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  • MIL-OSI: Aptean Apparel Shop Floor Control Wins Best New Concept at the 2025 Texprocess Innovation Awards

    Source: GlobeNewswire (MIL-OSI)

    ALPHARETTA, Ga., May 15, 2025 (GLOBE NEWSWIRE) — Aptean’s Apparel Shop Floor Control has been awarded Best New Concept at the 2025 Texprocess Innovation Awards. This real-time production management solution provides apparel manufacturers with instant access to critical data and insights, enhancing efficiency, visibility and increasing workforce productivity. The recognition reinforces Aptean’s commitment to delivering enterprise solutions that drive smarter decision making for manufacturers.

    To further support apparel manufacturers in navigating today’s challenges, Aptean has introduced AI-powered tools that streamline troubleshooting, making the process faster and more intuitive for customers.

    The Texprocess award spotlights Aptean Shop Floor Control, alongside Aptean’s ERP and PLM solutions, and its revolutionary, new AI-driven platform, AppCentral. Custom-built to streamline operations and integrate Aptean tools seamlessly, AppCentral is designed to support the apparel industry stay ahead in an increasingly dynamic market.

    “Aptean is honored to receive the Best New Concept award,” said TVN Reddy, CEO of Aptean. “Aptean Shop Floor Control empowers manufacturers to take control of their operations with the right solutions to optimize performance, reduce costs and improve efficiency – all in real time. As an AI-first company, we believe AI generates the most value when integrated across a comprehensive suite of solutions tailored to the industry’s needs. Aptean’s offerings span ERP, Product Lifecycle Management, (PLM), Electronic Data Interchange (EDI) and Shop Floor Control, ensuring an end-to-end approach that goes beyond what traditional ERPs provide. Now with AppCentral at the core of our AI strategy, we are committed to delivering exponentially greater value for our apparel customers.”

    Texprocess Americas 2025 is the premier event of the year for the apparel industry and showcases the entire global textile value chain, from high-tech textiles and smart art fabrics, to processing technologies like design, cutting, sewing and logistics. The 2025 Texprocess Innovations Awards honor exceptional performance in the fields of new materials products and technologies as well as applications and concepts. The awards have been designed to make innovative developments visible, promote unconventional thinking and intensify dialogue between researchers, manufacturers and users. A key criterion is that an innovation must have been discovered or invented, developed, introduced and institutionalized.

    Taking the Next Step with Aptean
    Companies seeking to accelerate their operations with tailored AI-driven intelligence can connect with an Aptean specialist for a discussion on how this purpose-built ERP solution can transform their apparel business. Personalized demos are available and Aptean provides regular webinars to view the technology in action.

    Act now and move into the future of Apparel with tailored intelligence.

    About Aptean: Aptean is one of the world’s leading providers of purpose-built, industry-specific software that helps manufacturers and distributors effectively run and grow their businesses. With both cloud and on-premises deployment options, Aptean’s products, services and unmatched expertise help businesses of all sizes to be Ready for What’s Next, Now®. Aptean is headquartered in Alpharetta, Georgia, USA, and has offices in North America, Europe, and Asia-Pacific.
    To learn more about Aptean and the markets we serve, visit www.aptean.com.
    Aptean and Ready for What’s Next, Now are Registered Trademarks of Aptean, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

    For Media Inquiries Please Contact
    MediaRelations@Aptean.com

    The MIL Network –

  • MIL-OSI: Micropolis to Present at the Aegis Capital Corp. 2025 Virtual Conference on May 20th

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, May 15, 2025 (GLOBE NEWSWIRE) — Micropolis Holding Co. (“Micropolis” or the “Company”) (NYSE: MCRP), a pioneer in unmanned ground vehicles and AI-driven security solutions, today announced that its management team is scheduled to present at the Aegis Capital Corp. 2025 Virtual Conference on May 20, 2025.

    Presentation Details:
    Date: May 20, 2025
    Time: 12:30 p.m. ET
    Webcast: Register Here

    For more information, please contact your Aegis Capital representative or email KCSA Strategic Communications at Micropolis@kcsa.com.

    About Micropolis Holding Co.
    Micropolis is a UAE-based company specializing in the design, development, and manufacturing of unmanned ground vehicles (UGVs), AI systems, and smart infrastructure for urban, security, and industrial applications. The Company’s vertically integrated capabilities cover everything from mechatronics and embedded systems to AI software and high-level autonomy.

    For more information please visit www.micropolis.ai.

    Investor Contact:
    KCSA Strategic Communications
    Valter Pinto, Managing Director
    PH: (212) 896-1254
    Valter@KCSA.com

    Media Contact:
    Jessica Starman
    media@elev8newmedia.com

    The MIL Network –

  • MIL-OSI: Drone as a Service Market Well Poised for Sustained Growth in Commercial, Industrial and Civic Usage

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 15, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Industry experts are expecting the Drone Service market to flourish. One such report from FACT.MR projected that the drone services market is valued at USD 8.66 billion in 2025 and the industry will grow at a CAGR of 14.3% and reach USD 32.96 billion by 2035. The report said: “In 2024, the drone services industry recorded dynamic shifts fueled by regulatory clarity, commercial adoption, and end-user digitization efforts. Fact.MR analysis found that demand surged notably in the precision agriculture segment, particularly across North America and Western Europe, as growers adopted drone-based imaging and multispectral analysis to improve field-level decision-making. In the mining as well as construction sectors, companies increased use of aerial mapping, which provided real-time volumetric analysis as well as site safety compliance. At the same time, drone-enabled monitoring made substantial progress in city policing and border security, with large pilot schemes initiated in the Middle East and South Asia. Commercial media organizations, event producers, and property agents also ramped up drone-based photography as well as filming in anticipation of increasing visual content needs. These trends reinforced a larger move away from use-case limitations toward operational adoption across industries.”   Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Vertical Aerospace (NYSE: EVTL), Unusual Machines, Inc. (NYSE American: UMAC), NVIDIA Corporation (NASDAQ: NVDA), Archer Aviation Inc. (NYSE: ACHR).

    FACT.MR continued: “As the sector moves into 2025, the environment is on the cusp of increased scalability. Business drone fleets are moving from pilot to standard operations, particularly in logistics and asset inspection. Fact.MR indicates that increasing adoption of AI-driven navigation, enhanced battery density, and BVLOS (Beyond Visual Line of Sight) capabilities will drastically enhance service accuracy and cost-effectiveness. Valued at USD 8.66 billion in 2025 and expected to reach USD 32.96 billion by 2035 at a CAGR of 14.3%, the industry is well placed for sustained growth in industrial and civic usage. To stay ahead, companies must immediately pivot toward building integrated drone service platforms that combine AI-enabled flight autonomy, sector-specific analytics, and BVLOS capabilities. This intelligence highlights a shift from isolated deployments to enterprisescale drone ecosystems, requiring the client to reprioritize R&D toward modular, scalable solutions for logistics, agriculture, and infrastructure sectors.”

    ZenaTech (NASDAQ:ZENA) Reports Nearly Double Revenue Year-Over-Year for the First Quarter of 2025 – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces financial results for the first quarter 2025.

    First Quarter 2025 Highlights:

    • Total revenues for the first quarter of 2025 were $1.13 million, up 92% compared to $591,379 for the first quarter of 2024 primarily due to acquisitions and organic growth.
    • ZenaTech’s new Drone as a Service or DaaS segment grew from completing two acquisitions of land survey drone servicing companies ─ Oregon-based Weddle Surveying and Florida-based KJM Land Surveying. The Company also signed five LOIs (Letter of Intent) for additional acquisitions during the quarter.
    • The company acquired Othership, a UK workplace management software company supporting its enterprise SaaS software segment, where it plans to leverage workplace AI and quantum computing productivity solutions targeting business and government customers.
    • The company made investments in longer term growth and in new segment development that caused general and administrative expenses to increase to $5.75 million in Q1 2025 versus about $0.7 million in Q1 of 2024. This primarily consisted of sales and marketing activities, new hires, professional services, and finance expenses.
    • ZenaTech made investments in its subsidiary ZenaDrone’s UAE manufacturing capabilities during the quarter, including hiring 35 new engineers and technicians. Also announced was the opening of a drone testing facility in Turkey for beyond-the-line-of-sight drone testing.
    • Drone product highlights in Q1 include finalizing the third-generation design and “production model” of the ZenaDrone 1000 drone that will enable the start of scaling up of production. The company also announced the IQ Square drone has moved from prototype to manufacturing stage.
    • The commence of work on a heavy-lift gas-powered ZD 1000 model for longer fight times for US defense applications took place during the quarter. Testing also commenced on a new high-density drone battery and a proprietary communications system for this drone.
    • The company reported that ZenaDrone is preparing for Green UAS followed by Blue UAS certification required to sell to the US Military. Additionally, it is reviewing and putting in place cybersecurity practices, documentation, and internal controls necessary to apply for this certification.
    • ZenaTech further expanded its Taiwan drone component manufacturer─ Spider Vision Sensors, adding additional engineering and business development staff. It also announced the first Blue UAS-certifiable drone sensors are under development.

    “The first quarter of 2025 was a very strong and encouraging start to the year as revenue nearly doubled, up 92% primarily due to acquisitions and organic growth across both our software and drone segments,” said CEO Shaun Passley, Ph.D. “During the first quarter we launched our Drone as a Service or DaaS business segment with a vision to have a national footprint in the US and globally.”

    “Although expenses increased during the first quarter, these are investments intended to grow the company over the long-term, namely in marketing, manufacturing, product development and testing capacity, which we believe will yield future rewards.

    “We believe that this quarter’s performance demonstrates that our strategy to disrupt legacy businesses like land surveys via a DaaS business model is on track. Our momentum is strong, and we are well positioned to expand our range of drone services with a pipeline of over 20 acquisitions over the next 12 months,” concluded Dr. Passley. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    In Additional ZENA News: ZenaTech’s (NASDAQ:ZENA) Expands Drone-as-a-Service (DaaS) Exterior Building Power Washing to Dubai Tapping into a Global Drone Cleaning Services Market Growing to USD 13 Billion by 2030 – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announced it is expanding its United Arab Emirates (UAE) presence by establishing a new office to sell Drone-as-a-Service (DaaS) offerings based in Dubai. Initially this office will focus on delivering drone-powered cleaning services for building exteriors using the IQ Square drone tethered to a water pipe and electrical cord. The company is currently obtaining a permit from the Dubai Civil Aviation Authority to begin power wash testing and operations. Supporting this expansion, ZenaTech will hire two business development managers and up to four additional drone pilots, with drones supplied from its subsidiary ZenaDrone which has a manufacturing hub in nearby Sharjah.

    The global drone power washing market falls under a broader drone cleaning services market category that was valued at approximately USD 4.36 billion in 2023 and is projected to reach USD 13.2 billion by 2030, growing at a compound annual growth rate (CAGR) of almost 17% according to market analyst Valuates Reports , fueled by increasing demand for safe, efficient and cost-effective maintenance solutions.

    “With rising demand for tech-enabled and efficient maintenance solutions, whether for power washing buildings, renewable energy assets, or public spaces, we believe AI-powered drones will bring new safety standards, cost-efficiency, and greater environmental sustainability to maintenance tasks. UAE’s openness to innovative technology makes it an ideal launchpad for these DaaS solutions that we hope to expand to all seven emirates in addition to the US and Europe,” said CEO Shaun Passley, Ph.D.   Continued… Read this full release by visiting: https://www.zenatech.com/newsroom/

    Other recent developments in the drone industry include:

    Vertical Aerospace (NYSE: EVTL), a global aerospace and technology company that is pioneering electric aviation, recently provided an operating update and released financial results for the first quarter ended March 31, 2025. The first quarter 2025 results filing is accessible on the Company’s investor relations website.

    Stuart Simpson, CEO at Vertical, said: “2025 is on pace to be a transformational year for Vertical as we advance our piloted flight test programme and move into the final flight test phases. With the announcement of our hybrid-electric programme – opening up new high-value markets – and the expansion of our partnership with Honeywell to certify critical flight systems, we are deepening our technical and commercial edge. With growing regulatory confidence in the VX4 and a strong team behind us, we’re well positioned to deliver a scalable, certifiable aircraft to the global market.”

    Unusual Machines, Inc. (NYSE American: UMAC) (“Unusual Machines” or the “Company”), a leading U.S. manufacturer of drone components, recently announced it will exhibit at AUVSI XPONENTIAL 2025, the premier event for autonomy and uncrewed systems, taking place May 20-22, 2025, at the George R. Brown Convention Center in Houston, Texas.

    Unusual Machines will host a booth on the expo floor, where the Company will feature its new U.S.-made FPV motors and its growing portfolio of Blue UAS Framework-approved drone components. These offerings underscore Unusual Machines’ commitment to delivering high-performance, NDAA-compliant drone technology for defense, commercial, and public safety applications.

    Attendees are invited to visit the booth for product demonstrations and to meet with representatives from Unusual Machines. The Company will be actively engaging with integrators, OEMs, and procurement professionals throughout the event and will be ready to take orders on-site.

    Vision software company Foresight Autonomous Holdings has integrated NVIDIA Corporation (NASDAQ: NVDA) Jetson Orin generative AI computing modules into its 3D-perception system.

    Foresight is using Nvidia’s Jetson Orin Nano and Jetson AGX Orin modules to improve the capabilities of its perception systems deployed in various use cases, with a major focus on autonomous drones and unmanned aerial vehicles.

    The Jetson modules, which are used in generative AI, computer vision and advanced robotics, upgrade Foresight’s vision system with the computing power needed for autonomous drones and UAVs, according to Foresight.

    Archer Aviation Inc. (NYSE: ACHR) recently announced operating and financial results for the first quarter ended March 31, 2025. The Company issued a shareholder letter discussing those results, as well as its second quarter 2025 estimates.

    Commenting on first quarter 2025 results, Adam Goldstein, Archer’s founder and CEO, said: “Archer’s pushing the boundaries of what’s possible and reshaping the future of aviation for years to come. This quarter, the team made strong progress across our civil and defense efforts as we continue to deepen our strategic partner relationships and prepare for commercialization in the UAE later this year.”

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:

    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Metafoodx Raises $9.4M to Fight Food Waste with AI

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., May 15, 2025 (GLOBE NEWSWIRE) — Metafoodx, the AI food operations company, today announced it has raised $9.4 million in funding led by Trustbridge Partners, with participation from BlueRun Ventures and ScalableVision Capital. The funding will help Metafoodx fight widespread food waste in commercial kitchens with its powerful 3D AI scanner.

    Without tools to track consumption and forecast production, the food service industry can overproduce by 20–30%, wasting $382 billion in food each year. As prices climb and margins shrink, profitably delivering high-quality meals has never been more challenging.

    “Commercial kitchens are turning to technology to reduce waste, control costs and meet sustainability goals, catapulting the food technology market to more than $80 billion in the next five years,” said the lead investor at Trustbridge Partners. “Metafoodx has tapped into this opportunity with advanced AI and scanning technology in a sleek, practical device that delivers fast ROI and savings.”

    In seconds, Metafoodx’s 3D AI scanner captures an item’s image, weight and temperature; links it to the menu; and automatically logs it for food safety compliance. It keeps track of whether leftovers are composted, donated or reused. Because it tracks and analyzes operations across ordering, prep, plate and waste, Metafoodx accurately forecasts future production needs based on actual consumption. This innovative use of AI earned Metafoodx a 2025 Kitchen Innovations Award from the National Restaurant Association, judged by food service experts from the Air Force, Aramark and Disney.

    “The magic behind Metafoodx is our ability to tackle food waste at its source,” said Fengmin Gong, co-founder and CEO of Metafoodx. “We’ve made it incredibly easy for operators to use data from their own kitchens to improve ordering, food prep and serving to reduce their waste by 90%.”

    To learn more about Metafoodx, visit the company website and connect with the team at the National Restaurant Association Show, May 17-20, 2025, in Chicago at booths #4097 and #8433.

    About Metafoodx
    Metafoodx is a patented, AI-powered food operations platform that helps commercial kitchens reduce waste, optimize production and drive sustainability through real-time data and automation. Trusted by leading universities and food service providers, Metafoodx delivers measurable impact, including up to a 50% reduction in food waste and a 200% ROI within weeks of deployment. Metafoodx is a 2025 Kitchen Innovations Award winner, recognized by the National Restaurant Association for advancing efficiency and productivity in food operations.

    Visit metafoodx.com, and follow the company on LinkedIn, X and YouTube.

    Media Contact
    Liesse Jayalath
    metafoodx@lookleftmarketing.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/33fdc362-bfb7-46ea-8c31-fcc4997e39f7

    A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/17b0eb87-376d-4c74-b91c-aeb17e5429a4

    The MIL Network –

  • MIL-OSI Global: Kenya has a bold new disability law: now to make it work

    Source: The Conversation – Africa – By Amani Karisa, Associate Research Scientist, African Population and Health Research Center

    Kenya has long recognised the rights of persons with disabilities in law. The 2010 constitution guarantees access, dignity and inclusion for people living with disabilities.

    Two years earlier in 2008, Kenya ratified the UN Convention on the Rights of Persons with Disabilities. And Kenya’s 2003 Persons with Disabilities Act formed the legal foundation for promoting the rights and welfare of persons with disabilities.

    But these legal promises remain largely aspirational. Their provisions are rarely translated into everyday realities. Many Kenyans with disabilities still face stigma, inaccessible environments, unequal education opportunities and limited access to employment.

    Many schools remain exclusionary due to inaccessible physical infrastructure. This includes classrooms and latrines that lack ramps or hinder mobility for children with disabilities.

    Public transport is often unusable for wheelchair users.

    Employers continue to overlook applicants with disabilities. Between 2019 and 2023, for instance, persons with disabilities faced higher unemployment rates at around 10.4% against a national average of 5.2%.

    The fact that there are disputes over the number of Kenyans with disabilities is also telling. The 2019 census recorded 2.2% of the population – fewer than 1 million people – as having disabilities. This is far below the World Report on Disability’s estimates of an average of around 15%. This undercount reflects both cultural stigma and systemic gaps in how disability is understood and reported.

    As someone who has spent more than a decade researching disability in Kenya, I have seen how the promise of rights is often undercut by structural and social barriers. This has come through in my own research and that of others.

    The persistent failure to translate rights into tangible outcomes for persons with disabilities created urgency for change.

    The Kenyan government has finally acted. In May 2025, the country’s parliament passed the Persons with Disabilities Act 2025.

    The new law expands the definition of disability to encompass a broader range of impairments. This ensures more individuals are recognised and protected under the law. The law also mandates accessibility across sectors such as education, employment, healthcare and public services, requiring reasonable accommodations and prohibiting discrimination.

    In my view, the new law reflects a broader move from symbolic recognition to legal obligation. But passing a law is just the beginning. Implementation will be the real test.

    What’s been missing

    In my research, and that of others, the question of why the 2003 law did little to shift everyday exclusion has been addressed. A few things were apparent.

    First, employment quotas were suggested but never enforced. Discrimination in hiring and promotions was prohibited in theory, but was common in practice.

    Second, there has been little support for caregivers.

    Third, there was minimal access to assistive technologies (which are tools designed to help persons with disabilities perform tasks and improve their quality of life, such as mobility aids, communication devices and adaptive software).

    Fourth, children with disabilities in Kenya have faced significant barriers to education. Their enrolment and completion rates are consistently lower than those of their non-disabled peers.

    Rather than disability being the problem, it is the lack of accommodation, inclusive policies and public understanding that creates exclusion. This is a core insight of the social model of disability, which views disability as arising from the interaction between individuals and an unaccommodating society. This perspective explains that people are disabled not by their bodies but by barriers in society – like stairs without ramps or employers who won’t adapt.

    What the new law promises

    Some key changes in the new law stand out:

    • Workplace inclusion: public bodies must now ensure that at least 5% of jobs are held by persons with disabilities. This provision, although previously suggested, now comes with clearer oversight requirements. Private employers are both mandated and incentivised to create inclusive workplaces. Reasonable accommodations, such as accessible workstations or flexible hours, can be counted as deductible expenses.

    • Access to public services and spaces: the law requires that buildings, roads and services be made accessible. Hospitals must have trained sign language interpreters. Schools must adapt their admission criteria, curricula and facilities to include learners with disabilities. These requirements signal a move away from treating accessibility as optional or charitable.

    • Tax relief and registration reforms: caregivers can now qualify for tax exemptions. Additionally, persons with long-term disabilities now receive permanent registration, ending the need for repeated reassessments – a process many found tedious, involving hospital visits, missing forms, long delays and limited assessment centres.

    • Stronger institutional framework: the National Council for Persons with Disabilities has been given more robust powers, including enforcement, monitoring and management of disability-related funding. The law also recommends the use of affirming and respectful language in public communication – a subtle but essential step in reducing stigma.

    The law incorporates disability considerations into sector-specific practices. For example, the law requires justice sector actors to consider disability when arresting, detaining or trying someone.

    What needs to happen now

    The government must act swiftly to implement supporting regulations. Funding is needed to retrofit public buildings, hire staff to support individuals with disabilities, and subsidise assistive devices. Without proper budgeting, the law risks becoming another unfulfilled promise.

    Employers and institutions must do more than comply: they must transform their attitudes. Disability inclusion should be built into human resources practices, school policies and service design. Training will be key.

    Public awareness must improve. Many Kenyans still see disability through a medical or charitable lens. There need to be national campaigns on radio, TV and social media that shift public understanding toward inclusion and equality.

    Finally, persons with disabilities must be central to the law’s implementation. Inclusion must be driven by those who live the reality of exclusion. Their insights are essential to making services responsive and respectful.

    The 2025 Act is an important step. But if it is not backed by funding, political will and public education, its potential will remain unrealised.

    The real question is not whether the law is good enough, but whether Kenya’s institutions, communities and leaders are prepared to make it work for those it was designed to serve.

    Amani Karisa works for the African Population and Health Research Center. He receives funding from Gates Foundation and Echidna Giving.

    – ref. Kenya has a bold new disability law: now to make it work – https://theconversation.com/kenya-has-a-bold-new-disability-law-now-to-make-it-work-256646

    MIL OSI – Global Reports –

  • MIL-OSI: Brag House CEO Lavell Juan Malloy II Featured in Authority Magazine’s “Startup Revolution” Series

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) — Brag House Holdings, Inc. (NASDAQ: TBH) (“Brag House” or the “Company”), the premier Gen Z engagement platform at the intersection of gaming, college sports, and social interaction, today announced that CEO and Co-Founder Lavell Juan Malloy II was profiled in Authority Magazine’s widely read Startup Revolution series, which highlights innovative companies and the leaders reshaping their industries.

    In the interview, Malloy reflects on the founding of Brag House, the challenges and lessons learned while scaling the business, and the Company’s commitment to redefining how Gen Z connects with brands, sports, and digital communities.

    “We are creating more than just a platform—we are building a new digital sports medium tailored to Gen Z,” said Lavell Juan Malloy II, CEO and Co-Founder of Brag House. “It’s about creating a space where school pride, gaming, and meaningful engagement collide in a way that speaks directly to how Gen Z interacts with culture and brands.”

    The profile discusses Brag House’s:

    • Origins from a community gap left by the discontinuation of EA’s NCAA Football game;
    • Landmark partnerships with Coca-Cola, McDonald’s, and Learfield to support immersive, college-aligned gaming activations;
    • New initiatives like the Brag Gators Gauntlet series and the upcoming rollout of a subscription-based insights product, designed to help brands connect with Gen Z in a privacy-first, data-rich manner.

    “By merging gameplay with school spirit, and backing it with real-time analytics and scalable monetization tools, we’re creating a powerful framework that will enable brands to reach Gen Z with greater precision, authenticity, and ROI,” added Malloy.

    As highlighted in the Company’s recent 10-K filing, Brag House is executing a multi-university activation roadmap with Learfield and continuing to invest in platform enhancements, branded experiences, NIL-integrated content, and digital loyalty tokens to scale its revenue model and user base.

    To read the full Authority Magazine interview, visit: https://medium.com/authority-magazine/startup-revolution-lavell-juan-malloy-ii-of-brag-house-on-how-their-emerging-startup-is-changing-c960cbd576aa

    About Brag House
    Brag House is a leading media technology gaming platform dedicated to transforming casual college gaming into a vibrant, community-driven experience. By seamlessly merging gaming, social interaction, and cutting-edge technology, the Company provides an inclusive and engaging environment for casual gamers while enabling brands to authentically connect with the influential Gen Z demographic. The platform offers live-streaming capabilities, gamification features, and custom tournament services, fostering meaningful engagement between users and brands. For more information, please visit www.braghouse.com.

    Forward-Looking Statements
    This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this press release include, but are not limited to, statements relating to the Company’s strategic roadmap, potential monetization of new products or features, brand partnerships, or expected growth in user engagement. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated. Please refer to the “Risk Factors” section of the Company’s filings with the Securities and Exchange Commission, available at www.sec.gov. The Company assumes no obligation to update any forward-looking statements except as required by law.

    Media Contact:
    Fatema Bhabrawala
    Director of Media Relations
    fbhabrawala@allianceadvisors.com

    Investor Relations Contact:
    Adele Carey
    VP, Investor Relations
    ir@thebraghouse.com

    The MIL Network –

  • MIL-OSI: Hallador Energy to Participate in Upcoming Investor Conferences

    Source: GlobeNewswire (MIL-OSI)

    TERRE HAUTE, Ind., May 15, 2025 (GLOBE NEWSWIRE) — Hallador Energy Company (Nasdaq: HNRG) (“Hallador” or the “Company”), today announced its participation in three upcoming investor conferences scheduled for May and June 2025.

    • B. Riley Securities 25th Annual Investor Conference is being held May 21-22 at The Ritz Carlton in Marina del Rey, CA. The Company will participate in an analyst hosted roundtable and hold 1×1 meetings throughout the day on May 21.
    • Jefferies Power Conference is being held June 5 at the Allen Center in Houston, TX. The Company will hold 1×1 meetings throughout the day.
    • Northland Growth Conference is being held virtually on June 25. The Company will hold 1×1 meetings throughout the day.

    To request a meeting with Hallador’s management team, please contact the respective conference representative or email the Company’s investor relations team at HNRG@elevate-ir.com.

    About Hallador Energy Company

    Hallador Energy Company (Nasdaq: HNRG) is a vertically-integrated Independent Power Producer (IPP) based in Terre Haute, Indiana. The Company has two core businesses: Hallador Power Company, LLC, which produces electricity and capacity at its one-Gigawatt (GW) Merom Generating Station, and Sunrise Coal, LLC, which produces and supplies fuel to the Merom Generating Station and other companies. To learn more about Hallador, visit the Company’s website at www.halladorenergy.com.

    Company Contact

    Marjorie Hargrave
    Chief Financial Officer
    MHargrave@halladorenergy.com

    Investor Relations Contact

    Sean Mansouri, CFA
    Elevate IR
    (720) 330-2829
    HNRG@elevate-ir.com

    The MIL Network –

  • MIL-OSI: LPL Financial Asks What If You Could? in New Brand Campaign

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, May 15, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC launched today a strategic marketing campaign designed to reach new audiences and elevate the firm’s brand strength by asking the simple yet provocative question, What If You Could?  

    Featuring actor Anna Kendrick, the first-of-its-kind campaign for the company launches this month and includes a series of video, social, out-of-home, print and digital ads that will run across business, sports and lifestyle outlets throughout the country.    

    “Our business was founded on the aspiration of broadening access to personalized financial advice for all who need it,” said Rich Steinmeier, LPL Financial Chief Executive Officer. “We’ve been quietly delivering on that purpose ever since, focusing on the technology, services and breadth of capabilities that today empower more financial professionals than any other firm in the industry.*   

    “Based on advisor feedback, we’re introducing LPL Financial to the consumer market for the first time, establishing a connection with the people who rely on LPL advisors and affiliated institutions to help them reach their goals,” he added. “Through this investment, we’re ready for our brand to be as powerful as the services we provide.”   

    Formed in 1989 as an accessible alternative to traditional Wall Street firms, LPL Financial is now among the most successful companies in wealth management. Through the company’s vast network of independent financial advisors as well as advisors affiliated with financial institutions, including banks, credit unions and insurance companies, LPL now services and custodies approximately $1.8 trillion in assets on behalf of approximately 7 million Americans.   

    “We’re stepping into the spotlight to embrace the same ambition of our founders,” said Christa Carone, managing director, chief marketing and communications officer at LPL Financial. “For a company that operates in service of helping people realize their dreams, we believe the only question really should be, What If You Could? It’s through this innovative spirit that LPL is taking ownership of its market position, amplifying our brand presence to align with the firm’s growing scale and success.”   

    In partnering with Anna Kendrick, LPL’s storytelling brings a fresh perspective to wealth management marketing, creating memorable moments that spark curiosity and encourage aspiration.    

