Day: February 11, 2025

SMX Announces Acquisition of cBEYONData

Written by Customer Service on February 11, 2025. Posted in Mergers And Acquisitions.

HERNDON, Va., Feb. 11, 2025 (GLOBE NEWSWIRE) — SMX, a leader in next-generation mission support, digital transformation, and IT solutions, today announced the acquisition of cBEYONData. cBEYONData is a provider of implementation, design, and managed service capabilities, as well as a proprietary portfolio of budget management and financial analytics solutions that provide real-time data visibility and transparency to customers within the Department of Defense (DoD) and federal civilian agencies. Together, SMX and cBEYONData (collectively the “Company”) are well-positioned to support customers across the public sector, helping them achieve enhanced visibility, operational efficiency, and financial transparency, each key priorities of Congress and the new administration. The acquisition creates a leading provider of differentiated...

Morris State Bancshares Declares Special Dividend

Written by Customer Service on February 11, 2025. Posted in Dividend Reports And Estimates.

DUBLIN, Ga., Feb. 11, 2025 (GLOBE NEWSWIRE) — Morris State Bancshares, Inc. (OTCQX: MBLU) (the “Company”), the parent of Morris Bank (the “Bank”), has declared a one-time, special dividend of $0.15 per common, to be paid on March 21, 2025, to all shareholders of record as of February 15, 2025. “We’ve demonstrated financial strength and resilience, enabling us to reward our shareholders while well-positioned to capitalize on strategic opportunities,” said Spence Mullis, Chairman and CEO. “This special dividend underscores our confidence in the Bank’s trajectory and our ability to generate value through both earnings and dividends.” Forward-looking Statements Certain statements contained in this release may not be based on historical facts and are forward-looking statements. These forward-looking statements may...

Marimaca Appoints Stantec to Progress PEA for the Integration of the Pampa Medina Project

Written by Customer Service on February 11, 2025. Posted in Mergers And Acquisitions.

VANCOUVER, British Columbia, Feb. 11, 2025 (GLOBE NEWSWIRE) — Marimaca Copper Corp. (“Marimaca” or the “Company”) (TSX: MARI) is pleased to announce that it has commenced an Integration Preliminary Economic Assessment (“PEA”) for its Pampa Medina Project Area (“Pampa Medina”), located approximately 25km from the planned development at the Marimaca Oxide Deposit (“MOD”) for which the Company is completing a Definitive Feasibility Study (“DFS”). The study will be completed by Stantec and the Mineral Resource Estimate (“MRE”) by Caracle Creek Chile SpA. Pampa Medina includes the recently acquired Pampa Medina Main and Madrugador copper deposits, which have historical non-NI 43-101 compliant mineral resource estimates that are detailed below in Tables 1 and 2, alongside relevant technical and regulatory disclosure. The mineralization...

Arvinas Reports Fourth Quarter and Full Year 2024 Financial Results and Provides Corporate Update

Written by Customer Service on February 11, 2025. Posted in Earnings Releases And Operating Results.

– Announced that topline data from the monotherapy Phase 3 VERITAC-2 trial is anticipated in 1Q25 – – Presented Phase 1b data from the TACTIVE-U sub-study of vepdegestrant in combination with abemaciclib that demonstrated encouraging clinical activity (clinical benefit rate: 62.5%; overall response rate: 26.7%) in patients previously treated with a CDK4/6 inhibitor – – Announced the planned initiation of first-line Phase 3 trial evaluating vepdegestrant in combination with Pfizer’s novel investigational CDK4 inhibitor atirmociclib and a second-line Phase 3 combination trial evaluating vepdegestrant with a CDK4/6 inhibitor, both planned to begin in 2025 – – Initiated a Phase 1 trial with ARV-102 in patients with Parkinson’s disease and announced Phase 1 data in healthy volunteers has been accepted for oral presentation at Alzheimer’s Disease/Parkinson’s...

Bread Financial Provides Performance Update for January 2025

Written by Customer Service on February 11, 2025. Posted in Earnings Releases And Operating Results.

COLUMBUS, Ohio, Feb. 11, 2025 (GLOBE NEWSWIRE) — Bread Financial® Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S. consumers, provided a performance update. The following tables present the Company’s net loss rate and delinquency rate for the periods indicated: For themonth endedJanuary 31, 2025 For themonth endedJanuary 31, 2024 (dollars in millions)End-of-period credit card and other loans $ 18,366 $ 18,785 Average credit card and other loans $ 18,530 $ 18,915 Year-over-year change in average credit card and other loans (2 %) (9 %)Net principal losses $ 123 $ 128 Net loss rate 7.8 % 8.0 % As ofJanuary 31, 2025 As ofJanuary 31, 2024 (dollars in millions)30...

