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EuroDry Ltd. Reports Results for the Quarter Ended March 31, 2025
GlobeNewswire· 2025-06-05 12:00
Core Viewpoint - EuroDry Ltd. reported a challenging first quarter of 2025, with significant declines in revenues and profitability due to low charter rates and market volatility, particularly influenced by external economic factors and geopolitical tensions [4][6][9]. Financial Performance - Total net revenues for Q1 2025 were $9.2 million, a decrease of 36.2% compared to $14.4 million in Q1 2024 [6][9]. - The average time charter equivalent rate dropped by 42.5% to $7,167 per day in Q1 2025 from $12,455 per day in Q1 2024 [6][9]. - Adjusted EBITDA for Q1 2025 was $(1.0) million, down from $2.1 million in Q1 2024 [8][17]. - The net loss attributable to controlling shareholders was $3.7 million, or $1.35 loss per share, compared to a net loss of $1.8 million, or $0.65 loss per share, in the same period of 2024 [16][18]. Operational Insights - The company operated an average of 12.8 vessels in Q1 2025, compared to 13.0 vessels in Q1 2024 [9][23]. - Vessel operating expenses increased to $6.6 million in Q1 2025 from $6.2 million in Q1 2024, primarily due to higher costs for spare parts and maintenance [7][10]. - The fleet utilization rate was 97.4% in Q1 2025, slightly down from 98.1% in Q1 2024 [24]. Strategic Decisions - The company opted not to lock vessels into longer duration charters at unprofitable levels, instead pursuing short-term trip charters to capitalize on potential market recoveries [5]. - EuroDry sold the M/V Tasos for approximately $5 million, resulting in a gain on sale of $2.1 million [13]. Market Conditions - The charter market was described as the lowest since the early COVID pandemic, with a slight rebound in April and May that was insufficient to restore profitability [4]. - The demand side of the supply/demand equation remains volatile, influenced by the steel industry's weakness and economic growth uncertainties in China, as well as ongoing geopolitical conflicts [4]. Fleet Profile - EuroDry's fleet consists of 12 vessels with a total cargo capacity of 843,402 dwt, including 4 Panamax, 5 Ultramax, and 2 Kamsarmax drybulk carriers [57]. - Two Ultramax vessels are under construction, expected to be delivered in 2027, which will increase the fleet to 14 vessels with a total capacity of 970,402 dwt [21][57].
Correction: Verkkokauppa.com Oyj - Managers' Transactions – Samuli Seppälä
GlobeNewswire· 2025-06-05 12:00
Company Overview - Verkkokauppa.com is an e-commerce pioneer in Finland, known for its fast deliveries and customer-centric approach [5] - The company was founded in 1992 and has been operating online since its inception [6] - In 2024, Verkkokauppa.com reported a revenue of EUR 468 million and employs approximately 600 people [6] Recent Transactions - Samuli Seppälä, a member of the Board of Verkkokauppa.com, reported a transaction involving the company's shares under the EU Market Abuse Regulation [2][3] - The transaction took place on June 2, 2025, with a total volume of 111,809 shares sold at a volume weighted average price of EUR 2.72238 [4] - The transaction details were amended due to previous inaccuracies in the reported aggregated transaction information and price rounding [3][4]
Cocrystal Pharma's Novel Norovirus Antiviral to be Presented at Department of Defense Medical Conference
GlobeNewswire News Room· 2025-06-05 12:00
Core Viewpoint - Cocrystal Pharma, Inc. is presenting its broad-spectrum protease inhibitor CDI-988 at the 2025 Military Health System Research Symposium, highlighting its potential as a prophylaxis and treatment for norovirus, which currently lacks approved antiviral agents or vaccines [1][2]. Company Overview - Cocrystal Pharma, Inc. is a clinical-stage biotechnology company focused on discovering and developing novel antiviral therapeutics targeting the replication processes of various viruses, including noroviruses, coronaviruses, and hepatitis C viruses [6]. - The company utilizes unique structure-based technologies and expertise in enzymology and medicinal chemistry to create first- and best-in-class antiviral drugs [6]. Product Development - CDI-988 is designed as a broad-spectrum inhibitor targeting a highly conserved region in the active site of 3CL viral proteases, representing a first-in-class oral treatment for noroviruses and coronaviruses [3]. - The company has completed a Phase 1 study evaluating the safety, tolerability, and pharmacokinetics of CDI-988 in healthy adults, which included a food effect cohort [3]. Technology Platform - Cocrystal's proprietary structure-based platform technology provides a three-dimensional structure of inhibitor complexes at near-atomic resolution, facilitating the identification of novel binding sites and rapid structural information processing [4]. - The goal of this technology is to develop antiviral therapies that are safe, well-tolerated, and effective against all viral subtypes, with a high barrier to viral resistance [4]. Industry Context - The Military Health System Research Symposium is an annual event that gathers military medical care providers, researchers, and industry representatives to discuss healthcare initiatives related to military infectious diseases and operational medicine [5].
