Environmental Concerns - The talk emphasizes the importance of ocean conservation due to the detrimental impact of plastic pollution on marine life [1] - The speaker's personal diving experiences highlight the disruption and death of marine species caused by plastic [1] - The talk warns of the dire consequences for oceans if current destructive practices continue [1] Call to Action - The message urges immediate action to protect oceans, emphasizing their vital role in sustaining life [1] - The speaker questions why everyone should care about protecting oceans [1] Speaker Background - The speaker is a 13-year-old diver from Lebanon with a passion for ocean conservation [1] - The speaker has witnessed firsthand the negative effects of plastic pollution on marine animals [1]

Core Insights - The company achieved record total revenue of $821 million for FY2025, a 14% increase year-over-year, with Q4 revenue reaching $275 million, up 40% compared to the previous year [4][19][37] - Total bookings for FY2025 amounted to $1.2 billion, indicating strong demand for the company's core offerings [4][15] - The funded backlog at the end of FY2025 was $726 million, an 82% increase from the prior fiscal year [4][15] - The company secured a nearly $1 billion five-year U.S. Army IDIQ sole-source contract, marking the largest contract in its history [4][6] - International revenue accounted for 52% of total revenue in FY2025, with non-Ukraine European customers contributing over 24% [4][20] Financial Performance - Adjusted EBITDA for Q4 FY2025 was $61.6 million, significantly up from $22.2 million in the same quarter last year, and $146.4 million for the full fiscal year, representing 17.8% of revenue [4][22] - GAAP net income for Q4 FY2025 was $16.7 million, an increase of $10.6 million year-over-year, while full-year GAAP net income was $43.6 million, down $16 million due to various impairments and costs [5][28] - Adjusted EPS for Q4 FY2025 was $1.61, compared to $0.43 for the same period in FY2024 [8][28] Segment Performance - Loitering Munitions Systems (LMS) revenue rose 87% to $138 million in Q4 FY2025 and 83% to $352 million for the full fiscal year [4][17] - The UXS segment reported Q4 revenue of $113 million, a nearly 9% increase, while full-year revenue was slightly lower at $382 million [4][17] - McCready Works segment revenue increased 24% to $24 million in Q4 FY2025, with full-year revenue at $87 million, a 14% increase [4][17] Strategic Initiatives - The company closed the acquisition of Blue Halo, enhancing its position in the defense technology sector with a comprehensive portfolio across multiple domains [15][38] - FY2026 revenue guidance is set between $1.9 billion and $2 billion, with adjusted EBITDA expected to be between $300 million and $320 million [8][33] - The company plans to operate under two distinct business segments starting in FY2026: Autonomous Systems and Space Cyber Directed Energy [18][31] Market Outlook - The company anticipates strong organic growth driven by increased demand for its innovative solutions, particularly in the U.S. Department of Defense sector [6][9] - The P550 and Red Dragon products are expected to generate significant revenue in the coming years, with initial orders anticipated soon [9][53] - The company is well-positioned to capitalize on emerging global defense priorities, with a focus on delivering next-generation solutions [18][39]

This is interesting.My Ethos score is being converted into tangible benefits in Monsters.We've seen the Cookie and Kaito infoFi campaigns distribute eye watering rewards back to key voices.On chain reputation systems will prove invaluable, especially as AI proliferates the internet.These credibility scores will act as another metric that projects can use to reward reputation.For instance, it's likely we will see a minimum Ethos score to participate in certain campaigns, similar to minimum YAP requirements f ...

