Category: Entertainment

MIL-OSI: Siebert Financial Appoints Industry Veteran Fredrick Scuteri as Chief Operating Officer of its Broker-Dealer Subsidiary

Source: GlobeNewswire (MIL-OSI)

NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Siebert Financial Corp. (NASDAQ: SIEB), announced the appointment of Fredrick Scuteri as Chief Operating Officer of its broker-dealer subsidiary Muriel Siebert & Co., LLC. In this role, Scuteri will oversee day-to-day operational functions, trading infrastructure, and platform modernization efforts as the firm continues to scale its brokerage services.

Scuteri brings nearly three decades of experience across institutional trading, asset management, and broker-dealer operations. Prior to joining Siebert, he served as Chief Operating Officer of DriveWealth Institutional, following the firm’s acquisition of Cuttone & Co. He also held the role of Vice President and Head of Trading Operations and Treasury at AQR Capital Management, where he led operations team proving global, multi-asset class coverage for over 250 trading accounts.

“Siebert Financial has a legacy of resilience and reinvention,” said Scuteri. “I look forward to building on that foundation by bringing scalable, tech-forward solutions to our operations. My focus will be on streamlining workflows, increasing transparency, and applying automation and AI to help future-proof the business, without compromising the firm’s commitment to client service and regulatory excellence.”

Under Scuteri’s leadership, Siebert will expand its operational capabilities and continue investing in infrastructure to support growth across institutional and retail channels.

“Fred brings both depth and range to this role,” said John J. Gebbia, CEO of Siebert Financial. “He understands the intricacies of capital markets and, more importantly, he knows how to execute. His ability to turn complexity into clarity is exactly what we need at this stage for the growth of Siebert.”

“Having someone with Fred’s operational rigor and fintech expertise is a significant advantage,” added John M. Gebbia, Principal at Siebert Financial. “He’s already thinking several steps ahead, whether it’s about optimizing capital, improving workflows integrating AI-automation, or preparing our systems for scale. We’re excited to have him on board.”

Scuteri is a FINRA-registered Financial Operations Principal (Series 27) with degrees in Finance, an MBA from St. John’s University, and, lately, certifications in Generative AI and Advanced Prompt Engineering from Vanderbilt University.

About Siebert Financial Corp.
Siebert is a diversified financial services company and has been a member of the NYSE since 1967 when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms.

Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, and StockCross Digital Solutions, Ltd, and Gebbia Media LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions, in addition to entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com.

Cautionary Note Regarding Forward-Looking Statements
The statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by, or that include the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend” and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements.

These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of the management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert’s business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A – Risk Factors of Siebert’s Annual Report on Form 10-K for the year ended December 31, 2023, and Siebert’s filings with the SEC.

Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events, or otherwise, except to the extent required by the federal securities laws.

Media Contact
Deborah Kostroun, Zito Partners
deborah@zitopartners.com
+1 (201) 403-8185

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5ec79525-8910-4122-a10b-0e856542cab0

The MIL Network –

May 9, 2025

MIL-OSI: Live Ventures Reports Fiscal Second Quarter 2025 Financial Results

Source: GlobeNewswire (MIL-OSI)

LAS VEGAS, May 08, 2025 (GLOBE NEWSWIRE) — Live Ventures Incorporated (Nasdaq: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, today announced financial results for its fiscal second quarter 2025 ended March 31, 2025.

Fiscal Second Quarter 2025 Key Highlights:

Revenue was $107.0 million, compared to $118.6 million in the prior year period
Operating income increased $2.9 million to $2.1 million, compared to an operating loss of $0.8 million in the prior year period
Successfully negotiated a $19 million reduction on the balance owed under the Flooring Liquidators, Inc. (“Flooring Liquidators”) seller note, which, when including the cancellation of accrued interest and other items, resulted in a $22.8 million net gain for Live Ventures
Income before provision for income taxes was $21.1 million, compared to the prior year period loss before benefit from income taxes of $4.5 million. Income before provision for income taxes for the second quarter of 2025 includes the $22.8 million gain as described above
Adjusted EBITDA¹ increased $2.0 million to $6.4 million, compared to $4.5 million in the prior year period
Repurchased 31,323 shares of the Company’s common stock at an average price of $8.28 per share
Total assets of $393.6 million and stockholders’ equity of $88.9 million as of March 31, 2025
Approximately $26.6 million of cash and availability under the Company’s credit facilities as of March 31, 2025

“Continuing the trend from the first quarter of fiscal year 2025, our Retail-Entertainment and Steel Manufacturing segments delivered improved operating performance in the second quarter, with higher operating income and operating margin compared to the same period last year. At the same time, ongoing softness in the new home construction and home refurbishment markets continued to pressure our Retail-Flooring and Flooring Manufacturing segments, where reduced consumer demand impacted performance,” commented David Verret, Chief Financial Officer of Live Ventures.

“We are pleased with the operational improvements in our Retail-Entertainment and Steel Manufacturing segments during the first half of the year,” stated Jon Isaac, President and Chief Executive Officer of Live Ventures. “In response to our flooring businesses’ industry-specific challenges, we are implementing measures to enhance efficiency. In the second quarter, we initiated large cost-reduction initiatives in the Retail-Flooring segment, which have already resulted in significant savings. We remain focused on operational excellence and are confident in the long-term fundamentals of our businesses.”


Second Quarter FY 2025 Financial Summary (in thousands except per share amounts)
	For the three months ended March 31,
		2025		2024		% Change
Revenue	$	107,013	$	118,626		-9.8	%
Operating income (loss)	$	2,092	$	(838	)	N/A
Income (loss) before provision for income taxes	$	21,103	$	(4,498	)	N/A
Net income (loss)	$	15,866	$	(3,281	)	N/A
Diluted earnings (loss) per share	$	5.05	$	(1.04	)	N/A
Adjusted EBITDA¹	$	6,446	$	4,457		44.6	%

Revenue decreased approximately $11.6 million, or 9.8%, to approximately $107.0 million for the quarter ended March 31, 2025, compared to revenue of approximately $118.6 million in the prior year period. The decrease is attributable to the Retail-Flooring, Flooring Manufacturing, and Steel Manufacturing segments, which decreased by approximately $13.2 million in the aggregate.

Operating income increased approximately $2.9 million, to approximately $2.1 million for the quarter ended March 31, 2025, compared with an operating loss of approximately $0.8 million in the prior year period. Operating income increased primarily due to lower general and administrative expenses and sales and marketing expenses resulting from cost reduction initiatives at the Retail-Flooring segment and lower general and administrative expenses in the Corporate and Other segment.

For the quarter ended March 31, 2025, income before provision for income taxes was $21.1 million, compared to the prior year period loss before benefit from income taxes of $4.5 million. The increase in income before provision for income taxes is primarily attributable to a $22.8 million gain on a modification of the Flooring Liquidators seller note.

Adjusted EBITDA¹ for the quarter ended March 31, 2025 was approximately $6.4 million, an increase of approximately $2.0 million, or 44.6%, compared to the prior year period Adjusted EBITDA of $4.5 million. Adjusted EBITDA increased primarily due to lower operating expenses at the Retail-Flooring segment resulting from cost reduction initiatives.

As of March 31, 2025, the Company had total cash availability of $26.6 million, consisting of cash on hand of $6.9 million and availability under its various lines of credit of $19.7 million.

Second Quarter FY 2025 Segment Results (in thousands)

	For the three months ended March 31,
		2025			2024		% Change
Revenue
Retail – Entertainment	$	18,467		$	16,842		9.6	%
Retail – Flooring		27,399			32,032		-14.5	%
Flooring Manufacturing		29,820			34,180		-12.8	%
Steel Manufacturing		31,321			35,488		-11.7	%
Corporate & Other		6			84		-92.9	%
Total Revenue	$	107,013		$	118,626		-9.8	%

	For the three months ended March 31,
		2025			2024		% Change
Operating Income (loss)
Retail – Entertainment	$	2,498		$	1,784		40.0	%
Retail – Flooring		(2,741	)		(3,023	)	9.3	%
Flooring Manufacturing		1,483			1,978		-25.0	%
Steel Manufacturing		2,196			872		151.8	%
Corporate & Other		(1,344	)		(2,449	)	45.2	%
Total Operating Income	$	2,092		$	(838	)	N/A

	For the three months ended March 31,
		2025			2024		% Change
Adjusted EBITDA¹
Retail – Entertainment	$	2,755		$	2,153		28.0	%
Retail – Flooring		(1,778	)		(1,849	)	3.8	%
Flooring Manufacturing		2,272			2,897		-21.6	%
Steel Manufacturing		3,742			2,331		60.5	%
Corporate & Other		(545	)		(1,075	)	49.3	%
Total Adjusted EBITDA¹	$	6,446		$	4,457		44.6	%

Adjusted EBITDA¹ as a percentage of revenue
Retail – Entertainment		14.9	%		12.8	%
Retail – Flooring		-6.5	%		-5.8	%
Flooring Manufacturing		7.6	%		8.5	%
Steel Manufacturing		11.9	%		6.6	%
Corporate & Other	N/A			N/A
Total Adjusted EBITDA¹		6.0	%		3.8	%
as a percentage of revenue

Retail – Entertainment

The Retail-Entertainment segment revenue for the quarter ended March 31, 2025 was approximately $18.5 million, an increase of approximately $1.6 million, or 9.6%, compared to prior year period revenue of approximately $16.8 million. Revenue increased primarily due to changes in product mix toward new products, which generally have higher selling prices. Gross margin increased to 59.1% for the quarter ended March 31, 2025, compared to 58.4% for the prior year period. The change in product mix contributed to the increase in gross margin. Operating income for the quarter ended March 31, 2025 was approximately $2.5 million, compared to operating income of approximately $1.8 million for the prior year period.

Retail – Flooring

The Retail-Flooring segment revenue for the quarter ended March 31, 2025 was approximately $27.4 million, a decrease of approximately $4.6 million, or 14.5%, compared to the prior year period revenue of approximately $32.0 million. The decrease in revenue was primarily attributable to the disposition of certain Johnson Floor & Home Carpet One stores in May 2024. Gross margin for the quarter ended March 31, 2025 was 34.4%, compared to 36.5% for the prior year period. The decrease in gross margin was primarily driven by a change in product mix. Operating loss for the quarter ended March 31, 2025 was approximately $2.7 million, compared to an operating loss of approximately $3.0 million for the prior year period.

Flooring Manufacturing

The Flooring Manufacturing segment revenue for the quarter ended March 31, 2025 was approximately $29.8 million, a decrease of approximately $4.4 million, or 12.8%, compared to prior year period revenue of approximately $34.2 million. The decrease in revenue was primarily due to reduced consumer demand, as a result of the ongoing weakness in the housing market and uncertainty about the current economic outlook. Gross margin was 27.5% for the quarter ended March 31, 2025, compared to 25.6% for the prior year period. The increase in gross margin was primarily due to changes in product mix. Operating income for the quarter ended March 31, 2025 was approximately $1.5 million, compared to approximately $2.0 million in the prior year period.

Steel Manufacturing

The Steel Manufacturing segment revenue for the quarter ended March 31, 2025 was approximately $31.3 million, a decrease of approximately $4.2 million, or 11.7%, compared to prior year period revenue of approximately $35.5 million. The decline was primarily driven by lower sales volumes at certain business units, partially offset by incremental revenue of $3.8 million at Central Steel Fabricators, LLC (“Central Steel”), which was acquired in May 2024. Gross margin was 21.2% for the quarter ended March 31, 2025, compared to 14.3% for the prior year period. The increase in gross margin was primarily due to strategic price increases as well as the acquisition of Central Steel. Operating income for the quarter ended March 31, 2025 was approximately $2.2 million, compared to approximately $0.9 million in the prior year period.

Corporate and Other

The Corporate and Other segment operating loss was approximately $1.3 million and $2.4 million for the quarters ended March 31, 2025 and 2024, respectively.

Six Months FY 2025 Financial Summary (in thousands except per share amounts)
	For the six months ended March 31,
		2025		2024		% Change
Revenue	$	218,521	$	236,219		-7.5	%
Operating income	$	2,854	$	2,703		5.6	%
Income (loss) before provision for income taxes	$	21,676	$	(5,404	)	N/A
Net income (loss)	$	16,358	$	(3,963	)	N/A
Diluted earnings (loss) per share	$	5.20	$	(1.25	)	N/A
Adjusted EBITDA¹	$	12,191	$	13,153		-7.3	%

Revenue decreased approximately $17.7 million, or 7.5%, to approximately $218.5 million for the six months ended March 31, 2025, compared to revenue of approximately $236.2 million in the prior year period. The decrease is attributable to the Flooring Manufacturing, Retail-Flooring, and Steel Manufacturing segments, which decreased by approximately $20.0 million in the aggregate.

Operating income increased approximately 5.6% to approximately $2.9 million for the six months ended March 31, 2025, compared with operating income of approximately $2.7 million in the prior year period. The increase in operating income is primarily attributable to lower sales and marketing expenses in the Retail-Flooring segment and lower general and administrative expenses in the Corporate and Other segment.

For the six months ended March 31, 2025, income before provision for income taxes was approximately $21.7 million, compared with a loss before benefit from income taxes of approximately $5.4 million. The increase in income before provision for income taxes is primarily attributable to the $22.8 million gain on the modification of the Flooring Liquidators seller note and the $2.8 million gain on the settlement of the earnout liability related to the Precision Metal Works, Inc. (“PMW”) acquisition and a $0.7 million gain on the settlement of the PMW seller notes, both in the first quarter of fiscal year 2025.

Adjusted EBITDA¹ for the six months ended March 31, 2025 was approximately $12.2 million, a decrease of approximately $1.0 million, or 7.3%, compared to the prior year period Adjusted EBITDA of $13.2 million. The decrease in adjusted EBITDA is primarily due to a decrease in gross profit.

Six Months FY 2025 Segment Results (in thousands)

	For the six months ended March 31,
		2025			2024		% Change
Revenue
Retail – Entertainment	$	39,740		$	37,428		6.2	%
Retail – Flooring		59,146			66,351		-10.9	%
Flooring Manufacturing		55,815			63,425		-12.0	%
Steel Manufacturing		63,757			68,841		-7.4	%
Corporate & Other		63			174		-63.8	%
Total Revenue	$	218,521		$	236,219		-7.5	%

	For the six months ended March 31,
		2025			2024		% Change
Operating Income (loss)
Retail – Entertainment	$	5,905		$	4,973		18.7	%
Retail – Flooring		(4,914	)		(2,935	)	-67.4	%
Flooring Manufacturing		1,401			2,923		-52.1	%
Steel Manufacturing		3,362			1,855		81.2	%
Corporate & Other		(2,900	)		(4,113	)	29.5	%
Total Operating Income	$	2,854		$	2,703		5.6	%

	For the six months ended March 31,
		2025			2024		% Change
Adjusted EBITDA¹
Retail – Entertainment	$	6,565		$	5,867		11.9	%
Retail – Flooring		(2,749	)		(546	)	N/A
Flooring Manufacturing		3,023			4,774		-36.7	%
Steel Manufacturing		6,543			5,133		27.5	%
Corporate & Other		(1,191	)		(2,075	)	42.6	%
Total Adjusted EBITDA¹	$	12,191		$	13,153		-7.3	%

Adjusted EBITDA¹ as a percentage of revenue
Retail – Entertainment		16.5	%		15.7	%
Retail – Flooring		-4.6	%		-0.8	%
Flooring Manufacturing		5.4	%		7.5	%
Steel Manufacturing		10.3	%		7.5	%
Corporate & Other	N/A			N/A
Total Adjusted EBITDA¹		5.6	%		5.6	%
as a percentage of revenue

Retail – Entertainment

The Retail-Entertainment segment revenue for the six months ended March 31, 2025 was approximately $39.7 million, an increase of approximately $2.3 million, or 6.2%, compared to prior year period revenue of approximately $37.4 million. Revenue increased primarily due to changes in product mix toward new products, which generally have higher selling prices. Gross margin increased to 57.8% for the six months ended March 31, 2025, compared to 57.1% for the prior year period. The change in product mix contributed to the increase in gross margin. Operating income for the six months ended March 31, 2025 was approximately $5.9 million, compared to operating income of approximately $5.0 million for the prior year period.

Retail – Flooring

The Retail-Flooring segment revenue for the six months ended March 31, 2025 was approximately $59.1 million, a decrease of approximately $7.2 million, or 10.9%, compared to the prior year period revenue of approximately $66.4 million. The decrease was primarily attributable to the disposition of certain Johnson Floor & Home Carpet One stores in May 2024. Gross margin for the six months ended March 31, 2025 was 35.9%, compared to 37.3% for the prior year period. The decrease in gross margin was primarily driven by a change in product mix. Operating loss for the six months ended March 31, 2025 was approximately $4.9 million, compared to an operating loss of approximately $2.9 million for the prior year period. The increase in operating loss was primarily due to the decrease in revenues and gross margin, partially offset by cost reduction initiatives implemented during the second quarter of fiscal 2025.

Flooring Manufacturing

The Flooring Manufacturing segment revenue for the six months ended March 31, 2025 was approximately $55.8 million, a decrease of approximately $7.6 million, or 12.0%, compared to prior year period revenue of approximately $63.4 million. The decrease in revenue was primarily due to reduced consumer demand as a result of the ongoing weakness in the housing market and uncertainty about the current economic outlook. Gross margin was 24.6% for the six months ended March 31, 2025, compared to 23.9% for the prior year period. The increase in gross margin was primarily due to changes in product mix. Operating income for the six months ended March 31, 2025 was approximately $1.4 million, compared to operating income of approximately $2.9 million for the prior year period.

Steel Manufacturing

The Steel Manufacturing segment revenue for the six months ended March 31, 2025 was approximately $63.8 million, a decrease of approximately $5.0 million or 7.4%, compared to prior year period revenue of approximately $68.8 million. The decline was primarily driven by lower sales volumes at certain business units partially offset by incremental revenue of $6.9 million at Central Steel, which was acquired in May 2024. Gross margin was 19.7% for the six months ended March 31, 2025, compared to 15.0% for the prior year period. The increase in gross margin was primarily due to strategic price increases, as well as the acquisition of Central Steel. Operating income for the six months ended March 31, 2025 was approximately $3.4 million, compared to operating income of approximately $1.9 million in the prior year period.

Corporate and Other

The Corporate and Other segment operating loss was approximately $2.9 million and $4.1 million for the six months ended March 31, 2025 and 2024, respectively.

Non-GAAP Financial Information

Adjusted EBITDA

We evaluate the performance of our operations based on financial measures, such as “Adjusted EBITDA,” which is a non-GAAP financial measure. We define Adjusted EBITDA as net income (loss) before interest expense, interest income, income taxes, depreciation, amortization, stock-based compensation, and other non-cash or nonrecurring charges. We believe that Adjusted EBITDA is an important indicator of the operational strength and performance of the business, including the business’s ability to fund acquisitions and other capital expenditures and to service its debt. Additionally, this measure is used by management to evaluate operating results and perform analytical comparisons and identify strategies to improve performance. Adjusted EBITDA is also a measure that is customarily used by financial analysts to evaluate a company’s financial performance, subject to certain adjustments. Adjusted EBITDA does not represent cash flows from operations, as defined by generally accepted accounting principles (“GAAP”), should not be construed as an alternative to net income or loss, and is indicative neither of our results of operations, nor of cash flow available to fund our cash needs. It is, however, a measurement that the Company believes is useful to investors in analyzing its operating performance. Accordingly, Adjusted EBITDA should be considered in addition to, but not as a substitute for, net income, cash flow provided by operating activities, and other measures of financial performance prepared in accordance with GAAP. As companies often define non-GAAP financial measures differently, Adjusted EBITDA, as calculated by Live Ventures Incorporated, should not be compared to any similarly titled measures reported by other companies.

Forward-Looking and Cautionary Statements

The use of the word “Company” refers to Live Ventures and its wholly owned subsidiaries. Certain statements in this press release contain or may suggest “forward-looking” information within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, each as amended, that are intended to be covered by the “safe harbor” created by those sections. Words such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements are intended to identify forward-looking statements. Live Ventures may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 10-K and 10-Q, Current Reports on Form 8-K, in its annual report to stockholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including, but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance. The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2024. Additionally, new risk factors emerge from time to time, and it is not possible for us to predict all such risk factors, or to assess the impact such risk factors might have on our business. Live Ventures undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

About Live Ventures Incorporated

Live Ventures is a diversified holding company with a strategic focus on value-oriented acquisitions of domestic middle-market companies. Live Ventures’ acquisition strategy is sector-agnostic and focuses on well-run, closely held businesses with a demonstrated track record of earnings growth and cash flow generation. The Company looks for opportunities to partner with management teams of its acquired businesses to build increased stockholder value through a disciplined buy-build-hold long-term focused strategy. Live Ventures was founded in 1968. In late 2011, Jon Isaac, Chief Executive Officer and strategic investor, joined the Company’s Board of Directors and later refocused it into a diversified holding company. The Company’s current portfolio of diversified operating subsidiaries includes companies in the textile, flooring, tools, steel, and entertainment industries.

Contact:
Live Ventures Incorporated
Greg Powell, Director of Investor Relations
725.500.5597
gpowell@liveventures.com
www.liveventures.com

Source: Live Ventures Incorporated


CONSOLIDATED BALANCE SHEETS (UNAUDITED) (dollars in thousands, except per share amounts)

	March 31, 2025			September 30, 2024
	(Unaudited)
Assets
Cash	$	6,931		$	4,601
Trade receivables, net of allowance for doubtful accounts of $2.1 million at March 31, 2025 and $1.5 million at September 30, 2024		41,205			46,861
Inventories, net		122,304			126,350
Prepaid expenses and other current assets		3,754			4,123
Total current assets		174,194			181,935
Property and equipment, net		80,540			82,869
Right of use asset – operating leases		53,547			55,701
Deposits and other assets		1,557			787
Intangible assets, net		22,591			25,103
Goodwill		61,152			61,152
Total assets	$	393,581		$	407,547
Liabilities and Stockholders’ Equity
Liabilities:
Accounts payable	$	28,368		$	31,002
Accrued liabilities		31,164			31,740
Income taxes payable		211			948
Current portion of lease obligations – operating leases		13,203			12,885
Current portion of lease obligations – finance leases		553			368
Current portion of long-term debt		41,423			43,816
Current portion of notes payable related parties		10,070			6,400
Current portion of seller notes – related parties		—			2,500
Total current liabilities		124,992			129,659
Long-term debt, net of current portion		53,687			54,994
Lease obligation long term – operating leases		44,942			50,111
Lease obligation long term – finance leases		42,236			41,677
Notes payable related parties, net of current portion		6,894			4,934
Seller notes – related parties		18,143			40,361
Deferred tax liability		10,607			6,267
Other non-current obligations		3,149			6,655
Total liabilities		304,650			334,658
Commitments and contingencies
Stockholders’ equity:
Series E convertible preferred stock, $0.001 par value, 200,000 shares authorized, 47,840 shares issued and outstanding at March 31, 2025 and September 30, 2024, with a liquidation preference of $0.30 per share outstanding		—			—
Common stock, $0.001 par value, 10,000,000 shares authorized, 3,084,351 and 3,131,360 shares issued and outstanding at March 31, 2025 and September 30, 2024, respectively		2			2
Paid in capital		69,792			69,692
Treasury stock common 741,696 and 694,687 shares as of March 31, 2025 and September 30, 2024, respectively		(9,488	)		(9,072	)
Treasury stock Series E preferred 80,000 shares as of March 31, 2025 and September 30, 2024		(7	)		(7	)
Retained earnings		28,632			12,274
Total stockholders’ equity		88,931			72,889
Total liabilities and stockholders’ equity	$	393,581		$	407,547


LIVE VENTURES, INCORPORATED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (dollars in thousands, except per share)

	For the Three Months Ended March 31,						For the Six Months Ended March 31,
		2025			2024			2025			2024
Revenue	$	107,013		$	118,626		$	218,521		$	236,219
Cost of revenue		71,865			83,159			148,011			164,425
Gross profit		35,148			35,467			70,510			71,794

Operating expenses:
General and administrative expenses		28,321			29,824			58,392			57,503
Sales and marketing expenses		4,735			6,481			9,264			11,588
Total operating expenses		33,056			36,305			67,656			69,091
Operating income (loss)		2,092			(838	)		2,854			2,703
Other expense:
Interest expense, net		(3,933	)		(4,167	)		(8,095	)		(8,330	)
Gain on extinguishment of debt		—			—			713			—
Gain on settlement of earnout liability		—			—			2,840			—
Gain on modification of seller note		22,784			—			22,784			—
Other income		160			507			580			223
Total other income (expense), net		19,011			(3,660	)		18,822			(8,107	)
Income (loss) before provision for income taxes		21,103			(4,498	)		21,676			(5,404	)
Provision for (benefit from) income taxes		5,237			(1,217	)		5,318			(1,441	)
Net income (loss)	$	15,866		$	(3,281	)	$	16,358		$	(3,963	)

Income (loss) per share:
Basic	$	5.10		$	(1.04	)	$	5.25		$	(1.25	)
Diluted	$	5.05		$	(1.04	)	$	5.20		$	(1.25	)

Weighted average common shares outstanding:
Basic		3,109,362			3,154,771			3,113,864			3,159,180
Diluted		3,138,717			3,154,771			3,143,219			3,159,180


LIVE VENTURES INCORPORATED NON-GAAP MEASURES RECONCILIATION

Adjusted EBITDA The following table provides a reconciliation of Net (loss) income to total Adjusted EBITDA¹ for the periods indicated (dollars in thousands):

	For the Three Months Ended						For the Six Months Ended
	March 31, 2025			March 31, 2024			March 31, 2025			March 31, 2024
Net income (loss)	$	15,866		$	(3,281	)	$	16,358		$	(3,963	)
Depreciation and amortization		4,401			4,188			8,816			8,483
Stock-based compensation		49			50			100			100
Interest expense, net		3,933			4,167			8,095			8,330
Income tax expense (benefit)		5,237			(1,217	)		5,318			(1,441	)
Gain on extinguishment of debt		—			—			(713	)		—
Gain on modification of seller note		(22,784	)		—			(22,784	)		—
Gain on settlement of earnout liability		—			—			(2,840	)		—
Acquisition costs		—			468			—			874
Debt acquisition costs		—			—			—			183
Other non-recurring charges		(256	)		82			(159	)		587
Adjusted EBITDA	$	6,446		$	4,457		$	12,191		$	13,153

¹ Adjusted EBITDA is a non-GAAP measure. A reconciliation of the non-GAAP measures is included below.

The MIL Network –

May 9, 2025

MIL-OSI United Kingdom: Month to go to Wolverhampton Pride 2025 – get your tickets now

Source: City of Wolverhampton

Wolverhampton Pride, with headline sponsors Wolverhampton Grand Theatre, returns to Market Square on Saturday 7 June, giving people plenty of time to buy their tickets and join in and celebrate the city’s LGBT+ community, inclusivity and diversity.

There are just 30 days to go until pop royalty Kimberly Wyatt and drag superstars Queenz headline an unforgettable day of live music, fierce fashion, and community celebration.

There’s also a showstopping line up including Taylor Swift tribute Lauren G, trans rap pioneer Nate Ethan, soulful singer songwriter Kyle Finn, local cabaret queen Miss Sundi, and a dazzling preview of Priscilla, Queen of the Desert from Bilston Operatic.

Councillor Chris Burden, the City of Wolverhampton Council’s Cabinet Member for City Development, Jobs and Skills said: “Wolverhampton Pride continues to be the festival for everyone that gets bigger every year and the excitement for this year is building.

“I’m looking forward to seeing the community come together in the Pride Parade before continuing the celebration in the Plaza. We can’t wait to see you there!”

Tickets cost £10 for adults, £5 concessions and £2.50 for under 12s. Children aged 2 and under are free. People can find out more information and purchase tickets at Wolverhampton Pride.

Applications to join the parade, which is once again sponsored by Enjoy Wolverhampton BID and last year saw 700 people turn Wolverhampton into a rainbow city, close tomorrow (Friday 9 May). Whether you’re joining solo, with friends, celebrating with family, or representing a group or organisation, everyone is welcome to show up, stand out, and spread the love! More information can be found at Parade.

Wolverhampton Pride 2025 is brought to you in partnership with the City of Wolverhampton Council, Wolverhampton Grand Theatre, Enjoy Wolverhampton, Gorgeous Radio, X2Y LGBT Youth, Wolverhampton LGBT+, The White Hart, Gorgeous Nightclub, Wolverhampton Homes and Arena Theatre.

All information is on Wolverhampton Pride’s website at Wolverhampton Pride or by following @pridewton on Facebook and Instagram.

MIL OSI United Kingdom –

May 9, 2025
MIL-OSI Russia: The government has approved a list of songs about the war that can be used free of charge during festive events

Translation. Region: Russian Federal

Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

The list of musical works about the feat of the Soviet people in the Great Patriotic War, which can be used free of charge during various festive events, includes 52 songs and the march “Farewell of Slavyanka”. The order approving this list was signed by Prime Minister Mikhail Mishustin.

The list includes the most popular and widely known songs about the war: “Victory Day”, “In the Frontline Forest”, “Katyusha”, “Cranes”, “Blue Scarf”, “On a Nameless Height”, “Song of War Correspondents” and others. They can be used free of charge during festive concerts, rallies and marches, memorial ceremonies, in television and radio programs on Victory Day, Defender of the Fatherland Day, as well as on days of military glory or memorable dates associated with the events of the Great Patriotic War.

The signed order is part of the work to implement the new norms of the federal law “On the perpetuation of the Victory of the Soviet people in the Great Patriotic War of 1941-1945”. They require the Government to create a publicly accessible list of musical works (with or without text) that were lawfully published before December 26, 1991, glorifying the people’s feat during the war.

The document will be published.

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

MIL OSI Russia News –

May 9, 2025
MIL-OSI: Advancements In Drone Technology Opening Up New Applications as Market Size Estimated to Reach $57 Billion by 2028

Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., May 08, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Drone services are progressively replacing legacy services in the commercial sector, such as aerial surveys, filmography, and search and rescue operations. They offer the advantages of prolonged operation, remote control by human operators, or autonomous functioning by onboard computers. The increasing adoption of drone services across various civil and commercial applications can be attributed to their extended endurance and cost-effectiveness. Furthermore, the integration of advanced technologies like artificial intelligence, IoT (Internet of Things), and cloud computing into drone services is expected to further boost their demand across various sectors. A report from MarketsAndMarkets said that the Global Drone Services Market Size is estimated to reach USD 57.8 billion by 2028, growing at a CAGR of 27.7% during the forecast period. The report continued: “The drone market size continues to expand as the drone services industry evolves, offering a diverse range of services for both remotely controlled and autonomously flown drones. This industry integrates software-controlled flight plans into drones’ embedded systems, making it a critical component in sectors like agriculture, insurance, construction, marine, aviation, oil & gas, mining, and infrastructure. The demand for these services, which includes tasks such as search and rescue, package delivery, industrial inspections, imaging, and healthcare supply distribution to remote areas, significantly contributes to the growing drone market size.”   Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Teledyne Technologies Incorporated (NYSE: TDY), ParaZero Technologies Ltd. (NASDAQ: PRZO), Safe Pro Group Inc. (NASDAQ: SPAI), Unusual Machines, Inc. (NYSE American: UMAC).

MarketsAndMarkets added: “In terms of market segmentation, drone services are categorized by the type of service provided, including platform services (further divided into flight piloting and operation, data analysis, and data processing), maintenance, repair, and operations (MRO), and simulation and training. The application-based segmentation encompasses inspection and monitoring, mapping and surveying, spraying and seeding, filming and photography, transport and delivery, as well as security, search, and rescue. The industry-based segmentation covers a wide spectrum of sectors, including construction and infrastructure, agriculture, utility, oil & gas, mining, defense and law enforcement, media and entertainment, scientific research, insurance, aviation, marine, healthcare and social assistance, and transportation, logistics, and warehousing. These industries rely heavily on drones for functions like inspection, monitoring, and photography, further driving the drone market size.”

ZenaTech (NASDAQ:ZENA) ZenaDrone Tests Proprietary Camera Enabling IQ Nano Drone Swarms for US Defense Applications and Blue UAS Submission – 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, announces that its subsidiary ZenaDrone is testing a new proprietary specialized camera that enables more efficient indoor applications such as inventory and security management, when utilizing IQ Nano drone swarms for commercial and US defense applications. The new camera prototype developed by its Taiwan component manufacturing subsidiary, Spider Vision Sensors, in collaboration with its certified electronics manufacturing partner, Suntek Global, will enable faster and more precise collection of data including multiple bar codes simultaneously scanned by multiple drones in a drone swarm. The company plans to apply for Blue UAS (Unmanned Aerial Systems) certification that lists and validates drones for military and government use.

“Our Spider Vision Sensors subsidiary in collaboration with Suntek Global, has helped us speed up development of customized and specialized cameras required for our innovative drone swarm applications for commercial and defense customers. This partnership will continue to be invaluable as we develop our NDAA-compliant supply chain and received Blue UAS certification which will allow military and federal agencies to directly purchase our drones.,” said CEO Shaun Passley, Ph.D.

Military and Defense departments use small autonomous indoor drones like the 10X10 inch IQ Nano for various applications such as inventory management, indoor building reconnaissance, search and rescue, training simulations, and explosives detection. ZenaDrone is also engaged in a paid trial which includes developing drone swarm applications for inventory management and security applications with a multinational auto parts manufacturer customer.

A drone swarm is a coordinated group of autonomous drones that communicate and work together using AI and real-time data sharing, to perform tasks collaboratively without direct human control. Drone swarms enhance efficiency, accuracy, automation, and performance compared to a single drone. Autonomous drones can rapidly scan thousands of bar codes or RFID tags per second with high accuracy, providing real-time visibility into inventory without disrupting workflows. A drone swarm can also cover more ground simultaneously, dramatically reducing inventory audit times and manual labour while providing near-total inventory visibility.

An AI drone swarm for indoor security and surveillance enhances coverage, response time, and efficiency by autonomously patrolling large areas, detecting threats, and providing real-time situational awareness. Unlike stationary cameras or human patrols, drone swarms can dynamically adapt to security breaches, track intruders, and coordinate movements to eliminate blind spots. AI-driven analytics enable them to identify anomalies, recognize faces, and detect unauthorized activity with high precision, reducing false alarms and improving security decision-making. Their autonomous nature minimizes human labor costs while ensuring 24/7 monitoring in complex environments like warehouses, data centers, or commercial facilities.

