Page 47 – Channelchek

Release – Kratos Defense & Security Solutions Schedules First Quarter 2025 Earnings Conference Call for Wednesday, May 7th

Posted on April 28, 2025April 28, 2025 by slightbourne@noblecapitalmarkets.com

Research News and Market Data for Kratos

SAN DIEGO, April 28, 2025 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the first quarter 2025 after the close of market on Wednesday, May 7th. Management will discuss the Company’s operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern).

The call will be available at www.kratosdefense.com. Participants may register for the call using this Online Form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that can be used to access the call. For those who cannot access the live broadcast, a replay will be available on Kratos’ website.

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low cost future manufacturing which is a value add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, visit www.KratosDefense.com.

Press Contact:
Claire Burghoff
claire.burghoff@kratosdefense.com

Investor Information:
877-934-4687
investor@kratosdefense.com

Release – V2X Awarded $103 Million U.S. Navy Contract for C-26 Support, Extending Legacy as a Readiness Multiplier

Posted on April 28, 2025April 28, 2025 by slightbourne@noblecapitalmarkets.com

Research News and Market Data on V2X

April 28, 2025

RESTON, Va., April 28, 2025 /PRNewswire/ — V2X (NYSE: VVX) Inc., has been awarded a $103 million contract by the U.S. Navy for Contractor Logistics Support (CLS) maintenance of C-26 aircraft, reinforcing V2X’s role as the best-value provider for this critical mission.

Under this contract, V2X will continue providing comprehensive CLS support, including aircraft engineering, upgrades maintenance and modifications.

“This award highlights the Navy’s continued confidence in V2X’s proven ability to deliver mission-capable aircraft with exceptional performance,” said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. “With a longstanding history of supporting Navy aviation, this contract reaffirms our commitment to providing mission-ready aircraft that enhance operational readiness worldwide.”

“With readiness rates north of 90%, V2X consistently delivers mission-capable aircraft while managing all aspects of maintenance, personnel, and equipment,” said Vinny Caputo, Senior Vice President of Aerospace Systems at V2X. “A key differentiator in V2X’s offering is our numerous FAA Part 145 repair stations, which are readiness multipliers,” Caputo added.

Work for this firm-fixed-price contract is expected to begin in June 2025, supporting eight C-26A/D aircraft stationed at four main operating bases, including one U.S. location and three international sites.

About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,100 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.

Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
IR@goV2X.com
719-637-5773

Media Contact
Angelica Spanos Deoudes
Senior Director, Marketing and Communications
Angelica.Deoudes@goV2X.com
571-338-5195

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SOURCE V2X, Inc.

Release – Alliance Resource Partners, L.P. Reports First Quarter Financial and Operating Results; Declares Quarterly Cash Distribution of $0.70 Per Unit; and Updates 2025 Guidance

Posted on April 28, 2025April 28, 2025 by slightbourne@noblecapitalmarkets.com

Research News and Market Data on Alliance Resource Partners

April 28, 2025

2025 Quarter Highlights

Total revenue of $540.5 million, net income of $74.0 million, and Adjusted EBITDA of $159.9 million
$57.7 million increase in net income and $36.0 million increase in Adjusted EBITDA compared to the Sequential Quarter
Added 17.7 million tons of contract commitments over the 2025 – 2028 time period
2025 expected coal sales volumes over 96% committed and priced
Declares quarterly cash distribution of $0.70 per unit, or $2.80 per unit annualized

TULSA, Okla.–(BUSINESS WIRE)– Alliance Resource Partners, L.P. (NASDAQ: ARLP) (“ARLP” or the “Partnership”) today reported financial and operating results for the quarter ended March 31, 2025 (the “2025 Quarter”). This release includes comparisons of results to the quarter ended March 31, 2024 (the “2024 Quarter”), and to the quarter ended December 31, 2024 (the “Sequential Quarter”). All references in the text of this release to “net income” refer to “net income attributable to ARLP.” For a definition of Adjusted EBITDA and related reconciliation to its comparable GAAP financial measure, please see the end of this release.

Total revenues in the 2025 Quarter decreased 17.1% to $540.5 million compared to $651.7 million for the 2024 Quarter primarily as a result of reduced coal sales volumes and prices as well as lower transportation revenues. Net income for the 2025 Quarter was $74.0 million, or $0.57 per basic and diluted limited partner unit, compared to $158.1 million, or $1.21 per basic and diluted limited partner unit, for the 2024 Quarter as a result of lower revenues and a decrease in the fair value of our digital assets, partially offset by lower operating expenses. Adjusted EBITDA for the 2025 Quarter was $159.9 million compared to $238.4 million in the 2024 Quarter.

Compared to the Sequential Quarter, net income in the 2025 Quarter increased by $57.7 million as a result of higher oil & gas royalty revenues, which increased 18.7%, improved per ton costs at our coal operations, lower depreciation, and an asset impairment charge in the Sequential Quarter. Partially offsetting these increases, coal sales volumes declined 7.7% and the fair value of our digital assets decreased compared to the Sequential Quarter. Adjusted EBITDA for the 2025 Quarter increased 29.0% compared to the Sequential Quarter.

