Category: GlobeNewswire

MIL-OSI: Rapid7 Announces Fourth Quarter and Full-Year 2024 Financial Results

Source: GlobeNewswire (MIL-OSI)

Annualized recurring revenue (“ARR”) of $840 million, an increase of 4% year-over-year
Full-year revenue of $844 million, up 9% year-over-year; Product subscriptions revenue of $809 million, up 9% year-over-year
Full-year GAAP operating income of $35 million; Full-year non-GAAP operating income of $164 million
Full-year net cash provided by operating activities of $172 million; Free cash flow of $154 million

BOSTON, Feb. 12, 2025 (GLOBE NEWSWIRE) — Rapid7, Inc. (Nasdaq: RPD), a leader in extended risk and threat detection, today announced its financial results for the fourth quarter and full-year 2024.

“As we reflect on 2024, I’m proud of the progress we made to position Rapid7 for long-term growth and success. We achieved $840 million in ARR and delivered over $150 million in free cash flow, while advancing our strategic priorities to innovate, scale, and empower our customers to consolidate and secure their operations more effectively. Continued momentum in Managed Detection and Response and the launch of our Exposure Command platform have further strengthened our ability to deliver measurable value for customers,” said Corey Thomas, Chairman and CEO of Rapid7.

“As we move through 2025, our focus remains on accelerating growth, deepening customer engagement, and driving innovation to solidify Rapid7 as the security operations platform of choice for organizations worldwide.”

Fourth Quarter 2024 Financial Results and Other Metrics

	As of December 31,
		2024		2023	% Change
	(dollars in thousands)
ARR	$	839,819	$	805,670		4	%
Number of customers		11,727		11,526		2	%
ARR per customer	$	71.6	$	69.9		2	%

	Three Months Ended December 31,									Year Ended December 31,
		2024			2023		% Change				2024			2023		% Change
	(in thousands, except per share data)
Product subscriptions revenue	$	206,328		$	194,819			6	%	$	808,906		$	740,168			9	%
Professional services revenue		9,933			10,449			(5	%)		35,101			37,539			(6	)%
Total revenue	$	216,261		$	205,268			5	%	$	844,007		$	777,707			9	%

North America revenue	$	163,014		$	158,695			3	%	$	643,405		$	607,448			6	%
Rest of world revenue		53,247			46,573			14	%		200,602			170,259			18	%
Total revenue	$	216,261		$	205,268			5	%	$	844,007		$	777,707			9	%

GAAP gross profit	$	150,369		$	145,442					$	592,972		$	545,661
GAAP gross margin		70	%		71	%					70	%		70	%
Non-GAAP gross profit	$	157,902		$	152,265					$	622,343		$	575,052
Non-GAAP gross margin		73	%		74	%					74	%		74	%

GAAP income (loss) from operations	$	7,279		$	10,000					$	35,035		$	(84,288	)
GAAP operating margin		3	%		5	%					4	%		(11	)%
Non-GAAP income from operations	$	39,995		$	41,498					$	163,508		$	102,221
Non-GAAP operating margin		18	%		20	%					19	%		13	%

GAAP net income (loss)	$	2,172		$	19,116					$	25,526		$	(152,815	)
GAAP net income (loss) per share, basic	$	0.03			0.31					$	0.41		$	(2.52	)
GAAP net income (loss) per share, diluted	$	0.03		$	0.26					$	0.40		$	(2.52	)
Non-GAAP net income	$	34,342		$	51,691					$	163,138		$	107,232
Non-GAAP net income per share:
Basic	$	0.54		$	0.84					$	2.61		$	1.76
Diluted	$	0.48		$	0.72					$	2.28		$	1.52

Adjusted EBITDA	$	46,310		$	47,819					$	188,450		$	126,661

Net cash provided by operating activities	$	63,773		$	63,466					$	171,670		$	104,278
Free cash flow	$	58,842		$	60,254					$	154,083		$	84,034

For additional details on the reconciliation of non-GAAP measures and certain other business metrics to their nearest comparable GAAP measures, please refer to the accompanying financial data tables included in this press release. Certain prior periods reflect immaterial corrections. See Exhibit 1 for additional information.

Recent Business Highlights

In November, Rapid7 won “Security Vendor of the Year” at the CRN Channel Awards 2024. The award is one of the oldest and most prestigious in the UK IT channel, and acknowledges Rapid7’s overall contribution to business development within the channel.
In November, Rapid7’s Managed Extended Detection & Response added coverage for Microsoft security telemetry, integrating organizations’ existing Microsoft telemetry into Rapid7’s Command Platform for broader, faster threat detection and remediation, without additional infrastructure or complex integration requirements.
In November, Rapid7 expanded Exposure Command to add support for Amazon Web Services (“AWS”) Resource Control Policies, providing additional visibility, insights, and best practices to guide customers in addressing complex enterprise Identity and Access Management challenges across the modern attack surface.
In December, Rapid7’s Managed Extended Detection & Response added coverage for AWS environments, bringing customers deeper cloud detection and response capabilities by combining cloud native telemetry, AWS security telemetry, and enhanced detections in the Rapid7 Command Platform.
In December, Rapid7 achieved the In Process Designation from the Federal Risk and Authorization Management Program (“FedRAMPⓇ”) for its InsightGovCloud Platform, indicating that Rapid7 is actively working towards authorization and highlighting Rapid7’s continued commitment to partnering with federal agencies to invest in security solutions that enable continuous threat exposure management and enhance the resilience of their organizations.
In January, Rapid7 earned the highest possible score on the Human Rights Campaign Foundation’s 2025 Corporate Equality Index, the nation’s foremost report for measuring corporate policies and practices related to LGBTQ+ workplace equality.

First Quarter and Full-Year 2025 Guidance

Rapid7 anticipates ARR, revenue, non-GAAP income from operations, non-GAAP net income per share and free cash flow to be in the following ranges:

	First Quarter 2025				Full-Year 2025
	(in millions, except per share data)
ARR						$870	to	$890
Year-over-year growth						4%	to	6%
Revenue		$207	to	$209		$860	to	$870
Year-over-year growth		1%	to	2%		2%	to	3%
Non-GAAP income from operations		$23	to	$25		$125	to	$135
Non-GAAP net income per share		$0.33	to	$0.36		$1.72	to	$1.85
Weighted average shares outstanding		75.6				77.3
Free cash flow					Approximately $135 million

The guidance provided above is forward-looking in nature. Actual results may differ materially. See the cautionary note regarding “Forward-Looking Statements” below. Guidance for the first quarter and full-year 2025 does not include any potential impact of foreign exchange gains or losses. The guidance provided above is based on a number of assumptions, estimates and expectations as of the date of this press release and, while presented with numerical specificity, this guidance is inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond Rapid7’s control and are based upon specific assumptions with respect to future business decisions or economic conditions, some of which may change. Rapid7 undertakes no obligation to update guidance after this date.

Non-GAAP guidance excludes estimates for stock-based compensation expense, amortization of acquired intangible assets, amortization of debt issuance costs, and certain other items such as acquisition-related expenses, impairment of long-lived assets, restructuring expense, induced conversion expense, change in the fair value of derivative assets, litigation-related expenses and discrete tax items. Rapid7 has provided a reconciliation of each non-GAAP guidance measure to the most comparable GAAP measures in the financial statement tables included in this press release. The reconciliation does not reflect any items that are unknown at this time, including, but not limited to, non-ordinary course litigation-related expenses, which we are not able to predict without unreasonable effort due to their inherent uncertainty.

Conference Call and Webcast Information

Rapid7 will host a conference call today, February 12, 2025, to discuss its results at 4:30 p.m. Eastern Time. The call will be accessible by telephone at 888-330-2384 (domestic) or +1 240-789-2701 (international) with the event code 8484206. The call will also be available live via webcast on Rapid7’s website at https://investors.rapid7.com. A webcast replay of the conference call will be available at https://investors.rapid7.com.

About Rapid7

Rapid7 (Nasdaq: RPD) is on a mission to create a safer digital world by making cybersecurity simpler and more accessible. We empower security professionals to manage a modern attack surface through our best-in-class technology, leading-edge research, and broad, strategic expertise. Rapid7’s comprehensive security solutions help more than 11,000 global customers unite cloud risk management and threat detection to reduce attack surfaces and eliminate threats with speed and precision. For more information, visit our website, check out our blog, or follow us on LinkedIn or Twitter.

Non-GAAP Financial Measures and Other Metrics

To supplement our consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States (“GAAP”), we provide investors with certain non-GAAP financial measures and other metrics, which we believe are helpful to our investors. We use these non-GAAP financial measures and other metrics for financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons. We also use certain non-GAAP financial measures as performance measures under our executive bonus plan. We believe that these non-GAAP financial measures and other metrics provide useful information about our operating results, enhance the overall understanding of past financial performance and future prospects and allow for greater transparency with respect to metrics used by our management in its financial and operational decision-making.

While our non-GAAP financial measures are an important tool for financial and operational decision-making and for evaluating our own operating results over different periods of time, you should review the reconciliation of our non-GAAP financial measures to the comparable GAAP financial measures included below, and not rely on any single financial measure to evaluate our business.

Non-GAAP Financial Measures

We disclose the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP income from operations, non-GAAP net income, non-GAAP net income per share, adjusted EBITDA and free cash flow. We also disclose non-GAAP gross margin and non-GAAP operating margin derived from these financial measures.

We define non-GAAP gross profit, non-GAAP income from operations, non-GAAP net income and non-GAAP net income per share as the respective GAAP balances excluding the effect of stock-based compensation expense, amortization of acquired intangible assets, amortization of debt issuance costs and certain other items such as acquisition-related expenses, impairment of long-lived assets, change in the fair value of derivative assets, restructuring expense, induced conversion expense and discrete tax items. Non-GAAP net income per basic and diluted share is calculated as non-GAAP net income divided by the weighted average shares used to compute net income per share, with the number of weighted average shares decreased, when applicable, to reflect the anti-dilutive impact of the capped call transactions entered into in connection with our convertible senior notes.

We believe these non-GAAP financial measures are useful to investors in assessing our operating performance due to the following factors:

Stock-based compensation expense. We exclude stock-based compensation expense because of varying available valuation methodologies, subjective assumptions and the variety of equity instruments that can impact our non-cash expense. We believe that providing non-GAAP financial measures that exclude stock-based compensation expense allows for more meaningful comparisons between our operating results from period to period.

Amortization of acquired intangible assets. We believe that excluding the impact of amortization of acquired intangible assets allows for more meaningful comparisons between operating results from period to period as the intangible assets are valued at the time of acquisition and are amortized over several years after the acquisition.

Amortization of debt issuance costs. The expense for the amortization of debt issuance costs related to our convertible senior notes and our former revolving credit facility is a non-cash item, and we believe the exclusion of this interest expense provides a more useful comparison of our operational performance in different periods.

Induced conversion expense. In conjunction with the third quarter of 2023 partial repurchase of our 2.25% convertible senior notes due 2025, we incurred a non-cash induced conversion expense of $53.9 million. We exclude induced conversion expense because this amount is not indicative of the performance of or trends in our business, and neither is comparable to the prior period nor predictive of future results.

Litigation-related expenses. We exclude non-ordinary course litigation expense because we do not consider legal costs and settlement fees incurred in litigation and litigation-related matters of non-ordinary course lawsuits and other disputes to be indicative of our core operating performance. We do not adjust for ordinary course legal expenses, including legal costs and settlement fees resulting from maintaining and enforcing our intellectual property portfolio and license agreements.

Acquisition-related expenses. We exclude acquisition-related expenses, including accretion expense associated with contingent consideration, as costs that are unrelated to the current operations and are neither comparable to the prior period nor predictive of future results.

Change in fair value of derivative assets. The expense for the change in fair value of derivative assets related to our capped calls settlement is a non-cash item and we believe the exclusion of this other income (expense) provides a more useful comparison of our operational performance in different periods.

Impairment of long-lived assets. Impairment of long-lived assets consists of impairment charges allocated to the carrying amount of certain operating right-of-use assets and the associated leasehold improvements when the carrying amounts exceed their respective fair values and we believe the exclusion of the impairment charges provides a more useful comparison of our operational performance in different periods.

Restructuring expense. We exclude non-ordinary course restructuring expenses related to our restructuring plan, that was completed during fiscal year 2024, because we do not believe these charges are indicative of our core operating performance and we believe the exclusion of the restructuring expenses provides a more useful comparison of our performance in different periods.

Discrete tax items. We exclude certain discrete tax items such as income tax expenses or benefits that are not related to ongoing business operations in the current year and adjustments to uncertain tax position reserves as these charges are not indicative of our ongoing operating results, and they are not considered when we are forecasting our future results.

Anti-dilutive impact of capped call transaction. Our capped call transactions are intended to offset potential dilution from the conversion features in our convertible senior notes. Although we cannot reflect the anti-dilutive impact of the capped call transactions under GAAP, we do reflect the anti-dilutive impact of the capped call transactions in non-GAAP net income (loss) per diluted share, when applicable, to provide investors with useful information in evaluating our financial performance on a per share basis.

Adjusted EBITDA. Adjusted EBITDA is a non-GAAP measure that we define as net income (loss) before (1) interest income, (2) interest expense, (3) other (income) expense, net, (4) provision for (benefit from) income taxes, (5) depreciation expense, (6) amortization of intangible assets, (7) stock-based compensation expense, (8) acquisition-related expenses, (9) litigation-related expenses, (10) impairment of long-lived assets and (11) restructuring expense. We believe that the use of adjusted EBITDA is useful to investors and other users of our financial statements in evaluating our operating performance because it provides them with an additional tool to compare business performance across companies and across periods.

Free Cash Flow. Free cash flow is a non-GAAP measure that we define as cash provided by operating activities less purchases of property and equipment and capitalization of internal-use software costs. We consider free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business after necessary capital expenditures.

Our non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in our industry, as other companies in our industry may calculate non-GAAP financial results differently, particularly related to non-recurring, unusual items. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact upon our reported financial results. Further, stock-based compensation expense has been and will continue to be for the foreseeable future a significant recurring expense in our business and an important part of the compensation provided to our employees.

Other Metrics

ARR. ARR is defined as the annual value of all recurring revenue related to contracts in place at the end of the period. ARR should be viewed independently of revenue and deferred revenue as ARR is an operating metric and is not intended to be combined with or replace these items. ARR is not a forecast of future revenue, which can be impacted by contract start and end dates and renewal rates, and does not include revenue reported as professional services revenue in our consolidated statement of operations.

Number of Customers. We define a customer as any entity that has an active Rapid7 recurring revenue contract as of the specified measurement date, excluding InsightOps and Logentries only customers with a contract value of less than $2,400 per year.

ARR per Customer. We define ARR per customer as ARR divided by the number of customers at the end of the period.

Cautionary Language Concerning Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, the statements regarding our financial guidance for the first quarter and full-year 2025, and the assumptions underlying such guidance. Our use of the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements. The events described in our forward-looking statements are subject to a number of risks and uncertainties, assumptions and other factors that could cause actual results and the timing of certain events to differ materially from future results expressed or implied by the forward-looking statements. Risks that could cause or contribute to such differences include, but are not limited to, growing macroeconomic uncertainty, unstable market and economic conditions, fluctuations in our quarterly results, our ability to successfully grow our sales of our cloud-based solutions, including through the shift to a consolidated platform sales approach, effectiveness of our restructuring plan that was completed during fiscal year 2024, failure to meet our publicly announced guidance or other expectations about our business, our ability to sustain our revenue growth rate, the ability of our products and professional services to correctly detect vulnerabilities, renewal of our customer’s subscriptions, competition in the markets in which we operate, market growth, our ability to innovate and manage our growth, our sales cycles, our ability to integrate acquired companies, exposure to greater than anticipated tax liabilities, and our ability to operate in compliance with applicable laws as well as other risks and uncertainties that could affect our business and results described in our filings with the Securities and Exchange Commission (the “SEC”), including our most recent Quarterly Report on Form 10-Q filed with the SEC on November 7, 2024, particularly in the section entitled “Item 1.A Risk Factors,” and in the subsequent reports that we file with the SEC. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those expressed in any forward-looking statements we may make. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.

