Delivers 35,045 units in April, up 273% YoY30,000+ vehicles delivered monthly for six consecutive months GUANGZHOU, China, May 01, 2025 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for April 2025. In April, XPENG delivered 35,045 Smart EVs, marking a 273% increase year-over-year, surpassing 30,000 units for the six consecutive month. Cumulative deliveries of XP ...

Record 2024 Topline¹ revenue of $22.32 million, up 31% from 2023Record 2024 GAAP revenue of $16.04 million, up 39% from 20232024 Adjusted EBITDA¹ of +490K compared to ($1.38) million in 20232024 gross margin of $5.75 million, up from 8% from 2023Q4 2024 Topline¹ revenue of $5.74 million, up 15% from Q4 2023Q4 2024 GAAP revenue of $4.04 million, a 20% increase over Q4 2023Q4 2024 gross margin of $1.37 million, compared to 1.57 million in Q4 2023Met profitability milestone by achieving positive cash flow from ...

Core Viewpoint - Clear Blue Technologies International Inc. has successfully completed financial restructuring in Q4 2024, positioning the company for strong growth in 2025 [1][3]. Financial Results - Bookings increased to $5,071,105, a 105% increase compared to $2,469,846 as of December 31, 2023, with delivery expected over the next three years [5]. - TFQ revenue was $2,758,295, a 49% decrease from $5,403,589 in F2023 [5]. - TFQ recurring revenue was $759,261, a 2% increase from $747,148 in F2023 [5]. - TFQ Gross Profit decreased to $1,349,792, a 45% decrease compared to $2,471,345 in the comparable period, while gross margin percentage increased to 49% from 46% in F2023 [5]. - Non-IFRS Adjusted EBITDA for the period was ($2,960,457), a 51% degradation from ($1,959,397) in the previous period [5]. - Cash as of December 31, 2024, was $339,905 and remained stable through Q1 [5]. Corporate Update & Financial Outlook - The final quarter of 2024 was challenging due to uncertainty around contracted grant funding, prompting the company to implement significant measures to enhance its financial position [3]. - Cost reductions exceeded $3 million, excluding an additional $1 million in interest savings from a successful debt conversion initiative [6]. - The company expects a more balanced cash flow profile, enabling resource allocation toward core growth initiatives and operational execution [3]. Strategic Positioning - Clear Blue has established relationships with marquee customers globally, reducing dependence on U.S. customers [4]. - The company enters 2025 with strong momentum, reporting $5,866,625 in bookings, a 138% increase over 2024 [7]. - The company has announced three major agreements in the past six months, reinforcing its growth trajectory [7].

Core Viewpoint - Firm Capital Apartment Real Estate Investment Trust is undergoing a strategic review to dispose of its remaining wholly owned assets and evaluate future uses for the Trust [1][2] Financial Performance - For the three months ended December 31, 2024, the Trust reported a net loss of $126,074 compared to a net income of $807,897 for the previous quarter and a net loss of $469,539 for the same period in 2023 [4] - The net income before fair value adjustments for the same period was $140,008, showing a slight decrease from $142,916 in the previous quarter and a loss of $339,306 in the same period last year [4] - Funds from Operations (FFO) for the three months ended December 31, 2024, was $202,009, down from $252,334 in the previous quarter and a loss of $869,210 in the same period last year [4] - Adjusted Funds from Operations (AFFO) for the three months ended December 31, 2024, was $156,015, consistent with the previous quarter and an improvement from a loss of $317,857 in the same period last year [4] Strategic Review Progress - The Trust has successfully disposed of four of its six wholly owned assets for gross proceeds of approximately $71.6 million, with net sale proceeds of about $28 million used for debt repayment [5] - The Trust has repaid $60.7 million in debt, including $13.7 million in convertible debentures and $5.1 million in a bridge loan [5] - The Trust has two remaining wholly owned assets in Houston, Texas, which are actively being marketed [7] Joint Venture and Investment Updates - The Trust completed the sale of a joint venture property in Maryland for $15.9 million, resulting in net proceeds of approximately $4.1 million, of which the Trust received about $1.1 million due to its 25% ownership [7] - A joint venture investment in Hartford, Connecticut, refinanced its mortgage, generating net proceeds of $2.2 million, which allowed for a repayment of $1.7 million owed to the Trust [8] - The Trust holds three preferred capital investments with a gross principal balance of approximately $9.5 million, earning interest rates of 10%, 12%, and 9% across different portfolios [8] Net Asset Value - The Trust reported a Net Asset Value (NAV) of $6.57 per Trust Unit (CAD $9.36), which includes disposition costs of assets held for sale [2]

Vancouver, BC, April 30, 2025 (GLOBE NEWSWIRE) -- Spirit Blockchain Capital Inc. (CSE: SPIR / OTCQB: SBLCF) (“Spirit” or the “Company”) announces that it has filed its audited financial statements and related management’s discussion and analysis (“MD&A”) for the fiscal year ended December 31, 2024. The audited financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and were audited by SCRO, Chartered Professional Accountants. As part of the audit, the ...