CEO Commentary

“Our overall operations performed as anticipated during the quarter, delivering sequential and year-over-year cost improvements in the Illinois Basin,” commented Joseph W. Craft III, Chairman, President and CEO. “In Appalachia, we expect meaningful improvement in mining conditions for the rest of the year, leading to increased production and lower costs to fall within our 2025 full year guidance range.”

Mr. Craft continued, “We were active on the contracting front, securing 17.7 million tons of additional contract commitments over the 2025-2028 time period. For 2025, we now have over 96% of our projected midpoint coal sales volumes contractually committed. The domestic market strengthened considerably in early 2025 due to the cold winter season, higher natural gas prices, diminishing coal inventories, and upward revisions in electricity demand forecasts from our customers, who continue to recognize ARLP as a trusted partner for their critical baseload fuel requirements.”

Mr. Craft concluded, “On April 8, 2025, President Trump signed four Executive Orders to expand domestic coal-fired generation, seeking affordable electricity for the American people and grid stability in anticipation of growing energy demand which is critical for our country’s national security interests. The Executive Order addressing grid reliability cited that rapid technological advancements, an expansion of AI data centers, and increased domestic manufacturing are driving an unprecedented surge in electricity demand and placing a significant strain on our nation’s electric grid. The White House now forecasts that U.S. electricity demand is expected to rise 16% over the next five years, three times the growth forecasted just a year ago.”

Release – Perfect Corp. Reports Unaudited Financial Results for the Three Months Ended March 31, 2025

Posted on April 28, 2025April 28, 2025 by slightbourne@noblecapitalmarkets.com

Research News and Market Data on Perfect

April 28, 2025

NEW YORK–(BUSINESS WIRE)– Perfect Corp. (NYSE: PERF) (“Perfect” or the “Company”), a leading artificial intelligence (“AI”) company offering AI and augmented reality (“AR”) powered solutions to beauty and fashion industries, today announced its unaudited financial results for the three months ended March 31, 2025.

Highlights for the Three Months Ended March 31, 2025

Total revenuewas $16.0 million for the three months ended March 31, 2025, compared to $14.3 million in the same period of 2024, an increase of 12.1%. The increase was primarily due to growth momentum in the revenue of AI- and AR- cloud solutions and mobile app and web services subscriptions.
Gross profitwas $12.5 million for the three months ended March 31, 2025, compared to $11.2 million in the same period of 2024, an increase of 11.4%.
Net income was $2.3 million for the three months ended March 31, 2025, compared to a net income of $0.6 million during the same period of 2024, an increase of 264.0%.
Adjusted net income (non-IFRS)¹was $2.0 million for the three months ended March 31, 2025, compared to adjusted net income (non-IFRS) of $1.5 million in the same period of 2024, an increase of 33.3%.
Operating cash flowwas $4.3 million in the first quarter of 2025, compared to $3.5 million in the same period of 2024, an increase of 22.8%.
The number of active subscriber for the Company’s YouCam mobile beauty app and web services was 973,000 as of March 31, 2025, compared to over 902,000 as of March 31, 2024, an increase of 7.9%.
As of March 31, 2025, the Company’s cumulative customer base included 801 brand clients, with over 891,000 digital stock keeping units (“SKUs”) for makeup, haircare, skincare, eyewear, watches and jewelry products, compared to 732 brand clients and over 822,000 digital SKUs as of December 31, 2024. The number of Key Customers²of the Company as of March 31, 2025 was 148 compared to 151 as of December 31, 2024. This slight decrease was primarily driven by an increase in churn among North American client as a result of rising financial challenges in the macroeconomic environment.

Ms. Alice H. Chang, the Founder, Chairwoman, and Chief Executive Officer of Perfect commented, “Despite recent macroeconomic uncertainties, we continue to achieve revenue growth, maintain positive net income, generate healthy cash flow, with a robust balance sheet and positive operating cash flow. The consistent performance reflects the resilience of our team and the leadership of our management. By seizing market opportunities and expanding our total addressable market, we are not only attracting new clients but also building a solid foundation for sustained, long-term growth.”

Financial Results for the Three Months Ended March 31, 2025

Revenue

Total revenue was $16.0 million for the three months ended March 31, 2025, compared to $14.3 million in the same period of 2024, an increase of 12.1%.

AI- and AR- cloud solutions and subscription revenue was $14.1 million for the three months ended March 31, 2025, compared to $12.4 million in the same period of 2024, an increase of 13.3%. The increase was driven by the growth of YouCam mobile app and web services subscription, stable demand for the Company’s online virtual product try-on solutions from brand customers, and the growing popularity among consumers of Generative AI technologies and AI editing features for photos and videos. The growth in the mobile app and web services subscription revenue was also contributed by the continuous pricing optimization as well as the introduction of higher margin premium subscription plan, featuring enhanced functionality for more advanced Generative AI functionalities.
Licensing revenue remains stable at $1.6 million for the three months ended March 31, 2025 and March 31, 2024, respectively. The Company expects the licensing revenue will become increasingly immaterial as it continues to focus on strengthening its market leadership in the consumer beauty and AI mobile apps as well as in the beauty and fashion AI- and AR- industry.

