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Jaylen Brown, Abdulla Al Zain & Ahsan Ashraf Join Board to Drive Innovation & Global Expansion; Riz Shah Named Chairman
Globenewswire· 2025-07-11 12:30
Core Insights - Hapbee Technologies, Inc. has completed transformative changes to its Board of Directors, marking a significant step in its growth roadmap [1][3] - The new board is expected to guide the company through its most exciting growth phase, leveraging diverse experience across various sectors and geographies [3][4] Leadership Update - Rizwan "Riz" Shah has been appointed as the Chairman of the Board, bringing over 25 years of experience in growth and transformation strategies [3][4] - The board now includes members with expertise in innovation, legal, finance, global strategy, and commercialization, enhancing its capability to drive Hapbee's growth [4][6] Company Overview - Hapbee is a digital wellness technology company focused on helping users optimize sleep, performance, and overall well-being through its patented ultra-low radio frequency energy (ulRFE®) technology [4][6] - The company's products and subscriptions are available for purchase online and through a growing network of distributors [4]
Digital subscription results of AS Ekspress Grupp in the second quarter of 2025
Globenewswire· 2025-07-11 05:00
Core Insights - The number of digital subscriptions for AS Ekspress Grupp increased by 10% year-over-year, totaling 244,884 by the end of June [1][2] - The growth in digital subscriptions in Latvia and Lithuania was particularly strong, with increases of 23% and 11% respectively [3] - The company aims to reach a long-term goal of 340,000 digital subscribers in the Baltic States by the end of 2026 [5][8] Digital Subscription Performance - AS Delfi Meedia's digital subscriptions rose by 12% year-over-year, reaching 119,811 [7] - AS Õhtuleht Kirjastus saw a decrease of 10% year-over-year in digital subscriptions, totaling 24,460, although it experienced a 2% increase in the last quarter [4][7] - Geenius Meedia OÜ's digital subscriptions decreased by 1% year-over-year, totaling 7,388 [7] - In Latvia, Delfi A/S's digital subscriptions increased by 23% year-over-year, totaling 33,840 [7] - In Lithuania, Delfi's digital subscriptions increased by 11%, totaling 47,758, while Lrytas UAB's subscriptions increased by 13%, totaling 11,627 [7] Market Outlook - The Baltic digital subscriptions market has significant growth potential, especially in Latvia and Lithuania [5] - The company is focused on increasing digital subscribers across all markets, indicating a positive growth trend [4][5]
Air T Stock Rises After FY25 Earnings Boost From Cargo, Parts Units
ZACKS· 2025-07-02 17:40
Core Insights - Air T, Inc. (AIRT) shares increased by 9.4% following the fiscal year earnings report, outperforming the S&P 500 Index's 0.9% gain during the same period [1] - The company reported revenues of $291.9 million for the fiscal year ended March 31, 2025, marking a 1.7% increase from the previous year's $286.8 million [2] - Despite operational gains, AIRT posted a net loss per share of $2.23, an improvement from $2.42 in the prior fiscal year [2] Revenue and Earnings Overview - Operating income rose by 50.9% to $1.9 million from $1.3 million, while adjusted EBITDA improved to $7.4 million, reflecting an 18.9% increase from fiscal 2024 [2] - The adjusted EBITDA margin improved to 2.5% in fiscal 2025 from approximately 2.2% a year earlier, driven by cost discipline and a favorable sales mix [7] Segment Performance - Overnight Air Cargo segment revenues increased by 7.3% to $124 million, driven by higher labor revenue and administrative fees [3] - Ground Support Equipment revenues rose by 4.8% to $38.9 million, with an order backlog increasing to $14.3 million from $12.6 million [4] - The Commercial Aircraft, Engines and Parts segment saw a revenue decline of 5.8% to $118.2 million, but adjusted EBITDA surged by 60.7% to $9.8 million [5] - Digital Solutions segment revenues grew by 25.7% to $7.3 million, although it posted an adjusted EBITDA loss of $0.3 million due to higher personnel expenses [6] Key Business Metrics - AIRT's equity method investment balance grew to $19 million from $16.7 million, indicating expansion in joint ventures and non-operating assets [7] - FedEx dry-lease arrangements accounted for 39% of total consolidated revenues in fiscal 2025, up from 36% in fiscal 2024 [8] Management Commentary - Chairman and CEO Nick Swenson expressed optimism about the company's progress in building long-term shareholder value and highlighted new products and marketing initiatives [9] - Management continues to repurchase shares in the open market, aligning with shareholder interests [9] Future Outlook - AIRT did not provide specific numeric guidance for fiscal 2026 but plans to invest in engine parts inventory and expand commercial aircraft leasing activities [13] - The launch of Runway Aero Advisors LLC in January 2025 reflects a strategy to enhance capital-raising and advisory capabilities [15] Financial Developments - On March 31, 2025, AIRT amended its credit agreement with Alerus Bank, adding a $3 million Overline Note and a $14 million revolving credit facility, enhancing financial flexibility [14]
Microsoft to slash 9,000 jobs in latest brutal cut amid AI push: report
New York Post· 2025-07-02 15:20
Group 1 - Microsoft announced layoffs of approximately 9,000 workers, representing less than 4% of its global workforce, as part of its restructuring efforts [1][4] - The company has already cut over 10,000 jobs in 2023, including a previous round of layoffs in May that affected more than 6,000 positions [4][5] - The layoffs aim to streamline management layers and reallocate resources towards artificial intelligence initiatives [1][3] Group 2 - Microsoft reported nearly $26 billion in net income and $70 billion in revenue for the most recent quarter, exceeding Wall Street expectations [3] - The company is projecting a strong revenue growth of 14% year-over-year, driven by its Azure cloud business and corporate software subscriptions [6] - Microsoft shares have increased by more than 17% so far this year [6] Group 3 - The company is considering pausing negotiations with OpenAI regarding the size of its future stake, while relying on an existing contract with OpenAI through 2030 [7] - Other software companies, such as Chegg and CrowdStrike, have also reduced their workforces this year [7]
Microsoft laying off about 9,000 employees in latest round of cuts
CNBC· 2025-07-02 13:07
Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce across different teams, geographies and levels of experience, a person familiar with the matter told CNBC.The announcement comes on the second day of Microsoft's 2026 fiscal year. Executives at the Redmond, Washington-based company typically unveil reorganizations at the time of the new fiscal year."We continue to implement organizational changes necessary to best position the compa ...
