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Day: March 19, 2025

Kingsoft Cloud Announces Unaudited Fourth Quarter and Fiscal Year 2024 Financial Results; First Time Operating Margin Profitable with Accelerated Growing Revenue of AI Cloud

BEIJING, March 19, 2025 (GLOBE NEWSWIRE) — Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading cloud service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024. Fourth Quarter Financial HighlightsTotal Revenues reached RMB2,232.1 million (US$305.8 million)1, increased by 29.6% year-over-year from RMB1,722.5 million in the same quarter of 2023. Our business has experienced accelerated and high-quality growth and our revenue structure is well-balanced. Gross profit was RMB426.0 million (US$58.4 million), representing a significant increase of 68.3% from RMB253.1 million in the same quarter of 2023. Our profitability has been fundamentally improved. Non–GAAP EBITDA2 was RMB359.7 million (US$49.3...

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Plug Power Inc. Announces Pricing of Upsized $280 Million Underwritten Offering

Upsized Offering Sold to Single Institutional Investor to Strengthen Financial Position and Drive Towards Profitability in 2025 SLINGERLANDS, N.Y., March 19, 2025 (GLOBE NEWSWIRE) — Plug Power Inc. (“Plug Power”) (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced the pricing of its underwritten registered offering of 46,500,000 shares of its common stock and in lieu of common stock, pre-funded warrants to purchase 138,930,464 shares of its common stock (together “Common Stock Equivalents”). The total number of Common Stock Equivalents sold in the offering is 185,430,464. The Common Stock Equivalents will be accompanied by a total of 185,430,464 warrants. The aggregate gross proceeds of the offering are expected to be approximately $280 million, before deducting underwriting...

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Genenta Announces €20 million ($21.9M) Financing To Expand Pipeline As Brain Tumor Trial Is Showing Promising Survival Rates

MILAN and NEW YORK, March 19, 2025 (GLOBE NEWSWIRE) — Genenta Science (Nasdaq: GNTA), a pioneer in immuno-oncology and a leader in cell-based therapeutics, today announced a €20 million ($21.9 million) financing through the issuance of a Mandatory Convertible Bond to ENEA Tech and Biomedical (ETB) to support the expansion of its pipeline by advancing Temferon in metastatic Renal Cell Cancer (mRCC). ETB is a leading private foundation, supervised by the Italian Ministry of Enterprises and Made in Italy, managing over €1,7 billion in assets under management through two funds. With deep expertise in the biomedical sector, ETB is an established authority in identifying and supporting high-potential biotech companies. “ETB conducted a deep and thorough scientific and legal due diligence before committing to this investment. We...

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InformedDNA Acquires Coriell Life Sciences, Expanding Precision Health Capabilities

Precision health leader adds Coriell’s pharmacogenomics capabilities to expand the application of genomics and increase patient access to more personalized and effective health care ST. PETERSBURG, Fla., March 19, 2025 (GLOBE NEWSWIRE) — InformedDNA®, a precision health company revolutionizing the application of genomic insights, today announced the acquisition of Coriell Life Sciences, a provider of pharmacogenomic services and clinical decision support. The addition of Coriell Life Science’s services to InformedDNA’s genetic test interpretation and counseling capabilities dramatically expands patient, provider and payor access to a broader range of genetic insights and enables more personalized, data-driven treatment and medication decisions for better outcomes and reduced healthcare costs. Philadelphia-based Coriell Life Sciences...

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XBP Europe Holdings, Inc. Reports Fourth Quarter and Full Year 2024 Results

Full Year 2024 HighlightsRevenue of $142.8 million, decrease of 8.0% year-over-year Gross margin of 26.8%, a 110 bps increase year-over-year Operating profit of $3.5 million, an increase of $2.4 million year-over-year Approximately $25M of ACV in active ramp, resulting in an incremental step-up in margin contribution in the second half of 2024 Signed an exclusive, non-binding LOI to acquire Exela Technologies BPA, LLC, a potentially transformational deal that could expand XBP Europe’s revenue to ~$1 billion annuallyFourth Quarter 2024 HighlightsRevenue of $35.6 million, decrease of 7.5% year-over-year and increase of 0.7% sequentially Gross margin of 28.3%, a 480 bps increase year-over-year and 440 bps decrease sequentially Operating profit of $1.0 million, an increase of $3.4 million year-over-year and a decrease of $1.5 million...