Gross Profit

Gross profit was $12.5 million for the three months ended March 31, 2025, compared with $11.2 million in the same period of 2024, an increase of 11.4%. Gross margin was 77.9% for the three months ended March 31, 2025, from 78.3% in the same period of 2024. The slight decrease in gross margin was primarily due to the increase in third-party payment processing fees paid to digital distribution partners, such as Google and Apple, due to the steady growth in our YouCam mobile app and web services subscription revenue.

Total Operating Expenses

Total operating expenses were $12.6 million for the three months ended March 31, 2025, compared with $12.4 million in the same period of 2024, an increase of 2.0%. The increase was primarily due to increases in research and development (“R&D”) and sales and marketing expenses, which was mostly offset by a decrease in general and administrative expenses in the first quarter of 2025.

Sales and marketing expenseswere $7.4 million for the three months ended March 31, 2025, compared to $7.2 million during the same period of 2024, an increase of 2.6%. This increase was primarily due to an increase in marketing events and advertising expenses related to our mobile apps and cloud computing.
Research and development expenseswere $3.6 million for the three months ended March 31, 2025, compared to $3.0 million during the same period of 2024, an increase of 17.5%. The increase resulted from increases in R&D headcount and related personnel costs.
General and administrative expenseswere $1.7 million for the three months ended March 31, 2025, compared to $2.2 million during the same period of 2024, a significant decrease of 21.6%. The decrease was primarily due to reduced corporate insurance premium and external professional service fees.

Net Income

Net income was $2.3 million for the three months ended March 31, 2025, compared to a $0.6 million during the same period of 2024, an increase of 264.0%. The increase in net income was primarily due to (i) our steady revenue growth and effective cost control , and (ii) an increase in gains from financial liabilities in connection with our outstanding warrants.

Adjusted Net Income (Non-IFRS)

Adjusted net income was $2.0 million for the three months ended March 31, 2025, compared to $1.5 million in the same period of 2024, an increase of 33.3%.

Liquidity and Capital Resource

As of March 31, 2025, the Company’s cash and cash equivalents remained stable at $128.3 million (or $164.6 million when including 6-month time deposits of $36.3 million, which are classified as current financial assets at amortized cost under IFRS), compared to $127.1 million as of December 31, 2024 (or $165.9 million when including time deposits and money market funds).

The Company had a positive operating cash flow of $4.3 million in the first quarter of 2025, compared to $3.5 million in the same period of 2024. The Company continues to invest in growth while maintaining a healthy cash reserve to support business operations underscoring the Company’s operational health and sustainability.

Business Outlook for 2025

Based on the growth momentum in both YouCam mobile apps and web subscriptions and enterprise SaaS solution demands, the Company reiterates its expectation of a 13.0% to 14.5% year-over-year total revenue growth for 2025, compared to 2024.

Note that this forecast is based on the Company’s current assessment of the market and operational conditions, and that these factors are subject to change.

Conference Call Information

The Company’s management will hold an earnings conference call at 8:00 p.m. Eastern Time on April 28, 2025 (8:00 a.m. Taipei Time on April 29, 2025) to discuss the financial results. For participants who wish to join the call, please complete online registration using the link provided below in advance of the conference call. Upon registering, each participant will receive a participant dial-in number and a unique access PIN, which can be used to join the conference call.

Registration Link: https://registrations.events/direct/Q4I51630494

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.perfectcorp.com.

About Perfect Corp.

Founded in 2015, Perfect Corp. is a leading AI company offering self-developed AI- and AR- powered solutions dedicated to transforming the world with digital tech innovations that make your virtual world beautiful. On its direct to consumer business, Perfect operates a family of YouCam consumer apps and web-editing services for photo, video and camera users, centered on unleashing creativity with AI-driven features for creation, beautification and enhancement. On Perfect’s enterprise business side, Perfect empowers major beauty, skincare, fashion, jewelry, and watch brands and retailers by supplying them with omnichannel shopping experiences through AR product try-ons and AI-powered skin diagnostics. With cutting-edge technologies such as Generative AI, real-time facial and hand 3D AR rendering and cloud solutions, Perfect enables personalized, enjoyable, and engaging shopping journey and helps brands elevate customer engagement, increase conversion rates, and propel sales growth. Throughout this journey, Perfect maintains its unwavering commitment to environmental sustainability and fulfilling social responsibilities. For more information, visit https://ir.perfectcorp.com/.

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, or the Exchange Act, that are based on beliefs and assumptions and on information currently available to Perfect. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. These statements are based on Perfect’s reasonable expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Perfect’s control. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Perfect to predict these events or how they may affect Perfect. In addition, risks and uncertainties are described in Perfect’s filings with the Securities and Exchange Commission. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Perfect cannot assure you that the forward-looking statements in this communication will prove to be accurate. There may be additional risks that Perfect presently does not know or that Perfect currently does not believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by Perfect, its directors, officers or employees or any other person that Perfect will achieve its objectives and plans in any specified time frame, or at all. Except as required by applicable law, Perfect does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date of this communication. You should, therefore, not rely on these forward-looking statements as representing the views of Perfect as of any date subsequent to the date of this communication.

Use of Non-IFRS Financial Measures

This press release and accompanying tables contain certain non-IFRS financial measures, including adjusted net income, as supplemental metrics in reviewing and assessing Perfect’s operating performance and formulating its business plan. Perfect defined these non-IFRS financial measures as follows:

Adjusted net income (loss) is defined as net income (loss) excluding one-off transaction costs³, non-cash equity-based compensation, and non-cash valuation (gain)/loss of financial liabilities. For a reconciliation of adjusted net income (loss) to net income (loss), see the reconciliation table included elsewhere in this press release.

