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OptimumBank(OPHC) - 2025 Q1 - Quarterly Report
2025-05-12 16:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to _________ Commission File Number: 001-42447 OPTIMUMBANK HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other ju ...
Kirby(KEX) - 2025 Q1 - Quarterly Report
2025-05-12 16:22
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 or Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-7615 KIRBY CORPORATION (Exact name of registrant as specified in its charter) Nevada 74-1884980 (State or other jurisdiction of incorporation or ...
Where Food es From(WFCF) - 2025 Q1 - Quarterly Results
2025-05-12 16:12
Exhibit 99.1 Where Food Comes From, Inc. Reports 2025 First Quarter Financial Results First Quarter Highlights – 2025 vs. 2024 CASTLE ROCK, Colo., May 08, 2025 (GLOBE NEWSWIRE) — Where Food Comes From, Inc. (WFCF) (Nasdaq: WFCF), the most trusted resource for independent, third-party verification of food production practices in North America, today announced financial results for its first quarter ended March 31, 2025. "Our beef verification business, which represents approximately one-half of revenue mix, ...
Hawthorn Bancshares(HWBK) - 2025 Q1 - Quarterly Report
2025-05-12 16:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______________ to ______________ Commission file number: 0-23636 Missouri 43-1626350 (State or other jurisdiction of (I.R.S. Employer Identification No.) 132 ...
CKX(CKX) - 2025 Q1 - Quarterly Report
2025-05-12 16:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-31905 CKX Lands, Inc. (Exact name of registrant as specified in its charter) Louisiana 72-0144530 (State or other jurisdiction of incorporation or organization) 2417 Shell Beach ...
Blade(BLDE) - 2025 Q1 - Quarterly Report
2025-05-12 15:27
Financial Performance - Total revenue increased by $2.8 million or 5.4%, from $51.5 million in Q1 2024 to $54.3 million in Q1 2025[148]. - For the three months ended March 31, 2025, total revenue increased by 5.4% to $54.3 million from $51.5 million in the same period of 2024[162]. - Passenger segment revenue rose by $2.9 million, or 18.5%, from $15.5 million in 2024 to $18.4 million in 2025[164]. - Medical segment revenue decreased by $0.1 million, or 0.2%, from $36.0 million in 2024 to $35.9 million in 2025[167]. - Adjusted EBITDA improved by $2.3 million, from $(3.5) million in Q1 2024 to $(1.2) million in Q1 2025, primarily due to a $2.7 million improvement in the Passenger segment[171]. - Gross profit increased by $2.2 million, or 38.3%, from $5.9 million in Q1 2024 to $8.1 million in Q1 2025[172]. - Flight profit increased by $1.8 million, or 18.1%, from $10.1 million in Q1 2024 to $12.0 million in Q1 2025[172]. - Gross margin improved from 11.4% in Q1 2024 to 14.9% in Q1 2025[173]. - Flight margin increased from 19.7% in Q1 2024 to 22.1% in Q1 2025[173]. - The company had a net loss of $3.5 million for the three months ended March 31, 2025, an improvement from a net loss of $4.2 million in the same period of 2024[170]. Operational Highlights - Blade reported a total of 13,884 seats flown in all passenger flights for the three months ended March 31, 2025, compared to 13,286 seats in the same period of 2024, representing a growth of approximately 4.5%[116]. - The company discontinued operations in Canada on August 31, 2024, which previously accounted for 14,120 seats flown in the three months ended March 31, 2024[117]. - The company acquired ten fixed-wing aircraft dedicated to the Medical segment over the course of 2024, aiming to improve economies of scale and service reliability[120]. - Blade's proprietary technology stack enables real-time tracking of organ transports and passenger flights, enhancing operational efficiency and scalability[122]. - The MediMobility Organ Transport product line serves transplant centers and hospitals, with transportation requests typically made only hours before departure, emphasizing the need for reliability[126]. - Blade's growth strategy includes expanding its by-the-seat product offerings, which are crucial for increasing passenger revenue despite variability in pricing[115]. - The company anticipates leveraging the lower operating costs of Electric Vertical Aircraft (EVA) to reduce consumer prices and expand into new markets[123]. - Blade's ability to attract and retain fliers is critical, as competition from various transportation options necessitates effective marketing and service offerings[125]. - The organ transportation market is highly competitive, with Blade facing challenges from manufacturers of organ preservation equipment that also provide transportation services[127]. Revenue Breakdown - Short Distance revenue decreased by $0.5 million or (5.4)% from $9.8 million in Q1 2024 to $9.3 million in Q1 2025, primarily due to the termination of Canada routes[149]. - Jet and Other revenue increased by $3.4 million or 59.9%, from $5.7 million in Q1 2024 to $9.1 million in Q1 2025, driven by growth in jet charters[150]. - MediMobility Organ Transport revenue decreased by $(0.1) million or (0.2)% from $36.0 million in Q1 2024 to $35.9 million in Q1 2025 due to lower air flight hours[151]. Cost and Expenses - Cost of revenue increased by $1.0 million or 2.3%, from $41.4 million in Q1 2024 to $42.3 million in Q1 2025, with a decrease in cost of revenue as a percentage of revenue from 80% to 78%[152][153]. - Software development costs