Category: Technology

The Quantum Computing Revolution: Market Implications and Future Impact

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Quantum computing is advancing rapidly, with Nvidia launching a dedicated research center to collaborate with leading institutions and quantum firms.
– Quantum processors will complement, not replace, classical computing, accelerating advancements in AI, cryptography, pharmaceuticals, and financial services.
– Investment in quantum technology is growing, positioning it as a long-term market opportunity with transformative industry-wide effects.

Quantum computing, once considered a futuristic concept, is rapidly evolving into a tangible force in the tech industry. Nvidia’s recent announcement of its quantum computing research lab, the Nvidia Accelerated Quantum Research Center (NVAQC), marks a major milestone in the sector. Partnering with Harvard, MIT, and key quantum firms like Quantinuum and QuEra Computing, Nvidia aims to advance quantum computing capabilities and bridge the gap between classical and quantum systems. The implications of these advancements could be transformative across multiple industries, particularly in artificial intelligence, cybersecurity, pharmaceuticals, and finance.

The State of Quantum Computing Today

While Nvidia CEO Jensen Huang previously downplayed the near-term viability of quantum computing, he has since adjusted his stance, acknowledging the growing role of quantum technologies. The industry has already begun finding real-world applications, with firms like IonQ and Infleqtion developing quantum-enhanced solutions for optimization, materials science, and complex simulations. Despite the challenges of scaling quantum hardware, these companies are proving that quantum technologies can generate commercial value even before reaching full-scale quantum supremacy.

One major takeaway from Nvidia’s recent event was the consensus that quantum computers will not replace classical systems but rather complement them. Quantum processors will serve as accelerators for specialized tasks, working alongside traditional computing infrastructure to unlock new levels of efficiency and performance.

Investment and Market Potential

The quantum computing industry is attracting significant investment, with major tech giants such as Google, Microsoft, and IBM pouring billions into research and development. Nvidia’s strategic involvement signals that quantum computing is becoming too important for leading semiconductor and AI companies to ignore. While practical, large-scale quantum computers remain years away, investors are increasingly viewing the sector as a long-term growth opportunity.

Publicly traded quantum firms, such as IonQ and D-Wave, are beginning to establish themselves in the market despite initial skepticism. Nvidia’s acknowledgment of their potential has helped restore confidence after previous comments led to stock declines. As breakthroughs continue, institutional investors and venture capital firms will likely increase their exposure to the sector, driving further innovation.

Implications for Key Industries

The impact of quantum computing will be profound across various industries, reshaping technological capabilities and business strategies. In artificial intelligence and machine learning, quantum computing can significantly enhance model training and optimization, leading to advancements in natural language processing, robotics, and deep learning applications. By processing vast amounts of data more efficiently, quantum technology could unlock new possibilities in AI-driven automation and predictive analytics.

In cybersecurity and cryptography, quantum computing presents both opportunities and risks. Quantum cryptography promises to revolutionize data security with encryption methods that are virtually unbreakable by classical computers. However, it also poses a challenge to current encryption standards, requiring organizations to develop quantum-resistant security measures to protect sensitive information in the digital age.

The pharmaceutical and healthcare sectors stand to benefit immensely from quantum computing’s ability to model molecular interactions with unprecedented precision. This capability could lead to faster drug discoveries, improved treatment options, and personalized medicine breakthroughs. Quantum simulations could help researchers identify new compounds and predict their effects, accelerating the development of life-saving drugs.

Financial services and investment firms will also experience a paradigm shift with quantum computing. The ability to optimize complex financial models, perform rapid risk assessments, and enhance portfolio management strategies will give hedge funds and banks a competitive edge. Quantum algorithms could help institutions navigate market volatility and identify profitable investment opportunities with greater accuracy than traditional computing methods.

Looking Ahead

Despite ongoing challenges in hardware development, the quantum computing industry is making steady progress toward commercialization. Nvidia’s growing commitment to quantum research suggests that leading tech firms recognize the importance of positioning themselves early in this emerging field. As quantum technologies continue to mature, their impact on market sectors will become increasingly profound, reshaping how businesses and economies operate.

The coming years will determine whether quantum computing achieves its full disruptive potential, but one thing is certain: the industry is no longer a speculative science fiction concept—it’s an innovation frontier with real-world implications. Investors, enterprises, and policymakers should pay close attention to its development, as quantum computing is poised to be one of the most transformative technologies of the 21st century.

CoreWeave Launches $2.7 Billion IPO Amid AI Cloud Boom

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Nvidia-backed AI cloud firm aims for a $32B valuation with shares priced at $47-$55.
– Once a crypto-mining firm, CoreWeave now dominates AI cloud services, with Microsoft driving most of its revenue.
– Despite backing from Cisco and JPMorgan, CoreWeave faces high losses and financial control concerns.

