Mining Performance - Gryphon mined approximately 17 bitcoins in Q1 2025, a decrease of 88% from 142 bitcoins mined in Q1 2024 [182]. - Mining revenues fell to $1,558,000 in Q1 2025, down 79.2% from $7,490,000 in Q1 2024 [191]. - The average value of bitcoin mined increased by 76% to $93,000 in Q1 2025 from $53,000 in Q1 2024 [193]. - The cost to mine one bitcoin surged to $120,117 in Q1 2025, compared to $34,070 in Q1 2024, reflecting a significant increase in operational costs [183]. - The average daily global hashrate rose by 42% to 802.3 exahash in Q1 2025 from 564.7 exahash in Q1 2024 [194]. Financial Performance - The company reported a loss before provision for income taxes of $6,280,000 in Q1 2025, a 46.5% improvement from a loss of $11,744,000 in Q1 2024 [192]. - The company reported a net loss of $6,280,000 for the three months ended March 31, 2025, compared to a net loss of $11,744,000 for the same period in 2024 [235]. - Adjusted EBITDA for the three months ended March 31, 2025, was $(4,368,000), a decrease from $1,895,000 in the same period of 2024 [235]. Expenses and Costs - General and administrative expenses increased by 21.9% to $3,000,000 in Q1 2025 from $2,461,000 in Q1 2024 [196]. - Stock-based compensation expense increased to $772,000 for Q1 2025, up from $208,000 in Q1 2024, due to restricted stock units issued to the Board and Captus management team [201]. - Depreciation expense decreased to $1,071,000 for Q1 2025, down from $3,247,000 in Q1 2024, attributed to a reduction in the average remaining useful life of the mining fleet [202]. - The cost of revenues decreased to $2,054,000 in Q1 2025 from $4,837,000 in Q1 2024, primarily due to increased Bitcoin network hashrate and higher energy costs [195]. Cash Flow and Capital Resources - Net cash used in operating activities was approximately $3,219,000 in Q1 2025, compared to $983,000 in Q1 2024, primarily due to cash expenditures for operating activities [214]. - Net cash used in investing activities was approximately $1,780,000 in Q1 2025, which included $558,000 for mining equipment purchases and $1,222,000 for deposits under asset acquisition agreements [216]. - Net cash provided by financing activities was approximately $4,582,000 in Q1 2025, significantly higher than $1,805,000 in Q1 2024, driven by proceeds from the issuance of common stock [217]. - As of March 31, 2025, the company had cash and cash equivalents of $318,000, down from $735,000 as of December 31, 2024, with an accumulated deficit of approximately $73,652,000 [210]. - The company anticipates needing additional capital resources to fund operations and may consider selling additional equity or debt securities, which could dilute existing shareholders [211]. Accounting and Reporting - The adoption of ASU 2023-08 on January 1, 2024, resulted in a $740,000 increase in the company's digital assets [236]. - The company has implemented ASU 2023-07, which requires the disclosure of significant segment expenses and expanded interim disclosures [237]. - The company considers accounting estimates critical if they involve highly uncertain assumptions and could materially impact financial results [230]. - No new accounting standards updates (ASUs) were assessed as applicable to the company's financial position as of the issuance of the consolidated financial statements [232]. - The company defines adjusted EBITDA as GAAP net income (loss) plus adjustments for depreciation, interest expense, income tax expense, and non-cash/non-recurring items [233]. - The company is subject to new segment reporting requirements effective for fiscal years beginning after December 15, 2023 [237]. Unrealized Gains and Losses - The company incurred an unrealized loss on digital assets of $127,000 in Q1 2025, compared to an unrealized gain of $1,703,000 in Q1 2024, with Bitcoin's fair market value dropping from approximately $71,000 to $83,000 [203]. - Unrealized loss on marketable securities was $66,000 in Q1 2025, a significant improvement from a loss of $216,000 in Q1 2024, reflecting a decrease in the fair market value of underlying securities [205]. - The company recognized a gain of $449,000 from the extinguishment of accounts payable following a settlement agreement with Sphere 3D [206].

"We're managing cash tightly, prioritizing commitments that move the company forward," said Mark Heinen, Chief Financial Officer of Volato. "The combination of operational discipline, creditor engagement, and a focused capital raise is designed to extend our runway and position Volato for long-term financial sustainability." Volato Reports Positive Net Income in Q1 2025 and Over $20 Million in Debt Reduction; Targets Additional Settlements and Capital Raise to Extend Operating Runway Atlanta, GA – May 15, 2 ...

Volato Reports Positive Net Income in Q1 2025 and Over $20 Million in Debt Reduction; Targets Additional Settlements and Capital Raise to Extend Operating Runway Atlanta, GA – May 15, 2025 – Volato Group, Inc. (NYSE American: SOAR) ("Volato" or the "Company"), a private aviation innovator, today announced financial results for the first quarter of 2025, achieving profitability from continuing operations and reducing total liabilities by over $20 million. The Company also disclosed its intention to raise add ...

Exhibit 99.1 AquaBounty Technologies Announces First Quarter 2025 Financial Results HARVARD, Mass., May 15, 2025 –AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights "As stated in our previous announcement, AquaBounty plans to continue to work with our investment ban ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) | Virginia | 11-3588546 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | Incorporation or organization) | Identification No.) | | 48 Wall Street, Suite 1100 | | | New York, NY | 10005 | | (Address of principal executive offices) | (Zip Code) | (718) 888-1814 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: ☒ QUARTERLY REPORT PURSUA ...

UNITED STATES SECURITIES AND EXCHANGECOMMISSION Washington D.C. 20549 Form 10-Q For the Quarterly Period ended March 31, 2025 ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file No. 000-27866 (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 88-0271109 (IRS Employer Identification No.) 100 ...

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: 001-35813 ORAMED PHARMACEUTICALS INC. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 98-0376008 | | --- | --- | | (State or Other Jurisdiction of | (I.R.S. Em ...

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 (Exact name of registrant as specified in its charter) Delaware 52-2175898 (State or other jurisdiction of incorporation or organization) Room 1707, Block D, Modern City SOHO No. 88, Jianguo Road, Cha ...

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 No. 001-41022 Rigel Resource Acquisition Corp (Exact name of registrant as specified in its charter) | Cayman Islands | 98-1594226 | | --- ...

iPower Reports Fiscal Third Quarter 2025 Results iPower Management to Host Conference Call Today at 4:30 p.m. Eastern Time RANCHO CUCAMONGA, CA, May 15, 2025 -- iPower Inc. (Nasdaq: IPW) ("iPower" or the "Company"), a tech and data-driven ecommerce services provider and online retailer, today announced its financial results for the fiscal third quarter ended March 31, 2025. Fiscal Q3 2025 Results vs. Year-Ago Quarter Management Commentary Exhibit 99.1 "We made important strides in strengthening our operatio ...