Keros Board Best Equipped to Oversee Strategic Review Process and Execute on Ultimate Outcome of that Process ADAR1’s Disruptive and Self-Serving Campaign Stands to Jeopardize the Future Value Maximizing Potential of the Company Keros Urges Stockholders to Protect the Value of Their Investment by Voting “FOR” All Three of the Company’s Highly Qualified Director Nominees LEXINGTON, Mass., May 27, 2025 (GLOBE NEWSWIRE) -- Keros Therapeutics, Inc. (“Keros”, the “Company” or “we”) (Nasdaq: KROS), a clinical-st ...

TPI Composites (TPIC) Q1 2025 Earnings Call May 12, 2025 05:00 PM ET Company Participants Jason Wegmann - Vice President of IR & ESGWilliam Siwek - President, CEO & DirectorRyan Miller - Chief Financial OfficerMark Strouse - Executive Director Conference Call Participants Luke Persons - Research AnalystJustin Clare - MD & Research Analyst Operator Greetings, and welcome to the TPI Composites First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A question ...

Core Insights - TPI Composites, Inc. reported a 14% year-over-year growth in sales for Q1 2025, achieving net sales of $336.2 million compared to $294.0 million in Q1 2024 [2][6] - The company is undergoing a strategic review to optimize its capital structure amid ongoing economic challenges and uncertainties in the renewable energy sector [2][3] Financial Performance - Net loss from continuing operations was $48.3 million for Q1 2025, an improvement from a net loss of $60.9 million in Q1 2024 [6][8] - Adjusted EBITDA loss decreased to $10.3 million in Q1 2025 from a loss of $23.0 million in the same period last year, indicating improved operational efficiency [10][14] - Net cash provided by operating activities improved by $43.6 million compared to the same period in 2024, primarily due to a decrease in net loss and changes in working capital [11] Operational Metrics - The number of wind blade sets produced increased to 509 in Q1 2025 from 488 in Q1 2024, with an estimated capacity of 1,933 megawatts compared to 2,050 megawatts in the previous year [5] - Utilization rate improved to 70% in Q1 2025 from 67% in Q1 2024, reflecting better operational performance [5] Sales Breakdown - Sales of wind blades and related products increased by $40.1 million, or 13.9%, to $329.0 million in Q1 2025, driven by higher average sales prices and a 4% increase in production volume [14] - Field services sales rose by 38.4% to $7.1 million, attributed to an increase in technicians deployed to revenue-generating projects [14] Guidance for 2025 - The company expects full-year net sales from continuing operations to be between $1.4 billion and $1.5 billion, with an adjusted EBITDA margin projected between 0% and 2% [12]

BGSF (BGSF) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Speaker0 Day, everyone. Welcome to the BGSF Inc. Fiscal twenty twenty five First Quarter Financial Results Conference Call. At this time, all participants have been placed on a listen only mode, and the floor will be open for questions and comments after the presentation. As a reminder, this conference call is being recorded. Now I will turn the call over to Sandy Martin, three part advisers. Please go ahead. Speaker1 Good morning. Thank you for joi ...

All figures in $USD unless otherwise noted. TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- Firm Capital Apartment Real Estate Investment Trust (“the “Trust”), (TSXV: FCA.U), (TSXV: FCA.UN) is pleased to report its financial results for the three months ended March 31, 2025 and provide a Strategic Review update: STRATEGIC REVIEW UPDATE In summary, the Strategic Review has yielded the following results. For further details, please refer to the Trust’s Management Discussion & Analysis (“MD&A”) as filed on the Trus ...

Elme Communities (ELME) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Company Participants Amy Hopkins - Vice President, Investor RelationsPaul McDermott - President and CEOTiffany Butcher - Executive VP & COOSteven Freishtat - Executive VP & CFOCooper Clark - VP - Equity ResearchAnn Chan - Senior Associate Operator Good day, and welcome to the Elm Communities First Quarter twenty twenty five Earnings Conference Call. As a reminder, today's call is being recorded. And at this time, I would like to turn the ...

