. is a Canadian-listed company with a primary focus on gold production in Africa, particularly through its flagship Koné project in Côte d'Ivoire [4] - The Koné project is highlighted in the Updated Feasibility Study published in 2024, which outlines its significant production capabilities and long-term viability [4] Investigation and Response - A comprehensive internal investigation is underway regarding the incident, which occurred over a kilometer from the employee's assigned work location, and the company will collaborate with local authorities [2]
Carbon Streaming Announces Financial Results for the Three and Six Months Ended June 30, 2025
Globenewswire· 2025-08-14 22:30
Core Viewpoint - Carbon Streaming Corporation reported significant progress in financial sustainability during Q2 2025, achieving its best quarterly operating cash flow and lowest operating expenses since inception, while exploring strategic alternatives to enhance shareholder value [2][19]. Financial Highlights - The company ended Q2 2025 with $37.1 million in cash and no corporate debt, continuing to earn interest income on its cash [5]. - The number of full-time employees was reduced from 24 at the start of 2024 to three by June 2025, with the CEO not receiving a salary and the CFO on a part-time salary [5]. - The company recognized a net loss on revaluation of carbon credit streaming and royalty agreements of $1.5 million, primarily due to a decrease in the fair value of the Amazon Portfolio Royalty [5]. - Operating loss for Q2 2025 was $1.8 million, an improvement from a $3.0 million loss in Q2 2024 [5]. - Adjusted net income for Q2 2025 was $0.6 million, compared to an adjusted net loss of $1.7 million in Q2 2024 [5]. Portfolio Updates - Settlements were reached regarding the Rimba Raya Stream, resulting in $0.7 million in cash and the cancellation of 4,539,180 common shares [8][11]. - The company accepted the abandonment of the Magdalena Bay Blue Carbon Stream project, retaining certain rights for potential future reactivation [11]. - The Amazon Portfolio Royalty counterparties were in arrears on minimum royalty payments, with the company actively pursuing recovery [12]. - Arbitration proceedings were initiated against Will Solutions Inc. regarding the Sustainable Community Stream termination due to non-compliance [13]. Strategic Focus - The company aims to maximize value from its existing portfolio while evaluating strategic options, including acquisitions and partnerships [16]. - Significant reductions in operating expenses have been achieved through employee headcount reduction and renegotiation of vendor agreements [17]. - The company is focused on cash flow optimization and intends to generate cash flow through carbon credit sales over the next year [18].
Akero Therapeutics Announces Lancet Publication of the Phase 2b HARMONY Clinical Trial Demonstrating 96 Weeks Treatment with EFX Reduced Liver Fibrosis in Patients with Pre-cirrhotic MASH
Globenewswire· 2025-08-14 22:30
Core Insights - The publication of the 96-week results from the Phase 2b HARMONY trial indicates the potential of efruxifermin (EFX) to significantly reduce the risk of fibrosis progression in patients with pre-cirrhotic metabolic dysfunction-associated steatohepatitis (MASH) [1][2][3] Company Overview - Akero Therapeutics, Inc. is a clinical-stage company focused on developing treatments for serious metabolic diseases, particularly MASH, which has a high unmet medical need [1][12] - Efruxifermin (EFX) is Akero's lead product candidate, currently being evaluated in three ongoing Phase 3 studies targeting different stages of MASH [9][12] Trial Results - The HARMONY trial was a 96-week multicenter, randomized, double-blind, placebo-controlled study involving 128 adult participants with biopsy-confirmed MASH and moderate to advanced fibrosis [2][11] - In the mITT population at week 96, 49% of participants receiving 50mg EFX achieved at least one stage of fibrosis improvement without worsening of MASH, compared to 19% for placebo (p=0.0030) [3][4] - Improvements in fibrosis were also noted in patients with more advanced disease, indicating EFX's potential effectiveness across different stages of MASH [3][4] Secondary Endpoints - The secondary endpoint of MASH resolution without fibrosis worsening was achieved by 40% of participants receiving 28mg EFX and 37% receiving 50mg EFX, compared to 19% for placebo [4] - A composite endpoint of both MASH resolution and at least one stage of fibrosis improvement was met by 35% and 28% of participants in the 50mg and 28mg EFX groups, respectively, versus 7% for placebo [4] Safety and Tolerability - EFX was generally well tolerated, with a safety profile consistent with previous trials; the most common adverse events were mild to moderate gastrointestinal issues [6] - A small reduction in bone mineral density was observed after 96 weeks of EFX treatment, although the clinical significance of this finding remains to be determined [6] Overall Impact - The sustained reductions in fibrosis and MASH observed in the trial reflect an overall improvement in whole-body metabolic health, including reduced dyslipidemia and increased insulin sensitivity [7] - The results from the HARMONY trial, along with data from the SYMMETRY trial, suggest that EFX has the potential to transform patient outcomes, particularly for those with a high fibrosis burden [3][7]
Digi Power X Reports Solid Mid-Year Financial Position, Removal of ‘Going Concern' Risk and Positive Adjusted EBITDA in Q2 2025
Globenewswire· 2025-08-14 22:29
Core Insights - Digi Power X Inc. has reported significant financial improvements, including the removal of going concern risk and achieving over $30 million in cash and equivalents, which includes approximately 80 Bitcoin and 715 Ethereum [5][7] - The company is positioned to capitalize on the expanding AI infrastructure market, with plans to deploy its first NVIDIA B200 GPU cluster by Q1 2026 and is in advanced negotiations for AI infrastructure contracts [5][8][12] Financial Performance - Positive Adjusted EBITDA was achieved in Q2 2025, marking a milestone towards sustainable profitability [7] - Colocation revenue for the first six months of 2025 reached $9.57 million, a 163% increase year-over-year [7] - Energy sales revenue grew 127% year-over-year in Q2 2025 to $5.7 million [7] - The company reported a net loss of $12.07 million for the six months ended June 30, 2025, compared to a net income of $0.08 million in the same period of 2024 [15] Strategic Developments - The company is on track to deploy its first B200 GPU cluster in partnership with Super Micro Computers, Inc. by Q1 2026 [7] - Digi Power X is in advanced discussions with multiple AI customers to secure long-term infrastructure contracts, which are expected to enhance revenue growth [7][12] - The company plans to expand its operational capacity from approximately 100MW to 200MW and beyond, leveraging its existing asset portfolio and targeted acquisitions [8] Capital and Liquidity - The company raised $12.9 million in Q2 2025 through a private placement and warrant exercises [7] - As of now, Digi Power X holds over $30 million in cash, Bitcoin, Ethereum, and cash equivalents, marking its strongest liquidity position in history [7] - Subsequent to the quarter-end, an additional $1.83 million was raised through warrant exercises [7] Market Outlook - The company anticipates continued strength in colocation and AI infrastructure deployments in the second half of 2025, driven by rising demand from enterprise AI, fintech, and data-intensive sectors [8][12] - Strong partnerships and enhanced liquidity position the company to pursue larger-scale projects, including planned expansions in Alabama and North Carolina [8]