☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the quarterly period ended March 31, 2025 ☐ 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: 001-42368 RISING DRAGON ACQUISITION CORP. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State ...

Financial Performance - Research & Development Revenue for FY 2024 was $29.6 million, a 63.5% increase from $18.1 million in FY 2023[12] - The net loss for FY 2024 was $(15.3) million, or $(0.85) per share, compared to a net loss of $(20.9) million, or $(1.48) per share, for FY 2023[17] - Gross profit for the year ended December 31, 2024, was $13,274,000, up 68% from $7,880,000 in 2023[31] - Operating loss decreased to $6,582,000 for the year ended December 31, 2024, compared to $12,984,000 in 2023, indicating improved operational efficiency[31] - Net loss for the year ended December 31, 2024, was $15,315,000, a reduction from $20,854,000 in 2023, reflecting a 27% improvement[31] - Basic and diluted net loss per share for 2024 was $0.85, down from $1.48 in 2023, showing a significant reduction in loss per share[31] - Total comprehensive loss for the year ended December 31, 2024, was $15,324,000, compared to $20,842,000 in 2023, reflecting a 27% decrease[31] - Cash used in operating activities for the year ended December 31, 2024, was $9,198,000, an improvement from $13,240,000 in 2023[33] - Net cash provided by financing activities in 2024 was $9,575,000, compared to $3,844,000 in 2023, indicating increased financing support[33] - The company ended 2024 with cash of $5,157,000, up from $4,790,000 at the beginning of the year[33] Revenue Projections - The Company expects to realize its first commercial product revenue in the second half of 2025, with a forecasted revenue of approximately $21.5 million for FY 2025[19] Research and Development - The Company has a multi-year, non-dilutive BARDA PBS contract valued at up to $150 million, with an initial award of approximately $54.9 million[4] - Research and development revenue for Q4 2024 was $7,604,000, a 44% increase from $5,287,000 in Q4 2023[31] - The Burn Validation Study involved 160 patients at 14 burn centers across the US, making it one of the largest burn studies conducted[9] - The Company plans to submit regulatory filings for the DeepView System for burns in the first half of 2025[3] Product Performance - The DeepView System achieved an image-wise sensitivity score of 86.6%, significantly outperforming burn physicians' clinical judgment annotation score of 40.8%[5] Contractual Agreements - The Company completed an equity financing and long-term debt transaction, raising $11.2 million to support its objectives[16] Margins - The gross margin for FY 2024 rose to 44.9% from 43.6%, reflecting the expansion of work under the BARDA PBS contract[13] Cash Position - As of December 31, 2024, cash was $5.2 million, with total current assets amounting to $10.1 million[29]

(MARK ONE) 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 quarter ended March 31, 2025 ☐ 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: 001-42414 Dynamix Corporation (Exact Name of Registrant as Specified in Its Charter) Cayman Islands 00-0000000 (State or other jurisdiction of ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission file number: 001-42414 (MARK ONE) FORM 10-Q (I.R.S. Employer Identification No.) 1980 Post Oak Blvd., Suite 100 PMB 6373 Houston, TX, 77056 (Address of principal executive offic ...

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: 001-41934 FibroBiologics, Inc. (Exact name of registrant as specified in its charter) Delaware 86-3329066 (State or other jurisdic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the transition period from to NORTECH SYSTEMS INCORPORATED Commission file number 0-13257 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 State of Incorporation: Minnesota IRS Employer Identification No. 41-1681094 Executive Offices ...

Table of Contents 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 Commission file number 001-39223 Sadot Group Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Indicate by check mark whether the registrant has submitted electronically ev ...

Table of Contents 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 Commission file number 001-39223 Sadot Group Inc. (Exact name of registrant as specified in its charter) | Nevada | | --- | (State or other jurisdiction (I.R.S. Employer of incorpora ...

Table of Contents OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 WASHINGTON, D.C. 20549 For the transition period from ___________________ to ___________________ 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 30, 2025 Commission File Number: 001-41059 Lulu's Fashion Lounge Holdings, Inc. (Exact Name of Registrant ...

Revenue Growth - In Q1 2025, revenues increased by 5% to $22.0 million compared to $21.0 million in Q1 2024, driven by strong growth in ACH and complementary services [119]. - Total revenue for the quarter ended March 31, 2025, increased by 5% to $22.0 million, compared to $21.0 million for the same period in 2024, driven primarily by a 30% growth in ACH and complementary services [155]. - The company reported revenues of $22,009,050 for Q1 2025, compared to $20,970,386 in Q1 2024 [151]. Transaction Growth - Credit card transactions processed increased by 65% in Q1 2025 compared to Q1 2024, with credit card dollar volume up by 17% [126]. - ACH transaction counts rose by 36% in Q1 2025 compared to Q1 2024, with electronic check dollars processed increasing by 42% [127]. - ACH and complementary services revenue growth was attributed to a 42% increase in ACH check dollar volume, a 36% increase in transactions, and a 24% increase in returned check transactions [155]. Financial Performance - Adjusted EBITDA for Q1 2025 was $0.7 million, down from $0.8 million in the same period last year, with Adjusted EBITDA margins at 3.0% compared to 3.8% [149]. - Gross profit decreased by 1% to $4.8 million for the quarter ended March 31, 2025, with a gross profit percentage of revenue at 21.9%, down from 23.1% in the prior year [159]. - Net loss for the quarter ended March 31, 2025, was $0.2 million, an improvement from a net loss of $0.3 million for the same period in the prior year [166]. Cash Flow - Cash provided by operations was $1.4 million for the three months ended March 31, 2025, compared to $0.1 million for the same period in 2024, reflecting improved net income and reduced depreciation expense [176]. - Cash used in investing activities increased to $0.3 million for the three months ended March 31, 2025, primarily due to capital expenditures associated with software development and other investments [177]. - Cash provided by financing activities was $3.6 million for the three months ended March 31, 2025, compared to cash used of $6.8 million in the same period in 2024, driven by an increase in assets held for customers [178]. Expenses Management - The company has a focus on managing selling, general, and administrative expenses, maintaining them at $4.1 million, flat compared to the prior year [120]. - Cost of services increased by 7% to $17.2 million for the quarter ended March 31, 2025, due to increased revenues driving similar increases in processing and transactional expenses [157]. - Stock-based compensation expenses decreased to $0.4 million for the quarter ended March 31, 2025, down from $0.5 million in the prior year [160]. Strategic Initiatives - The company adopted a "One Usio" strategy to unify brand and sales approach, enhancing client onboarding and customer management [106]. - The company aims to assimilate current and future acquisitions to enhance its suite of payment technologies, with past acquisitions contributing significantly to current revenues [123]. - The company continues to invest in technology for faster payment methods, including expansion into Real Time Payments (RTP) in 2023 [105]. Market Position and Risks - The company holds NACHA certification for Third-Party Senders, being one of only nine companies to do so, enhancing its credibility in the market [108]. - Concerns about a potential recession increased during Q1 2025 due to geopolitical risks and changes in international trade policies [132]. - The Federal Reserve's interest rate cuts in late 2024 have led to lower interest earnings on cash accounts, impacting future income [131]. Prepaid Card Performance - The company’s prepaid card offerings include customizable options for expense management and disbursements, supporting various payment methods [113]. - Prepaid card load volumes decreased by 15% in Q1 2025 compared to Q1 2024, while transaction counts increased by 5% [128]. Processing Losses - The reserve for processing losses was $541,521 as of March 31, 2025, down from $897,116 at December 31, 2024 [138]. - Interest earnings from cash balances amounted to $0.5 million in Q1 2025, with $0.4 million recognized as revenue [131].