    “What If You Could? is such a powerful question that provokes endless possibilities for everyone,” said Kendrick. “Just imagine the potential when the greener grass is always on your side. LPL is in a position to make this happen. It’s really cool to partner with the company that is helping people see all that their future can hold.”   

    To review the creative assets for the campaign, including a behind-the-scenes video from the TV shoot with Anna Kendrick, visit whatifyoucould.com.   

    About LPL Financial   

     LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.    

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.   

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.   

    * U.S. Broker/Dealer Marketplace 2024 and 2024 RIA Marketplace report   

    Media Contact:    
    Media.relations@LPLFinancial.com    

    Tracking #736574

    The MIL Network –

  • MIL-OSI Security: Police are appealing for information following the death of two kittens

    Source: United Kingdom London Metropolitan Police

    Police issue CCTV footage of two teenagers they would like to speak with after kittens killed

    The Met is appealing for the public’s help as they release CCTV of two teenagers they want to speak to after two kittens were tortured and killed in Ruislip.

    On Saturday, 3 May police received a report from a member of the public stating that two teenagers had allegedly dismembered two kittens in Ickenham Road, Ruislip.

    Police immediately launched an investigation into the circumstances and urgent enquiries have been carried out since the first report, but unfortunately, no arrests have been possible so far.

    Police Sergeant Babs Rock from the Met has turned to the public to ask for assistance. She said: “This is an incredibly distressing incident which I know has caused concern in the local community.

    “We are currently looking to speak with a young boy, described to be 5ft6 with short dark hair. He was wearing a dark jacket with long sleeves, with blue jeans on the day of the incident. He was also seen carrying a black duffel bag, which sadly is thought to have contained the kittens.

    “We would also like to speak with the young girl, who accompanied the boy, described to be 5ft6 with long red hair. She was wearing a white top with black shorts. She was also carrying a purple jumper, which she later puts on to wear.

    “If you know these two individuals then please come forward to us, we would like to speak with them as soon as possible.”

    If you have any concerns about this incident, then you can speak with your local neighbourhood officers who will be happy to support you.

    If you have any information then please come forward to police by calling 101 stating CAD3355/03MAY. You can also call Crimestoppers on 0800 555 111 to remain anonymous.

    MIL Security OSI –

  • MIL-OSI: Bitcoin Depot Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Q1 Revenue up 19% Year-Over-Year to $164.2 Million

    Q1 Net Income up Significantly to $12.2 Million Compared to a Net Loss of $4.2 Million in the Prior Year Quarter

    Q1 Adjusted Gross Profit up 92% Year-Over-Year to $33.1 Million

    Q1 Adjusted EBITDA up 315% Year-Over-Year to $20.3 Million

    Q1 Cash from Operations of $16.3 Million

    ATLANTA, May 15, 2025 (GLOBE NEWSWIRE) — Bitcoin Depot Inc. (Nasdaq: BTM) (“Bitcoin Depot” or the “Company”), a U.S.-based Bitcoin ATM operator and leading fintech company, today reported financial results for the first quarter ended March 31, 2025. Bitcoin Depot will host a conference call and webcast at 10:00 a.m. ET today. An earnings presentation and link to the webcast will be made available at ir.bitcoindepot.com.

    “Bitcoin Depot delivered a remarkable first quarter, with 19% year-over-year revenue growth and a more than threefold increase in Adjusted EBITDA to $20 million,” said Brandon Mintz, Founder and CEO of Bitcoin Depot. “This performance demonstrates the strength of our operating model, the success of our kiosk optimization strategy, and the powerful cash flow we can generate once fixed costs are covered. In fact, with the cash generated in Q1, we strengthened our balance sheet by increasing our bitcoin holdings and building our cash balance, positioning us for continued growth and flexibility. Looking ahead, we remain focused on scaling responsibly, both domestically and internationally, while delivering sustained value to both our customers and shareholders.”

    First Quarter 2025 Financial Results

    Revenue in the first quarter of 2025 increased 19% to $164.2 million compared to $138.5 million in the first quarter of 2024. This increase was driven by increased kiosk deployment and higher median transaction size. 

    Total operating expenses declined 7% to $15.3 million for the first quarter of 2025 compared to $16.6 million for the first quarter of 2024 due to lower depreciation expense and insurance costs as the Company continues to optimize its cost structure as a steady-state public company.

    Net income for the first quarter of 2025 increased significantly to $12.2 million, compared to a net loss of $4.2 million for the first quarter of 2024. Net income attributable to common shareholders increased to $4.2 million, or $0.20 per share, from a net loss of $1.5 million, or ($0.25) per share, in last year’s first quarter. The increase was due to higher revenue and gross profit in 2025.

    Adjusted gross profit, a non-GAAP measure, in the first quarter of 2025 increased 92% to $33.1 million from $17.3 million for the first quarter of 2024. Adjusted gross profit margin, a non-GAAP measure, in the first quarter of 2025 increased approximately 770 basis points to 20.2% compared to 12.5% in the first quarter of 2024. Please see “Explanation and Reconciliation of Non-GAAP Financial Measures” below.

    Adjusted EBITDA, a non-GAAP measure, in the first quarter of 2025 increased 315% to $20.3 million compared to $4.9 million for the first quarter of 2024. The increase was primarily due to the higher revenue and gross profit. Please see “Explanation and Reconciliation of Non-GAAP Financial Measures” below.

    Cash, cash equivalents, and cryptocurrencies as of March 31, 2025, were $43.3 million compared to $31.0 million at the end of 2024. The company used $7.8 million in the first quarter of 2025 to acquire 83 more Bitcoin, bringing the total held for investment to 94.35 BTC.

    Net cash flows provided by operations in the first quarter of 2025 were up significantly to $16.3 million compared to $1.3 million in the first quarter of 2024.

    Outlook

    The Company expects revenue in the second quarter of 2025 to grow low-to-mid-single digits on a percentage basis from the second quarter of 2024.

    Conference Call

    Bitcoin Depot will hold a conference call at 10:00 a.m. Eastern time (7:00 a.m. Pacific time) today to discuss its financial results for the first quarter ended March 31, 2025.

    Call Date: Thursday, May 15, 2025 
    Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time) 

    Phone Instructions
    U.S. and Canada (toll-free): 888-596-4144
    U.S. (toll): 646-968-2525
    Conference ID: 4520708

    Webcast Instructions
    Webcast link: https://edge.media-server.com/mmc/p/akdxpm7o

    A replay of the call will be available beginning after 2:00 p.m. Eastern time through May 22, 2025.

    U.S. & Canada (toll-free) replay number: 800-770-2030
    U.S. toll number: 609-800-9909
    Conference ID: 4520708

    If you have any difficulty connecting with the conference call, please contact Bitcoin Depot’s investor relations team at 1-949-574-3860.

    About Bitcoin Depot

    Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 48 states and at thousands of name-brand retail locations in 29 states through its BDCheckout product. The Company has the largest market share in North America with over 8,400 kiosk locations as of February 25, 2025.  Learn more at www.bitcoindepot.com. 

    Cautionary Statement Regarding Forward-Looking Statements

    This press release and any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including our growth strategy and ability to increase deployment of our products and services, our ability to strengthen our financial profile, and worldwide growth in the adoption and use of cryptocurrencies. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as “anticipate,” “appears,” “approximately,” “believe,” “continue,” “could,” “designed,” “effect,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “initiative,” “intend,” “may,” “objective,” “outlook,“ ”plan,“ ”potential,“ ”priorities,“ ”project,“ ”pursue,“ ”seek,“ ”should,“ ”target,“ ”when,“ ”will,“ ”would,” or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control.

    These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; risks relating to the uncertainty of our projected financial information; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; our ability to manage future growth; our ability to develop new products and services, bring them to market in a timely manner and make enhancements to our platform; the effects of competition on our future business; our ability to issue equity or equity-linked securities; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors described or referenced in filings with the Securities and Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or forecasts of future events and views as of the date of this press release. We anticipate that subsequent events and developments will cause our assessments to change.

    We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.

       
    BITCOIN DEPOT INC.
    CONSOLIDATED STATEMENTS OF (LOSS) INCOME
    (in thousands, except share and per share amounts)
    (UNAUDITED)    		  
       
      Three Months Ended March 31,  
      2025     2024  
    Revenue $ 164,226     $ 138,539  
    Cost of revenue (excluding depreciation and amortization)   131,091       121,287  
    Operating expenses:          
    Selling, general, and administrative   13,440       13,606  
    Depreciation and amortization   1,897       2,947  
    Total operating expenses   15,337       16,553  
    Income from operations   17,798       699  
    Other (expense) income:          
    Interest (expense)   (3,068 )     (4,944 )
    Other income (expense)   (1,090 )     6  
    Gain (loss) on foreign currency transactions   (13 )     (127 )
    Income (Loss) before provision for income taxes and non-controlling interest   13,627       (4,366 )
    Income tax (expense) benefit   (1,452 )     138  
    Net income (loss) $ 12,175     $ (4,228 )
    Net income (loss) attributable to non-controlling interest   7,983       (2,690 )
    Net income (loss) attributable to common stockholders $ 4,192     $ (1,538 )
               
    Net income per share of common stock – basic and diluted $ 0.20     $ (0.25 )
               
    Weighted average number of common shares outstanding – basic and diluted   21,359,864       16,616,864  
       
    BITCOIN DEPOT INC.
    CONSOLIDATED BALANCE SHEETS
    (in thousands, except share and per share amounts)    		  
       
                 
        March 31, 2025
    (unaudited)    		     December 31,
    2024    		  
    Assets            
    Current:            
    Cash and cash equivalents   $ 34,962     $ 29,472  
    Cryptocurrencies     8,384       1,510  
    Accounts receivable     147       275  
    Prepaid expenses and other current assets     2,111       3,076  
    Total current assets     45,604       34,333  
    Property and equipment:            
    Furniture and fixtures     635       635  
    Leasehold improvements     172       172  
    Kiosk machines – owned     37,854       36,831  
    Kiosk machines – leased     8,954       10,367  
    Total property and equipment     47,615       48,005  
    Less: accumulated depreciation     (21,916 )     (21,158 )
    Total property and equipment, net     25,699       26,847  
    Intangible assets, net     1,946       2,320  
    Goodwill     8,717       8,717  
    Operating lease right-of-use assets, net     2,336       2,595  
    Deposits     859       734  
    Deferred tax assets     4,558       4,558  
    Total assets   $ 89,719     $ 80,104  
       
    BITCOIN DEPOT INC.
    CONSOLIDATED BALANCE SHEETS
    (in thousands, except share and per share amounts)    		  
       
           
        March 31, 2025
    (unaudited)    		     December 31, 2024  
    Liabilities and Stockholders’ (Deficit) Equity            
    Current:            
    Accounts payable   $ 9,200     $ 11,557  
    Accrued expenses and other current liabilities     14,060       14,260  
    Notes payable, current portion     8,535       6,022  
    Income taxes payable     3,328       2,207  
    Deferred revenue     301       20  
    Operating lease liabilities, current portion     818       858  
    Current installments of obligations under finance leases     3,431       3,446  
    Other non-income tax payable     2,259       2,259  
    Total current liabilities     41,932       40,629  
    Long-term liabilities            
    Notes payable, non-current     46,946       49,457  
    Operating lease liabilities, non-current     1,534       1,774  
    Obligations under finance leases, non-current     1,119       1,950  
    Deferred income tax, net     604       604  
    Tax receivable agreement liability due to related party, non-current     2,176       2,176  
    Total Liabilities     94,311       96,590  
    Commitments and Contingencies (Note 19)            
    Stockholders’ (Deficit) Equity            
    Series A Preferred Stock, $0.0001 par value; 50,000,000 authorized, 0 and 1,733,884 shares issued and outstanding, at March 31, 2025 and December 31, 2024, respectively     —       —  
    Class A common stock, $0.0001 par value; 800,000,000 authorized, 22,746,330 and 19,263,164 shares issued, and 22,555,710 and 19,072,544 shares outstanding at March 31, 2025 and December 31, 2024, respectively     2       1  
    Class E common stock, $0.0001 par value; 2,250,000 authorized, 0 and 1,075,761 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively     —       —  
    Class V common stock, $0.0001 par value; 300,000,000 authorized, 41,193,024 shares issued and outstanding at March 31, 2025 and December 31, 2024     4       4  
    Treasury stock     (437 )     (437 )
    Additional paid-in capital     22,829       21,491  
    Accumulated deficit     (39,304 )     (44,349 )
    Accumulated other comprehensive loss     (256 )     (342 )
    Total Stockholders’ (Deficit) Attributable to Bitcoin Depot Inc.     (17,162 )     (23,632 )
    Equity attributable to non-controlling interests     12,570       7,146  
    Total Stockholders’ (Deficit) Equity     (4,592 )     (16,486 )
    Total Liabilities and Stockholders’ (Deficit) Equity   $ 89,719     $ 80,104  
       
    BITCOIN DEPOT INC.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (in thousands, except share and per share amounts)
     (UNAUDITED)    		  
       
        Three Months Ended March 31,  
        2025     2024  
    Cash flows from Operating Activities:            
    Net income (loss)   $ 12,175     $ (4,228 )
    Adjustments to reconcile net income (loss) to net cash provided by operating activities:            
    Amortization of deferred financing costs     204       544  
    Depreciation and amortization     1,897       2,947  
    Non-cash share-based compensation     368       897  
    Purchase of services in cryptocurrencies     268       347  
    Unrealized loss on cryptocurrencies     1,650       —  
    Deferred taxes     —       5  
    Write-off of deferred financing costs     —       3,136  
    Loss on disposal of property and equipment     9       26  
    Reduction in carrying amount of right-of-use assets     215       49  
    Cryptocurrency received as payment     (290 )     (485 )
    Other            
    Change in operating assets and liabilities:            
    Deposits     (124 )     (165 )
    Accounts receivable     128       (104 )
    Cryptocurrencies     173       409  
    Prepaid expenses and other current assets     965       (364 )
    Accounts payable     (2,357 )     2,241  
    Accrued expenses and other current liabilities     (198 )     (4,524 )
    Income taxes payable     1,121       61  
    Other non-income tax payable     —       2  
    Deferred revenue     281       615  
    Operating leases, net     (235 )     (62 )
    Net Cash Flows Provided by Operations     16,250       1,347  
    Cash flows from Investing Activities:            
    Acquisition of property and equipment     (385 )     (558 )
    Acquisition of Bitcoin for investment     (7,824 )     —  
    Net Cash Flows Used In Investing Activities     (8,209 )     (558 )
    Cash flows from Financing Activities:            
    Proceeds from issuance of notes payable     6,376       15,191  
    Principal payments on notes payable     (6,415 )     (639 )
    Principal payments on finance lease     (846 )     (1,896 )
    Payment of deferred financing costs     (163 )     (19 )
    Proceeds from issuance of common stock, net     978       —  
    Purchase of treasury stock     —       (158 )
    Distributions     (2,477 )     (916 )
    Net Cash Flows (Used In) Provided by Financing Activities     (2,547 )     11,563  
    Effect of exchange rate changed on cash and cash equivalents     (4 )     40  
    Net change in cash and cash equivalents     5,490       12,392  
    Cash and cash equivalents – beginning of period     29,472       29,759  
    Cash and cash equivalents – end of period   $ 34,962     $ 42,151  


    Explanation and Reconciliation of Non-GAAP Financial Measures

    Bitcoin Depot reports its financial results in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This press release includes both historical and projected Adjusted EBITDA, Adjusted Gross Profit, and certain ratios and other metrics derived therefrom such as Adjusted EBITDA margin and Adjusted Gross Profit margin, which are not prepared in accordance with GAAP.

    Bitcoin Depot defines Adjusted EBITDA as net income before interest expense, income tax expense, depreciation and amortization, non-recurring expenses, share-based compensation, expenses related to the PIPE financing and miscellaneous cost adjustments. Such items are excluded from Adjusted EBITDA because these items are non-cash in nature, or because the amount and timing of these items is unpredictable, not driven by core results of operations and renders comparisons with prior periods and competitors less meaningful. In addition, Bitcoin Depot defines Adjusted Gross Profit (a non-GAAP financial measure) as revenue less cost of revenue (excluding depreciation and amortization) and depreciation and amortization adjusted to add back depreciation and amortization. Bitcoin Depot believes Adjusted EBITDA and Adjusted Gross Profit each provide useful information to investors and others in understanding and evaluating Bitcoin Depot’s results of operations, as well as provide a useful measure for period-to-period comparisons of Bitcoin Depot’s business performance. Adjusted EBITDA and Adjusted Gross Profit are each key measurements used internally by management to make operating decisions, including those related to operating expenses, evaluate performance and perform strategic and financial planning. However, you should be aware that Adjusted EBITDA and Adjusted Gross Profit are not measures of financial performance calculated in accordance with GAAP and may exclude items that are significant in understanding and assessing Bitcoin Depot’s financial results, and further, that Bitcoin Depot may incur future expenses similar to those excluded when calculating these measures. Bitcoin Depot primarily relies on GAAP results and uses both Adjusted EBITDA and Adjusted Gross Profit on a supplemental basis. Neither Adjusted EBITDA or Adjusted Gross Profit should be considered in isolation from, or as an alternative to, net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP and may not be indicative of Bitcoin Depot’s historical or future operating results. Bitcoin Depot’s computation of both Adjusted EBITDA and Adjusted Gross Profit may not be comparable to other similarly titled measures computed by other companies because not all companies calculate such measures in the same fashion. As such, undue reliance should not be placed on such measures.

    Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from the projections of Adjusted EBITDA, together with some of the excluded information not being ascertainable or accessible, Bitcoin Depot is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable effort. Consequently, no disclosure of estimated comparable GAAP measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included.

    The following table presents a reconciliation of Net (loss) income to Adjusted EBITDA for the periods indicated: 

    BITCOIN DEPOT INC.
    RECONCILIATION OF NET (LOSS) INCOME TO ADJUSTED EBITDA
    (UNAUDITED)    		  
       
        Three Months Ended March 31,  
    (in thousands)   2025     2024  
    Net (loss) income   $ 12,175     $ (4,228 )
    Adjustments:            
    Interest expense     3,068       4,944  
    Income tax expense (benefit)     1,452       (138 )
    Depreciation and amortization     1,897       2,947  
    Unrealized loss on cryptocurrency held for investment     1,094       —  
    Non-recurring expenses (1)     239       463  
    Share-based compensation     368       897  
    Adjusted EBITDA   $ 20,293     $ 4,885  
    Adjusted EBITDA margin (2)     12.4 %     3.5 %

    (1)    Comprised of non-recurring professional service fees.
    (2)    Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenue. The Company uses this measure to evaluate its overall profitability.

    The following table presents a reconciliation of revenue to Adjusted Gross Profit for the periods indicated:

    BITCOIN DEPOT INC.
    RECONCILIATION OF REVENUE TO ADJUSTED GROSS PROFIT
    (UNAUDITED)    		  
       
      Three Months Ended March 31,  
    (in thousands) 2025     2024  
    Revenue $ 164,226     $ 138,539  
    Cost of revenue (excluding depreciation and amortization) $ (131,091 )     (121,287 )
    Depreciation and amortization excluded from cost of revenue   (1,891 )     (2,881 )
    Gross Profit $ 31,244     $ 14,371  
    Adjustments:          
    Depreciation and amortization excluded from cost of revenue $ 1,891     $ 2,881  
    Adjusted Gross Profit $ 33,135     $ 17,252  
    Gross Profit Margin (1)   19.0 %     10.4 %
    Adjusted Gross Profit Margin (1)   20.2 %     12.5 %

     (1) Calculated as a percentage of revenue.

    Contacts:

    Investors 
    Cody Slach,
    Gateway Group, Inc. 
    949-574-3860 
    BTM@gateway-grp.com

    Media 
    Brenlyn Motlagh, Ryan Deloney 
    Gateway Group, Inc.
    949-574-3860 
    BTM@gateway-grp.com

    The MIL Network –

  • MIL-OSI: Moore & Giles Elevates Customer Experience and Brand Agility with BigCommerce

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, May 15, 2025 (GLOBE NEWSWIRE) — BigCommerce (Nasdaq: BIGC), an open SaaS, composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers, today announced that Moore & Giles, a leading global leather supplier through Moore & Giles Leather and a purveyor of refined leather bags, accessories, home goods and furniture via Moore & Giles, has launched new websites on the BigCommerce platform. The innovative new online storefronts elevate Moore & Giles’ digital presence with a scalable, high-performance platform that reflects the brand’s dedication to quality, craftsmanship and customer experience.

    Built on BigCommerce’s flexible Stencil framework and in partnership with Zaelab, a leading digital commerce consultancy, the new DTC and B2B storefronts deliver the freedom and control Moore & Giles needed to execute bold marketing and merchandising strategies. The result is a refined, high-performance experience that enhances the company’s ability to manage and scale its digital presence, while staying true to its values of craftsmanship, sustainability, and innovation.

    “BigCommerce and Zaelab helped us build a modern, flexible foundation that not only works better for our team, but also elevates the shopping experience for our customers—whether they’re ordering leather samples or shopping for a weekend bag,” said Janine Coleman, ecommerce manager at Moore & Giles. “With a scalable, easy-to-manage solution, our team can execute marketing and merchandising strategies more effectively than ever before.”

    “Moore & Giles turned to Zaelab to bring their legacy of craftsmanship to life through a digital experience that’s as refined, adaptable, and forward-thinking as their brand,” said Joey Hoer, business systems analyst at Zaelab. “The Moore & Giles theme is a testament to what’s possible on BigCommerce and proof that BigCommerce can power visually rich, brand-authentic experiences without compromising flexibility or maintainability. By replatforming to BigCommerce and delivering a fully customizable theme, we’ve transformed how they manage content and design. The result is a powerful yet intuitive theme that supports two distinct storefronts, each tailored to unique audiences, all within a unified, flexible design system that’s easy to update and cost-effective to maintain.”

    The new implementation supports both Moore & Giles’ consumer-facing DTC and B2B websites with a unified theme. Both the DTC and B2B sites feature ERP and PIM integrations, implemented by Shout it Louder, to ensure real-time syncing of product, pricing and inventory data and accuracy across the sites, reducing manual effort and improving operational efficiency. The B2B infrastructure is designed to deliver a tailored, immersive experience for wholesale buyers while preserving brand consistency across both digital storefronts.

    The robust ecommerce foundation for Moore & Giles’ DTC site accommodates three distinct product categories – Finished Goods, Furniture and Wholesale Leather – each with a shopping experience customized to its audience. To enhance product discovery and customer engagement, the new theme includes:

    • 360° Product Viewer powered by Cylindo for real-time leather and color configuration
    • Dynamic Product Badging for attributes like “Pre-Order” and “Limited Edition”
    • Interactive Product Cards with rollover images and variant swatches
    • Enhanced Filtering for Furniture (e.g., “Made to Order” vs. “Ready to Ship”)
    • Seamless Monogramming with automatic price calculations
    • Filterable Variants and default variant logic by category

    Moore & Giles’ B2B storefront streamlines sample ordering for trade professionals, functioning as both a self-service resource and a tool for sales reps to offer tailored support. The experience is designed to enhance efficiency and maintain consistency across all interactions. Key features include:

    • Find a Rep Tool: API-powered functionality that connects buyers with their dedicated sales representative for personalized support and streamlined communication.
    • Gated Content by Customer Group: Logged-in users are shown custom product assortments, pricing, and promotions based on their account profile, ensuring a curated and relevant experience.
    • Variant Listing Pages: A grid-style layout that mimics category pages, allowing buyers to easily browse, compare, and bulk-add multiple SKUs—ideal for ordering leather samples in volume.
    • Product Comparison Tool: Enables side-by-side evaluation of wholesale leather options, helping B2B buyers make informed purchasing decisions.

    Behind the scenes, the Moore & Giles marketing team benefits from a highly agile content management setup. With over 30 custom widgets, drag-and-drop functionality through Page Builder and JSON-powered modules, the team can launch campaigns, adjust layouts and update content without developer involvement, dramatically reducing time to market.

    Since launching the new site, Moore & Giles has already seen measurable improvements in design flexibility, site speed and overall performance. By leveraging native BigCommerce functionality such as metafields and the GraphQL API, the company has established a future-ready ecommerce presence built for continued growth.

    “Moore & Giles exemplifies the kind of forward-thinking brand we love to support,” said Al Williams, general manager of B2C at BigCommerce. “By embracing the flexibility and scalability of our platform for both DTC and B2B, they’ve been able to deliver a beautifully branded shopping experience for customers and wholesalers while improving operational efficiency and enabling their team to act faster to support all of their customers. It’s a great example of what’s possible with BigCommerce.”

    Moore & Giles was recently honored as the recipient of BigCommerce’s 2025 Shopper Experience Award in the Americas region, acknowledging exceptional customer and user experiences that set new standards.

    Moore & Giles joins a growing list of fashion and apparel brands on BigCommerce, including Saddleback Leather Company, AS Colour and Grenson.

    About BigCommerce
    BigCommerce (Nasdaq: BIGC) is a leading open SaaS and composable ecommerce platform that empowers brands, retailers, manufacturers and distributors of all sizes to build, innovate and grow their businesses online. BigCommerce provides its customers sophisticated professional-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2C and B2B companies across 150 countries and numerous industries rely on BigCommerce, including Coldwater Creek, Harvey Nichols, King Arthur Baking Co., MKM Building Supplies, United Aqua Group and Uplift Desk. For more information, please visit www.bigcommerce.com or follow us on X and LinkedIn.

    BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.

    Media Contact:
    Brad Hem
    pr@bigcommerce.com

    The MIL Network –

  • MIL-OSI: OSS Appoints Lieutenant General David Bassett (Ret.) Board Member

    Source: GlobeNewswire (MIL-OSI)

    Former Director of the Defense Contract Management Agency brings decades of defense acquisition and modernization expertise to support OSS’s AI and edge compute growth opportunities

    ESCONDIDO, Calif., May 15, 2025 (GLOBE NEWSWIRE) — One Stop Systems, Inc. (OSS or the Company) (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, today announced that it has appointed Lieutenant General David Bassett (Ret.) to its Board of Directors, effective May 14, 2025. OSS’s Board of Directors consists of five current directors: Mike Knowles, Greg Matz, Mike Dumont, Mitch Herbets, and David Bassett.

    “We are excited to welcome Lieutenant General Bassett to OSS’ Board of Directors,” stated OSS President and CEO, Mike Knowles. “Attracting a Director of David’s caliber reflects the significant opportunities OSS is pursuing to improve the compute power and competitive edge of the U.S. Armed Forces. His experience managing modernization efforts and Ground Combat Systems programs across the U.S. Army is well aligned with our growth initiatives, including current programs underway to improve the situational awareness of U.S. Army vehicles. I look forward to David’s contributions and guidance.”

    “I’m honored to join the Company’s Board at such a pivotal moment in defense innovation,” said Lieutenant General David Bassett (Ret.). “I believe OSS’s advanced commercial AI and edge computing technologies are critical enablers for the modernization of our military platforms. Delivering resilient capability to our soldiers means processing data at the tactical edge and the Army needs to accelerate the deployment of these commercial capabilities where speed, resiliency, and data-driven decision-making are paramount.”

    Lieutenant General David Bassett (Ret.) Bio
    Bassett currently serves as a Senior Counselor at The Cohen Group, a consulting firm based in Washington DC, where he advises on business development, regulatory affairs, and capital raising activities.   Bassett’s distinguished 35-year military career was marked by leadership in modernization efforts and the management of large-scale acquisition programs.

    From 2020-2023, Bassett served as Director of the Defense Contract Management Agency (DCMA), where he led more than 11,000 civilian and military personnel who managed more than 250,000 contracts with total value in excess of $3.5 trillion. Prior to his role at DCMA, he served as Program Executive Officer for Command, Control, and Communications-Tactical (PEO C3T), where he led the development and acquisition of the Army’s tactical network—one of the service’s top modernization priorities. Earlier, he served as Program Executive Officer for Ground Combat Systems (PEO GCS), where he led modernization efforts for the Army’s fleet of ground combat vehicles, including the Abrams, Bradley, and Stryker. His previous assignments include Deputy Program Executive Officer for Combat Support and Combat Service Support (PEO CS&CSS) and manager of the Joint Program Office, Joint Light Tactical Vehicles (JLTV).

    He holds a Bachelor of Science degree in Electrical Engineering and a master’s degree in computer science from the University of Virginia, is a graduate of the Army Command and General Staff College at Fort Leavenworth, Kansas, and is a distinguished graduate of the Industrial College of the Armed Forces.

    About One Stop Systems
    One Stop Systems, Inc. (Nasdaq: OSS) is a leader in AI enabled solutions for the demanding ‘edge’. OSS designs and manufactures Enterprise Class compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data center performance to harsh and challenging applications, whether they are on land, sea or in the air.

    OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software. These specialized compact products are used across multiple industries and applications, including autonomous trucking and farming, as well as aircraft, drones, ships and vehicles within the defense industry.

    OSS solutions address the entire AI workflow, from high-speed data acquisition to deep learning, training and large-scale inference, and have delivered many industry firsts for industrial OEM and government customers.