The ZenaDrone IQ Nano is available in 10×10 and 20×20-inch sizes, designed to perform regular and frequent inspections such as bar code or RFID scanning, facility maintenance inspections, security monitoring, 3D indoor mapping and other applications inside a warehouse, distribution, or plant facility. It is designed for autonomous use featuring integrated sensors, high-quality cameras, data collection and analysis including AI methodologies. Weighing 1.5kg and with a flight time of at least 20 minutes before utilizing the automatic battery recharging station, it is designed for hovering stability and safety with obstacle avoidance capabilities.   Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

In Additional ZENA News: ZenaTech’s (NASDAQ:ZENA) Expands Ireland Office Offering Drone as a Service (DaaS) Including Precision Agriculture to a European Market Growing at 28.6% Annually – 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, announces it will be expanding operations and opening a new, larger office and its European Headquarters in Dublin, Ireland. The new hub will facilitate the Company’s drone sales and DaaS drone services — including precision agriculture solutions — to a growing UK and European market. The Company anticipates the official grand opening during the summer of 2025.

Strategically located near Dublin Airport and accessible via all major motorways, the new office location will serve a growing customer base in Ireland and enable growth across Europe, catering to agriculture as well as construction, renewable energy — including wind and solar farms — golf courses, racecourses, and warehouse and logistics.

“Expanding our Dublin office and establishing a European HQ marks a new chapter in our strategy to scale our drones and DaaS offerings globally while servicing the fastest growing agricultural drone markets located in Europe. Our AI-powered drone solutions are designed to boost crop yields while reducing operational costs and provide smart, data-driven insights — empowering crop monitoring and health assessment, nutrient and resource optimization, and profitability,” said CEO Shaun Passley, Ph.D.

The European agricultural drone market was valued at approximately USD 4.6 billion in 2023 and is projected to reach USD 43.23 billion by 2032, growing at a compound annual growth rate (CAGR) of 28.58% according to Market Data Forecast . This growth is fueled by the adoption of drones for crop spraying, mapping, pest control, seeding, and remote sensing, which enhance productivity and resource efficiency in farming. Growth is also supported by favorable European government policies and a strong focus on sustainable farming practices.    Continued… Read this full release by visiting: https://www.zenatech.com/newsroom/

Other recent developments in the drone industry include:

Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE: TDY), has recently announced a number of upgrades to its Black Hornet® 4 Personal Reconnaissance System to further boost operational effectiveness for warfighters. The enhanced features are being showcased at the Special Operations Forces (SOF) Week annual conference at the Tampa Convention Center, May 6 to May 8.

In development over the past year, the series of improvements include a 50% increase in Black Hornet’s radio communications range from two to three kilometers (in optimal conditions). The BH4’s new Android tablet, part of the ground control station, now has up to twice the battery life, plus a battery heater for charging in cold temperatures. The new tablet also features improved ergonomics, making it easier to use while wearing gloves.

Black Hornet 4 can operate in 25-knot winds and rain, and extensive testing was performed to validate its already rugged endurance capabilities. The drone itself is now IP-52 rated, able to withstand 7.6 mm of rain per hour while in flight, while the ground control station boasts an IP-54 rating.

Unusual Machines, Inc. (NYSE American: UMAC), a United States based manufacturer and distributor of drone parts recently has successfully closed a confidentially marketed public offering for the sale of 8,000,000 shares of the Company’s Common Stock at the offering price of $5.00 per share (the “Offering”) resulting in gross proceeds of $40 million, before deducting placement agent fees and other offering expenses. The Offering closed on May 7, 2025.

Allan Evans, the Company’s Chief Executive Officer and other members of the Company’s Board of Directors and all members of the Company’s advisory board purchased shares in the Offering on the same terms as the other investors. “We are overwhelmed by the level of support from everyone involved in the process,” said Allan Evans “This raise is absolutely a case of everyone putting their money behind accelerating American manufacturing for drones”.

ParaZero Technologies Ltd. (NASDAQ: PRZO), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, recently announced that it has received a new order for dozens of units of its innovative SafeAir™ M4 system. The order was placed by a prominent European drone distributor that serves a wide range of commercial, public safety, and enterprise drone operators across the region.

The SafeAir™ M4, ParaZero’s next-generation autonomous parachute recovery system, is designed for seamless integration with DJI’s Matrice 4 series. It features a newly developed deployment mechanism with real-time telemetry and is designed and expected to comply with the highest European regulatory standards to enable safe flight in urban areas throughout the EU.

Safe Pro Group Inc. (NASDAQ: SPAI), a leading provider of artificial intelligence (AI)-driven security solutions, recently announced it has successfully completed multiple demonstrations of its patented Safe Pro Object Threat Detection (SPOTD) technology to various branches of the U.S. Department of Defense. Following these briefings, the Company commenced the integration of its SPOTD technology onto the Win-TAK platform, part of the U.S. Army’s Tactical Assault Kit (TAK) software ecosystem.

As a result of these successful demonstrations, the Company is accelerating additional development efforts that seek to integrate the Company’s SPOTD technology into the full TAK software ecosystem which includes the U.S. Army’s ATAK (Android Tactical Assault Kit or ATAK) platform. Integration of SPOTD into ATAK is designed to allow detections of small explosive threats instantly identified in drone-based imagery by the Company’s AI technology to be quickly pushed across potentially hundreds of thousands of soldier-carried and vehicle-mounted wireless connected devices widely utilized by the U.S. Armed Forces.

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

Follow us on Facebook to receive the latest news updates: https://www.facebook.com/financialnewsmedia

Follow us on Twitter for real time Market News: https://twitter.com/FNMgroup

Follow us on Linkedin: https://www.linkedin.com/in/financialnewsmedia/

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 –

May 9, 2025

MIL-OSI: Best Online Casinos Australia: Experts Pick 7Bit Casino as the Best Australian Casino for 2025

Source: GlobeNewswire (MIL-OSI)

PERTH, Australia, May 08, 2025 (GLOBE NEWSWIRE) — The online gambling scene in Australia is booming, with countless casinos competing for the top spot. After diving deep into the iGaming landscape, we’ve found that 7Bit Casino stands out as the clear winner for 2025. With its crypto-friendly setup, super-fast payouts, and an impressive selection of over 4,000 games, 7Bit Casino raises the bar for what Aussie players should expect from online casinos.

This article explores why 7Bit Casino is the top new online casino, highlighting its exceptional features, robust security, and dedication to delivering a superior gaming experience for Aussie players.

New players can dive into the action by signing up and claiming a generous welcome bonus:

Why 7Bit Casino Dominates the Best Online Casinos in Australia

Since its inception in 2014, 7Bit Casino has been a trailblazer in the online gambling world, particularly as one of the first platforms to embrace cryptocurrencies. This makes it a prime choice for players seeking an anonymous online casino. Licensed by Curacao Antillephone N.V., 7Bit Casino ensures a secure and fair gaming environment, cementing its status as a leader among the best online casinos in Australia.

With an intuitive interface, a diverse game selection, and a rewarding bonus structure, 7Bit Casino caters to both novice and seasoned players. Whether you’re passionate about the best online pokies, classic table games, or immersive live dealer experiences, this platform delivers. Its focus on rapid payouts and 24/7 customer support further solidifies its position as the top Pay ID casino and new online casino in Australia for 2025.

A Comprehensive Review Tailored to Aussie Players

To identify the best online casinos in Australia, our team of iGaming experts conducted a meticulous evaluation based on key criteria that resonate with players. These include:

Licensing and Security
Game Variety and Quality
Bonuses and Promotions
Payment Methods and Payout Speed
Customer Support
Mobile Experience
Responsible Gambling Features
User Experience and Interface
Game Developer Partnerships
Community Feedback and Reputation
Innovation and Unique Features
Localization for Australian Players

7Bit Casino excelled across all these areas, earning its title as the premier anonymous online casino for Australian players. Below, we delve into each criterion to showcase why 7Bit Casino is the ultimate destination for online gambling in Australia.

Licensing and Security: A Foundation of Trust

Trust is paramount when selecting the best online casinos in Australia. 7Bit Casino operates under a reputable license from Curacao Antillephone N.V., ensuring compliance with strict regulatory standards. The platform employs advanced SSL encryption to safeguard player data, creating a secure environment for transactions and gameplay.

Independent audits by third-party firms verify the fairness of 7Bit Casino’s games, ensuring random outcomes and transparency. This commitment to security and legitimacy makes 7Bit Casino a trusted pay ID casino, allowing players to enjoy the best online pokies and other games without concerns about fraud or data breaches. The platform’s robust security protocols provide peace of mind, making it a standout among the best online casinos Australia.

Game Variety: Over 4,000 Titles for Every Player

A defining feature of the best online casinos Australia is a diverse, high-quality game library. 7Bit Casino delivers with over 4,000 titles from industry-leading providers such as NetEnt, Microgaming, Betsoft, Pragmatic Play, and Evolution Gaming. From the best online pokies to engaging live dealer games, the platform caters to every taste and preference.

Key Game Categories at 7Bit Casino

Game Type	Description
Online Pokies	Classic slots, video slots, and progressive jackpots with massive payouts.
Table Games	Blackjack, roulette, baccarat, and poker variants for strategic gameplay.
Live Dealer Games	Real-time streaming with professional dealers for an authentic casino feel.
Crypto Games	Exclusive titles optimized for cryptocurrency transactions.
Jackpot Games	High-stakes slots offering life-changing prize pools.

The best online pokies at 7Bit Casino include fan favorites like Book of Dead, Wolf Gold, Starburst, and Gonzo’s Quest, alongside innovative slots with unique themes, bonus rounds, and multipliers. The live dealer section offers an immersive experience with games like roulette, blackjack, baccarat, and poker, hosted by professionals and streamed in high definition. For players chasing big wins, the jackpot games provide thrilling opportunities to hit massive payouts, making 7Bit Casino a top new online casino.

Bonuses, Promotions & Tournaments

Bonuses are a critical factor in distinguishing the best online casinos Australia. 7Bit Casino offers a lucrative welcome package that positions it as a leading pay ID casino and anonymous online casino. New players can claim a 325% bonus up to 5,400 AUD plus 250 free spins, spread across four deposits:

1st Deposit: 100% match bonus up to 100 free spins
2nd Deposit: 75% match bonus up to 100 free spins
3rd Deposit: 50% match bonus
4th Deposit: 100% match bonus up to 50 free spins

Beyond the welcome offer, 7Bit Casino keeps the excitement alive with ongoing promotions:

Monday Reload Bonus: 25% match bonus + 50 free spins
Wednesday Offer: Up to 100 Free spins
Weekly Cashback: Up to 20% cashback on losses
Telegram Exclusive: 50 free spins for Telegram channel members
Telegram Friday Offer: 111 Free Spins
Telegram Sunday Offer: 66 Free Spins
New Game Offer: 45 free spins on selected new releases
Titans` Arena: $8000
Platipus Rush: €2000
10 Years of Platipus: € 100,000
Lucky Spin: $1500 + 1500 Free Spins

These promotions come with reasonable wagering requirements, ensuring players can maximize their rewards. The variety and generosity of these offers make 7Bit Casino a standout among the best online casinos Australia.

Payment Methods: Fast, Flexible, and Crypto-Friendly

A seamless banking experience is essential for the best online casinos Australia. 7Bit Casino excels with a wide range of payment options tailored to Aussie players. As a leading anonymous online casino, it supports instant deposits and rapid withdrawals, ensuring players can access their funds quickly.

Supported Payment Methods

Payment Method	Deposit	Withdrawal	Processing Time
Cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.)	Yes	Yes	Instant – 24 hours
Debit/Credit Cards (Visa, Mastercard)	Yes	Yes	1-3 business days
E-Wallets (Skrill, Neteller)	Yes	Yes	Instant – 24 hours
Pay ID	Yes	No	Instant
Bank Transfer	Yes	Yes	3-5 business days
Prepaid Cards (Paysafecard, Neosurf)	Yes	No	Instant

The platform’s crypto-friendly approach makes it a top pay ID casino, offering enhanced security, anonymity, and lower transaction fees. While some deposit methods may incur minor charges, 7Bit Casino ensures transparency by clearly outlining costs. The inclusion of pay ID for instant deposits further enhances its appeal as one of the best online casinos Australia. For players prioritizing speed and privacy, cryptocurrencies provide the fastest and most secure option, reinforcing 7Bit Casino’s status as a leading anonymous online casino.

Customer Support: Always Available, Always Reliable

Exceptional customer support is a hallmark of the best online casinos Australia. 7Bit Casino offers 24/7 assistance through live chat, email, and a contact form. The live chat feature initially connects players to a bot, with human agents available for complex queries. A comprehensive FAQ section addresses common issues, ensuring quick resolutions.

The professionalism and responsiveness of 7Bit Casino’s support team make it a dependable choice for Aussie players. Whether you have questions about bonuses, payments, or game rules, the support team is equipped to provide prompt and accurate assistance, reinforcing 7Bit Casino’s position as a top new online casino.

Mobile Experience: Gaming on the Go

In 2025, the best online casinos Australia must deliver a seamless mobile experience. 7Bit Casino excels with an HTML5-powered mobile platform that performs flawlessly on Android and iOS devices. Players can access the full game library, claim bonuses, and manage their accounts directly from their mobile browsers, without needing a dedicated app.

The mobile interface is intuitive, with fast load times and smooth navigation. Whether spinning the reels of the best online pokies, joining a live dealer table, or checking your account balance, 7Bit Casino’s mobile platform ensures a premium experience anywhere, anytime. This accessibility makes it a standout among the best online casinos Australia.

Responsible Gambling: Prioritizing Player Well-Being

Responsible gambling is a critical consideration for the best online casinos in Australia. 7Bit Casino is committed to fostering a safe and enjoyable environment, offering a range of tools to help players manage their gambling habits:

Deposit and Loss Limits: Set budgets to control spending.
Session Time Limits: Monitor and limit playtime.
Self-Exclusion: Temporarily or permanently suspend account access.
Cooling-Off Periods: Take breaks to reassess gambling behavior.
Reality Checks: Receive reminders about time spent playing.

The platform also provides resources and links to professional organizations like Gambling Help Online and Lifeline Australia for players needing support. By prioritizing player well-being, 7Bit Casino demonstrates its commitment to being a responsible Pay ID casino and anonymous online casino.

How to Join 7Bit Casino: A Simple Process

Joining one of the best online casinos Australia is quick and straightforward. Follow these steps to start playing at 7Bit Casino:

Visit the 7Bit Casino website and click “Sign Up.”
Enter your email address and create a secure password.
Confirm your details and submit the registration form.
Verify your email using the link sent by 7Bit Casino.
Make your first deposit to claim the welcome bonus and start exploring the games.

Ensure accuracy when entering details and check for promo codes to maximize your rewards. The user-friendly process makes 7Bit Casino accessible to all players, from beginners to seasoned gamblers, reinforcing its appeal as a top new online casino.

Why 7Bit Casino Is the Go-To for Crypto Players

As a pioneer in crypto gambling, 7Bit Casino is the premier pay ID casino for players who prefer digital currencies. Supporting cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dogecoin, and more, the platform offers fast, secure, and low-cost transactions. Crypto players benefit from enhanced privacy, instant withdrawals, and lower fees, making 7Bit Casino a leading anonymous online casino.

The integration of blockchain technology ensures transparency in game outcomes, boosting player confidence. For Aussies looking to combine the thrill of gambling with the advantages of crypto, 7Bit Casino is unmatched among the best online casinos Australia. The platform also offers exclusive crypto games, adding an extra layer of excitement for digital currency enthusiasts.

Game Developers: Partnerships with Industry Leaders

The quality of games at 7Bit Casino hinges on the developers behind them. 7Bit Casino partners with top-tier providers to deliver a premium gaming experience. Notable developers include:

NetEnt: Renowned for visually stunning slots like Starburst and Gonzo’s Quest.
Microgaming: Offers iconic titles like Mega Moolah with massive jackpots.
Evolution Gaming: Powers the live dealer section with professional croupiers.
Betsoft: Delivers 3D slots with immersive storylines and animations.
Pragmatic Play: Provides innovative slots and table games with high RTPs.
Play’n GO: Known for engaging titles like Book of Dead and Reactoonz.

These partnerships ensure a steady stream of high-quality games, keeping 7Bit Casino’s library fresh and diverse. The credibility of these developers further solidifies 7Bit Casino’s position as a top new online casino, offering players the best online pokies and table games.

Community Feedback: What Aussie Players Are Saying

Player reviews provide valuable insights into a casino’s performance. 7Bit Casino has earned widespread praise from the Australian gambling community for its extensive game selection, fast payouts, and responsive support. Players frequently highlight the seamless crypto transactions, generous bonuses, and user-friendly interface as reasons for choosing 7Bit Casino over other best online casinos Australia.

Some users note the limited AUD payment options, but the platform’s crypto focus and Pay ID support address most players’ needs. The overwhelmingly positive feedback underscores 7Bit Casino’s commitment to delivering a superior gaming experience, making it a trusted Pay ID casino and anonymous online casino.

Exclusive Features: What Makes 7Bit Casino Unique

Beyond its core offerings, 7Bit Casino provides unique features that set it apart among the best online casinos Australia:

Crypto-Exclusive Games: Titles designed for cryptocurrency users, offering faster gameplay and unique rewards.
Tournaments: Regular slot and table game tournaments with cash prizes and free spins.
VIP Program: A multi-tiered loyalty program with personalized bonuses, cashback, and dedicated account managers.
Instant Play: No downloads required, allowing instant access to games via web browsers.
Seasonal Promotions: Special bonuses tied to holidays and events, adding extra value for players.

These features enhance the overall experience, making 7Bit Casino a top Pay ID casino and anonymous online casino for Aussie players. The platform’s ability to innovate keeps it ahead of the competition, ensuring a dynamic and engaging gaming environment.

Localization for Australian Players

The best online casinos Australia tailor their offerings to local preferences, and 7Bit Casino excels in this regard. The platform supports AUD transactions, offers Pay ID for instant deposits, and features games that resonate with Aussie players, such as themed pokies inspired by Australian culture. The customer support team is well-versed in addressing the needs of Australian users, ensuring a personalized experience.

Additionally, 7Bit Casino aligns its promotions with Australian holidays and events, such as Australia Day and Anzac Day, offering exclusive bonuses to celebrate these occasions. This localization makes 7Bit Casino a standout among the best online casinos Australia, catering specifically to the Aussie market.

Innovation and Technology: Staying Ahead of the Curve

In the fast-evolving world of online gambling, innovation is key to remaining among the best online casinos Australia. 7Bit Casino embraces cutting-edge technology to enhance the player experience. The platform’s use of blockchain for crypto transactions ensures transparency and security, while its HTML5-powered interface delivers seamless performance across devices.

The integration of provably fair games, particularly in the crypto section, allows players to verify the fairness of outcomes, a feature that sets 7Bit Casino apart as a leading anonymous online casino. Regular updates to the game library and the introduction of new features, such as gamification elements and interactive tournaments, keep the platform fresh and engaging.

SIGN UP NOW TO CLAIM YOUR WELCOME BONUS AND EXPLORE 4,000+ GAMES AT 7BIT CASINO

Tips for Maximizing Your Experience at 7Bit Casino

To get the most out of your time at one of the best online casinos Australia, consider these practical tips:

Claim All Bonuses: Take advantage of the welcome package and ongoing promotions to boost your bankroll.
Explore New Games: Try new releases to earn free spins and discover fresh favorites.
Use Crypto for Speed: Cryptocurrency transactions offer the fastest withdrawals and lowest fees.
Set Limits: Utilize responsible gambling tools to maintain control over your spending and playtime.
Join Tournaments: Participate in slot and table game tournaments for a chance to win extra prizes.
Check Telegram: Follow 7Bit Casino’s Telegram channel for exclusive bonuses and updates.
Engage with the VIP Program: Climb the loyalty tiers to unlock personalized rewards and benefits.

By following these strategies, you can enhance your gaming experience and maximize your rewards at 7Bit Casino, one of the best online casinos Australia.

The Future of 7Bit Casino in Australia

The online gambling industry is dynamic, with new platforms emerging regularly. However, 7Bit Casino’s consistent excellence and commitment to innovation position it as a leader for 2025 and beyond. By expanding its game library, embracing new technologies, and refining its services, 7Bit Casino remains a frontrunner among the best online casinos Australia.

Our team will revisit this evaluation in 2026 to determine if 7Bit Casino retains its top spot or if a new contender emerges. For now, its blend of crypto compatibility, fast payouts, and diverse games makes it the ultimate choice for Aussie gamblers seeking a top new online casino.

Conclusion: The Ultimate Destination for Aussie Gamblers

After a thorough review of Australia’s online gambling landscape, 7Bit Casino stands out as the best online casino in Australia for 2025. Its extensive game library, generous bonuses, rapid payouts, and unwavering commitment to player safety make it the ideal destination for both casual and serious gamblers. As a leading Pay ID casino and anonymous online casino, 7Bit Casino offers unmatched flexibility, security, and excitement for Aussie players.

Whether you’re spinning the reels of the best online pokies, testing your strategy at blackjack, or immersing yourself in live dealer games, 7Bit Casino delivers an unrivaled experience. Sign up today to claim your welcome bonus and discover why 7Bit Casino is the top new online casino in Australia.

Email: support@7bitcasino.com

Disclaimer & Affiliate Disclosure

The information in this article is for informational and promotional purposes only and should not be considered legal, financial, or professional advice. While efforts have been made to ensure accuracy at the time of publication, no warranties are made regarding its completeness or timeliness. Readers should independently verify information before acting on it. The publisher and affiliates are not liable for errors, omissions, or consequences arising from reliance on this content.

This article may contain affiliate links, which may earn a commission at no additional cost to readers. Affiliate relationships do not influence the editorial integrity of the content, and all evaluations are based on independent research. Online gambling is intended for individuals of legal gambling age (18+ in Australia). Gambling carries financial risks and may lead to addiction. Engage responsibly and seek help from certified organizations like Gambling Help Online if needed.

All brand names and trademarks are the property of their respective owners. This content is not endorsed or sponsored by any brands unless explicitly stated. By reading this article, you accept that you do so at your own risk and hold the publisher and affiliates harmless from any liability.

Legal Disclaimer

This content is for informational purposes only and does not constitute legal, financial, or gambling advice. Information is presented “as is,” without warranties. Readers must verify compliance with Australian gambling laws, including the Interactive Gambling Act 2001. The publisher is not liable for losses or consequences.

Affiliate Disclosure

Some links may be affiliate links, earning a commission at no cost to you. Recommendations are objective, and partnerships do not influence content.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aa44afac-0c0b-4dcc-a50b-a70ea8745b37

The MIL Network –

May 9, 2025

MIL-OSI: MEXC Lists Doodles (DOOD) with 50,000 USDT Worth of DOOD and 50,000 USDT Bonus Prize Pool

Source: GlobeNewswire (MIL-OSI)

VICTORIA, Seychelles, May 08, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, announces it will list Doodles (DOOD) on May 9, 2025 (UTC). To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 50,000 USDT Worth of DOOD & 50,000 USDT Bonus for new and existing users.

Doodles is a Web3-native creative brand established in October 2021 by Canadian digital artist Burnt Toast (Scott Martin), alongside Evan Keast and Jordan Castro. The project features a collection of 10,000 unique generative NFT avatars, renowned for their vibrant, pastel-colored designs. Since its inception, Doodles has evolved into a multifaceted entertainment brand, expanding into animation, music, and fashion collaborations. Doodles has also partnered with prominent brands like Adidas, Crocs, and McDonald’s to bridge NFT culture with mainstream audiences.

In February 2025, Doodles announced the launch of its official token, DOOD, aimed at enhancing community engagement and supporting the decentralized development strategy of Doodles. Following the announcement of the token, Doodles NFT trading volume surged to $16 million in one week, marking the second-highest weekly trading volume in the project’s history. The total supply of DOOD is capped at 10 billion, with no possibility of inflation. As a key element in fostering community interaction and value sharing, DOOD enables token holders to participate in governance, access exclusive content, and contribute to the growth of the Doodles ecosystem.

To celebrate the listing, MEXC is hosting an Airdrop+ event from May 8, 11:00 to May 18, 11:00, 2025 (UTC), offering a range of rewards and exclusive opportunities:

Benefit 1: Deposit and share $32,000 USDT in DOOD (New user exclusive)
Benefit 2: Spot Challenge – Trade to share $10,000 in DOOD (For all users)
Benefit 3: Futures Challenge – Trade to share 50,000 USDT in Futures bonus (For all users)
Benefit 4: Invite new users and share $8,000 in DOOD (For all users)

MEXC has established itself as an industry leader by consistently providing users with early access to promising projects. According to the latest TokenInsight report, MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, the exchange has listed more than 3,000 digital assets. MEXC will continue to maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users have access to the best opportunities in the ever-evolving crypto landscape.

For full event details and participation rules, please visit here.

About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

Source

Contact:
Lucia Hu
lucia.hu@mexc.com

Disclaimer: This is a paid post and is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b631a595-d2ed-4ac7-8d15-5009779b29cd

The MIL Network –

May 9, 2025
MIL-OSI: Vimeo Earns Cross-Industry Praise in Video Innovation with Accolades from G2, Digiday, and The Webby Awards

Source: GlobeNewswire (MIL-OSI)

NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Vimeo (NASDAQ: VMEO), one of the largest and most trusted private video networks in the world, today highlighted recent awards and distinctions earned by the Company for its achievements in video innovation and beyond. These recognitions follow Vimeo’s inclusion in the World’s Most Innovative Companies 2025 list from Fast Company earlier this year.

Vimeo Central Honored by Digiday Streaming and Video Awards

The 2025 Digiday Streaming and Video Awards recognized Vimeo Central, Vimeo’s secure, AI-powered video hub designed to boost employee engagement, collaboration, and productivity, in two categories. The solution was named Best Digital Video Platform and received top honors in the Best Use of AI category, reinforcing Vimeo’s position as the go-to platform for enterprises driving business growth via AI-powered video strategy.

Webby Awards 2025: Vimeo Recognized as an Honoree

The 29th Annual Webby Awards highlighted Vimeo’s commitment to creators and enterprises. For its “Best of the Year 2024” campaign, which celebrated the most outstanding shorts and video creators on the platform, Vimeo earned an Honoree distinction in the Social – B2B category. Additionally, Vimeo’s hero video developed for REFRAME, a video innovation conference the company launched for enterprise users in 2024, was named an Honoree in the Video & Film – Best Use of AI category.

Top User Reviews on G2

Complementing these industry accolades, Vimeo has consistently received high marks based directly on user feedback via G2, the world’s largest and most trusted software marketplace and peer-to-peer review site. G2 rankings, reports, and awards are derived from authentic reviews shared by verified software users, offering a transparent look at customer satisfaction, usability, and market presence.

In recent G2 reporting periods, Vimeo solidified its leadership by achieving the #1 ranking in the video platforms category. Also, this year, the company earned 50 badges across numerous categories, demonstrating broad user satisfaction and market leadership. Notable recognitions include Leader badges for both Enterprise and Mid-Market segments, along with awards highlighting ease of use (“Easiest Setup,” “Easiest Admin“) and tangible business value (“Best Estimated ROI“). These accolades reinforce Vimeo’s strengths as validated by its customers worldwide.

“Video is becoming the most important and engaging medium to tell stories, and millions of video professionals trust Vimeo to manage and distribute their most important video stories,” said Philip Moyer, CEO of Vimeo. “We’re incredibly proud that these distinctive organizations have recognized our innovation and customer focus over the past year. We are committed to leading this next generation of video with innovation and trust, and will continue to push the boundaries of technology on behalf of professional video storytellers.”

About Vimeo
Vimeo (NASDAQ: VMEO) is the world’s most innovative video experience platform. We enable anyone to create high-quality video experiences to better connect and bring ideas to life. We proudly serve our community of millions of users – from creative storytellers to globally distributed teams at the world’s largest companies – whose videos receive billions of views each month. Learn more at www.vimeo.com.

Press Contact:
Frank Filiatrault
frank.filiatrault@vimeo.com

The MIL Network –

May 9, 2025
MIL-OSI: Xunlei Limited Schedules 2025 Unaudited First Quarter Earnings Release on May 15, 2025

Source: GlobeNewswire (MIL-OSI)

SHENZHEN, China, May 08, 2025 (GLOBE NEWSWIRE) — Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET), a leading technology company providing distributed cloud services in China, today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2025 on May 15, 2025 before market open.

The earnings press release will be available on the Company’s investor relations page at http://ir.xunlei.com.

Conference Call

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.

Conference Call Preregistration

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.

Contact:
Xunlei Limited Investor Relations

Email: ir@xunlei.com
Tel: +86 755 6111 1571
Website: http://ir.xunlei.com

The MIL Network –

May 9, 2025
MIL-OSI: Scality named a 2025 Stevie Award winner

Source: GlobeNewswire (MIL-OSI)

SAN FRANCISCO, May 08, 2025 (GLOBE NEWSWIRE) — Scality, a global leader in cyber-resilient storage software for the AI era, announced today that its ARTESCA 3.0 solution earned a Gold Stevie^® Award in the Cloud Storage & Backup Solution category, the highest award level, as part of The 23rd Annual American Business Awards^®.

The American Business Awards — a.k.a. “The Stevies” — is a premier business awards program in the US. All organizations operating in the country are eligible to submit nominations – public and private, for-profit and nonprofit, large and small.

Launched nearly a year ago, ARTESCA 3.0 introduced groundbreaking CORE5 API-to-Architecture cyber resilience. CORE5 is a reference to the five levels of ransomware protection: 1) API, 2) data, 3) storage, 4) geography, and 5) architecture. ARTESCA 3.0 is the first object storage solution of any kind to offer such a comprehensive level of protection.

Since then, the company has released an all-flash version of the ARTESCA hardware appliance and a pay-as-you-go service offering for Veeam cloud service providers. Last week, Scality unveiled another industry first: the ARTESCA+ Veeam unified software appliance, which combines Veeam Backup & Replication™ software with ARTESCA object storage software in a single, streamlined software appliance.

With a variety of deployment models, ARTESCA provides midsize enterprises and companies that lack deep technical resources enterprise-grade cyber-resilient storage without the need for deep storage or OS expertise. ARTESCA has become a critical offering — and a cash cow — for channel partners, who have found that the product uniquely meets the needs of this customer segment.

“Where the industry had previously been focused on immutability, ARTESCA raised the bar significantly over the past year with its five-level end-to-end cyber resilience,” said Eric LeBlanc, GM, ARTESCA and Channel Chief, Scality. “Its fast deployment and easy maintenance has put industry-standard cybersecurity within the reach of smaller companies, which is why ARTESCA continues to garner recognition from independent third parties.”

Nicknamed the Stevies for the Greek word meaning “crowned,” The American Business Awards garnered more than 3,600 nominations from organizations of all sizes and in virtually every industry across a wide range of categories. More than 250 professionals worldwide participated in the judging process to select this year’s Stevie Award winners.

“Organizations across the United States continue to demonstrate resilience and innovation,” said Stevie Awards president Maggie Miller. “The 2025 Stevie winners have helped drive that success through their innovation, persistence, and hard work. We congratulate all of the winners in the 2025 ABAs and look forward to celebrating their achievements during our June 10 gala event in New York.”

Details about The American Business Awards and the list of 2025 Stevie winners are available at www.StevieAwards.com/ABA. For more information about ARTESCA, visit the product line’s microsite.

About the Stevie Awards
Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards^®, The International Business Awards^®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, the Stevie Awards for Sales & Customer Service, and the Stevie Awards for Technology Excellence. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

About Scality
Scality solves organizations’ biggest data storage challenges — growth, security, performance, and cost. Designed for end-to-end cyber resilience, only Scality S3 object storage with CORE5 safeguards data at every level of the system, from API to architecture. Its patented MultiScale Architecture enables limitless, independent scalability in all critical dimensions to meet the unpredictable demands of modern workloads. The world’s most discerning companies depend on Scality to accelerate high-performance AI initiatives, optimize cloud deployments, and defend their data with confidence. Recognized as a leader by Gartner, Scality software is reliable, secure, and sustainable. Follow us on LinkedIn. Visit www.scality.com and our blog.

Media Contact:
Jon Lavietes
A3 Communications
+1 415-572-4408
jon.lavietes@a3communicationspr.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/92069d27-1be4-4653-aed9-6dca964cb48f

https://www.globenewswire.com/NewsRoom/AttachmentNg/3a34a1c9-36f3-4c09-b2c6-eb46f902fdb7

The MIL Network –

May 9, 2025
MIL-OSI: Caliber Receives Design Review Approval for PURE Pickleball & Padel Project

Source: GlobeNewswire (MIL-OSI)

SCOTTSDALE, Ariz., May 08, 2025 (GLOBE NEWSWIRE) — Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, today announced that its joint venture development, PURE Pickleball & Padel™ has gained Design Review approval from the Salt River Pima-Maricopa Indian Community (SRPMIC) Planning Department. This approval positions the project to seek a building permit once final construction documents are complete, with a planned ground-breaking shortly after receiving the permit.

PURE Pickleball & Padel™ is developing an 11+ acre site in the Riverwalk Development Project located in the Talking Stick Entertainment District, a 100-acre site in the SRPMIC adjacent to Scottsdale. PURE will be a world-class pickleball and padel facility and seeks to claim the title of the largest indoor pickleball and padel facility in the world. The 196,726 square feet state-of-the-art facility will boast a 1,200-seat pro arena, 48 indoor courts (40 pickleball, 8 padel), sports performance and recovery fitness center by HonorHealth, restaurant and rooftop bar, pro shop, locker rooms and spa, special event spaces, childcare and other amenities.

Chris Loeffler, CEO of Caliber, said, “We are grateful to the SRPMIC team for their thoughtful review and approval of this project. Collaboration with the SRPMIC has been instrumental throughout the design review process which has brought an elevated design and uniqueness to the project.”

Kevin J. Berk, Co-Founder & CEO of PURE, said, “I want to extend my heartfelt thanks to the SRPMIC for believing in and supporting our vision. I’m deeply grateful to all the incredible teams contributing to this project—your passion, dedication, and commitment to bringing our first facility to life inspires me every day.”

With the approval of the use and design, the PURE project will now focus on the next phase of development, the completion of construction documents and the approval of a final building permit. This approval also positions Caliber to formally enter the debt markets to finalize its sourcing of construction financing and puts a clear timeline in place for investors funding the equity into the project’s private offering.