CoreWeave Inc., a cloud-computing firm specializing in AI infrastructure, has announced plans for an initial public offering (IPO) aimed at raising as much as $2.7 billion. The Nvidia-backed company, along with some of its investors, is marketing shares at a price range of $47 to $55, which would give CoreWeave a market value of approximately $26 billion based on outstanding shares. If fully diluted, the valuation could reach as high as $32 billion.

Founded in 2017 as a crypto-mining firm, CoreWeave has rapidly transitioned into a leading provider of cloud-based AI solutions. The company has established itself as a crucial player in AI computing by leveraging Nvidia’s high-performance GPUs to power data centers. This strategic positioning has allowed it to secure major customers, including Microsoft, which accounted for nearly two-thirds of its 2024 revenue.

CoreWeave reported revenue of $1.9 billion in 2024, a massive jump from $229 million in the prior year. However, the company is still operating at a loss, with a net deficit of $863 million last year compared to $594 million in 2023. The high concentration of revenue from a small number of clients—77% of 2024 revenue coming from just two customers—remains a potential risk factor for investors.

Ahead of its public listing, CoreWeave has sealed significant partnerships, including a deal to provide AI infrastructure to OpenAI worth up to $11.9 billion. Additionally, the company is set to acquire AI developer platform Weights & Biases for approximately 1 million Class A shares, a move expected to enhance its cloud capabilities.

Despite its rapid expansion, CoreWeave faces challenges related to internal financial controls. In its IPO filings, the company disclosed “material weaknesses” in IT controls and a shortage of qualified personnel in financial reporting. Addressing these issues will be crucial as it transitions into a publicly traded company.

The IPO comes amid heightened investor interest in AI-driven cloud infrastructure. CoreWeave has attracted backing from prominent firms including Magnetar Capital, Coatue Management, Jane Street, Fidelity, and Lykos Global Management. Notably, Cisco Systems recently invested in CoreWeave as part of a transaction valuing the company at $23 billion.

Following the IPO, CEO Michael Intrator is expected to hold 37% of shareholder voting power through his control of Class B shares. Nvidia, a key investor, will retain 1.2% of voting power, while Magnetar will hold 7%.

The offering is being led by Morgan Stanley, JPMorgan, and Goldman Sachs, with CoreWeave shares set to trade under the ticker symbol CRWV on the Nasdaq. The outcome of this IPO will serve as a critical indicator of investor appetite for AI-focused cloud firms and could set the stage for further public offerings in the sector.

Release – SKYX Announces Corporate Update Call

Posted on by aweinsoff@channelchek.com

Research News and Market Data on SKYX

Company to Provide Corporate Updates Including New Developments, Fourth Quarter 2024 and 2024 Full Year Overview and Financial Results; Conference Call to be Held on Monday, March 24, 2025, at 4:30 PM Eastern Time

March 20, 2025 09:34 ET

MIAMI, March 20, 2025 (GLOBE NEWSWIRE) — SKYX (NASDAQ: SKYX) (d/b/a “SKYX Technologies”), a highly disruptive advanced and smart home platform technology company for homes and buildings, with more than 97 issued and pending patents globally and a portfolio of over 60 lighting and home décor websites, announces today that it will host a Corporate Update call and present fourth quarter 2024 and 2024 full year overview and financial results. The conference call will be held on Monday, March 24, 2025, at 4:30 p.m. Eastern Time.

SKYX Participating Members will Include:

  • Rani Kohen, Founder and Executive Chairman
  • Steve Schmidt, SKYX President, (Former President of Nielsen Data Corporation and former CEO of Office Depot International)
  • Lenny Sokolow, Co-CEO
  • Marc Boisseau, CFO

SKYX Platforms – Q4 2024 and 2024 Full Year Corporate Update Call

Date: Monday, March 24, 2025
Time: 4:30 p.m. Eastern Time
U.S./Canada Dial-in: 1-412-317-5180
International Dial-in: 1-844-825-9789 

Call me™ link for instant telephone access to the event: https://callme.viavid.com/?$Y2FsbG1lPXRydWUmcGFzc2NvZGU9JmluZm89Y29tcGFueSZyPXRydWUmYj0xNg==

Call me™ Passcode: 6590713 

Webcast link: https://viavid.webcasts.com/starthere.jsp?ei=1713008&tp_key=5deb952af5

Please dial in at least 10 minutes before the start of the call to ensure timely participation.