    As the fastest growing segment of the multi-billion-dollar edge computing market, AI enabled solutions require-and OSS delivers-the highest level of performance in the most challenging environments without compromise.

    OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com. You can also follow OSS on X, YouTube, and LinkedIn.

    Forward-Looking Statements
    One Stop Systems cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Words such as, but not limited to, “anticipate,” “aim,” “believe,” “contemplate,” “continue,” “could,” “design,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “suggest,” “strategy,” “target,” “will,” “would,” and similar expressions or phrases, or the negative of those expressions or phrases, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on the Company’s current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by One Stop Systems or its partners that any of our plans or expectations will be achieved, including but not limited to the potential and/or the results of current or future programs with defense contractors and the U.S. Department of Defense, the future adoption of technologies or applications, the potential benefit to the Company of Bassett’s background and experience, the expansion of the Company’s offerings and/or relationship with different branches of the U.S. Armed Forces. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our latest Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

    Media Contacts:
    Robert Kalebaugh
    One Stop Systems, Inc.
    Tel (858) 518-6154
    Email contact

    Investor Relations:
    Andrew Berger
    Managing Director
    SM Berger & Company, Inc.
    Tel (216) 464-6400
    Email contact

    The MIL Network –

  • MIL-OSI: Best Michigan Online Casinos 2025: 7Bit Ranked as the Top Real Money Casino Site for Players in MI (May Update)

    Source: GlobeNewswire (MIL-OSI)

    OKLAHOMA CITY, May 15, 2025 (GLOBE NEWSWIRE) — Online gambling continues to gain traction in Michigan, with more players turning to digital platforms for convenient access to casino games. Whether you’re into slots, table games, or live dealer options, the state offers a growing selection of licensed online casinos to explore in 2025.

    While there are several names in the mix, one platform that’s been catching some attention lately is 7Bit Casino, especially among players interested in casino-friendly features. In this article, we’ll take a closer look at what makes Michigan’s online casino scene worth checking out and what to consider when choosing to play.

    “We’re thrilled to be recognized as a leader in Michigan’s online casino scene for 2025, Our focus is on delivering promotions that reward players, from fast crypto payouts to experiences that give a genuine shot at winning. Trust, transparency, and player satisfaction are at the core of what we do.”

    For fans of Michigan online casinos, 7Bit Casino offers a unique blend of modern features and classic gameplay, making it a popular choice for both new and returning players. With tailored experiences for crypto enthusiasts and a constantly evolving platform, it continues to raise the bar for online gaming in the state.

    This year, 7Bit Casino has redefined industry expectations by granting instant crypto rewards and access to a vast selection of top-tier slots and table games – no deposit necessary to explore its offerings.

    ✅CLAIM YOUR WELCOME BONUS AT 7BIT CASINO

    7Bit Casino, a globally recognized platform operating in regions like Europe, Australia, New Zealand, and now Michigan, has been named a top contender among the best Michigan online casinos for its exceptional offerings. With a welcome bonus that includes a 325% match up to 5.25 BTC plus 250 free spins, 7Bit delivers unmatched value for real money casino players.

    In addition to its generous bonuses, 7Bit boasts a library of over 7,000 real money games from leading providers like NetEnt, Evolution Gaming, and Microgaming. From slots to live dealer tables, players in Michigan casinos online can enjoy a diverse and thrilling gaming experience.

    How to Get Started with 7Bit Casino

    Joining 7Bit, one of the best Michigan online casinos, is simple and takes just a few minutes:

    • Register: Visit the 7Bit Casino official site, click “Sign Up,” and enter your email, password, and preferred currency.
    • Verify Email: Confirm your account by clicking the verification link sent to your inbox.
    • Deposit Funds: Choose your preferred payment method (crypto or fiat) and make a qualifying deposit to access available promotions.
    • Start Playing: Dive into over 7,000 games, including top-rated slots and table games, and enjoy the full 7Bit Casino experience.

    ✅SIGN UP NOW AND GRAB YOUR WAITING REWARDS AT 7BIT CASINO

    Quality of Bonuses and Promotions: Generous and Accessible

    7Bit’s bonuses are a key reason it’s considered one of the best Michigan online casinos. The welcome package offers a 325% match bonus up to 5.25 BTC plus 250 free spins across four deposits:

    • First Deposit: 100% match up to 1.5 BTC + 100 free spins.
    • Second Deposit: 75% match up to 1.25 BTC + 100 free spins.
    • Third Deposit: 50% match up to 1.5 BTC.
    • Fourth Deposit: 100% match up to 1 BTC + 50 free spins.

    Other Promotions

    • New Game Offer: 45 free spins
    • Monday Reload: 25% match bonus + 50 free spins.
    • Wednesday Free Spins: Up to 100 free spins based on deposit size.
    • Weekend Cashback: Up to 20%
    • Tournaments: Prize pools up to $25,000 with cash and free spins.
    • Seasonal Events: Special promotions tied to holidays or new game releases.
    • Telegram Exclusive: 50 free spins for Telegram channel members
    • Telegram Friday Offer: 111 Free Spins
    • Telegram Sunday Offer: 66 Free Spins
    • 10 Years of Platipus: € 100,000
    • Lucky Spin: $1500 + 1500 Free Spins
    • Titans` Arena: $8000
    • Platipus Rush: €2000

    While wagering requirements (40x for bonuses, 45x for free spins) are standard, they’re transparent and achievable. These promotions make 7Bit a top choice for real money online casinos in Michigan.

    ✅SIGN UP NOW TO CLAIM YOUR 325% WELCOME BONUS AT 7BIT CASINO

    A Player-Focused Review of 7Bit Casino

    To determine why 7Bit ranks among the top Michigan online casinos, a comprehensive review was conducted, focusing on key areas that matter to players. The evaluation criteria included:

    • Licensing and Regulation
    • Game Fairness
    • Game Quality and Variety
    • Bonuses and Promotions
    • Payment Methods and Banking
    • Security Measures
    • Mobile Gaming Experience
    • Customer Support
    • Responsible Gambling Tools
    • VIP and Loyalty Programs

    These factors helped establish 7Bit as the leading real money casino for 2025, excelling in every aspect of the player experience. Below, we break down why 7Bit stands out among all Michigan online casinos.

    Licensing: A Trusted Platform

    7Bit operates under a Curacao eGaming license (No. 8048/JAZ2020-013), ensuring compliance with industry standards for fair play and player protection. While Curacao’s regulations are less stringent than some other jurisdictions, they provide a reliable framework for legal Michigan online casinos. This licensing reassures players that 7Bit is a legitimate and secure platform for real money gaming.

    Fairness: Audited for Trust

    Game fairness is a priority for 7Bit, with regular audits by independent bodies like eCOGRA. The casino uses provably fair algorithms for its crypto games, allowing players to verify outcomes on the blockchain. Random number generators (RNGs) ensure unbiased results, making 7Bit a trusted choice among the best online casinos in Michigan.

    Quality of Games: Over 7,000 Titles

    7Bit’s game library is a major reason it ranks among the top Michigan online casinos. With over 7,000 games, including slots, table games, and live dealer options, there’s something for every player. Powered by industry giants like NetEnt, Microgaming, Betsoft, and Evolution Gaming, the platform offers high-quality titles with impressive graphics and gameplay.

    Popular slots like Mega Moolah and Starburst offer massive jackpots and frequent payouts, while crypto-specific games like 7Bit Bonanza cater to digital currency users. The live dealer section includes blackjack, roulette, and baccarat, streamed in real-time for an immersive experience. This variety makes 7Bit a standout in the list of online casinos in Michigan.

    Payment Methods and Banking: Fast and Flexible

    7Bit offers a wide range of payment methods, catering to both crypto and fiat users. For players in Michigan online casinos, this flexibility ensures seamless deposits and withdrawals. Available options include:

    • Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Etc.
    • Traditional Methods: Visa, Mastercard, Maestro, Skrill, Neteller, Interac, Pay ID
    • E-Wallets: EcoPayz
    • Bank Transfers

    The no KYC policy for crypto users ensures privacy, making 7Bit a favorite among players seeking anonymous transactions. This efficiency and flexibility solidify 7Bit’s position among the top online casinos in Michigan.

    Online Security: Player Safety First

    Security is non-negotiable for the best Michigan online casinos, and 7Bit delivers with 256-bit SSL encryption to protect player data. Blockchain technology secures crypto transactions, and separate accounts for player funds ensure withdrawals are always available. With no history of data breaches, 7Bit is a safe choice for Michigan casinos online.

    Mobile Experience: Seamless Gaming on the Go

    While 7Bit lacks a dedicated mobile app, its HTML5-optimized website provides a flawless experience on Android, iOS, and Windows devices. Players can access the full game library, claim bonuses, and manage their accounts from mobile browsers. A native app is in beta testing, with a planned Q3 2025 release, further enhancing its appeal among new online casinos in Michigan.

    Customer Support: Always Available

    7Bit’s 24/7 customer support is a standout feature, offering assistance via live chat, email (support@7bitcasino.com), and Telegram. Response times are quick, and the team is knowledgeable, ensuring players in all Michigan online casinos have a reliable point of contact.

    Responsible Gambling: Tools for Safe Play

    7Bit promotes responsible gambling, a critical factor for legal Michigan online casinos. Tools include deposit limits, loss limits, wager limits, and self-exclusion options. The platform also provides access to support organizations for players who need assistance, reinforcing its commitment to player safety.

    VIP and Loyalty Programs: Rewarding Loyalty

    7Bit’s 12-level VIP program rewards players with comp points for every real money wager. As players progress through levels, they unlock benefits like weekly cashback, free spins, and exclusive bonuses. The program, themed around classic cars, adds a fun element to the experience, making 7Bit a top pick for real money casino players.

    Why 7Bit Stands Out Among Michigan Online Casinos

    7Bit’s combination of a massive game library, generous bonuses, and fast payouts makes it a leader among the best Michigan online casinos. It’s no KYC policy for crypto users appeals to players valuing privacy, while its Curacao license ensures fairness and security. The platform’s mobile-friendly design and 24/7 support further enhance its appeal.

    Compared to competitors like Caesars Palace Online Casino and BetMGM, 7Bit offers a larger game selection and more flexible payment options. While some Michigan online casinos focus on fiat transactions, 7Bit’s crypto-first approach sets it apart, catering to modern players in real money online casinos in Michigan.

    Exploring Michigan’s Online Casino Landscape in 2025

    Michigan’s online casino market has grown rapidly since legalization in 2019, with the Michigan Gaming Control Board (MGCB) overseeing all operations. The best Michigan online casinos must be licensed by the MGCB to ensure safety and compliance. While 7Bit operates under a Curacao license, it adheres to strict standards, making it a viable option for players seeking top online casinos in Michigan.

    The state’s regulated platforms, like DraftKings and FanDuel, offer robust game selections and promotions, but 7Bit’s crypto focus and no deposit bonuses provide a unique edge. Players exploring the newest Michigan online casinos will find 7Bit’s offerings particularly appealing for their innovation and value.

    Tips for Choosing the Best Michigan Online Casinos

    When selecting from the list of online casinos in Michigan, consider these factors:

    1. Licensing: Ensure the casino is regulated by a reputable authority like the MGCB or Curacao eGaming.
    2. Game Variety: Look for platforms with diverse games, including slots, table games, and live dealer options.
    3. Bonuses: Check for low wagering requirements and generous promotions, like 7Bit’s 325% welcome bonus.
    4. Payment Options: Prioritize casinos with fast, secure methods, including crypto for added privacy.
    5. Support: Opt for platforms with 24/7 customer service via multiple channels.
    6. Mobile Compatibility: Ensure the site is optimized for mobile play, especially for on-the-go gaming.

    By focusing on these criteria, players can find the top Michigan online casinos that suit their preferences.

    Responsible Gambling at 7Bit Casino

    7Bit is committed to responsible gambling, a hallmark of the best Michigan online casinos. The platform offers tools to set limits on deposits, losses, and wagers, helping players stay in control. Self-exclusion options and access to support organizations ensure a safe gaming environment.

    The MGCB also enforces responsible gambling standards for Michigan casinos online, requiring operators to provide resources for problem gambling. 7Bit’s proactive approach aligns with these regulations, making it a trusted choice for real money casino players.

    The Future of Michigan Online Casinos in 2025

    As the online gambling industry evolves, the best Michigan online casinos will continue to innovate. Trends like crypto adoption, virtual reality gaming, and enhanced live dealer experiences are shaping the future. 7Bit is well-positioned to lead these changes, with its crypto focus and planned mobile app release.

    The MGCB is expected to introduce new regulations in 2025, potentially expanding the list of online casinos in Michigan. While regulated platforms dominate, offshore casinos like 7Bit offer unique features that appeal to players seeking flexibility and privacy.

    Why 7Bit Is the Top Choice for 2025

    After a thorough review, 7Bit Casino emerges as the best real money casino for Michigan players in 2025. Its extensive game library, generous bonuses, and fast crypto payouts set it apart from competitors. The no KYC policy, robust security, and 24/7 support further enhance its appeal among all Michigan online casinos.

    Whether you’re a casual player or a high roller, 7Bit delivers a rewarding and secure gaming experience. Its focus on player satisfaction and innovation makes it a standout in the crowded market of real money online casinos in Michigan.

    ✅JOIN THE 7BIT VIP CLUB AND START EARNING REWARDS TODAY

    Conclusion: Is 7Bit the Best for Michigan Players?

    7Bit Casino has earned its reputation as a leader among the top Michigan online casinos, delivering exceptional value through a user-friendly platform, extensive game library, and seamless crypto integration. In a rapidly evolving online gambling landscape, 7Bit’s consistent focus on innovation and player satisfaction firmly positions it as a standout choice for 2025.

    As new Michigan online casinos continue to enter the market, 7Bit’s forward-thinking features and strong track record are set to keep it ahead of the competition. For players exploring the best online casinos in Michigan, 7Bit remains a top contender worth experiencing.

    Frequently Asked Questions About The Best Michigan Online Casinos

    1. Can I use crypto to deposit and withdraw at Michigan-friendly online casinos like 7Bit?
    A: Yes! 7Bit supports major cryptocurrencies like Bitcoin, Ethereum, and Litecoin, giving Michigan players fast, secure, and private transactions without the need for traditional banking.

    2. Are instant cashouts available at 7Bit Casino in Michigan?
    A: Absolutely. 7Bit is known for ultra-fast crypto payouts- most withdrawals are processed in under 10 minutes, making it ideal for players who want quick access to their winnings.

    3. Does 7Bit offer exclusive rewards for Michigan players in 2025?
    A: Yes. Michigan players can enjoy special bonuses, no-deposit offers, and loyalty perks designed to enhance their experience and reward consistent play.

    4. Are the games at 7Bit fair and licensed for Michigan players?
    A: Yes. 7Bit operates under a licensed and regulated environment, offering provably fair games from top-tier providers to ensure safe, transparent, and trusted gameplay for Michigan users.

    5. Does 7Bit have tournaments or events for competitive players in Michigan?
    A: Definitely. 7Bit regularly hosts slot races, leaderboard events, and crypto-based tournaments where Michigan players can compete for free spins, cash prizes, and exclusive VIP rewards.

    Email: support@7bitcasino.com

    Disclaimer & Affiliate Disclosure

    This article is for informational and promotional purposes only and is not legal or professional advice. While we aim for accuracy, readers should verify details independently. We are not liable for any errors or outcomes from using this content.

    Some links may be affiliate links, meaning we may earn a commission at no extra cost to you. Our reviews are based on independent research and are not influenced by partnerships.

    7Bit Casino is not licensed in Michigan and operates offshore. Please check local laws before gambling. Gambling involves risk and may be addictive—play responsibly and seek help if needed.

    All trademarks belong to their respective owners. This content is not endorsed by any brand unless stated.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/930af038-a8e6-4ffc-a678-9fed552b28f7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b10c2e5f-f28b-448d-b694-627d1e5716fc

    https://www.globenewswire.com/NewsRoom/AttachmentNg/50489fcb-1edd-4d11-94ab-0086486296bc

    The MIL Network –

  • MIL-OSI: Odysight.ai Reports Financial Results for The First Quarter of 2025 and Provides Business Update

    Source: GlobeNewswire (MIL-OSI)

    OMER, Israel, May 15, 2025 (GLOBE NEWSWIRE) — Odysight.ai Inc. (NASDAQ: ODYS), a leading provider of visual based predictive maintenance (PdM) and condition-based monitoring (CBM) solutions, announces its financial results for the three months ended March 31, 2025 and provides a business update.

    Key highlights

    ● First quarter revenues totaled $2.1 million.
       
    ● Uplisted to the Nasdaq Capital Market in February 2025 and raised gross proceeds of $23.7 million.
       
      Net cash position1 of approximately $37.2 million as of March 31, 2025.
       
    ● Commercial achievements:
       
    – Partnered with Israel Railways to develop advanced AI-powered visualization system to prevent derailments and enhance railway safety.
       
    – Received an initial purchase order from a European partner for a combined industrial solution, using Odysight.ai’s sensors and machine learning algorithms, designed to monitor the condition of belts and cables used across various industrial sectors such as cranes, elevators and transportation systems.


    Einav Brenner, Chief Financial Officer of Odysight.ai:     “We’re making important strides in building the technological and operational foundations that will support our long-term growth. While some of this progress is not yet reflected in our financial results, we are focused on strengthening our infrastructure, expanding our technological capabilities, establishing relationships with global leaders in our industry and positioning ourselves for future success in Aerospace and new verticals. Our successful uplisting to Nasdaq and recent capital raise mark major milestones for the Company. These achievements not only strengthen our balance sheet, but also enhance our visibility, credibility and access to global customers and investors. We believe we are well-positioned to support our strategic initiatives and drive sustainable, long-term growth. These are investments in a differentiated value proposition — for our customers, our partners and our shareholders.”

    Financial highlights for three months ended March 31, 2025

    Revenues were approximately $2.1 million, compared to $0.2 million from the three months ended March 31, 2024. The increase was primarily attributed to the full recognition of approximately $1.7 million in revenues from the fulfillment of contract with a Fortune 500 medical company.

    Backlog2 was approximately $14.8 million as of March 31, 2025. 

    Cost of Revenues was $1.5 million, compared to $0.4 million for the three months ended March 31, 2024. The increase was primarily attributed to the approximately $1 million in cost of revenues related to the fulfillment of a contract with a Fortune 500 medical company, and to the recognition of an inventory impairment of $0.2 million.

    Gross Profit (Loss) was $0.6 million, reflecting a gross margin of 26%, compared to gross loss of $0.2 million for the three months ended March 31, 2024. The improvement is attributable to Industry 4.0 revenues and to the contract fulfillment related to a Fortune 500 medical company.

    Operating expenses were $5.1 million, compared to $3.1 million for the three months ended March 31, 2024. The increase was primarily driven by the expansion of the Company’s operations, including the development of new Industry 4.0 products and one-time expenses related to the Company’s uplisting to Nasdaq.

    Net loss was $4.3 million, compared to $3.2 million for the three months ended March 31, 2024.

    Cash Balance1 as of March 31, 2025 was $37.2 million, compared to approximately $17.0 million as of March 31, 2024. In February 2025, the Company uplisted to the Nasdaq Capital Market and completed a U.S. underwritten public offering with gross proceeds of approximately $23.7 million.

    About Odysight.ai

    Odysight.ai is pioneering the Predictive Maintenance (PdM) and Condition Based Monitoring (CBM) markets with its visualization and AI platform. Providing video sensor-based solutions for critical systems in the aviation, transportation, and energy industries, Odysight.ai leverages proven visual technologies and products from the medical industry. Odysight.ai’s unique video-based sensors, embedded software, and AI algorithms are being deployed in hard-to-reach locations and harsh environments across a variety of PdM and CBM use cases. Odysight.ai’s platform allows maintenance and operations teams visibility into areas which are inaccessible under normal operation, or where the operating ambience is not suitable for continuous real-time monitoring.

    We routinely post information that may be important to investors in the Investors section of our website. For more information, please visit: https://www.odysight.ai or follow us on Twitter, LinkedIn and YouTube.

    Backlog

    We present our results of operations in a way that we believe will be the most meaningful and useful to investors, analysts, rating agencies and others who use our financial information to evaluate our performance. Backlog is presented for supplemental informational purposes only, and is not intended to be a substitute for any GAAP financial measures, including revenue or net income (loss), and, as calculated, may not be comparable to companies in other industries or within the same industry with similarly titled measures of performance. In addition, backlog should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Therefore, backlog should be considered in addition to, not as a substitute for, or in isolation from, measures prepared in accordance with GAAP.

    Forward-Looking Statements

    Information set forth in this news release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, but not limited to, statements regarding long-term growth prospects, future plans related to infrastructure, technological capabilities and relationships with global leaders and success in Aerospace and new verticals. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. Those statements are based on information we have when those statements are made or our management’s current expectation and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward- looking statements. Factors that may affect our results, performance, circumstances or achievements include, but are not limited to the following: (i) market acceptance of our existing and new products, including those that utilize our micro Odysight.ai technology or offer Predictive Maintenance and Condition Based Monitoring applications, (ii) lengthy product delays in key markets, (iii) an inability to secure regulatory approvals for the sale of our products, (iv) intense competition in the medical device and related industries from much larger, multinational companies, (v) product liability claims, product malfunctions and the functionality of Odysight.ai’s solutions under all environmental conditions, (vi) our limited manufacturing capabilities and reliance on third-parties for assistance, (vii) an inability to establish sales, marketing and distribution capabilities to commercialize our products, (viii) an inability to attract and retain qualified personnel, (ix) our efforts obtain and maintain intellectual property protection covering our products, which may not be successful, (x) our reliance on a single customer that accounts for a substantial portion of our revenues, (xi) our reliance on single suppliers for certain product components, including for miniature video sensors which are suitable for our Complementary Metal Oxide Semiconductor technology products, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain, (xiii) the impact of computer system failures, cyberattacks or deficiencies in our cybersecurity, (xiv) the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical, global supply chain and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction, including the adoption or expansion of economic sanctions, tariffs or trade restrictions and (xv) political, economic and military instability in Israel, including the impact of Israel’s war against Hamas. These and other important factors discussed in Odysight.ai’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 26, 2025, and our other reports filed with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Except as required under applicable securities legislation, Odysight.ai undertakes no obligation to publicly update or revise forward-looking information.

    Company Contact:

    Einav Brenner, CFO
    info@odysight.ai

    Investor Relations Contact:

    Miri Segal
    MS-IR LLC
    msegal@ms-ir.com
    Tel: +1-917-607-8654

    1Including cash, cash equivalents, short term deposits and restricted deposit/cash.

    2Backlog is measured and defined differently by companies within our industry. We refer to “backlog” as our booked orders based on purchase orders or hard commitments but not yet recognized as revenue. Backlog is not a comprehensive indicator of future revenue and is not a measure of profitability. Orders included in backlog may be cancelled or rescheduled by customers. A variety of conditions, both specific to the individual customer and generally affecting the customer’s industry, may cause customers to cancel, reduce or delay orders that were previously made or anticipated. Projects may remain in backlog for extended periods of time.

    ODYSIGHT.AI INC.
    INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

        Three months ended  
        March 31,  
        2025     2024  
        Unaudited  
        USD in thousands
    (except per share data)    		  
                 
    REVENUES     2,065       187  
    COST OF REVENUES     1,527       410  
    GROSS PROFIT (LOSS)     538       (223 )
    RESEARCH AND DEVELOPMENT EXPENSES     2,487       1,567  
    SALES AND MARKETING EXPENSES     396       234  
    GENERAL AND ADMINISTRATIVE EXPENSES     2,215       1,340  
    OPERATING LOSS     (4,560 )     (3,364 )
    FINANCING INCOME, NET     295       202  
    NET LOSS     (4,265 )     (3,162 )

     ODYSIGHT.AI INC.
    INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

        March 31,     December 31,  
        2025     2024  
        Unaudited     Audited  
        USD in thousands  
    Assets                
                     
    CURRENT ASSETS:                
    Cash and cash equivalents     36,881       18,164  
    Restricted cash     326       –  
    Restricted deposit     –       322  
    Accounts receivable     192       1,510  
    Inventory     –       203  
    Other current assets     692       588  
    Total current assets     38,091       20,787  
                     
    NON-CURRENT ASSETS:                
    Contract fulfillment assets     –       1,017  
    Property and equipment, net     407       407  
    Operating lease right-of-use assets     995       1,113  
    Severance pay asset     254       259  
    Other non-current assets     96       96  
    Total non-current assets     1,752       2,892  
                     
    TOTAL ASSETS     39,843       23,679  
    Liabilities and shareholders’ equity                
                     
    CURRENT LIABILITIES:                
    Accounts payable     486       442  
    Contract liabilities – short term     243       702  
    Operating lease liabilities – short term     505       539  
    Accrued compensation expenses     1,456       1,124  
    Related parties     218       120  
    Other current liabilities     510       368  
    Total current liabilities     3,418       3,295  
                     
    NON-CURRENT LIABILITIES:                
    Contract liabilities – long term     –       1,373  
    Operating lease liabilities – long term     406       508  
    Liability for severance pay     254       259  
    Total non-current liabilities     660       2,140  
                     
    TOTAL LIABILITIES     4,078       5,435  
                     
    SHAREHOLDERS’ EQUITY:                
    Common stock, $0.001 par value; 300,000,000  shares authorized as of March 31, 2025, and December 31, 2024, 16,307,321 and 12,612,517 shares issued and outstanding as of March 31, 2025, and December 31, 2024, respectively     17       13  
    Additional paid-in capital     85,987       64,205  
    Accumulated deficit     (50,239 )     (45,974  
    TOTAL SHAREHOLDERS’ EQUITY     35,765       18,244  
                     
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     39,843       23,679  

    The MIL Network –

  • MIL-OSI: Bitget Wallet Expands Sei Integration After $20M TVL Surge in One Week

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, May 15, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, a leading non-custodial crypto wallet, announced that total value locked (TVL) in Sei Ecosystem Month has exceeded $20 million in one week. The milestone follows strong user participation and has prompted an expansion of the campaign’s total prize pool to $1.2 million, with more phases scheduled in the weeks ahead.

    Following Bitget Wallet’s full integration with the Sei network, users can now trade, track, and transfer Sei assets, while bridging tokens from 30 mainstream blockchains into the Sei EVM via Bitget Wallet’s cross-chain infrastructure. Its Super DEX, a decentralized liquidity aggregator spanning 130+ chains, further enables seamless interaction with Sei-based assets from a single interface.

    Phase 1 of the campaign, launched May 8 in partnership with Takara Lend, allows users to bridge a minimum of 100 USDT into Sei and stake to earn up to 40% APY. Rewards are distributed in WSEI on a first-come, first-served basis, and the campaign will run through August 8. Phase 2, which began May 15, features a trading task in collaboration with Sailor Finance and runs through May 29. Future phases will highlight additional projects building on Sei, extending the campaign’s scope across the broader ecosystem.

    “The traction we’ve seen in just one week speaks to how fast Sei’s DeFi ecosystem is evolving — and how well Bitget Wallet’s infrastructure can onboard users at scale,” said Alvin Kan, COO of Bitget Wallet. “With this momentum, we’re doubling down on ecosystem support and expanding our campaign lineup to bring more users onchain, seamlessly.”

    For more information, visit Bitget Wallet blog.

    About Bitget Wallet
    Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple, seamless and secure for everyone. With over 80 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, a DApp browser, and payment solutions. Supporting 130+ blockchains and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets.

    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook

    For media inquiries, please contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/506fe8b4-1015-48bf-9b9a-9fc0c7efccae

    The MIL Network –

  • MIL-OSI: Best Online Tarot Reading [2025] Free Love Tarot Card Reading by Experts

    Source: GlobeNewswire (MIL-OSI)

    Los Angeles, CA, May 15, 2025 (GLOBE NEWSWIRE) —

    If you’re seeking clarity about love, life, or your future, online tarot reading can offer deep insights and meaningful guidance.

    With so many online tarot reading platforms, it can be difficult for users to know which ones are worth their time and money. That’s why tarot reading experts take a rigorous and independent approach to evaluating and ranking the best online tarot reading services each year. The goal is simple: help people find trustworthy, accurate, and user-friendly platforms that consistently deliver meaningful guidance.

    ⇒ Need answers? Start your free tarot reading session with real accuracy!

    Tarot reading experts have officially released their 2025 rankings of the best online tarot reading services, offering users a trusted guide to the most accurate and reputable tarot platforms. The site’s new list features handpicked platforms offering intuitive, confidential, and personalized tarot experiences—many with free online tarot reading options to get started. 

    With interest in online tarot reading growing steadily worldwide, the updated rankings aim to help seekers find meaningful and authentic guidance, especially in love, career, emotional clarity, and personal growth.

    ⇒ Clear answers await—book your online tarot reading with verified experts! 

