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Release – The GEO Group Announces Date for Fourth Quarter 2024 Earnings Release and Conference Call

Posted on by dburczyk@noblecapitalmarkets.com

Research News and Market Data on GEO

  • Earnings Release Scheduled for Thursday, February 27, 2025 Before the Market Opens
  • Conference Call Scheduled for Thursday, February 27, 2025 at 11:00 AM (Eastern Time)

BOCA RATON, Fla.–(BUSINESS WIRE)–Jan. 23, 2025– The GEO Group, Inc. (NYSE:GEO) (“GEO”) will release its fourth quarter 2024 financial results on Thursday, February 27, 2025 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Thursday, February 27, 2025.

Hosting the call for GEO will be George Zoley, Executive Chairman of the Board, J. David Donahue, Chief Executive Officer, Wayne Calabrese, President and Chief Operating Officer, and Mark Suchinski, Chief Financial Officer.

To participate in the teleconference, please contact one of the following numbers 5 minutes prior to the scheduled start time:

1-877-250-1553 (U.S.)
1-412-542-4145 (International)

In addition, a live audio webcast of the conference call may be accessed on the Webcasts section of GEO’s investor relations home page at investors.geogroup.com. A webcast replay will remain available on the website for one year.

A telephonic replay will also be available through March 6, 2025. The replay numbers are 1-877-344-7529 (U.S.) and 1-412-317-0088 (International). The passcode for the telephonic replay is 3882673. If you have any questions, please contact GEO at 1-866-301-4436.

Pablo E. Paez 1-866-301-4436
Executive Vice President, Corporate Relations

Source: The GEO Group, Inc.

Novo Nordisk Stock Soars After Groundbreaking Results for New Obesity Drug

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Novo Nordisk’s amycretin led to 22% average weight loss in a 36-week trial.
– Shares rose 7.13%, marking the best single-day gain since March 2024.
– Amycretin targets dual hormones to tackle hunger and appetite, showcasing groundbreaking innovation.

Novo Nordisk shares surged Friday after the pharmaceutical giant announced promising early-stage trial results for amycretin, a groundbreaking weight-loss drug administered through a once-weekly injection. The Danish company revealed that the treatment led to an average weight reduction of 22% in overweight and obese patients over a 36-week trial, marking a significant advancement in the fight against obesity. This compares to a 2% weight gain observed in patients receiving a placebo, showcasing the drug’s potential to reshape the treatment landscape for weight management.

The trial involved 125 participants and highlighted amycretin’s innovative mechanism of action. The drug targets GLP-1, a gut hormone that regulates appetite, and amylin, a hormone produced by the pancreas that influences hunger. This dual-action approach is a step forward from Novo Nordisk’s flagship products, Wegovy, which mimics GLP-1, and Ozempic, its well-known diabetes treatment. Amycretin’s ability to address weight loss through multiple pathways underscores its potential to provide life-changing results for patients struggling with obesity.

Novo Nordisk’s stock rose by 7.13% on Friday, reaching its best single-day performance since March 2024. The initial gains peaked at nearly 14% before settling, reflecting strong investor confidence in the company’s ability to expand its market dominance in obesity therapeutics. Fellow Danish drugmaker Zealand Pharma also benefited from the announcement, with shares climbing 4.7%, while rival Eli Lilly, the maker of obesity drug Zepbound, saw a slight dip in premarket trading.

The pharmaceutical industry has been increasingly focused on developing more effective weight-loss solutions, with obesity affecting millions worldwide and posing significant health risks. Novo Nordisk’s continued innovation in this space has made it a frontrunner, and the results from the amycretin trial further solidify its position. The company is already exploring oral formulations of the drug, which, in a separate early-stage trial announced last September, demonstrated a 13.1% weight reduction over 12 weeks.

Safety and tolerability are key considerations for any obesity treatment, and amycretin appears to meet these benchmarks. The most common side effects observed during the trial were gastrointestinal issues, but most were mild to moderate in severity. These findings align with patient tolerability seen in previous trials for similar drugs, making amycretin a promising addition to Novo Nordisk’s portfolio.

Martin Lange, executive vice president for development at Novo Nordisk, expressed optimism about the trial results. “We are very encouraged by the subcutaneous phase 1b/2a results for amycretin in people living with overweight or obesity,” Lange said in a statement. “The results seen in the trial support the weight-lowering potential of this novel unimolecular GLP-1 and amylin receptor agonist.”