Non-IFRS financial measures are not defined under IFRS and are not presented in accordance with IFRS. Non-IFRS financial measures have limitations as analytical tools, which possibly do not reflect all items of expense that affect our operations. Share-based compensation expenses have been and may continue to be incurred in our business and are not reflected in the presentation of the non-IFRS financial measures. In addition, the non-IFRS financial measures Perfect uses may differ from the non-IFRS measures used by other companies, including peer companies, and therefore their comparability may be limited. The presentation of these non-IFRS financial measures is not intended to be considered in isolation from or as a substitute for the financial information prepared and presented in accordance with IFRS. The items excluded from our adjusted net income are not driven by core results of operations and render comparison of IFRS financial measures with prior periods less meaningful. We believe adjusted net income provides useful information to investors and others in understanding and evaluating our results of operations, as well as providing a useful measure for period-to-period comparisons of our business performance. Moreover, such non-IFRS measures are used by our management internally to make operating decisions, including those related to operating expenses, evaluate performance, and perform strategic planning and annual budgeting.

Merck KGaA to Acquire SpringWorks Therapeutics in $3.9 Billion Deal to Expand Rare Tumor Treatments

Posted on April 28, 2025April 28, 2025 by slightbourne@noblecapitalmarkets.com

Merck KGaA, Darmstadt, Germany, is making a significant move to bolster its healthcare division, announcing plans to acquire U.S.-based SpringWorks Therapeutics for approximately $3.9 billion. The definitive agreement will see Merck pay $47 per share in cash, representing a 26% premium to SpringWorks’ 20-day average stock price before news of the deal first surfaced.

This acquisition fits neatly into Merck’s long-term strategy to expand its global healthcare portfolio, particularly in the area of rare tumors and precision oncology. With this deal, Merck will not only add two groundbreaking FDA-approved therapies to its pipeline but also strengthen its commercial footprint in the United States—the largest pharmaceutical market in the world.

SpringWorks brings to the table a robust portfolio focused on rare diseases and oncology. Its leading products include OGSIVEO® (nirogacestat), the first systemic therapy approved for adults with progressing desmoid tumors, and GOMEKLI™ (mirdametinib), the first FDA-approved treatment for both adults and children with neurofibromatosis type 1-associated plexiform neurofibromas (NF1-PN). Both therapies address underserved patient populations and are expected to drive immediate and sustainable revenue growth for Merck’s healthcare business.

“This acquisition marks a major step in our strategy to position Merck as a global powerhouse in science and technology,” said Belén Garijo, Chair of the Executive Board and CEO of Merck KGaA, Darmstadt, Germany. “It enhances our rare tumor portfolio, expands our presence in the U.S., and accelerates growth opportunities for our Healthcare sector.”

Financially, the acquisition is expected to be immediately revenue accretive and to contribute to earnings per share (EPS pre) by 2027. Merck plans to finance the acquisition through a combination of cash on hand and new debt while preserving its strong investment-grade credit rating.

SpringWorks’ CEO Saqib Islam expressed optimism about the deal, emphasizing that Merck’s resources and global reach will allow SpringWorks’ innovative therapies to benefit a broader population of patients worldwide. “We believe joining Merck will enable us to accelerate our mission to improve the lives of people affected by devastating rare tumors,” Islam said.

Regulatory approvals and SpringWorks shareholder approval are still pending, but both companies’ boards have unanimously supported the transaction. Closing is expected in the second half of 2025.

Beyond just two approved therapies, SpringWorks also brings a promising pipeline of additional programs targeting solid tumors and hematological cancers. Merck’s move to integrate this pipeline reflects its commitment to diversifying its portfolio while focusing on innovation-driven growth.

The acquisition also fits neatly into Merck’s wider portfolio strategy revealed during its 2024 Capital Markets Day: pursue external innovation through in-licensing and acquisitions that deliver early value. While healthcare remains a priority, Merck maintains ambitions to expand across its life sciences and electronics sectors as well.

For investors and the healthcare community, this deal signals that Merck is serious about building a leadership position in treating rare tumors and is willing to invest heavily to secure future growth. It also promises a significant expansion of treatment options for patients with limited existing therapies.

Take a moment to take a look at more emerging growth healthcare companies by taking a look at Noble Capital Markets’ Research Analyst Robert Leboyer’s coverage list.

MustGrow Biologics Corp. (MGROF) – Reports 4Q25 Results

Posted on April 28, 2025April 28, 2025 by cpereira@noblefcm.com

Monday, April 28, 2025

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

4Q25 Results. Revenue totaled $118.8 million, reflecting initial sales of TerraSante product. We were at $25,000. Net loss totaled $1.2 million, or a loss of $0.02/sh, in line with our estimate. For the full year, MustGrow reported revenue of $398,018 and a net loss of $4.9 Million, or a loss of $0.09/sh, also inline with our expectations.

Capital Raise. In mid-January, MustGrow raised $2.585 million of capital through the sale of convertible debentures. Combined with the $3 million of cash at year-end, we believe the Company has sufficient liquidity until significant revenue begins, which we expect this year.