Blue Star's Target Series: Roma Main Gold Prospect 2.0 km Strike Length, High-Grade, Drill Ready
Newsfile· 2025-06-05 12:00
Core Viewpoint - Blue Star Gold Corp. is advancing its exploration efforts at the Roma Main Gold prospect in Nunavut, which shows significant potential for gold discovery, with surface sampling returning high grades and historical drilling revealing visible gold [1][3][12]. Roma Prospect Highlights - The Roma Main prospect extends over a 2 km strike length and includes three distinct zones: North, Central, and Southern Zones [6][8]. - Surface sampling has yielded gold grades up to 125.6 g/t in the Southern Zone, with historical drilling results including 12.83 g/t over 2.31 metres [3][6][10]. - The mineralized vein system appears to bifurcate at depth, indicating the potential for a developing gold-bearing system [6][7]. Historical Work - The property was first staked in 1989, with initial surface sampling grading up to 9.0 g/t Au, leading to the discovery of the Central and Southern Zones [8][9]. - Historical drilling in 1991 tested the main vein to a maximum vertical depth of 37 metres, with the most encouraging results from the Northern Zone [10][11]. Recent Work - In 2021 and 2022, the company conducted a high-resolution aeromagnetic survey, revealing new insights into the area's structure and geology [11]. - Recent prospecting confirmed the presence of potential parallel mineralized trends, with surface samples averaging 2.96 g/t gold [11]. Next Steps - The company plans to initiate drilling in the Northern Zone, targeting the down-dip extension of previous high-grade intercepts [12]. - Additional fieldwork will investigate mineralized quartz boulders and soil anomalies in the Central and Southern Zones [12].
Blink Charging Names Michael Bercovich Chief Financial Officer
GlobeNewswire· 2025-06-05 12:00
Bowie, Md., June 05, 2025 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink”), a leading global owner, operator, provider, and manufacturer of electric vehicle (EV) charging equipment and services, has announced that it has named Michael Bercovich as its new Chief Financial Officer. Bercovich, who will officially assume the CFO role at Blink on June 23rd, previously served as Chief Financial Officer at Helios Global Payments Solutions, MyOutDesk, Cialfo and Elements Global Services, where he led ...
Bitcoin Purchases to be made by SolarBank Using Net Cash from Geddes Solar Power Project
Prnewswire· 2025-06-05 12:00
Core Insights - SolarBank Corporation is implementing a Bitcoin treasury strategy by allocating net cash from its Geddes Solar Power Project to acquire Bitcoin, positioning itself as a pioneer in the renewable energy sector adopting this strategy [1][4][7] - The Geddes Project has a designed capacity of 3.79 megawatts (MW) DC and is repurposing a closed landfill, addressing clean energy needs and transforming contaminated sites [3][8] - The company has a development pipeline exceeding 1 gigawatt, indicating significant growth potential beyond its current operational capacity of over 32 MW [3][10] Company Strategy - The Bitcoin treasury strategy will be evaluated for extension to other solar and battery energy storage projects, enhancing the company's asset base as an independent power producer [2] - The allocation strategy for Bitcoin purchases will depend on net cash generated after operational costs and market conditions, with no Bitcoin purchases made as of the announcement date [5][8] Market Position - SolarBank is among the first renewable energy companies to adopt a Bitcoin treasury strategy, joining other corporations in this innovative approach [7] - The company is capitalizing on growing institutional adoption of Bitcoin and increasing demand for distributed solar and battery storage solutions [9] Financial Model - The Geddes Project is expected to generate revenue starting in June 2025, with a portion of net revenue allocated to Bitcoin purchases based on market conditions [3][8] - This model creates dual value streams: stable energy revenue and digital asset holdings, enhancing the company's financial resilience [8]