Financial Data and Key Metrics Changes - The company achieved record fiscal year revenue of $821 million, which is 14% higher than the prior year period, and record fourth quarter revenues of $275 million, which is 40% higher than the prior year period [7][38] - The total bookings for fiscal year 2025 reached $1.2 billion, indicating robust demand for the company's solutions [7][39] - The funded backlog at the end of fiscal year 2025 was $726 million, which is 82% higher than the prior fiscal year [7][39] - Adjusted EBITDA for Q4 was $61.6 million, up from $22.2 million in the previous year, driven by higher revenue and gross margins [24] - Full year adjusted EBITDA was $146.4 million, representing 17.8% of revenue, a 15% increase over FY 2024 [24] Business Segment Data and Key Metrics Changes - The Loitering Munition Systems (LMS) segment saw revenues for Q4 rise 87% to $138 million, with full fiscal year revenues of $352 million, an 83% increase [11] - The Uncrewed Systems (UXS) segment posted Q4 revenues of $113 million, a nearly 9% increase year-over-year, while full year revenues were slightly lower at $382 million [12] - The McCready Works segment reported Q4 revenues of $24 million, a 24% increase, with full year revenues of $87 million, which was 14% higher than the prior year [16] Market Data and Key Metrics Changes - 52% of the company's revenues were from international customers, with over 24% coming from non-Ukraine European customers [23] - The company received orders from eight countries for Switchblade products worth nearly $250 million in FY 2025 [23] Company Strategy and Development Direction - The company closed the acquisition of BlueHalo, enhancing its position as a defense tech leader with a comprehensive portfolio across air, land, sea, space, and cyber [7][39] - Starting in fiscal year 2026, the company will operate under two distinct business segments: Autonomous Systems and Space, Cyber, and Directed Energy [18][32] - The company plans to continue investing in R&D, having invested nearly $2 billion over the past decade to develop disruptive solutions [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position to meet rising demands from the U.S. Department of Defense and its allies, particularly in loitering munitions and autonomous systems [49][90] - The company anticipates strong organic growth in fiscal year 2026 and beyond, with revenue guidance set between $1.9 billion and $2 billion [7][39] Other Important Information - The company expects adjusted gross margins in the range of 29% to 31% for fiscal year 2026 [34] - The company plans to invest in expanding its manufacturing capacity to meet increased demand for its products [12][63] Q&A Session Summary Question: Discussion on Army's transformation initiative and its impact on Switchblade orders - Management highlighted the strong growth in the Switchblade business and expressed optimism about additional opportunities stemming from the Army's modernization efforts [45][49] Question: Inquiry about write-downs in unfunded backlog related to foreign military sales - Management confirmed there were no write-downs related to the LMS business or foreign military sales in the quarter [52][53] Question: Market opportunity for P550 and Red Dragon - Management indicated strong market potential for both products, with expectations for initial orders and significant future revenue generation [61][64] Question: Clarification on revenue guidance and visibility - Management explained that the guidance reflects a range of potential outcomes based on timing of contracts and funding approvals from the U.S. Department of Defense [74][86] Question: Assessment of NATO's potential 5% GDP spending pledge - Management noted that increased international demand for their systems is expected, particularly in Europe, due to ongoing global security challenges [105]

Environmental Concerns & Importance of Coral Reefs - Oceans provide all life on Earth, nourish with food, produce oxygen, and offer leisure activities [1] - Coral reefs and coral gardens are vital ecosystems, serving as oases in the ocean [2] - Two-thirds of coral reside in deeper, colder waters, including along the European coast [3] - Coral gardens are as crucial as tropical reefs, providing shelter and nurseries for fish [4][5] Threats to Coral Gardens - Coral gardens face threats, including climate change, coral bleaching, and warming waters [6] - Unregulated or illegal fishing poses a significant threat due to the rich biodiversity attracting fishing vessels [6] - Fishing nets entangle and destroy corals, with bycatch often exceeding target fish [7][8] Conservation and Restoration Strategies - Awareness of coral garden existence is crucial for protection [9] - Protecting coral gardens allows for recovery and serves as nurseries for other corals [10] - Coral restoration is necessary when coral gardens are devastated [11] - Fragmenting healthy corals and transplanting them onto degraded reefs is one restoration method [14] - Coral seeding, involving lab-based fertilization and transplantation of baby corals, enhances diversity [19][20] - Combining fragmentation and coral seeding yields the best restoration results [20] Research and Development - Research is being conducted to apply coral seeding techniques to European coral species [21] - Studies focus on coral biology, spawning mechanisms, and optimal conditions for coral larvae [22][23][24] - Transplanting baby corals into nurseries allows for observation and comparison of growth rates [25] Call to Action - The ocean's condition can be overwhelming, but action is possible [26][27] - Collaboration between scientists and individuals with diverse abilities is essential to save coral gardens [27]

Global Research ab 20 June 2025 European Autos Chinese OEMs accelerating in Europe – time to be worried? Chinese brands comprise 6% market share now, even 11% in the EV segment Latest monthly data for the top-5 European markets show market share acceleration among Chinese brands, and we think further expansion in the coming months is likely on (1) even more price competition in the Chinese domestic market, ie, more profitable exports, (2) a potential replacement of EU EV import tariffs by minimum pricing, a ...