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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.

Release – ACCO Brands Corporation Declares Quarterly Dividend

Posted on April 25, 2025April 25, 2025 by aweinsoff@channelchek.com

Research News and Market Data on ACCO

04/25/2025

LAKE ZURICH, Ill.–(BUSINESS WIRE)– ACCO Brands Corporation (NYSE: ACCO) today announced that its board of directors has declared a quarterly cash dividend of $0.075 per share. The dividend will be paid on June 18, 2025 to stockholders of record as of the close of business on May 23, 2025.

About ACCO Brands Corporation

ACCO Brands is the leader in branded consumer products that enable productivity, confidence and enjoyment while working, when learning and while playing. Our widely recognized brands include AT-A-GLANCE^®, Five Star^®, Kensington^®, Leitz^®, Mead^®, PowerA^®, Swingline^®, Tilibra^® and many others. More information about ACCO Brands Corporation (NYSE: ACCO) can be found at www.accobrands.com.

For further information:

Chris McGinnis
Investor Relations
(847) 796-4320

Kori Reed
Media Relations
(224) 501-0406

Source: ACCO Brands Corporation

Multimedia Files:

Release – Aurania Appoints Corporate Secretary and Provides Highlights from Year End Financial Statements

Posted on April 25, 2025April 25, 2025 by aweinsoff@channelchek.com

Research News and Market Data on AUIAF

April 25, 2025 7:51 AM EDT

Toronto, Ontario–(Newsfile Corp. – April 25, 2025) – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (“Aurania” or the “Company”) is pleased to announce the appointment of Ms. Carolyn Muir as Corporate Secretary of the Company, in addition to her role as Vice President, Corporate Development & Investor Relations. The Company also reports that its Financial Statements and Management’s Discussion and Analysis for the year ended December 31, 2024, are available under Aurania’s public filings on SEDAR+ at www.sedarplus.com and on the Company’s website. Highlights are described below.

Highlights from Management’s Discussion and Analysis

During the fourth quarter of 2024, the Company advanced drill target definition at its Kuri-Yawi gold target through detailed geophysical surveys and geological mapping. Preliminary results show a large vertical conductive corridor aligned with thallium-rich chalcedony veins, sinters and hydrothermal alterations, key indicators of epithermal systems. Two main chargeability structures were identified, interpreted as potential mineralized zones. Ongoing data integration will guide preparations for a future drill campaign.

The Anaconda mapping program at the Awacha porphyry copper target area was completed during 2024. Initial geological reconnaissance has confirmed an area of interest through the observation of porphyric intrusive showing potassic and sericite alteration with the presence of quartz veins with chalcopyrite traces. Next steps will consist of an interpretation of all the data collected with the realization of thematic maps to define the most prospective area of interest.

During 2024, Aurania’s CSR activities supported clean water access, education, and women’s entrepreneurship across the communities in its areas of influence in Ecuador, including the launch of a micro-business program, school and library construction, and community-based training initiatives.

The Swiss challenge and public consultation phases associated with the application for a 51 km² exploration permit-located immediately adjacent to the South Armorican Shear (cisaillement sud-armoricain) in the Brittany Peninsula of northwestern France-have now been completed, and the Company continues to advance through the progress of the application.

The Company signed non-binding memoranda of understanding with the Communes of Ogliastro and Nonza in Cap Corse, Northern Corsica, France, for the exploitation of heavy mineral beach placers that are highly enriched in nickel (Ni) and other metals. The nickel-bearing mineral in the black magnetic sand is awaruite, a naturally occurring nickel-iron alloy, which is both of high specific gravity (dense) and of high magnetic susceptibility (magnetic).

AuroVallis, the wholly owned Swiss subsidiary of Aurania, completed the liquidation process initiated several years on June 30, 2024, with no impact on the Company’s consolidated financial figures.

On September 23, 2024, Palamina Corp. (“Palamina”), completed the acquisition of 100% of the shares of Aurania’s Peruvian subsidiary in exchange of 350,000 common shares of Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) and a 1% Net Smelter Return (“NSR”) royalty over certain mining claims located in Peru and held by the Company’s subsidiary. Palamina has the option to buy back half of the NSR for $1,000,000 at any time.

During 2024, the Company completed two non-brokered private placements totaling $5,429,481 in gross proceeds, with units priced at $0.20 and $0.45, each including one common share and one warrant. Proceeds were used to advance exploration activities and working capital. To preserve cash and improve the balance sheet, the Company settled $3,812,781 in debt owed to Dr. Keith Barron through the issuance of common shares. Additionally, the Company received a $1,000,000 unsecured loan from Dr. Barron to support ongoing operations.

The Company reached an agreement with the corresponding Ecuadorian authorities for the payment of the annual concession fees of its 42 mineral exploration concessions in Ecuador for the year 2024. Subsequent to year end, the Company filed all the appropriate documentation for the renewal of its 42 mineral exploration concessions in Ecuador for the year 2025 and filed a request to enter into a new agreement for payment of the associated annual concession fees. Its property in Ecuador remains in good standing while an agreement is being finalized.