Investor contact:

Elizabeth Chwalk
Senior Director, Investor Relations
investors@rapid7.com
(617) 865-4277

Press contact:

Alice Randall
Director, Global Corporate Communications
press@rapid7.com
(214) 693-4727

RAPID7, INC. Consolidated Balance Sheets (Unaudited) (in thousands)

	December 31, 2024			December 31, 2023
Assets
Current assets:
Cash and cash equivalents	$	334,686		$	213,629
Short-term investments		187,025			169,544
Accounts receivable, net		168,242			164,862
Deferred contract acquisition and fulfillment costs, current portion		52,134			45,008
Prepaid expenses and other current assets		44,024			41,407
Total current assets		786,111			634,450
Long-term investments		37,274			56,171
Property and equipment, net		32,245			39,642
Operating lease right-of-use assets		48,877			54,693
Deferred contract acquisition and fulfillment costs, non-current portion		73,672			76,601
Goodwill		575,268			536,351
Intangible assets, net		85,719			94,546
Other assets		12,868			12,894
Total assets	$	1,652,034		$	1,505,348
Liabilities and Stockholders’ Equity (Deficit)
Current liabilities:
Accounts payable	$	18,908		$	15,812
Accrued expenses and other current liabilities		88,802			85,025
Convertible senior notes, current portion, net		45,895			—
Operating lease liabilities, current portion		15,493			13,452
Deferred revenue, current portion		461,118			455,503
Total current liabilities		630,216			569,792
Convertible senior notes, non-current portion, net		888,356			929,996
Operating lease liabilities, non-current portion		68,430			81,130
Deferred revenue, non-current portion		27,078			32,577
Other long-term liabilities		20,243			10,032
Total liabilities		1,634,323			1,623,527
Stockholders’ equity (deficit):
Common stock	$	635		$	617
Treasury stock		(4,765	)		(4,765	)
Additional paid-in-capital		1,011,080			898,185
Accumulated other comprehensive (loss) income		(1,205	)		1,344
Accumulated deficit		(988,034	)		(1,013,560	)
Total stockholders’ equity (deficit)		17,711			(118,179	)
Total liabilities and stockholders’ equity (deficit)	$	1,652,034		$	1,505,348

Note: Certain prior periods reflect immaterial corrections. See Exhibit 1 for additional information.

RAPID7, INC. Consolidated Statements of Operations (Unaudited) (in thousands, except share and per share data)

	Three Months Ended December 31,						Year Ended December 31,
		2024			2023			2024			2023
Revenue:
Product subscriptions	$	206,328		$	194,819		$	808,906		$	740,168
Professional services		9,933			10,449			35,101			37,539
Total revenue		216,261			205,268			844,007			777,707
Cost of revenue:
Product subscriptions		58,932			52,369			225,547			203,140
Professional services		6,960			7,457			25,488			28,906
Total cost of revenue		65,892			59,826			251,035			232,046
Total gross profit		150,369			145,442			592,972			545,661
Operating expenses:
Research and development		46,334			40,031			173,126			177,937
Sales and marketing		72,767			73,557			298,809			313,661
General and administrative		23,989			19,623			86,002			85,340
Impairment of long-lived assets		—			—			—			30,784
Restructuring		—			2,231			—			22,227
Total operating expenses		143,090			135,442			557,937			629,949
Income (loss) from operations		7,279			10,000			35,035			(84,288	)
Other income (expense), net:
Interest income		5,551			4,177			21,063			10,177
Interest expense		(2,783	)		(2,695	)		(10,963	)		(64,700	)
Other (expense) income, net		(4,361	)		3,571			(3,680	)		(14,522	)
Income (loss) before income taxes		5,686			15,053			41,455			(153,333	)
Provision for (benefit from) income taxes		3,514			(4,063	)		15,929			(518	)
Net income (loss)	$	2,172		$	19,116		$	25,526		$	(152,815	)
Net income (loss) per share, basic	$	0.03		$	0.31		$	0.41		$	(2.52	)
Net income (loss) per share, diluted (1)	$	0.03		$	0.26		$	0.40		$	(2.52	)
Weighted-average common shares outstanding, basic		63,339,306			61,497,797			62,607,583			60,756,087
Weighted-average common shares outstanding, diluted		63,901,277			73,728,912			63,183,651			60,756,087

(1) We use the if-converted method to compute diluted earnings per share with respect to our convertible senior notes. There was no add-back of interest expense or additional dilutive shares related to the convertible senior notes where the effect was anti-dilutive. On an if-converted basis, for the three months ended December 31, 2024 and the years ended December 31, 2024 and 2023, the 2025, 2027 and 2029 Notes were anti-dilutive. On an if-converted basis, for the three months ended December 31, 2023, the 2027 and 2029 Notes were dilutive and the 2025 Note was anti-dilutive.

Note: Certain prior periods reflect immaterial corrections. See Exhibit 1 for additional information.

RAPID7, INC. Consolidated Statements of Cash Flows (Unaudited) (in thousands)

	Three Months Ended December 31,						Year Ended December 31,
		2024			2023			2024			2023
Cash flows from operating activities:
Net income (loss)	$	2,172		$	19,116		$	25,526		$	(152,815	)
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation and amortization		11,436			11,411			44,893			45,939
Amortization of debt issuance costs		1,122			1,077			4,447			4,138
Stock-based compensation expense		27,412			24,177			107,961			111,636
Deferred income taxes		(1,049	)		(5,624	)		791			(5,624	)
Impairment of long-lived assets		—			—			—			30,784
Change in fair value of derivative assets		—			—			—			15,511
Induced conversion expense		—			—			—			53,889
Other		3,031			(5,157	)		(1,503	)		469
Change in operating assets and liabilities:
Accounts receivable		(27,912	)		(26,449	)		(5,480	)		(14,021	)
Deferred contract acquisition and fulfillment costs		(3,703	)		(9,046	)		(4,196	)		(18,534	)
Prepaid expenses and other assets		(3,257	)		(9,558	)		2,805			(4,125	)
Accounts payable		13,227			6,704			2,777			5,449
Accrued expenses		7,584			20,390			(9,829	)		2,422
Deferred revenue		36,317			36,839			(795	)		30,472
Other liabilities		(2,607	)		(414	)		4,273			(1,312	)
Net cash provided by operating activities		63,773			63,466			171,670			104,278
Cash flows from investing activities:
Business acquisition, net of cash acquired		(103	)		—			(37,301	)		(34,841	)
Purchases of property and equipment		(1,183	)		(367	)		(3,425	)		(4,366	)
Capitalization of internal-use software costs		(3,748	)		(2,845	)		(14,162	)		(15,878	)
Purchases of investments		—			(82,816	)		(242,494	)		(276,829	)
Sales/maturities of investments		58,000			49,750			250,500			150,450
Other investments		—			2,710			360			2,710
Net cash provided by (used in) investing activities		52,966			(33,568	)		(46,522	)		(178,754	)
Cash flows from financing activities:
Proceeds from issuance of convertible senior notes, net of issuance costs paid of $7,909		—			(709	)		—			292,091
Purchase of capped calls related to convertible senior notes		—			—			—			(36,570	)
Payments for repurchase of convertible senior notes		—			—			—			(199,998	)
Payments related to business acquisitions		(500	)		—			(500	)		(2,250	)
Proceeds from capped call settlement		—			—			—			17,518
Taxes paid related to net share settlement of equity awards		(847	)		(1,558	)		(4,730	)		(5,570	)
Proceeds from employee stock purchase plan		—			—			9,246			11,323
Proceeds from stock option exercises		130			69			1,566			3,053
Net cash (used in) provided by financing activities		(1,217	)		(2,198	)		5,582			79,597
Effects of exchange rates on cash, cash equivalents and restricted cash		(3,529	)		3,212			(2,756	)		1,202
Net increase in cash, cash equivalents and restricted cash		111,993			30,912			127,974			6,323
Cash, cash equivalents and restricted cash, beginning of period		230,108			183,215			214,127			207,804
Cash, cash equivalents and restricted cash, end of period	$	342,101		$	214,127		$	342,101		$	214,127

Supplemental cash flow information:
Cash paid for interest on convertible senior notes		518		518		6,358		4,605
Cash paid for income taxes, net of refunds		1,876		459		8,949		1,624
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents		334,686		213,629		334,686		213,629
Restricted cash included in prepaid expenses and other current assets and other assets		7,415		498		7,415		498
Total cash, cash equivalents and restricted cash	$	342,101	$	214,127	$	342,101	$	214,127

Note: Certain prior periods reflect immaterial corrections. See Exhibit 1 for additional information.

RAPID7, INC. GAAP to Non-GAAP Reconciliation (Unaudited) (in thousands, except share and per share data)

	Three Months Ended December 31,						Year Ended December 31,
		2024			2023			2024			2023
GAAP gross profit	$	150,369		$	145,442		$	592,972		$	545,661
Add: Stock-based compensation expense¹		3,109			2,430			12,208			11,005
Add: Amortization of acquired intangible assets²		4,424			4,393			17,163			18,386
Non-GAAP gross profit	$	157,902		$	152,265		$	622,343		$	575,052
Non-GAAP gross margin		73.0	%		74.2	%		73.7	%		73.9	%

GAAP gross profit – Product subscriptions	$	147,396		$	142,450		$	583,359		$	537,028
Add: Stock-based compensation expense		2,576			1,932			10,376			8,439
Add: Amortization of acquired intangible assets		4,424			4,393			17,163			18,386
Non-GAAP gross profit – Product subscriptions	$	154,396		$	148,775		$	610,898		$	563,853
Non-GAAP gross margin – Product subscriptions		74.8	%		76.4	%		75.5	%		76.2	%

GAAP gross profit – Professional services	$	2,973		$	2,992		$	9,613		$	8,633
Add: Stock-based compensation expense		533			498			1,832			2,566
Non-GAAP gross profit – Professional services	$	3,506		$	3,490		$	11,445		$	11,199
Non-GAAP gross margin – Professional services		35.3	%		33.4	%		32.6	%		29.8	%

GAAP income (loss) from operations	$	7,279		$	10,000		$	35,035		$	(84,288	)
Add: Stock-based compensation expense¹		27,412			24,177			107,961			111,636
Add: Amortization of acquired intangible assets²		5,121			5,090			19,951			21,499
Add: Acquisition-related expenses³		183			—			751			363
Add: Impairment of long-lived assets		—			—			—			30,784
Add: Restructuring expense		—			2,231			(190	)		22,227
Non-GAAP income from operations	$	39,995		$	41,498		$	163,508		$	102,221

GAAP net income (loss)	$	2,172		$	19,116		$	25,526		$	(152,815	)
Add: Stock-based compensation expense¹		27,412			24,177			107,961			111,636
Add: Amortization of acquired intangible assets²		5,121			5,090			19,951			21,499
Add: Amortization of debt issuance costs		1,122			1,077			4,447			4,138
Add: Acquisition-related expenses³		183			—			751			363
Add: Impairment of long-lived assets		—			—			—			30,784
Add: Change in fair value of derivative assets		—			—			—			15,511
Add: Restructuring expense⁴		—			2,231			(190	)		22,227
Add: Induced conversion expense		—			—			—			53,889
Add: Discrete tax items⁵		(1,668	)		—			4,692			—
Non-GAAP net income	$	34,342		$	51,691		$	163,138		$	107,232
Add: Interest expense of convertible senior notes⁶		1,571			1,571			6,285			2,667
Numerator for non-GAAP earnings per share, diluted calculation	$	35,913		$	53,262		$	169,423		$	109,899

Weighted average shares used in GAAP earnings per share calculation, basic		63,339,306			61,497,797			62,607,583			60,756,087
Dilutive effect of convertible senior notes⁶		11,183,611			11,183,611			11,183,611			10,429,891

Dilutive effect of employee equity incentive plans⁷		561,971			1,047,504			576,068			916,134
Weighted average shares used in non-GAAP earnings per share calculation, diluted		75,084,888			73,728,912			74,367,262			72,102,112

Non-GAAP net income per share:
Basic	$	0.54		$	0.84		$	2.61		$	1.76
Diluted	$	0.48		$	0.72		$	2.28		$	1.52

¹Includes stock-based compensation expense as follows:
Cost of revenue	$	3,109		$	2,430		$	12,208		$	11,005
Research and development		10,703			7,749			37,566			39,183
Sales and marketing		6,615			6,482			28,718			30,350
General and administrative		6,985			7,516			29,469			31,098

²Includes amortization of acquired intangible assets as follows:
Cost of revenue	$	4,424		$	4,393		$	17,163		$	18,386
Sales and marketing		652			652			2,608			2,608
General and administrative		45			45			180			505

³Includes acquisition-related expenses as follows:
General and administrative	$	183		$	—		$	751		$	363

⁴For the year ended December 31, 2024, restructuring expense was included within general and administrative expense in our consolidated statements of operations.

⁵Includes discrete tax items as follows:
Provision for income taxes	$	(1,668	)	$	—		$	4,692		$	—

⁶We use the if-converted method to compute diluted earnings per share with respect to our convertible senior notes. There was no add-back of interest expense or additional dilutive shares related to the convertible senior notes where the effect was anti-dilutive. Adjustments for interest expense, if applicable, on our convertible senior notes for purposes of calculating non-GAAP earnings per share are done gross of any tax impact. On an if-converted basis, for the three months ended December 31, 2024 and 2023, the 2025, 2027 and 2029 Notes were dilutive. On an if-converted basis, for the year ended December 31, 2024, the 2025, 2027 and 2029 Notes were dilutive. For the year ended December 31, 2023, the 2027 and 2029 Notes were dilutive and the 2025 Notes were anti-dilutive.

⁷We use the treasury method to compute the dilutive effect of employee equity incentive plan awards.

Note: Certain prior periods reflect immaterial corrections. See Exhibit 1 for additional information.

RAPID7, INC. Reconciliation of Net Income (Loss) to Adjusted EBITDA (Unaudited) (in thousands)

	Three Months Ended December 31,						Year Ended December 31,
		2024			2023			2024			2023
GAAP net income (loss)	$	2,172		$	19,116		$	25,526		$	(152,815	)
Interest income		(5,551	)		(4,177	)		(21,063	)		(10,177	)
Interest expense		2,783			2,695			10,963			64,700
Other (income) expense, net		4,361			(3,571	)		3,680			14,522
Provision for (benefit from) income taxes		3,514			(4,063	)		15,929			(518	)
Depreciation expense		2,658			3,118			11,059			14,047
Amortization of intangible assets		8,778			8,293			33,834			31,892
Stock-based compensation expense		27,412			24,177			107,961			111,636
Acquisition-related expenses		183			—			751			363
Impairment of long-lived assets		—			—			—			30,784
Restructuring expense		—			2,231			(190	)		22,227
Adjusted EBITDA	$	46,310		$	47,819		$	188,450		$	126,661

Note: Certain prior period reflect immaterial corrections. See Exhibit 1 for additional information.

RAPID7, INC. Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow (Unaudited) (in thousands)

	Three Months Ended December 31,						Year Ended December 31,
		2024			2023			2024			2023
Net cash provided by operating activities	$	63,773		$	63,466		$	171,670		$	104,278
Less: Purchases of property and equipment		(1,183	)		(367	)		(3,425	)		(4,366	)
Less: Capitalized internal-use software costs		(3,748	)		(2,845	)		(14,162	)		(15,878	)
Free cash flow	$	58,842		$	60,254		$	154,083		$	84,034

First Quarter and Full-Year 2025 Guidance GAAP to Non-GAAP Reconciliation (in millions, except per share data)

	First Quarter 2025							Full-Year 2025
Reconciliation of GAAP income from operations to non-GAAP income from operations:
Anticipated GAAP loss from operations	$	(10	)	to	$	(8	)	$	(13	)	to	$	(3	)
Add: Anticipated stock-based compensation expense		28		to		28			118		to		118
Add: Anticipated amortization of acquired intangible assets		5		to		5			20		to		20
Anticipated non-GAAP income from operations	$	23		to	$	25		$	125		to	$	135

Reconciliation of GAAP net income to non-GAAP net income:
Anticipated GAAP net loss	$	(11	)	to	$	(9	)	$	(15	)	to	$	(5	)
Add: Anticipated stock-based compensation expense		28		to		28			118		to		118
Add: Anticipated amortization of acquired intangible assets		5		to		5			20		to		20
Add: Anticipated amortization of debt issuance costs		1		to		1			4		to		4
Anticipated non-GAAP net income	$	23		to	$	25		$	127		to	$	137
Add: Anticipated interest expense on convertible senior notes		2		to		2			6		to		6
Numerator for non-GAAP earnings per share calculation	$	25		to	$	27		$	133		to	$	143

Anticipated GAAP net loss per share, diluted	$	(0.15	)		$	(0.12	)	$	(0.19	)		$	(0.06	)
Anticipated non-GAAP net income per share, diluted	$	0.33			$	0.36		$	1.72			$	1.85

Weighted average shares used in earnings per share calculation, diluted		75.6							77.3

The reconciliation does not reflect any items that are unknown at this time, including, but not limited to, non-ordinary course litigation-related expenses, which we are not able to predict without unreasonable effort due to their inherent uncertainty. As a result, the estimates shown for Anticipated GAAP loss from operations, Anticipated GAAP net loss and Anticipated GAAP net loss per share are expected to change.

