Month: May 2025

KOIL Energy Reports First Quarter 2025 Results

Written by Customer Service on May 20, 2025. Posted in Earnings Releases And Operating Results.

HOUSTON, May 20, 2025 (GLOBE NEWSWIRE) — Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, released today its first quarter 2025 results. First Quarter 2025 ResultsRevenue of $ 5.3 million Adjusted EBITDA margin of 6% Gross margin of 31%Erik Wiik, President and Chief Executive Officer of KOIL Energy, stated, “After four consecutive quarters of stellar performance, these results fell short of our expectations. We increased our base cost structure in response to last year’s elevated revenue levels, without adequately accounting for the inherent volatility in fixed-price contracts. We always knew our growth journey would have its ups and downs, and while this quarter presented a challenge, it reinforces our commitment to carefully building sustainable...

Freight Technologies Announces First Quarter 2025 Results

Written by Customer Service on May 20, 2025. Posted in Earnings Releases And Operating Results.

Gross margin % improvement | Lower net loss | Fleet Rocket launch HOUSTON, May 20, 2025 (GLOBE NEWSWIRE) — Freight Technologies, Inc. (Nasdaq: FRGT; “Fr8Tech” or the “Company”), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions, released its results for the first quarter ended March 31, 2025, on May 16, 2025. “In the first quarter of 2025, the Company continued to build on the transformative progress of 2024. We delivered further improvements across several key metrics including gross margins and cash flow from operations, extended agreements with several multinational enterprises, successfully launched Fleet Rocket, and introduced our advanced AI-powered Tendering Bot. Despite initial headwinds from a challenging and uncertain macroeconomic trade environment, we were able to...

Gildan Publishes its 2024 ESG Report Highlighting Advancements towards its 2030 ESG Targets

Written by Customer Service on May 20, 2025. Posted in Public Companies.

MONTREAL, May 20, 2025 (GLOBE NEWSWIRE) — Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) is pleased to announce the publication of its 21st Environmental, Social, and Governance (ESG) Report, outlining the Company’s continued progress against the ten targets of its Next Generation ESG strategy. “Over the years, ESG, which is one of three pillars of our Gildan Sustainable Growth (GSG) strategy, has been foundational to support our low-cost manufacturing operations, unlocking innovative business solutions and our ability to meet changing customer and consumer needs,” says Glenn Chamandy, President and CEO of Gildan. “Just as importantly, it has also helped us to attract and retain an engaged, experienced, and highly skilled workforce, and maintain the trust and support of the communities in which we operate....

Sono Group N.V. Reports First Quarter 2025 Results with €8.8 Million Net Income

Written by Customer Service on May 20, 2025. Posted in Earnings Releases And Operating Results.

MUNICH, May 20, 2025 (GLOBE NEWSWIRE) — Sono Group N.V. (OTCQB: SEVCF) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH or “Sono Motors”), the solar technology company, today announced its financial results for the first quarter ended March 31, 2025. Q1 2025 Financial HighlightsNet income of €8.8 million: positive net result driven primarily by non-cash fair value adjustments to convertible debt instruments. First revenues recorded following the Company’s financial turnaround, reflecting the initial commercialization of its solar solutions. Cash used in operating activities decreased to €2.2 million, down from €12.4 million in Q1 2024. Operating expenses remain disciplined, as the Company focuses on scaling its solar technology business and expanding market reach.Business Updates and OutlookCommenced...

Grant Williamson appointed as Canada Leader for Willis

Written by Customer Service on May 20, 2025. Posted in Public Companies.

NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) — Willis, a WTW business (Nasdaq: WTW), today announced the appointment of Grant Williamson as Canada leader within the Corporate Risk and Broking (CRB) business. In this role, Williamson will partner with the Canadian leadership team and leaders across North America and global specialty lines to drive the Canadian growth strategy through targeted go-to-market initiatives and strengthened local execution. Williamson’s appointment reflects the company’s commitment to deepening its leadership presence in Canada and driving continued growth in this key market. With 20 years of experience spanning enterprise risk management, property and casualty insurance, and employment practices liability, Williamson has built a strong track record of delivering client-focused risk solutions. He joined WTW...