As Novo Nordisk invests further in amycretin, the drug has the potential to transform the obesity treatment market, which is projected to grow substantially in the coming years. The company’s strategic focus on innovative, science-driven solutions positions it to maintain a competitive edge while addressing a critical global health challenge.

Cars Commerce Expands Into the Wholesale Market with DealerClub Acquisition

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Acquires DealerClub for $25 million to revolutionize dealer-to-dealer digital auctions with reputation-based transparency.
– Integrates DealerClub’s innovative platform with AccuTrade, creating a seamless retail and wholesale ecosystem for automotive dealers.
– Strengthens Cars Commerce’s role in the $10B wholesale market, empowering dealers to optimize inventory and boost profitability.

Cars Commerce, the parent company of Cars.com, is making a bold move into the wholesale automotive market with its acquisition of DealerClub, a reputation-driven digital auction platform. This purchase, finalized for $25 million in cash with the potential for up to $88 million in performance-based payouts, reflects Cars Commerce’s strategic vision to streamline how dealers trade vehicles and optimize inventory management.

DealerClub’s innovative platform has made waves in the industry since its launch in 2024. Unlike traditional wholesale systems, DealerClub focuses on reputation-based transactions, which foster trust between dealers and reduce common challenges like arbitration disputes and title issues. This groundbreaking approach has attracted over 650 dealers to the platform and provides Cars Commerce with a strong foothold in the $10 billion wholesale used car market.

Revolutionizing Wholesale with Technology

The acquisition builds on Cars Commerce’s mission to use technology to simplify the car-buying and selling process. DealerClub’s platform, designed to facilitate seamless dealer-to-dealer transactions, aligns perfectly with this goal.

“This is a critical step for us,” said Alex Vetter, CEO of Cars Commerce. “Dealers need efficient, transparent solutions to manage inventory and boost profitability. DealerClub’s technology adds a new dimension to our platform, making it easier for dealers to trade within a trusted network while keeping more profit in their pockets.”

Cars Commerce plans to integrate DealerClub with its existing tools, such as the AccuTrade appraisal platform, creating a full-service solution that combines retail and wholesale capabilities. This unified ecosystem will allow dealers to handle every aspect of vehicle trading—from appraisal to resale—on a single platform.

What It Means for Dealers

The acquisition introduces several new opportunities for automotive dealers:

  • Greater Transparency: DealerClub’s reputation-based model brings a level of trust and clarity to the wholesale market that hasn’t been seen before, mirroring Cars Commerce’s success in consumer and dealer reviews.
  • Efficiency Gains: Dealers can now manage wholesale transactions with minimal risk and streamlined processes, saving time and money.
  • New Revenue Potential: Cars Commerce’s transactional model, combined with its established subscription business, promises long-term financial benefits for both the company and its dealer partners.

The integration also strengthens Cars Commerce’s position as a technology leader in the automotive space. As the industry moves toward digitization, platforms like DealerClub are becoming essential tools for dealers looking to stay competitive.

What’s Next for Cars Commerce?

While the acquisition is expected to have minimal financial impact in 2025, Cars Commerce sees it as a long-term investment. The company is committed to scaling DealerClub, even if it means short-term costs. Given the proven track record of DealerClub’s founder, Joe Neiman—who previously built ACV Auctions into an industry leader—expectations are high for the platform’s growth and success.

This move highlights Cars Commerce’s broader ambition to be a one-stop shop for all aspects of the car trade, from consumer-facing marketplaces to behind-the-scenes wholesale operations. As dealers continue to navigate challenges like inventory shortages and shifting market demands, Cars Commerce is positioning itself as the partner they can rely on for innovative solutions.

With DealerClub in its portfolio, Cars Commerce is no longer just a leader in the retail automotive space; it’s reshaping the future of wholesale as well.

Positive Market Sentiment Brings Opportunity to Small and Micro-Cap Investors

Posted on by slightbourne@noblecapitalmarkets.com

The current market environment is marked by a wave of optimism, creating a fertile ground for small and micro-cap companies to thrive. While the broader market reacts to macroeconomic developments like tariffs and international trade policies, the small and micro-cap space stands apart as a unique opportunity for investors.

Tariffs: Minimal Impact on Small-Cap Companies

One of the key drivers of recent market attention has been the announcement of new tariffs as part of former President Trump’s policies. While these tariffs primarily target international trade and large multinational corporations, their effect on small-cap companies is expected to be minimal. Most small and micro-cap businesses focus on domestic markets, which shields them from the volatility of global trade tensions. This domestic focus positions these companies as a more stable option for investors seeking growth opportunities in uncertain times.