Subsequent to year end, on April 3, 2025, the Company announced its intention to complete a non-brokered private placement financing of up to 5,000,000 units of the Company at a price of $0.30 per unit for total gross proceeds of up to $1,500,000. On April 17, 2025, the Company announced the closure of the first tranche. An aggregate of 3,182,899 units were sold under the first tranche for total gross proceeds of $954,870. Each unit consisting of one common share of the Company and one common share purchase warrant, the warrant having and exercise price of $0.55 per common share and an expiry date of two years after closing of the first tranche. Dr. Keith Barron subscribed for 1,000,000 Units of this offering.

Option Grant

On April 24, 2025, Ms. Carolyn Muir was granted 130,000 stock options exercisable at C$0.27 each in connection with her appointment as Corporate Secretary and her existing roles as VP Corporate Development and Investor Relations of the Corporation. The options have a 5-year expiry term and shall vest one-third immediately, one-third one year from the date of grant, and one-third vesting two years after the date of grant.

Qualified Person

The technical information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management’s current expectations and assumptions. The forward-looking information includes Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations, the Company’s teams being on track ahead of any drill program, the commencement of any drill program and estimates of market conditions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to Aurania, including the assumption that, there will be no material adverse change in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including various local government licenses and the market. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things: commodity prices, supply chain disruptions, restrictions on labour and workplace attendance and local and international travel; a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents; an inability to access financing as needed; a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Aurania; a failure to comply with environmental regulations; a weakening of market and industry reliance on precious metals and base metals; and those risks set out in the Company’s public documents filed on SEDAR+. Aurania cautions the reader that the above list of risk factors is not exhaustive. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE: Aurania Resources Ltd.

FreightCar America (RAIL) – Gaining Market Share

Posted on April 25, 2025April 25, 2025 by cpereira@noblefcm.com

Friday, April 25, 2025

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Robust first quarter order activity. During the first quarter ending on March 31, FreightCar America received orders for a total of 1,250 railcars valued at approximately $141 million. Based on the Railway Supply Institute’s American Railway Car Institute Committee (ARCI) first quarter 2025 reporting statistics, industry orders totaled 5,085 railcars, while deliveries amounted to 7,810. Freight Car’s orders represented approximately 25% of all new railcars ordered during the quarter and 36% of FreightCar America’s addressable market.

2025 corporate guidance. Railcar deliveries are expected to be in the range of 4,500 to 4,900, revenue is expected to be in the range of $530 million to $595 million, and adjusted EBITDA is expected to be in the range of $43 to $49 million. Our current 2025 estimates include railcar deliveries of 4,700 units, revenue of $562.5 million, and EBITDA of $45.4 million. While first quarter orders of 1,250 was above our estimate of 1,000, our estimate for first quarter deliveries is unchanged.

Get the Full Report

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

Alpayana’s All-Cash Offer for Sierra Metals

Posted on April 25, 2025April 25, 2025 by slightbourne@noblecapitalmarkets.com

Key Points:
– Alpayana offers $1.15/share cash for Sierra Metals in a board-supported bid.
– Sierra Metals’ board recommends shareholders accept the premium offer.
– Experienced Alpayana extends bid deadline to May 12, 2025.

In a development that could significantly impact small and micro-cap mining investors, Sierra Metals Inc. (TSX: SMT) has announced an agreement in principle for an all-cash takeover bid from Alpayana S.A.C. and its Canadian subsidiary, Alpayana Canada Ltd. The offer, priced at CDN $1.15 per common share, represents a board-supported initiative that aims to bring Sierra Metals under the ownership of the experienced Peruvian mining firm.

This agreement marks a potential turning point for Sierra Metals, a Canadian company focused on copper production with additional base and precious metals by-products from its Yauricocha Mine in Peru and Bolivar Mine in Mexico. The all-cash offer provides a clear exit strategy for current shareholders at a defined premium, pending the finalization of a support agreement expected by April 30, 2025.

The CDN $1.15 per share bid has garnered the unanimous support of Sierra Metals’ Board of Directors and a special committee of independent directors. This endorsement is further strengthened by an oral fairness opinion from BMO Capital Markets, Sierra Metals’ financial advisor, which suggests the offer is fair from a financial perspective to the company’s shareholders, subject to certain conditions and limitations. Consequently, the Sierra Metals board will unanimously recommend that shareholders tender their shares to the Supported Bid.

Alpayana’s interest in Sierra Metals comes from a position of financial strength and extensive operational experience. Alpayana is a family-owned, private mining company with over 38 years of experience operating in Peru. Notably, the company boasts annual revenues exceeding US$500 million and is currently debt-free, indicating a robust financial foundation to support this acquisition. Alpayana emphasizes a commitment to sustainable and responsible mining practices, focusing on the well-being of employees, communities, and the environment. Their track record includes successful mergers and acquisitions and a long-term investment perspective.

To facilitate the transaction and provide Sierra Metals shareholders ample time to consider the offer, Alpayana Canada has extended the expiry time of its existing takeover bid to 5:00 p.m. (Toronto time) on May 12, 2025. This extension suggests a commitment from Alpayana to ensure a smooth and considered process for shareholders.

For investors in the small and micro-cap space, this acquisition presents a potential opportunity to realize immediate value on their Sierra Metals holdings. The all-cash nature of the offer removes future market risk associated with the company’s stock. However, for those who believe in Sierra Metals’ long-term growth potential, particularly given its recent discoveries and exploration opportunities in Peru and Mexico, the offer might represent a premature exit.

