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Category: Entertainment

  • MIL-OSI Russia: Peace talks between Russia and Ukraine may take place next week in the Vatican – Finnish President

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    HELSINKI, May 22 (Xinhua) — Technical-level talks involving Russia and Ukraine could take place in the Vatican as early as next week, Finnish President Alexander Stubb said in an interview with Yle TV on Wednesday.

    According to him, the talks will most likely involve representatives from the United States and European countries. The potential meeting is a positive step toward broader international participation in efforts to end the conflict in Ukraine, A. Stubb noted.

    “It is very likely that next week, for example, in the Vatican, a technical meeting will take place with the participation of Ukrainians, Russians, Americans and Europeans,” the president said.

    The Finnish leader emphasized the growing role of European countries in the peace process. “We are entering a phase where Europe will also be involved – and this is what we hoped for from the beginning,” he said.

    On Monday, US President Donald Trump held telephone talks with several European leaders, including A. Stubb. The head of the White House shared details of an earlier conversation with Russian President Vladimir Putin and discussed with his interlocutors the ongoing negotiations, a potential ceasefire and steps to establish lasting peace in Ukraine. –0–

    MIL OSI Russia News –

  • MIL-OSI: Alt Carbon raises $12 million seed round to scale Carbon Removal (CDR) in the Global South

    Source: GlobeNewswire (MIL-OSI)

    • $12 million seed will be the largest funding round for climate tech in India
    • Funding round led by Lachy Groom with participation from existing investors
    • To accelerate investments in CDR, Earth Sciences R&D and advanced hardware

    San Francisco and Bangalore, May 21, 2025 (GLOBE NEWSWIRE) — : Alt Carbon, a deep-tech science & data company, announced a $12 million seed funding round to build the agricultural infrastructure for climate action. The investment will help accelerate Carbon Dioxide Removal (CDR) in the Global South and expand Earth Sciences R&D, advance hardware innovations, and scale-up operations for durable climate action in India. The round was led by Lachy Groom, with participation from existing investors.

    This marks the largest seed round for climate tech in India, underscoring the novelty of the technology, growing demand for removal-based carbon credits, and the burgeoning opportunity for India to become the world’s frontier for climate action.

    “Alt Carbon is tackling a once-in-a-generation challenge. The personal journey of the founders, their technical approach, and ambitious vision will help us remove CO₂ from the atmosphere at gigaton scale — all while adapting agricultural land for climate impact. In just 18 months, the team has built a world-class lab, created proprietary models, and laid the foundation for a new class of carbon removal and agricultural infrastructure. This is a category-defining deep-tech company that will reshape how the world thinks about climate action,” said Lachy Groom, Investor and Co-founder of Physical Intelligence.

    Alt Carbon uses a novel carbon removal method called Enhanced Rock Weathering (ERW), which involves sourcing waste basalt rock dust from mines and spreading it across agricultural fields. This volcanic rock not only improves soil health and crop yields but also reacts naturally with rainwater to remove carbon dioxide. When CO₂ in rainwater interacts with the basalt dust, a chemical reaction converts it into stable bicarbonate ions that are stored in the soil. Over time, these ions travel through river networks to the ocean, where they eventually reside as calcium carbonate (CaCO₃) for over 10,000 years.

    Alt Carbon’s flagship initiative, The Darjeeling Revival Project (DRP), is a first-of-its-kind effort to unite climate action with cultural and ecological restoration. With an ambitious goal to remove carbon dioxide at scale, the DRP aims to not just remove CO₂ but also restore livelihoods, revive degraded soils and ecosystems, and preserve India’s most valued export: Darjeeling’s tea. The project represents a new model for climate action — one that’s rooted in science, powered by community, and driven by the belief that revivals require ambition and audacious bets.

    “The climate crisis demands bold bets on science innovation, rethinking infrastructure, and deploying capital. Enhanced Rock Weathering is one of the most promising, permanent carbon removal pathways we have, and yet it’s vastly underbuilt. What sets us apart is our obsession with scientific depth: we’re building advanced labs and engineering the scientific backbone of a new era of climate action grounded in the Global South. Extraordinary crises require outsized ambition, and we now have the capital to kickstart a climate revolution and have a shot at gigaton-scale carbon removal,” said Co-founder & CEO Shrey Agarwal, Alt Carbon.

    In just the last two months, Alt Carbon signed two landmark agreements that signal a new chapter in climate collaboration between Japan and India. A strategic partnership with Mitsubishi Corporation marked a first of its kind framework for scaling Enhanced Rock Weathering (ERW) — a strong vote of confidence in both the science and Alt Carbon’s execution. This was followed by a historic offtake agreement with MOL Group to purchase 10,000 tonnes of carbon removal credits — the world’s first direct CDR offtake by a shipping company for ERW, and the first such deal between a Japanese and Indian company. Together, these partnerships not only validate ERW as a credible, scalable climate solution, but also mark the emergence of a robust Japan–India business corridor rooted in science-led, cross-border climate action.

    Alt Carbon has also received early catalytic support from ACT, a leading non-profit philanthropy platform, and participation from existing investors and leading angels, including Shastra VC, Jason Zhao (Co Founder, PIP Labs), Awais Ahmed (Co Founder, Pixxel Space), Amarendra Singh (Co Founder, DeHaat), among others.

    Nine months ago, Alt Carbon made history as the first India-headquartered company to be selected by Frontier, a $1 billion Advance Market Commitment backed by Stripe, Alphabet, Meta, Shopify, and McKinsey — to scale permanent carbon removal. Alt Carbon also became the first ERW company globally to receive an offtake agreement from the South Pole & Mitsubishi-led NextGen buyer’s coalition.

    Alt Carbon also announced the appointment of Yashovardhan Bhagat (former co-founder of ed-tech platform Seekho) as Chief Operating Officer to scale its carbon removal operations across India, Adithya Venkatesan (former brand head at Gojek, Meesho and Last9) to lead the in-house Climate Studio, and Dr. Sourav Ganguly (PhD, Indian Institute of Science, Bangalore) to lead the science & modelling team.

    “India needs $1 trillion of climate finance by 2030 alone to adapt our soil, rivers, and cities to climate impact. Globally, we need to remove 10 billion tons of CO₂ every year by 2050. We’re nowhere close to either of these targets. Our goal is to make India a hub for carbon removal. We plan to remove CO₂ at scale from the Global South, for the planet,” said Co-founder & President, Sparsh Agarwal. He added, “We thank the partners who have joined us in this ambitious, whirlwind journey, to revive Darjeeling, remove CO₂ and undo the clock for this planet.”

    –

    Notes to the editor
    For further information please contact the Alt Carbon press office:
    Adithya Venkatesan on adithya@alt-carbon.com
    Media images

    About Alt Carbon
    Alt Carbon is a deeptech science and data company, building agri infrastructure for climate action. We aim to make South Asia a hub for Carbon Dioxide Removal (CDR) through technology pathways like Enhanced Rock Weathering. We work with farmers and scientists in the Global South, to turn underutilized land into carbon sinks. Our flagship initiative, the Darjeeling Revival Project (DRP), is a first-of-its-kind effort to unite climate action with cultural and ecological restoration — by reviving degraded soils, restoring livelihoods, and rebuilding ecosystems. We’re rooted in science, powered by community, and driven by the belief that revivals require ambitious people and audacious bets. Our mission is to remove 5 million metric tons of CO₂ by 2030.

    For more information please visit https://www.alt-carbon.com/ or follow us via LinkedIn or X

    About Lachy Groom
    Lachy Groom has invested in over 200 companies including Anduril, OpenAI, Ramp, Notion, Figma, and Zepto. Lachy was previously an early employee at Stripe where he helped scale the company to over 2,500 employees. During his time there he led several teams, including Core Payments, Financial Partnerships, Stripe’s expansion into the Asia Pacific, and Stripe Issuing. Lachy is also one of the six co-founders of Physical Intelligence.

    About ACT
    ACT Capital Foundation is an Indian venture philanthropy platform that believes that an entrepreneurial mindset, technology and innovation and collective action have the power to create meaningful impact at scale. Driven by a bias for action, ACT funds and supports tech-first innovations that can address India’s most critical social need gaps at scale through capital, connections and collectives.

    “ACT’s belief in backing tech-first innovations has helped lay the groundwork for Alt Carbon’s first field deployments and validate the efficacy of ERW to remove carbon at scale. Philanthropic capital reflects a shared commitment to help the country meet its decarbonisation goals by accelerating climate solutions that are rooted in local realities and scalable across the Global South,” said Alankrita Khera, Director, ACT.

    Attachment

    The MIL Network –

  • MIL-OSI USA: ICYMI—Hagerty Joins Balance of Power on BloombergTV to Discuss Budget Reconciliation, GENIUS Act

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty

    WASHINGTON—Today, United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, joined Balance of Power on BloombergTV to discuss the budget reconciliation package, along with the GENIUS Act.

    *Click the photo above or here to watch*

    Partial Transcript

    Hagerty on the budget reconciliation package: “I’m from a no-tax state in Tennessee. There are real concerns about [State and Local Tax], but I realize that President [Donald] Trump broadened the tent to bring people together. So, I think we’re going to be negotiating on that and a number of other points. But one thing I’m going to be very clear about doing is not to try to get ahead of the people that are responsible for the negotiations here in the Senate. We met yesterday with Speaker [Mike] Johnson. He was very clear that he wants to work with us. I think we’ll have a good positive working relationship and try to find a way to make certain that we’re doing the absolute best we can for the American people, given the constraints that we have right now, and given the implementation challenges that the Executive Branch faces. But let’s say this: we’re all moving in the same direction. And importantly, I think we’re taking the message that we’ve got to move quickly. We need this done for the sake of the markets. We need this done for the sake of certainty. We need to see more capital investment commitments take place. That will beget more jobs, more economic activity, but it needs to happen soon. So, that sense of urgency is very real up here.”

    Hagerty on the urgency to pass the budget reconciliation package: “There are a number of elements at play. One of them has to do with this tax package and extending that, again, that’ll create a much more certain environment for commitments, capital commitments that will, again, beget more economic activity. That’s going to be positive. There’s also a focus on cutting spending. We’ve got to do that. But there’s another aspect of this that gets far too little play. And it’s not just cutting spending, it’s cutting the massive overhead that we have here that comes from regulation. And if you think about what happened in the prior four years into the Biden administration, the estimates are that the incremental cost of the Biden regulations amounts to $1.4 trillion a year of extra compliance cost on American businesses. We’re working very hard to trim those back to streamline regulations. And that impact is going to be very real as well. It’ll come to the bottom line. It will be reinvested in the economy. It will yield greater after-tax returns. All of this is going to be very positive. We just need to see it happen. And I think speed and timing are of the essence here.”

    Hagerty on opposition to the GENIUS Act: “[Senator Elizabeth Warren is] absolutely wrong. And what she’s doing is using a political argument to stir up controversy because she’s been focused on the Central Bank Digital Currency by its nature. This is decentralized. She’s been opposed to this from the beginning. She fought this in the Banking Committee, and after close to four hours of debate in the Banking Committee, she was able to hold four Democrats on her side. But five came over with me and voted for us to put this out of the committee. I see a lot of Democrats that see the benefit of this. And if you think about where we are today, the United States is relying on a payment system that was designed in the seventies and eighties. This is an opportunity to modernize our payment system, take us into the 21st century. We trade securities on an instantaneous basis. This would allow us to move currencies and payments at the same rate. It would be based on the U.S. dollar that will extend dollar dominance around the world. It will actually stimulate demand for U.S. treasuries, which given where we are right now, would be a very positive thing in the marketplace. It’s going to protect consumers. These ethics concerns that Senator Warren is raising are dealt with in the Constitution. I think this is just a red herring. It’s a distraction; she needs to focus on the core of this. And the fact is, I think she just doesn’t like the decentralized nature of it, which is exactly why it’s so powerful, and that’s why so many in the American public want to see this happen and bring the United States payment system into the 21st century.”

    Hagerty on potential amendments to the GENIUS Act: “This is a major piece of legislation that’s moving onto the floor. We have a large number of amendments to sort through, and my goal is to make certain that the stablecoin legislation passes and that we avoid a situation where it gets cluttered up or bogged down with a number of amendments that could be unrelated to this. So, we’re going through the process right now to evaluate all of this. Again, we probably have well over a hundred amendments to evaluate, but we will narrow this down and get through it. And I’m appreciative of the fact that Leader [John] Thune is navigating an open process here that’s going to bring us, I hope, to a very successful resolution. But we have had months to work on this bill. We’ve incorporated input from both sides of the aisle and a lot of input from the industry and from the Executive Branch. I feel very good about where we are. We’ve got a great work product right now, and I think we’re very close to seeing it come to final closure.”

    MIL OSI USA News –

  • MIL-OSI Australia: Supporting Canberra’s Veterans Through Community-Led Initiatives

    Source: Australian National Party

    As part of ACT Government’s ‘One Government, One Voice’ program, we are transitioning this website across to our . You can access everything you need through this website while it’s happening.

    Released 22/05/2025

    Minister for Seniors and Veterans Suzanne Orr today announced the recipients of the 2024–25 ACT Veterans Grant Program, with $80,000 awarded to seven local organisations delivering innovative projects to support veterans and their families.

    The funding will support a wide range of initiatives that promote mental health and wellbeing, strengthen social connections, and recognise the service and sacrifice of the veteran community.

    “Our veterans and their families have given so much in service to our country. These grants are a way for the ACT Government to support their wellbeing, community connection and recognition,” Minister Orr said.

    “This year’s recipients are delivering thoughtful, creative projects that bring people together, whether it’s through music, sport, nature, or hands-on skills, and I’m proud to support them.”

    The 2024–25 Veterans Grant Program recipients are:

    The Legacy Club of Canberra Incorporated

    Legacy Concert: A relaxed afternoon of live music by local performers, offering Legacy families the chance to connect and unwind.

    The Cuppacumbalong Foundation Limited

    Blacksmithing for Defence Families: Hands-on blacksmithing courses designed to support the mental wellbeing of defence families in the Canberra region.

    Woden Valley RSL Sub-Branch Inc
    Annual Primary Schools ANZAC and Peace Ceremony: A ceremony fostering understanding of the ANZAC legacy and peace, attended by up to 500 students from 23 local schools.

    ACT Table Tennis Association Incorporated
    Improving Wellbeing Through Table Tennis: A program promoting physical health, social engagement and wellbeing for veterans, delivered in partnership with Soldier On.

    Australian Outward Bound Development Fund Pty Ltd
    Veterans and Families Connection Weekend: An immersive overnight adventure with high-ropes, bushcraft and campfire conversations to help veterans and their families reconnect.

    42 Casts Limited
    Veterans Fishing Day: A social day of fishing and a BBQ for veterans in the ACT and surrounding areas, promoting relaxation and connection.

    Dogs Canberra Limited –
    Veteran and Rescue Dog Pilot Program: A pilot project to support the mental health of veterans by matching them with rehabilitated rescue dogs and providing ongoing support.

    “These community-led projects reflect the diversity of experiences within the veteran community, and show the power of local connection, creativity and care,” Minister Orr said.

    “We’re proud to continue our support through the Veterans Grant Program and thank all the organisations helping to make Canberra a more inclusive and supportive place for veterans and their families.”

    – Statement ends –

    Suzanne Orr, MLA | Media Releases

    «ACT Government Media Releases | «Minister Media Releases

    MIL OSI News –

  • MIL-OSI Russia: Experts and Scientists Assess China’s Economic Growth Points in 2025 (Part 1): Service Consumption Becomes a New Bright Spot

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Xia Jiechang, Research Fellow at the National Academy of Economic Strategy, Chinese Academy of Social Sciences

    Consumption is the foundation of economic development. Since this year, various departments in various regions have been steadily promoting special promotions to promote consumption growth, and have been making efforts to expand the scope of trade-in consumer goods renewal, which has led to a steady release of consumption potential and further strengthening the main role of consumption in the country’s economic growth. In the first quarter, final consumption expenditures stimulated GDP growth by 2.8 percentage points, accounting for more than half of the total economic growth. In particular, service consumption has become a new highlight in China’s population consumption and a new impetus for the country’s economic growth.

    Service consumption mainly includes consumer spending on intangible services, including health care, education and training, tourism and leisure, financial services, culture and entertainment, etc. It covers a wide range of fields and is not only an important support for improving people’s well-being, but also an important direction for optimizing and improving the consumption structure. Since this year, China has made concerted efforts on both the supply and demand sides to put forward a series of policies to promote service consumption. Through vigorous policy promotion, relevant economic entities have expanded the range of services offered and improved their quality, thereby laying a solid foundation for the growth of service consumption and better meeting people’s needs for customized and high-quality services.

    In the process of expanding and upgrading service consumption, digital technologies are beginning to play an important supporting role. On the one hand, the analysis and processing, in-depth processing and specific application of huge amounts of information through digital technologies have served as an incentive for expanding the scale of service consumption, optimizing the structure of service consumption and improving the quality of consumer goods in the service sector. On the other hand, digital technologies have greatly contributed to the intensive development of new-type service consumption, effectively improving the consumer experience of the population.

    MIL OSI Russia News –

  • MIL-OSI Economics: [Interview] The Premiere 5: Probably the Largest Touchscreen You’ll Use at Home

    Source: Samsung

    “Expanding the projection surface naturally broadens the range of use.”
    — Jaeyoung Park, Visual Display Business, Samsung Electronics
     
    With the right projector, you can enjoy a 100-inch screen in compact home spaces. The portability of smaller projectors also enable more flexible entertainment spaces. Turning a living room into a theater or a bedroom into a concert hall — that’s an experience you don’t come back from.
     
    Samsung Electronics is redefining home entertainment with The Premiere 5, introducing a new product identity by expanding the projection surface from walls to floors and tables and incorporating touch Interaction.1
     
    Samsung Newsroom spoke with Seung-Hyun Moon from the New Projector Lab, Yuri Kim from Innovative Product Planning and Jaeyoung Park from Lifestyle Product Marketing — all part of the Visual Display (VD) Business at Samsung Electronics — to learn more about how the largest in-home touchscreen came to life.
     
    ▲ (From left) Yuri Kim, Jaeyoung Park and Seung-Hyun Moon from the Visual Display Business at Samsung Electronics
     
     
    Ultra-Short Throw, Ultra-Clear Picture in an Ultra Cute Form
    A compact ultra-short throw projector equipped with advanced triple laser technology as well as touch interaction, The Premiere 5 transforms everyday spaces into immersive environments with vivid picture quality. The device can display an image up to 100 inches from just 17 inches away2 when aimed at a wall and up to 40 inches when projecting onto the floor or tabletops.
     
    ▲ (From left) In the box: The Premiere 5, SolarCell Remote, front and back sides of the Touch Stand, power adapter and cable
     
    “We applied ultra-short throw technology so the projector can still deliver a large screen even when placed very close to the wall,” said Moon. “A specially designed aspheric mirror bends the light path by more than 90 degrees, allowing light to spread evenly across the surface.”
     
    “Thanks to the short projection distance, The Premiere 5 can be easily set up in confined spaces,” he added. “Another key strength is that it minimizes shadow interference — a common issue with conventional standard (or long) throw projectors.”
     
    Triple laser technology uses red, green and blue — the three primary colors of light — to produce bright, vivid images.
     
    “Traditional lamp-based or single-laser projectors rely on passing light through a color wheel to generate color,” said Moon. “In contrast, The Premiere 5 uses pure red, green and blue light sources from the start to deliver higher color purity and greater optical efficiency.”
     
    ▲ (From left) The top projection unit features a dual-mirror structure with an aspheric mirror, enabling ultra-short throw projection in a flat design. The camera unit uses 3D ToF technology for auto keystone and auto focus.
     
    The two cameras built into the projector use 3D time-of-flight (ToF) technology3 to automatically detect the shape and distance of the projection surface and make adjustments in real-time. Auto focus keeps the image sharp, whereas auto keystone corrects trapezoidal distortion for a properly aligned rectangular image. As a result, users get an optimal viewing experience without needing to make any manual adjustments.
     
    “3D ToF works by projecting infrared light onto the wall and calculating the time it takes to bounce back, allowing the projector to read the shape of the wall in real time,” he continued. “Thanks to this, the image can be instantly recalibrated even if the projector is accidentally moved during use.”
     
    ▲ Seung-Hyun Moon, New Projector Lab, Visual Display Business, Samsung Electronics
     
     
    Touch Interaction — The Projector for Smartphone Habits
    Touch interaction is a key feature that defines The Premiere 5.
     
    “When projecting onto the floor, the screen becomes very close to the user,” said Kim. “The Premiere 5 was developed with the idea that touch is the most intuitive way to interact with screens — especially for users who are already familiar with smartphones and tablets.”
     
    ▲ Yuri Kim, Innovative Product Planning, Visual Display Business, Samsung Electronics
     
    Touch interaction on The Premiere 5 uses infrared (IR) image sensors. An IR laser at the bottom of the stand and an IR camera at the top of the projector operate simultaneously to generate a calibration pattern, creating a map of the screen. When a user touches the surface, the upper sensor detects the reflected IR signal from the touch point and compares it with the existing map to determine the exact touch location.
     
    “For precise touch recognition, we created and refined an error map across the entire IR range and went through countless rounds of calibration,” said Moon. “We worked extensively to ensure touch accuracy.”
     
    ▲ (From left) The IR camera and the IR laser
     
    To activate touch interaction, users simply attach the front and rear stands to the main unit, lay it horizontally. The projector automatically switches to floor projection mode and enables touch. The magnetic connectors on the stands snap into place instantly, making assembly easy for anyone.
     
    The key to the stand design is ensuring both easy assembly and stable support for the sensors and main unit so the touch feature functions smoothly.
     
    “Before arriving at the current Touch Stand design, we went through numerous prototypes — continuously refining it to address shortcomings in both structure and usability,” said Park. “We were relentless in our pursuit of a safe, stable and effortless assembly.”
     
    ▲ Jaeyoung Park, Lifestyle Product Marketing, Visual Display Business, Samsung Electronics
     
    Kim also recalled the intensive development process behind the Touch Stand.
     
    “We experimented with countless attachment methods including detachable camera modules and cable connections,” she reflected. “There were easier ways to do this from a product development perspective, but our focus on user convenience helped us arrive at an optimal design. Ultimately, product development is driven by the user.”
     

    Towering Design Requirements — Stacking Form and Function
     
    “The process of stacking various parts in layers was simultaneously a design trial and technical challenge.”
    — Seung-Hyun Moon, Visual Display Business, Samsung Electronics
     
    One of the standout features of The Premiere 5 is its vertical tower design.
     
    “Unlike conventional projectors, ultra-short throw projectors emit light at a wide angle. To avoid obstructing the projection path, part of the main body is typically recessed in a valley structure,” said Park. “In contrast, The Premiere 5 uses a dual-mirror structure that creates a flat top for a cleaner, more refined appearance.”
     
    ▲ The Premiere 5
     
    “We aimed for a design that would blend naturally into any space and still look cohesive even when moved around — like a beautiful vase placed on furniture,” said Kim. “By shifting from the traditional horizontal form to a vertical design, we also improved space efficiency.”
     
    Focus was placed not only on design but also on sound quality. Featuring 10W stereo speakers and Dolby Atmos support, The Premiere 5 delivers a powerful, rich sound. When paired with the Music Frame speaker via Q-Symphony,4 the projector creates an even more immersive audio experience.
     
    “A cinematic experience is defined by both picture and sound quality, meaning high-quality audio is not optional — it’s essential,” said Park. “While delivering rich sound was a challenge given the spatial constraints, our team’s collaborative efforts allowed us to achieve both aesthetic design and impressive audio.”
     
    “Ultimately, product development is driven by the user.”
    — Yuri Kim, Visual Display Business, Samsung Electronics
     
    “While horizontal projectors allow internal components to be distributed more broadly, the vertical structure of The Premiere 5 required stacking various parts in layers,” said Moon. “Incorporating premium features — such as ultra-short throw, triple laser technology, high-quality speakers and an internal sound chamber — meant every component had to be smaller and efficiently placed. The process was simultaneously a design trial and a technical challenge.”
     
     
    Setting a New Standard for Projectors
    The Premiere 5 brings innovation to projector use by introducing the concept of floor projection.
     
    “By combining the projector with a Touch Stand, we extended the projection surface down to the floor,” said Park. “Expanding the projection surface naturally broadens the range of ways The Premiere 5 can be used.”
     
    For example, users can mirror mobile content and project it onto a table — turning the surface into an interactive touchscreen. They can also enjoy a richer home entertainment experience through Samsung TV Plus, Gaming Hub and more.
     
    “We highly recommend this product to those who want to share a large-screen experience with their family,” he added. “Through the ‘Enjoy With Family’ section within the Smart TV features, users can explore a wide range of touch-based content including educational and casual games.”
     
    “Touch is the most intuitive way to interact with screens — especially for smartphone users.”
    — Yuri Kim, Samsung Electronics
     
    “I often follow recipe videos on YouTube while cooking at home,” said Park. “When projecting onto the kitchen island, I can play and pause the video with a simple touch — even if my hands are messy.”
     
    He also noted that projecting onto the floor allows for convenient access to Samsung Health and guided workout videos during exercise.
     
    ▲ In the kitchen, The Premiere 5 can provide an easy-to-clean screen so you don’t have to worry about spills and accidents.
     
    “My goal is to deliver a new level of immersion — one that makes users feel as if they’re truly inside the screen, not just watching it,” said Kim, describing her aspirations for the future.
     
    “The new value of projectors lies in their ability to transform any surface into a screen,” added Park. “We will continue to overcome the limitations of projection surfaces through innovation.”
     
    The Premiere 5 stays true to the essence of a projector while unlocking new possibilities through touch interaction. With the Premiere series, Samsung continues to push the boundaries of innovation and elevate everyday screen experiences.
     
    ▲ Jaeyoung Park, Seung-Hyun Moon and Yuri Kim of the Visual Display Business at Samsung Electronics say The Premiere 5 now feels like family.
     
    ▲ Engineers say it’s safer to hold The Premiere 5 with both hands when moving the device.
     
     
    1 Touch interaction is only available with the Touch Stand connected. Touch Interaction may not function properly depending on set up and the condition of the surface projection surface.
    Touch interaction support may vary by app, some apps may not support the feature. Some functions may be limited when using the feature.
    2 Screen sizes for each projection distance may differ depending on the installation environment.
    3 Time-of-Flight (ToF) technology is a depth-sensing method that measures the time it takes for a signal — usually infrared light — to travel from a source to an object and back to a sensor.
    4 Q-Symphony is audio technology that allows a compatible Samsung TV or projector and a compatible Samsung sound device (such as a soundbar or the Music Frame speaker) to connect for a holistic listening experience.

    MIL OSI Economics –

  • MIL-OSI China: Shanghai Disneyland breaks ground on Spider-Man land

    Source: People’s Republic of China – State Council News

    Leaders from the Shanghai Disney Resort management team and shareholders broke ground Monday morning on a new Spider-Man-themed land at Shanghai Disneyland, marking a significant milestone in the park’s expansion.

    Leaders from the management team and shareholders breaks ground for new Spider-Man-themed land at Shanghai Disneyland in Shanghai, May 19, 2025. The land will be the ninth themed land at Shanghai Disneyland and third major expansion of the park since opening. [Photo courtesy of Shanghai Disney Resort]

    The milestone was celebrated with a groundbreaking ceremony attended by leaders from Shanghai Disney Resort, Walt Disney Imagineering Shanghai, Shanghai Shendi Group and the Administrative Commission of Shanghai International Resort, marking the start of new construction. 

    Shanghai Disneyland has expanded twice since its June 2016 opening, making it one of the largest resorts in the world. The expanded offerings include a Disney-Pixar Toy Story Land, opened in April 2018 and Zootopia in December 2023, with plenty more coming in the future.

    A concept design for Shanghai Disneyland’s new Spider-Man-themed ride. [Image courtesy of Shanghai Disney Resort]

    The current Spider-Man-themed expansion was first announced in August 2024 at D23: The Ultimate Disney Fan Event. Located next to Zootopia, the land will feature the park’s first major Marvel attraction – a Spider-Man thrill coaster. The area will also include themed dining, shopping and entertainment experiences. 

    Immersing guests in the webslinger’s world is not all Shanghai Disneyland expects in the coming years. On May 19, or China Tourism Day, the resort revealed a new Pixar-themed experience, made live in June of this year. 

    Three legendary Pixar characters will lead the celebrations: Carl from “Up,” Bing Bong from “Inside Out,” and Edna Mode from “The Incredibles.” These three iconic characters will make their Shanghai Disney Resort debut on the E-Stage, hosting a unique, exclusive show on June 3. They will then join other Pixar favorites for limited-time greetings at Toy Story Land, Tomorrowland and Adventure Isle from June 3-19.

    Three Pixar characters will lead Pixar-themed celebration in June. [Image courtesy of Shanghai Disney Resort]

    Amongst all these brand new and exciting events, another new Pixar experience is coming to Shanghai Disneyland. The Pixar-themed dining experience at Stargazer Grill in Tomorrowland will reopen on June 3 as Stargazer Grill Pixar Celebration. After an extensive revamp, the restaurant now features décor and menus inspired by Pixar films.

    MIL OSI China News –

  • MIL-OSI USA: Durbin Warns Republicans Against Their Plan To Overrule The Senate Parliamentarian

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    May 21, 2025

    Durbin: “Should my Senate Republican colleagues overrule the Parliamentarian, it will have major long-term impacts for the Senate and the legislative filibuster.”

    WASHINGTON – In a speech on the Senate floor, U.S. Senate Democratic Whip Dick Durbin (D-IL) today cautioned his Senate Republican colleagues from overruling a decision by the Senate Parliamentarian and the Government Accountability Office (GAO), which would eliminate longstanding guardrails and pave the way for a future Senate majority to overrule the Parliamentarian to achieve its partisan goals.

    Last month, the Senate Parliamentarian, after analyzing the GAO’s opinion, ruled that Senate Republicans cannot use the Congressional Review Act (CRA) to overturn a waiver granted to California by the U.S. Environmental Protection Agency (EPA) to regulate its own vehicle emissions. Republicans are attempting to block a California law requiring all new cars sold in the State by 2035 to be zero-emission vehicles.

