Financial Data and Key Metrics Changes - The company achieved a record Gross Merchandise Volume (GMV) of $413 million, representing a 9% year-over-year growth [16] - Revenue increased by 28% to $119.9 million, consistent with the guidance provided for the revenue to GMV ratio [16] - GAAP earnings per share rose by 21% to $0.23, while non-GAAP adjusted earnings per share increased by 13% to $0.34 [17] - Adjusted EBITDA for the fiscal third quarter was $17 million, a 16% increase year-over-year, with a 31% adjusted EBITDA margin on total segment direct profit [17] Business Line Data and Key Metrics Changes - The GovDeals segment recorded GMV of $252 million, with revenue up 8% and direct profit margin up 7%, setting new quarterly records [17] - The retail segment saw a 30% increase in GMV and a 39% increase in revenue year-over-year, with direct profit growing by 12% [18] - The Capital Asset Group (CAG) segment experienced a 12% increase in GMV, 6% in revenue, and 14% in direct profit, driven by a more than doubling of heavy equipment asset sales [19] - The Machinio and Software Solutions segments increased revenue by 27% and direct profit by 23% [19] Market Data and Key Metrics Changes - The company noted tempered activity in certain industrial categories within the CAG segment due to economic and tariff-related supply chain uncertainties [19] - The GovDeals segment continues to expand in new geographies, including notable new account wins in California and Florida [9] Company Strategy and Development Direction - The company is focused on capturing greater market share through strategic investments in software, platform innovation, and marketing [7] - A new consumer auction experience is being piloted in Columbus, Ohio, aimed at leveraging auction software technology to create a direct-to-consumer channel [29][42] - The company is transitioning away from selected purchase model programs to focus on higher-margin consignment relationships [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to drive sustainable long-term growth despite economic uncertainties related to tariffs and interest rates [6] - The company anticipates double-digit growth in adjusted EBITDA for the full year of 2025, with a strong financial foundation and zero debt [15][20] - Management highlighted the importance of adapting to changing market conditions and optimizing resource allocation to higher-margin activities [35] Other Important Information - The company ended the quarter with $167 million in cash and cash equivalents, with zero financial debt [15] - The company is establishing online B2C auctions to enhance market recovery and expand market share [12] Q&A Session Summary Question: Discussion on tariff impacts - Management noted that international activity is affected by evolving negotiations, causing delays in asset trading, but domestic used equipment is moving normally [26][27] Question: Details on the e-commerce program in Columbus - The company is piloting a consumer auction experience in Columbus, leveraging auction software for a direct-to-consumer channel [29][30] Question: Process of turning off certain purchase flows - Management explained that they periodically review business commitments and reallocate resources to higher-margin activities when necessary [33][35] Question: Timing of new business development impacts - New business wins may take a few months to impact financial results, depending on the client and the breadth of services [39] Question: Consumer auction software deployment - This is the first deployment of consumer auction software, aimed at creating a vibrant direct-to-consumer channel [42][43]

© Liquidity Services, Inc. All Rights Reserved. 1 Forward-Looking Information This document contains forward-looking statements. These statements are only predictions. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by ...

Billings, Montana, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in organic and manure waste treatment and advanced organic fertilizers, announced it has engaged three accomplished professionals to fill key positions as Bion transitions from R&D to commercialization. Josh Rapport, MS, PhD, brings over 20 years’ experience in researching, designing, building and operating anaerobic digesters for heat, power, and renewable natural gas (RNG), as well as in di ...

Core Insights - Liquidity Services reported strong financial results for the fiscal third quarter of 2025, driven by technology-enabled marketplaces and strategic investments, leading to record Gross Merchandise Volume (GMV) and double-digit earnings growth [1][5][12]. Financial Performance - GMV for Q3-FY25 was $413.0 million, a 9% increase from $380.4 million in Q3-FY24 [2][5]. - Revenue for Q3-FY25 was $119.9 million, reflecting a 28% increase from $93.6 million in Q3-FY24 [3][5]. - GAAP Net Income for Q3-FY25 was $7.4 million, or $0.23 per share, up from $6.0 million, or $0.19 per share, in the same quarter last year [4][5]. - Non-GAAP Adjusted EBITDA for Q3-FY25 was $17.0 million, a 16% increase from $14.7 million in Q3-FY24 [11][5]. Segment Performance - GMV in the RSCG segment increased by 30%, while the CAG segment saw a 12% increase, primarily from heavy equipment consignment sales [6][5]. - The GovDeals segment achieved a 1% increase in GMV, setting a new quarterly record despite lower market prices for vehicles [6][5]. - Revenue in the RSCG segment rose by 39%, driven by increased volumes from client purchase model programs [6][5]. Operational Metrics - Registered buyers reached approximately 5.9 million, a 9% increase from 5.4 million in Q3-FY24 [10]. - Auction participants totaled approximately 1,098,000, an 8% increase from 1,016,000 in Q3-FY24 [18]. - Completed transactions were approximately 286,000, a 9% increase from 263,000 in Q3-FY24 [18]. Business Outlook - The company anticipates solid double-digit annual growth across key metrics for the fiscal year 2025 [12]. - Q4-FY25 guidance includes GMV expectations between $355 million and $390 million, with GAAP Net Income projected between $5.0 million and $8.0 million [17][12]. - The RSCG segment is expected to maintain solid performance, while the CAG segment is projected to grow year-over-year, particularly in heavy equipment [14][13].