increased by $0.1 million or 21.2%, from $0.7 million in Q1 2024 to $0.8 million in Q1 2025[155]. - General and administrative expenses increased by $0.1 million or 0.6%, from $17.2 million in Q1 2024 to $17.3 million in Q1 2025[156]. - Selling and marketing expenses decreased by $(0.7) million or (32.6)%, from $2.1 million in Q1 2024 to $1.4 million in Q1 2025[158]. - Total other non-operating income decreased by $(1.5) million or (26.6)%, from $5.5 million in Q1 2024 to $4.1 million in Q1 2025[159]. Cash Flow and Liquidity - As of March 31, 2025, total liquidity was $120.0 million, consisting of cash and cash equivalents of $34.8 million and short-term investments of $85.2 million[186]. - For the three months ended March 31, 2025, net cash used in operating activities was $0.2 million, compared to $15.6 million for the same period in 2024[195][196]. - Net cash provided by investing activities for the three months ended March 31, 2025, was $20.4 million, driven by $107.8 million from maturities of held-to-maturity investments[197]. - The company has a stock repurchase program authorized for up to $20.0 million, with approximately $19.8 million remaining as of March 31, 2025[191]. - For the three months ended March 31, 2025, net cash used in financing activities was $4.2 million, primarily due to payroll tax payments on behalf of employees[199]. - The cash increase for the three months ended March 31, 2025, was $16.0 million, compared to an increase of $9.0 million for the same period in 2024[194]. - The company believes no additional capital will be needed to execute its current business plan over the next 12 months[192]. - The company’s longer-term liquidity requirements will depend on factors including market expansion pace and customer retention[192]. - As of March 31, 2025, the company has commitments to purchase flights with minimum guarantees of $4.9 million and $6.1 million for the years ending December 31, 2025 and 2026, respectively[189]. - The company has operating lease obligations with expected annual minimum payments of $1.6 million and $2.1 million for the years ending December 31, 2025 and 2026, respectively[189]. - The company entered into a technology service agreement for cloud computing services, committing to spend $0.6 million and $1.6 million for the years ending December 31, 2025 and 2026, respectively[190].
Atlanta Braves (BATRK) - 2025 Q1 - Quarterly Report
2025-05-12 15:12
Revenue Performance - Total revenue for the three months ended March 31, 2025, was $47.211 million, an increase of 27.4% compared to $37.080 million in the same period of 2024[132]. - Baseball revenue increased to $28.621 million in Q1 2025, up 30.2% from $21.970 million in Q1 2024, primarily driven by a $2.2 million increase in broadcasting revenue[133]. - Mixed-Use Development revenue rose to $18.590 million, a 23.8% increase from $15.110 million in the prior year, mainly due to a $3.1 million increase in rental income[134]. Operating Performance - Operating loss decreased to $44.452 million in Q1 2025, improving by $7.9 million from a loss of $52.355 million in Q1 2024[139]. - Adjusted OIBDA improved to a loss of $28.549 million in Q1 2025, a $5.2 million increase compared to a loss of $33.754 million in Q1 2024[140]. - Baseball operating costs increased by $3.6 million in Q1 2025, primarily due to a $1.1 million rise in major league player salaries[135]. - Selling, general and administrative expenses rose by $1.2 million in Q1 2025, attributed to increased personnel costs[137]. - Stock-based compensation decreased by $1.1 million in Q1 2025, reflecting a reduction in outstanding awards[138]. Net Loss - The company reported a net loss of $41.391 million for Q1 2025, compared to a net loss of $51.272 million in Q1 2024[132]. - The Company's net losses were $41.4 million for the three months ended March 31, 2025, an improvement from net losses of $51.3 million in the same period of the prior year[146]. Tax and Cash Position - The Company's effective tax provision increased by $8.5 million for the three months ended March 31, 2025, compared to the same period in the prior year[145]. - The Company's cash and cash equivalents totaled $244.7 million as of March 31, 2025, primarily invested in U.S. Treasury securities and other highly rated financial instruments[147]. Debt and Credit Facilities - As of March 31, 2025, the Company had $259.9 million in floating rate debt with a weighted average interest rate of 6.2%[158]. - The Company had $442.6 million in fixed rate debt with a weighted average interest rate of 4.4% as of March 31, 2025[158]. - The maximum amount available under the League Wide Credit Facility (LWCF) was $125.0 million as of March 31, 2025, which remains undrawn[151]. - The MLB Facility Fund Revolver had a maximum availability of $38.5 million as of March 31, 2025, and was fully drawn[152]. - The TeamCo Revolver provides revolving commitments of $150.0 million, with full availability as of March 31, 2025[153]. Adjusted OIBDA - Baseball Adjusted OIBDA increased by $2.1 million for the three months ended March 31, 2025, compared to the same period in the prior year[141]. - Mixed-Use Development Adjusted OIBDA increased by $3.0 million for the three months ended March 31, 2025, compared to the same period in the prior year[141]. Corporate Structure - The company completed a tax-free Split-Off transaction on July 18, 2023, transitioning to a standalone public company[124].
