Toronto, Ontario--(Newsfile Corp. - May 15, 2025) - City View Green Holdings Inc. (CSE: CVGR) (OTC Pink: CVGRF) (FSE: CVY) (the "Company" or "City View") is pleased to announce the execution of a definitive arrangement agreement (the "Arrangement Agreement") with City View's subsidiary, 2590672 Ontario Inc. ("259 OnCo") in respect of the spin-out of its cannabis assets (the "Assets"), to its shareholders by way of a share capital reorganization effected through a statutory plan of arrangement (the "Arrange ...

Stonegate Capital Partners Updates Coverage On GoHealth Inc. (GOCO) 2025 Q1May 14, 2025 4:36 PM EDT | Source: Reportable, Inc.Dallas, Texas--(Newsfile Corp. - May 14, 2025) - GoHealth Inc. (NASDAQ: GOCO): Stonegate Capital Partners updates their coverage on GoHealth Inc. (NASDAQ: GOCO). GoHealth, Inc. delivered a strong first quarter in 2025, highlighted by substantial revenue growth and operational efficiencies. Net revenues surged 19.1% year-over-year to $221.0M, driven by a 40.2% increase i ...

22nd Century Group (XXII) Q1 2025 Earnings Call May 13, 2025 08:00 AM ET Company Participants Matt Kreps - Investor RelationsLarry Firestone - CEO & Chair of the BoardDan Otto - CFO Conference Call Participants Andrew White - Analyst Operator Welcome to twenty second Century Group's First Quarter twenty twenty five Conference Call and Webcast. At this time, all participants have been placed in a listen only mode. It is now my pleasure to turn the floor over to Matt Kreps, Investor Relations for twenty secon ...

Financial Data and Key Metrics Changes - Total net sales for the first quarter were $77.3 million, down 9.5% from the prior year [11] - Adjusted gross profit was $42.8 million, representing 55.4% of net sales, compared to 59.5% in the prior year [12] - GAAP net loss was reduced to $12.2 million, down over 65% from the fourth quarter [13] - Adjusted EBITDA for the quarter was $3.5 million, with a margin of 4.5% of net sales, compared to $4.3 million or 5% of net sales in the prior year [13] Business Line Data and Key Metrics Changes - Chubby's segment sales grew by 43.9%, contributing an incremental $13 million in sales through retail expansion and increased direct-to-consumer (DTC) sales [7][11] - Solo Stove segment sales declined by $25.3 million, primarily due to the elimination of extensive discounting and a lack of new product launches [8][11] Market Data and Key Metrics Changes - The company is diversifying its manufacturing footprint to mitigate tariff impacts, with plans to reduce reliance on China-sourced products [10] - Tariffs did not impact first quarter results, but proactive steps are being taken to offset expected costs starting in the second quarter [10] Company Strategy and Development Direction - The company is focused on a profit-oriented transformation plan, leveraging its entrepreneurial culture to build and scale its outdoor lifestyle portfolio [6][7] - Strategic initiatives include organizational design, marketing effectiveness, pricing strategies, and product innovation [15][17][18][19] - New product launches are anticipated to ramp up in Q4, with a focus on premium brand offerings and reduced promotional activities [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the business as initiatives begin to yield results, with expectations to stabilize performance in the second half of the year [7][21] - The company is working closely with lenders to address its debt structure and has a plan to regain compliance with NYSE listing requirements [5][6][21] Other Important Information - The company reported a going concern disclaimer in its Form 10-Q due to expected non-compliance with certain financial covenants [14] - The company has implemented significant performance improvements and cost reduction initiatives to enhance financial performance [10][12] Q&A Session Summary - The management indicated that a Q&A session would be limited due to ongoing discussions with lenders regarding the company's debt structure, leading to many "no comment" responses [21]