	Full-Year 2025
Reconciliation of net cash provided by operating activities to free cash flow:
Anticipated net cash provided by operating activities	$	153
Less: Anticipated purchases of property and equipment		(3	)
Less: Anticipated capitalized internal-use software costs		(15	)
Anticipated free cash flow	$	135

Exhibit 1 – Immaterial Correction of an Error

During the fourth quarter of 2024, we identified an immaterial error related to stock-based compensation expense associated with certain restricted stock units (“RSUs”) and performance stock units (“PSUs”) granted during fiscal years 2023 and 2024 that resulted in an understatement of stock-based compensation expense in fiscal year 2023 and the year-to-date period ended September 30, 2024. We have concluded that our previously issued financial statements were not materially misstated as a result of this error and have corrected the error in these prior periods. The correction of this error resulted in (i) an increase in additional paid-in capital and a corresponding increase to accumulated deficit as of December 31, 2023 of approximately $3.6 million and (ii) an increase in additional paid-in capital and a corresponding increase to accumulated deficit as of September 30, 2024 of approximately $7.2 million. There was no change to net cash provided by operating activities, net cash used in investing activities and net cash provided by financing activities in our consolidated statements of cash flows for the year ended December 31, 2023 and the year-to-date period ended September 30, 2024. Additionally, there was no change to our ARR, revenue, non-GAAP net income (loss) from operations, non-GAAP net income (loss) or free cash flow.

The following table sets forth the effect of the immaterial error correction to certain line items of our consolidated statements of operations for (i) the three months ended December 31, 2023, (ii) the fiscal year ended December 31, 2023, and (iii) the three months ended March 31, 2024, June 30, 2024 and September 30, 2024, respectively:

	Three Months Ended			Year Ended			Three Months Ended
	December 31, 2023						March 31, 2024			June 30, 2024			September 30, 2024
	Adjustment			Adjustment			Adjustment			Adjustment			Adjustment
	(in thousands, except for per share amounts)
Consolidated Statement of Operations:
Cost of revenue – product subscriptions	$	62		$	236		$	79		$	125		$	121
Cost of revenue – professional services	$	16		$	69		$	12		$	19		$	19
Research and development expense	$	302		$	1,161		$	378		$	392		$	411
Sales and marketing expense	$	243		$	1,025		$	290		$	331		$	300
General and administrative expense	$	309		$	1,064		$	93		$	790		$	293
Net income (loss)	$	(932	)	$	(3,555	)	$	(852	)	$	(1,657	)	$	(1,144	)
Net income (loss) per share, basic	$	(0.02	)	$	(0.06	)	$	(0.02	)	$	(0.03	)	$	(0.02	)
Net income (loss) per share, diluted	$	(0.01	)	$	(0.06	)	$	(0.01	)	$	(0.02	)	$	(0.01	)

The MIL Network –

February 13, 2025

MIL-OSI: MARA Schedules Conference Call for Fourth Quarter and Fiscal Year 2024 Financial Results

Source: GlobeNewswire (MIL-OSI)

Earnings Webcast and Conference Call Set for Wednesday, February 26, 2025 at 5:00 p.m. ET

Fort Lauderdale, FL , Feb. 12, 2025 (GLOBE NEWSWIRE) — MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, will hold a webcast and conference call on Wednesday, February 26, 2025 at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and fiscal year ended December 31, 2024. Financial results will be published in a shareholder letter prior to the call and available on the investor relations section of the Company’s website.

To register to participate in the conference call or to listen to the live audio webcast, please use this link. The webcast will also be broadcast live and available for replay via the investor relations section of the Company’s website.

Verified retail and institutional shareholders will be able to submit and upvote questions ahead of the earnings call. A selection of these questions may be addressed by MARA’s management team during the earnings call. The Q&A platform will open on February 19 at 9:00 a.m. Eastern time and close on February 25 at 9:00 a.m. Eastern time. To submit questions, please use this link.

Earnings Webcast and Conference Call Details
Date: Wednesday, February 26, 2025
Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
Registration link: LINK

If you have any difficulty connecting with the conference call, please contact MARA’s investor relations team at ir@mara.com.

About MARA
MARA (NASDAQ:MARA) is a global leader in digital asset compute that develops and deploys innovative technologies to build a more sustainable and inclusive future. MARA secures the world’s preeminent blockchain ledger and supports the energy transformation by converting clean, stranded, or otherwise underutilized energy into economic value.

For more information, visit www.mara.com, or follow us on:

Twitter: @MARAHoldings
LinkedIn: www.linkedin.com/company/maraholdings
Facebook: www.facebook.com/MARAHoldings
Instagram: @maraholdingsinc

MARA Company Contact:
Telephone: 800-804-1690
Email: ir@mara.com

MARA Media Contact:

Email: marathon@wachsman.com

The MIL Network –

February 13, 2025
MIL-OSI: ARKO to Report Fourth Quarter and Full Year 2024 Financial Results on February 26, 2025

Source: GlobeNewswire (MIL-OSI)

RICHMOND, Va., Feb. 12, 2025 (GLOBE NEWSWIRE) — ARKO Corp. (Nasdaq: ARKO) (the “Company”) a Fortune 500 company and one of the largest convenience store operators in the United States, today announced that the Company will host a conference call on Wednesday, February 26, 2025 at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2024.

ARKO Corp.’s management team will host the conference call, followed by a question-and-answer period. The Company will provide its financial results in a press release prior to the call.

Date: Wednesday, February 26, 2025
Time: 5:00 p.m. Eastern time
Toll-free dial-in number: (877) 605-1792
International dial-in number: (201) 689-8728
Webcast: ARKO’s Q4 and Full Year 2024 Earnings Call

A telephonic replay will be available approximately three hours after the call concludes through Friday, March 28, 2025.

Toll-free replay number: (877) 660-6853
International replay number: (201) 612-7415
Replay ID: 13751014

A link to the live webcast and replay will also be available at https://www.arkocorp.com/news-events/ir-calendar. We encourage all participants to register at least 15 minutes prior to the 5:00 p.m. ET start time. If you have any difficulty registering or connecting with the conference call, please contact Elevate IR at (720) 330-2829.

About ARKO Corp.

ARKO Corp. (Nasdaq: ARKO) is a Fortune 500 company that owns 100% of GPM Investments, LLC and is one of the largest operators of convenience stores and wholesalers of fuel in the United States. Based in Richmond, VA, our highly recognizable family of community brands offers delicious, prepared foods, beer, snacks, candy, hot and cold beverages, and multiple popular quick serve restaurant brands. Our high value fas REWARDS^® loyalty program offers exclusive savings on merchandise and gas. We operate in four reportable segments: retail, which includes convenience stores selling merchandise and fuel products to retail customers; wholesale, which supplies fuel to independent dealers and consignment agents; fleet fueling, which includes the operation of proprietary and third-party cardlock locations and issuance of proprietary fuel cards that provide customers access to a nationwide network of fueling sites; and GPM Petroleum, which sells and supplies fuel to our retail and wholesale sites and charges a fixed fee, primarily to our fleet fueling sites. To learn more about GPM stores, visit: www.gpminvestments.com. To learn more about ARKO, visit: www.arkocorp.com.

Company Contact
Jordan Mann
ARKO Corp.
investors@gpminvestments.com

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

The MIL Network –

February 13, 2025
MIL-OSI: Arbor Realty Trust Schedules Fourth Quarter 2024 Earnings Conference Call

Source: GlobeNewswire (MIL-OSI)

UNIONDALE, N.Y., Feb. 12, 2025 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (NYSE: ABR), today announced that it is scheduled to release fourth quarter 2024 financial results before the market opens on Friday, February 21, 2025. The Company will host a conference call to review the results at 10:00 a.m. Eastern Time on February 21, 2025.

A live webcast and replay of the conference call will be available at www.arbor.com in the investor relations section of the Company’s website. Those without web access should access the call telephonically at least ten minutes prior to the conference call. The dial-in numbers are (800) 579-2543 for domestic callers and (785) 424-1789 for international callers. Please use participant passcode ABRQ424 when prompted by the operator.

A telephonic replay of the call will be available until February 28, 2025. The replay dial-in numbers are (800) 839-0866 for domestic callers and (402) 220-0662 for international callers.

About Arbor Realty Trust, Inc.

Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® lender, Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, mezzanine, and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality, and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.

Contact:
Arbor Realty Trust, Inc.
Investor Relations
516-506-4200
InvestorRelations@arbor.com

The MIL Network –

February 13, 2025
MIL-OSI: LITSLINK releases guide on how to build an AI assistant
Source: GlobeNewswire (MIL-OSI)

PALO ALTO, Calif., Feb. 12, 2025 (GLOBE NEWSWIRE) — As a leading software development company, LITSLINK has the skills and knowledge necessary for growing robust and scalable AI solutions. The company guides clients through every step of AI development, from ideation to deployment, with their team of skilled professionals.

LITSLINK has extensive experience in delivering customized AI assistants and provides organizations with tools to automate repetitive tasks, enhance customer engagement, and achieve operational excellence.

Why Build an AI Assistant?

From automating daily business routines to providing real-time customer assistance, implementing AI assistants can save huge operational costs while improving process efficiency. According to a report by Gartner, 80% of enterprises will adopt Generative AI APIs by 2026. LITSLINK has been enabling businesses to stay competitive by offering end-to-end AI assistant development services.

According to a report by Grand View Research, the worldwide AI market is expected to witness a CAGR of 37.3% from 2023 to 2030. Innovation in industries such as retail, healthcare, finance, logistics, etc., is unlocking the benefits of AI-infused solutions, which is driving this growth to the next level.

For businesses, the benefits of AI assistants are clear:
- Improved Efficiency: Allow automation of processes that free human resources to more critical jobs.
- Enhanced Customer Experience: Offer round-the-clock availability, immediate feedback, and tailored communications.
- Cost Savings: Save on operational costs with reduced manual labor and errors.
- Data-Driven Insights: Use AI algorithms to uncover rates, trends, and hones in data.
And LITSLINK has been leading this AI revolution by covering all these benefits through custom AI assistant development for businesses.

LITSLINK’s Expertise in AI Development

Creating an AI assistant is a huge challenge that demands proficiency in skills such as AI technologies, programming software, and user experience design. Seasoned developers, data scientists, and AI specialists at LITSLINK work with clients to build AI assistants that are functional and also business-oriented.

Here is a breakdown of how LITSLINK tackles AI assistant development:

1. Discovery and Strategy

A successful AI assistant always starts with a business question. LITSLINK specialists work closely with clients to analyze top use cases, set goals, and build a strategic roadmap.
- Key Questions: What issues are you trying to address? Who is your target audience? What features must be included?
- Outcome: An extensive project plan consisting of the scope along with the timeline and deliverables.
2. Custom Design and Development

Once the strategy is developed, LITSLINK’s team gets down to designing and developing the AI assistant. This phase involves:
- Natural Language Processing (NLP): Allowing the assistant to comprehend and respond in human language.
- Machine Learning (ML): Training the assistant to enhance its accuracy and performance over time.
- User Experience (UX) Design: Making sure the assistant provides a good experience to users. It should be well-designed, up-to-date, and aligned with the brand’s personality.
Be it a chatbot for customer service, a voice-activated assistant for internal operations, or a hybrid solution, LITSLINK uses advanced technologies to create AI assistants, providing seamless, human-like interactions.

3. Integration and Deployment

For an AI assistant to be productive, it has to flow through existing systems. LITSLINK makes sure that the assistant integrates seamlessly into the customer’s CRM, ERP, or other systems, giving a consistent experience to both employees and end users.
- APIs and SDKs: For smooth integration with third-party tools
- Cloud Deployment: To ensure scalability and accessibility.
4. Testing and Optimization

LITSLINK tests the AI assistant before launching to align it with performance standards. This includes:
- Functional Testing: Ensuring all the functionality works as intended.
- User Testing: Gathering feedback from real users to identify areas for improvement.
- Performance Optimization: Improving speed, accuracy, and responsiveness.
After the launch, LITSLINK tracks and improves the assistant, making sure it aligns with business needs and technological advancements.

5. Scalability and Support

As businesses grow, so must their AI assistants. LITSLINK architects AI solutions that accommodate growing demand and adapt to new needs. Furthermore, the company offers constant training so that the assistant is constantly updated on new AI technology.

Technological Stack and Innovations

LITSLINK leverages advanced technologies, such as:
- Natural Language Processing (NLP): Enables the AI assistant to comprehend and answer user questions.
- Machine Learning (ML): Continuously improves performance improvement based on empirical data.
- Cloud Integration: Guarantees scalability and reliability.
Applications of AI Assistants

LITSLINK helps numerous businesses across industries leverage the power of AI assistants. Now, let’s explore how the tools can assist in specific areas.
- By leveraging an AI chatbot, retail companies can address 80% of customer queries and can shorten the response time by over 50%.
- A voice-activated assistant adopted by a healthcare provider can ease appointment scheduling, freeing up staff time hours each week.
- A logistics company can take delivery times down by 20% as a result of adding an assistant dedicated to route planning.
“I think the options are endless,” said Sergey Antonyuk, Chief Executive Officer at LITSLINK. “What’s really exciting is that we’re just starting to scratch the surface of what we can do with AI. Our research suggests businesses investing in this technology today will be the future market leaders.”

Get Started with LITSLINK

Are you ready to take your business to the next level with an AI assistant? So join LITSLINK and become one of the companies driving their business with smart technology solutions.

About LITSLINK

LITSLINK is a leading software development company that focuses on the latest technologies, including AI, mobile and web development, and cloud solutions. Founded in 2014, we enable startups, SMBs, and enterprises to convert initial ideas into innovative digital products. We are a hub for businesses looking for high-quality, scalable tech solutions and are focused on providing extraordinary user experiences.

The MIL Network –
February 13, 2025
MIL-OSI: Nokia Corporation: Repurchase of own shares on 12.02.2025
Source: GlobeNewswire (MIL-OSI)

Nokia Corporation
Stock Exchange Release
12 February 2025 at 22:30 EET

Nokia Corporation: Repurchase of own shares on 12.02.2025

Espoo, Finland – On 12 February 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*

XHEL 1,334,463 4.74

CEUX – –

BATE – –

AQEU – –

TQEX – –

Total 1,334,463 4.74

* Rounded to two decimals

On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.

Total cost of transactions executed on 12 February 2025 was EUR 6,328,290. After the disclosed transactions, Nokia Corporation holds 246,429,217 treasury shares.

Details of transactions are included as an appendix to this announcement.

On behalf of Nokia Corporation

BofA Securities Europe SA

About Nokia
At Nokia, we create technology that helps the world act together.

As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs which is celebrating 100 years of innovation.

With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

Inquiries:

Nokia Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com
Maria Vaismaa, Global Head of External Communications

Nokia Investor Relations
Phone: +358 931 580 507
Email: investor.relations@nokia.com

Attachment
- Daily Report 2025-02-12
The MIL Network –
February 13, 2025
MIL-OSI: Clearcover Launches Reciprocal Insurance Exchange to Expand Non-Standard Auto Business
Source: GlobeNewswire (MIL-OSI)

CHICAGO, Feb. 12, 2025 (GLOBE NEWSWIRE) — Clearcover, a next-generation insurance company, announces the launch of Clearcover Inter-Insurance Exchange (CIX), a reciprocal exchange designed to extend the company’s reach into the non-standard auto market.

CIX represents a groundbreaking step in Clearcover’s strategy to enhance profitability, drive growth, and redefine the auto insurance experience. Initially launching in Illinois, the exchange is set to scale its operations to additional markets in the near future.

“Launching CIX marks a turning point as we continue to redefine auto insurance,” said Clearcover CEO and Co-founder Kyle Nakatsuji. “By broadening our market focus and harnessing our tech-driven platform, we’re empowering more customers and agents while delivering unmatched efficiency and competitive pricing.”

The company recently began expanding its appetite to provide insurance solutions to a broader range of customers in Texas through Clearcover General Agency (CGA). Together, these initiatives highlight Clearcover’s drive to create flexible, customer-centric offerings that align with evolving market needs.

Key Benefits Include:

1. Expanded Reach
- Agents can serve a broader range of customers, including those with inconsistent insurance histories, foreign licenses, or fewer than three years of driving experience.
2. Maximized Earnings
- Competitive commission structures enable agents to grow their sales pipelines by connecting more drivers to affordable and personalized insurance solutions.
3. Advanced Technology
- AI-powered tools are designed to empower customers with seamless self-service capabilities and streamline agent workflows.
Delivering Value Through Subscriber Participation

CIX is structured as a reciprocal exchange, providing enhanced value to its policyholders, known as ‘subscribers.’ As a reciprocal exchange, subscribers participate in forming and owning part of CIX, which in turn may keep premiums lower as member contributions accrue and offset operating expenses.

A Strategic Path to Sustainable Growth

With the launch of CIX and the Texas-based MGA, Clearcover unlocks new revenue streams while strengthening its commitment to innovation in a competitive and evolving industry.

For more information about Clearcover, visit Clearcover.com.

