Day: February 27, 2025

Cumulus Media Reports Operating Results for 2024

Written by Customer Service on February 27, 2025. Posted in Earnings Releases And Operating Results.

ATLANTA, Feb. 27, 2025 (GLOBE NEWSWIRE) — Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “Cumulus Media,” “we,” “us,” or “our”) today announced operating results for the three months and year ended December 31, 2024. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, “Since the pandemic’s onset, the radio industry has experienced tough economic and secular headwinds. In the face of those, we outperformed our peers through the end of 2023 on key metrics including cost takeouts, EBITDA margin recovery, free cash flow generation, net leverage, and liquidity.” Berner continued, “2024 brought additional challenges, including accelerated national headwinds as well as an industry-wide slowdown in local radio advertising. In response,...

Melco Announces Unaudited Fourth Quarter 2024 Earnings

Written by Customer Service on February 27, 2025. Posted in Earnings Releases And Operating Results.

MACAU, Feb. 27, 2025 (GLOBE NEWSWIRE) — Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2024. Total operating revenues for the fourth quarter of 2024 were US$1.19 billion, representing an increase of approximately 9% from US$1.09 billion for the comparable period in 2023. The increase in total operating revenues was primarily attributable to the improved performance in all gaming segments and non-gaming operations. Operating income for the fourth quarter of 2024 was US$97.0 million, compared with operating loss of US$94.4 million in the fourth quarter of 2023. Melco generated Adjusted Property EBITDA(1) of...

Gentex Announces First Quarter 2025 Cash Dividend

Written by Customer Service on February 27, 2025. Posted in Dividend Reports And Estimates.

ZEELAND, Mich., Feb. 27, 2025 (GLOBE NEWSWIRE) — Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable April 23, 2025, to shareholders of record of the common stock at the close of business on April 9, 2025. About the CompanyFounded in 1974, Gentex Corporation (The NASDAQ Global Select Market: GNTX) is a supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, dimmable aircraft windows for aviation markets, and fire protection products to the fire protection market. Visit the Company’s websites at www.gentex.com, fulldisplaymirror.com, and ir.gentex.com. Contact...

FEMSA Announces Fourth Quarter and Full Year 2024 Results

Written by Customer Service on February 27, 2025. Posted in Earnings Releases And Operating Results.

MONTERREY, Mexico, Feb. 27, 2025 (GLOBE NEWSWIRE) — Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the fourth quarter and full year of 2024.FEMSA: Total Consolidated Revenues grew 12.8% and Income from Operations increased 31.5% compared to 4Q23. FEMSA Retail1: Proximity Americas total Revenues grew 13.2% and Income from operations increased 18.7% versus 4Q23. SPIN: Spin by OXXO had 8.6 million active users2 representing 24.9% growth compared to 4Q23 while Spin Premia had 24.6 million active loyalty users2 representing 27.5% growth compared to 4Q23, and an average tender3 of 40.7%. COCA-COLA FEMSA: Total Revenues and Income from Operations grew 14.3% and 25.0%, respectively against 4Q23. Financial for the Fourth Quarter...

Ovid Therapeutics to Present at the TD Cowen 45th Annual Health Care Conference

Written by Customer Service on February 27, 2025. Posted in Public Companies.

NEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) — Ovid Therapeutics Inc. (NASDAQ: OVID), a biopharmaceutical company dedicated to developing medicines for brain conditions with significant unmet need, today announced that Meg Alexander, President and Chief Operating Officer, will present at the TD Cowen 45th Annual Health Care Conference on Monday, March 3, 2025, at 3:10 p.m. ET in Boston, Massachusetts. A live webcast of the TD Cowen presentation can be accessed through the Events & Presentations section of the company’s website at investors.ovidrx.com. An archived replay of the webcast will be available on the Company’s website following the live presentation for approximately 30 days. About Ovid TherapeuticsOvid Therapeutics Inc. is a New York-based biopharmaceutical company dedicated to developing medicines for brain conditions...

Captivision Appoints John Jureller to Board of Directors

Written by Customer Service on February 27, 2025. Posted in Public Companies.