    “That’s right—despite claims of being the party of states’ rights, Republicans want to end this state-level regulation in the state of California. And get this: Elon Musk, the un-elected advisor to the President, previously wrote to the EPA in favor of California’s waiver. Now, he has joined the Republican majority to try to gut the rule,” Durbin said. “The Parliamentarian’s decision was not one of party loyalty. It followed decades of precedent showing that California’s Clean Air Act waivers are not subject to the Congressional Review Act. Despite the Parliamentarian’s decision, my Senate Republican colleagues want to override the GAO and the Senate Parliamentarian to advance the fossil-fuel agenda. It’s ‘burn, baby, burn,’ ‘drill, baby, drill.’”

    Durbin continued, “Now, I understand that using the CRA might be faster than agency rulemaking or even considering legislation… In fact, President Trump, in his first term, took administrative action to rescind California’s Clean Air Act waivers and could take that path again. But what Republicans are pursuing today is a procedural nuclear option—a dramatic break from Senate precedent with a profound consequence. Let me repeat: Should my Senate Republican colleagues overrule the Senate Parliamentarian, it will have a major long-term impact for the Senate and the legislative filibuster.”

    Durbin noted that this move by Senate Republicans is unprecedented—the Senate has never overruled the Parliamentarian regarding the CRA.

    “And before, when the tables were turned and the Senate Democrats were in the majority, my Republican colleagues were singing a very different tune about never breaking from the Parliamentarian,” Durbin said. “Leader Thune himself acknowledged in January of this year that overruling the Parliamentarian is ‘totally akin to killing the filibuster. We can’t go there. People need to understand that.’”

    Durbin concluded, “If Senate Republicans disregard the Parliamentarian’s decision, they would set a new precedent in the Senate: eliminating longstanding guardrails and paving the way for a future Senate majority to overrule the Parliamentarian to achieve its partisan goals. I caution my Senate Republican colleagues from toeing this line and setting the wrong precedent. And as I’ve said time and time again—there cannot be one set of rules for Republicans of the Senate and another set of rules for the Democrats. I hope my Republican colleagues will heed my warning and make the right choice—the only choice—accept the GAO and the Senate Parliamentarian’s decision.”

    Video of Durbin’s remarks on the Senate floor is available here.

    Audio of Durbin’s remarks on the Senate floor is available here.

    Footage of Durbin’s remarks on the Senate floor is available here for TV Stations.

    -30-

    MIL OSI USA News –

  • MIL-OSI USA: Klobuchar Opening Remarks and Questions at Antitrust Subcommittee Hearing on AI-Generated Deepfakes

    US Senate News:

    Source: United States Senator for Minnesota Amy Klobuchar
    WATCH KLOBUCHAR’S FULL REMARKS AND QUESTION HERE
    WASHINGTON – U.S. Senator Amy Klobuchar (D-MN), Ranking Member of the Senate Judiciary Subcommittee on Privacy, Technology, and the Law, held a hearing titled “The Good, the Bad, and the Ugly: AI-Generated Deepfakes in 2025.” 
    Testifying at the hearing was Country Music Singer-Songwriter, Martina McBride; CEO of the Recording Industry Association of America, Mitch Glazier; Senior Legal Counsel at the National Center on Sexual Exploitation (NCOSE), Christen Price; Director of Technology Policy at Consumer Reports, Justin Brookman; and Head of Music Policy at Youtube, Suzana Carlos.
    “AI-enabled scams have become far too common. We know that it takes only a few seconds of audio to clone a voice. Criminals can pull the audio sample and personal back story from public sources, said Klobuchar at the hearing. “We also need rules of the road to ensure that AI technologies empower artists and creators and not undermine them. Art just doesn’t entertain us. It’s something that uplifts us and brings us together.”
    “That’s why this NO FAKES Act is so important. It protects people from having their voice and likeness replicated using AI without their permission, all within the framework of the Constitution, and it protects everybody, because everyone should have a right to privacy.” 
    A rough transcript of Klobuchar’s opening remarks and questions is available below. Video is available HERE.
    Senator Klobuchar: Thank you very much, Senator Blackburn, I’m very excited about this subcommittee and the work we’ve already done together for years on this issue and similar issues when it comes to tech.
    I share your hopes for AI and see that we’re on this cusp of amazing advancements if this is harnessed in the right way, but I’m also concerned if things go the wrong way. I think it was David Brooks, a columnist, that said he has trouble writing about it because he doesn’t know if it will take us to Heaven or Hell. So it’s our job to head to heaven, and it’s our job to put some rules in place, and this is certainly one of them. 
    We want this to work for children, for consumers, for artists, and not against them. And you brought up the example Chair, of Randy Travis who was at the event that we recently had with you, and Senator Coons and myself about the bill and how he used AI in such a positive way. But then we know there are these risks. 
    And one of the things that I think is really exciting about this week is that, in fact, on Monday, the President signed my bill with Senator Cruz, the TAKE IT DOWN Act, into law. This was a bill I discussed with him and the First Lady at the inaugural lunch. 
    It’s an example of “use-every-moment-you-have” to advance a cause. And then she supported the bill and helped to get it passed in the House. Senator Cruz and I had already passed it in the Senate, and we were having some trouble getting it done over in the House. So we’re really pleased, because it actually does set some track moving forward, even though this bill, that bill, is about nonconsensual porn, both AI created and non AI created, it’s had huge harmful effects, about 20 some suicides a year of young kids who think they’re sending a picture innocently to a girlfriend or a potential boyfriend, and then it gets sent out on their school internet. It gets sent out to people they know, and basically, they believe their life is in ruins, and don’t have any other context, and take their own lives. And that’s just the most obvious and frightful part of this, but there’s others as well. So I’m hoping this is going to be a first step to some of the work that we can do, including with the bill that we’re going to be discussing today. 
    AI-enabled scams have become far too common. We know that it takes only a few seconds of audio to clone a voice. Criminals can pull the audio sample and personal back story from public sources. 
    Just last week, the FBI was forced to put out an alert about scams using AI-cloned voices of FBI agents and officials asking people for sensitive payment information.
    Jamie Lee Curtis was forced to make a public appeal to Mark Zuckerberg to take down an unauthorized, deepfake ad that included her digital replica endorsing a dental product. While Meta removed the ad after her direct outreach, most people don’t have that kind of influence. 
    We also need rules of the road to ensure that AI technologies empower artists and creators and not undermine them. Art just doesn’t entertain us. It’s something that uplifts us and brings us together. 
    When I recently met with Cory Wong, a Grammy-nominated artist from Minnesota, he talked about how unauthorized digital replicas threaten artists’ livelihoods and undermine their ability to create art. 
    So this is not just a personal issue. It’s also an economic issue. One of the reasons our country, one of our best exports to the world, is music and movies. When you look at the numbers and how we’ve been able to captivate people around the world, that’s going to go away if people can just copy everything that we do. 
    And one of the keys to our success as a nation in innovation has been the fact, and Senator Coons does a lot of work in this area, [that] we’ve been able to respect copyrights and patents and people’s own right to their own products. 
    So that’s why this NO FAKES Act is so important. It protects people from having their voice and likeness replicated using AI without their permission, all within the framework of the Constitution, and it protects everybody, because everyone should have a right to privacy. 
    I also am working in the space on AI to put some base rules in place in my role on the Commerce Committee. Senator Thune and I have a bill that we’re reintroducing on this to set some rules for NIST to be able to put out there for companies that are using AI. And then I’m always concerned about its effect on democracy, but that is for a different day and in a different committee. 
    But I do want to thank Senator Blackburn for her willingness to come out on doing something about tech, including the work she does with Senator Blumenthal, the work that we’ve done together on commerce. And if Monday is any sign with the first bill getting through and there in that Rose Garden signing ceremony, there’s more to come, and so thank you and look forward to hearing from the witnesses.
    …
    Klobuchar: All right. Thank you very much. I guess I’ll start with Mr. Brookman, the non-Grammy winner. I want to talk to you just a little bit about this consumer angle here, which I think is interesting to people. And I think at its core, all of us involved in this legislation have made it really clear that’s not just people who are well known that will be hurt by this eventually, and that getting this bill passed as soon as possible is just as important for everyone, but I do so appreciate Ms. McBride being willing to come forward, because those stories and the stories that we’ve heard from, like I mentioned, Jamie Lee Curtis, or the stories that we’ve heard from many celebrities, are very important to getting this done. So you just did a report on AI-generated voice cloning scams, including that, AI voice cloning applications, in the words of the report, presents a clear opportunity for scammers, and we need to make sure our consumer protection enforcers are prepared to respond to the growing threat of these scams. I had this happen to my state director’s husband, who their kid is in the Marines, and they got a call. They figured out that it wasn’t really him asking for stuff and money. They knew he couldn’t call from where he was deployed to. This is just going to be happening all over the place, and the next call will be to a grandma who thinks it’s real, and she sends her life savings in. So I have called on the FTC and the FCC to step up their efforts to prevent these voice cloning scams. And what are some of the tools that agencies need to crack down on these scams, even outside of this bill?
    Justin Brookman: Yeah, absolutely, so I think the first thing the Federal Trade Commission probably needed is more resources. They only have like 1200 people right now for the entire economy. That’s down from like seven, that’s down from like 100 just in the past couple of months.
    Klobuchar: Down from way down from even during like, the Nixon Era.
    Brookman: Yeah, like 1700 it used to be and the economy has grown like three or four times. Chairman Ferguson has, Chairman Ferguson has said more cuts are coming, which I think is the wrong direction. I worked for the Federal Trade Commission for a couple of years. We could not do, like, a fraction of all the things that we wanted to do to protect consumers, so more people, more capacity, more technologists. Like, there’s just not enough technology capacity in government. I was in the office of technology research and investigation there, that was like five people. That’s just not enough, obviously, with all these very sophisticated, I mean, just deep fakes alone, let alone the rest of the tech economy, the ability to get penalties and even injunctive relief, right if someone, if someone gets caught stealing something, the FTC often doesn’t have the ability to make them give the money back. I know this, under this committee has tried to restore that authority, but that would be important. And also, like again, maybe the FTC could have rule-making authority. But also this, I would like to see Congress consider legislative authority to address tools like again, if you are offering a tool that can be used only for harm, voice impersonation, deepfake pornographic images, maybe there should, there should be responsibilities to make sure it’s not being used for harm.
    Klobuchar: Okay, thank you. Ms. Carlos, can you talk about what YouTube is doing to ensure it’s not facilitating these scams?
    Suzana Carlos: Sure, and thank you for the question, Senator.
    Klobuchar: And thanks for your support for the bill
    Carlos: Of course. So, just to primarily consider, we obviously see great and tremendous opportunity coming from AI, but we also acknowledge that there are risks, and it is our utmost responsibility to ensure that it is deployed responsibly. So we’ve taken a number of efforts to protect against unharmful contact on our platform. Primarily, we have uploaded, we have updated our privacy policies last year to ensure that all individuals can now submit a notice to YouTube when their unauthorized voice or likeness has been used on our platform, and once reviewed, if it is applicable, and we’ve confirmed that that content should be removed, we will take it down. We’ve additionally implemented watermarks on our AI products. We originally began with both image and watermarks using our SynthID technology, and we’ve recently expanded it to also be applied to text generated from our Gemini app and web experience. And most recently, as part of our VO video tool. We’ve also taken the additional step to become a member of C2PA, the Coalition for Content Provenance and Authenticity, and there, we’re serving as a steering member to work with the organization to create indicators and markings that will allow the content provenance that was created off platforms to additionally be recognized, and we’re deploying those technologies across our platform.
    Klobuchar: Okay, thank you. We mentioned the TAKE IT DOWN Act, and thank you for the support for that. Mr. Glazer, you talked about how this is the first federal law related to generative AI, and that it’s a good first step. And could you talk about how, if we don’t move on from there and we just stop and don’t do anything for years, which seems to be what’s been going on, what’s going to happen here, and why it’s so important to do this.
    Mitch Glazier: I think there’s a very small window, and an unusual window, for Congress to get ahead of what is happening before it becomes irreparable. The TAKE IT DOWN Act was an incredible model. It was done for criminal activity, you know, …
    Klobuchar: Yeah, I know. 
    Glazier:  Yeah, right. You know, you wrote it, but it was a great model, but it only goes so far. But we need to use that model now, and we need to expand it carefully in a balanced way to lots of other situations, which is exactly what the NO FAKES Act does. And I think, you know, we have a very limited amount of time in order to allow people and platforms to act before this gets to a point where it’s so far out of the barn that instead of encouraging responsible AI development, instead, we allow investment and capital to go into AI development that hurts…
    Klobuchar: Stealing things…
    Glazier: So let’s encourage investment the right way to boost great AI development and be first. Let’s not be the folks that encourage investment in AI technologies that really harm us.
    Klobuchar: And Ms. Price, you’ve expressed concerns about this 10-year moratorium on state rules. I’m very concerned, having spent years trying to pass some of these things, and I think that one of the ways we pass things quickly, like Mr. Glazier was talking about, is if people actually see a reason that they don’t want to patch work, they want to get it done. But if you just put a moratorium, and you look at, like, the Elvis law coming out of Tennessee, Ms. McBride, and some of the other things that would stop all of that. Could you, my last question here before we go to another round, could you talk about why you’re concerned about what is right in front of us now, which is this 10-year moratorium?
    Christen Price: Yes, thank you for the question, Senator. We’re concerned about the moratorium because it’s basically signaling to the AI companies that they can kind of do whatever they want in the meantime, and it inhibits States’ ability to adapt their laws to this form of technology that’s changing very quickly and then has this potential to cause great harm. 
    Klobuchar: Thank you.

    MIL OSI USA News –

  • MIL-OSI Security: Former Defense Contractor Pleads Guilty to Tax Crimes

    Source: Office of United States Attorneys

    Defendant Admits to Concealing 50% Ownership of $7B Defense Contracting Business to Evade Taxes

               WASHINGTON – Douglas Edelman, 73, a former defense contractor, pleaded guilty today to tax crimes related to a scheme to defraud the United States and evade taxes on income he earned from his contracts with the U.S. Department of Defense.

               The sentence was announced U.S. Attorney Jeanine Ferris Pirro, Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division, and Special Agent in Charge Kareem A. Carter with IRS-Criminal Investigation (IRS-CI) Washington, D.C. Field Office. 

               Edelman pleaded guilty to 10 felony counts: conspiracy to defraud the United States, seven counts of tax evasion, and two counts of making a false statement.  U.S. District Court Judge Colleen Kollar-Kotelly scheduled a hearing on issues related to sentencing on Nov. 17, 2026. Trial on the remaining counts of the indictment will be in 2026.

               According to court documents and statements made in court, Edelman founded and owned 50% of Mina Corp. and Red Star Enterprises (Mina/Red Star), a defense contracting business that received more than $7 billion from contracts with the U.S. Department of Defense to provide jet fuel in the United States’ post-9/11 military efforts in Afghanistan and the Middle East. 

               Working with others, Edelman engaged in a lengthy scheme to hide his Mina/Red Star profits to evade U.S. taxes, including by concealing his income in undisclosed foreign bank accounts, creating false documents and making false statements that one of his co-conspirators — a French citizen residing abroad and without U.S. tax obligations — founded and owned Mina/Red Star. 

               For example, when the company became profitable in 2005, Edelman began taking distributions which he deposited into Swiss bank accounts, primarily at Credit Suisse, in the name of other companies he owned. In 2008, Credit Suisse informed Edelman that he had to either close his accounts or disclose them to U.S. authorities. Rather than come into compliance with his tax and reporting obligations, Edelman closed his accounts and opened new ones at Bank Julius Baer in Singapore in the name of a nominee entity, the beneficiaries of which were purportedly Edelman’s daughters. He then directed the subject income he earned from Mina/Red Star to those bank accounts. 

               In 2010 the U.S. House of Representatives Committee on Oversight and Government Reform’s Subcommittee on National Security and Foreign Affairs began investigating allegations of corruption in connection with Mina/Red Star’s contracts with the Department of Defense. As part of this inquiry, the subcommittee became interested in the identity of Mina/Red Star’s owners. At this time, Edelman had not filed U.S. tax returns to report the millions of dollars he had earned from Mina/Red Star and had not paid U.S. taxes on his income. 

               Rather than disclose his ownership, Edelman caused his attorneys to tell Congress a false story that a French co-conspirator who had no U.S. tax or reporting obligations founded and co-owed Mina/Red Star with another individual. To corroborate the false story, Edelman and a co-conspirator caused false and backdated paperwork to be created. 

               To continue the scheme, Edelman conveyed the false story about Mina/Red Star’s ownership to other arms of the U.S. government, including to the Department of Defense during contract negotiations in 2010 and 2011, to the IRS in a 2016 application to the Offshore Voluntary Disclosure Program, and to the Justice Department in a 2018 presentation. 

               In conjunction with his 2016 application to the IRS’s Voluntary Disclosure Program, Edelman filed false tax returns for several prior years that only reported income from gifts or purported consulting payments, continuing to conceal the millions he had earned from his company. On the returns, he also concealed profits he had earned from a separate business to provide internet service to members of the armed forces at Kandahar Air Base in Afghanistan. 

               Instead of paying the taxes that he knew he owed, Edelman used the money to fund his lifestyle and additional investments. He invested in a music television franchise in Eastern Europe, a land venture in Tulum, Mexico, and a farm in Kenya, and purchased property around Europe, including a home in Ibiza, Spain, and a townhouse in London.

               Edelman faces a maximum penalty of five years in prison for each of the 10 counts to which he has pleaded. He also faces a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

               This case is being investigated by special agents from IRS-CI’s International Tax & Financial Crimes specialty group, a team based out of Washington, D.C., that is dedicated to uncovering international tax crimes, along with the Special Inspector General for Afghanistan Reconstruction. The Justice Department’s Office of International Affairs assisted in the investigation. His Majesty’s Revenue & Customs of the United Kingdom also provided assistance, as did the Joint Chiefs of Global Tax Enforcement (J5), which brings together the taxing authorities of Australia, Canada, the Netherlands, the United Kingdom, and the United States. The Guardia Civil of Spain assisted with the arrest. 

               This case is being prosecuted by Assistant U.S. Attorney Joshua Gold for the District of Columbia and Assistant Chief Sarah Ranney and Trial Attorney Ezra Spiro of the Tax Division.

    24cr239

    MIL Security OSI –

  • MIL-OSI: Trading 212 Surpasses A$50 Billion in Client Assets and 4.5 Million Clients, Cementing Position as the UK’s Fastest-Growing Saving and Investment Platform

    Source: GlobeNewswire (MIL-OSI)

    LONDON, May 22, 2025 (GLOBE NEWSWIRE) — Trading 212 has officially reached a major milestone with over A$50 billion in client assets under administration and a thriving community of 4.5 million clients globally, making it the fastest-growing savings and investment platform in the UK.

    By pioneering zero-commission and fractional share investing across the UK and Europe, Trading 212 has transformed access to the financial markets. Millions of people have been empowered to invest without facing the high fees that have historically been a barrier to entry.

    “Our mission has always been to unlock wealth building for everyone,” said Ivan Ashminov, co-founder and chairman of the board of Trading 212. “Reaching this scale is a testament to the trust our clients place in us and to the value we bring through innovation, accessibility, and transparency.”

    With continued momentum, Trading 212 remains committed to reshaping the future of personal finance by breaking down barriers and delivering market-leading tools for everyday investors or savers.

    About Trading 212

    Trading 212 is a fintech company on a mission to unlock wealth building for everyone. Known for disrupting the industry with zero-commission investing, intuitive technology, and innovative financial products, the platform offers stocks and ETFs to millions of clients across the UK, Europe and Australia.

    For media inquiries, please contact:
    press@trading212.com
    www.trading212.com

    When investing, your capital is at risk. See terms and fees.

    Other fees may apply.

    The MIL Network –

  • MIL-OSI: Oyster Enterprises II Acquisition Corp Announces the Upsized Pricing of $220,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Miami, Florida, May 21, 2025 (GLOBE NEWSWIRE) — Oyster Enterprises II Acquisition Corp (the “Company”) announced today the upsized pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and begin trading tomorrow, May 22, 2025, under the ticker symbol “OYSEU.” Each unit consists of one Class A ordinary share and one right (the “Share Right”) to receive one tenth (1/10) of one Class A ordinary share upon the consummation of an initial business combination.  There are no warrants issued publicly or privately in connection with this offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and Share Rights are expected to be listed on Nasdaq under the symbols “OYSE” and “OYSER,” respectively. The offering is expected to close on May 23, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any.

    The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business, industry, sector or geographical location, but is focused on industries that align with the background of the Company’s management team and advisor, including technology, media, entertainment, sports, consumer products, financial services, real estate and hospitality. The Company will also focus on AI companies positioned to complement or disrupt those industries, as well as companies within the digital assets and blockchain ecosystem.

    The Company’s management team is led by Mario Zarazua, its Chief Executive Officer and Vice Chairman, and Heath Freeman, its Chairman. In addition, the Board includes Divya Narendra, Lief Haniford and Jordan Fliegel. Randall D. Smith is an Advisor to the Company, and Mike Rollins is the Chief Financial Officer.

    BTIG, LLC is acting as sole book-running manager for the offering.

    The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from BTIG, LLC, Attention: 65 East 55th Street, New York, New York 10022, or by email at ProspectusDelivery@btig.com, or by accessing the SEC’s website, www.sec.gov.

    A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on May 21, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds will be used as indicated.

    Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and preliminary prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Company Contact:

    Oyster Enterprises II Acquisition Corp
    801 Brickell Avenue, 8th Floor
    Miami, Florida, 33131
    Attn: Mario Zarazua, CEO and Vice Chairman
    mario@oysteracquisition.com
    (786) 744-7720
    www.oysteracquisition.com

    The MIL Network –

  • MIL-OSI: CORRECTION — LiveRamp Announces Fourth Quarter and Fiscal Year 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, May 21, 2025 (GLOBE NEWSWIRE) — In a release issued earlier today under the same headline by LiveRamp (NYSE: RAMP), please note the GAAP operating income and Non-GAAP operating income for the first quarter of fiscal 2026 and fiscal 2026 were stated incorrectly. The corrected release follows:

    Q4 Revenue up 10% year-over-year

    FY25 Operating Cash Flow increases 46% year-over-year

    FY25 Share Repurchases totaled $101 million

    LiveRamp® (NYSE: RAMP), a leading data collaboration platform, today announced its financial results for the quarter and fiscal year ended March 31, 2025.

    Q4 Financial Highlights1

    • Total revenue was $189 million, up 10%.
    • Subscription revenue was $145 million, up 9%.
    • Marketplace & Other revenue was $44 million, up 14%.
    • GAAP gross profit was $131 million, up 5%. GAAP gross margin of 69% compressed by 3 percentage points. Non-GAAP gross profit was $136 million, up 5%. Non-GAAP gross margin of 72% compressed by 3 percentage points.
    • GAAP operating loss was $12 million compared to $14 million. GAAP operating margin of negative 6% expanded by 2 percentage points. Non-GAAP operating income was $23 million compared to $16 million. Non-GAAP operating margin of 12% expanded by 3 percentage points.
    • GAAP diluted loss per share was $0.10 and non-GAAP diluted earnings per share was $0.30.
    • Net cash provided by operating activities was $63 million compared to $28 million.
    • Share repurchases in the fourth quarter totaled approximately 950 thousand shares for $25 million.

    Fiscal Year Financial Highlights1

    • Total revenue was $746 million, up 13%.
    • Subscription revenue was $569 million, up 11%, and represented 76% of total revenue.
    • Marketplace & Other revenue was $177 million, up 21%.
    • GAAP gross profit was $530 million, up 10%, and GAAP gross margin of 71% compressed by 2 percentage points. Non-GAAP gross profit was $550 million, up 12%, and non-GAAP gross margin of 74% compressed by 1 percentage point.
    • GAAP operating income was $5 million compared to $11 million. GAAP operating margin of 1% compressed by 1 percentage point. Non-GAAP operating income was $136 million compared to $105 million. Non-GAAP operating margin of 18% expanded by 2 percentage points.
    • GAAP diluted loss per share was $0.01, and non-GAAP diluted EPS was $1.70.
    • Net cash provided by operating activities was $154 million compared to $106 million.
    • Share repurchases in fiscal 2025 totaled approximately 3.8 million shares for $101 million. As of March 31, 2025, there was $256 million in remaining capacity under the share repurchase authorization that expires on December 31, 2026.

    A reconciliation between GAAP and non-GAAP results is provided in the schedules to this press release.

    Commenting on the results, CEO Scott Howe said: “We had a strong finish to fiscal 2025, with fourth quarter revenue and operating income exceeding our expectations, revenue growing at a double-digit rate and operating cash flow reaching a record high. As we enter fiscal 2026, more so than ever, we are focused on controlling what we can control: Making our platform faster and easier to use; rolling out new functionality, such as our new Cross Media Intelligence measurement solution; helping customers optimize ad spend by harnessing the power of our Data Collaboration Network; and, finally, prudently managing our own costs and growth investments. The near-term macro environment may be uncertain, but we remain confident that in the long-run we can drive sustained growth and shareholder value creation.”

    GAAP and Non-GAAP Results
    The following table summarizes the Company’s financial results for the fiscal 2025 fourth quarter and full year ended March 31, 2025 ($ in millions, except per share amounts):

           
      GAAP   Non-GAAP
      Q4 FY25 FY25   Q4 FY25 FY25
    Subscription revenue $145 $569   — —
    YoY change 9% 11%   — —
    Marketplace & Other revenue $44 $177   — —
    YoY change 14% 21%   — —
    Total revenue $189 $746   — —
    YoY change 10% 13%   — —
               
    Gross profit $131 $530   $136 $550
    % Gross margin 69% 71%   72% 74%
    YoY change (3 pts) (2 pts)   (3 pts) (1 pt)
               
    Operating income (loss) ($12) $5   $23 $136
    % Operating margin (6%) 1%   12% 18%
    YoY change 2 pts (1 pt)   3 pts 2 pts
               
    Net earnings (loss) ($6) ($1)   $20 $115
    Diluted earnings (loss) per share ($0.10) ($0.01)   $0.30 $1.70
               
    Shares to calculate diluted EPS 66.0 66.1   67.5 67.5
    YoY change (1%) (3%)   (1%) (1%)
               
    Net operating cash flow $63 $154   — —
    Free cash flow — —   $62 $153
               
    Totals may not sum due to rounding.
     
     

    A detailed discussion of our non-GAAP financial measures and a reconciliation between GAAP and non-GAAP results is provided in the schedules attached to this press release.

    Additional Business Highlights & Metrics

    • On February 25 we hosted an investor day presentation in San Francisco. The video replay, slide presentation and transcript are available on our investor relations website. Additionally, please see our investor day recap that highlights 10 interesting slides from the presentation, available here.
    • On February 25-27 we hosted our annual customer and partner conference, RampUp, in San Francisco, bringing together more than 2,500 leaders at the intersection of marketing, technology and data science. The event featured product demonstrations and 40+ panels and presentations featuring 110 leaders from some of the largest brands in the world, including Disney, Home Depot, P&G and Uber – to name a few. Video replays of these sessions are available here and an event recap for investors is available here.
    • On February 25 we announced Cross-Media Intelligence, a new capability that enables marketers to better measure and optimize campaigns anywhere their customers are. LiveRamp’s Cross-Media Intelligence is a premier solution for next-generation cross-media measurement, unifying insights across partners and datasets, and delivering actionable, repeatable insights with unmatched speed and precision. With Cross-Media Intelligence, marketers for the first time can access unified, deduplicated reporting across screens and platforms (additional information).
    • On April 22 Google announced that it will no longer roll out a new standalone prompt for consumers to opt-in to third-party cookie tracking on Chrome. LiveRamp’s mission remains the same: Enable best-in-class addressable reach and connectivity across every consumer experience by continuing to develop the largest and most useful data collaboration network. We will use cookies to extend reach on Chrome, while continuing to invest and expand our authenticated ecosystem across cookieless browsers (Safari, Firefox, and Edge), direct publisher integrations, CTV, mobile/gaming, and new AI integrations. Please see our blog post for additional information.
    • On March 6 we announced a workforce restructuring involving approximately 5% of our full-time employees. The restructuring is part of a broader strategic reprioritization to build a stronger, more profitable company by tightening our focus and simplifying and driving efficiency into our business processes. In the fourth quarter we incurred $7.2 million of restructuring and related charges primarily related to employee severance and benefits.
    • LiveRamp ended the year with 128 customers whose annualized subscription revenue exceeds $1 million, compared to 115 in the prior year.
    • LiveRamp ended the year with 840 direct subscription customers, compared to 900 in the prior year.
    • Fourth quarter subscription net retention was 104% and platform net retention was 106%.
    • Fourth quarter annualized recurring revenue (ARR), which is the last month of the quarter fixed subscription revenue annualized, was $504 million, up 8% compared to the prior year period.
    • Current remaining performance obligations (CRPO), which is contracted and committed revenue expected to be recognized over the next 12 months, was $471 million, up 14% compared to the prior year period.

    Financial Outlook

    LiveRamp’s non-GAAP operating income guidance excludes the impact of non-cash stock compensation, purchased intangible asset amortization, and restructuring and related charges.

    For the first quarter of fiscal 2026, LiveRamp expects to report:

    • Revenue of $191 million, an increase of 9%
    • GAAP operating income of $6 million
    • Non-GAAP operating income of $33 million

    For fiscal 2026, LiveRamp expects to report:

    • Revenue of between $787 million and $817 million, an increase of between 6% and 10%
    • GAAP operating income of between $85 million and $89 million
    • Non-GAAP operating income of between $178 million and $182 million

    Conference Call

    LiveRamp will hold a conference call today at 1:30 p.m. PT (4:30 p.m. ET) to further discuss this information. Interested parties are invited to listen to a webcast of the conference, which can be accessed on LiveRamp’s investor site. A slide presentation will be referenced during the call and is available here.

    About LiveRamp

    LiveRamp is a leading data collaboration technology company, empowering marketers and media owners to deliver and measure marketing performance everywhere it matters. LiveRamp’s data collaboration network seamlessly unites data across advertisers, platforms, publishers, data providers, and commerce media networks—unlocking deep insights, delivering transformational consumer experiences, and driving measurable growth.