About Clearcover
Clearcover is a next-generation insurance company that provides customers with market-leading technology solutions needed to confidently make smart decisions at every step. Clearcover challenges the status quo with hassle-free products and services that redefine what it means to put the customer first, delivering affordable car insurance with one of the industry’s fastest claims experiences. Founded in 2016 by Kyle Nakatsuji and Derek Brigham, Clearcover includes: Clearcover Insurance Company, Clearcover Insurance Agency and Clearcover General Agency. In 2025, Clearcover began operating a reciprocal exchange, Clearcover Inter-Insurance Exchange (“CIX”). Ranked on the Inc. 5000 Fastest Growing Privately Held Companies list and the Deloitte Technology Fast 500™ list, Clearcover has raised more than $560 million in funding to date. The company was featured on Insurance Business America’s 2024 Top Insurance Employers list, CNBC’s 2024 World’s Top Insurtech Companies and Forbes’ 2025 America’s Best Insurance Companies. For more information, visit Clearcover.com.

The MIL Network –
February 13, 2025
MIL-OSI: Solodev Unveils Keycloak Serverless and Managed Keycloak: Simplifying Secure Identity in the Cloud

Source: GlobeNewswire (MIL-OSI)

ST. PETERSBURG, Fla., Feb. 12, 2025 (GLOBE NEWSWIRE) — Solodev, the cloud platform for developers, is redefining identity management with the launch of Keycloak Serverless and Managed Keycloak—two powerful cloud-based solutions designed to help businesses scale authentication and access security with greater ease and flexibility. Keycloak Serverless is powered by an advanced cloud architecture and deployed on AWS, the world’s most trusted cloud provider. Both services are managed by Solodev and are available now in the AWS Marketplace.

Moving to a Passwordless World
Identity and access management (IAM) is one of the top cybersecurity concerns today. Research shows that up to 30% of data breaches at organizations are caused by individual users sharing and reusing passwords—and data breaches are estimated to cost an average of $4 million per incident.

As organizations navigate the growing complexities of securing digital identities across cloud environments, traditional authentication models can be resource-intensive, and enterprise platforms like Okta are simply too expensive for most organizations to adopt. Solodev is tackling this challenge head-on by introducing serverless and fully managed options for Keycloak—the leading open-source single sign-on (SSO) and IAM solution for modern applications and services.

Keycloak simplifies SSO. Rather than handling authentication separately for each app, users log in once through Keycloak, reducing the need for custom authentication mechanisms in individual apps. Keycloak also supports user federation like LDAP and Active Directory, allowing you to sync from external sources and eliminate the burden of user management. Keycloak also supports widely used authentication protocols like OAuth 2.0, OpenID Connect, and SAML 2.0 to enable secure access and authorization flows, including multi-factor authentication (MFA) and Passkeys for passwordless strategies.

Introducing Keycloak Serverless: Fast, Scalable, and Cost-Efficient IAM
With Keycloak Serverless, businesses can now deploy Keycloak on-demand without managing infrastructure. Solodev’s unique serverless approach eliminates the need for manual setup, allowing teams to scale authentication dynamically while reducing costs. Supported by Solodev and its U.S.-based resources, Keycloak Serverless is a frictionless launchpad for connecting your customer portals or internal applications via SSO on the AWS global infrastructure at any scale.

Managed Keycloak: Enterprise-Grade SSO Without the Overhead
For organizations that require a hands-free identity solution, Managed Keycloak offers a fully supported, enterprise-ready deployment. This allows businesses to focus on growth while Solodev handles the heavy lifting of IAM management. With Managed Keycloak, experienced engineers provide the setup and configuration of your Keycloak Serverless instance, including 24/7 monitoring, automated updates, and compliance-driven security configurations. You also get a uniquely branded SSO interface that aligns with your visual presentation and provides a seamless gateway to all your websites and applications.

Simplifying Identity Across Industries
Businesses rely on a growing ecosystem of cloud applications, from digital marketing to payment processing. Solodev’s Keycloak solutions deliver trusted, high-availability performance for any identity or authorization utility, across any industry. With Solodev’s Keycloak Serverless and Managed Keycloak, brands can ensure seamless authentication across their martech stacks, ad tech platforms, and commerce systems—streamlining access while reinforcing security.

“Identity security is at the heart of digital transformation,” said Shawn Moore, CTO at Solodev. “With Keycloak Serverless and Managed Keycloak, we’re making it easier than ever for organizations to implement robust authentication, whether they want full control or a completely managed experience.”

Solodev Keycloak Solutions are Available in the AWS Marketplace

For additional questions, contact Solodev.

About Solodev
Solodev helps developers around the globe build amazing customer experiences and collaborate on digital transformation, from code to cloud. The Solodev Platform provides the most complete ecosystem for developing apps and launching brands powered by cutting-edge technologies—including AI, Cloud, Metaverse, Digital, Blockchain, and more. Solodev also provides world-class consulting, training, managed services, and 24/7 human support. An Amazon Web Services Advanced Tier Partner, Solodev has achieved AWS competencies in Government, Education, Advertising & Marketing Technology, and Public Safety. Solodev products and services can be purchased at www.solodev.com or in the AWS Marketplace.

For media inquiries:
Matt Garrepy
press@solodev.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c616de85-26f5-4f65-90b3-76ce45923660

The MIL Network –

February 13, 2025
MIL-OSI: Richtech Robotics Launches the Richtech Accelerator Program to Bolster AI and Robotics Research at U.S. Universities
Source: GlobeNewswire (MIL-OSI)

Columbia University announced as first institution to join the program

LAS VEGAS, Feb. 12, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics”), a Nevada-based provider of AI-driven service robots, proudly announces the launch of the Richtech Accelerator Program. This initiative aims to bolster AI and robotics research at U.S. universities by integrating localized AI models with robotics hardware, marking a significant step forward in the advancement of localized AI systems for robots.

The goal of this program is to provide AI and robotics research institutions with more technologically advanced development frameworks, granting them access to Richtech Robotics’ commercially-validated robotic systems. These include autonomous mobile robots (AMRs) and robotic arm platforms, which are equipped with machine vision and voice interaction modules and powered by NVIDIA Jetson Orin Nano. The program features notable robots, such as ADAM and Scorpion, which have gained significant media attention at CES multiple times.

Through the Richtech Accelerator Program, research labs will be established in collaboration with participating universities to enhance machine vision, AI interaction, and robotic arm path planning – all deployed on a localized AI model. The ultimate goal is to help industries including manufacturing, healthcare, and the service sector, benefit from AI-powered robotic solutions by improving efficiency and addressing labor shortages.

Columbia University is the first institution to join the program under the leadership of Associate Professor Zhou Yu from the Fu Foundation School of Engineering and Applied Science. Their research will focus on Natural Language Processing (NLP), aiming to localize NLP models within Richtech Robotics’ robotic systems. These integrations will enable seamless human-robot interaction with minimal setup, aligning with Richtech Robotics’ broader vision: enabling robots to understand and execute tasks through natural language rather than requiring specialized engineers to code each function.

“We are thrilled to launch the Richtech Accelerator Program and proud to announce Columbia University as our first partner,” said Matt Casella, President of Richtech Robotics. “Our mission is to leverage AI robotics technology to reduce strenuous labor for humans, ultimately creating more freedom through technology. This program allows leading research institutions to directly develop localized AI models on Richtech Robotics’ commercially-validated robotic platforms, eliminating the need to build robotic structures from scratch and thus improving research efficiency and, potentially, success rates.”

Participants in the Richtech Accelerator Program will also gain exclusive access to Richtech’s Application Programming Interfaces (APIs), enabling researchers to customize and enhance AI integration in unique ways and further advance groundbreaking research.

With over 300 robots successfully deployed worldwide, Richtech Robotics seeks to collaborate with talented and innovative developers through this program, building an AI-driven robotics ecosystem and assisting institutions in successfully commercializing their research results.

The Richtech Accelerator Program offers two types of funding: fully funded and partially funded. The fully funded option is limited to ten recipients, while the number of partially funded spots is unlimited.

For universities and researchers interested in joining the Richtech Accelerator Program, please visit www.RichtechRobotics.com or contact Timothy Tanksley at press@richtechrobotics.com.

About Richtech Robotics
Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

Forward Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the performance of Richtech Robotics’ products and the success of the Richtech Accelerator Program, including the likelihood of improving research efficiency and success rates.

These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the results of the Richtech Accelerator Program and the ability of AI-powered robotic solutions to improve efficiency. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on February 7, 2025, the IPO registration statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Investors:
CORE IR
Matt Blazei
ir@richtechrobotics.com

Media:
Timothy Tanksley
Director of Marketing
Richtech Robotics, Inc
press@richtechrobotics.com
702-534-0050

Attachment
- Richtech Robotics Inc.
The MIL Network –
February 13, 2025
MIL-OSI: Announcement of Dorado Marketing Agreement
Source: GlobeNewswire (MIL-OSI)

Dubai, Feb. 12, 2025 (GLOBE NEWSWIRE) — Dubai, 12 February 2025: Vantage Drilling International Ltd. (the “Company”) announces it has entered into a marketing agreement with Eldorado Drilling AS to market the 7th Generation Dorado Drillship for drilling opportunities in various locations in Africa, the Mediterranean, Asia and Australasia.

Ihab Toma, CEO of Vantage Drilling, commented: ´We are delighted to have entered into this agreement with Eldorado Drilling and we look forward to successfully placing the rig in operation. The Dorado is one of the last delivered 7th generation drillships – an advanced-capability drillship designed to operate in water depths of up to 12,000 feet. This new agreement further demonstrates the rig owners’ confidence in Vantage as a most reliable and trusted partner to market and operate their assets.´

About the Company
Vantage Drilling International Ltd., a Bermuda exempted company, is an offshore drilling contractor. Vantage Drilling’s primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells globally for major, national and independent oil and gas companies. Vantage Drilling also markets, operates and provides management services in respect of drilling units owned by others. For more information about the Company, please refer to the Company’s website, www.vantagedrilling.com

Attachment
- Stock Exchange Announcement – Dorado Marketing Agreement (Feb25)
The MIL Network –
February 13, 2025
MIL-OSI: Pinnacle Bankshares Corporation Announces Quarterly Cash Dividend of 25 Cents per Share

Source: GlobeNewswire (MIL-OSI)

ALTAVISTA, Va., Feb. 12, 2025 (GLOBE NEWSWIRE) — Pinnacle Bankshares Corporation (“Pinnacle” or the “Company”) (OTCQX: PPBN), the one-bank holding company for First National Bank (the “Bank”), announced today that its Board of Directors declared a cash dividend of $0.25 per share on February 11, 2025, payable March 7, 2025, to shareholders of record as of February 21, 2025.

The $0.25 per share cash dividend is equal to the $0.25 dividend paid last quarter and marks the fiftieth consecutive quarter that a dividend has been declared.

“Pinnacle is pleased to provide a cash dividend of $0.25 per share to our shareholders this quarter,” stated Aubrey H. Hall, III, President and Chief Executive Officer for both the Company and the Bank. Mr. Hall further commented, “This return on investment is consistent with the cash dividend paid in the fourth quarter of 2024 and is based on our continued solid performance.”

Pinnacle Bankshares Corporation is a locally managed community banking organization serving Central and Southern Virginia. The one-bank holding company of First National Bank serves market areas consisting primarily of all or portions of the Counties of Amherst, Bedford, Campbell, Halifax, and Pittsylvania, and the Cities of Charlottesville, Danville, and Lynchburg. The Company has a total of nineteen branches with one branch in Amherst County within the Town of Amherst, two branches in Bedford County; five branches in Campbell County, including two within the Town of Altavista, where the Bank was founded; one branch in the City of Charlottesville, three branches in the City of Danville; three branches in the City of Lynchburg; and three branches in Pittsylvania County, including one within the Town of Chatham. A Loan Production Office and a full-service branch have recently been opened in the South Boston area of Halifax County. First National Bank is in its 117^th year of operation.

This press release may contain “forward-looking statements” within the meaning of federal securities laws that involve significant risks and uncertainties. Any statements contained herein that are not historical facts are forward-looking and are based on current assumptions and analysis by the Company. These forward-looking statements, including statements made in Mr. Hall’s quotes may include, but are not limited to, statements regarding the credit quality of our asset portfolio in future periods, the expected losses of nonperforming loans in future periods, returns and capital accretion during future periods, our cost of funds, the maintenance of our net interest margin, future operating results and business performance and our growth initiatives. Although we believe our plans and expectations reflected in these forward-looking statements are reasonable, our ability to predict results or the actual effect of future plans or strategies is inherently uncertain, and we can give no assurance that these plans or expectations will be achieved. Factors that could cause actual results to differ materially from management’s expectations include, but are not limited to: changes in consumer spending and saving habits that may occur, including increased inflation; changes in general business, economic and market conditions; attracting, hiring, training, motivating and retaining qualified employees; changes in fiscal and monetary policies, and laws and regulations; changes in interest rates, inflation rates, deposit flows, loan demand and real estate values; changes in the quality or composition of the Company’s loan portfolio and the value of the collateral securing loans; changes in macroeconomic trends and uncertainty, including liquidity concerns at other financial institutions, and the potential for local and/or global economic recession; changes in demand for financial services in Pinnacle’s market areas; increased competition from both banks and non-banks in Pinnacle’s market areas; a deterioration in credit quality and/or a reduced demand for, or supply of, credit; increased information security risk, including cyber security risk, which may lead to potential business disruptions or financial losses; volatility in the securities markets generally, including in the value of securities in the Company’s securities portfolio or in the market price of Pinnacle common stock specifically; and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. These risks and uncertainties should be considered in evaluating the forward-looking statements contained herein, and you should not place undue reliance on such statements, which reflect our views as of the date of this release.

CONTACT: Pinnacle Bankshares Corporation, Bryan M. Lemley, 434-477-5882 or bryanlemley@1stnatbk.com

The MIL Network –

February 13, 2025
MIL-OSI: Red Cat Raises Up to $20 Million in Debt Financing
Source: GlobeNewswire (MIL-OSI)

SAN JUAN, Puerto Rico, Feb. 12, 2025 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it has entered into an agreement for up to $20 million and closed on the initial tranche of $16.5 Million in debt financing with The Lind Partners, a New York based institutional fund manager (“Lind”). Details of the agreement include:
- Debt Financing convertible at $16.15 share price
- Initial Tranche proceeds of $15 million
- 1 million warrants exercisable at $15.00 per share non cashless
Additionally, Red Cat has applied for $58 million in debt financing from the Department of Defense Office of Strategic Capital (OSC). OSC implements strategies and partnerships to accelerate and scale private investment in critical supply chain technologies needed for national security. They have identified 14 critical technology areas vital to maintaining the United States’ national security. These have been grouped into three categories as found in the 2023 National Defense Science and Technology Strategy.
- Seed Areas of Emerging Opportunity
- Effective Adoption Areas
- Defense-Specific Areas
The investment is expected to provide Red Cat with the working capital needed to scale up production and the ongoing development of its Arachnid Family of Systems, which includes Black Widow™, Edge 130, and a new line of FANG™ First-Person View (FPV) drones. The goal of the Family of Systems is to meet the needs of the U.S. Department of Defense and NATO Allies for drone systems that are low-cost, portable, field repairable, and recoverable.

“The recent financing will allow us to expedite and expand the Edge 130 factory and build-out and ramp up mass production of the Black Widow,” said Jeff Thompson. Red Cat CEO. “As a company focused on technology that advances the Department of Defense capabilities, we are a strong candidate for the Office of Strategic Capital’s low-cost debt program. The potential total financing of $93 million is the least dilutive option for our shareholders.”

About Red Cat, Inc.  
Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a Family of Systems. This includes the Black Widow™, a small unmanned ISR system that was awarded the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record contract. The Family of Systems also includes TRICHON™, a fixed wing VTOL for extended endurance and range, and FANG™, the industry’s first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red.

About The Lind Partners
The Lind Partners manages institutional funds that are leaders in providing growth capital to small- and mid-cap companies publicly traded in the US, Canada, Australia and the UK. Lind’s funds make direct investments ranging from US$1 to US$30 million, invest in syndicated equity offerings and selectively buy on market. Having completed more than 150 direct investments totaling over US$1.5 Billion in transaction value, Lind’s funds have been flexible and supportive capital partners to investee companies since 2011.

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

Contacts:

INVESTORS:
E-mail: Investors@redcat.red

NEWS MEDIA:
Indicate Media
Phone: (347) 880-2895
Email: peter@indicatemedia.com

The MIL Network –
February 13, 2025
MIL-OSI: MarketGrader Smart Beta Indexes Outperform Passive Stock Market Benchmarks and Active Equity Managers
Source: GlobeNewswire (MIL-OSI)

CORAL GABLES, Fla., Feb. 12, 2025 (GLOBE NEWSWIRE) — MarketGrader, a leader in smart beta investment solutions, today announced the vast majority of the firm’s MarketGrader Indexes beat their passive equity benchmarks and actively managed peers¹ in 2024. The outperformance of MarketGrader’s Indexes relative to both their stock market benchmarks and active peers was even more pronounced over the recent three- and five-year windows.

“2024 was another great year for MarketGrader Indexes when compared to both widely-followed passive benchmarks and peer groups of active managers. Our strategies were again rewarded for identifying consistent creators of economic value and unemotionally selling those companies whose fundamentals no longer held up. The level of outperformance persistence that MarketGrader Indexes demonstrate over multi-year windows is rare in the world of asset management and speaks to the efficacy of our proprietary growth at a reasonable price (GARP) + Quality methodology,” said Carlos Diez, Founder and CEO of MarketGrader.

