BOULDER, CO, May 16, 2025 (GLOBE NEWSWIRE) -- FST Corp. (Nasdaq: KBSX), a leading manufacturer and marketer of steel and graphite golf shafts and a provider of other golf-related services, today announced that, for the fiscal year ended December 31, 2024, the Company had revenue of $36,499,644, a 27 percent increase compared with revenue of $28,730,549 for the fiscal year ended December 31, 2023. The Company had a net loss of $3,235,175, or $(.09) per share, for fiscal 2024, a 49 percent increase compared w ...

XI’AN, China, May 16, 2025 (GLOBE NEWSWIRE) -- Bon Natural Life Limited (Nasdaq: BON) ("BON" or the "Company"), a leading bio-ingredient solution provider in the natural, health and personal care industry, announced an exclusive cooperation agreement with Beijing Huahai Keyuan (Tech) Co., Ltd., a leading functional ingredient distributor in China. The term of the agreement is 36 months with a total contract value of 32 million US dollars. Pursuant to the agreement, Beijing Huahai Keyuan will serve as the ex ...

CANADA - 2025/04/03: In this photo illustration, the AbbVie logo is seen displayed on a smartphone ... More screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images AbbVie (NYSE:ABBV) stock has garnered recent attention following the FDA approval of Emrelis for adults with previously treated lung cancer who exhibit an overabundance of the c-Met protein. This protein is known to promote tumor growth and resistance to certain therapies. Thi ...

Core Insights - Edible Garden AG Incorporated reported a strategic shift towards higher-margin, shelf-stable products, resulting in a 15% year-over-year growth in non-perishable revenue and a nearly fourfold increase in gross profit compared to the previous year [1][3][8]. Financial Performance - For the quarter ended March 31, 2025, total revenue was $2.7 million, a decrease of 13.2% from $3.1 million in the same quarter of 2024, primarily due to the exit from lower-margin floral and lettuce product lines [8]. - Gross profit increased to $88,000 from $23,000 in the prior year, representing an increase of approximately 283% year-over-year, with gross margin improving to 3.2% from 0.7% [9]. - The net loss for the quarter was $3.3 million, an improvement from a net loss of $4.0 million in the same period last year, driven by cost reductions and increased sales from higher-margin products [11]. Strategic Initiatives - The company is focusing on expanding its consumer-packaged goods (CPG) portfolio with brands like Kick. Sport Nutrition, Pickle Party, Squeezables, and Pulp®, which are gaining traction in the market [3][4]. - Edible Garden completed a $15.5 million acquisition of assets from NaturalShrimp Farms Inc., enhancing its R&D and warehousing capabilities, and securing patents for water treatment technologies to support sustainability efforts [3][8]. Market Positioning - The company is enhancing its national distribution footprint by launching and growing retail partnerships with major accounts such as Walmart and Stop & Shop, leveraging patented merchandising solutions [4][5]. - Edible Garden maintains a U.S.-focused production model, with over 90% of its operations based domestically, minimizing exposure to global tariffs and disruptions [6][7]. Product Development - The company is actively reshaping its product mix by phasing out less profitable SKUs and focusing on higher-margin, less commoditized offerings, which has led to a 13% seasonal growth in cut herbs [3][8].

Financial Data and Key Metrics Changes - The company reported revenues of $20.1 million for Q1 2025, a 42.5% increase compared to $14.1 million in Q1 2024 [5][20] - Bookings increased by 13.6% to $22.2 million compared to $19.6 million in the same period last year [22] - The net loss for Q1 2025 was $1.9 million, slightly higher than the loss of $1.8 million in Q1 2024 [21] - EBITDA for the quarter was a loss of $3.2 million, compared to a loss of $1.9 million in the prior year [22] Business Line Data and Key Metrics Changes - Total units sold increased by 45% to 1.5 million, primarily driven by the flagship ARC franchise [5] - The mobile segment saw significant growth, with ARC Ultimate Mobile Edition achieving 4.8 million downloads and an average daily active user count of approximately 144,000 [7][20] Market Data and Key Metrics Changes - PC gaming accounted for approximately 48% of revenue in 2024, compared to 41% from consoles [24] - The company noted that the mobile game segment helps offset broader economic impacts, as it lowers the barriers to entry for new players [24] Company Strategy and Development Direction - The company is focused on expanding its content portfolio and diversifying revenue streams, including a new short drama business [10][19] - Upcoming releases and announcements are planned to celebrate the ten-year anniversary of the ARC franchise, with a focus on engaging a broader audience [26] - The company aims to invest in scalable growth opportunities across adjacent genres and emerging platforms [26] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the impact of tariffs on the business, noting that while direct impacts are limited, indirect effects could influence consumer spending [23][25] - The gaming industry has historically shown resilience in the face of economic uncertainty, and the company remains confident in its ability to adapt [25] Other Important Information - The company has signed an MOU with MacMetrix Inc. to co-develop at least 10 short drama series over the next twelve months [10][34] - The company is actively exploring new business opportunities and expanding its indie publishing label, Wandering Wizard [19] Q&A Session Summary Question: Can you discuss your approach to revenue diversification? - The company is exploring and investing in new games and businesses, including a short drama initiative and several new game releases [28][30] Question: What are the revenue implications of the MOU with Mega Matrix? - It is too early to measure potential revenue contributions, but the MOU involves co-developing at least 10 drama series over the next year [31][34] Question: Can you elaborate on the increase in advertising and marketing costs? - Marketing expenditures have increased due to a larger portfolio and participation in events like GDC, but the company does not expect such increases to continue in the upcoming quarters [36][38] Question: How should investors view the approach to achieving positive net income? - The company focuses on cost control and diversified monetization strategies, including outsourcing development and expanding into new revenue streams [39][40]