    According to tarot reading experts, the surge in demand for tarot card reading online is driven by a need for instant clarity in uncertain times. From relationship struggles to professional crossroads, more people are turning to love tarot reading and other specialized services to gain deeper insight and peace of mind. 

    As digital spiritual services continue to rise in popularity, Tarot reading experts stand out as a reliable source for discovering the top-rated online tarot card reading platforms in 2025. The complete rankings are now available on their official website.

    ⇒ Need clarity? Get the most accurate tarot reading online today!

    How Tarot-Reading-Experts.com Ranks the Best Online Tarot Reading Services

    To identify the top-rated online tarot card reading services for 2025, tarot reading experts use a detailed set of criteria designed to measure each platform’s overall quality and reliability. This process involves both expert analysis and direct feedback from actual users. The following core factors are used in the rankings:

    Verified Customer Reviews: User experiences are among the most important quality indicators. Platforms with consistently positive feedback, especially in categories like free love tarot reading, money readings, and life path insight, rank higher.

    Reader Experience & Credentials: Only platforms with experienced, intuitive tarot readers with strong reputations are considered. Sites that allow users to view reader profiles, ratings, and specialties (such as tarot reading online free) are favored.

    ⇒ Start your truthful tarot reading session with real experts!

    Ease of Use: A good online tarot reading platform should be easy to navigate, both on desktop and mobile. Rankings factor in site speed, design, account setup, and how simple it is to start a session.

    Customer Satisfaction: Using surveys and review aggregation, Tarot-Reading-Experts.com measures how happy users are with the overall experience, including how insightful and helpful their tarot card reading sessions were.

    Value and Pricing Transparency: Affordability matters. Services that provide clear pricing, offer free online tarot reading trials, or include flexible packages tend to receive higher marks.

    ⇒ Experience true guidance with accurate tarot readers!

    Independent Reviews and User Surveys

    The rankings aren’t influenced by advertisers or brand partnerships. Instead, tarot reading experts use independent evaluations, detailed testing, and anonymous user surveys to ensure fairness and accuracy. By combining expert insights with real user feedback, the site provides readers with reliable information to confidently choose the best online tarot reading service for their needs.

    This approach ensures that every platform listed has been vetted for performance and its ability to deliver authentic, compassionate, and meaningful readings across all major life areas.

    ⇒ Try a professional online tarot reading you can trust!

    What Is Tarot Reading and How Does It Work?

    Tarot reading is a centuries-old practice that combines symbolic images, intuition, and emotional insight to help people better understand their situations and make empowered decisions. Though many associate tarot with fortune-telling, it’s more commonly used today for reflection, guidance, and emotional clarity, especially through online tarot reading platforms.

    The history of tarot dates back to 15th-century Europe, where it began as a playing card game. By the 18th century, tarot had evolved into a spiritual practice for divination and personal insight. Today, it’s one of the most popular forms of intuitive guidance available online.

    ⇒ Connect now with top-rated, accurate tarot readers!

    Understanding the Tarot Deck: Major and Minor Arcana

    A standard tarot deck contains 78 cards, divided into two main groups:

    • The Major Arcana: 22 cards representing major life themes and turning points, such as The Lovers, The Tower, and The Fool. These cards tend to carry strong symbolic messages and influence.
    • The Minor Arcana: 56 cards that reflect everyday situations, challenges, and emotions. These are divided into four suits—Cups, Pentacles, Swords, and Wands—each representing different areas of life like relationships, money, thoughts, and creativity.

    During a tarot card reading, a reader will arrange the cards in a specific spread (such as a three-card draw or Celtic Cross) and interpret them based on their position, symbolism, and intuitive connection to the person receiving the reading.

    ⇒ Get accurate insights from a real tarot card reading!

    How Tarot Reading Works Online

    With today’s technology, online tarot card reading has become more accessible. Readings are typically offered through chat, video calls, or phone, making it possible to receive accurate, personal insight without leaving home. Many platforms also provide a free online tarot reading as an introduction, allowing new users to test the experience before booking a longer or deeper session.

    The online format doesn’t dilute the reading. Many users find that tarot reading online provides the same emotional connection and accuracy as an in-person session. A skilled reader can tune into your energy through your words, questions, and emotional tone—no matter the distance.

    ⇒ Receive honest answers from skilled tarot readers online!

    Why Choose an Online Tarot Reading?

    An online tarot reading is a convenient and private way to gain spiritual guidance without needing to leave your home. Whether you’re facing a tough decision or simply curious about what lies ahead, tarot card reading services can provide symbolic insights that resonate with your situation.

    What to Expect from a Tarot Reading Online

    During a tarot reading online, a reader draws cards from the deck to answer questions about love, career, or your life path. Each card has a specific meaning, and its placement in the spread helps form a narrative tailored to your inquiry. Modern platforms now offer chat-based, video, or even AI-assisted tarot card reading options, making it accessible to everyone.

    ⇒ See what trusted online tarot readers have to say!

    The Best Online Tarot Reading Platforms

    Here are some features to look for when choosing the best online tarot reading service:

    • Experienced Readers: Look for platforms that screen their psychics and tarot readers.
    • User Reviews: Real testimonials help determine a platform’s reliability.
    • Free Trials or Discounts: Many sites offer a free online tarot reading or introductory rates.
    • Multiple Reading Options: From traditional tarot to oracle cards and numerology.

    Exploring Love and Relationships with Tarot

    A free love tarot reading is one of the most popular types of spreads used in online tarot reading services. Whether you’re wondering if a partner is right for you, or seeking insight into a future relationship, tarot can provide emotional clarity. A free love tarot reading is a great way to dip your toes into the world of spiritual guidance without a financial commitment.

    ⇒ Talk to accurate tarot readers for a trusted love tarot reading!

    Try a Free Online Tarot Reading Today

    If you’re new to the world of tarot, a free online tarot reading is the perfect place to start. Many platforms allow you to try out a session with no strings attached, offering both general and specific spreads, including the popular free love tarot reading option.

    ⇒  Get instant answers with a free tarot reading!

    What Questions Can Tarot Answer?

    While tarot card reading isn’t meant to predict your exact future, it does help reveal patterns, energies, and possible outcomes based on your current path. Common questions center around:

    • Love and relationships (especially through love tarot reading)
    • Career choices and work-related challenges
    • Family matters
    • Personal growth and life transitions
    • Spiritual direction or internal blocks

    The key is to approach the reading with an open mind and clear questions. For example, asking “What energy surrounds my relationship right now?” will lead to a more useful answer than “Will my ex come back?”

    ⇒ Find answers with an online tarot reading for love and life!

    Intuition and Symbolism Are at the Core

    Tarot isn’t about hard rules or set answers. Instead, it’s a collaborative process between the reader, the cards, and your energy. Each card carries layers of meaning, and skilled readers interpret those symbols in the context of your unique question or concern. Their intuition and years of practice bring each reading to life.

    Why Online Tarot Reading Is Trending in 2025

    In 2025, online tarot reading has become one of the most sought-after spiritual tools across the globe—and it’s not hard to see why. As more people turn to tarot for guidance, growth, and clarity, the convenience and effectiveness of digital readings are helping to redefine how we approach intuitive insight.

    ⇒ Find clarity in your heart with a personalized online tarot reading!

    Anytime, Anywhere Access

    One of the main reasons for the growing popularity of tarot card reading online is accessibility. With just a few taps on a phone or clicks on a laptop, users can connect with experienced tarot readers without leaving home. Whether you’re dealing with a sleepless night, going through a rough breakup, or need help making a tough decision, having access to 24/7 tarot reading online services makes it easier to get immediate answers on your schedule.

    This flexibility also eliminates the stress of commuting, scheduling weeks ahead, or sitting awkwardly in a metaphysical shop. Instead, you can enjoy a private and personalized online tarot card reading session from the comfort of your home, or even on a quick break at work.

    Affordable and Often Free to Try

    In-person readings can be expensive and inconsistent. Many users turn to free online tarot reading platforms to explore their options before paying for deeper insight. Some of the best online tarot reading services now offer free trials, introductory questions, or short sample readings to help users feel confident before committing financially.

    This affordability is especially important in today’s economy, where people still seek spiritual connection but need cost-effective ways to find it.

    ⇒ Find trusted guidance with an expert tarot reading online!

    A Shift in Global Mindset

    Another key factor behind this trend is the growing trust in digital spiritual services. People are now more open than ever to exploring holistic tools like tarot reading, astrology, and energy healing—all from their phones. The internet has made it easier to research platforms, read reviews, and choose qualified readers who match individual values or beliefs.

    What Makes a Tarot Reading Accurate?

    Not all tarot readings are created equal. While tarot card reading has always been rooted in symbolic interpretation, what truly determines its value is the depth and accuracy of the insights it provides. Whether done in person or through online tarot reading, the quality of a reading depends on a few key factors. These include the reader’s intuition, connection with the client, and ability to interpret the cards meaningfully.

    ⇒ Ready for clarity? Start your journey at Tarot-Reading-Experts.com

    It Starts with the Reader’s Intuition

    The reader’s intuitive ability is at the heart of every accurate tarot reading. Tarot cards don’t deliver concrete answers—they open the door to deeper reflection and energy-based messages. A gifted reader uses more than just the traditional meanings of the cards. They tune into the subtle emotional and energetic cues of the client, even during a tarot reading online, to understand the deeper message the cards are trying to convey.

    Online readings rely heavily on this skill, especially when video or voice isn’t involved. The best readers can still pick up on emotional energy through chat, written questions, or even how someone types.

    The Right Spread Makes a Difference

    The layout, or “spread,” used during a reading also plays a critical role. A simple three-card spread might reveal the past, present, and future of a love situation, while a Celtic Cross Spread can offer a comprehensive look into more complex issues. Skilled readers know which spread to use based on the client’s needs and how to adapt the positions to fit the question.

    Whether it’s a short, free online tarot reading or a full, in-depth session, using the right layout helps organize the message and allows for a clearer interpretation.

    Asking the Right Questions

    A precise tarot reading often begins with the client asking the right questions. Open-ended prompts such as “What can I expect if I stay in this relationship?” or “What energy surrounds my career path right now?” invite deeper, more revealing answers than closed yes-or-no questions. When clients know what they’re looking for, it’s easier for the reader to use the cards effectively, especially in free love tarot reading sessions, which are often emotionally charged.

    ⇒ Ask your question and get an honest tarot reading online!

    Interpretation Is an Art, Not a Script

    Finally, the best tarot card reading online experiences come from readers who blend intuition with empathy. They don’t just recite card meanings—they read between the lines, pick up on emotional cues, and provide guidance with compassion. They recognize that tarot is not about prediction, but about perspective.

    This combination of skill, insight, and connection separates a generic reading from a powerful one. And with more people turning to tarot reading online free platforms to test the waters, finding a reader who embodies these traits is more important than ever.

    ⇒ Choose clarity—try a reliable tarot card reading!

    Top Features to Look for in an Online Tarot Reading Platform

    With the growing popularity of online tarot reading, it’s more important than ever to know what sets a quality platform apart from the rest. Whether you’re exploring tarot card reading online for the first time or looking to switch services, paying attention to a few key features can help you get the most accurate, valuable, and enjoyable experience possible.

    Free Introductory Readings

    A reliable tarot platform often offers a free online tarot reading or a short introductory session. This allows new users to test the waters, get a feel for the reader’s style, and decide if the platform is a good fit before spending money. Whether it’s a few free minutes, a sample spread, or a trial offer, these options help build trust and transparency.

    Top-rated services now include tarot reading online free trials, making it easier for users to explore topics like love, career, or life direction without pressure.

    ⇒ Find a free or live tarot reading now at Tarot-Reading-Experts.com

    Specialty Readings for Deeper Insight

    Another important feature is the availability of specialized tarot readings. The best platforms offer more than just general readings—they include focused sessions like:

    • Love tarot reading for romantic clarity and relationship questions
    • Career and financial guidance
    • Past life readings for spiritual exploration
    • Yes/no quick reads for fast decisions

    Access to multiple categories ensures you can find the right tarot card reading online to meet your specific emotional or spiritual needs.

    ⇒ Feel confident with answers from accurate tarot readers!

    Flexible Reading Formats

    Everyone has different comfort levels, and a quality platform should offer various communication options. Look for services that allow you to choose between:

    • Live chat for quick, discreet communication
    • Phone readings for more voice-driven connection
    • Video sessions for face-to-face depth

    This flexibility enhances the online tarot card reading experience, letting you choose what feels most natural.

    Clear Policies and Satisfaction Guarantees

    Trustworthy online tarot card reading platforms stand behind their service. Look for sites that offer clear refund policies, satisfaction guarantees, or the option to switch readers if the session doesn’t resonate with you. This shows the platform values integrity and wants you to walk away feeling seen and supported.

    ⇒ Access transparent, truthful tarot card readings!

    Benefits of Tarot Card Reading Online

    As more people seek clarity and guidance from the comfort of their homes, online tarot reading has become the preferred option for many spiritual seekers. It’s not just a digital version of a traditional session—it’s an entirely enhanced experience that offers more control, flexibility, and convenience than ever before. Whether you’re interested in a quick check-in or an in-depth love tarot reading, the advantages of tarot card reading online are hard to ignore.

    1. No Need for In-Person Visits

    One of the most obvious benefits is that you no longer need to travel to a physical location to receive a reading. With online tarot card reading platforms, you can connect with experienced readers from anywhere in the world, without commuting, dressing up, or working around someone else’s schedule. This is especially helpful for those living in remote areas or facing mobility challenges.

    2. Time-Efficient and Always Accessible

    Modern life is busy, and squeezing in time for spiritual self-care isn’t always easy. That’s why tarot reading online has become so popular. Sessions can be as short as 10 minutes or as long as an hour, and many platforms offer 24/7 availability. Whether it’s early morning or late at night, you can log in and connect with a reader when it works.

    ⇒ Get your question answered by a trusted tarot expert!

    3. Greater Variety of Readers and Styles

    Online platforms offer access to a wide range of readers with different styles, backgrounds, and specialties. Looking for a compassionate guide for a love tarot reading? Or maybe you’re interested in past life insights or financial clarity? Whatever your focus, you’ll have far more options online than you’d ever find locally. The best platforms also allow you to browse reader bios, client reviews, and availability before booking.

    4. Ability to Save and Revisit Readings

    Another major perk of tarot card reading online is the ability to save session transcripts, notes, or even video/audio recordings (depending on the platform). This allows you to revisit the guidance you received and track how things unfold over time. It’s like keeping a spiritual journal, only with expert insight included.

    5. More Privacy and Emotional Comfort

    Some people find in-person sessions intimidating or emotionally overwhelming. Online tarot reading offers a layer of emotional comfort and privacy. You’re free to express yourself without judgment, and you can control the pace and format of the session. Whether it’s through chat, voice, or video, the setting is entirely yours to choose.

    ⇒ See what’s ahead with clarity from accurate tarot readers!

    6. Affordable and Often Free to Start

    Many platforms now offer free online tarot reading options or introductory discounts, making spiritual guidance more accessible than ever. Whether you’re testing the waters or looking for regular insight, affordable pricing means more people can benefit from a high-quality tarot card reading without financial strain.

    7. Global Reach, Local Convenience

    Finally, online tarot card reading breaks geographical barriers. You can connect with gifted readers across continents, bringing diverse perspectives and deeper insight into your sessions—all from your phone, tablet, or laptop.

    With so many practical and emotional benefits, it’s no surprise that the best online tarot reading services continue to attract thousands of users seeking honest, personal, and meaningful guidance.

    ⇒ Experience clarity and truth with an online tarot reading!

    How to Choose the Right Online Tarot Reader for You

    Not all tarot readers are the same, and finding the right one can make the difference between a vague session and a powerful, insightful experience. Thanks to the rise of online tarot reading, users can now access thousands of skilled readers worldwide. But with so many choices, how do you find the one that’s right for you?

    Here are the most important factors when choosing a tarot reader online.

    1. Match Their Specialty to Your Needs

    Are you seeking clarity in your love life, looking to shift careers, or hoping to understand your emotional blocks? Start by identifying the main reason you’re seeking a reading. The best online tarot reading platforms allow you to filter readers by specialty, such as free love tarot reading, life purpose, financial guidance, or spiritual healing.

    Choosing a reader specializing in your area of concern helps ensure your session will be focused, meaningful, and on target.

    ⇒ Take control of your path with a detailed tarot reading online

    2. Review Reader Profiles and Client Feedback

    On most platforms, each tarot reader has a public profile detailing their experience, reading style, and client reviews. Some also include sample readings or video introductions. Look for someone whose energy and approach resonate with you, whether you prefer direct answers, compassionate insight, or spiritual depth.

    User reviews can reveal whether the reader has a track record of an accurate tarot card reading online and how they handle different types of clients and questions.

    3. Consider Communication Style

    Think about how you’d prefer to receive your reading. Some people are more comfortable with live chat, while others feel a stronger connection through video or phone. Choose a format that matches your comfort level.

    • Chat readings are great for discreet, fast sessions
    • Phone readings allow for a more emotional connection through tone
    • Video calls offer a face-to-face experience without needing to meet in person

    Good platforms give you these options, allowing your online tarot card reading to feel as natural as possible.

    ⇒ Ask the cards and get accurate, fast results!

    4. Check Pricing and Free Trial Options

    If you’re new to tarot card reading online, you might want to try a free online tarot reading or an introductory session before committing to a full reading. Top-rated platforms offer free minutes, trial credits, or satisfaction guarantees to help first-time users feel secure in their choice.

    Even if readers charge higher rates, their feedback and experience might justify the cost. Always weigh value against budget and comfort.

    5. Trust Your Intuition

    Finally—and this is important—trust your gut. If something about a reader doesn’t sit right with you, move on. Your energy and comfort are crucial during a tarot reading online session. The right reader will feel easy to connect with, even before the cards are drawn.

    In the digital age, you have more tools than ever to find a reader who truly aligns with your energy and goals. Take your time, explore your options, and don’t be afraid to try a few different readers until you find the perfect match.

    ⇒  Find trusted tarot platforms for 2025 at Tarot-Reading-Experts.com

    Common Misconceptions About Online Tarot Reading

    Despite its growing popularity, online tarot reading still faces a range of misconceptions. Some people hesitate to explore it because of outdated ideas or confusion about how tarot works in a digital format. Clearing up these myths is essential to understanding what tarot card reading online offers and how it can be a useful tool for self-reflection and guidance.

    Let’s look at some of the most common myths and the truth behind them.

    1. Tarot Reading Only Works In Person

    One of the biggest myths is that tarot readings must happen face-to-face to be effective. In reality, energy and intention are not limited by physical space. Experienced tarot readers can connect just as powerfully over the internet as they can in person. Thanks to video, chat, and phone options, online tarot card reading sessions are often just as personal—and sometimes even more comfortable—than in-person sessions.

    Many people even prefer tarot reading online because it gives them space to open up without pressure.

    ⇒ Trusted psychics are live for your tarot card reading

    2. You Have to Believe in Magic or the Occult

    Tarot is not about casting spells or predicting fixed outcomes. While it has spiritual roots, modern tarot card reading is more commonly used as a tool for reflection, clarity, and personal growth. You don’t need to believe in any particular tradition to benefit from a session. Most readers focus on insight, emotional patterns, and life decisions rather than “fortune-telling.”

    People from all backgrounds and belief systems can use an online tarot reading or readings to understand their thoughts and gain perspective.

    3. All Tarot Readings Are Vague or Fake

    Another widespread belief is that all tarot readers give general answers that could apply to anyone. While that might be true for some low-quality providers, the best online tarot reading platforms carefully vet their readers for authenticity, accuracy, and professionalism. A skilled tarot reader will tailor their reading to your specific questions and energy, offering relevant and personal insights.

    Like with any profession, some practitioners are better than others—choosing the right one makes all the difference.

    ⇒ Don’t be left guessing—get a real tarot reading online!

    4. Free Readings Are a Scam

    It’s smart to be cautious online, but not all free online tarot reading offers are misleading. In fact, many reputable platforms give new users a few free minutes or credits to test their services. These are often real sessions, shorter in length, and designed to help you try different readers before spending money.

    Look for clear terms, transparent pricing, and tarot reading online free trials offered directly through established platforms, not through suspicious pop-ups or random ads.

    5. Tarot Readers Will Tell You What to Do

    Contrary to what some think, a tarot reading isn’t about being told what choices to make. Good readers don’t control your decisions—they offer guidance and possible outcomes based on your current path. Tarot is about self-awareness, not control. You’re still the one in charge of your life.

    A quality online tarot card reading helps you feel empowered, not dependent.

    ⇒ Real advice, no guesswork—just a precise tarot reading!

    Free Online Tarot Reading vs Paid Tarot Reading: What’s the Difference?

    There are two options in online tarot reading: free readings and paid sessions with a live tarot reader. Both have their place, but they serve very different purposes. Understanding their differences can help you decide which is right for your needs, or how to use both effectively.

    What You Get with Free Online Tarot Reading Tools

    Free online tarot reading tools are usually automated programs that let you select digital tarot cards and receive pre-written interpretations. These tools can be great for casual guidance or quick reflection. They’re available 24/7, cost nothing, and are a helpful starting point for beginners exploring tarot card reading online.

    However, these free readings lack personalization. They don’t factor in your energy, emotions, or the specific context of your question. They offer general meanings for each card, rather than weaving them together to form a complete, intuitive message.

    ⇒ Click to chat with accurate tarot readers instantly!

    The Value of Paid Tarot Reading Online

    Paid sessions connect you with a real, experienced tarot reader who can provide deeper insights and emotional connection. Live online tarot card reading sessions allow for follow-up questions, clarification, and readings that evolve with your energy in real time. They’re especially helpful for more personal topics, such as love tarot reading, career crossroads, or inner healing.

    When looking for real clarity or dealing with sensitive issues, the difference in quality and depth between a free and paid reading becomes clear.

    Start Free, Then Go Deeper

    Free readings are a great introduction to the tarot, and some of the best online tarot reading platforms even offer free minutes with real readers. But upgrading to a personalized, live tarot reading online is often the better choice for layered insight and meaningful transformation.

    ⇒ Get quick, trustworthy answers from a live tarot expert!

    Conclusion

    As virtual spiritual services continue to gain global traction, Tarot-Reading-Experts.com is setting a new benchmark with its 2025 rankings for the best online tarot reading platforms. This timely announcement highlights the growing demand for trusted, convenient, and deeply insightful tarot card reading online experiences.

    Backed by extensive research and expert evaluation, the platform’s latest report reflects the evolution of tarot in the digital age, where users now prioritize privacy, access, and quality over in-person tradition. With a rising number of individuals turning to online tarot card reading for clarity in love, career, and personal growth, the service has become a mainstay for self-guided decision-making and emotional support.

    From free online tarot reading tools to highly rated live sessions with professional readers, the online format empowers users to choose the type of experience that suits their personal needs. The most reputable platforms now offer 24/7 access, diverse reading types, and strong satisfaction guarantees, ushering in a new era of intuitive guidance that’s just a click away.

    See why thousands trust Tarot-Reading-Experts.com for online readings.

    FAQs

    Is tarot card reading online accurate?

    Yes, tarot card reading online can be just as accurate as in-person sessions. A skilled reader doesn’t need to physically touch the cards or see you in person to tune into your energy. Accuracy depends more on the reader’s experience, your openness, and the clarity of your question than on physical proximity.

    Can I get a free tarot reading online?

    Many reputable platforms offer a free online tarot reading to help new users explore their services. These can range from a few complimentary minutes with a live reader to automated card pulls with general interpretations. A tarot reading online free trial gives you a low-risk way to test out different readers, styles, or topics before committing to a paid session.

    What can I ask about in an online tarot card reading?

    You can ask about almost anything—love tarot reading is especially popular. However, readers also cover topics like career, finances, health (in a spiritual sense), family, life purpose, personal growth, and decision-making. The key is to be specific and open. The more focused your question, the more relevant your reading will likely be.

    How long does an online tarot reading usually take?

    Online tarot card reading sessions typically range from 10 minutes to an hour, depending on the platform, the number of questions you have, and your chosen format. Some services offer quick answers, while others provide deep, detailed insights. You can often choose how much time you want to spend, and many readers will let you extend the session if needed.

    Is it safe to do tarot reading online?

    Yes, as long as you use a reputable website. Look for platforms that are transparent about pricing, have verified reader profiles, and offer secure payment options. Reading reviews and checking customer ratings can also help you avoid scams. A trusted online tarot card reading site will respect your privacy and never pressure you into buying more services.

    How often should I get a tarot reading?

    That depends on your needs. Some people like to check in weekly, especially for a love tarot reading or ongoing decisions. Others prefer monthly or even just when facing a major life shift. As long as you’re not becoming dependent on the cards for every decision, you can set your own pace.

    What is the best online tarot reading service?

    The best online tarot reading service is one that offers experienced readers, accurate insights, and flexible formats like video or chat readings.

    How does a tarot reading online work?

    In a tarot reading online, a reader uses a digital interface to pull tarot cards and interpret their meanings based on your question or situation.

    What can I expect from a love tarot reading?

    A love tarot reading focuses on your romantic life, helping you understand relationship dynamics, feelings, and future possibilities.

    Where can I get a free love tarot reading?

    Many websites offer a free love tarot reading as an introduction to their services, giving you insight into your relationships at no cost.

    Are tarot card readings online private?

    Yes, most tarot card reading services ensure full privacy and confidentiality, especially during chat or video sessions.

    Can I trust free online tarot reading results?

    While a free online tarot reading gives useful insights, for deeper accuracy it’s best to consult an experienced tarot reader.

    Do I need to prepare before a tarot reading online?

    It’s helpful to come with a clear question or topic in mind to get the most accurate results from your tarot reading online.

    Are online tarot readers certified or trained?

    Reputable platforms offering the best online tarot reading often verify their readers through reviews, experience, and training.

    What device can I use for a tarot reading online?

    You can use your smartphone, tablet, or computer to access most tarot reading online platforms, anytime and anywhere.

    Can tarot readings predict the future?

    A tarot card reading offers symbolic guidance and can highlight potential outcomes, but it should be used as a tool for reflection, not absolute prediction.

    Media Contact
    Company: Tarot Reading Experts
    Contact Person: Ryan C. Martinez
    Email: support@tarot-reading-experts.com
    Address: 2350 Canyon Drive, Los Angeles, CA 90068, USA
    URL: https://tarot-reading-experts.com/
    Phone: +1 603-563-2960

    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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    All product reviews and descriptions reflect the author’s honest opinion based on available public data, user feedback, and scientific references at the time of writing. The inclusion of affiliate links does not influence the objectivity or integrity of the content. However, readers are encouraged to independently verify product information and consult with healthcare professionals prior to purchase or use.
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    Product and Trademark Rights
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    The MIL Network –

  • MIL-OSI: Xtract One Enters Master Supply Agreement with Global Entertainment Organization for Security Screening Deployment

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 15, 2025 (GLOBE NEWSWIRE) — Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL) (“Xtract One” or the “Company”) today announced that the Company has entered into a Master Supply Agreement with a new customer, a leading global media and entertainment organization. Through this agreement, Xtract One’s SmartGateway has been selected as the screening technology solution that is now available at any location and will initially be deployed in a first application at an venue in Asia – with the potential of ongoing expansion at any of the brand’s growing portfolio of hundreds of entertainment venues, retail stores, and production facilities worldwide. The first installation is expected to begin in the second quarter of 2025; additional terms were not disclosed.

    “We’re energized to be working with yet another major player in the global entertainment industry, furthering the case for creating safer entertainment spaces for everyone around the world,” said Peter Evans, CEO of Xtract One. “The testing executed was some of the most rigorous that we have been subjected to, with a very detailed set of prohibited items tested, along with detailed analysis of the metrics for the guest ingress experience. Large, global organizations such as this customer have highly valuable assets to protect, and high brand equity to maintain also. We are pleased to have been tested and proven to deliver against both metrics.”

    After testing at multiple locations, Xtract One’s SmartGateway was selected for its ability to provide fast, reliable, and accurate patron screening. This agreement sets a new standard within the global entertainment industry through the entertainment company’s effort to enhance security measures and ensure the safety of all venue visitors on a global scale. The first SmartGateway deployment will occur within the next months.

    Xtract One’s SmartGateway allows for fast, frictionless entry, enhancing safety without sacrificing experience. SmartGateway’s technology uses AI-powered sensors to unobtrusively scan individuals, seamlessly detecting threats without invading guests’ privacy. The AI-driven technology reduces wait times and enables faster entry, while providing data-driven security insights that shift security operations from reactive to proactive. The Company’s Multi-Sensor Gateway portfolio was recently awarded the U.S. Department of Homeland Security DHS SAFETY Act Designation as a Qualified Anti-Terrorism Technology (QATT), highlighting the efficacy of Xtract One’s innovative security solutions in safeguarding public spaces against modern threats.

    To learn more, visit www.xtractone.com.