Some statistical highlights of MarketGrader’s fundamentals-based stock selection indexes relative to market capitalization weighted indexes include:
- 68% of MarketGrader Indexes outperformed their benchmarks across global markets in 2024.
- 18 out of 19 (95%) MarketGrader Core U.S. Indexes outpaced their benchmark in 2024, and over the recent three-, five- and ten-year windows.
- Returning 37.1% and 36.7%, the top performers in 2024 were the MarketGrader U.S. Large Cap Select 50 Index and its 100 stock parent index, the MarketGrader U.S. Large Cap Core Index, outpacing the S&P 500’s 25% return.
- With a 22.4% return, MarketGrader’s US Large Cap Value Index beat the Russell 1000 Value Index by over 800 basis points in 2024, trouncing the benchmark by nearly 500 bps over 10 years.
- Nine out of every 10 MarketGrader Indexes lead their bogey on an annualized basis over the last decade. In contrast, over the recent 10-year period, 96% of Large-Cap Core active funds underperformed the S&P 500, while 90% of All Domestic active funds, 81% of active International funds and 86% of active Emerging Markets funds underperformed their benchmarks, according to SPIVA.
When comparing MarketGrader Indexes to active managers, some notable highlights include:
- 80% of MarketGrader Indexes ranked in the top half of their peer group in 2024 (77% of U.S. indexes and 83% of international indexes).
- 92% of MarketGrader Indexes ranked in the top half of their peer group over five years (89% of domestic and 95% international indexes).
- Top decile: Over five years, 73% of MarketGrader Indexes ranked in the top 10% of their active manager peer group (55% of U.S. indexes and 81% of international indexes).
- The market cap weighted version of the Barron’s 400 Index (B400X), live since 2007, ranked in the top 6% among 1,911 active managers in Morningstar’s All Cap U.S. Equity Category in 2024, and top 5% over five years.
“It’s been over twenty years since we launched our first index using our fundamentals-based GARP + Quality framework to picking index constituents. These results show that our unique rules-based approach to indexing transcends geographies, market cycles, interest rate regimes, and stock market sector, size and style segments. Index investors can be stock selectors, harnessing the underlying market return (beta) while adding excess returns (alpha) by systematically choosing only the best companies. The persistence of alpha in our indexes makes them an attractive alternative to actively managed funds, for whom consistent outperformance is famously elusive,” continued Diez.

MarketGrader currently publishes 89 indexes, 47 across domestic U.S. equities and 42 on foreign / ex-U.S. stocks. The indexes cover regions, countries, sectors, styles and income. All MarketGrader’s indexes are fully replicable, transparent and rules-based with screens for constituent liquidity to ensure tradability. Further index product development plans are in the works, including an expansion of the company’s U.S. sectors lineup, new Middle East-focused indexes and single country indexes for Asia Pacific and Europe.

Asset managers, wealth managers, institutions and investment platforms can license MarketGrader’s indexes for the basis of ETFs, mutual funds, annuities, model portfolios or more custom delivery like direct indexing. For more information on the index library and for index licensing opportunities, please write the MarketGrader team.

MarketGrader Indexes vs Stock Market Benchmarks—2024 Report Card: http://ml.globenewswire.com/Resource/Download/0acf2cf6-7f1d-406c-b713-143071506b70

ABOUT MARKETGRADER
MarketGrader.com Corp. (“MarketGrader”) founded in 1999, is a Miami-based provider of global equity research and index-based solutions. The company’s mission is to become the leading provider of next generation Smart Beta investment solutions, helping investors achieve superior risk-adjusted returns by identifying and owning the highest quality companies in the world. MarketGrader’s proprietary “GARP + Quality” methodology is used to screen over 41,000 publicly traded companies across 92 countries, representing over $127 trillion in market capitalization. Over 100 Smart Beta indexes have been created using MarketGrader’s methodology. MarketGrader delivers smart beta solutions in three ways; 1) licensing its indexes to investment management firms; 2) offering smart beta portfolio solutions to wealth managers; and 3) providing access to their proprietary GARP + Quality ratings to retail and institutional clients. Institutional clients include Dow Jones, SS&C ALPS, VanEck and BMO. In 2007, MarketGrader created the Barron’s 400 Index in partnership with Barron’s, America’s premier financial magazine. Follow MarketGrader on X @MarketGrader and connect on LinkedIn. For more information, please visit www.marketgrader.com.

_______________
¹ Performance for all actively managed funds was gross of fees, providing a fair comparison against MarketGrader Indexes, which do not have management fees or trading costs. Source: Morningstar Direct.

Media Contact
Paul Damon for MarketGrader
+1 802.999.5526
paul@keramas.net

The MIL Network –
February 13, 2025
MIL-OSI: Tom Brady Joins Cloudera as Keynote Speaker as Company Kicks Off FY26 with Game-Changing Data and AI Capabilities

Source: GlobeNewswire (MIL-OSI)

SANTA CLARA, Calif., Feb. 12, 2025 (GLOBE NEWSWIRE) — Cloudera, the only true hybrid platform for data, analytics, and AI, welcomed Tom Brady as a guest speaker during the company’s annual Sales Kick Off, ELEVATE26, on February 11. Brady—interviewed onstage by Cloudera CEO Charles Sansbury and CRO Frank O’Dowd—offered attendees his advice on leadership, perseverance, teamwork, and what it takes to win.

Taking place February 10-13 at the Fontainebleau Miami Beach, Cloudera’s ELEVATE26 marks the beginning of a new fiscal year for the data and AI leader. Brady’s perspective on his personal and professional journey set the tone as the company plans for another successful year. In particular, his advice on how to stay motivated, maintain a solution-first mindset, and excel beyond expectations aligned with the business strategies and goals that Cloudera delivered to its more than 700 staff in attendance.

“As one of the undisputed greatest athletes of all time, Tom was the perfect keynote speaker for our team this week,” said O’Dowd. “Cloudera has an unwavering commitment to being the best at what we do. We’ve had an incredibly successful year and are prepared to continue to lead the AI and data space and model the way into the future.”

2024 was a milestone year for Cloudera with the company reaching over $1 billion in revenue by year end. With demand for trusted, governed AI and data management solutions skyrocketing, Cloudera prioritized investments in its platform and partnership ecosystem to deliver robust capabilities to its global customer base. This includes acquiring Verta’s operational AI platform and Octopai’s data lineage and catalog platform, and unleashing several key features—most recently new AI assistants and a retrieval-augmented generation (RAG) studio.

“The success we achieved last year is just the beginning,” said Sansbury. “Tom said it best: never settle. That’s exactly the mantra we’re going to bring into 2025 as we continue to push the boundaries of what’s possible for our customers by delivering on the promise of supporting true hybrid, enabling modern data architectures, and accelerating enterprise AI.”

To learn more about Cloudera, visit www.cloudera.com.

About Cloudera

Cloudera is the only true hybrid platform for data, analytics, and AI. With 100x more data under management than other cloud-only vendors, Cloudera empowers global enterprises to transform data of all types, on any public or private cloud, into valuable, trusted insights. Our open data lakehouse delivers scalable and secure data management with portable cloud-native analytics, enabling customers to bring GenAI models to their data while maintaining privacy and ensuring responsible, reliable AI deployments. The world’s largest brands in financial services, insurance, media, manufacturing, and government rely on Cloudera to use their data to solve what seemed impossible—today and in the future.

To learn more, visit Cloudera.com and follow us on LinkedIn and X. Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.

Contact
Jess Hohn-Cabana
cloudera@v2comms.com

The MIL Network –

February 13, 2025
MIL-OSI: Societe Generale: shares and voting rights as of 31 January 2025
Source: GlobeNewswire (MIL-OSI)

NUMBER OF SHARES COMPOSING CURRENT SHARE CAPITAL AND TOTAL NUMBER OF VOTING RIGHTS AS OF 31 JANUARY 2025

Regulated Information

Paris, 12 February 2025

Information about the total number of voting rights and shares pursuant to Article L.233-8 II of the French Commercial Code and Article 223-16 of the AMF General Regulations.

Date Number of shares composing current share capital Total number of
voting rights

31 January 2025 800,316,777
Gross: 885,499,593

Press contacts:

Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com
Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

Societe Generale

Societe Generale is a top tier European Bank with more than 126,000 employees serving about 25 million clients in 65 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:
- French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
- Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
- Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.
Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).
For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

Attachment
- Societe-Generale-shares-voting-rights-as-of-31-01-2025
The MIL Network –
February 13, 2025
MIL-OSI: Archimedes Tech SPAC Partners II Co. Announces Closing of $230 Million Initial Public Offering, Including Full Exercise of Underwriters’ Over-Allotment Option

Source: GlobeNewswire (MIL-OSI)

CLAYMONT, Del., Feb. 12, 2025 (GLOBE NEWSWIRE) — Archimedes Tech SPAC Partners II Co. (the “Company”) today announced the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $230,000,000, before deducting underwriting discounts and estimated offering expenses.

The Company’s units began trading on The Nasdaq Global Market (“Nasdaq”) on February 11, 2025 under the ticker symbol “ATIIU.” Each unit consists of one ordinary share and one-half of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one ordinary share at $11.50 per share. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “ATII” and “ATIIW,” respectively.

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

The offering was made only by means of a prospectus, copies of which may be obtained from: BTIG, LLC, 65 East 55th Street, New York, New York 10022, or by email at ProspectusDelivery@btig.comProspectusDelivery@btig.com. The registration statements relating to the securities were declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on February 10, 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 offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Archimedes Tech SPAC Partners II Co.

Archimedes Tech SPAC Partners II Co. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses. While the Company may pursue a business combination target in any business, industry or geographical location, the Company intends to focus its search for businesses in the technology industry, and its focus will be on the artificial intelligence, cloud services and automotive technology sectors.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated use of the net proceeds of the offering and the Company’s search for an initial business combination. No assurance can be given that the net proceeds of the offering 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 prospectus for the Company’s offering filed with the SEC. Copies 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.

Contacts

Long Long
Chief Executive Officer
Archimedes Tech SPAC Partners II Co.
(725) 312-2430

The MIL Network –

February 13, 2025
MIL-OSI: RegEd Expands its Xchange Solution to Support Canadian Insurance Licensing and Securities Registration Requirements
Source: GlobeNewswire (MIL-OSI)

Raleigh, NC, Feb. 12, 2025 (GLOBE NEWSWIRE) — RegEd, the leading provider of regulatory compliance and credentialing solutions for the financial services industry, today announced the expansion of its Xchange Producer Management platform to support insurance licensing and securities registration in Canada. This expansion enables financial services firms to harmonize their US and Canadian licensing and registration processes, leveraging Xchange’s advanced automation to improve efficiency, enhance compliance, and accelerate time-to-market for financial professionals operating across both regions. The move comes as part of a new agreement with one of the largest wealth management firms in the US, who will partner with RegEd to launch the new capabilities.

As financial services firms continue to focus on digital transformation, many are seeking to modernize outdated licensing and registration systems. U.S.-based firms with operations in Canada, in particular, require a single, unified platform to support licensing and registration processes in both countries. The expansion of Xchange enables these firms to streamline operational workflows, reduce administrative overhead, and ensure compliance across multiple jurisdictions.

“As firms look to replace aging licensing and registration systems, they need a solution that can support their entire North American footprint,” said Frank Brienzi, CEO of RegEd. “With Xchange’s expansion into Canada, we are meeting that need—offering a comprehensive, automated solution that simplifies compliance for firms operating in both the U.S. and Canada.”

How Xchange Will Deliver More Value for Firms Who Operate in Canada
- Seamless U.S.-Canada Integration – Extends Xchange’s advanced automation capabilities to Canadian licensing and registration processes, enabling firms to manage both U.S. and Canadian compliance in a single system.
- Integration with the National Registration Database (NRD) – Synchronizes registration data in real time and enables electronic filings for Canadian securities registrants.
- Localization Capabilities – Provides support for both English and French-language interfaces and documentation, ensuring a seamless experience for Canadian users in their preferred language.
By investing in localization capabilities and NRD integration, RegEd is reinforcing its commitment to delivering best-in-class compliance technology to global financial services firms.

“Xchange has long been the industry’s most trusted licensing and registration solution in the U.S.,” said Ethan Floyd, Chief Product Officer of RegEd. “Now, we’re bringing that same automation, efficiency, and compliance-driven innovation to the Canadian market, helping firms retire legacy systems and unify their licensing and registration functions.”

About RegEd

RegEd is the market-leading provider of RegTech enterprise solutions with relationships with more than 200 enterprise clients, including 80% of the top 25 financial services firms.

Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk.

Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients. For more information, please visit www.reged.com.

The MIL Network –
February 13, 2025

MIL-OSI: LECTRA: 2024: improved financial results in what remains a degraded environment

Source: GlobeNewswire (MIL-OSI)

2024: improved financial results in what remains a degraded environment

Revenues: 526.7 million euros (+10%)*
EBITDA before non-recurring items: 91.1 million euros (+15%)*
Net income: 29.6 million euros (-9%)*
Free cash flow before non-recurring items: 72.1 million euros (+59%)*
Dividend^*^*: €0.40 per share (+11%)

* Change at actual exchange rates (%)
** Proposed to the Annual Shareholders’ Meeting on April 25, 2025


In millions of euros	October 1 – December 31		January 1 – December 31
	2024⁽¹⁾	2023	2024⁽¹⁾	2023
Revenues	132.5	119.3	526.7	477.6
Change at actual exchange rates (%)	11%		10%
EBITDA before non-recurring items⁽²⁾	22.6	19.8	91.1	79.0
Change at actual exchange rates (%)	14%		15%
EBITDA margin before non-recurring items (in % of revenues)	17.1%	16.6%	17.3%	16.5%
Income from operations before non-recurring items⁽²⁾	11.9	12.3	49.3	49.1
Change at actual exchange rates (%)	-3%		0%
Net income	8.4	7.7	29.6	32.6
Free cash flow before non-recurring items⁽²⁾	22.2	13.2	72.1	45.3

(1) 2024 figures include Launchmetrics since January 23,2024
(2) The definition for performance indicators appears in the Management Discussion of December 31, 2024

Paris, February 12, 2025. Today, Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the fiscal year 2024. Audit procedures have been performed by the Statutory Auditors. The certification report will be issued at the end of the Board of Director’s meeting of February 27, 2025.

To facilitate analysis of the Group’s results, the accounts of Lectra excluding Launchmetrics (the “Lectra 2023 scope”) are analyzed separately from the Launchmetrics accounts. The detailed 2024 vs 2023 comparisons for the Lectra 2024 scope and for Launchmetrics are based on actual exchange rates, whereas the comparisons for the Lectra 2023 scope are stated on a like-for-like basis.

1. SUMMARY OF THE YEAR 2024

The year 2024 was marked by a severely degraded macroeconomic and geopolitical environment, prompting the Group’s customers to exercise prudence in their investment decisions, though situations varied across geographies and market sectors.

Under these conditions, for the Lectra 2023 scope, orders for new systems were stable, and new SaaS subscriptions grew by 8%, confirming their success and increasing adoption by the Group’s customers.

2024 earnings in line with recent estimates

On October 30, the Group reported that revenues and EBITDA before non-recurring items were expected to be near the lower end of the ranges indicated on February 14, i.e., revenues of 480 million euros and EBITDA before non-recurring items of 85 million euros for the Lectra 2023 scope; and 42 million euros in revenues and EBITDA margin before non-recurring items of over 15% for Launchmetrics, i.e., revenues of 522 million and 91.3 million euros of EBITDA margin before non-recurring items for the Lectra 2024 scope.

In total, full-year 2024 revenues grew 10% to 526.7 million euros and EBITDA before non-recurring items increased 15% to 91.1 million euros.

Successful integration of Launchmetrics

Launchmetrics achieved revenues of 41.2 million euros and an EBITDA before recurring items of 7.0 million euros, and exceeded the Group’s profitability expectations with an EBITDA margin before non-recurring items of 16.9%.

What’s more, this acquisition has considerably expanded Lectra’s SaaS activity, providing the basis for a twofold increase in SaaS revenues to 77.4 million euros at end-2024 and strengthening SaaS’s future potential.

The integration — in terms of processes, teams and products — is already a proven success and enables Lectra to form a coherent set of SaaS activities. Launchmetrics has also contributed its top-level practices in the area of SaaS, thus enriching the customer experience across the Group.

Continuing improvement in the fundamentals of the Group’s business model

The fundamentals of the Group’s business model were substantially improved, notably on the basis of the strict cost control policy implemented since May 2023, and the contribution of Launchmetrics. Recurring revenues increased by 18%, with margins covering nearly all fixed costs. The EBITDA margin before non-recurring items rose 0.8 percentage point, to 17.3%. Free cash flow before non-recurring items generated in 2024 came to 72.1 million euros (+59%) and the Group’s net debt was brought down to 20.6 million euros at December 31, 2024.

