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Codere Online Reports Financial Results for the First Quarter 2025
Globenewswire· 2025-05-16 11:00
Core Insights - Codere Online reported a strong start to 2025, with net gaming revenue reaching €57.0 million in Q1, an 8% increase year-over-year [3][5] - The company is on track to meet its 2025 net gaming revenue outlook of €220-230 million and adjusted EBITDA outlook of €10-15 million [4][5] Financial Performance - Total revenue for Q1 2025 was €54.3 million, with net gaming revenue at €57.0 million, reflecting an 8% increase compared to Q1 2024 [5][8] - In Mexico, net gaming revenue grew by 15% to €30.5 million, while Spain saw a slight decline to €21.9 million, down 2% [2][3] - The average monthly active players increased by 13% to 161.3 thousand, with significant growth in Mexico at 31% [2][3] Operational Metrics - The total cash position as of March 31, 2025, was €41.8 million [5] - The company repurchased $0.5 million of its shares under a $5.0 million share buyback plan [5][9] Compliance and Governance - Codere Online regained compliance with Nasdaq listing requirements as of May 15, 2025 [9] - The company is actively working to complete the audit of its 2024 financial accounts and expects to file the 2024 annual report by the end of May 2025 [9]
CPI Aerostructures Reports First Quarter 2025 Results
Globenewswire· 2025-05-15 21:00
First Quarter 2025 vs. First Quarter 2024 Revenue of $15.4 million compared to $19.1 million; Gross profit of $1.6 million compared to $3.6 million; Gross margin of 10.7% compared to 18.6%; Net (loss) income of $(1.3) million compared to net income of $0.2 million; (Loss) earnings per share of $(0.10) compared to earnings per share of $0.01; Adjusted EBITDA(1) of $(0.8) million compared to $1.2 million; Cash flow used in operations of $2.7 million compared to $1 million. EDGEWOOD, N.Y., May 15, 2025 (GLOBE ...
Maui Land & Pineapple Company, Inc. Reports Fiscal First Quarter 2025 Results and Announces New Scalable Agri-Business Venture
Globenewswire· 2025-05-15 20:48
KAPALUA, Hawaii, May 15, 2025 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE: MLP) today reported financial results covering the quarter ended March 31, 2025. The Company also announced a new agriculture-based business venture designed to maximize the value of currently underutilized croplands and stimulate economic revitalization on Maui. Additional updates from the Company will be shared at its Annual Meeting of Stockholders, which will be held virtually on Wednesday, May 21, 2025, at 8:30 ...
QuoteMedia Announces Financial Results for Q1 2025
Globenewswire· 2025-05-15 20:37
Core Insights - QuoteMedia, Inc. reported its highest quarterly revenue in company history for Q1 2025, amounting to $4,824,356, a 3% increase from $4,679,200 in Q1 2024 [3][7] - The company experienced a net loss of $499,811 in Q1 2025, compared to a net loss of $28,176 in Q1 2024, indicating a decrease in profitability [7][12] - Adjusted EBITDA for Q1 2025 was $368,269, down from $676,886 in Q1 2024, reflecting a reduction of $308,617 [7][12] Financial Performance - Quarterly revenue increased by $145,156 (3%) year-over-year, with a 5% growth on an FX-neutral basis [7][14] - The significant loss for the quarter was attributed to capitalizing a lower proportion of development costs compared to previous quarters, which increased expensed development costs [4][13] - The company expects continued growth throughout the year, aiming for its highest annual revenue ever [3][13] Business Overview - QuoteMedia provides a range of market data services, including streaming data feeds and financial applications, targeting banks, brokerage firms, and sophisticated investors [2][6] - The company competes with larger legacy organizations and smaller companies in the financial data sector [2] - QuoteMedia's offerings include interactive stock research tools and data feeds for major financial institutions [6]
KORE Reports First Quarter 2025 Results
Prnewswire· 2025-05-15 20:15
Growth in Connections, Operating Cash and Free Cash Flow ATLANTA, May 15, 2025 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the quarter ended March 31, 2025.Company Highlights Total Connections1 increased to 19.8 million, up 8% from 18.3 million in the same period last year. Cash provided by operation ...
