Core Insights - Twin Vee PowerCats Co. has elected Carol Craig and Larry Swets, Jr. to its Board of Directors, effective December 4, 2025, following the departure of Marcia Kull and Neil Ross [1][5] Group 1: Board Member Profiles - Larry Swets, Jr. brings over 25 years of experience in financial services and is currently the Executive Chairman of Saltire Capital, Ltd. He has extensive governance experience and holds a Master's Degree in Finance [2][3] - Carol Craig is the founder and CEO of Sidus Space, a space and defense technology firm. She has a strong background in advanced technology solutions and is pursuing an MBA and a PhD in Systems Engineering [3][4] Group 2: Company Overview - Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boats brands, known for their stable, fuel-efficient, and smooth-riding catamaran hull designs [6][7] - The company has been building and selling boats for 30 years and is recognized as a leading brand in the catamaran sport boat category [6][7]

Core Insights - Shawbrook has extended its partnership with One Stop Business Finance (OSBF) by providing a £65 million ($87.2 million) revolving loan facility to Castelnau Group, marking a significant development in their collaboration [1][3] - The lending agreement with OSBF has been enhanced by 50% to reach £30 million, reflecting the growth and mutual objectives of both companies over the past six years [1][2] Group 1: Shawbrook and OSBF Partnership - OSBF, established in 2014, specializes in asset-based financial services for small and medium-sized enterprises (SMEs), including bridging finance and working capital loans [2] - The initial engagement between OSBF and Shawbrook began in 2019 with a £3 million revolving credit line, which has seen progressive increases, culminating in a loan book exceeding £50 million [2][3] - Shawbrook's director Matthew Newman highlighted the strong demand for funding and support provided by OSBF, indicating a robust relationship between the two entities [3] Group 2: Castelnau Group Loan Facility - The £65 million revolving loan facility for Castelnau Group is notable for its size and the substantial initial drawdown, which exceeded 90% of the facility [4] - Castelnau Group, managed by Phoenix Asset Management Partners, focuses on investing in UK-based small to mid-cap private companies, emphasizing sustained value growth and strategic capital deployment [4] - Shawbrook's director Ismail Farhat expressed confidence in Castelnau's business model and track record, indicating a commitment to support their growth and operational strengthening [5]

Core Insights - Jyong Biotech Ltd. is a Taiwan-based biotechnology company focused on developing innovative plant-derived drugs for urinary system diseases, targeting markets in the U.S., EU, and Asia [1][3] - The chairwoman and CEO, Fu Feng Kuo, will speak at The 2025 Global Business Forum, discussing how Taiwan's biotech and medical industries can align with global trends [2][3] Company Overview - Jyong Biotech Ltd. was founded in 2002 and has developed integrated capabilities across all key drug development functions, including drug discovery, clinical trials, regulatory affairs, manufacturing, and commercialization [3] - The company is advancing several botanical drug candidates, including its primary candidate BOTRESO and other clinical and preclinical candidates [3] Event Details - The Global Business Forum aims to facilitate direct dialogue between U.S. biotech decision-makers and Taiwan's leading drug development enterprises, focusing on strategic themes such as innovative drug technology development, cross-border clinical collaboration, and strategic capital deployment [2][6]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $62,500,000, representing a 17% sequential increase from Q4 2024 [12] - Adjusted EBITDA was positive at $2,700,000 in Q1 2025, compared to a negative $4,800,000 in Q4 2024 [19] - Net loss for Q1 2025 was $500,000, or a loss of $0.01 per diluted share, compared to a net loss of $15,500,000, or a loss of $0.32 per diluted share in Q4 2024 [19] - Selling, general and administrative expenses decreased by approximately 34% sequentially to $6,500,000 in Q1 2025 [19] Business Line Data and Key Metrics Changes - Well Completions Services segment generated revenue of $20,900,000 with an average of 1.3 active pressure pumping fleets, up from $15,800,000 with 1.1 active fleets in Q4 2024 [14] - The Sands segment sold approximately 189,000 tons of sand at an average sales price of $21.49 per ton in Q1 2025, compared to 129,000 tons at $22.54 per ton in Q4 2024 [15] - Infrastructure Services segment revenue was $30,700,000 for Q1 2025, a 10% sequential increase compared to Q4 2024 [17] Market Data and Key Metrics Changes - The company anticipates increased competition in gas basins due to strong fundamental support for natural gas later in 2025 and into 2026 [11] - Macroeconomic uncertainty, tariff implications, and OPEC plus production increases have placed significant pressure on the energy market and commodity prices [15] Company Strategy and Development Direction - The company plans to evaluate strategic opportunities to add accretive assets while maintaining a strong balance sheet [5] - Following the sale of three subsidiaries, the company will focus on engineering and fiber within the Infrastructure Services segment [17] - The company aims to strategically deploy capital to grow existing businesses generating the greatest returns [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the first quarter results and noted incremental growth in key financial metrics [10] - There is recognition of uncertainty in the market stemming from tariffs, economic conditions, and geopolitical events [10] - The company expects to manage costs effectively in response to potential weakness in utilization [27] Other Important Information - As of March 31, 2025, the company had unrestricted cash on hand of approximately $56,700,000, with total liquidity of approximately $79,400,000 [21] - After completing the sale of three subsidiaries and purchasing eight aircraft, unrestricted cash on hand increased to $135,400,000 as of May 2, 2025 [21] Q&A Session Summary Question: Can you talk about the uplift in volumes in the sand business and your outlook for the rest of the year? - Management noted strong demand in Western Canada for sand pricing and expects a stable environment to persist through 2025 [25] Question: What cost actions could be taken in the event of potential weakness in the back half of the year? - Management indicated that the biggest lever for the pressure pumping business is on staffing and repairs and maintenance, and they have historically managed costs effectively [26][27]