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Affirm CEO: Profits will be the name of the game from now on
Yahoo Finance· 2025-09-10 16:12
Core Insights - Affirm is positioned for profitability after years of investments impacting its bottom line, with gross merchandise volume (GMV) increasing by 43% year-over-year to $10.4 billion and revenue rising by 33% to $876 million, marking the company's first operating profits [1] Financial Performance - The Affirm card contributed significantly to growth, with GMV increasing by 132% to $1.2 billion and active cardholders rising by 97% to 2.3 million [2] - For the upcoming fiscal year, Affirm anticipates approximately 25% growth in GMV [2] Strategic Expansion - The company plans to expand internationally following successful launches in the UK and Canada, with a focus on enhancing the Affirm card's use cases [3] - New features and experiences for the Affirm card are in development to ensure its usability in various markets, as demonstrated by recent successful transactions in Norway [3] Market Sentiment - Affirm's stock has increased by 44% year-to-date, with a majority of sell-side analysts (36 out of 44) rating the stock as a Strong Buy or Buy [4] - Analysts express confidence in Affirm's growth trajectory, citing core growth, new channels gaining scale, and accelerating profitability, while acknowledging potential volatility due to consumer spending trends [5]
Vivakor Confirms Special Dividend of Adapti, Inc. Record Date Set for August 20, 2025
GlobeNewswire News Room· 2025-07-31 12:30
Core Points - Vivakor, Inc. announced a special dividend plan for shareholders with a record date of August 20, 2025 [1] - The company holds approximately 13.5% of Adapti, Inc.'s outstanding shares, which will be distributed as part of the special dividend [2][3] - Each Vivakor shareholder will receive approximately 0.0079 shares of Adapti, Inc. common stock per Vivakor share, valuing the special dividend at approximately $0.75 million based on Adapti's current share price of $3.50 [3] Company Overview - Vivakor, Inc. is an integrated provider of energy transportation, storage, reuse, and remediation services, operating one of the largest fleets of oilfield trucking services in the continental United States [6] - The company's mission focuses on developing, acquiring, and operating assets in the energy sector, providing services under long-term contracts [6] - Vivakor's oilfield waste remediation facilities aim to recover, reuse, and dispose of petroleum byproducts and oilfield waste products [7] Recent Developments - Adapti, Inc. has become a mandatory SEC reporting company after filing its Form 10 Registration Statement in September 2024 and its Annual Report on 10K for the period ended March 31, 2025 on July 3, 2025 [4] - Adapti, Inc. acquired The Ballengee Group, LLC, a sports management agency representing approximately 200 professional athletes, on July 14, 2025 [5]