SHANGHAI, Aug. 20, 2025 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology- driven pre-owned consumer electronics transactions and services platform in China, today announced its unaudited financial results for the three months ended June 30, 2025. Second Quarter 2025 Highlights Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "We are pleased to announce that our operational performance exceeded the high end of our guidan ...

Core Insights - Allbirds has launched a new footwear line called Remix, created in partnership with Blumaka and Circ, aimed at repurposing manufacturing waste into new shoes [1][2][3] Industry Overview - The footwear industry produces billions of shoes annually, generating significant manufacturing waste, including 344,000 tons of midsole foam waste each year, which could create 2.5 billion midsoles [2] - Much of this waste is non-biodegradable and difficult to recycle, leading to environmental concerns as it ends up in landfills [2] Company Innovations - The Remix styles utilize Blumaka's midsoles made from reclaimed foam scraps, which use 99% less water and emit 65% fewer carbon emissions compared to traditional foam production [3] - Remix styles are the first footwear to incorporate textile-to-textile recycled materials from polycotton waste, utilizing Circ's hydrothermal recycling process [4] - The collaboration represents a significant advancement in sustainable practices within the footwear industry, showcasing the potential for textile recycling beyond apparel [8] Product Details - The Remix collection includes two styles: Runner NZ Remix and Cruiser Remix, available in various sizes at a retail price of $140 USD [7] - The shoes are designed to offer a balance of comfort, sustainability, and style, appealing to environmentally conscious consumers [5][6] Company Background - Allbirds, founded in 2015, focuses on creating sustainable footwear using natural materials and innovative processes [9] - Blumaka specializes in producing high-performance insoles from over 85% recycled materials, emphasizing durability and environmental responsibility [10] - Circ aims to create a circular economy in the fashion industry by recycling textiles into virgin-equivalent materials [11]

Core Points - Hyundai Motor America continues its partnership with Healthy Seas, focusing on ocean conservation through underwater cleanup operations and educational initiatives [1][6][4] Group 1: Partnership and Initiatives - The partnership supports four major underwater cleanup operations, starting with the Tuna Clipper wreck near Catalina Island, aimed at removing marine litter and restoring habitats [1][7] - Hyundai and Healthy Seas hosted a beach cleanup event and an educational workshop for students, emphasizing the importance of ocean conservation [2][3] - The educational component is newly integrated into the partnership, empowering students to become ocean stewards and share awareness within their communities [3][6] Group 2: Commitment to Sustainability - Hyundai's collaboration with Healthy Seas is part of its broader corporate social responsibility initiative, Hyundai Hope, which emphasizes sustainability and a circular economy [4][9] - The partnership has expanded from Europe to South Korea and the United States, addressing large-scale marine pollution and promoting community involvement [7][8] - Hyundai's additional environmental initiatives include partnerships with organizations like One Tree Planted, focusing on global reforestation and biodiversity [8]

CONTACT: Inquiries: [email protected] Learn more at: www.agilyx.com OSLO, Norway, Aug. 19, 2025 /PRNewswire/ -- Agilyx ASA (OSE: AGLX) (OTCQX: AGXXF) (ISIN: NO0010872468) (WKN: A2QGQ) ("Agilyx" or the "Company"), announces a third-party reviewed Product Carbon Footprint report of Styrenyx, Agilyx's proprietary recycling technology, shows CO2 emissions can be cut by up to 86% by using depolymerization of waste polystyrene compared to fossil production. To better assess the carbon footprint of Styrenyx, our a ...

Core Insights - The RealReal is the largest online marketplace for authenticated, resale luxury goods, boasting over 40 million members [2] - The company emphasizes a rigorous authentication process managed by experts, ensuring a safe platform for buying and selling luxury items [2] - The RealReal supports the circular economy by giving new life to luxury items across various categories, including fashion, jewelry, art, and home goods [2] Company Overview - The RealReal employs hundreds of in-house gemologists, horologists, and brand authenticators who inspect thousands of items daily [2] - The company offers a seamless selling experience with services such as free virtual appointments, in-home pickup, drop-off, and direct shipping [2] - The RealReal utilizes AI and machine learning to determine optimal pricing for items, handling all aspects of the consignment process, including authentication, photography, listing, shipping, and customer service [2] Investor Engagement - The RealReal will participate in the B. Riley 8th Annual Consumer & TMT Conference on September 10, 2025, and the Wells Fargo 8th Annual Consumer Conference on September 16-17, 2025 [3]