The Benefits of Lower Interest Rates

Another factor fueling positive sentiment in the small-cap space is the current trend of lower interest rates. As borrowing costs decrease, small businesses gain easier access to capital, enabling them to expand operations, invest in new projects, and drive revenue growth. For investors, this creates a virtuous cycle: lower interest rates improve business fundamentals, which in turn boosts the appeal of small-cap stocks. Historically, small-cap companies have outperformed in low-interest-rate environments, and today’s conditions appear no different.

IPO Activity Signals Market Strength

A surge in IPO activity is another indicator of the favorable environment for small and micro-cap companies. New businesses entering the public markets not only reflect broader economic optimism but also generate increased deal flow and investment opportunities within the small-cap space. This uptick in IPOs suggests that entrepreneurs and business leaders are confident in their ability to raise capital and succeed in today’s market, which bodes well for the ecosystem as a whole.

Opportunities in the Current Market Environment

The combination of limited tariff exposure, lower interest rates, and rising IPO activity underscores the abundance of opportunities available in the small and micro-cap marketplace. Investors are increasingly recognizing the potential for strong returns in this sector, particularly as the broader market sentiment remains positive. Unlike larger companies that may struggle with global uncertainties, small-cap firms are well-positioned to capitalize on domestic growth trends.

For investors seeking alpha, this environment offers a chance to identify high-growth companies at attractive valuations. Additionally, the renewed interest in small and micro-cap stocks aligns with the broader market’s appetite for innovation and entrepreneurial ventures. As these companies grow and mature, they provide a dynamic pathway for wealth creation and portfolio diversification.

The current market sentiment is paving the way for small and micro-cap companies to shine. With limited exposure to international trade risks, the tailwind of lower interest rates, and robust IPO activity, the small-cap space is uniquely positioned to benefit from today’s economic conditions. For investors, this environment represents a compelling opportunity to participate in the growth and success of innovative, domestic-focused businesses. As the marketplace evolves, those who seize the moment stand to reap significant rewards

Release – V2X to Announce Fourth Quarter and Full Year 2024 Financial Results

Posted on by dburczyk@noblecapitalmarkets.com

Research News and Market Data on VVX

MCLEAN, Va., Jan. 23, 2025 /PRNewswire/ — V2X, Inc., (NYSE: VVX), a leading provider of global mission solutions, will report fourth quarter and full year 2024 financial results on Monday, February 24, 2025, after market close. Senior management will conduct a conference call at 4:30 p.m. ET that same day.

U.S.-based participants may dial in to the conference call at 877-300-8521, while international participants may dial 412-317-6026. A live webcast of the conference call as well as an accompanying slide presentation will be available at https://app.webinar.net/W6kmnm4z8V9 and on the Investors section of the V2X website at https://gov2x.com/.

A replay of the conference call will be posted on the V2X website shortly after completion of the call and will be available for one year. A telephonic replay will also be available through March 10, 2025, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 10195666.  

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 16,000 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
Director, Corporate Communications
Angelica.Deoudes@goV2X.com
571-338-5195

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/v2x-to-announce-fourth-quarter-and-full-year-2024-financial-results-302358053.html

SOURCE V2X, Inc.

Release – LODE: Comstock Fuels Establishes Headquarters in Oklahoma

Posted on by dburczyk@noblecapitalmarkets.com

Research News and Market Data on LODE

Secures First $1 Million Incentive from Oklahoma’s Quick Action Closing Fund

OKLAHOMA CITY, OKLAHOMA – JANUARY 23, 2025 – Comstock Inc. (NYSE American: LODE) today announced that its subsidiary, Comstock Fuels Corporation (the “Company”), a leader in advanced lignocellulosic biomass refining solutions, has established its corporate headquarters in Oklahoma City, Oklahoma. The completion of this strategic milestone triggers the first of three $1 million awards from the Oklahoma Department of Commerce’s Quick Action Closing Fund, highlighting Oklahoma’s commitment to fostering energy development.

Comstock Fuels’ new headquarters will be located in Northwest Oklahoma City, providing a central hub for its expanding operations. “We’re excited to establish our headquarters and rapidly expand our presence in Oklahoma, a state with a strong pedigree for energy and a wealth of resources for supporting our industry,” said David Winsness, President of Comstock Fuels. “This accelerates our growth and supports domestic energy dominance as we begin to build a network of Bioleum Refineries across the U.S., starting right here in Oklahoma.”