Unique to this project, Caliber created the [insert official fundco offering name here], a single asset offering designed to invest in the real estate, land sublease, and business operations of PURE. The offering allows for direct investment from accredited investors as well as qualified opportunity zone funds (QOFs) seeking to allocate capital to a potentially attractive qualified opportunity zone business (QOZB). Caliber has designed the offering for broad participation, seeking Pickleball & Padel enthusiasts who are looking for exposure to the two fastest growing sports in the United States and the World.

For more information on the project, visit Caliber’s website.

About Caliber (CaliberCos Inc.)

With over $2.9 billion in Managed Assets, Caliber’s 16-year track record of managing and developing real estate is built on a singular goal: to make money in all market conditions, specializing in hospitality, multi-family residential, and multi-tenant industrial. Our growth is fueled by performance and a key competitive advantage: we invest in projects, strategies, and geographies that global real estate institutions often overlook. Integral to this advantage is our in-house shared services group, which gives Caliber greater control over our real estate and enhanced visibility into future investment opportunities. There are multiple ways to participate in Caliber’s success: invest in Nasdaq-listed CaliberCos Inc. and/or invest directly in our Private Funds.

About PURE Pickleball & Padel
PURE Pickleball & Padel has partnered with Caliber to build the world’s largest indoor pickleball & Padel facility and pro arena in Scottsdale, Arizona, with a target opening date of late 2026. The 196,726 square feet state-of-the-art facility will boast 48 indoor courts (40 Pickleball and 8 Padel), a 1,200-seat pro arena, along with country club level amenities that include a restaurant and bar, retail pro shop, gym, recovery spaces, VIP lounge, office space, childcare and teen room. PURE is a member-focused, program-driven concept that will connect the two fastest growing sports in the world with the Scottsdale community across all ages, skill levels, and backgrounds. With an estimated 800,000 visits annually, the facility plans to host the largest pickleball/padel tournaments in the world.

About the Talking Stick Entertainment District
The Talking Stick Entertainment District is a dynamic area for culture, shopping, dining and entertainment, conveniently located within the Salt River Pima-Maricopa Indian Community. Located at the Pima-101 Freeway and Talking Stick Way, just 20 minutes from Sky Harbor Airport, Talking Stick is home to Talking Stick Resort, Talking Stick Golf Club, Salt River Fields at Talking Stick, The Pavilions at Talking Stick, Arizona Boardwalk at Talking Stick and many more entertainment and hospitality options.

About the Salt River Pima-Maricopa Indian Community
The Salt River Pima-Maricopa Indian Community (SRPMIC) is represented by two distinct Native American tribes; the Akimel O’odham (River People), more commonly known as the Pima and the Xalychidom Piipaash (People Who Live Toward the Water) commonly known as the Maricopa; both share the same cultural values but maintain their unique traditions. Today, more than 11,000 individuals are enrolled Salt River tribal members. The SRPMIC is bordered by Tempe, Fountain Hills and Mesa and shares a Scottsdale address. The Community owns and operates several successful enterprises including Salt River Materials Group and Saddleback Communication and hospitality enterprises: Talking Stick Resort, Talking Stick Golf Club and Salt River Fields at Talking Stick, all within the Talking Stick Entertainment District, on the northern part of the Community. The culture and the history of the people is an important story to tell and have been interwoven at many of the destination amenities through interior art, building design and landscape.

Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the Company’s public offering filed with the SEC and other reports filed with the SEC thereafter. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

CONTACTS:
Caliber Investor Relations:
Ilya Grozovsky
+1 480-214-1915
Ilya@CaliberCo.com

PURE Pickleball & Padel
Kevin J. Berk – Co-Founder & CEO
+1 480-861-7474
Kevin@purepickleball.com

The MIL Network –

May 9, 2025
MIL-OSI: Enphase Energy Announces Easy Expansion of IQ7 Solar Systems with IQ8 Microinverters

Source: GlobeNewswire (MIL-OSI)

FREMONT, Calif., May 08, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced the availability of new software that allows homeowners with existing legacy IQ7™ Microinverter-based systems to seamlessly expand their solar capacity using IQ8™ Microinverters. This software is now available across North America, Europe, and other key markets.

With over one million homes worldwide using IQ7™ Microinverters, many homeowners are now looking to expand their systems to reduce energy costs and boost energy independence. Enphase’s new software enables solar installers to upgrade these systems with IQ8™ Microinverters, built for high-powered solar panels, while using the existing IQ^® Gateway or IQ^® Combiner hardware.

“Enphase’s new expansion capability with the IQ8 Microinverters is a game-changer for us,” said Jeremy White, project manager at Robco Electric, an installer of Enphase products in the United States. “It allows us to offer our customers a straightforward path to scale their systems as their energy needs grow. We can now deliver more power with fewer headaches, which helps us provide the best service and keeps our business running efficiently.”

“Homeowners are increasingly asking for ways to get more out of their existing systems, and the new IQ8 Microinverters make that possible,” said Mauricio Llovera, CEO of INVERSOL, an installer of Enphase products in Mexico. “This solution is a win-win, as it not only benefits our customers but also enables us to take on more projects without the complexity of traditional system upgrades. It’s the kind of innovation we’ve come to expect from Enphase.”

“We’re excited to see Enphase continue to build on its existing product suite, constantly making our lives easier,” said David Monnier, CEO of La Maison des Energies, an installer of Enphase products in Switzerland. “The IQ8 Microinverters provide a seamless integration experience, allowing us to maximize energy output for our customers while maintaining the reliability and quality Enphase is known for. This capability is a significant boost to our business.”

“The ability to upgrade existing IQ7 systems with IQ8 Microinverters opens up new opportunities for homeowners in the Netherlands,” said Jack van der Linden, account manager at Green Guys BV, an installer of Enphase products in the Netherlands. “With energy prices fluctuating, our customers want to optimize their solar systems without costly overhauls. This new solution from Enphase allows them to do just that — scaling their energy production efficiently and cost-effectively.”

“Enphase’s latest innovation simplifies system upgrades for our customers in France, making it easier than ever to enhance solar production,” said Julien Vouriot, CEO and founder of Solair’ Forez, an installer of Enphase products in France. “We can now provide homeowners with a seamless way to integrate the latest microinverter technology, ensuring they get the most out of their solar investments while maintaining system reliability.”

“The new software release unlocks seamless interoperability between IQ7 and IQ8 microinverters, which empowers our global installer network to deliver more value with less effort,” said Aaron Gordon, senior vice president and general manager of the systems business unit at Enphase Energy. “It’s a win for homeowners and a growth driver for our installers.”

Enphase’s software-defined energy systems allow homeowners the ability to scale and optimize their solar investments over time. For more information about adding IQ8 Microinverters to IQ7 systems, watch the video here and visit the regional websites — United States, France, Switzerland, the Netherlands, and Germany.

About Enphase Energy, Inc.

Enphase Energy, a global energy technology company based in Fremont, CA, is the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power — and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 81.5 million microinverters, and approximately 4.8 million Enphase-based systems have been deployed in over 160 countries. For more information, visit https://enphase.com/.

©2025 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks or service marks of Enphase Energy, Inc. in the U.S. and other countries. Other names are for informational purposes and may be trademarks of their respective owners.

Forward-Looking Statements

This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality, and reliability; and the ability to continually enhance and maximize the value of their investments over the lifetime of the systems. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.

Contact:

Enphase Energy

press@enphaseenergy.com

This press release was published by a CLEAR® Verified individual.

The MIL Network –

May 9, 2025
MIL-OSI: StepStone Group to Announce Fourth Quarter and Fiscal 2025 Results on May 22, 2025

Source: GlobeNewswire (MIL-OSI)

NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — StepStone Group Inc. (Nasdaq: STEP) today announced that the Company will release its results for the fourth quarter and fiscal year ended March 31, 2025, after the market closes on Thursday, May 22, 2025.

Webcast and Earnings Conference Call

Management will host a webcast and conference call on Thursday, May 22, 2025, at 5:00 pm ET to discuss the Company’s results for the fourth quarter and fiscal year ended March 31, 2025. The webcast will be made available on the Shareholders section of the Company’s website at https://shareholders.stepstonegroup.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time to register. A replay will also be available on the shareholders website approximately two hours after the conclusion of the event.

To join as a live participant in the question and answer portion of the call, participants must register at https://register-conf.media-server.com/register/BI83b497f55a944def8cfadab7f935822b.

Upon registering you will receive the dial-in number and a PIN to join the call as well as an email confirmation with the details.

About StepStone

StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of December 31, 2024, StepStone was responsible for approximately $698 billion of total capital, including $179 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.

Contacts

Shareholder Relations:
Seth Weiss
shareholders@stepstonegroup.com
1-212-351-6106

Media:
Brian Ruby / Chris Gillick / Matt Lettiero, ICR
StepStonePR@icrinc.com
1-203-682-8268

The MIL Network –

May 9, 2025
MIL-OSI United Kingdom: Help us improve Park and Ride sites across York
Source: City of York

Published Thursday, 8 May 2025

City of York Council has today begun a month-long public consultation to help inform the design of future improvements at five of York’s Park and Ride sites.
The planned works aim to attract new customers to use the Park & Ride, and will provide more accessible, easier to use facilities and greater transport options such as improved cycling parking. Five of York’s six Park and Ride sites are included in the project; Poppleton Bar, Grimston Bar, Askham Bar, Rawcliffe Bar and Monks Cross. The Designer Outlet Park and Ride site is not owned by the council, so will not be affected by the planned upgrades.

The changes proposed include:

The introduction of overnight car parking at Rawcliffe Bar and Askham Bar Park and Ride sites to support the city’s residents and visitors, plus our thriving overnight economy.

Better located dedicated parking for oversized vehicles at Askham Bar, Rawcliffe Bar and Grimston Bar (daytime only). A new building will also be delivered to replace outdated facilities at Grimston

Improvements to the accessibility of the sites and parking areas; new waiting facilities, lighting, pathways, refurbished toilets including Changing Places facilities

Improved facilities for multi-modal trips. The improvements included will vary by site (e.g. long-distance bus and coach routes, car club vehicles, improved cycle parking and lockers).

Overnight parking will offer greater flexibility to both residents taking trips away from York (e.g. using Park and Ride to connect to train services for commuting or a weekend away) as well as visitors coming into the city for overnight stays. It will be offered at Askham Bar and Rawcliffe Bar – chosen because they are most easily reached from major towns and cities such as Leeds.

Some of the main principles of offering overnight parking are:

Drivers will have access to their cars 24 hours a day, so you can drop off or collect your car at any time

Offering a viable option for longer stays that avoids the need to drive into and pay for parking in the city centre, helping reduce congestion

The sites will have improved CCTV, security and lighting

Bus services won’t be running through the night. Taxis or cycles can be used to get to either site and collect your car during hours when buses aren’t running

The service will not be offered to vehicles higher than a small van – so will not be available for campervans or caravans. No facilities will be offered and no one will be able to stay in their vehicle overnight.

The project is fully funded by the UK Government’s Bus Service Improvement Plan (BSIP). York was allocated over £17m to improve the city’s bus network and £4m of this has been allocated to improving the Park and Ride sites. Alongside the Park and Ride project, BSIP funding is being used to deliver an on-going programme of works to install new real-time information screens across the city and surrounding villages; improved lighting and shelters, plus reducing fares for young people to just £1.

Last year saw a considerable increase in Park and Ride usage, with over 4.5m passenger journeys – the highest number since the Covid pandemic.

Cllr Kate Ravilious, Executive Member for Transport at City of York Council, said:

“York’s Park and Ride is already a huge success story, offering excellent services for York’s residents, commuters and visitors. This project will increase transport options for everyone, making the sites themselves more accessible, encouraging even greater use. By introducing overnight parking at two sites we will offer a convenient alternative to driving and parking in the city centre, helping to reduce traffic congestion, improve bus reliability and free up the roads for those who need to drive.

“I’d encourage everyone, whether you live in York or further afield, and whether you use the Park and Ride or not, to feedback on our proposals and help us maximise the benefits of the Park & Ride site upgrades”.

The consultation is open between Thursday 8 May and Monday 9 June.

To take part people can:

Read and complete the online survey at ourbigconversation.york.gov.uk

Email us at ourbigconversation@york.gov.uk, or write to us via freepost: Park and Ride Consultation, Freepost RTEG-TYYU-KLTZ, City of York Council, West Offices, Station Rise, York, YO1 6GA

Phone customer services on 01904 551550 and they will pass a message to the project team

To find out more visit ourbigconversation.york.gov.uk
MIL OSI United Kingdom –
May 9, 2025
MIL-OSI USA: This Is Your Brain On Music: Groundbreaking UConn-led Study Shows How the Brain Keeps the Beat

Source: US State of Connecticut

The most sophisticated musical instrument in the world is the human brain, according to a paradigm-shifting new paper in Nature Reviews Neuroscience.

Led by UConn psychological sciences and physics professor Edward W. Large, the research introduces neural resonance theory (NRT). NRT explains how physical structures in the brain and nervous system resonate with the structures of music, turning sequences of sounds into profound physiological and emotional experiences.

“In physics, resonance is everywhere,” explains Large, who directs the Music Dynamics Laboratory. “The heart is an oscillator. Circadian rhythms are oscillators, and they synchronize to the light and dark cycles of the earth.”

His research shows that human brain activity can also sync to various rhythms – from reggae to R&B to rhapsodies.

“A long-standing puzzle in music research is the presence of common features as well as variations across musical cultures,” says Ji Chul Kim, a co-author on the paper and assistant research professor in the Department of Psychological Sciences. “NRT explains this nature/nurture problem in terms of natural constraints and neural plasticity.”

Music, Meet Math

Large carries himself like someone who has spent some time on stage. He’s a smart dresser, accessorizing on a Monday afternoon video interview with a small silver earring. He does have a musical past, he tells me – after double-majoring in math and classical guitar in college, he spent some time performing – but when he learned it was possible to study the science of music in graduate school, he was hooked.

“As soon as I saw that, I knew that’s what I was meant to do,” he says.

When Large transitioned from making music to studying it, he noticed that the scientific world understood music very differently than he did.

The prevailing understanding was that humans enjoy music because its patterns enable a pleasurable system of prediction based on learned expectations. The human brain works like autocomplete, it was thought, predicting which notes and chord shifts will come next in a sequence – and feeling rewarded when it guesses correctly.

But Large’s research shows that this is only part of the story. His pioneering neural resonance theory offers a new explanation: oscillations (rhythms) in the brain’s neural activity actually synchronize with the pitches and rhythms of music. This synchronization is what creates the sense of expectation or anticipation.

According to NRT, people can keep time, dance, and effectively improvise music because human biological processes can sync with music, from simple tunes to complex melodies.

“This is about embodiments – physical states of the brain that have lawful relationships to external events [like sounds],” Large says. “They’re not abstract. It’s literally the sound causing a physical resonance in the brain.”

This means that the human body is very much part of the music-making process. Neurons vibrate like a plucked guitar string. Seen on an EEG, brainwaves dance to drumbeats.

“I have always been fascinated by music and physics,” Kim says. “I am excited about the way NRT brings them together and describes the perception and performance of music as dynamic patterns formed within and between listeners and performers.”

Volume Up

Large’s paper explains that this function of music is responsible for many of its uplifting qualities, like its mood- and memory-boosting properties, as well as its most universally recognized side effect: the urge to dance. (The paper refers to this phenomenon as “groove.”)

“This is the way I always intuitively understood music, before I went into science,” Large says. “But people wanted to talk about the brain as a computer, and its computing input/output functions. It just didn’t seem like how I experience music, or how people in general experience music. But this idea of resonance? I thought that was really compelling.

“So, what I set out to do was make it science,” he continues. “Instead of just New Age terminology — ‘oh, I’m resonating to this music, man’ — I wanted to ask whether, scientifically, this really does happen.”

Large demonstrates a form of combined light and music therapy at Pratt & Whitney Hangar Museum in East Hartford on Oct. 7, 2019. (Peter Morenus/UConn Photo)

Even before the publication of this latest research, Large recognized the healing potential of music. In 2016, he founded Oscillo Biosciences (named for the neural oscillations that synchronize with music) with Kim, who had recently completed a postdoctoral fellowship at UConn.

The healthcare startup uses music and light therapy to help mitigate disease progression among Alzheimer’s patients. It is a highly promising application of NRT.

“We’re in a clinical trial right now, and we are showing that by listening to music and watching lights in a certain frequency relationship to the music, we can cause resonance in the brain that actually improves memory,” Large says.

NRT has other promising potential applications, ranging from AI to education. Machines trained on neural resonance could produce more emotionally intelligent and culturally aware music. Learning tools could leverage NRT to help people better grasp rhythm and pitch.

In the meantime, NRT offers a scientific explanation for one of the most mysterious human experiences — how and why music moves us.

In addition to Large, the multi-institutional collaboration featured other researchers at the University of Connecticut and at the University of Groningen (Netherlands), the University of Illinois Chicago, Queen Mary University of London, and McGill University (Canada). The other UConn authors on the paper were Ji-Chul Kim, who is now an assistant research professor in the Department of Psychological Sciences, and Parker Tichko ‘19 Ph.D.

MIL OSI USA News –

May 9, 2025
MIL-OSI: Purple Garden Empowers Users With Trusted Psychic Guidance
Source: GlobeNewswire (MIL-OSI)

San Francisco, CA, May 08, 2025 (GLOBE NEWSWIRE) —

Purple Garden is a popular online platform that offers psychic readings to customers anytime and anywhere.
The platform has been operating for several years and is considered an industry leader in online psychic readings. Customers can connect with psychics through live chat, online calls, or video sessions.
But is this psychic platform the best option for you? Read this unbiased Purple Garden review to find out.

Quick Overview of Purple Garden

Below is a quick summary of the pros and cons of Purple Garden and the current promos available.

What We Like
- Highly vetted psychic readers
- Transparent customer Purple Garden psychic reviews
- More than 1,000 psychic advisors
- Transcripts are available for text and voice call readings
- Free horoscopes
What We Don’t Like
- Different prices for video readings, phone readings, and chat readings
- The mobile app could use improvements
Deals Available
- Pay $10, get a $40 credit
Bottom Line: Is Purple Garden Legit?

Purple Garden appears to be a legitimate platform offering a wide array of psychic readings through a user-friendly app available on the Google Play Store and Apple App Store. While the quality of individual psychics can vary, as with any such service, Purple Garden does provide a platform for connecting with readers and offers different communication methods.

As with any online service requiring payment, it’s wise to approach with informed expectations, read reviews, and use any introductory offers to find a reader who resonates with you.

>>Get a free $30 on your first purchase

Popular Types of Readings on Purple Garden

Purple Garden offers many types of psychic readings. Let’s understand each of them in more detail.

General Psychic Readings

Psychic readings on Purple Garden offer a valuable avenue to gain insight and understand the best steps forward. You can connect with popular advisors like Gia The Mystic, Isabella Insights, and Psychic_Ruby, each offering their unique gifts.

Beyond general guidance, some psychics on the platform may also specialize in dream analysis, offering interpretations of your subconscious through your nightly visions.

In addition, studies on the impact of psychics on stress suggest that individuals dealing with stress or emotional challenges report finding advice from psychics to be generally useful.

Love Readings

On Purple Garden, love readings are a popular choice, offering insights into your current or past relationships through the reader’s energetic connection with you. Expect messages that could range from specific communications from loved ones to broader guidance about your romantic life.

For those seeking more proactive guidance and strategies to navigate their romantic lives, Purple Garden also features advisors who offer relationship coaching. Top-rated advisors specializing in these kinds of readings on the platform include Psychic_Ashley, Song of the Sea, and Spiritual Guidance With Anna.

Tarot Readings

Curious about what the cards have in store for you? Purple Garden offers a gateway to insightful tarot readings, where skilled experts can illuminate the more mysterious areas of your life.

Their psychic readers delve into both your inner world and external influences, helping you anticipate potential situations and outcomes. Top-rated tarot guides on Purple Garden include Dory Silvermoon, NEHA P, and The Magical Taurus.

How to Book a Reading on Purple Garden

Purple Garden psychic reviews attest to the fact that the platform has an easy signup process. First, you need to create an account and log in to get a reading from Purple Garden online psychics. Then, select the psychic you want and click on the button for the type of reading you prefer (chat, phone, video).

Check the green circle in the upper left-hand corner to know if the best psychic is available. A red dot means that the best Purple Garden psychic is busy with another client, while a gray dot indicates that the best Purple Garden psychic is offline.

It is crucial to catch them when they are available to connect with a reader. Setting an alert for when they become available again is a good idea in case they are busy.

To set an alert, click on the advisor’s profile picture and tap the bell icon in the upper right-hand corner of their profile. Next, select the reading type you want to receive a notification for and tap “done” when finished.

However, note that the time for notification may vary based on the psychic’s schedule.

How to Connect With Purple Garden Advisors

Purple Garden offers three ways to get readings: online calls, video chat, and chat. This can be accessed online or through the Purple Garden app and conducted on secure channels to ensure discretion and privacy.

If you’re interested in video chat, it is typically more expensive than phone calls and chat. You can choose the mode of reading that fits your budget and needs.

How to Block or Unblock an Advisor

The advisor blocking or unblocking feature is not available. However, there are no Purple Garden psychic reviews that report this as a major issue.

If a user faces any issues like inappropriate behavior or threats from an advisor, they must contact the Purple Garden service team at the earliest.

>>Get a free $30 on your first purchase

How to Leave Feedback or Rate an Advisor

If your live reading with a Purple Garden psychic lasts for 5 minutes or less, you won’t be able to leave feedback. However, if the reading exceeds 5 minutes, you can leave a review once the session is complete.

How to Keep Track of Your Favorite Psychics

Do you want to keep tabs on your favorite Purple Garden advisors? It’s easy! If your favorite isn’t showing as available, they might be busy or taking a break, as advisors set their hours. But you can get notified the next time they’re online.

On the mobile psychic reading app, just tap the toggle switch beneath their photo when viewing their profile (this only appears if they’re “busy” or “offline”). If you’re using the desktop site, click the “bell” icon at the top right of their profile and follow the prompts.

Once enabled, you’ll receive a push notification the moment your chosen advisor becomes available again, so you never miss a chance to connect!

How to Ping Your Personal Advisor

Connecting with advisors on Purple Garden is now streamlined through ongoing conversation and is accessible via the “My activity” tab at the bottom of the app’s homepage.

Simply select an advisor to view your message history and order sessions, easily filtered for messages only.

You can send up to three messages per 24-hour period to each advisor, who can then respond. And if they’re available for a live session, just tap “Connect now” at the top right to start a new order.

Purple Garden Review: What Are Its Most Impressive Features?

This Purple Garden review wouldn’t be complete without discussing the platform’s features. Here are a few that stood out the most for us.

Detailed Psychic Profiles

As one of the best psychic websites, it offers various psychic readers with distinct techniques, tools, and styles. They provide detailed profiles to aid you in selecting the ideal match for your requirements.

Furthermore, they offer live chat, online calls, and video readings to provide personalized and insightful guidance that can help you navigate life’s difficulties with assurance.

Tryout Feature

Purple Garden’s Tryout feature offers a fantastic way for VIP clients to explore fresh insights. As you engage with the platform and spend, you’ll gradually earn Tryout credits, similar to cashback.

Once you’ve accrued a credit, you can redeem it for a free live reading, up to 5 minutes, with an advisor you haven’t connected with before.

Keep an eye out for the orange icon on eligible advisors’ profiles, indicating their participation. Remember, these Tryout minutes don’t expire, but they’re a one-time perk per new advisor.

Available Online and Through Mobile Apps

The Purple Garden mobile app is designed for people who wish to receive the best psychic readings while on the move.

It allows you to easily browse a list of psychics, choose any of the best psychics available, and connect with them through text chat, phone call, or live video chat with just a few clicks.

Even if your preferred psychic is unavailable, the app will send you a notification as soon as the psychic is available. The Purple Garden mobile app is a convenient and powerful tool with everything you need.

Free Horoscopes

You can unlock a glimpse into the cosmos with Purple Garden’s free astrology horoscopes. And they offer different options. For instance, you may start your day with insightful daily snippets. Purple promises to offer a snapshot of the celestial energies influencing your zodiac sign.

Or, plan your week with confidence using their weekly forecasts, gaining a broader perspective on upcoming trends and potential turning points in your life’s journey.

For a deeper dive, explore the monthly predictions that unveil long-term patterns and major life themes to provide valuable insights for both your personal and professional planning.

Purple Garden Prices and Special Deals

Looking for the best cheap psychics? Check out the special offers available on Purple Garden.

Frequent Offers and Discounts

The platform offers a chance to connect with experienced psychics screened and trained to deliver accurate and insightful revelations at an affordable price. Starting from as low as $0.99 a minute, you can enjoy this service without breaking the bank.

Additionally, if you’re a new user, you’ll receive a free $30 credit when you deposit $10, making it easier than ever to try out the platform.

The psychics on the platform undergo rigorous screening to ensure accuracy. The cost ranges from low to mid-range, with a maximum of $24.99 per minute, making Purple Garden one of the most reasonably priced psychic reading services.

You can opt for phone psychics or readings via chat or video call, all conveniently accessible via their mobile app.

Cashback Program

Purple Garden’s Cashback program lets you earn a percentage back on every purchase you make, with no limit to how much you can accumulate. Once you’ve gathered $10 or more in cashback, you can redeem it as credit towards your next insightful reading!

Just be sure to use your earned cashback within six months, as those credits do have an expiration date.

Beyond cashback, keep an eye out for their referral program, which can offer even more opportunities to save on your readings.

>>Get a free $30 on your first purchase

Purple Garden Customer Reviews

Let’s see what folks online are saying about their experiences with Purple Garden, especially on those popular review hubs, Trustpilot and Reddit.

Purple Garden Reviews on Trustpilot

Purple Garden enjoys an average rating of 4.3 out of 5 stars on Trustpilot from 117 reviews, with over 60% being glowing five-star experiences. Users like Isaac praise the website’s simplicity and ease of navigation, leading to connections with “really nice and good” psychics and some of their best readings ever [1].

Another user expressed delight about the platform’s rigorous vetting process and the accuracy of the readings they’ve received, expressing overall satisfaction [2].

However, not all feedback is entirely positive. Mia felt her psychic, while providing some good insights, didn’t delve deeply enough into her situation [3].

Similarly, another user, after exploring many of the 24-hour video readings, perceived a reliance on personal opinions over genuine psychic ability. That said, they were notably impressed by one particular, infrequently available advisor [4].

Purple Garden Reviews on Reddit

Within a Reddit thread on r/psychics where users shared their experiences with Purple Garden, one commenter, initially skeptical of online readings, decided to try the platform after seeing multiple positive reviews. They appreciated the ability to filter psychics by expertise, which made the selection process feel tailored [5].

However, another user shared a starkly different experience, lamenting spending thousands on the platform and finding that the majority of readings simply echoed their desires, with only two being accurate [6].

Purple Garden Review: FAQs

Still curious to learn more about Purple Garden? In this part of the Purple Garden review, we’ve answered the most commonly asked questions about the psychic platform.

How Does Purple Garden Work?

Purple Garden is an online platform where users can connect with psychic readers for on-demand readings. It offers various communication methods like chat, phone, and video, allowing users to browse psychic profiles, view their specialties and ratings, and select a reader for a session. The platform offers introductory rates or free minutes to new users.

Are Purple Garden Live Text Chats Saved?

Yes, Purple Garden live text chats are saved in your account and are accessible both on their website and within their mobile app for future reference.

Is There a Promo for Referring a Friend to Purple Garden?

Yes, Purple Garden offers a referral program where you receive a credit when your referred friend makes their first purchase of credits (excluding free readings). You are also rewarded with a credit once you purchase credits for a reading.

How Do I Enter My Promo Code for Purple Garden?

To enter your promo code for Purple Garden, open the app or website, ensure you’re logged in, navigate to your “Profile” (app) or the “Menu” (website), and then select “Apply promo code.” If eligible, the credit will be applied to your account; for errors, email a screenshot to the customer support team at support@purplegarden.co.

The Final Verdict of Our Purple Garden Review

We’ve come to the end of our Purple Garden review. Purple Garden specializes in providing accurate and top-notch psychic readings to those seeking the truth.

The platform has a remarkable feature of connecting its users with a vast network of trustworthy and screened psychics.

The best part about Purple Garden is its user-friendly interface, which offers pre-recorded readings and live sessions with psychics at your convenience.

Purple Garden offers different price options for its various reading types, including video chat, phone call, and text chat. However, there is no satisfaction guaranteed policy, which may make psychic experiences riskier for users on Purple Garden compared to other sites.

Nonetheless, Purple Garden’s pros outweigh the cons. Therefore, our verdict is that it’s a trustworthy platform for psychic readings online.

>>Get $30 free on your first purchase on Purple Garden

References
1. “Isaac Tidwell Gave Purple Garden 5 Stars. Check out the Full Review.” Trustpilot, https://www.trustpilot.com/reviews/680d73dcd3d3320dd103d3cf.
2. “Sunflower Gave Purple Garden 5 Stars. Check out the Full Review.” Trustpilot, https://www.trustpilot.com/reviews/67f453cc49af3b5ef1fac856.
3. “Mia Gave Purple Garden 3 Stars. Check out the Full Review.” Trustpilot, https://www.trustpilot.com/reviews/67e47b52c7d9b8f0054c3230.
4. “Swedishgirl Gave Purple Garden 2 Stars. Check out the Full Review.” Trustpilot, https://www.trustpilot.com/reviews/631f69226a3e1ed2c3d0dc85.
5. DanielTea. “Purple Garden Review: Worth Trying? : R/Psychics.” Reddit.Com, https://www.reddit.com/r/psychics/comments/1iolsb3/comment/mcxraln/.
6. DanielTea. “Purple Garden Review: Worth Trying? : R/Psychics.” Reddit.Com, https://www.reddit.com/r/psychics/comments/1iolsb3/comment/mcnji9l/
Contact Details:

Company Purple Garden

Address: Howard Street Suite 826

San Francisco, CA 94105

Website: https://www.purplegarden.co/

Email: support@purplegarden.co

Attachment
- Purple Garden
The MIL Network –
May 8, 2025
MIL-OSI: Caliber Announces First Quarter 2025 Earnings Release & Conference Call

Source: GlobeNewswire (MIL-OSI)

SCOTTSDALE, Ariz., May 08, 2025 (GLOBE NEWSWIRE) — Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, today announced that it will release its first quarter 2025 financial results after the close of the market on Thursday, May 15, 2025. Management invites all interested parties to its webcast/conference call the same day at 5:00 pm ET to discuss the results.

Investors and interested parties can access the live earnings call by dialing (800) 715-9871 (domestic) or (646) 307-1963 (international) and ask to join the Caliber call or use conference ID 8746759.

To listen to the call online, investors can visit the investor relations page of Caliber’s website at https://ir.caliberco.com/. The webcast replay of the conference call will be available on Caliber’s website shortly after the call concludes.

Additional details:
The news release and presentation materials will also be available on the Investor Relations site under “Financial Results”.

About Caliber (CaliberCos Inc.)

With over $2.9 billion in Managed Assets, Caliber’s 16-year track record of managing and developing real estate is built on a singular goal: to make money in all market conditions, specializing in hospitality, multi-family residential, and multi-tenant industrial. Our growth is fueled by performance and a key competitive advantage: we invest in projects, strategies, and geographies that global real estate institutions often overlook. Integral to this advantage is our in-house shared services group, which gives Caliber greater control over our real estate and enhanced visibility into future investment opportunities. There are multiple ways to participate in Caliber’s success: invest in Nasdaq-listed CaliberCos Inc. and/or invest directly in our Private Funds.

Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the Company’s public offering filed with the SEC and other reports filed with the SEC thereafter. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

CONTACTS:
Caliber Investor Relations:
Ilya Grozovsky
+1 480-214-1915
Ilya@CaliberCo.com

The MIL Network –

May 8, 2025

MIL-OSI: YieldMax™ Introduces Option Income Strategy ETF on Robinhood Markets, Inc. (HOOD)

Source: GlobeNewswire (MIL-OSI)

CHICAGO and MILWAUKEE and NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — YieldMax™ announced the launch today of the following ETF:

YieldMax™ HOOD Option Income Strategy ETF (NYSE Arca: HOOY)

HOOY seeks to generate current income by pursuing options-based strategies on Robinhood Markets, Inc. (HOOD). HOOY is managed by Tidal Financial Group. HOOY does not invest directly in HOOD.

HOOY is the newest member of the YieldMax™ ETF family and like all YieldMax™ ETFs, aims to deliver current income to investors. With respect to distributions, HOOY will be a Group C ETF, and its first distribution is expected to be announced on May 28, 2025. Please see the table below for distribution information for all outstanding YieldMax™ ETFs.