GlobalFoundries Reports Fourth Quarter 2024 and Fiscal Year 2024 Financial Results

Written by Customer Service on February 11, 2025. Posted in Earnings Releases And Operating Results.

MALTA, N.Y., Feb. 11, 2025 (GLOBE NEWSWIRE) — GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2024. Key Fourth Quarter Financial HighlightsRevenue of $1.830 billion Gross margin of 24.5% and Non-IFRS gross margin(1) of 25.4% Operating margin of (38.3)% and Non-IFRS operating margin(1) of 15.6% Net loss of $729 million and Non-IFRS net income(1) of $256 million Diluted loss per share of $1.32 and Non-IFRS diluted earnings per share of $0.46 Non-IFRS adjusted EBITDA(1) of $661 million Ending cash, cash equivalents and marketable securities of $4.2 billion Net cash provided by operating activities of $457 million and Non-IFRS adjusted free cash flow(1) of $328 millionKey Full Year 2024 Financial HighlightsRevenue of $6.750 billion Gross...

Orion Reports Improved Q3’25 Gross Margin of 29.4% (+490 bps), Reduced Net Loss, Break-even Adjusted EBITDA and Improved Cash and Liquidity on Revenue of $19.6M; Reduces FY 2025 Revenue Outlook

Written by Customer Service on February 11, 2025. Posted in Earnings Releases And Operating Results.

MANITOWOC, Wis., Feb. 11, 2025 (GLOBE NEWSWIRE) — Orion Energy Systems, Inc.(NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today reported results for its fiscal 2025 third quarter (Q3’25) and nine months (YTD’25) ended December 31, 2024 and updated its FY 2025 revenue outlook to $77M to $83M. Orion will hold an investor call today at 10:00 a.m. ET – details below.Q3 Financial Summary Prior Three Quarters$ in millions except per share figures Q3’25 Q3’24 Change Q2’25 Q1’25 Q4’24LED Lighting Revenue $13.2 $18.5 -29% $10.8 $12.8 $16.3 EV Charging Revenue $2.4 $2.8 -13% $4.7 $3.8 $4.9 Maintenance Revenue $3.9 $4.6 -15% $3.8 $3.3 $5.2 Total Revenue $19.6 $26.0 $(6.4) $19.4 $19.9 $26.4 Gross...

Royalty Pharma Reports Q4 and Full Year 2024 Results

Written by Customer Service on February 11, 2025. Posted in Earnings Releases And Operating Results.

Portfolio Receipts of $742 million in Q4 2024 and $2,801 million for FY 2024 Royalty Receipts growth of 12% in Q4 2024 and 13% for FY 2024 Net cash provided by operating activities of $743 million in Q4 2024 and $2,769 million for FY 2024 Full year 2025 guidance: Portfolio Receipts expected to be $2,900 to $3,050 million excluding future transactionsNEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) — Royalty Pharma plc (Nasdaq: RPRX) today reported financial results for the fourth quarter and full year 2024 and introduced full year 2025 guidance for Portfolio Receipts. “We had an incredibly successful 2024, delivering double-digit growth in Royalty Receipts, which was significantly above our initial guidance, and deploying $2.8 billion of capital on value-enhancing royalties” said Pablo Legorreta, Royalty Pharma’s founder and Chief...

Form 8.3 – [ALLIANCE PHARMA PLC – 10 02 2025] – (CGWL)

Written by Customer Service on February 11, 2025. Posted in Mergers And Acquisitions.

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION(a) Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. N/A(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree ALLIANCE PHARMA PLC(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A(e) Date position held/dealing...

ECARX to Power Launch of First Hongqi Model Under Strategic Partnership with FAW, Debuting AutoGPT with DeepSeek-R1 Integration

Written by Customer Service on February 11, 2025. Posted in Public Companies.

SHANGHAI, Feb. 11, 2025 (GLOBE NEWSWIRE) — ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced that the first intelligent cockpit jointly developed under its strategic partnership with FAW Group Co., Ltd. (“FAW Group”), China’s leading automaker, will debut in the Hongqi Tiangong 05 all-electric sedan, which has been launched in January. This marks a significant milestone in the deepening strategic partnership signed in April 2024 with FAW Group to develop next-generation intelligent cockpits for its premium Hongqi brand of vehicles. The Tiangong 05’s intelligent cockpit will be powered by ECARX’s Antora 1000 Pro computing platform and come integrated with customized Hongqi FAW OS on top of ECARX Cloudpeak and the recently upgraded ECARX AutoGPT in-vehicle AI large model...

Day: February 11, 2025

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