Core Insights - Menē Inc. reported financial results for Q4 and the fiscal year 2024, highlighting significant revenue growth and operational restructuring efforts [1][5][7] Financial Highlights - Q4 2024 revenue reached $9.1 million, a 33% increase from $6.9 million in Q4 2023 [5] - Annual revenue for FY 2024 was $25.8 million, an 11% increase from $23.3 million in FY 2023 [5][9] - Gross profit for Q4 2024 was $2.8 million with a gross profit margin of 31%, up from 24% in Q4 2023 [5] - Total comprehensive loss for Q4 2024 was $0.3 million, an increase of $1.4 million from a loss of $1.7 million in Q4 2023 [5] - Non-IFRS adjusted revenue for FY 2024 was $30.5 million, an increase of $2.7 million year-over-year [5] Operational Highlights - The company sold 73 kilograms of jewelry in Q4 2024, comprising 7,226 units sold [5][6] - Total jewelry sold since inception reached 183,000 units by year-end 2024 [5] - The company introduced 75 new product designs throughout the year [5] - Sales to returning customers accounted for 68% of total sales during Q4 2024 [5] Strategic Initiatives - The CEO outlined a five-year strategic plan focusing on operational restructuring, sustained sales growth in the USA, and international expansion [7][10] - Marketing efforts were redirected towards the USA, resulting in increased press coverage and partnerships with high-end retailers [8][10] - The company launched a retail partnership with Dover Street Market and plans to develop more such partnerships [8][12] Customer Engagement - Menē registered over 44,000 independent customer reviews with an average rating of 4.9 out of 5 [5] - The average order value increased by 36% while the number of orders decreased by 18% [10]

Core Viewpoint - Jo-Jo Capital Canada Ltd. has entered into a non-binding letter of intent with Placements Appalache Limitée to pursue a business combination transaction, which is expected to result in PAL shareholders holding a majority of Jo-Jo's voting securities [1][2]. Company Overview - Jo-Jo Capital Canada Ltd. is a capital pool company focused on identifying and evaluating qualifying transactions under the policies of the TSX Venture Exchange [13]. - Placements Appalache Limitée has over 50 years of experience in the Canadian silica mining industry and holds exclusive mining rights to high-purity quartz deposits in Baie-Johan-Beetz, Quebec [3][12]. Transaction Details - The transaction will be structured as a reverse takeover, with PAL shareholders exchanging their securities for those of Jo-Jo [5]. - The transaction is anticipated to be completed through an amalgamation, plan of arrangement, or share exchange, subject to regulatory approvals [5][8]. - A private placement financing by PAL is expected to raise between C$3,000,000 and C$6,000,000 prior to or concurrent with the closing of the transaction [5]. Mining Rights and Resources - PAL's high-purity silica deposit spans 54.22 hectares and is located less than 800 meters from the main road, with additional unexplored claims of 383.24 hectares [3]. - High-purity silica is designated as a critical mineral in Canada and is essential for various advanced technologies, including solar panels and semiconductors [4]. Regulatory and Approval Process - Completion of the transaction is subject to conditions including Exchange acceptance, shareholder approval, and satisfactory due diligence investigations [8][10]. - Jo-Jo is required to maintain a minimum bank account balance of $100,000 at closing and may need to retain a sponsor for the transaction [10]. Future Structure - Following the transaction, the board of directors of the resulting issuer will initially consist of three to five directors appointed by PAL [10].

