Western Alliance Bancorporation Announces First Quarter 2026 Earnings Release Date, Conference Call and Webcast

Western Alliance Bancorporation Announces First Quarter 2026 Earnings Release Date, Conference Call and Webcast

PHOENIX–(BUSINESS WIRE)–
Western Alliance Bancorporation (NYSE: WAL) announced today that it plans to release its first quarter 2026 financial results after the market closes on Tuesday, April 21, 2026. Kenneth A. Vecchione, President and CEO and Vishal Idnani, Chief Financial Officer, will host a conference call at 12:00 p.m. ET on Wednesday, April 22, 2026 to discuss the Company’s performance.

Participants may access the call by dialing 1-888-596-4144 using the access code 9350603 or via live audio webcast using the website link: https://events.q4inc.com/attendee/403697580.

The webcast is also available through the Company’s website at www.westernalliancebancorporation.com. Participants should log in at least 15 minutes early to receive instructions. The call will be recorded and made available for replay April 22nd after 3:00 p.m. ET until April 29th at 11:59 p.m. ET by dialing 1-800-770-2030 using the access code: 9350603.

About Western Alliance Bancorporation

Western Alliance Bancorporation (NYSE:WAL) is one of the country’s top-performing banking companies. Its primary subsidiary, Western Alliance Bank, Member FDIC, is a leading national bank for business that puts customers first, delivering tailored business banking solutions and consumer products backed by outstanding, personalized service and specific expertise in more than 30 industries and sectors. With $90 billion in assets and offices nationwide, Western Alliance has ranked as a top U.S. bank by American Banker and Bank Director since 2016. In 2025, Western Alliance Bancorporation was #2 for Best CEO, Best CFO and Best Company Board of Directors on Extel’s All-America Executive Team Midcap Banks list. For more information on offerings, subsidiaries and affiliates, visit www.westernalliancebank.com or follow Western Alliance Bank on LinkedIn.

Investors:

Miles Pondelik, 602-346-7462

Email: [email protected]

Media:

Stephanie Whitlow, 480-998-6547

Email: [email protected]

KEYWORDS: Arizona United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Vornado Releases 2025 Sustainability Report

NEW YORK, April 08, 2026 (GLOBE NEWSWIRE) —

Vornado Realty Trust (NYSE: VNO) announced today that it released its 2025 Sustainability Report.

This is Vornado’s 17th consecutive sustainability report which highlights the Company’s industry-leading accomplishments in sustainability and provides key metrics on the Company’s sustainability priorities.

Key achievements for 2025 included:

  • Maintained 100% LEED® certification across our entire portfolio of managed and in-service buildings and achieved 100% WELL Health-Safetycertification.
  • Recognized as New York City’s Redevelopment of the Year through the 2025 CoStar Impact Award for our transformation of THE PENN DISTRICT.
  • Ranked in the top 3% of our peers for our GRESB and Performance scores for the Americas/Listed organizations and maintained our Green Star distinction for the 13th year as well as the 5-star rating in GRESB.
  • Continued to procure 100% renewable energy credits (RECs) for electricity directly managed by Vornado in the key markets in which we operate. These RECs are sourced from hydroelectric, solar and wind facilities located in California and across the USA.
  • Achieved a 42% reduction in overall energy consumption across our in-service office portfolio, compared to our 2009 baseline. Our operational optimization efforts have kept building energy consumption flat since 2022.
  • Provided educational and technical assistance to more than15 million square feet of our tenants, to align our goals with our tenants, and to help them build and operate healthier and more efficient workplaces to increase employee satisfaction and reduce occupancy costs.

Our report, along with expanded information on Vornado’s sustainability programs, can be found on the Company’s website located at www.vno.com.

Vornado Realty Trust is a fully-integrated equity real estate investment trust.

C O N T A C T

Thomas J. Sanelli
(212) 894-7000

Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. They represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements. You can find many of these statements by looking for words such as “approximates,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “would,” “may” or other similar expressions in this press release. For a discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see “Risk Factors” in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2025. Currently, some of the factors are interest rate fluctuations and effects of inflation on our business, financial condition, results of operations, cash flows, operating performance and the effect that these factors have had and may continue to have on our tenants, the global, national, regional and local economies and financial markets and the real estate market in general.



Fortis Inc. to Hold Teleconference and Webcast on May 6 to Discuss First Quarter 2026 Results and Hold Annual Meeting on May 7

ST. JOHN’S, Newfoundland and Labrador, April 08, 2026 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) will release its first quarter 2026 financial results on Wednesday, May 6, 2026. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern). David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation’s first quarter financial results.

