Day: May 8, 2025

MENLO PARK, Calif., May 08, 2025 (GLOBE NEWSWIRE) — PacBio (NASDAQ: PACB) today announced financial results for the quarter ended March 31, 2025. First quarter results:  Q1 2025 Q1 2024Revenue $37.2 million $38.8 millionInstrument revenue $11.0 million $19.0 millionConsumable revenue $20.1 million $16.0 millionService and other revenue $6.0 million $3.8 millionRevio™ systems 12 28Vega™ systems 28 —Annualized Revio pull-through per system ~$236,000 ~$254,000Cash, cash equivalents, and investments $343.1 million $561.9 millionGross margin, operating expenses, net loss, and net loss per share are reported on a GAAP and non-GAAP basis. The non-GAAP measures are described below and reconciled to the corresponding GAAP measures at the end of this release. GAAP gross profit for the first quarter...

Continues to Execute Strategic Initiatives to Accelerate Long-Term Profitable Growth Promotes Industry Veteran Tripp Wyckoff to Lead Adventure Entered into Agreement to Divest PIEPS Snow Safety Brand for €7.8 Million SALT LAKE CITY, May 08, 2025 (GLOBE NEWSWIRE) — Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, reported financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Summary vs. Same Year‐Ago QuarterSales of $60.4 million compared to $69.3 million. Gross margin was 34.4% compared to 35.9%; adjusted gross margin of 34.6% compared to 36.9%. Net loss of $5.2 million, or $(0.14) per diluted share, compared to net income, which includes the impact of discontinued operations, of $21.9 million, or $0.57 per diluted...

Third quarter fiscal 2025 net sales of $82.1 millionThird quarter fiscal 2025 gross margin increase of 200 basis points year-over-year to 42.1%Reported third quarter net loss of $5 million and improved adjusted EBITDA1 of $1.7 millionCompletion of the company’s brand pyramid and SKU rationalization initiative with the launch of its specialty coffee brand, Sum>One Coffee Roaster FORT WORTH, Texas, May 08, 2025 (GLOBE NEWSWIRE) — Farmer Bros. Coffee Co. (NASDAQ: FARM) today reported its third quarter fiscal 2025 financial results for the period ended March 31, 2025. The company filed its Form 10-Q, which can be found on the Investor Relations section of the company’s website. “The third quarter was another solid quarter for Farmer Brothers,” said President and Chief Executive Officer John Moore. “We realized our third straight quarter...

Revenue of $665 million in the First Quarter, down 4% Year-over-Year Private Cloud Revenue was $250 million, down 7% Year-over-Year Public Cloud Revenue was $416 million, down 2% Year-over-Year First Quarter 2025 Cash Flow From Operating Activities was $13 million; Cash Flow From Operating Activities was $143 million on a Trailing-Twelve-Month BasisSAN ANTONIO, May 08, 2025 (GLOBE NEWSWIRE) — Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end, hybrid cloud and AI solutions company, today announced results for its first quarter ended March 31, 2025. Amar Maletira, Chief Executive Officer, stated, “Results in the first quarter of 2025 exceeded our expectations across all key metrics. Revenue was at the high end of our guidance while profit and EPS exceeded our guidance range. This marks the eleventh consecutive quarter...

TEJON RANCH, Calif., May 08, 2025 (GLOBE NEWSWIRE) — Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three-months ended March 31, 2025. “Tejon Ranch is a one-of-a-kind asset, and I’m honored to take the helm of this incredible company,” said Matthew H. Walker, who assumed the duties of President and CEO of Tejon Ranch Co. on April 1, 2025. “Our first quarter results highlight the consistency of our long-term strategy and the strength of our diversified business model, accounting for the typical seasonality of our farm operations. Notably, we reached an exciting milestone at the Tejon Ranch Commerce Center (TRCC), as our 228 unit multi-family community, Terra Vista at Tejon, welcomed its first residents this month. With Terra Vista...

