Core Insights - North American Construction Group Ltd. (NACG) reported strong financial results for Q1 2025, with combined revenue of $391.5 million, marking a 13% increase from the previous year, driven by higher equipment utilization in Canada and increased fleet capacity in Australia [5][12][15] - The company faced operational challenges due to severe weather conditions, particularly excessive rainfall in Australia and cold weather in Canada, which impacted overall performance and margins [3][16][17] Financial Performance - Revenue for Q1 2025 was $340.8 million, a 15% increase from $297.0 million in Q1 2024, with heavy equipment segments in Australia and Canada growing by 18% and 13% respectively [12][23] - Adjusted EBITDA increased slightly to $99.9 million, a 3% rise from $97.4 million in the same quarter last year, despite weather-related operational challenges [5][16] - Net income decreased to $6.2 million from $11.5 million in Q1 2024, reflecting higher depreciation and interest expenses [6][23] Operational Highlights - The Fargo-Moorhead flood diversion project surpassed 65% completion, and early development work commenced at a copper mine in New South Wales [5] - The company successfully converted $73 million of debentures into common shares, enhancing its equity position [5] - A new $225 million senior unsecured financing was completed to bolster liquidity for ongoing infrastructure and mining projects [5][31] Strategic Focus - NACG aims to leverage its strong reputation in heavy civil infrastructure and mining sectors in Australia and North America, with a focus on securing new contracts and expanding existing scopes [3][29] - The company is committed to maintaining high safety standards, operational excellence, and sustainability in its projects [29] Liquidity and Capital Structure - As of March 31, 2025, NACG reported net debt of $867.5 million, reflecting an increase due to cash flow usage and growth spending [5][28] - Total available capital liquidity stood at $198.5 million, providing a solid foundation for funding organic growth and working capital investments [28][30] Future Outlook - NACG projects combined revenue for 2025 to be between $1.4 billion and $1.6 billion, with adjusted EBITDA expected to reach $445 million [32] - The company plans to focus on organic growth, diversification of customers, and strategic partnerships to enhance its market position [29][32]

Core Insights - Bird Construction's diversification and strategic focus on key market sectors have led to a resilient business model, driving top-line growth and margin improvement, with over $1.3 billion in new contracts awarded in Q1 2025 [1][2] - The company has a record backlog of contracted and awarded work, providing good visibility into revenue growth and margin accretion for 2025 and 2026 [1][2] Financial Highlights - Q1 2025 revenues increased by 4% year-over-year to $717.6 million, compared to $688.2 million in Q1 2024 [5][4] - Net income for Q1 2025 was $9.4 million, down from $10.0 million in Q1 2024, while adjusted earnings increased by 14% to $12.9 million [5][4] - Adjusted EBITDA rose by 41% to $34.1 million, with an adjusted EBITDA margin of 4.8%, up from 3.5% in the previous year [5][4] Backlog and Contracts - The backlog of contracted work grew by 16.4% to over $4.3 billion, the highest in the company's history, with $1.3 billion added in Q1 2025 [9][5] - The pending backlog at the end of Q1 2025 was $4.0 billion, including over $950 million in recurring revenue from master service agreements [9][5] Recent Projects and Awards - In Q1 2025, Bird was awarded five projects valued at approximately $470 million, including significant contracts in infrastructure and industrial maintenance [9][5] - Subsequent to Q1 2025, the company announced additional projects worth over $650 million, further expanding its portfolio [9][5] Liquidity and Capital Allocation - As of March 31, 2025, Bird had $137.8 million in cash and cash equivalents, with an additional $336.7 million available under its credit facility, supporting growth-related investments and potential acquisitions [9][5] - The company declared dividends of $0.07 per common share for March and April 2025 [9][5]

Key Highlights - Battalion Oil Corporation has continued its drilling operations, completing four wells in the Monument Draw area and drilling ahead of schedule on two additional wells in West Quito [2] - The company reported average daily net production of 11,900 Boe/d (53% oil) and total operating revenue of $47.5 million for Q1 2025, compared to 12,989 Boe/d (48% oil) and $49.9 million in Q1 2024 [4] - The acid gas injection facility treated approximately 18 MMcf/d on average during Q1 2025, with subsequent increases in daily rates to over 30 MMcf/d [3] Management Comments - The company is in the final stages of drilling operations on the last well of its six-well activity plan for 2025, with capital expenditures on the first well in West Quito approximately $1.0 million under AFE [2] - Recently completed wells in the Monument Draw field are expected to deliver over 1,000,000 barrels of oil ultimate recovery each [2] Results of Operations - Battalion reported a net loss available to common stockholders of $5.8 million, or a net loss of $0.35 per share for Q1 2025, compared to a net loss of $36.8 million, or $2.24 per share in Q1 2024 [6][12] - Adjusted EBITDA for Q1 2025 was $15.1 million, an increase from $9.4 million in Q1 2024 [6] Financial Performance - Lease operating and workover expenses increased to $11.01 per Boe in Q1 2025 from $10.55 per Boe in Q1 2024, primarily due to inflationary market increases [5] - General and administrative expenses rose to $4.12 per Boe in Q1 2025 from $3.44 per Boe in Q1 2024, driven by higher payroll and benefits costs [5] Liquidity and Balance Sheet - As of March 31, 2025, the company had $225.0 million in term loan indebtedness and total liquidity of $73.6 million [9] - Current assets increased to $111.4 million as of March 31, 2025, compared to $54.1 million a year earlier [14]