Horizon Aircraft to Participate in Jefferies eVTOL/AAM Summit

Written by Customer Service on May 20, 2025. Posted in Public Companies.

TORONTO, May 20, 2025 (GLOBE NEWSWIRE) — New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), an advanced aerospace engineering company and developer of one the world’s first hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, announces that management will present at the Jefferies eVTOL/AAM Summit being held virtually on Wednesday, May 28, 2025. Additionally, management of the Company will be available for 1×1 meetings during the conference. Investors can click here to watch the live presentation webcast at 10am ET on May 28, 2025. A replay will be available for 30 days on the Company’s website following conclusion of the conference. For more information about Horizon Aircraft, please see the Company’s website or watch its innovative technology in action...

Wearable Devices Ltd. Releases New Mudra Link Update with Gesture-Based Media Control

Written by Customer Service on May 20, 2025. Posted in Public Companies.

Yokneam Illit, Israel, May 20, 2025 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI”)-powered touchless sensing wearables, today announced the release of a new Mudra Link update for Mac and Windows users. The latest version introduces significant enhancements, including support for gesture-based Media Keys control, a firmware update for improved stability, a streamlined onboarding experience, and various bug fixes. The new Media Control feature introduces gesture-based media control to the Mudra Link neural wristband, bringing a modern twist to a familiar digital convenience. For years, media keys on keyboards have offered users quick access to playback controls like play, pause, and volume. Mudra Link...

High Roller Appoints Adam Felman as Chief Financial Officer, Matt Teinert Departs

Written by Customer Service on May 20, 2025. Posted in Public Companies.

Las Vegas, Nevada, May 20, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the premium online casino brands High Roller and Fruta, today announced the appointment of Adam Felman as Chief Financial Officer, effective immediately, replacing Matt Teinert. “Matt Teinert has served as CFO since May 2023 and was instrumental in the process of bringing High Roller through its initial public offering and successful listing on the NYSE,” commented Ben Clemes, Chief Executive Officer at High Roller. “We’re pleased to welcome Adam Felman to our team,” said Clemes. “Adam brings strong experience and subject-matter expertise in gaming and public markets, both of which will be instrumental to our company as we enter an exciting new chapter.” Prior to joining High Roller, Mr. Felman,...

Kinetic Seas Launches KineticMD, a New In-Office AI Assistant for Physicians, and Enters Licensing Agreement with ABBSI for Initial Deployment in Longevity Medicine

Written by Customer Service on May 20, 2025. Posted in Public Companies.

SCHAUMBURG, Ill., May 20, 2025 (GLOBE NEWSWIRE) — Kinetic Seas Incorporated (OTCQB: KSEZ), an emerging provider of secure AI systems for healthcare and enterprise environments, is proud to announce the launch of KineticMD, an advanced large language model (LLM) platform designed for in-office use by physicians and medical professionals. Unlike cloud-based AI tools, KineticMD runs entirely on-site, ensuring that sensitive patient data remains local, private, and fully under the control of each clinic. KineticMD was co-developed with longevity physician Dr. Sasoon Moulavi, MD and has been initially licensed to the Age – Body – Brain – Stamina Institute (ABBSI). ABBSI is a private medical institute focused on advanced longevity treatments and personalized patient care, with a reputation for integrating cutting-edge diagnostics and...

Inseego Strengthens Carrier Partnerships with Addition of Two Industry Leaders to Sales Team

Written by Customer Service on May 20, 2025. Posted in Public Companies.

5G carrier experts joining to accelerate growth and innovation and further strengthen Inseego’s market position with Tier-1 carrier partners SAN DIEGO, May 20, 2025 (GLOBE NEWSWIRE) — Inseego Corp. (Nasdaq: INSG), a global leader in wireless broadband, including 5G mobile broadband and 5G fixed wireless access (FWA) solutions, today announced the appointment of two highly respected industry leaders to its Carrier Sales team. These strategic additions will play a critical role in advancing Inseego’s leadership in mobile broadband and enterprise FWA solutions with Tier-1 carrier partners. Both executives join Inseego as Vice Presidents within the Carrier Sales team, bringing decades of industry experience and extensive relationships across the 5G ecosystem. Their combined expertise will be instrumental in expanding and deepening...

Month: May 2025

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