ETF Ticker¹	ETF Name	Distribution Frequency	Distribution per Share	Distribution Rate^2,4	30-Day SEC Yield³	ROC⁵
CHPY	YieldMax™ Semiconductor Portfolio Option Income ETF	*Weekly*	$0.3767	–	–	97.94%
GPTY	YieldMax™ AI & Tech Portfolio Option Income ETF	*Weekly*	$0.2738	35.61%	0.00%	100.00%
LFGY	YieldMax™ Crypto Industry & Tech Portfolio Option Income ETF	*Weekly*	$0.7511	105.48%	0.00%	100.00%
QDTY	YieldMax™ Nasdaq 100 0DTE Covered Call Strategy ETF	*Weekly*	$0.2841	36.92%	0.00%	100.00%
RDTY	YieldMax™ R2000 0DTE Covered Call Strategy ETF	*Weekly*	$0.4634	55.54%	0.00%	100.00%
SDTY	YieldMax™ S&P 500 0DTE Covered Call Strategy ETF	*Weekly*	$0.2714	33.51%	0.00%	100.00%
ULTY	YieldMax™ Ultra Option Income Strategy ETF	*Weekly*	$0.1181	103.33%	0.00%	100.00%
YMAG	YieldMax™ Magnificent 7 Fund of Option Income ETFs	*Weekly*	$0.1059	36.97%	70.00%	94.72%
YMAX	YieldMax™ Universe Fund of Option Income ETFs	*Weekly*	$0.1679	66.24%	95.10%	89.73%
BIGY	YieldMax™ Target 12™ Big 50 Option Income ETF	Monthly	$0.4609	12.17%	0.18%	66.89%
RNTY*	YieldMax™ Target 12™ Real Estate Option Income ETF	Monthly	–	–	–	–
SOXY	YieldMax™ Target 12™ Semiconductor Option Income ETF	Monthly	$0.4384	11.99%	0.12%	100.00%
ABNY	YieldMax™ ABNB Option Income Strategy ETF	Every 4 weeks	$0.6020	67.26%	3.22%	94.97%
AIYY	YieldMax™ AI Option Income Strategy ETF	Every 4 weeks	$0.3245	87.29%	3.75%	96.09%
AMDY	YieldMax™ AMD Option Income Strategy ETF	Every 4 weeks	$0.3365	62.11%	3.31%	94.47%
AMZY	YieldMax™ AMZN Option Income Strategy ETF	Every 4 weeks	$0.7963	65.77%	3.68%	94.99%
APLY	YieldMax™ AAPL Option Income Strategy ETF	Every 4 weeks	$0.6512	63.24%	3.13%	94.81%
BABO	YieldMax™ BABA Option Income Strategy ETF	Every 4 weeks	$0.6587	49.99%	4.01%	91.80%
CONY	YieldMax™ COIN Option Income Strategy ETF	Every 4 weeks	$0.6510	115.53%	3.39%	96.77%
CRSH	YieldMax™ Short TSLA Option Income Strategy ETF	Every 4 weeks	$0.5616	116.94%	1.81%	0.00%
CVNY	YieldMax™ CVNA Option Income Strategy ETF	Every 4 weeks	$2.6816	88.82%	2.37%	68.30%
DIPS	YieldMax™ Short NVDA Option Income Strategy ETF	Every 4 weeks	$0.6186	76.30%	2.19%	0.00%
DISO	YieldMax™ DIS Option Income Strategy ETF	Every 4 weeks	$0.5291	49.63%	3.72%	94.23%
FBY	YieldMax™ META Option Income Strategy ETF	Every 4 weeks	$0.5216	43.30%	3.86%	91.40%
FEAT	YieldMax™ Dorsey Wright Featured 5 Income ETF	Every 4 weeks	$1.6435	59.38%	55.86%	0.00%
FIAT	YieldMax™ Short COIN Option Income Strategy ETF	Every 4 weeks	$0.5618	105.46%	1.14%	0.00%
FIVY	YieldMax™ Dorsey Wright Hybrid 5 Income ETF	Every 4 weeks	$1.0283	35.56%	38.10%	0.00%
GDXY	YieldMax™ Gold Miners Option Income Strategy ETF	Every 4 weeks	$0.7284	60.35%	2.66%	0.00%
GOOY	YieldMax™ GOOGL Option Income Strategy ETF	Every 4 weeks	$0.3729	41.63%	3.52%	90.74%
JPMO	YieldMax™ JPM Option Income Strategy ETF	Every 4 weeks	$0.5612	46.19%	3.39%	92.60%
MARO	YieldMax™ MARA Option Income Strategy ETF	Every 4 weeks	$1.8468	110.67%	3.33%	97.16%
MRNY	YieldMax™ MRNA Option Income Strategy ETF	Every 4 weeks	$0.1261	71.18%	4.27%	0.00%
MSFO	YieldMax™ MSFT Option Income Strategy ETF	Every 4 weeks	$0.5255	40.57%	3.26%	92.04%
MSTY	YieldMax™ MSTR Option Income Strategy ETF	Every 4 weeks	$2.3734	123.15%	1.00%	98.39%
NFLY	YieldMax™ NFLX Option Income Strategy ETF	Every 4 weeks	$0.9230	65.94%	2.79%	95.72%
NVDY	YieldMax™ NVDA Option Income Strategy ETF	Every 4 weeks	$0.6734	57.41%	3.56%	85.30%
OARK	YieldMax™ Innovation Option Income Strategy ETF	Every 4 weeks	$0.2923	51.00%	3.10%	93.61%
PLTY	YieldMax™ PLTR Option Income Strategy ETF	Every 4 weeks	$4.6556	95.97%	2.36%	98.08%
PYPY	YieldMax™ PYPL Option Income Strategy ETF	Every 4 weeks	$0.5519	56.42%	3.54%	94.52%
SMCY	YieldMax™ SMCI Option Income Strategy ETF	Every 4 weeks	$1.4128	100.24%	3.85%	97.08%
SNOY	YieldMax™ SNOW Option Income Strategy ETF	Every 4 weeks	$0.6864	56.07%	2.87%	94.51%
TSLY	YieldMax™ TSLA Option Income Strategy ETF	Every 4 weeks	$0.6598	103.22%	3.27%	96.85%
TSMY	YieldMax™ TSM Option Income Strategy ETF	Every 4 weeks	$0.5635	49.99%	3.43%	16.38%
WNTR	YieldMax™ Short MSTR Option Income Strategy ETF	Every 4 weeks	$2.7190	85.90%	3.26%	95.65%
XOMO	YieldMax™ XOM Option Income Strategy ETF	Every 4 weeks	$0.3500	35.44%	3.42%	90.74%
XYZY	YieldMax™ XYZ Option Income Strategy ETF	Every 4 weeks	$0.4140	59.93%	3.80%	95.54%
YBIT	YieldMax™ Bitcoin Option Income Strategy ETF	Every 4 weeks	$0.4110	49.16%	1.20%	30.49%
YQQQ	YieldMax™ Short N100 Option Income Strategy ETF	Every 4 weeks	$0.4357	34.61%	2.97%	91.77%

Standardized Performance and Fund details can be obtained by clicking the ETF Ticker in the table above or by visiting us at www.yieldmaxetfs.com

Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (833) 378-0717.

Note: DIPS, FIAT, CRSH, YQQQ and WNTR are hereinafter referred to as the “Short ETFs.”

Distributions are not guaranteed. The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from period to period and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.

Investors in the Funds will not have rights to receive dividends or other distributions with respect to the underlying reference asset(s).

*The inception date for RNTY is April 16, 2025.

¹All YieldMax™ ETFs shown in the table above (except YMAX, YMAG, FEAT, FIVY and ULTY) have a gross expense ratio of 0.99%. YMAX and FEAT have a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.99% for a gross expense ratio of 1.28%. YMAG has a management fee of 0.29% and Acquired Fund Fees and Expenses of 0.83% for a gross expense ratio of 1.12%. FIVY has a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.59% for a gross expense ratio of 0.88%. “Acquired Fund Fees and Expenses” are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, namely other YieldMax™ ETFs. ULTY has a gross expense ratio of 1.40%, and a net expense ratio after the fee waiver of 1.30%. The Advisor has agreed to a fee waiver of 0.10% through at least February 28, 2026.

²The Distribution Rate shown is as of close on May 7, 2025. The Distribution Rate is the annual distribution rate an investor would receive if the most recent distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing an ETF’s Distribution per Share and dividing such annualized amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.

³The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended April 30, 2025, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.

⁴Each ETF’s strategy (except those of the Short ETFs) will cap potential gains if its reference asset’s shares increase in value, yet subjects an investor to all potential losses if the reference asset’s shares decrease in value. Such potential losses may not be offset by income received by the ETF. Each Short ETF’s strategy will cap potential gains if its reference asset decreases in value, yet subjects an investor to all potential losses if the reference asset increases in value. Such potential losses may not be offset by income received by the ETF.

⁵ROC refers to Return of Capital. The ROC percentage is the portion of the distribution that represents an investor’s original investment.

Each Fund has a limited operating history and while each Fund’s objective is to provide current income, there is no guarantee the Fund will make a distribution. Distributions are likely to vary greatly in amount.

Important Information

This material must be preceded or accompanied by the prospectus. For all prospectuses, click here.

Tidal Financial Group is the adviser for all YieldMax™ ETFs.

THE FUND, TRUST, AND ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING REFERENCE ASSET.

Risk Disclosures

Investing involves risk. Principal loss is possible.

Referenced Index Risk. The Fund invests in options contracts that are based on the value of the Index (or the Index ETFs). This subjects the Fund to certain of the same risks as if it owned shares of companies that comprised the Index or an ETF that tracks the Index, even though it does not.

Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

Russell 2000 Index Risks. The Index, which consists of small-cap U.S. companies, is particularly susceptible to economic changes, as these firms often have less financial resilience than larger companies. Market volatility can disproportionately affect these smaller businesses, leading to significant price swings. Additionally, these companies are often more exposed to specific industry risks and have less diverse revenue streams. They can also be more vulnerable to changes in domestic regulatory or policy environments.

Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold call options and over longer periods.

Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other Index (or ETFs that track the Index’s performance)holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary Index (or ETFs that track the Index’s performance) securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next. Additionally, monthly distributions, if any, may consist of returns of capital, which would decrease the Fund’s NAV and trading price over time.

High Index (or Index ETF) Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high Index (or Index ETF) turnover rate increases transaction costs, which may increase the Fund’s expenses.

Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying reference asset over the Call Period.

Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security (ARKK, TSLA, AAPL, NVDA, AMZN, META, GOOGL, NFLX, COIN, MSFT, DIS, XOM, JPM, AMD, PYPL, SQ, MRNA, AI, MSTR, Bitcoin ETP, GDX®, SNOW, ABNB, BABA, TSM, SMCI, PLTR, MARA, CVNA, HOOD), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

Risk Disclosures (applicable only to GPTY)

Artificial Intelligence Risk. Issuers engaged in artificial intelligence typically have high research and capital expenditures and, as a result, their profitability can vary widely, if they are profitable at all. The space in which they are engaged is highly competitive and issuers’ products and services may become obsolete very quickly. These companies are heavily dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. The issuers are also subject to legal, regulatory and political changes that may have a large impact on their profitability. A failure in an issuer’s product or even questions about the safety of the product could be devastating to the issuer, especially if it is the marquee product of the issuer. It can be difficult to accurately capture what qualifies as an artificial intelligence company.

Technology Sector Risk. The Fund will invest substantially in companies in the information technology sector, and therefore the performance of the Fund could be negatively impacted by events affecting this sector. Market or economic factors impacting technology companies and companies that rely heavily on technological advances could have a significant effect on the value of the Fund’s investments. The value of stocks of information technology companies and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition, both domestically and internationally, including competition from foreign competitors with lower production costs. Stocks of information technology companies and companies that rely heavily on technology, especially those of smaller, less-seasoned companies, tend to be more volatile than the overall market. Information technology companies are heavily dependent on patent and intellectual property rights, the loss or impairment of which may adversely affect profitability.

Risk Disclosure (applicable only to MARO)

Digital Assets Risk: The Fund does not invest directly in Bitcoin or any other digital assets. The Fund does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. The Fund does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than the Fund. Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility.

Risk Disclosures (applicable only to BABO and TSMY)

Currency Risk: Indirect exposure to foreign currencies subjects the Fund to the risk that currencies will decline in value relative to the U.S. dollar. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad.

Depositary Receipts Risk: The securities underlying BABO and TSMY are American Depositary Receipts (“ADRs”). Investment in ADRs may be less liquid than the underlying shares in their primary trading market.

Foreign Market and Trading Risk: The trading markets for many foreign securities are not as active as U.S. markets and may have less governmental regulation and oversight.

Foreign Securities Risk: Investments in securities of non-U.S. issuers involve certain risks that may not be present with investments in securities of U.S. issuers, such as risk of loss due to foreign currency fluctuations or to political or economic instability, as well as varying regulatory requirements applicable to investments in non-U.S. issuers. There may be less information publicly available about a non-U.S. issuer than a U.S. issuer. Non-U.S. issuers may also be subject to different regulatory, accounting, auditing, financial reporting and investor protection standards than U.S. issuers.

Risk Disclosures (applicable only to GDXY)

Risk of Investing in Foreign Securities. The Fund is exposed indirectly to the securities of foreign issuers selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies. Investments in the securities of foreign issuers involve risks beyond those associated with investments in U.S. securities.

Risk of Investing in Gold and Silver Mining Companies. The Fund is exposed indirectly to gold and silver mining companies selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies.

The Fund invests in options contracts based on the value of the VanEck Gold Miners ETF (GDX®), which subjects the Fund to some of the same risks as if it owned GDX®, as well as the risks associated with Canadian, Australian and Emerging Market Issuers, and Small-and Medium-Capitalization companies.

Risk Disclosures (applicable only to YBIT)

YBIT does not invest directly in Bitcoin or any other digital assets. YBIT does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. YBIT does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than YBIT.

Bitcoin Investment Risk: The Fund’s indirect investment in Bitcoin, through holdings in one or more Underlying ETPs, exposes it to the unique risks of this emerging innovation. Bitcoin’s price is highly volatile, and its market is influenced by the changing Bitcoin network, fluctuating acceptance levels, and unpredictable usage trends.

Digital Assets Risk: Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility. Potentially No 1940 Act Protections. As of the date of this Prospectus, there is only a single eligible Underlying ETP, and it is an investment company subject to the 1940 Act.

Bitcoin ETP Risk: The Fund invests in options contracts that are based on the value of the Bitcoin ETP. This subjects the Fund to certain of the same risks as if it owned shares of the Bitcoin ETP, even though it does not. Bitcoin ETPs are subject, but not limited, to significant risk and heightened volatility. An investor in a Bitcoin ETP may lose their entire investment. Bitcoin ETPs are not suitable for all investors. In addition, not all Bitcoin ETPs are registered under the Investment Company Act of 1940. Those Bitcoin ETPs that are not registered under such statute are therefore not subject to the same regulations as exchange traded products that are so registered.

Risk Disclosures (applicable only to the Short ETFs)

Investing involves risk. Principal loss is possible.

Price Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the value of the underlying reference asset. This strategy subjects the Fund to certain of the same risks as if it shorted the underlying reference asset, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the value of the underlying reference asset, the Fund is subject to the risk that the value of the underlying reference asset increases. If the value of the underlying reference asset increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses.

Put Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s put writing (selling) strategy will impact the extent that the Fund participates in decreases in the value of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold put options and over longer periods.

Purchased OTM Call Options Risk. The Fund’s strategy is subject to potential losses if the underlying reference asset increases in value, which may not be offset by the purchase of out-of-the-money (OTM) call options. The Fund purchases OTM calls to seek to manage (cap) the Fund’s potential losses from the Fund’s short exposure to the underlying reference asset if it appreciates significantly in value. However, the OTM call options will cap the Fund’s losses only to the extent that the value of the underlying reference asset increases to a level that is at or above the strike level of the purchased OTM call options. Any increase in the value of the underlying reference asset to a level that is below the strike level of the purchased OTM call options will result in a corresponding loss for the Fund. For example, if the OTM call options have a strike level that is approximately 100% above the then-current value of the underlying reference asset at the time of the call option purchase, and the value of the underlying reference asset increases by at least 100% during the term of the purchased OTM call options, the Fund will lose all its value. Since the Fund bears the costs of purchasing the OTM calls, such costs will decrease the Fund’s value and/or any income otherwise generated by the Fund’s investment strategy.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying reference asset, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings.

Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

Price Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will participate in decreases in value experienced by the underlying reference asset over the Put Period.

Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, for any Fund that focuses on an individual security (e.g., TSLA, COIN, NVDA, MSTR), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

Risk Disclosures (applicable only to CHPY)

Semiconductor Industry Risk. Semiconductor companies may face intense competition, both domestically and internationally, and such competition may have an adverse effect on their profit margins. Semiconductor companies may have limited product lines, markets, financial resources or personnel. Semiconductor companies’ supply chain and operations are dependent on the availability of materials that meet exacting standards and the use of third parties to provide components and services.

The products of semiconductor companies may face obsolescence due to rapid technological developments and frequent new product introduction, unpredictable changes in growth rates and competition for the services of qualified personnel. Capital equipment expenditures could be substantial, and equipment generally suffers from rapid obsolescence. Companies in the semiconductor industry are heavily dependent on patent and intellectual property rights. The loss or impairment of these rights would adversely affect the profitability of these companies.

Risk Disclosures (applicable only to YQQQ)

Index Overview. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization.

Index Level Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the Index level. This strategy subjects the Fund to certain of the same risks as if it shorted the Index, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the Index level, the Fund is subject to the risk that the Index level increases. If the Index level increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses. The Fund may also be subject to the following risks: innovation and technological advancement; strong market presence of Index constituent companies; adaptability to global market trends; and resilience and recovery potential.

Index Level Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will benefit from decreases in the Index level experienced over the Put Period. This means that if the Index level experiences a decrease in value below the strike level of the sold put options during a Put Period, the Fund will likely not experience that increase to the same extent and any Fund gains may significantly differ from the level of the Index losses over the Put Period. Additionally, because the Fund is limited in the degree to which it will participate in decreases in value experienced by the Index level over each Put Period, but has significant negative exposure to any increases in value experienced by the Index level over the Put Period, the NAV of the Fund may decrease over any given period. The Fund’s NAV is dependent on the value of each options portfolio, which is based principally upon the inverse of the performance of the Index level. The Fund’s ability to benefit from the Index level decreases will depend on prevailing market conditions, especially market volatility, at the time the Fund enters into the sold put option contracts and will vary from Put Period to Put Period. The value of the options contracts is affected by changes in the value and dividend rates of component companies that comprise the Index, changes in interest rates, changes in the actual or perceived volatility of the Index and the remaining time to the options’ expiration, as well as trading conditions in the options market. As the Index level changes and time moves towards the expiration of each Put Period, the value of the options contracts, and therefore the Fund’s NAV, will change. However, it is not expected for the Fund’s NAV to directly inversely correlate on a day-to-day basis with the returns of the Index level. The amount of time remaining until the options contract’s expiration date affects the impact that the value of the options contracts has on the Fund’s NAV, which may not be in full effect until the expiration date of the Fund’s options contracts. Therefore, while changes in the Index level will result in changes to the Fund’s NAV, the Fund generally anticipates that the rate of change in the Fund’s NAV will be different than the inverse of the changes experienced by the Index level.

YieldMax™ ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Financial Group, or YieldMax™ ETFs.

The MIL Network –

May 8, 2025

MIL-OSI: OTC Markets Group Welcomes Zoomcar Holdings, Inc. to OTCQX

Source: GlobeNewswire (MIL-OSI)

NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Zoomcar Holdings, Inc. (OTCQX: ZCAR) (“Zoomcar”), leading marketplace for self-drive car sharing in India, has qualified to trade on the OTCQX® Best Market. Zoomcar previously traded on NASDAQ.

Zoomcar begins trading today on OTCQX under the symbol “ZCAR.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

About Zoomcar
Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for self-drive car sharing focused in India. The Zoomcar community connects Hosts with Guests, who choose from a selection of cars for use at affordable prices, promoting sustainable, smart transportation solutions in India.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX^® Best Market, OTCQB^® Venture Market and Pink^® Open Market.

Our OTC Link^® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

Subscribe to the OTC Markets RSS Feed

Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

The MIL Network –

May 8, 2025

MIL-OSI: Talen Energy Reports First Quarter 2025 Results, Affirms and Narrows 2025 Guidance

Source: GlobeNewswire (MIL-OSI)

Earnings Release Highlights

First quarter GAAP Net Income (Loss) Attributable to Stockholders of $(135) million.

First quarter Adjusted EBITDA of $200 million and Adjusted Free Cash Flow of $87 million, ahead of internal estimates.

Affirming and narrowing 2025 guidance; 2026 outlook unchanged.

Extended the Susquehanna Unit 2 refueling outage to perform incremental maintenance that is expected to improve capacity performance and efficiency.

The Federal Energy Regulatory Commission (the “FERC”) approved the terms of the reliability-must-run (“RMR”) settlement agreement between Talen, PJM, and key stakeholders to run units at Brandon Shores and H.A. Wagner generation facilities through May 31, 2029.

HOUSTON, May 08, 2025 (GLOBE NEWSWIRE) — Talen Energy Corporation (“Talen,” the “Company,” “we,” or “our”) (NASDAQ: TLN), an independent power producer dedicated to powering the future, today reported its first quarter 2025 financial and operating results.

“We are pleased today to report Talen’s solid start to the year. Our fleet ran well during periods of high demand demonstrating the value of our dispatchable fleet, earning $200 million of Adjusted EBITDA and $87 million of Adjusted Free Cash Flow. We are affirming and narrowing guidance. We remain committed to shareholders and continued to repurchase stock during the first quarter under our share repurchase program,” said Talen President and Chief Executive Officer Mac McFarland.

McFarland continued, “The FERC approved our RMR settlement agreement, ensuring the units at our Brandon Shores and H.A. Wagner assets continue to support the grid in and around Baltimore. The AWS campus is energized and we are actively executing under this arrangement. We continue to pursue commercial and regulatory solutions for the Susquehanna ISA amendment.”

Summary of Financial and Operating Results (Unaudited)

	Three Months Ended March 31,
(Millions of Dollars Unless Otherwise Stated)	2025			2024
GAAP Net Income (Loss) Attributable to Stockholders	$	(135	)	$	294
Adjusted EBITDA		200			289
Adjusted Free Cash Flow		87			194
Total Generation (TWh) ^(a)		9.7			8.1
Carbon-Free Generation		46	%		58	%
OSHA TRIR ^(b)		0.4			0.3
Fleet EFOF ^(c)		1.2	%		1.9	%

______________________

^(a)	^{Total generation is net of station use consumption, where applicable, includes volumes produced by Susquehanna in support of Nautilus operations and includes generation from ERCOT assets for the three months ended March 31, 2024.}
^(b)	^{OSHA Total Recordable Incident Rate (“OSHA TRIR”) is the number of recordable incidents x 200,000 / total number of manhours worked. Only includes Talen-operated generation facilities (i.e., excludes Conemaugh and Keystone).}
^(c)	^{Fleet Equivalent Forced Outage Factor (“Fleet EFOF”) is the percentage of a given period in which a generating unit is not available due to forced outages and forced de-rates. Represents all generation facilities, including our portion of partially-owned facilities.}

For the quarter ended March 31, 2025, we reported GAAP Net Income (Loss) Attributable to Stockholders of $(135) million, Adjusted EBITDA of $200 million and Adjusted Free Cash Flow of $87 million. GAAP Net Income (Loss) Attributable to Stockholders decreased $(429) million compared to prior year, primarily due to the absence of the gain on the sale of the AWS Data Campus, unrealized losses in the nuclear facility decommission trust, and lower realized hedge gains due to higher settled PJM West Hub on-peak prices as a result of colder than normal weather. The decrease in Adjusted EBITDA of $(89) million and Adjusted Free Cash Flow of $(107) million compared to first quarter 2024 was primarily due to lower realized hedge gains.

Our generation fleet continued to run reliably and safely, with a Fleet EFOF of 1.2% and an OSHA TRIR of 0.4. Total generation was 9.7 TWh, with 46% contributed from carbon-free nuclear generation at our Susquehanna nuclear facility. Also, our PJM gas-fired assets were dispatched more frequently during times of peak load than they were in 2024.

Affirming and Narrowing 2025 Guidance; 2026 Outlook Unchanged

(Millions of Dollars)		2025E
Adjusted EBITDA		$975 – $1,125
Adjusted Free Cash Flow		$450 – $540

Susquehanna Refueling Outage

On March 25, 2025, Susquehanna commenced its planned refueling outage on Unit 2. During the outage, we identified incremental maintenance in the non-nuclear portion of the Unit which we expect will lead to operational efficiency. As a prudent operator, we have elected to complete this scope of work while Unit 2 is already in outage and market prices and demand are relatively low. The incremental maintenance investment is expected to add roughly $20 million of additional spend and extend the outage into mid-May. We anticipate the resulting improvements in operational efficiency of Unit 2 will be long-term in nature and pay back the additional costs and lost margin in approximately one-and-a-half years.

RMR Arrangement

On May 1, 2025, the FERC approved the terms under which Talen will operate the units at its Brandon Shores and H.A. Wagner generation facilities until May 31, 2029, beyond their scheduled May 31, 2025 retirement dates. Talen, PJM, and a broad coalition of the Maryland Public Service Commission, Maryland customers, and electric utilities reached agreement in January 2025 on the “reliability-must-run” or “RMR” agreement. Under the RMR agreement, Brandon Shores Units 1 and 2 and H.A. Wagner Units 3 and 4 will remain in service and provide power necessary to maintain grid and transmission reliability in and around the City of Baltimore until transmission upgrades to provide reliable power to the area from other sources are complete. Beginning June 1, 2025, we expect to receive $145 million annually for Brandon Shores and $35 million for H.A. Wagner with some performance incentives.

Share Repurchases

Since the start of 2024, we have repurchased approximately 14 million shares, or 23% of our outstanding shares, for a total of approximately $2 billion, with $995 million remaining under our share repurchase program through year-end 2026. During the first quarter 2025, we repurchased 452,130 shares of stock for a total of $83 million. All share repurchase amounts exclude transaction costs.

Balance Sheet and Liquidity

We are focused on maintaining net leverage below our target of 3.5x net debt-to-Adjusted EBITDA, along with ample liquidity. As of May 2, 2025, we had total available liquidity of approximately $970 million, comprised of $270 million of unrestricted cash and $700 million of available capacity under the revolving credit facility. Our projected net leverage ratio, utilizing the 2025E Adjusted EBITDA midpoint and net debt balance as of May 2, 2025, is approximately 2.6x.

Update on Hedging Activities

As of March 31, 2025, including the impact of the Nuclear PTC, we had hedged approximately 95% of our expected generation volumes for 2025, 60% for 2026 and 30% for 2027. The Company’s hedging program is a key component of our comprehensive risk policy and supports the objective of increasing cash flow stability while maintaining upside optionality.

Earnings Call

The Company will hold an earnings call on Thursday, May 8, 2025, at 9:00 a.m. EDT (8:00 a.m. CDT). To listen to the earnings call, please register in advance for the webcast here. For participants joining the call via phone, please register here prior to the start time to receive dial-in information. For those unable to participate in the live event, a digital replay of the earnings call will be archived for approximately one year and available on Talen’s Investor Relations website at https://ir.talenenergy.com/news-events/events.

About Talen

Talen Energy (NASDAQ: TLN) is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 10.7 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic and Montana. Our team is committed to generating power safely and reliably and delivering the most value per megawatt produced. Talen is also powering the digital infrastructure revolution. We are well-positioned to capture this significant growth opportunity, as data centers serving artificial intelligence increasingly demand more reliable, clean power. Talen is headquartered in Houston, Texas. For more information, visit https://www.talenenergy.com/.

Investor Relations:
Sergio Castro
Vice President & Treasurer
InvestorRelations@talenenergy.com

Media:
Taryne Williams
Director, Corporate Communications
Taryne.Williams@talenenergy.com

Forward Looking Statements

This communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecasts,” “goal,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” or other forms of these words or similar words or expressions or the negative thereof, although not all forward-looking statements contain these terms. Forward-looking statements address future events and conditions concerning, among other things, capital expenditures, earnings, litigation, regulatory matters, hedging, liquidity and capital resources and accounting matters. Forward-looking statements are subject to substantial risks and uncertainties that could cause our future business, financial condition, results of operations or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this communication. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from expectations, and are subject to numerous factors that present considerable risks and uncertainties.


TALEN ENERGY CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

	Three Months Ended March 31,
(Millions of Dollars, except share data)	2025			2024
Capacity revenues	$	49		$	45
Energy and other revenues		582			572
Unrealized gain (loss) on derivative instruments		(241	)		(108	)
Operating Revenues		390			509

Fuel and energy purchases		(268	)		(150	)
Nuclear fuel amortization		(26	)		(35	)
Unrealized gain (loss) on derivative instruments		59			(27	)
Energy Expenses		(235	)		(212	)

Operating Expenses
Operation, maintenance and development		(146	)		(154	)
General and administrative		(34	)		(43	)
Depreciation, amortization and accretion		(74	)		(75	)
Other operating income (expense), net		(7	)		—
Operating Income (Loss)		(106	)		25
Nuclear decommissioning trust funds gain (loss), net		(12	)		75
Interest expense and other finance charges		(74	)		(59	)
Gain (loss) on sale of assets, net		2			324
Other non-operating income (expense), net		3			23
Income (Loss) Before Income Taxes		(187	)		388
Income tax benefit (expense)		52			(69	)
Net Income (Loss)		(135	)		319
Less: Net income (loss) attributable to noncontrolling interest		—			25
Net Income (Loss) Attributable to Stockholders	$	(135	)	$	294
Per Common Share
Net Income (Loss) Attributable to Stockholders – Basic	$	(2.94	)	$	5.00
Net Income (Loss) Attributable to Stockholders – Diluted	$	(2.94	)	$	4.84
Weighted-Average Number of Common Shares Outstanding – Basic (in thousands)		45,849			58,807
Weighted-Average Number of Common Shares Outstanding – Diluted (in thousands)		45,849			60,716

TALEN ENERGY CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(Millions of Dollars, except share data)	March 31, 2025			December 31, 2024
Assets
Cash and cash equivalents	$	295		$	328
Restricted cash and cash equivalents		25			37
Accounts receivable		100			123
Inventory, net		219			302
Derivative instruments		33			66
Other current assets		174			184
Total current assets		846			1,040
Property, plant and equipment, net		3,138			3,154
Nuclear decommissioning trust funds		1,717			1,724
Derivative instruments		5			5
Other noncurrent assets		159			183
Total Assets	$	5,865		$	6,106

Liabilities and Equity
Long-term debt, due within one year	$	17		$	17
Accrued interest		54			18
Accounts payable and other accrued liabilities		203			266
Derivative instruments		92			—
Other current liabilities		156			154
Total current liabilities		522			455
Long-term debt		2,975			2,987
Derivative instruments		42			7
Postretirement benefit obligations		289			305
Asset retirement obligations and accrued environmental costs		468			468
Deferred income taxes		294			362
Other noncurrent liabilities		95			135
Total Liabilities	$	4,685		$	4,719
Commitments and Contingencies

Stockholders’ Equity
Common stock ($0.001 par value, 350,000,000 shares authorized) ^(a)	$	—		$	—
Additional paid-in capital		1,718			1,725
Accumulated retained earnings (deficit)		(528	)		(326	)
Accumulated other comprehensive income (loss)		(10	)		(12	)
Total Stockholders’ Equity		1,180			1,387
Total Liabilities and Stockholders’ Equity	$	5,865		$	6,106

______________________
^{(a) 45,509,780 and 45,961,910 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively.}

TALEN ENERGY CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

	Three Months Ended March 31,
(Millions of Dollars)	2025			2024
Operating Activities
Net Income (Loss)	$	(135	)	$	319
Non-cash reconciliation adjustments:
Unrealized (gains) losses on derivative instruments	196			128
Depreciation, amortization and accretion	72			74
Deferred income taxes	(70		)	57
Nuclear fuel amortization	26			35
Nuclear decommissioning trust funds (gain) loss, net (excluding interest and fees)	23			(64		)
(Gain) loss on AWS Data Campus Sale	—			(324		)
Other	37			(42		)
Changes in assets and liabilities:
Accounts receivable	23			11
Inventory, net	83			89
Other assets	22			(1		)
Accounts payable and accrued liabilities	(60		)	(154		)
Accrued interest	36			29
Collateral received (posted), net	(67		)	5
Other liabilities	(67		)	11
Net cash provided by (used in) operating activities	119			173
Investing Activities
Nuclear decommissioning trust funds investment purchases	(592		)	(564		)
Nuclear decommissioning trust funds investment sale proceeds	581			553
Nuclear fuel expenditures	(46		)	(41		)
Property, plant and equipment expenditures	(18		)	(25		)
Proceeds from AWS Data Campus Sale	—			339
Other	7			3
Net cash provided by (used in) investing activities	(68		)	265
Financing Activities
Share repurchases	(83		)	(30		)
Deferred financing costs	(9		)	—
Debt repayments	(4		)	(2		)
Cumulus Digital TLF repayment	—			(182		)
Repurchase of noncontrolling interest	—			(39		)
Other	—			(6		)
Net cash provided by (used in) financing activities	(96		)	(259		)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents	(45		)	179
Beginning of period cash and cash equivalents and restricted cash and cash equivalents	365			901
End of period cash and cash equivalents and restricted cash and cash equivalents	$	320		$	1,080

Non-GAAP Financial Measures

Adjusted EBITDA and Adjusted Free Cash Flow, which we use as measures of our performance and liquidity, are not financial measures prepared under GAAP. Non-GAAP financial measures do not have definitions under GAAP and may be defined and calculated differently by, and not be comparable to, similarly titled measures used by other companies. Non-GAAP measures are not intended to replace the most comparable GAAP measures as indicators of performance. Generally, a non-GAAP financial measure is a numerical measure of financial performance, financial position, or cash flows that excludes (or includes) amounts that are included in (or excluded from) the most directly comparable measure calculated and presented in accordance with GAAP. Management cautions readers not to place undue reliance on the following non-GAAP financial measures, but to also consider them along with their most directly comparable GAAP financial measures. Non-GAAP measures have limitations as analytical tools and should not be considered in isolation or as a substitute for analyzing our results as reported under GAAP.

Adjusted EBITDA

We use Adjusted EBITDA to: (i) assist in comparing operating performance and readily view operating trends on a consistent basis from period to period without certain items that may distort financial results; (ii) plan and forecast overall expectations and evaluate actual results against such expectations; (iii) communicate with our Board of Directors, shareholders, creditors, analysts, and the broader financial community concerning our financial performance; (iv) set performance metrics for our annual short-term incentive compensation; and (v) assess compliance with our indebtedness.

Adjusted EBITDA is computed as net income (loss) adjusted, among other things, for certain: (i) nonrecurring charges; (ii) non-recurring gains; (iii) non-cash and other items; (iv) unusual market events; (v) any depreciation, amortization, or accretion; (vi) mark-to-market gains or losses; (vii) gains and losses on the nuclear facility decommissioning trust (“NDT”); (viii) gains and losses on asset sales, dispositions, and asset retirement; (ix) impairments, obsolescence, and net realizable value charges; (x) interest expense; (xi) income taxes; (xii) legal settlements, liquidated damages, and contractual terminations; (xiii) development expenses; (xiv) noncontrolling interests, except where otherwise noted; and (xv) other adjustments. Such adjustments are computed consistently with the provisions of our indebtedness to the extent that they can be derived from the financial records of the business. Pursuant to TES’s debt agreements, Cumulus Digital contributes to Adjusted EBITDA beginning in the first quarter 2024, following termination of the Cumulus Digital credit facility and associated cash flow sweep.