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Construction Resources Company, LLC Acquires MVP Granite Countertops, Premier Surfaces Fabrication Business in the Greater Charleston, SC Area

Project by MVP Granite Countertops featuring a vertical application of marbleConstruction Resources Company, LLC has completed the acquisition of MVP Granite Countertops. MVP Granite Countertops is a Charleston-based business specializing in the fabrication and installation of all stone products for homeowners, professional builders, interior designers, and remodelers. Photo Credit: MVP Granite Countertops @mvp_granite_countertopsAtlanta, Georgia, USA, March 19, 2025 (GLOBE NEWSWIRE) — Construction Resources Company, LLC has completed the acquisition of MVP Granite Countertops which provides surfaces and countertop fabrication & installation services for professional builders, interior designers, and remodelers in the greater Charleston, SC area. Jamey Nelson, President of MVP Granite Countertops, and his leadership...

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Gildan Announces Participation at the 28th Annual CIBC Retail and Consumer Conference in Toronto

MONTREAL, March 19, 2025 (GLOBE NEWSWIRE) — Gildan Activewear Inc. (GIL: TSX and NYSE) announced today that Glenn J. Chamandy, President & Chief Executive Officer; Luca Barile, Executive Vice-President and Chief Financial Officer; and Jessy Hayem, Senior Vice-President, Head of Investor Relations and Global Communications, will participate in a fireside chat and one-on-one meetings with investors at the 28th Annual CIBC Retail and Consumer Conference in Toronto on Wednesday, March 26, 2025. About GildanGildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear and socks, sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce...

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Standard Lithium Appoints Karen G. Narwold to the Board of Directors

VANCOUVER, British Columbia, March 19, 2025 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI), a leading near-commercial lithium company, is pleased to announce the appointment of Karen G. Narwold, NACD.DC as an independent member of its board of directors. Robert Cross, Non-Executive Chairman of the Board of Directors, commented, “The Standard Lithium Board is excited to welcome Karen as an independent director. Karen brings over 30 years of executive leadership experience within the manufacturing and chemicals space, including most recently as Chief Administrative Officer, General Counsel and Corporate Secretary at Albemarle Corporation. Her significant experience in legal, governance, regulatory and government affairs and operational matters will be invaluable as Standard...

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Trump Media Announces Release of Truth+ Streaming on Roku

Truth+ streaming app now available for Roku TV sets SARASOTA, Fla., March 19, 2025 (GLOBE NEWSWIRE) — Trump Media and Technology Group Corp. (Nasdaq: DJT) (“TMTG” or the “Company”), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, announced today that it has successfully launched an app for Roku TVs to access the Truth+ streaming platform. Now available in the Roku Channel Store, Truth+ offers family-friendly TV programming for patriotic Americans who want an alternative to woke entertainment corporations and biased news channels. Truth+ provides reliable news broadcasts, entertainment, faith-based content, weather, documentaries, children’s content, and more, featuring both live TV channels and Video on Demand (VOD). The Roku app will...

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Annual Report for the year ended 30 November 2024 and Notice of Meeting

OCTOPUS AIM VCT 2 PLC Annual Report for the year ended 30 November 2024 and Notice of Meeting Further to the announcement of annual results for the year ended 30 November 2024, Octopus AIM VCT 2 plc (the ‘Company’) announces that the Annual Report has been posted or otherwise made available to shareholders. A copy of the Annual Report is also available to view on the Company’s website at http://www.octopusinvestments.com The Annual Report includes the Notice of Meeting for the Annual General Meeting of the Company to be held on 23 May 2025. The Annual Report, together with the Form of Proxy, has been submitted to the Financial Conduct Authority’s Electronic Submission System and is available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism For further information please contact: Rachel Peat Octopus Company...

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