The coming weeks will be crucial as the support agreement is finalized and Sierra Metals issues an amended Directors’ Circular with further details and its formal recommendation. Investors should carefully review these documents and assess their investment objectives in light of this developing acquisition.

Take a moment to take a look at Noble Capital Markets’ Research Analyst Mark Reichman’s coverage list for more emerging growth industrials and basic industries companies.

Tesla Roars Back Upon New DOT Self-Driving Car Regulations

Posted on April 25, 2025April 25, 2025 by slightbourne@noblecapitalmarkets.com

Key Points:
– Tesla’s stock price jumps significantly following the U.S. Department of Transportation’s new self-driving car regulations.
– The potential entry into the Indian market adds another positive catalyst for the electric vehicle and technology giant.
– CEO Elon Musk’s reduced involvement in the Trump administration is seen as a positive for the brand.

Tesla (TSLA) has seen a dramatic resurgence this week, with its stock price soaring on a wave of positive news, positioning it for a near-20% weekly gain. This rally comes after a challenging period for the electric vehicle (EV) and technology leader, which saw its stock plummet 50% from its December highs to its yearly lows.

The latest spark igniting investor enthusiasm came from the U.S. Department of Transportation (DoT), which unveiled a new framework for self-driving car regulations late Thursday. This framework includes measures to “streamline” reporting requirements for vehicles equipped with automated or driver-assist systems. Transportation Secretary Sean Duffy emphasized the administration’s focus on outpacing China in innovation, stating that the new rules aim to cut red tape and establish a unified national standard that encourages both innovation and safety.

Adding to the positive momentum, the National Highway Traffic Safety Administration (NHTSA) announced an expansion of an existing program. This program, which previously exempted certain foreign-made autonomous vehicles from some review processes to accelerate testing, will now include U.S.-made vehicles. This development is seen as a significant tailwind for Tesla, which has been aggressively pursuing advancements in autonomous driving technology.

During the company’s recent earnings call, CEO Elon Musk reiterated Tesla’s expectation to begin “selling fully autonomous rides in June in Austin.” He further emphasized the company’s long-term vision, stating that “the future of the company is fundamentally based on large-scale autonomous cars and large-scale … numbers of autonomous humanoid robots.” Musk believes that Tesla’s ability to produce truly useful autonomous vehicles and robots at scale and low cost positions the company for “staggering” future value.

Beyond self-driving advancements, Tesla’s stock also received a boost from a Bloomberg report suggesting a potential imminent entry into the Indian market. The report indicated that some customers who had previously placed reservation deposits were receiving refunds, often seen as a precursor to a formal market entry. Tesla acknowledged on its earnings call that it had been “very careful trying to figure out when is the right time” to enter India, given the current tariff structure that could significantly inflate the price of its vehicles. This renewed speculation of entering a potentially massive market like India has clearly excited investors.

Earlier in the week, Tesla’s stock experienced its most significant jump following Elon Musk’s announcement during the earnings call that he would be “significantly” reducing his time spent in the Trump administration, specifically his role leading the Department of Government Efficiency (DOGE). Musk’s involvement in the administration had reportedly weighed on the brand’s perception, particularly in Europe, contributing to slower sales growth in the early part of the year.

Noted Tesla bull Dan Ives of Wedbush Securities described Musk’s step back from his government role as “an off ramp” from a period of “global brand damage” and “political firestorm.” Ives believes this move will allow Musk to refocus on Tesla’s core strengths, particularly autonomous driving and robotics, potentially ushering in a “brighter chapter” for the company.

While this week’s rally has been significant, pushing the stock to its highest level in a month, it’s important to note that Tesla’s stock remains down approximately 30% year-to-date. Ives also cautioned that the “brand damage” caused by Musk’s political involvement “will not go away just by this move” and could have some lasting impact.

Nevertheless, the combination of favorable regulatory developments in the self-driving space, renewed hopes for entry into the Indian market, and a perceived positive shift in Elon Musk’s focus has created a powerful upward momentum for Tesla’s stock, offering a glimmer of hope for investors who have endured a challenging start to 2025.

U.S. Jobless Claims Hold Steady, But Labor Market Appears Stuck in Neutral

Posted on April 25, 2025April 25, 2025 by slightbourne@noblecapitalmarkets.com

Key Points:
– Weekly jobless claims rose to 222,000, staying within a stable range despite wider economic uncertainties.
– The lack of layoffs is encouraging, but economists caution that the labor market appears frozen, with minimal hiring or quitting.
– The Fed is likely to monitor labor dynamics closely as it weighs timing for potential rate cuts.

The U.S. labor market continues to defy expectations of a slowdown—at least on the surface. Initial jobless claims edged up by 6,000 to 222,000 last week, according to data released Thursday by the Labor Department. The slight increase keeps new unemployment claims within the same stable range they’ve occupied for much of 2025, but behind the stability, some economists see signs that the labor market may be losing momentum.

The previous week’s claims were revised slightly upward to 216,000 from the originally reported 215,000. Economists surveyed by The Wall Street Journal had expected new claims to come in at 220,000. Meanwhile, the number of people continuing to receive unemployment benefits—a key measure of longer-term joblessness—fell by 37,000 to 1.84 million for the week ending April 12.