    Built on a foundation of strict neutrality, interoperability, and global scale, LiveRamp enables organizations to maximize the value of their data while accelerating innovation. Trusted by many of the world’s leading brands, retailers, financial services providers, and healthcare innovators, LiveRamp is helping shape the future of responsible data collaboration in an AI-driven, outcomes-focused world where advertisers reach intended audiences and consumers receive more relevant advertising messages.

    LiveRamp is headquartered in San Francisco, California, with offices worldwide. Learn more at LiveRamp.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended (the “PSLRA”). Forward-looking statements are often identified by words or phrases such as “anticipate,” “estimate,” “plan,” “expect,” “believe,” “intend,” “foresee,” or the negative of these terms or other similar variations thereof, but the absence of these words does not mean that a statement is not forward-looking. These statements, which are not statements of historical fact, include, but are not limited to, the Company’s guidance regarding revenue, GAAP operating loss and Non-GAAP operating income for the first quarter and full year of fiscal 2026 and other similar estimates, assumptions, forecasts, projections and expectations regarding market position, product development, growth opportunities, economic conditions and other future events and trends.

    These forward-looking statements are not guarantees of future performance and are subject to a number of factors and uncertainties that could cause the Company’s actual results and experiences to differ materially from the anticipated results and expectations expressed in the forward-looking statements.

    Among the factors that may cause actual results and expectations to differ from anticipated results and expectations expressed in forward-looking statements are economic uncertainties that could impact us or our suppliers, customers and partners, including, geo-political circumstances, including risk related to tariffs and other trade restrictions, the possibility of a recession, general inflationary pressure and high interest rates; the ability and willingness of our customers to renew their agreements with us upon their expiration; our ability to add new customers and upsell within our subscription business; our reliance upon partners, including data suppliers, who may withdraw or withhold data from us; increased competition and rapidly changing technology that could impact our products and services; the risk that we fail to realize the potential benefits of or have difficulty integrating acquired businesses; and our inability to attract, motivate and retain talent. Additional risks include maintaining our culture and our ability to innovate and evolve while operating in a hybrid work environment, with some employees working remotely at least some of the time within a rapidly changing industry, while also avoiding disruption from reductions in our current workforce as well as disruptions resulting from acquisition, divestiture and other activities affecting our workforce. Our global workforce strategy could possibly encounter difficulty and not be as beneficial as planned. Our international operations are also subject to risks, including the performance of third parties as well as impacts from war and civil unrest, that may harm the Company’s business. The risk of a significant breach of the confidentiality of the information or the security of our or our customers’, suppliers’, or other partners’ data and/or computer systems, or the risk that our current insurance coverage may not be adequate for such a breach, that an insurer might deny coverage for a claim or that such insurance will continue to be available to us on commercially reasonable terms, or at all, could be detrimental to our business, reputation and results of operations. Other business risks include unfavorable publicity and negative public perception about our industry; interruptions or delays in service from data center or cloud hosting vendors we rely upon; and our dependence on the continued availability of third-party data hosting and transmission services. Our clients’ ability to use data on our platform could be restricted if the industry’s use of third-party cookies and tracking technology declines due to technology platform changes, regulation or increased user controls. Continued changes in the judicial, legislative, regulatory, accounting, cultural and consumer environments affecting our business, including but not limited to litigation, investigations, legislation, regulations and customs at the state, federal and international levels relating to information collection and use represents a risk, as well as changes in tax laws and regulations that are applied to our customers which could cause enterprise software budget tightening. In addition, third parties may claim that we are infringing their intellectual property or may infringe our intellectual property which could result in competitive injury and / or the incurrence of significant costs and draining of our resources.

    For a discussion of these and other risks and uncertainties that could affect LiveRamp’s business, reputation, results of operation, financial condition and stock price, please refer to LiveRamp’s filings with the U.S. Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of LiveRamp’s most recently filed Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and subsequent filings.

    The financial information set forth in this press release reflects estimates based on information available at this time.

    LiveRamp assumes no obligation and does not currently intend to update these forward-looking statements.

    To automatically receive LiveRamp financial news by email, please visit www.LiveRamp.com and subscribe to email alerts.

    For more information, contact:

    LiveRamp Investor Relations
    Investor.Relations@LiveRamp.com

    LiveRamp® and RampID™ and all other LiveRamp marks contained herein are trademarks or service marks of LiveRamp, Inc. All other marks are the property of their respective owners.

    ________________________
    1 Unless otherwise indicated, all comparisons are to the prior year period.

                 
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (Unaudited)
    (Dollars in thousands, except per share amounts)
                 
      For the three months ended March 31,
              $ %
      2025     2024     Variance Variance
                 
    Revenues 188,724     171,852     16,872   9.8 %
    Cost of revenue 57,929     47,722     10,207   21.4 %
    Gross profit 130,795     124,130     6,665   5.4 %
    % Gross margin 69.3 %   72.2 %      
                 
    Operating expenses            
    Research and development 45,926     45,161     765   1.7 %
    Sales and marketing 56,961     60,476     (3,515 ) (5.8 )%
    General and administrative 32,175     30,252     1,923   6.4 %
    Gains, losses and other items, net 7,241     2,516     4,725   187.8 %
    Total operating expenses 142,303     138,405     3,898   2.8 %
                 
    Loss from operations (11,508 )   (14,275 )   2,767   19.4 %
    % Margin (6.1 )%   (8.3 )%      
                 
    Total other income, net 4,762     5,070     (308 ) (6.1 )%
    Loss from continuing operations before income taxes (6,746 )   (9,205 )   2,459   26.7 %
    Income tax benefit (479 )   (3,027 )   2,548   84.2 %
    Net earnings from continuing operations (6,267 )   (6,178 )   (89 ) (1.4 )%
                 
    Earnings from discontinued operations, net of tax –     805     (805 ) (100.0 )%
                 
    Net loss (6,267 )   (5,373 )   (894 ) (16.6 )%
                 
    Basic loss per share:            
    Continuing operations (0.10 )   (0.09 )   (0.00 ) (2.0 )%
    Discontinued operations 0.00     0.01     (0.01 ) (100.0 )%
    Basic loss per share (0.10 )   (0.08 )   (0.01 ) (17.3 )%
                 
    Diluted loss per share:            
    Continuing operations (0.10 )   (0.09 )   (0.00 ) (2.0 )%
    Discontinued operations 0.00     0.01     (0.01 ) (100.0 )%
    Diluted loss per share (0.10 )   (0.08 )   (0.01 ) (17.3 )%
                 
    Basic weighted average shares 65,957     66,323        
    Diluted weighted average shares 65,957     66,323        
                 
    Some totals may not sum due to rounding.            
                 
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (Unaudited)
    (Dollars in thousands, except per share amounts)
                 
      For the twelve months ended March 31,
              $ %
      2025     2024     Variance Variance
                 
    Revenues 745,580     659,661     85,919   13.0 %
    Cost of revenue 215,910     179,489     36,421   20.3 %
    Gross profit 529,670     480,172     49,498   10.3 %
    % Gross margin 71.0 %   72.8 %      
                 
    Operating expenses            
    Research and development 176,668     151,201     25,467   16.8 %
    Sales and marketing 213,106     195,693     17,413   8.9 %
    General and administrative 126,499     110,166     16,333   14.8 %
    Gains, losses and other items, net 7,993     11,708     (3,715 ) (31.7 )%
    Total operating expenses 524,266     468,768     55,498   11.8 %
                 
    Income from operations 5,404     11,404     (6,000 ) (52.6 )%
    % Margin 0.7 %   1.7 %      
                 
    Total other income, net 17,436     22,957     (5,521 ) (24.0 )%
    Income from continuing operations before income taxes 22,840     34,361     (11,521 ) (33.5 )%
    Income tax expense 25,342     24,270     1,072   4.4 %
    Net earnings (loss) from continuing operations (2,502 )   10,091     (12,593 ) (124.8 )%
                 
    Earnings from discontinued operations, net of tax 1,688     1,790     (102 ) (5.7 )%
                 
    Net earnings (loss) (814 )   11,881     (12,695 ) (106.9 )%
                 
    Basic earnings (loss) per share:            
    Continuing operations (0.04 )   0.15     (0.19 ) (124.8 )%
    Discontinued operations 0.03     0.03     (0.00 ) (5.5 )%
    Basic earnings (loss) per share (0.01 )   0.18     (0.19 ) (106.9 )%
                 
    Diluted earnings (loss) per share:            
    Continuing operations (0.04 )   0.15     (0.19 ) (125.5 )%
    Discontinued operations 0.03     0.03     (0.00 ) (3.1 )%
    Diluted earnings (loss) per share (0.01 )   0.17     (0.19 ) (107.0 )%
                 
    Basic weighted average shares 66,126     66,266        
    Diluted weighted average shares 66,126     67,918        
                 
    Some totals may not sum due to rounding.            
                 
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP EPS (1)
    (Unaudited)
    (Dollars in thousands, except per share amounts)
                   
      For the three months
    ended March 31,    		   For the twelve months
    ended March 31,
      2025     2024     2025     2024
                   
    Income (loss) from continuing operations before income taxes (6,746 )   (9,205 )   22,840     34,361
    Income tax expense (benefit) (479 )   (3,027 )   25,342     24,270
    Net earnings from continuing operations (6,267 )   (6,178 )   (2,502 )   10,091
    Earnings from discontinued operations, net of tax –     805     1,688     1,790
    Net earnings (loss) (6,267 )   (5,373 )   (814 )   11,881
                   
    Basic earnings (loss) per share (0.10 )   (0.08 )   (0.01 )   0.18
    Diluted earnings (loss) per share (0.10 )   (0.08 )   (0.01 )   0.17
                   
    Excluded items:              
    Purchased intangible asset amortization (cost of revenue) 3,135     3,097     14,415     8,785
    Non-cash stock compensation (cost of revenue and operating expenses) 24,166     24,780     107,979     71,304
    Restructuring and merger charges (gains, losses, and other) 7,241     2,516     7,993     11,708
    Transformation costs (general and administrative) —     —     —     1,875
    Total excluded items from continuing operations 34,542     30,393     130,387     93,672
                   
    Income from continuing operations before income taxes and excluding items 27,796     21,188     153,227     128,033
    Income tax expense (2) 7,759     3,947     38,296     29,882
    Non-GAAP net earnings (loss) from continuing operations 20,037     17,241     114,931     98,151
                   
    Non-GAAP earnings per share from continuing operations              
    Basic 0.30     0.26     1.74     1.48
    Diluted 0.30     0.25     1.70     1.45
                   
    Basic weighted average shares 65,957     66,323     66,126     66,266
    Diluted weighted average shares 67,479     68,471     67,499     67,918
                   
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.
                   
    (2) Non-GAAP income taxes were calculated by applying the estimated annual effective tax rate to year-to-date pretax income or loss and adjusting for discrete tax items in the period. The differences between our GAAP and non-GAAP effective tax rates were primarily due to the net tax effects of the excluded items, coupled with the valuation allowance and smaller pre-tax income for GAAP purposes.
                   
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP INCOME FROM OPERATIONS (1)
    (Unaudited)
    (Dollars in thousands)
                   
      For the three months
    ended March 31,    		   For the twelve months
    ended March 31,
      2025     2024     2025     2024  
                   
    Income (loss) from operations (11,508 )   (14,275 )   5,404     11,404  
    Operating income (loss) margin (6.1 )%   (8.3 )%   0.7 %   1.7 %
                   
    Excluded items:              
    Purchased intangible asset amortization (cost of revenue) 3,135     3,097     14,415     8,785  
    Non-cash stock compensation (cost of revenue and operating expenses) 24,166     24,780     107,979     71,304  
    Restructuring and merger charges (gains, losses, and other) 7,241     2,516     7,993     11,708  
    Transformation costs (general and administrative) –     –     –     1,875  
    Total excluded items 34,542     30,393     130,387     93,672  
                   
    Income from operations before excluded items 23,034     16,118     135,791     105,076  
    Non-GAAP operating income margin 12.2 %   9.4 %   18.2 %   15.9 %
                   
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.
                   
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF ADJUSTED EBITDA (1)
    (Unaudited)
    (Dollars in thousands)
                   
      For the three months
    ended March 31,    		   For the twelve months
    ended March 31,
      2024     2023     2024     2023  
                   
    Net earnings (loss) from continuing operations (6,267 )   (6,178 )   (2,502 )   10,091  
    Income tax expense (benefit) (479 )   (3,027 )   25,342     24,270  
    Total other expense, net (4,762 )   (5,070 )   (17,436 )   (22,957 )
                   
    Income (loss) from operations (11,508 )   (14,275 )   5,404     11,404  
    Depreciation and amortization 3,803     3,823     17,207     11,508  
                   
    EBITDA (7,705 )   (10,452 )   22,611     22,912  
                   
    Other adjustments:              
    Non-cash stock compensation (cost of revenue and operating expenses) 24,166     24,780     107,979     71,304  
    Restructuring and merger charges (gains, losses, and other) 7,241     2,516     7,993     11,708  
    Transformation costs (general and administrative) –     –     –     1,875  
                   
    Other adjustments 31,407     27,296     115,972     84,887  
                   
    Adjusted EBITDA 23,702     16,844     138,583     107,799  
                   
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.
                   
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED BALANCE SHEETS
    (Dollars in thousands)
                 
      March 31   March 31   $ %
      2025     2024     Variance Variance
    Assets            
    Current assets:            
    Cash and cash equivalents 413,331     336,867     76,464   22.7 %
    Restricted cash 595     2,604     (2,009 ) (77.2 )%
    Short-term investments 7,500     32,045     (24,545 ) (76.6 )%
    Trade accounts receivable, net 186,169     190,313     (4,144 ) (2.2 )%
    Refundable income taxes, net 9,708     8,521     1,187   13.9 %
    Other current assets 38,886     31,682     7,204   22.7 %
    Total current assets 656,189     602,032     54,157   9.0 %
                 
    Property and equipment 23,813     25,394     (1,581 ) (6.2 )%
    Less – accumulated depreciation and amortization 17,629     17,213     416   2.4 %
    Property and equipment, net 6,184     8,181     (1,997 ) (24.4 )%
                 
    Intangible assets, net 20,167     34,583     (14,416 ) (41.7 )%
    Goodwill 501,756     501,756     –   – %
    Deferred commissions, net 44,452     48,143     (3,691 ) (7.7 )%
    Other assets, net 30,623     36,748     (6,125 ) (16.7 )%
      1,259,371     1,231,443     27,928   2.3 %
                 
    Liabilities and Stockholders’ Equity            
    Current liabilities:            
    Trade accounts payable 112,271     81,202     31,069   38.3 %
    Accrued payroll and related expenses 50,776     61,575     (10,799 ) (17.5 )%
    Other accrued expenses 38,586     42,857     (4,271 ) (10.0 )%
    Deferred revenue 45,885     30,942     14,943   48.3 %
    Total current liabilities 247,518     216,576     30,942   14.3 %
                 
    Other liabilities 62,994     65,732     (2,738 ) (4.2 )%
                 
    Stockholders’ equity:            
    Preferred stock –     –     –   n/a
    Common stock 15,918     15,594     324   2.1 %
    Additional paid-in capital 2,045,316     1,933,776     111,540   5.8 %
    Retained earnings 1,313,358     1,314,172     (814 ) (0.1 )%
    Accumulated other comprehensive income 4,295     3,964     331   8.4 %
    Treasury stock, at cost (2,430,028 )   (2,318,371 )   (111,657 ) 4.8 %
    Total stockholders’ equity 948,859     949,135     (276 ) (0.0 )%
      1,259,371     1,231,443     27,928   2.3 %
                 
           
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited)
    (Dollars in thousands)
      For the three months
    ended March 31,
      2025     2024  
    Cash flows from operating activities:      
    Net loss (6,267 )   (5,373 )
    Earnings from discontinued operations, net of tax —     (805 )
    Non-cash operating activities:      
    Depreciation and amortization 3,803     3,823  
    Loss on disposal or impairment of assets 44     6  
    Lease-related impairment and restructuring charges (28 )   (546 )
    Gain on sale of strategic investments (515 )   —  
    Loss on marketable equity securities 206     —  
    Provision for doubtful accounts (453 )   1,947  
    Deferred income taxes (496 )   (498 )
    Non-cash stock compensation expense 24,166     24,780  
    Changes in operating assets and liabilities:      
    Accounts receivable, net 25,187     8,700  
    Deferred commissions 46     (3,971 )
    Other assets 4,703     8,514  
    Accounts payable and other liabilities 11,738     (246 )
    Income taxes (523 )   (7,285 )
    Deferred revenue 969     (1,403 )
    Net cash provided by operating activities 62,580     27,643  
    Cash flows from investing activities:      
    Capital expenditures (293 )   (1,791 )
    Cash paid in acquisitions, net of cash received —     (170,281 )
    Purchases of investments —     (24,509 )
    Proceeds from sales of investments —     25,000  
    Proceeds from sale of strategic investment 763     —  
    Net cash provided by (used in) investing activities 470     (171,581 )
    Cash flows from financing activities:      
    Proceeds related to the issuance of common stock under stock and employee benefit plans 202     1  
    Shares repurchased for tax withholdings upon vesting of stock-based awards (1,026 )   (719 )
    Acquisition of treasury stock (25,447 )   (15,177 )
    Net cash used in financing activities (26,271 )   (15,895 )
    Net cash provided by (used in) continuing operations 36,779     (159,833 )
    Cash flows from discontinued operations:      
    From operating activities (798 )   805  
    Net cash provided by (used in) discontinued operations (798 )   805  
    Net cash provided by (used in) continuing and discontinued operations 35,981     (159,028 )
    Effect of exchange rate changes on cash 580     (447 )
           
    Net change in cash, cash equivalents and restricted cash 36,561     (159,475 )
    Cash, cash equivalents and restricted cash at beginning of period 377,365     498,946  
    Cash, cash equivalents and restricted cash at end of period 413,926     339,471  
           
    Supplemental cash flow information:      
    Cash paid for income taxes, net from continuing operations 558     4,905  
    Cash received for income taxes, net from discontinued operations —     (1,258 )
    Cash paid for operating lease liabilities 2,426     2,594  
           
           
    Operating lease assets obtained in exchange for operating lease liabilities —     148  
    Operating lease assets, and related lease liabilities, relinquished in lease terminations (40 )   —  
    Purchases of property, plant and equipment remaining unpaid at period end 20     104  
    Marketable equity securities obtained in disposition of strategic investment 652     —  
    Excise tax payable on net stock repurchases 64     —  
           
           
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited)
    (Dollars in thousands)
      For the twelve months
    ended March 31,
      2025     2024  
    Cash flows from operating activities:      
    Net earnings (loss) (814 )   11,881  
    Earnings from discontinued operations, net of tax (1,688 )   (1,790 )
    Non-cash operating activities:      
    Depreciation and amortization 17,207     11,508  
    Loss on disposal or impairment of assets 85     1,219  
    Lease-related impairment and restructuring charges 14     1,769  
    Gain on sale of strategic investments (515 )   —  
    Loss on marketable equity securities 206     —  
    Provision for doubtful accounts 695     2,254  
    Impairment of goodwill —     2,875  
    Deferred income taxes (447 )   (458 )
    Non-cash stock compensation expense 107,979     71,304  
    Changes in operating assets and liabilities:      
    Accounts receivable, net 3,547     (32,336 )
    Deferred commissions 3,691     (11,113 )
    Other assets 2,105     9,426  
    Accounts payable and other liabilities 3,573     8,508  
    Income taxes 3,430     22,275  
    Deferred revenue 14,897     8,334  
    Net cash provided by operating activities 153,965     105,656  
    Cash flows from investing activities:      
    Capital expenditures (1,042 )   (4,255 )
    Cash paid in acquisitions, net of cash received (1,951 )   (170,281 )
    Purchases of investments (1,967 )   (48,894 )
    Proceeds from sales of investments 26,989     50,750  
    Proceeds from sale of strategic investment 763     —  
    Purchases of strategic investments (1,400 )   (1,000 )
    Net cash provided by (used in) investing activities 21,392     (173,680 )
    Cash flows from financing activities:      
    Proceeds related to the issuance of common stock under stock and employee benefit plans 8,833     7,222  
    Shares repurchased for tax withholdings upon vesting of stock-based awards (10,331 )   (5,835 )
    Acquisition of treasury stock (101,198 )   (60,502 )
    Net cash used in financing activities (102,696 )   (59,115 )
    Net cash provided by (used in) continuing operations 72,661     (127,139 )
    Cash flows from discontinued operations:      
    From operating activities 1,688     1,790  
    Net cash provided by discontinued operations 1,688     1,790  
    Net cash provided by (used in) continuing and discontinued operations 74,349     (125,349 )
    Effect of exchange rate changes on cash 106     372  
           
    Net change in cash, cash equivalents and restricted cash 74,455     (124,977 )
    Cash, cash equivalents and restricted cash at beginning of period 339,471     464,448  
    Cash, cash equivalents and restricted cash at end of period 413,926     339,471  
           
    Supplemental cash flow information:      
    Cash paid for income taxes, net from continuing operations 22,548     2,465  
    Cash received for income taxes, net from discontinued operations (2,486 )   (2,765 )
    Cash received for tenant improvement allowances (2,628 )   —  
    Cash paid for operating lease liabilities 9,798     10,293  
           
           
    Operating lease assets obtained in exchange for operating lease liabilities 2,327     11,825  
    Operating lease assets, and related lease liabilities, relinquished in lease terminations (595 )   (4,486 )
    Purchases of property, plant and equipment remaining unpaid at period end 20     104  
    Marketable equity securities obtained in disposition of strategic investment 652     —  
    Excise tax payable on net stock repurchases 128     —  
           
    LIVERAMP HOLDINGS, INC AND SUBSIDIARIES
    CALCULATION OF FREE CASH FLOW (1)
    (Unaudited)
    (Dollars in thousands)
                           
      6/30/2023 9/30/2023 12/31/2023 3/31/2024 FY2024   6/30/2024 9/30/2024 12/31/2024 3/31/2025 FY2025
                           
    Net cash provided by (used in) operating activities $ 25,693   $ 35,764   $ 16,556   $ 27,643   $ 105,656     $ (9,328 ) $ 55,596   $ 45,117   $ 62,580   $ 153,965  
                           
    Less:                      
    Capital expenditures   (53 )   (200 )   (2,211 )   (1,791 )   (4,255 )     (226 )   (241 )   (282 )   (293 )   (1,042 )
                           
    Free Cash Flow $ 25,640   $ 35,564   $ 14,345   $ 25,852   $ 101,401     $ (9,554 ) $ 55,355   $ 44,835   $ 62,287   $ 152,923  
                           
                           
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.
     
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (Unaudited)
    (Dollars in thousands, except per share amounts)
                              Yr-to-Yr
      FY2024   FY2025   FY2025 to FY2024
      6/30/2023 9/30/2023 12/31/2023 3/31/2024 FY2024   6/30/2024 9/30/2024 12/31/2024 3/31/2025 FY2025   % $
                                 
    Revenues   154,069     159,871     173,869     171,852     659,661       175,961     185,483     195,412     188,724     745,580     13.0 % 85,919  
    Cost of revenue   45,621     41,212     44,934     47,722     179,489       51,749     51,234     54,998     57,929     215,910     20.3 % 36,421  
    Gross profit   108,448     118,659     128,935     124,130     480,172       124,212     134,249     140,414     130,795     529,670     10.3 % 49,498  
    % Gross margin   70.4 %   74.2 %   74.2 %   72.2 %   72.8 %     70.6 %   72.4 %   71.9 %   69.3 %   71.0 %      
                                 
    Operating expenses                            
    Research and development   34,519     33,733     37,788     45,161     151,201       44,118     43,889     42,735     45,926     176,668     16.8 % 25,467  
    Sales and marketing   44,879     44,135     46,203     60,476     195,693       54,175     51,107     50,863     56,961     213,106     8.9 % 17,413  
    General and administrative   26,664     26,009     27,241     30,252     110,166       30,961     31,369     31,994     32,175     126,499     14.8 % 16,333  
    Gains, losses and other items, net   116     6,574     2,502     2,516     11,708       206     397     149     7,241     7,993     (31.7 )% (3,715 )
    Total operating expenses   106,178     110,451     113,734     138,405     468,768       129,460     126,762     125,741     142,303     524,266     11.8 % 55,498  
                                 
    Income (loss) from operations   2,270     8,208     15,201     (14,275 )   11,404       (5,248 )   7,487     14,673     (11,508 )   5,404     (52.6 )% (6,000 )
    % Margin   5.0 %   24.3 %   40.2 %   (31.6 )%   1.7 %     (3.0 )%   4.0 %   7.5 %   (6.1 )%   0.7 %      
                                 
    Total other income, net   4,849     6,431     6,607     5,070     22,957       4,444     4,197     4,033     4,762     17,436     (24.0 )% (5,521 )
                                 
    Income (loss) from continuing operations before income taxes   7,119     14,639     21,808     (9,205 )   34,361       (804 )   11,684     18,706     (6,746 )   22,840     (33.5 )% (11,521 )
    Income tax expense (benefit)   8,705     10,163     8,429     (3,027 )   24,270       6,685     9,952     9,184     (479 )   25,342     4.4 % 1,072  
    Net earnings (loss) from continuing operations   (1,586 )   4,476     13,379     (6,178 )   10,091       (7,489 )   1,732     9,522     (6,267 )   (2,502 )   (124.8 )% (12,593 )
                                 
    Earnings from discontinued operations, net of tax   –     387     598     805     1,790       –     –     1,688     –     1,688     (5.7 )% (102 )
                                 
    Net earnings (loss) $ (1,586 ) $ 4,863   $ 13,977   $ (5,373 ) $ 11,881     $ (7,489 ) $ 1,732   $ 11,210   $ (6,267 ) $ (814 )   (106.9 )% (12,695 )
                                 
    Basic earnings (loss) per share:                            
    Continuing Operations   (0.02 )   0.07     0.20     (0.09 )   0.15       (0.11 )   0.03     0.15     (0.10 )   (0.04 )   (124.8 )% (0.19 )
    Discontinued Operations   0.00     0.01     0.01     0.01     0.03       0.00     0.00     0.03     0.00     0.03     (5.5 )% (0.00 )
    Basic earnings (loss) per share   (0.02 )   0.07     0.21     (0.08 )   0.18       (0.11 )   0.03     0.17     (0.10 )   (0.01 )   (106.9 )% (0.19 )
                                 
    Diluted earnings (loss) per share:                            
    Continuing Operations   (0.02 )   0.07     0.20     (0.09 )   0.15       (0.11 )   0.03     0.14     (0.10 )   (0.04 )   (125.5 )% (0.19 )
    Discontinued Operations   0.00     0.01     0.01     0.01     0.03       0.00     0.00     0.03     0.00     0.03     (3.1 )% (0.00 )
    Diluted earnings (loss) per share   (0.02 )   0.07     0.21     (0.08 )   0.17       (0.11 )   0.03     0.17     (0.10 )   (0.01 )   (107.0 )% (0.19 )
                                 
                                 
    Basic weighted average shares   66,497     66,284     65,961     66,323     66,266       66,621     66,294     65,631     65,957     66,126        
    Diluted weighted average shares   66,497     67,868     67,943     66,323     67,918       66,621     67,309     66,743     65,957     66,126        
                                 
    Some earnings (loss) per share amounts may not add due to rounding.         
                                 
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP EXPENSES (1)
    (Unaudited)
    (Dollars in thousands)
      FY2024   FY2025
      6/30/2023 9/30/2023 12/31/2023 3/31/2024 FY2024   6/30/2024 9/30/2024 12/31/2024 3/31/2025 FY2025
    Expenses:                      
    Cost of revenue 45,621   41,212   44,934   47,722   179,489     51,749   51,234   54,998   57,929   215,910  
    Research and development 34,519   33,733   37,788   45,161   151,201     44,118   43,889   42,735   45,926   176,668  
    Sales and marketing 44,879   44,135   46,203   60,476   195,693     54,175   51,107   50,863   56,961   213,106  
    General and administrative 26,664   26,009   27,241   30,252   110,166     30,961   31,369   31,994   32,175   126,499  
    Gains, losses and other items, net 116   6,574   2,502   2,516   11,708     206   397   149   7,241   7,993  
                           
    Gross profit, continuing operations: 108,448   118,659   128,935   124,130   480,172     124,212   134,249   140,414   130,795   529,670  
    % Gross margin 70.4 % 74.2 % 74.2 % 72.2 % 72.8 %   70.6 % 72.4 % 71.9 % 69.3 % 71.0 %
                           
    Excluded items:                      
    Purchased intangible asset amortization (cost of revenue) 3,290   1,217   1,181   3,097   8,785     3,846   3,748   3,686   3,135   14,415  
    Non-cash stock compensation (cost of revenue) 629   629   817   1,478   3,553     1,596   1,499   1,455   1,615   6,165  
    Non-cash stock compensation (research and development) 5,077   5,293   6,960   9,859   27,189     10,205   10,920   10,085   10,494   41,704  
    Non-cash stock compensation (sales and marketing) 3,736   4,786   4,089   6,337   18,948     7,093   7,383   7,278   5,716   27,470  
    Non-cash stock compensation (general and administrative) 3,850   5,027   5,631   7,106   21,614     9,091   9,266   7,942   6,341   32,640  
    Restructuring charges (gains, losses, and other) 116   6,574   2,502   2,516   11,708     206   397   149   7,241   7,993  
    Transformation costs (general and administrative) 1,875   —   —   —   1,875     —     —   —   —  
    Total excluded items 18,573   23,526   21,180   30,393   93,672     32,037   33,213   30,595   34,542   130,387  
                           
    Expenses, excluding items:                      
    Cost of revenue 41,702   39,366   42,936   43,147   167,151     46,307   45,987   49,857   53,179   195,330  
    Research and development 29,442   28,440   30,828   35,302   124,012     33,913   32,969   32,650   35,432   134,964  
    Sales and marketing 41,143   39,349   42,114   54,139   176,745     47,082   43,724   43,585   51,245   185,636  
    General and administrative 20,939   20,982   21,610   23,146   86,677     21,870   22,103   24,052   25,834   93,859  
                           
    Gross profit, excluding items: 112,367   120,505   130,933   128,705   492,510     129,654   139,496   145,555   135,545   550,250  
    % Gross margin 72.9 % 75.4 % 75.3 % 74.9 % 74.7 %   73.7 % 75.2 % 74.5 % 71.8 % 73.8 %
                           
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.
     
