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Virtuix Forms Special Committee to Pursue Strategic Acquisitions in Defense Training Market

Board-Led Initiative Aims to Accelerate Revenue Growth and Expand Government Contract Access Following Growing Momentum in Defense Sector Committee Is Evaluating Targets Offering Contract Vehicles, Past Performance, and Synergistic Capabilities AUSTIN, Texas, May 07, 2026 (GLOBE NEWSWIRE) — Virtuix Holdings Inc. (NASDAQ: VTIX), a leading developer of full-body virtual reality (VR) systems, today announced that its Board of Directors has formed a special committee to evaluate potential acquisitions in the defense training and simulation industry. The committee is actively reviewing multiple acquisition opportunities, including targets in advanced-stage discussions, with a focus on companies that provide immediate access to government contract vehicles and recurring defense revenues in the $10M-$50M range. The initiative reflects...

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Maris-Tech Receives First Serial Production Order from Singapore Defense Customer

Customer advances from sample testing to serial orders, reinforcing confidence in Maris-Tech’s technology by the global defense market Rehovot, Israel, May 07, 2026 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (“AI”)- based edge computing technology, today announced that it has received its first serial production order through a distributor for an end customer in Singapore’s defense sector. The order follows a comprehensive evaluation process of Maris-Tech’s products. The customer initially procured product samples, which underwent comprehensive testing and assessment. Following this evaluation phase, the customer transitioned from sample orders to serial production purchases. “We believe that this transition from sample evaluation...

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Kraig Biocraft Laboratories Positions Itself as a Front-Runner in Spider Silk Race

Leadership includes Validated Technology, Scalable Production Momentum, and Relentless R&D Execution DENVER, May 07, 2026 (GLOBE NEWSWIRE) — (www.247marketnews.com) – In a sector filled with bold claims but limited real-world execution, Kraig Biocraft Laboratories (OTCQB: KBLB) is emerging as a serious contender in the global race to commercialize spider silk, backed not just by promise, but by validated science and advancing production capability. The race to commercialize spider silk, a material long hailed as one of the toughest and most versatile fibers on Earth, has attracted a wide field of innovators. At the center of this differentiation is the company’s focus on technology validation, a critical hurdle in a sector where many competitors remain in early-stage development or confined to laboratory-scale proof of...

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Concentrix to Present at Upcoming Investor Conferences

NEWARK, Calif., May 07, 2026 (GLOBE NEWSWIRE) — Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, announced today that members of its senior management team will participate in several upcoming investor conferences:20th Annual Needham Technology & Media Conference – on Thursday, May 14, 2026, Concentrix will offer a company presentation with question and answer session from 8:45 a.m. – 9:25 a.m. ET and will host investor meetings during the virtual event. J.P. Morgan 2026 Global Technology, Media and Communications Conference – on Monday, May 18, 2026, at the Westin Boston Seaport Hotel in Boston, MA, Concentrix will participate in a fireside chat from 11:45 a.m. – 12:20 p.m. ET and host investor meetings. 20th Annual Barrington Research Virtual Spring Investment Conference – on Wednesday,...

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RAVE Restaurant Group, Inc. Reports Third Quarter 2026 Results

DALLAS, May 07, 2026 (GLOBE NEWSWIRE) — RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the third quarter of fiscal 2026 ended March 29, 2026. Third Quarter Highlights:The Company recorded net income of $0.8 million for the third quarter of fiscal 2026, a 10.8% increase from the same period of the prior year.Income before taxes increased by 11.1% to $1.1 million for the third quarter of fiscal 2026 compared to the same period of the prior year.Total revenue increased by $0.3 million to $3.2 million for the third quarter of fiscal 2026 compared to the same period of the prior year, an 8.7% increase.Adjusted EBITDA increased by $0.2 million to $1.1 million for the third quarter of fiscal 2026 compared to the same period of the prior year, a 16.4% increase.On a fully diluted basis, net income...