Quarterly revenue of $690 million;  GAAP loss of ($0.03)/share and adjusted EPS of $0.45 DALLAS, May 08, 2025 (GLOBE NEWSWIRE) — AMN Healthcare Services, Inc. (NYSE: AMN), the leader and innovator in total talent solutions for healthcare organizations across the United States, today announced its first quarter 2025 financial results. Financial highlights are as follows: Dollars in millions, except per share amounts.  Q1 2025 % Change Q1 2024Revenue $689.5 (16%)Gross profit $198.1 (23%)Net loss ($1.1) nmDiluted loss per share ($0.03) nmAdjusted diluted EPS* $0.45 (54%)Adjusted EBITDA* $64.2 (34%)     *  See “Non-GAAP Measures” below for a discussion of our use of non-GAAP items and the table entitled “Non-GAAP Reconciliation Tables” for a reconciliation of non-GAAP items. Business HighlightsFirst quarter...

First Quarter Diluted EPS of $5.35First Quarter Pre-Tax Income of $100.3 millionExzeo Ready to be Standalone Company TAMPA, Fla., May 08, 2025 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI) reported pre-tax income of $100.3 million and net income of $74.2 million for the first quarter of 2025. Net income after noncontrolling interests was $69.7 million compared with $47.6 million in the first quarter of 2024. Diluted earnings per share were $5.35 in the first quarter of 2025, compared with $3.81 diluted earnings per share, in the first quarter of 2024. Management Commentary“HCI Group had a terrific first quarter,” said HCI Group Chairman and Chief Executive Officer Paresh Patel. “We are happy to announce that Exzeo is ready to be a standalone company. Consequently, our Board has determined to pursue a potential tax-free spin-off...

–Net Revenue of $63.9 million, up 14% compared to prior year––Gross Margin improved to 36.6%, an increase of approximately 470 basis points compared to prior year––Net Loss of $(0.7) million compared to Net Income of $0.2 million in prior year––Adjusted EBITDA of $4.1 million, up from $1.4 million in prior year––Generated $40.5 million in cash flow from operations, the highest level since 2019––Authorized a new $75 million stock repurchase program– SAN DIEGO, May 08, 2025 (GLOBE NEWSWIRE) — Turtle Beach Corporation (Nasdaq: TBCH), a leading gaming accessories brand, today reported strong financial results, including growth in revenue, Adjusted EBITDA, and gross margins in the first quarter ended March 31, 2025. First Quarter HighlightsNet revenue was $63.9 million, an increase of 14% compared to the prior year period. Gross margin...

BOSTON, May 08, 2025 (GLOBE NEWSWIRE) — DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced its first quarter 2025 financial results. The Company also posted a letter to shareholders and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. First Quarter 2025 HighlightsFor the three months ended March 31, 2025, DraftKings reported revenue of $1,409 million, an increase of $234 million, or 20%, compared to $1,175 million during the same period in 2024. The increase in the Company’s first quarter 2025 revenue was driven primarily by continued healthy customer engagement, efficient acquisition of new customers, higher structural Sportsbook hold percentage, and the impact of the acquisition of Jackpocket Inc. (“Jackpocket”), which closed on May 22, 2024, partially...

– First Quarter 2025 Total Revenue More Than Doubled Year-over-Year to $44.1 Million – – Longevity Funds Attracted $122.8 Million in Capital Inflows – – GAAP Net Income of $4.6 Million – – Adjusted Net Income Grew 158% Year-over-Year to $17.3 Million – – Adjusted EBITDA More Than Doubled Year-over-Year to $24.5 Million – ORLANDO, Fla., May 08, 2025 (GLOBE NEWSWIRE) — Abacus Global Management, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leader in the alternative asset management space, today reported results for the first quarter ended March 31, 2025. “We delivered exceptional results in the first quarter of 2025, more than doubling our revenue and adjusted earnings year-over-year while strengthening our market position,” said Jay Jackson, Chief Executive Officer of Abacus. “Our unique business model continues...