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP EPS (1)
    (Unaudited)
    (Dollars in thousands, except per share amounts)
      FY2024   FY2025
      6/30/2023 9/30/2023 12/31/2023 3/31/2024 FY2024   6/30/2024 9/30/2024 12/31/2024 3/31/2025 FY2025
                           
    Income (loss) from continuing operations before income taxes 7,119   14,639 21,808 (9,205 ) 34,361   (804 ) 11,684 18,706 (6,746 ) 22,840  
    Income tax expense (benefit) 8,705   10,163 8,429 (3,027 ) 24,270   6,685   9,952 9,184 (479 ) 25,342  
    Net earnings (loss) from continuing operations (1,586 ) 4,476 13,379 (6,178 ) 10,091   (7,489 ) 1,732 9,522 (6,267 ) (2,502 )
                           
    Earnings from discontinued operations, net of tax –   387 598 805   1,790   –   – 1,688 –   1,688  
                           
    Net earnings (loss) (1,586 ) 4,863 13,977 (5,373 ) 11,881   (7,489 ) 1,732 11,210 (6,267 ) (814 )
                           
    Earnings (loss) per share:                      
    Basic (0.02 ) 0.07 0.21 (0.08 ) 0.18   (0.11 ) 0.03 0.17 (0.10 ) (0.01 )
    Diluted (0.02 ) 0.07 0.21 (0.08 ) 0.17   (0.11 ) 0.03 0.17 (0.10 ) (0.01 )
                           
    Excluded items:                      
    Purchased intangible asset amortization (cost of revenue) 3,290   1,217 1,181 3,097   8,785   3,846   3,748 3,686 3,135   14,415  
    Non-cash stock compensation (cost of revenue and operating expenses) 13,292   15,735 17,497 24,780   71,304   27,985   29,068 26,760 24,166   107,979  
    Restructuring and merger charges (gains, losses, and other) 116   6,574 2,502 2,516   11,708   206   397 149 7,241   7,993  
    Transformation costs (general and administrative) 1,875   – – –   1,875   –   – – –   –  
    Total excluded items from continuing operations 18,573   23,526 21,180 30,393   93,672   32,037   33,213 30,595 34,542   130,387  
                           
    Income from continuing operations before income taxes and excluding items 25,692   38,165 42,988 21,188   128,033   31,233   44,897 49,301 27,796   153,227  
    Income tax expense (2) 6,167   9,036 10,732 3,947   29,882   7,371   10,745 12,421 7,759   38,296  
    Non-GAAP net earnings from continuing operations 19,525   29,129 32,256 17,241   98,151   23,862   34,152 36,880 20,037   114,931  
                           
    Non-GAAP earnings per share from continuing operations                      
    Basic 0.29   0.44 0.49 0.26   1.48   0.36   0.52 0.56 0.30   1.74  
    Diluted 0.29   0.43 0.47 0.25   1.45   0.35   0.51 0.55 0.30   1.70  
                           
    Basic weighted average shares 66,497   66,284 65,961 66,323   66,266   66,621   66,294 65,631 65,957   66,126  
    Diluted weighted average shares 67,388   67,868 67,943 68,471   67,918   68,463   67,309 66,743 67,479   67,499  
                           
    Some totals may not add due to rounding           
                           
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.
     

     

    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP OPERATING INCOME GUIDANCE (1)
    (Unaudited)
    (Dollars in thousands)
      For the   For the
      quarter ending   year ending
      June 30,
    2025    		   March 31,
    2026
               
          Low   High
               
    GAAP income from operations $ 6,000   $ 85,000   $ 89,000
               
    Excluded items:          
    Purchased intangible asset amortization   3,000     11,000     11,000
    Non-cash stock compensation   24,000     82,000     82,000
    Total excluded items   27,000     93,000     93,000
               
    Non-GAAP income from operations $ 33,000   $ 178,000   $ 182,000
               
               
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.
               
    APPENDIX A
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    Q4 FISCAL 2025 FINANCIAL RESULTS
    EXPLANATION OF NON-GAAP MEASURES AND OTHER KEY METRICS
     
    To supplement our financial results, we use non-GAAP measures which exclude certain acquisition related expenses, non-cash stock compensation and restructuring charges. We believe these measures are helpful in understanding our past performance and our future results. Our non-GAAP financial measures and schedules are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated GAAP financial statements. Our management regularly uses these non-GAAP financial measures internally to understand, manage and evaluate our business and to make operating decisions. These measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is also based in part on the performance of our business based on these non-GAAP measures.
     
    Our non-GAAP financial measures, including non-GAAP earnings (loss) per share, non-GAAP income (loss) from operations, non-GAAP operating income (loss) margin, non-GAAP expenses and adjusted EBITDA reflect adjustments based on the following items, as well as the related income tax effects when applicable:
     
    Purchased intangible asset amortization: We incur amortization of purchased intangibles in connection with our acquisitions. Purchased intangibles include (i) developed technology, (ii) customer and publisher relationships, and (iii) trade names. We expect to amortize for accounting purposes the fair value of the purchased intangibles based on the pattern in which the economic benefits of the intangible assets will be consumed as revenue is generated. Although the intangible assets generate revenue for us, we exclude this item because this expense is non-cash in nature and because we believe the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding our operational performance.
     
    Non-cash stock compensation: Non-cash stock compensation consists of charges for employee restricted stock units, performance shares and stock options in accordance with current GAAP related to stock-based compensation including expense associated with stock-based compensation related to unvested options assumed in connection with our acquisitions. As we apply stock-based compensation standards, we believe that it is useful to investors to understand the impact of the application of these standards to our operational performance. Although stock-based compensation expense is calculated in accordance with current GAAP and constitutes an ongoing and recurring expense, such expense is excluded from non-GAAP results because it is not an expense that typically requires or will require cash settlement by us and because such expense is not used by us to assess the core profitability of our business operations.
     
    Restructuring charges: During the past several years, we have initiated certain restructuring activities in order to align our costs in connection with both our operating plans and our business strategies based on then-current economic conditions. As a result, we recognized costs related to termination benefits for employees whose positions were eliminated, lease and other contract termination charges, and asset impairments. These items, as well as third party expenses associated with business acquisitions in the prior years, reported as gains, losses, and other items, net, are excluded from non-GAAP results because such amounts are not used by us to assess the core profitability of our business operations.
     
    Transformation costs: In previous years, we incurred significant expenses to separate the financial statements of our operating segments, with particular focus on segment-level balance sheets, and to evaluate portfolio priorities. Our criteria for excluding transformation expenses from our non-GAAP measures is as follows: 1) projects are discrete in nature; 2) excluded expenses consist only of third-party consulting fees that we would not incur otherwise; and 3) we do not exclude employee related expenses or other costs associated with the ongoing operations of our business. We substantially completed those projects during the third quarter of fiscal year 2018. Beginning in the fourth quarter of fiscal 2018, and through most of fiscal 2019, we incurred transaction support expenses and system separation costs related to the Company’s announced evaluation of strategic options for its Marketing Solutions (AMS) business. In the first and second quarters of fiscal 2021 in response to the potential COVID-19 pandemic impact on our business and again during fiscal 2023 in response to macroeconomic conditions, we incurred significant costs associated with the assessment of strategic and operating plans, including our long-term location strategy, and assistance in implementing the restructuring activities as a result of this assessment.  Our criteria for excluding these costs are the same. We believe excluding these items from our non-GAAP financial measures is useful for investors and provides meaningful supplemental information.
     
    Our non-GAAP financial schedules are:
     
    Non-GAAP EPS, Non-GAAP Income from Operations, and Non-GAAP expenses: Our Non-GAAP earnings per share, Non-GAAP income from operations, Non-GAAP operating income margin, and Non-GAAP expenses reflect adjustments as described above, as well as the related tax effects where applicable.
     
    Adjusted EBITDA: Adjusted EBITDA is defined as net income from continuing operations before income taxes, other income and expenses, depreciation and amortization, and including adjustments as described above. We use Adjusted EBITDA to measure our performance from period to period both at the consolidated level as well as within our operating segments and to compare our results to those of our competitors. We believe that the inclusion of Adjusted EBITDA provides useful supplementary information to and facilitates analysis by investors in evaluating the Company’s performance and trends. The presentation of Adjusted EBITDA is not meant to be considered in isolation or as an alternative to net earnings as an indicator of our performance.
     
    Free Cash Flow: To supplement our statement of cash flows, we use a non-GAAP measure of cash flow to analyze cash flows generated from operations. Free cash flow is defined as operating cash flow less capital expenditures. Management believes that this measure of cash flow is meaningful since it represents the amount of money available from continuing operations for the Company’s discretionary spending. The presentation of non-GAAP free cash flow is not meant to be considered in isolation or as an alternative to cash flows from operating activities as a measure of liquidity.
     

    PDF available: http://ml.globenewswire.com/Resource/Download/d38f8ec4-85ab-47f8-b916-e99c4789ac26 

    The MIL Network –

  • MIL-OSI: Prospera Energy Announces Financing & Operations Update and Q1 2025 Financials

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, May 21, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera”, “PEI” or the “Corporation”)

    Financing Update
    Prospera Energy is pleased to announce it has secured commitments for $3 million, with a substantial portion coming from company insiders through the recently announced convertible debenture and existing financing instruments. The funding is specifically earmarked for the recently initiated capital program and will be released in multiple tranches. This financing reflects strong internal alignment and confidence in Prospera’s strategic business plan. The capital injection accelerates the Corporation’s operational plans and positions it for continued production growth momentum throughout the summer. The recently announced convertible debenture offering remains open, presenting a timely opportunity for investors to participate alongside insiders as Prospera advances its execution strategy.

    Operational Update
    Service rig activity has begun at Cuthbert, with capital allocated to five well workovers (including a high impact horizontal well remediation from the 2023 drilling program), multiple water injector cleanouts and continued infrastructure upgrades. At Luseland, a five-well reactivation program is planned with equipment ordered and preparations started to build five single well batteries (“SWB”).

    The polymer flood pilot site has been finalized following reservoir analysis, injection capability & compatibility assessments, and source water confirmation. Lab and core analysis is now in progress with leading polymer partners as Prospera advances toward execution.

    Prospera has completed its Q1 2025 reserves update, which reflect a $5 million increase in PDP reserves, now totaling $33 million —strengthening net asset value and capital-raising capacity.

    Live Webinar to Accompany Q1 2025 Financial Results
    Stakeholders are encouraged to join Prospera Energy for a live investor webinar on May 22nd, 2025, at 10:00 AM MST, where management will review Q1 2025 financial results, key operational milestones, and the Company’s strategic direction: Click here to register.

    Q1 2025 Financials
    In the first quarter of 2025, Prospera deployed $2.3 million of reactivation focused capital towards twenty-seven wells within its core, 100% owned Hearts Hill and Luseland properties. This program resulted in an additional production capability of 249 boe/d at an average capital efficiency of $9,317/boe. The full benefit of the Q1 capital program is expected to be realized in Q2 with all of the wells being online. Additionally, Prospera successfully advanced several strategic initiatives during the quarter, including:

       
    1) Secured Additional Term Debt Funding
    Obtained $3.3 million in additional advances pursuant to the term debt financing agreement executed in July 2024. This strategic funding enhances liquidity and supports the Corporation’s ongoing development and optimization programs.
       
    2) Acquisition of White Tundra Petroleum
    On March 6, 2025, the Corporation entered into an agreement to acquire 100% of the issued and outstanding common shares of White Tundra Petroleum (“WTP”), whose assets are located near Loyalist and Hanna, Alberta.

    This related party transaction—due to the Corporation’s Executive Chairman also serving as WTP’s CEO and a shareholder—includes consideration of 18,000,000 Prospera common shares, contingent upon WTP achieving 85 boe/d for three consecutive days, and the assumption of $645,000 in debt. An additional 7,312,500 performance-based shares may be issued if production reaches 128 boe/d for seven consecutive days within six months of closing. The transaction, subject to TSXV approval, is expected to close on June 1, 2025.
       
    3)  Convertible Debt Settlement
    On March 6, 2025, the Corporation reached a settlement agreement with the holders of $1,500,000 in convertible debt maturing on March 26, 2025. The agreement includes:
     
    1. Refinancing the principal into a 12-month, $1,500,000 promissory note bearing 12% interest, with $250,000 monthly repayments beginning six months post-issuance. Interest will be paid as a balloon payment at the end of the term.
    2. $200,000 of the total $559,375 accrued interest payable on the convertible debentures will be settled through the issuance of a 12-month convertible note bearing 12% interest, convertible into common shares of the Corporation at $0.05 per share. The Corporation retains the right to settle the convertible note in cash by providing thirty days notice, during which time the holder retains the right to convert.
    3. the remaining $359,375 of accrued interest payable will be settled through the issuance of 8,984,371 common shares of the Corporation at a deemed price of $0.04 per share, subject to TSXV acceptance.
    4) Corporate Workforce Optimization
    Prospera completed a workforce optimization initiative that streamlined corporate decision-making and improved operational efficiency. This resulted in reductions in staffing, office, software, parking, and other G&A-related costs.
       

    Operational highlights for Q1 2025 are as follows:

    • PEI realized average net sales of 660 boe/d in Q1 2025, an increase of 3% from Q1 2024 net sales of 640 boe/d; an increase of 6% from Q4 2024 net sales of 625 boe/d .
    • Sales revenue was $4,598,472 ($77.33/boe) in Q1 2025 compared to $3,932,190 ($67.44/boe) in Q1 2024, representing a 17% increase.
    • Operating costs per boe increased 54% in Q1 2025 at $59.46 per boe compared $38.69 per boe in Q1 2024. Costs were higher due to multiple unplanned electricity outages, one-time infrastructure and road upgrades, bringing field equipment to baseline operating conditions followed by enhanced maintenance programs, health and safety upgrades, and additional costs associated with extreme cold weather experienced during the quarter.
    • PEI earned an operating netback of $627,266 ($10.55/boe) in Q1 2025 compared to $1,608,373 ($27.56/boe) in Q1 2024; $153,901 ($2.68/boe) in Q4 2024.

    About Prospera
    Prospera Energy Inc. is a publicly traded Canadian energy company specializing in the exploration, development, and production of crude oil and natural gas. Headquartered in Calgary, Alberta, Prospera is dedicated to optimizing recovery from legacy fields using environmentally safe and efficient reservoir development methods and production practices. The company’s core properties are strategically located in Saskatchewan and Alberta, including Cuthbert, Luseland, Hearts Hill, and Brooks. Prospera Energy Inc. is listed on the TSX Venture Exchange under the symbol PEI and the U.S. OTC Market under GXRFF.

    Prospera reports gross production at the first point of sale, excluding gas used in operations and volumes from partners in arrears, even if cash proceeds are received. Gross production represents Prospera’s working interest before royalties, while net production reflects its working interest after royalty deductions. These definitions align with ASC 51-324 to ensure consistency and transparency in reporting.
    It is important to note that BOEs (barrels of oil equivalent) may be misleading, particularly if used in isolation. The BOE conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

    For Further Information:

    Shawn Mehler, PR
    Email: investors@prosperaenergy.com

    Chris Ludtke, CFO
    Email: cludtke@prosperaenergy.com

    Shubham Garg, Chairman of the Board
    Email: sgarg@prosperaenergy.com

    FORWARD-LOOKING STATEMENTS
    This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will,” “may,” “should,” “anticipate,” “expects” and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

    Although Prospera believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prospera can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

    The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Prospera. As a result, Prospera cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward- looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Prospera does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

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

    The MIL Network –

  • MIL-OSI: NowVertical Group Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Company Hosting Investor Webinar on Thursday May 22, 2025, at 10:00 AM EST

    • Q1 2025 revenue was $10.4 million, up 23% Y/Y excluding recent divestitures
    • Q1 2025 Income from Operations was $1.5 million, up 1,253% Y/Y excluding recent divestitures
    • Q1 2025 Adjusted EBITDA was $2.5 million, up 119% Y/Y excluding recent divestitures

    TORONTO, May 21, 2025 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSX-V: NOW) (“NOW” or the “Company”), a leader in AI-driven data solutions, announces financial results for its first fiscal quarter ended March 31, 2025. Unless otherwise specified, all dollar amounts are expressed in U.S. dollars. Management will host an investor webinar at 10:00 AM EST (7:00 AM PST) on Thursday May 22nd, to discuss the Company’s financial and business results.

    Selected Financial Highlights for the Three Months Ended March 31, 2025:

    • Revenue was $10.4 million in the three months ended March 31, 2025 (“Q1 2025”), a 20% decrease from $12.9 million for the three months ending March 31, 2024 (“Q1 2024”). Excluding the disposition of Allegient Defense, Inc. (“Allegient”) on May 24, 2024, Q1 2024 revenue was $8.4 million, translating to a year-over-year growth of 23%.
    • Gross Profit was $5.1 million in Q1 2025, a 15% decrease from $6.0 million in Q1 2024. Excluding the Allegient business, Q1 2024 gross profit was $4.5 million, translating to a year-over year increase of 15%.
    • Administrative Expenses were $3.6 million in Q1 2025, a 38% decrease from $5.8 million in Q1 2024. Excluding the Allegient business, Q1 2024 administrative expenses were $4.6 million, translating to a year-over-year decrease of 22%.
    • Income from Operations was $1.5 million in Q1 2025, a 660% increase from $0.2 million in Q1 2024. Excluding the Allegient business, Q1 2024 had a Loss from Operations of $0.1 million, translating to a year-over-year increase of 1,253%.
    • Adjusted EBITDA was $2.5 million in Q1 2025, a 69% increase from $1.5 million in Q1 2024. Excluding the Allegient business, Adjusted EBITDA was $1.2 million in Q1 2024, translating to a year-over-year increase of 119%.
    • Net Loss was $0.7 million in Q1 2025, a 55% decrease from $1.5 million in Q1 2024. Excluding the Allegient business, Net Loss was $1.9 million in Q1 2024, translating to a year-over-year decrease of 63%.

    “NOW again delivered a strong quarter and continues to demonstrate its transformation into a business defined by consistency, stability, and sustainable performance. Q1 2025 marks our fifth consecutive quarter of continuous growth and operational improvement, underscoring our momentum across the business,” said Sandeep Mendiratta, CEO of NOW. “We delivered Adjusted EBITDA of $2.5 million, representing an EBITDA margin of 24%, in line with our $10 million annual run-rate target. Our 23% year-over-year revenue growth is a direct result of disciplined execution and a sharpened operational focus. We have successfully renegotiated acquisition-related liabilities, unlocking an estimated $5.4 million in cash savings and improving our payment schedules. These efforts have strengthened our balance sheet and position us for sustained organic revenue growth with strong margins across our core markets.”

    Q1 2025 and Subsequent Business Highlights:

    • May 13, 2025: Announced that the company was named Qlik Latin America Channel Growth Partner of the Year 2024. The award highlights NOW’s ability to scale customer impact and accelerate business value.
    • May 08, 2025:  Announced its UK operations have been recognised as a Google Cloud Premier Partner, the highest designation within the Google Cloud Partner Advantage programme.
    • April 22, 2025: The company announced that further to its news release on March 10, 2025, it has settled aggregate of CAD$35,220.62 representing the net amount of certain bonus entitlements owing to certain employees through the issuance of an aggregate of 93,917 Class A Subordinate voting shares in the capital of the Company
    • April 17, 2025: NOW announced the launch of its flagship Data Catalyst Solution on the Microsoft Azure Marketplace, reinforcing the Company’s strategic positioning at the intersection of enterprise AI, data infrastructure modernisation, and Microsoft ecosystem expansion.
    • April 14, 2025: The company announced that it will be presenting at the Planet MicroCap Showcase: VEGAS 2025 in partnership with MicroCapClub.
    • April 08, 2025: Announced that it has received the 2025 Google Cloud Data & Analytics Partner of the Year award for Latin America.
    • April 01, 2025: NOW announced its 2024 record financial results.

    Q1 2025 Financial Results Investor Webinar:

    The Company invites shareholders, analysts, investors, media representatives, and other stakeholders to attend our upcoming webinar. Management will discuss Q1 2025 results, followed by a question-and-answer session.

    Investor Webinar Registration:

    Time: Thursday, May 22, 2025, 10:00 AM in Eastern Time (US and Canada)

    Registration Link: 
    https://us02web.zoom.us/webinar/register/WN_81iVl2rzQrS7E0lJ7xjlPA

    A recording of the webinar and supporting materials will be made available in the investor’s section of the Company’s website at https://www.nowvertical.com/news-and-media.

    Additional Information:

    The Company’s first quarter 2025 condensed consolidated interim financial statements, notes to financial statements, and management’s discussion and analysis for the three ended March 31, 2025, are available on the Company’s SEDAR+ profile at www.sedarplus.com. Unless otherwise indicated, all references to “$” in this press release refer to US dollars, and all references to “CAD$” in this press release refer to Canadian dollars.

    About NowVertical Group Inc.

    The Company is a data analytics and AI solutions company offering comprehensive solutions, software and services. As a global provider, we deliver cutting-edge data, technology, and artificial intelligence (AI) applications to private and public enterprises. Our solutions form the bedrock of modern enterprises, converting data investments into business solutions. NOW is growing organically and through strategic acquisitions. For further details about NOW, please visit www.nowvertical.com.

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

    For further information, please contact:

    Andre Garber, CDO 
    IR@nowvertical.com 
    +1(647)947-0223 

    Investor Relations:  
    Bristol Capital Ltd.
    Stefan Eftychiou
    stefan@bristolir.com
    +1(905)326-1888 x60 

    Cautionary Note Regarding Non-IFRS Measures:

    This news release refers to certain non-IFRS measures. These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of the Company’s results of operations from management’s perspective. The Company’s definitions of non-IFRS measures used in this news release may not be the same as the definitions for such measures used by other companies in their reporting. Non-IFRS measures have limitations as analytical tools and should not be considered in isolation nor as a substitute for analysis of the Company’s financial information reported under IFRS. The Company uses non IFRS financial measures including “EBITDA”, and “Adjusted EBITDA”. These non-IFRS measures are used to provide investors with supplemental measures of our operating performance and to eliminate items that have less bearing on our operational performance or operating conditions and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS measures. The Company believes that securities analysts, investors and other interested parties frequently use non-IFRS financial measures in the evaluation of issuers. The Company’s management also uses non-IFRS financial measures to facilitate operating performance comparisons from period to period and prepare annual budgets and forecasts.

    Non-IFRS Measures:

    The non-IFRS financial measures referred to in this news release are defined below. The management discussion and analysis for the three months ended March 31, 2025, available at nowvertical.com and on SEDAR+ at www.sedarplus.com contains supporting calculations for Adjusted Revenue, EBITDA % and Adjusted EBITDA

    “Adjusted EBITDA” adjusts net income (loss) before depreciation and amortization expenses, net interest costs, and provision for income taxes for revenue adjustments in “Adjusted Revenue” and items such as acquisition accounting adjustments, transaction expenses related to acquisitions, transactional gains or losses on assets, asset impairment charges, non-recurring expense items, non-cash stock compensation costs, and the full year impact of cost synergies related to restructuring activities, such as a reduction of employees.

    “EBITDA %” is defined as Adjusted EBITDA as a percentage of Adjusted Revenue.

    “Adjusted Revenue” adjusts revenue to eliminate the effects of acquisition accounting on the Company’s revenues, which predominantly pertain to fair market value adjustments to the opening deferred revenue balances of acquired companies.

    Cautionary note regarding Forward-Looking Statements

    This news release may contain forward-looking statements and forward-looking information (within the meaning of applicable securities laws) which reflect the Company’s current expectations regarding future events. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements are not guarantees of future performance and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

    All of the forward-looking statement contained in this press release are qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward -looking statements contained herein are provided as of the date hereof, and the Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.

    The MIL Network –

  • MIL-OSI Canada: Construction begins on student housing at SFU, more child care on the way

    Source: Government of Canada regional news

    Students, staff and the surrounding community are one step closer to more on-campus supports at Simon Fraser University (SFU) – Burnaby as construction starts on a new student residence and will begin later this year on a new child care facility.  

    “A safe and secure place to live and conveniently located child care can be transformative for students and parents working or studying on campus,” said Bowinn Ma, Minister of Infrastructure. “These new facilities will provide shorter commute times, allow students to focus on their studies and help ease pressure on the local rental market.  Projects like this are one way we are investing in infrastructure that supports people in B.C.”

    The new eight-storey residence will provide an additional 445 beds for students at the Burnaby campus. It will include a mix of studio and four-bedroom apartments, as well as two- and four-bedroom townhouses. Construction is expected to start in fall 2025 on a stand-alone child care centre, which will add 160 new child care spaces to more than 410 existing spaces in the Burnaby campus and at SFU’s Sapperton location. With these new spaces, more than 570 child care spaces will provide support to the SFU community.

    Once complete, the residence will bring the total number of student beds on the SFU Burnaby campus to more than 3,000.  

    “I have met with many students at post-secondary campuses in B.C., and access to housing and child care are big factors when deciding if they can afford to build a better life for themselves,” said Anne Kang, Minister of Post-Secondary Education and Future Skills. “Since 2018, our government has made historic investments in student housing, making it easier for thousands of students across the province to gain the skills they need to fill the in-demand jobs our economy needs.”

    Construction is expected to be completed on the student-housing residence and child care facility in fall 2027. The total capital cost of the project is $196.6 million, shared between the Province and SFU.

    This project is Phase 3 of SFU’s ongoing student-housing expansion. Phases 1 and 2 added a combined 856 new beds for students, with funding for Phase 2 provided by the Province.

    “Watching the Phase 3 site come to life has reinforced how vital new student housing is for our community,” said Ali Asgar Abdul Udaipurwala, a fourth-year undergraduate student at SFU’s Beedie School of Business, who lives in residence at the Burnaby campus. “As a community adviser and area co-ordinator, I have loved planning late-night events, movie nights and study breaks in our halls. I am excited for Phase 3 to become our next home away from home.”

    Since 2018, the government has committed $2 billion to expand on-campus student housing at public post-secondary institutions throughout B.C. To date, 6,100 beds for students are open, with another 4,600 underway.

    Since 2018, ChildCareBC’s space-creation programs have helped fund the creation of more than 40,900 new licensed child care spaces in B.C., with more than 24,900 of those operational. This child care project received $16 million through the ChildCareBC New Spaces Fund, which is jointly supported by provincial investments and federal funding provided under the 2021-22 to 2025-26 Canada-British Columbia Canada-wide Early Learning and Child Care Agreement. British Columbia and the federal government signed an extension to the agreement for 2026-27 to 2030-31.

    Quotes:

    Joy Johnson, president, Simon Fraser University –

    “We are grateful for the Province’s continued investment in student housing and child care across the province. I look forward to continued growth of SFU’s resident student community on Burnaby Mountain and to continued partnership with the provincial government as we move forward. The post-secondary sector is united in our efforts to support British Columbians in tackling shared challenges, from housing to health care and beyond, as we make a difference for students and for communities across B.C.”

    Rohini Arora, parliamentary secretary for child care, and MLA for Burnaby East –

    “Creating 160 new child care spaces on SFU campus, where hard-working students, families and single parents can easily access the care they need, is one of the ways we are helping Burnaby get ahead. By ensuring parents, especially mothers, can access high-quality child care in Burnaby while attending higher education or working, we are setting both this generation and the next up for success.”

    Learn More:

    For more information about Simon Fraser University, visit: https://www.sfu.ca/

    MIL OSI Canada News –

  • MIL-OSI USA: Rep. Clyde Leads Letter Requesting Risk Assessment of Chatuge Dam & Economic Impact Analysis for Spillway Safety Modifications

    Source: United States House of Representatives – Representative Andrew S. Clyde (R-GA)

    GAINESVILLE, GA — Today, Reps. Andrew Clyde (GA-09) and Chuck Edwards (NC-11) sent a letter to Tennessee Valley Authority (TVA) President and CEO Don Moul advocating for a sensible approach to address Chatuge Dam spillway safety concerns. Additionally, the lawmakers requested critical information central to the modifications, including the TVA’s completed risk assessment and a comprehensive economic impact analysis of each proposal. 

    Reps. Clyde and Edwards highlight the potential economic impacts that TVA’s current proposals would have on their communities:

    “We are writing to express our grave concern regarding the proposed Chatuge Dam Spillway Safety Modifications at Lake Chatuge, which is located in both of our districts. While we recognize the critical importance of ensuring the safe operation of Chatuge Dam – and safeguarding the many residents living in the valleys below – we urge you to carefully consider the potential economic impacts that any lake drawdowns would have on the residents and small business owners of the mountain communities of Hiawassee, Georgia, and Hayesville, North Carolina. These towns and surrounding mountain communities rely heavily on Lake Chatuge’s recreational tourism during the summer months to sustain their rural economies.”

    The lawmakers detail how devastating a potential lake drawdown would be for North Georgia and Western North Carolina:

    “…the proposals outlined by the TVA for potential repairs include lake drawdowns to an elevation as low as 1,908 feet – 10 feet below the normal winter pool – for the entire duration of the construction project, with some proposals expected to last as long as eight years. Such drawdowns would devastate the rural, mountain economies of surrounding towns, including Hiawassee, Georgia and Hayesville, North Carolina – leading to the shuttering of small businesses, the displacement of rural workers, and the upending of these communities for decades to come. For example, a 2021 assessment by the University of Georgia found that Towns County’s tourism-related output was $117.4 million, supporting 1,362 jobs or approximately 24% of county employment, and generated $30.8 million in wages.”

    Additionally, the lawmakers share their constituents’ serious concerns about the TVA’s proposals: 

    “Residents across Towns County, Georgia and Clay County, North Carolina have contacted our offices to express serious concerns about the potential economic impacts of the TVA’s proposed lake drawdowns on their small businesses and financial futures.

    “One constituent shared how the proposed drawdown would diminish the time they cherish with friends and family on the lake. A local business owner, whose livelihood depends on Lake Chatuge’s seasonal tourism, wrote about the devastating economic consequences an eight-year drawdown would have for Towns County: ‘Implementing a drawdown of this magnitude and duration threatens to eliminate thousands of jobs… bankrupt numerous businesses… [and] erode the tax base.’”