    About Xtract One
    Xtract One Technologies is a leading technology-driven provider of threat detection and security solutions leveraging AI to deliver seamless and secure experiences. The Company makes unobtrusive weapons and threat detection systems that are designed to assist facility operators in prioritizing- and delivering improved “Walk-right-In” experiences while enhancing safety. Xtract One’s innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic. With solutions built to serve the unique market needs for schools, hospitals, arenas, stadiums, manufacturing, distribution, and other customers, Xtract One is recognized as a market leader delivering the highest security in combination with the best individual experience. For more information, visit www.xtractone.com or connect on Facebook, X, and LinkedIn.

    About Threat Detection Systems
    Xtract One solutions, when properly configured, deployed, and utilized, are designed to help enhance safety and reduce threats. Given the wide range of potential threats in today’s world, no threat detection system is 100% effective. Xtract One solutions should be utilized as one element in a multilayered approach to physical security.

    Forward Looking Statements
    This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, but are not limited to, the risks detailed from time to time in the continuous disclosure filings made by the Company with securities regulations. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company has no obligation to update any forward looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.

    For further information, please contact:
    Xtract One Inquiries: info@xtractone.com, http://www.xtractone.com   
    Investor Relations: Chris Witty, Darrow Associates, cwitty@darrowir.com, 646-438-9385
    Media Contact: Kristen Aikey, JMG Public Relations, kristen@jmgpr.com, 212-206-1645

    The MIL Network –

  • MIL-OSI: Euronext N.V. Annual General Meeting results   

    Source: GlobeNewswire (MIL-OSI)

    Euronext N.V. Annual General Meeting results         

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 15 May 2025 – Euronext announced that in its Annual General Meeting (AGM) that took place today, all resolutions with the exception of voting item 1 (advisory vote) were approved.

    The voting items were as follows:

    1. Proposal to adopt the 2024 remuneration report
    2. Proposal to adopt the 2024 financial statements
    3. Proposal to adopt a dividend of €2.90 per ordinary share
    4. Proposal to discharge the members of the Managing Board in respect of their duties performed during the year 2024
    5. Proposal to discharge the members of the Supervisory Board in respect of their duties performed during the year 2024
    6. Re-appointment of Piero Novelli as a member of the Supervisory Board
    7. Re-appointment of Olivier Sichel as a member of the Supervisory Board
    8. Appointment of Francesca Scaglia as a member of the Supervisory Board
    9. Re-appointment of Delphine d’Amarzit as a member of the Managing Board
    10. Appointment of René van Vlerken as a member of the Managing Board
    11. Proposal to amend the remuneration policy with regard to the Managing Board
    12. Proposal to amend the remuneration policy with regard to the Supervisory Board
    13. Proposal to appoint the external auditor
    14. Proposal regarding cancellation of the company’s own shares purchased by the company under the share repurchase program
    15. Proposal to designate the Managing Board as the competent body to issue ordinary shares
    16. Proposal to designate the Managing Board as the competent body to restrict or exclude the pre-emptive rights of shareholders
    17. Proposal to authorise the Managing Board to acquire ordinary shares in the share capital of the company on behalf of the company
    18. Proposal to authorise the Supervisory Board or Managing Board (subject to approval of the Supervisory Board) to grant rights to French beneficiaries to receive shares in accordance with Articles L225-197-1 and seq. of the French Code of commerce

    The payment of the annual dividend will occur on 28 May 2025, with ex-dividend on 26 May 2025 and record date on 27 May 2025.

    CONTACTS  

    ANALYSTS & INVESTORS – ir@euronext.com

    Investor Relations        Aurélie Cohen                 

            Judith Stein        +33 6 15 23 91 97          

    MEDIA – mediateam@euronext.com 

    Europe        Aurélie Cohen         +33 1 70 48 24 45   

            Andrea Monzani         +39 02 72 42 62 13 

    Belgium        Marianne Aalders         +32 26 20 15 01                 

    France, Corporate        Flavio Bornancin-Tomasella        +33 1 70 48 24 45                 

    Ireland        Andrea Monzani         +39 02 72 42 62 13                 

    Italy         Ester Russom         +39 02 72 42 67 56                 

    The Netherlands        Marianne Aalders         +31 20 721 41 33                 

    Norway         Cathrine Lorvik Segerlund        +47 41 69 59 10                 

    Portugal         Sandra Machado        +351 91 777 68 97                

    Corporate Solutions        Andrea Monzani         +39 02 72 42 62 13                          

    About Euronext  

    Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal.

    As of March 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal host nearly 1,800 listed issuers with €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.

    For the latest news, go to euronext.com or follow us on X and LinkedIn.

    Disclaimer

    This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.

    © 2025, Euronext N.V. – All rights reserved. 

    The Euronext Group processes your personal data in order to provide you with information about Euronext (the “Purpose”). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com.

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    The MIL Network –

  • MIL-OSI Global: Where do cuts to USAID leave the future of foreign aid in Africa? Podcast

    Source: The Conversation – UK – By Gemma Ware, Host, The Conversation Weekly Podcast, The Conversation

    Three months after the Trump administration made drastic cuts to its aid agency, USAID, the effects are being felt across the world, particularly in Africa.

     Donald Trump has long been a critic of foreign aid, arguing that it’s not aligned with American interests. But he is  by no means the first person to criticise the aid industry. Debates about the effectiveness of foreign aid have rumbled on for decades, taking in everything from the way development assistance is distributed, to what happens to countries which become dependent on it.

    In this episode of The Conversation Weekly podcast, we speak to Bright Simons, an African aid expert and visiting senior fellow at ODI Global, about where the decimation of USAID leaves the debate about the future of development assistance.

    Bright Simons tells The Conversation that in broad terms, USAID spending in Africa is pretty small: “It’s about US$12 billion (£9 billion) roughly, so you’re talking about less than 0.5% of GDP in Africa.”

    A lot of the aid spending on the continent was targeted at life-saving programmes in specific programmes, for example HIV programmes in Nigeria and Uganda. At the same time, some countries such as South Sudan or Rwanda rely heavily on aid. “ It’s not the same picture all across the continent, but there were specific spots that were very badly hit,” says Simons.

    The USAID cuts come amid a general reduction in overseas development assistance by 7% in 2024 compared to 2023, the first fall in five years. The UK government has also announced its intention to reduce the percentage of gross national income it spends on aid from 0.5% to 0.3% from 2027.

    No learning curve

    Simons believes the crisis in aid is bigger than Trump. He’s critical of the lack of accountability in the way aid is spent both through the western model of development spending and through the more transactional approach of countries such as Russia, India or the United Arab Emirates. He argues that policies and programmes are often put in place and promoted with little scrutiny on the ground, and weak oversight on the way they’re delivered.

    “ You don’t have a learning curve to get out of aid because you don’t know enough about what is working, what is not working, why it’s working, why it’s not working to chart a path that gets you away from that dependency,” says Simons.

    Simons suggests that aid delivered through multilateral institutions does have advantages over bilateral agreements between countries. “ In theory, there is room for that kind of accountability. Whether or not you are allowed to actually exercise it as a different matter,” he says.

    However, Simons suggests one response to the current reduction in foreign aid could be for multilateral institutions to borrow more money from capital markets and lend it on to low-income countries.

    Listen to Simons talk about the history and future of aid on The Conversation Weekly podcast. The episode also includes an introduction with Adejuwon Soyinka, West Africa editor at The Conversation Africa.

    This episode of The Conversation Weekly was written and produced by Mend Mariwany and Gemma Ware. Mixing and sound design by Eloise Stevens and theme music by Neeta Sarl.

    Newsclips in this episode from CBS News, CBS Evening News and DW News.

    Listen to The Conversation Weekly via any of the apps listed above, download it directly via our RSS feed or find out how else to listen here. A transcript of this episode is available on Apple Podcasts.

    Bright Simons is Honorary Vice-President at IMANI, a think tank in Ghana. He is President of mPedigree, a technology social enterprise.

    – ref. Where do cuts to USAID leave the future of foreign aid in Africa? Podcast – https://theconversation.com/where-do-cuts-to-usaid-leave-the-future-of-foreign-aid-in-africa-podcast-256608

    MIL OSI – Global Reports –

  • MIL-OSI: T1 Energy Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas and NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) — T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) reported financial and operating results for the first quarter 2025 today.

    Headlines

    • T1 has signed 253 MW 2025 sales agreement with U.S. utility-scale developer. This sales agreement, which is the first new customer commitment the Company has signed as T1 Energy, underscores T1’s commercial appeal to U.S. developer customers. With this sales agreement, T1 has now secured 1.75 GW of 2025 customer module sales and offtake commitments for G1 Dallas.
    • Reducing 2025 guidance, maintaining integrated G1/G2 guidance. T1 is lowering its 2025 full-year EBITDA guidance to $25 – $50 million from a prior range of $75 – $125 million based on a reduced production forecast of 2.6 – 3.0 GW from a prior expectation of 3.4 GW. The reduction in 2025 guidance reflects T1’s assumption of limited to no merchant sales from G1 Dallas during 2025 due to near-term trade policy uncertainties that are obscuring Bill of Materials cost visibility and creating a temporary lull in bidding activity, the elective conversion of three production lines from PERC to TOPCon technology, and a potential 800 MW inventory build. At the low-end of the updated EBITDA guidance range, T1 expects to exit 2025 with a cash and liquidity position of more than $100 million after approximately $70 million of cash debt service. There are no changes to T1’s projected $650 – $700 million annual run-rate EBITDA estimate based on optimized production at G1 Dallas and G2 Austin.
    • G1 Dallas revenues and production continue to ramp. Following the full handover of G1 Dallas to T1’s operating team in April, the Company’s U.S. module manufacturing facility has continued to ramp sales and production volumes. During Q1 2025, T1 generated $64.6 million of revenue from G1 Dallas exclusively associated with deliveries under the Trina offtake contract. During Q2 2025, deliveries under the RWE offtake contract have commenced. As of May 11th, T1 had produced 690 MW of modules from G1.
    • T1 has entered into a Heads of Agreement with a partner aligned with the Kingdom of Saudi Arabia to explore a potential investment in G2 Austin. T1 announced this morning that the Company has entered into a non-binding agreement to pursue an investment in the Company’s planned G2 Austin U.S. solar cell manufacturing facility. The agreement was signed at a ceremony in Riyadh this week hosted by the Saudi Ministry of Investment to commemorate the U.S. administration’s ‘America First’ program and the Kingdom’s commitment to investing in critical U.S. energy infrastructure projects.

    “T1’s rapid corporate transformation gained momentum during and following the first quarter,” said Daniel Barcelo, T1’s Chief Executive Officer and Chairman of the Board. “Although potential changes to trade policy are creating near-term uncertainties in the merchant sales market for T1 and our developer customers, we are well positioned to manage this sales environment with 1.7 GW of 2025 contracted module offtake coverage, a robust cash and liquidity position, and the continued production and sales ramp up at G1 Dallas. In addition, our plans to establish a vertically integrated U.S. solar value chain, coupled with our domestic content strategy, are generating meaningful interest from customers, prospective capital providers, and industrial partners. As we sprint forward with our key strategic initiatives, we will continue to prioritize value generating opportunities that enhance T1’s competitive position as an emerging leader in the U.S. solar and storage markets.”

    Highlights of First Quarter 2025 and Subsequent Events

    • G1 Dallas fully operational following term conversion of construction loan. On April 30th, T1 achieved term conversion of the G1 Dallas construction loan to a $235 million term loan in line with the previously communicated timeline. The conversion of the loan was conditioned upon third-party verification that construction, commissioning, and testing of all G1 Dallas production line equipment was complete. All production lines have been handed over to T1’s operations team.
    • Key additions strengthen T1’s leadership team. On April 28th, T1 announced the additions of Andy Munro as Chief Legal Officer and Russell Gold as Executive Vice President of Strategic Communications. Mr. Munro and Mr. Gold bring deep solar energy legal and communications experience to T1’s mission to create a vertically integrated, solar plus storage manufacturing and technology leader in the United States.
    • U.S. tariffs align with T1’s strategy to establish an integrated U.S. solar value chain based on high domestic content. On April 4th, T1 published a communication highlighting the potential long-term benefits to T1 from its domestic vertical integration strategy. Although solar industrial and tariff policy uncertainty are creating some near-term headwinds for T1 and utility-scale developers, T1 believes that it is positioned to benefit from public policies that promote U.S. manufacturing, technology transfer, and job creation.

    Business Outlook and Guidance

    • Reducing 2025 guidance, maintaining integrated G1/G2 guidance. T1 is lowering its 2025 full-year EBITDA guidance to $25 – $50 million from a prior range of $75 – $125 million based on a reduced production forecast of 2.6 – 3.0 GW from a prior expectation of 3.4 GW. The reduction in 2025 guidance reflects T1’s assumption of limited to no merchant sales from G1 Dallas during 2025 due to near-term trade policy uncertainties that are obscuring Bill of Materials cost visibility and creating a temporary lull in bidding activity; the elective conversion of three production lines from PERC to TOPCon technology; and a potential 800 MW inventory build. There are no changes to T1’s projected $650 – $700 million annual run-rate EBITDA estimate based on optimized production at G1 Dallas and G2 Austin.
    • Strong liquidity outlook despite reductions to 2025 to EBITDA guidance. At the low-end of T1’s updated 2025 EBITDA guidance range, the Company expects to exit 2025 with a cash and liquidity position of more than $100 million after approximately $70 million of cash debt service. T1’s significant liquidity position is supported by 1.5 GW of high-margin customer offtake contracts, the anticipated start of Section 45X Production Tax Credit (“PTC”) monetizations in Q2 or Q3 2025, and the expected roll off of $20 million of legacy annual General & Administrative expenses by 2026 associated with the wind down of T1’s legacy European business.
    • T1 is advancing financing processes for G2 Austin. T1 initiated several capital formation initiatives in parallel during the first quarter to pursue funding for the Company’s planned G2 Austin U.S. solar cell facility. The Company is currently advancing a project financing with its consortium of commercial lenders, the monetization of Section 45X PTCs, and possible mezzanine financing options to complement expected customer offtake deposits to reserve G2 capacity.
    • Update on European Portfolio Optimization. The Company continues to make progress with the wind down of legacy European operations and the European Portfolio Optimization initiative. As personnel-related expenses roll off T1’s P&L, cost savings from the wind down should accelerate later in 2025, representing a projected $20 million of General & Administrative costs that will not recur in 2026. T1’s Board of Directors is concurrently overseeing the process of potentially harvesting value from legacy European assets, including Giga Arctic, the Customer Qualification Plant, and the Giga Vasa project. Securing access to additional power for these assets is expected to be a key value driver, and T1 will provide additional updates as the process develops.

    Q1 2025 Results Overview

    • T1 Energy reported a net loss attributable to common stockholders for the first quarter 2025 of $17.1 million, or $0.11 per diluted share compared to a net loss of $28.5 million, or $0.20 per diluted share for the first quarter of 2024. Net loss from continuing operations was $4.1 million, or $0.03 per diluted share for the first quarter of 2025 compared to $11.3 million or $0.08 per diluted share for the first quarter of 2024. Net loss from discontinued operations was $12.1 million or $0.08 per diluted share for the first quarter of 2025 compared to $17.4 million or $0.12 per diluted share for the first quarter of 2024.
    • As of March 31, 2025, T1 had cash, cash equivalents, and restricted cash of $51.1 million.

    Presentation of First Quarter 2025 Results

    A presentation will be held today, May, 15, 2025, at 8:00 am Eastern Daylight Time to discuss financial and operating results for the first quarter. The results and presentation material will be available for download at https://ir.t1energy.com/.

    To access the conference call, listeners should proceed as follows:

    1. Click on the call link and complete the online registration form.
    2. Upon registering, you will receive dial-in information and a unique PIN to join the call as well as an email confirmation with details.
    3. Select a method for joining the call:
      1. Dial in: A dial in number and unique PIN are displayed to connect directly by phone.
      2. Call Me: Enter your phone number and a click “Call Me” for an immediate callback from the system. The call will come from a U.S. number.

        3. The call will also be available by clicking the webcast link.

        About T1 Energy

        T1 Energy Inc. (NYSE: TE) is an energy solutions provider building an integrated U.S. supply chain for solar and batteries. In December 2024, T1 completed a transformative transaction, positioning the Company as one of the leading solar manufacturing companies in the United States, with a complementary solar and battery storage strategy. Based in the United States with plans to expand its operations in America, the Company is also exploring value optimization opportunities across its portfolio of assets in Europe.

        To learn more about T1, please visit www.T1energy.com and follow us on social media.

        Investor contact:

        Jeffrey Spittel
        EVP, Investor Relations and Corporate Development
        jeffrey.spittel@T1energy.com
        Tel: +1 409 599-5706

        Media contact:

        Russell Gold
        EVP, Strategic Communications
        russell.gold@T1energy.com
        Tel: +1 214 616-9715

        Cautionary Statement Concerning Forward-Looking Statements:

        This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation with respect to: the Company’s commercial appeal to U.S. developer customers; the Company’s financial, production and operational guidance; the existence of trade policy uncertainties and lack of cost visibility; the Company’s inventory build resulting from production at G1; the Company’s projected cash and liquidity position; the ability of the Company to ramp sales and production volumes at G1; the speed and success of the Company’s corporate transformation; the Company’s ability to manage the current sales environment; the Company’s plans to establish a vertically integrated U.S. solar value chain, coupled with its domestic content strategy; interest from the Company’s customers, prospective capital providers and industrial partners; the prioritization of value generating opportunities that enhance the Company’s competitive position as an emerging leader in the U.S. solar and storage markets; the potential for an investment in the Company’s planned G2 Austin U.S. solar cell manufacturing facility by a partner aligned with the Kingdom of Saudi Arabia; the Company’s potential long-term benefits of tariffs and other public policies that promote U.S. manufacturing, technology transfer, and job creation; the elective conversion of three production lines from PERC to TOPCon technology; the anticipated start of Section 45X Production Tax Credit (“PTC”) monetizations in Q2 or Q3 2025; the expected roll off of $20 million of legacy annual General & Administrative expenses by 2026 associated with the wind down of T1’s legacy European business; and the Company’s goals and projections for securing project financing at G2; These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual future events, results, or achievements to be materially different from the Company’s expectations and projections expressed or implied by the forward-looking statements. Important factors include, but are not limited to, those discussed under the caption “Risk Factors” in (i) T1’s annual report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2025, as amended and supplemented by Amendment No. 1 on Form 10-K/A filed with the SEC on April 30, 2025, (ii) T1’s post-effective amendment no. 1 to the Registration Statement on Form S-3 filed with the SEC on January 4, 2024, and (iii) T1’s Registration Statement on Form S-4 filed with the SEC on September 8, 2023 and subsequent amendments thereto filed on October 13, 2023, October 19, 2023 and October 31, 2023. All of the above referenced filings are available on the SEC’s website at www.sec.gov. Forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company assumes no obligation to update such forward-looking statements, all of which are expressly qualified by the statements in this section, whether as a result of new information, future events or otherwise, except as required by law.

        T1 intends to use its website as a channel of distribution to disclose information which may be of interest or material to investors and to communicate with investors and the public. Such disclosures will be included on T1’s website in the ‘Investor Relations’ section. T1, and its CEO and Chairman of the Board, Daniel Barcelo, also intend to use certain social media channels, including, but not limited to, X, LinkedIn and Instagram, as means of communicating with the public and investors about T1, its progress, products, and other matters. While not all the information that T1 or Daniel Barcelo post to their respective digital platforms may be deemed to be of a material nature, some information may be. As a result, T1 encourages investors and others interested to review the information that it and Daniel Barcelo posts and to monitor such portions of T1’s website and social media channels on a regular basis, in addition to following T1’s press releases, SEC filings, and public conference calls and webcasts. The contents of T1’s website and its and Daniel Barcelo’s social media channels shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

            March 31, 2025   December 31, 2024
        ASSETS
        Current assets:        
        Cash and cash equivalents   $ 48,881     $ 72,641  
        Restricted cash     2,210       4,004  
        Accounts receivable trade, net – related parties     18,005       —  
        Government grants receivable, net     14,080       687  
        Inventory     333,032       274,549  
        Advances to suppliers     164,248       164,811  
        Other current assets     7,908       1,569  
        Current assets of discontinued operations     38,312       64,909  
        Total current assets     626,676       583,170  
        Property and equipment, net     310,246       285,187  
        Goodwill     74,527       74,527  
        Intangible assets, net     270,686       281,881  
        Right-of-use asset under operating leases     149,570       111,081  
        Total assets   $ 1,431,705     $ 1,335,846  
        LIABILITIES, REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY
        Current liabilities:        
        Accounts payable   $ 108,532     $ 61,708  
        Accrued liabilities and other     76,845       91,346  
        Deferred revenue     61,525       48,155  
        Derivative liabilities     1,556       14,905  
        Current portion of long-term debt     56,492       42,867  
        Current portion of long-term debt – related party     59,000       51,500  
        Payables to related parties     88,947       52,534  
        Current liabilities of discontinued operations     40,204       51,009  
        Total current liabilities     493,101       414,024  
        Long-term deferred revenue     30,000       32,000  
        Convertible note – related party     82,083       80,698  
        Operating lease liability     139,921       101,787  
        Long-term debt     170,753       188,316  
        Long-term debt – related party     234,829       238,896  
        Deferred tax liability     20,232       21,227  
        Other long-term liabilities     9,581       21,761  
        Total liabilities     1,180,500       1,098,709  
        Commitments and contingencies        
        Redeemable preferred stock        
        Convertible series A preferred stock, $0.01 par value, 5,000 issued and outstanding as of both March 31, 2025 and December 31, 2024 (includes accrued dividends and accretion of $978 and $87 as of March 31, 2025 and December 31, 2024, respectively)     49,266       48,375  
        Stockholders’ equity:        
        Common stock, $0.01 par value, 155,938 issued and outstanding as of March 31, 2025 and 155,928 issued and outstanding as of December 31, 2024     1,559       1,559  
        Additional paid-in capital     974,767       971,416  
        Accumulated other comprehensive loss     (32,910 )     (58,975 )
        Accumulated deficit     (741,477 )     (725,238 )
        Total equity     201,939       188,762  
        Total liabilities, redeemable preferred stock, and equity   $ 1,431,705     $ 1,335,846  
         
         
            Three months ended March 31,
              2025       2024  
        Net sales – related parties   $ 64,647     $ —  
        Cost of sales     35,671       —  
        Gross profit     28,976       —  
        Selling, general and administrative     52,587       15,004  
        Loss from continuing operations     (23,611 )     (15,004 )
        Other income (expense):        
        Warrant liability fair value adjustment     1,567       146  
        Derivative liabilities fair value adjustment     25,229       —  
        Interest (expense) income, net     (9,853 )     1,405  
        Foreign currency transaction (loss) gain     (14 )     554  
        Other income, net     34       1,594  
        Total other income     16,963       3,699  
        Loss from continuing operations before income taxes     (6,648 )     (11,305 )
        Income tax benefit     2,513       —  
        Net loss from continuing operations     (4,135 )     (11,305 )
        Net loss from discontinued operations, net of tax     (12,104 )     (17,385 )
        Net loss     (16,239 )     (28,690 )
        Net loss attributable to non-controlling interests     —       147  
        Preferred dividends and accretion     (891 )     —  
        Net loss attributable to common stockholders   $ (17,130 )   $ (28,543 )
                 
        Weighted average shares of common stock outstanding – basic and diluted     155,933       139,705  
        Net loss per share from continuing operations – basic and diluted   $ (0.03 )   $ (0.08 )
        Net loss per share from discontinued operations – basic and diluted   $ (0.08 )   $ (0.12 )
        Net loss per share attributable to common stockholders – basic and diluted   $ (0.11 )   $ (0.20 )
                 
        Other comprehensive income (loss):        
        Net loss   $ (16,239 )   $ (28,690 )
        Foreign currency translation adjustments     26,065       (26,044 )
        Total comprehensive income (loss)     9,826       (54,734 )
        Comprehensive loss attributable to non-controlling interests     —       147  
        Preferred dividends and accretion     (891 )     —  
        Comprehensive income (loss) attributable to common stockholders   $ 8,935     $ (54,587 )
         
         
            Three months ended March 31,
              2025       2024  
        Cash flows from operating activities:        
        Net loss   $ (16,239 )   $ (28,690 )
        Adjustments to reconcile net loss to cash used in operating activities:        
        Share-based compensation expense     3,939       3,551  
        Depreciation and amortization     14,678       2,211  
        Change in fair value of derivative liabilities     (25,229 )     —  
        Gain on sale of property and equipment     (5,675 )     —  
        Accretion of discount on long-term debt     4,640       —  
        Reduction in the carrying amount of right-of-use assets     1,689       277  
        Warrant liability fair value adjustment     (1,567 )     (146 )
        Deferred income taxes     (995 )     —  
        Share of net loss of equity method investee     425       156  
        Foreign currency transaction net unrealized gain     251       (1,359 )
        Other     1,311       —  
        Changes in assets and liabilities:        
        Inventory     (58,483 )     —  
        Advances to suppliers and other current assets     (358 )     2,852  
        Trade accounts receivable     (18,005 )     —  
        Government grants receivable     (13,393 )     —  
        Accounts payable, accrued liabilities and other     56,827       4,930  
        Deferred revenue     11,370       —  
        Net cash used in operating activities     (44,814 )     (16,218 )
        Cash flows from investing activities:        
        Proceeds from the return of property and equipment deposits     1,202       19,021  
        Purchases of property and equipment     (29,141 )     (21,455 )
        Proceeds from the sale of property and equipment     50,000       —  
        Net cash provided by (used in) investing activities     22,061       (2,434 )
        Cash flows from financing activities:        
        Debt fees paid     (3,760 )     —  
        Net cash used in financing activities     (3,760 )     —  
        Effect of changes in foreign exchange rates on cash, cash equivalents, and restricted cash     959       (4,324 )
        Net decrease in cash, cash equivalents, and restricted cash     (25,554 )     (22,976 )
        Cash, cash equivalents, and restricted cash at beginning of period     76,645       275,742  
        Cash, cash equivalents, and restricted cash at end of period   $ 51,091     $ 252,766  
         

        A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/41e3f5da-8114-4e43-9b08-944982bb0e1d

      The MIL Network –

  • MIL-OSI: Xunlei Announces Unaudited Financial Results for the First Quarter Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, May 15, 2025 (GLOBE NEWSWIRE) — Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. 

    First Quarter 2025 Financial Highlights:

    • Total revenues were US$88.8 million, representing an increase of 10.5% year-over-year.
    • Subscription revenues were US$35.7 million, representing an increase of 7.7% year-over-year. 
    • Live-streaming and other services revenues were US$28.4 million, representing an increase of 66.0% year-over-year. 
    • Cloud computing revenues were US$24.7 million, representing a decrease of 18.0% year-over-year. 
    • Gross profit was US$44.1 million, representing an increase of 2.9% year-over-year, and gross profit margin was 49.7% in the first quarter, compared with 53.3% in the same period of 2024. 
    • Net loss was US$0.9 million in the first quarter, compared with net income of US$3.6 million in the same period of 2024. 
    • Non-GAAP net income1 was US$0.1 million in the first quarter, compared with non-GAAP net income of US$4.5 million in the same period of 2024. 
    • Diluted loss per ADS was US$0.01 in the first quarter, compared with diluted earnings per ADS of US$0.06 in the same period of 2024. 
    • Non-GAAP diluted earnings per ADS2 were US$0.004 in the first quarter, compared with non-GAAP diluted earnings per ADS of US$0.07 in the same period of 2024.

    “Our quarterly revenue was in line with our expectations, and we achieved consistent top-line growth of 10.5% year-over-year in total revenues to US$88.8 million in the first quarter of 2025,” commented Mr. Jinbo Li, Chairman and Chief Executive Officer of Xunlei. “Notably, our subscription revenue increased by 7.7% year-over-year, primarily due to intensified efforts in diversifying marketing channels for user acquisition. Additionally, the 79.2% year-over-year growth in revenue from our live-streaming business reflected a recovery and an expansion of our market presence overseas. I believe the result underscores our strategic efforts to adapt to international markets, leveraging localized operation and innovative technologies to meet diverse user preferences.” 

    “This year will be pivotal for Xunlei, marked by the strategic acquisition of Hupu and proactive exploration of corporate development initiatives aimed at diversifying revenue streams to achieve sustainable growth in both top-line and bottom-line. Supported by our strong capital structure and ample financial liquidity, we remain committed to delivering value to users while harnessing our outstanding technological capabilities and operational expertise to capitalize on AI-driven applications and other new opportunities, and to create long-term value for shareholders,” Mr. Li concluded.

    First Quarter 2025 Financial Results

    Total Revenues

    Total revenues were US$88.8 million, representing an increase of 10.5% year-over-year. The increase in total revenues was mainly attributable to the increased revenues generated from our subscription business and overseas audio live-streaming business.

