GlobeNewswire – Page 259

MIL-OSI: LexinFintech Holdings Ltd. Reports First Quarter 2025 Unaudited Financial Results

Source: GlobeNewswire (MIL-OSI)

SHENZHEN, China, May 21, 2025 (GLOBE NEWSWIRE) — LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading technology-empowered personal financial service enabler in China, today announced its unaudited financial results for the quarter ended March 31, 2025.

Mr. Jay Wenjie Xiao, Chairman and Chief Executive Officer of Lexin, commented, “The continued improvement across key performance indicators marks the success of our transformation towards a business model driven by data analytics, risk management, and refined operations.

In the first quarter, key risk metrics continued to trend strongly, validating the effectiveness of our risk management revamp initiatives. Thanks to the ongoing improvements in risk performance, net income for the first quarter exceeded RMB430 million, sustaining its strong growth trajectory and returning to the highest level for the past 13 quarters.

Looking ahead, we will focus on prioritizing customer-centric approaches, elevating customer experience and boosting the competitiveness of our offers, strengthening the business synergies across our ecosystem, and driving technological innovation—particularly in the application of AI. Through operational excellence and strategic agility, we aim to build long-term resilience and competitiveness in a dynamic environment.

Despite the challenging macroeconomic environment, evolving industry landscape, and geopolitical uncertainties, the management remains confident in achieving a significant year-over-year growth in net income, reaffirming our full-year net income guidance.

The management has consistently attached great importance to delivering value to shareholders through various approaches. In November 2024, the board raised the cash dividend payout ratio from 20% to 25% of total net income. We are pleased to announce that the board of directors has approved to further increase the cash dividend payout ratio from 25% to 30% of total net income, effective from the second half of 2025.”

Mr. James Zheng, Chief Financial Officer of Lexin, commented, “Our first-quarter financial results mark another key milestone in our net income target. In the quarter, net income exceeded RMB430 million, representing a 19% quarter-over-quarter and 113% year-over-year increase. Net profit take rate was 1.58%, calculated as net income divided by average loan balance, advancing by 27 basis points compared to the previous quarter. The strong net income growth was underpinned by sustained improvements in asset quality, alongside a further reduction in funding costs.

Looking ahead, we’re committed to a prudent operating strategy, ecosystem synergy enhancement and operational refinement. For the full year 2025, we expect our net income to deliver strong year-over-year growth.”

First Quarter 2025 Operational Highlights:

User Base

Total number of registered users reached 232 million as of March 31, 2025, representing an increase of 8.1% from 215 million as of March 31, 2024, and users with credit lines reached 46.2 million as of March 31, 2025, up by 7.8% from 42.8 million as of March 31, 2024.
Number of active users¹ who used our loan products in the first quarter of 2025 was 4.8 million, representing an increase of 6.0% from 4.5 million in the first quarter of 2024.
Number of cumulative borrowers with successful drawdown was 34.5 million as of March 31, 2025, an increase of 7.6% from 32.0 million as of March 31, 2024.

Loan Facilitation Business

As of March 31, 2025, we cumulatively originated RMB1,376.7 billion in loans, an increase of 17.6% from RMB1,171.1 billion as of March 31, 2024.

Total loan originations² in the first quarter of 2025 was RMB51.6 billion, a decrease of 11.0% from RMB58.0 billion in the first quarter of 2024.
Total outstanding principal balance of loans³ reached RMB107 billion as of March 31, 2025, representing a decrease of 11.7% from RMB122 billion as of March 31, 2024.

Credit Performance⁴

90 day+ delinquency ratio was 3.3% as of March 31, 2025, as compared with 3.6% as of December 31, 2024.
First payment default rate (30 day+) for new loan originations was below 1% as of March 31, 2025.

Tech-empowerment Service

For the first quarter of 2025, we served over 95 business customers with our tech-empowerment service.
In the first quarter of 2025, the business customer retention rate⁵ of our tech-empowerment service was over 80%.

Installment E-commerce Platform Service

GMV⁶ in the first quarter of 2025 for our installment e-commerce platform service was RMB1,126 million, representing an increase of 24.7% from RMB903 million in the first quarter of 2024.
In the first quarter of 2025, our installment e-commerce platform service served over 310,000 users and 200 merchants.

Other Operational Highlights

The weighted average tenor of loans originated on our platform in the first quarter of 2025 was approximately 13.4 months, as compared with 12.5 months in the first quarter of 2024.
Repeated borrowers’ contribution⁷ of loans across our platform for the first quarter of 2025 was 86.1%.

First Quarter 2025 Financial Highlights:

Total operating revenue was RMB3,104 million, representing a decrease of 4.3% from the first quarter of 2024.
Credit facilitation service income was RMB2,191 million, representing a decrease of 17.3% from the first quarter of 2024. Tech-empowerment service income was RMB625 million, representing an increase of 72.8% from the first quarter of 2024. Installment e-commerce platform service income was RMB288 million, representing an increase of 24.4% from the first quarter of 2024.
Net income attributable to ordinary shareholders of the Company was RMB430 million, representing an increase of over 100% from the first quarter of 2024. Net income per ADS attributable to ordinary shareholders of the Company was RMB2.39 on a fully diluted basis.
Adjusted net income attributable to ordinary shareholders of the Company⁸ was RMB472 million, representing an increase of over 100% from the first quarter of 2024. Adjusted net income per ADS attributable to ordinary shareholders of the Company⁸ was RMB2.62 on a fully diluted basis.

__________________________

Active users refer to, for a specified period, users who made at least one transaction during that period through our platform or through our third-party partners’ platforms using the credit line granted by us.
Total loan originations refer to the total principal amount of loans facilitated and originated during the given period.
Total outstanding principal balance of loans refers to the total amount of principal outstanding for loans facilitated and originated at the end of each period, excluding loans delinquent for more than 180 days.
Loans under Intelligent Credit Platform are excluded from the calculation of credit performance. Intelligent Credit Platform (ICP) is an intelligent platform on our “Fenqile” app, under which we match borrowers and financial institutions through big data and cloud computing technology. For loans facilitated through ICP, the Company does not bear principal risk.
Customer retention rate refers to the number of financial institution customers and partners who repurchase our service in the current quarter as a percentage of the total number of financial institution customers and partners in the preceding quarter.
GMV refers to the total value of transactions completed for products purchased on our e-commerce and Maiya channel, net of returns.
Repeated borrowers’ contribution for a given period refers to the principal amount of loans borrowed during that period by borrowers who had previously made at least one successful drawdown as a percentage of the total loan facilitation and origination volume through our platform during that period.
Adjusted net income attributable to ordinary shareholders of the Company, adjusted net income per ordinary share and per ADS attributable to ordinary shareholders of the Company are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section of “Use of Non-GAAP Financial Measures Statement” and the tables captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this press release.

First Quarter 2025 Financial Results:

Operating revenue was RMB3,104 million in the first quarter of 2025, as compared to RMB3,242 million in the first quarter of 2024.

Credit facilitation service income was RMB2,191 million in the first quarter of 2025, as compared to RMB2,648 million in the first quarter of 2024. The decrease was due to the decrease in guarantee income and loan facilitation and servicing fees-credit oriented, partially offset by the increases in financing income.

Loan facilitation and servicing fees-credit oriented was RMB1,136 million in the first quarter of 2025, as compared to RMB1,417 million in the first quarter of 2024. The decrease was primarily due to the decrease in the origination of off-balance sheet loans.

Guarantee income was RMB548 million in the first quarter of 2025, as compared to RMB744 million in the first quarter of 2024. The decrease was primarily due to the decrease of outstanding balances in the off-balance sheet loans funded by certain institutional funding partners, which are accounted for under ASC 460, Guarantees.

Financing income was RMB507 million in the first quarter of 2025, as compared to RMB487 million in the first quarter of 2024. The increase was primarily driven by the increase in the average outstanding balance of the on-balance-sheet loans.

Tech-empowerment service income was RMB625 million in the first quarter of 2025, as compared to RMB362 million in the first quarter of 2024. The increase was primarily driven by the increase of loan facilitation volume through ICP and the increase of referral services.

Installment e-commerce platform service income was RMB288 million in the first quarter of 2025, as compared to RMB232 million in the first quarter of 2024. The increase was primarily driven by the increase in transaction volume in the first quarter of 2025.

Cost of sales consisted of cost of inventory sold and other costs. Cost of sales was RMB262 million in the first quarter of 2025, as compared to RMB236 million in the first quarter of 2024, which was consistent with the increase in installment e-commerce platform service income.

Funding cost was RMB83.0 million in the first quarter of 2025, as compared to RMB90.7 million in the first quarter of 2024. The decrease was primarily driven by the decrease in the funding rates to fund the on-balance sheet loans.

Processing and servicing costs was RMB551 million in the first quarter of 2025, as compared to RMB588 million in the first quarter of 2024. The decrease was primarily driven by a decrease in risk management expenses.

Provision for financing receivables was RMB182 million for the first quarter of 2025, as compared to RMB137 million for the first quarter of 2024. The increase was primarily due to the increase of the outstanding loan balances of on-balance sheet loans and reflects the most recent performance in relation to on-balance sheet loans.

Provision for contract assets and receivables was RMB130 million in the first quarter of 2025, as compared to RMB166 million in the first quarter of 2024. The decrease was primarily driven by the improvement of credit risk performance and the decrease of the outstanding loan balances of off-balance sheet loans.

Provision for contingent guarantee liabilities was RMB677 million in the first quarter of 2025, as compared to RMB828 million in the first quarter of 2024. The decrease was primarily driven by the improvement of credit risk performance and the decrease of outstanding balances in the off-balance sheet loans funded by certain institutional funding partners, which are accounted for under ASC 460, Guarantees.

Gross profit was RMB1,219 million in the first quarter of 2025, as compared to RMB1,197 million in the first quarter of 2024.

Sales and marketing expenses was RMB493 million in the first quarter of 2025, as compared to RMB418 million in the first quarter of 2024. This increase was primarily due to an increase in online advertising costs.

Research and development expenses was RMB156 million in the first quarter of 2025, as compared to RMB135 million in the first quarter of 2024. The increase was primarily due to increased investment in technology development.

General and administrative expenses was RMB101 million in the first quarter of 2025, as compared to RMB89.8 million in the first quarter of 2024. The increase was primarily due to the increase in personnel related costs.

Change in fair value of financial guarantee derivatives and loans at fair value was a gain of RMB74.6 million in the first quarter of 2025, as compared to a loss of RMB316 million in the first quarter of 2024. The change was primarily driven by the fair value gains realized as a result of the release of guarantee obligation as loans are repaid, partially offset by the fair value loss from the re-measurement of the expected loss rates.

Income tax expense was RMB101 million in the first quarter of 2025, as compared to income tax benefit of RMB53.4 million in the first quarter of 2024. The increase was primarily due to the increase in income before income tax expense.

Net income was RMB430 million in the first quarter of 2025, as compared to RMB202 million in the first quarter of 2024.

Recent Development

Updated Dividend Policy

In the third quarter of 2024, the Board of the Company approved to raise the cash dividend payout ratio to 25% of total net income, effective from January 1, 2025. On May 19, 2025, the Board has further approved an updated dividend policy, under which the cash dividend payout will be increased to 30% of total net income, to be paid semi-annually starting from the second half of 2025.

Business Outlook

Looking ahead, while our performance continues to demonstrate positive momentum, we remain prudent in light of ongoing macroeconomic uncertainties. Based on our preliminary assessment, we expect net income for the full year 2025 to achieve a significant year-over-year growth driven by continued improvements in asset quality. The forecast is subject to the impact of macroeconomic factors, and we may adjust the performance outlook as appropriate based on evolving circumstances.

Conference Call

The Company’s management will host an earnings conference call at 10:00 PM U.S. Eastern time on May 21, 2025 (10:00 AM Beijing/Hong Kong time on May 22, 2025).

Participants who wish to join the conference call should register online at:

https://register-conf.media-server.com/register/BI0dc0f8f7695c4583bd50587c8b103490

Once registration is completed, each participant will receive the dial-in number and a unique access PIN for the conference call.

Participants joining the conference call should dial in at least 10 minutes before the scheduled start time.

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

About LexinFintech Holdings Ltd.

We are a leading credit technology-empowered personal financial service enabler. Our mission is to use technology and risk management expertise to make financing more accessible for young generation consumers. We strive to achieve this mission by connecting consumers with financial institutions, where we facilitate through a unique model that includes online and offline channels, installment consumption platform, big data and AI driven credit risk management capabilities, as well as smart user and loan management systems. We also empower financial institutions by providing cutting-edge proprietary technology solutions to meet their needs of financial digital transformation.

For more information, please visit http://ir.lexin.com.

To follow us on Twitter, please go to: https://twitter.com/LexinFintech.

Use of Non-GAAP Financial Measures Statement

In evaluating our business, we consider and use adjusted net income attributable to ordinary shareholders of the Company, non-GAAP EBIT, adjusted net income per ordinary share and per ADS attributable to ordinary shareholders of the Company, four non-GAAP measures, as supplemental measures to review and assess our operating performance. The presentation of the non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We define adjusted net income attributable to ordinary shareholders of the Company as net income attributable to ordinary shareholders of the Company excluding share-based compensation expenses, interest expense associated with convertible notes, and investment income/(loss) and we define non-GAAP EBIT as net income excluding income tax expense, share-based compensation expenses, interest expense, net, and investment income/(loss).

We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. Adjusted net income attributable to ordinary shareholders of the Company enables our management to assess our operating results without considering the impact of share-based compensation expenses, interest expense associated with convertible notes, and investment income/(loss). Non-GAAP EBIT, on the other hand, enables our management to assess our operating results without considering the impact of income tax expense, share-based compensation expenses, interest expense, net, and investment income/(loss). We also believe that the use of these non-GAAP financial measures facilitates investors’ assessment of our operating performance. These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP.

These non-GAAP financial measures have limitations as an analytical tool. One of the key limitations of using adjusted net income attributable to ordinary shareholders of the Company and non-GAAP EBIT is that they do not reflect all items of income and expense that affect our operations. Share-based compensation expenses, interest expense associated with convertible notes, income tax expense, interest expense, net, and investment income/(loss) have been and may continue to be incurred in our business and are not reflected in the presentation of adjusted net income attributable to ordinary shareholders of the Company and non-GAAP EBIT. Further, these non-GAAP financial measures may differ from the non-GAAP financial information used by other companies, including peer companies, and therefore their comparability may be limited.

We compensate for these limitations by reconciling each of the non-GAAP financial measures to the most directly comparable U.S. GAAP financial measure, which should be considered when evaluating our performance. We encourage you to review our financial information in its entirety and not rely on a single financial measure.