2. Q4 2024

Q4 2024 revenues were up 11% compared to Q4 2023, at 132.5 million euros, with Launchmetrics contributing 11.0 million euros.

EBITDA before non-recurring items (22.6 million euros) was up 14% and the EBITDA margin before non-recurring items came to 17.1% (+0.5 percentage points).

Free cash flow before non-recurring items rose sharply to 22.2 million euros (+68%).

Lectra 2023 scope

Currency changes had only a limited impact on revenues and results.

Orders for new systems were stable compared to Q4, 2023, at 38.6 million euros, and new SaaS subscriptions came up to 3.6 million euros (+17%).

Revenues came to 121.5 million euros, up 1%: revenues for new systems were down 6%, while recurring revenues were 5% higher.

EBITDA before non-recurring items was 21.0 million euros and the EBITDA margin before non-recurring items came to 17.3%, up 0.3 percentage point.

3. 2024

Full-year 2024 revenues came to 526.7 million euros, up 10% with the following breakdown: 28% of total revenues for new systems, down 5%, 72% of total revenues in recurring revenues, up 18%, including Saas revenues of 77.4 million euros (x2.5).

Launchmetrics, which has been consolidated since January 23, 2024, contributed 41.2 million euros to 2024 revenues.

Gross profit came to 376.9 million euros, up 13%, and the gross profit margin was 71.6%, up 1.8 percentage points over 2023.

EBITDA before non-recurring items came to 91.1 million euros, up 15%, and the EBITDA margin before non-recurring items rose 0.8 point to 17.3%.

Income from operations before non-recurring items amounted to 49.3 million euros, stable compared to 2023. This included a 22.7-million-euro charge for amortization of intangible assets arising from the acquisitions carried out since 2021.

Research and development costs, which were fully expensed in the period and included in fixed overhead costs, represented 12.8% of revenues (11.7% in 2023).

Financial income and expenses represented a net charge of 6.0 million euros (2.8 million euros in 2023) due to higher interest rates and the financing of the Launchmetrics acquisition.

Foreign exchange gains and losses generated a net loss of 2.2 million euros.

Taking into account the amortization of intangible assets, the increase in financial expenses, and an income tax expense of 10.9 million euros, net income amounted to 29.6 million euros, down 9% compared to 2023.

Free cash flow before non-recurring items was significantly higher, at 72.1 million euros (+59%).

A particularly robust balance sheet

At December 31, 2024, the Group had a particularly robust balance sheet with a consolidated shareholders’ equity of 374.4 million euros, a negative working capital requirement of 25.2 million euros and net debt of 20.6 million euros. The net debt consisted of financial debt of 102.5 million euros and cash of 81.9 million euros.

Lectra 2023 scope

Currency changes had only a limited impact on revenues and results.

Orders for new systems (144,9 million euros) were stable compared to 2023.

Orders for perpetual software licenses (11.4 million euros) fell by 18% — as most new software is now sold in SaaS mode— while orders for equipment and accompanying software (113.0 million euros), and for training and consulting (17.3 million euros) rose by 2% and 9%, respectively.

Revenues were up 2% at 485.5 million euros, and recurring EBITDA was up 7% at 84.2 million Euros.

4. DIVIDEND

The Company maintained its attractive shareholder compensation policy with dividends representing a payout ratio of about 40% of net income in 2023 and, as a result of the strong increase in free cash flow, the company has decided on a payout ratio of 50% of net income for the year 2024.

The Board of Directors will propose to the Shareholders’ Meeting of April 25, 2025 the payment of a dividend at €0.40 per share in respect of fiscal year 2024.

5. CHANGES IN GOVERNANCE

Following a disagreement with the Chairman and Chief Executive Officer regarding the role of the Lead Director, Ross McInnes has decided to resign from his position as Director, effective April 24, 2025. The Board of Directors thanks him for his contribution over the past three years.

As of April 25, 2025, the Board of Directors of Lectra will consist of 7 members: Daniel Harari (Chairman and Chief Executive Officer), Nathalie Rossiensky (Lead Director, Independent Director), Céline Abecassis-Moedas (Independent Director), Karine Calvet (Independent Director), Pierre-Yves Roussel (Independent Director), Jérôme Viala (non-Independent Director) and Hélène Viot-Poirier (Independent Director).

6. ASSESSMENT OF THE 2023-2025 STRATEGIC ROADMAP – SECOND PROGRESS REPORT

Launched in 2017, the Lectra 4.0 strategy aims to position the Group as a key Industry 4.0 player in its three strategic market sectors: fashion, automotive and furniture, before 2030. The strategy has been implemented up to now through three strategic roadmaps.

The first strategic roadmap, which covered the 2017-2019 period, established the key fundamentals for the future of the Group.

The second roadmap, which ran from 2020 through 2022, achieved a new dimension for the Group – primarily through the acquisition of Gerber in June 2021 – and opened new perspectives, with a financial position stronger than ever before, an extended worldwide presence, a broader customer base, a powerful product portfolio, a growing number of customers using its new offers for Industry 4.0, and a new brand image.

The Group’s ambition over the 2023-2025 period is to take full advantage of its change in dimension to accelerate growth, to significantly increase the volume of SaaS in revenues, and to seize acquisition opportunities.

Despite the unstable economic and geopolitical climate, Lectra successfully maintained its long-term strategic orientations. Further, all the fundamentals of the Group’s business model improved significantly and customer adoption of the SaaS model accelerated. The Group acquired Launchmetrics and strategic partnerships were concluded with Six Atomic and AQC.

With the commitment of employees and recognition by customers, Lectra stands at the forefront in building a more sustainable future. The Group has taken numerous steps to enhance its offering to reduce environmental impact for its customers, notably through material traceability for fashion, thanks to the acquisition of a majority stake in TextileGenesis in early 2023.

Details of the second progress report on this 2023-2025 strategic roadmap can be found in the December 31, 2024 “Management Discussion and Analysis” document, available on Lectra.com.

7. OUTLOOK

In the challenging environment of 2024, Lectra proved to be highly resilient, confirming the relevance of its strategy and the quality of its fundamentals—crucial assets for the Group’s continued development.

Outlook for 2025

While initial positive signs can be detected, the lack of visibility in what remains an uncertain economic and geopolitical context, could continue to weigh on investment decisions by the Group’s customers going forward.

In this context, the Group has begun the year 2025 with confidence and will pursue its strategy by meeting the needs of its customers as closely as possible via the quality of its offers for Industry 4.0 and by developing its SaaS activity.

As in the previous two years, visibility regarding orders for new systems remains low, with no way of anticipating the timing or magnitude of a possible rebound, which could nevertheless occur during the course of the year.

Recurring revenues, which accounted for 72% of total revenues in 2024, are expected to grow further in 2025, largely on the strength of expanding SaaS activity.

Furthermore, the Group will maintain strict cost controls and anticipates a mix of orders that will favorably impact the gross margin.

In light of the above, Lectra has set the 2025 objective of achieving recurring revenues of over 400 million euros, including 90 million euros of SaaS revenues.

Overall, revenues are expected to be between 550 and 600 million euros, with an EBITDA margin before non-recurring items close to 20%, based on exchange rates at December 31^st, 2024, particularly of $1.04/€1.

The Management Discussion and Analysis of Financial Conditions and Results of Operations and the financial statements for Q4 and the fiscal year 2024 are available on lectra.com. First quarter earnings for 2025 will be published on April 24. The Annual Shareholders’ Meeting will take place on April 25, 2025.

About Lectra

As a major player in the fashion, automotive and furniture markets, Lectra contributes to the Industry 4.0 revolution with boldness and passion by providing best-in-class technologies.The Group offers industrial intelligence solutions – software, equipment, data and services – that facilitate the digital transformation of the companies it serves. In doing so, Lectra helps its customers push boundaries and unlock their potential. The Group is proud to state that its 3,000 employees are driven by three core values: being open-minded thinkers, trusted partners and passionate innovators.Founded in 1973, Lectra reported revenues of 527 million euros in 2024. The company is listed on Euronext, where it is included in the following indices: CAC All Shares, CAC Technology, EN Tech Leaders and ENT PEA-PME 150.

For more information, visit lectra.com.

Lectra – World Headquarters: 16–18, rue Chalgrin • 75016 Paris • France
Tel. +33 (0)1 53 64 42 00 – www.lectra.com
A French Société Anonyme with capital of €37,966,274 • RCS Paris B 300 702 305

Attachment

Lectra_PressRelease_Q4FY2024

The MIL Network –

February 13, 2025

MIL-OSI: LECTRA: Q4 and Full Year 2024 financial report available
Source: GlobeNewswire (MIL-OSI)

Q4 and Full Year 2024 financial report available

Paris, February 12, 2025 – Lectra informs its shareholders, in compliance with article 221-4-IV of the General Regulation of the Autorité des marchés financiers, that the Management Discussion and Analysis of Financial Conditions and Results of Operations for the fourth quarter and the full year 2024 is available on the company’s website: www.lectra.com

It is also available, upon request, at the company’s headquarters 16-18 rue Chalgrin, 75016 Paris (email: investor.relations@lectra.com)

About Lectra

A major player in the fashion, automotive and furniture markets, Lectra contributes to the development of Industry 4.0 with boldness and passion, fully integrating Corporate Social Responsibility (CSR) into its global strategy. The Group offers industrial intelligence solutions – software, cutting equipment, data analysis solutions and associated services – that facilitate the digital transformation of the companies it serves. In doing so, Lectra helps its customers push boundaries and unlock their potential. The Group is proud to state that its 3,000 employees are driven by three core values: being open-minded thinkers, trusted partners and passionate innovators. Founded in 1973, Lectra reported revenues of 527 million euros in 2024. The company is listed on Euronext, where it is included in the following indices: CAC All Shares, CAC Technology, EN Tech Leaders and ENT PEA-PME 150. For more information, visit lectra.com.

Lectra – World Headquarters: 16–18, rue Chalgrin • 75016 Paris • France
Tel. +33 (0)1 53 64 42 00 – www.lectra.com
A French Société Anonyme with capital of €37,966,274• RCS Paris B 300 702 305

Attachment
- LECTRA_Q4 and Full Year 2024 financial report available
The MIL Network –
February 13, 2025
MIL-OSI: Exploring Molecular Switches Application In Modern Therapeutics Download Report
Source: GlobeNewswire (MIL-OSI)

Delhi, Feb. 12, 2025 (GLOBE NEWSWIRE) — Molecular switches are integral to cellular function, dictating key processes such as gene expression, signal transduction, and cellular response to stimuli. These switches operate by undergoing conformational changes in response to specific signals, which may involve the binding of small molecules, ions, or even other proteins. By toggling between an “on” and “off” state, molecular switches ensure that cellular functions are executed with precision. When these switches are deregulated, they can result in various diseases, including cancer, metabolic disorders, and autoimmune conditions. As a result, targeting these molecular switches has become an area of immense therapeutic interest.

Molecular Switches As Therapeutic Targets, Drug Development, Drug Delivery Mechanism and Application By Indications Insight 2025 Research Insights:
- Top 20 Drugs Sales Targeting Molecular Switches: 2022, 2023 and 2024
- Molecular Switches Significance In Regenerative Medicine and Nanomedicine
- Molecular Switches Significance In Drug Delivery and Release
- Molecular Switches Significance As Therapeutic Targets
- Molecular Switches In Cancer Therapeutics: Breast Cancer, Prostate Cancer, Lung Cancer, Colorectal Cancer, Gastric Cancer
- Molecular Switches In Neurological Disorder: Parkinson’s Disease, Alzheimer’s Disease, Multiple Sclerosis
- Molecular Switches In Autoimmune and Inflammatory Disorder: Diabetes, Arthritis, Lupus, Psoriasis
Download Insight: https://www.kuickresearch.com/report-molecular-switches-cell-signaling-molecular-switches-applications

One particularly compelling molecular switch is the Notch signaling pathway, which plays a crucial role in cell differentiation and proliferation. This pathway functions through the binding of ligands to the Notch receptor on the cell surface. Upon activation, the Notch receptor undergoes proteolytic cleavage, releasing its intracellular domain, which translocates to the nucleus to influence gene expression. Dysregulation of Notch signaling is often observed in cancers, particularly in hematological malignancies like T-cell acute lymphoblastic leukemia. In these cases, aberrant activation of Notch signaling leads to unchecked cell proliferation. As a result, drugs targeting Notch receptors or their downstream effectors are currently under investigation for cancer treatment, offering a promising strategy for the development of targeted therapies.

Another important molecular switch is the Janus kinase (JAK)/signal transducer and activator of transcription (STAT) pathway, which is involved in mediating immune responses, hematopoiesis, and inflammation. In certain autoimmune disorders such as rheumatoid arthritis and psoriasis, the JAK/STAT pathway becomes hyperactivated, leading to chronic inflammation and tissue damage. JAK inhibitors, such as tofacitinib, have already shown effectiveness in treating these conditions by blocking the overactive signaling. The ability to inhibit the activation of JAK proteins represents a precise way to control aberrant immune responses. As research into JAK inhibitors expands, there may be even broader applications in treating diseases like inflammatory bowel disease and certain types of cancer.

In addition to kinase and receptor-based switches, molecular switches involved in the regulation of apoptosis, or programmed cell death, offer another compelling avenue for therapeutic intervention. The BCL-2 family of proteins, which regulate the intrinsic apoptotic pathway, represents a class of switches that determine whether a cell survives or undergoes programmed cell death. Overexpression of anti-apoptotic proteins like BCL-2 is frequently seen in cancers, allowing tumor cells to evade death despite DNA damage or other cellular stress. By inhibiting BCL-2 with small molecules like venetoclax, researchers have made significant strides in treating hematologic cancers, particularly chronic lymphocytic leukemia (CLL). This drug’s ability to reactivate the apoptotic pathway in cancer cells demonstrates how targeting molecular switches can reverse disease-promoting cellular processes.

The commercial landscape for therapies targeting molecular switches continues to expand. With the increasing recognition of their role in disease pathology, the pharmaceutical industry is heavily invested in developing drugs that can specifically target these switches. Drug pipelines are filled with promising candidates, and many of these are now undergoing clinical trials to evaluate their effectiveness in treating a variety of diseases. However, challenges remain in developing drugs that are not only effective but also selective, as off-target effects can lead to adverse outcomes. The development of more precise drug delivery mechanisms, such as nanoparticles or biologics, may help overcome some of these hurdles.

Moreover, resistance to these targeted therapies is an emerging concern. Just as cancers can develop resistance to traditional chemotherapy, they can also evolve resistance to targeted therapies aimed at molecular switches. In some cases, mutations in the target protein or bypass mechanisms can render these therapies ineffective. To combat resistance, combination therapies that target multiple molecular switches or pathways are being explored. This multi-pronged approach may enhance treatment efficacy and reduce the likelihood of resistance developing.

Despite these challenges, the therapeutic potential of molecular switches remains vast. As research continues to uncover the complex roles that these switches play in disease progression, new and innovative treatments will likely emerge, offering more effective and personalized options for patients. The future of molecular switch-based therapies looks promising, with the potential to address a wide range of conditions, from cancers to autoimmune disorders and beyond. As the field progresses, it may redefine the way we approach disease treatment and pave the way for a new era of precision medicine.

The MIL Network –
February 13, 2025
MIL-OSI: NEURONES: 8.6% organic growth in 2024
Source: GlobeNewswire (MIL-OSI)

PRESS INFORMATION
Heading: 2024 annual revenues Nanterre, February 12, 2025 (after trading)

8.6% organic growth in 2024

(being audited, in € millions) 2023 2024 Growth of which organic

Revenues 741.2 810.4 + 9.3% + 8.6%

Achievements

Forecasts for the year were exceeded, both in terms of activity and operating profit:
- revenues totaled €810.4 million, up 9.3% (with 8.1% growth in Q4 );
- operating profit represented 9.6% of revenues (€77.9 million *).
With double-digit growth, the Group’s expansion is driven by digital projects, data, cybersecurity, public clouds, sovereign ans trusted clouds (SecNumCloud).

The Group’s net increase in the payroll of 340 by 2024 has been supplemented by greater use of subcontracting.

The full final annual results will be published on Wednesday, March 5, 2025 after the stock exchange closes.

Outlook

As usual, the forecasts for 2025 will be posted along with the Group’s Q1 revenues.

* being audited.

About NEURONES
With 7,100 experts, and ranking among the French leaders in consulting and digital services, NEURONES helps large companies and organizations implement their digital projects, transform their IT infrastructures and adopt new uses.