    In closing, Reps. Clyde and Edwards request critical information central to the TVA’s spillway modification proposals:

    “Specifically, we request that the Tennessee Valley Authority:

    • Publish the TVA’s completed risk assessment of the Chatuge Dam;
    •  Commission a comprehensive economic impact analysis for each proposal outlined in the April 2025 Notice of Intent (NOI);
    •   Explore mitigation measures that would minimize economic harm, such as restricting drawdowns to recreation off-seasons.


    “We further ask that the TVA maintain full transparency in its communications with our offices and with the residents of surrounding communities throughout the Lake Chatuge dam modification process. We look forward to working with local officials, stakeholders, and TVA to reach the best solution that effectively balances the safety of spillway operations and the continued economic prosperity of our mountain communities.”

    Read the full letter HERE.

    Background

    A recent TVA study identified a key vulnerability in the spillway of Chatuge Dam. While the conditions of the current spillway are not an emergency, the TVA is aiming to improve the safety of the spillway to reduce the risk of the dam’s long-term operations. The TVA study has judged the spillway at Chatuge Dam exhibits some of the vulnerabilities that led to the damage and failure of the Oroville Dam spillway in California. To address the issue, the agency announced four potential alternatives for a long-term solution.

    Last month, Rep. Clyde visited the Chatuge Dam with Towns County Sole Commissioner Cliff Bradshaw, Towns County EMA Director Marty Roberts, and members of Rep. Chuck Edwards’ staff to meet with Tennessee Valley Authority officials and discuss the TVA’s proposed plans to address spillway safety concerns.

    Additional information on the Tennessee Valley Authority receiving public input on Chatuge Dam safety modifications can be found HERE.

    Details on the TVA’s notice of intent, including proposed plans, is available in the Federal Register HERE.

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Clyde Leads Letter Requesting Risk Assessment of Chatuge Dam & Economic Impact Analysis for Spillway Safety Modifications

    Source: United States House of Representatives – Representative Andrew S. Clyde (R-GA)

    GAINESVILLE, GA — Today, Reps. Andrew Clyde (GA-09) and Chuck Edwards (NC-11) sent a letter to Tennessee Valley Authority (TVA) President and CEO Don Moul advocating for a sensible approach to address Chatuge Dam spillway safety concerns. Additionally, the lawmakers requested critical information central to the modifications, including the TVA’s completed risk assessment and a comprehensive economic impact analysis of each proposal. 

    Reps. Clyde and Edwards highlight the potential economic impacts that TVA’s current proposals would have on their communities:

    “We are writing to express our grave concern regarding the proposed Chatuge Dam Spillway Safety Modifications at Lake Chatuge, which is located in both of our districts. While we recognize the critical importance of ensuring the safe operation of Chatuge Dam – and safeguarding the many residents living in the valleys below – we urge you to carefully consider the potential economic impacts that any lake drawdowns would have on the residents and small business owners of the mountain communities of Hiawassee, Georgia, and Hayesville, North Carolina. These towns and surrounding mountain communities rely heavily on Lake Chatuge’s recreational tourism during the summer months to sustain their rural economies.”

    The lawmakers detail how devastating a potential lake drawdown would be for North Georgia and Western North Carolina:

    “…the proposals outlined by the TVA for potential repairs include lake drawdowns to an elevation as low as 1,908 feet – 10 feet below the normal winter pool – for the entire duration of the construction project, with some proposals expected to last as long as eight years. Such drawdowns would devastate the rural, mountain economies of surrounding towns, including Hiawassee, Georgia and Hayesville, North Carolina – leading to the shuttering of small businesses, the displacement of rural workers, and the upending of these communities for decades to come. For example, a 2021 assessment by the University of Georgia found that Towns County’s tourism-related output was $117.4 million, supporting 1,362 jobs or approximately 24% of county employment, and generated $30.8 million in wages.”

    Additionally, the lawmakers share their constituents’ serious concerns about the TVA’s proposals: 

    “Residents across Towns County, Georgia and Clay County, North Carolina have contacted our offices to express serious concerns about the potential economic impacts of the TVA’s proposed lake drawdowns on their small businesses and financial futures.

    “One constituent shared how the proposed drawdown would diminish the time they cherish with friends and family on the lake. A local business owner, whose livelihood depends on Lake Chatuge’s seasonal tourism, wrote about the devastating economic consequences an eight-year drawdown would have for Towns County: ‘Implementing a drawdown of this magnitude and duration threatens to eliminate thousands of jobs… bankrupt numerous businesses… [and] erode the tax base.’”

    In closing, Reps. Clyde and Edwards request critical information central to the TVA’s spillway modification proposals:

    “Specifically, we request that the Tennessee Valley Authority:

    • Publish the TVA’s completed risk assessment of the Chatuge Dam;
    •  Commission a comprehensive economic impact analysis for each proposal outlined in the April 2025 Notice of Intent (NOI);
    •   Explore mitigation measures that would minimize economic harm, such as restricting drawdowns to recreation off-seasons.


    “We further ask that the TVA maintain full transparency in its communications with our offices and with the residents of surrounding communities throughout the Lake Chatuge dam modification process. We look forward to working with local officials, stakeholders, and TVA to reach the best solution that effectively balances the safety of spillway operations and the continued economic prosperity of our mountain communities.”

    Read the full letter HERE.

    Background

    A recent TVA study identified a key vulnerability in the spillway of Chatuge Dam. While the conditions of the current spillway are not an emergency, the TVA is aiming to improve the safety of the spillway to reduce the risk of the dam’s long-term operations. The TVA study has judged the spillway at Chatuge Dam exhibits some of the vulnerabilities that led to the damage and failure of the Oroville Dam spillway in California. To address the issue, the agency announced four potential alternatives for a long-term solution.

    Last month, Rep. Clyde visited the Chatuge Dam with Towns County Sole Commissioner Cliff Bradshaw, Towns County EMA Director Marty Roberts, and members of Rep. Chuck Edwards’ staff to meet with Tennessee Valley Authority officials and discuss the TVA’s proposed plans to address spillway safety concerns.

    Additional information on the Tennessee Valley Authority receiving public input on Chatuge Dam safety modifications can be found HERE.

    Details on the TVA’s notice of intent, including proposed plans, is available in the Federal Register HERE.

    MIL OSI USA News –

  • MIL-OSI USA: Durbin Delivers Opening Statement During Senate Judiciary Committee Nominations Hearing On Four Executive. Branch Nominees

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin
    May 21, 2025
    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, today delivered an opening statement during a Senate Judiciary Committee hearing on the nominations of Joseph Edlow, to be Director of United States Citizenship and Immigration Services (USCIS); Elliot Gaiser, to be Assistant Attorney General for the Office of Legal Counsel (OLC); John Squires, to be Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office (USPTO); and Stanley Woodward, to be Associate Attorney General. Durbin’s opening statement focused on whether the nominees’ allegiance is to the President or to the rule of law.
    Key Quotes:
    “Earlier this year, I asked Justice Department nominees a simple question: may a public official defy a court order? Shockingly, the nominees, including the future Solicitor General John Sauer, refused to give an unequivocal answer. Just days ago, Mr. Sauer repeated this egregious error before the Supreme Court. During arguments in the case challenging the President’s illegal birthright citizenship executive order, Justice Barrett, …a Trump nominee, asked Mr. Sauer if the Administration would follow circuit court rulings. Mr. Sauer responded that the federal government’s policy is to ‘generally respect circuit precedent but not necessarily in every case.’ As our colleague Senator Kennedy said earlier this year, ‘don’t ever, ever, take the position that you’re not going to follow the order of a federal court. Ever.’”
    “Mr. Gaiser has been nominated to lead the Office of Legal Counsel, which provides legal advice to the President and all executive branch agencies. I want to hear whether he believes that the policy of the federal government [should be] to ignore court rulings that don’t suit the President’s whims.”
    “Beyond unlawfully attempting to end birthright citizenship, which is enshrined in the Constitution, the Administration has made it harder for legal immigrants to apply for citizenship and naturalize. This Administration has made it harder for Dreamers, who want to do the right thing. Now these were kids who were brought to the United States by their parents… They want to apply for programs like DACA so that they can receive work permits and continue to contribute to the American economy. I am disappointed to hear that Mr. Edlow, nominated to lead USCIS, opposes DACA, when even President Trump claims that he doesn’t want to deport Dreamers. Despite his personal opinions, I want to hear how Mr. Edlow will ensure that USCIS will promptly process DACA applications of eligible Dreamers.”
    “In the name of carrying out Trump’s mass deportation agenda, Attorney General Bondi has made DOJ a shell of itself. Thousands of federal law enforcement agents have been diverted from preventing drug trafficking and violent crime to deporting immigrants who pose no threat to our safety. Mr. Woodward, nominated to be the number three official at the Justice Department, would oversee Justice Department grantmaking, the Civil Rights Division, and many other components that are now under attack.”
    “The Justice Department, at the direction of DOGE, took their chainsaw to hundreds of millions of dollars in federal grants to support public safety and our police. Programs supporting violence reduction, victims’ services, child protection, and substance use and mental health treatment have been gutted… For nearly 70 years, under Republican and Democratic Administrations alike, the Civil Rights Division protected the civil and constitutional rights of all Americans. Once known as the ‘crown jewel’ of the Justice Department, it has now been reduced to litigating a narrow set of cases aligned with the MAGA agenda. This is anathema to how this Division has operated historically.”
    “I want to hear from Mr. Woodward whether the Justice Department will continue to capitulate or if he will help restore the Justice Department to its intended function—to protect the safety and rights of all Americans.”
    Video of Durbin’s opening statement is available here.
    Audio of Durbin’s opening statement is available here.
    Footage of Durbin’s opening statement is available here for TV Stations.
    -30-

    MIL OSI USA News –

  • MIL-OSI: Helium Evolution Announces Voting Results From Annual General & Special Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, May 21, 2025 (GLOBE NEWSWIRE) — Helium Evolution Incorporated (TSXV:HEVI) (“HEVI” or the “Company“), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, is pleased to report that all matters presented for approval at its annual general and special meeting of shareholders held on May 21, 2025 (the “Meeting“) were approved. A total of 47,824,360 common shares representing 42.59% of the Company’s issued and outstanding common shares were voted in person or represented by proxy at the Meeting.

    The shareholders voted in favour of all matters set out in the Company’s Management Information Circular dated April 7, 2025 (the “Circular”), including creating a new control person in ENEOS Xplora USA Limited, with greater than 98% of votes in favour. Additionally, the shareholders voted in favour of the election of all seven director nominees of HEVI for the ensuing year or until his or her successor is elected or appointed. Each nominee received greater than 99% of votes in favour.  

    At the Meeting, shareholders also approved: (1) fixing the number of directors of the Company for the ensuing year at seven; (2) appointing KPMG LLP as the auditors of the Company for the ensuing year and authorizing the directors to fix the remuneration to be paid to the auditors; and (3) approving and confirming the rolling 10% stock option plan of the Company, as more particularly described in the Company’s Circular.

    Stay Connected to Helium Evolution

    Shareholders and other parties interested in learning more about the Helium Evolution opportunity are encouraged to visit the Company’s website, which includes an updated corporate presentation, and are invited to follow the Company on LinkedIn and X for ongoing corporate updates and helium industry information. Helium Evolution also provides an extensive, commissioned ‘deep-dive’ research report prepared by a third party whose background includes serving as a research analyst for several bank-owned and independent investment dealers.

    About Helium Evolution Incorporated

    Helium Evolution is a Canadian-based helium exploration company holding the largest helium land rights position in North America among publicly-traded companies, focused on developing assets in southern Saskatchewan. The Company has over five million acres of land under permit near proven discoveries of economic helium concentrations which will support scaling the exploration and development efforts across its land base. HEVI’s management and board are executing a differentiated strategy to become a leading supplier of sustainably-produced helium for the growing global helium market.

    For further information, please contact:

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

    The MIL Network –

  • MIL-OSI USA: Chairman Mast Delivers Opening Remarks at Hearing on FY26 State Department Posture

    Source: US House Committee on Foreign Affairs

    Media Contact 202-321-9747

    WASHINGTON, D.C. – Today, House Foreign Affairs Committee Chairman Brian Mast delivered opening remarks at a full committee hearing titled, “FY26 State Department Posture: Protecting American Interests.”

    Watch Here

    -Remarks-

    Since day one, President Trump and yourself, you’ve taken bold action to clean house, to restore accountability, to slash waste, and to put America—and Americans—first. I would say that this was desperately needed.

    In the past two decades alone, the State Department’s budget grew from about $9.5 billion to over $55 billion. And I think we could all easily say: for what? In any way, shape, or form did our foreign policy feel like it was five times more effective under Joe Biden? I think everybody would say no.

    Instead, we had a State Department that was literally a slush fund for many far-left bureaucrats, grifting non-government organizations, and foreign adversaries like the Taliban. We had our tax dollars went to things like vouchers for migrants at our southern border, mobilizing elderly lesbians to vote in Costa Rica, as well as drag shows, LGBT comic books, musicals, plays, and operas.

    That stuff was not PEPFAR, to say the least. It didn’t make America safer. It didn’t make America stronger. It didn’t bring other countries closer to us, and it didn’t save lives.

    Now, many of my colleagues might think that canceling these programs creates an inroad for China. I would say we could only hope that China is stupid enough to spend money in that way.

    I want to thank this administration for bringing charges against those who, it appears, were stealing from the State Department and USAID—and, in turn, the American people.

    And I want to thank you, Secretary Rubio, for reorganizing the State Department into a lean and effective diplomatic operation.

    Let’s give proof of that.

    Just this past week alone, President Trump secured more than $2 trillion of investment from the Middle East. That is more than ten times what Joe Biden secured from the Middle East during his entire four years in the White House—which is not entirely surprising, considering under the Biden State Department, millions were spent on programs like trans inclusion in Tunisia. That was the focus in the Middle East.

    Now, as you know, Secretary Rubio, the job is not done. Up until now, over 80% of the State Department has been unauthorized. We have bureaus and offices that have grown from thousands of dollars to billions of dollars, and that changes in law when we pass the first comprehensive and stand-alone State Department reauthorization that has occured since 2002.

    I look forward to working with the members of this committee. I look forward to working with you, Secretary Rubio, and I look forward to working with Senator Risch, moving forward, to make sure that one thing—and one thing alone—takes place: Every single dollar and diplomat that we authorize and send into the field puts America first.

    ###

    MIL OSI USA News –

  • MIL-Evening Report: Playing the crime card: do law and order campaigns win votes in Australia?

    Source: The Conversation (Au and NZ) – By Chloe Keel, Lecturer in Criminology and Criminal Justice, Griffith University

    Crime and public safety are usually the domain of state politics. But the Coalition tried to elevate them as key issues for voters in the recent federal election.

    Claiming crime had been “allowed to fester” under Labor, the opposition promised a A$750 million Operation Safer Communities plan, which included police strike teams targeting drugs, a national child sex offender register, and more money for Neighbourhood Watch.

    A Coalition government would also have given grants to community groups to install public lighting, bollards and CCTV cameras.

    But in the end, crime did not appear to be a deciding factor in the election, which was easily won by Labor.

    What does that tell us about leveraging public fear – either existing crime fears and general anxieties, or latent concerns that can be triggered – for political gain in Australia? Can it be a successful strategy?

    Stoking anxiety

    In culturally diverse countries, such as Australia and the United States, law and order rhetoric sometimes calls for supporting aggressive crime policies at the expense of racial and ethnic minorities, many of whom are immigrants.

    These policies can be effective in stoking public fear to win votes. US President Donald Trump’s exhortations on immigration and crime were a significant part of his election campaigns in 2016 and 2024.

    However, what experts call “protective factors”, such as strong communities and social cohesion, are important. They can reduce the influence of political narratives that try to define crime in narrowly punitive or racialised terms.

    Australia is not America

    Our peer-reviewed research, which will be published in the Journal of Criminology, investigated how public concerns about crime and safety in Australia and the US were associated with demographic factors that evolved over time. The study drew on data from the World Values Survey and indicated key differences in what makes Australians and Americans feel unsafe.

    We have found that in Australia in 2018, supporters of left-leaning parties (Labor/Green) reported feeling significantly safer than other voters. However, this gap disappeared when researchers took into account attitudes that blame crime problems on immigrants. This suggests immigrant-blaming in Australia can drive feelings of community fear and insecurity.

    The World Values Survey uncovered a different pattern in the US.

    Between 2011 and 2017, Republican voters reported feeling safer than other Americans – the opposite of Australia’s trend. The political divide in the US couldn’t be explained by immigrant-blaming attitudes. Rather, it was attributed to the “self-isolation” of American conservatives in more culturally homogeneous communities.

    Our study indicated that while immigration continued to influence safety perceptions in the US, it appeared to operate through different mechanisms than in Australia. Racial and ethnic minorities reported greater fear as the 2010s unfolded.

    Social connectedness also plays differently in each country. In Australia, trust in others and confidence in public institutions consistently influences safety perceptions. In the US, these factors have little impact.

    Social scientists have observed that in modern societies, responsibility for personal safety has increasingly shifted from the government to individuals. This trend is strong in the US, where market-focused, neoliberal economic and social policies dominate policies.

    By contrast, European research suggests stronger social welfare systems can reduce safety concerns by addressing underlying economic anxieties. Australia’s more robust social support appears to foster greater feelings of safety.

    Our research indicates social cohesion further helps reduce fear.

    Crime fears are not a vote winner

    Electoral strategies that seek to leverage public insecurities need to be understood in the context of these fear-mitigating factors. Media diversity can also counter fear-based messaging.

    In the 2018 Victorian election, crime became a prominent political issue through racialised commentary targeting “African gangs”. However, it failed to gain decisive political traction.

    Research found fear of crime was relatively rare in Victoria. Media reports of crime and comments by political leaders were distant from their own experiences

    With more diverse news sources and online platforms, political actors can no longer promote narratives unopposed. Fear-based messaging can backfire, especially when it overreaches.

    Outdated strategy

    Perceptions of crime are often shaped by a combination of actual crime rates and broader anxieties about social change, cultural difference, and uncertainty. This is frequently expressed as unease about the increasing presence of culturally diverse groups.

    While the coalition’s pivot to law-and-order rhetoric represented a familiar strategy, Labor positioned itself as the party of unity. This was underscored by Foreign Minister Penny Wong’s declaration after Labor won the election, in which she acknowledged

    […] the power in our 26 million people from more than 300 ancestries […] from the oldest continuing civilisation on the planet and I acknowledge the traditional owners. Friends, we love this country.

    Foreign Minister Penny Wong on election night.

    While harnessing fears of crime and cultural diversity was not effective in this election cycle, this is not the end of law and order politics. But the unique characteristics of this election appear to have rendered the formula less potent.

    Trump’s threat to democracy and the constitutional rule of law in the US may have fostered a sense of solidarity and social cohesion among Australian voters. Our research suggests this helped to mitigate fears about crime.

    The temptation to capitalise on law and order may continue to appeal to politicians. But in Australia, at least, there is no guarantee it will work.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Playing the crime card: do law and order campaigns win votes in Australia? – https://theconversation.com/playing-the-crime-card-do-law-and-order-campaigns-win-votes-in-australia-256780

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Best Same Day Payday Loans for Quick Cash in 2025: MoneyMutual Picked as the Top Pick for Guaranteed Approval

    Source: GlobeNewswire (MIL-OSI)

    Las Vegas, NV, May 21, 2025 (GLOBE NEWSWIRE) —

    In today’s unpredictable economy, financial emergencies rarely come with a warning. A sudden car repair, medical bill, or missed paycheck can send even the most prepared households into a scramble. In such moments, speed isn’t just convenient, it’s essential.

    As Americans increasingly turn to fast, flexible lending options, the demand for same-day payday loans has surged. Just as we expect rapid food delivery and real-time updates, financial solutions must also keep pace. Consumers want cash in hand, not tomorrow, but today.

    Amid a crowded field of lenders and brokers, MoneyMutual has emerged as the leading online platform connecting borrowers with trusted same-day payday loan providers. Recognized for its efficiency, wide lender network, and secure process, MoneyMutual stands out as the top choice for those seeking fast financial relief in a pinch.

    Stay with us as we take a closer look at how MoneyMutual works and why it’s become the go-to resource for same-day lending solutions in 2025.

    >> Consider MoneyMutual for Same Payday Loans >>

    Overview of the Leading Same Day Payday Loan Connection Service – MoneyMutual

    When time is of the essence and financial relief can’t wait, MoneyMutual stands at the forefront of same-day payday loan connection services. With a reputation built on speed, simplicity, and trust, the platform offers a fast and accessible route for borrowers seeking immediate financial support.

    Speed of Potential Funding: One of MoneyMutual’s standout features is its ability to facilitate rapid access to funds, often as soon as the same business day. After submitting a short application, borrowers are swiftly connected with a lender from the platform’s expansive network. If approved, funds can be deposited directly into the applicant’s bank account within hours, depending on the lender’s processing times and bank policies.
    Extensive Lender Network: MoneyMutual doesn’t issue loans directly. Instead, it acts as a trusted intermediary, linking users to an array of verified online payday lenders. This expansive network increases the chances of loan approval by matching borrower needs with the criteria of various lending partners.

    >> Visit MoneyMutual to Find Out More >>

    Key Evaluation Factors

    To determine why MoneyMutual stands out among same-day payday loan connection services, several key factors were assessed, from lender quality to user experience.

    Quality and Size of Lender Network
    MoneyMutual partners with over 60 lenders, ranging from specialized payday providers to short-term installment loan companies. These are vetted for reliability and compliance, offering borrowers a better shot at finding a match tailored to their financial situation.

    Accessibility of Loan Options
    The platform supports a broad range of loan amounts, typically between $100 and $5,000, depending on individual lender terms and borrower qualifications. This flexibility accommodates everything from small emergencies to more urgent, moderate expenses.

    Potential for Rapid Funding
    Once connected with a lender, borrowers may receive funds as quickly as within 24 hours, and in some cases, the same day. This makes MoneyMutual a highly attractive option for those facing time-sensitive financial stressors.

    Platform Usability
    The MoneyMutual website is designed for ease and efficiency, featuring mobile compatibility and streamlined navigation. Borrowers can apply, review offers, and connect with lenders all within minutes.

    Simple Application Process
    Filling out MoneyMutual’s secure online form typically takes under five minutes. Applicants provide basic information about their income, employment status, and banking details. Once submitted, the platform immediately begins matching them with potential lenders.

    Features for Borrowers
    MoneyMutual allows users to compare loan offers from multiple lenders in one place. This increases transparency and empowers users to select the option that best meets their needs.

    Transparency of Lender Terms
    While MoneyMutual itself doesn’t dictate terms, it emphasizes partnerships with lenders that clearly disclose loan amounts, repayment dates, APRs, and fees, a crucial feature in helping borrowers make informed decisions.

    Ease of Navigation
    The website features a clean, modern interface with clear calls-to-action and informative content. Even first-time users will find it intuitive to use on desktop or mobile.

    Typical Loan Parameters
    Loan amounts facilitated through MoneyMutual generally range from $100 to $5,000, with repayment periods often between 14 and 30 days, depending on the lender and state regulations. Some lenders may offer extended terms for installment loans.

    >> Consider MoneyMutual for Same Payday Loans >>

    Pros and Cons of MoneyMutual for Same Day Payday Loans

    In a financial climate where speed often matters most, MoneyMutual has emerged as a go-to marketplace for borrowers seeking same day payday loans. But how does it really stack up? We take a closer look at the platform’s key advantages and potential drawbacks as more Americans turn to short-term lending for emergency expenses.

    Pros:

    • Potential for Fast Fund Access: Many users report receiving funds as soon as the next business day, sometimes even within hours, depending on the lender.
    • Large Network of Participating Lenders: MoneyMutual connects users with a broad pool of lenders, increasing the chances of finding a match, even with less-than-perfect credit.
    • Streamlined Online Application Process: The initial form takes just minutes to complete, making it ideal for time-sensitive borrowing needs.
    • User-Friendly Online Platform: The website is simple to navigate, guiding applicants from inquiry to lender match with minimal friction.
    • Opportunity to Compare Multiple Loan Offers: Users can review different offers and select terms that best align with their needs before committing.

    Cons:

    • MoneyMutual Is Not a Direct Lender: The platform acts as a facilitator, meaning users must evaluate and finalize terms with third-party lenders independently.
    • Loan Terms and Interest Rates Vary by Lender: APRs, repayment windows, and fees differ widely, and borrowers must scrutinize each offer carefully.
    • Payday Loans Typically Involve High Interest Rates and Fees: Even when fast cash is needed, these loans can become costly, especially if rolled over or extended.

    How to Utilize MoneyMutual for Potential Same Day Payday Loans

    As financial pressures grow for millions of Americans, platforms like MoneyMutual are seeing increased usage from borrowers in need of quick cash. Here’s how consumers can navigate the service to potentially access same day payday loans.

    Step-by-Step Process:

    • Visit the Official MoneyMutual Website: Begin by going to MoneyMutual.com, where users can start the loan inquiry process directly from the homepage.
    • Complete the Secure Online Application Form: Applicants are asked to enter basic personal and financial information. The form typically takes just a few minutes and is encrypted to protect sensitive data.
    • Review Loan Offers from Lenders in the Network: Once submitted, the system distributes the application to a network of participating payday lenders. Eligible borrowers may receive multiple offers to compare.
    • Examine Terms and Conditions Carefully Before Accepting: Each lender sets its own rates, fees, and repayment requirements. Experts caution that borrowers should read all terms closely and ensure they understand the total repayment cost before agreeing to any loan.

    With no obligation to accept an offer, MoneyMutual serves as a free intermediary rather than a direct lender. However, borrowers should be aware of state-specific payday loan regulations and consider all financial alternatives before proceeding.

    Types of Short-Term Financial Assistance Facilitated by MoneyMutual

    As rising costs and inflation strain household budgets, Americans are increasingly turning to alternative lending platforms for fast, flexible cash solutions. Among them, MoneyMutual has gained traction as a major online marketplace that connects borrowers with lenders offering a variety of short-term financial products. While the platform itself isn’t a direct lender, it facilitates access to multiple loan types tailored for immediate financial relief.

    Here’s a closer look at the key types of loans available through the MoneyMutual network:

    • Payday Loans: These are brief, high-cost loans intended to cover expenses until the borrower’s next paycheck. Loan amounts are typically small, often between $100 and $1,000, but carry high interest rates and fees. While controversial due to their cost, payday loans remain a common solution for those facing sudden emergencies like utility shutoff notices or medical expenses.
    • Short-Term Loans: This broader category includes installment loans and other forms of lending with short durations, usually ranging from a few weeks to several months. These loans may offer slightly more favorable repayment terms than traditional payday loans and can be used for a variety of needs, such as auto repairs, rent payments, or temporary income disruptions.
    • Bad Credit Loans: For borrowers with low credit scores or limited credit history, MoneyMutual helps facilitate access to lenders willing to work with higher-risk applicants. These loans come with elevated interest rates but offer a vital financial lifeline to consumers often excluded from traditional banking systems.
    • Cash Advances: Cash advances are designed for rapid disbursement, sometimes within 24 hours, and are ideal for extremely time-sensitive expenses. Typically repaid from the borrower’s next paycheck, these loans are often used to bridge the gap between pay periods or when an unexpected cost arises.

    While these financial products can offer short-term relief, experts caution they should be used carefully. Borrowers are urged to read loan terms closely, understand all associated fees, and assess whether repayment timelines align with their income schedule. Platforms like MoneyMutual may provide access, but financial responsibility lies squarely with the borrower.

    Customer Support and Resources Offered by MoneyMutual

    As more consumers turn to online lending marketplaces for fast financial relief, support and transparency have become increasingly important. MoneyMutual offers a basic but functional support system designed to guide users through the lending process.

    Unlike direct lenders, MoneyMutual serves as an intermediary, connecting users with its network of more than 60 short-term lenders. Because of this, its customer support doesn’t extend to loan management or repayment issues, which must be handled directly with the individual lender. However, the platform does provide users with access to key resources that help clarify how the loan matching process works.

    The company maintains a comprehensive FAQ section on its website, offering clear answers to common questions about eligibility, the loan request process, credit requirements, and fund disbursement. The site also outlines what borrowers can expect after being matched with a lender and encourages users to review terms carefully before signing any agreement.

    The platform doesn’t offer live chat or in-depth financial education tools, it emphasizes its role as a free service to connect borrowers with loan offers, placing the responsibility of further communication and decision-making on the user.

    Potential Disbursement Methods Through MoneyMutual’s Network

    As more consumers turn to online lending platforms for fast financial relief, how those funds are delivered becomes just as critical as loan approval itself. MoneyMutual, one of the most recognized payday loan marketplaces, connects borrowers with a wide range of lenders, each offering different methods of disbursing funds.

    • Direct Deposit to Bank Account: The most widely used and efficient method among lenders in the MoneyMutual network is direct deposit. Once approved, borrowers may receive funds directly into their checking account, often within 24 hours. For many facing urgent expenses, this speed and convenience are a significant advantage.
    • Other Methods (Varies by Lender): While direct deposit remains the standard, some lenders may offer alternative electronic disbursement options, such as ACH transfers or prepaid debit card funding. However, availability can vary by lender and borrower location, and these alternatives may affect how quickly funds are accessible.

    Borrowers using MoneyMutual should confirm disbursement methods and timelines directly with their matched lender to ensure there are no delays in accessing their funds.

    Navigating Same Day Payday Loans Responsibly: Important Cautions

    Same day payday loans can serve as a financial lifeline in moments of crisis, but they must be approached with caution. The high interest rates, short repayment terms, and risk of repeat borrowing make them a risky option for most consumers. 

    By understanding the costs, reading loan terms carefully, and seeking alternative financial solutions where possible, borrowers can protect themselves from unnecessary financial hardship. Responsible borrowing begins with informed decision-making, and when in doubt, seeking professional financial guidance is always a wise move.

    Understand the High Costs
    Same day payday loans may provide fast funds, but they are among the most expensive forms of borrowing available. These loans typically carry high interest rates, with annual percentage rates (APRs) that can reach or exceed 300%. 