    Revenues from subscription were US$35.7 million, representing an increase of 7.7% year-over-year. The increase in subscription revenues was mainly driven by the increase in the number of subscribers. The number of subscribers was 6.04 million as of March 31, 2025, compared with 5.76 million as of March 31, 2024. The average revenue per subscriber for the first quarter was RMB40.9, compared with RMB39.5 in the same period of 2024. The higher average revenue per subscriber was due to the increased proportion of premium subscribers which have higher average revenue per subscriber.

    Revenues from live-streaming and other services were US$28.4 million, representing an increase of 66.0% year-over-year. The increase in live-streaming and other services revenues was mainly due to the increase in revenues from our overseas audio live-streaming businesses.

    Revenues from cloud computing were US$24.7 million, representing a decrease of 18.0% year-over-year. The decrease in cloud computing revenues was mainly due to the reduced sales of our cloud computing services and hardware devices as a result of heightened competition, pricing pressure and evolving regulatory environment.

    Costs of Revenues

    Costs of revenues were US$44.4 million, representing 50.0% of our total revenues, compared with US$37.1 million, or 46.2% of the total revenues, in the same period of 2024. The increase in costs of revenues was mainly attributable to the increase in revenue-sharing expenses in our overseas audio live-streaming operations, generally in line with the growth in live-streaming and other service revenues.

    Bandwidth costs, as included in costs of revenues, were US$26.6 million, representing 30.0% of our total revenues, compared with US$27.1 million, or 33.8% of the total revenues, in the same period of 2024. The decrease in bandwidth costs was primarily due to the reduced sales of our cloud computing services during the quarter, partially offset by the increased usage of Xunlei Cloud as a result of the increased subscribers.

    The remaining costs of revenues mainly consisted of costs related to the revenue-sharing costs for our live streaming business and payment handling charges.

    Gross Profit and Gross Profit Margin

    Gross profit for the first quarter of 2025 was US$44.1 million, representing an increase of 2.9% year-over-year. Gross profit margin was 49.7% in the first quarter of 2025, compared with 53.3% in the same period of 2024. The increase in gross profit was mainly driven by the increase in gross profit generated from our overseas audio live-streaming business and subscription business. The decrease in gross profit margin was mainly attributable to the decreased gross profit margin of cloud computing business.

    Research and Development Expenses

    Research and development expenses for the first quarter of 2025 were US$18.7 million, representing 21.1% of our total revenues, compared with US$17.6 million, or 22.0% of our total revenues, in the same period of 2024. The increase was primarily due to the increased labor costs incurred during the quarter.

    Sales and Marketing Expenses

    Sales and marketing expenses for the first quarter of 2025 were US$15.5 million, representing 17.5% of our total revenues, compared with US$10.1 million, or 12.5% of our total revenues, in the same period of 2024. The increase was primarily due to more marketing expenses incurred during the quarter for our subscription and overseas audio live-streaming businesses as part of our ongoing efforts on user acquisition.

    General and Administrative Expenses

    General and administrative expenses for the first quarter of 2025 were US$11.8 million, representing 13.3% of our total revenues, compared with US$11.1 million, or 13.9% of our total revenues, in the same period of 2024.

    Operating (Loss)/Income

    Operating loss was US$1.9 million, compared with an operating income of US$4.0 million in the same period of 2024. The decrease in operating income was primarily attributable to the decrease in gross profit margin and the increase in sales and marketing expenses during the quarter, compared with the same period of 2024.

    Other Income, Net

    Other income, net was US$1.2 million, compared with other income, net of US$0.3 million in the same period of 2024. The increase was primarily due to impairment on one of our long-term investments that occurred during the first quarter of 2024.

    Net (Loss)/Income and (Loss)/Earnings Per ADS

    Net loss was US$0.9 million compared with net income of US$3.6 million in the same period of 2024. The net loss was primarily due to the increase in operating loss, partially offset by the increased other income as discussed above. Non-GAAP net income was US$0.1 million in the first quarter of 2025, compared with US$4.5 million in the same period of 2024.

    Diluted loss per ADS in the first quarter of 2025 was US$0.01, compared with diluted earnings per ADS of US$0.06 in the first quarter of 2024. Non-GAAP diluted earnings per ADS was US$0.004 in the first quarter, compared with non-GAAP diluted earnings per ADS of US$0.07 in the same period of 2024.

    Cash Balance

    As of March 31, 2025, the Company had cash, cash equivalents and short-term investments of US$274.6 million, compared with US$287.5 million as of December 31, 2024. The decrease in cash, cash equivalents and short-term investments was mainly due to the first tranche of payment for the acquisition of Hupu, spending on share repurchase and repayment of bank loans during the quarter, partially offset by the net cash inflow from operating activities.

    Share Repurchase Program

    On June 4, 2024, Xunlei announced that its Board of Directors had authorized a new plan for the repurchase of up to US$20 million of its ADSs or shares over the 12 months that followed. As of March 31, 2025, the Company had spent US$6.5 million on share buybacks under the new share repurchase program, among which US$0.9 million was spent in the first quarter of 2025.

    Guidance for the Second Quarter of 2025

    For the second quarter of 2025, Xunlei estimates total revenues to be between US$91 million and US$96 million, and the midpoint of the range represents a quarter-over-quarter increase of approximately 5.3%. This estimate represents management’s preliminary view as of the date of this press release, which is subject to change and any change could be material.

    Conference Call Information.

    Xunlei’s management will host a conference call at 8:00 a.m. U.S. Eastern Time on May 15, 2025 (8:00 p.m. Beijing/Hong Kong Time), to discuss the Company’s quarterly results and recent business developments.

    Participant Online Registration: https://register-conf.media-server.com/register/BIe31316b11951413ca6026dd0a7227b38

    Please register to join the conference using the link provided above and dial in 10 minutes before the call is scheduled to begin. Once registered, the participants will receive an email with personal PIN and dial-in information, and participants can choose to access either via Dial-In or Call Me. A kindly reminder that “Call Me” does not work for China number.

    The Company will also broadcast a live audio webcast of the conference call. The webcast will be available at http://ir.xunlei.com. Following the earnings conference call, an archive of the call will be available at https://edge.media-server.com/mmc/p/vrett8r2

    About Xunlei

    Founded in 2003, Xunlei Limited (Nasdaq: XNET) is a leading technology company providing distributed cloud services in China. Xunlei provides a wide range of products and services across cloud acceleration, shared cloud computing and digital entertainment to deliver an efficient, smart and safe internet experience.

    Safe Harbor Statement

    This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “future,” “intends,” “plans,” “estimates” and similar statements. Among other things, the management’s quotations and the “Guidance” section in this press release, as well as the Company’s strategic, operational and acquisition plans, contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Forward-looking statements involve inherent risks and uncertainties, including but not limited to: the Company’s ability to continue to innovate and provide attractive products and services to retain and grow its user base; the Company’s ability to keep up with technological developments and users’ changing demands in the internet industry; the Company’s ability to convert its users into subscribers of its premium services; the Company’s ability to deal with existing and potential copyright infringement claims and other related claims; the Company’s ability to react to the governmental actions for its scrutiny of internet content in China and the Company’s ability to compete effectively. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

    About Non-GAAP Financial Measures

    To supplement Xunlei’s consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles (“GAAP”), Xunlei uses the following measures defined as non-GAAP financial measures by the United States Securities and Exchange Commission: (1) non-GAAP operating (loss)/income, (2) non-GAAP net income, (3) non-GAAP basic and diluted earnings per share for common shares, and (4) non-GAAP basic and diluted earnings per ADS. The presentation of the non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.

    Xunlei believes that these non-GAAP financial measures provide meaningful supplemental information to investors regarding the Company’s operating performance by excluding share-based compensation expenses and impairment loss of goodwill, which are not expected to result in future cash payments. These non-GAAP financial measures also facilitate management’s internal comparisons to Xunlei’s historical performance and assist the Company’s financial and operational decision making. A limitation of using these non-GAAP financial measures is that these non-GAAP measures exclude certain items that have been and will continue to be for the foreseeable future a recurring expense in Xunlei’s results of operations. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying reconciliation tables at the end of this release include details on the reconciliations between GAAP financial measures that are most directly comparable to the non-GAAP financial measures the Company has presented.

     
    XUNLEI LIMITED
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
    (Amounts expressed in thousands of USD, except for share, per share (or ADS) data)
     
      March 31, Dec 31,
      2025 2024
      US$ US$
    Assets    
         
    Current assets:    
    Cash and cash equivalents 163,136   177,329  
    Short-term investments 111,436   110,209  
    Accounts receivable, net 40,034   32,662  
    Inventories 1,024   1,255  
    Due from related parties 30,482   31,519  
    Prepayments and other current assets 15,464   10,058  
    Total current assets 361,576   363,032  
         
    Non-current assets:    
    Restricted cash 218   218  
    Long-term investments 31,049   30,599  
    Deferred tax assets 10,720   10,528  
    Property and equipment, net 54,631   55,430  
    Intangible assets, net 8,416   8,310  
    Long-term prepayments and other assets 18,718   5,334  
    Operating lease assets 532   450  
    Total assets 485,860   473,901  
         
    Liabilities    
    Current liabilities:    
    Accounts payable 24,900   22,964  
    Due to related parties, current 17   17  
    Contract liabilities, current portion 41,253   39,936  
    Lease liabilities 331   253  
    Income tax payable 10,466   9,386  
    Accrued liabilities and other payables 61,242   52,093  
    Short-term bank borrowings and current portion of long-term bank borrowings 697   2,087  
    Total current liabilities 138,906   126,736  
         
    Non-current liabilities:    
    Contract liabilities, non-current portion 588   458  
    Lease liabilities, non-current portion 174   161  
    Deferred tax liabilities 1,090   1,154  
    Bank borrowings, non-current portion 27,166   27,127  
    Other long-term payables 711   480  
    Total liabilities 168,635   156,116  
         
    Equity    
    Common shares (US$0.00025 par value, 1,000,000,000 shares authorized, 375,001,940 shares issued and 307,351,196 shares outstanding as at December 31, 2024; 375,001,940 issued and 311,860,331 shares outstanding as at March 31, 2025) 78   77  
    Treasury shares (67,650,744 shares and 63,141,609 shares as at December 31, 2024 and March 31, 2025, respectively) 16   16  
    Additional paid-in-capital 477,350   477,244  
    Statutory reserves 8,718   8,718  
    Accumulated other comprehensive loss (21,412 ) (21,694 )
    Accumulated deficits (147,105 ) (146,305 )
    Total Xunlei Limited’s shareholders’ equity 317,645   318,056  
    Non-controlling interests (420 ) (271 )
    Total liabilities and shareholders’ equity 485,860   473,901  
    XUNLEI LIMITED
    Unaudited Condensed Consolidated Statements of (Loss)/Income
    (Amounts expressed in thousands of USD, except for share, per share (or ADS) data)
      Three months ended
       
      Mar 31, Dec 31, Mar 31,
      2025  2024  2024 
      US$ US$ US$
    Revenues, net of rebates and discounts 88,764   84,302   80,359  
    Business taxes and surcharges (310 ) (313 ) (379 )
    Net revenues 88,454   83,989   79,980  
    Costs of revenues (44,350 ) (40,416 ) (37,139 )
    Gross profit 44,104   43,573   42,841  
           
    Operating expenses      
    Research and development expenses (18,743 ) (18,716 ) (17,642 )
    Sales and marketing expenses (15,522 ) (12,461 ) (10,061 )
    General and administrative expenses (11,791 ) (12,102 ) (11,132 )
    Credit loss write-back/(expenses), net 65   (75 ) 26  
    Impairment of goodwill –   (20,748 ) –  
    Total operating expenses (45,991 ) (64,102 ) (38,809 )
           
    Operating (loss)/income (1,887 ) (20,529 ) 4,032  
    Interest income 1,072   1,173   1,221  
    Interest expense (220 ) (139 ) (242 )
    Other income, net 1,234   1,541   290  
    Income/(loss) before income taxes 199   (17,954 ) 5,301  
    Income tax (expense)/benefit (1,145 ) 8,083   (1,663 )
    Net (loss)/income (946 ) (9,871 ) 3,638  
           
    Less: net loss attributable to non-controlling interest (146 ) (97 ) (1 )
    Net (loss)/income attributable to common shareholders (800 ) (9,774 ) 3,639  
           
    (Loss)/earnings per share for common shares      
    Basic (0.0026 ) (0.0312 ) 0.0113  
    Diluted (0.0026 ) (0.0312 ) 0.0112  
           
    (Loss)/earnings per ADS      
    Basic (0.0130 ) (0.1560 ) 0.0565  
    Diluted (0.0130 ) (0.1560 ) 0.0560  
           
    Weighted average number of common shares used in calculating:      
    Basic 306,082,940   313,664,089   323,341,607  
    Diluted 306,082,940   313,664,089   323,491,768  
           
    Weighted average number of ADSs used in calculating:      
    Basic 61,216,588   62,732,818   64,668,321  
    Diluted 61,216,588   62,732,818   64,698,354  
           
           
           
    XUNLEI LIMITED
    Reconciliation of GAAP and Non-GAAP Results
    (Amounts expressed in thousands of USD, except for share, per share (or ADS) data)
      Three months ended
       
      Mar 31, Dec 31, Mar 31,
      2025  2024  2024 
      US$ US$ US$
           
    GAAP operating (loss)/income (1,887 ) (20,529 ) 4,032  
    Share-based compensation expenses 1,058   390   901  
    Impairment of goodwill –   20,748   –  
    Non-GAAP operating (loss)/income (829 ) 609   4,933  
           
    GAAP net (loss)/income (946 ) (9,871 ) 3,638  
    Share-based compensation expenses 1,058   390   901  
    Impairment of goodwill –   20,748   –  
    Non-GAAP net income 112   11,267   4,539  
           
    GAAP (loss)/earnings per share for common shares:      
    Basic (0.0026 ) (0.0312 ) 0.0113  
    Diluted (0.0026 ) (0.0312 ) 0.0112  
           
    GAAP (loss)/earnings per ADS:      
    Basic (0.0130 ) (0.1560 ) 0.0565  
    Diluted (0.0130 ) (0.1560 ) 0.0560  
           
    Non-GAAP earnings per share for common shares:      
    Basic 0.0008   0.0362   0.0140  
    Diluted 0.0008   0.0362   0.0140  
           
    Non-GAAP earnings per ADS:      
    Basic 0.0040   0.1810   0.0700  
    Diluted 0.0040   0.1810   0.0700  
           
    Weighted average number of common shares used in calculating:      
    Basic 306,082,940   313,664,089   323,341,607  
    Diluted 306,082,940   313,664,089   323,491,768  
           
    Weighted average number of ADSs used in calculating:      
    Basic 61,216,588   62,732,818   64,668,321  
    Diluted 61,216,588   62,732,818   64,698,354  


    CONTACT:
    Investor Relations
    Xunlei Limited
    Email: ir@xunlei.com
    Tel: +86 755 6111 1571
    Website: http://ir.xunlei.com

    __________________________
    1 Non-GAAP net income is a non-GAAP financial measure. For more information, please see the section of “About Non-GAAP Financial Measures” and the table captioned “Reconciliation of GAAP and Non-GAAP Results” contained in this press release.
    2 Non-GAAP earnings per ADS is a non-GAAP financial measure. For more information, please see the section of “About Non-GAAP Financial Measures” and the table captioned “Reconciliation of GAAP and Non-GAAP Results” contained in this press release.

    The MIL Network –

  • MIL-OSI: KE Holdings Inc. Announces First Quarter 2025 Unaudited Financial Results

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, May 15, 2025 (GLOBE NEWSWIRE) — KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE; HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced its unaudited financial results for the first quarter ended March 31, 2025.

    Business and Financial Highlights for the First Quarter 2025

    • Gross transaction value (GTV)1 was RMB843.7 billion (US$116.3 billion), an increase of 34.0% year-over-year. GTV of existing home transactions was RMB580.3 billion (US$80.0 billion), an increase of 28.1% year-over-year. GTV of new home transactions was RMB232.2 billion (US$32.0 billion), an increase of 53.0% year-over-year.
    • Net revenues were RMB23.3 billion (US$3.2 billion), an increase of 42.4% year-over-year.
    • Net income was RMB855 million (US$118 million), an increase of 97.9% year-over-year. Adjusted net income2 was RMB1,393 million (US$192 million), relatively flat year-over-year.
    • Number of stores was 56,849 as of March 31, 2025, a 28.6% increase from one year ago. Number of active stores3 was 55,210 as of March 31, 2025, a 29.6% increase from one year ago.
    • Number of agents was 550,290 as of March 31, 2025, a 24.3% increase from one year ago. Number of active agents4 was 490,862 as of March 31, 2025, a 23.0% increase from one year ago.
    • Mobile monthly active users (MAU)5 averaged 44.5 million in the first quarter of 2025, compared to 47.7 million in the same period of 2024.

    Mr. Stanley Yongdong Peng, Chairman of the Board and Chief Executive Officer of Beike, commented, “Building on the stable market performance and the continued effectiveness of our growth strategy, our business maintained strong growth in the first quarter, with our total transaction value increasing by 34.0% year-over-year and net revenues rising by 42.4%. Our housing transaction services continue to significantly outperform the market. Our platform continually empowers more industry partners, with the numbers of active stores and agents increasing notably by 29.6% and 23.0% year-over-year, respectively, and with improvements in both agent and store efficiency. Our home renovation and furnishing services saw steady revenue growth, achieving a record high in contribution margin, with initial progress in improving customer experience and operational efficiency. The home rental services managed over 500,000 units by the end of the first quarter, with ongoing improvements in operational capabilities. We are also advancing our AI applications, deploying multiple intelligent tools on both the C-end and B-end, enhancing customer experience and boosting service efficiency.”

    “Looking ahead, we are confident in the long-term development of our Company under the ‘One Body, Three Wings’ strategy and will continue to invest firmly in AI applications. At the same time, we will be more prudent in other types of investments this year, focusing on the return on investment to strengthen the foundation for safe operations and ensure that shareholders who support the Company’s long-term vision can benefit from our sustainable development,” concluded Mr. Peng.

    Mr. Tao Xu, Executive Director and Chief Financial Officer of Beike, added, “In the first quarter, the market performance was very stable, continuing the positive impact resulting from the policies implemented in September last year. National new home sales remained relatively flat year-over-year in the first quarter, better than the substantial year-over-year decline in the same period last year, and the existing home market remained at a high level in activity.

    For performance in the first quarter, our net revenues reached RMB23.3 billion, up 42.4% year-over-year. Net revenues from existing home transaction services reached RMB6.9 billion in Q1, up 20.0% year-over-year. Net revenues from new home transaction services reached RMB8.1 billion in Q1, up 64.2% year-over-year. Net revenues from non-housing transaction services grew by 46.2% year-over-year, accounted for 35.9% of total net revenues. Among these, net revenues from home rental services reached a record high of RMB5.1 billion, up 93.8% year-over-year. Our operational efficiency further improved. The operating expenses in the first quarter were RMB4.2 billion, down 31.3% quarter-over-quarter. The profitability also improved. The net income in the first quarter reached RMB855 million, up 97.9% year-on-year. The adjusted net income reached RMB1,393 million.

    With robust cash reserves, we continued to reward our shareholders who have grown with us. In the first quarter, we allocated approximately US$139 million to share repurchases, and the repurchased shares accounted for approximately 0.6% of the Company’s total issued shares at the end of 2024.

    We will continue to support long-term business development by fully backing our ‘One Body, Three Wings’ strategic initiatives and actively exploring the AI technology.”

    First Quarter 2025 Financial Results

    Net Revenues

    Net revenues increased by 42.4% to RMB23.3 billion (US$3.2 billion) in the first quarter of 2025 from RMB16.4 billion in the same period of 2024, primarily attributable to the increase of total GTV and the expansion of home rental business. Total GTV increased by 34.0% to RMB843.7 billion (US$116.3 billion) in the first quarter of 2025 from RMB629.9 billion in the same period of 2024, primarily attributable to the sustained growth of existing home transaction market and the Company’s enhanced capabilities in market coverage.

    • Net revenues from existing home transaction services were RMB6.9 billion (US$0.9 billion) in the first quarter of 2025, increased by 20.0% from RMB5.7 billion in the same period of 2024. GTV of existing home transactions increased by 28.1% to RMB580.3 billion (US$80.0 billion) in the first quarter of 2025 from RMB453.2 billion in the same period of 2024. The higher growth rate in GTV compared to net revenues in existing home transaction services was primarily attributable to a) a higher contribution from GTV of existing home transaction services served by connected agents on the Company’s platform, for which revenue is recorded on a net basis from platform service, franchise service and other value-added services, while for GTV served by Lianjia brand, the revenue is recorded on a gross commission revenue basis, and b) a lower proportion of GTV from existing home rental transaction services as of total existing home transaction services, which has a higher commission rate than existing home sales transaction services.

      Among that, (i) commission revenue was RMB5.6 billion (US$0.8 billion) in the first quarter of 2025, increased by 20.5% from RMB4.6 billion in the same period of 2024, primarily attributable to the increase of GTV of existing home transactions served by Lianjia stores of 23.6% to RMB221.4 billion (US$30.5 billion) in the first quarter of 2025 from RMB179.2 billion in the same period of 2024; and

      (ii) revenues derived from platform service, franchise service and other value-added services, which are mostly charged to connected stores and agents on the Company’s platform increased by 17.6% to RMB1.3 billion (US$0.2 billion) in the first quarter of 2025 from RMB1.1 billion in the same period of 2024, mainly due to an increase of GTV of existing home transactions served by connected agents on the Company’s platform of 31.0% to RMB358.9 billion (US$49.5 billion) in the first quarter of 2025 from RMB274.0 billion in the same period of 2024, partially offset by incentive-based reductions in platform service and franchise service fees for connected stores.

    • Net revenues from new home transaction services increased by 64.2% to RMB8.1 billion (US$1.1 billion) in the first quarter of 2025 from RMB4.9 billion in the same period of 2024, primarily due to the increase of GTV of new home transactions of 53.0% to RMB232.2 billion (US$32.0 billion) in the first quarter of 2025 from RMB151.8 billion in the same period of 2024. Among that, the GTV of new home transactions facilitated on Beike platform through connected agents, dedicated sales team with the expertise on new home transaction services and other sales channels increased by 58.3% to RMB192.0 billion (US$26.5 billion) in the first quarter of 2025 from RMB121.3 billion in the same period of 2024, and the GTV of new home transactions served by Lianjia brand increased by 32.1% to RMB40.3 billion (US$5.5 billion) in the first quarter of 2025 from RMB30.5 billion in the same period of 2024.
    • Net revenues from home renovation and furnishing increased by 22.3% to RMB2.9 billion (US$0.4 billion) in the first quarter of 2025 from RMB2.4 billion in the same period of 2024, primarily attributable to the increase in home renovation orders referred by home transaction services.
    • Net revenues from home rental services increased by 93.8% to RMB5.1 billion (US$0.7 billion) in the first quarter of 2025 from RMB2.6 billion in the same period of 2024, primarily attributable to the increase of the number of rental units under the Carefree Rent model.
    • Net revenues from emerging and other services were RMB350 million (US$48 million) in the first quarter of 2025, compared to RMB700 million in the same period of 2024.

    Cost of Revenues

    Total cost of revenues increased by 51.0% to RMB18.5 billion (US$2.6 billion) in the first quarter of 2025 from RMB12.3 billion in the same period of 2024.

    • Commission – split. The Company’s cost of revenues for commissions to connected agents and other sales channels increased by 66.6% to RMB5.7 billion (US$0.8 billion) in the first quarter of 2025, from RMB3.4 billion in the same period of 2024, primarily due to the increase in net revenues from new home transaction services derived from transactions facilitated through connected agents and other sales channels.
    • Commission and compensation – internal. The Company’s cost of revenues for internal commission and compensation increased by 33.1% to RMB4.8 billion (US$0.7 billion) in the first quarter of 2025 from RMB3.6 billion in the same period of 2024, primarily due to an increase in the net revenues from existing and new home transactions derived from transactions facilitated through Lianjia agents and the increase in fixed compensation costs mainly driven by the increased number of Lianjia agents and improved benefits for them.
    • Cost of home renovation and furnishing. The Company’s cost of revenues for home renovation and furnishing increased by 18.8% to RMB2.0 billion (US$0.3 billion) in the first quarter of 2025 from RMB1.7 billion in the same period of 2024, which was in line with the growth of net revenues from home renovation and furnishing.
    • Cost of home rental services. The Company’s cost of revenues for home rental services increased by 91.3% to RMB4.7 billion (US$0.7 billion) in the first quarter of 2025 from RMB2.5 billion in the same period of 2024, primarily attributable to the growth of net revenues from home rental services.
    • Cost related to stores. The Company’s cost related to stores increased by 4.6% to RMB717 million (US$99 million) in the first quarter of 2025 from RMB685 million in the same period of 2024, primarily attributable to the increased number of Lianjia stores.
    • Other costs. The Company’s other costs increased to RMB0.5 billion (US$0.1 billion) in the first quarter of 2025 from RMB0.4 billion in the same period of 2024, mainly due to the increased tax and surcharges in line with the increased net revenues and an increase in provision and funding costs of financial services.

    Gross Profit

    Gross profit increased by 17.0% to RMB4.8 billion (US$0.7 billion) in the first quarter of 2025 from RMB4.1 billion in the same period of 2024. Gross margin decreased to 20.7% in the first quarter of 2025 from 25.2% in the same period of 2024, primarily due to a) a lower proportion of net revenues from existing home transaction services with a relatively higher contribution margin than other revenues streams, and b) a lower contribution margin of existing home transaction services led by the increased fix compensation costs as percentage of net revenues from existing home transaction services.

    Income from Operations

    Total operating expenses were RMB4.2 billion (US$0.6 billion) in the first quarter of 2025, compared to RMB4.1 billion in the same period of 2024.

    • General and administrative expenses were RMB1.9 billion (US$0.3 billion) in the first quarter of 2025, compared with RMB2.0 billion in the same period of 2024, mainly due to the decrease in share-based compensation expenses.
    • Sales and marketing expenses increased by 9.2% to RMB1.8 billion (US$0.2 billion) in the first quarter of 2025 from RMB1.6 billion in the same period of 2024, mainly due to the increase in sales and marketing expenses for home renovation and furnishing business.
    • Research and development expenses increased by 24.9% to RMB584 million (US$80 million) in the first quarter of 2025 from RMB467 million in the same period of 2024, primarily due to the increased headcount of research and development personnel and the increased technical service costs.

    Income from operations was RMB591 million (US$81million) in the first quarter of 2025, compared to RMB12 million in the same period of 2024. Operating margin was 2.5% in the first quarter of 2025, compared to 0.1% in the same period of 2024, primarily due to the improved operating leverage, compared to the same period of 2024.

    Adjusted income from operations6 was RMB1,148 million (US$158 million) in the first quarter of 2025, compared to RMB960 million in the same period of 2024. Adjusted operating margin7 was 4.9% in the first quarter of 2025, compared to 5.9% in the same period of 2024. Adjusted EBITDA8 was RMB1,842 million (US$254 million) in the first quarter of 2025, compared to RMB1,666 million in the same period of 2024.

    Net Income

    Net income was RMB855 million (US$118 million) in the first quarter of 2025, compared to RMB432 million in the same period of 2024.

    Adjusted net income was RMB1,393 million (US$192 million) in the first quarter of 2025, relatively flat compared to RMB1,392 million in the same period of 2024.

    Net Income attributable to KE Holdings Inc.’s Ordinary Shareholders

    Net income attributable to KE Holdings Inc.’s ordinary shareholders was RMB856 million (US$118 million) in the first quarter of 2025, compared to RMB432 million in the same period of 2024.

    Adjusted net income attributable to KE Holdings Inc.’s ordinary shareholders9 was RMB1,393 million (US$192 million) in the first quarter of 2025, compared to RMB1,392 million in the same period of 2024.

    Net Income per ADS

    Basic and diluted net income per ADS attributable to KE Holdings Inc.’s ordinary shareholders10 were RMB0.76 (US$0.10) and RMB0.73 (US$0.10) in the first quarter of 2025, respectively, compared to RMB0.38 and RMB0.37 in the same period of 2024, respectively.

    Adjusted basic and diluted net income per ADS attributable to KE Holdings Inc.’s ordinary shareholders11 were RMB1.24 (US$0.17) and RMB1.19 (US$0.16) in the first quarter of 2025, respectively, compared to RMB1.21 and RMB1.18 in the same period of 2024, respectively.

    Cash, Cash Equivalents, Restricted Cash and Short-Term Investments

    As of March 31, 2025, the combined balance of the Company’s cash, cash equivalents, restricted cash and short-term investments amounted to RMB54.8 billion (US$7.6 billion).