Euronext Paris (compartment B – NRO) – Euronext Tech Leaders – DSS mid-caps – ‘PEA-PME’ eligible
www.neurones.net

Attachment
- neurones-2024-annual-revenues
The MIL Network –
February 13, 2025
MIL-OSI: Docker Announces Don Johnson as New CEO, Succeeding Scott Johnston

Source: GlobeNewswire (MIL-OSI)

PALO ALTO, Calif., Feb. 12, 2025 (GLOBE NEWSWIRE) — Docker, Inc.®, the leading development suite of products built specifically for cloud-native development, today announced the appointment of Don Johnson as its new Chief Executive Officer, effective February 12, 2024. Johnson was formerly the founder and Executive Vice President of Oracle Cloud Infrastructure. He succeeds Scott Johnston, who will be departing Docker on the same date.

Recognizing Scott Johnston
Under Scott Johnston’s leadership, Docker continued to expand its position as the developer-first platform, driving innovation, security, and scalability.

“Scott’s leadership has been definitional in establishing Docker as the most loved and indispensable developer platform for over 24 million developers, accelerating modern app development at an unparalleled scale,” said Rob Bearden, Docker Board Member. “On behalf of the entire Docker team and board, we thank Scott for his contributions and wish him the best in his next chapter.”

“The past five years have been an incredible journey. I’m very proud of our growth and all that we’ve accomplished as a team, and so excited for where Docker is going. Don is the perfect leader to drive Docker’s next phase of growth and expansion,” said Scott Johnston.

Welcoming Don Johnson as CEO
Johnson joins Docker to drive its ambitious expansion into new areas stretching across the development life cycle and cloud-based services. At Oracle he founded Oracle Cloud Infrastructure (OCI), building it from the ground up into a hyperscale cloud platform that runs everything from mission-critical apps and enterprise workloads to massive AI training clusters. Previously he was at Amazon Web Services (AWS) as a technical leader from its inception. His deep expertise in developer platforms, hyperscale cloud, and building high performance engineering teams positions him perfectly to lead Docker’s next phase of innovation and growth.

“I’m honored to join Docker and grateful to take the reins from Scott, who has built an incredible foundation. Docker both feels like a cool new startup and the bedrock of the container native universe, prevalent now and moving towards ubiquitous as Cloud Native takes over the world. But there is so much opportunity to solve the broad array of challenges that developers and businesses continue to struggle with – from building and running the latest AI models, to running and operating in a secure and scalable manner, to achieving advanced levels of compliance, to just not breaking the build in CI. Everything is harder than it should be. Every challenge that developers face is an opportunity for us to step in, take on the burden, and make their lives easier. You’re going to see Docker solve these problems and more, building and innovating, and shipping things fast. This is going to be a blast. I couldn’t be more excited to be here,” said Johnson.

Docker is already loved by over 24 million developers, but the next era of Docker is about more than making containers easier—it’s about making modern software development frictionless, secure, and scalable.

About Docker
Docker drives modern software development by making it easy to adopt container technology to radically boost productivity, security, testing, and collaboration at every step of the developer experience. Embraced by developers worldwide, Docker’s unmatched flexibility and choice make it the preferred tool for developers seeking efficiency and innovation for creating modern applications. Learn more about Docker at www.docker.com.

The MIL Network –

February 13, 2025
MIL-OSI: RUBIS: Launch of an employees shareholding plan “Rubis Avenir 2025”
Source: GlobeNewswire (MIL-OSI)

Paris, 12 February 2025 – 5:45 pm

The Management Board, at its meeting of 2 January 2025, decided to launch an employee shareholding plan “Rubis Avenir 2025” by way of the sale by the Company of treasury shares reserved for eligible employees of companies participating in the Rubis Avenir Company Savings Plan (Group companies based in France) under the conditions described below.

The shares offered are existing treasury shares previously repurchased by the Company pursuant to the share buyback programme authorised by the Ordinary Shareholders’ Meeting on 11 June 2024 (22^th resolution).

The shares offer, established under Articles L. 3332-18 et seq. of the French Labor Code, will cover a maximum of 400,000 shares.

The acquisition price, set at €17.15, corresponds, in accordance with Article L. 3332-19 of the French Labor Code, to 75% of the average share price over the 20 trading days preceding the decision of the Management Board.

The subscription period will run from 17 March to 4 April 2025.

The funds invested in Rubis shares through the “Rubis Avenir” mutual fund will be available at the end of a five-year lock-up period, except in cases where early release is allowed in accordance with Article R. 3324-22 of the French Labor Code.

The acquired shares under the offer are existing ordinary shares fully assimilated with the existing shares comprising Rubis’ share capital.

The “Rubis Avenir” mutual fund was set up in 2002 to allow employees to invest in Rubis’ capital, and thereby to strengthen the link between employees and the company. Rubis has performed an employees shareholding plan each year since the fund’s establishment.

As of 31 December 2024, employees of the Group held 2.17% of Rubis’ share capital through the “Rubis Avenir” mutual fund.

Contact

RUBIS – Legal department

Tel: +(33) 1 44 17 95 95

Attachment
- RUBIS: Launch of an employees shareholding plan “Rubis Avenir 2025”
The MIL Network –
February 13, 2025

MIL-OSI: Federal Home Loan Bank of Des Moines Announces 2024 Fourth Quarter and Annual Financial Results, Declares Dividend

Source: GlobeNewswire (MIL-OSI)

DES MOINES, Iowa, Feb. 12, 2025 (GLOBE NEWSWIRE) —

Fourth Quarter 2024 Highlights

Net income of $206 million
Affordable Housing Program (AHP) assessments of $23 million
Voluntary community and housing contributions of $19 million
Advances totaled $100.0 billion
Mortgage loans held for portfolio, net totaled $11.9 billion
Letters of credit totaled $20.1 billion
Retained earnings totaled $3.5 billion

Dividend

The Board of Directors approved a fourth quarter 2024 dividend to be paid at an annualized rate of 9.75% on average activity-based stock, an increase of 0.25% from prior quarter, and 6.00% on average membership stock, unchanged from the prior quarter. The Federal Home Loan Bank of Des Moines (the Bank) expects to make dividend payments totaling $138 million on February 19, 2025.

Liquidity Mission

The Bank provides liquidity to its members to support the housing, business, and economic development needs of the communities they serve. Members pledge collateral to access our core liquidity products of advances, letters of credit, and purchased mortgage loans under the Mortgage Partnership Finance^® Program. During 2024, advance balances averaged $107.4 billion, and purchased mortgage loan balances averaged $10.9 billion. The liquidity provided through these products allows our members to:

meet mortgage and other loan demand in their communities when deposits alone are insufficient;
originate mortgage loans without holding them on their balance sheet; and
reduce interest rate risk by structuring advances to match their assets.

In addition, the Bank provides a reliable source of contingent liquidity for its members. During 2024, the Bank held an average of $28.1 billion of short-term assets as a source of liquidity for this purpose.

Affordable Housing and Community Impact

The Bank’s housing and community development programs are central to its mission by providing reliable liquidity and funding to help its members build strong communities and support their affordable housing needs. The Bank contributes 10% of its net income each year to its AHP, an annual grant program that supports the creation, preservation, or purchase of affordable housing. This program includes a competitive AHP and two down payment products called Home$tart and the Native American Homeownership Initiative. During 2024, the Bank accrued statutory AHP assessments of $102 million to be awarded in 2025 through this program. In addition to the statutory assessment, the Bank voluntarily accrued $13 million for use in the AHP during 2024.

In addition to its AHP, the Bank offers its members voluntary programs to further its housing mission and provide support for affordable housing initiatives. During 2024, the Habitat for Humanity^® Advance Rate Discount program provided $100 million in 0% rate advances to members that originated or purchased mortgage loans from a Habitat for Humanity^® affiliate and recorded $22 million in subsidy expense. This source of low cost funding enables members to partner with Habitat for Humanity^® affiliates to offer lower-rate mortgages to homeowners and support the construction of affordable housing. In 2024, the Bank funded $310 million of loans under the Mortgage Rate Relief program, which provided $29 million in grants to those seeking affordable homeownership. Mortgage Rate Relief is designed to make homeownership attainable for borrowers at or below 80% of the area median income by providing them an interest rate that is lower than the current market rate. The Bank also recorded a $4 million contribution to its Member Impact Fund during 2024. The Member Impact Fund is a discretionary program in which the Bank matches member donations to local housing and community development organizations. Through these programs and our voluntary AHP contributions, the Bank recorded a total of $68 million in voluntary community and housing contributions during 2024.

2024 Financial Results Discussion

Net Income – The Bank recorded net income of $914 million in 2024 compared to $962 million in the prior year.

Net Interest Income – The Bank recorded net interest income of $1.2 billion in 2024, a decrease of $70 million when compared to the prior year, primarily due to lower average advance balances, decreases in market value adjustments on the Bank’s fair value hedge relationships, and lower prepayment fee income on advances. The decline was offset in part by improved asset-liability spreads on investments, driven by higher-yielding mortgage-backed security purchases.

Other Income (Loss) – The Bank recorded other income of $37 million in 2024, an improvement of $52 million when compared to the prior year, primarily due to the net changes in fair value on the Bank’s trading securities, fair value option instruments, and economic derivatives. During 2024, the improvement in other income was also driven by increased fees on standby letters of credit and net gains recorded on litigation settlements.

Other Expense – The Bank recorded other expense of $258 million in 2024, an increase of $37 million when compared to the prior year. The increase during 2024 was primarily driven by an increase in voluntary community and housing contributions of $21 million when compared to the prior year. Additionally, the increase during 2024 was driven by higher contract labor and consultant costs.

Assets – The Bank’s total assets decreased to $165.3 billion at December 31, 2024, from $184.4 billion at December 31, 2023, driven primarily by a decline in advances. Advances decreased $22.6 billion due mainly to a decline in borrowings by large depository institution members, offset in part by an increase in borrowings by insurance companies.

Capital – Total capital decreased to $9.5 billion at December 31, 2024, from $9.8 billion at December 31, 2023, primarily due to a decrease in activity-based capital stock resulting from a decline in advance balances.

Federal Home Loan Bank of Des Moines Financial Highlights (preliminary and unaudited) *Dollars in millions*
Selected Balance Sheet Items	December 31, 2024			December 31, 2023
Advances	$	99,951		$	122,530
Investments		52,032			49,828
Mortgage loans held for portfolio, net		11,896			9,967
Total assets		165,253			184,406
Consolidated obligations		153,251			171,498
Capital stock – Class B putable		5,989			6,873
Retained earnings		3,491			3,138
Total capital		9,451			9,831
Total regulatory capital¹		9,489			10,023
Regulatory capital ratio		5.74	%		5.44	%
1 Total regulatory capital includes capital stock, mandatorily redeemable capital stock, and retained earnings. The regulatory capital ratio is calculated as regulatory capital as a percentage of period end assets.

	For the Three Months Ended						For the Year Ended
	December 31,						December 31,
Operating Results		2024			2023			2024			2023
Net interest income	$	241		$	347		$	1,236		$	1,306
Provision (reversal) for credit losses on mortgage loans		1			—			(1	)		1
Other income (loss)		56			14			37			(15	)
Other expense		67			77			258			221
Affordable Housing Program assessments		23			28			102			107
Net income	$	206		$	256		$	914		$	962
Performance Ratios
Net interest spread		0.26	%		0.45	%		0.41	%		0.43	%
Net interest margin		0.56			0.74			0.70			0.72
Return on average equity (annualized)		8.76			10.36			9.52			10.30
Return on average assets (annualized)		0.47			0.53			0.51			0.52

The financial results reported in this earnings release for 2024 are preliminary until the Bank announces audited financial results in its 2024 Form 10-K filed with the Securities and Exchange Commission, expected to be available next month at www.fhlbdm.com and www.sec.gov.

The Bank is a member-owned cooperative whose mission is to be a reliable provider of funding, liquidity, and services for its members so that they can meet the housing, business, and economic development needs of the communities they serve. The Bank is wholly owned by nearly 1,250 members, including commercial banks, savings institutions, credit unions, insurance companies, and community development financial institutions. The Bank serves Alaska, Hawaii, Idaho, Iowa, Minnesota, Missouri, Montana, North Dakota, Oregon, South Dakota, Utah, Washington, Wyoming, and the U.S. Pacific territories of American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. The Bank is one of 11 regional banks that make up the Federal Home Loan Bank System.

Statements contained in this announcement, including statements describing the objectives, projections, estimates, or future predictions in the Bank’s operations, may be forward-looking statements. These statements may be identified by the use of forward-looking terminology, such as believes, projects, expects, anticipates, estimates, intends, strategy, plan, could, should, may, and will or their negatives or other variations on these terms. By their nature, forward-looking statements involve risk or uncertainty, and actual results could differ materially from those expressed or implied or could affect the extent to which a particular objective, projection, estimate, or prediction is realized. As a result, you are cautioned not to place undue reliance on such statements. A detailed discussion of the more important risks and uncertainties that could cause actual results and events to differ from such forward-looking statements can be found in the “Risk Factors” section of the Bank’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the SEC. These forward-looking statements apply only as of the date they are made, and the Bank undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact: Julie DeVader
515.412.2172
jdevader@fhlbdm.com

The MIL Network –

February 13, 2025

MIL-OSI: Innofactor updates its Dividend Distribution Policy

Source: GlobeNewswire (MIL-OSI)

Innofactor Plc Other information disclosed according to the rules of the Exchange, on February 12, 2025, at 18:00 Finnish time

Innofactor Plc’s Board of Directors has confirmed the company’s updated Dividend Distribution Policy on February 12, 2025. According to the renewed policy, the company will generally not pay dividends in the future but will instead use the retained earnings for growth-enhancing measures.

According to the previous policy, the aim of the company was to pay a dividend regularly each year. The goal was to pay about half of the result for the financial period in dividends, taking into account the company’s financial position, possible corporate reorganizations and other development needs.

Espoo, February 12, 2025

INNOFACTOR PLC

Sami Ensio, CEO

Additional information:
Sami Ensio, CEO
Innofactor Plc
Tel. +358 50 584 2029
sami.ensio@innofactor.com

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. www.innofactor.com #AIDriven #PeopleFirst #BeTheRealYou

The MIL Network –

February 13, 2025
MIL-OSI: PrimeXBT Introduces 0% Withdrawal Fees

Source: GlobeNewswire (MIL-OSI)

GRAND ANSE, Seychelles, Feb. 12, 2025 (GLOBE NEWSWIRE) — PrimeXBT, a leading global crypto and CFD broker, has introduced enhanced trading conditions, further strengthening its commitment to providing traders with a cost-efficient and flexible trading environment. With always-free deposits and now 0% withdrawal fees*, this update is designed to support active traders by providing greater financial flexibility and seamless access to global markets.

By providing free deposits and withdrawals, PrimeXBT enables traders to retain more capital for trading and capture opportunities in key markets like EUR/USD, NASDAQ, and Gold, reinforcing its commitment to a trader-focused approach.

“At PrimeXBT, we remain committed to providing traders with the best possible conditions. By introducing free withdrawals alongside our always-free deposits, we’re reinforcing our focus on cost efficiency, accessibility, and financial flexibility,” said Matthew Hayward, Senior Market Analyst at PrimeXBT. “This initiative is part of our broader effort to equip traders with the tools they need to succeed while keeping costs low.”

PrimeXBT continues to stand out with its latest enhancement, offering traders greater flexibility in managing their capital. With low trading fees for Forex, Indices, and Commodities starting from 0% commission, spreads from 0.1 pips on CFDs, and leverage up to 1000x, the platform remains a key destination for active traders.

This latest enhancement reflects PrimeXBT’s ongoing efforts to provide traders with maximum flexibility in managing their capital. With free deposits and withdrawals, industry-leading trading fees, and access to a wide range of financial instruments, PrimeXBT continues to empower traders with the tools they need to navigate global markets efficiently.

To learn more users can visit PrimeXBT.

*Withdrawals may be free for a limited time and up to a specified amount. T&C Apply.

About

PrimeXBT is a leading Crypto and CFD broker, that offers an all-in-one trading platform to buy, sell and store Cryptocurrencies, and trade over 100 popular markets, including Crypto Futures and CFDs on Crypto, Forex, Indices, and Commodities using both fiat or Crypto funds. Since its founding in 2018, PrimeXBT has grown exponentially, serving 1,000,000+ traders in 150+ countries worldwide. With an aim of making investing available to all, PrimeXBT lowers the barriers to entry providing an easy and secure access to the financial markets with industry-leading trading conditions and innovative tools. Clients enjoy the confidence of trading with a trusted and reliable financial service provider, committed to empowering traders and offering more for less.

Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. Virtual assets are inherently volatile and subject to significant value fluctuations, which could result in substantial gains or losses. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. PrimeXBT does not accept clients from Restricted Jurisdictions as indicated in its website.

Contact

PrimeXBT
pr@primexbt.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4f6c596d-3a4b-41c1-8487-596f656c2345

The MIL Network –

February 13, 2025
MIL-OSI: Kvika banki hf.: Consolidated Financial Statements 2024
Source: GlobeNewswire (MIL-OSI)

At a board meeting on 12 February 2025, the Board of Directors and the CEO approved the consolidated financial statements of Kvika banki hf. (“Kvika” or “the bank”) for the year 2024.