Exchange Rate Information Statement

This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.2567 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on March 31, 2025. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Lexin’s beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology such as “will,” “ expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the expectation of the collection efficiency and delinquency, business outlook and quotations from management in this announcement, contain forward-looking statements. Lexin may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Lexin’s goal and strategies; Lexin’s expansion plans; Lexin’s future business development, financial condition and results of operations; Lexin’s expectation regarding demand for, and market acceptance of, its credit and investment management products; Lexin’s expectations regarding keeping and strengthening its relationship with borrowers, institutional funding partners, merchandise suppliers and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Lexin’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Lexin does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

LexinFintech Holdings Ltd.
IR inquiries:
Will Tan
Tel: +86 (755) 3637-8888 ext. 6258
E-mail: willtan@lexin.com

Media inquiries:
Ruifeng Xu
Tel: +86 (755) 3637-8888 ext. 6993
E-mail: media@lexin.com

SOURCE LexinFintech Holdings Ltd.

LexinFintech Holdings Ltd. Unaudited Condensed Consolidated Balance Sheets
	As of
(In thousands)	December 31, 2024			March 31, 2025
	RMB			RMB			US$
ASSETS
Current Assets
Cash and cash equivalents		2,254,213			3,173,298			437,292
Restricted cash		1,638,479			1,545,269			212,944
Restricted term deposit and short-term investments		138,497			218,490			30,109
Short-term financing receivables, net⁽¹⁾		4,668,715			4,743,393			653,657
Short-term contract assets and receivables, net⁽¹⁾		5,448,057			5,009,319			690,303
Deposits to insurance companies and guarantee companies		2,355,343			2,203,109			303,597
Prepayments and other current assets		1,321,340			1,347,805			185,732
Amounts due from related parties		61,722			77,239			10,644
Inventories, net		22,345			19,341			2,665
Total Current Assets		17,908,711			18,337,263			2,526,943
Non-current Assets
Restricted cash		100,860			80,464			11,088
Long-term financing receivables, net⁽¹⁾		112,427			92,087			12,690
Long-term contract assets and receivables, net⁽¹⁾		317,402			350,993			48,368
Property, equipment and software, net		613,110			636,939			87,773
Land use rights, net		862,867			854,267			117,721
Long-term investments		284,197			244,193			33,651
Deferred tax assets		1,540,842			1,589,522			219,042
Other assets		500,363			433,738			59,772
Total Non-current Assets		4,332,068			4,282,203			590,105
TOTAL ASSETS		22,240,779			22,619,466			3,117,048

LIABILITIES
Current liabilities
Accounts payable		74,443			63,294			8,722
Amounts due to related parties		10,927			9,124			1,257
Short-term borrowings and current portion of long-term borrowings		690,772			781,324			107,669
Short-term funding debts		2,754,454			3,207,177			441,961
Deferred guarantee income		975,102			1,158,164			159,599
Contingent guarantee liabilities		1,079,000			769,397			106,026
Accruals and other current liabilities		4,019,676			3,909,239			538,708
Total Current Liabilities		9,604,374			9,897,719			1,363,942
Non-current Liabilities
Long-term borrowings		585,024			505,408			69,647
Long-term funding debts		1,197,211			891,390			122,837
Deferred tax liabilities		91,380			102,617			14,141
Other long-term liabilities		22,784			14,006			1,930
Total Non-current Liabilities		1,896,399			1,513,421			208,555
TOTAL LIABILITIES		11,500,773			11,411,140			1,572,497
Shareholders’ equity:
Class A Ordinary Shares		205			205			30
Class B Ordinary Shares		41			41			7
Treasury stock		(328,764	)		(305,025	)		(42,034	)
Additional paid-in capital		3,314,866			3,331,382			459,077
Statutory reserves		1,178,309			1,178,309			162,375
Accumulated other comprehensive income		(29,559	)		(31,818	)		(4,385	)
Retained earnings		6,604,908			7,035,232			969,481
Total shareholders’ equity		10,740,006			11,208,326			1,544,551
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		22,240,779			22,619,466			3,117,048

__________________________
(1) Short-term financing receivables, net of allowance for credit losses of RMB102,124 and RMB118,804 as of December 31, 2024 and March 31, 2025, respectively.

Short-term contract assets and receivables, net of allowance for credit losses of RMB409,590 and RMB287,845 as of December 31, 2024 and March 31, 2025, respectively.

Long-term financing receivables, net of allowance for credit losses of RMB1,820 and RMB1,471 as of December 31, 2024 and March 31, 2025, respectively.

Long-term contract assets and receivables, net of allowance for credit losses of RMB30,919 and RMB20,519 as of December 31, 2024 and March 31, 2025, respectively.

LexinFintech Holdings Ltd. Unaudited Condensed Consolidated Statements of Operations
	For the Three Months Ended March 31,
(In thousands, except for share and per share data)	2024			2025
	RMB			RMB			US$
Operating revenue:
Credit facilitation service income		2,648,478			2,190,866			301,910
Loan facilitation and servicing fees-credit oriented		1,417,248			1,136,229			156,577
Guarantee income		744,251			547,814			75,491
Financing income		486,979			506,823			69,842
Tech-empowerment service income		361,543			624,850			86,107
Installment e-commerce platform service income		231,909			288,383			39,740
Total operating revenue		3,241,930			3,104,099			427,757
Operating cost
Cost of sales		(235,747	)		(262,032	)		(36,109	)
Funding cost		(90,738	)		(83,004	)		(11,438	)
Processing and servicing cost		(587,731	)		(551,141	)		(75,949	)
Provision for financing receivables		(136,683	)		(182,149	)		(25,101	)
Provision for contract assets and receivables		(165,942	)		(129,685	)		(17,871	)
Provision for contingent guarantee liabilities		(828,377	)		(677,180	)		(93,318	)
Total operating cost		(2,045,218	)		(1,885,191	)		(259,786	)
Gross profit		1,196,712			1,218,908			167,971
Operating expenses:
Sales and marketing expenses		(417,617	)		(493,128	)		(67,955	)
Research and development expenses		(134,982	)		(155,626	)		(21,446	)
General and administrative expenses		(89,760	)		(100,753	)		(13,884	)
Total operating expenses		(642,359	)		(749,507	)		(103,285	)
Change in fair value of financial guarantee derivatives and loans at fair value		(315,923	)		74,639			10,286
Interest expense, net		(3,904	)		(4,702	)		(648	)
Investment income/(loss)		90			(11,699	)		(1,612	)
Others, net		20,425			3,832			528
Income before income tax expense		255,041			531,471			73,240
Income tax expense		(53,418	)		(101,147	)		(13,938	)
Net income		201,623			430,324			59,302
Net income attributable to ordinary shareholders of the Company		201,623			430,324			59,302

Net income per ordinary share attributable to ordinary shareholders of the Company
Basic		0.61			1.27			0.18
Diluted		0.60			1.20			0.16

Net income per ADS attributable to ordinary shareholders of the Company
Basic		1.22			2.55			0.35
Diluted		1.21			2.39			0.33

Weighted average ordinary shares outstanding
Basic		330,277,142			338,073,723			338,073,723
Diluted		333,650,104			359,646,902			359,646,902

LexinFintech Holdings Ltd. Unaudited Condensed Consolidated Statements of Comprehensive Income
	For the Three Months Ended March 31,
(In thousands)	2024		2025
	RMB		RMB			US$
Net income		201,623		430,324			59,302
Other comprehensive income
Foreign currency translation adjustment, net of nil tax		2,323		(2,259	)		(311	)
Total comprehensive income		203,946		428,065			58,991
Total comprehensive income attributable to ordinary shareholders of the Company		203,946		428,065			58,991

LexinFintech Holdings Ltd. Unaudited Reconciliations of GAAP and Non-GAAP Results
	For the Three Months Ended March 31,
(In thousands, except for share and per share data)	2024			2025
	RMB			RMB		US$
Reconciliation of Adjusted net income attributable to ordinary shareholders of the Company to Net income attributable to ordinary shareholders of the Company
Net income attributable to ordinary shareholders of the Company		201,623			430,324		59,302
Add: Share-based compensation expenses		23,274			29,541		4,071
Interest expense associated with convertible notes		5,322			–		–
Investment (income)/loss		(90	)		11,699		1,612
Adjusted net income attributable to ordinary shareholders of the Company		230,129			471,564		64,985

Adjusted net income per ordinary share attributable to ordinary shareholders of the Company
Basic		0.70			1.39		0.19
Diluted		0.68			1.31		0.18

Adjusted net income per ADS attributable to ordinary shareholders of the Company
Basic		1.39			2.79		0.38
Diluted		1.35			2.62		0.36

Weighted average shares used in calculating net income per ordinary share for non-GAAP EPS
Basic		330,277,142			338,073,723		338,073,723
Diluted		339,997,043			359,646,902		359,646,902

Reconciliations of Non-GAAP EBIT to Net income
Net income		201,623			430,324		59,302
Add: Income tax expense		53,418			101,147		13,938
Share-based compensation expenses		23,274			29,541		4,071
Interest expense, net		3,904			4,702		648
Investment (income)/loss		(90	)		11,699		1,612
Non-GAAP EBIT		282,129			577,413		79,571

Additional Credit Information

Vintage Charge Off Curve¹

Dpd30+/GMV by Performance Windows¹

First Payment Default 30+¹

1. Loans facilitated under ICP are excluded from the chart.

The MIL Network –

May 22, 2025

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

Source: GlobeNewswire (MIL-OSI)

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

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

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

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

About Trading 212

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

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

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

Other fees may apply.

The MIL Network –

May 22, 2025

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

Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

Forward-Looking Statements

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

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

Company Contact:

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

The MIL Network –

May 22, 2025

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

Source: GlobeNewswire (MIL-OSI)

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

Q4 Revenue up 10% year-over-year

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

FY25 Share Repurchases totaled $101 million

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

Q4 Financial Highlights¹

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

Fiscal Year Financial Highlights¹

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

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

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

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


	GAAP		Non-GAAP
	Q4 FY25	FY25	Q4 FY25	FY25
Subscription revenue	$145	$569	—	—
YoY change	9%	11%	—	—
Marketplace & Other revenue	$44	$177	—	—
YoY change	14%	21%	—	—
Total revenue	$189	$746	—	—
YoY change	10%	13%	—	—

Gross profit	$131	$530	$136	$550
% Gross margin	69%	71%	72%	74%
YoY change	(3 pts)	(2 pts)	(3 pts)	(1 pt)

Operating income (loss)	($12)	$5	$23	$136
% Operating margin	(6%)	1%	12%	18%
YoY change	2 pts	(1 pt)	3 pts	2 pts

Net earnings (loss)	($6)	($1)	$20	$115
Diluted earnings (loss) per share	($0.10)	($0.01)	$0.30	$1.70

Shares to calculate diluted EPS	66.0	66.1	67.5	67.5
YoY change	(1%)	(3%)	(1%)	(1%)

Net operating cash flow	$63	$154	—	—
Free cash flow	—	—	$62	$153

Totals may not sum due to rounding.

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

Additional Business Highlights & Metrics

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

Financial Outlook

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

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

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

For fiscal 2026, LiveRamp expects to report:

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

Conference Call

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

About LiveRamp

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

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

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

Forward-Looking Statements

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

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

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

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

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

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

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

For more information, contact:

LiveRamp Investor Relations
Investor.Relations@LiveRamp.com

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

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


LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Dollars in thousands, except per share amounts)

	For the three months ended March 31,
					$		%
	2025		2024		Variance		Variance

Revenues	188,724		171,852		16,872		9.8	%
Cost of revenue	57,929		47,722		10,207		21.4	%
Gross profit	130,795		124,130		6,665		5.4	%
% Gross margin	69.3	%	72.2	%

Operating expenses
Research and development	45,926		45,161		765		1.7	%
Sales and marketing	56,961		60,476		(3,515	)	(5.8	)%
General and administrative	32,175		30,252		1,923		6.4	%
Gains, losses and other items, net	7,241		2,516		4,725		187.8	%
Total operating expenses	142,303		138,405		3,898		2.8	%

Loss from operations	(11,508	)	(14,275	)	2,767		19.4	%
% Margin	(6.1	)%	(8.3	)%

Total other income, net	4,762		5,070		(308	)	(6.1	)%
Loss from continuing operations before income taxes	(6,746	)	(9,205	)	2,459		26.7	%
Income tax benefit	(479	)	(3,027	)	2,548		84.2	%
Net earnings from continuing operations	(6,267	)	(6,178	)	(89	)	(1.4	)%

Earnings from discontinued operations, net of tax	–		805		(805	)	(100.0	)%

Net loss	(6,267	)	(5,373	)	(894	)	(16.6	)%

Basic loss per share:
Continuing operations	(0.10	)	(0.09	)	(0.00	)	(2.0	)%
Discontinued operations	0.00		0.01		(0.01	)	(100.0	)%
Basic loss per share	(0.10	)	(0.08	)	(0.01	)	(17.3	)%

Diluted loss per share:
Continuing operations	(0.10	)	(0.09	)	(0.00	)	(2.0	)%
Discontinued operations	0.00		0.01		(0.01	)	(100.0	)%
Diluted loss per share	(0.10	)	(0.08	)	(0.01	)	(17.3	)%

Basic weighted average shares	65,957		66,323
Diluted weighted average shares	65,957		66,323

Some totals may not sum due to rounding.

LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Dollars in thousands, except per share amounts)

	For the twelve months ended March 31,
					$		%
	2025		2024		Variance		Variance

Revenues	745,580		659,661		85,919		13.0	%
Cost of revenue	215,910		179,489		36,421		20.3	%
Gross profit	529,670		480,172		49,498		10.3	%
% Gross margin	71.0	%	72.8	%

Operating expenses
Research and development	176,668		151,201		25,467		16.8	%
Sales and marketing	213,106		195,693		17,413		8.9	%
General and administrative	126,499		110,166		16,333		14.8	%
Gains, losses and other items, net	7,993		11,708		(3,715	)	(31.7	)%
Total operating expenses	524,266		468,768		55,498		11.8	%

Income from operations	5,404		11,404		(6,000	)	(52.6	)%
% Margin	0.7	%	1.7	%

Total other income, net	17,436		22,957		(5,521	)	(24.0	)%
Income from continuing operations before income taxes	22,840		34,361		(11,521	)	(33.5	)%
Income tax expense	25,342		24,270		1,072		4.4	%
Net earnings (loss) from continuing operations	(2,502	)	10,091		(12,593	)	(124.8	)%

Earnings from discontinued operations, net of tax	1,688		1,790		(102	)	(5.7	)%

Net earnings (loss)	(814	)	11,881		(12,695	)	(106.9	)%

Basic earnings (loss) per share:
Continuing operations	(0.04	)	0.15		(0.19	)	(124.8	)%
Discontinued operations	0.03		0.03		(0.00	)	(5.5	)%
Basic earnings (loss) per share	(0.01	)	0.18		(0.19	)	(106.9	)%

Diluted earnings (loss) per share:
Continuing operations	(0.04	)	0.15		(0.19	)	(125.5	)%
Discontinued operations	0.03		0.03		(0.00	)	(3.1	)%
Diluted earnings (loss) per share	(0.01	)	0.17		(0.19	)	(107.0	)%

Basic weighted average shares	66,126		66,266
Diluted weighted average shares	66,126		67,918

Some totals may not sum due to rounding.

LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP EPS (1)
(Unaudited)
(Dollars in thousands, except per share amounts)

	For the three months ended March 31,				For the twelve months ended March 31,
	2025		2024		2025		2024

Income (loss) from continuing operations before income taxes	(6,746	)	(9,205	)	22,840		34,361
Income tax expense (benefit)	(479	)	(3,027	)	25,342		24,270
Net earnings from continuing operations	(6,267	)	(6,178	)	(2,502	)	10,091
Earnings from discontinued operations, net of tax	–		805		1,688		1,790
Net earnings (loss)	(6,267	)	(5,373	)	(814	)	11,881

Basic earnings (loss) per share	(0.10	)	(0.08	)	(0.01	)	0.18
Diluted earnings (loss) per share	(0.10	)	(0.08	)	(0.01	)	0.17

Excluded items:
Purchased intangible asset amortization (cost of revenue)	3,135		3,097		14,415		8,785
Non-cash stock compensation (cost of revenue and operating expenses)	24,166		24,780		107,979		71,304
Restructuring and merger charges (gains, losses, and other)	7,241		2,516		7,993		11,708
Transformation costs (general and administrative)	—		—		—		1,875
Total excluded items from continuing operations	34,542		30,393		130,387		93,672

Income from continuing operations before income taxes and excluding items	27,796		21,188		153,227		128,033
Income tax expense (2)	7,759		3,947		38,296		29,882
Non-GAAP net earnings (loss) from continuing operations	20,037		17,241		114,931		98,151

Non-GAAP earnings per share from continuing operations
Basic	0.30		0.26		1.74		1.48
Diluted	0.30		0.25		1.70		1.45

Basic weighted average shares	65,957		66,323		66,126		66,266
Diluted weighted average shares	67,479		68,471		67,499		67,918

(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.

(2) Non-GAAP income taxes were calculated by applying the estimated annual effective tax rate to year-to-date pretax income or loss and adjusting for discrete tax items in the period. The differences between our GAAP and non-GAAP effective tax rates were primarily due to the net tax effects of the excluded items, coupled with the valuation allowance and smaller pre-tax income for GAAP purposes.

LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP INCOME FROM OPERATIONS (1)
(Unaudited)
(Dollars in thousands)

	For the three months ended March 31,				For the twelve months ended March 31,
	2025		2024		2025		2024

Income (loss) from operations	(11,508	)	(14,275	)	5,404		11,404
Operating income (loss) margin	(6.1	)%	(8.3	)%	0.7	%	1.7	%

Excluded items:
Purchased intangible asset amortization (cost of revenue)	3,135		3,097		14,415		8,785
Non-cash stock compensation (cost of revenue and operating expenses)	24,166		24,780		107,979		71,304
Restructuring and merger charges (gains, losses, and other)	7,241		2,516		7,993		11,708
Transformation costs (general and administrative)	–		–		–		1,875
Total excluded items	34,542		30,393		130,387		93,672

Income from operations before excluded items	23,034		16,118		135,791		105,076
Non-GAAP operating income margin	12.2	%	9.4	%	18.2	%	15.9	%

(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.

LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
RECONCILIATION OF ADJUSTED EBITDA (1)
(Unaudited)
(Dollars in thousands)

	For the three months ended March 31,				For the twelve months ended March 31,
	2024		2023		2024		2023

Net earnings (loss) from continuing operations	(6,267	)	(6,178	)	(2,502	)	10,091
Income tax expense (benefit)	(479	)	(3,027	)	25,342		24,270
Total other expense, net	(4,762	)	(5,070	)	(17,436	)	(22,957	)

Income (loss) from operations	(11,508	)	(14,275	)	5,404		11,404
Depreciation and amortization	3,803		3,823		17,207		11,508

EBITDA	(7,705	)	(10,452	)	22,611		22,912

Other adjustments:
Non-cash stock compensation (cost of revenue and operating expenses)	24,166		24,780		107,979		71,304
Restructuring and merger charges (gains, losses, and other)	7,241		2,516		7,993		11,708
Transformation costs (general and administrative)	–		–		–		1,875

Other adjustments	31,407		27,296		115,972		84,887

Adjusted EBITDA	23,702		16,844		138,583		107,799

(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.

LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)

	March 31		March 31		$		%
	2025		2024		Variance		Variance
Assets
Current assets:
Cash and cash equivalents	413,331		336,867		76,464		22.7	%
Restricted cash	595		2,604		(2,009	)	(77.2	)%
Short-term investments	7,500		32,045		(24,545	)	(76.6	)%
Trade accounts receivable, net	186,169		190,313		(4,144	)	(2.2	)%
Refundable income taxes, net	9,708		8,521		1,187		13.9	%
Other current assets	38,886		31,682		7,204		22.7	%
Total current assets	656,189		602,032		54,157		9.0	%

Property and equipment	23,813		25,394		(1,581	)	(6.2	)%
Less – accumulated depreciation and amortization	17,629		17,213		416		2.4	%
Property and equipment, net	6,184		8,181		(1,997	)	(24.4	)%

Intangible assets, net	20,167		34,583		(14,416	)	(41.7	)%
Goodwill	501,756		501,756		–		–	%
Deferred commissions, net	44,452		48,143		(3,691	)	(7.7	)%
Other assets, net	30,623		36,748		(6,125	)	(16.7	)%
	1,259,371		1,231,443		27,928		2.3	%

Liabilities and Stockholders’ Equity
Current liabilities:
Trade accounts payable	112,271		81,202		31,069		38.3	%
Accrued payroll and related expenses	50,776		61,575		(10,799	)	(17.5	)%
Other accrued expenses	38,586		42,857		(4,271	)	(10.0	)%
Deferred revenue	45,885		30,942		14,943		48.3	%
Total current liabilities	247,518		216,576		30,942		14.3	%

Other liabilities	62,994		65,732		(2,738	)	(4.2	)%

Stockholders’ equity:
Preferred stock	–		–		–		n/a
Common stock	15,918		15,594		324		2.1	%
Additional paid-in capital	2,045,316		1,933,776		111,540		5.8	%
Retained earnings	1,313,358		1,314,172		(814	)	(0.1	)%
Accumulated other comprehensive income	4,295		3,964		331		8.4	%
Treasury stock, at cost	(2,430,028	)	(2,318,371	)	(111,657	)	4.8	%
Total stockholders’ equity	948,859		949,135		(276	)	(0.0	)%
	1,259,371		1,231,443		27,928		2.3	%


LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(Dollars in thousands)
	For the three months ended March 31,
	2025		2024
Cash flows from operating activities:
Net loss	(6,267	)	(5,373	)
Earnings from discontinued operations, net of tax	—		(805	)
Non-cash operating activities:
Depreciation and amortization	3,803		3,823
Loss on disposal or impairment of assets	44		6
Lease-related impairment and restructuring charges	(28	)	(546	)
Gain on sale of strategic investments	(515	)	—
Loss on marketable equity securities	206		—
Provision for doubtful accounts	(453	)	1,947
Deferred income taxes	(496	)	(498	)
Non-cash stock compensation expense	24,166		24,780
Changes in operating assets and liabilities:
Accounts receivable, net	25,187		8,700
Deferred commissions	46		(3,971	)
Other assets	4,703		8,514
Accounts payable and other liabilities	11,738		(246	)
Income taxes	(523	)	(7,285	)
Deferred revenue	969		(1,403	)
Net cash provided by operating activities	62,580		27,643
Cash flows from investing activities:
Capital expenditures	(293	)	(1,791	)
Cash paid in acquisitions, net of cash received	—		(170,281	)
Purchases of investments	—		(24,509	)
Proceeds from sales of investments	—		25,000
Proceeds from sale of strategic investment	763		—
Net cash provided by (used in) investing activities	470		(171,581	)
Cash flows from financing activities:
Proceeds related to the issuance of common stock under stock and employee benefit plans	202		1
Shares repurchased for tax withholdings upon vesting of stock-based awards	(1,026	)	(719	)
Acquisition of treasury stock	(25,447	)	(15,177	)
Net cash used in financing activities	(26,271	)	(15,895	)
Net cash provided by (used in) continuing operations	36,779		(159,833	)
Cash flows from discontinued operations:
From operating activities	(798	)	805
Net cash provided by (used in) discontinued operations	(798	)	805
Net cash provided by (used in) continuing and discontinued operations	35,981		(159,028	)
Effect of exchange rate changes on cash	580		(447	)

Net change in cash, cash equivalents and restricted cash	36,561		(159,475	)
Cash, cash equivalents and restricted cash at beginning of period	377,365		498,946
Cash, cash equivalents and restricted cash at end of period	413,926		339,471

Supplemental cash flow information:
Cash paid for income taxes, net from continuing operations	558		4,905
Cash received for income taxes, net from discontinued operations	—		(1,258	)
Cash paid for operating lease liabilities	2,426		2,594


Operating lease assets obtained in exchange for operating lease liabilities	—		148
Operating lease assets, and related lease liabilities, relinquished in lease terminations	(40	)	—
Purchases of property, plant and equipment remaining unpaid at period end	20		104
Marketable equity securities obtained in disposition of strategic investment	652		—
Excise tax payable on net stock repurchases	64		—


LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(Dollars in thousands)
	For the twelve months ended March 31,
	2025		2024
Cash flows from operating activities:
Net earnings (loss)	(814	)	11,881
Earnings from discontinued operations, net of tax	(1,688	)	(1,790	)
Non-cash operating activities:
Depreciation and amortization	17,207		11,508
Loss on disposal or impairment of assets	85		1,219
Lease-related impairment and restructuring charges	14		1,769
Gain on sale of strategic investments	(515	)	—
Loss on marketable equity securities	206		—
Provision for doubtful accounts	695		2,254
Impairment of goodwill	—		2,875
Deferred income taxes	(447	)	(458	)
Non-cash stock compensation expense	107,979		71,304
Changes in operating assets and liabilities:
Accounts receivable, net	3,547		(32,336	)
Deferred commissions	3,691		(11,113	)
Other assets	2,105		9,426
Accounts payable and other liabilities	3,573		8,508
Income taxes	3,430		22,275
Deferred revenue	14,897		8,334
Net cash provided by operating activities	153,965		105,656
Cash flows from investing activities:
Capital expenditures	(1,042	)	(4,255	)
Cash paid in acquisitions, net of cash received	(1,951	)	(170,281	)
Purchases of investments	(1,967	)	(48,894	)
Proceeds from sales of investments	26,989		50,750
Proceeds from sale of strategic investment	763		—
Purchases of strategic investments	(1,400	)	(1,000	)
Net cash provided by (used in) investing activities	21,392		(173,680	)
Cash flows from financing activities:
Proceeds related to the issuance of common stock under stock and employee benefit plans	8,833		7,222
Shares repurchased for tax withholdings upon vesting of stock-based awards	(10,331	)	(5,835	)
Acquisition of treasury stock	(101,198	)	(60,502	)
Net cash used in financing activities	(102,696	)	(59,115	)
Net cash provided by (used in) continuing operations	72,661		(127,139	)
Cash flows from discontinued operations:
From operating activities	1,688		1,790
Net cash provided by discontinued operations	1,688		1,790
Net cash provided by (used in) continuing and discontinued operations	74,349		(125,349	)
Effect of exchange rate changes on cash	106		372

Net change in cash, cash equivalents and restricted cash	74,455		(124,977	)
Cash, cash equivalents and restricted cash at beginning of period	339,471		464,448
Cash, cash equivalents and restricted cash at end of period	413,926		339,471

Supplemental cash flow information:
Cash paid for income taxes, net from continuing operations	22,548		2,465
Cash received for income taxes, net from discontinued operations	(2,486	)	(2,765	)
Cash received for tenant improvement allowances	(2,628	)	—
Cash paid for operating lease liabilities	9,798		10,293


Operating lease assets obtained in exchange for operating lease liabilities	2,327		11,825
Operating lease assets, and related lease liabilities, relinquished in lease terminations	(595	)	(4,486	)
Purchases of property, plant and equipment remaining unpaid at period end	20		104
Marketable equity securities obtained in disposition of strategic investment	652		—
Excise tax payable on net stock repurchases	128		—

LIVERAMP HOLDINGS, INC AND SUBSIDIARIES
CALCULATION OF FREE CASH FLOW (1)
(Unaudited)
(Dollars in thousands)

	6/30/2023			9/30/2023			12/31/2023			3/31/2024			FY2024			6/30/2024			9/30/2024			12/31/2024			3/31/2025			FY2025

Net cash provided by (used in) operating activities	$	25,693		$	35,764		$	16,556		$	27,643		$	105,656		$	(9,328	)	$	55,596		$	45,117		$	62,580		$	153,965

Less:
Capital expenditures		(53	)		(200	)		(2,211	)		(1,791	)		(4,255	)		(226	)		(241	)		(282	)		(293	)		(1,042	)

Free Cash Flow	$	25,640		$	35,564		$	14,345		$	25,852		$	101,401		$	(9,554	)	$	55,355		$	44,835		$	62,287		$	152,923


(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.

LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Dollars in thousands, except per share amounts)
																															Yr-to-Yr
	FY2024															FY2025															FY2025 to FY2024
	6/30/2023			9/30/2023			12/31/2023			3/31/2024			FY2024			6/30/2024			9/30/2024			12/31/2024			3/31/2025			FY2025			%		$

Revenues		154,069			159,871			173,869			171,852			659,661			175,961			185,483			195,412			188,724			745,580		13.0	%	85,919
Cost of revenue		45,621			41,212			44,934			47,722			179,489			51,749			51,234			54,998			57,929			215,910		20.3	%	36,421
Gross profit		108,448			118,659			128,935			124,130			480,172			124,212			134,249			140,414			130,795			529,670		10.3	%	49,498
% Gross margin		70.4	%		74.2	%		74.2	%		72.2	%		72.8	%		70.6	%		72.4	%		71.9	%		69.3	%		71.0	%

Operating expenses
Research and development		34,519			33,733			37,788			45,161			151,201			44,118			43,889			42,735			45,926			176,668		16.8	%	25,467
Sales and marketing		44,879			44,135			46,203			60,476			195,693			54,175			51,107			50,863			56,961			213,106		8.9	%	17,413
General and administrative		26,664			26,009			27,241			30,252			110,166			30,961			31,369			31,994			32,175			126,499		14.8	%	16,333
Gains, losses and other items, net		116			6,574			2,502			2,516			11,708			206			397			149			7,241			7,993		(31.7	)%	(3,715	)
Total operating expenses		106,178			110,451			113,734			138,405			468,768			129,460			126,762			125,741			142,303			524,266		11.8	%	55,498

Income (loss) from operations		2,270			8,208			15,201			(14,275	)		11,404			(5,248	)		7,487			14,673			(11,508	)		5,404		(52.6	)%	(6,000	)
% Margin		5.0	%		24.3	%		40.2	%		(31.6	)%		1.7	%		(3.0	)%		4.0	%		7.5	%		(6.1	)%		0.7	%

Total other income, net		4,849			6,431			6,607			5,070			22,957			4,444			4,197			4,033			4,762			17,436		(24.0	)%	(5,521	)

Income (loss) from continuing operations before income taxes		7,119			14,639			21,808			(9,205	)		34,361			(804	)		11,684			18,706			(6,746	)		22,840		(33.5	)%	(11,521	)
Income tax expense (benefit)		8,705			10,163			8,429			(3,027	)		24,270			6,685			9,952			9,184			(479	)		25,342		4.4	%	1,072
Net earnings (loss) from continuing operations		(1,586	)		4,476			13,379			(6,178	)		10,091			(7,489	)		1,732			9,522			(6,267	)		(2,502	)	(124.8	)%	(12,593	)

Earnings from discontinued operations, net of tax		–			387			598			805			1,790			–			–			1,688			–			1,688		(5.7	)%	(102	)

Net earnings (loss)	$	(1,586	)	$	4,863		$	13,977		$	(5,373	)	$	11,881		$	(7,489	)	$	1,732		$	11,210		$	(6,267	)	$	(814	)	(106.9	)%	(12,695	)

Basic earnings (loss) per share:
Continuing Operations		(0.02	)		0.07			0.20			(0.09	)		0.15			(0.11	)		0.03			0.15			(0.10	)		(0.04	)	(124.8	)%	(0.19	)
Discontinued Operations		0.00			0.01			0.01			0.01			0.03			0.00			0.00			0.03			0.00			0.03		(5.5	)%	(0.00	)
Basic earnings (loss) per share		(0.02	)		0.07			0.21			(0.08	)		0.18			(0.11	)		0.03			0.17			(0.10	)		(0.01	)	(106.9	)%	(0.19	)

Diluted earnings (loss) per share:
Continuing Operations		(0.02	)		0.07			0.20			(0.09	)		0.15			(0.11	)		0.03			0.14			(0.10	)		(0.04	)	(125.5	)%	(0.19	)
Discontinued Operations		0.00			0.01			0.01			0.01			0.03			0.00			0.00			0.03			0.00			0.03		(3.1	)%	(0.00	)
Diluted earnings (loss) per share		(0.02	)		0.07			0.21			(0.08	)		0.17			(0.11	)		0.03			0.17			(0.10	)		(0.01	)	(107.0	)%	(0.19	)


Basic weighted average shares		66,497			66,284			65,961			66,323			66,266			66,621			66,294			65,631			65,957			66,126
Diluted weighted average shares		66,497			67,868			67,943			66,323			67,918			66,621			67,309			66,743			65,957			66,126

Some earnings (loss) per share amounts may not add due to rounding.

LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP EXPENSES (1)
(Unaudited)
(Dollars in thousands)
	FY2024										FY2025
	6/30/2023		9/30/2023		12/31/2023		3/31/2024		FY2024		6/30/2024		9/30/2024		12/31/2024		3/31/2025		FY2025
Expenses:
Cost of revenue	45,621		41,212		44,934		47,722		179,489		51,749		51,234		54,998		57,929		215,910
Research and development	34,519		33,733		37,788		45,161		151,201		44,118		43,889		42,735		45,926		176,668
Sales and marketing	44,879		44,135		46,203		60,476		195,693		54,175		51,107		50,863		56,961		213,106
General and administrative	26,664		26,009		27,241		30,252		110,166		30,961		31,369		31,994		32,175		126,499
Gains, losses and other items, net	116		6,574		2,502		2,516		11,708		206		397		149		7,241		7,993

Gross profit, continuing operations:	108,448		118,659		128,935		124,130		480,172		124,212		134,249		140,414		130,795		529,670
% Gross margin	70.4	%	74.2	%	74.2	%	72.2	%	72.8	%	70.6	%	72.4	%	71.9	%	69.3	%	71.0	%

Excluded items:
Purchased intangible asset amortization (cost of revenue)	3,290		1,217		1,181		3,097		8,785		3,846		3,748		3,686		3,135		14,415
Non-cash stock compensation (cost of revenue)	629		629		817		1,478		3,553		1,596		1,499		1,455		1,615		6,165
Non-cash stock compensation (research and development)	5,077		5,293		6,960		9,859		27,189		10,205		10,920		10,085		10,494		41,704
Non-cash stock compensation (sales and marketing)	3,736		4,786		4,089		6,337		18,948		7,093		7,383		7,278		5,716		27,470
Non-cash stock compensation (general and administrative)	3,850		5,027		5,631		7,106		21,614		9,091		9,266		7,942		6,341		32,640
Restructuring charges (gains, losses, and other)	116		6,574		2,502		2,516		11,708		206		397		149		7,241		7,993
Transformation costs (general and administrative)	1,875		—		—		—		1,875		—				—		—		—
Total excluded items	18,573		23,526		21,180		30,393		93,672		32,037		33,213		30,595		34,542		130,387

Expenses, excluding items:
Cost of revenue	41,702		39,366		42,936		43,147		167,151		46,307		45,987		49,857		53,179		195,330
Research and development	29,442		28,440		30,828		35,302		124,012		33,913		32,969		32,650		35,432		134,964
Sales and marketing	41,143		39,349		42,114		54,139		176,745		47,082		43,724		43,585		51,245		185,636
General and administrative	20,939		20,982		21,610		23,146		86,677		21,870		22,103		24,052		25,834		93,859

Gross profit, excluding items:	112,367		120,505		130,933		128,705		492,510		129,654		139,496		145,555		135,545		550,250
% Gross margin	72.9	%	75.4	%	75.3	%	74.9	%	74.7	%	73.7	%	75.2	%	74.5	%	71.8	%	73.8	%

(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.

LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP EPS (1)
(Unaudited)
(Dollars in thousands, except per share amounts)
	FY2024							FY2025
	6/30/2023		9/30/2023	12/31/2023	3/31/2024		FY2024	6/30/2024		9/30/2024	12/31/2024	3/31/2025		FY2025

Income (loss) from continuing operations before income taxes	7,119		14,639	21,808	(9,205	)	34,361	(804	)	11,684	18,706	(6,746	)	22,840
Income tax expense (benefit)	8,705		10,163	8,429	(3,027	)	24,270	6,685		9,952	9,184	(479	)	25,342
Net earnings (loss) from continuing operations	(1,586	)	4,476	13,379	(6,178	)	10,091	(7,489	)	1,732	9,522	(6,267	)	(2,502	)

Earnings from discontinued operations, net of tax	–		387	598	805		1,790	–		–	1,688	–		1,688

Net earnings (loss)	(1,586	)	4,863	13,977	(5,373	)	11,881	(7,489	)	1,732	11,210	(6,267	)	(814	)

Earnings (loss) per share:
Basic	(0.02	)	0.07	0.21	(0.08	)	0.18	(0.11	)	0.03	0.17	(0.10	)	(0.01	)
Diluted	(0.02	)	0.07	0.21	(0.08	)	0.17	(0.11	)	0.03	0.17	(0.10	)	(0.01	)

Excluded items:
Purchased intangible asset amortization (cost of revenue)	3,290		1,217	1,181	3,097		8,785	3,846		3,748	3,686	3,135		14,415
Non-cash stock compensation (cost of revenue and operating expenses)	13,292		15,735	17,497	24,780		71,304	27,985		29,068	26,760	24,166		107,979
Restructuring and merger charges (gains, losses, and other)	116		6,574	2,502	2,516		11,708	206		397	149	7,241		7,993
Transformation costs (general and administrative)	1,875		–	–	–		1,875	–		–	–	–		–
Total excluded items from continuing operations	18,573		23,526	21,180	30,393		93,672	32,037		33,213	30,595	34,542		130,387

Income from continuing operations before income taxes and excluding items	25,692		38,165	42,988	21,188		128,033	31,233		44,897	49,301	27,796		153,227
Income tax expense (2)	6,167		9,036	10,732	3,947		29,882	7,371		10,745	12,421	7,759		38,296
Non-GAAP net earnings from continuing operations	19,525		29,129	32,256	17,241		98,151	23,862		34,152	36,880	20,037		114,931

Non-GAAP earnings per share from continuing operations
Basic	0.29		0.44	0.49	0.26		1.48	0.36		0.52	0.56	0.30		1.74
Diluted	0.29		0.43	0.47	0.25		1.45	0.35		0.51	0.55	0.30		1.70

Basic weighted average shares	66,497		66,284	65,961	66,323		66,266	66,621		66,294	65,631	65,957		66,126
Diluted weighted average shares	67,388		67,868	67,943	68,471		67,918	68,463		67,309	66,743	67,479		67,499

Some totals may not add due to rounding

(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.

LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP OPERATING INCOME GUIDANCE (1)
(Unaudited)
(Dollars in thousands)
	For the		For the
	quarter ending		year ending
	June 30, 2025		March 31, 2026

			Low		High

GAAP income from operations	$	6,000	$	85,000	$	89,000

Excluded items:
Purchased intangible asset amortization		3,000		11,000		11,000
Non-cash stock compensation		24,000		82,000		82,000
Total excluded items		27,000		93,000		93,000

Non-GAAP income from operations	$	33,000	$	178,000	$	182,000


(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.

APPENDIX A

LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES

Q4 FISCAL 2025 FINANCIAL RESULTS

EXPLANATION OF NON-GAAP MEASURES AND OTHER KEY METRICS

To supplement our financial results, we use non-GAAP measures which exclude certain acquisition related expenses, non-cash stock compensation and restructuring charges. We believe these measures are helpful in understanding our past performance and our future results. Our non-GAAP financial measures and schedules are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated GAAP financial statements. Our management regularly uses these non-GAAP financial measures internally to understand, manage and evaluate our business and to make operating decisions. These measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is also based in part on the performance of our business based on these non-GAAP measures.

Our non-GAAP financial measures, including non-GAAP earnings (loss) per share, non-GAAP income (loss) from operations, non-GAAP operating income (loss) margin, non-GAAP expenses and adjusted EBITDA reflect adjustments based on the following items, as well as the related income tax effects when applicable:

Purchased intangible asset amortization: We incur amortization of purchased intangibles in connection with our acquisitions. Purchased intangibles include (i) developed technology, (ii) customer and publisher relationships, and (iii) trade names. We expect to amortize for accounting purposes the fair value of the purchased intangibles based on the pattern in which the economic benefits of the intangible assets will be consumed as revenue is generated. Although the intangible assets generate revenue for us, we exclude this item because this expense is non-cash in nature and because we believe the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding our operational performance.

Non-cash stock compensation: Non-cash stock compensation consists of charges for employee restricted stock units, performance shares and stock options in accordance with current GAAP related to stock-based compensation including expense associated with stock-based compensation related to unvested options assumed in connection with our acquisitions. As we apply stock-based compensation standards, we believe that it is useful to investors to understand the impact of the application of these standards to our operational performance. Although stock-based compensation expense is calculated in accordance with current GAAP and constitutes an ongoing and recurring expense, such expense is excluded from non-GAAP results because it is not an expense that typically requires or will require cash settlement by us and because such expense is not used by us to assess the core profitability of our business operations.

Restructuring charges: During the past several years, we have initiated certain restructuring activities in order to align our costs in connection with both our operating plans and our business strategies based on then-current economic conditions. As a result, we recognized costs related to termination benefits for employees whose positions were eliminated, lease and other contract termination charges, and asset impairments. These items, as well as third party expenses associated with business acquisitions in the prior years, reported as gains, losses, and other items, net, are excluded from non-GAAP results because such amounts are not used by us to assess the core profitability of our business operations.

Transformation costs: In previous years, we incurred significant expenses to separate the financial statements of our operating segments, with particular focus on segment-level balance sheets, and to evaluate portfolio priorities. Our criteria for excluding transformation expenses from our non-GAAP measures is as follows: 1) projects are discrete in nature; 2) excluded expenses consist only of third-party consulting fees that we would not incur otherwise; and 3) we do not exclude employee related expenses or other costs associated with the ongoing operations of our business. We substantially completed those projects during the third quarter of fiscal year 2018. Beginning in the fourth quarter of fiscal 2018, and through most of fiscal 2019, we incurred transaction support expenses and system separation costs related to the Company’s announced evaluation of strategic options for its Marketing Solutions (AMS) business. In the first and second quarters of fiscal 2021 in response to the potential COVID-19 pandemic impact on our business and again during fiscal 2023 in response to macroeconomic conditions, we incurred significant costs associated with the assessment of strategic and operating plans, including our long-term location strategy, and assistance in implementing the restructuring activities as a result of this assessment. Our criteria for excluding these costs are the same. We believe excluding these items from our non-GAAP financial measures is useful for investors and provides meaningful supplemental information.

Our non-GAAP financial schedules are:

Non-GAAP EPS, Non-GAAP Income from Operations, and Non-GAAP expenses: Our Non-GAAP earnings per share, Non-GAAP income from operations, Non-GAAP operating income margin, and Non-GAAP expenses reflect adjustments as described above, as well as the related tax effects where applicable.

Adjusted EBITDA: Adjusted EBITDA is defined as net income from continuing operations before income taxes, other income and expenses, depreciation and amortization, and including adjustments as described above. We use Adjusted EBITDA to measure our performance from period to period both at the consolidated level as well as within our operating segments and to compare our results to those of our competitors. We believe that the inclusion of Adjusted EBITDA provides useful supplementary information to and facilitates analysis by investors in evaluating the Company’s performance and trends. The presentation of Adjusted EBITDA is not meant to be considered in isolation or as an alternative to net earnings as an indicator of our performance.

Free Cash Flow: To supplement our statement of cash flows, we use a non-GAAP measure of cash flow to analyze cash flows generated from operations. Free cash flow is defined as operating cash flow less capital expenditures. Management believes that this measure of cash flow is meaningful since it represents the amount of money available from continuing operations for the Company’s discretionary spending. The presentation of non-GAAP free cash flow is not meant to be considered in isolation or as an alternative to cash flows from operating activities as a measure of liquidity.

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

The MIL Network –

May 22, 2025

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

Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

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


1)	Secured Additional Term Debt Funding Obtained $3.3 million in additional advances pursuant to the term debt financing agreement executed in July 2024. This strategic funding enhances liquidity and supports the Corporation’s ongoing development and optimization programs.

2)	Acquisition of White Tundra Petroleum On March 6, 2025, the Corporation entered into an agreement to acquire 100% of the issued and outstanding common shares of White Tundra Petroleum (“WTP”), whose assets are located near Loyalist and Hanna, Alberta. This related party transaction—due to the Corporation’s Executive Chairman also serving as WTP’s CEO and a shareholder—includes consideration of 18,000,000 Prospera common shares, contingent upon WTP achieving 85 boe/d for three consecutive days, and the assumption of $645,000 in debt. An additional 7,312,500 performance-based shares may be issued if production reaches 128 boe/d for seven consecutive days within six months of closing. The transaction, subject to TSXV approval, is expected to close on June 1, 2025.