Financial Data and Key Metrics Changes - The company reported same store revenue growth of 3.9% and NOI growth of 5.5% year over year, driven by stronger rent growth in the Washington Metro portfolio and favorable real estate tax appeals in Atlanta [15][16] - The annualized net debt to adjusted EBITDA was 5.6 times during the first quarter, with over 60% of total capacity available on the line of credit and no secured debt [16] Business Line Data and Key Metrics Changes - Same store multifamily occupancy averaged 94.8% during Q1, up 50 basis points year over year, with a 1.9% same store blended lease rate growth during the quarter [11] - The initial estimated blended rate growth for April is 2.6%, indicating a typical upswing heading into the spring leasing season [11] Market Data and Key Metrics Changes - In the Washington Metro area, annual supply peaked at 2.2% annual net inventory growth in Q1 2025, below the national average of 2.9%, with projections for a decline to 1.8% by Q4 2025 and further to 1.1% by Q4 2026 [7][8] - Northern Virginia's private sector job growth was two and a half times that of the broader Washington Metro Region over the past four years, positioning the company favorably [6] Company Strategy and Development Direction - The Board of Trustees is overseeing a formal evaluation of strategic alternatives to maximize shareholder value, initiated from a position of strength [9][10] - The company is focused on enhancing its multifamily REIT performance and profitability while navigating the current volatility in capital markets [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong fundamentals of the portfolio and business, despite a fluctuating macro environment, and highlighted the ongoing success of the value-add renovation pipeline [16] - The company anticipates that improvement in bad debt will contribute more significantly to revenue growth in 2025 than initially expected [15] Other Important Information - The company completed 88 renovations during the quarter with an ROI of approximately 18%, aiming to complete over 500 full renovations in 2025 [13] - The managed WiFi program is expected to generate additional NOI of $600,000 to $800,000 in 2025 from the initial seven communities, with further upside anticipated from future phases [14] Q&A Session Summary Question: Insights on the multifamily transaction market in DC - Management noted that the living sector is performing well with continued capital flows and active lenders, indicating a competitive environment with cap rates ranging from 4.25% to 5.25% depending on the buyer profile [19][22] Question: Addition of Ron to the Board and its timing - The strategic review process was initiated last year, and Ron's addition to the Board was part of a refreshment process aimed at maximizing shareholder value [23][24] Question: Acceleration of the WiFi initiative income - The rollout of the Managed WiFi initiative has progressed faster than anticipated, allowing for quicker income generation as the spring leasing season approaches [28][29]

TORONTO, May 01, 2025 (GLOBE NEWSWIRE) -- Altai Resources Inc. (TSXV: ATI) (“Altai” or the “Company”) announced today that the Board of Directors (the “Board”) has initiated a strategic review process to identify, evaluate, and pursue a range of potential strategic alternatives with the goal of maximizing shareholder value and liquidity (the “Strategic Review”). As part of the Strategic Review, the potential strategic alternatives could include, amongst other things, either individually or in combination, t ...

