MIAMI, FL, Oct. 09, 2025 (GLOBE NEWSWIRE) -- ONAR Holding Corporation (OTCQB: ONAR), a fast-growing marketing technology company and global network of specialized agencies, today announced the merger of Storia and JUICE, unifying its performance marketing capabilities under a single brand, JUICE. The decision follows ONAR’s recent acquisition of JUICE and is expected to streamline delivery, accelerate growth, and improve margins as ONAR continues to execute its focused M&A and integration strategy. This ann ...

Core Insights - Brunswick Corporation is consolidating its global fiberglass boat manufacturing footprint to reduce fixed costs and enhance productivity while maintaining capacity for future growth [1][2] - The company will close its Reynosa, Mexico facility and transition production to U.S. facilities in Vonore, Tennessee, and Merritt Island, Florida, as well as consolidate operations from Flagler Beach, Florida, to Edgewater, Florida [2][3] - Brunswick is investing $5 million in capital improvements in its Tennessee and Florida facilities, which will create over 200 U.S. manufacturing jobs in the coming years [3][4] Manufacturing Strategy - The decision to close the Reynosa facility is part of a broader strategy to rationalize the value boat model portfolio in response to evolving market dynamics affecting industry-wide volumes [3] - The company has sufficient capacity within its manufacturing footprint to absorb volume and support future market rebounds, aiming for improved profitability through streamlined operations [4] Workforce Transition - Brunswick is committed to supporting the transition of team members from the Reynosa facility and will offer opportunities for employees from the Flagler Beach facility to transfer to Edgewater [3][4] - Recruitment efforts will soon be launched to fill new positions across various functions, reinforcing the company's commitment to growth and long-term investment [4]

Group 1 - Cenovus Energy (CVE) is in advanced discussions with Canadian Indigenous groups to acquire MEG Energy, with a proposed C$2 billion ($1.45 billion) equity stake from First Nations and Métis communities [1][5] - MEG Energy is currently resisting a hostile C$6 billion offer from Strathcona Resources, prompting a strategic review to explore alternatives [2][4] - The acquisition of MEG's Christina Lake oil sands operation would create operational synergies and support long-term production growth for Cenovus [3][4] Group 2 - The Indigenous ownership aspect may facilitate regulatory approvals and aligns with the Canadian government's push for greater equity participation in resource projects [5][6] - The success of Cenovus's joint approach may depend on the speed of formalizing terms with Indigenous partners and the strategic benefits recognized by MEG's board [6]

Core Business Performance - The company reported core business revenue of $14.4 million for the first quarter of 2025, representing an 8% increase from $13.4 million in the same period last year [9] - Gross margin decreased to 41% from 46% year-over-year, while adjusted gross margin fell to 44% from 50% [9] - The adjusted EBITDA loss improved to $9.0 million from a loss of $13.6 million, marking a 33% year-over-year improvement [9] Financial Overview - The net loss for the first quarter of 2025 was $24.0 million, down from a loss of $35.0 million, indicating a 31% improvement year-over-year [9] - Total cash, cash equivalents, deposits, and investable securities amounted to $840 million as of March 31, 2025, down from $907 million year-over-year [9] - Research and development expenses decreased to $5.0 million from $9.1 million, while sales and marketing expenses fell to $5.5 million from $6.5 million [9][10] Strategic Initiatives - The company is targeting over $20 million in annualized operating cost savings starting from Q4 2025 through various measures, including discontinuation of underperforming product lines and targeted headcount reductions [5][10] - Following the acquisition of Markforged in April 2025, the company is focused on achieving operational synergies and aligning financial and operational standards [6] - The company launched new products, including FOX Ultra and PUMA Ultra, as part of its innovation strategy [10] Recent Developments - The company is undergoing a strategic assessment of Desktop Metal to address its liabilities and liquidity issues [10] - The board of directors has been strengthened with the addition of technology and growth experts to enhance corporate governance [10] - A conference call is scheduled to discuss financial results and strategic outlook, indicating ongoing communication with shareholders [12]