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Prairie Operating Co. Announces Third Quarter 2025 Results
Globenewswire· 2025-11-14 22:13
Core Insights - Prairie Operating Co. has reported significant progress in its operations and financial performance for the third quarter of 2025, highlighting a focus on expanding its footprint in the DJ Basin and optimizing operations [3][6][8]. Financial Performance - Total revenue for the third quarter reached $77.7 million, marking a 15% increase quarter-over-quarter [8][10]. - Net income was reported at $1.3 million, with a net loss attributable to common stockholders of $22.5 million, equating to a loss per share of $0.44 [10][46]. - Adjusted EBITDA reached a record $56.3 million, reflecting an increase of over 45% quarter-over-quarter [8][10]. - Capital expenditures for the quarter totaled $69.6 million [10][20]. Production and Operations - The company achieved a record production rate of 23,029 barrels of oil equivalent per day (Boe/d), with approximately 52% of this being oil [9][15]. - Current production rate stands at approximately 27,000 net Boe/d, driven by successful development programs and the completion of new wells [6][9]. - The company completed flowback operations on seven new wells and is finalizing completion activities on six additional wells [7][11]. Acquisitions and Strategic Initiatives - Prairie completed the transition period following the Bayswater acquisition, assuming full operational control of those assets [6][9]. - The company closed two bolt-on acquisitions, adding approximately 11 net drilling locations and 3,400 net acres [9][10]. - An expanded hedging program has been implemented to secure favorable commodity pricing through 2028 [9][10]. Guidance and Future Outlook - Prairie reaffirms its full-year guidance for 2025, expecting adjusted EBITDA to range between $240 million and $260 million [26][32]. - The company anticipates average daily production between 24,000 and 26,000 Boe/d and capital expenditures of $260 million to $280 million for the year [26][32].
WonderFi Reports Q3 2025 Results
Newsfile· 2025-11-14 22:06
Core Insights - WonderFi Technologies Inc. reported financial results for Q3 2025, achieving approximately $11.7 million in revenue and interest income, a 47.5% increase compared to Q3 2024 [8] - The company anticipates the completion of its acquisition by Robinhood Markets, Inc. to be delayed until the first half of 2026 due to additional development work and regulatory approvals [3] Financial Performance - Revenue and interest income for Q3 2025 reached approximately $11.7 million, marking a 47.5% increase from Q3 2024 [8] - Bitbuy and Coinsquare reported over $2.3 billion in client assets under custody as of September 30, 2025 [8] - The company achieved positive adjusted EBITDA in Q3 2025, contrasting with a loss during the same period in 2024, after excluding non-cash items [8] Business Developments - Bitbuy and Coinsquare launched six new tradeable assets, resulting in an incremental trading volume of $13.7 million [8] - The company is positioned to capture market and wallet share through ongoing innovation in the digital asset space [6]
Everyday People Financial Reports Record Revenue Growth of 51% in RCM Segment and Expands AnyDay Tip Payments Program
Newsfile· 2025-11-14 22:05
Core Insights - Everyday People Financial Corp. reported a record revenue growth of 51% in its Revenue Cycle Management (RCM) segment and expanded its AnyDay Tip Payments Program [1][2] Financial Performance - Q3 revenue increased by 6% to $18.9 million compared to $17.8 million in Q3 2024, while nine-month revenues rose 21% year-over-year to $58.7 million from $48.3 million [1] - RCM segment revenue surged by 51% in Q3 to $18.8 million from $12.5 million in Q3 2024, with nine-month revenue increasing 40% year-over-year to $51.6 million from $36.9 million [2][3] RCM Segment Growth - The RCM operations experienced organic expansion and strategic acquisitions, contributing to double-digit growth in revenue and profitability [3] - The addition of ACT Credit Management positions the company to exceed $100 million in RCM revenue in 2026, targeting a 20% EBITDA margin [4] Financial Services Expansion - The execution of a Management Services Agreement with XTM Inc. allows Everyday People Payments to manage Canadian network-branded card and wallet programs, with expected processing of $750 million to $1 billion in tip and wage disbursements in 2026 [5][4] - The Everyday Health Spending Account (HSA) platform is expected to generate annual revenues of $5 to $7 million at launch, with high contribution margins [7] Operational Strategy - The company emphasizes disciplined cost controls and operational scalability to drive sustainable shareholder value [8] - The growth strategy focuses on expanding RCM leadership, scaling financial services, and delivering strong financial performance under a capital-light model [11] Key Financial Highlights - Adjusted EBITDA for Q3 2025 was $2.341 million, down from $3.085 million in Q3 2024, while nine-month adjusted EBITDA was $6.679 million compared to $8.569 million in the previous year [9] - The adjusted EBITDA for the RCM segment for Q3 2025 was $2.728 million, significantly up from $1.394 million in Q3 2024 [12]