Unadjusted claims, which reflect actual filings without seasonal factors, dropped 11,214 to 209,782. This continued moderation underscores the absence of widespread layoffs, offering some reassurance that the economy remains resilient.

Still, not everyone is convinced the labor market is in good shape. Ellen Zentner, chief U.S. economist at Morgan Stanley, notes that the real story may not be told through jobless claims alone. “We’re not seeing much churn in the labor market,” she said in a CNBC interview. “Workers aren’t quitting, and companies aren’t hiring or firing aggressively either.” This dynamic points to a labor market that’s frozen in place—a phenomenon that can precede softening in employment and wage growth.

Zentner warns that although jobless claims remain low, they no longer reflect a thriving, dynamic job market. Rather, they may be signaling stagnation. In a growing economy, labor turnover is typically higher, with workers moving between jobs and businesses actively competing for talent. The current stillness suggests that companies may be holding off on workforce expansion amid macroeconomic uncertainty, including ongoing tariff disruptions and high interest rates.

These subtle shifts are important as the Federal Reserve continues to evaluate the path of interest rates. With inflation pressures still lingering and mixed signals from consumer spending and business investment, the labor market’s performance will be a key factor in any future Fed decision to cut rates.

So far, Fed Chair Jerome Powell and his colleagues have adopted a wait-and-see approach, emphasizing the need for greater clarity before making policy changes. But if job growth begins to stall while inflation persists, the central bank could find itself walking a narrow tightrope.

For small-cap investors, the lack of hiring may dampen near-term enthusiasm, especially in sectors tied to consumer demand or reliant on workforce expansion. On the other hand, the stability in jobless claims may continue to offer support for companies that are weathering the rate environment with lean operations. With market sentiment currently driven by macro headlines, labor data like today’s report is becoming increasingly critical to gauge future equity trends.

Release – FreightCar America, Inc. Announces Orders of 1,250 Railcars Valued at $141 Million

Posted on April 24, 2025April 25, 2025 by aweinsoff@channelchek.com

Research News and Market Data on RAIL

04/24/2025

Orders Highlight Continued Strength Across Diverse Product Offerings

CHICAGO, April 24, 2025 (GLOBE NEWSWIRE) — FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts, and components, today announced that it received total orders valued at approximately $141 million, representing a total of 1,250 railcars, during the quarter ended March 31, 2025. These orders underscore ongoing demand for FreightCar America’s railcar offerings and reflect continued market share gains.

FreightCar America continues to gain share within its core railcar markets, driven by strategic initiatives aimed at increasing operational efficiency, product innovation, and commercial excellence. The orders represent approximately 25% of all new railcars ordered in the quarter, and 36% in our addressable market, marking the largest new railcar market share quarter intake in 15 years.

Nick Randall, President and Chief Executive Officer of FreightCar America, commented, “We are pleased to see sustained customer interest across our product portfolio, particularly in gondolas, open-top hoppers and covered hopper cars, which remain an integral part of our diverse portfolio of railcar types. Our manufacturing agility and ability to capture these opportunities highlights our competitive strengths.”

Randall continued, “We have been monitoring recent tariff developments and based on our current understanding, railcars sold by FreightCar America in North America are not subject to tariffs due to their compliance with the United States-Mexico-Canada Agreement. We continue to monitor any tariff developments. With our supply chain strategy, operational excellence initiatives at our manufacturing facility and continued commercial momentum, we remain confident in our forward trajectory.”

Certain orders referenced in this release are subject to customary documentation and completion of terms.

About FreightCar America

FreightCar America, headquartered in Chicago, Illinois, is a leading designer, producer and supplier of railroad freight cars, railcar parts and components. We also specialize in railcar repairs, complete railcar rebody services and railcar conversions that repurpose idled rail assets back into revenue service. Since 1901, our customers have trusted us to build quality railcars that are critical to economic growth and instrumental to the North American supply chain. To learn more about FreightCar America, visit www.freightcaramerica.com.

Forward-Looking Statements

This press release contains statements relating to our expected financial performance, financial condition, and/or future business prospects, events and/or plans that are “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. These potential risks and uncertainties relate to, among other things, the cyclical nature of our business; adverse economic and market conditions, including inflation; material disruption in the movement of rail traffic for deliveries; fluctuating costs of raw materials, including steel and aluminum; delays in the delivery of raw materials; our ability to maintain relationships with our suppliers of railcar components; our reliance upon a small number of customers that represent a large percentage of our sales; the variable purchase patterns of our customers and the timing of completion; delivery and customer acceptance of orders; the highly competitive nature of our industry; the risk of lack of acceptance of our new railcar offerings; potential unexpected changes in laws, rules, and regulatory requirements, including tariffs and trade barriers (including recent United States tariffs imposed or threatened to be imposed on China, Canada, Mexico and other countries and any retaliatory actions taken by such countries); and other competitive factors. The factors listed above are not exhaustive. New factors emerge from time to time that may cause our business not to develop as we expect, and it is not possible for us to predict all of them. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.

Investor Contact

RAILIR@Riveron.com

Source: FreightCar America, Inc.View all news