A playback of the call will be available until April 24, 2025. To listen, call within the United States and Canada or when calling internationally. Please use the replay pin number 10197998. A webcast is also available at the following link:
https://viavid.webcasts.com/starthere.jsp?ei=1713008&tp_key=5deb952af5

About SKYX Platforms Corp.

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced-safe-smart platform technologies, with over 97 U.S. and global patents and patent pending applications. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com/ or follow us on LinkedIn.

Forward-Looking Statements

Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its products and technologies and integrate its products and technologies with third-party platforms or technologies; the Company’s efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company’s ability to capture market share; the Company’s estimates of its potential addressable market and demand for its products and technologies; the Company’s ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company’s ability to continue as a going concern; the Company’s ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company’s products will become National Electrical Code (NEC)-code or otherwise code mandatory in any jurisdiction, or that any of the Company’s current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company’s ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company’s actual operating results; the potential impact of unstable market and economic conditions on the Company’s business, financial condition, and stock price; and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.

Investor Relations Contact:

Jeff Ramson
PCG Advisory
jramson@pcgadvisory.com

Release – Ireland Selects Conduent to Enhance Infectious Disease Management with Maven® System

Posted on by aweinsoff@channelchek.com

Research News and Market Data on CNDT

March 20, 2025

Conduent’s Maven ® Disease Surveillance & Outbreak Management System empowers Ireland’s Health Service Executive to effectively track and manage public health threats

Republic of Ireland becomes the first European Union country to use Maven, following its successful implementations in the United States, United Kingdom and Australia

FLORHAM PARK, N.J. — Conduent Incorporated (Nasdaq: CNDT), a global technology-driven business solutions and services company, today announced that the Republic of Ireland’s Health Service Executive (HSE) selected the company’s Maven ® Disease Surveillance & Outbreak Management System to monitor, manage and report infectious diseases. Maven will replace HSE’s legacy surveillance system to more effectively track disease outbreaks and take prompt actions to protect public health.

Under the five-year contract, Conduent will implement its Maven cloud-hosted software platform as well as provide maintenance and support. The system’s flexibility will enable HSE staff to configure it for seamless data sharing, integration and coordination among medical professionals and epidemiologists. Upon receiving a case or laboratory report, Maven automatically generates a disease event, significantly reducing manual data entry and duplication of efforts.

“Like many public health organizations globally, HSE faces increasing complexity as infectious diseases continue to escalate and impact our ability to protect public health,” said Dr. John Cuddihy, National Director of Public Health at HSE. “By implementing the Maven system and collaborating with Conduent, we’ll gain a modern, national platform that not only enables early detection of health events but also transforms raw data into actionable intelligence. This platform will empower faster, more coordinated responses to better serve the people of Ireland.”

This contract marks Maven’s expansion into the European Union, where it joins its existing public health deployments in the United States, the United Kingdom and Australia. This system will enhance HSE’s ability to rapidly detect and respond to public health events across Ireland, providing critical insights into both emerging and established infectious disease threats.

With over two decades of proven outcomes, Maven is currently utilized by 28 other government agencies around the world to manage emerging threats to their residents. Conduent also offers online and in-person training of the system, and through its long-standing Maven Users Group, manages a global community of public health officials who collaborate and exchange best practices.

“We’re honored to have the Republic of Ireland join the growing Maven user community,” said Anna Sever, President, Government Solutions at Conduent. “By implementing Maven, we’re equipping HSE with the tools necessary to protect citizens against infectious diseases while delivering long-term value.”

Organizations use Maven to detect, monitor, track and report on deadly outbreaks like COVID-19, C. auris and Mpox and more than 100 other communicable and non-communicable diseases including Ebola, Zika, measles, tuberculosis, HIV/STDs and influenza. Find out how Maven can safeguard public health at Conduent Government Solutions.

About Conduent
Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 55,000 associates, process expertise and advanced technologies, Conduent’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ missions in many ways including disbursing approximately $100 billion in government payments annually, enabling 2.3 billion customer service interactions annually, empowering millions of employees through HR services every year and processing nearly 13 million tolling transactions every day. Learn more at www.conduent.com.

Note: To receive RSS news feeds, visit www.news.conduent.com. For open commentary, industry perspectives, and views, visit http://twitter.com/Conduent, http://www.linkedin.com/company/conduent or http://www.facebook.com/Conduent.

Trademarks
Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.

Media Contacts

Neil Franz

Conduent

neil.franz@conduent.com

+1-240-687-0127

Giles Goodburn

Conduent

ir@conduent.com

+1-203-216-3546

Conduent Business Services (CNDT) – Building Operational Momentum for a Strong 2026

Posted on by cpereira@noblefcm.com


Wednesday, March 19, 2025

Patrick McCann, CFA, Research Analyst, Noble Capital Markets, Inc.