Maui Land & Pineapple Company, Inc. Reports Fiscal Third Quarter 2025 Results
Globenewswire· 2025-11-14 21:39
Core Insights - Maui Land & Pineapple Company, Inc. reported a significant 39% year-over-year increase in recurring leasing revenue for the third quarter of 2025, reflecting successful strategic initiatives and strong progress in land development [2][5] - The company achieved positive Adjusted EBITDA year-to-date, marking a meaningful improvement over 2024, indicating operational progress and positioning for continued growth [4][5] Financial Highlights - Recurring revenue from the leasing segment increased by 39% year-to-date in 2025 compared to the same period in 2024, and by 59% compared to the same period in 2023 [5] - Operating revenues rose by 83.1% to $14.9 million for the nine months ended September 30, 2025, compared to $8.2 million for the same period in 2024 [5][19] - Operating profit improved by 48.4%, with a loss of $2.8 million compared to a loss of $5.5 million for the nine months ended September 30, 2024 [5][19] - Adjusted EBITDA for the nine months ended September 30, 2025, was $1.6 million, an increase of $1.7 million compared to a loss of $0.1 million for the same period in 2024 [5][22] Land Development and Sales - The land development and sales segment's net operating income improved by 203.9%, reaching $0.5 million compared to a loss of $0.5 million for the same period in 2024, driven by three parcel sales in the current year [5] - The company sold three land parcels through the third quarter of 2025 and has five additional parcels publicly marketed for sale [5] Leasing Segment Performance - The leasing segment's net operating income improved by 21.5%, totaling $4.5 million compared to $3.7 million for the nine months ended September 30, 2024 [5] - Approximately 30 leases were executed and commenced from late 2024 to September 30, 2025, with expectations for continued increases in recurring net operating income as occupancy stabilizes [6] Cost Management - Operating costs and expenses increased by 30.1% to $17.8 million for the nine months ended September 30, 2025, primarily due to direct costs from the Relief Housing Project [5][19] - General and administrative and share-based compensation expenses decreased by 16.0% to $6.7 million compared to $8.0 million for the same period in 2024, driven by a reduction in share-based compensation [12] Pension Obligations - The company fulfilled its largest remaining legacy obligation by funding, annuitizing, and terminating the qualified pension at an expense of $6.9 million, with the final remaining pension obligation scheduled to be resolved in the fourth quarter of 2026 [5][12]
Precipio Announces its Q3-2025 Financial Results
Globenewswire· 2025-11-14 21:30
Financial Performance - Precipio, Inc. reported Q3-2025 revenues of $6.8 million, representing a 30% year-over-year increase from $5.2 million in Q3-2024 and a 20% quarter-over-quarter increase from $5.7 million in Q2-2025 [10] - Adjusted EBITDA for Q3-2025 was $469,000, up $369,000 year-over-year and over $500,000 from Q2-2025, marking a significant turnaround from negative to positive [10] - Operating cash flow improved from a cash burn of $148,000 in Q2-2025 to a positive cash flow of $285,000 in Q3-2025, indicating a $433,000 swing quarter-over-quarter [10] Pathology Services Division - Revenue in the Pathology Services Division increased by approximately $1.0 million, or 20%, from $5.0 million in Q2-2025 to $6.0 million in Q3-2025, driven by new service initiations [3][10] - Gross margins for the Pathology Services Division improved from 43% to 46% quarter-over-quarter, supported by past investments in capacity [7] Products Division - The Products Division saw a revenue increase of 16% quarter-over-quarter, rising from $620,000 in Q2-2025 to $720,000 in Q3-2025, primarily due to existing customers ordering more products [5][10] - Gross margins for the Products Division decreased from 44% in Q2-2025 to 30% in Q3-2025, attributed to investments made to prepare for growth [8] Future Outlook - The company anticipates continued gross margin increases towards the 50% mark as the Pathology business leverages economies of scale and the Products Division builds more revenue [9] - Management expressed confidence in seizing growth opportunities created by the recent financial performance and operational efficiencies [3]
Forian(FORA) - 2025 Q3 - Earnings Call Presentation
2025-11-14 21:30
Q3 2025 Financial Results Revenue and Adjusted EBITDA | | | | ($000's) Three Months Ended September 30, | | | | | ($000's) Nine Months Ended September 30, | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | Period-over- | | | | | Period-over | | | 2025 | | 2024 | | Period % | | 2025 | 2024 | | Period % | | | Unaudited | | Unaudited | | Change | | Unaudited | Unaudited | | Change | | Revenue | $ | 7,762 | $ | 4,686 | 66% | $ | 22,294 | $ | 14,341 | 55% | | Net loss | $ | (15 ...