Additionally, we believe investors commonly adjust net income (loss) information to eliminate the effect of nonrecurring restructuring expenses and other non-cash charges, which can vary widely from company to company and from period to period and impair comparability. We believe Adjusted EBITDA is useful to investors and other users of our financial statements to evaluate our operating performance because it provides an additional tool to compare business performance across companies and between periods. Adjusted EBITDA is widely used by investors to measure a company’s operating performance without regard to such items described above. These adjustments can vary substantially from company to company and period to period depending upon accounting policies, book value of assets, capital structure, and the method by which assets were acquired.

Adjusted Free Cash Flow

Adjusted Free Cash Flow is utilized by our chief operating decision makers to evaluate cash flow activities. Adjusted Free Cash Flow is computed as Adjusted EBITDA reduced by capital expenditures (including nuclear fuel but excluding development, growth, and (or) conversion capital expenditures), cash payments for interest and finance charges, cash payments for income taxes (excluding income taxes paid from the NDT, taxes paid or deductions taken as a result of strategic asset sales, and benefits of the Nuclear PTC utilized to reduce income taxes paid), and pension contributions.

We believe Adjusted Free Cash Flow is useful to investors and other users of our financial statements in evaluating our operating performance because it provides them with an additional tool to determine a company’s ability to meet future obligations and to compare business performance across companies and across periods. Adjusted Free Cash Flow is widely used by investors to measure a company’s levered cash flow without regard to items such as ARO settlements; nonrecurring development, growth and conversion expenditures; and cash proceeds or payments for the sale or purchase of assets, which can vary substantially from company to company and from period to period depending upon accounting methods, book value of assets, capital structure, and the method by which assets were acquired.

Adjusted EBITDA / Adjusted Free Cash Flow Reconciliation

The following table presents a reconciliation of the GAAP financial measure of “Net Income (Loss)” presented on the Consolidated Statements of Operations to the non-GAAP financial measures of Adjusted EBITDA and Adjusted Free Cash Flow:

	Three Months Ended March 31,
(Millions of Dollars)	2025			2024
Net Income (Loss)	$	(135	)	$	319
Adjustments
Interest expense and other finance charges		74			59
Income tax (benefit) expense		(52	)		69
Depreciation, amortization and accretion		74			75
Nuclear fuel amortization		26			35
Unrealized (gain) loss on commodity derivative contracts		182			134
Nuclear decommissioning trust funds (gain) loss, net		12			(75	)
Stock-based and other long-term incentive compensation expense		13			18
(Gain) loss on asset sales, net ^(a)		(2	)		(324	)
Operational and other restructuring activities		9			2
Noncontrolling interest		—			(11	)
Other		(1	)		(12	)
Total Adjusted EBITDA	$	200		$	289

Capital expenditures, net		(64	)		(59	)
Interest and finance charge payments		(23	)		(34	)
Income taxes		(9	)		—
Pension contributions		(17	)		(2	)
Total Adjusted Free Cash Flow	$	87		$	194

______________________
^{(a) See Note 18 to the Q1 2025 Financial Statements for additional information.}

Adjusted EBITDA / Adjusted Free Cash Flow Reconciliation: 2025 Guidance

	2025E
(Millions of Dollars)	Low			High
Net Income (Loss)	$	205		$	325

Adjustments
Interest expense and other finance charges		235			245
Income tax (benefit) expense		60			80
Depreciation, amortization and accretion		295			295
Nuclear fuel amortization		105			105
Unrealized (gain) loss on commodity derivative contracts		75			75
Adjusted EBITDA	$	975		$	1,125

Capital expenditures, net	$	(190	)	$	(210	)
Interest and finance charge payments		(210	)		(220	)
Income taxes		(70	)		(80	)
Pension contributions		(55	)		(75	)
Adjusted Free Cash Flow	$	450		$	540

______________________
^{Note: Figures are rounded to the nearest $5 million.}

The MIL Network –

May 8, 2025

MIL-OSI: Kaltura Announces Financial Results for First Quarter 2025

Source: GlobeNewswire (MIL-OSI)

NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Kaltura, Inc. (“Kaltura” or the “Company”), the video experience cloud, today announced financial results for the first quarter ended March 31, 2025, as well as outlook for the second quarter and full year 2025.

“We surpassed our guidance for the first quarter, delivering record total and subscription revenue, as well as significant Net loss improvement on a GAAP basis, and on a non-GAAP basis – a record positive Adjusted net income, Adjusted EBITDA, and earnings profitability per share. We also posted record ARR and the highest net dollar retention rate since the first quarter of 2022,” said Ron Yekutiel, Co-founder, Chairman, President and Chief Executive Officer of Kaltura. “We continue to forecast for the full year a return to growth of new bookings fueled by customer consolidation around our platform, maturity of our newer products, exciting new Gen AI capabilities which customers have increasingly been adopting, growth potential within our great customer base, and a gradual growth in our sales force.”

First Quarter 2025 Financial Highlights:

Revenue for the first quarter of 2025 was $47.0 million, an increase of 5% compared to $44.8 million for the first quarter of 2024.
Subscription Revenue for the first quarter of 2025 was $44.9 million, an increase of 9% compared to $41.2 million for the first quarter of 2024.
Annualized Recurring Revenue (ARR) for the first quarter of 2025 was $174.8 million, an increase of 7% compared to $162.7 million for the first quarter of 2024.
GAAP Gross profit for the first quarter of 2025 was $32.7 million, representing a gross margin of 70% compared to a GAAP gross profit of $28.6 million and gross margin of 64% for the first quarter of 2024.
Non-GAAP Gross profit for the first quarter of 2025 was $33.0 million, representing a non-GAAP gross margin of 70%, compared to a non-GAAP gross profit of $29.0 million and non-GAAP gross margin of 65% for the first quarter of 2024.
GAAP Operating loss was $1.6 million for the first quarter of 2025, compared to an operating loss of $7.3 million for the first quarter of 2024.
Non-GAAP Operating income was $3.1 million for the first quarter of 2025, compared to a non-GAAP operating loss of $0.6 million for the first quarter of 2024.
GAAP Net loss was $1.1 million or $0.01 per diluted share for the first quarter of 2025, compared to a GAAP net loss of $11.1 million, or $0.08 per diluted share, for the first quarter of 2024.
Non-GAAP Net income was $3.5 million or $0.02 per diluted share for the first quarter of 2025, compared to a non-GAAP net loss of $4.4 million, or $0.03 per diluted share, for the first quarter of 2024.
Adjusted EBITDA was $4.1 million for the first quarter of 2025, compared to adjusted EBITDA of $0.6 million for the first quarter of 2024.
Net Cash Used in Operating Activities was $1.0 million for the first quarter of 2025, compared to $1.1 million for the first quarter of 2024.

First Quarter 2025 Business Highlights:

Closed one new seven-digit deal and fifteen six-digit deals, similar to first quarter 2024, reflecting typical seasonality
Sequential and year-over-year improvement in net dollar retention rate, reaching 107% – best since first quarter of 2022
Growing interest in Gen AI products – more than 150 customers already showing interest representing roughly 20% of our customer base. We think this represents a significant upsell opportunity for us in the coming quarters
Recognized by Gartner as a representative vendor in their 2025 Market Guides for both Video Platform Services and Meeting Solutions
Kaltura TV Genie recently won the Product of the Year award for Streaming at the 2025 NAB Show
Held our first Investor Event in our NYC office and remotely using our Events Platform. Conducted product demos and a customer panel and provided additional insights about our long-term financial goal. Recording of the event and its presentation deck are available in the Investor section of our website
“Kaltura Connect on the road” series of customers events to be held in New York (May 13^th), San Francisco (May 15^th), and London (May 20^th), followed by six ‘Connect in Education’ events across the US and Europe and virtually for APAC organizations. Information is available on our website

Financial Outlook:

For the second quarter of 2025, Kaltura expects:

Subscription Revenue to be between $40.8 million and $41.6 million.
Total Revenue to be between $43.4 million and $44.2 million.
Adjusted EBITDA to be between $1.5 million to $2.5 million.

For the full year ending December 31, 2025, Kaltura expects:

Subscription Revenue to be between $170.4 million and $173.4 million.
Total Revenue to be between $179.9 million and $182.9 million.
Adjusted EBITDA to be in the range of $13.5 million to $15.5 million.

The guidance provided above contains forward-looking statements and actual results may differ materially. Refer to “Forward-Looking Statements” below for information on the factors that could cause our actual results to differ materially from these forward-looking statements. Kaltura has not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net loss within this press release because the Company is unable, without making unreasonable efforts, to calculate certain reconciling items with confidence. The reconciliation for Adjusted EBITDA includes but is not limited to the following items: stock-based compensation expenses, depreciation, amortization, financial expenses (income), net, provision for income tax, and other non-recurring operating expenses. These items, which could materially affect the computation of forward-looking GAAP net loss, are inherently uncertain and depend on various factors, some of which are outside of the Company’s control. The guidance above is based on the Company’s current expectations relating to the macro-economic climate trends.

Additional information on Kaltura’s reported results, including a reconciliation of the non-GAAP financial measures to their most comparable GAAP measures, is included in the financial tables below.

Investor Deck

Our first quarter and full year 2025 Investor Deck has been posted in the investor relations page on our website at: www.investors.kaltura.com.

Conference Call

Kaltura will host a conference call today on May 8, 2025 to review its first quarter 2025 financial results and to discuss its financial outlook.

	Time:	8:00 a.m. ET
	United States/Canada Toll Free:	1-877-407-0789
	International Toll:	+1-201-689-8562

A live webcast will also be available in the Investor Relations section of Kaltura’s website at: https://investors.kaltura.com/news-and-events/events

A replay of the webcast will be available in the Investor Relations section of the company’s web site approximately two hours after the conclusion of the call and remain available for approximately 30 calendar days.

About Kaltura

Kaltura’s mission is to create and power AI-infused hyper-personalized video experiences that boost customer and employee engagement and success. Kaltura’s AI Video Experience Cloud includes a platform for enterprise and TV content management and a wide array of Gen AI-infused video-first products, including Video Portals, LMS and CMS Video Extensions, Virtual Events and Webinars, Virtual Classrooms, and TV Streaming Applications. Kaltura engages millions of end-users at home, at work, and at school, boosting both customer and employee experiences, including marketing, sales, and customer success; teaching, learning, training and certification; communication and collaboration; and entertainment, and monetization. For more information, visit www.corp.kaltura.com. 

Investor Contacts:
Kaltura
John Doherty
Chief Financial Officer
IR@Kaltura.com

Sapphire Investor Relations
Erica Mannion and Michael Funari
+1 617 542 6180
IR@Kaltura.com

Media Contacts:
Kaltura
Nohar Zmora
pr.team@kaltura.com

Headline Media
Raanan Loew
raanan@headline.media
+1 347 897 9276

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements 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 our future financial and operating performance, including our guidance; our business strategy, plans and objectives for future operations; expectations with respect to our products and capabilities; our expectations regarding potential profitability and growth; and general economic, business and industry conditions, including expectations with respect to trends in customer consolidation and corporate spending.

In some cases, you can identify forward-looking statements by terminology such as “aim,” “anticipate,” “assume,” “believe,” “contemplate,” “continue,” “could,” “due,” “estimate,” “expect,” “goal,” “intend,” “may,” “objective,” “plan,” “predict,” “potential,” “positioned,” “seek,” “should,” “target,” “will,” “would” and other similar expressions that are predictions of or indicate future events and future trends, or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Any forward-looking statements contained herein are based on our historical performance and our current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent our expectations as of the date of this press release. Subsequent events may cause these expectations to change, and we disclaim any obligation to update the forward-looking statements in the future, except as required by law. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from our current expectations.

Important factors that could cause actual results to differ materially from those anticipated in our forward-looking statements include, but are not limited to, the current volatile economic climate and its direct and indirect impact on our business and operations; political, economic, and military conditions in Israel and other geographies; our ability to retain our customers and meet demand; our ability to achieve and maintain profitability; the evolution of the markets for our offerings; our ability to keep pace with technological and competitive developments; risks associated with our use of certain artificial intelligence and machine learning models; our ability to maintain the interoperability of our offerings across devices, operating systems and third-party applications; risks associated with our Application Programming Interfaces, other components in our offerings and other intellectual property; our ability to compete successfully against current and future competitors; our ability to increase customer revenue; risks related to our approach to revenue recognition; our potential exposure to cybersecurity threats; our compliance with data privacy and data protection laws; our ability to meet our contractual commitments; our reliance on third parties; our ability to retain our key personnel; risks related to revenue mix and customer base; risks related to our international operations; risks related to potential acquisitions; our ability to generate or raise additional capital; and the other risks under the caption “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission (“SEC”), as such factors may be updated from time to time in our other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov and the Investor Relations page of our website at investors.kaltura.com.

Non-GAAP Financial Measures

Kaltura has provided in this press release and the accompanying tables measures of financial information that have not been prepared in accordance with generally accepted accounting principles in the U.S. (“GAAP”), including non-GAAP gross profit, non-GAAP gross margin (calculated as a percentage of revenue), non-GAAP research and development expenses, non-GAAP sales and marketing expenses, non-GAAP general and administrative expenses, non-GAAP operating income (loss), non-GAAP operating margin (calculated as a percentage of revenue), non-GAAP net income (loss), non-GAAP net income (loss) per share and Adjusted EBITDA.
Kaltura defines these non-GAAP financial measures as the respective corresponding GAAP measure, adjusted for, as applicable: (1) stock-based compensation expense; (2) the amortization of acquired intangibles; and (3) war-related costs. Kaltura defines EBITDA as net profit (loss) before financial expenses (income), net, provision for income taxes, and depreciation and amortization expenses.

Adjusted EBITDA is defined as EBITDA (as defined above), adjusted for the impact of certain non-cash and other items that we believe are not indicative of our core operating performance, such as non-cash stock-based compensation expenses and certain non-recurring operating expenses. We believe these non-GAAP financial measures provide useful information to management and investors regarding certain financial and business trends relating to Kaltura’s financial condition and results of operations. These non-GAAP metrics are a supplemental measure of our performance, are not defined by or presented in accordance with GAAP, and should not be considered in isolation or as an alternative to net profit (loss) or any other performance measure prepared in accordance with GAAP. Non-GAAP financial measures are presented because we believe that they provide useful supplemental information to investors and analysts regarding our operating performance and are frequently used by these parties in evaluating companies in our industry. By presenting these non-GAAP financial measures, we provide a basis for comparison of our business operations between periods by excluding items that we do not believe are indicative of our core operating performance. We believe that investors’ understanding of our performance is enhanced by including these non-GAAP financial measures as a reasonable basis for comparing our ongoing results of operations. Additionally, our management uses these non-GAAP financial measures as supplemental measures of our performance because they assist us in comparing the operating performance of our business on a consistent basis between periods, as described above. Although we use the non-GAAP financial measures described above, such measures have significant limitations as analytical tools and only supplement but do not replace, our financial statements in accordance with GAAP. See the tables below regarding reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures.

Key Financial and Operating Metrics

Annualized Recurring Revenue. We use Annualized Recurring Revenue (“ARR”) as a measure of our revenue trend and an indicator of our future revenue opportunity from existing recurring customer contracts. We calculate ARR by annualizing our recurring revenue for the most recently completed fiscal quarter. Recurring revenues are generated from SaaS and PaaS subscriptions, as well as term licenses for software installed on the customer’s premises (“On-Prem”). For the SaaS and PaaS components, we calculate ARR by annualizing the actual recurring revenue recognized for the latest fiscal quarter. For the On-Prem components for which revenue recognition is not ratable across the license term, we calculate ARR for each contract by dividing the total contract value (excluding professional services) as of the last day of the specified period by the number of days in the contract term and then multiplying by 365. Recurring revenue excludes revenue from one-time professional services and setup fees. ARR is not adjusted for the impact of any known or projected future customer cancellations, upgrades or downgrades or price increases or decreases. The amount of actual revenue that we recognize over any 12-month period is likely to differ from ARR at the beginning of that period, sometimes significantly. This may occur due to new bookings, cancellations, upgrades or downgrades, pending renewals, professional services revenue, foreign exchange rate fluctuations and acquisitions or divestitures. ARR should be viewed independently of revenue as it is an operating metric and is not intended to be a replacement or forecast of revenue. Our calculation of ARR may differ from similarly titled metrics presented by other companies.

Net Dollar Retention Rate. Our Net Dollar Retention Rate, which we use to measure our success in retaining and growing recurring revenue from our existing customers, compares our recognized recurring revenue from a set of customers across comparable periods. We calculate our Net Dollar Retention Rate for a given period as the recognized recurring revenue from the latest reported fiscal quarter from the set of customers whose revenue existed in the reported fiscal quarter from the prior year (the numerator), divided by recognized recurring revenue from such customers for the same fiscal quarter in the prior year (denominator). For annual periods, we report Net Dollar Retention Rate as the arithmetic average of the Net Dollar Retention Rate for all fiscal quarters included in the period. We consider subdivisions of the same legal entity (for example, divisions of a parent company or separate campuses that are part of the same state university system), as well as Value-add Resellers (“VARs”) (meaning resellers that directly manage the relationship with the customer) and the customers they manage, to be a single customer for purposes of calculating our Net Dollar Retention Rate. Our calculation of Net Dollar Retention Rate for any fiscal period includes the positive recognized recurring revenue impacts of selling new services to existing customers and the negative recognized recurring revenue impacts of contraction and attrition among this set of customers. Our Net Dollar Retention Rate may fluctuate as a result of a number of factors, including the growing level of our revenue base, the level of penetration within our customer base, expansion of products and features, and our ability to retain our customers. Our calculation of Net Dollar Retention Rate may differ from similarly titled metrics presented by other companies.

Remaining Performance Obligations. Remaining Performance Obligations represents the amount of contracted future revenue that has not yet been delivered, including both subscription and professional services revenues. Remaining Performance Obligations consists of both deferred revenue and contracted non-cancelable amounts that will be invoiced and recognized in future periods. We expect to recognize 59% of our Remaining Performance Obligations as revenue over the next 12 months, and the remainder over a period of four years, in each case, in accordance with our revenue recognition policy; however, we cannot guarantee that any portion of our Remaining Performance Obligations will be recognized as revenue within the timeframe we expect or at all.


Consolidated Balance Sheets (U.S. dollars in thousands)

	As of
	March 31, 2025			December 31, 2024
	(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	31,695		$	33,059
Marketable securities		31,223			48,275
Trade receivables		18,209			19,978
Prepaid expenses and other current assets		9,943			9,481
Deferred contract acquisition and fulfillment costs, current		10,326			10,765

Total current assets		101,396			121,558

LONG-TERM ASSETS:
Marketable securities		18,004			3,379
Property and equipment, net		15,242			16,190
Other assets, noncurrent		3,120			2,983
Deferred contract acquisition and fulfillment costs, noncurrent		12,195			13,605
Operating lease right-of-use assets		11,670			12,308
Intangible assets, net		101			212
Goodwill		11,070			11,070

Total noncurrent assets		71,402			59,747

TOTAL ASSETS	$	172,798		$	181,305

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current portion of long-term loans	$	3,764		$	3,110
Trade payables		8,311			3,265
Employees and payroll accruals		15,033			15,399
Accrued expenses and other current liabilities		12,298			14,262
Operating lease liabilities		2,536			2,504
Deferred revenue, current		53,879			63,123

Total current liabilities		95,821			101,663
NONCURRENT LIABILITIES:
Deferred revenue, noncurrent		57			67
Long-term loans, net of current portion		27,886			29,153
Operating lease liabilities, noncurrent		14,365			15,263
Other liabilities, noncurrent		12,010			10,772

Total noncurrent liabilities		54,318			55,255
TOTAL LIABILITIES	$	150,139		$	156,918
STOCKHOLDERS’ EQUITY:
Common stock	$	16		$	15
Treasury stock		(10,119	)		(7,801	)
Additional paid-in capital		502,644			500,024
Accumulated other comprehensive income		47			959
Accumulated deficit		(469,929	)		(468,810	)
Total stockholders’ equity		22,659			24,387

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	172,798		$	181,305


Consolidated Statements of Operations (U.S. dollars in thousands, except for share data)

	Three Months Ended March 31,
		2025			2024
	(Unaudited)

Revenue:

Subscription	$	44,906		$	41,170
Professional services		2,078			3,611

Total revenue		46,984			44,781

Cost of revenue:

Subscription		10,487			11,401
Professional services		3,761			4,772

Total cost of revenue		14,248			16,173

Gross profit		32,736			28,608

Operating expenses:

Research and development		12,088			12,005
Sales and marketing		11,923			11,812
General and administrative		10,302			12,082

Total operating expenses		34,313			35,899

Operating loss		1,577			7,291

Financial expense (income), net		(1,803	)		1,497

Loss before provision for income taxes		226			(8,788	)
Provision for income taxes		1,345			2,308

Net loss	$	1,119		$	11,096

Net loss per share attributable to common stockholders, basic and diluted	$	0.01		$	0.08

Weighted average number of shares used in computing basic and diluted net loss per share attributable to common stockholders		154,009,623			144,253,660

Consolidated Statements of Operations (U.S. dollars in thousands, except for share data)

Stock-based compensation included in above line items:

	Three Months Ended March 31,
		2025		2024
	(Unaudited)

Cost of revenue	$	128	$	285
Research and development		849		1,172
Sales and marketing		432		770
General and administrative		3,124		4,302

Total	$	4,533	$	6,529


Revenue by Segment (U.S. dollars in thousands):

	Three Months Ended March 31,
		2025		2024
	(Unaudited)

Enterprise, Education and Technology	$	34,416	$	32,440
Media and Telecom		12,568		12,341

Total	$	46,984	$	44,781


Gross Profit by Segment (U.S. dollars in thousands):

	Three Months Ended March 31,
		2025		2024
	(Unaudited)

Enterprise, Education and Technology	$	26,568	$	23,556
Media and Telecom		6,168		5,052

Total	$	32,736	$	28,608


Consolidated Statement of Cash Flows (U.S. dollars in thousands)

	Three Months Ended March 31,
		2025			2024
	(Unaudited)
Cash flows from operating activities:
Net loss	$	(1,119	)	$	(11,096	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		1,185			1,305
Stock-based compensation expenses		4,533			6,529
Amortization of deferred contract acquisition and fulfillment costs		2,864			2,888
Non-cash interest income, net		(60	)		(286	)
Gain on foreign exchange		(61	)		(325	)
Changes in operating assets and liabilities:
Decrease in trade receivables		1,769			5,475
Increase in prepaid expenses and other current assets and other assets, noncurrent		(1,293	)		(560	)
Increase in deferred contract acquisition and fulfillment costs		(1,104	)		(1,067	)
Increase in trade payables		5,216			4,447
Increase (decrease) in accrued expenses and other current liabilities		(1,973	)		1,654
Decrease in employees and payroll accruals		(2,566	)		(1,099	)
Increase (decrease) in other liabilities, noncurrent		1,044			(36	)
Decrease in deferred revenue		(9,254	)		(8,617	)
Operating lease right-of-use assets and lease liabilities, net		(228	)		(358	)

Net cash used in operating activities		(1,047	)		(1,146	)

Cash flows from investing activities:

Investment in available-for-sale marketable securities		(26,390	)		(15,424	)
Proceeds from maturities of available-for-sale marketable securities		28,933			12,000
Purchases of property and equipment		(297	)		(93	)

Net cash provided by (used in) investing activities		2,246			(3,517	)

Cash flows from financing activities:

Repayment of long-term loans		(875	)		(875	)
Proceeds from exercise of stock options		1,470			104
Cash settlement of equity classified share-based payment awards		(889	)		—
Repurchase of common stock		(2,318	)		—
Payments on account of repurchase of common stock		(12	)		—
Payment of debt issuance costs		—			(10	)

Net cash used in financing activities		(2,624	)		(781	)

Effect of exchange rate changes on cash, cash equivalents and restricted cash		61			325

Net decrease in cash, cash equivalents and restricted cash	$	(1,364	)	$	(5,119	)
Cash, cash equivalents and restricted cash at the beginning of the period		33,159			36,784
Cash, cash equivalents and restricted cash at the end of the period	$	31,795		$	31,665


Reconciliation from GAAP to Non-GAAP Results (U.S. dollars in thousands, except per share data; Unaudited)

	Three Months Ended March 31,
		2025			2024
Reconciliation of gross profit and gross margin
GAAP gross profit	$	32,736		$	28,608
Stock-based compensation expense		128			285
Amortization of acquired intangibles		97			105
Non-GAAP gross profit	$	32,961		$	28,998
GAAP gross margin		70	%		64	%
Non-GAAP gross margin		70	%		65	%
Reconciliation of operating expenses
GAAP research and development expenses	$	12,088		$	12,005
Stock-based compensation expense		849			1,172
Amortization of acquired intangibles		—			—
Non-GAAP research and development expenses	$	11,239		$	10,833
GAAP sales and marketing	$	11,923		$	11,812
Stock-based compensation expense		432			770
Amortization of acquired intangibles		14			13
Non-GAAP sales and marketing expenses	$	11,477		$	11,029
GAAP general and administrative expenses	$	10,302		$	12,082
Stock-based compensation expense		3,124			4,302
Amortization of acquired intangibles		—			—
War related costs⁽^b⁾		—			21
Non-GAAP general and administrative expenses	$	7,178		$	7,759
Reconciliation of operating income (loss) and operating margin
GAAP operating loss	$	(1,577	)	$	(7,291	)
Stock-based compensation expense		4,533			6,529
Amortization of acquired intangibles		111			118
War related costs⁽^b⁾		—			21
Non-GAAP operating income (loss)	$	3,067		$	(623	)
GAAP operating margin		(3	)%		(16	)%
Non-GAAP operating margin		7	%		(1	)%
Reconciliation of net loss
GAAP net loss attributable to common stockholders	$	(1,119	)	$	(11,096	)
Stock-based compensation expense		4,533			6,529
Amortization of acquired intangibles		111			118
War related costs⁽^b⁾		—			21
Non-GAAP net income (loss) attributable to common stockholders	$	3,525		$	(4,428	)

Non-GAAP net income (loss) per share – basic and diluted	$	0.02		$	(0.03	)

Reconciliation of weighted average number of shares outstanding:
Weighted-average number of shares used in calculating GAAP and Non-GAAP net income (loss) per share, basic		154,009,623			144,253,660
Effect of dilutive shares used in calculating Non-GAAP net income (loss) per share, diluted ^(c)		11,294,304			—
Weighted-average number of shares used in calculating Non-GAAP net income (loss) per share, diluted		165,303,927			144,253,660


Adjusted EBITDA (U.S. dollars in thousands)

	Three Months Ended March 31,
		2025			2024

Net loss	$	(1,119	)	$	(11,096	)
Financial expenses (income), net ^(a)		(1,803	)		1,497
Provision for income taxes		1,345			2,308
Depreciation and amortization		1,185			1,305
EBITDA		(392	)		(5,986	)
Non-cash stock-based compensation expense		4,533			6,529
War related costs^(b)		—			21
Adjusted EBITDA	$	4,141		$	564

(a)	The three months ended March 31, 2025 and 2024, include $609 and $704, respectively, of interest expenses and $896 and $818, respectively, of interest income.

(b)	The three months ended March 31, 2024 includes costs related to conflicts in Israel, attributable to temporary relocation of key employees from Israel for business continuity purposes, purchase of emergency equipment for key employees for business continuity purposes, and charitable donations to communities directly impacted by the war.

(c)	The effect of these dilutive shares was not included in the GAAP calculation of diluted net loss per share for the three months ended March 31, 2025 and 2024 because the effect would have been anti-dilutive.


Reported KPIs

	March 31,
		2025		2024
	(U.S. dollars, amounts in thousands)
Annualized Recurring Revenue	$	174,842	$	162,713
Remaining Performance Obligations	$	184,860	$	165,224

	Three Months Ended March 31,
	2025		2024
Net Dollar Retention Rate	107	%	98	%

The MIL Network –

May 8, 2025

MIL-OSI: Dave Reports First Quarter 2025 Financial Results

Source: GlobeNewswire (MIL-OSI)

Q1 Revenue Hits $108.0 Million, Representing Accelerating Growth of 47% Y/Y

Q1 Net Income Reaches $28.8 Million; Adj. EBITDA Increases 235% Y/Y to $44.2 Million

Raises 2025 Revenue and Adj. EBITDA Guidance to $460-$475 Million and $155-$165 Million, respectively

LOS ANGELES, May 08, 2025 (GLOBE NEWSWIRE) — Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, today reported its financial results for the first quarter ended March 31, 2025.

“We knocked the cover off the ball in Q1,” said Jason Wilk, Founder and CEO of Dave. “Revenue grew at the fastest year-over-year pace since 2021 when our business was a fraction of its current size. Given the operating leverage of our business model, Adjusted EBITDA increased 235% year-over-year and 32% sequentially to $44.2 million. This acceleration was driven by solid execution across the business and amplified by the early success of our new fee structure, which has enhanced monetization and conversion rates while maintaining strong member retention.

“Despite the typical seasonal patterns that temper ExtraCash demand in Q1, we originated over $1.5 billion, up 46% from Q1 2024 and 3% from Q4. Meanwhile, our credit metrics continue to hit record levels with our 28-day delinquency rate dropping by 33 basis points year-over-year, driven by ongoing optimization of CashAI. These improvements contributed to another record quarter of non-GAAP variable margin, which reached 77%, nearly doubling over the past three years.

“Building on the success of CashAI and our increased confidence in our new fee model, in combination with our positive growth outlook, we are raising full year Revenue and Adjusted EBITDA guidance.”

Quarterly Financial Highlights ($ in millions, unaudited)

	1Q24	2Q24	3Q24	4Q24	1Q25
GAAP Operating Revenues, Net % Change vs. prior year period	$73.6 25%	$80.1 31%	$92.5 41%	$100.9 38%	$108.0 47%
Non-GAAP Variable Profit* % Change vs. prior year period	$49.9 47%	$51.8 57%	$64.2 72%	$72.6 58%	$83.4 67%
Non-GAAP Variable Profit Margin*	68%	65%	69%	72%	77%
GAAP Net Income	$34.2	$6.4	$0.5	$16.8	$28.8
Adjusted Net Income*	$8.1	$13.7	$21.1	$29.6	$36.3
Adjusted EBITDA*	$13.2	$15.2	$24.7	$33.4	$44.2

*Non-GAAP measures. See reconciliation of non-GAAP measures at the end of the press release.

First Quarter 2025 Operating Highlights (vs. First Quarter 2024)

New Members increased to 569,000 while customer acquisition costs increased $2, remaining highly efficient at $18
Monthly Transacting Members (“MTMs”) increased 13% to 2.5 million
ExtraCash originations increased 46% to $1.5 billion, while the average 28-Day delinquency rate improved 33 basis points to 1.50%
Dave Debit Card spend increased 24% to $488 million
For a full review of the Company’s key performance indicators, please refer to the Company’s First Quarter Earnings Presentation which can be found on the Investor Relations page of Dave’s website

Liquidity Summary

As of March 31, 2025, the Company had $89.7 million in cash and cash equivalents, marketable securities, investments, and restricted cash, down from $91.9 million as of December 31, 2024. The $2.2 million decrease reflects an $18.8 million increase in the net ExtraCash Receivables balance and over $20 million in cash used for restricted stock unit net settlements and share repurchases, offset by positive free cash flow generated during the quarter.

2025 Financial Guidance ($ in millions)

	Prior FY 2025	New FY 2025
GAAP Operating Revenues, Net Year-Over-Year Growth	$415 – $435 20% – 25%	$460 – $475 33% – 37%
Adjusted EBITDA* Year-Over-Year Growth	$110 – $120 27% – 39%	$155 – $165 79% – 91%

*Non-GAAP measure. The Company does not provide a quantitative reconciliation of forward-looking non-GAAP financial measures because it is unable to predict without unreasonable effort the exact amount or timing of the reconciling items, including interest expense, investment income, and loss provision, among others. The variability of these items could have a significant impact on our future GAAP financial results.

Dave’s CFO, Kyle Beilman, commented: “Our Q1 results demonstrate the continued financial strength and operating efficiency of our business model. We delivered meaningful growth during what is typically our lowest demand period, driven by continued growth in originations per member as a result of the improvements in unit economics and member lifetime value under our new fee model.

“Given our free cash flow generation, liquidity position and confidence in our outlook, our Board authorized a $50 million share repurchase program during the quarter, which we began executing in late Q1. In total, we deployed over $20 million during the quarter through share repurchases and RSU net settlements to reduce our share count. We will continue to evaluate these capital allocation tools as levers to enhance shareholder value, particularly as we believe our current valuation understates the strength of our fundamentals.”

Conference Call
Dave management will host a conference call on Thursday, May 8^th, 2025, at 8:30 a.m. Eastern time to discuss its full financial results for the first quarter ended March 31, 2025, followed by a question-and-answer period. The conference call details are as follows:

Date: Thursday, May 8^th, 2025
Time: 8:30 a.m. Eastern time
Toll-free dial-in number: (866) 652-5200
International dial-in number: (412) 317-6060
Webcast: link

The conference call will also be available for replay in the Events section of the Company’s website, along with the transcript, at https://investors.dave.com.

If you have any difficulty registering for or connecting to the conference call, please contact Elevate IR at DAVE@elevate-ir.com.

About Dave

Dave (Nasdaq: DAVE) is a leading U.S. neobank and fintech pioneer serving millions of everyday Americans. Dave uses disruptive technologies to provide best-in-class banking services at a fraction of the price of incumbents. For more information about the company, visit: www.dave.com. For investor information and updates, visit: investors.dave.com and follow @davebanking on X.