The relocation was incentivized by a $3 million grant award, from the Oklahoma Department of Commerce’s Quick Action Closing Fund, which supports economic development and infrastructure projects throughout the state. This initiative is anticipated to generate new employment opportunities and stimulate economic growth within Oklahoma’s energy sector as Comstock Fuels builds its first planned 75,000 metric ton per year (“MTPY”) commercial demonstration facility in Oklahoma, where it will produce cellulosic ethanol, gasoline, renewable diesel, sustainable aviation fuel (“SAF”), and other renewable fuels with Comstock’s proprietary biomass refining solutions.

“We’re thrilled to welcome Comstock Fuels to Oklahoma and congratulate them on their success,” said Evan Brown, Executive Director of EDGE. “Oklahoma’s rich history of energy innovation and business-friendly environment makes our state the perfect choice for this type of investment.”

Comstock Fuels is currently assessing multiple, qualified locations in Oklahoma for the construction of its initial commercial demonstration facility, that once secured, triggers the second of the three $1 million grant payments.

About Comstock Fuels Corporation

Comstock Fuels delivers advanced lignocellulosic biomass refining solutions that set industry benchmarks for production of cellulosic ethanol, gasoline, renewable diesel, sustainable aviation fuel (“SAF”), and other renewable fuels, with extremely low carbon intensity scores of 15 and market-leading yields of up to 140 gallons per dry metric ton of feedstock (on a gasoline gallon equivalent basis, or “GGE”), depending on feedstock, lignin content, site conditions, and other process parameters. Comstock Fuels plans to directly build, own, and operate a network of Bioleum Refineries in the U.S. to refine 50 million tons of biomass annually into 8 billion gallons of renewable fuel by 2035, starting with its first 75,000 TPY commercial demonstration facility in Oklahoma. Comstock Fuels also licenses its advanced refining solutions to third parties for additional production in the U.S. and global markets, including several recently announced and other pending projects. To learn more, please visit www.comstockfuels.com. 

About Comstock Inc.

Comstock Inc. (NYSE: LODE) innovates and commercializes technologies that are deployable across entire industries to contribute to energy abundance by efficiently extracting and converting under-utilized natural resources, such as waste and other forms of woody biomass into renewable fuels, and end-of-life electronics into recovered electrification metals. Comstock’s innovations group is also developing and using artificial intelligence technologies for advanced materials development. To learn more, please visit www.comstock.inc.

Comstock Social Media Policy

Comstock has used, and intends to continue using, its investor relations link and main website at www.comstock.inc in addition to its Twitter, LinkedIn and YouTube accounts, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

Contacts

For investor inquiries:
RB Milestone Group LLC
Tel (203) 487-2759
ir@comstockinc.com

For media inquiries:
Comstock Inc., Tracy Saville
Tel (775) 847-7573
media@comstockinc.com

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future market conditions; future explorations or acquisitions; future changes in our research, development and exploration activities; future financial, natural, and social gains; future prices and sales of, and demand for, our products and services; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land and asset sales; investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; business opportunities, growth rates, future working capital, needs, revenues, variable costs, throughput rates, operating expenses, debt levels, cash flows, margins, taxes and earnings. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments, and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: adverse effects of climate changes or natural disasters; adverse effects of global or regional pandemic disease spread or other crises; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, and lithium, nickel and cobalt recycling, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration, metal recycling, processing or mining activities; costs, hazards and uncertainties associated with precious and other metal based activities, including environmentally friendly and economically enhancing clean mining and processing technologies, precious metal exploration, resource development, economic feasibility assessment and cash generating mineral production; costs, hazards and uncertainties associated with metal recycling, processing or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; challenges to, or potential inability to, achieve the benefits of business opportunities that may be presented to, or pursued by, us, including those involving battery technology and efficacy, quantum computing and generative artificial intelligence supported advanced materials development, development of cellulosic technology in bio-fuels and related material production; commercialization of cellulosic technology in bio-fuels and generative artificial intelligence development services; ability to successfully identify, finance, complete and integrate acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, lithium, nickel, cobalt, cyanide, water, diesel, gasoline and alternative fuels and electricity); changes in generally accepted accounting principles; adverse effects of war, mass shooting, terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to list our securities on any securities exchange or market or maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund, or any other issuer.

Vince Holding Corp. (VNCE) – Hoffman Returns; Sowing Seeds For Growth

Posted on by cpereira@noblefcm.com


Thursday, January 23, 2025

500 5th Avenue 20th Floor New York, NY 10110 United States Sector(s): Consumer Cyclical Industry: Apparel Manufacturing Full Time Employees: 599 Key Executives Name Title Pay Exercised Year Born Mr. Jonathan CEO & Director 825.62k N/A 1958 Ms. Marie Fogel Senior VP and Chief Merchandising & Manufacturing Officer 633.19k N/A 1961 Mr. John Chief Financial Officer

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.