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Novartis breaks ground on Denton, Texas radioligand therapy site; construction now underway across all new US facilities

US Under Secretary of Commerce Jeffrey Kessler, Texas State Senator Brent Hagenbuch, Novartis leadership mark expansion of company’s coast–to–coast RLT manufacturing network – the largest in the US Expanded infrastructure brings highly personalized cancer therapies closer to patients across the southern US Denton groundbreaking is latest milestone in Novartis’ $23 billion investment in US research and manufacturingBasel, May 7, 2026 – Novartis, a leading global innovative medicines company, today broke ground on its new 46,000 sq. ft radioligand therapy (RLT) manufacturing site in Denton, Texas, the latest milestone in its broader $23 billion investment in US manufacturing and research. The start of construction on the company’s first Texas‑based manufacturing facility brings US RLT production closer to patients across...

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Novartis breaks ground on Denton, Texas radioligand therapy site; construction now underway across all new US facilities

US Under Secretary of Commerce Jeffrey Kessler, Texas State Senator Brent Hagenbuch, Novartis leadership mark expansion of company’s coast–to–coast RLT manufacturing network – the largest in the USExpanded infrastructure brings highly personalized cancer therapies closer to patients across the southern USDenton groundbreaking is latest milestone in Novartis’ $23 billion investment in US research and manufacturingEast Hanover, May 7, 2026 – Novartis, a leading global innovative medicines company, today broke ground on its new 46,000 sq. ft radioligand therapy (RLT) manufacturing site in Denton, Texas, the latest milestone in its broader $23 billion investment in US manufacturing and research. The start of construction on the company’s first Texas‑based manufacturing facility brings US RLT production closer to patients...

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Alpha Pro Tech, Ltd. Announces First Quarter 2026 Financial Results

First Quarter Net Sales Increased by 5.5% to $14.6 Million, Compared to $13.8 Million for the First Quarter of 2025Net sales for the first quarter of 2026 were $14.6 million, up 5.5% compared to $13.8 million for the first quarter of 2025Disposable Protective Apparel segment sales increased by $1.3 million or 23.4%, to $6.7 million, compared to $5.5 million for the three months ended March 31, 2025 Building Supply segment sales decreased by $513,000 or 6.1%, to $7.9 million, compared to $8.4 million for the prior year periodNet income for the first quarter of 2026 was $702,000 or $0.07 per diluted share, compared to $613,000, or $0.06 per diluted share, for the first quarter of 2025 Cash of $16.9 million and working capital of $49.3 million with no debt, as of March 31, 2026NOGALES, Ariz., May 07, 2026 (GLOBE NEWSWIRE) —...

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Saga Communications, Inc. Reports 1st Quarter 2026 Results

GROSSE POINTE FARMS, Mich., May 07, 2026 (GLOBE NEWSWIRE) — Saga Communications, Inc. (Nasdaq – SGA) (the “Company” or “Saga”) today reported that net revenue decreased 5.6% to $22.9 million for the quarter ended March 31, 2026 compared to $24.2 million for the same period last year. Station operating expense decreased 0.2% for the quarter to $22.0 million compared to the same period last year. For the quarter, we had an operating loss of $3.3 million compared to $2.3 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 62.0% to $0.9 million. Capital expenditures were $0.8 million for the quarter compared to $0.7 million for the same period last year. We had a net loss of $2.4 million for the quarter compared to $1.6 million for the first quarter last year. Diluted loss...

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Tejon Ranch Co. Announces First Quarter 2026 Financial Results

TEJON RANCH, Calif., May 07, 2026 (GLOBE NEWSWIRE) — Tejon Ranch Co. (NYSE:TRC), (“Tejon” or the “Company”), a diversified real estate development and agribusiness company, today announced financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial HighlightsNet income attributable to common stockholders increased by $1.6 million to $0.2 million ($0.01/share basic and diluted), compared to a loss of $1.5 million, ($0.05/share) in the first quarter of 2025. Revenues and other income, including equity in earnings of unconsolidated joint ventures increased by $1.3 million to $10.8 million, compared to $9.6 million, while overall results also benefited from lower operating expenses compared to the first quarter of 2025. Adjusted EBITDA, a non-GAAP measure, increased by $2.0 million...

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