Shareholders, analysts, members of the media and other interested parties are invited to listen to the teleconference via the live webcast on the Corporation’s website, www.fortisinc.com/investors/events-and-presentations.

Those members of the financial community in Canada and the United States wishing to ask questions during the call are invited to participate toll free by calling 1.833.821.0229. Individuals in other international locations can participate by calling 1.647.846.2371. Please dial in 10 minutes prior to the start of the call. No access code is required. Alternatively, individuals may pre-register for the call via the Corporation’s website, www.fortisinc.com/investors/events-and-presentations. Upon registering, individuals will receive a calendar invite by email with dial in details and a unique access code enabling them to bypass the teleconference operator queue. Registration will remain open until the end of the teleconference.

A live and archived audio webcast of the teleconference will be available on the Corporation’s website, www.fortisinc.com. A replay of the teleconference will be available two hours after the conclusion of the call until June 6, 2026. Please call 1.855.669.9658 or 1.412.317.0088 and enter access code 7228296#.

Fortis will hold its 2026 Annual Meeting of Shareholders on Thursday, May 7, 2026 at 9:00 a.m. (Eastern), 10:30 a.m. (Newfoundland), in-person and online. Shareholders can attend the meeting in person at the Fortis Energy Centre, 5 Springdale Street, 4th floor, St. John’s, NL. A link to the virtual platform and how to participate will be available on the Corporation’s website, www.fortisinc.com/investors/events-and-presentations/2026-annual-meeting. Participants will be able to submit questions for management during the Q&A portion of the webcast.

About Fortis

Fortis is a leader in the North American regulated electric and gas utility industry with 2025 revenue of $12 billion and total assets of $75 billion as at December 31, 2025. The Corporation’s 9,900 employees serve utility customers in five Canadian provinces, ten U.S. states and the Caribbean.

Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com, www.sedarplus.ca, or www.sec.gov.

A .pdf version of this press release is available at: http://ml.globenewswire.com/Resource/Download/70353615-8fa8-4da7-b540-ff1034333497

For further information contact

Investor Enquiries:
Ms. Stephanie Amaimo
Vice President, Investor Relations
Fortis Inc.
248.946.3572
[email protected]
Media Enquiries:
Ms. Karen McCarthy
Vice President, Communications & Government Relations
Fortis Inc.
709.737.5323
[email protected]



Pioneer Power Announces Financial Results for Fourth Quarter and Full Year 2025

Pioneer Power Announces Financial Results for Fourth Quarter and Full Year 2025

Full Year Revenue of $27.6 Million, Up 21% and In-line with Guidance

FORT LEE, N.J.–(BUSINESS WIRE)–Pioneer Power Solutions, Inc. (Nasdaq: PPSI) (“Pioneer” or the “Company”), a leader in the design, manufacture, service and integration of distributed energy resources, power generation equipment and mobile electric vehicle (“EV”) charging solutions, today announced its financial results for the fourth quarter and full year ended December 31, 2025.

Strategic Business Highlights

  • Global Expansion of e-Boost Ecosystem: Successfully entered a strategic international agreement to scale e-Boost mobile charging technology globally. By leveraging a high-margin franchise model and local partnerships, the Company is preparing to capture the rapid surge in international EV demand while maintaining a capital-light growth strategy.
  • PRYMUS Platform Aligns with Edge AI & Industrial Growth: Launched the PRYMUS Mobile Distributed Energy Platform, a novel solution designed to deliver 1 MW to 10 MW blocks of sustainably-fueled, off-grid power. PRYMUS is intended to address the “power-gap” facing the growing Edge AI and Data Center sectors, by offering megawatt-scale deployment expected in months rather than the years generally required for traditional grid connectivity.
  • Defining the Premium Residential “Prime Power” Category: Debuted the PowerCore Residential Prime Energy Platform in December 2025 at a fully subscribed, invite-only Miami event. PowerCore is the market’s only known 24/7/365 whole-home resiliency solution with integrated high-speed charging. PowerCore is designed to elevate the premium residential experience by providing energy independence and mission-critical reliability, decoupled from the vulnerabilities of the traditional aging power grid.
  • e-Boost Strengthens Its Position as the Standard in Mobile EV Charging: Continued to support e-Boost’s position as a solution for high-capacity mobile EV charging, with steady demand across core markets. With an established leasing and service model generating recurring revenue, e-Boost serves as the foundation of the Company’s broader distributed energy ecosystem.