3)	Convertible Debt Settlement On March 6, 2025, the Corporation reached a settlement agreement with the holders of $1,500,000 in convertible debt maturing on March 26, 2025. The agreement includes:
	Refinancing the principal into a 12-month, $1,500,000 promissory note bearing 12% interest, with $250,000 monthly repayments beginning six months post-issuance. Interest will be paid as a balloon payment at the end of the term. $200,000 of the total $559,375 accrued interest payable on the convertible debentures will be settled through the issuance of a 12-month convertible note bearing 12% interest, convertible into common shares of the Corporation at $0.05 per share. The Corporation retains the right to settle the convertible note in cash by providing thirty days notice, during which time the holder retains the right to convert. the remaining $359,375 of accrued interest payable will be settled through the issuance of 8,984,371 common shares of the Corporation at a deemed price of $0.04 per share, subject to TSXV acceptance.
4)	Corporate Workforce Optimization Prospera completed a workforce optimization initiative that streamlined corporate decision-making and improved operational efficiency. This resulted in reductions in staffing, office, software, parking, and other G&A-related costs.

Operational highlights for Q1 2025 are as follows:

PEI realized average net sales of 660 boe/d in Q1 2025, an increase of 3% from Q1 2024 net sales of 640 boe/d; an increase of 6% from Q4 2024 net sales of 625 boe/d .
Sales revenue was $4,598,472 ($77.33/boe) in Q1 2025 compared to $3,932,190 ($67.44/boe) in Q1 2024, representing a 17% increase.

Operating costs per boe increased 54% in Q1 2025 at $59.46 per boe compared $38.69 per boe in Q1 2024. Costs were higher due to multiple unplanned electricity outages, one-time infrastructure and road upgrades, bringing field equipment to baseline operating conditions followed by enhanced maintenance programs, health and safety upgrades, and additional costs associated with extreme cold weather experienced during the quarter.
PEI earned an operating netback of $627,266 ($10.55/boe) in Q1 2025 compared to $1,608,373 ($27.56/boe) in Q1 2024; $153,901 ($2.68/boe) in Q4 2024.

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

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

For Further Information:

Shawn Mehler, PR
Email: investors@prosperaenergy.com

Chris Ludtke, CFO
Email: cludtke@prosperaenergy.com

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

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

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

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

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

The MIL Network –

May 22, 2025

MIL-OSI: Solar Alliance announces major stride towards profitability and files audited financial results

Source: GlobeNewswire (MIL-OSI)

TORONTO and KNOXVILLE, Tenn., May 21, 2025 (GLOBE NEWSWIRE) — Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR, OTC: SAENF), a leading solar energy solutions provider focused on the commercial and utility solar sectors, has filed its audited financial results for the quarter and year ended December 31, 2024 (the “Financial Statements”) and related Management’s Discussion and Analysis (“MD&A”). The Financial Statements and related MD&A are available under the Company’s profile.at www.sedarplus.ca

While Revenues in 2024 fell, from the record level of 2023, gross profits improved, and losses fell substantially as the Company approached breakeven.

“Solar Alliance continues to see strong interest in renewable energy and strong demand for commercial solar projects. In recent years, the Company has honed its skill and laid down a track record in delivering C&I (commercial and industrial) and smaller utility projects. In the course of 2024, Solar Alliance completed 3MW from multiple smaller 100kW to 500kW projects. The Company has now moved toward a business development strategy targeting larger commercial projects in the 1MW to 5MW range, which the board believes we can deliver profitably, to support robust future growth. In recent years, overhead was decreased as we pursued a more focussed strategy. We now have the platform in place to target larger projects and we will selectively add resources to build on that and exploit the opportunities we have identified,”. said Solar Alliance CEO, Brian Timmons.

We are well down the path to build a stable, growing company that is well positioned to take advantage of the broader shift to renewable energy. In this context, we closely monitor developments as they relate to the energy industry. We are encouraged to see an appreciation that the availability of competitively priced energy is a key factor underpinning future US economic growth. In the face of burgeoning energy demand over the next two decades the key market drivers that affect our business remain in place.

Key financial highlights for 2024

Revenue decreased year-over-year to $5,446,757 (2023, $7,473,937) for the year ended December 31, 2024, as the Company focused on completion of a number of projects begun in 2023.
Cost of sales of $3,873,917 (2023, $6,399,169) resulting in a gross profit of $1,572,840 (2023, $1,074,768).
Net cash used in operating activities $1,830,685 (2023 – Net cash used by operating activities, $51,500)
Net Cash provided (absorbed) by financing activities $845,000 (2023 – ($127,500))
Net loss of $684,134 (2023 loss $1,811,861).
Total expenses of $2,869,308 (2023 – $3,037,881), reduction of 5.5%.
Salaries and benefits of $1,367,439 (2023 – $1,343,363), a 2% increase.
Short-term loans and notes payable of $227,621 in 2024 (2023 – $137,500).

Key business highlights and outlook

Large project focus momentum. The Company continues to benefit from repeat customers while focusing on new customers’ opportunities for solar system sales and installations. Recent policy developments in our area of operations, and growing interest in community solar is increasing the number of opportunities in our target market.

Small and medium-sized project growth continues. This remains a target niche as a base flow of business. An important component for small and rural businesses wanting to reduce utility costs are the Rural Energy for America Program (“REAP”) grants and loans disbursed by the United States Department of Agriculture (“USDA”). This market segment would be impinged upon by changes in the USDA REAP scheme, although recently the administration did provide guidance enabling our customers’ grant applications to move forward. These projects are in addition to the sales funnel of larger projects the Company continues to pursue.

Regional focus and Building on our expertise. Solar Alliance’s strategy is to design, engineer and install, operate and manage, and in due course, participate in ownership of commercial solar systems ranging in size from one to five megawatts. Demonstrated success in the region and improved processes create opportunities for further sales and development opportunities.

Restatement of Comparative Period as at December 31, 2023

The Company announces that certain items in the financial statements for the year ended December 31, 2023 have been restated to correct certain classification errors in such financial statements. Please refer to Note 22 of the audited financial statements for the year ended December 31, 2024 for a fulsome description of adjustments and restatements for the year ended December 31, 2023.

Brian Timmons, CEO

About Solar Alliance Energy Inc. (www.solaralliance.com)

Solar Alliance is an energy solutions provider focused on the commercial, utility and community solar sectors. Our experienced team of solar professionals reduces or eliminates customers’ vulnerability to rising energy costs, offers an environmentally friendly source of electricity generation, and provides affordable, turnkey clean energy solutions. Solar Alliance’s strategy is to ultimately build, own and operate our own solar assets while also generating stable revenue through the sale and installation of solar projects to commercial and utility community customers.

Statements in this news release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, constitute Forward-looking statements.

The words “would”, “will”, “expected” and “estimated” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, statements with respect to the Company’s business development strategy, that the Company will be targeting larger commercial projects and the belief that the Company may deliver larger commercial projects profitably. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include but are not limited to: the ability to complete the Company’s projects on schedule or at all, uncertainties related to the ability to raise sufficient capital; changes in economic conditions or financial markets; litigation, legislative or other judicial, regulatory, legislative and political competitive developments; technological or operational difficulties; the ability to maintain revenue growth; the ability to execute on the Company’s strategies; the ability to complete the Company’s current and backlog of solar projects; the ability to grow the Company’s market share; the high growth rate of the US solar industry; the ability to convert the backlog of projects into revenue; the expected timing of the construction and completion of the 1500 kW Kentucky solar projects; the targeting of larger customers; the ability to predict and counteract the effects, should they re-emerge, of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19, on the construction sector, capital market conditions, restriction on labour and international travel and supply chains; potential corporate growth opportunities and the ability to execute on the key objectives in 2025. Consequently, actual results may vary materially from those described in the forward-looking statements.

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

The MIL Network –

May 22, 2025

MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Urges Stockholders of RDUS, SSBK, LNSR, iCAD to Act Now

Source: GlobeNewswire (MIL-OSI)

NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

Radius Recycling, Inc. (NASDAQ: RDUS), relating to the proposed merger with Toyota Tsusho America, Inc. Under the terms of the agreement, Toyota Tsusho will acquire all shares of Radius, with Radius shareholders receiving $30.00 per share in cash.

ACT NOW. The Shareholder Vote is scheduled for June 5, 2025.

Click here for more https://monteverdelaw.com/case/radius-recycling-inc-rdus/. It is free and there is no cost or obligation to you.

Southern States Bancshares, Inc. (NASDAQ: SSBK), relating to the proposed merger with FB Financial Corporation. Under the terms of the agreement, Southern States’ shareholders will receive 0.800 shares of FB Financial common stock for each share of Southern States stock.

ACT NOW. The Shareholder Vote is scheduled for June 26, 2025.

Click here for more https://monteverdelaw.com/case/southern-states-bancshares-inc-ssbk/. It is free and there is no cost or obligation to you.

LENSAR, Inc. (NASDAQ: LNSR), relating to the proposed merger with Alcon. Under the terms of the agreement, LENSAR shareholders will receive $14.00 per share, with an additional non-tradeable contingent value right offering up to $2.75 per share in cash conditioned on the achievement of certain milestones.

ACT NOW. The Shareholder Vote is scheduled for July 2, 2025.

Click here for more https://monteverdelaw.com/case/lensar-inc-lnsr/. It is free and there is no cost or obligation to you.

iCAD, Inc. (NASDAQ: ICAD), relating to the proposed merger with RadNet, Inc. Under the terms of the agreement, iCAD stockholders will receive 0.0677 shares of RadNet common stock for each share of iCAD common stock held at the closing of the merger.

ACT NOW. The Shareholder Vote is scheduled for July 14, 2025.

Click here for more https://monteverdelaw.com/case/icad-inc-icad/. It is free and there is no cost or obligation to you.

NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

Do you file class actions and go to Court?
When was the last time you recovered money for shareholders?
What cases did you recover money in and how much?

About Monteverde & Associates PC

Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court.

No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

Contact:
Juan Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4740
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341

Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

The MIL Network –

May 22, 2025

MIL-OSI: New Bitcoin–Dogecoin Dual Mining Guide Highlights PBK Miner as a Passive Income Powerhouse

Source: GlobeNewswire (MIL-OSI)

Carshalton, UK, May 21, 2025 (GLOBE NEWSWIRE) — In a market where miners are constantly seeking greater efficiency and returns, a new guide has emerged spotlighting how dual mining of Bitcoin (BTC) and Dogecoin (DOGE) can offer higher hash-rate performance and increased daily earnings—with cloud platform PBK Miner leading the charge.

Cryptocurrency mining, once dominated by DIY hardware setups, is now more accessible than ever thanks to cloud solutions that eliminate complexity and reduce costs. PBK Miner stands at the forefront of this trend.

Why PBK Miner?

PBK Miner is designed for users of all experience levels, offering a streamlined interface and automated cloud infrastructure. Key features include:

✅ Over 100 global mining farms powered by renewable energy
✅ More than 500,000 machines operating across the network
✅ 8+ million users worldwide
✅ Instant $10 sign-up bonus and $0.60 daily check-in rewards
✅ Support for 10+ cryptocurrencies, including BTC, DOGE, ETH, XRP, USDT, BCH, and more

Security & Sustainability

PBK Miner places strong emphasis on:

User security: McAfee® and Cloudflare® protection, 100% uptime, and 24/7 support
Environmental responsibility: Carbon-neutral mining with renewable energy

This commitment to ethical and secure operations enhances long-term viability and investor trust.

Getting Started in 2 Simple Steps

Step 1: Register an Account

Visit pbkminer.com and sign up using just your email. No hardware or software setup is required.

Step 2: Choose a Mining Contract

Pick from a range of investment contracts with varying levels of return:

Contract Name	Investment	Total Return
Experience Contract	$100	$107
Bitcoin Miner S21 Imm	$500	$531.75
Bitcoin Miner S19 XP+ Hyd	$1,000	$1,130
Litecoin Miner L7	$5,000	$7,250
WhatsMiner M63S+	$8,000	$12,960
On-rack Filecoin Miner	$30,000	$55,500

Profits start being credited as soon as the next day. Once your balance reaches $100, you can withdraw or reinvest.

Affiliate Program: Earn Without Investing

PBK Miner also offers a lucrative referral program:

Earn up to $30,000/month by referring new users
No investment required to participate
No cap on referrals — unlimited earning potential

In summary:

If you are looking for ways to increase your passive income, cloud mining is a great option. If used properly, these opportunities can help you grow your cryptocurrency wealth in “autopilot” mode with minimal time investment. At the very least, they should be more time-efficient than any type of active trading. Passive income is the goal of every investor and trader, and with PBK Miner, maximizing your passive income potential is easier than ever.

Learn More

Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

The MIL Network –

May 22, 2025

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

Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

Q1 2025 and Subsequent Business Highlights:

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

Q1 2025 Financial Results Investor Webinar:

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

Investor Webinar Registration:

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

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

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

Additional Information:

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

About NowVertical Group Inc.

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

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

For further information, please contact:

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

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

Cautionary Note Regarding Non-IFRS Measures:

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

Non-IFRS Measures:

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

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

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

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

Cautionary note regarding Forward-Looking Statements

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

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

The MIL Network –

May 22, 2025

MIL-OSI: First Merchants Corporation Announces Changed Ex-Dividend Date for Previously Announced Dividend

Source: GlobeNewswire (MIL-OSI)

MUNCIE, Ind., May 21, 2025 (GLOBE NEWSWIRE) — First Merchants Corporation (Nasdaq: FRME) has amended the ex-dividend date for its recently declared cash dividend of $0.36 from June 5, 2025, to June 6, 2025. The payment date for the quarterly dividend will remain as June 20, 2025, as previously announced on May 16, 2025.

About First Merchants Corporation:

First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank).

First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. Quotations are carried in daily newspapers and can be found on the company’s Internet web page (http://www.firstmerchants.com).

FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation.

For more information, contact:
Nicole M. Weaver, First Vice President and Director of Corporate Administration
765-521-7619
http://www.firstmerchants.com

The MIL Network –

May 22, 2025

MIL-OSI: Clairvest Invests in Beneficial Reuse Management

Source: GlobeNewswire (MIL-OSI)

TORONTO, May 21, 2025 (GLOBE NEWSWIRE) — Clairvest Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with Clairvest Equity Partners VII (“CEP VII”, collectively “Clairvest”), has recapitalized and invested in Beneficial Reuse Management (“BRM” or the “Company”) from Skyline Global Partners and other shareholders. Clairvest has been actively investing in the environmental services sector for over 19 years, and this transaction represents our 10^th partnership in the industry.

BRM distributes products to the agriculture, landscape, wallboard, and construction end-markets by reusing or converting certain industrial waste streams into value-add products. BRM was founded in 1999 by Dave Schuurman and is currently led by Trevor Schuurman as its CEO & President. Headquartered in Chicago, Illinois, BRM operates six processing and manufacturing facilities and maintains a distribution network of over 116 locations to store and distribute materials for beneficial reuse programs.

“BRM is a unique company delivering a compelling value proposition for its customer base, including: (i) meeting the growing demand for specialty agricultural nutrients and recycled wallboard, and (ii) providing innovative waste disposal and recycling solutions for industrial waste generators. We are excited to partner with and support Trevor and his management team to execute an aggressive growth plan and become a leading beneficial reuse and industrial recycling company in the U.S.,” said Michael Castellarin, Managing Director of Clairvest.

“Finding innovative and environmentally friendly waste disposal alternatives for our customers has been a key focus for our business over the past two decades. We remain dedicated to partnering with our customers to provide innovative and effective beneficial reuse solutions – all while contributing to a healthier planet. With Clairvest’s deep industry expertise and strong track record supporting the growth of its partners, we are gaining more than just a capital partner – we are gaining a strategic ally to support our continued growth,” said Trevor Schuurman, CEO & President of BRM.