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

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

2025 preview. We anticipate that the company’s revenue momentum will build throughout the year as new business signings take effect. Moreover, with the prospect of additional efficiencies from initiatives such as corporate-level cost reductions, and a reduction in real estate footprint, we expect adj. EBITDA margins to expand as the year progresses.

Quarterly outlook. In Q1, we expect $767 million in revenue and $14 million in adj. EBITDA, a modest 1.8% margin. However, based on growing revenue and increasing efficiency, we expect adj. EBITDA margins to improve in each subsequent quarter, culminating in margins of nearly 8% in Q4. Given our Q4 revenue estimate of $830 million, we believe the company will exit 2025 with revenue and adj. EBITDA run rates in line with its stated target ($3.2B-$3.3B in annual revenue and 8% adj. EBITDA margins).


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*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. 

Nvidia and GM Announce Strategic AI Partnership for Next-Gen Vehicles and Factories

Posted on by slightbourne@noblecapitalmarkets.com
– GM and Nvidia are partnering to integrate AI-powered solutions into vehicle design, advanced driver-assistance systems (ADAS), and factory automation.
– GM will leverage Nvidia’s Omniverse platform for digital factory planning, optimizing manufacturing processes, and improving robotics.
– Nvidia continues its push into the automotive industry, competing with rivals in AI-driven vehicle technology.

General Motors and Nvidia have announced a major collaboration aimed at revolutionizing the automotive industry with AI-driven technology. This strategic partnership will see GM leveraging Nvidia’s advanced artificial intelligence solutions across multiple facets of its business, from vehicle development to factory optimization.

“The era of physical AI is here, and together with GM, we’re transforming transportation, from vehicles to the factories where they’re made,” said Jensen Huang, Nvidia founder and CEO. “We are thrilled to partner with GM to build AI systems tailored to their vision, craft, and know-how.”

A central component of this partnership is GM’s adoption of Nvidia’s Omniverse platform, which enables the creation of “digital twins”—virtual replicas of real-world environments. GM has already been experimenting with Omniverse since 2022 to digitally simulate its design centers and optimize vehicle development. This new collaboration extends those efforts, incorporating Nvidia’s AI-powered solutions into GM’s assembly plants and production facilities.

Beyond manufacturing, GM will integrate Nvidia’s Drive AGX platform into its next-generation vehicles. This hardware will support future advanced driver-assistance systems (ADAS) and enhance in-cabin safety features. The partnership positions GM to further compete in the race toward fully autonomous and AI-enhanced vehicles, an area where competitors like Tesla and Mercedes-Benz have been making significant strides.

While GM has relied on Nvidia’s graphics processing units (GPUs) for AI model training, this expanded agreement takes their collaboration to a new level. The financial terms of the deal were not disclosed, but Nvidia has been known to license Omniverse for $4,500 per GPU, per year. Given the scale of GM’s operations, the automaker is expected to require a substantial number of GPUs to power its AI-driven initiatives.

The announcement coincides with Nvidia’s GTC AI conference, where the company has been showcasing its advancements in AI and simulation technology. The move comes as both Nvidia and GM navigate competitive and regulatory challenges, including increased competition from China and evolving U.S. trade policies. GM’s stock has dropped roughly 8% in 2025, while Nvidia has seen a 12% decline, underscoring the pressure both companies face to innovate and expand their market presence.

GM CEO Mary Barra highlighted the broader implications of the partnership, stating, “AI not only optimizes manufacturing processes and accelerates virtual testing but also helps us build smarter vehicles while empowering our workforce to focus on craftsmanship. By merging technology with human ingenuity, we unlock new levels of innovation in vehicle manufacturing and beyond.”

With over 20 other automakers—including Mercedes-Benz, Volvo, and Volkswagen—already using Nvidia’s automotive AI solutions, this partnership further cements Nvidia’s role in the future of intelligent vehicles. As demand for AI-powered automotive solutions continues to grow, this collaboration between GM and Nvidia represents a significant step forward in reshaping how vehicles are designed, built, and driven.

Google to Acquire Cloud Security Firm Wiz for $32 Billion in Landmark Deal

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Google’s $32 billion acquisition of Wiz marks its largest purchase ever, highlighting its commitment to cloud security
– Founded in 2020, Wiz achieved $100 million in annual recurring revenue in just 18 months before accepting Google’s offer
– Despite initial resistance to acquisition, Wiz will maintain multi-cloud functionality across AWS, Azure, and Oracle Cloud

Google has announced a definitive agreement to acquire Wiz, a fast-growing cloud security startup, for $32 billion in an all-cash deal. The acquisition, set to close in 2026, marks Google’s most significant purchase ever, surpassing its $12.5 billion Motorola deal in 2012. Wiz will become part of Google Cloud, strengthening the tech giant’s security capabilities amid rising cybersecurity threats and AI-driven advancements.