Core Insights - Li Auto Inc. delivered 33,939 vehicles in April 2025, marking a year-over-year increase of 31.6%, with cumulative deliveries reaching 1,260,675 as of April 30, 2025 [1] - The company has maintained its position as the sales leader for SUVs priced above RMB200,000 for three consecutive quarters, achieving the highest market share in multiple SUV segments [2] - Li Auto launched new models including Li MEGA Home and Li L6 at Auto Shanghai 2025, with Li MEGA Home accounting for over 90% of order intake for its models, indicating strong consumer endorsement [3] Company Overview - Li Auto Inc. is a leader in China's new energy vehicle market, focusing on the design, development, manufacturing, and sales of premium smart electric vehicles [5] - The company has a mission to create a mobile home and happiness for families, emphasizing innovations in product, technology, and business models [5] - As of April 30, 2025, Li Auto operates 500 retail stores and 500 servicing centers across 151 cities, along with 2,267 supercharging stations equipped with 12,340 charging stalls in China [4]

Core Insights - BIGG Digital Assets Inc. reported a net loss of CAD 25.83 million for fiscal 2024, compared to CAD 11.07 million in 2023, with a normalized net loss of CAD 1.29 million before tax liabilities and goodwill impairment [3] - The company achieved gross operating revenue of CAD 12.43 million in 2024, a significant increase from CAD 6.5 million in 2023, driven primarily by Netcoins [4] - Netcoins revenues surged by 112% year-over-year to CAD 10.56 million, with a trading volume of CAD 831 million, while active users increased by 30% to approximately 42,406 [4][6] - Blockchain Intelligence Group's revenues rose by 11% year-over-year to CAD 1.67 million, although its margin rate decreased to 69% due to higher costs [4] - TerraZero generated CAD 0.2 million in revenue, focusing on the development of its Intraverse platform, which is expected to launch revenue-generating activities in fiscal 2025 [3][4] Financial Performance - The company recorded a tax liability provision of CAD 8.46 million related to a GST/HST reassessment by CRA, which it is contesting [4] - A goodwill impairment of CAD 16 million was recorded due to the acquisition of TerraZero, attributed to the nascent nature of the industry and lack of comparable companies [4] - As of December 31, 2024, BIGG's cash and crypto holdings were approximately CAD 25.1 million, with no debt [4] Business Developments - The launch of TerraZero's Intraverse platform is anticipated to generate revenues in fiscal 2025, targeting a young user base familiar with Web3 [3][8] - Blockchain Intelligence Group introduced two new products: TokenEyes, a consumer-focused security app, and QLUE Express, a streamlined investigative tool [7] - The company aims to integrate blockchain and crypto into the Intraverse platform, creating a creator economy and social network [8] Market Position - BIGG Digital Assets operates across three segments: immersive metaverse experiences (TerraZero), a cryptocurrency trading platform (Netcoins), and big data/blockchain technology solutions (Blockchain Intelligence Group) [9] - Netcoins currently has customer assets under custody of approximately CAD 174 million, with a treasury of fiat and crypto assets valued at around CAD 30 million [11]

Core Viewpoint - OBI Pharma has received FDA clearance for the investigational new drug application of OBI-902, a novel Trop-2 targeted antibody-drug conjugate, marking a significant milestone in the development of a potentially best-in-class cancer therapy for patients with advanced solid tumors [1][2][5]. Group 1: OBI-902 Overview - OBI-902 is a Trop-2-targeted antibody-drug conjugate utilizing OBI's proprietary GlycOBI technology, designed to enhance therapeutic index and stability [3][4]. - The drug carries a potent topoisomerase I inhibitor payload with a drug-antibody ratio (DAR) of 4, targeting various solid tumors such as breast, ovarian, and gastric cancers [4][5]. - The Phase 1/2 clinical study for OBI-902 is set to begin patient enrollment in the second half of 2025 [2][5]. Group 2: Clinical Trial and Efficacy - The upcoming OBI-902-001 clinical trial aims to evaluate the safety, pharmacokinetics, and preliminary efficacy of OBI-902 in patients with advanced solid tumors [2]. - Data presented at the 2025 American Association for Cancer Research (AACR) meeting indicated enhanced linker-payload stability and superior antitumor activities of OBI-902 compared to other Trop-2 ADCs in various in-vitro and animal studies [2][5]. Group 3: GlycOBI Technology - OBI's GlycOBI platform allows for the creation of site-specific glycan-conjugated ADCs, improving stability and hydrophilicity while maintaining the biophysical characteristics of native antibodies [7]. - The technology utilizes proprietary enzymatic and linker technologies to generate homogeneous ADCs with efficient and scalable manufacturing processes [7]. Group 4: Company Background - OBI Pharma, established in 2002 and headquartered in Taiwan, focuses on developing novel cancer therapeutic agents for patients with high unmet medical needs [8]. - The company holds exclusive worldwide rights to the Trop-2 targeting antibody licensed from Biosion, Inc., except for rights pertaining to the antibody in China [6].