Raymond James served as exclusive financial advisor to BRM.

The BRM investment is Clairvest’s 69^th platform investment and the third investment of CEP VII, a US$1.2 billion investment pool, US$300 million of which is from CVG.

About Clairvest
Clairvest’s mission is to partner with entrepreneurs to help them build strategically significant businesses. Founded in 1987 by a group of successful Canadian entrepreneurs, Clairvest is a top performing private equity management firm with CAD $4.6 billion of capital under management. Clairvest invests its own capital and that of third parties through the Clairvest Equity Partners limited partnerships in owner-led businesses. Under the current management team, Clairvest has initiated investments in 69 different platform companies and generated top quartile performance over an extended period.

Contact Information
Stephanie Lo
Director of Investor Relations and Marketing
Clairvest Group Inc.
Tel: (416) 925-9270
stephaniel@clairvest.com

The MIL Network –

May 22, 2025

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

Source: GlobeNewswire (MIL-OSI)

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

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

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

Stay Connected to Helium Evolution

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

About Helium Evolution Incorporated

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

For further information, please contact:

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

The MIL Network –

May 22, 2025

MIL-OSI: BULGOLD Announces Annual General and Special Meeting Voting Results

Source: GlobeNewswire (MIL-OSI)

TORONTO, May 21, 2025 (GLOBE NEWSWIRE) — BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) is pleased to announce the voting results from its Annual General and Special Meeting of the holders (“Shareholders”) of common shares of the Company that was held at 10:00 AM on May 21, 2025 (the “Meeting”).

All the matters put forward before Shareholders for consideration and approval as set out in the Company’s management information circular dated April 1, 2025 (the “Circular”) were approved by the requisite majority of votes cast at the Meeting. In particular, Shareholders approved the election of all director nominees listed in the Circular. The board of directors of the Company is now comprised as follows:

James A. Crombie
Sean Hasson
Colin Jones
Laurie Marsland
Dr. Mihaela Barnes
Vanessa Cook

Shareholders also appointed McGovern Hurley LLP as auditors of the Company until the close of the next annual meeting of Shareholders at a remuneration to be fixed by the board of directors of the Company.

Further, the disinterested Shareholders passed an ordinary resolution ratifying and confirming the Company’s 10% “rolling” equity incentive plan including the setting-aside, allotting and reserving 10% of the Company’s outstanding common shares from time to time for issuance pursuant to the exercise of awards granted thereunder (the full text of which is set out in the Circular).

A total of 10,957,856 common shares representing approximately 39.7% of the Company’s issued and outstanding common shares were voted in connection with the Meeting, and each of the foregoing matters were approved by over 99.4% of the votes cast thereon.

About BULGOLD Inc.
BULGOLD is a gold exploration company focused on the exploration and development of mineral exploration projects in Central and Eastern Europe. The Company controls 100% of three quality quartz-adularia epithermal gold projects located in the Bulgarian and Slovak portions of the Western Tethyan Belt: the Lutila Gold Project, the Kostilkovo Gold Project and the Kutel Gold Project. Management of the Company believes that its assets show potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralisation.

On December 31, 2024, BULGOLD’s issued and outstanding shares were 27,597,928 of which approximately 40.3% were held by Founders, Directors and Management. Additional information about the Company is available on BULGOLD’s website (www.BULGOLD.com) and on SEDAR+ (www.sedarplus.ca).

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

Cautionary Statement Regarding Forward-Looking Information

This press release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance and include statements relating to voting results of the Meeting. All statements other than statements of historical fact may be forward‐looking statements or information. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including the inherent uncertainty of mineral exploration; risks related to title to mineral properties; and credit, market, currency, operational, commodity, geopolitical, liquidity and funding risks generally, including changes in economic conditions, interest rates or tax rates and general market and economic conditions. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this press release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this press release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements and information contained in this press release are expressly qualified by this cautionary statement.

For further information, please contact:

BULGOLD Inc.
Sean Hasson, President and Chief Executive Officer
Telephone: +359 2 989 2361
Email: information@BULGOLD.com
Website: www.BULGOLD.com

The MIL Network –

May 22, 2025

MIL-OSI: iRhythm Technologies to Participate in Upcoming Investor Conferences

Source: GlobeNewswire (MIL-OSI)

SAN FRANCISCO, May 21, 2025 (GLOBE NEWSWIRE) — iRhythm Technologies, Inc. (NASDAQ:IRTC), a leading digital health care company focused on creating trusted solutions that detect, prevent, and predict disease, today announced that its management team is scheduled to present at the following investor conferences.

William Blair 45^thAnnual Growth Stock Conference on Wednesday, June 4, 2025, at 2:00 p.m. Central Time (12:00 p.m. Pacific Time)
Goldman Sachs 46^thAnnual Global Healthcare Conference on Tuesday, June 10, 2025, at 2:40 p.m. Eastern Time (11:40 a.m. Pacific Time)
Truist Securities MedTech Conference on Tuesday, June 17, 2025, at 1:40 p.m. Eastern Time (10:40 a.m. Pacific Time)

Interested parties may access live and archived webcasts of the presentations on the “Events & Presentations” section of the company’s investor website at investors.irhythmtech.com.

About iRhythm Technologies, Inc.
iRhythm is a leading digital health care company that creates trusted solutions that detect, predict, and prevent disease. Combining wearable biosensors and cloud-based data analytics with powerful proprietary algorithms, iRhythm distills data from millions of heartbeats into clinically actionable information. Through a relentless focus on patient care, iRhythm’s vision is to deliver better data, better insights, and better health for all. For additional information about iRhythm, please visit its corporate website at irhythmtech.com.

Investor Contact
Stephanie Zhadkevich
investors@irhythmtech.com

Media Contact
Kassandra Perry
irhythm@highwirepr.com

The MIL Network –

May 22, 2025

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

Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

>> Consider MoneyMutual for Same Payday Loans >>

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

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

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

>> Visit MoneyMutual to Find Out More >>

Key Evaluation Factors

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

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

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

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

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

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

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

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

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

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

>> Consider MoneyMutual for Same Payday Loans >>

Pros and Cons of MoneyMutual for Same Day Payday Loans

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

Pros:

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

Cons:

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

How to Utilize MoneyMutual for Potential Same Day Payday Loans

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

Step-by-Step Process:

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

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

Types of Short-Term Financial Assistance Facilitated by MoneyMutual

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

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

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

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

Customer Support and Resources Offered by MoneyMutual

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

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

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

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

Potential Disbursement Methods Through MoneyMutual’s Network

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

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

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

Navigating Same Day Payday Loans Responsibly: Important Cautions

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Frequently Asked Questions

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

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

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

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

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

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

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

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

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

Contact

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

Attachment

MoneyMutual

The MIL Network –

May 22, 2025

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

Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

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

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

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

The MIL Network –

May 22, 2025

MIL-OSI: United Fire Group, Inc. declares quarterly cash dividend of $0.16 per share

Source: GlobeNewswire (MIL-OSI)

CEDAR RAPIDS, Iowa, May 21, 2025 (GLOBE NEWSWIRE) — Today, the board of directors of United Fire Group, Inc. (UFG) (Nasdaq: UFCS) declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable June 20, 2025, to shareholders of record as of June 6, 2025.

UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 229th consecutive quarterly dividend paid, dating back to March 1968.

About UFG

Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. The company is licensed as a property and casualty insurer in 50 states and the District of Columbia, and is represented by approximately 1,000 independent agencies. AM Best assigns a rating of “A-” (Excellent) for members of the United Fire & Casualty Group. For more information about UFG, visit www.ufginsurance.com.

Contact:

Investor relations
Email: ir@unitedfiregroup.com

Media inquiries
Email: news@unitedfiregroup.com

Disclosure of forward-looking statements

This release may contain forward-looking statements about our operations, anticipated performance and other similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements. The forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ from those expected and/or projected. Such forward-looking statements are based on current expectations, estimates, forecasts and projections about the Company, the industry in which we operate, and beliefs and assumptions made by management. Words such as “expect(s),” “anticipate(s),” “intend(s),” “plan(s),” “believe(s),” “continue(s),” “seek(s),” “estimate(s),” “goal(s),” “remain(s) optimistic,” “target(s),” “forecast(s),” “project(s),” “predict(s),” “should,” “could,” “may,” “will,” “might,” “hope,” “can” and other words and terms of similar meaning or expression in connection with a discussion of future operations, financial performance or financial condition, are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements. Information concerning factors that could cause actual outcomes and results to differ materially from those expressed in the forward-looking statements is contained in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission (“SEC”) on February 26, 2025. The risks identified in our Annual Report on Form 10-K and in our other SEC filings are representative of the risks, uncertainties, and assumptions that could cause actual outcomes and results to differ materially from what is expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release or as of the date they are made. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

The MIL Network –

May 22, 2025

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

Source: GlobeNewswire (MIL-OSI)

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

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

Track Instantly with the Best Mobile Tracking App – Try mSpy Before It’s Too Late!

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

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

✅ Top Pick: mSpy – Best Mobile Spy & Monitoring App for Hidden Phone Surveillance this year.

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

Don’t Settle for Less: Get the Best Mobile Spy App of 2025 – mSpy Is All You Need

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

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

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

Top-Rated mSpy Deal: The #1 Phone Monitoring App Is Just a Click Away

What Is mSpy?

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

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

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

mSpy encompasses these pivotal features for parental supervision:

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

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

Get the Best Mobile Spy App of the Year – Instant mSpy Setup. No Tech Skills Needed.

How does mSpy work?

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

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

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

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

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

==> Special Discount: Order Today With Best Price And Special Offers <==

Primary Features of mSpy

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

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

Parental Control? Employee Oversight? mSpy Is the Best Phone Monitoring App for You

mSpy Pros and Cons

✅ Pros:

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

❌ Cons:

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

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

Protect What Matters with the Best Phone Monitoring App – Start with mSpy Now
Compatibility of mSpy application Across Mobile Devices

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

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

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

mSpy Basic Plan
1-month subscription: $39.99 3

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

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

mSpy Refund Policy: What You Need to Know

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

✅ Eligible for Refund:

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

❌ Not Eligible for Refund:

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

How to Request a Refund:

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

The Phone Monitoring App You Can Trust – Try mSpy Risk-Free
mSpy Installation Guide: Step-by-Step

For Android Devices:

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

For iPhones:

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

Total setup time: Under 10 minutes in most cases
No ongoing access required once installed
Secure & Track Remotely with the Best Mobile Tracking App – mSpy Limited Offer On Now!
Exploring the mSpy Free Trial

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

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

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

Get An Exclusive Limited Time Discount on mSpy

Is mSpy Legal to Use?

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

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

mSpy emphasizes responsible usage. Users must confirm that they own the device or have legal permission before installing the software. The platform clearly disclaims liability for misuse.
If used within the bounds of law and intent, mSpy is a powerful and compliant solution for modern digital monitoring.
Why Wait? The Best Phone Monitoring App (mSpy) Is Ready – Real-Time GPS, Social Media Logs & More

mSpy vs Competitors

mSpy vs FlexiSPY

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

mSpy vs uMobix

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

mSpy vs Cocospy

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

Why mSpy Earns Its Reputation as a Premier Mobile Surveillance App

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

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

FAQs About mSpy Apps

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

Click Here to Get mSpy From Its Official website

mSpy Real User Reviews

Jenna T. – Dallas, TX (Parent)

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

How mSpy Helps Prevent Digital Dangers

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

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

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

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

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

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

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

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

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

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

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

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

Project name: mSpy
Londynska 730/59,
Vinohrady,
120 00 Praha,
Czech Republic
Media Contact:
Company website: https://www.mspy.com/
email: support@mspy.com
USA (toll-free): +1 855 896 00 41

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

Content Accuracy Disclaimer

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

Affiliate Disclosure
This article may contain affiliate links. If you purchase a product or service through these links, the publisher may earn a commission at no additional cost to you. These commissions help support the creation of in-depth reviews and educational wellness content.
The publisher only promotes products that have been independently evaluated and deemed potentially beneficial to readers. However, this compensation may influence the content, topics, or products discussed in this article. The views and opinions expressed are those of the author and do not necessarily reflect the official policy or position of any affiliate partner or product provider.

Attachment

The MIL Network –

May 22, 2025

MIL-OSI: Trio completes acquisition of cash flow positive oil and gas assets in prolific heavy oil region of Saskatchewan Canada

Source: GlobeNewswire (MIL-OSI)

Bakersfield, CA, May 21, 2025 (GLOBE NEWSWIRE) — Trio Petroleum Corp (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, today is pleased to announce that it has closed on the balance of certain petroleum and natural gas properties held by Novacor Exploration Ltd. (“Novacor”). More specifically, TPET closed on the remaining Novacor TWP47 assets, located at the South-West quarter of Section 19, Township 47, Range 26W3M. These assets are in the prolific Lloydminster, Saskatchewan heavy oil region (the “Acquisition”). This acquisition strategically positions the Company to expand its operations into one of North America’s most promising heavy oil basins, with upside potential for long term production and reserve growth. Since the Novacor assets are in the heavy oil area, Trio believes they offer economic development and low operational costs. Trio also believes that the market accessibility combined with a favorable regulatory process makes this area very attractive for continued and future development within these lands.

As reported in the Company’s press release on April 10, 2025, the Novacor assets are located at the South-West quarter of Section 19, Township 47, Range 26W3M and the Northeast Section 3, Township 48, Range 24W3M, both in the Lloydminster, Saskatchewan area. There are currently seven producing wells located on the two properties. Production from the wells in Section 19 is subject to Freehold Royalties of 13.5% and a GORR of 2%, and production from the wells in Section 3 is subject to Freehold Royalties of 15%. The wells produce heavy crude oil from the McLaren/Sparky and Lloydminster formation(s). Novacor is the operator of these cash flow positive wells and has the capability to rapidly double production. The area is home to some of the largest players in the industry such as Cenovus Energy, Canadian Natural Resources, Baytex Energy, Rife Resources and many others who have made Heavy Oil a staple of their operation, and where numerous opportunities to acquire additional highly economic fields exist.

Important in this acquisition is Novacor’s ability to address recent fluctuations in global oil prices and their limited impact on the company’s operations. Novacor will continue as operator of the assets. While market volatility is inherent in the energy sector, the Company believes that Novacor’s strategic focus on operational efficiency and low lift costs provides a significant buffer against downward price pressures.

Novacor’s current lift cost stands at a competitive CDN $10.00 per barrel. Trio believes that this low operational expenditure will help ensure Trio maintains strong profitability even in a lower oil price environment. Trio also believes that its commitment to cost management and efficient production techniques will allow it to navigate market fluctuations with greater resilience compared to companies with higher operating costs, thus providing Trio with a significant advantage in its ability to produce oil economically in the current market.