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

Well timed move. P-180, a venture between Christine Hunsicker and former CEO of Vince, Brendan Hoffman, purchased Sun Capital’s 65% majority stake, or 8.4 million shares, for $19.8 million in cash. The transaction also included significant debt paydown and debt forgiveness, highlighted later in this report. We believe that the transaction puts the company into friendly hands and with a stronger balance sheet.

Management shuffle. Brendan Hoffman will reassume his role as CEO on February 3. David Stefko will step down as interim CEO but will continue to serve on the board of directors. Additionally, Matthew Garff, who represented Sun Capital Partners on the board of directors, resigned.


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

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. 

NN, Inc. (NNBR) – A First Look at 2025

Posted on by cpereira@noblefcm.com


Thursday, January 23, 2025

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

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

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

Corporate Presentation. Yesterday, NN management presented at an investment conference. Among the topics discussed were the enterprise transformation, tariffs, balance sheet transformation, M&A, and the five-year growth plan. Management also introduced 2025 guidance.

Transformation Plan and Tariffs. The transformation plan continues to move forward. Notably, management indicated that all plants will be profitable in 2025, with a new focus on improving below average performing plants. Management does not expect the proposed Trump tariffs to impact business negatively as the vast majority of products are consumed in the country in which they are produced. Management did note recent inquiries from potential customers seeking capacity to produce products in the U.S. that customers had previously purchased overseas.


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

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. 

Maple Gold Mines (MGMLF) – Maple Gold Commences Drilling at the Douay Gold Project

Posted on by cpereira@noblefcm.com


Thursday, January 23, 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.

Phase I Drilling at Douay. Maple Gold Mines commenced a Phase I diamond drilling program at the Douay Gold project that is expected to last three to four months. The company’s drilling program will entail a minimum of 10,000 meters of diamond drilling, with ~70% dedicated to de-risking and expanding the Douay mineral resource and 30% for testing new regional geological and geophysical targets. At the Douay gold project, the goal is to expand and upgrade the current three-million-ounce gold resource to five million ounces. The first phase will target shallow portions of the Douay system at a vertical depth of less than 500 meters, while the second phase will test vertical depths greater than 500 meters.

Drilling at Joutel is planned in 2H 2025. An additional 3,000 meters of diamond drilling is planned at Joutel in the second half of 2025 to extend the known high-grade gold mineralization along the past-producing Eagle-Telbel mine trend.


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

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. 

Great Lakes Dredge & Dock (GLDD) – Options for the Acadia, if Needed

Posted on by cpereira@noblefcm.com


Thursday, January 23, 2025

Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States. In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry. The Company has a long history of performing significant international projects. The Company employs experienced civil, ocean and mechanical engineering staff in its estimating, production and project management functions. In its over 131-year history, the Company has never failed to complete a marine project. Great Lakes owns and operates the largest and most diverse fleet in the U.S. dredging industry, comprised of approximately 200 specialized vessels. Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations. The Company’s Incident-and Injury-Free® (IIF®) safety management program is integrated into all aspects of the Company’s culture. The Company’s commitment to the IIF® culture promotes a work environment where employee safety is paramount.

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

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

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

Executive Order. Monday, President Trump signed an Executive Order for the temporary withdrawal of all areas on the Outer Continental Shelf (OCS) from offshore wind leasing as well as a review of the federal government’s leasing and permitting practices for wind projects. This withdrawal temporarily prevents consideration of any area in the OCS for any new or renewed wind energy leasing for the purposes of generation of electricity or any other such use derived from the use of wind.

Impact on GLDD. Notably, nothing in the withdrawal affects rights under existing leases in the withdrawn areas. However, the President has directed the Secretary of the Interior to comprehensively review the ecological, economic, and environmental necessity of terminating or amending any existing wind energy leases. Great Lakes’ two existing projects, Empire Wind and Sunrise Wind, have already undergone extensive governmental review and, presumably, should go forward.


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

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. 

U.S. Labor Market Stays Resilient Despite Slight Rise in Jobless Claims

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Weekly jobless claims increased by 6,000 to 223,000, signaling continued labor market stability.
– Unadjusted claims dropped significantly, reflecting regional declines in layoffs.
– The Federal Reserve is unlikely to cut interest rates next week due to a strong labor market.