According to Google, the integration will leverage their cloud infrastructure leadership and AI expertise to enhance and scale Wiz’s solutions across major cloud platforms. This strategic combination aims to benefit customers and partners throughout the cloud ecosystem.

Founded in 2020, Wiz has grown rapidly under the leadership of co-founder Assaf Rappaport. The company reached $100 million in annual recurring revenue within just 18 months and has since positioned itself as a major player in cloud security. Wiz’s product portfolio includes prevention, detection, and response solutions that appeal to enterprises seeking robust cybersecurity defenses in increasingly complex environments.

Initially, Wiz had resisted acquisition offers. In July 2024, CNBC reported that Wiz walked away from a $23 billion acquisition offer from Google, choosing instead to pursue an initial public offering (IPO). Rappaport cited concerns over antitrust scrutiny and investor sentiment as factors in the decision. However, the latest agreement indicates a shift in strategy, with Wiz seeing Google’s backing as an opportunity to accelerate innovation rather than going public.

Rappaport has expressed that joining Google Cloud will dramatically accelerate their innovation capabilities beyond what would be possible as an independent company. This represents a significant change in perspective from their earlier position.

Google’s move to acquire Wiz is part of its broader effort to bolster its cybersecurity offerings. In 2022, the company acquired cybersecurity firm Mandiant for $5.4 billion, enhancing its threat detection and incident response capabilities. With Wiz’s cloud security expertise now joining the fold, Google positions itself to compete more effectively with industry rivals like Microsoft, which has also invested heavily in security software as cloud adoption continues to accelerate.

Despite the acquisition, Wiz’s products will continue to operate across competing platforms, including Amazon Web Services, Microsoft Azure, and Oracle Cloud. This cross-platform approach ensures that existing customers can maintain their security infrastructure without disruption, a critical factor for enterprises with multi-cloud strategies.

The deal is expected to face regulatory scrutiny, particularly as Alphabet, Google’s parent company, is already battling an antitrust lawsuit over its dominance in online search. However, Wall Street analysts believe that President Donald Trump’s administration may take a more favorable stance on tech industry mergers, potentially easing regulatory hurdles for this landmark acquisition.

With cybersecurity threats becoming more sophisticated and cloud adoption continuing to grow, Google’s acquisition of Wiz signals a strategic move to fortify its security offerings and drive long-term growth in the cloud computing space, where security has become a decisive factor for enterprise customers choosing between cloud providers.

Release – SKYX Pre-Announces Record 4th Quarter 2024 Revenues of $23.7 Million Compared to 3rd Quarter Revenues of $22.2 Million, as it Continues to Grow its Market Penetration

Posted on by aweinsoff@channelchek.com

Research News and Market Data on SKYX

March 17, 2025 09:49 ET 

SKYX Revenues Increased from Quarter to Quarter During 2024 with $19M in Q-1, 21.4M in Q-2, $22.2M in Q-3, and $23.7M in Q-4

SKYX Filed an 8K Announcing Strategic $1 Million Preferred Funding in Addition to the $11 Million Strategic Funding in October 2024, totaling $12 million in Preferred Funding Led by The Shaner Group a Leading Marriott Hotels Owner with Over 70 Hotels

Company Expects Its Products to Be in 20,000 Units/Homes by The End of Q-1 2025 in the U.S and Canada to Both Retail and Pro Segments

SKYX’s Technologies Provide Opportunities for Recurring Revenues Through Interchangeability, Upgrades, Monitoring and Subscriptions

MIAMI, March 17, 2025 (GLOBE NEWSWIRE) — SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), a highly disruptive advanced and smart home platform technology company for homes and buildings, with more than 97 issued and pending patents globally and a portfolio of over 60 lighting and home décor websites, today announced record pre-audited financial results for the fourth quarter ended December 31, 2024, with revenues of $23.7 million, compared to $22.2 million in the third quarter. SKYX achieved consistent revenue growth throughout 2024, reporting:

  • $19 million in the first quarter
  • $21.4 million in the second quarter
  • $22.2 million in the third quarter
  • $23.7 million in the fourth quarter

Additionally, SKYX filed an 8-K announcing an additional $1 million in preferred funding, bringing the total to $12 million, following the $11 million strategic funding secured in October 2024. This funding round was led by The Shaner Group, a leading Marriott hotel owner with over 70 hotels.