Financial Performance - The company declared a cash dividend of $0.05 per share for the quarter ended March 31, 2025, totaling $3.5 million, and plans to repurchase approximately $3.3 million of its common stock [1] - Total operating revenues for the three months ended March 31, 2025, were $151.4 million, a 12.9% increase from $134.2 million for the same period in 2024 [1] - Net income attributable to stockholders was $27.0 million for the three months ended March 31, 2025, compared to $22.6 million for the same period in 2024, reflecting a 19.8% increase [1][30] - EBITDA for the quarter was $74.3 million, up from $72.8 million in the prior year [1][30] - Basic earnings per share increased to $0.39 for the three months ended March 31, 2025, compared to $0.31 for the same period in 2024 [1][30] Operational Highlights - The average daily time charter equivalent (TCE) rate across the fleet was $30,476 for the three months ended March 31, 2025, compared to $28,339 for the same period in 2024 [3][36] - Fleet utilization remained strong at 92.4% for the three months ended March 31, 2025, compared to 89.3% for the same period in 2024 [4][36] - The company had an average of 30 vessels engaged under time charters and 20 vessels on spot voyage charters during the quarter [6] Debt and Liquidity - The company increased its debt by $48.6 million to $902.1 million during the three months ended March 31, 2025 [1] - As of March 31, 2025, the company had cash, cash equivalents, and restricted cash totaling $139.0 million [1][53] - The company entered into a Senior Secured Term Loan and Revolving Credit Facility for up to $300 million on May 2, 2025, to refinance existing loans and for general corporate purposes [14][55] Market Conditions - U.S. domestic ethylene prices were elevated at the beginning of the first quarter, reaching a high of $700 per metric ton in January, but fell to $450 per metric ton by the end of March 2025 [5] - The company’s share of results from the Ethylene Export Terminal showed a loss of $0.9 million for the three months ended March 31, 2025, compared to a gain of $4.4 million for the same period in 2024, primarily due to lower export volumes [10][48] Shareholder Returns - The company’s Return of Capital policy includes quarterly cash dividends and share repurchases, targeting a total return of at least 25% of net income for the applicable quarter [23][24] - A new share repurchase plan was authorized on May 13, 2025, allowing for the repurchase of up to $50 million of common stock [22]

HOUSTON, May 14, 2025 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported first quarter 2025 financial and operating results. First Quarter 2025 Highlights: Epsilon - Q1 2025 Q1 2025Q4 2024Q1 2024QoQ%YoY%NRI Production <td colspan="2" style="border-right: solid black 1pt ; text-align: right ; vertical-align: mid ...

Core Insights - Journey Medical Corporation reported total net product revenues of $13.1 million for Q1 2025, consistent with $13.0 million in Q1 2024, with $2.1 million attributed to the launch of Emrosi [3][15] - The gross margin improved to 64% in Q1 2025 from 54% in the prior year, driven by lower product costs [3] - The company experienced a net loss of $4.1 million, or $(0.18) per share, for Q1 2025, a significant reduction from a net loss of $10.4 million, or $(0.53) per share, in Q1 2024 [3][21] Financial Performance - Cash and cash equivalents increased to $21.1 million as of March 31, 2025, compared to $20.3 million at the end of 2024 [3] - Research and development costs were nil in Q1 2025, down from $7.9 million in Q1 2024, which included pre-approval expenses for Emrosi [3] - Selling, general, and administrative expenses rose by $2.1 million to $10.6 million in Q1 2025, primarily due to activities related to Emrosi's launch [3] Product Launch and Market Position - Emrosi, an oral treatment for rosacea, had a strong launch with initial prescriptions filled in late March 2025 and was included in the updated National Rosacea Society Treatment Algorithms [2][10] - The Phase 3 clinical trial results for Emrosi were published in JAMA Dermatology, demonstrating statistical superiority over Oracea and placebo [2][10] - The company aims for sustainable positive EBITDA and profitability in 2025, viewing it as a transformational year [2] Corporate Developments - Journey Medical appointed Ramsey Alloush as Chief Operating Officer in April 2025 [10] - The company held a conference call on May 14, 2025, to discuss its financial results and strategic objectives [5][6]