Forward-Looking Statements

This press release includes forward-looking statements, which are subject to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feels,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “remains,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, the quotations of our Chief Executive Officer and Chief Financial Officer relating to Dave’s future performance and growth, statements relating to fiscal year 2025 guidance, projected financial results for future periods, share repurchases, and other statements about future events. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: the ability of Dave to compete in its highly competitive industry; the ability of Dave to keep pace with the rapid technological developments in its industry and the larger financial services industry; the ability of Dave to manage risks associated with providing ExtraCash; the ability of Dave to retain its current customers, acquire new customers (collectively, “Members”) and sell additional functionality and services to its Members; the ability of Dave to protect intellectual property and trade secrets; the ability of Dave to maintain the integrity of its confidential information and information systems or comply with applicable privacy and data security requirements and regulations; the reliance by Dave on a single bank partner; the ability of Dave to maintain or secure current and future key banking relationships and other third-party service providers, including its ability to comply with applicable requirements of such third parties; the ability of Dave to comply with extensive and evolving laws and regulations applicable to its business; changes in applicable laws or regulations and extensive and evolving government regulations that impact operations and business; the ability to attract or maintain a qualified workforce; the level of product service failures that could lead Members to use competitors’ services; investigations, claims, disputes, enforcement actions, litigation and/or other regulatory or legal proceedings, including the Department of Justice’s lawsuit against Dave; the ability to maintain the listing of Dave Class A Common Stock on The Nasdaq Stock Market; the possibility that Dave may be adversely affected by other macroeconomic factors, including regulatory uncertainty, fluctuating interest rates, inflation, unemployment rates, consumer sentiment, market volatility and business, and/or competitive factors; and other risks and uncertainties discussed in Dave’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 4, 2025 and subsequent Quarterly Reports on Form 10-Q under the heading “Risk Factors,” filed with the SEC and other reports and documents Dave files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Dave undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

Non-GAAP Financial Information

This press release contains references to Adjusted EBITDA, which is a non-GAAP financial measure that is adjusted from results based on generally accepted accounting principles in the United States (“GAAP”) and excludes certain expenses, gains and losses. The Company defines and calculates Adjusted EBITDA as GAAP net income attributable to Dave before the impact of interest income or expense, provision for income taxes, and depreciation and amortization, and adjusted to exclude non-recurring legal settlement and litigation expenses, gain on extinguishment of convertible debt, stock-based compensation expense and certain other non-core items. The Company defines and calculates non-GAAP variable operating expenses as operating expenses excluding non-variable operating expenses. The Company defines non-variable operating expenses as all advertising and marketing operating expenses, compensation and benefits operating expenses, and certain operating expenses (legal, rent, technology/infrastructure, depreciation, amortization, charitable contributions, other operating expenses, upfront Member account activation costs and upfront Dave Banking expenses). The Company defines and calculates non-GAAP variable profit as GAAP Operating Revenues, Net less non-GAAP variable operating expenses. The Company defines and calculates non-GAAP variable profit margin as non-GAAP variable profit as a percent of GAAP Operating Revenues, Net. The Company defines and calculates adjusted net income as GAAP net income adjusted to exclude stock-based compensation, the gain on extinguishment of convertible debt, non-recurring legal settlement and litigation expenses, and certain other non-core items. The Company defines and calculates non-GAAP adjusted basic EPS and non-GAAP adjusted diluted EPS as adjusted net income divided by weighted average shares of common stock-basic and weighted average shares of common stock-diluted, respectively.

These non-GAAP financial measures may be helpful to the user in assessing our operating performance and facilitate an alternative comparison among fiscal periods. The Company’s management team uses these non-GAAP financial measures in assessing performance, as well as in planning and forecasting future periods. The methods the Company uses to compute these non-GAAP financial measures may differ from the methods used by other companies. Non-GAAP financial measures are supplemental, should not be considered a substitute for financial information presented in accordance with GAAP and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP.

Refer to the section further below for a reconciliation of Adjusted EBITDA to its most directly comparable GAAP measure for the three months ended March 31, 2025, and 2024.

Investor Relations Contact

Sean Mansouri, CFA
Elevate IR
DAVE@elevate-ir.com

Media Contact

Dan Ury
press@dave.com

DAVE INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
(unaudited)

	For the Three Months Ended March 31,
		2025			2024

Operating revenues:
Service based revenue, net	$	97.9		$	65.6
Transaction based revenue, net		10.1			8.0
Total operating revenues, net		108.0			73.6
Operating expenses:
Provision for credit losses		10.6			9.9
Processing and servicing costs		7.1			7.7
Advertising and marketing		10.3			9.1
Compensation and benefits		27.5			24.6
Other operating expenses		17.3			16.9
Total operating expenses		72.8			68.2
Other (income) expenses:
Interest expense, net		1.3			0.7
Gain on extinguishment of convertible debt		—			(33.4	)
Changes in fair value of earnout liabilities		(0.4	)		0.2
Changes in fair value of public and private warrant liabilities		0.4			0.5
Total other expense (income), net		1.3			(32.0	)
Net income before provision for income taxes		33.9			37.4
Provision for income taxes		5.1			3.2
Net income	$	28.8		$	34.2

Net income per share:
Basic	$	2.19		$	2.80
Diluted	$	1.97		$	2.60


RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP VARIABLE OPERATING EXPENSES
(in millions)
(unaudited)


	For the Three Months Ended March 31,
		2025			2024

Operating expenses	$	72.8		$	68.2
Non-variable operating expenses		(48.2	)		(44.5	)
Non-GAAP variable operating expenses	$	24.6		$	23.7


CALCULATION OF NON-GAAP VARIABLE PROFIT
(in millions)
(unaudited)


	For the Three Months Ended March 31,
		2025			2024

GAAP operating revenues, net	$	108.0		$	73.6
Non-GAAP variable operating expenses		(24.6	)		(23.7	)
Non-GAAP variable profit	$	83.4		$	49.9
Non-GAAP variable profit margin		77	%		68	%


DAVE INC.
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA
(in millions)
(unaudited)


	For the Three Months Ended March 31,
		2025			2024

Net income	$	28.8		$	34.2
Interest expense, net		1.3			0.7
Provision for income taxes		5.1			3.2
Depreciation and amortization		1.5			1.7
Stock-based compensation		7.5			6.1
Gain on extinguishment of convertible debt		—			(33.4	)
Changes in fair value of earnout liabilities		(0.4	)		0.2
Changes in fair value of public and private warrant liabilities		0.4			0.5
Adjusted EBITDA	$	44.2		$	13.2


DAVE INC.
RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME
(in millions, except per share data)
(unaudited)


	For the Three Months Ended March 31,
		2025			2024

Net income	$	28.8		$	34.2
Stock-based compensation		7.5			6.1
Gain on extinguishment of convertible debt		—			(33.4	)
Changes in fair value of earnout liabilities		(0.4	)		0.2
Changes in fair value of public and private warrant liabilities		0.4			0.5
Income tax expense related to gain on extinguishment of convertible debt		—			0.5
Adjusted net income	$	36.3		$	8.1

Adjusted net income per share:
Basic	$	2.76		$	0.66
Diluted	$	2.48		$	0.62


DAVE INC.
LIQUIDITY AND CAPITAL RESOURCES
(in millions)
(unaudited)

	March 31,			December 31,
		2025			2024

Cash, cash equivalents and restricted cash	$	48.7		$	51.4
Marketable securities		0.1			0.1
Investments		41.0			40.5
Working capital		264.0			247.2
Total stockholders’ equity		199.5			183.1

The MIL Network –

May 8, 2025

MIL-OSI: Himax Technologies, Inc. Reports First Quarter 2025 Financial Results; Provides Second Quarter Guidance

Source: GlobeNewswire (MIL-OSI)

Q1 2025 Revenues At the High End of Projected Range, Gross Margin In-Line, EPS Exceeded Guidance Range Issued on February 13, 2025
Company Q2 2025 Guidance: Revenues to Decrease 5.0% to Increase 3.0% QoQ, Gross Margin is Expected to be Around 31.0%. Profit per Diluted ADS to be 8.5 Cents to 11.5 Cents

Q1 2025 revenues were $215.1M, a decrease of 9.3% QoQ, reaching the high end of the guidance range of 8.5% to 12.5% decrease QoQ
Q1 GM reached 30.5%, in line with guidance of around 30.5%, flat from last quarter but up from 29.3% the same period last year, mainly a result of favorable product mix and continued cost optimization
Q1 2025 after-tax profit was $20.0M, or 11.4 cents per diluted ADS, exceeding the guidance range of 9.0 cents to 11.0 cents
Himax Q2 2025 revenues to decline 5.0% to increase 3.0% QoQ. GM to be around 31.0%, up from 30.5% in the prior quarter. Profit per diluted ADS to be in the range of 8.5 cents to 11.5 cents
Currently, tariffs have not had a significant direct impact on Himax’s business
Conservative Q2 revenue guidance reflects customers’ overall caution toward the global economic outlook and end market demand. Low 2H25 market visibility as tariff negotiations continues
As the tariff-driven supply chain restructuring gains momentum, Himax is deepening its well-established Taiwan supply chain and strengthening into CN, KR, SG to enhance production flexibility, cost competitiveness and mitigate geopolitical risks
Despite near-term headwinds, Himax continues to lead the global automotive display market, holding a 40% share in DDIC, over 50% in TDDI, and an even higher share in cutting-edge local dimming Tcon technologies
Sample shipments of first-gen silicon photonics packaging solution for engineering validation and trial production are proceeding as planned. Himax continues to advance technology roadmap in close collaboration with FOCI, top-tier AI companies, and foundry partner through joint development of future-gen CPO solutions to meet the escalating bandwidth requirements driven by AI and HPC
Despite the volatile geopolitical environment, Himax continues to actively explore high-growth markets to expand global footprint while developing long-term competitive advantages. Established a three-party strategic alliance with Powerchip and Tata Electronics. The collaboration echoes the “Make in India” strategy of the Indian government for high-tech areas while exploring India’s vast market demand

TAINAN, Taiwan, May 08, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, announced its financial results for the first quarter 2025 ended March 31, 2025.

“The recent abrupt and significant NT dollar appreciation against the US dollar, its impact on our Q2 financial results is limited and has been accounted for in Q2 financial guidance. Currently, tariffs have not had a significant direct impact on Himax’s business, as our IC products are not directly exported to the U.S. Amid the volatile macro environment, most panel customers have adopted a make-to-order model and are keeping inventories lean. In response, we are carefully monitoring wafer-starts, maintaining low inventory levels, and rigorously controlling operating expenses,” said Mr. Jordan Wu, President and Chief Executive Officer of Himax.

“Automotive IC business currently accounts for half of Himax’s revenue. Having served the automotive display market for almost two decades, Himax has maintained a balanced global market share across major regions while demonstrating technological leadership and offering the industry’s most comprehensive suite of panel ICs, spanning LCD to OLED. Combined with over a decade of loyal relationships with global Tier 1 suppliers and automotive brands, these strengths help mitigate potential risks from tariffs and reinforce the long-term stability of our automotive business. In addition, Himax remains committed to a number of innovative fields, namely ultralow power AI, AR glasses, and co-packaged optics. These innovative fields are relatively less affected by macroeconomic fluctuations, and customer development efforts have not slowed due to tariff uncertainties. We expect these businesses to contribute meaningfully to both revenue and gross margin in the years ahead,” concluded Mr. Jordan Wu.

First Quarter 2025 Financial Results

Himax net revenues registered $215.1 million, a decrease of 9.3% sequentially, reaching the high end of guidance range of a decline of 8.5% to 12.5%, but representing a 3.7% increase year over year. Gross margin was 30.5%, in line with guidance of around 30.5%, flat from last quarter and up from 29.3% in the same period last year. The year-over-year increase was driven by a favorable product mix and continued cost optimization. Q1 profit per diluted ADS was 11.4 cents, exceeding the guidance range of 9.0 to 11.0 cents, primarily due to lower operating expenses.

Revenue from large display drivers came in at $25.0 million, flat from last quarter despite the seasonal downturn. This was primarily driven by demand spurred by Chinese government subsidies aimed at reviving domestic consumption. Notebook and monitor IC sales both recorded solid double-digit growth in Q1. In contrast, TV IC sales declined as expected, due to customers pulling forward their inventory purchases in the prior quarter. Sales of large panel driver ICs accounted for 11.6% of total revenues for the quarter, compared to 10.5% last quarter and 15.1% a year ago.

Revenue from the small and medium-sized display driver segment totaled $150.5 million, reflecting a sequential decline of 9.8% amid a typical low season. However, Q1 automotive driver sales, including both traditional DDIC and TDDI, outperformed guidance of a low-teens sequential decline, declining just single digit from the last quarter. The sequential decline reflected the waning effect of the Chinese government’s renewed trade-in stimulus, announced in mid-August 2024, while demand in other major markets remained stable. Q1 auto IC sales rose nearly 20% year over year, reflecting ongoing customer reliance on Himax’s technology and the strength of Company’s competitive moat. Himax’s automotive business, comprising DDIC, TDDI, Tcon, and OLED IC sales, remained the largest revenue contributor in the first quarter, representing more than 50% of total revenues. Meanwhile, both smartphone and tablet driver sales declined as expected amid a subdued festival season. The small and medium-sized driver IC segment accounted for 70.0% of total sales for the quarter, compared to 70.3% in the previous quarter and 69.5% a year ago.

Q1 non-driver sales reached $39.6 million, a 12.8% decrease from the previous quarter. The sequential decline was primarily attributable to the absence of a one-time ASIC Tcon shipment to a leading projector customer in the prior quarter, coupled with a moderation in automotive Tcon shipments after several quarters of robust growth. That being said, Himax’s position in local dimming Tcon for automotive remains unrivaled, supported by increasing validation and adoption from leading panel makers, Tier 1 suppliers, and automotive manufacturers around the world. Himax also has a robust pipeline of over two hundred design-win projects that are set to gradually enter mass production in the coming years. Non-driver products accounted for 18.4% of total revenues, as compared to 19.2% in the previous quarter and 15.4% a year ago.

First quarter operating expenses were $45.7 million, a decrease of 7.0% from the previous quarter and a decline of 9.8% from a year ago. Amid ongoing macroeconomic challenges, Himax is strictly enforcing budget and expense controls.

First quarter operating income was $19.8 million or 9.2% of sales, compared to 9.7% of sales last quarter and 4.8% of sales for the same period last year. The sequential decrease was mainly the result of lower sales, offset by lower operating expenses. The year-over-year increase resulted primarily from higher sales, improved gross margins, and lower operating expenses. First-quarter after-tax profit was $20.0 million, or 11.4 cents per diluted ADS, compared to $24.6 million, or 14.0 cents per diluted ADS last quarter, and up from $12.5 million, or 7.1 cents in the same period last year.

Balance Sheet and Cash Flow

Himax had $281.0 million of cash, cash equivalents and other financial assets as of March 31, 2025. This compares to $277.4 million at the same time last year and $224.6 million a quarter ago. Himax achieved a strong positive operating cash flow of $56.0 million for the first quarter. As of March 31, 2025, Himax had $33.0 million in long-term unsecured loans, with $6.0 million being the current portion.

Himax’s quarter-end inventories as of March 31, 2025 were $129.9 million, lower than $158.7 million last quarter and $201.9 million same period last year. Himax’s inventory levels have steadily declined for ten consecutive quarters since peaking during the Covid 19 pandemic when the industry was undergoing a supply shortage. As macroeconomic uncertainty impairs visibility across the ecosystem, Himax will continue to manage its inventory conservatively. Accounts receivable at the end of March 2025 was $217.5 million, down from $236.8 million last quarter but slightly up from $212.3 million a year ago. DSO was 91 days at the quarter end, as compared to 96 days last quarter and 93 days a year ago. First quarter capital expenditures were $5.2 million, versus $3.2 million last quarter and $2.7 million a year ago. First quarter capex was mainly for R&D related equipment for Company’s IC design business and ongoing construction of a new preschool near Himax’s Tainan headquarters for children of employees. The preschool is scheduled to open in 2026, reinforcing Company’s commitment to a family‑friendly workplace.

Prior to today’s call, Himax announced an annual cash dividend of 37.0 cents per ADS, totaling $64.5 million and payable on July 11, 2025, with a payout ratio of 81.1% of the previous year’s profit. Himax will continue to focus on maintaining a healthy balance sheet while driving sustainable long-term growth to deliver value for its shareholders through high dividends and share repurchases.

Outstanding Share

As of March 31, 2025, Himax had 174.9 million ADS outstanding, unchanged from last quarter. On a fully diluted basis, the total number of ADS outstanding for the first quarter was 175.1 million.

Q2 2025 Outlook

On the recent abrupt and significant NT dollar appreciation against the US dollar, its impact on Himax’s Q2 financial results is limited and has been accounted for in the financial guidance for the quarter. All of Himax’s revenues and nearly all of its cost of sales are US dollar denominated, providing a natural hedge for its buying and selling activities. In addition, the bulk of our R&D expenses, save for employee salaries, are also US dollar based. For employee compensation, a major item of Himax’s operating expenses, while its employees are paid in the local currency of their location for their salaries, their bonuses are all US dollar based. Other major non-US dollar expenses, mostly NT dollar-denominated, include utilities and income tax expenses. While Company don’t hedge for currency risk of our non-US dollar based operational expenses as the cost of such hedging would usually outweigh the benefit, Himax does purchase NTD in advance to cover the income tax payable, thereby minimizing the currency risk of a major expense item.

The recently announced U.S. tariff measures have intensified global trade tensions, triggered volatility in capital markets, and heightened macroeconomic and market demand uncertainty. Currently, tariffs have not had a significant direct impact on Himax’s business, as Company’s IC products are not directly exported to the U.S. Instead, they are assembled into panels or modules by customers outside the United States and then sold into global markets, including the United States. Just a negligible portion — about 2%—of Himax’s products are shipped directly to the United States. Only customers for these products are subject to U.S. tariffs. Almost all of these products are manufactured in Taiwan. While some customers have requested early shipments to avoid tariff duties, many others have opted to defer their orders amid ongoing tariff-related uncertainties. The company’s conservative Q2 revenue guidance reflects the highly cautious stance of its customers in general toward the global economic outlook and end market demand amid ongoing tariff development. Looking into the second half of the year, overall market visibility remains low with the world continuing to closely monitor the development of tariff negotiations. As the tariff-driven supply chain restructuring gains momentum, Himax is deepening its well-established supply chain in Taiwan while further strengthening its supply chain presence in China, Korea, Singapore, and other regions to ensure production flexibility and cost competitiveness, and to better mitigate geopolitical risks.

Amid the volatile macro environment, most panel customers have adopted a make-to-order model and are keeping inventories lean. In response, Himax is carefully monitoring wafer-starts, maintaining low inventory levels, and rigorously controlling operating expenses. Concurrently, Company is further optimizing costs by diversifying both foundry and backend packaging and testing, while mitigating risks and enhancing manufacturing flexibility. This approach is exemplified by the major milestone recently achieved in automotive display IC collaboration with Nexchip in China, with products now in mass production and adopted by leading automakers. This not only validates Himax’s diversified supply chain strategy but also underscores its steadfast commitment to scaling capacity and cost optimization.

Automotive IC business currently accounts for half of Himax’s revenue. Having served the automotive display market for almost two decades, Himax has maintained a balanced global market share across major regions while demonstrating technological leadership and offering the industry’s most comprehensive suite of panel ICs, spanning LCD to OLED. Combined with over a decade of loyal relationships with global Tier 1 suppliers and automotive brands, these strengths help mitigate potential risks from tariffs and reinforce the long-term stability of Himax’s automotive business.

In addition, Himax remains committed to a number of innovative fields, namely ultralow power AI, AR glasses, and co-packaged optics (CPO). Technologies in these areas are approaching maturity and offer substantial growth potential. As a pioneer and leader in key technologies enabling these novel areas, Himax is working closely with supply chain partners, from technology development through to mass production, to actively expand new business opportunities. These innovative fields are relatively less affected by macroeconomic fluctuations, and customer development efforts have not slowed due to tariff uncertainties. Himax expects these businesses to contribute meaningfully to both revenue and gross margin in the years ahead.

Despite the volatile geopolitical environment, Himax continues to actively explore high-growth markets, establish close partnerships with industry-leading companies, and continue to expand its global footprint while developing long-term competitive advantages. In Himax’s latest cross-border cooperation the Company established a three-party strategic alliance with Powerchip and Tata Electronics, a subsidiary of Tata Group, India’s largest and most influential conglomerate. This collaboration combines Tata Electronics’ deep manufacturing and local supply chain integration strengths, Powerchip’s mature wafer manufacturing capabilities, and Himax’s leading display IC and WiseEye ultralow power AI sensing technologies to jointly create a powerful ecosystem. The collaboration echoes the “Make in India” strategy of the Indian government for high-tech areas while exploring the huge potential demand of the Indian market.

Display Driver IC Businesses

LDDIC

In Q2 2025, Himax anticipates large display driver IC sales to decline by a single digit sequentially, driven by customers’ pull forward orders placed in prior quarters, against the backdrop of Chinese government subsidies boosting domestic consumption. Monitor and notebook IC sales are expected to decrease in Q2, whereas TV IC sales are set to increase sequentially, driven by higher shipments to key end customers.

Looking ahead in the notebook sector, Himax is observing a growing trend for premium notebooks to adopt OLED displays and advanced touch features, partially fueled by the rise of AI PC. Himax is well-positioned to capitalize on this trend, offering a comprehensive range of ICs for both LCD and OLED notebooks, including DDIC, Tcon, touch controllers, and TDDI. In addition, Himax is expanding its high-speed interface product portfolio to support faster data transfer rates, lower latency, and improved power efficiency, features that are critical for next-generation displays. Himax has made progress on the next-generation eDP 1.5 display interface for Tcon for both LCD and OLED panels. This high-speed interface supports high frame rates, low power consumption, adaptive sync, and high resolution, key features essential for next-generation AI PCs. Through ongoing portfolio expansion and continuous technology innovation, Himax is well-positioned to lead in the rapidly evolving landscape of AI PCs and premium notebooks.

SMDDIC

Q2 small and medium-sized display driver IC business is expected to decline single-digit from the last quarter. Himax expects Q2 automotive driver IC sales, including both TDDI and traditional DDIC, to decline mid-teens sequentially, reflecting the combined impact of tariffs and the waning effect of China’s automotive subsidy program. Despite these near-term headwinds, automotive TDDI adoption continues to expand across the globe, driven by growing demand for more intuitive, interactive, and cost-effective touch panel features essential in modern vehicles. Himax’s cumulative shipments of automotive TDDI have outpaced competitors, with nearly 500 design-in projects secured to date, the majority of which have yet to enter mass production. On top of a continuous influx of new pipelines and design wins across the board, Himax is well-positioned for continued growth, further reinforcing Himax’s leadership in this space. For automotive DDIC, Himax continues to see solid shipment volume for automotive DDICs for non-touch applications including cluster displays, HUDs, and rear- and side-view mirrors. Company’s confidence is further strengthened by the growing proliferation of advanced technologies, such as LTDI (Large Touch and Display Driver Integration) in large-display car models. Himax is a pioneer in LTDI technology, which supports seamless, integrated large touch display panels, typically larger than 30 inches or spanning pillar-to-pillar across the entire width of the cockpit. LTDI also features high-density touch functionality for responsive performance, making it ideal for next-generation smart cabin designs that emphasize large displays and intuitive touch interaction. Additionally, Himax is seeing an increasing number of customers choosing to adopt its integrated LTDI and Tcon solution as the standard platform for their ultra large automotive display development. Such panels typically require four or more LTDI chips and at least one local dimming Tcon per panel. This growing platform adoption of more of Himax’s automotive IC offerings not only reflects strong customer loyalty to its technologies but also signifies an increase in content value for Himax on a per-panel basis. Multiple projects with global leading car brands are set to begin mass production starting the end of 2025. Himax continues to lead the global automotive display market, holding a 40% share in DDIC, over 50% in TDDI, and an even higher share in cutting-edge local dimming Tcon technologies.

Himax expects Q2 smartphone IC revenues to decline mid-teens from last quarter, while tablet IC sales are poised to grow by high teens sequentially, driven by renewed demand from leading customers following several quiet quarters.

On OLED business update. In the automotive OLED market, Himax has forged strategic alliances with leading panel makers in Korea, China, and Japan. As OLED technology expands beyond premium car models, Himax is well positioned to become the partner of choice and accelerate OLED adoption in vehicles by capitalizing on its strong presence and proven track record in automotive LCD displays. Leveraging Himax’s first mover advantage, Company offers a comprehensive suite of solutions, including DDIC, Tcon, and on-cell touch controllers. It’s worth noting that Himax’s advanced OLED on-cell touch-control technology boasts an industry-leading signal-to-noise ratio exceeding 45 dB, delivering reliable performance even under challenging operational conditions such as glove wearing or wet-finger. The solution entered mass production in 2024, and an increasing number of leading global brands are rapidly adopting it for their premium car models. Himax expects to be a key beneficiary of the shift to OLED displays for the automotive industry over the next few years, unlocking a new growth driver for Himax that further reinforces its market leadership.

In addition, Himax has expanded its comprehensive OLED portfolio into the tablet and notebook markets, covering DDIC, Tcon, and touch controllers, through partnerships with leading OLED panel makers in Korea and China. Several new projects are slated to enter mass production with top-tier brands later this year. Meanwhile, Himax is developing value-added features, such as active stylus and gaming models to further enhance its product differentiation and competitive edge. In the smartphone OLED market, Himax is making solid progress in its collaborations with customers in Korea and China and expects mass production to start later this year.

Non-Driver Product Categories

Q2 non-driver IC revenues are expected to increase low teens sequentially.

Timing Controller (Tcon)

Himax anticipates Q2 2025 Tcon sales to increase high teens sequentially, primarily due to increased shipment of Tcon for notebook and automotive products. Automotive Tcon sales are set to increase by double digit in Q2, fueled by a strong pipeline of over two hundred design-win projects gradually entering mass production. With a steady influx of new projects, coupled with growing validation and widespread adoption of Himax’s local dimming Tcon in both premium and mainstream car models worldwide, Himax continues to maintain an unchallenged leadership position with a dominant market share. In the second quarter, Himax expects Tcon business to account for over 12% of total sales, with notable contributions from automotive Tcon. Meanwhile, head-up-display (HUD) is emerging as a major growth area within automotive displays, where local dimming Tcon adoption is accelerating. Himax’s industry-leading local dimming Tcon eliminates the “postcard effect” often seen in HUDs, caused by backlight leakage typical of conventional TFT LCD panels, delivering crisp, high‑fidelity images on the windshield. Additionally, it features advanced transparency detection to prevent the display from obstructing the driver’s view, thereby ensuring driving safety. With several HUD projects already underway and increasing inquiries, Himax is excited about the potential opportunity ahead. Himax’s automotive Tcon business is well positioned for growth over the next few years.

WiseEye™ Ultralow Power AI Sensing

On the update of WiseEye™ ultralow power AI sensing solution, a cutting-edge endpoint AI integration featuring industry-leading ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm. In the rapidly evolving AI landscape, WiseEye AI technology stands out for its expertise in on‑device AI, characterized by remarkably low power consumption, operating at just single‑digit milliwatts, and enabling AI functionality in battery‑powered endpoint devices. Additionally, WiseEye AI significantly extends battery life and improves overall data processing efficiency by offloading tasks from the main processor. These attributes unlock new opportunities across a wide range of everyday battery‑powered endpoint applications, evidenced by broad adoption of WiseEye AI across diverse applications, including notebooks, tablet, smart door locks, surveillance systems, access control, smart retail and many others.

On notebook, building on the success with Dell notebooks, WiseEye AI is expanding into additional use cases across other leading notebook brands, with some entering production later this year and expanding further into 2026. The growing adoption is further fueled by the rise of AI PCs, as WiseEye’s ultralow power, on-device inference capabilities align seamlessly with the industry’s shift toward more intelligent, context-aware, and energy-efficient computing. WiseEye’s advanced local inferencing technology enables real-time, high-precision user engagement detection by analyzing presence and motion, supporting a broad set of intelligent features, such as head pose estimation, gaze tracking, facial expression recognition, voice command, adaptive screen dimming, secure identity authentication and many others. These features enhance interactivity and user comfort without compromising battery life or system performance, making it fit for the demands of high performance and energy efficient next-generation AI PCs.

WiseEye also continues to achieve significant market success across various sectors such as smart door lock where Himax introduced the world’s first smart door lock with 24/7 sentry monitoring and real-time event recording. Himax is now expanding globally by collaborating with a number of leading door lock makers worldwide to integrate a suite of innovative AI features, including palm vein biometric access, parcel recognition, and anti-pinch protection. Several of these value-added solutions are slated for mass production later this year. WiseEye also powers smart retail, exemplified by Himax’s collaboration with E Ink on e‑Signage. Its always‑on AI detects viewer attributes, such as gender, appearance, and age, followed by real-time personalized ads and nearby product recommendations, creating immersive engagement that elevates the in‑store shopping experience.

For an update on Himax’s WiseEye module business. Equipped with pre-trained no-code or low-code AI, WiseEye modules simplify AI integration and support diverse use cases, including human presence detection, gender and age recognition, gesture recognition, face mesh, voice commands, thermal image sensing, palm vein authentication, and people flow management. Among them, the Himax PalmVein module has generated strong engagement across several industries. Multiple design wins have been secured, with mass production underway by global customers for smart access, workforce management and smart door lock, as Himax continues to explore additional application opportunities. Meanwhile, to meet growing demand for flexible access control in varied settings, the upgraded WiseEye PalmVein suite now combines palm‑vein recognition and facial recognition with peephole‑camera input, underpinned by an advanced liveness check for high‑precision, multi‑modal authentication. This upgraded PalmVein module not only enhances security by offering multiple layers of biometric verification but also ensures adaptability across a wide range of environments. These attributes make it particularly appealing to global brands looking to differentiate their products with enhanced security, greater user convenience, and flexible customization. Himax anticipates increasing sales contribution from WiseEye PalmVein across a diverse array of applications starting next year and are excited about its long-term growth potential. Looking ahead, WiseEye is poised to scale rapidly across the broader AIoT market and emerge as a key growth driver for Himax in the years ahead.

Separately, Himax is bringing intelligent, ultralow power, always‑on AI sensing to AR glasses. Powered by real‑time, context‑aware AI running at single‑digit‑milliwatt, WiseEye uniquely delivers the two essentials for AR devices: instant responsiveness and all‑day battery life. These advantages have already led to WiseEye AI being adopted by a leading AR glasses platform, with ongoing engineering engagements involving several other prominent global AR tech names for their upcoming AR glasses. WiseEye supports always-on outward sensing, enabling AR glasses to detect and analyze the surrounding environment in real time. This empowers instant response and key functionality such as object recognition, navigation assistance, translation, and environmental mapping, greatly enhancing the overall AR experience. WiseEye also enables precise inward sensing, detecting subtle eye movements, gaze direction, pupil size, and blinking, providing critical data for more intuitive and natural user interactions in AR applications.

Wafer Level Optics (WLO)

In June 2024, Himax, in partnership with FOCI, a world leader in silicon photonics connectors, unveiled a state-of-the-art silicon photonics packaging technology, a critical technology to enable co-packaged optics (CPO) technology. This innovation of CPO integrates silicon photonic chips and optical connectors within multi-chip modules (MCM), replacing traditional metal wire transmission with high-speed optical communication. The technology significantly enhances bandwidth, boosts data transmission rates, reduces signal loss and latency, lowers power consumption, and significantly minimizes the size and cost of MCM.

Currently, sample shipments of Company’s first-generation silicon photonics packaging solution for engineering validation and trial production are proceeding as planned, with volumes set to increase in the coming quarters. In addition, Himax continues to advance its technology roadmap in close collaboration with FOCI, top-tier AI companies, and foundry partner through the joint development of future-generation CPO solutions to meet the escalating bandwidth requirements driven by AI and HPC applications.

Himax is pleased to see its partner, FOCI, achieving significant advancements in silicon photonics packaging, with notable improvements in automated production and testing. Together, Himax and FOCI are actively progressing in process validation and yield optimization to enable full-scale production for leading AI customers. Himax is exceptionally positioned to capitalize on future growth opportunities in high-performance computing, AI inference, and data center markets.

Alongside the CPO progress, certain global technology leaders are now engaging Himax’s WLO expertise to develop next‑generation waveguides for AR glasses, a testament to the market’s growing confidence in Company’s WLO technology.

With strong growth opportunities from CPO and AR glasses in the making, Himax is as optimistic as ever that its WLO business can emerge as a significant revenue and profit engine in the years ahead.

LCoS

On Himax’s latest advancement in LCoS microdisplay technology. At Display Week 2025 next week in San Jose, Himax will debut its ultra-luminous, miniature Dual-Edge Front-lit LCoS microdisplay. This industry-leading solution integrates both the illumination optics and LCoS panel into an exceptionally compact form factor, as small as 0.09 c.c., and weighing only 0.2 grams, while targeting up to 350,000 nits brightness and 1 lumen output at just 250mW maximum total power consumption, demonstrating unparalleled optical efficiency. The luminance breakthrough ensures excellent eye-level visibility even in bright ambient conditions, while its compact form factor enables the development of sleek, everyday AR glasses. With industry-leading compact form factor, superior brightness and power efficiency, it is ideally suited for next-generation AR glasses and head-mounted displays where space, weight, and thermal constraints are critical. Growing collaborations with leading global tech companies are underway. Himax is confident that its technological advancements will help revitalize the AR glasses market, drive its expansion, and unlock new possibilities for immersive visual experiences.

Second Quarter 2025 Guidance
Net Revenue:	Decline 5.0% to Increase 3.0% QoQ
Gross Margin:	Around 31.0%, depending on final product mix
Profit:	8.5 cents to 11.5 cents per diluted ADS

HIMAX TECHNOLOGIES FIRST QUARTER 2025 EARNINGS CONFERENCE CALL
DATE:	Thursday, May 8, 2025
TIME:	U.S. 8:00 a.m. EDT
	Taiwan 8:00 p.m.

Live Webcast (Video and Audio):	http://www.zucast.com/webcast/tUOBrqcV
Toll Free Dial-in Number (Audio Only):	Hong Kong 2112-1444
	Taiwan 0080-119-6666
	Australia 1-800-015-763
	Canada 1-877-252-8508
	China (1) 4008-423-888
	China (2) 4006-786-286
	Singapore 800-492-2072
	UK 0800-068-8186
	United States (1) 1-800-811-0860
	United States (2) 1-866-212-5567
Dial-in Number (Audio Only):
	Taiwan Domestic Access 02-3396-1191
	International Access +886-2-3396-1191
Participant PIN Code: 3300508 #

If you choose to attend the call by dialing in via phone, please enter the Participant PIN Code 3300508 # after the call is connected. A replay of the webcast will be available beginning two hours after the call on www.himax.com.tw. This webcast can be accessed by clicking on this link or Himax’s website, where it will remain available until May 8, 2026.

About Himax Technologies, Inc.
Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEye^TM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,603 patents granted and 389 patents pending approval worldwide as of March 31, 2025.

http://www.himax.com.tw

Forward Looking Statements
Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended.