Q4 2025 Financial Highlights

  • Revenue was $5.6 million, compared to $9.8 million for the same quarter in 2024.

  • Gross profit was $1.3 million, or a gross margin of 23.5%, as compared to $2.8 million, or a gross margin of 28.9%, for the same quarter in 2024.

  • Operating loss was $(1.1) million, unchanged from $(1.1) million for the same quarter in 2024.

  • Non-GAAP operating income* from continuing operations, which excludes corporate overhead expenses, research and development expenses, depreciation and amortization expenses and non-recurring professional fees, was $589,000, as compared to $1.9 million for the same quarter in 2024.

  • Net loss was $(1.4) million, inclusive of loss from discontinued operations of $(17,500), as compared to net income of $36.3 million, inclusive of income from discontinued operations of $35.5 million, in the year ago quarter.

Full Year 2025 Financial Highlights

  • Revenue was $27.6 million, up 20.8% and in-line with Company guidance, compared to $22.9 million for the year ended December 31, 2024.

  • Gross profit was $3.4 million, or a gross margin of 12.4%, as compared to $5.5 million, or a gross margin of 24.1%, for the year ended December 31, 2024.

  • Operating loss from continuing operations was $(6.6) million, as compared to $(5.2) million for the year ended December 31, 2024.

  • Non-GAAP operating loss* from continuing operations, which excludes corporate overhead expenses, research and development expenses, depreciation and amortization expenses and non-recurring professional fees, was $(98,000), as compared to non-GAAP operating income of $2.5 million for the year ended December 31, 2024.

  • Net loss was $(6.0) million, inclusive of income from discontinued operations of $449,000, as compared to net income of $31.9 million, inclusive of income from discontinued operations of $35.2 million, for the year ended December 31, 2024.

  • Backlog of $12.6 million at December 31, 2025, compared to $19.8 million at December 31, 2024.

  • Cash on hand at December 31, 2025, was $15.0 million, as compared to $41.6 million at December 31, 2024.

  • On January 7, 2025, the Company paid a one-time special cash dividend of an aggregate of $16.7 million.

*A reconciliation between GAAP and non-GAAP measures is provided below. The non-GAAP measures should not be considered an alternative to GAAP measures as an indicator of the Company’s operating performance.

“We delivered 21% year-over-year revenue growth in 2025 and met our guidance, indicating strong execution and continued demand for our mobile and distributed power solutions,” said Nathan Mazurek, CEO of Pioneer. “Throughout the year, we strategically front-loaded investments to scale our manufacturing platform. The higher initial build costs associated with our new power systems, PRYMUS and PowerCore, were one-time refinements that we believe were needed to allow for a more efficient, high-margin production model as we move into 2026.

“We are now at an important stage of our development. Pioneer has expanded beyond mobile EV charging into providing mobile distributed energy systems, engineered to solve two urgent power challenges of the recent years: the infrastructure bottleneck of AI-driven compute and the escalating demand for residential energy independence. By launching PRYMUS and PowerCore, we have expanded our addressable market and shifted our portfolio toward what we believe to be mission-critical, high-value deployments.

“The market response is encouraging. PRYMUS is offering solutions to the ‘power gap’ for edge AI and data centers, with initial engagements secured in the first quarter of 2026 and shipments scheduled for 2027. Meanwhile, PowerCore is set to begin shipments in the second half of this year, intended to capture a premium residential segment that is increasingly decoupling from traditional grid constraints.

“As we look ahead to 2026, we expect our core e-Boost business to provide a stable, reliable foundation, while our new platforms serve as the primary engines for significant growth over the long-term. Early customer engagement and the quality of our initial orders for PRYMUS and PowerCore suggest that our strategy is aligned with the market’s trajectory. We are no longer just preparing for growth. We are responding to and taking active steps to capture market demand by investing in a robust pipeline of high-value deployments that we believe will drive significant long-term value for our shareholders.”

Fourth Quarter 2025 Financial Results

Revenue

Revenue for the three months ended December 31, 2025, was $5.6 million, a decrease of 42.3%, as compared to $9.8 million during the fourth quarter of last year, primarily due to a decrease in revenues from a large project-based shipments in the prior-year period with no comparable shipments in the current quarter.