Core Insights - Usio, Inc. reported a 34% increase in total payment dollars processed, reaching $2.0 billion in the first quarter of 2025 compared to $1.5 billion in the same period of 2024 [1][6] - The company achieved positive Adjusted EBITDA of $0.7 million, reflecting improved operational performance and strong cash management [2][4] - The growth in payment processing was primarily driven by a 42% increase in ACH electronic check dollar volume and a 36% increase in ACH transactions [2][7] Financial Performance - Revenues for the first quarter of 2025 were $22.0 million, up 5% from $20.97 million in the prior year, mainly due to strong growth in ACH and complementary services [3][8] - ACH and complementary services revenue grew by 30%, while credit card revenues increased by 4% and PayFac revenues surged by 25% [10][8] - Gross profit for the quarter was $4.8 million, with gross margins declining to 21.9% from 23.1% a year ago, primarily due to lower interest revenues [10][4] Operational Metrics - Total payment transactions processed in Q1 2025 reached 13.7 million, a 41% increase year-over-year [6] - The company set records in its credit card segment, with dollars processed up 17% and transactions processed up 65% compared to the previous year [7] - Operating cash flows improved significantly to $1.4 million from $0.1 million in the same period last year, driven by a reduction in accounts receivable [13] Strategic Outlook - The company has a strong implementation queue from signed deals, indicating potential for future revenue growth [2][5] - Usio is focused on expanding its market presence and strengthening its financial position, with a commitment to disciplined cost control [5][2] - The company ended the quarter with $8.7 million in cash and cash equivalents, reflecting a $0.7 million increase during the first three months of the year [13]

IRVING, Texas, May 14, 2025 (GLOBE NEWSWIRE) -- Sow Good Inc. (Nasdaq: SOWG) ("Sow Good" or "the Company"), a trailblazer in the freeze dried candy and treat industry, is reporting financial and operating results for first quarter ended March 31, 2025. "We're encouraged by the progress we made in the first quarter of 2025, particularly the successful everyday launches at Winn-Dixie, Ace Hardware, and Orville Hardware, as well as Holiday launches at Albertsons" said Claudia Goldfarb, CEO of Sow Good. "While ...

Core Insights - Creative Realities, Inc. reported a first quarter revenue of $9.7 million for fiscal 2025, down from $12.3 million in the same period of fiscal 2024, primarily due to installation timing issues [4][10] - The company announced a significant contract with a well-known restaurant chain to transform hundreds of locations across the U.S., which is expected to drive growth in the second half of 2025 [3][10] - The company ended the first quarter with an annual recurring revenue (ARR) of approximately $17.3 million, an increase from $16.8 million at the end of 2024 [5][10] Financial Performance - Consolidated gross profit for the first quarter was $4.5 million, compared to $5.8 million in the prior-year period, with a gross margin of 45.7% [5][10] - Operating loss for the first quarter was approximately $0.7 million, compared to a loss of $0.1 million in the same period last year [7][10] - The company reported a net income of $3.4 million, or $0.32 per diluted share, in the first quarter of fiscal 2025, compared to a net loss of $0.1 million, or $(0.01) per diluted share, in the prior-year period [7][10] Cost Management - Sales and marketing expenses decreased to $1.2 million from $1.5 million in the prior-year period, while general and administrative expenses fell to $3.9 million from $4.4 million [6][10] - Adjusted EBITDA for the first quarter was $0.5 million, down from $0.8 million in the prior-year period [8][10] Balance Sheet and Debt - As of March 31, 2025, the company had cash on hand of approximately $1.1 million, compared to $1.0 million at the end of 2024 [11][10] - Total debt was approximately $23.2 million, down from $25.8 million at the start of the fiscal year, primarily due to a $5.8 million reduction in contingent liabilities [11][10] - The trailing twelve-month gross and net leverage ratios utilizing Adjusted EBITDA were 4.91x and 4.67x, respectively, compared to 2.59x and 2.39x at the beginning of 2025 [12][10]

Financial Performance - Riskified's Q1 2025 revenue reached $82.4 million, an 8% year-over-year increase[51, 56] - The company achieved positive Adjusted EBITDA of $1.3 million in Q1 2025, marking the sixth consecutive quarter of positive Adjusted EBITDA[51, 58] - Riskified repurchased 4.1 million shares in Q1 2025 at a total cost of $20.7 million[59, 65] - The company maintains its 2025 revenue guidance between $333 million and $346 million, with an Adjusted EBITDA guidance between $18 million and $26 million[61] Business Growth & Diversification - Riskified's GMV for FY2024 was over $140 billion[16, 20] - Revenue from products outside of the core Chargeback Guarantee product increased by approximately 190% year-over-year[64] - The company is expanding into new verticals, including Money Transfer & Payments, which experienced over 90% year-over-year revenue growth in Q1 2025[63] - Riskified is diversifying geographically, with eight of the top ten new Chargeback Guarantee logos representing wins outside of the United States in Q1 2025[62] Platform & Technology - Riskified's platform has reviewed over 4 billion historical eCommerce transactions and includes over 950 million unique consumers in its network[40] - The company's non-GAAP operating expenses as a percentage of revenue decreased from 53% to 48% year-over-year, indicating improved expense management[57]