The company expects its smart plug & play products to be in 20,000 homes/units by the end of the first quarter of 2025 across both retail and professional segments in the U.S. and Canada.

Recent Accomplishments
SKYX continues to expand its market presence, strengthen strategic partnerships, and enhance leadership as it accelerates adoption of its advanced and smart plug & play technologies.

  • Huey Long, former Amazon E-Commerce Director and executive at Walmart and Ashley Furniture, has joined as head of SKYX’s e-commerce platform. He will collaborate with the existing team to expand market penetration across 60 lighting and home décor websites and other key e-commerce channels in the U.S. and Canada.
  • A new collaboration with Cavco Homes, a leading U.S. prefabricated home manufacturer, will integrate smart plug & play technologies into Cavco’s high-end premium homes. The company has sold nearly one million homes and continues to deliver close to 20,000 annually.
  • Three luxury developments by Forte Developments, including an 80-story high-rise in Miami’s Brickell District and projects in Clearwater Beach and Jupiter, Florida, will feature SKYX’s technology. More than 12,000 smart plug & play products, including ceiling outlets, lighting, fans, and emergency fixtures, will be supplied across 400+ units.
  • Greg St. John, former Home Depot lighting head and CEO of Eglo and Cordelia Lighting, has been appointed President of Lighting, Fans, and Smart Home Products. With 30+ years of industry experience, he will lead expansion efforts in retail, homebuilder, and commercial markets, overseeing partnerships with Home Depot, Wayfair, and other major retailers.
  • A 1,000-unit mixed-use development by Jeremiah Baron Companies will incorporate smart plug & play technologies, with 140 units receiving initial product supply. This rollout, beginning January 2025, will include ceiling outlets, lighting, fans, and emergency fixtures, with deliveries continuing throughout construction.

Fourth Quarter 2024 Highlights

  • A $11 million strategic investment at $2.00 per share in preferred stock, led by Lance Shaner, Chairman & CEO of Shaner Hotel Group, strengthens SKYX’s ability to execute its growth strategy and achieve cash flow positivity in 2025.
  • Significant insider investments included $500,000 from President Steve Schmidt and $250,000 each from Co-CEOs Lenny Sokolow and John Campi, reinforcing confidence in SKYX’s long-term vision.
  • A collaboration with Wayfair, one of the world’s leading home décor retailers, will introduce smart plug & play lighting and ceiling fan products to the platform. These offerings, including retrofit kits, smart light fixtures, recessed lights, and ceiling outlet receptacles, will be available in the coming weeks for retail consumers and professional segments, including designers and architects.
  • A strategic partnership with JIT Electrical Supply, a leading builder supplier, will expand SKYX’s footprint in electrical, lighting, and ceiling fan markets. JIT, which has supplied over 100,000 U.S. homes, will distribute SKYX’s lighting solutions, ceiling fans, recessed lights, emergency lights, exit signs, and indoor/outdoor wall lights beginning early 2025.

Rani Kohen, Founder/Inventor and Executive Chairman, of SKYX Platforms, said, “SKYX continues to execute on its vision of making homes and buildings smarter, safer, and more advanced as the new standard. With strong financial backing, key strategic partnerships, and growing market adoption of our smart plug & play technologies, we are expanding across retail, professional, and e-commerce channels at an accelerated pace. The addition of industry-leading executives, collaborations with top developers and suppliers, and increasing penetration into high-growth markets reinforce our position as a disruptive force in home and building technology. We remain committed to delivering innovative solutions that drive efficiency, safety, and long-term value for our customers, partners, and investors.”

About SKYX Platforms Corp.

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced-safe-smart platform technologies, with over 97 U.S. and global patents and patent pending applications. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com/ or follow us on LinkedIn.

Forward-Looking Statements
Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its products and technologies and integrate its products and technologies with third-party platforms or technologies; the Company’s efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company’s ability to capture market share; the Company’s estimates of its potential addressable market and demand for its products and technologies; the Company’s ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company’s ability to continue as a going concern; the Company’s ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company’s products will become National Electrical Code (NEC)-code or otherwise code mandatory in any jurisdiction, or that any of the Company’s current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company’s ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company’s actual operating results; the potential impact of unstable market and economic conditions on the Company’s business, financial condition, and stock price; and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.