Core Insights - Investors Title Company (ITIC) reported a net income of $1.67 per share for Q1 2025, a 30.4% decrease from $2.40 per share in the same period last year [2][3] - The company's revenues increased by 5.8% to $56.6 million, driven by a 15.3% rise in net premiums written, indicating stronger activity in key markets [2][4] - Operating expenses rose by 10.2% to $52.5 million, primarily due to increased agent commissions, while personnel costs remained flat [5][6] Financial Performance - Net income declined to $3.2 million from $4.5 million year-over-year, attributed to higher operating expenses and a $3.6 million swing in investment gains [3][7] - Net premiums written totaled $46.3 million, up from $40.2 million in the prior-year quarter, with direct premiums at $13.5 million and agency premiums at $32.8 million [4][5] - Adjusted income before income taxes increased by 53% to $5.2 million from $3.4 million in the previous year, indicating improved core business performance [8] Management Commentary - Chairman J. Allen Fine noted positive momentum in premium growth and attributed it to modest market improvements and efforts to expand market presence [6] - Management acknowledged that expense growth was mainly tied to volume-related commissions, while fixed overhead costs were lower year-over-year due to successful cost-saving strategies [6] Market Context - The stock of Investors Title Company gained 1.4% since the earnings report, underperforming compared to the S&P 500's 4.5% growth during the same period [1] - Over the past month, the stock increased by 5.9%, while the S&P 500 rose by 8.8%, indicating a relatively underwhelming performance in the broader market context [1]

Tyson Foods (TSN) FY Conference May 14, 2025 08:00 AM ET Speaker0 All right. Good morning, everyone. I'm Andrew Strelzik, BMO's Agribusiness, Beverages and Restaurants Analyst, and I'm delighted to welcome everyone to our twentieth Annual Farm to Market Conference. Twenty years is an incredible milestone. And this year, we have the pleasure of hosting over 100 companies and nearly 1,000 total attendees over the course of today and tomorrow. Our goal today remains the same as it's been over the last two deca ...

| | | | | | WoW | YoY | | | MoM | YoY | | --- | --- | --- | --- | --- | --- | --- | --- | | Building materials activity | | | | LGSB issuance (Rmb bn) | | | | | Weekly cement shipments | | | | May-25 175.3 | | | | | North China | 51% -3.3 ppts | | -5.0 ppts | YTD | 1340.9 | | 22% | | Central China | 50% -2.7 ppts | | -5.9 ppts | As of annual quota | 26.5% | | | | East China | 52% -2.0 ppts -11.0 ppts | | | | | | | | South China | 50% -7.1 ppts | | -2.9 ppts | Investment of new projects start (Rmb tn) | | | ...

The Bureau of Industry and Security (BIS) is providing guidance to help increase industry's awareness of illegal diversion schemes involving advanced computing integrated circuits (ICs) and commodities that contain such ICs, which have been subject to BIS export restrictions since October 2022, as updated several times since then. 1 1 Advanced computing ICs and commodities that contain such ICs include Export Control Classification Numbers (ECCNs) 3A090.a, 4A090.a, and .z items in Categories 3, 4, and 5, su ...

Guidance on Application of General Prohibition 10 (GP10) to People's Republic of China (PRC) Advanced-Computing Integrated Circuits (ICs) APPLICABLE REGULATIONS May 13, 2025 SUMMARY This guidance alerts industry to the risks of using PRC advanced-computing ICs, including specific Huawei Ascend chips. These chips were likely developed or produced in violation of U.S. export controls. BIS is warning that, pursuant to GP10, the use of such PRC advanced- computing ICs risks violating U.S. export controls and ma ...