Core Insights - The article presents MMTL-UniAD, a unified framework for multimodal and multi-task learning in assistive driving perception, which aims to enhance the performance of advanced driver-assistance systems (ADAS) by simultaneously recognizing driver behavior, emotions, traffic environment, and vehicle actions [1][5][26]. Group 1: Introduction and Background - Advanced driver-assistance systems (ADAS) have significantly improved driving safety over the past decade, yet approximately 1.35 million people die in traffic accidents annually, with over 65% of these incidents linked to abnormal driver psychological or physiological states [3]. - Current research often focuses on single tasks, such as driver behavior or emotion recognition, neglecting the inherent connections between these tasks, which limits the potential for cross-task learning [4][3]. Group 2: Framework and Methodology - MMTL-UniAD employs a multimodal approach to achieve synchronized recognition of driver behavior, emotions, traffic environment, and vehicle actions, addressing the challenge of negative transfer in multi-task learning [5][26]. - The framework incorporates two core components: a multi-axis region attention network (MARNet) and a dual-branch multimodal embedding module, which effectively extract task-shared and task-specific features [5][26]. Group 3: Experimental Results - MMTL-UniAD outperforms existing state-of-the-art methods across multiple tasks, achieving performance improvements of 4.10% to 12.09% in the mAcc metric on the AIDE dataset [18][26]. - The framework demonstrates superior accuracy in driver behavior recognition and vehicle behavior recognition, with increases of 4.64% and 3.62%, respectively [18][26]. Group 4: Ablation Studies - Ablation experiments indicate that joint training of driver state tasks and traffic environment tasks enhances feature sharing, significantly improving task recognition accuracy [22][26]. - The results confirm that the interdependence of tasks in MMTL-UniAD contributes to overall performance and generalization capabilities [22][26].

Core Insights - Purple Biotech Ltd. presented new preclinical data on its CAPTN-3 tri-specific antibody platform at the EACR 2025, showcasing its potential to overcome tumor immune evasion and drug resistance [1][2] Group 1: CAPTN-3 Platform Overview - The CAPTN-3 platform enables the creation of tri-specific antibodies that activate both innate and adaptive immune systems, enhancing anti-tumor responses [2][6] - The lead product, IM1240, targets the 5T4 antigen and has shown robust in vivo anti-tumor activity, particularly in triple negative breast cancer models [7][10] - The design includes an anti-NKG2A arm that synergizes with the anti-CD3 arm, demonstrating significant cytotoxic effects against solid tumor cells [3][4][5] Group 2: Mechanism of Action - The CAPTN-3 platform features a conditional activation mechanism, where the CD3 arm is activated only in the tumor microenvironment, minimizing systemic effects [6][7] - The anti-NKG2A arm plays a crucial role in reinvigorating exhausted T cells, enhancing their ability to kill tumor cells [4][5] - The platform's design allows for a modular approach, enabling the development of various tribodies with different target combinations [7][10] Group 3: Clinical Implications - Preclinical data indicate that the CAPTN-3 platform can lead to sustained tumor regression in animal models, highlighting its therapeutic potential [5][7] - The platform's ability to engage both T cells and NK cells suggests a promising avenue for developing effective cancer therapies [6][10] - The company is advancing multiple candidates within its oncology pipeline, including CM24 and NT219, alongside CAPTN-3 [10]

Company Overview - Terranet is focused on developing technology solutions for advanced driver assistance systems (ADAS) and autonomous vehicles, aiming to enhance safety for vulnerable road users [3] - The company utilizes a patented sensor technology called BlincVision, which detects objects with laser precision, claiming to be up to ten times faster and more accurate than existing ADAS solutions [3] Industry Engagement - Terranet will participate in the Auto.AI and Safety.AD USA 2025 conferences, scheduled for June 30–July 1 in San Francisco, California, which are significant forums for discussing advancements in AI and traffic safety [1] - The presence at these conferences is intended to strengthen connections to the North American market and highlight the company's role in developing future safety solutions for ADAS and autonomous vehicles [1] Strategic Objectives - The Chief Commercial Officer of Terranet, Jonas Renander, emphasized the importance of engaging with key stakeholders at the upcoming conference to clarify the company's value proposition and demonstrate contributions to safer traffic [2]

Core Viewpoint - KWESST Micro Systems Inc. has received an order for prototypes of its next-generation battlefield laser detection system (BLDS) for a major North American armored vehicle program, marking a significant validation of its technology [2][3]. Company Overview - KWESST specializes in advanced tactical systems, focusing on the development and commercialization of next-generation military and security solutions [6]. - The company is headquartered in Ottawa, Canada, with additional offices in London, UK, and Abu Dhabi, UAE [7]. Product Development - The BLDS technology is designed to counter the increasing threats from laser-guided systems on the battlefield, such as Laser Target Designators and Laser Range Finders, which have enhanced the lethality of conventional weapons [3]. - The non-networked prototypes are ready for delivery and will undergo performance testing in various operational environments [4]. - Fully-networked versions of the BLDS, which will include real-time detection and classification capabilities, are expected to be available by fall 2025 [5]. Market Context - The modern battlefield has evolved, with lasers posing silent and invisible threats that can quickly target soldiers and vehicles [3]. - The BLDS aims to improve situational awareness and survivability for military personnel and high-value assets [3].