Company Contacts:

Karen Tiao, Head of IR/PR
Himax Technologies, Inc.
Tel: +886-2-2370-3999
Fax: +886-2-2314-0877
Email: hx_ir@himax.com.tw
www.himax.com.tw

Mark Schwalenberg, Director
Investor Relations – US Representative
MZ North America
Tel: +1-312-261-6430
Email: HIMX@mzgroup.us
www.mzgroup.us

-Financial Tables-

Himax Technologies, Inc.
Unaudited Condensed Consolidated Statements of Profit or Loss
(These interim financials do not fully comply with IFRS because they omit all interim disclosure required by IFRS)
(Amounts in Thousands of U.S. Dollars, Except Share and Per Share Data)

	Three Months Ended March 31,						3 Months Ended December 31,
	2025			2024			2024

Revenues
Revenues from third parties, net	$	215,095		$	207,544		$	237,182
Revenues from related parties, net		38			6			41
		215,133			207,550			237,223

Costs and expenses:
Cost of revenues		149,581			146,805			164,963
Research and development		34,987			39,664			37,584
General and administrative		5,557			5,890			5,711
Sales and marketing		5,202			5,162			5,886
Total costs and expenses		195,327			197,521			214,144

Operating income		19,806			10,029			23,079

Non operating income (loss):
Interest income		2,312			2,524			2,042
Changes in fair value of financial assets at fair value through profit or loss		(17	)		(7	)		1,245
Foreign currency exchange gains, net		345			941			690
Finance costs		(903	)		(1,018	)		(964	)
Share of losses of associates		(742	)		(221	)		(360	)
Other gains		3,205			–			–
Other income		17			29			60
		4,217			2,248			2,713
Profit before income taxes		24,023			12,277			25,792
Income tax expense		3,841			–			761
Profit for the period		20,182			12,277			25,031
Loss (profit) attributable to noncontrolling interests		(195	)		221			(423	)
Profit attributable to Himax Technologies, Inc. stockholders	$	19,987		$	12,498		$	24,608

Basic earnings per ADS attributable to Himax Technologies, Inc. stockholders	$	0.114		$	0.072		$	0.141
Diluted earnings per ADS attributable to Himax Technologies, Inc. stockholders	$	0.114		$	0.071		$	0.140

Basic Weighted Average Outstanding ADS		174,913			174,724			175,008
Diluted Weighted Average Outstanding ADS		175,072			175,026			175,146

Himax Technologies, Inc.
IFRS Unaudited Condensed Consolidated Statements of Financial Position
(Amounts in Thousands of U.S. Dollars)

	March 31, 2025			March 31, 2024			December 31, 2024
Assets
Current assets:
Cash and cash equivalents	$	275,445		$	261,702		$	218,148
Financial assets at amortized cost		2,286			14,334			4,286
Financial assets at fair value through profit or loss		3,253			1,380			2,140
Accounts receivable, net (including related parties)		217,549			212,326			236,813
Inventories		129,867			201,872			158,746
Income taxes receivable		717			1,003			726
Restricted deposit		503,700			453,000			503,700
Other receivable from related parties		11			136			13
Other current assets		37,760			60,051			43,471
Total current assets		1,170,588			1,205,804			1,168,043
Financial assets at fair value through profit or loss		23,524			21,635			23,554
Financial assets at fair value through other comprehensive income		29,985			1,889			28,226
Equity method investments		8,061			3,173			8,571
Property, plant and equipment, net		120,538			128,938			121,280
Deferred tax assets		20,872			10,440			21,193
Goodwill		28,138			28,138			28,138
Other intangible assets, net		619			851			636
Restricted deposit		30			31			31
Refundable deposits		215,271			221,886			221,824
Other non-current assets		17,854			20,728			18,025
		464,892			437,709			471,478
Total assets	$	1,635,480		$	1,643,513		$	1,639,521
Liabilities and Equity
Current liabilities:
Short-term unsecured borrowings	$	602		$	–		$	–
Current portion of long-term unsecured borrowings		6,000			6,000			6,000
Short-term secured borrowings		503,700			453,000			503,700
Accounts payable (including related parties)		105,610			117,234			113,203
Income taxes payable		12,785			11,071			9,514
Other payable to related parties		–			92			–
Contract liabilities-current		5,176			14,739			10,622
Other current liabilities		50,443			116,558			63,595
Total current liabilities		684,316			718,694			706,634
Long-term unsecured borrowings		27,000			33,000			28,500
Deferred tax liabilities		557			499			564
Other non-current liabilities		7,489			14,823			7,496
		35,046			48,322			36,560
Total liabilities		719,362			767,016			743,194
Equity
Ordinary shares		107,010			107,010			107,010
Additional paid-in capital		115,722			114,982			115,376
Treasury shares		(5,546	)		(5,157	)		(5,546	)
Accumulated other comprehensive income		7,874			(94	)		8,621
Retained earnings		684,587			653,007			664,600
Equity attributable to owners of Himax Technologies, Inc.		909,647			869,748			890,061
Noncontrolling interests		6,471			6,749			6,266
Total equity		916,118			876,497			896,327
Total liabilities and equity	$	1,635,480		$	1,643,513		$	1,639,521

Himax Technologies, Inc.
Unaudited Condensed Consolidated Statements of Cash Flows
(Amounts in Thousands of U.S. Dollars)
	Three Months Ended March 31,						Three Months Ended December 31,
	2025			2024			2024

Cash flows from operating activities:
Profit for the period	$	20,182		$	12,277		$	25,031
Adjustments for:
Depreciation and amortization		5,156			5,471			5,564
Share-based compensation expenses		100			358			103
Losses (gains) on disposals of property, plant and equipment, net		(3,205	)		–			4
Changes in fair value of financial assets at fair value through profit or loss		17			7			(1,245	)
Interest income		(2,312	)		(2,524	)		(2,042	)
Finance costs		903			1,018			964
Income tax expense		3,841			–			761
Share of losses of associates		742			221			360
Inventories write downs		4,444			4,353			4,037
Unrealized foreign currency exchange losses (gains)		441			(868	)		(159	)
		30,309			20,313			33,378
Changes in:
Accounts receivable (including related parties)		13,083			15,704			(27,302	)
Inventories		24,435			11,083			29,675
Other receivable from related parties		2			(67	)		9
Other current assets		(978	)		2,298			2,502
Accounts payable (including related parties)		(7,250	)		13,202			(7,706	)
Other payable to related parties		–			(20	)		1
Contract liabilities		735			1,192			6
Other current liabilities		(3,763	)		(7,780	)		2,508
Other non-current liabilities		71			514			71
Cash generated from operating activities		56,644			56,439			33,142
Interest received		438			854			3,513
Interest paid		(835	)		(936	)		(1,047	)
Income tax paid		(200	)		391			(191	)
Net cash provided by operating activities		56,047			56,748			35,417

Cash flows from investing activities:
Acquisitions of property, plant and equipment		(5,221	)		(2,699	)		(3,222	)
Acquisitions of intangible assets		(52	)		(118	)		–
Acquisitions of financial assets at amortized cost		–			(2,439	)		(2,286	)
Proceeds from disposal of financial assets at amortized cost		2,000			500			10,289
Acquisitions of financial assets at fair value through profit or loss		(6,160	)		(7,488	)		(6,807	)
Proceeds from disposal of financial assets at fair value through profit or loss		5,017			8,163			3,722
Acquisitions of financial assets at fair value through other comprehensive income		(2,500	)		–			–
Acquisition of a subsidiary, net of cash paid		–			–			(5,416	)
Proceeds from capital reduction of investment		–			–			338
Acquisitions of equity method investment		–			–			(1,236	)
Decrease (increase) in refundable deposits		10,283			22,217			(8	)
Net cash provided by (used in) investing activities		3,367			18,136			(4,626	)

Cash flows from financing activities:
Purchase of treasury shares		–			–			(832	)
Prepayments for purchase of treasury shares		–			–			(2,168	)
Proceeds from issuance of new shares by subsidiaries		–			71			–
Proceeds from short-term unsecured borrowings		612			–			–
Repayments of long-term unsecured borrowings		(1,500	)		(1,500	)		(1,500	)
Proceeds from short-term secured borrowings		484,300			447,100			461,400
Repayments of short-term secured borrowings		(484,300	)		(447,100	)		(461,400	)
Payment of lease liabilities		(1,448	)		(1,148	)		(1,340	)
Guarantee deposits received (refunded)		–			(1,868	)		219
Net cash used in financing activities		(2,336	)		(4,445	)		(5,621	)
Effect of foreign currency exchange rate changes on cash and cash equivalents		219			(486	)		(1,161	)
Net increase in cash and cash equivalents		57,297			69,953			24,009
Cash and cash equivalents at beginning of period		218,148			191,749			194,139
Cash and cash equivalents at end of period	$	275,445		$	261,702		$	218,148

The MIL Network –

May 8, 2025

MIL-OSI United Nations: Radiotelevisión Española (RTVE)

Source: UNISDR Disaster Risk Reduction

Mission

The Corporación de Radio y Televisión Española, Sociedad Anónima, S. M. E. known as Radiotelevisión Española (RTVE), is the state-owned public corporation that assumed in 2007 the indirect management of the Spanish public radio and television service known as Ente Público Radiotelevisión Española.

MIL OSI United Nations News –

May 8, 2025
MIL-OSI: Leiðrétting: Lánasjóður sveitarfélaga – Útboð LSS 39 0303 og LSS151155

Source: GlobeNewswire (MIL-OSI)

Lánasjóður sveitarfélaga hefur ákveðið að efna til útboðs á skuldabréfaflokkunum LSS 39 0303 og LSS151155 mánudaginn 12. maí 2025. Lánasjóðurinn stefnir að því að taka tilboðum að fjárhæð 500 til 1.500 milljónir króna að nafnvirði í skuldabréfaflokknum LSS151155 og að fjárhæð 500 til 1.500 milljónir króna að nafnvirði í skuldabréfaflokknum LSS 39 0303. Lánasjóðurinn áskilur sér rétt til að hækka og lækka útboðsfjárhæð útboðsins, taka hvaða tilboði sem er eða hafna þeim öllum. Lánasjóðurinn hefur boðið aðalmiðlurum sjóðsins Arion banka, Íslandsbanka, Kviku banka, Landsbankanum og Fossum fjárfestingabanka að taka þátt í útboðinu.

Óskað er eftir tilboðum í samræmi við eftirfarandi lýsingu:

Fyrirkomulag: “Hollensk” uppboðsaðferð þar sem allir tilboðsgjafar fá sömu ávöxtunarkröfu og hæst er tekið. Heimilt er að afturkalla eða breyta tilboði með sama hætti og tilboðum er skilað inn, sé það gert fyrir lok útboðsfrests.

Tilboð: Í tilboði skal taka fram ávöxtunarkröfu án þóknunar og tilboðsfjárhæð.

Að öðru leyti er vísað til skilmála skuldabréfanna á heimasíðu Lánasjóðs sveitarfélaga

Tilboð skulu berast fyrir kl. 16:00, mánudaginn 12. maí 2025 til Lánasjóðs sveitarfélaga á netfangið utbod@lanasjodur.is

Öllum tilboðum verður svarað fyrir kl. 17:00 á útboðsdegi. Uppgjör sölu fer fram fimmtudaginn 15. maí 2025.

Nánari upplýsingar veitir Óttar Guðjónsson, framkvæmdastjóri, ottar@lanasjodur.is / s. 515 4949

The MIL Network –

May 8, 2025
MIL-OSI Asia-Pac: Red flag hoisted at Ting Kau Beach

Source: Hong Kong Government special administrative region

Attention TV/radio announcers:

Please broadcast the following as soon as possible:

Here is an item of interest to swimmers.

The Leisure and Cultural Services Department announced today (May 8) that the Environmental Protection Department has classified the water quality at Ting Kau Beach in Tsuen Wan District as Grade 4, which means the beach is not suitable for swimming. The red flag has been hoisted. Beachgoers are advised not to swim at the beach until further notice.

MIL OSI Asia Pacific News –

May 8, 2025
MIL-OSI Asia-Pac: Great Entertainment Group partners with Mast International from Korea to expand Hong Kong operations, boosting job creation and business partnerships (with photos)

Source: Hong Kong Government special administrative region

â€‹Invest Hong Kong (InvestHK) announced today (May 8) that a long-term local entertainment business, Great Entertainment Group (GEG), has created a new joint venture – Harbour Mast Productions Limited – with Mast International, a Korean entertainment business in Hong Kong, as part of the companies’ long-term expansion plans in the region.

Associate Director-General of Investment Promotion at InvestHK Mr Arnold Lau said, “We are excited to see the expansion of GEG in Hong Kong and welcome Mast International to the city. This initiative will not only enrich Hong Kong’s vibrant entertainment industry, but also significantly contribute to job creation and stimulate our local economy by fostering new business partnerships in the city.”

Harbour Mast Productions will be the official promoter of Cirque du Soleil’s legendary show KOOZA, as it returns to Hong Kong for the first time in seven years. Cirque du Soleil chose Hong Kong as the city to kick off its relaunch in Asia. The show will then travel to Busan and Seoul in Korea following the performances in Hong Kong.

According to the Chief Executive Officer of GEG, Mr Randy Bloom, the KOOZA Tour travels with more than 115 cast and crew, along with 60 family members. This represents a investment in Hong Kong of more than 8 000 room nights, transport, food and beverage and entertainment during the two months that the show will be in the city. In addition to the travelling crew, the show requires approximately 200 local hires.

Mr Bloom added that with over 10 years of history and experience in producing entertainment events in Hong Kong, GEG decided to expand in the city where it has traditionally created its own local events, including the annual AIA Carnival, the Hong Kong Observation Wheel (HKOW) and well-known events such as The Grounds in the HKOW event space. He noted that Mast International, with its decades of experience bringing worldwide live entertainment events to Asia, was seen as the natural partner to join in this effort. The aim is to bring more and more high-quality events and entertainment to come to Hong Kong, serving as a gateway to the region.

Mr Bloom said, “We hear and support the Government’s policy for mega events. We want to support the development of the entertainment industry and demonstrate our commitment to enhancing what Hong Kong can offer as a city for events both local and internationally. We have great trust in Hong Kong as a city.”

The Chief Executive Officer and President of Mast International, Mr Yong Kim, added, “As a long-time producer and promoter of events in Asia, Mast recognises the opportunities afforded by the growth of the live events industry in Hong Kong. As our company continues to grow, we aim to expand and create more diverse experiences for people in Hong Kong. By bringing global entertainment around the world and into the city, we can offer a wider range of engaging entertainment options. Notably, the globally acclaimed Cirque du Soleil will be making its first appearance in Hong Kong since 2018 and will kick off a multi-destination Asia Tour.”

GEG is a multi-award-winning group of companies with expertise in creating and producing exceptional live entertainment events and experiences in Asia. To date, GEG has engaged over 20 million consumers across over 500 events, pioneering some of the largest, most successful and enduring events and experiences.

Mast International was founded as a subsidiary of Mast Media Limited in 2006. Since then, the company has successfully presented seven shows of Cirque du Soleil in Korea. Mast International has promoted other various international spectacles, sporting events, exhibitions, pop concerts, ballets and plays, etc, including the legendary French musical, “Notre-Dame de Paris”.

For more information about GEG, please visit www.geg.asia.

For more information about Mast International, please visit www.mastent.co.kr.

To obtain a copy of the photos, please visit www.flickr.com/photos/investhk/albums/72177720325905295.

MIL OSI Asia Pacific News –

May 8, 2025

MIL-OSI: Enerflex Ltd. Announces First Quarter 2025 Financial and Operational Results

Source: GlobeNewswire (MIL-OSI)

ADJUSTED EBITDA OF $113 MILLION AND FREE CASH FLOW OF $85 MILLION

EI CONTRACT BACKLOG AND ES BACKLOG OF $1.5 BILLION AND $1.2 BILLION, RESPECTIVELY, PROVIDING SOLID OPERATIONAL VISIBILITY

REDUCED BANK ADJUSTED NET DEBT-TO-EBITDA RATIO TO 1.3x¹ AT THE END OF Q1/25

CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today reported its financial and operational results for the three months ended March 31, 2025.

All amounts presented are in U.S. Dollars unless otherwise stated.

Q1/25 FINANCIAL AND OPERATIONAL OVERVIEW

Generated revenue of $552 million compared to $638 million in Q1/24 and $561 million in Q4/24.
- Lower revenue compared with the prior year is primarily attributed to upfront revenue recognized in the Energy Infrastructure (“EI”) product line in Q1/24 on the extension and modification of an existing EI contract previously accounted for as an operating lease in the Eastern Hemisphere (“EH”) region.
Recorded gross margin before depreciation and amortization of $161 million, or 29% of revenue, compared to $119 million, or 19% of revenue in Q1/24 and $174 million, or 31% of revenue during Q4/24.
- EI and After-Market Services (“AMS”) product lines generated 70% of consolidated gross margin before depreciation and amortization during Q1/25.
- Engineered Systems (“ES”) gross margin before depreciation and amortization increased to 18% in Q1/25 compared to 5% in Q1/24 primarily due to costs recognized in Q1/24 related to an international ES project. ES gross margin before depreciation and amortization decreased compared to Q4/24 due to product mix.
Adjusted earnings before finance costs, income taxes, depreciation, and amortization (“adjusted EBITDA”) of $113 million compared to $69 million in Q1/24 and $121 million during Q4/24. The year-over-year increase in adjusted EBITDA was primarily due to costs recognized related to an international ES project in Q1/24.
SG&A was $57 million for the three months ended March 31, 2025, a decrease of $21 million from the same period in 2024, primarily due to decreased share-based compensation resulting from mark-to-market volatility on share prices in the first quarter of 2025, and lower costs and improved efficiencies, partially offset by executive transition costs.
Cash provided by operating activities was $96 million, which included net working capital recovery of $34 million. This compares to cash provided by operating activities of $101 million in Q1/24 and $113 million in Q4/24. Free cash flow increased to $85 million in Q1/25 compared to $72 million during Q1/24 and $76 million during Q4/24 primarily due to lower maintenance capital spend.
Return on capital employed (“ROCE”)² increased to 14.2% in Q1/25 compared to 0.6% in Q1/24 and 10.3% in Q4/24. ROCE benefitted from an increase in trailing 12-month EBIT and lower average capital employed, predominantly due to a decline in net debt.
Invested $33 million in the business, consisting of $14 million in capital expenditures ($6 million for growth) and $19 million for expansion of an EI project in the EH region that will be accounted for as a finance lease.
Enerflex recorded ES bookings of $205 million during Q1/25, compared to $420 million during the same period of 2024. First quarter bookings were impacted by accelerated customer activity in the latter part of the fourth quarter of 2024, predominantly in the North America (“NAM”) segment, which resulted in select orders being pulled forward, and customers pausing some decisions on expenditures due to commodity price volatility and evolving market conditions. The Company continues to closely monitor activity levels and will adjust its business as appropriate. Enerflex’s backlog remains healthy at $1.2 billion at March 31, 2025.
Enerflex’s U.S. contract compression business continues to perform well, led by increasing natural gas production in the Permian.
- This business generated revenue of $36 million and gross margin before depreciation and amortization of 72% during Q1/25 compared to $36 million and 75% in Q1/24 and $36 million and 78% during Q4/24.
- Utilization remained stable at 94% across a fleet size of approximately 448,000 horsepower. Enerflex expects its North American contract compression fleet will grow to over 475,000 horsepower by the end of 2025.
The Board of Directors has declared a quarterly dividend of CAD$0.0375 per share, payable on June 3, 2025, to shareholders of record on May 21, 2025.

BALANCE SHEET AND LIQUIDITY

Enerflex exited Q1/25 with net debt of $564 million, which included $75 million of cash and cash equivalents, a reduction of $179 million compared to Q1/24 and $52 million lower than the fourth quarter of 2024.
Enerflex’s bank-adjusted net debt-to-EBITDA ratio was approximately 1.3x at the end of Q1/25, down from 2.2x at the end of Q1/24 and 1.5x at the end of Q4/24.

MANAGEMENT COMMENTARY

Preet S. Dhindsa, Enerflex’s President & Chief Executive Officer (Interim), stated: “We are pleased to report another strong quarter of financial and operational results. Our Energy Infrastructure and After-Market Services business lines continue to deliver steady performance and reinforce Enerflex’s ability to generate sustainable returns across our global platform. Visibility for the ES product line remains solid, with backlog exiting Q1/25 at $1.2 billion, although we continue to closely monitor evolving market conditions and will adjust this business as appropriate. Despite increasing near-term risk and uncertainty, the fundamental drivers behind our business remain intact, namely global energy security and the shift toward low-emissions natural gas. Each of our business lines are delivering solid results and we believe all are well positioned to benefit from these fundamental drivers.”

Joe Ladouceur, Enerflex’s Chief Financial Officer (Interim), stated, “Enerflex repaid an additional $74 million of debt during Q1/25 and reduced our leverage ratio to 1.3 times, reflective of strong operational execution and disciplined capital allocation. Our priorities are generating sustainable free cash flow, solidifying our balance sheet health, and positioning the Company for long-term growth and value creation. We’re sharpening our focus on boosting profitability, strengthening the resilience of our core operations, and ensuring Enerflex generates sustained, attractive returns for shareholders.”

SUMMARY RESULTS

	Three months ended March 31,
($ millions, except percentages)	2025			2024
Revenue	$	552		$	638
Gross margin		128			87
Gross margin as a percentage of revenue		23.2	%		13.6	%
Selling, general and administrative expenses (“SG&A”)		57			78
Foreign exchange loss		–			1
Operating income		71			8
EBITDA¹		105			47
EBIT¹		66			3
EBT¹		43			(23	)
Net earnings (loss)		24			(18	)
Long-term debt		639			853
Net debt²		564			743
Cash provided by operating activities		96			101

Key Financial Performance Indicators (“KPIs”)
ES bookings³	$	205		$	420
ES backlog³		1,206			1,266
EI contract backlog⁴		1,497			1,639
Gross margin before depreciation and amortization (“Gross margin before D&A”)⁵		161			119
Gross margin before D&A as a percentage of revenue⁵		29.2	%		18.7	%
Adjusted EBITDA⁶		113			69
Free cash flow⁷		85			72
Bank-adjusted net debt to EBITDA ratio⁷	1.3x			2.2x
Return on capital employed (“ROCE”)^7,8		14.2	%		0.6	%

_{¹EBITDA is defined as earnings before finance costs, income taxes, depreciation and amortization. EBIT is defined as earnings before finance costs and income taxes. EBT is defined as earnings before taxes.}
_{²Net debt is defined as total long-term debt less cash and cash equivalent as presented in the Financial Statements.}
_{³Refer to the “ES Bookings and Backlog” section of the MD&A for further details.}
_{⁴Refer to the “EI Contract Backlog” section of the MD&A for further details.}
_{⁵Refer to the “Gross Margin by Product line” section of the MD&A for further details.}
_{⁶Refer to the “Adjusted EBITDA” section of the MD&A for further details.}
_{⁷Refer to the “Non-IFRS Measures” section of the MD&A for further details.}
_{⁸Determined by using the trailing 12-month period.}

Enerflex’s interim consolidated financial statements and notes (the “financial statements”) and Management’s Discussion and Analysis (“MD&A”) as at March 31, 2025, can be accessed on the Company’s website at www.enerflex.com and under the Company’s SEDAR+ and EDGAR profiles at www.sedarplus.ca and www.sec.gov/edgar, respectively.

OUTLOOK

Industry Update

Enerflex continues to expect operating results to be underpinned by the highly contracted EI product line and the recurring nature of AMS, which together are expected to account for approximately 65% of gross margin before depreciation and amortization during 2025. The EI product line is supported by customer contracts expected to generate approximately $1.5 billion of revenue over their remaining terms.

Visibility for the ES product line remains solid, with a backlog of approximately $1.2 billion as at March 31, 2025, the majority of which is expected to convert into revenue over the next 12 months. During 2025, ES gross margins are expected to align more closely with historical averages, reflecting both weaker domestic natural gas prices through much of 2024 and a shift in project mix.

While near-term ES revenue is expected to remain steady, Enerflex continues to closely monitor evolving market conditions and increased near-term risk and uncertainty, including the impact of tariffs and lower oil prices, and will adjust its business as appropriate. The Company expects to be partially protected from the direct and indirect impact of tariffs through its diversified operations and on-going risk management efforts. Enerflex’s operations in the USA, Canada and Mexico are largely distinct in the client partners and projects they serve. USA is Enerflex’s largest operating region, generating 45% of consolidated revenue on a trailing-twelve month basis by destination of sale, and we believe the Company is well positioned to benefit from growth in domestic energy production. Enerflex’s operations in Canada and Mexico generated 11% and 3% of consolidated revenue on a trailing twelve-month basis, respectively.

Despite increased near-term risk and uncertainty for the ES product line, recent domestic natural gas prices have been constructive, and the medium-term outlook for ES products and services remains attractive, supported by anticipated growth in natural gas and produced water volumes across Enerflex’s global footprint.

Capital Spending

Enerflex continues to target a disciplined capital program in 2025, with total capital expenditures of $110 million to $130 million. This includes a total of approximately $70 million for maintenance and property, plant and equipment (“PP&E”) capital expenditures and growth spending of $40 million to $60 million. Disciplined capital spending will focus on customer supported opportunities primarily in the USA. Notably, the fundamentals for contract compression in the USA remain strong, led by expected increases in natural gas production in the Permian basin and capital spending discipline from market participants. Enerflex will continue to make selective customer supported growth investments in this business.

Capital Allocation

Providing meaningful direct shareholder returns is a priority for Enerflex, reflected through the 50% increase of the Company’s third quarter 2024 dividend, and implementation of the Normal Course Issuer Bid (“NCIB”).

The NCIB commenced on April 1, 2025 and will terminate no later than March 31, 2026. Under the NCIB, the Company is authorized to acquire up to a maximum of 6,159,695 Common Shares or approximately 5% of its public float as at the application date, for cancellation. During the month of April 2025, Enerflex repurchased 690,500 Common Shares at an average price of CAD$10.15 per share.

Going forward, capital allocation decisions will be based on delivering value to Enerflex shareholders and measured against Enerflex’s ability to maintain balance sheet strength. In addition to increases in the Company’s dividend, share repurchases, and disciplined growth capital spending, Enerflex will also consider further debt reduction to strengthen its balance sheet and lower net finance costs. Unlocking greater financial flexibility positions the Company to respond to evolving market conditions and capitalize on opportunities to optimize its debt stack.

DIVIDEND DECLARATION

Enerflex is committed to paying a sustainable quarterly cash dividend to shareholders. The Board of Directors has declared a quarterly dividend of CAD$0.0375 per share, payable on June 3, 2025, to shareholders of record on May 21, 2025.

CONFERENCE CALL AND WEBCAST DETAILS

Investors, analysts, members of the media, and other interested parties, are invited to participate in a conference call and audio webcast on Thursday, May 8, 2025 at 8:00 a.m. (MDT), where members of senior management will discuss the Company’s results. A question-and-answer period will follow.

To participate, register at https://register-conf.media-server.com/register/BIbf48293aea6d4b518127ab7e050c6058. Once registered, participants will receive the dial-in numbers and a unique PIN to enter the call. The audio webcast of the conference call will be available on the Enerflex website at www.enerflex.com under the Investors section or can be accessed directly at https://edge.media-server.com/mmc/p/oqas9bdk.

NON-IFRS MEASURES

Throughout this news release and other materials disclosed by the Company, Enerflex employs certain measures to analyze its financial performance, financial position, and cash flows, including net debt-to-EBITDA ratio and bank-adjusted net debt-to-EBITDA ratio. These non-IFRS measures are not standardized financial measures under IFRS and may not be comparable to similar financial measures disclosed by other issuers. Accordingly, non-IFRS measures should not be considered more meaningful than generally accepted accounting principles measures as indicators of Enerflex’s performance. Refer to “Non-IFRS Measures” of Enerflex’s MD&A for the three months ended March 31, 2025, for information which is incorporated by reference into this news release and can be accessed on Enerflex’s website at www.enerflex.com and under the Company’s SEDAR+ and EDGAR profiles at www.sedarplus.ca and www.sec.gov/edgar, respectively.

ADJUSTED EBITDA

	Three months ended March 31, 2025
($ millions)	NAM			LATAM			EH		Total
Net earnings¹									$	24
Income taxes¹										19
Net finance costs^1,2										23
EBIT³	$	38		$	19		$	12	$	66
Depreciation and Amortization		16			11			12		39
EBITDA	$	54		$	30		$	24	$	105
Share-based compensation		(2	)		(1	)		–		(3	)
Impact of finance leases
Principal payments received		–			–			8		8
Loss on redemption options³										3
Adjusted EBITDA	$	52		$	29		$	32	$	113

_{¹The Company included net earnings (loss), income taxes, and net finance costs on a consolidated basis to reconcile to EBIT.}
_{²Net finance costs are considered corporate expenditures and therefore have not been allocated to reporting segments.}
_{³EBIT includes $3 million loss on redemption options associated with the Notes. Debt is managed within Corporate and is not allocated to reporting segments.}

	Three months ended March 31, 2024
($ millions)	NAM		LATAM		EH			Total
Net loss¹								$	(18	)
Income taxes¹									(5	)
Net finance costs^1,2									26
EBIT	$	33	$	5	$	(35	)	$	3
Depreciation and amortization		18		10		16			44
EBITDA	$	51	$	15	$	(19	)	$	47
Restructuring, transaction and integration costs		3		2		1			6
Share-based compensation		3		1		2			6
Impact of finance leases
Upfront gain		–		–		(3	)		(3	)
Principal payments received		–		–		13			13
Adjusted EBITDA	$	57	$	18	$	(6	)	$	69

FREE CASH FLOW

The Company defines free cash flow as cash provided by (used in) operating activities, less total capital expenditures (growth and maintenance) for EI assets – operating leases and PP&E, mandatory debt repayments, and lease payments, while proceeds on disposals of PP&E and EI assets – operating leases are added back. Free cash flow may not be comparable to similar measures presented by other companies as it does not have a standardized meaning under IFRS. Management uses this non-IFRS measure to assess the level of free cash generated to fund other non-operating activities. These activities could include dividend payments, share repurchases, and non-mandatory debt repayments. Free cash flow is also used in calculating the dividend payout ratio.

	Three months ended March 31,
($ millions, except percentages)	2025			2024
Cash provided by operating activities before changes in working capital and other¹	$	62		$	18
Net change in working capital and other		34			83
Cash provided by operating activities²	$	96		$	101
Less:
Capital expenditures – Maintenance and PP&E		(8	)		(9	)
Capital expenditures – Growth		(6	)		(8	)
Mandatory debt repayments		–			(10	)
Lease payments		(6	)		(4	)
Add:
Proceeds on disposals of PP&E and EI assets – operating leases		9			2
Free cash flow	$	85		$	72
Dividends paid		6			2
Dividend payout ratio		7.1	%		2.8	%

_{¹Enerflex also refers to cash provided by operating activities before changes in working capital and other as “Funds from operations” or “FFO”.}
_{²Enerflex also refers to cash provided by operating activities as “Cashflow from operations” or “CFO”.}

BANK-ADJUSTED NET DEBT-TO-EBITDA RATIO

The Company defines net debt as short- and long-term debt less cash and cash equivalents at period end, which is then divided by EBITDA for the trailing 12 months. In assessing whether the Company is compliant with the financial covenants related to its debt instruments, certain adjustments are made to net debt and EBITDA to determine Enerflex’s bank-adjusted net debt-to-EBITDA ratio. These adjustments and Enerflex’s bank-adjusted net-debt-to EBITDA ratio are calculated in accordance with, and derived from, the Company’s financing agreements.

GROSS MARGIN BEFORE DEPRECIATION AND AMORTIZATION

Gross margin before depreciation and amortization is a non-IFRS measure defined as gross margin excluding the impact of depreciation and amortization. The historical costs of assets may differ if they were acquired through acquisition or constructed, resulting in differing depreciation. Gross margin before depreciation and amortization is useful to present operating performance of the business before the impact of depreciation and amortization that may not be comparable across assets.

ADVISORY REGARDING FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” (and together with “forward-looking information”, “FLI”) within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are FLI. The use of any of the words “anticipate”, “believe”, “could”, “expect”, “future”, “may”, “potential”, “should”, “will” and similar expressions, (including negatives thereof) are intended to identify FLI.

In particular, this news release includes (without limitation) FLI pertaining to:

expectations that the North American contract compression fleet will grow to over 475,000 horsepower by the end of 2025;
Enerflex’s ability to generate sustainable free cash flow, solidify its balance sheet health, and position the Company for long-term growth and value creation, and the time required in connection therewith, if at all;
disclosures under the heading “Outlook” including:
- the highly contracted EI product line and the recurring nature of AMS will, together, account for approximately 65% of Enerflex’s gross margin before depreciation and amortization during 2025;
- customer contracts within Enerflex’s EI product line will generate approximately $1.5 billion of revenue over their remaining terms;
- a majority of the ES product line backlog of approximately $1.2 billion as at March 31, 2025, will convert into revenue over the next 12 months;
- ES gross margins are expected to align more closely with historical averages while near term ES revenue will remain steady;
- expectations that the Company will be partially protected from the direct and indirect impact of tariffs through its diversified operations and on-going risk management efforts;
- in respect of the USA, expectations that the Company is well positioned to benefit from growth in domestic energy production;
- natural gas and produced water volumes are anticipated to grow across Enerflex’s global footprint, supporting an attractive medium-term outlook for ES products and services;
- total capital expenditures in 2025 will be $110 million to $130 million which includes approximately $70 million for maintenance and PP&E capital expenditures and growth spending of $40 million to $60 million;
- capital spending will focus on customer supported opportunities primarily in the USA;
- the fundamentals for contract compression in the USA remain strong, led by expected increases in natural gas production in the Permian basin and capital spending discipline from market participants;
- considerations to further reduce debt to strengthen our balance sheet and lower net financing costs and that doing so will position the Company to respond to evolving market conditions and capitalize on opportunities to optimize its debt stack;
the ability of Enerflex to continue to pay a sustainable quarterly cash dividend; and
using free cash generated to fund other non-operating activities including dividend payments, share repurchases, and non-mandatory debt repayments, if at all.