Novacor has a long history of oil and gas development in the area. Trio’s plan is to aggressively grow its footprint in the area utilizing Novacor as an operator of the assets. The Company will continue to seek opportunities for strategic growth and optimization with Novacor’s operational efficiencies and its plan is to deliver consistent value to shareholders through a disciplined approach to operations and cost management.”

Mr. Ross, Trio’s CEO stated, “Our immediate plan is to initiate our workover program to increase production on these newly acquired assets and we believe our next couple of quarters should reflect the benefit of our work. Our focus remains on acquiring projects that generate immediate cash flow or offer transformative growth potential with strategic investment. We believe that this approach aligns with our long-term vision of creating exponential value while managing risk and resources effectively.”

Terms of the Acquisition

The stated purchase price of the Acquisition was US$650,000 in cash paid in two tranches, and 526,536 in shares of common stock of Trio, which were registered for resale in a registration statement which Trio expects to be declared effective by the United States Securities and Exchange Commission in the near future. The Company paid Novacor a good faith deposit of $65,000, which was applied to the cash portion of the purchase price at the initial closing.

About Trio Petroleum Corp

Trio Petroleum Corp is an oil and gas exploration and development company in California, Utah and Lloydminster, Saskatchewan.

Cautionary Statement Regarding Forward-Looking Statements

All statements in this press release of Trio Petroleum Corp (“Trio”) and its representatives and partners that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, when used in the preceding discussion, the words “estimates,” “believes,” “hopes,” “expects,” “intends,” “on-track”, “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the Trio’s control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors sections of the Trio reports filed with the Securities and Exchange Commission (SEC). Copies of such documents are available on the SEC’s website, www.sec.gov. Trio undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Relations Contact:
Redwood Empire Financial Communications
Michael Bayes
(404) 809 4172
michael@redwoodefc.com

The MIL Network –

May 22, 2025

MIL-OSI: AMSC Reports Fourth Quarter and Fiscal Year 2024 Financial Results and Business Outlook

Source: GlobeNewswire (MIL-OSI)

Business Highlights:

• Full year revenues increased 53% year over year to $222.8 million
• Full year net income increased $17.1 million year over year to $6.0 million
• Generated $6.3 million of operating cash flow in the fourth quarter, helping to further strengthen the balance sheet

Company to host conference call tomorrow, May 22 at 10:00 am ET

AYER, Mass., May 21, 2025 (GLOBE NEWSWIRE) — AMSC (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and that protect and expand the capability and resiliency of our Navy’s fleet, today reported financial results for its fourth quarter and fiscal year ended March 31, 2025 (“fiscal 2024”).

Revenues for the fourth quarter of fiscal 2024 were $66.7 million compared with $42.0 million for the same period of fiscal 2023. The year-over-year increase was driven by organic growth in New Energy Power Systems revenues along with the contributions from the acquisition of NWL, Inc.

AMSC’s net income for the fourth quarter of fiscal 2024 was $1.2 million, or $0.03 per share, compared to net loss of $1.6 million, or $0.05 per share, for the same period of fiscal 2023. The Company’s non-GAAP net income for the fourth quarter of fiscal 2024 was $4.8 million, or $0.13 per share, compared with a non-GAAP net income of $1.9 million, or $0.06 per share, in the same period of fiscal 2023. Please refer to the financial table below for a reconciliation of GAAP to non-GAAP results.

Revenues for fiscal 2024 were $222.8 million as compared to $145.6 million in fiscal 2023. The year-over-year increase was driven by higher D-VAR and NEPSI revenues than in the prior year period along with the contribution from the acquisition of NWL, Inc.

AMSC reported net income for fiscal 2024 of $6.0 million, or $0.16 per share, compared to a net loss of $11.1 million, or $0.37 per share in fiscal 2023. The Company’s non-GAAP net income for fiscal 2024 was $24.0 million, or $0.65 per share, compared with non-GAAP net income of $0.6 million, or $0.02 per share, for fiscal 2023. Please refer to the financial table below for a reconciliation of GAAP to non-GAAP results.

Cash, cash equivalents and restricted cash on March 31, 2025 totaled $85.4 million.

“AMSC reported its strongest quarterly and annual performance in years,” said Daniel P. McGahn, Chairman, President and CEO of AMSC. “Fiscal fourth quarter revenue grew sequentially to over $66 million, up nearly 60% year-over-year. Net income surpassed $1.2 million, making our third consecutive quarter of profitability, and seventh consecutive quarter of positive operating cash flow. We secured $75 million in new orders, bringing total year-end orders to a recent record of nearly $320 million. Our fiscal 2024 results reflect improved financial performance, a resilient and diversified order pipeline, and solid operational execution—positioning AMSC for long-term success. With expanding end markets, we’re focused on broadening our offerings, entering new sectors, and strengthening customer relationships. We enter fiscal 2025 with strong momentum and confidence in our ability to continue building a more resilient and profitable company.”

Business Outlook

For the first quarter ending June 30, 2025, AMSC expects that its revenues will be in the range of $64.0 million to $68.0 million. The Company’s net income for the first quarter of fiscal 2025 is expected to exceed $1.0 million, or $0.03 per share. The Company’s non-GAAP net income (as defined below) is expected to exceed $4.0 million, or $0.10 per share.

Conference Call Reminder
In conjunction with this announcement, AMSC management will participate in a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, May 22, 2025, to discuss the Company’s financial results and business outlook. Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at https://ir.amsc.com. The live call can be accessed by dialing 1-844-481-2802 or 1-412-317-0675 and asking to join the AMSC call. A replay of the call may be accessed 2 hours following the call by dialing 1-877-344-7529 and using conference passcode 4917468.

About AMSC (Nasdaq: AMSC)
AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec™ Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit www.amsc.com.

AMSC, American Superconductor, D-VAR, D-VAR VVO, Gridtec, Marintec, Windtec, Neeltran, NEPSI, NWL, Smarter, Cleaner … Better Energy and Orchestrate the Rhythm and Harmony of Power on the Grid are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks or service marks belong to their respective holders.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Any statements in this release regarding our goals and strategies; business diversification; order pipeline; long-term success, including through expanding end markets, broadening offerings, entering new sectors; strengthening customer relationships; strong momentum; building a more resilient and profitable company; our expected GAAP and non-GAAP financial results for the quarter ending June 30, 2025; and other statements containing the words “believes,” “anticipates,” “plans,” “expects,” “will” and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements represent management’s current expectations and are inherently uncertain. There are a number of important factors that could materially impact the value of our common stock or cause actual results to differ materially from those indicated by such forward-looking statements. These important factors include, but are not limited to: We have not been historically profitable, which may recur in the future. Our operating results may fluctuate significantly from quarter to quarter and may fall below expectations in any particular fiscal quarter; While we generated positive operating cash flow in fiscal 2024 and the prior year, we have a history of negative operating cash flows, and we may require additional financing in the future, which may not be available to us; Our technology and products could infringe intellectual property rights of others, which may require costly litigation and, if we are not successful, could cause us to pay substantial damages and disrupt our business; Changes in exchange rates could adversely affect our results of operations; If we fail to maintain proper and effective internal control over financial reporting, our ability to produce accurate and timely financial statements could be impaired and may lead investors and other users to lose confidence in our financial data; We may be required to issue performance bonds, which restricts our ability to access any cash used as collateral for the bonds; We may not realize all of the sales expected from our backlog of orders and contracts; If we fail to implement our business strategy successfully, our financial performance could be harmed; We rely upon third-party suppliers for the components and subassemblies of many of our Grid and Wind products, making us vulnerable to supply shortages and price fluctuations, which could harm our business; Our contracts with the U.S. government are subject to audit, modification or termination by the U.S. government and include certain other provisions in favor of the government. The continued funding of such contracts remains subject to annual congressional appropriation, which, if not approved, could reduce our revenue and lower or eliminate our profit; Changes in U.S. government defense spending could negatively impact our financial position, results of operations, liquidity and overall business; Our business and operations may be materially adversely impacted in the event of a failure or security breach of our or any critical third parties’ IT Systems or Confidential Information; Failure to comply with evolving data privacy and data protection laws and regulations or to otherwise protect personal data, may adversely impact our business and financial results; Our success is dependent upon attracting and retaining qualified personnel and our inability to do so could significantly damage our business and prospects; A significant portion of our Wind segment revenues are derived from a single customer. If this customer’s business is negatively affected, it could adversely impact our business; Our success in addressing the wind energy market is dependent on the manufacturers that license our designs; We may acquire additional complementary businesses or technologies, which may require us to incur substantial costs for which we may never realize the anticipated benefits; Many of our revenue opportunities are dependent upon subcontractors and other business collaborators; Problems with product quality or product performance may cause us to incur warranty expenses and may damage our market reputation and prevent us from achieving increased sales and market share; Many of our customers outside of the United States may be either directly or indirectly related to governmental entities, and we could be adversely affected by violations of the United States Foreign Corrupt Practices Act and similar worldwide anti-bribery laws outside the United States; We or third parties on whom we depend may be adversely affected by natural disasters, including events resulting from climate change, and our business continuity and disaster recovery plans may not adequately protect us or our value chain from such events; Pandemics, epidemics, or other public health crises may adversely impact our business, financial condition and results of operations; Adverse changes in domestic and global economic conditions could adversely affect our operating results; Our international operations are subject to risks that we do not face in the United States, which could have an adverse effect on our operating results; Our products face competition, which could limit our ability to acquire or retain customers; We have operations in, and depend on sales in, emerging markets, including India, and global conditions could negatively affect our operating results or limit our ability to expand our operations outside of these markets. Changes in India’s political, social, regulatory and economic environment may affect our financial performance; Industry consolidation could result in more powerful competitors and fewer customers; Our success could depend upon the commercial adoption of the REG system, which is currently limited, and a widespread commercial market for our REG products may not develop; Increasing focus and scrutiny on environmental sustainability and social initiatives could adversely impact our business and financial results; Growth of the wind energy market depends largely on the availability and size of government subsidies, economic incentives and legislative programs designed to support the growth of wind energy; Lower prices for other energy sources may reduce the demand for wind energy development, which could have a material adverse effect on our ability to grow our Wind business; We may be unable to adequately prevent disclosure of trade secrets and other proprietary information; Our patents may not provide meaningful or long-term protection for our technology, which could result in us losing some or all of our market position; Third parties have or may acquire patents that cover the materials, processes and technologies we use or may use in the future to manufacture our Amperium products, and our success depends on our ability to license such patents or other proprietary rights; Our common stock has experienced, and may continue to experience, market price and volume fluctuations, which may prevent our stockholders from selling our common stock at a profit and could lead to costly litigation against us that could divert our management’s attention; Unfavorable results of legal proceedings could have a material adverse effect on our business, operating results and financial condition;and the other important factors discussed under the caption “Risk Factors” in Part 1. Item 1A of our Form 10-K for the fiscal year ended March 31, 2025, and our other reports filed with the SEC. These important factors, among others, could cause actual results to differ materially from those indicated by forward-looking statements made herein and presented elsewhere by management from time to time. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.


UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
	Three Months Ended						Twelve Months Ended
	March 31,						March 31,
	2025			2024			2025			2024
Revenues
Grid	$	55,592		$	34,211		$	187,170		$	122,065
Wind		11,063			7,817			35,648			23,574
Total revenues		66,655			42,028			222,818			145,639

Cost of revenues		48,964			31,598			160,964			110,356

Gross margin		17,691			10,430			61,854			35,283

Operating expenses:
Research and development		3,493			2,298			11,425			7,991
Selling, general and administrative		12,101			7,953			43,091			31,600
Amortization of acquisition related intangibles		444			538			1,733			2,152
Change in fair value of contingent consideration		—			1,870			6,682			4,922
Restructuring		—			—			—			(14	)
Total operating expenses		16,038			12,659			62,931			46,651

Operating income (loss)		1,653			(2,229	)		(1,077	)		(11,368	)

Interest income, net		807			784			3,708			1,302
Other expense, net		(49	)		(117	)		(265	)		(736	)
Income (loss) before income tax (benefit) expense		2,411			(1,562	)		2,366			(10,802	)

Income tax (benefit) expense		1,204			17			(3,667	)		309

Net income (loss)	$	1,207		$	(1,579	)	$	6,033		$	(11,111	)

Net income (loss) per common share
Basic	$	0.03		$	(0.05	)	$	0.16		$	(0.37	)
Diluted	$	0.03		$	(0.05	)	$	0.16		$	(0.37	)

Weighted average number of common shares outstanding
Basic		37,672			33,139			36,990			29,825
Diluted		38,516			33,139			37,718			29,825

CONSOLIDATED BALANCE SHEET
(In thousands, except per share data)
	March 31,			March 31,
	2025			2024
ASSETS
Current assets:
Cash and cash equivalents	$	79,494		$	90,522
Accounts receivable, net		46,186			26,325
Inventory, net		71,169			41,857
Prepaid expenses and other current assets		8,055			7,295
Restricted cash		1,613			468
Total current assets		206,517			166,467

Property, plant and equipment, net		38,572			10,861
Intangibles, net		5,916			6,369
Right-of-use assets		3,829			2,557
Goodwill		48,164			43,471
Restricted cash		4,274			1,290
Deferred tax assets		1,178			1,119
Equity-method Investments		1,113			—
Other assets		958			637
Total assets	$	310,521		$	232,771


LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:
Accounts payable and accrued expenses	$	32,282		$	24,235
Lease liability, current portion		685			716
Debt, current portion		—			25
Contingent consideration		—			3,100
Deferred revenue, current portion		66,797			50,732
Total current liabilities		99,764			78,808

Deferred revenue, long term portion		9,336			7,097
Lease liability, long term portion		2,684			1,968
Deferred tax liabilities		1,595			300
Other liabilities		28			27
Total liabilities		113,407			88,200

Stockholders’ equity:
Common stock, $0.01 par value, 75,000,000 shares authorized; 39,887,536 and 37,343,812 shares issued and 39,484,185 and 36,946,181 shares outstanding at March 31, 2025 and 2024, respectively		399			373
Additional paid-in capital		1,259,540			1,212,913
Treasury stock, at cost, 403,351 and 397,631 at March 31, 2025 and 2024, respectively		(3,765	)		(3,639	)
Accumulated other comprehensive income		1,565			1,582
Accumulated deficit		(1,060,625	)		(1,066,658	)
Total stockholders’ equity		197,114			144,571
Total liabilities and stockholders’ equity	$	310,521		$	232,771

CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
	Year Ended March 31,
	2025			2024
Cash flows from operating activities:
Net income (loss)	$	6,033		$	(11,111	)
Adjustments to reconcile net income (loss) to net cash provided by operations:
Depreciation and amortization		5,560			4,494
Stock-based compensation expense		7,794			4,652
Provision for excess and obsolete inventory		1,532			1,970
Amortization of operating lease right-of-use assets		976			321
Deferred income taxes		(4,304	)		65
Earnings from equity method investments		132			—
Change in fair value of contingent consideration		6,682			4,922
Other non-cash items		(587	)		44
Unrealized foreign exchange gain on cash and cash equivalents		(41	)		(2	)
Changes in operating asset and liability accounts:
Accounts receivable		(3,213	)		4,340
Inventory		(7,707	)		(6,841	)
Prepaid expenses and other current assets		543			5,992
Operating leases		(1,563	)		(327	)
Accounts payable and accrued expenses		3,209			(13,498	)
Deferred revenue		13,239			7,117
Net cash provided by operating activities		28,285			2,138

