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Bitcoin’s Record High: What Will Happen Next, and Is It Unwise to Invest Now?
Yahoo Finance· 2025-10-06 20:10
Bitcoin is back in all-time high territory. The US government shutdown’s helped propel the world’s biggest cryptocurrency beyond $125,000 as investors dump dollars and seek harder assets instead. We’re also now into the fourth and final quarter of the year, which is when BTC tends to perform strongest. It’s surged by an average of 79.6% in past Q4s. Total returns stood at 47.7% in 2024, and 56.9% in 2023. So… what are going to be the dominant themes for Bitcoin as 2025 draws to a close? Cryptonews has ass ...
Klarna Shares Drop Below IPO Price Amid Widespread Tech Slump
PYMNTS.com· 2025-09-27 00:29
Company Overview - Klarna's shares fell to $38.31, below the $40 IPO price from its debut on September 10, marking the first time the stock has traded below its initial offering price [2] - The company experienced a significant drop in stock value amid a broader decline in technology stocks, attributed to economic data suggesting the Federal Reserve may not pursue further interest rate cuts [2][3] Industry Context - The FinTech sector, including companies like Klarna, is particularly sensitive to macroeconomic factors such as interest rates and regulatory changes [3] - The FinTech IPO Index saw a decline of 3.5% this past week, reversing some recent gains [3] - Other FinTech companies, such as Affirm and Block, also experienced stock declines on the same day as Klarna [2] Market Performance - The overall market for cryptocurrencies faced a significant downturn, with a reported loss of over $140 million in market value since the beginning of the week [4] - Ether's price dropped by 4.7% to its lowest point in nearly seven weeks, while Bitcoin fell by 1.7% [5] Product Development - Klarna reported that over 1 million Americans signed up for its Klarna Card within 11 weeks of its launch on July 4, which allows users to choose between debit or pay-later options [6]
Alto Ingredients, Inc. Reports Second Quarter 2025 Results
Globenewswire· 2025-08-06 20:05
Core Insights - Alto Ingredients, Inc. reported a gross profit increase of $5.6 million in Q2 2025 compared to Q2 2024, despite facing challenges in net sales and gross loss [1][4][6]. Financial Performance - For the three months ended June 30, 2025, net sales were $218.4 million, down from $236.5 million in the same period of 2024 [6][15]. - Cost of goods sold decreased to $220.4 million from $228.9 million year-over-year [6][15]. - The company experienced a gross loss of $1.9 million, compared to a gross profit of $7.6 million in Q2 2024 [6][15]. - Selling, general and administrative expenses were reduced to $6.2 million from $9.0 million [6][15]. - Interest expense increased to $2.8 million from $1.7 million [6][15]. - The net loss attributable to common stockholders was $11.3 million, or $0.15 per share, compared to a net loss of $3.4 million, or $0.05 per share, in Q2 2024 [6][15]. - Adjusted EBITDA was negative $0.2 million, an improvement from negative $5.9 million in the prior year [6][15]. Operational Highlights - The Western assets generated gross profit due to the acquisition of a liquid CO2 facility and strategic operational adjustments, including cold-idling the Magic Valley facility [2][3]. - The marketing and distribution segment improved through the integration of bulk sales customers and the continuation of profitable third-party ethanol marketing relationships [2][3]. - The company capitalized on operational flexibility by selling higher-margin ISCC export products into Europe [2][3]. Regulatory Environment - Positive regulatory developments, such as the extension of the 45Z credit through 2029, are expected to enhance the earnings profile and intrinsic valuation of the company's facilities [3]. - The company anticipates applying for credits amounting to nearly $18 million over the next two years based on targeted carbon intensity scores [3]. Sales and Production Metrics - Total renewable fuel gallons sold decreased to 66.8 million in Q2 2025 from 74.1 million in Q2 2024 [22][23]. - Specialty alcohol gallons sold were 19.9 million, down from 21.0 million year-over-year [22][23]. - The average market price for ethanol was $1.72 per gallon, slightly lower than the previous year [23][24].
Verrica Pharmaceuticals, Inc. (VRCA) Q1 2025 Corporate Update Conference Call
Seeking Alpha· 2025-05-13 22:33
Group 1 - Verrica Pharmaceuticals held its Q1 2025 Corporate Update Conference Call on May 13, 2025, with key participants including the CEO, CFO, and COO [1][3] - The call included discussions on the commercialization of YCANTH for treating molluscum contagiosum in the U.S., revenue growth, regulatory developments, and the company's product candidates [4][5] - Management emphasized the importance of forward-looking statements regarding the company's business strategy and operations, highlighting potential risks and uncertainties [4][5]