FLI reflect management’s current beliefs and assumptions with respect to such things as the impact of general economic conditions; commodity prices; the markets in which Enerflex’s products and services are used; general industry conditions, forecasts, and trends; changes to, and introduction of new, governmental regulations, laws, and income taxes; increased competition; availability of qualified personnel; political unrest and geopolitical conditions; and other factors, many of which are beyond the control of Enerflex. More specifically, Enerflex’s expectations in respect of its FLI are based on a number of assumptions, estimates and projections developed based on past experience and anticipated trends, including but not limited to:

the ability of the Company to adjust the business as appropriate in response to ES activity levels, evolving market conditions, and increased near-term risk and uncertainty, including the impact of tariffs and lower oil prices;
market dynamics, including increased energy demand, infrastructure development, and production activity, will drive growth in natural gas and produced water volumes across Enerflex’s global footprint;
market conditions, customer activity, and industry fundamentals will support stable demand across Enerflex’s product lines and geographic regions throughout 2025;
the high level of contractual commitments within the EI product line and the predictable, recurring revenue from AMS will continue;
existing customer contracts within the EI product line will remain in effect and with no material cancellations or renegotiations over their remaining terms;
the execution of projects within the ES product line will proceed as scheduled and the conversion to revenue will proceed without significant delays or cancellations;
no significant unforeseen cost overruns or project delays;
market conditions continuing to support the NCIB within the anticipated timeframe; and
Enerflex will maintain sufficient cash flow, profitability, and financial flexibility to support the ongoing payment of a sustainable quarterly cash dividend, subject to market conditions, operational performance, and board approval.

As a result of the foregoing, actual results, performance, or achievements of Enerflex could differ and such differences could be material from those expressed in, or implied by, the FLI. The principal risks, uncertainties and other factors affecting Enerflex and its business are identified under the heading “Risk Factors” in: (i) Enerflex’s Annual Information Form for the year ended December 31, 2024, dated February 27, 2025; and (ii) Enerflex’s Annual Report dated February 26, 2025, copies of which are available under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively.

The FLI included in this news release are made as of the date of this news release and are based on the information available to the Company at such time and, other than as required by law, Enerflex disclaims any intention or obligation to update or revise any FLI, whether as a result of new information, future events, or otherwise. This news release and its contents should not be construed, under any circumstances, as investment, tax, or legal advice.

The outlook provided in this news release is based on assumptions about future events, including economic conditions and proposed courses of action, based on Management’s assessment of the relevant information currently available. The outlook is based on the same assumptions and risk factors set forth above and is based on the Company’s historical results of operations. The outlook set forth in this news release was approved by Management and the Board of Directors. Management believes that the prospective financial information set forth in this news release has been prepared on a reasonable basis, reflecting Management’s best estimates and judgments, and represents the Company’s expected course of action in developing and executing its business strategy relating to its business operations. The prospective financial information set forth in this news release should not be relied on as necessarily indicative of future results. Actual results may vary, and such variance may be material.

ABOUT ENERFLEX

Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low-carbon, and treated water solutions – from individual, modularized products and services to integrated custom solutions. With over 4,600 engineers, manufacturers, technicians, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future. The Company remains committed to the future of natural gas and the critical role it plays, while focused on sustainability offerings to support the energy transition and growing decarbonization efforts.

Enerflex’s common shares trade on the Toronto Stock Exchange under the symbol “EFX” and on the New York Stock Exchange under the symbol “EFXT”. For more information about Enerflex, visit www.enerflex.com.

For investor and media enquiries, contact:

Preet S. Dhindsa
President and Chief Executive Officer (Interim)
E-mail: PDhindsa@enerflex.com

Joe Ladouceur
Chief Financial Officer (Interim)
E-mail: JLadouceur@enerflex.com

Jeff Fetterly
Vice President, Corporate Development and Capital Markets
E-mail: JFetterly@enerflex.com

The MIL Network –

May 8, 2025

MIL-OSI: Best Online Casinos Ontario: 7Bit Casino Voted no 1 for Its Extensive Crypto Game Selection and Generous Bonuses

Source: GlobeNewswire (MIL-OSI)

JERSEY CITY, N.J., May 08, 2025 (GLOBE NEWSWIRE) — 7Bit Casino is quickly becoming a go-to pick for Ontario players in 2025, especially those who love using crypto. With thousands of games, smooth and flexible payment options, and a user-friendly design, it’s built for a fun, stress-free experience. Whether you’re spinning the latest slots, hitting the live dealer tables, or chasing big jackpots, 7Bit Casino has you covered. Plus, new players get a head start with an exclusive welcome bonus to kick things off right.

✅PLAY AT 7BIT CASINO – CLAIM EXCLUSIVE CRYPTO BONUSES AND START WINNING!

This offer provides up to a 325% bonus up to CAD 10,800 plus 250 Free Spins across your first four deposits, giving you a significant boost to explore the platform. As a leading anonymous online casino, 7Bit Casino boasts over 7,000 real money games, lightning-fast payouts, and a no-KYC policy that prioritizes player privacy. From the best online pokies to immersive live dealer games and comprehensive sports betting options, 7Bit Casino is the ultimate destination among the best online casinos in Ontario.

A Comprehensive Review of the Best Online Casinos in Ontario

The online gambling landscape in Ontario is thriving, with new online casinos launching regularly to compete with industry stalwarts. However, not all platforms deliver the quality, security, and excitement players expect. To identify the best online casinos Ontario has to offer, a team of iGaming specialists conducted an exhaustive review, focusing on key criteria that matter most to players. These include:

Criteria	Description
License	Verifies operation under a reputable regulatory authority.
Fairness	Ensures games are audited for randomness and fairness by independent firms.
Quality of Games	Evaluates the variety, quality, and reputation of game providers.
Bonuses and Promotions	Assesses the generosity, fairness, and transparency of bonus terms.
Payment Methods	Checks speed, variety, and efficiency of deposit and withdrawal options.
Online Security	Confirms robust measures to protect player data and transactions.
Mobile Experience	Reviews usability, performance, and accessibility on mobile devices.
Sportsbook Quality	Evaluate the range, odds, and features of sports betting options.
KYC	Examines the ease and necessity of verification processes.
Deposit/Withdrawal Limits	Assess the flexibility and suitability of financial limits for all players.
Customer Support	Gauge responsiveness, professionalism, and availability of support channels.

After analyzing dozens of platforms, 7Bit Casino emerged as the clear winner, securing its title as the best online casino in Ontario 2025. Its innovative approach, combining cryptocurrency support, a vast game library, and player-friendly policies, sets it apart from the competition.

Why 7Bit Casino is the #1 Choice Among the Best Online Casinos in Ontario

Operated by Dama N.V., a well-respected name in the iGaming industry, 7Bit Casino excels across all evaluation criteria, offering a seamless and rewarding experience that surpasses competitors. Its focus on cryptocurrency, privacy, and entertainment makes it a standout among new online casinos.

Here’s a detailed breakdown of its strengths:

1. License

7Bit Casino operates under a Curacao iGaming License (Curacao eGaming), a globally recognized authority that enforces strict standards for fairness, security, and responsible gaming. Unlike some competitors with less reputable licenses, such as those from lesser-known jurisdictions, 7Bit’s Curacao certification provides players with confidence in its legitimacy and operational integrity. This regulatory oversight ensures that the casino adheres to industry best practices, making it a trusted choice among the best online casinos in Ontario.

2. Fairness

All games at 7Bit Casino are rigorously audited by independent third-party firms like eCOGRA and iTech Labs, ensuring randomness and fairness. This commitment to transparency surpasses competitors like Spin Casino, which has faced occasional scrutiny over game fairness.

The use of provably fair mechanisms for certain games allows players to verify outcomes independently, a feature not widely offered by platforms like Betway. For players seeking the best online casinos in Ontario, 7Bit’s dedication to fair play is a significant advantage.

3. Games Offered in 7Bit Casino

Boasting over 7,000 real money games from nearly 100 top-tier providers, including NetEnt, Evolution, Microgaming, Habanero, BGaming, and Play’n GO, 7Bit Casino offers Ontario’s most diverse and high-quality game library. Competitors like Jackpot City (approximately 500 games) and LeoVegas (2,000+ games) fall short in both variety and volume. The selection includes:

Slots: Classics like Starburst, progressive jackpots like Mega Moolah, and themed titles like Book of Dead and Gonzo’s Quest. With thousands of slots, players seeking the best online pokies are spoiled for choice.
Table Games: Multiple variants of Blackjack, Roulette, Poker, and Baccarat, including European and American Roulette, and unique options like Multi-Hand Blackjack.
Live Dealer Games: High-definition streams of Blackjack, Roulette, Baccarat, and game shows like Crazy Time, powered by Evolution Gaming.
Jackpot Games: Opportunities for life-changing wins with titles like Hall of Gods and Divine Fortune.
Video Poker: Strategic games like Jacks or Better, Deuces Wild, and Aces & Faces.
Instant Wins: Quick-play options like scratch cards and keno for fast-paced fun.

This extensive variety ensures that players, from casual gamers to high rollers, find entertainment tailored to their preferences, making 7Bit a leader among brand-new online casinos.

4. Bonuses and Promotions

7Bit Casino is celebrated for its generous and player-friendly bonuses, outpacing competitors like Betway, which offers a smaller welcome package with higher wagering requirements. Its promotions are designed to maximize value and enhance the gaming experience:

Welcome Bonus: New players can claim up to a 325% bonus up to CAD 10,800 plus 250 Free Spins across four deposits:
- 1st Deposit: 100% bonus + 100 Free Spins
- 2nd Deposit: 75% bonus + 100 Free Spins
- 3rd Deposit: 50% bonus
- 4th Deposit: 100% bonus + 50 Free Spins
- New Game Offer: 45 FS
- Telegram Offer: 50 FS
- Monday Offer: 25% + 50 FS
- Wednesday Offer: Up to 100 Free Spins
- Weekly Cashback: Up to 20%
- Telegram Friday Offer: 111 Free Spins
- Telegram Sunday Offer: 66 Free Spins
Tournaments: Regular events with prize pools up to $50,000, offering cash prizes and free spins.
- Titans` Arena: $8000
- Platipus Rush: €2000
- 10 Years of Platipus: € 100,000
- Lucky Spin: $1500 + 1500 Free Spins

Unlike competitors with restrictive terms, 7Bit’s bonuses come with low wagering requirements, making it easier to convert bonuses into real winnings. This generosity cements its position among the best online casinos Ontario.

✅ENJOY THE WELCOME BONUS OFFER OF 325% UP TO 10800 CAD AND 250 FREE SPINS

5. Payment Methods and Banking Experience
7Bit Casino supports a wide array of payment methods, offering flexibility and speed that surpass competitors like Spin Casino, which lacks cryptocurrency options:

Fiat Options: VISA, MasterCard, Neosurf, eZeeWallet, AstroPay, Online Banking.
Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Dogecoin, Tether USDT, Bitcoin Cash, and more.

Deposits are instant across all methods, while withdrawals are processed swiftly, often within 24 hours for cryptocurrencies and 1-3 days for fiat options. This is significantly faster than LeoVegas’s 1-5 day withdrawal times. The absence of fees on crypto transactions enhances cost-effectiveness, making 7Bit a top Pay ID casino and a leader among the best online casinos in Ontario. Players can also benefit from low minimum deposit thresholds, starting at $10 for most methods, ensuring accessibility for all budgets.

6. Online Security

Security is a cornerstone of 7Bit Casino’s operations. The platform employs military-grade SSL encryption to protect player data and financial transactions, complemented by secure servers and a clean record of no data breaches.

Compared to competitors like Betway, which faced minor security concerns in 2023, 7Bit’s robust framework ensures a safe gaming environment. Regular security audits and compliance with Curacao regulations further enhance trust, making it a reliable choice among the best online casinos Ontario.

7. Mobile Experience

In today’s fast-paced world, mobile compatibility is essential for any online casino Ontario player. 7Bit Casino excels with a fully optimized mobile website that performs seamlessly on all browsers and devices, including Android and iOS.

Unlike Jackpot City, which relies on a downloadable app, 7Bit requires no downloads, offering instant access to its full game library, account management, and bonus claims. The mobile platform maintains high-quality graphics, smooth gameplay, and intuitive navigation, ensuring a consistent experience across devices.

8. Quality of Sportsbook

While competitors like LeoVegas emphasize sports betting, 7Bit Casino offers a competitive sportsbook covering over 35 sports and esports, including football, basketball, tennis, hockey, and emerging markets like eSports (e.g., Dota 2, CS: GO). Features include live betting, competitive odds, and exclusive bonuses like free bets and cashback. This versatility makes 7Bit a well-rounded option among new online casinos, catering to players who enjoy both casino games and sports wagering.

9. KYC (Know Your Customer)

As an anonymous online casino, 7Bit Casino eliminates KYC requirements, unlike Jackpot City and Betway, which mandate extensive verification processes. This privacy-focused approach allows players to sign up and play without submitting personal documents, appealing to those who value discretion. The no-KYC policy is a significant differentiator, setting 7Bit apart among the best online casinos in Ontario.

10. Customer Support Service

7Bit Casino provides 24/7 customer support through multiple channels, outshining competitors like Betway, which lacks phone support:

Live Chat: Instant assistance directly on the website.
Email: support@7bit.com for detailed inquiries.

The professional support team resolves issues quickly, from account setup to payment queries, enhancing the player experience and reinforcing 7Bit’s status as a top online casino in Ontario.

How to Get Started at 7Bit Casino

Joining 7Bit Casino is quick and straightforward, even for newcomers to online casinos Ontario:

Visit the Website: Go to 7Bit Casino on your desktop or mobile device.
Sign Up: Enter your email, choose a password, and select your preferred currency. No KYC verification is required, ensuring a hassle-free start.
Make a Deposit: Choose from fiat or crypto options to fund your account instantly. Minimum deposits start at $10.
Claim Your Welcome Bonus: Activate the 325% bonus plus 250 Free Spins across your first four deposits.
Start Playing: Explore the 7,000+ game library, from pokies to live dealer games, and enjoy your gaming journey.

The intuitive interface and mobile compatibility make it easy to navigate and enjoy, whether you’re at home or on the go.

✅REGISTER AT 7BIT – DIVE INTO A WORLD OF CRYPTO FUN AND WINNING!

VIP Programs and Rewards: Loyalty Pays Off

7Bit Casino rewards loyalty through a tiered VIP program, offering escalating benefits as players climb levels:

Higher cashback percentages (up to 20%).
Dedicated account managers for personalized support.
Exclusive tournaments and quests with rare rewards.
Personalized bonuses tailored to player preferences.

Compared to LeoVegas’s less structured loyalty program, 7Bit’s system provides tangible incentives, enhancing its appeal among new online casinos. Regular players also gain access to special events and limited-time offers, ensuring long-term engagement.

Security and Trust: A Safe Gaming Environment

Security is paramount at 7Bit Casino, which uses military-grade SSL encryption, secure servers, and has no history of data breaches. Its Curacao license ensures compliance with strict regulatory standards, surpassing competitors like Betway, which faced minor security issues in 2023. Regular audits and transparent policies further enhance trust, making 7Bit a reliable choice among the best online casinos Ontario.

Responsible Gambling: Prioritizing Player Well-Being

7Bit Casino is committed to promoting responsible gambling, offering a suite of tools to help players manage their gaming habits:

Deposit Limits: Set daily, weekly, or monthly caps to control spending.
Loss Limits: Prevent excessive losses by capping spending over a set period.
Cool-off Periods: Temporarily suspend accounts for short breaks.
Self-Exclusion: Opt out for extended periods, with reactivation requiring direct contact.
Account Closure: Permanently close accounts for those needing a complete break.

Additionally, 7Bit provides resources and links to organizations like Gamblers Anonymous and Gambling Therapy, ensuring players have access to professional support. This commitment surpasses competitors with less robust measures, solidifying 7Bit’s status among the best online casinos in Ontario.

The Rise of 7Bit Casino: A Global Leader

Since its launch in 2014, 7Bit Casino, operated by Dama N.V., has grown into a global powerhouse in the iGaming industry. Its early adoption of cryptocurrency, focus on anonymous gaming, and expansive game library have earned it a stellar reputation. Positive reviews on platforms like AskGamblers and CasinoGuru praise its reliability, fast payouts, and player-friendly policies. This global success translates to Ontario, where 7Bit has become a top pick among new online casinos.

Player Testimonials: Real Experiences

Players consistently praise 7Bit Casino for its exceptional features:

“The no-KYC policy and instant crypto payouts make 7Bit my go-to casino.” – Alex M., Toronto
“The welcome bonus was a game-changer, and the variety of pokies is unreal.” – Emma L., Ottawa
“Customer support is quick and professional, unlike other casinos I’ve tried.” – Ryan T., London

These testimonials highlight why 7Bit is a favorite among online casinos Ontario, reflecting its ability to deliver a superior player experience.

Game Provider Partnerships: Powering a World-Class Gaming Experience

The quality and diversity of game provider partnerships are pivotal in distinguishing the best online casinos in Ontario from their peers, as they directly influence the gaming experience. 7Bit Casino excels in this area by collaborating with nearly 100 top-tier software providers, including industry giants like NetEnt, Microgaming, Evolution Gaming, Play’n GO, BGaming, and Habanero, as well as innovative studios like Yggdrasil, Pragmatic Play, and Red Tiger.

This extensive network enables 7Bit to offer over 7,000 high-quality games, far surpassing competitors like Jackpot City, which partners with fewer providers (primarily Microgaming) and offers a limited 500-game catalog.

These partnerships also guarantee technical excellence, with games optimized for fast loading, high-definition graphics, and seamless performance across devices. 7Bit Casino further benefits from providers’ commitment to fairness, as many integrate provably fair technology and undergo regular audits by firms like eCOGRA.

By fostering robust and diverse game provider partnerships, 7Bit ensures a dynamic, engaging, and reliable gaming experience, solidifying its position as a leader among brand new online casinos in Ontario.

The Future of Online Gambling in Ontario

Ontario’s online gambling market is poised for significant growth, driven by trends like cryptocurrency adoption, virtual reality (VR) gaming, and privacy-focused platforms. 7Bit Casino is well-positioned to lead this evolution, with its crypto support, no-KYC policy, and forward-thinking approach.

Emerging technologies like VR and augmented reality (AR) may soon enhance gaming experiences, but for now, 7Bit remains the gold standard among brand-new online casinos. Its ability to adapt to market trends ensures it will remain a top contender in 2026 and beyond.

Community Engagement and Social Presence

7Bit Casino actively engages its community through social media platforms like Twitter, Telegram, and Instagram, where it shares updates on bonuses, tournaments, and new game releases. Regular giveaways and interactive campaigns foster a sense of community, unlike competitors with limited online presence. This transparency and engagement build trust, further cementing 7Bit’s status among new online casinos.

Industry Recognition and Awards

7Bit Casino has received many awards from reputable platforms like AskGamblers, CasinoGuru, and iGaming Business, recognizing its excellence in game variety, bonuses, and player satisfaction. These achievements underscore its position as the best online casino in Ontario, setting a benchmark for competitors to follow.

Strategies for Winning at 7Bit Casino

To maximize your experience at 7Bit Casino, consider these tips:

Leverage Bonuses: Use the welcome bonus and daily offers to extend your playtime, but always read the terms to understand wagering requirements.
Choose High-RTP Games: Opt for slots like Mega Joker (99% RTP) or video poker for better long-term returns.
Participate in Tournaments: Compete in regular tournaments for a chance at cash prizes and free spins.
Set a Budget: Use responsible gambling tools to manage spending and avoid chasing losses.
Explore Crypto Payments: Crypto withdrawals are faster and fee-free, ideal for quick access to winnings.

These strategies, combined with 7Bit’s player-friendly features, enhance your chances of success at one of the best online casinos Ontario.

Customer Support: Reliable Assistance

7Bit Casino offers 24/7 customer support through multiple channels, ensuring players receive prompt assistance:

Live Chat: Instant help directly on the website, with response times under a minute.
Email: Contact support@7bit.com for detailed inquiries, with replies typically within a few hours.

The professional and multilingual support team handles everything from account setup to payment disputes, enhancing the player experience and reinforcing 7Bit’s status as a top online casino in Ontario.

Final Words About 7Bit: The Best Online Casino in Ontario

In a competitive landscape filled with brand-new online casinos, 7Bit Casino shines as the best online casino in Ontario 2025. Its vast game library of over 7,000 titles, generous bonuses, rapid payouts, privacy-focused no-KYC policy, and robust security measures make it the ideal choice for all players.

Whether you’re chasing the best online pokies, immersive live dealer experiences, or competitive sports betting, 7Bit Casino delivers on every front. Its commitment to responsible gambling, community engagement, and industry innovation further solidifies its leadership.

Don’t miss the opportunity to join Ontario’s premier online casino. Sign up today and claim your welcome bonus to experience why 7Bit Casino is the top choice among the best online casinos in Ontario!

✅Unlock Your 325% Bonus – Up to $10,800 CAD + 250 Free Spins!

Email: Support@7bitCasino.com

Disclaimer and Affiliate Disclosure

This article is for informational and promotional purposes only and does not constitute legal, financial, or professional advice. Readers should verify information independently before acting on it. Affiliate links may generate commissions at no additional cost to users. Gambling is intended for individuals of legal age (19 in Ontario) and should be conducted responsibly. Seek help from certified organizations like Gamblers Anonymous for gambling addiction. All trademarks and brand names are the property of their respective owners. By reading this article, you acknowledge that you do so at your own risk and agree to hold the publisher, affiliates, and contributors harmless from any liability arising from its use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3a46ab4c-dc1e-452b-b7c9-48abff55ce3b

The MIL Network –

May 8, 2025

MIL-OSI: Best Online Casinos 2025: 7Bit Ranked Top Real Money Online Casino With Exclusive Bonuses & Secure Payment Methods
Source: GlobeNewswire (MIL-OSI)

JERSEY CITY, N.J., May 08, 2025 (GLOBE NEWSWIRE) — After A Thorough Review By Our Expert Team, 7Bit Casino Is Recognized As The Best Online Casino For 2025, Offering An Extensive Collection Of Over 7,000 Games, Exciting Bonuses, And Seamless Payouts, All While Ensuring A Secure And Player-Friendly Environment.

In the bustling world of online gambling, finding the best online casino can feel overwhelming with so many options. After diving deep into reviews and player feedback, 7Bit Casino stands out as our top choice for 2025. It’s packed with over 7,000 games, from slots to live dealer tables, and offers juicy bonuses like a 325% match up to 5.25 BTC plus 250 free spins. Whether you’re spinning reels or betting on blackjack, 7Bit delivers a real money experience that’s hard to beat.

Ready to jump in? Click here to join 7Bit Casino and grab your welcome bonus today!

Why 7Bit Casino?

7Bit Casino, around for over a decade, nails what players want: privacy, speed, and fun. It’s a no KYC casino for crypto users, meaning you can play without sharing tons of personal info, which is a big plus for privacy lovers. Plus, payouts are lightning-fast, especially with crypto, often hitting your wallet in minutes. It’s not just about the games; it’s about the whole experience, from easy sign-ups to 24/7 help if you need it.

A Closer Look at the Best Online Casino: 7Bit Casino

7Bit Casino has earned its spot as the best online casino for 2025, and here’s why it’s our favorite. With more than 10 years under its belt, it knows how to keep players happy, especially those chasing the best online casino real money vibes.

Standout Features

First off, the welcome bonus is a game-changer. New players get a 325% match up to 5.25 BTC plus 250 free spins spread over four deposits. Imagine boosting your bankroll right off the bat—that’s what 7Bit does, making it the best online casino sign-up bonus around. For example, a $100 deposit could net you extra funds and spins to try out slots like Book of Dead.

But wait, there’s more! 7Bit keeps the excitement going with ongoing deals like reload bonuses, free spins, and cashback offers. They’ve got tournaments too, like Pragmatic Play’s Drops and Wins with big prize pools, so there’s always something to chase.

Game Galore

Games? Oh, they’ve got over 7,000, from classic slots to live dealer blackjack. Whether you’re into fast-paced action or strategic play, 7Bit’s got you covered. Top providers like NetEnt, Microgaming, and Evolution Gaming power these games, ensuring they’re fair and fun. It’s like having a casino in your pocket, perfect for online gambling for real money.

Payments and Privacy

Paying in and out is a breeze. You can use crypto like Bitcoin or stick with regular options like Visa or Pay ID. Crypto payouts are super quick, sometimes in minutes, which is why 7Bit’s a top pick for those wanting the best online casino payouts. And if you value privacy, it’s a no KYC casino for crypto, meaning less hassle and more play.

Support That’s Always On

Need help? 7Bit’s customer support is there 24/7 via live chat or email. They’re quick to fix issues, making your time at one of the best online casinos stress-free. It’s all about making sure you enjoy the ride, whether you’re new or a seasoned player.

In short, 7Bit Casino’s mix of big bonuses, tons of games, fast payouts, and player-friendly features makes it our go-to real money casino for 2025.

GET YOUR 325% BONUS UP TO 5.25 BTC + 250 FREE SPINS HERE!

Pros and Cons

Here’s a quick rundown of what’s great and what could use a tweak at 7Bit Casino:

Pros:
- Big Welcome Bonus: 325% up to 5.25 BTC + 250 free spins over four deposits.
- Huge Game Library: Over 7,000 games, from slots to live dealer tables.
- Lightning-Fast Payouts: Crypto withdrawals in minutes, perfect for real cash online casino fans.
- Always There Help: 24/7 support via chat or email.
- Privacy First: No KYC for crypto, making it a safe online casino.
- Play Anywhere: Mobile site works great on phones and tablets.
Cons:
- Tricky Bonus Rules: Some bonuses need 40-45x wagering, which can be tough.
- Bonus Limits: Some deals only work on slots, not table games like poker.
How To Join 7Bit Casino

Getting started at 7Bit, one of the best online casinos, is super easy. Even if you’re new, you’ll be playing in minutes. Here’s how:
1. Visit 7Bit Casino: Click here to go straight to the sign-up page.
2. Make an Account: Hit “Sign Up,” enter your email, password, and currency. It’s quick, especially for crypto users with no KYC.
3. Add Some Money: Go to the cashier, pick crypto (like Bitcoin) or regular options (Pay ID, Visa), and deposit enough for the bonus.
4. Use the Bonus Code: If needed, type in the promo code (check the site for current ones, like “2DEP” for your second deposit).
5. Get Your Bonus: After depositing and entering the code, 7Bit adds bonus cash and spins to your account.
6. Start Playing for Real Money: Use your funds and bonuses to dive into games and chase those wins.
Pro Tip: Double-check your email and promo code to avoid missing out. Wrong entries won’t get you the bonus, so visit 7Bit’s promotions page for details.

How We Picked The Best Online Casino

We didn’t just pick 7Bit out of a hat. We looked at what really matters to make sure it’s the best online casino for real money play. Here’s how it stacked up:
- License and Safety: 7Bit’s got a Curacao eGaming license, a trusted name in online gambling. It uses top-notch SSL encryption to keep your data safe and games are provably fair, so you know it’s legit.
- Bonuses and Deals: The 325% welcome bonus up to 5.25 BTC + 250 free spins is huge, and they’ve got ongoing offers like cashback and free spins. It’s all about giving you more value.
- Available Games: Over 7,000 games mean you’ll never run out of options, from slots to live dealer tables. It’s a playground for all tastes.
- Game Makers: Top providers like NetEnt, Microgaming, and Evolution Gaming ensure games are fair, look great, and play smoothly.
- Payment Options: You can use crypto for instant payouts or stick with Visa, Pay ID, and more. It’s flexible and fast, perfect for top online casinos real money players.
- Help When You Need It: 24/7 live chat and email support mean help’s always a click away, making it a reliable real money online casino.
7Bit’s strong across the board, making it our pick for the best online casino in 2025.

GET YOUR 325% BONUS UP TO 5.25 BTC + 250 FREE SPINS HERE!

Top Casino Games At The Best Online Casino

7Bit Casino’s game lineup is a big reason it’s the best online casino. Here’s what you can dive into:

Online Slots

Slots are the star here, with thousands to choose from. From simple 3-reel classics to flashy video slots with bonuses and big jackpots, there’s something for everyone. Try hits like Starburst or Mega Moolah for a shot at huge wins, making it ideal for casino games that pay real money.

Blackjack

Love a challenge? Blackjack lets you beat the dealer to 21, mixing luck and strategy. 7Bit’s got classic, multi-hand, and live dealer versions, so you can play your way at this top online casino.

Roulette

Roulette’s all about chance, betting on where the ball lands. 7Bit offers American, European, and French styles, plus live tables for that real casino feel. It’s simple and thrilling, perfect for online gambling for real money.

Poker

Poker fans can enjoy video poker or live tables like Texas Hold’em and Caribbean Stud. It’s all about strategy and big payouts, fitting right into the best real money online casino vibe.

Live Dealer Games

Want the real deal? 7Bit’s live dealer section, powered by Evolution Gaming, brings blackjack, roulette, and baccarat to your screen with real dealers. It’s like being at a fancy casino, and it’s a highlight of top online casinos.

With so many options, 7Bit ensures every player finds their favorite way to win real money online instantly.

CLAIM YOUR 325% BONUS UP TO 5.25 BTC + 250 FREE SPINS NOW AND START WINNING BIG!

Secure Payment Methods At Real Money Casinos

7Bit Casino makes paying easy and safe, which is key for the best online casinos for real money. Here’s what you can use:

Bitcoin (BTC)
- Type: Cryptocurrency
- Processing Time: Instant
- Notes: Fast, private, fee-free
Ethereum (ETH)
- Type: Cryptocurrency
- Processing Time: Instant
- Notes: Secure, quick transactions
Litecoin (LTC)
- Type: Cryptocurrency
- Processing Time: Instant
- Notes: Low fees, speedy
Visa/Mastercard
- Type: Traditional
- Processing Time: Instant (deposits), 1-3 days (withdrawals)
- Notes: Familiar, widely accepted
Pay ID
- Type: E-Wallet
- Processing Time: Instant
- Notes: Fast, secure, no bank details
Skrill
- Type: E-Wallet
- Processing Time: Instant
- Notes: Privacy-focused, quick
Bank Transfer
- Type: Traditional
- Processing Time: 3-5 days
- Notes: Secure for large sums, slower
- Cryptocurrencies: Use Bitcoin, Ethereum, or Litecoin for instant deposits and withdrawals, keeping things private and fast. It’s a big reason 7Bit’s a top pick for online casinos that pay real cash.
- Debit/Credit Cards: Visa and Mastercard are great for quick deposits, though withdrawals take a few days, standard for real money casinos.
- E-Wallets: Pay ID, Skrill, and Neteller let you pay without sharing bank details, perfect for privacy at a safe online casino.
- Bank Transfers: Good for big transactions, but expect a wait of 3-5 days.
7Bit’s payment options ensure you can manage funds easily, making it one of the best paying online casinos.

Playing Smart At Online Casinos

Gambling at 7Bit Casino should be fun, not stressful. They’ve got tools to help you stay in control:
- Deposit Limits: Set how much you can add daily, weekly, or monthly to keep spending in check.
- Loss Limits: Cap how much you can lose over a set time to avoid chasing losses.
- Wagering Limits: Limit your bets to stay disciplined, perfect for online gambling for real money.
- Session Time Limits: Track and cap how long you play to balance gaming with life.
- Cooling-off Periods: Take a break by pausing your account for a while.
- Reality Checks: Get pop-up reminders of how long you’ve been playing to stay mindful.
7Bit also links to support organizations for problem gambling, ensuring a safe experience at this best online casino. Remember, only wager what you can afford to lose.

Conclusion: The Best Online Casino For 2025

After checking out tons of platforms, we’re calling it: 7Bit Casino is the best online casino for 2025. With over 7,000 games—from slots like Mega Moolah to live blackjack—it’s a playground for all. The 325% welcome bonus up to 5.25 BTC is a huge kickstart, and crypto payouts are lightning-fast. As a no KYC casino, it’s perfect for privacy, and options like Pay ID make regular payments smooth. Sure, some bonus rules are tricky, and bank transfers are slow, but those are small compared to what 7Bit brings.

With a solid Curacao license and tight security, 7Bit’s the real deal. Ready to play? Sign up, grab your bonus, and see why it’s the best online casino out there at 7Bit Casino.

Common Inquiries About The Best Online Casinos

What makes 7Bit Casino the best online casino for 2025?

7Bit stands out with over 7,000 games, a 325% bonus up to 5.25 BTC + 250 spins, fast payouts, and no KYC for crypto, making it top for real money play.

Is 7Bit Casino safe and legit?

Yes, it’s licensed by Curacao, uses SSL encryption, and offers provably fair games, ensuring a secure and fair experience at a legit online casino.

What payment methods does 7Bit Casino accept?

7Bit accepts cryptocurrencies like Bitcoin, Ethereum, and traditional options like Visa, Pay ID, Skrill, ensuring flexibility for real money casinos.

Can I play on 7Bit Casino from my mobile device?

Absolutely, 7Bit’s mobile-optimized site works great on phones and tablets, offering seamless access to games and bonuses at the best online casino.

What are the wagering requirements for bonuses at 7Bit Casino?

Bonuses typically require 40-45x wagering, so check the terms. It’s standard for top online casinos, but can be challenging for some players.

Email: support@7bitcasino.com

Disclaimer and Affiliate Disclosure

Legal Disclaimer

This content is for info and fun only, not legal, financial, or gambling advice. Check local laws before playing. Gamble responsibly, only bet what you can afford. Seek help from NCPG if needed. Some links may earn us a commission at no cost to you, based on objective reviews.

Disclaimer: 7Bit Casino promotes responsible gambling. Verify local laws before playing, as it may not be licensed for New Jersey. Gamble only with funds you can afford to lose.

Gambling online comes with financial risks. Make sure you meet the legal age requirement (19+) in your region and follow local laws. Always engage in responsible gambling and check 7Bit’s official site for the latest terms, as promotions and payment methods may be updated.

General Disclaimer

This article is for informational and entertainment purposes only, not legal or financial advice. Content is based on research and user reviews as of writing. No warranties are made, and users must verify information before acting.

Casino and Gambling Disclaimer

Online gambling carries risks and isn’t for everyone. Confirm you’re of legal gambling age in your jurisdiction. Gambling laws vary, and compliance is your responsibility. We don’t promote gambling; participation is at your risk. 7Bit Casino is a third-party platform, and we’re not liable for losses or disputes.

Affiliate Disclosure

This article may include affiliate links, earning us a commission at no cost to you for qualifying actions. These support our content. Our reviews are unbiased, and we recommend only valuable products.

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/1df27c57-fc29-4385-b7fb-0f16b6d505d9

The MIL Network –
May 8, 2025

Category: Entertainment

Music, Meet Math

Volume Up