MIAMI, Feb. 27, 2025 (GLOBE NEWSWIRE) — Captivision Inc. (“Captivision” or the “Company”) (NASDAQ: CAPT), a pioneering manufacturer and global LED solution provider, today announced the appointment of John Jureller to its Board of Directors, effective immediately. Mr. Jureller will also serve as Chair of the Company’s Audit Committee, bringing extensive financial leadership and corporate governance expertise to the Company. With experience spanning consumer products, communications, private equity, real estate, and healthcare, Mr. Jureller has held key financial leadership roles at multinational public and private companies. He has played an instrumental role in growth capitalizations and strategic transactions for small and micro-cap companies. His former corporate affiliations include PepsiCo, Frontier Communications, General...

ZenaTech’s ZenaDrone Advances IQ Square Drone to Manufacturing Stage for Outdoor Applications Including Inspections, Surveys, and the Fast-Growth Power Washing Sector

Written by Customer Service on February 27, 2025. Posted in Public Companies.

VANCOUVER, British Columbia, Feb. 27, 2025 (GLOBE NEWSWIRE) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that its subsidiary ZenaDrone has moved its first batch of IQ Square multifunction drones from prototype to manufacturing stage. This drone was designed for outdoor applications for operator line-of-site inspections such as for building and construction inspections, short-range land surveys, power washing and other business and government applications. The IQ Square is also expected to be a key part of ZenaDrone’s multifunction drone inventory for its Drone as a Service or DaaS business, which enables business and government users to...

2025 Community Routes: Access to Mental Health Care Grants Awarded to Clinics in Alabama, Mississippi, and Texas, Funded by Teva Pharmaceuticals

Written by Customer Service on February 27, 2025. Posted in Public Companies.

The $2 million in new funding is part of a $4 million commitment from Teva, launched in 2022, to expand access to critical mental health services across 10 states SANTA BARBARA, Calif. and PARSIPPANY, N.J. , Feb. 27, 2025 (GLOBE NEWSWIRE) — Direct Relief, Teva Pharmaceuticals, and the National Association of Free and Charitable Clinics (NAFC) today announced the funding of Community Routes: Access to Mental Health Care grants, awarding $75,000 to each of 11 free and charitable clinics across Alabama, Mississippi, and Texas. Now in its third year, the initiative continues to address the critical need for expanded mental health services in medically underserved communities. “Every day uninsured patients face barriers to accessing basic mental health services they need,” said Carol Richardson, Sustainability and Health Equity Lead,...

NEXE Innovations Secures Fourth Partnership, Expanding its Audience in Canada and the United States

Written by Customer Service on February 27, 2025. Posted in Public Companies.

A vertically integrated facility, from compounding NEXE’s proprietary resin to producing the finished product.WINDSOR, Ontario, Feb. 27, 2025 (GLOBE NEWSWIRE) — NEXE Innovations Inc. (“NEXE”, the “Company”, “we” or “our”) (TSX.V: NEXE | Frankfurt: NX5 | OTC: NEXNF), a compostable and innovative materials company, is pleased to announce a fourth partnership with a North American distributor specializing in retail, office coffee services (OCS) and hospitality sectors. We believe that this new partnership represents a significant milestone for NEXE, as this partner was among the first to capitalize on the multi-billion-dollar single-serve coffee market following the expiration of the K-Cup patent in 2013 in both Canada and the U.S. Now, they are strengthening their...

Telesat Partners with Intellian to Develop Ka-Band Flat Panel User Terminals for Telesat Lightspeed LEO Constellation

Written by Customer Service on February 27, 2025. Posted in Public Companies.

OTTAWA, Ontario and PYEONGTAEK, South Korea, Feb. 27, 2025 (GLOBE NEWSWIRE) — Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, and Intellian, a global leading provider of satellite communication antennas and ground gateway solutions, today announced a contract award for Intellian to design and manufacture Ka-band flat panel User Terminals for the Telesat Lightspeed Low Earth Orbit (LEO) constellation. Under this agreement, fully optimized Ka-band LEO flat panels for the Telesat Lightspeed network are being designed and manufactured to deliver high-speed throughput for markets including fixed enterprise applications, wireless backhaul, government, land mobility and maritime connectivity. Intellian is trusted by customers worldwide, recognized for its exceptional reliability and...

Day: February 27, 2025

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