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Day: December 5, 2024

America’s Car-Mart Reports Second Quarter Fiscal Year 2025 Results

ROGERS, Ark., Dec. 05, 2024 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) (“we,” “Car-Mart” or the “Company”), today reported financial results for the second quarter ended October 31, 2024.  Second Quarter Key Highlights (FY’25 Q2 vs. FY’24 Q2, unless otherwise noted) Total revenue was $347.3 million1, down 3.5% Interest income increased $2.1 million, up 3.6% Total collections increased 3.3% to $173.8 million Gross margin increased to 39.4%1 Adjustment to allowance for credit loss to 24.72%, down from 25.0% sequentially Net charge-offs as a % of average finance receivables were 6.6% vs. 7.2% Interest expense increased $1.5 million, or 8.8% Diluted earnings per share of $0.611 vs. loss per share of $4.30  President and...

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North American Construction Group Ltd. Announces Regional Services Contract and Outlook for 2025

ACHESON, Alberta, Dec. 05, 2024 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) today announced the award of an extended and amended regional services contract by a major producer in the Canadian oil sands region and an outlook for the full year of 2025 along with updated estimates for the fourth quarter of 2024. Regional Services Contract The extended and amended contract contemplates the provision of services across various mine sites operated by the producer. The amendment is effective January 1, 2025 with the expiry date extended to January 31, 2029 from January 31, 2027. The agreement includes committed spend of $500 million spread over the term which is primarily related to heavy equipment rentals but also includes bulk unit rate earthwork scopes. These committed volumes...

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Graphjet Technology Names Liu Yu Chief Operating Officer and Chief Scientific Officer

Innovative technological leader to oversee all technical, operational, customer support and business development initiatives KUALA LUMPUR, Malaysia, Dec. 05, 2024 (GLOBE NEWSWIRE) — Graphjet Technology (“Graphjet” or “the Company”) (Nasdaq:GTI), a leading developer of patented technologies to produce graphite and graphene directly from agricultural waste, today announced that it has promoted Mr. Liu Yu, Graphjet’s current Head of Research and Chief Scientific Officer, to the role of Chief Operating Officer and Chief Scientific Officer Mr. Liu Yu is an innovative technological leader with more than two decades of experience and a deep understanding of Graphjet and the opportunities ahead for the business as he has served as the Company’s Head of Research and Chief Scientific Officer since inception. In his new role, Mr. Liu Yu will...

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Theriva™ Biologics Announces U.S. FDA Guidance on Design of Phase 3 Study of VCN-01 for the Treatment of Metastatic Pancreatic Cancer

ROCKVILLE, Md., Dec. 05, 2024 (GLOBE NEWSWIRE) — Theriva™ Biologics (NYSE American: TOVX), a diversified clinical-stage company developing therapeutics designed to treat cancer and related diseases in areas of high unmet need, today announced the outcomes of a recent Type D meeting with the U.S. Food and Drug Administration (FDA) to obtain guidance on the design of a Phase 3 clinical study of lead clinical candidate VCN-01 in combination with standard-of-care chemotherapy for the treatment of metastatic pancreatic adenocarcinoma (PDAC). The Company recently announced the completion of target enrollment into the multinational VIRAGE Phase 2b clinical study evaluating intravenous VCN-01 in combination with gemcitabine/nab-paclitaxel as a first line therapy for PDAC patients. Type D meetings are focused on a narrow set of issues...

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Rezolute Reports Inducement Award Under Nasdaq Listing Rule 5635(c)(4)

REDWOOD CITY, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) — Rezolute, Inc. (Nasdaq: RZLT) (“Rezolute” or the “Company”), a late-stage biopharmaceutical company dedicated to developing transformative therapies for rare diseases with serious unmet needs, today announced that its compensation committee has approved the issuance of One Hundred and Fifty Thousand (150,000) shares of its common stock as an inducement award (the “Inducement Award”) permitted under Nasdaq Rule 5635(c)(4) to its new Senior Vice President of Global Product Supply. The Inducement Award was granted on November 30, 2024 and was priced at our closing price on November 29, 2024. The Inducement Award will vest 25% one year after the executive’s start date and will vest monthly for 36 months after. About Rezolute, Inc. Rezolute is a late-stage rare disease company focused...