Highlights of performance in the fourth quarter (Q4 2024)
- Profit before tax from continuing operations amounts to ISK 1,601 million, compared to ISK 363 million in Q4 2023, increasing by ISK 1,238 million from previous year or 340%.
- Post-tax profit of the group as a whole amounts to ISK 3,447 million in Q4 2024, compared to ISK 1,578 million in Q4 2023, increasing by ISK 1,869 million from previous year or 118%.
- Net interest income amounts to ISK 2,498 million in Q4 2024, compared to ISK 2,331 million in Q4 2023, increasing by ISK 167 million from previous year or 7.1%.
- Net interest margin was 3.8% in Q4 2024, compared to 3.9% in Q4 2023.
- Net fee and commission income amounts to ISK 1,601 million in Q4 2024, compared to ISK 1,578 million in Q4 2023, increasing by ISK 23 million from previous year or 1.5%.
- Other net operating income amounts to ISK 567 million in Q4 2024, compared to ISK a 94 million in Q4 2023, increasing by ISK 473 million from previous year or 503%.
- Administrative expenses amount to ISK 2,864 million in Q4 2024, compared with ISK 2,779 million in Q4 2023, increasing by ISK 85 million from previous year or 3%.
- Pre-tax return on tangible equity (RoTE) of continuing operations amounted to 18.5%
- Earnings per share amounted to ISK 0.74 in Q4 2024, compared to ISK 0.33 in Q4 2023.
Income from assets held for sale:
- Post-tax profit of TM insurance is summarized in the income statement as asset held for sale and amount to ISK 1,919 million in Q4 2024, compared to ISK 990 million in Q4 2023.
- Combined ratio of insurance operations was 87.8%, compared to 92.5% in the fourth quarter of 2023.
Key balance sheet figures:
- Deposits from customers amount to ISK 163 billion at year-end 2024, compared to ISK 143 billion at year-end 2023 and increased by 15% in the year.
- Loans to customers amount to ISK 150 billion at year-end 2024, compared to ISK 136 billion at year-end 2023 and increased by 10%.
- Total assets amount to ISK 355 billion at year-end 2024, compared to ISK 335 billion at year-end 2023.
- Total equity of the group amount to ISK 90 billion at year-end 2024, compared to ISK 82 billion at year-end 2023.
- The capital adequacy ratio (CAR) was 22.8% at year-end 2024, compared to 22.6% at year-end 2023, and the solvency ratio of the financial conglomerate was 1.33.
- Total liquidity coverage ratio (LCR) of the group was 360% at year-end 2024, compared to 247% at year-end 2023.
- Total assets under management amount to ISK 456 billion, compared to ISK 470 billion at year-end 2023.
Highlights of the 2024 Consolidated Financial Statements:
- Profit before tax from continuing operations amounts to ISK 5,817 million in 2024, compared to ISK 3,009 million in 2023, increasing by ISK 2,808 million from previous year or 93.3%.
- Post-tax profit of the group as a whole amounts to ISK 8,150 million in 2024, compared to ISK 4,033 million in 2023, increasing by ISK 4,117 million from previous year or 102%.
- Net interest income amounts to ISK 9,681 million in 2024, compared to ISK 8,021 million in 2023, increasing by ISK 1,660 million from previous year or 21%.
- Net interest margin was 3.8% in 2024, compared to 3.6% in 2023.
- Net fee and commission income amounts to ISK 6,137 million in 2024, compared to ISK 5,916 million in 2023, increasing by ISK 220 million from previous year or 3.7%.
- Other net operating income amounts to ISK 1,367 million, compared to ISK 915 million in 2023, increasing by ISK 452 million from previous year or 49%.
- Administrative expenses amount to ISK 10,608 million, compared to ISK 10,785 million in 2023, decreasing by ISK 177 million from previous year or 1.6%.
- Pre-tax return on tangible equity (RoTE) from continuing operations was 18.8%, compared to 10.2% in 2023.
- Earnings per share amounted to ISK 1.73 in 2024, compared to ISK 0.84 in 2023.
Income from assets held for sale:
- Post-tax profit of assets classified as held for sale, which consist of subsidiary TM insurance, is summarized in the income statement and amounted to ISK 3,460 million in 2024, compared to ISK 1,730 million in 2023.
- Combined ratio of insurance operations was 93.9%, compared to 93.6% during the year 2023.
The Board of Directors of Kvika proposes that a dividend of 0.44 ISK per share for a total amount of ISK 2,050 million, taking into account treasury shares held by the Group, will be paid in the year 2025 on 2024 operations. The dividend payment amounts to 25% of profit after tax for the year, which is in line with the Bank’s dividend policy. Additionally, the Board will decide on an extraordinary dividend upon receipt of the purchase price for TM as well as initiating a share buy back programme, for which the Bank has received an approval from the Central Bank of Iceland that is contingent on the finalisation of the TM sale.

Ármann Þorvaldsson, CEO of Kvika:

“It is safe to say that 2024 has been transformative for the Bank. Characterized by a significant turnaround in Kvika’s operations following two challenging years, the year is also marked by the significant strategic steps taken towards streamlining the business through the sale of TM to Landsbankinn, which we hope will receive final approval in the coming weeks.

Profit before tax from continuing operations increased significantly between years, by over 90%, and return on tangible equity rose from 10.2% to 18.8%, which is slightly below the bank’s long-term target. The outcome was largely driven by a 21% increase in net interest income, alongside growth in both net investment- and net fee and commission income. However, it was not only the income side that delivered this good result. A reduction in staff and effective cost management resulted in a 1.6% decrease in operating expenses between years, during a period when inflation was around 6% with a backdrop of material wage increases.

TM’s operations were very good last year and the operating results of the Kvika Group as a whole were excellent. The Group’s profit after tax amounted to over ISK 8 billion in 2024, doubling from the previous year.

Looking ahead, we are optimistic about the prospects for the new year. Market conditions seem considerably better than a year ago, interest rates have started to decline and Kvika is well positioned to explore diverse opportunities in both Iceland and the UK. The sale of TM not only enables a substantial return to shareholders but also provides us the opportunity to leverage the remaining equity to expand our loan book. A larger loan book enhances our operational efficiency and increases stable income without a corresponding rise in costs while strengthening the bank’s foundation through a more diversified portfolio.

Furthermore, we are committed to significantly strengthening our investment banking and asset management operations, aiming to boost both fee and investment income moving forward.”

Presentation for shareholders and market participants

A presentation for shareholders and market participants is scheduled for Thursday, February 13, at 08:30, at Kvika’s headquarters, located on the 9th floor of Katrínartún 2. The presentation will be conducted in Icelandic, with a live stream available on the following website:
https://kvika.is/kynning-a-uppgjori-arsreikningur-2024

Meeting participants will be able to send questions before or during the meeting via ir@kvika.is or through the Slido app here.

Attached is the investor presentation. Additionally, a recording with English subtitles will be made available on Kvika’s website.

Attachments

The MIL Network –
February 13, 2025
MIL-OSI: Snagit and Camtasia 2025 Introduce AI and Screentelligence-Powered Workflows for Faster, More Impactful Content Creation
Source: GlobeNewswire (MIL-OSI)

EAST LANSING, Mich., Feb. 12, 2025 (GLOBE NEWSWIRE) — TechSmith Corporation, an industry leader in visual communication, today released the newest editions of its award-winning Snagit and Camtasia products with advanced features focusing on simplifying workflows and improving capture and recording experiences. Snagit is an essential tool for professionals who capture, enhance, and share screenshots and videos, creating polished visual content that advances workplace communication and collaboration. Camtasia is an industry-leading screen recording, video, and audio editing solution to simplify the creation of high-quality tutorials, demos, training, and visual content. The 2025 versions are the final annual releases before TechSmith transitions to continuous delivery through its new subscription offerings.

“We’ve enhanced Snagit and Camtasia with new AI and Screentelligence features to make it faster and easier for users to achieve their creative goals,” said Tony Lambert, CTO of TechSmith. “User feedback heavily inspired these improvements, helping us simplify and streamline our most popular workflows and features so users can create content with less effort and improve visual communication within teams and organizations. We’re excited to build on this foundation with continuous updates throughout the year.”

Screentelligence leverages machine learning models and TechSmith’s proprietary algorithms to provide users with context-aware layout, design, and editing suggestions. By analyzing metadata locally, data never leaves the user environment for optimal speed and security.

Snagit 2025 Features
Snagit 2025 leverages AI and Screentelligence-powered features to perform nearly all of the creation work, allowing users to focus on refining content. The new features enhance creation speed and professional polish across everyday training, documentation, and workplace communications. With Snagit 2025, users can boost clarity, protect privacy, and engage their audience more effectively.
- Step Capture: Quickly create visual how-to guides and step-by-step instructions by simply going through the process. Snagit captures the individual steps and clicks and automatically organizes them into a structured guide. This feature is ideal for HR and IT professionals, as well as team leads and managers who often document and share processes like how to use software or access files.
- Smart Redact: Automatically detects and blurs, pixelates, or redacts nine types of sensitive information from an image including mailing addresses, credit card or phone numbers, and more from screenshots with a single toggle.
- Background Noise Removal: Eliminates background noise on user audio in any environment. This feature is excellent for creating ad hoc videos in the office, at home, or in a coffee shop with none of the quality concerns.
- Customizable Share Link (enterprise exclusive): Enables single-click share link functionality with existing corporate platforms and environments such as OneDrive or Google Drive.
- Virtual Background Capabilities (Mac exclusive): Enables the blurring or changing of the webcam background during video recordings. Great for masking the cluttered home office or showcasing corporate branding while recording.
- Corner Rounding: Easily round the corners of screen captures to give a softer, more modern aesthetic.
- Instant Asset Access: Immediate retrieval of Snagit’s comprehensive Asset Library with one click of a button.
Camtasia 2025 Features
Camtasia 2025 delivers advanced AI and editing capabilities helping users effortlessly develop more polished and professional videos in a fraction of the time. The new features deliver a number of quality-of-life improvements that make it easier than ever to create and view tutorials, demos, and training content.
- Background Noise Removal: Instantly removes all background noise to provide clear audio. The effect is automatically applied while using Rev and can be applied manually to any recording or video in the editor.
- Dynamic Caption Editing: Manually adjust, add, or remove words and spaces in the dynamic captions feature instead of relying solely on the transcription.
- Smarter, More Engaging Cursor Movements: Advanced cursor enhancements that improve clarity, engagement, and instructional value in videos.
  - Cursor Motion Blur: Smooths onscreen cursor movements for a more natural, polished look—minimizing visible hesitations or unnatural pauses made during screen recording.
  - Kinetic Cursor: Enhances cursor movement by dynamically pointing in the direction of the next click, guiding viewers’ attention more effectively. Focus indicators like this new feature were ranked in the top five most important characteristics of training videos in TechSmith’s 2024 Video Viewer Trends Report.
  - Cursor Elevation: Brings the cursor to the front of the screen so it is never hidden behind other annotations, layers, or effects.
- AI Avatars (Camtasia Pro exclusive): Utilize a diverse selection of human avatars to deliver your message in video, ideal for training professionals seeking to localize and scale corporate training programs efficiently.
To learn about subscription and single license pricing and details for Snagit 2025, visit https://www.techsmith.com/store/snagit. To view subscription and single license pricing for Camtasia 2025 Essentials, Create, and Pro product plans, visit https://www.techsmith.com/store/camtasia.

About Snagit
Snagit is an award-winning tool for professionals to create polished visual content for workplace communication and collaboration. With a radically simple approach, Snagit allows users to capture images or videos of their screen, annotate content for clear instruction, and share within any preferred platform for viewing and/or team collaboration. Snagit is used by all Fortune 500 companies and more than 39 million people across more than 190 countries. Connect with Snagit on LinkedIn, Twitter, Facebook, and Instagram. For more information, visit https://www.techsmith.com/snagit/.

About Camtasia
Camtasia is an industry-leading screen recording, video, and audio editing solution to simplify the creation of high-quality tutorials, demos, training, and visual content. With a rich, expansive, and flexible feature set, Camtasia has the lowest barrier of entry of any recording and editing software, helping users educate, inspire, and excite their audience with professional-quality videos. Its intuitive Camtasia Rev workflow guides users through various size, layout, background, effect, and filter choices, empowering users of all skill levels to quickly create professional quality videos. Camtasia is used by more than 34 million people globally, including all Fortune 500 companies like Apple, Microsoft, Amazon and Google. In 2024, Camtasia was rated a top 5 screen and video capture solution by G2’s community of reviewers. For more information, visit www.techsmith.com/video-editor.html. Connect with Camtasia on LinkedIn, X, Facebook, and Instagram. For more information, visit https://www.techsmith.com/camtasia/.

About TechSmith
TechSmith is the market leader in screen capture software and productivity solutions for daily in-person, remote or hybrid workplace communication and customer-facing image and video content. The company’s award-winning flagship products, Snagit, Camtasia, and Audiate empower anyone to create remarkable videos and images that share knowledge for better training, tutorials, and everyday communication. TechSmith creates easy-to-use software and provides expert training resources and unmatched support — making TechSmith the global leader for easily creating effective images and videos. To date, billions of images and videos have been created with TechSmith’s products by more than 73 million people across more than 190 countries. TechSmith is ranked as a top 10 company in G2’s Spring 2024 report and winner of a 2024 Training Magazine Network Choice Award. Connect with TechSmith on LinkedIn, X (formerly Twitter), and Facebook. For more information, visit www.techsmith.com.

Media Contact:
Ross Blume
Fusion Public Relations
techsmith@fusionpr.com

The MIL Network –
February 13, 2025
MIL-OSI: Bigbank AS Renewed the Powers of the Members of the Supervisory Board

Source: GlobeNewswire (MIL-OSI)

On 11 February 2025, the general meeting of Bigbank AS adopted a resolution to extend the powers of Vahur Voll, Juhani Jaeger and Andres Koern as Supervisory Board members of Bigbank AS for the next two years, beginning on 26 February 2025 until 25 February 2027.

Bigbank AS (www.bigbank.eu), with over 30 years of operating history, is a commercial bank owned by Estonian capital. As of 30 November 2024, the bank’s total assets amounted to 2.7 billion euros, with equity of 271 million euros. Operating in nine countries, the bank serves more than 150,000 active customers and employs over 500 people. The credit rating agency Moody’s has assigned Bigbank a long-term deposit rating of Ba1, as well as a baseline credit assessment (BCA) and adjusted BCA of Ba2.

Argo Kiltsmann
Member of the Management Board
Tel: +372 53 930 833
Email: Argo.Kiltsmann@bigbank.ee
www.bigbank.ee

The MIL Network –

February 13, 2025
MIL-OSI: Trade Crypto with 100x Leverage on BexBack – Enjoy Double Deposit Bonus & $50 Welcome Gift – NO KYC

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, Feb. 12, 2025 (GLOBE NEWSWIRE) — With the price of bitcoin once again trading below $100,000, many analysts believe it will enter a long period of high volatility. Holding spot positions may not continue to generate profits in the short term. BexBack Exchange is stepping up its efforts to provide traders with irresistible preferential packages. The platform now offers a 100% deposit bonus, a $50 welcome bonus for new users, and a 100x leverage on cryptocurrency trading, creating unparalleled opportunities for investors.

What Is 100x Leverage and How Does It Work?

Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

With BexBack’s deposit bonus

BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

How Does the 100% Deposit Bonus Work?
The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

About BexBack?

BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

Why recommend BexBack?

No KYC Required: Start trading immediately without complex identity verification.

100% Deposit Bonus: Double your funds, double your profits.

High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

Convenient Operation: No slippage, no spread, and fast, precise trade execution.

Global User Support: Enjoy 24/7 customer service, no matter where you are.

Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

Take Action Now—Don’t Miss Another Opportunity!

If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

Website: www.bexback.com

Contact: business@bexback.com

Contact:
Amanda
business@bexback.com

Disclaimer: This content is provided by BexBack. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/2c949916-63ec-49bf-8315-2789892a6ac5

https://www.globenewswire.com/NewsRoom/AttachmentNg/de06fad7-8bb9-464d-9bd2-fd5692f22049

https://www.globenewswire.com/NewsRoom/AttachmentNg/6d5c4ef7-2abb-4af2-a0f4-023c8b06d4e2

https://www.globenewswire.com/NewsRoom/AttachmentNg/a4b88d21-dc6d-4073-b660-40c80c60cdbd

The MIL Network –

February 13, 2025

Trading venue (MIC Code)	Number of shares	Weighted average price / share, EUR*
XHEL	1,334,463	4.74
CEUX	–	–
BATE	–	–
AQEU	–	–
TQEX	–	–
Total	1,334,463	4.74

Date	Number of shares composing current share capital	Total number of voting rights
31 January 2025	800,316,777	Gross: 885,499,593

(being audited, in € millions)	2023	2024	Growth	of which organic
Revenues	741.2	810.4	+ 9.3%	+ 8.6%

	Contact
	RUBIS – Legal department
	Tel: +(33) 1 44 17 95 95