SRx Health Solutions Announces First Quarter 2025 Financial Results
Globenewswire· 2025-05-15 20:05
EPS Improved 90% Year-Over-Year to $(0.37) Adjusted EBITDA1 Loss Improved 54% Year-Over-Year to $(0.6) Million Adjusted EBITDA Margin1 Improved (9)%, a 865 Basis Point Expansion Year-Over-Year TAMPA, Fla., May 15, 2025 (GLOBE NEWSWIRE) -- SRx Health Solutions Inc. (NYSE American: SRXH) (the “Company” or "SRx", previously known as “Better Choice”), a leading global health and wellness company, today announced its results for the first quarter ended March 31, 2025. "We have executed a digital first strategy ...
Alliance Entertainment Reports Third Quarter Fiscal Year 2025 Results
Globenewswire· 2025-05-15 20:01
Core Insights - Alliance Entertainment Holding Corporation reported a net income of $1.9 million for the third quarter of FY 2025, marking a $5.3 million improvement year-over-year, indicating strong operational execution and margin gains [1][11] - The company reduced its revolver debt by 25% year-over-year, enhancing its balance sheet and liquidity position [1][11] - Direct to Consumer sales accounted for 35% of gross revenue, up from 33% in the same quarter of the previous year, reflecting a growing trend in consumer fulfillment [1][10] Financial Performance - Net revenues for the third quarter ended March 31, 2025, were $213.0 million, a 1% increase from $211.2 million in the same period of 2024 [15] - Gross profit for the third quarter was $29.1 million, up 3.7% from $28.0 million year-over-year, with a gross profit margin of 13.6%, compared to 13.2% in the prior year [15] - Adjusted EBITDA for the quarter was $4.9 million, reflecting a 66% increase from $2.9 million in the same period of 2024 [11][15] Operational Highlights - The company launched a distribution partnership with Paramount Pictures, becoming the exclusive licensee of Paramount's physical media in the U.S. and Canada, which strengthens its position in the home entertainment market [6][5] - Physical movie sales surged 39% year-over-year, increasing from $42 million to $58 million, driven by new exclusive content partnerships [6] - Vinyl record sales increased by 11% year-over-year, rising from $78 million to $86 million, supported by strong consumer demand [6] Inventory and Cost Management - Inventory levels improved to $93.2 million, down 13% from $108.0 million at March 31, 2024, indicating better inventory turnover and working capital efficiency [6] - Total operating expenses decreased by 11.4% year-over-year, with distribution and fulfillment costs declining by 10.2% due to automation initiatives [6] - Interest expense declined by 20.2% year-over-year, reflecting a lower revolving credit balance and improved financial efficiency [6]
ImmuCell(ICCC) - 2025 Q1 - Earnings Call Transcript
2025-05-15 14:02
ImmuCell (ICCC) Q1 2025 Earnings Call May 15, 2025 09:00 AM ET Company Participants Joe Diaz - Managing PartnerMichael Brigham - President, CEO & DirectorTimothy Fiori - CFOGeorge Melas-Kyriazi - PresidentRussell Tolander - Managing Director Conference Call Participants None - Analyst Operator Good morning, and welcome to the Innucel Corporation report First Quarter Ended 03/31/2025 Audited Financial Results Conference Call. All participants will be in listen only mode. After today's presentation, there wil ...
Vaso Corporation Announces Financial Results for First Quarter of 2025
Globenewswire· 2025-05-15 13:00
PLAINVIEW, N.Y., May 15, 2025 (GLOBE NEWSWIRE) -- Vaso Corporation (“Vaso”) (OTCQX: VASO), a leading MedTech company with a diversified business portfolio in network and healthcare IT services, professional sales services, and proprietary medical products, today announced its operating results for the three months ended March 31, 2025. “The Company recorded record first quarter revenue, with revenue of $19.5 million, an increase of 3.9% when compared to the same quarter of the prior year,” commented Dr. Jun ...
SYLOGIST Reports First Quarter 2025 Results
Globenewswire· 2025-05-15 11:00
Record Bookings of $23.1M, Strong SaaS ARR Growth at 15% Q1 2025 Highlights | Revenue (in $ millions) | | | | | | | --- | --- | --- | --- | --- | --- | | SaaS Subscription | | Recurring | | Total | | | Reported | Y/Y growth | Reported | Y/Y growth | Reported | Y/Y growth | | $7.8 | 15% | $10.9 | 6% | $16.3 | 3% | CALGARY, Alberta, May 15, 2025 (GLOBE NEWSWIRE) -- Sylogist Ltd. (TSX: SYZ) ("Sylogist" or the "Company"), a leading public sector SaaS company, today announced its results for the first quarter fi ...