Core Insights - Drew Sutton emphasizes the importance of cultural infrastructure in organizations, stating that sophisticated strategies fail without it [1] - His approach combines military-grade systems thinking with human-centered coaching to help organizations achieve sustainable growth [2][3] Company Overview - Drew Sutton Leadership (DSL) focuses on helping growth-stage founders and executive teams navigate challenges such as mental fatigue and team misalignment [2] - The company offers a Breakthrough Session to identify hidden patterns and misalignments that hinder progress [7] Methodology - Sutton's frameworks integrate mindset development, culture optimization, and executional infrastructure, which are proven under pressure [8] - The proprietary Focus Control Method and Culture Scripting process equip leaders with the necessary tools to enhance operational systems and team clarity [9] Client Impact - Clients across various industries report significant improvements, such as increasing revenue-producing activities from under 50% to 90%, leading to their highest monthly revenue and projected 6x annual growth [10] - Sutton's methodologies are credited with delivering fast and sustainable impact, transforming how organizations operate [10] Leadership Philosophy - Sutton believes that decision fatigue destabilizes organizations and aims to help leaders lead from a place of power rather than pressure [5] - His work is designed to help leaders reclaim their time and align their teams, fostering a culture that supports long-term success [11]

Brighthouse Financial (BHF) Q1 2025 Earnings Call May 09, 2025 08:00 AM ET Company Participants Dana Amante - Head, Investor RelationsEric Steigerwalt - President & CEOEdward Spehar - Executive VP & CFODavid Rosenbaum - Executive VP and Head of Product & UnderwritingJohn Rosenthal - Executive VP & Chief Investment OfficerElyse Greenspan - Managing DirectorWilma Burdis - DirectorRyan Krueger - Managing Director Conference Call Participants Wes Carmichael - Senior AnalystJohn Barnidge - Managing Director & Se ...