Core Viewpoint - Cielo Waste Solutions Corp. has successfully closed the second and final tranche of its non-brokered private placement offering, raising a total of C $1,121,250 through the issuance of 22,425,000 units [1][2][4]. Group 1: Offering Details - The final tranche involved the issuance of 4,700,000 units at a price of $0.05 per unit, generating gross proceeds of C $235,000 [2]. - Each unit consists of one common share and one warrant, with each warrant allowing the purchase of one common share at a price of $0.07 for two years [2]. - The offering received conditional approval from the TSX Venture Exchange, and no finder fees were paid, nor did insiders participate in the final tranche [3]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for the development and early-stage engineering of the proposed waste-to-hydrogen facility in British Columbia, including regulatory and incentive application work, as well as general working capital [4]. Group 3: Company Overview - Cielo Waste Solutions Corp. focuses on transforming waste materials into high-value products, addressing global waste challenges while contributing to the circular economy and reducing carbon emissions [6]. - The company aims to be a leader in the wood by-product-to-fuels industry by utilizing environmentally friendly and economically sustainable technologies [6].

Core Viewpoint - Ecolomondo Corporation has entered a joint venture with ARESOL to establish four TDP facilities in the European Union, leveraging its proprietary Thermal Decomposition Process technology for sustainable tire recycling [1][2][4]. Company Developments - The joint venture agreement follows a non-binding letter of intent signed in December 2024, with the first facility to be located in Valencia, Spain, capable of processing 20,000 metric tons of end-of-life tires annually [2][4]. - Ecolomondo and ARESOL will own 51% and 49% of the joint venture, respectively, with a board comprising representatives from both companies and an independent director [4]. - The company has recently begun shipments of recovered Carbon Black to a major customer, indicating the quality of products from its Hawkesbury facility [5][6]. Industry Context - ARESOL brings over 40 years of experience in renewable energy, focusing on developing pyrolysis projects for end-of-life tires in Europe [3]. - The TDP facilities will generate revenue from the sale of end-products such as recovered carbon black, oil, gas, fiber, and steel, as well as from tipping fees for tire processing [12]. - Ecolomondo aims to be a leading player in the cleantech sector, contributing to the circular economy by producing reusable resources from scrap tires [11][17]. Environmental Impact - The TDP process is designed to significantly reduce greenhouse gas emissions, with expected reductions of 15,000 tons of CO2 per year from the Hawkesbury facility and 45,000 tons from the Shamrock facility [23].

Core Insights - Cabka N.V. has reported its unaudited results for the first half of 2025, indicating a slight decline in total sales but early signs of improved commercial momentum, particularly in the US market [1][4][26] Financial Performance - Total sales for H1 2025 amounted to €90.0 million, a decrease of 2% compared to H1 2024 [7][10] - Gross operating margin improved to 51.7%, up 220 basis points from 49.5% in H1 2024 [7][8] - Operational EBITDA decreased to €9.1 million, down 13% year-on-year, primarily due to a deliberate reduction in inventory [7][16] - The net result for H1 2025 was a loss of €4.7 million, compared to a loss of €1.9 million in H1 2024, reflecting a 147% decline [7][30] Sales Breakdown - Sales in Europe were €57.7 million, an 8% decrease from €62.8 million in H1 2024, attributed to market volatility and customer hesitance [11] - US sales increased by 9% to €12.0 million, supported by a new commercial strategy and improved capacity utilization [12] - Customized solutions sales remained steady, while contract manufacturing saw a significant rebound, increasing by 24% [11] Cost Management - The company achieved a €5.8 million inventory reduction as part of its Shift program, which also contributed to improved cash flow from operations [5][13] - Operating expenses decreased by €0.5 million year-on-year, with notable savings in personnel expenses [14] Cash Flow and Debt Management - Cash from operating activities improved to €0.2 million, a significant recovery from a cash outflow of €4.4 million in H1 2024 [17] - Total cash balance as of June 30, 2025, was €3.0 million, down from €4.7 million at the end of 2024 [20] Capital Expenditures - CAPEX for H1 2025 was €5.4 million, a 42% decrease from €9.3 million in H1 2024, reflecting a disciplined approach to capital expenditures [9][24] - Investments were split between replacement & maintenance and expansion & automation initiatives [25] Strategic Outlook - The company remains confident in its guidance for 2025, expecting sales and EBITDA to be at least in line with 2024, bolstered by a strengthening order book [26][28] - The Shift program is yielding tangible results, contributing to a leaner cost base and improved operational efficiency [27] Environmental, Social, and Governance (ESG) - Cabka's commitment to circularity is evident, with 87% of raw material intake sourced from recycled materials [32] - The company received a Platinum Medal from EcoVadis, reflecting its leadership in sustainability management [33][34]