Core Viewpoint - Lassila & Tikanoja plc is initiating a written procedure to solicit consents, waivers, and decisions to amend the terms of its EUR 75 million sustainability-linked notes due in 2028, in relation to a planned partial demerger of the company [2][4]. Group 1: Demerger Details - The demerger will transfer all assets, debts, and liabilities related to the Circular Economy business area to a new independent company named Lassila & Tikanoja Plc [2]. - The new company will assume all obligations and liabilities under the sustainability-linked notes, effectively becoming the new issuer of these notes [3]. Group 2: Consent Solicitation Process - The demerger plan constitutes a put option event, allowing noteholders to demand early redemption of the notes regardless of the proposal's approval [4]. - A consent fee of 0.20% will be offered to noteholders who vote in favor or abstain from voting, with an additional early bird consent fee of 0.10% for those voting in favor by a specified deadline [6]. Group 3: Voting and Approval - A quorum for the written procedure requires participation from noteholders holding at least 50% of the principal amount of the notes [7]. - The proposal will be approved if more than 50% of the votes cast are in favor, and if less than 50% respond, the response period may be extended [7]. Group 4: Implementation Timeline - The proposal is subject to approval and the completion of the demerger by March 31, 2026, with the effective date expected around December 31, 2025 [6][9]. - If the proposal is not approved or the demerger does not occur by the backstop date, the terms of the notes will remain unchanged [9].

Core Viewpoint - The Board of Directors of Lassila & Tikanoja plc has approved a demerger plan to separate its Circular Economy business into a new independent listed company, enhancing shareholder value and operational focus [1][3][4]. Demerger Overview - The demerger will transfer all assets, debts, and liabilities related to the Circular Economy business to a new company named New Lassila & Tikanoja, while the existing company will retain its Facility Services business and be renamed Luotea [1][7]. - The demerger is subject to approval by the Extraordinary General Meeting (EGM) scheduled for 4 December 2025, with a planned completion date of 31 December 2025 [7][11]. Strategic Rationale - The separation is expected to increase shareholder value by allowing each business area to execute focused strategies and growth opportunities more effectively [3][4]. - Improved agility, independent decision-making, and stronger management focus are anticipated to enhance the performance of both New Lassila & Tikanoja and Luotea [4][5]. Market Position and Growth Potential - The New Lassila & Tikanoja is positioned in a growing circular economy market valued at approximately EUR 8.7 billion across Finland and Sweden, with an expected annual growth rate of 3% [9]. - Luotea operates in a stable property services market with a target size of approximately EUR 12.2 billion, expected to grow at about 4% annually [9]. Financial Information - For the period from 1 July 2024 to 30 June 2025, the Circular Economy business reported net sales of EUR 415.2 million and an adjusted EBITDA margin of 20.7% [15]. - The New Lassila & Tikanoja aims for an average annual net sales growth of over 6% and an adjusted EBITA margin of 11% in the mid-term [21]. Shareholder Support - Major shareholders, holding approximately 27.59% of the shares, have committed to vote in favor of the demerger at the upcoming EGM [29]. Management Structure - The intended management for the New Lassila & Tikanoja includes Jukka Leinonen as Chairman and Eero Hautaniemi as President and CEO, while Johan Mild is proposed as Chairman and Antti Niitynpää as President and CEO for Luotea [7][24][26].