Financial Data and Key Metrics Changes - Brighthouse Financial reported adjusted earnings of approximately $235 million for Q1 2025, which includes an unfavorable notable item of $10 million related to an actuarial model refinement [16] - The estimated combined risk-based capital (RBC) ratio was between 420% and 440%, within the target range of 400% to 450% in normal market conditions [14][19] - Statutory combined total adjusted capital (TAC) was approximately $5.5 billion at March 31, compared to approximately $5.4 billion at December 31 [14] Business Line Data and Key Metrics Changes - Total annuity sales were approximately $2.3 billion, including $2 billion in Shield sales, which increased 3% sequentially and 5% year-over-year [9] - Life insurance sales totaled $36 million, representing a 24% increase compared to Q1 2024 and a 9% increase sequentially [10] - The Annuities segment reported adjusted earnings of $324 million, relatively flat sequentially, while the Life segment reported adjusted earnings of $9 million, reflecting lower underwriting margins and higher expenses [18] Market Data and Key Metrics Changes - The company experienced strong sales growth in both annuities and life insurance, with a notable increase in the Shield annuity product suite [6][9] - The company is positioned as one of the top annuity providers in the United States, leveraging strong distribution relationships [9] Company Strategy and Development Direction - The company continues to focus on capital efficiency and has made progress on strategic initiatives aimed at simplifying its hedging strategy for variable annuities and Shield products [7][15] - The company is committed to protecting its statutory balance sheet under adverse market scenarios while navigating a competitive environment [8][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current macro environment and emphasized the importance of maintaining a robust liquidity position [12] - The company expects flows to be at or above 2024 levels, driven by a substantial amount of fixed-rate annuities coming out of surrender in the second half of 2025 [28][98] Other Important Information - Corporate expenses for the quarter were $239 million, higher than expected, but management anticipates normalization for the remainder of 2025 [11] - The company repurchased $59 million of common stock in the quarter, with an additional $26 million repurchased through May 6 [12][66] Q&A Session Summary Question: Clarification on the benefit of the 25 basis point increase in mean reversion point - Management indicated that the benefit to normalized statutory earnings was around $200 million [21] Question: Outlook on sales and fixed annuities - Management acknowledged softer sales in fixed annuities but noted efforts to build momentum and maintain competitive rates [24] Question: Trends in flows and surrender activity - Management expects flows to be at 2024 levels or higher, with a substantial amount of fixed-rate annuities coming out of surrender in 2025 [28][98] Question: RBC ratio and seasonal impacts - Management confirmed that the RBC ratio was stable, with seasonal impacts from capital charges expected to be modest in the first quarter [112] Question: Strategic initiatives and capital generation - Management emphasized ongoing efforts to unlock capital while remaining unconstrained from growth opportunities [117] Question: Industry transactions and market dynamics - Management is closely monitoring recent industry transactions and their potential implications for Brighthouse [104][106] Question: Share repurchase program details - Management provided details on the share repurchase program, indicating active buybacks in response to market conditions [66]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $99.9 million, more than doubled year over year, and was in line with guidance of $94 million to $104 million [25][35] - Non-GAAP gross margin was 30.7%, above the guidance range of 29% to 30.5%, and up from 28.9% in Q4 2024 [28][29] - Non-GAAP net loss for Q1 was $0.9 million or $0.02 per share, compared to a loss of $12 million or $0.31 per share in Q1 2024 [30] Business Line Data and Key Metrics Changes - CATV segment revenue was $64.5 million, up more than six times year over year and increased 24% sequentially, driven by 1.8 GHz amplifier shipments [25][26] - Data center products revenue was $32 million, up 11% year over year but down 28% sequentially due to inventory digestion [25][26] - Telecom segment revenue was $2.9 million, up 29% year over year but down 17% sequentially [27] Market Data and Key Metrics Changes - 70.8% of data center revenue came from 100 Gbps products, with 10% from 200 Gbps and 400 Gbps products, and 10% from 40 Gbps products [26] - The top 10 customers represented 97% of revenue, with one customer in CATV contributing 64% and another in data center contributing 27% [28] Company Strategy and Development Direction - The company is focused on expanding production capacity for 800 Gbps and higher transceivers, with plans to reach approximately 40,000 transceivers per month by the end of 2025 [13][24] - The company aims to return non-GAAP gross margin to around 40% in the long term, driven by manufacturing efficiencies and improved product mix [29] - The company is committed to onshoring production to meet customer demand for domestic manufacturing, particularly in light of tariff concerns [15][16] Management's Comments on Operating Environment and Future Outlook - Management noted strong demand in the CATV market and positive long-term growth trends in both CATV and data center markets [12][18] - The company expects a modest sequential decrease in CATV revenue in Q2 due to retooling for Motorola-style amplifiers [35] - Management remains vigilant regarding tariff impacts but does not expect significant effects in Q2 based on current information [12] Other Important Information - The company ended Q1 with $66.8 million in cash and equivalents, down from $79.1 million at the end of Q4 2024 [32] - Capital expenditures for the year are expected to be between $120 million and $150 million, with a focus on expanding production capacity [34] Q&A Session Summary Question: What is the status of channel inventory for cable TV products? - Management has good knowledge of inventory levels and is intentionally building inventory in anticipation of revenue ramp due to tariff concerns [37][38] Question: Can you clarify the retooling to Motorola-style amplifiers? - The company is shifting production to Motorola-style amplifiers and expects to have significant inventory of both products by June [52] Question: What is the long-term market outlook for 800 Gbps products? - The market for 800 Gbps is expected to grow significantly, with the company aiming to be a major supplier for Amazon and other hyperscale customers [55][76] Question: What is the margin differential between cable TV and data center transceivers? - Cable TV products currently have margins that are 300 to 600 basis points higher than data center products [81] Question: What is the qualification status for 800 Gbps products? - The company is in the final qualification phase for several customers and expects to ramp production significantly in the second half of the year [83][85]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $99.9 million, more than doubled year over year, and was in line with guidance of $94 million to $104 million [9][26] - Non-GAAP gross margin was 30.7%, above the guidance range of 29% to 30.5%, and improved from 28.9% in Q4 2024 and 18.9% in Q1 2024 [29][30] - Non-GAAP net loss for Q1 was $0.9 million or $0.02 per share, compared to a loss of $12 million or $0.31 per share in Q1 2024 [31] Business Line Data and Key Metrics Changes - CATV segment revenue was $64.5 million, up more than six times year over year and increased 24% sequentially, driven by shipments of 1.8 GHz amplifiers [10][26] - Data center products revenue was $32 million, up 11% year over year but down 28% sequentially due to inventory digestion by a major customer [10][26] - Telecom segment revenue was $2.9 million, up 29% year over year but down 17% sequentially [28] Market Data and Key Metrics Changes - 60% of revenue came from CATV products, 32% from data center products, and 3% from FTTH, telecom, and other [26] - Demand for certain 100G products surged in Q1, potentially related to tariff concerns, but supply constraints limited production [20][27] Company Strategy and Development Direction - The company is focused on expanding production capacity for 800G and higher transceivers, with plans to reach approximately 40,000 transceivers per month by mid-2026 [14][15] - The company aims to minimize tariff impacts by assessing supply chain and manufacturing operations, with a commitment to onshore production [17][35] - The company is actively engaging with customers, particularly in the hyperscale data center market, to expand revenue opportunities [19][68] Management's Comments on Operating Environment and Future Outlook - Management noted strong demand in the CATV market and positive long-term growth trends in both CATV and data center markets [12][13] - Tariffs had no material impact on Q1 financials, and management does not expect significant impact in Q2 based on current information [13] - The company expects Q2 revenue to be between $100 million and $110 million, with a modest sequential decrease in CATV revenue and an increase in data center revenue [36] Other Important Information - The company ended Q1 with $66.8 million in cash and equivalents, down from $79.1 million at the end of Q4 2024 [32] - Total debt, excluding convertible debt, was $46.1 million, slightly up from $46 million in the previous quarter [32] - The company raised $98 million net under a new at-the-market offering to fund investments in production and R&D [34] Q&A Session Summary Question: Understanding channel inventory for cable TV products - The company has good knowledge of inventory levels through reports from MSOs and channel partners, and there is an intentional inventory buildup due to tariff situations [38][40] Question: Progress with 800G products - The company expects to ramp up production capacity to about 100,000 pieces per month by the end of the year, with a significant revenue contribution anticipated in the second half [44][45] Question: Manufacturing in China - The company is not manufacturing any products with a country of origin in China for tariff purposes, although some operations occur there [46] Question: Retooling to Motorola style amplifiers - The company is shifting production to Motorola style amplifiers, expecting to have significant inventory of both products by June [54][55] Question: Long-term market for 800G - The market for 800G is expected to grow significantly, with the company positioned to capture a substantial share, particularly with major customers like Amazon [57][76] Question: CapEx needs and funding - The company has completed a significant ATM offering and is exploring other funding options, but remains confident in achieving profitability this year [60][61]