Group 1 - Cielo Waste Solutions Corp. has announced the extension of its non-brokered private placement offering of up to 60,000,000 units at a price of $0.05 per unit, with the closing date extended to August 15, 2025 [1] - The first tranche of the offering was previously announced on July 28, 2025, indicating ongoing investor interest and capital raising efforts [1] - Cielo is focused on transforming waste materials into high-value products, contributing to the circular economy and reducing carbon emissions [3] Group 2 - The company aims to be a leader in the wood by-product-to-fuels industry by utilizing environmentally friendly and economically sustainable technologies [3] - Cielo's shares are publicly traded on the TSX Venture Exchange under the symbol "CMC" and on the OTC Pink Market under "CWSFF" [3] - The company is committed to providing environmental waste solutions that are expected to generate positive returns for shareholders [3]

Financial Data and Key Metrics Changes - The company reported a record GMV of $5.04 billion and record revenue of $165 million, both up 14% year over year [8][20] - Adjusted EBITDA was $6.8 million, representing a 4.1% margin, which was a substantial beat versus expectations [9][23] - Gross profit for Q2 was $123 million, with a gross margin of 74.3%, an increase of 20 basis points year over year [21][22] - Operating expenses were $133 million, improved by 690 basis points year over year as a percentage of revenue [22][23] - The company ended the quarter with $109 million in cash and cash equivalents, and reduced total debt by $27 million [24][25] Business Line Data and Key Metrics Changes - Consignment revenue grew 14%, while direct revenue increased 23% compared to the previous year, representing 12% of total revenue [20][21] - The consignment gross margin was 89.3%, an improvement of 93 basis points year over year [21][22] - Direct gross margin was 16.2%, fluctuating based on the category mix of products sold [21] Market Data and Key Metrics Changes - The active buyer base increased by 6% on a trailing twelve-month basis, exceeding 1 million active buyers [20] - The company noted that 53% of its customers are millennials and Gen Z, indicating a strong generational appeal [7] Company Strategy and Development Direction - The company is focused on a growth playbook centered on sales, marketing, and stores, with a new sales team compensation plan emphasizing retail value [10] - The strategy includes leveraging AI for operational efficiency and enhancing customer engagement through innovative features [13][16] - The company is expanding its dropship initiative to include jewelry, aiming to partner with larger luxury good aggregators [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the momentum of the business, with expectations for continued growth in Q3 and Q4 [32][30] - The company raised its full-year guidance, expecting GMV in the range of $2.03 billion to $2.045 billion, and revenue between $667 million and $674 million [26][27] - Management highlighted the favorable cash dynamics of the business model, anticipating strong positive free cash flows in the second half of the year [25][29] Other Important Information - The company is actively addressing counterfeiting issues in luxury goods through collaboration with law enforcement and proprietary technology [14] - The introduction of the reconsigned program has strengthened supply and created a circular loop for luxury assets [11] Q&A Session Summary Question: Can you comment on the cadence seen over the past couple of months? - Management noted that momentum has kept pace in Q3, with double-digit new seller growth continuing [32] Question: How should we think about the take rate and gross margin going forward? - Management explained that the take rate is influenced by the average order value, which was up 8%, and that consignment gross margins remain strong [36][37] Question: Can you elaborate on the expansion to luxury vendors and international consignors? - Management indicated that the dropship channel is still in early stages but has potential for growth, especially with international partners [42] Question: What drove the increase in new consignors? - Management attributed the growth to marketing reinvestment and the effectiveness of the growth playbook, including the reconsign feature [51][52] Question: How is Athena impacting operational efficiency? - Management stated that Athena is currently processing 20% of items, with plans to increase to 30-40% by year-end, aiming to reduce costs per unit [55][88]