Investor Relations Contact:

Jeff Ramson
PCG Advisory
jramson@pcgadvisory.com

Comtech Telecommunications (CMTL) – Making Progress

Posted on by cpereira@noblefcm.com


Friday, March 14, 2025

Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers. The Telecommunications Transmission segment provides satellite earth station equipment and systems, over-the-horizon microwave systems, and forward error correction technology, which are used in various commercial and government applications, including backhaul of wireless and cellular traffic, broadcasting (including HDTV), IP-based communications traffic, long distance telephony, and secure defense applications. The Mobile Data Communications segment provides mobile satellite transceivers, and computers and satellite earth station network gateways and associated installation, training, and maintenance services; supplies and operates satellite packet data networks, including arranging and providing satellite capacity; and offers microsatellites and related components. The RF Microwave Amplifiers segment designs, develops, manufactures, and markets satellite earth station traveling wave tube amplifiers (TWTA) and broadband amplifiers. Its amplifiers are used in broadcast and broadband satellite communication; defense applications, such as telecommunications systems and electronic warfare systems; and commercial applications comprising oncology treatment systems, as well as to amplify signals carrying voice, video, or data for air-to-satellite-to-ground communications. The company serves satellite systems integrators, wireless and other communication service providers, broadcasters, defense contractors, military, governments, and oil companies. Comtech markets its products through independent representatives and value-added resellers. The company was founded in 1967 and is headquartered in Melville, New York.

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.

Making Progress. Comtech made some progress in its business transformation during the fiscal second quarter, although business conditions remain challenging. The most significant change came post quarter-end with the amendment to its senior secured credit agreement that cures the covenant breaches as of January 31, 2025.

2Q25 Results. Revenue totaled $126.6 million, down 5.7% from the year ago period, but up 9.3% sequentially. Gross margin of 26.7% fell y-o-y, but improved sequentially from 12.5% in 1Q25. Comtech reported a net loss of $48.7 million, before preferred stock adjustments, compared to a net loss of $10.6 million in 2Q24. Adjusted net loss was $0.35/sh compared to a net loss of $0.15/sh last year.


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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. 

Information Services Group (III) – Noticing Positive Trends in 2025

Posted on by cpereira@noblefcm.com


Monday, March 10, 2025

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For additional information, visit www.ISG-One.com

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.

Improved Metrics. While fourth quarter revenue was down on a reported basis, it was in-line with our expectations and at the upper-end of management’s $57-$58 million guidance. Importantly, ISG delivered an improved gross margin of 41.5% from 38.3% last year due to higher utilization and the sale of its automation unit. Flowing through to the bottom line, adjusted EBITDA had an improved margin of 11.3% from 8.9% last year.

A Year of Headwinds. Fiscal year 2024 was highlighted by headwinds for the Company, as its clients delayed decision making throughout the year. Uncertainty regarding the macroenvironment, geopolitical conflict in Europe, and political uncertainty impacted spending in 2024.


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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. 

Information Services Group (III) – A Peak into the Fourth Quarter

Posted on by cpereira@noblefcm.com


Friday, March 07, 2025

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For additional information, visit www.ISG-One.com

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.

Fourth Quarter Results. Revenue for the quarter totaled $57.8 million, nearing the top of management’s guidance and in-line with our estimate of $58 million. Net income totaled $3.0 million, or $0.06 per diluted share, an improvement from a loss of $2.9 million or $0.06 per share, last year. We estimated a net loss of $0.2 million or breakeven per share. Adjusted EBITDA was $6.5 million, the midpoint of management’s guidance and above our estimate of $6 million.

More Cash in Hand. ISG generated cash from operations of $6.6 million during the quarter, and with the sale of the automation unit last quarter, had total cash on hand of $23.1 million at the end of the quarter, up 138% from the prior quarter. Debt declined to 25% y-o-y to $59.2 million as of December 31, 2024. Management maintained a goal of 2.0-2.5x debt to EBITDA ratio.


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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. 

Kestra Medical Technologies Prices Upsized IPO at $17 Per Share

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Kestra Medical Technologies has priced its upsized initial public offering (IPO) of 11,882,352 common shares at $17.00 per share, aiming to raise approximately $202 million.
– Shares are set to begin trading on the Nasdaq Global Select Market on March 6, 2025, under the ticker symbol “KMTS.”
– Kestra specializes in wearable medical devices and digital healthcare solutions, particularly for cardiovascular disease monitoring and intervention.

Kestra Medical Technologies, a Kirkland, Washington-based company specializing in wearable medical devices and digital healthcare solutions, has announced the pricing of its upsized initial public offering (IPO). The company is offering 11,882,352 common shares at a public offering price of $17.00 per share, with gross proceeds expected to be approximately $202 million, excluding any exercise of the underwriters’ option to purchase additional shares. This option allows underwriters a 30-day period to acquire up to 1,782,352 additional common shares at the IPO price, less underwriting discounts and commissions.

Trading of Kestra’s common shares is scheduled to commence on March 6, 2025, on the Nasdaq Global Select Market under the ticker symbol “KMTS.” The closing of the offering is anticipated to occur on March 7, 2025, contingent upon the fulfillment of customary closing conditions.