    In many cases, the fees and interest owed may be nearly as much as the original loan amount. For example, borrowing $300 could cause repaying $375 or more in just two weeks. Without a clear repayment strategy, the costs can escalate quickly, especially if the borrower is forced to extend or roll over the loan.

    Review Loan Terms Carefully
    Payday loans are legally required to disclose all terms and fees, but borrowers often overlook the fine print. Each lender may have different repayment policies, fees for late or missed payments, or clauses that allow for automatic withdrawal from a borrower’s checking account. 

    Carefully reviewing these terms before accepting a loan is essential. Understanding the total repayment amount, due date, and what happens if repayment is delayed can help prevent surprises and avoid spiraling fees.

    Borrow Only What You Can Repay
    It may tempt you to borrow the maximum amount offered, especially when facing financial stress. However, payday loans are due in full within a short timeframe, usually on your next payday. Borrowing more than you can reasonably afford to repay can quickly result in bounced payments, overdraft fees, or the need to take out additional loans.

    A good rule of thumb is to borrow the minimum amount needed and ensure that full repayment can be made from your next paycheck without jeopardizing other essential expenses.

    Be Aware of Short Repayment Periods
    Unlike personal loans or credit cards that allow for flexible monthly payments, payday loans are typically due in a lump sum within 14 to 30 days. This compressed repayment window can strain already tight budgets.

    Missing the repayment deadline can trigger additional fees and result in a cycle of borrowing and debt accumulation. Many borrowers find themselves having to take out new payday loans just to cover the previous ones, further increasing financial stress.

    Consider Alternatives First
    Before committing to a payday loan, it’s worth exploring other, less expensive borrowing options. Credit unions often offer Payday Alternative Loans (PALs), which feature lower interest rates and longer repayment periods. Some banks provide small-dollar personal loans with predictable terms. 

    Other alternatives include negotiating payment plans with utility companies, seeking temporary hardship assistance from local nonprofits, or utilizing buy now, pay later services for specific purchases. These alternatives may not offer instant cash, but they typically come with fewer long-term risks and better repayment flexibility.

    Recognize the Risk of Debt Traps
    One of the most concerning aspects of payday loans is the potential for borrowers to fall into a debt trap. Many payday loan users find themselves unable to repay the full balance on time and must take out another loan to cover the previous one. This cycle of borrowing and repayment often continues for months, with fees compounding at every step. 

    Over time, a small loan can grow into a major debt burden, affecting a borrower’s ability to meet other financial obligations and damaging their overall financial stability.

    Seek Financial Advice if Needed
    For those considering payday loans or currently struggling with repayment, seeking help from a financial advisor or credit counselor can be a valuable step. Nonprofit credit counseling agencies offer free or low-cost services that include budgeting support, debt management plans, and guidance on safer borrowing options. 

    Some states and local governments also provide financial education programs to help consumers better understand loan terms and credit usage. Accessing these resources can provide long-term financial strategies that reduce reliance on high-cost, short-term loans.

    Frequently Asked Questions

    If you’re considering a same-day payday loan, it’s important to understand exactly how these loans work, what they cost, and what to expect from the process. Below are answers to the most common questions borrowers ask before applying.

    What Is a Same-Day Payday Loan?
    A same-day payday loan is a short-term, high-interest loan designed to give borrowers quick access to cash, usually on the same day they apply. These loans are used to cover urgent expenses such as medical bills, car repairs, or unexpected utility payments. The loan amount is usually small (often between $100 and $1,000) and must be repaid in full on your next payday, usually within two to four weeks.

    How Quickly Can I Get the Money?
    If approved, many lenders can deposit funds into your bank account within a few hours or by the end of the business day. However, actual timing depends on when you apply, the lender’s processing speed, and your bank’s deposit policies. Some lenders offer instant funding or same-day direct deposit if applications are submitted early in the day, while others may require overnight processing.

    Do I Need Good Credit to Get a Same-Day Payday Loan?
    No, same-day payday loans are generally accessible to borrowers with poor credit or no credit history at all. Most lenders don’t perform hard credit checks and instead focus on your income, employment status, and ability to repay the loan. Proof of a steady income, a valid ID, and an active checking account are typically the main requirements for approval.

    What Are the Costs Associated With Same-Day Payday Loans?
    Same-day payday loans can be very expensive. While the fees may seem modest upfront, the annual percentage rates (APRs) can reach 300% or more. For example, a $300 loan with a $45 fee for two weeks equates to a 391% APR. Failing to repay the loan on time can lead to additional fees, interest, and in some cases, collection activity. Always review the full cost of borrowing before committing.

    Can I Extend or Roll Over My Payday Loan If I Can’t Repay It on Time?
    Some lenders may offer extensions or rollovers, which allow you to delay repayment by paying an additional fee. However, this often leads to a cycle of debt, as the interest continues to accrue. Rolling over a loan once or multiple times can double or even triple your repayment obligation. If you’re struggling to repay, it’s best to contact the lender early and explore options, or seek help from a nonprofit credit counselor to avoid escalating costs.

    Editorial Note
    This article is provided solely for informational and entertainment purposes. Nothing within should be interpreted as legal, financial, or professional advice. Readers should carry out their own research before participating in payday loans.

    Affiliate Transparency
    This article may include affiliate links. If you click on a link and make a purchase or register, a commission may be earned, at no extra cost to you.

    Syndication and Liability Disclaimer
    Any third-party publishers, media platforms, or syndication partners that republish this content do so understanding that it’s meant for informational purposes only. These entities aren’t responsible for the legality, relevance, or interpretation of the material.

    Contact

    • Company: MoneyMutual
    • Address: 2510 E. Sunset Rd. Ste 6, #85 Las Vegas NV, 89120
    • Email: customerservice@moneymutual.com
    • Phone Support: 844-276-2063

    Attachment

    The MIL Network –

  • MIL-OSI: F&M Bank Promotes Eric D. Faust to Executive Vice President

    Source: GlobeNewswire (MIL-OSI)

    ARCHBOLD, Ohio, May 21, 2025 (GLOBE NEWSWIRE) — F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), is proud to announce the promotion of Eric D. Faust to Executive Vice President. Faust has served as the bank’s Chief Risk Officer since 2022, where he has led significant advancements in enterprise risk and regulatory compliance.

    In his role, Mr. Faust has successfully built F&M’s comprehensive risk and compliance team, integrated regulatory compliance more deeply into strategic decision-making, and enhanced the bank’s oversight structures. His efforts have helped ensure F&M continues to meet evolving regulatory expectations while maintaining a strong foundation for safe and sound growth.

    Prior to joining F&M, Mr. Faust served as First Vice President and Director of Risk Management at Northstar Financial Group in Wyoming, Michigan. He also held the position of Examination Manager for the State of Michigan’s Department of Insurance and Financial Services. He holds an MBA from Davenport University and a Bachelor of Science in Business Administration from Central Michigan University.

    “Eric’s promotion to Executive Vice President is a testament to his leadership and deep understanding of risk and compliance in today’s banking environment,” said Lars Eller, President and CEO of F&M. “He has played a vital role in strengthening our risk culture and ensuring we remain responsive and resilient in a highly regulated landscape.”

    Mr. Faust resides in Grand Rapids, Michigan, and will continue to lead F&M’s risk and compliance efforts in his expanded role.

    About F&M Bank:
    F&M Bank is a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in Troy, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

    Safe harbor statement
    Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

    Company Contact: Investor and Media Contact:
    Lars B. Eller
    President and Chief Executive Officer
    Farmers & Merchants Bancorp, Inc.
    (419) 446-2501
    leller@fm.bank    		 Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com
       

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/492467f9-4e52-45e6-a6fc-3278cf80cea0

    The MIL Network –

  • MIL-OSI: Best Mobile Tracking & Monitoring App 2025: mSpy Review – Top Mobile Spy App for Hidden Phone Surveillance

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, May 21, 2025 (GLOBE NEWSWIRE) — In the contemporary era of digitization, the ubiquity of smartphones has redefined our modes of communication and global connectivity.

    Concomitant with this technological progress, the surge of phone surveillance applications has emerged, granting a window into the undertakings and engagements transpiring on these gadgets.

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    While phone surveillance software wields considerable potential within certain contexts, it is imperative to undertake their employment with a discerning consciousness of accountability and ethical considerations.

    Observing the current landscape, it becomes evident that social media platforms and mobile devices have assumed roles of paramount significance in the contemporary child’s life. Per findings unveiled by the Common Sense Census, a notable 84% of American adolescents within the age cohort of 13 to 18 acquired their initial smartphone during the year 2019. Subsequently, these youths dedicated an average of precisely 7 hours and 22 minutes daily, exclusively engrossed in social media applications and websites.

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    While the internet undeniably furnishes global youngsters with a commendable avenue for unfettered education and communication, it has concurrently engendered a milieu wherein they engage with individuals entirely unfamiliar to them. This virtual realm’s essence necessitates an appraisal of the electronic safety quotient. Young minds stand perpetually exposed to online perils, ranging from cyberbullying and harassment to the insidious realm of sextortion. Beyond this, extensive social media usage harbors the potential to precipitate internet dependency, potentially culminating in social interaction deficits amongst the youthful demographic.

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    Advancements in technology are progressing rapidly, and the pervasive presence of smartphones is evident across diverse age groups. People spanning from children to adults rely on various applications and mobile services to facilitate their daily routines. The desire to ensure your children’s well-being in the digital realm, gather pertinent information from your spouse’s mobile device, or optimize workforce efficiency might lead to the inclination of discreetly and autonomously monitoring a specific individual’s Android device.

    However, not all of these options prove to be efficient and valuable. Among the array of spy applications we evaluated, mSpy emerged as our paramount selection after meticulous scrutiny. 

    Why Mobile Tracking Apps Are in High Demand in 2025
    The need for mobile tracking and monitoring apps has surged in 2025. With nearly everyone relying on smartphones for work, social interaction, and entertainment, concerns around digital safety, accountability, and privacy breaches have grown. Parents are more cautious than ever about their children’s online activity. Employers are seeking better ways to monitor company-issued devices. Even individuals in relationships are using tracking apps to rebuild trust or stay informed.
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    Cyberbullying, online predators, screen addiction, and unauthorized data sharing are just a few reasons why mobile tracking solutions are in high demand. At the same time, the rise of remote workforces has made employee monitoring essential for business owners to prevent misuse of company time and resources.
    Apps like mSpy have emerged as tools that provide peace of mind. They offer insight into text messages, GPS locations, app usage, and more—without requiring direct access to the device in real time. These tools are becoming an integral part of modern digital life, helping people feel more secure in a hyper-connected world.
    What to Look For in a Mobile Spy App
    Not all mobile tracking apps are created equal. Some offer advanced features but lack ease of use; others are stealthy but limited in scope. If you’re looking for a phone spy app in 2025, there are several key features to prioritize.
    First, compatibility is crucial—make sure the app works on both Android and iOS devices. Look for real-time GPS tracking, call and SMS logs, social media monitoring, and browsing history access. The app should run discreetly in the background to avoid detection and provide a user-friendly dashboard for accessing tracked data.
    Security is equally important. Top-tier apps use encrypted data channels to ensure privacy, both for the person being monitored and the one viewing the information. Reliable customer support, frequent updates, and clear installation guides also add to a tool’s credibility.
    When evaluating mobile monitoring software, features like geofencing, app usage limits, and screen time analysis can add extra value—especially for parental use. A well-rounded app like mSpy offers all of these while keeping the setup process simple and discreet.
    Full Access. Zero Detection. mSpy Is the Best Mobile Spy App for Hidden Surveillance
    Is Phone Spying Safe & Ethical?
    Phone tracking, when used ethically, can serve as a protective tool. But misuse can raise serious privacy concerns. The line between security and surveillance often comes down to intent—and legality.
    In many countries, it’s legal for parents to monitor the phones of their minor children without consent. Employers may also monitor company-owned devices provided they disclose it in their policies. However, using a spy app to monitor a partner or adult without consent can cross legal and ethical boundaries.
    Apps like mSpy are designed for legitimate use cases, particularly child safety and employee productivity. The app clearly states that users must comply with local laws and have proper authorization. If used responsibly, mSpy can empower users to stay informed and make proactive decisions without violating trust.
    Understanding the ethical framework before using any mobile spy app is critical. When used as intended—for safety, protection, and responsible oversight—it becomes a digital ally rather than an invasion of privacy.

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    What Is mSpy?

    mSpy is a mobile tracking and monitoring application designed to give users discreet access to key data from smartphones and tablets. Introduced to the market in 2010, the spy application tailored for smartphones provides the capability to clandestinely observe individuals employing the designated device. It seamlessly integrates into employee phones or the devices of your progeny, facilitating real-time oversight of their whereabouts and engagements on the device.
    Leveraging mSpy’s free version, you can meticulously monitor diverse activities, encompassing geographic movements, social media interactions, phone conversations, as well as the dispatch and receipt of messages.

    The apex attribute of this application resides in its inconspicuous functionality, evading detection by the party under scrutiny. It discreetly operates in the backdrop, diligently acquiring information without arousing their awareness.

    Over the course of time, this technology has undergone refinement, with mSpy presently standing as the preeminent application of its genre. Its ascendancy is corroborated by a substantial user base exceeding one million parents who employ it as a means to oversee their children’s pursuits. Furthermore, it proves instrumental for spouses and employers who harbor the intent to gain insights into the activities of their target individuals.

    mSpy encompasses these pivotal features for parental supervision:

    • Online and application filtering — Dictate the permissible applications for your children and the websites they are permitted to access. It’s worth noting that mSpy’s capacity for website filtering is limited to specific blacklisting, without the option to categorically filter websites.
    • Location tracing — Maintain tabs on your child’s whereabouts and their historical movements.
    • Activity summaries — Consolidates and presents insights regarding your child’s device utilization, encompassing their most frequent contacts for messaging and calling, prevalent websites visited, and more.

    In addition to the aforementioned, mSpy boasts an array of supplementary functionalities, inclusive of call and SMS tracking, surveillance of social media applications, a keylogger, and screen recording capabilities.

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    How does mSpy work?

    As previously indicated, subsequent to a successful installation of mSpy on the designated mobile device, it will seamlessly operate in the device’s background. It diligently assembles a wide spectrum of data from the said device, encompassing call logs, text messages, instant messaging dialogues, geographic positioning, among others, subsequently transmitting this data to your designated mSpy account.

    Subsequently, accessing your account is a streamlined process. You can effortlessly log into your account utilizing any web browser accessible through diverse devices such as mobile phones, desktops, and laptops, thus facilitating a thorough perusal of the accumulated information as per your convenience.
    Simplified Monitoring in Three Effortless Phases
    To initiate monitoring, you can effortlessly adhere to the ensuing three uncomplicated stages, commencing your child’s device oversight seamlessly.

    First Step: Select a Subscription
    Embark upon your journey by selecting an appropriate subscription plan from the mSpy website, catering to your precise software attribute prerequisites. Subsequently, finalize the purchase by inputting your payment particulars. Following this, an email confirming your transaction will be dispatched to your inbox.

    Second Step: Deploy mSpy onto the Target Device
    Contained within the welcome email is an installation manual, meticulously guiding you through the process of establishing the mSpy application upon the targeted device.

    Third Step: Initiate Surveillance
    With the successful implementation of mSpy upon the designated device, you can seamlessly access your control panel on the mSpy website, thereby commencing an effortless exploration of the acquired data through an intuitively designed dashboard.

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    Primary Features of mSpy

    mSpy has several unique features and we are explaining a few of them that piqued our interest.

    • Supervision and Site Limitation: Embedded within mSpy’s array of functionalities is the capacity to oversee the websites frequented by your child or designated individual, encompassing even bookmarked pages. Moreover, the application stands poised to furnish prompt notifications when particular keywords are inputted into the mobile device. This dynamic attribute can prove notably advantageous for parents, enabling them to attain heightened insights into their children’s online explorations and content consumption.
    • Moreover, an ancillary capability affords you the prerogative to restrict access to specific websites. This provision holds true on the premise that the monitored entity employs any of the prevalent web browsers such as Safari, Chrome, or a native Android browser. 
    • Procure Requisite Insights: The entirety of the data gleaned from the targeted device orchestrates its voyage to your dedicated dashboard on mSpy.com. This hub offers a comprehensive glimpse into the targeted phone’s operating system, memory utilization, as well as particulars regarding the cell provider and installed software version. The dashboard even presents real-time indications of the remaining battery charge. Furthermore, it extends visibility into the habitual usage patterns and synchronization status of the targeted phone.
    • From this vantage point, you wield the authority to either reactivate or entirely disable the software. Additional functionalities encompass log extraction, device locking, log removal, disconnection from the application, data preservation measures in the event of device loss, and the capacity to initiate a device reboot. mSpy endows you with a formidable realm of control, resting at your disposal.
    • Text Communication Surveillance: Beyond telephonic conversations, the mSpy tracking tool extends its reach to encompass transmitted, received, and erased text messages. This capacity affords the means to ascertain whether your child engages in the dissemination of unsuitable content or confidential details, or if such interactions transpire reciprocally.
    • Vigilance Over Virtual Networks: Resonating with akin surveillance solutions like WebWatcher, mSpy facilitates oversight of diverse messaging platforms and social media applications. To avail this elevated functionality, opting for the Premium or Family Kit subscription is a requisite. Additionally, there might be a need to undertake jailbreaking or rooting of the device to unlock this advanced layer of surveillance capability.
    • Contact and Schedule Examination: Employing mSpy empowers you to peruse the compilation of contact identities, email addresses, telephone digits, as well as the tangible address entries, meticulously archived within the target mobile device. Furthermore, you gain the prerogative to scrutinize the calendar itinerary featured on the target device. This extends the capability to remain attuned to scheduled engagements, calendar annotations, and any foreordained appointments.
    • App & Screen Activity: See which apps are installed and how frequently they’re used. You can also block specific apps from running if necessary.
    • Location Surveillance via GPS: Within the realm of parental surveillance, mSpy empowers you to virtually shadow your offspring. The application offers the prowess to trail your child’s spatial trajectory, revealing an encapsulated chronicle of their route history over a designated time span. This granular information encompasses specific addresses and coordinates, affording an exhaustive retrospective and contemporary snapshot of locations traversed.
    • Boundary Delimitation: An innovative facet encompassed within mSpy’s repertoire is the introduction of geofencing. This progressive attribute empowers you to demarcate regions of safety and restraint. As your child enters or departs these predefined zones, you are promptly apprised via email notifications. A supplementary benefit is the integrated mapping feature, which adeptly illustrates the historical trajectory of your child’s movements.
    • Keylogger: mSpy includes a built-in keylogger that records every keystroke made on the device. This is especially helpful for uncovering hidden logins, searches, or messages typed across apps.

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    mSpy Pros and Cons

    ✅ Pros:

    • Stealth Mode: Operates invisibly in the background without user detection.
    • Multi-App Monitoring: Tracks major social media platforms.
    • Geofencing & Real-Time Alerts: Great for parents and employers.
    • User-Friendly Dashboard: Clean interface with easy navigation.
    • Cross-Platform Support: Compatible with Android and iPhone.

    ❌ Cons:

    • Some Features Require Rooting or Jailbreaking: Advanced tools need extra steps.
    • Pricing Is Subscription-Based: No one-time purchase option.
    • No Live Call Recording: Restricted due to privacy laws in many regions.

    Despite these limitations, mSpy remains one of the most balanced spy apps for those seeking depth without unnecessary complexity.

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    Compatibility of mSpy application Across Mobile Devices

    mSpy extends its compatibility umbrella over an extensive array of mobile phones and tablets, encompassing the following:

    • iOS 7 through 9.1 for mSpy with jailbreak. In scenarios where the targeted iPhone remains unjailbroken, data transfer is routed through iCloud storage, facilitating mSpy functionality on any phone with iOS 7 or higher.
    • Android 4 or subsequent iterations, although certain advanced facets of the application may solely be accessible on rooted Android devices.
    • Mac OS X variants encompassing 10.9 Mavericks, 10.8 Mountain Lion, 10.7 Lion, 10.11 El Capitan, and 10.10 Yosemite.

    Costing of mSpy
    Outlined below is the cost framework for mSpy’s mobile phone monitoring services:

    mSpy Basic Plan
    1-month subscription: $39.99 3 

    mSpy Premium Plan
    1-month subscription: $59.99 3-month subscription:

    mSpy Family Kit
    Moreover, the company introduces the Family Kit, facilitating concurrent oversight of 3 devices. This package is available at the ensuing rates: 12-month subscription: $199.99

    mSpy Refund Policy: What You Need to Know

    mSpy offers a 14-day refund window for first-time subscribers, but only under specific conditions.

    ✅ Eligible for Refund:

    • You experience technical issues that mSpy’s support team cannot resolve.
    • Your refund request is submitted within 14 days of purchase.
    • The request pertains to your initial subscription (not renewals or additional purchases). 

    ❌ Not Eligible for Refund:

    • You change your mind or make an accidental purchase.
    • The target device is incompatible, lacks internet access, or has been reset.
    • You refuse to follow installation instructions or decline technical assistance.
    • You lack physical access to the target device or cannot unlock it.
    • You fail to reinstall mSpy after an OS update or factory reset.
    • You lose your private encryption key, resulting in data loss.
    • You attempt to use mSpy on unsupported operating systems (e.g., Symbian, Windows Phone, BlackBerry 10).

    How to Request a Refund:

    • Email your request to refund@mspy.com.
    • Include your order details and the reason for the refund.
    • Note: Refund requests are not accepted via live chat or phone. 

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    mSpy Installation Guide: Step-by-Step

    For Android Devices:

    1. Purchase your mSpy plan
    2. Access installation guide in your dashboard
    3. Enable app installation from unknown sources
    4. Install the app on the target device
    5. Hide the app icon (automatic)
    6. Start monitoring via your web account

    For iPhones:

    1. Buy mSpy and log in to your account
    2. Enter iCloud credentials of the target phone
    3. Enable backup sync (2FA must be off)
    4. Start tracking through your dashboard

    Total setup time: Under 10 minutes in most cases
    No ongoing access required once installed
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    Exploring the mSpy Free Trial 

    Embark on a 7-day exploration of the mSpy free trial to ascertain its potential merits. Upon initiation, you will be granted unrestricted access to all functionalities, acquainting yourself with the benefits it bestows.

    This trial stint is instrumental in unveiling the capacity to invisibly and remotely oversee any mobile device. The process is straightforward: navigate to mSpy.com, select an appropriate subscription plan, and opt for the free trial alternative.

    Following a week of experiential utilization, you possess the liberty to either perpetuate the subscription or opt for its termination. Should you aspire to delve into its efficacy sans financial commitment, the avenue of this complimentary trial beckons.

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    Is mSpy Legal to Use?

    The legality of mobile tracking apps depends on how they’re used:

    • ✅ Legal for Parental Monitoring: Parents can track their minor children’s phones.
    • ✅ Legal on Company Devices: Employers can monitor work-issued devices with employee consent or policy documentation.
    • ❌ Illegal Without Consent: It’s unlawful in many regions to spy on a spouse, adult, or partner without permission.

    mSpy emphasizes responsible usage. Users must confirm that they own the device or have legal permission before installing the software. The platform clearly disclaims liability for misuse.
    If used within the bounds of law and intent, mSpy is a powerful and compliant solution for modern digital monitoring.
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    mSpy vs Competitors

    mSpy vs FlexiSPY

    FlexiSPY offers live call interception and ambient recording—features mSpy avoids for legal reasons. However, mSpy wins on ease of use, stealth, and customer support.

    mSpy vs uMobix

    uMobix has strong social media tracking, but its dashboard is less intuitive. mSpy provides a better overall user experience and is more stable on iOS.

    mSpy vs Cocospy

    Cocospy is beginner-friendly but lacks depth. mSpy offers more advanced features, such as keyword alerts, geofencing, and in-depth logs.
    In side-by-side comparisons, mSpy consistently delivers the best combination of reliability, discretion, and monitoring power.

    Why mSpy Earns Its Reputation as a Premier Mobile Surveillance App

    • Budget-Friendly Vigilance: mSpy emerges as a cost-effective avenue, facilitating the scrutiny of your child’s digital interactions or mobile pursuits for a mere fraction of a dollar per day.
    • Effortless Deployment: Installation proves a straightforward endeavor, requiring less than 10 minutes for comprehensive setup completion.
    • Concealed Operation: The application seamlessly functions in a concealed background mode, rendering it entirely imperceptible to the marked user.
    • Timely Updates: The flow of updated information from the target device remains uninterrupted, with data refresh cycles occurring every 5 minutes.
    • Comprehensive Assistance: A robust network of 24/7 multilingual support ensures that you receive the requisite guidance and aid throughout your journey with mSpy.
    • Unwavering Dependability and Security: mSpy embodies an unwavering commitment to reliability and security. All procured data undergoes encryption and safeguards, rendering it a steadfast and secure mobile monitoring solution.

    Track Smarter in 2025 – mSpy Is the Best Mobile Tracking App for Safe, Legal Use

    FAQs About mSpy Apps

    Q1: Is mSpy visible on the phone?
    No, once installed, mSpy runs in stealth mode and is not visible to the device user.
    Q2: Does mSpy work with the latest iOS and Android versions?
    Yes. mSpy supports Android 13/14 and iOS 17, with ongoing updates to maintain compatibility.
    Q3: What happens if the phone restarts or updates?
    The app auto-restarts in most cases and continues tracking unless uninstalled.
    Q4: Can I install mSpy without touching the phone?
    Only on iPhones with iCloud backup enabled and no 2FA. Android phones require brief physical access.
    Q5: What are people saying on Reddit or forums?
    Reddit users generally report that mSpy is dependable, especially for parental control. Some voice privacy concerns, but these are tied to misuse rather than flaws in the app.

    Click Here to Get mSpy From Its Official website

    mSpy Real User Reviews

    Jenna T. – Dallas, TX (Parent)

    “I needed a way to monitor my teenage son’s online behavior after some late-night messages raised concerns. mSpy helped me keep track of his activity without making him feel violated. It’s been a life-saver.”
    Raj M. – San Jose, CA (Employer)
    “We issued company phones last year and suspected misuse. mSpy provided the visibility we needed without disrupting work. The dashboard is intuitive, and the alerts help us spot problems early.”
    Carla R. – Atlanta, GA (Concerned Spouse)
    “mSpy gave me the peace of mind I was looking for. I had suspicions, and while it wasn’t easy, the clarity helped us have an honest conversation. It’s discreet and effective.”
    Peter N. – Chicago, IL (Tech Blogger)
    “As someone who tests monitoring tools, mSpy stands out for its reliability and feature richness. It’s not the cheapest, but it delivers value, especially for less tech-savvy users.”
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    How mSpy Helps Prevent Digital Dangers

    The digital world is filled with unseen threats, especially for children and vulnerable users. mSpy plays a preventive role by giving parents and guardians real-time insights into mobile behavior—often before something harmful occurs.
    For example, cyberbullying often starts subtly, through text messages or social media. With mSpy’s keyword alert system and message monitoring, red flags can be detected early. Parents can intervene before emotional damage is done.
    Online predators are another concern. They typically engage victims through apps like Snapchat, Instagram, and WhatsApp. mSpy allows guardians to review conversations across these platforms, revealing inappropriate behavior or grooming tactics.
    Screen addiction is also on the rise. With app usage tracking, parents can understand where time is being spent and set digital boundaries. For employers, mSpy prevents productivity loss by identifying inappropriate device use during work hours.
    By offering visibility and early intervention tools, mSpy becomes more than just a spy app—it becomes a layer of digital protection.

    Can You Trust Spy Apps? Reputation Check & Scam Warning Signs

    The spy app industry is filled with copycats, scams, and malware-laced programs. Knowing who to trust is essential—and mSpy stands out for good reason.
    What Makes a Spy App Trustworthy?

    • Official website distribution only
    • Transparent pricing and feature lists
    • Clear legal use policy
    • Regular updates and live customer support

    mSpy checks every box. It’s not found on suspicious third-party app stores or fake marketplaces. The company has been in operation for over 10 years, with a verifiable user base and global presence.
    Red Flags to Avoid

    • Apps offering “undetectable call recording” without any legal disclaimer
    • Download links through sketchy APK sites
    • No refund policy or support contact

    Before installing any tracking tool, check reviews, legal policies, and trust ratings. If it looks too good to be true, it probably is.

    Best Mobile Spy App for Parents, Employers & Partners – Get mSpy Now
    Troubleshooting Guide: What to Do If mSpy Stops Working
    Even reliable apps can run into issues—especially after OS updates or permission resets. If mSpy stops syncing or collecting data, here’s what to do:
    Step 1: Check Internet Connection
    The app needs internet access to sync data. Ensure the target phone is connected to Wi-Fi or mobile data.
    Step 2: Revisit Permissions
    Go to the phone’s settings and ensure permissions like GPS, contacts, and storage are still enabled for mSpy.
    Step 3: Confirm App Visibility
    Make sure the app hasn’t been removed or flagged by antivirus software. If necessary, reinstall following the original setup guide.
    Step 4: Contact Support
    mSpy has 24/7 live chat support. Log in to your dashboard and connect with their team for personalized assistance.
    With the right response, most issues can be resolved within minutes—and your monitoring resumes without disruption.
    Best Mobile Spy App for Android & iPhone – Track Without Being Detected with mSpy
    The Final Conclusion

    After conducting a comprehensive exploration, juxtaposing the positives and negatives, we have arrived at a definitive conclusion. The pivotal question emerges: Does mSpy stand as a prudent investment, or is it best to avert its usage?

    Our exhaustive analysis of mSpy customer feedback resoundingly echoes the sentiment of admiration. This accord resonates with our own assessment, solidifying the stance that mSpy represents a high-value proposition, replete with an array of commendable attributes and exceptional customer assistance. It is our conviction that mSpy reigns as the preeminent tracking application, proficiently catering to the needs of those seeking to discreetly oversee the actions of their employees, children, or other individuals. It stands as a potent conduit to discreetly peruse incoming calls and dispatched messages, all while evading the awareness of the subject under observation.

    The stalwart customer support infrastructure, coupled with the seamless integration of routine updates to ensure a user-friendly experience, fuels our belief that mSpy’s enduring value will persist in the foreseeable future. Notably, mSpy extends a suite of preeminent monitoring features, further enhancing its allure.