The U.S. labor market continues to display resilience as the year begins, with a slight increase in weekly jobless claims reflecting a stable environment for workers. According to the latest Labor Department report, initial claims for state unemployment benefits rose by 6,000 to a seasonally adjusted 223,000 for the week ending January 18, just above market expectations of 220,000. This small rise indicates that while the pace of hiring may have moderated, there are no signs of widespread layoffs.

Unadjusted claims saw a significant drop of 68,135, with the largest declines observed in states such as Texas, Ohio, Georgia, and New York. Meanwhile, California recorded a modest increase in filings, partly attributed to disruptions caused by recent wildfires. Weather-related factors, such as blizzards and freezing temperatures in parts of the country, could result in temporary fluctuations in claims over the coming weeks. Nonetheless, economists remain optimistic that the broader labor market will stay on course.

“The labor market is historically tight, but some sectors are slowing the pace of hirings,” said Jeffrey Roach, Chief Economist at LPL Financial. He added, “As long as wage growth outpaces the rate of inflation, the economy will chug along, and the Fed will not cut rates as much as expected a few months ago.”

The Federal Reserve, which has been cautious about its monetary policy, is expected to maintain interest rates at their current level during its upcoming meeting. Over the past year, the Fed reduced rates by 100 basis points, bringing them to a range of 4.25%-4.50%. While policymakers initially anticipated further cuts in 2025, strong labor market data, coupled with easing inflationary pressures, have prompted a more measured approach.

In December, nonfarm payrolls increased by 256,000, capping a year in which the economy added 2.2 million jobs. This marked an average monthly gain of 186,000 jobs, a slowdown compared to the 3.0 million jobs created in 2023. Although hiring has moderated, the overall labor market remains tight, with low unemployment levels and steady wage growth supporting economic activity.

However, challenges persist for workers who lose their jobs. The number of continuing claims, which represent individuals still receiving unemployment benefits after their initial claims, rose by 46,000 to 1.899 million in mid-January. This marks the highest level since November 2021 and highlights the difficulties some workers face in securing new employment opportunities, despite a low overall pace of layoffs.

Economists note that the labor market is likely to remain stable, even as external factors such as extreme weather and geopolitical developments pose risks. Looking ahead, data on continuing claims and hiring trends will be closely monitored to assess the labor market’s performance as 2025 progresses.

With a historically tight labor market and wage growth keeping pace with inflation, the U.S. economy appears poised to maintain its current momentum. While hiring may slow further in certain sectors, the broader labor market is expected to remain a pillar of economic stability in the months ahead.

Beta Bionics Unveils $112.5 Million IPO Terms, Pioneers Autonomous Insulin Delivery Technology

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Beta Bionics’ iLet Bionic Pancreas is the first FDA-approved device to autonomously determine insulin doses using adaptive algorithms.
– The company plans to raise $112.5 million by offering 7.5 million shares at a price range of $14-$16, achieving a potential market cap of $577.35 million.
– Beta Bionics is part of a surge in biotech IPOs, reflecting investor confidence in transformative medical technologies.

Beta Bionics, the California-based innovator behind the iLet Bionic Pancreas, disclosed plans for a $112.5 million IPO, marking a pivotal moment in healthcare technology. The IPO terms, filed on January 22, 2025, outline the offering of 7.5 million shares priced between $14.00 and $16.00. At the midpoint of $15.00 per share, the company would achieve a market cap of approximately $577.35 million. Trading is set to commence on January 30, 2025, under the proposed ticker symbol “BBNX” on the NASDAQ.

The iLet Bionic Pancreas represents a groundbreaking advancement in diabetes management, being the first FDA-approved insulin delivery device to use adaptive closed-loop algorithms. This innovation enables the device to autonomously determine every insulin dose without requiring users to count carbohydrates, offering a significant improvement in the quality of life for individuals with Type 1 diabetes (T1D).

T1D affects approximately 1.8 million people in the U.S., all of whom rely on daily insulin replacement. The iLet system, cleared by the FDA for patients aged six and older in May 2023, targets this market with a vision to transform diabetes care. Despite its groundbreaking potential, Beta Bionics is currently unprofitable, reporting a net loss of $55.4 million on $53.1 million in revenue for the 12 months ending September 30, 2024.

The IPO, led by BofA Securities, Piper Sandler, Leerink, and Stifel, will provide the funding necessary for Beta Bionics to expand commercialization efforts and further develop its innovative technology. This initiative positions the company at the forefront of the intersection between healthcare and technology, emphasizing the growing demand for automated and personalized solutions in chronic disease management.