    Share Repurchase Program

    As previously disclosed, the Company established a share repurchase program in August 2022 and upsized and extended it in August 2023 and August 2024, under which the Company may purchase up to US$3 billion of its Class A ordinary shares and/or ADSs until August 31, 2025, subject to obtaining another general unconditional mandate for the repurchase from the shareholders of the Company at the next annual general meeting to continue its share repurchase after the expiry of the existing share repurchase mandate granted by the annual general meeting held on June 14, 2024. As of March 31, 2025, the Company in aggregate has purchased approximately 116.6 million ADSs (representing approximately 349.9 million Class A ordinary shares) on the New York Stock Exchange with a total consideration of approximately US$1,764.8 million under this share repurchase program since its launch.

    Conference Call Information

    The Company will hold an earnings conference call at 8:00 A.M. U.S. Eastern Time on Thursday, May 15, 2025 (8:00 P.M. Beijing/Hong Kong Time on Thursday, May 15, 2025) to discuss the financial results.

    For participants who wish to join the conference call using dial-in numbers, please complete online registration using the link provided below at least 20 minutes prior to the scheduled call start time. Dial-in numbers, passcode and unique access PIN would be provided upon registering.

    Participant Online Registration:

    English Line: https://s1.c-conf.com/diamondpass/10046740-j8h7g6.html

    Chinese Simultaneous Interpretation Line (listen-only mode): https://s1.c-conf.com/diamondpass/10046741-h6g53.html

    A replay of the conference call will be accessible through May 22, 2025, by dialing the following numbers:

    United States: +1-855-883-1031
    Mainland, China: 400-1209-216
    Hong Kong, China: 800-930-639
    International: +61-7-3107-6325
    Replay PIN (English line): 10046740
    Replay PIN (Chinese simultaneous interpretation line): 10046741
       

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

    Exchange Rate

    This press release contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.2567 to US$1.00, the noon buying rate in effect on March 31, 2025, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial information contained in this earnings release.

    Non-GAAP Financial Measures

    The Company uses adjusted income (loss) from operations, adjusted net income (loss), adjusted net income (loss) attributable to KE Holdings Inc.’s ordinary shareholders, adjusted operating margin, adjusted EBITDA and adjusted net income (loss) per ADS attributable to KE Holdings Inc.’s ordinary shareholders, each a non-GAAP financial measure, in evaluating its operating results and formulating its business plan. Beike believes that these non-GAAP financial measures help identify underlying trends in the Company’s business that could otherwise be distorted by the effect of certain expenses that the Company includes in its net income (loss). Beike also believes that these non-GAAP financial measures provide useful information about its results of operations, enhance the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by its management in formulating its business plan. A limitation of using these non-GAAP financial measures is that these non-GAAP financial measures exclude share-based compensation expenses that have been, and will continue to be for the foreseeable future, a significant recurring expense in the Company’s business.

    The presentation of these non-GAAP financial measures should not be considered in isolation or construed as an alternative to gross profit, net income (loss) or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review these non-GAAP financial measures and the reconciliation to the most directly comparable GAAP measures. The non-GAAP financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data. Beike encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. Adjusted income (loss) from operations is defined as income (loss) from operations, excluding (i) share-based compensation expenses, and (ii) amortization of intangible assets resulting from acquisitions and business cooperation agreement. Adjusted operating margin is defined as adjusted income (loss) from operations as a percentage of net revenues. Adjusted net income (loss) is defined as net income (loss), excluding (i) share-based compensation expenses, (ii) amortization of intangible assets resulting from acquisitions and business cooperation agreement, (iii) changes in fair value from long-term investments, loan receivables measured at fair value and contingent consideration, (iv) impairment of investments, and (v) tax effects of the above non-GAAP adjustments. Adjusted net income (loss) attributable to KE Holdings Inc.’s ordinary shareholders is defined as net income (loss) attributable to KE Holdings Inc.’s ordinary shareholders, excluding (i) share-based compensation expenses, (ii) amortization of intangible assets resulting from acquisitions and business cooperation agreement, (iii) changes in fair value from long-term investments, loan receivables measured at fair value and contingent consideration, (iv) impairment of investments, (v) tax effects of the above non-GAAP adjustments, and (vi) effects of non-GAAP adjustments on net income (loss) attributable to non-controlling interests shareholders. Adjusted EBITDA is defined as net income (loss), excluding (i) income tax expense, (ii) share-based compensation expenses, (iii) amortization of intangible assets, (iv) depreciation of property, plant and equipment, (v) interest income, net, (vi) changes in fair value from long-term investments, loan receivables measured at fair value and contingent consideration, and (vii) impairment of investments. Adjusted net income (loss) per ADS attributable to KE Holdings Inc.’s ordinary shareholders is defined as adjusted net income (loss) attributable to KE Holdings Inc.’s ordinary shareholders divided by weighted average number of ADS outstanding during the periods used in calculating adjusted net income (loss) per ADS, basic and diluted.

    Please see the “Unaudited reconciliation of GAAP and non-GAAP results” included in this press release for a full reconciliation of each non-GAAP measure to its respective comparable GAAP measure.

    About KE Holdings Inc.

    KE Holdings Inc. is a leading integrated online and offline platform for housing transactions and services. The Company is a pioneer in building infrastructure and standards to reinvent how service providers and customers efficiently navigate and complete housing transactions and services in China, ranging from existing and new home sales, home rentals, to home renovation and furnishing, and other services. The Company owns and operates Lianjia, China’s leading real estate brokerage brand and an integral part of its Beike platform. With more than 23 years of operating experience through Lianjia since its inception in 2001, the Company believes the success and proven track record of Lianjia pave the way for it to build its infrastructure and standards and drive the rapid and sustainable growth of Beike.

    Safe Harbor Statement

    This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Among other things, the quotations from management in this press release, as well as Beike’s strategic and operational plans, contain forward-looking statements. Beike may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) and The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about KE Holdings Inc.’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Beike’s goals and strategies; Beike’s future business development, financial condition and results of operations; expected changes in the Company’s revenues, costs or expenditures; Beike’s ability to empower services and facilitate transactions on Beike platform; competition in the industry in which Beike operates; relevant government policies and regulations relating to the industry; Beike’s ability to protect the Company’s systems and infrastructures from cyber-attacks; Beike’s dependence on the integrity of brokerage brands, stores and agents on the Company’s platform; general economic and business conditions in China and globally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in KE Holdings Inc.’s filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and KE Holdings Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For more information, please visit: https://investors.ke.com.

    For investor and media inquiries, please contact:

    In China:
    KE Holdings Inc.
    Investor Relations
    Siting Li
    E-mail: ir@ke.com

    Piacente Financial Communications
    Jenny Cai
    Tel: +86-10-6508-0677
    E-mail: ke@tpg-ir.com

    In the United States:
    Piacente Financial Communications
    Brandi Piacente
    Tel: +1-212-481-2050
    E-mail: ke@tpg-ir.com

    Source: KE Holdings Inc.

    KE Holdings Inc.
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
    (All amounts in thousands, except for share, per share data)
     
        As of
    December 31,    		   As of
    March 31,
        2024   2025
        RMB   RMB   US$
                 
    ASSETS            
    Current assets            
    Cash and cash equivalents   11,442,965   12,772,700   1,760,125
    Restricted cash   8,858,449   10,145,685   1,398,113
    Short-term investments   41,317,700   31,876,941   4,392,760
    Financing receivables, net of allowance for credit losses of RMB147,330 and RMB162,302 as of December 31, 2024 and March 31, 2025, respectively   2,835,527   2,073,051   285,674
    Accounts receivable and contract assets, net of allowance for credit losses of RMB1,636,163 and RMB1,643,867 as of December 31, 2024 and March 31, 2025, respectively   5,497,989   5,139,299   708,214
    Amounts due from and prepayments to related parties   379,218   390,196   53,770
    Loan receivables from related parties   18,797   194,086   26,746
    Prepayments, receivables and other assets   6,252,700   7,573,610   1,043,672
    Total current assets   76,603,345   70,165,568   9,669,074
    Non-current assets            
    Property, plant and equipment, net   2,400,211   2,427,395   334,504
    Right-of-use assets   23,366,879   23,536,212   3,243,377
    Long-term investments, net   23,790,106   27,618,510   3,805,932
    Intangible assets, net   857,635   823,140   113,432
    Goodwill   4,777,420   4,777,420   658,346
    Long-term loan receivables from related parties   131,410   19,360   2,668
    Other non-current assets   1,222,277   1,244,856   171,546
    Total non-current assets   56,545,938   60,446,893   8,329,805
    TOTAL ASSETS   133,149,283   130,612,461   17,998,879
    KE Holdings Inc.
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)
    (All amounts in thousands, except for share, per share data)
     
        As of
    December 31,    		   As of
    March 31,
        2024   2025
        RMB   RMB   US$
                 
    LIABILITIES            
    Current liabilities            
    Accounts payable   9,492,629   7,868,788   1,084,348
    Amounts due to related parties   391,446   427,753   58,946
    Employee compensation and welfare payable   8,414,472   5,226,229   720,194
    Customer deposits payable   6,078,623   7,452,000   1,026,913
    Income taxes payable   1,028,735   823,746   113,515
    Short-term borrowings   288,280   182,010   25,082
    Lease liabilities current portion   13,729,701   13,579,265   1,871,273
    Contract liabilities and deferred revenue   6,051,867   6,583,215   907,191
    Accrued expenses and other current liabilities   7,268,505   10,618,658   1,463,290
    Total current liabilities   52,744,258   52,761,664   7,270,752
    Non-current liabilities            
    Deferred tax liabilities   317,697   317,697   43,780
    Lease liabilities non-current portion   8,636,770   8,579,296   1,182,259
    Other non-current liabilities   2,563   2,465   340
    Total non-current liabilities   8,957,030   8,899,458   1,226,379
    TOTAL LIABILITIES   61,701,288   61,661,122   8,497,131
    KE Holdings Inc.
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)
    (All amounts in thousands, except for share, per share data)
     
        As of
    December 31,    		   As of
    March 31,
        2024   2025
        RMB   RMB   US$
                 
    SHAREHOLDERS’ EQUITY            
    KE Holdings Inc. shareholders’ equity            
    Ordinary shares (US$0.00002 par value; 25,000,000,000 ordinary shares authorized, comprising of 24,114,698,720 Class A ordinary shares and 885,301,280 Class B ordinary shares. 3,479,616,986 Class A ordinary shares issued and 3,337,567,403 Class A ordinary shares outstanding(1) as of December 31, 2024; 3,477,710,889 Class A ordinary shares issued and 3,346,161,732 Class A ordinary shares outstanding(1) as of March 31, 2025; and 145,413,446 and 144,042,476 Class B ordinary shares issued and outstanding as of December 31, 2024 and March 31, 2025, respectively)   461     460     63  
    Treasury shares   (949,410 )   (462,581 )   (63,745 )
    Additional paid-in capital   72,460,562     68,618,103     9,455,827  
    Statutory reserves   926,972     926,972     127,740  
    Accumulated other comprehensive income   609,112     616,892     85,010  
    Accumulated deficit   (1,723,881 )   (868,114 )   (119,629 )
    Total KE Holdings Inc. shareholders’ equity   71,323,816     68,831,732     9,485,266  
    Non-controlling interests   124,179     119,607     16,482  
    TOTAL SHAREHOLDERS’ EQUITY   71,447,995     68,951,339     9,501,748  
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   133,149,283     130,612,461     17,998,879  

    (1) Excluding the Class A ordinary shares registered in the name of the depositary bank for future issuance of ADSs upon the exercise or vesting of awards granted under our share incentive plans and the Class A ordinary shares repurchased but not cancelled in the form of ADSs.

    KE Holdings Inc.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
    (All amounts in thousands, except for share, per share data, ADS and per ADS data)
     
      For the Three Months Ended
      March 31,
    2024    		   March 31,
    2025    		   March 31,
    2025
      RMB   RMB   US$
               
    Net revenues          
    Existing home transaction services 5,727,030     6,870,407     946,767  
    New home transaction services 4,916,515     8,074,995     1,112,764  
    Home renovation and furnishing 2,408,848     2,945,443     405,893  
    Home rental services 2,625,203     5,087,776     701,114  
    Emerging and other services 699,718     349,726     48,194  
    Total net revenues 16,377,314     23,328,347     3,214,732  
    Cost of revenues          
    Commission-split (3,418,179 )   (5,693,140 )   (784,536 )
    Commission and compensation-internal (3,620,949 )   (4,818,277 )   (663,976 )
    Cost of home renovation and furnishing (1,671,718 )   (1,985,956 )   (273,672 )
    Cost of home rental services (2,480,497 )   (4,746,056 )   (654,024 )
    Cost related to stores (685,047 )   (716,809 )   (98,779 )
    Others (378,838 )   (547,217 )   (75,408 )
    Total cost of revenues(1) (12,255,228 )   (18,507,455 )   (2,550,395 )
    Gross profit 4,122,086     4,820,892     664,337  
    Operating expenses          
    Sales and marketing expenses(1) (1,623,737 )   (1,772,957 )   (244,320 )
    General and administrative expenses(1) (2,019,195 )   (1,873,760 )   (258,211 )
    Research and development expenses(1) (467,300 )   (583,610 )   (80,424 )
    Total operating expenses (4,110,232 )   (4,230,327 )   (582,955 )
    Income from operations 11,854     590,565     81,382  
    Interest income, net 309,675     268,568     37,010  
    Share of results of equity investees (4,086 )   7,345     1,012  
    Fair value changes in investments, net 7,765     110,486     15,225  
    Impairment loss for equity investments accounted for using measurement alternative (6,147 )   –     –  
    Foreign currency exchange loss (17,748 )   (39,633 )   (5,462 )
    Other income, net 537,638     445,447     61,384  
    Income before income tax expense 838,951     1,382,778     190,551  
    Income tax expense (406,829 )   (527,455 )   (72,685 )
    Net income 432,122     855,323     117,866  
    KE Holdings Inc.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Continued)
    (All amounts in thousands, except for share, per share data, ADS and per ADS data)
     
      For the Three Months Ended
      March 31,
    2024    		   March 31,
    2025    		   March 31,
    2025
      RMB   RMB   US$
               
    Net loss (income) attributable to non-controlling interests shareholders (348 )   444     61  
    Net income attributable to KE Holdings Inc. 431,774     855,767     117,927  
    Net income attributable to KE Holdings Inc.’s ordinary shareholders 431,774     855,767     117,927  
               
    Net income 432,122     855,323     117,866  
    Currency translation adjustments 36,335     (23,695 )   (3,265 )
    Unrealized gains on available-for-sale investments, net of reclassification 25,331     31,475     4,337  
    Total comprehensive income 493,788     863,103     118,938  
    Comprehensive loss (income) attributable to non-controlling interests shareholders (348 )   444     61  
    Comprehensive income attributable to KE Holdings Inc. 493,440     863,547     118,999  
    Comprehensive income attributable to KE Holdings Inc.’s ordinary shareholders 493,440     863,547     118,999  
    KE Holdings Inc.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Continued)
    (All amounts in thousands, except for share, per share data, ADS and per ADS data)
     
      For the Three Months Ended
      March 31,
    2024    		   March 31,
    2025    		   March 31,
    2025
      RMB   RMB   US$
               
    Weighted average number of ordinary shares used in computing net income per share, basic and diluted          
    —Basic 3,439,606,429   3,362,716,016   3,362,716,016
    —Diluted 3,541,861,506   3,522,002,071   3,522,002,071
               
    Weighted average number of ADS used in computing net income per ADS, basic and diluted          
    —Basic 1,146,535,476   1,120,905,339   1,120,905,339
    —Diluted 1,180,620,502   1,174,000,690   1,174,000,690
               
    Net income per share attributable to KE Holdings Inc.’s ordinary shareholders          
    —Basic 0.13   0.25   0.03
    —Diluted 0.12   0.24   0.03
               
    Net income per ADS attributable to KE Holdings Inc.’s ordinary shareholders          
    —Basic 0.38   0.76   0.10
    —Diluted 0.37   0.73   0.10
               
    (1) Includes share-based compensation expenses as follows:
    Cost of revenues 124,433   109,558   15,097
    Sales and marketing expenses 47,303   45,295   6,242
    General and administrative expenses 577,134   331,203   45,641
    Research and development expenses 44,510   41,113   5,666
               
    KE Holdings Inc.
    UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS
    (All amounts in thousands, except for share, per share data, ADS and per ADS data)
     
      For the Three Months Ended
      March 31,
    2024    		   March 31,
    2025    		   March 31,
    2025
      RMB   RMB   US$
               
    Income from operations 11,854     590,565     81,382  
    Share-based compensation expenses 793,380     527,169     72,646  
    Amortization of intangible assets resulting from acquisitions and business cooperation agreement 154,293     29,883     4,118  
    Adjusted income from operations 959,527     1,147,617     158,146  
               
    Net income 432,122     855,323     117,866  
    Share-based compensation expenses 793,380     527,169     72,646  
    Amortization of intangible assets resulting from acquisitions and business cooperation agreement 154,293     29,883     4,118  
    Changes in fair value from long-term investments, loan receivables measured at fair value and contingent consideration 13,191     (13,084 )   (1,803 )
    Impairment of investments 6,147     –     –  
    Tax effects on non-GAAP adjustments (6,916 )   (6,494 )   (895 )
    Adjusted net income 1,392,217     1,392,797     191,932  
               
    Net income 432,122     855,323     117,866  
    Income tax expense 406,829     527,455     72,685  
    Share-based compensation expenses 793,380     527,169     72,646  
    Amortization of intangible assets 158,506     35,171     4,847  
    Depreciation of property, plant and equipment 165,169     178,254     24,564  
    Interest income, net (309,675 )   (268,568 )   (37,010 )
    Changes in fair value from long-term investments, loan receivables measured at fair value and contingent consideration 13,191     (13,084 )   (1,803 )
    Impairment of investments 6,147     –     –  
    Adjusted EBITDA 1,665,669     1,841,720     253,795  
               
    Net income attributable to KE Holdings Inc.’s ordinary shareholders 431,774     855,767     117,927  
    Share-based compensation expenses 793,380     527,169     72,646  
    Amortization of intangible assets resulting from acquisitions and business cooperation agreement 154,293     29,883     4,118  
    Changes in fair value from long-term investments, loan receivables measured at fair value and contingent consideration 13,191     (13,084 )   (1,803 )
    Impairment of investments 6,147     –     –  
    Tax effects on non-GAAP adjustments (6,916 )   (6,494 )   (895 )
    Effects of non-GAAP adjustments on net income attributable to non-controlling interests shareholders (7 )   (7 )   (1 )
    Adjusted net income attributable to KE Holdings Inc.’s ordinary shareholders 1,391,862     1,393,234     191,992  
    KE Holdings Inc.
    UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS (Continued)
    (All amounts in thousands, except for share, per share data, ADS and per ADS data)
     
      For the Three Months Ended
      March 31,
    2024    		   March 31,
    2025    		   March 31,
    2025
      RMB   RMB   US$
               
    Weighted average number of ADS used in computing net income per ADS, basic and diluted          
    —Basic 1,146,535,476   1,120,905,339   1,120,905,339
    —Diluted 1,180,620,502   1,174,000,690   1,174,000,690
               
    Weighted average number of ADS used in calculating adjusted net income per ADS, basic and diluted          
    —Basic 1,146,535,476   1,120,905,339   1,120,905,339
    —Diluted 1,180,620,502   1,174,000,690   1,174,000,690
               
    Net income per ADS attributable to KE Holdings Inc.’s ordinary shareholders          
    —Basic 0.38   0.76   0.10
    —Diluted 0.37   0.73   0.10
               
    Non-GAAP adjustments to net income per ADS attributable to KE Holdings Inc.’s ordinary shareholders          
    —Basic 0.83   0.48   0.07
    —Diluted 0.81   0.46   0.06
               
    Adjusted net income per ADS attributable to KE Holdings Inc.’s ordinary shareholders          
    —Basic 1.21   1.24   0.17
    —Diluted 1.18   1.19   0.16
               
    KE Holdings Inc.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
    (All amounts in thousands)
     
      For the Three Months Ended
      March 31,
    2024    		   March 31,
    2025    		   March 31,
    2025
      RMB   RMB   US$
               
    Net cash used in operating activities (2,108,532 )   (3,965,271 )   (546,429 )
    Net cash provided by investing activities 1,290,426     6,285,669     866,188  
    Net cash provided by (used in) financing activities (252,538 )   261,073     35,977  
    Effect of exchange rate change on cash, cash equivalents and restricted cash (3,505 )   35,500     4,892  
    Net increase (decrease) in cash and cash equivalents and restricted cash (1,074,149 )   2,616,971     360,628  
    Cash, cash equivalents and restricted cash at the beginning of the period 25,857,461     20,301,414     2,797,610  
    Cash, cash equivalents and restricted cash at the end of the period 24,783,312     22,918,385     3,158,238  
    KE Holdings Inc.
    UNAUDITED SEGMENT CONTRIBUTION MEASURE
    (All amounts in thousands)
     
        For the Three Months Ended
        March 31,
    2024    		   March 31,
    2025    		   March 31,
    2025
        RMB   RMB   US$
    Existing home transaction services            
    Net revenues   5,727,030     6,870,407     946,767  
    Commission and compensation   (3,180,925 )   (4,252,291 )   (585,981 )
    Contribution   2,546,105     2,618,116     360,786  
    New home transaction services            
    Net revenues   4,916,515     8,074,995     1,112,764  
    Commission and compensation   (3,821,103 )   (6,185,772 )   (852,422 )
    Contribution   1,095,412     1,889,223     260,342  
    Home renovation and furnishing            
    Net revenues   2,408,848     2,945,443     405,893  
    Material costs, commission and compensation   (1,671,718 )   (1,985,956 )   (273,672 )
    Contribution   737,130     959,487     132,221  
    Home rental services            
    Net revenues   2,625,203     5,087,776     701,114  
    Property leasing costs, commission and compensation   (2,480,497 )   (4,746,056 )   (654,024 )
    Contribution   144,706     341,720     47,090  
    Emerging and other services            
    Net revenues   699,718     349,726     48,194  
    Commission and compensation   (37,100 )   (73,354 )   (10,109 )
    Contribution   662,618     276,372     38,085  
    KE Holdings Inc.
    UNAUDITED SEGMENT CONTRIBUTION MEASURE (Continued)
    (All amounts in thousands)
     
        For the Three Months Ended
        March 31,
    2024    		   March 31,
    2025    		   March 31,
    2025
        RMB   RMB   US$
    Reconciliation of profit            
    Cost related to stores   (685,047 )   (716,809 )   (98,779 )
    Other costs   (378,838 )   (547,217 )   (75,408 )
    Amounts not allocated to segment:            
    Sales and marketing expenses   (1,623,737 )   (1,772,957 )   (244,320 )
    General and administrative expenses   (2,019,195 )   (1,873,760 )   (258,211 )
    Research and development expenses   (467,300 )   (583,610 )   (80,424 )
    Total operating expenses   (4,110,232 )   (4,230,327 )   (582,955 )
    Income from operations   11,854     590,565     81,382  
     

    1 GTV for a given period is calculated as the total value of all transactions which the Company facilitated on the Company’s platform and evidenced by signed contracts as of the end of the period, including the value of the existing home transactions, new home transactions, home renovation and furnishing and emerging and other services (excluding home rental services), and including transactions that are contracted but pending closing at the end of the relevant period. For the avoidance of doubt, for transactions that failed to close afterwards, the corresponding GTV represented by these transactions will be deducted accordingly.
    2 Adjusted net income (loss) is a non-GAAP financial measure, which is defined as net income (loss), excluding (i) share-based compensation expenses, (ii) amortization of intangible assets resulting from acquisitions and business cooperation agreement, (iii) changes in fair value from long-term investments, loan receivables measured at fair value and contingent consideration, (iv) impairment of investments, and (v) tax effects of the above non-GAAP adjustments. Please refer to the section titled “Unaudited reconciliation of GAAP and non-GAAP results” for details.
    3 Based on our accumulated operational experience, we have introduced the operating metrics of number of active stores and number of active agents on our platform, which can better reflect the operational activeness of stores and agents on our platform.
    “Active stores” as of a given date is defined as stores on our platform excluding the stores which (i) have not facilitated any housing transaction during the preceding 60 days, (ii) do not have any agent who has engaged in any critical steps in housing transactions (including but not limited to introducing new properties, attracting new customers and conducting property showings) during the preceding seven days, or (iii) have not been visited by any agent during the preceding 14 days. The number of active stores was 42,593 as of March 31, 2024.
    4 “Active agents” as of a given date is defined as agents on our platform excluding the agents who (i) delivered notice to leave but have not yet completed the exit procedures, (ii) have not engaged in any critical steps in housing transactions (including but not limited to introducing new properties, attracting new customers and conducting property showings) during the preceding 30 days, or (iii) have not participated in facilitating any housing transaction during the preceding three months. The number of active agents was 399,159 as of March 31, 2024.
    5 “Mobile monthly active users” or “mobile MAU” are to the sum of (i) the number of accounts that have accessed our platform through our Beike or Lianjia mobile app (with duplication eliminated) at least once during a month, and (ii) the number of Weixin users that have accessed our platform through our Weixin Mini Programs at least once during a month. Average mobile MAU for any period is calculated by dividing (i) the sum of the Company’s mobile MAUs for each month of such period, by (ii) the number of months in such period.
    6 Adjusted income (loss) from operations is a non-GAAP financial measure, which is defined as income (loss) from operations, excluding (i) share-based compensation expenses, and (ii) amortization of intangible assets resulting from acquisitions and business cooperation agreement. Please refer to the section titled “Unaudited reconciliation of GAAP and non-GAAP results” for details.
    7 Adjusted operating margin is adjusted income (loss) from operations as a percentage of net revenues.
    8 Adjusted EBITDA is a non-GAAP financial measure, which is defined as net income (loss), excluding (i) income tax expense, (ii) share-based compensation expenses, (iii) amortization of intangible assets, (iv) depreciation of property, plant and equipment, (v) interest income, net, (vi) changes in fair value from long-term investments, loan receivables measured at fair value and contingent consideration, and (vii) impairment of investments. Please refer to the section titled “Unaudited reconciliation of GAAP and non-GAAP results” for details.
    9 Adjusted net income (loss) attributable to KE Holdings Inc.’s ordinary shareholders is a non-GAAP financial measure, which is defined as net income (loss) attributable to KE Holdings Inc.’s ordinary shareholders, excluding (i) share-based compensation expenses, (ii) amortization of intangible assets resulting from acquisitions and business cooperation agreement, (iii) changes in fair value from long-term investments, loan receivables measured at fair value and contingent consideration, (iv) impairment of investments, (v) tax effects of the above non-GAAP adjustments, and (vi) effects of non-GAAP adjustments on net income (loss) attributable to non-controlling interests shareholders. Please refer to the section titled “Unaudited reconciliation of GAAP and non-GAAP results” for details.
    10 ADS refers to American Depositary Share. Each ADS represents three Class A ordinary shares of the Company. Net income (loss) per ADS attributable to KE Holdings Inc.’s ordinary shareholders is net income (loss) attributable to ordinary shareholders divided by weighted average number of ADS outstanding during the periods used in calculating net income (loss) per ADS, basic and diluted.
    11 Adjusted net income (loss) per ADS attributable to KE Holdings Inc.’s ordinary shareholders is a non-GAAP financial measure, which is defined as adjusted net income (loss) attributable to KE Holdings Inc.’s ordinary shareholders divided by weighted average number of ADS outstanding during the periods used in calculating adjusted net income (loss) per ADS, basic and diluted. Please refer to the section titled “Unaudited reconciliation of GAAP and non-GAAP results” for details.

    The MIL Network –

  • MIL-OSI: BEN Expands into Hospitality with AI Concierge

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Del., May 15, 2025 (GLOBE NEWSWIRE) — What happens when an AI innovator enters one of the world’s most service-driven industries? For BEN, it enters a new vertical—reimagining hospitality with personalized, intelligent AI. That journey begins at one of Eastern Europe’s top luxury hotels, delivering a next-generation guest experience that blends high-touch service with human-like intelligence.

    Brand Engagement Network Inc. (BEN) (Nasdaq: BNAI), an innovator in AI-powered customer engagement, announced it has entered into a formal agreement with Seven Visions Resort & Places, The Dvin (The Dvin), to develop and deploy BEN’s expert Concierge AI Agent at the iconic Yerevan destination. This collaboration signifies BEN’s entry into the hospitality sector, which the parties believe will establish a new standard for AI-enhanced luxury guest experiences on a larger scale.

    A Two-Phase Pilot Initiative Designed for Impact

    The collaboration will begin with a two-phase pilot initiative, starting with a 24/7 Concierge AI Agent and following with a Reservation AI Agent. Both are powered by BEN’s modular iSKYE platform, allowing clients to deploy high-impact use cases quickly and scale across the guest journey. 

    With this initiative, BEN enters the hospitality industry, offering secure, guest-first AI tailored for high-touch customer experience, marking a strategic expansion into a new vertical.