Core Viewpoint - Energy Transfer (ET) reported mixed financial results for Q1 2025, with adjusted earnings per unit exceeding expectations while total revenues fell short of estimates [1][2]. Financial Performance - Adjusted earnings for Q1 2025 were 36 cents per unit, beating the Zacks Consensus Estimate of 33 cents by 9.1% and increasing 12.5% from the previous year's figure of 32 cents [1]. - Total revenues amounted to $21 billion, missing the Zacks Consensus Estimate of $23.4 billion by 11% and decreasing 2.9% from $21.63 billion year-over-year [1]. - Total costs and expenses were $18.5 billion, down 3.7% year-over-year, attributed to lower costs of products sold [2]. - Operating income reached $2.5 billion, reflecting a 4.7% increase year-over-year [2]. - Interest expense, net of interest capitalized, was $809 million, which is 11.1% higher than the prior year [2]. Operational Developments - In February 2025, ET commissioned the first of eight 10-megawatt natural gas-fired electric generation facilities in Texas [2]. - Construction of Phase I of the Hugh Brinson Pipeline commenced, with all pipeline steel secured and currently being rolled in U.S. pipe mills [3]. - ET entered a long-term agreement with Cloudburst Data Centers, Inc. to supply natural gas for its AI-focused data center development [3]. - The company approved the construction of a new natural gas processing plant in the Midland Basin, with a capacity of nearly 275 million cubic feet per day, expected to be operational by Q2 2026 [4]. Financial Position - As of March 31, 2025, ET's long-term debt was $59.78 billion, slightly up from $59.75 billion as of December 31, 2024 [5]. - The partnership had an available borrowing capacity of $4.37 billion under its revolving credit facility [5]. - For the three months ending March 31, 2025, ET invested approximately $955 million in growth capital expenditures [5]. Guidance - ET expects its adjusted EBITDA for 2025 to be between $16.1 billion and $16.5 billion [6]. - The firm anticipates growth capital expenditures of approximately $5 billion and maintenance capital expenditures of about $1.1 billion for 2025 [6].