    The Phone Monitoring App You Can Trust – Try mSpy Risk-Free

    Project name: mSpy
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    Media Contact:
    Company website: https://www.mspy.com/
    email: support@mspy.com
    USA (toll-free): +1 855 896 00 41

    Disclosure: The claim “#1 Choice in the United States” reflects our personal opinion and is not supported by independent market research.
    mSpy is intended strictly for legal use only. Installing monitoring software on a device you do not own, or without proper consent, may violate local laws. In most jurisdictions, you are required to notify the device owner before installation.
    Unauthorized use could lead to civil or criminal penalties. You are fully responsible for ensuring lawful use of the software.
    We strongly recommend consulting a licensed legal advisor before installing or using mSpy on any device.
    All trademarks, logos, and brand names mentioned are the property of their respective owners. References to third-party products or services are for identification purposes only and do not constitute endorsements.
    Always refer to the official website of the loan provider for the most accurate and up-to-date product terms, pricing, and eligibility requirements.

    Content Accuracy Disclaimer

    Every effort has been made to ensure the accuracy of the information presented in this article. However, due to the dynamic nature of product formulations, promotions, and availability, details may change without notice. The publisher makes no warranties or representations as to the current completeness or accuracy of any content, including product claims, pricing, or ingredient lists.
    It is the responsibility of the reader to verify product information directly through the official website or manufacturer prior to making a purchasing decision. Any reliance placed on the information in this article is done strictly at your own risk.

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    Attachment

    The MIL Network –

  • MIL-OSI Europe: Written question – Misuse of funds from the Recovery and Resilience Facility in Spain – E-001902/2025

    Source: European Parliament

    Question for written answer  E-001902/2025
    to the Commission
    Rule 144
    Dolors Montserrat (PPE)

    The reply to questions E-000571/2025, E-000570/2025, E-000572/2025 and E-000573/2025[1] on the use of the Recovery and Resilience Facility (RRF) by RTVE only makes reference to a digital training project and defers its assessment to a later date. Taking account of the results of the European Court of Auditors’ report on the RRF, which identifies structural weaknesses that need to be addressed if a performance-based funding model is to be consolidated:

    • 1.How does the Commission intend to ensure that Recovery and Resilience Facility funds actually reach the final recipients, especially in countries such as Spain, where a lack of traceability, delays in implementation and poor assessment of the impact of the reforms financed have been identified?
    • 2.How does it intend to prevent the opaque use of funds within RTVE, bearing in mind that this could open the door to bad practices, corruption or favouritism, thereby eroding public trust in the institutions?

    Submitted: 13.5.2025

    • [1] https://www.europarl.europa.eu/doceo/document/E-10-2025-000570-ASW_EN.html
    Last updated: 21 May 2025

    MIL OSI Europe News –

  • MIL-OSI: LiveRamp Announces Fourth Quarter and Fiscal Year 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Q4 Revenue up 10% year-over-year

    FY25 Operating Cash Flow increases 46% year-over-year

    FY25 Share Repurchases totaled $101 million

    SAN FRANCISCO, May 21, 2025 (GLOBE NEWSWIRE) — LiveRamp® (NYSE: RAMP), a leading data collaboration platform, today announced its financial results for the quarter and fiscal year ended March 31, 2025.

    Q4 Financial Highlights1

    • Total revenue was $189 million, up 10%.
    • Subscription revenue was $145 million, up 9%.
    • Marketplace & Other revenue was $44 million, up 14%.
    • GAAP gross profit was $131 million, up 5%. GAAP gross margin of 69% compressed by 3 percentage points. Non-GAAP gross profit was $136 million, up 5%. Non-GAAP gross margin of 72% compressed by 3 percentage points.
    • GAAP operating loss was $12 million compared to $14 million. GAAP operating margin of negative 6% expanded by 2 percentage points. Non-GAAP operating income was $23 million compared to $16 million. Non-GAAP operating margin of 12% expanded by 3 percentage points.
    • GAAP diluted loss per share was $0.10 and non-GAAP diluted earnings per share was $0.30.
    • Net cash provided by operating activities was $63 million compared to $28 million.
    • Share repurchases in the fourth quarter totaled approximately 950 thousand shares for $25 million.

    Fiscal Year Financial Highlights1

    • Total revenue was $746 million, up 13%.
    • Subscription revenue was $569 million, up 11%, and represented 76% of total revenue.
    • Marketplace & Other revenue was $177 million, up 21%.
    • GAAP gross profit was $530 million, up 10%, and GAAP gross margin of 71% compressed by 2 percentage points. Non-GAAP gross profit was $550 million, up 12%, and non-GAAP gross margin of 74% compressed by 1 percentage point.
    • GAAP operating income was $5 million compared to $11 million. GAAP operating margin of 1% compressed by 1 percentage point. Non-GAAP operating income was $136 million compared to $105 million. Non-GAAP operating margin of 18% expanded by 2 percentage points.
    • GAAP diluted loss per share was $0.01, and non-GAAP diluted EPS was $1.70.
    • Net cash provided by operating activities was $154 million compared to $106 million.
    • Share repurchases in fiscal 2025 totaled approximately 3.8 million shares for $101 million. As of March 31, 2025, there was $256 million in remaining capacity under the share repurchase authorization that expires on December 31, 2026.

    A reconciliation between GAAP and non-GAAP results is provided in the schedules to this press release.

    Commenting on the results, CEO Scott Howe said: “We had a strong finish to fiscal 2025, with fourth quarter revenue and operating income exceeding our expectations, revenue growing at a double-digit rate and operating cash flow reaching a record high. As we enter fiscal 2026, more so than ever, we are focused on controlling what we can control: Making our platform faster and easier to use; rolling out new functionality, such as our new Cross Media Intelligence measurement solution; helping customers optimize ad spend by harnessing the power of our Data Collaboration Network; and, finally, prudently managing our own costs and growth investments. The near-term macro environment may be uncertain, but we remain confident that in the long-run we can drive sustained growth and shareholder value creation.”

    GAAP and Non-GAAP Results
    The following table summarizes the Company’s financial results for the fiscal 2025 fourth quarter and full year ended March 31, 2025 ($ in millions, except per share amounts):

           
      GAAP   Non-GAAP
      Q4 FY25 FY25   Q4 FY25 FY25
    Subscription revenue $145 $569   — —
    YoY change 9% 11%   — —
    Marketplace & Other revenue $44 $177   — —
    YoY change 14% 21%   — —
    Total revenue $189 $746   — —
    YoY change 10% 13%   — —
               
    Gross profit $131 $530   $136 $550
    % Gross margin 69% 71%   72% 74%
    YoY change (3 pts) (2 pts)   (3 pts) (1 pt)
               
    Operating income (loss) ($12) $5   $23 $136
    % Operating margin (6%) 1%   12% 18%
    YoY change 2 pts (1 pt)   3 pts 2 pts
               
    Net earnings (loss) ($6) ($1)   $20 $115
    Diluted earnings (loss) per share ($0.10) ($0.01)   $0.30 $1.70
               
    Shares to calculate diluted EPS 66.0 66.1   67.5 67.5
    YoY change (1%) (3%)   (1%) (1%)
               
    Net operating cash flow $63 $154   — —
    Free cash flow — —   $62 $153
               
    Totals may not sum due to rounding.
     
     

    A detailed discussion of our non-GAAP financial measures and a reconciliation between GAAP and non-GAAP results is provided in the schedules attached to this press release.

    Additional Business Highlights & Metrics

    • On February 25 we hosted an investor day presentation in San Francisco. The video replay, slide presentation and transcript are available on our investor relations website. Additionally, please see our investor day recap that highlights 10 interesting slides from the presentation, available here.
    • On February 25-27 we hosted our annual customer and partner conference, RampUp, in San Francisco, bringing together more than 2,500 leaders at the intersection of marketing, technology and data science. The event featured product demonstrations and 40+ panels and presentations featuring 110 leaders from some of the largest brands in the world, including Disney, Home Depot, P&G and Uber – to name a few. Video replays of these sessions are available here and an event recap for investors is available here.
    • On February 25 we announced Cross-Media Intelligence, a new capability that enables marketers to better measure and optimize campaigns anywhere their customers are. LiveRamp’s Cross-Media Intelligence is a premier solution for next-generation cross-media measurement, unifying insights across partners and datasets, and delivering actionable, repeatable insights with unmatched speed and precision. With Cross-Media Intelligence, marketers for the first time can access unified, deduplicated reporting across screens and platforms (additional information).
    • On April 22 Google announced that it will no longer roll out a new standalone prompt for consumers to opt-in to third-party cookie tracking on Chrome. LiveRamp’s mission remains the same: Enable best-in-class addressable reach and connectivity across every consumer experience by continuing to develop the largest and most useful data collaboration network. We will use cookies to extend reach on Chrome, while continuing to invest and expand our authenticated ecosystem across cookieless browsers (Safari, Firefox, and Edge), direct publisher integrations, CTV, mobile/gaming, and new AI integrations. Please see our blog post for additional information.
    • On March 6 we announced a workforce restructuring involving approximately 5% of our full-time employees. The restructuring is part of a broader strategic reprioritization to build a stronger, more profitable company by tightening our focus and simplifying and driving efficiency into our business processes. In the fourth quarter we incurred $7.2 million of restructuring and related charges primarily related to employee severance and benefits.
    • LiveRamp ended the year with 128 customers whose annualized subscription revenue exceeds $1 million, compared to 115 in the prior year.
    • LiveRamp ended the year with 840 direct subscription customers, compared to 900 in the prior year.
    • Fourth quarter subscription net retention was 104% and platform net retention was 106%.
    • Fourth quarter annualized recurring revenue (ARR), which is the last month of the quarter fixed subscription revenue annualized, was $504 million, up 8% compared to the prior year period.
    • Current remaining performance obligations (CRPO), which is contracted and committed revenue expected to be recognized over the next 12 months, was $471 million, up 14% compared to the prior year period.

    Financial Outlook

    LiveRamp’s non-GAAP operating income guidance excludes the impact of non-cash stock compensation, purchased intangible asset amortization, and restructuring and related charges.

    For the first quarter of fiscal 2026, LiveRamp expects to report:

    • Revenue of $191 million, an increase of 9%
    • GAAP operating loss of $33 million
    • Non-GAAP operating income of $6 million

    For fiscal 2026, LiveRamp expects to report:

    • Revenue of between $787 million and $817 million, an increase of between 6% and 10%
    • GAAP operating loss of between $178 million and $182 million
    • Non-GAAP operating income of between $85 million and $89 million

    Conference Call

    LiveRamp will hold a conference call today at 1:30 p.m. PT (4:30 p.m. ET) to further discuss this information. Interested parties are invited to listen to a webcast of the conference, which can be accessed on LiveRamp’s investor site. A slide presentation will be referenced during the call and is available here.

    About LiveRamp

    LiveRamp is a leading data collaboration technology company, empowering marketers and media owners to deliver and measure marketing performance everywhere it matters. LiveRamp’s data collaboration network seamlessly unites data across advertisers, platforms, publishers, data providers, and commerce media networks—unlocking deep insights, delivering transformational consumer experiences, and driving measurable growth.

    Built on a foundation of strict neutrality, interoperability, and global scale, LiveRamp enables organizations to maximize the value of their data while accelerating innovation. Trusted by many of the world’s leading brands, retailers, financial services providers, and healthcare innovators, LiveRamp is helping shape the future of responsible data collaboration in an AI-driven, outcomes-focused world where advertisers reach intended audiences and consumers receive more relevant advertising messages.

    LiveRamp is headquartered in San Francisco, California, with offices worldwide. Learn more at LiveRamp.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended (the “PSLRA”). Forward-looking statements are often identified by words or phrases such as “anticipate,” “estimate,” “plan,” “expect,” “believe,” “intend,” “foresee,” or the negative of these terms or other similar variations thereof, but the absence of these words does not mean that a statement is not forward-looking. These statements, which are not statements of historical fact, include, but are not limited to, the Company’s guidance regarding revenue, GAAP operating loss and Non-GAAP operating income for the first quarter and full year of fiscal 2026 and other similar estimates, assumptions, forecasts, projections and expectations regarding market position, product development, growth opportunities, economic conditions and other future events and trends.

    These forward-looking statements are not guarantees of future performance and are subject to a number of factors and uncertainties that could cause the Company’s actual results and experiences to differ materially from the anticipated results and expectations expressed in the forward-looking statements.

    Among the factors that may cause actual results and expectations to differ from anticipated results and expectations expressed in forward-looking statements are economic uncertainties that could impact us or our suppliers, customers and partners, including, geo-political circumstances, including risk related to tariffs and other trade restrictions, the possibility of a recession, general inflationary pressure and high interest rates; the ability and willingness of our customers to renew their agreements with us upon their expiration; our ability to add new customers and upsell within our subscription business; our reliance upon partners, including data suppliers, who may withdraw or withhold data from us; increased competition and rapidly changing technology that could impact our products and services; the risk that we fail to realize the potential benefits of or have difficulty integrating acquired businesses; and our inability to attract, motivate and retain talent. Additional risks include maintaining our culture and our ability to innovate and evolve while operating in a hybrid work environment, with some employees working remotely at least some of the time within a rapidly changing industry, while also avoiding disruption from reductions in our current workforce as well as disruptions resulting from acquisition, divestiture and other activities affecting our workforce. Our global workforce strategy could possibly encounter difficulty and not be as beneficial as planned. Our international operations are also subject to risks, including the performance of third parties as well as impacts from war and civil unrest, that may harm the Company’s business. The risk of a significant breach of the confidentiality of the information or the security of our or our customers’, suppliers’, or other partners’ data and/or computer systems, or the risk that our current insurance coverage may not be adequate for such a breach, that an insurer might deny coverage for a claim or that such insurance will continue to be available to us on commercially reasonable terms, or at all, could be detrimental to our business, reputation and results of operations. Other business risks include unfavorable publicity and negative public perception about our industry; interruptions or delays in service from data center or cloud hosting vendors we rely upon; and our dependence on the continued availability of third-party data hosting and transmission services. Our clients’ ability to use data on our platform could be restricted if the industry’s use of third-party cookies and tracking technology declines due to technology platform changes, regulation or increased user controls. Continued changes in the judicial, legislative, regulatory, accounting, cultural and consumer environments affecting our business, including but not limited to litigation, investigations, legislation, regulations and customs at the state, federal and international levels relating to information collection and use represents a risk, as well as changes in tax laws and regulations that are applied to our customers which could cause enterprise software budget tightening. In addition, third parties may claim that we are infringing their intellectual property or may infringe our intellectual property which could result in competitive injury and / or the incurrence of significant costs and draining of our resources.

    For a discussion of these and other risks and uncertainties that could affect LiveRamp’s business, reputation, results of operation, financial condition and stock price, please refer to LiveRamp’s filings with the U.S. Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of LiveRamp’s most recently filed Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and subsequent filings.

    The financial information set forth in this press release reflects estimates based on information available at this time.

    LiveRamp assumes no obligation and does not currently intend to update these forward-looking statements.

    To automatically receive LiveRamp financial news by email, please visit www.LiveRamp.com and subscribe to email alerts.

    For more information, contact:

    LiveRamp Investor Relations
    Investor.Relations@LiveRamp.com

    LiveRamp® and RampID™ and all other LiveRamp marks contained herein are trademarks or service marks of LiveRamp, Inc. All other marks are the property of their respective owners.

    ________________________
    1 Unless otherwise indicated, all comparisons are to the prior year period.

                 
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (Unaudited)
    (Dollars in thousands, except per share amounts)
                 
      For the three months ended March 31,
              $ %
      2025     2024     Variance Variance
                 
    Revenues 188,724     171,852     16,872   9.8 %
    Cost of revenue 57,929     47,722     10,207   21.4 %
    Gross profit 130,795     124,130     6,665   5.4 %
    % Gross margin 69.3 %   72.2 %      
                 
    Operating expenses            
    Research and development 45,926     45,161     765   1.7 %
    Sales and marketing 56,961     60,476     (3,515 ) (5.8 )%
    General and administrative 32,175     30,252     1,923   6.4 %
    Gains, losses and other items, net 7,241     2,516     4,725   187.8 %
    Total operating expenses 142,303     138,405     3,898   2.8 %
                 
    Loss from operations (11,508 )   (14,275 )   2,767   19.4 %
    % Margin (6.1 )%   (8.3 )%      
                 
    Total other income, net 4,762     5,070     (308 ) (6.1 )%
    Loss from continuing operations before income taxes (6,746 )   (9,205 )   2,459   26.7 %
    Income tax benefit (479 )   (3,027 )   2,548   84.2 %
    Net earnings from continuing operations (6,267 )   (6,178 )   (89 ) (1.4 )%
                 
    Earnings from discontinued operations, net of tax –     805     (805 ) (100.0 )%
                 
    Net loss (6,267 )   (5,373 )   (894 ) (16.6 )%
                 
    Basic loss per share:            
    Continuing operations (0.10 )   (0.09 )   (0.00 ) (2.0 )%
    Discontinued operations 0.00     0.01     (0.01 ) (100.0 )%
    Basic loss per share (0.10 )   (0.08 )   (0.01 ) (17.3 )%
                 
    Diluted loss per share:            
    Continuing operations (0.10 )   (0.09 )   (0.00 ) (2.0 )%
    Discontinued operations 0.00     0.01     (0.01 ) (100.0 )%
    Diluted loss per share (0.10 )   (0.08 )   (0.01 ) (17.3 )%
                 
    Basic weighted average shares 65,957     66,323        
    Diluted weighted average shares 65,957     66,323        
                 
    Some totals may not sum due to rounding.            
                 
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (Unaudited)
    (Dollars in thousands, except per share amounts)
                 
      For the twelve months ended March 31,
              $ %
      2025     2024     Variance Variance
                 
    Revenues 745,580     659,661     85,919   13.0 %
    Cost of revenue 215,910     179,489     36,421   20.3 %
    Gross profit 529,670     480,172     49,498   10.3 %
    % Gross margin 71.0 %   72.8 %      
                 
    Operating expenses            
    Research and development 176,668     151,201     25,467   16.8 %
    Sales and marketing 213,106     195,693     17,413   8.9 %
    General and administrative 126,499     110,166     16,333   14.8 %
    Gains, losses and other items, net 7,993     11,708     (3,715 ) (31.7 )%
    Total operating expenses 524,266     468,768     55,498   11.8 %
                 
    Income from operations 5,404     11,404     (6,000 ) (52.6 )%
    % Margin 0.7 %   1.7 %      
                 
    Total other income, net 17,436     22,957     (5,521 ) (24.0 )%
    Income from continuing operations before income taxes 22,840     34,361     (11,521 ) (33.5 )%
    Income tax expense 25,342     24,270     1,072   4.4 %
    Net earnings (loss) from continuing operations (2,502 )   10,091     (12,593 ) (124.8 )%
                 
    Earnings from discontinued operations, net of tax 1,688     1,790     (102 ) (5.7 )%
                 
    Net earnings (loss) (814 )   11,881     (12,695 ) (106.9 )%
                 
    Basic earnings (loss) per share:            
    Continuing operations (0.04 )   0.15     (0.19 ) (124.8 )%
    Discontinued operations 0.03     0.03     (0.00 ) (5.5 )%
    Basic earnings (loss) per share (0.01 )   0.18     (0.19 ) (106.9 )%
                 
    Diluted earnings (loss) per share:            
    Continuing operations (0.04 )   0.15     (0.19 ) (125.5 )%
    Discontinued operations 0.03     0.03     (0.00 ) (3.1 )%
    Diluted earnings (loss) per share (0.01 )   0.17     (0.19 ) (107.0 )%
                 
    Basic weighted average shares 66,126     66,266        
    Diluted weighted average shares 66,126     67,918        
                 
    Some totals may not sum due to rounding.            
                 
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP EPS (1)
    (Unaudited)
    (Dollars in thousands, except per share amounts)
                   
      For the three months
    ended March 31,    		   For the twelve months
    ended March 31,
      2025     2024     2025     2024
                   
    Income (loss) from continuing operations before income taxes (6,746 )   (9,205 )   22,840     34,361
    Income tax expense (benefit) (479 )   (3,027 )   25,342     24,270
    Net earnings from continuing operations (6,267 )   (6,178 )   (2,502 )   10,091
    Earnings from discontinued operations, net of tax –     805     1,688     1,790
    Net earnings (loss) (6,267 )   (5,373 )   (814 )   11,881
                   
    Basic earnings (loss) per share (0.10 )   (0.08 )   (0.01 )   0.18
    Diluted earnings (loss) per share (0.10 )   (0.08 )   (0.01 )   0.17
                   
    Excluded items:              
    Purchased intangible asset amortization (cost of revenue) 3,135     3,097     14,415     8,785
    Non-cash stock compensation (cost of revenue and operating expenses) 24,166     24,780     107,979     71,304
    Restructuring and merger charges (gains, losses, and other) 7,241     2,516     7,993     11,708
    Transformation costs (general and administrative) —     —     —     1,875
    Total excluded items from continuing operations 34,542     30,393     130,387     93,672
                   
    Income from continuing operations before income taxes and excluding items 27,796     21,188     153,227     128,033
    Income tax expense (2) 7,759     3,947     38,296     29,882
    Non-GAAP net earnings (loss) from continuing operations 20,037     17,241     114,931     98,151
                   
    Non-GAAP earnings per share from continuing operations              
    Basic 0.30     0.26     1.74     1.48
    Diluted 0.30     0.25     1.70     1.45
                   
    Basic weighted average shares 65,957     66,323     66,126     66,266
    Diluted weighted average shares 67,479     68,471     67,499     67,918
                   
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.
                   
    (2) Non-GAAP income taxes were calculated by applying the estimated annual effective tax rate to year-to-date pretax income or loss and adjusting for discrete tax items in the period. The differences between our GAAP and non-GAAP effective tax rates were primarily due to the net tax effects of the excluded items, coupled with the valuation allowance and smaller pre-tax income for GAAP purposes.
                   
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP INCOME FROM OPERATIONS (1)
    (Unaudited)
    (Dollars in thousands)
                   
      For the three months
    ended March 31,    		   For the twelve months
    ended March 31,
      2025     2024     2025     2024  
                   
    Income (loss) from operations (11,508 )   (14,275 )   5,404     11,404  
    Operating income (loss) margin (6.1 )%   (8.3 )%   0.7 %   1.7 %
                   
    Excluded items:              
    Purchased intangible asset amortization (cost of revenue) 3,135     3,097     14,415     8,785  
    Non-cash stock compensation (cost of revenue and operating expenses) 24,166     24,780     107,979     71,304  
    Restructuring and merger charges (gains, losses, and other) 7,241     2,516     7,993     11,708  
    Transformation costs (general and administrative) –     –     –     1,875  
    Total excluded items 34,542     30,393     130,387     93,672  
                   
    Income from operations before excluded items 23,034     16,118     135,791     105,076  
    Non-GAAP operating income margin 12.2 %   9.4 %   18.2 %   15.9 %
                   
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.
                   
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF ADJUSTED EBITDA (1)
    (Unaudited)
    (Dollars in thousands)
                   
      For the three months
    ended March 31,    		   For the twelve months
    ended March 31,
      2024     2023     2024     2023  
                   
    Net earnings (loss) from continuing operations (6,267 )   (6,178 )   (2,502 )   10,091  
    Income tax expense (benefit) (479 )   (3,027 )   25,342     24,270  
    Total other expense, net (4,762 )   (5,070 )   (17,436 )   (22,957 )
                   
    Income (loss) from operations (11,508 )   (14,275 )   5,404     11,404  
    Depreciation and amortization 3,803     3,823     17,207     11,508  
                   
    EBITDA (7,705 )   (10,452 )   22,611     22,912  
                   
    Other adjustments:              
    Non-cash stock compensation (cost of revenue and operating expenses) 24,166     24,780     107,979     71,304  
    Restructuring and merger charges (gains, losses, and other) 7,241     2,516     7,993     11,708  
    Transformation costs (general and administrative) –     –     –     1,875  
                   
    Other adjustments 31,407     27,296     115,972     84,887  
                   
    Adjusted EBITDA 23,702     16,844     138,583     107,799  
                   
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.
                   
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED BALANCE SHEETS
    (Dollars in thousands)
                 
      March 31   March 31   $ %
      2025     2024     Variance Variance
    Assets            
    Current assets:            
    Cash and cash equivalents 413,331     336,867     76,464   22.7 %
    Restricted cash 595     2,604     (2,009 ) (77.2 )%
    Short-term investments 7,500     32,045     (24,545 ) (76.6 )%
    Trade accounts receivable, net 186,169     190,313     (4,144 ) (2.2 )%
    Refundable income taxes, net 9,708     8,521     1,187   13.9 %
    Other current assets 38,886     31,682     7,204   22.7 %
    Total current assets 656,189     602,032     54,157   9.0 %
                 
    Property and equipment 23,813     25,394     (1,581 ) (6.2 )%
    Less – accumulated depreciation and amortization 17,629     17,213     416   2.4 %
    Property and equipment, net 6,184     8,181     (1,997 ) (24.4 )%
                 
    Intangible assets, net 20,167     34,583     (14,416 ) (41.7 )%
    Goodwill 501,756     501,756     –   – %
    Deferred commissions, net 44,452     48,143     (3,691 ) (7.7 )%
    Other assets, net 30,623     36,748     (6,125 ) (16.7 )%
      1,259,371     1,231,443     27,928   2.3 %
                 
    Liabilities and Stockholders’ Equity            
    Current liabilities:            
    Trade accounts payable 112,271     81,202     31,069   38.3 %
    Accrued payroll and related expenses 50,776     61,575     (10,799 ) (17.5 )%
    Other accrued expenses 38,586     42,857     (4,271 ) (10.0 )%
    Deferred revenue 45,885     30,942     14,943   48.3 %
    Total current liabilities 247,518     216,576     30,942   14.3 %
                 
    Other liabilities 62,994     65,732     (2,738 ) (4.2 )%
                 
    Stockholders’ equity:            
    Preferred stock –     –     –   n/a
    Common stock 15,918     15,594     324   2.1 %
    Additional paid-in capital 2,045,316     1,933,776     111,540   5.8 %
    Retained earnings 1,313,358     1,314,172     (814 ) (0.1 )%
    Accumulated other comprehensive income 4,295     3,964     331   8.4 %
    Treasury stock, at cost (2,430,028 )   (2,318,371 )   (111,657 ) 4.8 %
    Total stockholders’ equity 948,859     949,135     (276 ) (0.0 )%
      1,259,371     1,231,443     27,928   2.3 %
                 
           
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited)
    (Dollars in thousands)
      For the three months
    ended March 31,
      2025     2024  
    Cash flows from operating activities:      
    Net loss (6,267 )   (5,373 )
    Earnings from discontinued operations, net of tax —     (805 )
    Non-cash operating activities:      
    Depreciation and amortization 3,803     3,823  
    Loss on disposal or impairment of assets 44     6  
    Lease-related impairment and restructuring charges (28 )   (546 )
    Gain on sale of strategic investments (515 )   —  
    Loss on marketable equity securities 206     —  
    Provision for doubtful accounts (453 )   1,947  
    Deferred income taxes (496 )   (498 )
    Non-cash stock compensation expense 24,166     24,780  
    Changes in operating assets and liabilities:      
    Accounts receivable, net 25,187     8,700  
    Deferred commissions 46     (3,971 )
    Other assets 4,703     8,514  
    Accounts payable and other liabilities 11,738     (246 )
    Income taxes (523 )   (7,285 )
    Deferred revenue 969     (1,403 )
    Net cash provided by operating activities 62,580     27,643  
    Cash flows from investing activities:      
    Capital expenditures (293 )   (1,791 )
    Cash paid in acquisitions, net of cash received —     (170,281 )
    Purchases of investments —     (24,509 )
    Proceeds from sales of investments —     25,000  
    Proceeds from sale of strategic investment 763     —  
    Net cash provided by (used in) investing activities 470     (171,581 )
    Cash flows from financing activities:      
    Proceeds related to the issuance of common stock under stock and employee benefit plans 202     1  
    Shares repurchased for tax withholdings upon vesting of stock-based awards (1,026 )   (719 )
    Acquisition of treasury stock (25,447 )   (15,177 )
    Net cash used in financing activities (26,271 )   (15,895 )
    Net cash provided by (used in) continuing operations 36,779     (159,833 )
    Cash flows from discontinued operations:      
    From operating activities (798 )   805  
    Net cash provided by (used in) discontinued operations (798 )   805  
    Net cash provided by (used in) continuing and discontinued operations 35,981     (159,028 )
    Effect of exchange rate changes on cash 580     (447 )
           
    Net change in cash, cash equivalents and restricted cash 36,561     (159,475 )
    Cash, cash equivalents and restricted cash at beginning of period 377,365     498,946  
    Cash, cash equivalents and restricted cash at end of period 413,926     339,471  
           
    Supplemental cash flow information:      
    Cash paid for income taxes, net from continuing operations 558     4,905  
    Cash received for income taxes, net from discontinued operations —     (1,258 )
    Cash paid for operating lease liabilities 2,426     2,594  
           
           
    Operating lease assets obtained in exchange for operating lease liabilities —     148  
    Operating lease assets, and related lease liabilities, relinquished in lease terminations (40 )   —  
    Purchases of property, plant and equipment remaining unpaid at period end 20     104  
    Marketable equity securities obtained in disposition of strategic investment 652     —  
    Excise tax payable on net stock repurchases 64     —  
           
           
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited)
    (Dollars in thousands)
      For the twelve months
    ended March 31,
      2025     2024  
    Cash flows from operating activities:      
    Net earnings (loss) (814 )   11,881  
    Earnings from discontinued operations, net of tax (1,688 )   (1,790 )
    Non-cash operating activities:      
    Depreciation and amortization 17,207     11,508  
    Loss on disposal or impairment of assets 85     1,219  
    Lease-related impairment and restructuring charges 14     1,769  
    Gain on sale of strategic investments (515 )   —  
    Loss on marketable equity securities 206     —  
    Provision for doubtful accounts 695     2,254  
    Impairment of goodwill —     2,875  
    Deferred income taxes (447 )   (458 )
    Non-cash stock compensation expense 107,979     71,304  
    Changes in operating assets and liabilities:      
    Accounts receivable, net 3,547     (32,336 )
    Deferred commissions 3,691     (11,113 )
    Other assets 2,105     9,426  
    Accounts payable and other liabilities 3,573     8,508  
    Income taxes 3,430     22,275  
    Deferred revenue 14,897     8,334  
    Net cash provided by operating activities 153,965     105,656  
    Cash flows from investing activities:      
    Capital expenditures (1,042 )   (4,255 )
    Cash paid in acquisitions, net of cash received (1,951 )   (170,281 )
    Purchases of investments (1,967 )   (48,894 )
    Proceeds from sales of investments 26,989     50,750  
    Proceeds from sale of strategic investment 763     —  
    Purchases of strategic investments (1,400 )   (1,000 )
    Net cash provided by (used in) investing activities 21,392     (173,680 )
    Cash flows from financing activities:      
    Proceeds related to the issuance of common stock under stock and employee benefit plans 8,833     7,222  
    Shares repurchased for tax withholdings upon vesting of stock-based awards (10,331 )   (5,835 )
    Acquisition of treasury stock (101,198 )   (60,502 )
    Net cash used in financing activities (102,696 )   (59,115 )
    Net cash provided by (used in) continuing operations 72,661     (127,139 )
    Cash flows from discontinued operations:      
    From operating activities 1,688     1,790  
    Net cash provided by discontinued operations 1,688     1,790  
    Net cash provided by (used in) continuing and discontinued operations 74,349     (125,349 )
    Effect of exchange rate changes on cash 106     372  
           
    Net change in cash, cash equivalents and restricted cash 74,455     (124,977 )
    Cash, cash equivalents and restricted cash at beginning of period 339,471     464,448  
    Cash, cash equivalents and restricted cash at end of period 413,926     339,471  
           
    Supplemental cash flow information:      
    Cash paid for income taxes, net from continuing operations 22,548     2,465  
    Cash received for income taxes, net from discontinued operations (2,486 )   (2,765 )
    Cash received for tenant improvement allowances (2,628 )   —  
    Cash paid for operating lease liabilities 9,798     10,293  
           
           
    Operating lease assets obtained in exchange for operating lease liabilities 2,327     11,825  
    Operating lease assets, and related lease liabilities, relinquished in lease terminations (595 )   (4,486 )
    Purchases of property, plant and equipment remaining unpaid at period end 20     104  
    Marketable equity securities obtained in disposition of strategic investment 652     —  
    Excise tax payable on net stock repurchases 128     —  
           
    LIVERAMP HOLDINGS, INC AND SUBSIDIARIES
    CALCULATION OF FREE CASH FLOW (1)
    (Unaudited)
    (Dollars in thousands)
                           
      6/30/2023 9/30/2023 12/31/2023 3/31/2024 FY2024   6/30/2024 9/30/2024 12/31/2024 3/31/2025 FY2025
                           
    Net cash provided by (used in) operating activities $ 25,693   $ 35,764   $ 16,556   $ 27,643   $ 105,656     $ (9,328 ) $ 55,596   $ 45,117   $ 62,580   $ 153,965  
                           
    Less:                      
    Capital expenditures   (53 )   (200 )   (2,211 )   (1,791 )   (4,255 )     (226 )   (241 )   (282 )   (293 )   (1,042 )
                           
    Free Cash Flow $ 25,640   $ 35,564   $ 14,345   $ 25,852   $ 101,401     $ (9,554 ) $ 55,355   $ 44,835   $ 62,287   $ 152,923  
                           
                           
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.
     