Air Industries Group Announces Solid Financial Results for the Three and Nine Months Ended September 30, 2025
Businesswire· 2025-11-14 21:30
Core Viewpoint - Air Industries Group reported solid financial results for the third quarter and nine months ended September 30, 2025, showing improvements in Adjusted EBITDA and gross margins compared to the previous year [1][5]. Third Quarter Results - Net sales for Q3 2025 were $10.3 million, a decrease from $12.6 million in Q3 2024 [2]. - Adjusted EBITDA for Q3 2025 was $1.3 million, up from $845,000 in Q3 2024 [2]. - Gross profit for Q3 2025 was $2.3 million, with a gross margin of 22.3%, compared to 15.5% in Q3 2024 [3]. - Operating expenses increased by 5.6% to $2.0 million compared to Q3 2024 [3]. - The net loss for Q3 2025 was $44,000, significantly improved from a net loss of $404,000 in Q3 2024 [3]. Nine Months Results - Net sales for the nine months ended September 30, 2025, were $35.1 million, down from $40.2 million in the same period of 2024 [4]. - Adjusted EBITDA for the nine months was $2.7 million, slightly up from $2.6 million in 2024 [4]. - Gross profit for the nine months was $6.4 million, with a gross margin of 18.1%, compared to 16.2% in 2024 [7]. - Operating expenses for the nine months increased to $6.8 million, leading to an operating loss of $422,000, compared to an operating income of $560,000 in 2024 [7]. - The net loss for the nine months was $1.5 million, compared to a loss of $812,000 in 2024 [7]. Management Commentary - The CEO of Air Industries Group highlighted the solid results for Q3 2025, emphasizing improvements in Adjusted EBITDA and gross margins due to expense reduction efforts [5]. - The company remains focused on driving profitability and operational efficiency as it approaches the end of the fiscal year [5]. Company Overview - Air Industries Group is a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, producing critical products such as landing gears and engine mounts [8].
Cineverse Reports Second Quarter Fiscal Year 2026 Results
Prnewswire· 2025-11-14 21:08
Core Insights - Cineverse Corp. reported total revenue of $12.4 million for Q2 FY 2026, a 3% decline year-over-year, primarily due to timing differences in revenue recognition for content licensing agreements [1][4][12] - The direct operating margin improved by 7 percentage points to 58% compared to the prior-year quarter, indicating solid performance across core business lines despite the revenue decline [2][13] - The company experienced a net loss of $(5.7) million, or $(0.31) per share, compared to a net loss of $(1.4) million, or $(0.09) per share, in the prior-year quarter [6][28] Financial Performance - Total quarterly revenue was $12.4 million, down from $12.7 million in the prior-year quarter, driven by gains in streaming, digital distribution, and theatrical sales [4] - Streaming and digital revenues decreased by 5% to $9.6 million, while base distribution revenue increased by 39% to $1.8 million, primarily due to the theatrical release of The Toxic Avenger Unrated [8] - SG&A expenses rose by 79% to $11.4 million, reflecting increased marketing costs and investments in the theatrical slate and technology group [5] Operational Developments - Cineverse announced the reissue of the 20th anniversary edition of Pan's Labyrinth, with a marketing campaign set to kick off at the Cannes Film Festival in May 2026 [3][16] - The company is advancing its MicroCo venture, a new studio for microseries, projected to reach a market size of $10 billion by 2027 [14][19] - The Toxic Avenger Unrated is projected to generate an internal rate of return (IRR) of over 40%, despite underperforming at the box office [2][15] Strategic Initiatives - Cineverse is expanding its technology partnerships and has signed four new customers for its Matchpoint™ media supply chain platform [18] - The company continues to build its content library, which is valued at $45 million, significantly above its book value of $3.2 million [9][17] - Management emphasizes a focus on profitability while pursuing growth through strategic partnerships and technology advancements [21]