The IPO is being led by prominent financial institutions, with BofA Securities, Goldman Sachs & Co. LLC, and Piper Sandler acting as lead bookrunners. Wells Fargo Securities and Stifel are serving as bookrunners, while Wolfe | Nomura Alliance is participating as co-manager for the offering.

Kestra Medical Technologies is a commercial-stage company focused on transforming patient outcomes in cardiovascular disease through intuitive, intelligent, and connected monitoring and therapeutic intervention technologies. Their flagship product, the ASSURE® Wearable Cardioverter Defibrillator (WCD) system, is designed to provide automatic detection and defibrillation for ventricular arrhythmias, offering a modern approach to sudden cardiac arrest protection. The ASSURE system integrates with the Kestra CareStation™ remote patient data platform, enabling configurable notifications for clinical events and trending of physiological and device data at any time.

The company’s decision to go public comes amid increasing demand for wearable medical technology, particularly in the cardiovascular sector. As heart disease remains one of the leading causes of death globally, there is a growing market for advanced monitoring and intervention solutions. Kestra’s innovative approach to real-time monitoring and emergency response through connected devices positions it as a competitive player in this expanding industry. The funds raised through the IPO will likely support further research and development, product expansion, and potential strategic partnerships to enhance its market presence.

Investors will be closely watching the stock’s performance following its debut on the Nasdaq. Given the strong interest in digital healthcare and the increasing adoption of wearable medical devices, Kestra’s IPO could attract significant attention from both institutional and retail investors. The success of this offering could also signal broader investor confidence in the future of digital health solutions, particularly those that leverage artificial intelligence and real-time data tracking to improve patient outcomes.

Klarna Prepares for $1 Billion US IPO, Targeting $15 Billion Valuation

Posted on by slightbourne@noblecapitalmarkets.com
– Klarna is targeting a $15B+ valuation, pricing expected in April.
– IPO may boost tech listings, with Chime and Zilch eyeing debuts.
– Klarna refocuses on AI, payments, and potential crypto expansion.

Klarna, a leading player in the buy-now, pay-later (BNPL) sector, is gearing up for a highly anticipated initial public offering (IPO) in the United States. According to sources familiar with the matter, the Swedish fintech company is expected to publicly file for its IPO as soon as next week, aiming to raise at least $1 billion. Klarna’s listing on the New York Stock Exchange (NYSE) is expected to take place in early April, with a target valuation exceeding $15 billion.

This IPO comes at a crucial time for the technology sector, which has seen a slowdown in public listings following a record-breaking surge in 2021. Klarna’s decision to go public could reignite investor interest in fintech IPOs, paving the way for other companies like Chime Financial Inc. and Zilch Technology Ltd. to follow suit later this year. The company confidentially filed for an IPO with the U.S. Securities and Exchange Commission (SEC) in November 2024, and it is now preparing to move forward with the process alongside major underwriters, including Goldman Sachs, JPMorgan Chase, and Morgan Stanley.

Klarna has experienced significant valuation swings in recent years. At its peak in 2021, the company was valued at $45.6 billion. However, following a broader tech downturn, Klarna’s valuation dropped dramatically to $6.7 billion in 2022. Analysts currently estimate its worth at approximately $14.6 billion based on Chrysalis Investments Ltd.’s assessment of its stake in Klarna.

To strengthen its market position and improve financial efficiency ahead of the IPO, Klarna has been restructuring its business operations. The company recently agreed to divest its Checkout payments division for approximately $520 million, while also acquiring Laybuy, a buy-now, pay-later provider in New Zealand. These strategic moves indicate Klarna’s intent to streamline its operations and refocus on its core payments business.

Founded in Stockholm, Sweden, in 2005, Klarna has grown into a global financial technology leader with 85 million customers and 600,000 retail partners. The company’s expansion into the U.K. and U.S. markets has been key to its growth, and its IPO signals a continued push for international dominance.

Klarna is also exploring new revenue streams, including an expansion into the cryptocurrency market. CEO Sebastian Siemiatkowski hinted at this move in February when he posted on social media that Klarna “will embrace crypto.” This potential diversification could attract a new wave of investors interested in both fintech and digital assets.

As Klarna prepares for its public debut, investors will be watching closely to see how the company positions itself in the competitive fintech landscape. With the backing of major institutional investors like Sequoia Capital and a renewed focus on core business operations, Klarna’s IPO could be a significant milestone for the BNPL industry and the broader fintech sector. If successful, this listing could set the tone for other fintech firms eyeing public markets in 2025 and beyond.