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (Unaudited)
    (Dollars in thousands, except per share amounts)
                              Yr-to-Yr
      FY2024   FY2025   FY2025 to FY2024
      6/30/2023 9/30/2023 12/31/2023 3/31/2024 FY2024   6/30/2024 9/30/2024 12/31/2024 3/31/2025 FY2025   % $
                                 
    Revenues   154,069     159,871     173,869     171,852     659,661       175,961     185,483     195,412     188,724     745,580     13.0 % 85,919  
    Cost of revenue   45,621     41,212     44,934     47,722     179,489       51,749     51,234     54,998     57,929     215,910     20.3 % 36,421  
    Gross profit   108,448     118,659     128,935     124,130     480,172       124,212     134,249     140,414     130,795     529,670     10.3 % 49,498  
    % Gross margin   70.4 %   74.2 %   74.2 %   72.2 %   72.8 %     70.6 %   72.4 %   71.9 %   69.3 %   71.0 %      
                                 
    Operating expenses                            
    Research and development   34,519     33,733     37,788     45,161     151,201       44,118     43,889     42,735     45,926     176,668     16.8 % 25,467  
    Sales and marketing   44,879     44,135     46,203     60,476     195,693       54,175     51,107     50,863     56,961     213,106     8.9 % 17,413  
    General and administrative   26,664     26,009     27,241     30,252     110,166       30,961     31,369     31,994     32,175     126,499     14.8 % 16,333  
    Gains, losses and other items, net   116     6,574     2,502     2,516     11,708       206     397     149     7,241     7,993     (31.7 )% (3,715 )
    Total operating expenses   106,178     110,451     113,734     138,405     468,768       129,460     126,762     125,741     142,303     524,266     11.8 % 55,498  
                                 
    Income (loss) from operations   2,270     8,208     15,201     (14,275 )   11,404       (5,248 )   7,487     14,673     (11,508 )   5,404     (52.6 )% (6,000 )
    % Margin   5.0 %   24.3 %   40.2 %   (31.6 )%   1.7 %     (3.0 )%   4.0 %   7.5 %   (6.1 )%   0.7 %      
                                 
    Total other income, net   4,849     6,431     6,607     5,070     22,957       4,444     4,197     4,033     4,762     17,436     (24.0 )% (5,521 )
                                 
    Income (loss) from continuing operations before income taxes   7,119     14,639     21,808     (9,205 )   34,361       (804 )   11,684     18,706     (6,746 )   22,840     (33.5 )% (11,521 )
    Income tax expense (benefit)   8,705     10,163     8,429     (3,027 )   24,270       6,685     9,952     9,184     (479 )   25,342     4.4 % 1,072  
    Net earnings (loss) from continuing operations   (1,586 )   4,476     13,379     (6,178 )   10,091       (7,489 )   1,732     9,522     (6,267 )   (2,502 )   (124.8 )% (12,593 )
                                 
    Earnings from discontinued operations, net of tax   –     387     598     805     1,790       –     –     1,688     –     1,688     (5.7 )% (102 )
                                 
    Net earnings (loss) $ (1,586 ) $ 4,863   $ 13,977   $ (5,373 ) $ 11,881     $ (7,489 ) $ 1,732   $ 11,210   $ (6,267 ) $ (814 )   (106.9 )% (12,695 )
                                 
    Basic earnings (loss) per share:                            
    Continuing Operations   (0.02 )   0.07     0.20     (0.09 )   0.15       (0.11 )   0.03     0.15     (0.10 )   (0.04 )   (124.8 )% (0.19 )
    Discontinued Operations   0.00     0.01     0.01     0.01     0.03       0.00     0.00     0.03     0.00     0.03     (5.5 )% (0.00 )
    Basic earnings (loss) per share   (0.02 )   0.07     0.21     (0.08 )   0.18       (0.11 )   0.03     0.17     (0.10 )   (0.01 )   (106.9 )% (0.19 )
                                 
    Diluted earnings (loss) per share:                            
    Continuing Operations   (0.02 )   0.07     0.20     (0.09 )   0.15       (0.11 )   0.03     0.14     (0.10 )   (0.04 )   (125.5 )% (0.19 )
    Discontinued Operations   0.00     0.01     0.01     0.01     0.03       0.00     0.00     0.03     0.00     0.03     (3.1 )% (0.00 )
    Diluted earnings (loss) per share   (0.02 )   0.07     0.21     (0.08 )   0.17       (0.11 )   0.03     0.17     (0.10 )   (0.01 )   (107.0 )% (0.19 )
                                 
                                 
    Basic weighted average shares   66,497     66,284     65,961     66,323     66,266       66,621     66,294     65,631     65,957     66,126        
    Diluted weighted average shares   66,497     67,868     67,943     66,323     67,918       66,621     67,309     66,743     65,957     66,126        
                                 
    Some earnings (loss) per share amounts may not add due to rounding.         
                                 
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP EXPENSES (1)
    (Unaudited)
    (Dollars in thousands)
      FY2024   FY2025
      6/30/2023 9/30/2023 12/31/2023 3/31/2024 FY2024   6/30/2024 9/30/2024 12/31/2024 3/31/2025 FY2025
    Expenses:                      
    Cost of revenue 45,621   41,212   44,934   47,722   179,489     51,749   51,234   54,998   57,929   215,910  
    Research and development 34,519   33,733   37,788   45,161   151,201     44,118   43,889   42,735   45,926   176,668  
    Sales and marketing 44,879   44,135   46,203   60,476   195,693     54,175   51,107   50,863   56,961   213,106  
    General and administrative 26,664   26,009   27,241   30,252   110,166     30,961   31,369   31,994   32,175   126,499  
    Gains, losses and other items, net 116   6,574   2,502   2,516   11,708     206   397   149   7,241   7,993  
                           
    Gross profit, continuing operations: 108,448   118,659   128,935   124,130   480,172     124,212   134,249   140,414   130,795   529,670  
    % Gross margin 70.4 % 74.2 % 74.2 % 72.2 % 72.8 %   70.6 % 72.4 % 71.9 % 69.3 % 71.0 %
                           
    Excluded items:                      
    Purchased intangible asset amortization (cost of revenue) 3,290   1,217   1,181   3,097   8,785     3,846   3,748   3,686   3,135   14,415  
    Non-cash stock compensation (cost of revenue) 629   629   817   1,478   3,553     1,596   1,499   1,455   1,615   6,165  
    Non-cash stock compensation (research and development) 5,077   5,293   6,960   9,859   27,189     10,205   10,920   10,085   10,494   41,704  
    Non-cash stock compensation (sales and marketing) 3,736   4,786   4,089   6,337   18,948     7,093   7,383   7,278   5,716   27,470  
    Non-cash stock compensation (general and administrative) 3,850   5,027   5,631   7,106   21,614     9,091   9,266   7,942   6,341   32,640  
    Restructuring charges (gains, losses, and other) 116   6,574   2,502   2,516   11,708     206   397   149   7,241   7,993  
    Transformation costs (general and administrative) 1,875   —   —   —   1,875     —     —   —   —  
    Total excluded items 18,573   23,526   21,180   30,393   93,672     32,037   33,213   30,595   34,542   130,387  
                           
    Expenses, excluding items:                      
    Cost of revenue 41,702   39,366   42,936   43,147   167,151     46,307   45,987   49,857   53,179   195,330  
    Research and development 29,442   28,440   30,828   35,302   124,012     33,913   32,969   32,650   35,432   134,964  
    Sales and marketing 41,143   39,349   42,114   54,139   176,745     47,082   43,724   43,585   51,245   185,636  
    General and administrative 20,939   20,982   21,610   23,146   86,677     21,870   22,103   24,052   25,834   93,859  
                           
    Gross profit, excluding items: 112,367   120,505   130,933   128,705   492,510     129,654   139,496   145,555   135,545   550,250  
    % Gross margin 72.9 % 75.4 % 75.3 % 74.9 % 74.7 %   73.7 % 75.2 % 74.5 % 71.8 % 73.8 %
                           
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.
     
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP EPS (1)
    (Unaudited)
    (Dollars in thousands, except per share amounts)
      FY2024   FY2025
      6/30/2023 9/30/2023 12/31/2023 3/31/2024 FY2024   6/30/2024 9/30/2024 12/31/2024 3/31/2025 FY2025
                           
    Income (loss) from continuing operations before income taxes 7,119   14,639 21,808 (9,205 ) 34,361   (804 ) 11,684 18,706 (6,746 ) 22,840  
    Income tax expense (benefit) 8,705   10,163 8,429 (3,027 ) 24,270   6,685   9,952 9,184 (479 ) 25,342  
    Net earnings (loss) from continuing operations (1,586 ) 4,476 13,379 (6,178 ) 10,091   (7,489 ) 1,732 9,522 (6,267 ) (2,502 )
                           
    Earnings from discontinued operations, net of tax –   387 598 805   1,790   –   – 1,688 –   1,688  
                           
    Net earnings (loss) (1,586 ) 4,863 13,977 (5,373 ) 11,881   (7,489 ) 1,732 11,210 (6,267 ) (814 )
                           
    Earnings (loss) per share:                      
    Basic (0.02 ) 0.07 0.21 (0.08 ) 0.18   (0.11 ) 0.03 0.17 (0.10 ) (0.01 )
    Diluted (0.02 ) 0.07 0.21 (0.08 ) 0.17   (0.11 ) 0.03 0.17 (0.10 ) (0.01 )
                           
    Excluded items:                      
    Purchased intangible asset amortization (cost of revenue) 3,290   1,217 1,181 3,097   8,785   3,846   3,748 3,686 3,135   14,415  
    Non-cash stock compensation (cost of revenue and operating expenses) 13,292   15,735 17,497 24,780   71,304   27,985   29,068 26,760 24,166   107,979  
    Restructuring and merger charges (gains, losses, and other) 116   6,574 2,502 2,516   11,708   206   397 149 7,241   7,993  
    Transformation costs (general and administrative) 1,875   – – –   1,875   –   – – –   –  
    Total excluded items from continuing operations 18,573   23,526 21,180 30,393   93,672   32,037   33,213 30,595 34,542   130,387  
                           
    Income from continuing operations before income taxes and excluding items 25,692   38,165 42,988 21,188   128,033   31,233   44,897 49,301 27,796   153,227  
    Income tax expense (2) 6,167   9,036 10,732 3,947   29,882   7,371   10,745 12,421 7,759   38,296  
    Non-GAAP net earnings from continuing operations 19,525   29,129 32,256 17,241   98,151   23,862   34,152 36,880 20,037   114,931  
                           
    Non-GAAP earnings per share from continuing operations                      
    Basic 0.29   0.44 0.49 0.26   1.48   0.36   0.52 0.56 0.30   1.74  
    Diluted 0.29   0.43 0.47 0.25   1.45   0.35   0.51 0.55 0.30   1.70  
                           
    Basic weighted average shares 66,497   66,284 65,961 66,323   66,266   66,621   66,294 65,631 65,957   66,126  
    Diluted weighted average shares 67,388   67,868 67,943 68,471   67,918   68,463   67,309 66,743 67,479   67,499  
                           
    Some totals may not add due to rounding           
                           
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.
     
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP OPERATING INCOME GUIDANCE (1)
    (Unaudited)
    (Dollars in thousands)
      For the   For the
      quarter ending   year ending
      June 30,
    2025    		   March 31,
    2026
               
          Low   High
               
    GAAP income from operations $ 6,000   $ 85,000   $ 89,000
               
    Excluded items:          
    Purchased intangible asset amortization   3,000     11,000     11,000
    Non-cash stock compensation   24,000     82,000     82,000
    Total excluded items   27,000     93,000     93,000
               
    Non-GAAP income from operations $ 33,000   $ 178,000   $ 182,000
               
               
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.
               
    APPENDIX A
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    Q4 FISCAL 2025 FINANCIAL RESULTS
    EXPLANATION OF NON-GAAP MEASURES AND OTHER KEY METRICS
     
    To supplement our financial results, we use non-GAAP measures which exclude certain acquisition related expenses, non-cash stock compensation and restructuring charges. We believe these measures are helpful in understanding our past performance and our future results. Our non-GAAP financial measures and schedules are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated GAAP financial statements. Our management regularly uses these non-GAAP financial measures internally to understand, manage and evaluate our business and to make operating decisions. These measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is also based in part on the performance of our business based on these non-GAAP measures.
     
    Our non-GAAP financial measures, including non-GAAP earnings (loss) per share, non-GAAP income (loss) from operations, non-GAAP operating income (loss) margin, non-GAAP expenses and adjusted EBITDA reflect adjustments based on the following items, as well as the related income tax effects when applicable:
     
    Purchased intangible asset amortization: We incur amortization of purchased intangibles in connection with our acquisitions. Purchased intangibles include (i) developed technology, (ii) customer and publisher relationships, and (iii) trade names. We expect to amortize for accounting purposes the fair value of the purchased intangibles based on the pattern in which the economic benefits of the intangible assets will be consumed as revenue is generated. Although the intangible assets generate revenue for us, we exclude this item because this expense is non-cash in nature and because we believe the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding our operational performance.
     
    Non-cash stock compensation: Non-cash stock compensation consists of charges for employee restricted stock units, performance shares and stock options in accordance with current GAAP related to stock-based compensation including expense associated with stock-based compensation related to unvested options assumed in connection with our acquisitions. As we apply stock-based compensation standards, we believe that it is useful to investors to understand the impact of the application of these standards to our operational performance. Although stock-based compensation expense is calculated in accordance with current GAAP and constitutes an ongoing and recurring expense, such expense is excluded from non-GAAP results because it is not an expense that typically requires or will require cash settlement by us and because such expense is not used by us to assess the core profitability of our business operations.
     
    Restructuring charges: During the past several years, we have initiated certain restructuring activities in order to align our costs in connection with both our operating plans and our business strategies based on then-current economic conditions. As a result, we recognized costs related to termination benefits for employees whose positions were eliminated, lease and other contract termination charges, and asset impairments. These items, as well as third party expenses associated with business acquisitions in the prior years, reported as gains, losses, and other items, net, are excluded from non-GAAP results because such amounts are not used by us to assess the core profitability of our business operations.
     
    Transformation costs: In previous years, we incurred significant expenses to separate the financial statements of our operating segments, with particular focus on segment-level balance sheets, and to evaluate portfolio priorities. Our criteria for excluding transformation expenses from our non-GAAP measures is as follows: 1) projects are discrete in nature; 2) excluded expenses consist only of third-party consulting fees that we would not incur otherwise; and 3) we do not exclude employee related expenses or other costs associated with the ongoing operations of our business. We substantially completed those projects during the third quarter of fiscal year 2018. Beginning in the fourth quarter of fiscal 2018, and through most of fiscal 2019, we incurred transaction support expenses and system separation costs related to the Company’s announced evaluation of strategic options for its Marketing Solutions (AMS) business. In the first and second quarters of fiscal 2021 in response to the potential COVID-19 pandemic impact on our business and again during fiscal 2023 in response to macroeconomic conditions, we incurred significant costs associated with the assessment of strategic and operating plans, including our long-term location strategy, and assistance in implementing the restructuring activities as a result of this assessment.  Our criteria for excluding these costs are the same. We believe excluding these items from our non-GAAP financial measures is useful for investors and provides meaningful supplemental information.
     
    Our non-GAAP financial schedules are:
     
    Non-GAAP EPS, Non-GAAP Income from Operations, and Non-GAAP expenses: Our Non-GAAP earnings per share, Non-GAAP income from operations, Non-GAAP operating income margin, and Non-GAAP expenses reflect adjustments as described above, as well as the related tax effects where applicable.
     
    Adjusted EBITDA: Adjusted EBITDA is defined as net income from continuing operations before income taxes, other income and expenses, depreciation and amortization, and including adjustments as described above. We use Adjusted EBITDA to measure our performance from period to period both at the consolidated level as well as within our operating segments and to compare our results to those of our competitors. We believe that the inclusion of Adjusted EBITDA provides useful supplementary information to and facilitates analysis by investors in evaluating the Company’s performance and trends. The presentation of Adjusted EBITDA is not meant to be considered in isolation or as an alternative to net earnings as an indicator of our performance.
     
    Free Cash Flow: To supplement our statement of cash flows, we use a non-GAAP measure of cash flow to analyze cash flows generated from operations. Free cash flow is defined as operating cash flow less capital expenditures. Management believes that this measure of cash flow is meaningful since it represents the amount of money available from continuing operations for the Company’s discretionary spending. The presentation of non-GAAP free cash flow is not meant to be considered in isolation or as an alternative to cash flows from operating activities as a measure of liquidity.
     

    PDF available: http://ml.globenewswire.com/Resource/Download/f10eae40-8315-4829-8708-f54db5dee34b

    The MIL Network –

  • MIL-OSI New Zealand: Commonsense financial reforms underway

    Source: NZ Music Month takes to the streets

    Last night the Government took a major step toward restoring common sense to financial regulation, with the first readings of three important reform bills, says Commerce and Consumer Affairs Minister Scott Simpson.

    “Our Government is delivering on its promise to make it easier for New Zealanders to access the financial services they need, whether it’s buying a home, growing a business, or simply managing everyday life,” says Mr Simpson.

    “For too long, New Zealanders have been trapped by rules that are overly bureaucratic, unnecessarily repetitive, and sometimes just downright silly. Today, we’ve begun to fix that.”

    The Credit Contracts and Consumer Finance Amendment Bill, the Financial Markets Conduct Amendment Bill, and the Financial Service Providers (Registration and Dispute Resolution) Amendment Bill are the first legislative steps in a broader package aimed at rewiring New Zealand’s financial services regulation. Together, they form part of a comprehensive overhaul that will rebalance the system to ensure consumer protection without stifling access to credit or innovation.

    “For many Kiwis, the absurdity of past rules became clear when banks were forced to quiz them about what they’d been spending on takeaways or Netflix subscriptions before approving a mortgage. That wasn’t responsible lending, it was regulatory overreach.”

    These three bills focus on addressing some of the most counterproductive aspects of the current law:

    • Regulators empowered to take proactive action: The Financial Markets Authority will be given the tools needed to effectively oversee lending, banking and insurance markets to the benefit of consumers.
    • Removing unnecessary personal liability: Senior managers and directors will no longer face personal liability for compliance failures. Responsibility will sit with the businesses, where it belongs.
    • Streamlining licensing requirements: Financial service providers will no longer need to hold multiple overlapping conduct licences, reducing duplication and compliance costs across the sector.
    • Improving dispute resolution services: The Bill strengthens oversight and independent governance of financial dispute resolution schemes, ensuring Kiwis can have confidence in fair, effective support when things go wrong.
    • A fairer and more proportionate approach to non-disclosures: Another change, which will apply retrospectively for the period between 2015 and 2019, will enable the courts to apply greater discretion when a lender has failed to disclose certain information to consumers.

    “These changes are pro-consumer, pro-competition, and pro-growth. They ensure that financial institutions are held to account without being tied up in needless red tape that drives up costs for everyone.”

    The reform package delivers on a core part of the National-ACT coalition agreement to rewrite the Credit Contracts and Consumer Finance Act 2003.

    “These changes are about enabling our economy to flourish. Financial regulation should protect people, not block their ambitions. This progress means we’re one step closer to a more dynamic, fair, and accessible financial system for all.”

    Notes to editors

    Fact sheet for the Bills is attached.

    MIL OSI New Zealand News –

  • MIL-OSI: Check Point Software Technologies Named One of America’s Best Cybersecurity Companies by Newsweek and Statista

    Source: GlobeNewswire (MIL-OSI)

    REDWOOD CITY, Calif., May 21, 2025 (GLOBE NEWSWIRE) — Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced it has been recognized on Newsweek’s 2025 list of America’s Best Cybersecurity Companies. This prestigious acknowledgment underscores Check Point’s commitment to delivering AI-powered security solutions and its dedication to preventing cyber threats and protecting digital trust globally.

    Newsweek’s annual ranking, developed in collaboration with Statista, evaluates companies based on public sentiment and expert evaluations, covering topics including service quality, professional quality, product satisfaction, false positive rate and threat response time criteria including innovation, customer satisfaction, and overall excellence in cybersecurity. Check Point’s inclusion in this list highlights its role as a trusted partner for over 100,000 organizations worldwide, offering comprehensive security across networks, cloud environments, endpoints, and mobile devices.

    “We are honored to be recognized by Newsweek as one of America’s Best Cybersecurity Companies,” said Shashi Kiran, Chief Marketing Officer at Check Point Software. “This accolade reflects our team’s relentless pursuit of excellence and our mission to secure and empower organizations to operate confidently in today’s digital landscape.”

    This recognition adds to a series of accolades for Check Point, including being named one of the World’s Best Companies by TIME and Statista in 2024 and earning a spot on the Forbes list of the World’s Best Employers for five consecutive years.

    Follow Check Point via:
    LinkedIn: https://www.linkedin.com/company/check-point-software-technologies
    X: https://www.twitter.com/checkpointsw
    Facebook: https://www.facebook.com/checkpointsoftware
    Blog: https://blog.checkpoint.com
    YouTube: https://www.youtube.com/user/CPGlobal

    About Check Point Software Technologies Ltd. 

    Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading protector of digital trust, utilizing AI-powered cyber security solutions to safeguard over 100,000 organizations globally. Through its Infinity Platform and an open garden ecosystem, Check Point’s prevention-first approach delivers industry-leading security efficacy while reducing risk. Employing a hybrid mesh network architecture with SASE at its core, the Infinity Platform unifies the management of on-premises, cloud, and workspace environments to offer flexibility, simplicity and scale for enterprises and service providers.

    Legal Notice Regarding Forward-Looking Statements  
    This press release contains forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding future growth, the expansion of Check Point’s industry leadership, the enhancement of shareholder value and the delivery of an industry-leading cyber security platform to customers worldwide. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 2, 2024. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking statements, except as required by law.

    The MIL Network –

  • MIL-OSI: U.S. Growth Strategy: Boralex Signs Contracts for Two New York Solar Projects Totaling 450 MW

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, May 21, 2025 (GLOBE NEWSWIRE) — Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce it has entered into a Renewable Energy Standard Agreement with the New York State Energy Research and Development Authority (NYSERDA) to procure Tier-1 RECs from each of its Fort Covington Solar Project and Two Rivers Solar Project, totaling 450 MW. The signing of these contracts marks a significant milestone in Boralex’s contribution to renewable energy in New York and in the Company’s development in this promising market.

    These contracts were awarded as part of NYSERDA’s 2024 Renewable Energy Standard Competitive Solicitation for the purchase of New York Tier-1 Eligible Renewable Energy Certificates (RECs). Each REC represents the environmental attributes of one megawatt-hour of electricity generated from an eligible renewable source such as solar energy.

    The two solar facilities will be located in Franklin and St. Lawrence Counties in upstate New York, with permit applications currently under review by the state Office of Renewable Energy Siting and Electric Transmission:

    “New York is committed to building a clean energy economy, and Boralex is honored to meaningfully contribute toward achieving the State’s renewable energy targets,” said Patrick Decostre, President and Chief Executive Officer of Boralex. “We appreciate NYSERDA’s confidence in our projects. New York State is a strategic growth market for Boralex, and we are proud to support the State’s renewed commitment to advancing clean energy infrastructure.”

    “Our execution of these contracts for the Fort Covington and Two Rivers projects reflects Boralex’s strategic focus on growing our U.S. renewable energy platform,” added Hugues Girardin, Executive Vice President, General Manager North America, Boralex. “We are extremely proud of our teams, whose expertise and dedication continue to drive Boralex’s successful expansion across North America in response to the consistently strong demand for green electricity.”

    “Renewable energy projects like Fort Covington and Two Rivers, are crucial to New York’s clean energy transition,” said NYSERDA President and CEO Doreen M. Harris. “Additionally, public-private partnerships like this will bring meaningful benefits to Franklin and St. Lawrence counties by spurring economic investments and delivering affordable and locally-sourced energy to residents of these communities.”

    “This is very exciting news for our town and the state as it looks to achieve its climate goals,” said Mark Peets, Supervisor of the Town of Brasher. “Throughout the development of this project, Boralex has done an excellent job communicating  the benefits to our community. They’ve listened to our concerns and, more importantly, made meaningful project changes that have helped build trust and support. We look forward to the hundreds of construction jobs, and tens of millions of dollars in economic development these projects will provide.”

    “These developments are great news for our community and the surrounding area,” said Susan Bellor, Supervisor, Town of Massena. “I very much look forward to continuing to strengthen the relationship between Boralex and our town, and I’m excited about the long-term positive economic impact the project will have – not only for the participating landowners, but the broader community.”

    “Small towns like ours don’t often get opportunities like this,” said Pat Manchester, Supervisor of the Town of Fort Covington. “The Fort Covington Solar Project represents a major investment in our community and our future. We’re excited about the jobs, increased tax revenues, and the momentum it brings for sustainable economic growth. Boralex has been a transparent, responsive partner throughout this process, and we’re proud to host a project of this scale and significance.”

    Construction of both projects is expected to begin in 2026, and are expected to be commissioned in 2028. They will bring substantial economic, social, and environmental benefits to New York State and to local communities. Once constructed, the projects will together provide enough energy to power approximately 105,000 homes, support approximately 300 to 400 construction jobs, and create long-term operational roles, further strengthening the local economy and advancing the State’s transition to clean energy.

    Caution Regarding Forward-Looking Statements  

    Some of the statements contained in this press release, including those regarding the start of construction of the projects and their commissioning, are forward-looking statements based on current expectations, within the meaning of securities legislation. Boralex would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results or the measure it adopts could differ materially from those indicated by or underlying these statements, or could have an impact on the degree of realization of a particular forward-looking statement. Unless otherwise specified by the Company, the forward-looking statements do not take into account the possible impact on its activities, transactions, non-recurring items or other exceptional items announced or occurring after the statements are made. There can be no assurance as to the materialization of the results, performance, or achievements as expressed or implied by forward-looking statements. The reader is cautioned not to place undue reliance on such forward-looking statements. Unless required to do so under applicable securities legislation, Boralex management does not assume any obligation to update or revise forward-looking statements to reflect new information, future events or other changes. 

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has increased by more than 50% to over 3.2 GW. We are developing a portfolio of projects in development and construction of more than 8 GW in wind, solar and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, LinkedIn and Instagram.

    For more information

    MEDIA INVESTOR RELATIONS
    Camille Laventure
    Senior Advisor, Public Affairs and External Communications

    Boralex Inc.

    438 883-8580
    camille.laventure@boralex.com

    		 Stéphane Milot
    Vice President, Investor Relations and Financial Planning and Analysis

    Boralex Inc.

    514 213-1045
    stephane.milot@boralex.com
       
    MEDIA – NORTH AMERICA  
    Zachary Hutchins
    Manager, Public Affairs and Communications

    Boralex Inc.

    518 727-6155
    zachary.hutchins@boralex.com

    		  

    Source: Boralex inc.        

    The MIL Network –