Market Overview - Major U.S. stock indexes finished mixed, with the Dow Jones Industrial Average down 0.9% to 48,996.08, S&P 500 down 0.3%, and Nasdaq up 0.16% to 23,584.27 [1] Applied Digital Corp. - Applied Digital shares fell 2.33% to close at $29.56, with an intraday high of $31.45 and a low of $29.52; after-hours trading saw a rise of 3.69% to $30.65 [2] - The company reported second-quarter results that exceeded expectations, achieving break-even EPS compared to a projected loss of 10 cents, and revenue of $126.6 million, up from $36.2 million year-over-year [2][3] Innovative Eyewear - Innovative Eyewear's stock surged 47.46% to close at $1.74, with a high of $2 and a low of $1.59; it fell 6.25% to $1.63 in after-hours trading [3] - The company reported preliminary unaudited fourth-quarter 2025 sales of about $1 million, a 45% year-over-year increase, with full-year 2025 revenue estimated at $2.7 million, a 65% increase from 2024 [4] - Innovative Eyewear holds approximately 44% of Amazon's smart safety glasses market, and its executives plan open-market share purchases, indicating confidence in growth [4] RTX Corporation - RTX Corporation's stock ended down 2.45% at $185.73, with a high of $193.79 and a low of $185.61; it gained 3.2% to $191.69 in after-hours trading [5] - The company secured a $438 million contract from the FAA for next-generation air traffic radars, aimed at enhancing the U.S. National Airspace System [5][6] Northrop Grumman Corp. - Northrop Grumman's stock declined 5.5% to close at $577.01, with an intraday high of $617.99 and a low of $574.51; it gained 5.5% to $608.90 in after-hours trading [7] - The decline followed criticism from President Donald Trump regarding defense contractors, but he proposed $1.5 trillion in defense spending for 2027, which positively impacted defense stocks [8] Intel Corp. - Intel's stock rose 6.52% to close at $42.63, with an intraday high of $44.57 and a low of $40.12; the stock's 52-week range is $17.66 to $44.57 [9] - The increase was driven by Intel's announcement of entering the handheld gaming market with a new processor and platform, aiming to capture a share of the growing gaming industry [9]

Core Viewpoint - Monarch Casino & Resort, Inc. reported strong financial results for the first quarter of 2025, with notable increases in net revenue, net income, and adjusted EBITDA, reflecting effective operational strategies and growth initiatives [2][6]. Financial Performance - Net revenue for Q1 2025 was $125.4 million, a 3.1% increase from $121.7 million in Q1 2024 [4][6]. - Net income rose to $19.9 million, an 8.7% increase compared to $18.3 million in the same period last year [6]. - Adjusted EBITDA reached $41.1 million, marking a 6.7% increase from $38.5 million in Q1 2024 [6][21]. - Basic EPS increased by 13.7% to $1.08, while diluted EPS rose by 12.9% to $1.05 [6][21]. Revenue Breakdown - Casino revenue increased by 5.0% year-over-year, while food and beverage (F&B) and hotel revenues saw slight declines of 0.5% and 0.4%, respectively [4][6]. - The decrease in F&B and hotel revenues was attributed to one less day in Q1 2025 compared to Q1 2024 and a reduction in available hotel rooms [4]. Operating Efficiency - The operating margin improved by 110 basis points to a record 32.8% [2]. - Selling, general and administrative (SG&A) expenses were $27.2 million, slightly up from $27.1 million, but as a percentage of net revenue, it decreased to 21.7% from 22.3% [5]. - Casino operating expenses as a percentage of casino revenue decreased to 37.7% from 38.0%, attributed to better labor management and operational efficiency [5]. Capital Expenditures and Investments - Capital expenditures for Q1 2025 totaled $16 million, funded from operating cash flow, focusing on the redesign and upgrade of guest rooms at Atlantis [7]. - The company is nearing completion of approximately $100 million in capital investments at Atlantis [3]. Dividend and Shareholder Returns - A cash dividend of $0.30 per share was paid on March 15, 2025, with plans for a similar dividend on June 15, 2025 [8][9]. - The company maintains a strong balance sheet and free cash flow, positioning it well for future investments and dividend payments [8]. Market Position - Monarch Black Hawk is recognized as a premier luxury casino resort in Colorado, gaining market share among mid-to-upper-tier guests from the Denver and Boulder metro areas [3].