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Kratos XQ-58A Demonstrates Collaborative EW and Kill Chain Closure under USMC Control in Large Force Exercise

SAN DIEGO, Dec. 05, 2024 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets and an industry-leading provider of high-performance, jet-powered unmanned aerial systems, today announced the successful performance of a recent series of flight tests of the United States Marine Corps’ XQ-58A Valkyrie, manufactured by Kratos. These flights and exercises were conducted jointly earlier this year by Kratos, Northrop Grumman Corporation, Autodyne, the United States Marine Corps (USMC), the United States Navy, and the United States Air Force (USAF).Kratos’ XQ-58A Flies in Joint Emerald Flag Exercise A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/94bd48b4-0b84-4660-8063-18330361338a The...

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AgriFORCE Growing Systems Combines Bitcoin Mining and Agriculture to Drive Sustainable Solutions

Innovative Use of Heat and Carbon Capture to Foster Agricultural Growth in Alberta VANCOUVER, British Columbia, Dec. 05, 2024 (GLOBE NEWSWIRE) — AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI), an intellectual property-driven technology leader, is proud to announce the launch of sustainable agricultural operations at its newly acquired Bitcoin mining facility in Sturgeon County, Alberta, Canada. By harnessing the excess heat and carbon emissions from Bitcoin mining, AgriFORCE is pioneering a novel approach to promote agricultural productivity while reducing environmental impact. The facility, powered by an on-site generator, utilizing flared gas, integrates carbon capture and heat reuse technologies to support the cultivation of premium crops and aquaculture. Targeted products include white-legged shrimp, nutrient-dense micro-greens,...

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Security Printing Market to Surpass Valuation of USD 5.79 Billion by 2031 | SkyQuest Technology

Westford, USA, Dec. 05, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global security printing market size will reach a value of USD 5.79 Billion by 2031, with a CAGR of 3.10% during the forecast period (2024-2031). The global security printing market growth is significantly supported by many developing and emerging economies’ governments are also embracing and supporting these developments to reduce financial losses brought on by counterfeiting and tampering. The adoption of hybrid or security printing materials in the construction of currency is likely aimed at reducing incidences of currency counterfeiting, money laundering, and corruption, hence this market is growing. Global security printing industry is highly important in the production of such documents as banknotes, passports, checks, identity cards, and any...

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Biodegradable Plastic Market to Reach USD 11.22 Billion by 2031 | SkyQuest Technology

Biodegradable plastics are becoming popular replacements of regular plastic as consumers and governments around the globe demand green alternatives. Westford, US, Dec. 05, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global biodegradable plastic market size will reach a value of USD 11.22 Billion by 2031, with a CAGR of 9.5% during the forecast period (2024-2031). One of the factors encouraging growth in the industry is the imposition of government bans on single-use plastic coupled with rising awareness among the public about bad effects from plastic waste. This market is anticipated to grow in line with the increased usage of biodegradable plastic in agriculture and for packaging purposes. Non-biodegradable plastic is a global problem. In this regard, governments all over the world are trying to tackle this issue by advocating...

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Underfloor Heating Market to Drive Growth at USD 9.86 Billion by 2031 | SkyQuest Technology

Westford, USA, Dec. 05, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global underfloor heating market will attain a value of USD 9.86 Billion by 2031, with a CAGR of 7.70% during the forecast period (2024-2031). With more awareness and focus on energy efficiency in buildings are expected to increase demand for condense boiler underfloor heating which have a wider area of floor as compared to traditional heating methods Furthermore, the growing need for improved comfort and aesthetics in indoor spaces are some of the factors that will likely spur growth during the forecast period. A more evenly dispersed heat eliminates cold spots, and underfloor heating provides that sort of atmosphere. Technology and construction practices have improved with time leading to easier access and installation of underfloor heating systems. Another...

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