Core Viewpoint - Capstone Holding Corp. is implementing a cost rationalization program aimed at achieving positive free cash flow and EBITDA by Q2 2026 through immediate overhead reductions and aligning management compensation with shareholder equity [1][2]. Financial Impact - The company has initiated a program that will result in approximately $2.0 million in annualized corporate overhead savings, effective immediately [2][9]. - The expected reduction in operating expenses (OpEx) is around $1.7 million for FY 2026, which will positively impact the bottom line [3][9]. - The CEO has voluntarily reduced his annual base cash salary to $1.00, aligning executive compensation with shareholder equity appreciation [3][9]. - Management targets a positive EBITDA run-rate starting in Q2 2026, independent of revenue growth, which will enhance Capstone's financial stability against macroeconomic fluctuations [9]. Strategic Focus - The company is prioritizing asset efficiency and directing resources towards the proprietary Instone Inventory Portal to optimize supply chains across its 38-state footprint, aiming for greater margin efficiency [5]. - The material impact of the cost reductions is expected to be visible in the first quarter of 2026, with clearer results by the quarter ending June 30, 2026 [5]. Future Guidance - Capstone plans to release an earnings power presentation by the first week of February, outlining various EBITDA expectations under different macroeconomic scenarios [6]. Company Overview - Capstone Holding Corp. is a technology-enabled building products distribution platform operating across 38 U.S. states and Canada, focusing on optimizing supply chains and delivering proprietary building materials [7].

Core Viewpoint - Marti Technologies, Inc. expects to exceed its 2025 guidance and has set strong guidance for 2026, anticipating $70 million in revenue and positive adjusted EBITDA, representing over 2x year-over-year revenue growth [1][4]. Financial Outlook - For 2026, Marti projects revenue of $70 million, an increase of $36 million from the 2025 guidance of $34 million [4]. - The company anticipates achieving positive adjusted EBITDA of $1 million in 2026, a turnaround from the projected $(17) million in 2025, reflecting an improvement of $18 million [4]. Growth Drivers - Key factors driving the anticipated revenue growth and positive adjusted EBITDA include: 1. Increased ride-hailing trip volumes leading to operating leverage 2. Improved unit economics in monetized markets 3. Scaling of delivery services [2][9] - The company is focused on expanding its ride-hailing services across Türkiye, targeting an under-developed transportation and last-mile market [3]. Company Overview - Founded in 2018, Marti is Türkiye's leading mobility app, offering a range of transportation services including ride-hailing, delivery services, and a fleet of rental e-mopeds, e-bikes, and e-scooters [10].

Core Insights - BetMGM has reported a strong start to 2025, with confidence in achieving positive EBITDA for the full year, supported by solid underlying activity trends and successful execution of its strategic plan [2][6][10] Financial Performance - In Q1 2025, BetMGM's total net revenue reached $657 million, a 34% increase year-over-year, driven by significant growth in both iGaming and Online Sports [4][7] - iGaming revenue was $443 million, up 27% year-over-year, while Online Sports revenue surged to $194 million, reflecting a 68% increase [4][6] - The handle for Online Sports increased by 29% year-over-year, reaching $4,088 million [4][7] - EBITDA for Q1 2025 was $22 million, a substantial improvement of $154 million compared to the same quarter in the previous year [4][7] Operational Highlights - BetMGM's average monthly active users increased by 6% year-over-year to 1,067 thousand, indicating strong player engagement [4][7] - The company achieved a 110 basis points improvement in net gaming revenue (NGR) margin year-over-year [4][10] - Active player days rose by 39% year-over-year, driven by unique content across real-money and free-to-play games [10] Strategic Outlook - BetMGM reaffirms its expectations for FY 2025 to be EBITDA positive, with net revenue guidance set between $2.4 billion and $2.5 billion [10] - The company anticipates Online Sports to be contribution positive for FY 2025 and aims for $500 million EBITDA in the coming years [10]