Beta Bionics’ IPO is part of a broader trend highlighting the growing prominence of biotech companies in public markets. With the rapid advancements in medical technology and increasing regulatory approvals, the biotech sector has emerged as a key driver of innovation. Biotech IPOs have gained momentum, reflecting strong investor interest in companies addressing critical healthcare needs with cutting-edge solutions.

In particular, biotech firms are increasingly leveraging public funding to accelerate the development and distribution of transformative therapies and devices. The promise of addressing unmet medical needs, coupled with advancements in artificial intelligence and biotechnology, has fueled optimism in the sector. Companies like Beta Bionics exemplify how public markets can empower medical innovation to scale, potentially improving millions of lives.

Investors are drawn to biotech IPOs not only for their market potential but also for their societal impact, as these companies strive to tackle some of the world’s most pressing healthcare challenges. Beta Bionics’ iLet device is a prime example of this trend, offering a glimpse into the future of automated, patient-centric care.

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.

Release – P180 Acquires Sun Capital’s Majority Stake in Vince Holding Corp.

Posted on by aweinsoff@channelchek.com

Research News and Market Data on VNCE

01/22/2025

Vince Holding Corp. Significantly Reduces Debt

Brendan Hoffman Expected to Become CEO of Vince Holding Corp.

NEW YORK–(BUSINESS WIRE)– Vince Holding Corp., (NYSE: VNCE) (“VNCE” or the “Company”), a global contemporary retailer, today announced that P180, a new venture focused on accelerating growth and profitability in the luxury apparel sector, acquired a majority stake in VNCE (the “P180 Acquisition”) from affiliates of Sun Capital Partners, Inc. (collectively, “Sun Capital”).

In conjunction with the P180 Acquisition, Brendan Hoffman is expected to assume the role of Chief Executive Officer of VNCE effective on or around February 3, 2025, subject to finalization of his employment terms. With this transition, David Stefko is expected to step down as Interim CEO of VNCE and continue to serve on the VNCE Board of Directors. In addition, Matthew Garff resigned from the VNCE Board of Directors in connection with the P180 Acquisition.

“VNCE is the perfect partner for P180; the brand’s dominance in the luxury contemporary market aligns seamlessly with our acquisition strategy. In addition, as VNCE has evolved its operating model, we believe having access to the technology and team of CaaStle, founded by Christine Hunsicker, my co-founder at P180, will further advance the company’s momentum in driving improved profitability while enhancing its omni-channel experience.” Mr. Hoffman added, “Personally, I have a strong connection to the Vince brand, having served as VNCE CEO for five years. I am excited to lead the team again as we continue to unlock new growth opportunities, drive innovation, enhance the brand’s market position, and focus on monetizing the Company’s inventory to ensure continued long-term success.”

“P180’s acquisition represents a transformative opportunity for VNCE. With this transaction, we will gain the operational expertise and cutting-edge digital capabilities needed to drive the brand’s future success,” commented Michael Mardy, Chairman of VNCE. “On behalf of the Board and the organization, I would also like to thank Dave for stepping into the interim CEO role for the past year. Through his leadership, the company has continued to execute and deliver results by operating a healthier full price model. We are glad to have Dave remain on the Board and are excited to welcome Brendan back to lead the organization into its next chapter.”

This acquisition marks the third strategic deal for P180 since its inception in 2024 and follows its recent investment with the prestigious fashion label Altuzarra and digital partnership with the multi-brand premium retailer elysewalker.

VNCE Significantly Reduces Debt

Simultaneously with the P180 Acquisition, an indirectly wholly owned subsidiary of VNCE, V Opco, LLC (“V Opco”), amended its existing credit agreement (the “ABL Credit Facility”) with Bank of America, N.A. (“BofA”). The amendment consents to, among other things, the change in control in connection with the P180 Acquisition, as well as a partial pay down of the subordinated debt (“Sun Debt Facility”) with SK Financial Services, LLC, an affiliate of Sun Capital, through increased borrowings under the ABL Credit Facility. On the same day, V Opco paid $15 million to SK Financial Services, LLC using proceeds from the ABL Credit Facility, which resulted in a pay-down of $20 million under the Sun Debt Facility (the “Sun Debt Paydown”).

In addition, P-180 acquired and assumed $7 million of the loans (the “P-180 Assumed Loan”) outstanding pursuant to the Sun Debt Facility and immediately thereafter cancelled such $7 million (the “P-180 Debt Forgiveness”).