Financial Data and Key Metrics Changes - Net revenue for Q1 2025 reached CAD 205 million, a 3.6% increase compared to Q1 2024, driven by a combined cannabis business growth of 16.8% [12][16] - Gross profit increased by CAD 6.2 million or 12.4% year over year, resulting in a gross margin improvement to 27.6% [12][13] - Free cash flow was marginally negative at CAD -1.1 million, representing a CAD 5.3 million improvement compared to the same period in 2024 [13][15] Business Line Data and Key Metrics Changes - Liquor Retail segment recorded net revenue of CAD 109.5 million, reflecting a 5.7% decline year over year, impacted by one less day in February and Easter timing [16][17] - Cannabis Retail achieved net revenue of CAD 77.5 million, an 8.7% increase compared to the prior year, driven by a 5.2% increase in same-store sales [17][18] - Cannabis Operations segment reported net revenue of CAD 34.3 million, a 53% growth compared to the prior year, including CAD 10.2 million from the Indiva acquisition [19][20] Market Data and Key Metrics Changes - The cannabis segments continued to show strong momentum, achieving steady year-on-year revenue gains for the thirteenth consecutive quarter [4][5] - The company gained 0.3 percentage points of year-on-year market share in the cannabis retail segment [21][22] Company Strategy and Development Direction - The company is focused on three strategic pillars: growth, profitability, and people, with a commitment to expanding its cannabis retail footprint [21][25] - A formal strategic review has been initiated to evaluate the company's exposure to U.S. multistate licensed cannabis enterprises and current exchange listing status [6][9] - The acquisition of One Centimeters is expected to close by the end of Q3 2025, enhancing the company's retail presence [22] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding potential excise tax reforms in Canada but does not expect material changes in the near term [46][47] - The company is not experiencing material disruptions from trade disputes, with only 5% of liquor sales coming from U.S. products [49][50] Other Important Information - The restructuring program is on track, delivering CAD 4 million in savings during Q1, corresponding to an annualized run rate of CAD 17 million [24][25] - The company is committed to investing in employee development and enhancing engagement through various initiatives [25][26] Q&A Session Summary Question: Strategy for entering the U.S. market - Management clarified that no decision has been made regarding entering the U.S. market, but existing capital exposure could facilitate entry [31][32] Question: M&A outlook for cannabis retail - Management confirmed active evaluation of both organic and inorganic growth opportunities in the Canadian retail network [35][36] Question: Rollout of loyalty program in retail - The loyalty program aims to enhance communication with consumers and provide value, with potential expansion across different product lines [40][41] Question: Insights on regulatory recommendations post-elections - Management expressed cautious optimism about regulatory reforms but does not expect significant changes in excise tax rates soon [46][47]

Core Viewpoint - Firm Capital Apartment Real Estate Investment Trust is undergoing a strategic review to dispose of its remaining wholly owned assets and evaluate future uses for the Trust [1][2] Financial Performance - For the three months ended December 31, 2024, the Trust reported a net loss of $126,074 compared to a net income of $807,897 for the previous quarter and a net loss of $469,539 for the same period in 2023 [4] - The net income before fair value adjustments for the same period was $140,008, showing a slight decrease from $142,916 in the previous quarter and a loss of $339,306 in the same period last year [4] - Funds from Operations (FFO) for the three months ended December 31, 2024, was $202,009, down from $252,334 in the previous quarter and a loss of $869,210 in the same period last year [4] - Adjusted Funds from Operations (AFFO) for the three months ended December 31, 2024, was $156,015, consistent with the previous quarter and an improvement from a loss of $317,857 in the same period last year [4] Strategic Review Progress - The Trust has successfully disposed of four of its six wholly owned assets for gross proceeds of approximately $71.6 million, with net sale proceeds of about $28 million used for debt repayment [5] - The Trust has repaid $60.7 million in debt, including $13.7 million in convertible debentures and $5.1 million in a bridge loan [5] - The Trust has two remaining wholly owned assets in Houston, Texas, which are actively being marketed [7] Joint Venture and Investment Updates - The Trust completed the sale of a joint venture property in Maryland for $15.9 million, resulting in net proceeds of approximately $4.1 million, of which the Trust received about $1.1 million due to its 25% ownership [7] - A joint venture investment in Hartford, Connecticut, refinanced its mortgage, generating net proceeds of $2.2 million, which allowed for a repayment of $1.7 million owed to the Trust [8] - The Trust holds three preferred capital investments with a gross principal balance of approximately $9.5 million, earning interest rates of 10%, 12%, and 9% across different portfolios [8] Net Asset Value - The Trust reported a Net Asset Value (NAV) of $6.57 per Trust Unit (CAD $9.36), which includes disposition costs of assets held for sale [2]