Atlanta Braves (BATRA) - 2025 Q1 - Quarterly Report
2025-05-12 15:12
Revenue Performance - Total revenue for the three months ended March 31, 2025, was $47.2 million, an increase of 27.4% compared to $37.1 million for the same period in 2024[132]. - Baseball revenue increased to $28.6 million in Q1 2025, up 30.3% from $22.0 million in Q1 2024, primarily driven by a $2.2 million increase in broadcasting revenue[133]. - Mixed-Use Development revenue rose to $18.6 million, a 23.8% increase from $15.1 million in the prior year, mainly due to a $3.1 million increase in rental income[134]. Loss and Expenses - Operating loss decreased to $44.5 million in Q1 2025 from $52.4 million in Q1 2024, reflecting improved revenue performance[139]. - Net loss for the three months ended March 31, 2025, was $41.4 million, compared to a net loss of $51.3 million in the same period last year[132]. - Adjusted OIBDA improved to a loss of $28.5 million in Q1 2025, a $5.2 million improvement from a loss of $33.8 million in Q1 2024[140]. - Baseball operating costs increased by $3.6 million, primarily due to a $1.1 million rise in major league player salaries and $1.6 million in expenses for events held at Truist Park[135]. - Selling, general and administrative expenses rose by $1.2 million, mainly due to increased personnel costs[137]. - Stock-based compensation decreased by $1.1 million, reflecting a reduction in outstanding awards[138]. Adjusted OIBDA - Baseball Adjusted OIBDA increased by $2.1 million for the three months ended March 31, 2025, compared to the same period in the prior year[141]. - Mixed-Use Development Adjusted OIBDA increased by $3.0 million for the three months ended March 31, 2025, compared to the same period in the prior year[141]. Financial Position - The Company's cash and cash equivalents totaled $244.7 million as of March 31, 2025[147]. - The maximum amount available under the League Wide Credit Facility was $125.0 million as of March 31, 2025, which remains undrawn[151]. - The maximum amount available under the MLB Facility Fund Revolver was $38.5 million as of March 31, 2025, and was fully drawn[152]. - The TeamCo Revolver provides revolving commitments of $150.0 million, with availability as of March 31, 2025, being $150.0 million[153]. Debt and Tax Provision - The Company had $259.9 million in aggregate principal amount of floating rate debt with a weighted average interest rate of 6.2% as of March 31, 2025[158]. - The Company had $442.6 million in aggregate principal amount of fixed rate debt with a weighted average interest rate of 4.4% as of March 31, 2025[158]. - The Company's effective tax provision increased by $8.5 million for the three months ended March 31, 2025, compared to the same period in the prior year[145]. Corporate Structure - The company completed a tax-free Split-Off transaction on July 18, 2023, transitioning to a standalone public company[124].
Live Ventures rporated(LIVE) - 2025 Q2 - Quarterly Results
2025-05-12 15:05
LAS VEGAS, May 8, 2025 -- Live Ventures Incorporated (Nasdaq: LIVE) ("Live Ventures" or the "Company"), a diversified holding company, today announced financial results for its fiscal second quarter 2025 ended March 31, 2025. Fiscal Second Quarter 2025 Key Highlights: "Continuing the trend from the first quarter of fiscal year 2025, our Retail-Entertainment and Steel Manufacturing segments delivered improved operating performance in the second quarter, with higher operating income and operating margin compa ...
Essential Utilities(WTRG) - 2025 Q1 - Quarterly Results
2025-05-12 14:53
Exhibit 99.1 "We're off to a great start to the year," said Essential Utilities Chairman and Chief Executive Officer Christopher Franklin. "Our investments in infrastructure have set the stage for achieving our expected growth in 2025 and beyond. We are excited to also announce that, for the third consecutive year, we have been named to USA Today's annual list of Climate Leaders. We are proud that our commitment to protecting and providing essential resources for life continues to be recognized". First Quar ...