DeFi Development Corp. Announces Proposed Private Offering of $100 Million of Convertible Notes
Globenewswire· 2025-07-01 20:10
Core Viewpoint - DeFi Development Corp. plans to offer $100 million in convertible senior notes due 2030, with an option for an additional $25 million, to qualified institutional buyers, aiming to enhance its treasury strategy focused on accumulating Solana (SOL) [1][2] Group 1: Offering Details - The offering of convertible senior notes is subject to market conditions and will be made under Rule 144A of the Securities Act [1] - The notes will accrue interest semi-annually starting January 1, 2026, and will mature on July 1, 2030, unless converted or repurchased earlier [3] - The initial conversion rate and other terms will be determined during pricing negotiations with initial purchasers [4] Group 2: Use of Proceeds - A portion of the net proceeds will be used to repurchase shares of the Company's common stock, while the remainder will be allocated for general corporate purposes, including acquiring SOL [2] Group 3: Prepaid Forward Transaction - The Company plans to enter a prepaid forward stock purchase transaction with an initial purchaser to facilitate derivative transactions, allowing investors to hedge their investments in the convertible notes [5][6] - This prepaid forward is expected to enable investors to establish short positions that may correspond to their investment hedges [6] Group 4: Market Impact - Activities related to the prepaid forward may influence the market price of the common stock and the convertible notes, potentially affecting conversion prices and the value received by noteholders upon conversion [8][7] Group 5: Company Overview - DeFi Development Corp. has a treasury policy that primarily allocates its reserves to SOL, providing investors with direct exposure to the cryptocurrency while participating in the Solana ecosystem [9] - The Company operates its own validator infrastructure, generating staking rewards and is engaged in decentralized finance (DeFi) opportunities [9]
Can Chewy Maintain Its Momentum in Active Customer Growth?
ZACKS· 2025-07-01 14:25
Key Takeaways Chewy added 240K customers in Q1, growing active customers 3.8% y/y to 20.8M. Higher reorder rates, lower churn and stronger customer spend improved retention quality. Net sales grew 8.3% to $3.12B, fueled by Autoship, pharmacy, vet clinics and Chewy expansion.Chewy (CHWY) demonstrated a noticeable acceleration in active customer growth in the first quarter of fiscal 2025, reflecting the success of its ongoing customer acquisition and retention strategies. The company closed the quarter with ...
LifeMD: Inflection Into Profitability Should Drive Stock Upward
Seeking Alpha· 2025-06-26 09:21
Company Overview - LifeMD (NASDAQ: LFMD) is a rapidly growing telehealth company that provides subscriptions and prescriptions for chronic conditions [1] - The company has 290,000 active patient subscribers and operates across all 50 states in the United States [1] Business Model - LifeMD's business model focuses on telehealth services, which include both subscription-based and prescription services [1] Market Position - LifeMD is positioned in the telehealth industry, which is experiencing significant growth due to increasing demand for remote healthcare solutions [1]
Hapbee Announces CDN$1.5M Private Placement Led by Company Executive; Announces Appointment of Ahsan Ashraf as Chief Technology Officer
Globenewswire· 2025-06-25 21:55
Core Viewpoint - Hapbee Technologies, Inc. is conducting a non-brokered private placement to raise up to $1,507,000 through the sale of 15,070,000 units at $0.10 per unit, which will support the company's growth initiatives and product development [1][2]. Group 1: Offering Details - The Offering consists of units priced at $0.10 each, with each unit comprising one subordinate voting common share and one-half of a common share purchase warrant [1]. - Each warrant can be exercised for one additional share at a price of $0.20 CAD for two years from issuance [1]. Group 2: Use of Proceeds - Proceeds from the Offering will be used for sales expansion, brand awareness, customer engagement, and product development, including enhancing the signal library and next-gen devices [2]. - Funds will also be allocated to improve operating efficiencies, including supply chain optimization and cost-saving measures [2]. Group 3: Leadership Changes - Ahsan Ashraf has been appointed as the new Chief Technology Officer, bringing over 20 years of experience from companies like Apple, HP, and Dell [3]. - Mr. Ashraf's participation in the Offering reflects his confidence in the company's mission and future [3][4]. Group 4: Company Overview - Hapbee is a digital wellness technology company focused on helping users optimize sleep, performance, and overall well-being through its patented ultra-low radio frequency energy technology [9].
DeFi Development Corp. Reschedules Release of Shareholder Letter and Business Update Call to July
Globenewswire· 2025-06-23 20:00
BOCA RATON, FL, June 23, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first US public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced updated timing for its upcoming shareholder communications. The Company will now publish its June 2025 Shareholder Letter and Business Update on Tuesday, July 1, 2025, at approximately 4:00 p.m. Eastern Time on its investor relations website at https://defidevcorp.com/investor. This supe ...