Financial Performance - Net sales for the first half of 2025 totaled EUR 371.8 million, a decrease of 3.2% compared to EUR 384.2 million in the same period last year [3][6][13] - Adjusted operating profit for January–June was EUR 17.6 million, up 38.5% from EUR 12.7 million in the previous year [3][6][13] - Net cash flow from operating activities after investments improved to EUR 2.4 million from a negative EUR 3.7 million in the comparison period [3][6][29] Business Segments - In the Circular Economy Business, net sales for January–June were EUR 199.4 million, down from EUR 208.2 million, with adjusted operating profit slightly declining to EUR 16.0 million [18][19] - Facility Services Finland saw a decrease in net sales to EUR 115.3 million from EUR 121.8 million, but operating profit improved significantly to EUR 6.3 million from EUR 1.9 million [24][25] - Facility Services Sweden's net sales increased to EUR 58.2 million from EUR 55.7 million, with adjusted operating loss decreasing to EUR -3.1 million from EUR -4.6 million [27][28] Strategic Developments - The company is progressing with a partial demerger plan to separate its Circular Economy business into a new publicly listed company, with the Board of Directors approving the demerger plan on August 7, 2025 [9][70] - The acquisition of Stena Recycling's pallet business, completed on June 2, 2025, is expected to enhance the service offering and support growth in the Circular Economy Business [21] - A two-year environmental construction project for Boliden Harjavalta was launched in May 2025, involving the expansion of a landfill site [5][20] Sustainability and Efficiency - The company's carbon footprint decreased by 22% compared to the previous year, driven by the use of renewable fuels and investments in a low-emission fleet [8][40] - The efficiency program initiated in 2025 aims for an annual performance improvement of at least EUR 8 million by the end of 2026, with fixed costs decreasing by approximately EUR 2 million in the first half of 2025 [37] - The recycling rate of material flows managed by the company rose to 61.7%, up from 58.9% in the previous year [40][41] Financial Position - Interest-bearing liabilities at the end of the review period amounted to EUR 195.3 million, down from EUR 214.5 million [30] - The average interest rate on long-term loans decreased to 3.2% from 4.0% [30] - The equity ratio was 34.0%, slightly down from 34.5% in the previous year [36]

Core Viewpoint - ReGen III Corp. has appointed Brad Kotush as Chief Financial Officer to drive the company's next phase of growth in the clean technology sector, specifically in upcycling used motor oil into high-value base oils [1][5][6]. Company Overview - ReGen III Corp. specializes in transforming used motor oil (UMO) into premium Group II and III base oils, utilizing patented ReGen™ technology [13][14]. - The company's process is designed to achieve up to 82% lower CO₂e emissions compared to virgin crude-derived oils, promoting sustainability in the lubricants market [13]. Leadership Transition - Brad Kotush brings over 17 years of experience as a CFO, having previously served at Home Capital Group Inc. and Canaccord Genuity Group Inc., where he significantly contributed to capital market growth and strategic acquisitions [2][3][4]. - Rick Low has stepped down as CFO but will remain in an advisory role for six months to ensure a smooth transition [11]. - Mark Redcliffe will also step away as EVP and Chief Strategy Officer, continuing to support the company in a consulting capacity [12]. Strategic Goals - ReGen III aims to become the world's largest producer of sustainable, re-refined Group III base oils, setting new standards for performance and responsibility in the lubricants market [15]. - The company is evaluating opportunities to deploy its patented technology across various strategic markets, in addition to its flagship facility in Texas City, Texas, which is designed to process 5,600 barrels per day [14].

Financial Performance - Q2 2025 revenue reached $78 million, showing a year-over-year growth of 16%[8] - Q2 2025 gross profit was $62 million, resulting in a gross profit margin of 79%[8] - Q2 2025 Adjusted EBITDA was $3 million, representing 4% of revenue[8] - The company had $56 million in cash and $20 million in debt at the end of Q2 2025[8] User Engagement - ThredUp had 1.5 million active buyers in Q2 2025, a 17% increase year-over-year[8] - Total orders in Q2 2025 amounted to 1.5 million, reflecting a 21% year-over-year growth[8] Sustainability Impact - ThredUp's operations have saved 666 million pounds of carbon emissions[8] - The company has also contributed to saving 1.3 billion kWh of energy[8] - Water savings attributed to ThredUp's efforts amount to 7 billion gallons[8] Market Position and Strategy - The U S secondhand apparel market grew 14% in 2024, which is 5 times faster than the broader retail clothing market[38] - The U S throws away approximately 17 billion pounds of apparel that could be recycled and reused[39]

Strategic leader in environmental infrastructure development HOUSTON, TX, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) (“HUSA” or the “Company”) today announced the appointment of Martha J. Crawford to its Board of Directors (the “Board”), effective immediately. Dr. Crawford will serve on the Audit Committee and as Chairperson of the Nominating & Governance Committee. "We are excited to welcome Martha to the Company’s Board of Directors," said CEO Ed Gillespie. "Mart ...