QuoteMedia Announces Q3 2025 Financial Results and Strong Growth Outlook
Globenewswire· 2025-11-14 17:53
Core Viewpoint - QuoteMedia, Inc. reported a 10% year-over-year revenue growth to $5.2 million for Q3 2025, driven by new contracts expected to enhance future revenue [1][3][6]. Financial Performance - Revenue for Q3 2025 was $5,154,555, an increase of $458,710 compared to the same quarter in the previous year [6]. - Adjusted EBITDA for Q3 2025 was $377,662, up from $366,549 in Q3 2024, reflecting an increase of $11,113 [6][13]. - The net loss for Q3 2025 was $367,192, an improvement of $73,749 from a net loss of $440,941 in Q3 2024 [6][13]. Management Commentary - The Chairman of the Board expressed satisfaction with the strong revenue growth and highlighted the acquisition of major new contracts that will contribute to revenue in Q4 and beyond [3][11]. - The company anticipates continued improvement in gross margin, EBITDA, and overall profitability as revenue grows and the impact of higher amortization expenses diminishes [4][11]. Outlook - The company remains optimistic about a strong finish to 2025 and ongoing momentum into 2026, supported by a robust pipeline of contracts [5][11].
Reading International Reports Third Quarter 2025 Results
Globenewswire· 2025-11-14 14:00
Core Insights - Reading International, Inc. reported a total revenue of $52.2 million for Q3 2025, a decrease of 13% from $60.1 million in Q3 2024, primarily due to a less appealing movie slate and currency exchange rate impacts [6][10][4] - The company achieved a positive EBITDA of $3.6 million, marking a 26% improvement compared to $2.8 million in Q3 2024, and representing the fifth consecutive quarter of positive EBITDA [6][30] - The net loss attributable to Reading improved by 41% to $4.2 million in Q3 2025 from $7.0 million in Q3 2024, indicating better overall segment results and reduced interest expenses [6][5] Financial Performance - Total revenues for the first nine months of 2025 were $152.7 million, a slight increase of 1% compared to $152.0 million for the same period in 2024 [6] - The operating loss for the first nine months of 2025 was $4.3 million, an improvement of 72% from a loss of $15.6 million in the same period in 2024 [6] - Basic loss per share improved by 65% to $0.51 for the first nine months of 2025 compared to $1.48 for the same period in 2024 [6] Cinema Business - Cinema revenue for Q3 2025 was $48.6 million, down 14% from $56.4 million in Q3 2024, attributed to a less appealing movie slate and operational challenges [10][6] - The average ticket price in both Australia and New Zealand reached their highest third quarter ever, while the U.S. cinema division achieved its second highest third quarter average ticket price [10][6] - The cinema operating income decreased by 21% to $1.8 million from $2.2 million in Q3 2024, reflecting the overall challenges faced in the cinema business [10][6] Real Estate Business - Real estate revenue for Q3 2025 was $3.6 million, a slight decrease from $3.7 million in Q3 2024, while operating income remained relatively flat at $1.4 million [10][6] - The U.S. real estate revenues increased by 35% to $2.0 million due to improved performance from Live Theatre assets in NYC [10][6] - The company executed five third-party lease transactions during Q3 2025, maintaining a portfolio occupancy rate of 98% across its Australian and New Zealand properties [11][10] Debt and Liquidity - As of September 30, 2025, the company reduced its total gross debt by 14.8% to $172.6 million, primarily funded by the sale of two major property assets [19][12] - Cash and cash equivalents stood at $8.1 million, down from $12.3 million at the end of 2024 [19][12] - The company extended the maturity of several loans, including those related to its Live Theatre assets and bank loans, to improve liquidity [19][12]