Following the Sun Debt Paydown and P-180 Debt Forgiveness, the outstanding principal amount of subordinated loans is reduced by approximately $27 million with $7.5 million remaining outstanding under the Sun Debt Facility, which will continue to accrue payment-in-kind interest in accordance with, and otherwise be subject to, the terms and conditions therein.

Immediately following the P-180 Acquisition, P180 beneficially owned approximately 65% of all outstanding shares of common stock of VNCE and affiliates of Sun Capital continue to beneficially own approximately 2% of the Company’s outstanding common stock.

As part of the terms to the transactions described above, P-180 agreed to reimburse the Company for certain fees and expenses incurred in connection with such transactions, including the Company’s legal fees as well as the consent fee to BofA.

About P180:

P180, a new venture co-founded by Christine Hunsicker (founder and CEO of CaaStle, Inc.) and Brendan Hoffman, is dedicated to driving brand and retailer profitability by providing operational expertise and access to leading industry resources, including CaaStle’s innovative monetization platform. P180’s core mission is to invest in or acquire brands and retailers that stand to benefit from digital expertise and inventory monetization.

About VNCE:

Vince Holding Corp. is a global retail company that operates the Vince brand women’s and men’s ready to wear business. Vince, established in 2002, is a leading global luxury apparel and accessories brand best known for creating elevated yet understated pieces for every day effortless style. Vince Holding Corp. operates 47 full-price retail stores, 14 outlet stores, and its e-commerce site, vince.com and through its subscription service Vince Unfold, www.vinceunfold.com, operated by CaaStle, as well as through premium wholesale channels globally. Please visit www.vince.com for more information.

Forward-Looking Statements: This document contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, our planned transformation program and our current expectations about possible or assumed future results of operations of the Company and are indicated by words or phrases such as “may,” “will,” “should,” “believe,” “expect,” “seek,” “anticipate,” “intend,” “estimate,” “plan,” “target,” “project,” “forecast,” “envision” and other similar phrases. Although we believe the assumptions and expectations reflected in these forward-looking statements are reasonable, these assumptions and expectations may not prove to be correct and we may not achieve the results or benefits anticipated. These forward-looking statements are not guarantees of actual results, and our actual results may differ materially from those suggested in the forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, some of which are beyond our control, including, without limitation: our ability to successfully manage the transition of VNCE majority ownership to P180 and to execute P180’s strategies for the Company; our ability to execute and realize the enhanced profitability expectations of our planned transformation program; our ability to maintain the license agreement with ABG Vince, a subsidiary of Authentic Brands Group; ABG Vince’s expansion of the Vince brand into other categories and territories; ABG Vince’s approval rights and other actions; our ability to maintain adequate cash flow from operations or availability under our revolving credit facility to meet our liquidity needs; our ability to realize the benefits of our strategic initiatives; general economic conditions; further impairment of our goodwill; the execution and management of our direct-to-consumer business growth plans; our ability to make lease payments when due; our ability to maintain our larger wholesale partners; our ability to remediate the identified material weakness in our internal control over financial reporting; our ability to comply with domestic and international laws, regulations and orders; our ability to anticipate and/or react to changes in customer demand and attract new customers, including in connection with making inventory commitments; our ability to remain competitive in the areas of merchandise quality, price, breadth of selection and customer service; our ability to attract and retain key personnel; seasonal and quarterly variations in our revenue and income; our ability to mitigate system security risk issues, such as cyber or malware attacks, as well as other major system failures; our ability to optimize our systems, processes and functions; our ability to comply with privacy-related obligations; our ability to ensure the proper operation of the distribution facilities by third-party logistics providers; fluctuations in the price, availability and quality of raw materials; commodity, raw material and other cost increases; the extent of our foreign sourcing; our reliance on independent manufacturers; other tax matters; and other factors as set forth from time to time in our Securities and Exchange Commission filings, including those described under “Item 1A—Risk Factors” in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We intend these forward-looking statements to speak only as of the time of this release and do not undertake to update or revise them as more information becomes available, except as required by law.

This press release is also available on the Vince Holding Corp. website (http://investors.vince.com/).

VNCE Investor Relations Contact:
Caitlin Churchill
ICR, Inc.
Caitlin.Churchill@icrinc.com

P180 Media Contacts:
Jacqueline Renaud
Vice President
Lividini & Co.
Jacqueline@lividini.com

Morgan Tanacea
Senior Director
Lividini & Co.
Morgan@lividini.com

Source: Vince Holding Corp.