    A Setting Built for Innovation

    “Introducing AI at this level isn’t just about adopting new technology—it’s about redefining luxury,” said Dvin owner Artak Tovmasyan, who also holds a 30% stake in a cybersecurity firm serving over 85% of Dubai’s hotels. “We chose BEN for their secure, guest-first platform—designed with trust, speed, and world-class execution in mind.”

    “This is an opportunity to demonstrate the versatility of BEN’s AI platform in a setting where service excellence is paramount,” said Paul Chang, CEO of Brand Engagement Network.

    For more information about BEN, visit www.beninc.ai.

    About Seven Visions Resort & Places, The Dvin
    Seven Visions Resort & Places, The Dvin stands as Armenia’s crown jewel — a historical and cultural entertainment destination where timeless heritage meets bold innovation. Globally recognized with 15 international awards and several Guinness nominations, it stands as a symbol of excellence on the world stage — including titles such as World’s Leading Hotel Dining & Entertainment Experience 2023 and 2024, World’s Best New MICE Hotel 2023, as well as multiple awards as Europe’s and Armenia’s Leading Hotel. Seven Visions plays a key role in making Armenia a top MICE destination for meetings, incentives, conferences, and exhibitions worldwide. Its mission is clear: to place Armenia on the global touristic map. The resort features 153 artfully appointed rooms and suites, providing guests with unparalleled comfort and an immersive stay. At the heart of Seven Visions Resort & Places lies The Dvin Music Hall — the largest ceremony venue in the region, having hosted weddings, prestigious events, and prominent guests. The One & Only Theatre, home to the world’s only ceiling-stage, redefines live entertainment with an immersive experience. Hayrik Restaurant by Seven Visions elevates Armenian cuisine, blending tradition with modern techniques and global influences in a warm, welcoming atmosphere. For a unique entertainment experience, the Stage Gastro Show Club pairs fine cuisine with live acrobatic performances, creating a memorable sensory experience. Relaxation flows seamlessly at The Pool, a breathtaking infinity pool designed for inspiration and serenity. Guests can also focus on wellness at Body & Soul Fitness Center, featuring advanced training equipment, a tennis court, and a Cross Fit zone. For business meetings, Hartak Meeting Places offers 12 high-tech venues ideal for conferences, networking events, expos, summits, and exclusive gatherings. The resort also houses ARTaments in Future Tower, a premium business center where only market-leading companies rent exclusive office spaces. Finally, N7 Beach Club, located 1,111 meters above sea level and enclosed by a one-glass facade, boasts the 4th biggest infinity pool of its kind in the world, making it one of the most iconic aquatic experiences globally. And this is just the beginning — with visionary new projects on the horizon, including a world-class casino and an opulent, internationally acclaimed spa, Seven Visions Resort & Places, The Dvin continues to shape the future of hospitality, culture, and global tourism.
    Learn more at 7visionshotels.com.

    About Brand Engagement Network Inc. (BEN)
    Brand Engagement Network Inc. (BEN) (Nasdaq: BNAI) innovates in AI-powered customer engagement by delivering safe, intelligent, scalable solutions. Its proprietary Enterprise Language Model (ELM™) and Retrieval-Augmented Generation (RAG™) architecture enable highly personalized interactions supported by customers’ curated data in closed-loop environments. BEN develops AI-driven engagement solutions for the life sciences, automotive, and retail industries, featuring AI-powered avatars for outbound campaigns, inbound customer service, and real-time recommendations. With a global AI research and development team, BEN provides secure cloud-based and on-premises deployments, granting complete control of the technology stack and ensuring compliance with GDPR, CCPA, HIPAA, and SOC 2 Type 1 standards. The company holds 21 patents, with 28 pending, demonstrating its commitment to advancing AI-driven consumer engagement.
    Learn more at www.beninc.ai.

    Forward-Looking Statements
    Certain statements in this communication are “forward-looking statements” within the meaning of federal securities laws. They are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect, among other things, BEN’s current expectations, assumptions, plans, strategies, and anticipated results. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance.

    There are a number of risks, uncertainties and conditions that may cause BEN’s actual results to differ materially from those expressed or implied by these forward-looking statements, including but not limited to the risk factors described in Part I, Item 1A of Risk Factors in BEN’s Annual Report on Form 10-K for the year ended December 31, 2023 and the other risk factors identified from time to time in the BEN’s other filings with the Securities and Exchange Commission (the “SEC”). Filings with the SEC are available on the SEC’s website at http://www.sec.gov.

    Many of these circumstances are beyond BEN’s ability to control or predict. These forward-looking statements necessarily involve assumptions on BEN’s part. These forward-looking statements may include words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “project,” “should,” “may,” “will,” “might,” “could,” “would,” or similar expressions. All forward-looking statements attributable to the Company or persons acting on BEN’s behalf are expressly qualified in their entirety by the cautionary statements that appear throughout this communication. Furthermore, undue reliance should not be placed on forward-looking statements, which are based on the information currently available to the Company and speak only as of the date they are made. BEN disclaims any intention or obligation to update or revise publicly any forward-looking statements.

    Media Contact 
    Amy Rouyer
    P: 503-367-7596
    E: amy@beninc.ai

    Investor Relations
    Susan Xu
    P: 778-323-0959
    E: sxu@allianceadvisors.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c4acfcc4-228d-4129-803b-0a67ff1bf6b6

    The MIL Network –

  • MIL-OSI Economics: OEUK news Record increase in offshore wind capacity critical to Clean Power 2030 goal, says OEUK report 15 May 2025

    Source: Offshore Energy UK

    Headline: OEUK news

    Record increase in offshore wind capacity critical to Clean Power 2030 goal, says OEUK report

    15 May 2025

    In its 2025 Offshore Wind Insight, Offshore Energies UK (OEUK) warns that without action to address price inflation, capital cost and UK supply chain competitiveness, the UK will fail to meet the government’s Clean Power 2030 (CP30) target of between 43 and 51 GW of installed offshore wind capacity.

    The UK has the capacity to become a major exporter of wind energy, but if it is to meet CP2030 objectives the September wind allocation round (AR7) will have to be the biggest ever with more than 8GW of new licences awarded.

    As the halt to Hornsea 4 wind farm last week shows, cost inflation, finance costs and market outlook make investment in offshore wind all the more challenging, putting additional pressure on CP30 delivery.

    North Sea oil and gas have provided the primary source of energy for more than 50 years and the UK will continue to need homegrown oil and gas as part of an integrated energy mix for years to come alongside the build out of renewables. As the focus on decarbonising the economy gains momentum, electricity is expected to dominate the future low carbon energy mix. Much of this will be generated by offshore wind installations fixed to the seabed as well as floating offshore wind (FOW) structures but unless the pace of change quickens, the UK stands to achieve only 35GW by 2030, short of the CP30 target.

    In 2024, the National Energy System Operator (NESO) published the Clean Power 2030 (CP30) report, setting out recommendations to the UK government on the design of a clean power grid by 2030. With a goal to accelerate progress to net zero by eliminating emissions that currently come from electricity generation, CP30 also aims to ensure that heating, transport and industry sectors are powered by electricity.

    The plan sees a huge build out of renewables including 43-50 Gigawatts (GW) of offshore wind, 27-29 GW of onshore wind, and 45-47 GW of solar power. Noting all renewables play important roles in delivering a clean power grid, whereby Britain will generate enough clean power to meet 95% of total annual electricity demand by 2030, NESO highlighted the critical role of offshore wind.

    OEUK’s Wind & Renewables Manager, Thibaut Cheret says:

    “Meeting the government’s 2030 target of 43 and 51 GW of installed offshore wind capacity means securing £15bn of private investment in offshore wind each and every year between now and 2030. The government’s next Contract for Difference auction in Allocation Round 7 (AR7), which incentivises new low carbon electricity generating projects, will need to secure historic levels of renewable energy procurement. AR7 needs to clear a record 8.4GW of offshore wind capacity to maintain the course toward CP30.”

    “With the flexibility to supply oil and gas installations or the national grid, Floating Offshore Wind (FOW) will become a critical tool for delivering CP30 and beyond. Offshore wind leasing rounds released by Innovation and Targeted Oil and Gas (INTOG) under the auspices of Crown Estate Scotland are helping decarbonise offshore oil and gas production whilst accelerating deployment of the first floating offshore wind project at commercial scale.

    “As Floating Offshore Wind projects will have access to windier areas in deeper waters around the UK, it is set to become the growth engine beyond 2030 with investment in FOW likely to overtake fixed-bottom wind in 2033. More than 50 years oil and gas experience means that our UK supply chain is well equipped to capture a sizeable stake of the floating wind market, but a significant portion of the spend required is beyond the reach of many UK companies, which highlights the need for strategic investment in innovation, skills and infrastructure. Getting this right means the UK can become a market leader in wind power generation and play a major part in delivering a homegrown energy transition.”

    Wind power remains a key component of the UK’s energy system, its share for UK’s electricity amounting to 29.5% in 2024. Of that, offshore wind contributed 17.2% of total electricity generation. Its ability to outperform onshore wind generation relative to installed capacity is down to newer, larger turbines installed off the coast of Britain, where wind speeds are often stronger for longer and efficiency is likely to be higher. This makes offshore wind one of the most attractive of the renewable energy technologies.

    Key report recommendations:

    • Development plans should be front-loaded to meet CP 2030 – The UK is not on track to meet CP 2030 target so Allocation Round 7 (AR7) needs to be the most ambitious auction round yet. It will need to secure 8.4 GW of new offshore wind capacity if the UK is to stay on course for CP30.
    • Timely delivery of transmission infrastructure will be essential– Rebuilding the National Grid electricity transmission grid will be a massive task. A grid investment programme of £58bn will be required to support 50 GW offshore wind by 2030.
    • Investment in UK energy should be to the long-term benefit of the UK economy– £65bn will be invested in UK offshore wind over the next five years – this has the potential to transform the growth outlook for the UK. The forthcoming UK industrial strategy should make developing a competitive homegrown energy supply chain equipped to make the most of these opportunities one of its key objectives.
    • Energy security is as important as a predominantly renewables-based power system-There should be a focus on homegrown energy, making the most of UK resources. There will be a continued role for gas-fired power generation to balance the grid. This should see the progressive deployment of gas with CCS and in due course hydrogen-fuelled power generation. Interconnectivity will help. A North Sea integrated grid can save £37bn/yr and cut wholesale prices by a fifth and would avoid system duplication.

    Share this article

    MIL OSI Economics –

  • MIL-OSI Economics: Samsung Marks Global Accessibility Awareness Day with a Unique Sound Experience At St Paul’s Cathedral

    Source: Samsung

     
    LONDON, U.K. – May 15, 2025: Samsung Electronics celebrated Global Accessibility Awareness Day this year with a week of accessibility events and workshops in the U.K. The company’s third edition of Accessibility Festival Week was brought to a close with a groundbreaking event at St Paul’s Cathedral in London, aimed at bringing customers, partners and employees together, through a unique sound experience.
     
    In collaboration with hearing-aid provider, GN, and Ampetronic, Samsung showcased Auracast technology to attendees wearing Galaxy Buds3 Pro or GN hearing aids, which allows a single device to broadcast to multiple receivers, to embark on a unique journey of shared listening.
     
    Attendees experienced the famous London Cathedral through a guided tour and choir performances. Audio of this experience was broadcasted using Auracast microphones and transmitters directly into participants’ Galaxy Buds3 Pro or GN hearing aids, eliminating background noise to enhance clarity.
     

     
    Auracast & LE Audio
    Introduced in 2022 by the Bluetooth Special Interest Group (SIG), Low Energy (LE) Audio is an updated standard for Bluetooth technology. It enables more power-efficient and higher-quality wireless transmission of audio from a broadcasting device such as a smartphone, to a receiver such as earbuds.
     
    Auracast is a feature of LE Audio that allows broadcasting from an audio source to multiple audio receivers, including earbuds and hearing aids, turning phones or TV’s into a radio station. It revolutionises audio experiences by enabling multiple devices to connect to a single audio source, fostering an inclusive listening environment. It also enhances audio clarity by reducing background noise, making it ideal for echo-prone venues like cathedrals and museums. Additionally, Auracast offers personalised sound settings, ensuring that users can tailor audio to their preferences and hearing needs, whether enjoying an audio tour or watching TV at home.
     
    Samsung has led efforts to ensure LE Audio compatibility for mobile devices and hearing aids. Since 2022, the company has been pushing for the expansion of LE Audio, introducing 360 Audio Recording and later adopting Auracast through the Buds2 Pro software update.
     
    Samsung’s commitment to hearing accessibility
    Among other areas, Samsung’s mission to redefine hearing accessibility has led to an unprecedented collaboration between mobile technology and hearing-aid innovation. With Auracast, Samsung bridges the gap between consumer audio and hearing devices, crafting a seamless, intelligent, and connected listening experience.
     
    Beyond Personal Audio: Now, both Galaxy Buds and hearing-aid users can tune into the same audio simultaneously, without limitations.
    Beyond Phones: When moving from your smartphone to TV, or from public to private spaces, sound stays with you—with no need to manually pair your device to each new transmitter. Anyone nearby can tune in freely to a shared audio stream, just like joining a public Wi-Fi.
    Beyond Boundaries: Whether at a stadium, airport or cafe, personalised audio is accessible in any setting.
     

    Accessibility Festival Week
    Ahead of bringing this vision to life at St Paul’s Cathedral, Samsung hosted its third annual Accessibility Festival Week (AFW) in London. The festival aims to reinforce the company’s commitment to accessibility and foster collaboration across departments and regions. Participants joined a host of activities,  including ‘Inspiration Tours’ exploring inclusive design practices at Samsung KX and Google’s Discovery Centre. Staff were invited to attend a number of accessibility workshops, and this was followed by a keynote session led by Simon Sung, President and CEO of Samsung Electronics Europe, and Jinsoo Kim, Head of the Samsung Accessibility Committee, who shared the company’s accessibility strategy and vision for inclusive innovation.
     
    A recent study by Samsung UK and OnePoll revealed that over two-thirds (68%) of UK adults with disabilities feel excluded from products and services due to accessibility issues, highlighting a significant gap in mainstream brands’ efforts to cater to diverse needs. 80% of respondents believe brands are missing out by neglecting inclusive design, while 72% have abandoned purchases due to inaccessible design.
     
    Speaking on this week’s activity of events, Charlotte Grant, Head of People Experience, Samsung UK, said: “At Samsung, we are proud of our ongoing commitment to increasing the accessibility of experiences through our innovation and we were delighted to partner with GN and Ampetronic to showcase Auracast at St Paul’s Cathedral. It was fantastic to take people through a innovative experience with inclusive technology  and a great way to end our Accessibility Festival Week in the UK. We are committed to directly involving our customers and employees in our decision-making by taking on their feedback to improve our products and services, and help support our mission to inspire a culture of inclusive design across our organisation, into our products and beyond.”
     
    To read more about Samsung’s commitment to accessibility, please visit: Accessibility | Samsung UK
     
    About GN 
     
    GN brings people closer through our leading intelligent hearing, audio, video, and gaming solutions. Inspired by people and driven by innovation, we deliver technologies that enhance the senses of hearing and sight. We help people with hearing loss overcome real-life challenges, improve communication and collaboration for businesses, and provide great experiences for audio and gaming enthusiasts.
     
    GN was founded more than 150 years ago with a vision to connect the world. Today, inspired by our strong heritage, GN touches more lives than ever with our unique expertise and the broadest portfolio of products and services in our history – bringing people closer to what is important to them.
    We market our solutions with the brands Jabra, ReSound, SteelSeries, Beltone, Interton, BlueParrott, Danavox, and FalCom in 100 countries. Founded in 1869, GN Group employs more than 7,000 people and is listed on Nasdaq Copenhagen (GN.CO).
     
    Visit GN.com and connect with us on LinkedIn, Facebook and  X.

    MIL OSI Economics –

  • MIL-OSI Russia: 50 Afghan citizens return home after being released from Pakistani prisons

    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

    KABUL, May 15 (Xinhua) — A total of 50 Afghan nationals released from Pakistani jails returned to their homeland on Wednesday, state-run Radio Television of Afghanistan (RTA) reported on Thursday.

    All returnees will be sent to their home provinces after receiving necessary assistance at the checkpoint.

    Over the past couple of weeks, nearly 400 Afghan citizens have been released from Pakistani prisons and returned home.

    Meanwhile, a total of 3,465 Afghan refugee families, comprising 16,376 members, have returned home from Pakistan and Iran over the past week. –0–

    MIL OSI Russia News –

  • MIL-OSI: Best Automatic Blinds (2025): SelectBlinds Smart Window Treatments Awarded by Software Experts

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK CITY, May 15, 2025 (GLOBE NEWSWIRE) — Software Experts has recognized SelectBlinds’ automatic blinds as a leading smart window treatment solution for 2025. This highlights SelectBlinds as one of the leaders in combining home automation with functional and stylish window solutions.

    Best Automatic Blinds

    • SelectBlinds – an online retailer offering customizable, DIY-friendly window treatments including blinds, shades, and curtains.

    SelectBlinds, a direct-to-consumer window treatment brand, has steadily expanded its portfolio to meet the growing demand for connected home products. Its automatic blinds are known for their blend of motorized convenience, customizable options, and compatibility with smart home ecosystems. As consumers continue to look for integrated solutions for comfort, energy efficiency, and privacy, smart blinds are gaining traction as a key component in modern home design.

    Software Experts’ recognition was based on several criteria, including automation capabilities, user interface design, installation accessibility, energy efficiency, and system compatibility. SelectBlinds’ automatic window solutions performed well across all categories, offering a range of motorized products that can be controlled via remote, smartphone, or smart home platforms such as Amazon Alexa, Google Assistant, and Apple HomeKit.

    One of the notable features of SelectBlinds’ smart window treatments is the user-friendly customization process. Customers can select from a wide array of styles, fabrics, and lift systems, including rechargeable motors that do not require hardwiring. This accessibility makes the company’s products suitable for both homeowners and renters, an important factor as automation becomes more mainstream beyond luxury home markets.

    An increase in demand for smart blinds is due to the rising popularity of home automation and energy management technology. Automated window treatments can help regulate indoor temperatures by responding to preset schedules or environmental triggers such as sunlight, contributing to lower heating and cooling costs. For consumers who want to make their homes more energy-efficient, SelectBlinds’ solutions offer a practical start into smart home living.

    Founded in 2003, SelectBlinds has grown from a startup into a recognized leader in window treatment. The company operates entirely online, allowing it to offer made-to-order products without the markups associated with traditional retailers. Over the years, it has introduced innovations such as no-drill blinds and sustainable materials.

    Its smart blinds build on this legacy, shifting toward more intuitive and automated living spaces. As remote work, urban living, and smart home adoption continue to change consumer preferences, products like SelectBlinds’ automatic shades provide practical benefits ranging from hands-free operation to enhanced light control for home offices and entertainment areas.

    Software Experts also took note of SelectBlinds’ focus on customer empowerment through self-guided measuring and installation tools. By simplifying the traditionally complex process of ordering custom window treatments, the company makes the entire process beginner-friendly for consumers interested in smart home upgrades.

    As smart home products continue to become popular, window automation is no longer a niche luxury but an expected feature of well-integrated living environments. SelectBlinds’ automatic blinds represent a balance between technology and usability, offering functionality that supports energy goals, daily routines, and personalized comfort.

    With this recognition, Software Experts underscores the importance of smart blinds in smart home ecosystems and highlights SelectBlinds as a key contributor to this evolution. As interest in connected living continues to rise, solutions like these play an important role in how consumers experience and manage their homes.

    To browse SelectBlinds’ selection of automatic blinds and other window solutions, click here. For a more detailed review, please visit the Software Experts website.

    About SelectBlinds

    SelectBlinds is a U.S.-based online retailer specializing in custom window coverings, including blinds, shades, curtains, and drapes. Founded in 2003, the company has grown to become one of the most reviewed online window treatment providers in the country, with over 300,000 customer reviews. Headquartered in Chandler, Arizona, SelectBlinds offers a wide range of products designed for DIY installation, catering to customers looking for both style and functionality in their home decor. Focusing on innovation and user-friendly designs, SelectBlinds continues to be one of the leaders in online home improvement retail.

    About Software Experts: Software Experts provides news and reviews of consumer products and services. As an affiliate, Software Experts may earn commissions from sales generated using links provided. 

    The MIL Network –

  • MIL-OSI United Kingdom: By-election to take place in the Fountainbridge/Craiglockhart ward in June

    Source: Scotland – City of Edinburgh

    A by-election will be held in the Fountainbridge/Craiglockhart ward following the sad passing of Councillor Val Walker last month.

    Residents will go to the polls on Thursday 26 June 2025 to elect one new councillor to represent the ward. The current electorate is 18,563. 

    Tomorrow, on Friday 16 May, the formal Notice of Election will be published, and the Election Timetable, Election Notices and Nomination Papers will all be accessible on the Council website.

    Returning Officer for Edinburgh, Paul Lawrence said:

    I want to reiterate my condolences to Councillor Walker’s family, friends, and colleagues. The tributes we saw last week at the Council meeting shows the esteem in which she was held across all sides of the Chamber, and she will be sorely missed.

    Her passing has resulted in the vacancy for the Fountainbridge/Craiglockhart ward. I’d urge all residents in the ward to make sure they are registered and have their details or preference of how they would like to vote up to date in plenty of time.

    Details on how to register, where to vote or how to vote by post can be found on the Council website.

    Nomination papers can be submitted from 10am on Monday 19 May until 4pm on Friday 23 May to the Returning Officer in the City Chambers. 

    Candidates will be confirmed when nominations close at 4pm on Friday 23 May.

    Polling stations will be open from 7am to 10pm on Thursday 26 June.

    The election will use the Single Transferable Vote (STV) system where voters can rank candidates in order of preference rather than using a single cross. Voters can give a rank to as many or as few candidates as they like.

    The deadline to register to vote in this by-election is midnight on Tuesday June 10. For new postal vote applications, it’s 5pm on Wednesday June 11 and for new proxy votes its 5pm on Wednesday June 18.

    Find out more about elections in Edinburgh and how to register to vote on the Council website.

    Published: May 15th 2025

    MIL OSI United Kingdom –

  • MIL-OSI Economics: Auracast Transforms Cathedral Acoustics With Unmatched Audio Clarity

    Source: Samsung

    Samsung Electronics is bringing people together through sound. The company will showcase the capabilities of Auracast technology by partnering with hearing-aid provider GN on a groundbreaking event at St. Paul’s Cathedral in London on May 16 to mark Global Accessibility Awareness Day (GAAD). Attendees wearing Galaxy Buds3 Pro or GN hearing aids will utilize Auracast, which allows a single audio source to broadcast to multiple receivers simultaneously and embark on a unique journey of shared listening.
    What’s Happening
    Attendees will experience the famous London cathedral through a guided tour and choral performances. Auracast microphones and transmitters will broadcast audio directly into participants’ Galaxy Buds3 Pro or GN hearing aids, decreasing background noise to enhance clarity. A select group was given the opportunity to discover the potential of Auracast – at a pilot event on May 1.
    “The Auracast experience with the tour guide was amazing,” said one participant. “Ordinarily I wouldn’t be able to join in with the tour because I would be unable to hear properly, but today it was completely different. This technology allowed me to hear everything so clearly so I didn’t miss a word.”

    Auracast and LE Audio
    What is LE Audio?1 Introduced in 2022 by the Bluetooth Special Interest Group, Low Energy (LE) Audio is an updated standard for Bluetooth technology. It enables more power-efficient and higher-quality wireless transmission of audio from a broadcasting device to a receiver such as from a smartphone to earbuds.
    Samsung has led efforts to increase LE Audio compatibility for mobile devices and hearing aids. Since 2022, the company has been pushing for the expansion of LE Audio, introducing 360 Audio Recording2 and adopting Auracast through the Buds2 Pro software update.
    What is Auracast? Auracast3 is a feature of LE Audio that allows broadcasting from a compatible audio source4 to multiple supported audio receivers5,6, including earbuds and hearing aids. Think of it as turning your phone into a radio station.

    Benefits of Auracast
    Shared Audio Experiences: As Auracast enables simultaneous audio streaming to multiple devices, listeners can enjoy a unified and enriched experience whether using ear buds or a compatible hearing aid. This represents a significant leap from traditional Bluetooth technology, which allows only one device to pair with an audio source.
    Seamless Audio Handoff: When moving from your smartphone to TV, or from public to private spaces, sound stays with you —as you don’t have to manually pair your device to each new audio source.
    Audio Clarity Anywhere: Auracast reduces background noise as audio is directly broadcast into your ears, providing a clearer sound experience. This is particularly beneficial in venues with loud echoes such as cathedrals and museums.
    Personalized Sound: Whether in a museum, a stadium, an airport or at home, Auracast allows you to tailor audio settings to your preferences. This customization ensures that users with varying hearing abilities can enjoy optimal clarity.
    Experience the benefits of Auracast with Galaxy Buds3 Pro
    The Big Picture
    Commitment to Accessibility: Samsung’s mission to redefine hearing accessibility has led to an unprecedented collaboration between mobile technology and hearing-aid innovation. With Auracast, Samsung bridges the gap between consumer audio and compatible hearing devices, crafting a seamless, intelligent and connected listening experience.
    1 Available on devices with Bluetooth 5.2 and above that support Auracast.
    2 360 Audio Recording is available on Galaxy Buds paired with a Galaxy smartphone running One UI 5.0 or above with LE Audio support, including the Galaxy S25 series, Z Fold6 and Z Flip6 and upcoming Galaxy smartphones. Requires installation of the latest software versions of the Galaxy smartphone and Galaxy Buds devices. To activate the feature, go to the Samsung Camera app > select Video mode and then tap Camera settings > tap Advanced video options > turn on 360 Audio Recording.
    3 The quality of the Auracast audio stream may vary depending on the application, network connection and other factors.
    4 Auracast Transmitter supported devices : Samsung Galaxy smartphones, tablets with Samsung One UI version 6.1 or later, and select TV models. Supported Galaxy smartphone and tablet models include: S25, S25+, S25 Ultra, S24, S24+, S24 Ultra, S24 FE, S23 (except FE edition), S23+, S23 Ultra, Galaxy Z Flip6, Galaxy Z Fold6, Galaxy Z Flip5, Galaxy Z Fold5, A56, Tab S10+, Tab S10 Ultra, Tab S9+, Tab S9, Tab S9 Ultra. Supported TV models include: 2025 Neo QLED 8K QN990F, QN950F, QN900F, 2024 NeoQLED 8K QND800, QND850, QND900, 2024 MICRO LED models, 2023 Neo QLED 8K QNC 800, QNC900 and 2023 MICRO LED models.
    5 Auracast Assistant supported devices : Samsung Galaxy smartphones, tablets with Samsung One UI version 6.1 or later
    Supported Galaxy smartphone and tablet models include: S25, S25+, S25 Ultra, S24, S24+, S24 Ultra, S24 FE, S23, S23+, S23 Ultra, S23FE, Z Fold6, Z Flip6, Z Fold5, Z Flip5, Z Fold4, Z Flip4, A56, A55, A54, A36, XCover7 Pro,
    Tab S10+, Tab S10 Ultra, Tab Active5 Pro, TabS10 FE, Tab S10 FE+, Tab S9, Tab S9+, Tab S9 Ultra, Tab S9 FE
    6 Auracast Receiver supported devices : Galaxy Buds3, Buds3 Pro, Buds2 Pro

    MIL OSI Economics –

  • MIL-OSI China: Beijing to launch activities for China Tourism Day

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

    As the 15th China Tourism Day approaches on May 19, Beijing will roll out a variety of cultural tourism activities, offering promotional packages and discounts across the city.

    The celebrations will feature a city-level main event and supporting activities held throughout May across 16 districts. The main event will take place from 10 a.m. to 3 p.m. on May 19 at the World Flower Wonderland Park in Fengtai district.

    At the municipal event, over 100 new cultural tourism products will debut, including first stores, new policies, travel routes, cultural creative products, and more. The event will also feature interactive product promotions, opera and musical performances, and a cultural tourism market. Visitors can enjoy lucky draws and discounts on popular products offered by leading cultural and tourism enterprises.

    Seven themed zones will be set up at the tourism market, covering vacation experiences, tech showcases, gourmet tastings, cultural products, performances, and consulting services. More than 100 agriculture, culture, and tourism enterprises will set up shops and offer products and services.

    Across the city, more than 500 tourism discount offers will be introduced. In Mentougou district. eligible visitors can buy combo tickets for some scenic spots at half price. Over 80 selected homestays will offer 20% to 30% discounts. Pinggu district will issue consumer vouchers usable at designated attractions. Beijing Wildlife Park and Shijingshan Amusement Park will offer seasonal discount packages.

    Other initiatives will include 2,000 meal and lodging vouchers for businesses in Fangshan district, discounted stays in rural homestays in Miyun district, a free concert at Shunyi Grand Theater, and a public performance at Yanqi Lake in Huairou district.

    MIL OSI China News –