180 Degree Capital Corp. Provides Process Update on Proposed Merger with Mount Logan Capital Inc.
GlobeNewswire· 2025-06-05 12:00
Core Viewpoint - 180 Degree Capital Corp. is progressing with its proposed all-stock merger with Mount Logan Capital Inc., with expectations to seek shareholder approval in the third quarter of 2025 [1][3][5] Financial Statements and Regulatory Filings - An amended preliminary proxy statement was filed on May 6, 2025, containing audited financial statements of Mount Logan, converted to U.S. GAAP from IFRS to meet SEC requirements [2] - Yukon Parent, the legal acquirer in the merger, filed an amended registration statement on Form S-4 to register the issuance of shares to shareholders of both companies [2] SEC Review Process - Both the proxy statement and Form S-4 are undergoing the standard SEC review process, with plans to set record and meeting dates for a special shareholder meeting once SEC comments are cleared [3] - The company aims to commence the proxy solicitation process and hold the special meeting for shareholder voting during the third quarter of 2025 [3] Stock Performance and Market Context - Since the announcement of the proposed merger, 180 Degree Capital's common stock price has increased by 5.6%, contrasting with a 4.9% decline in the Russell Microcap Index [4] - The company believes that transitioning to an operating company will establish its net asset value as a price floor rather than a ceiling, which is typical for closed-end funds [4] Shareholder Support and Voting Agreements - Approximately 14% of non-insider shareholders have signed voting agreements or provided non-binding indications of support for the merger [5] - The voting agreement represents the entirety of the agreement related to the Business Combination, with no separate agreements with those providing non-binding support [5] Company Overview - 180 Degree Capital Corp. is a publicly traded closed-end fund focused on investing in undervalued small public companies, aiming for significant turnarounds through constructive activism [6]
Alstom S.A: 10 July 2025 Combined Shareholders’ Meeting - Availability of the preparatory documents
GlobeNewswire· 2025-06-05 11:49
5 June 2025 – ALSTOM’s shareholders are invited to participate in the Combined Shareholders’ Meeting of 10 July 2025 (the “Meeting”) which will take place at 2:00 PM at 28, avenue George V (“Châteauform’ Le 28 George V”) 75008 Paris. The Meeting will be broadcasted live and in full on the Company’s website (www.alstom.com). This broadcast will also be available on the Company’s website on a deferred basis within the timeframes provided for by applicable regulations. The prior notice of the Meeting, which ...
Spire Could Be A Good Diversifier, And Missouri Could See Data Center Development
Seeking Alpha· 2025-06-05 11:48
At Energy Profits in Dividends, we seek to generate a 7%+ income yield by investing in a portfolio of energy stocks while minimizing our risk of principal loss. By subscribing, you will get access to our best ideas earlier than they are released to the general public (and many of them are not released at all) as well as far more in-depth research than we make available to everybody. In addition, all subscribers can read any of my work without a subscription to Seeking Alpha Premium!He is the leader of the i ...
Netflix's AI Flywheel Is Going Into Overdrive
Seeking Alpha· 2025-06-05 11:48
Group 1 - The article discusses the expertise of a DevOps Engineer in AI tools and applications, highlighting their deep knowledge in generative AI systems through hands-on experience with machine learning algorithms, model training, and deployment [1] - The engineer is pursuing advanced AWS machine learning certifications to enhance their expertise in AI and machine learning [1] - The engineer contributes insights on AI and machine learning from an investment perspective to Seeking Alpha, indicating a focus on the intersection of technology and investment opportunities [1] Group 2 - The article does not provide specific investment recommendations or advice, emphasizing that past performance is not indicative of future results [2] - It clarifies that Seeking Alpha's analysts are third-party authors, which may include both professional and individual investors who may not be licensed or certified [2]