Day: May 21, 2025

Beeline Holdings Reports Q1 2025 Results: First Quarter as Public Company Highlights AI-Led Growth, Record Originations, and Transformational Fintech Expansion

Written by Customer Service on May 21, 2025. Posted in Earnings Releases And Operating Results.

PROVIDENCE, R.I., May 21, 2025 (GLOBE NEWSWIRE) — Beeline Holdings, Inc. (NASDAQ: BLNE), a fintech-focused mortgage and title company, today announced financial results for the first quarter ended March 31, 2025.Q1 2025 HighlightsBreakout debut quarter as a newly public company, with Beeline repositioned as a next-gen AI-powered mortgage lender and title agent Loan originations increased 38% year-over-year, outpacing industry growth (~9%) with April performance believed to be best in three years, signaling momentum despite macro headwinds Surpassed $1 billion in cumulative loan originations since inception AI-mortgage agent “Bob 2.0” drove 6x lead conversion and 8x full application volume—at near-zero marginal cost—validating Beeline’s proprietary automation strategy Workflow engine Hive & Task based model reduced closing...

ECD Auto Design Unleashes ‘67 Ghost — The First in a New Line of Bespoke Custom Mustangs

Written by Customer Service on May 21, 2025. Posted in Public Companies.

This debut Fastback ignites a new era of one-of-one Mustangs — custom-built by ECD, powered by Roush-engineered Small Block Ford V8s, and handcrafted to deliver heritage performance with modern-day refinement.KISSIMMEE, Fla., May 21, 2025 (GLOBE NEWSWIRE) — ECD Automotive Design (NASDAQ: ECDA), the world’s leading builder of reimagined classic Land Rovers and Jaguars, proudly reveals Project ‘67 Ghost, a fully bespoke 1967 Mustang Fastback — and the first Mustang built entirely in-house by ECD. More than a one-off commission, this vehicle marks the launch of ECD’s new Mustang program, offering made-to-order builds across 1965–1970 model years with authentic powertrains, heritage styling, and modern drivability. View images and videos of Project ‘67 Ghost Built on the same foundation that has made ECD the global leader in luxury...

Quipt Home Medical Confirms Receipt of Unsolicited Acquisition Proposal

Written by Customer Service on May 21, 2025. Posted in Mergers And Acquisitions.

CINCINNATI, May 21, 2025 (GLOBE NEWSWIRE) — Quipt Home Medical Corp. (“Quipt” or the “Company”) (NASDAQ: QIPT; TSX: QIPT), a U.S. based home medical equipment provider focused on end-to-end respiratory care, today announced that it has received an unsolicited non-binding and conditional and indicative proposal from Forager Capital Management, LLC (“FCM”) to acquire 100% of the Company’s issued and outstanding common shares at a price of $3.10 per common share (the “Non-Binding Proposal”). It is the Company’s policy not to comment on unsolicited offers and is confirming its receipt of the Non-Binding Proposal only because Forager has made it public. As previously disclosed, the Company entered into a Non-Disclosure and Standstill Agreement (the “Agreement”), dated February 1, 2025, with Forager Fund, L.P. (“Forager Fund”) and FCM...

Dycom Industries, Inc. Reports Fiscal 2026 First Quarter Results and Increases Annual Outlook

Written by Customer Service on May 21, 2025. Posted in Earnings Releases And Operating Results.

First Quarter Highlights(All metrics compared to the first quarter of fiscal 2025)Contract revenues of $1.259 billion, up 10.2% Adjusted EBITDA of $150.4 million, or 11.9% of contract revenues, up 14.9% Net income of $61.0 million, or $2.09 per common share diluted Record backlog of $8.127 billion as of April 26, 2025 Repurchased 200,000 shares for $30.2 million during Q1WEST PALM BEACH, Fla., May 21, 2025 (GLOBE NEWSWIRE) — Dycom Industries, Inc. (NYSE: DY) announced today its results for the first quarter ended April 26, 2025. “Dycom had a strong start to fiscal 2026 with continued progress against our goals, excellent financial and operational performance, and a record backlog. Based on our first quarter results and a favorable demand outlook, we are increasing our full year fiscal 2026 contract revenue outlook and remain...

YY Group Plans Expansion to Thailand, Targeting US$5 Billion Casual Labor Market

Written by Customer Service on May 21, 2025. Posted in Mergers And Acquisitions.

Singapore, May 21, 2025 (GLOBE NEWSWIRE) — YY Group Holding Limited (NASDAQ: YYGH) (“YY Group,” “YYGH,” or the “Company”), a global leader in on-demand workforce solutions and integrated facility management (IFM), is thrilled to announce its plans to establish a significant presence in Thailand through the acquisition of YY Circle Thailand. YY Group and YY Circle Thailand are in the process of reaching a definitive agreement, and the transaction is expected to close on June 2, 2025, with the completion of customary closing conditions. This acquisition marks a pivotal step in YY Group’s Southeast Asia expansion strategy. This strategic acquisition highlights YY Group’s commitment to empowering businesses and workers in Thailand’s vibrant casual labor market, currently estimated to be valued at THB170 billion (US$5 billion) annually. The...