Cash flows from investing activities:
Purchases of property, plant and equipment		(2,415	)		(934	)
Cash paid to settle NWL contingent consideration liability		(3,278	)		—
Cash paid for NWL Acquisition, net of cash acquired		(29,577	)		—
Change in other assets		64			(27	)
Net cash used in investing activities		(35,206	)		(961	)

Cash flows from financing activities:
Repurchase of treasury stock		(126	)		—
Repayment of debt		(25	)		(65	)
Cash paid related to registration of common stock shares		(148	)		—
Proceeds from public equity offering, net		—			65,227
Proceeds from exercise of employee stock options and ESPP		307			279
Net cash provided by financing activities		8			65,441

Effect of exchange rate changes on cash, cash equivalents and restricted cash		14			(13	)

Net (decrease) increase in cash, cash equivalents and restricted cash		(6,899	)		66,605
Cash, cash equivalents and restricted cash at beginning of year		92,280			25,675
Cash, cash equivalents and restricted cash at end of year	$	85,381		$	92,280

RECONCILIATION OF GAAP NET INCOME (LOSS) TO NON-GAAP NET INCOME
(In thousands, except per share data)
	Three Months Ended March 31,					Year Ended March 31,
	2025		2024			2025		2024
Net income (loss)	$	1,206	$	(1,579	)	$	6,033	$	(11,111	)
Stock-based compensation		2,855		1,044			7,794		4,652
Amortization of acquisition-related intangibles		706		538			2,433		2,158
Change in fair value of contingent consideration		—		1,870			6,682		4,922
Acquisition costs		—		—			1,095		—
Non-GAAP net income		4,767		1,873			24,037		621

Non-GAAP net income per share – basic	$	0.13	$	0.06		$	0.65	$	0.02
Non-GAAP net income per share – diluted	$	0.12	$	0.05		$	0.64	$	0.02
Weighted average shares outstanding – basic		37,672		33,139			36,990		29,825
Weighted average shares outstanding – diluted		38,516		34,447			37,718		30,909

Reconciliation of Forecast GAAP Net Income to Non-GAAP Net Income
(In millions, except per share data)
	Three months ending
	June 30, 2025
Net income	$	1.0
Stock-based compensation		2.6
Amortization of acquisition-related intangibles		0.4
Non-GAAP net income	$	4.0
Non-GAAP net income per share	$	0.10
Shares outstanding		38.7

Note: Non-GAAP net income (loss) is defined by the Company as net income (loss) before; stock-based compensation; amortization of acquisition-related intangibles; changes in fair value of contingent consideration; acquisition costs; other non-cash or unusual charges, and the tax effect of adjustments calculated at the relevant rate for our non-GAAP metric. The Company believes non-GAAP net income (loss) and non-GAAP net income (loss) per share assist management and investors in comparing the Company’s performance across reporting periods on a consistent basis by excluding these non-cash, non-recurring or other charges that it does not believe are indicative of its core operating performance. Actual GAAP and non-GAAP net income (loss) and net income (loss) per share for the fiscal quarter ending June 30, 2025, including the above adjustments, may differ materially from those forecasted in the table above, including as a result of changes in the fair value of contingent consideration.

Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position or cash flow that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. The non-GAAP measures included in this release, however, should be considered in addition to, and not as a substitute for or superior to, operating income or other measures of financial performance prepared in accordance with GAAP. A reconciliation of GAAP to non-GAAP net income (loss) is set forth in the table above. Non-GAAP net income (loss) per share is defined as non-GAAP net income (loss) divided by shares outstanding.

AMSC Contacts
Investor Relations Contact:
Carolyn Capaccio, CFA
Phone: 212-838-3777
amscIR@allianceadvisors.com

AMSC Director, Communications:
Nicol Golez
978-399-8344
Nicol.Golez@amsc.com

Public Relations Contact:
RooneyPartners
Joe Luongo
(914) 906-5903
jluongo@rooneypartners.com

The MIL Network –

May 22, 2025

MIL-OSI: Micron Technology to Report Fiscal Third Quarter Results on June 25, 2025

Source: GlobeNewswire (MIL-OSI)

BOISE, Idaho, May 21, 2025 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU) announced today that it will hold its fiscal third quarter earnings conference call on Wednesday, June 25, 2025, at 2:30 p.m. Mountain time.

The call will be webcast live at http://investors.micron.com/. Webcast replays of presentations can be accessed from Micron’s Investor Relations website for approximately one year after the call.

About Micron Technology, Inc.
We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

© 2025 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

Micron Media Relations Contact
Mark Plungy
Micron Technology, Inc.
+1 (408) 203-2910
corpcomms@micron.com

Micron Investor Relations Contact
Satya Kumar
Micron Technology, Inc.
+1 (408) 450-6199
satyakumar@micron.com

The MIL Network –

May 22, 2025

MIL-OSI: BAWAG Group: Moody’s affirms ratings and changes outlook from stable to positive

Source: GlobeNewswire (MIL-OSI)

VIENNA, Austria – May 21, 2025 – Today, Moody’s announced that it affirms the ratings of BAWAG P.S.K. and changed the outlook on the long-term deposit, senior unsecured, and long-term issuer ratings from stable to positive.

The positive outlook is a reflection of our to-be integrated recent acquisitions which show a steady business performance and could result in a sustainably improved financial profile.

The release of Moody’s is available on our website https://www.bawaggroup.com.

David O’Leary, Chief Risk Officer of BAWAG Group, commented: “The change to a positive outlook is a testament to our strategy focused on sustainable growth, efficiency and maintaining a safe and secure balance sheet. While our strategy has been unchanged since 2012, with the recent acquisitions, our business profile with focus on DACH/NL region as well as Retail & SME had been enhanced. The improved outlook highlights the resilience and stability of our business, with increased profitability after our acquisitions.”

About BAWAG Group
BAWAG Group AG is a publicly listed holding company headquartered in Vienna, Austria, serving our over 4 million retail, small business, corporate, real estate and public sector customers across Austria, Germany, Switzerland, Netherlands, Ireland, the United Kingdom, and the United States. The Group operates under various brands and across multiple channels offering comprehensive savings, payment, lending, leasing, investment, building society, factoring and insurance products and services. Our goal is to deliver simple, transparent, and affordable financial products and services that our customers need.

BAWAG Group’s Investor Relations website https://www.bawaggroup.com/ir contains further information, including financial and other information for investors.

Forward-looking statement
This release contains “forward-looking statements” regarding the financial condition, results of operations, business plans and future performance of BAWAG Group. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” “would,” “could” and other similar expressions are intended to identify these forward-looking statements. These forward-looking statements reflect management’s expectations as of the date hereof and are subject to risks and uncertainties that may cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, economic conditions, the regulatory environment, loan concentrations, vendors, employees, technology, competition, and interest rates. Readers are cautioned not to place undue reliance on the forward-looking statements as actual results may differ materially from the results predicted. Neither BAWAG Group nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this report or its content or otherwise arising in connection with this document. This report does not constitute an offer or invitation to purchase or subscribe for any securities and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This statement is included for the express purpose of invoking “safe harbor provisions”.

Financial Community:
Jutta Wimmer (Head of Investor Relations)
Tel: +43 (0) 5 99 05-22474

IR Hotline: +43 (0) 5 99 05-34444
E-mail: investor.relations@bawaggroup.com

Media:
Manfred Rapolter (Head of Corporate Communications & Social Engagement)
Tel: +43 (0) 5 99 05-31210
E-mail: communications@bawaggroup.com

This text can also be downloaded from our website: https://www.bawaggroup.com

The MIL Network –

May 22, 2025

MIL-OSI: United Fire Group, Inc. reports on annual meeting of shareholders

Source: GlobeNewswire (MIL-OSI)

Director elections to the board of directors announced

Director elections to the board of directors

CEDAR RAPIDS, Iowa, May 21, 2025 (GLOBE NEWSWIRE) — United Fire Group, Inc. (UFG) (Nasdaq: UFCS) announced today that its shareholders elected three Class B directors to its 11-member board of directors at the 2025 annual meeting of shareholders held on May 21, 2025.

The following individuals were each elected as Class B directors to serve three-year terms expiring in 2028:

John-Paul Besong, retired chief information officer executive.
Matthew R. Foran, co-founder and president of Stoic Lane, Inc.
James W. Noyce, retired insurance and financial services executive.

In other official business, shareholders:

Ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for 2025.
Approved, on an advisory basis, the compensation of the company’s named executive officers.

About UFG

Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. The company is licensed as a property and casualty insurer in 50 states and the District of Columbia, and is represented by approximately 1,000 independent agencies. AM Best assigns a rating of “A-” (Excellent) for members of the United Fire & Casualty Group. For more information about UFG, visit www.ufginsurance.com.

Contact:

Investor relations
Email: ir@unitedfiregroup.com

Media inquiries
Email: news@unitedfiregroup.com

The MIL Network –

May 22, 2025

MIL-OSI: Strong First Quarter Supports TrustCo’s Declaration of Dividend; Continues Reliable Payout

Source: GlobeNewswire (MIL-OSI)

GLENVILLE, N.Y., May 21, 2025 (GLOBE NEWSWIRE) — The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on May 20, 2025, declared a quarterly cash dividend of $0.36 per share, or $1.44 per share on an annualized basis. The dividend will be payable on July 1, 2025 to shareholders of record at the close of business on June 6, 2025.

Chairman, President, and Chief Executive Officer Robert J. McCormick said: “We often hear that people use our dividend to pay college tuition, fund retirements, and for other significant life events. The dividend declared this quarter is another in an uninterrupted series ongoing since 1904. We are very pleased that the Company’s excellent first-quarter performance enables us to make this distribution to our owners.”

About TrustCo Bank Corp NY

TrustCo Bank Corp NY is a $6.3 billion savings and loan holding company. Through its subsidiary, Trustco Bank, Trustco operates 136 offices in New York, New Jersey, Vermont, Massachusetts and Florida. Trustco has a more than 100-year tradition of providing high-quality services, including a wide variety of deposit and loan products. In addition, Trustco Bank’s Financial Services Department offers a full range of investment services, retirement planning and trust and estate administration services. Trustco Bank is rated as one of the best performing savings banks in the country. The common shares of TrustCo are traded on the NASDAQ Global Select Market under the symbol TRST. For more information, visit www.trustcobank.com.

Forward-Looking Statements
All statements in this news release that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future developments, results or periods. TrustCo wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and such forward-looking statements are subject to factors and uncertainties that could cause actual results to differ materially for TrustCo from the views, beliefs and projections expressed in such statements. Examples of these include, but are not limited to: the effects of ongoing inflationary pressures and changes in monetary and fiscal policies and laws, including increases in the Federal funds target rate by, and interest rate policies of, the Federal Reserve Board; changes in and uncertainty related to benchmark interest rates used to price loans and deposits; instability in global economic conditions and geopolitical matters; U.S. government shutdowns, credit rating downgrades, or failure to increase the debt ceiling;; the risks and uncertainties under the heading “Risk Factors” in our most recent annual report on Form 10-K and, if any, in our subsequent quarterly reports on Form 10-Q or other securities filings, including our upcoming annual report on Form 10-K for fiscal 2024; the other financial, operational and legal risks and uncertainties detailed from time to time in TrustCo’s cautionary statements contained in its filings with the Securities and Exchange Commission; and the effect of all of such items on our operations, liquidity and capital position, and on the financial condition of our borrowers and other customers. The forward-looking statements contained in this news release represent TrustCo management’s judgment as of the date of this news release. TrustCo disclaims, however, any intent or obligation to update forward-looking statements, either as a result of future developments, new information or otherwise, except as may be required by law.

Subsidiary: Trustco Bank

Contact:	Robert M. Leonard
	Executive Vice President
	(518) 381-3693

The MIL Network –

May 22, 2025

MIL-OSI: Raj Judge Joins Zscaler’s Board of Directors and as EVP of Corporate Strategy & Ventures

Source: GlobeNewswire (MIL-OSI)

SAN JOSE, Calif., May 21, 2025 (GLOBE NEWSWIRE) — Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, is pleased to announce that Raj Judge has been appointed to the company’s Board of Directors and joined as Executive Vice President of Corporate Strategy and Ventures. In this role, Judge will lead the company’s growth strategy, business development, and venture investment initiatives to drive Zscaler to $5 billion in ARR and beyond.

Judge brings over 25 years of experience in the tech legal and venture capital space, having previously served at Wilson Sonsini as Senior Partner and Co-Chair of the firm’s core practice, Emerging Companies and Venture Capital. Throughout his career, he has been instrumental in driving strategic growth, identifying emerging market opportunities, and creating solutions that have led to significant business growth for his clients.

“Raj’s deep expertise in corporate strategy and investment, combined with his track record of success, makes him the ideal leader to drive Zscaler’s growth and innovation agenda,” said Jay Chaudhry, Chairman and CEO of Zscaler. “We are excited to welcome Raj to our leadership team and we look forward to the impact he will have on shaping the future of our company.”

Judge will be responsible for key growth and investment opportunities as well as forging strategic initiatives. He will work closely with internal and external stakeholders to accelerate innovation and substantially broaden the company’s platform for Zscaler’s customers. The appointment of Judge to the Board further demonstrates the company’s dedication to advancing its corporate strategy and long-term vision.

“I am excited to join Zscaler at such a pivotal time in its growth journey,” said Raj. “I look forward to bringing my experience and strategic skills to drive new initiatives and investments that will accelerate its continued success.”

Forward-Looking Statements
This press release contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to our management. These forward-looking statements include the potential impact of the executive appointment to Zscaler’s future strategic investments and our ability to grow and scale. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. A significant number of factors could cause actual results to differ materially from statements made in this press release. Additional risks and uncertainties are set forth in our most recent Annual Report on Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on May 29, 2025, which is available on our website at ir.zscaler.com and on the SEC’s website at www.sec.gov. Any forward-looking statements in this release are based on the limited information currently available to Zscaler as of the date hereof, which is subject to change, and Zscaler will not necessarily update the information, even if new information becomes available in the future.

About Zscaler
Zscaler (NASDAQ: ZS) accelerates digital transformation so customers can be more agile, efficient, resilient, and secure. The Zscaler Zero Trust Exchange protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications in any location. Distributed across more than 150 data centers globally, the SASE-based Zero Trust Exchange is the world’s largest in-line cloud security platform.

Zscaler™, Zscaler Zero Trust Exchange™, Zscaler Internet Access™, and Zscaler Private Access™, ZIA™, and ZPA™ and Zscaler B2B™ are either (i) registered trademarks or service marks or (ii) trademarks or service marks of Zscaler, Inc. in the United States and/or other countries. Any other trademarks are the properties of their respective owners.

Media Contact
Pavel Radda
press@zscaler.com

Investor Relations Contact
Ashwin Kesireddy
ir@zscaler.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/96cf5114-9019-4fa0-abd7-c9d7346123a6