Purple Biotech Reports First Quarter 2025 Financial Results

Written by Customer Service on May 21, 2025. Posted in Earnings Releases And Operating Results.

Final CM24 Phase 2 data presented at AACR Annual Meeting 2025, strengthening patient selection strategy for CM24 Phase 2b study planned to be initiated in Second Half of 2025 NT219 data presented at AACR Annual Meeting 2025; NT219 Phase 2 study in head and neck cancer on track to be initiated in First Half of 2025 CAPTN-3 differentiated T-cells and NK cells engagers tri-specific platform advances toward first-in-human clinical trials REHOVOT, Israel, May 21, 2025 (GLOBE NEWSWIRE) — Purple Biotech Ltd. (“Purple Biotech” or “the Company”) (NASDAQ/TASE: PPBT), a clinical-stage company developing first-in-class therapies that seek to overcome tumor immune evasion and drug resistance, announced today financial results for the three months ended March 31, 2025. “We are pleased to report continued progress on our...

Magic Software Reports First Quarter 2025 Financial Results

Written by Customer Service on May 21, 2025. Posted in Earnings Releases And Operating Results.

OR YEHUDA, Israel, May 21, 2025 (GLOBE NEWSWIRE) — Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the first quarter ended March 31, 2025. Summary Results for the First Quarter 2025 (USD in millions, except per share data) GAAP Non-GAAP Q1 2025 Q1 2024 % Change Q1 2025 Q1 2024 % ChangeRevenues $ 147.3 $ 130.7 12.7% $ 147.3 $ 130.7 12.7%Gross profit $ 40.6 $ 36.7 10.7% $ 41.9 $ 38.3 9.5%Gross margin 27.6% 28.1% (50) bps 28.5% 29.3% (80) bpsOperating income $ 15.7 $ 14.4 9.1% $ 18.5 $ 18.1 1.9%Operating margin 10.7% 11.0% (30) bps 12.6% 13.9% (130) bpsNet income (*) $ 9.5 $ 8.8 7.7% $ 12.2 $ 11.3 8.3%Diluted...

LXP Industrial Trust Leases 1.1 Million Square Foot Industrial Facility in Greenville/Spartanburg

Written by Customer Service on May 21, 2025. Posted in Public Companies.

WEST PALM BEACH, Fla., May 21, 2025 (GLOBE NEWSWIRE) — LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust (REIT) focused on Class A warehouse and distribution investments, today announced that it executed a lease for its approximately 1.1 million square foot industrial facility in the Greenville/Spartanburg, South Carolina market. The lease to a U.S. subsidiary of a global logistics company commences on June 1, 2025, for a two-year term, with two five-year renewal options, and an initial rent of $5.50 per square foot with 3.25% annual rental escalations. The signing of the lease results in an estimated stabilized cash yield of approximately 8.0% for the development project. T. Wilson Eglin, Chairman and Chief Executive Officer of LXP, commented, “Leasing our Greenville/Spartanburg industrial facility to a...

ArrowXL Optimizes Last Mile Delivery and Unlocks Capacity with Descartes

Written by Customer Service on May 21, 2025. Posted in Public Companies.

LONDON and ATLANTA, May 21, 2025 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that ArrowXL, the U.K.’s largest and longest-established two-person home delivery and warehousing specialist, is using Descartes’ route planning and execution solution to automate and optimize last mile delivery route planning. This enables ArrowXL’s route planning team to plan and optimize routes for deliveries dynamically and more efficiently, unlocking transportation capacity for the organization. “ArrowXL is focused on bespoke services centered around a customer-first approach,” said Rachel Hopkins, Chief Information Officer, ArrowXL. “With over 40 years’ experience completing deliveries for the U.K.’s leading retailers, e-tailers, and manufacturers,...

Fluke Reliability Launches Shaft Alignment Solution that Powers Precision Measurement and Maximizes Uptime

Written by Customer Service on May 21, 2025. Posted in Public Companies.

New rugged solution delivers immediate ROI by cutting energy use and maintenance costsShaft Alignment Tablet in ActionRugged professional tablet compatible with full range of Pruftechnik alignment kitsEVERETT, Washington, May 21, 2025 (GLOBE NEWSWIRE) — Fluke Reliability today announced a new Shaft Alignment solution, featuring rugged professional tablets compatible with its full range of alignment kits, including Pruftechnik’s single-laser alignment tools. Misalignments are an unseen force, driving increased utility costs and are the leading cause of 50% of unplanned downtime in rotating machines. A single 75 KW pump with an aligned offset of just 0.75mm increases utility costs by €1,624/$1,758 annually while also accelerating wear on bearings, seals, and couplings. With up to 90% of industrial equipment misaligned,...

Day: May 21, 2025

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