Gross Profit/Margin

Gross profit for the fourth quarter of 2025 was $1.3 million, or a 23.5% gross margin, compared to gross profit of $2.8 million, or a 28.9% gross margin, for the same period in 2024. The decrease in gross profit was primarily attributable to a decrease in revenue.

Operating Loss from Continuing Operations

For the three months ended December 31, 2025, operating loss from continuing operations was $(1.1) million, unchanged from the same period in 2024.

Net Loss from Continuing Operations

The Company’s net loss from continuing operations was $(1.4) million for the three months ended December 31, 2025, as compared to net income from continuing operations of $759,000 for the same period in 2024.

Net Loss

Net loss was $(1.4) million, inclusive of loss from discontinued operations of $17,500, as compared to net income of $36.3 million, inclusive of income from discontinued operations of $35.5 million, for the same period last year.

Full Year 2025 Financial Results from Continuing Operations

Revenue

Revenue for the year ended December 31, 2025, was $27.6 million, an increase of 20.8% as compared to $22.9 million for the year ended December 31, 2024. The increase in revenue is primarily due to an increase in sales and rentals of the Company’s suite of mobile EV charging solutions, e-Boost, partially offset by a decrease in service sales.

Gross Profit/Margin

Gross profit for 2025 was $3.4 million, or a 12.4% gross margin, compared to gross profit of $5.5 million, or a 24.1% gross margin, for the same period in 2024. The decrease in gross margin was primarily attributable to an unfavorable sales mix, in addition to a contract that generated lower margins on the initial e-Boost units due to higher costs incurred during the early stages of production as the Company refined its manufacturing processes and optimized build efficiency.

Operating Loss from Continuing Operations

Operating loss from continuing operations for the year ended December 31, 2025, was ($6.6) million as compared to ($5.2) million during the prior year.

Net Loss from Continuing Operations

Net loss from continuing operations for the year ended December 31, 2025, was ($6.4) million, as compared to ($3.3) million during the year ended December 31, 2024. During 2025, the Company recognized $35,000 of non-cash, stock-based compensation expense as compared to $1.1 million during the same period last year. Additionally, the Company recorded a loss from its equity method investment of $601,000 during 2025, as compared to no loss or income during the same period last year.

Net Income (Loss)

Net loss was $(6.0) million, inclusive of income from discontinued operations of $449,000, as compared to net income of $31.9 million, inclusive of income from discontinued operations of $35.2 million, for the year ended December 31, 2024.

Balance Sheet

As of December 31, 2025, the Company had $15.0 million of cash on hand and working capital of $20.7 million, compared to $41.6 million of cash on hand and working capital of $26.7 million as of December 31, 2024. The decrease in cash on hand is primarily due to the payment of a one-time special cash dividend of an aggregate of $16.7 million on January 7, 2025, and the payment of federal and state income taxes during the year ended December 31, 2025. The Company had no bank debt as of December 31, 2025.

Non-GAAP Measures

In addition to disclosing financial results in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), this document references certain non-GAAP financial measures. The Company defines non-GAAP operating income (loss) from continuing operations as GAAP operating income (loss) from continuing operations excluding corporate overhead expenses, research and development expenses, depreciation and amortization expenses, and non-recurring professional fees. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance and enable comparison of financial trends and results between periods where certain items may vary, independent of business performance.

The Company’s management uses non-GAAP operating income (loss) from continuing operations (a) as a measure of operating performance, (b) for planning and forecasting in future periods, and (c) in communications with the Company’s board of directors concerning the Company’s financial performance. The Company’s presentation of this non-GAAP measure is not necessarily comparable to other similarly titled captions of other companies due to different methods of calculation and should not be used by investors as a substitute or alternative to any measure of financial performance calculated and presented in accordance with U.S. GAAP. Instead, management believes this non-GAAP measure should be used to supplement the Company’s financial measures derived in accordance with U.S. GAAP in order to provide a more complete understanding of the trends affecting the business.

Please refer to “Reconciliation of Non-GAAP Measures” in this document for a detailed explanation of the adjustments made to the comparable U.S. GAAP measures.

About Pioneer Power Solutions, Inc.

Pioneer Power Solutions, Inc. is a leader in the design, manufacture, integration, service of distributed energy resources, power generation equipment and mobile electric charging solutions for applications in the utility, industrial and commercial markets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com.

e-Boost is Pioneer’s portfolio of smart, mobile EV charging solutions designed for speed, flexibility, and sustainability. Since its launch in November 2021, e-Boost has established itself as the market leader, delivering mobile, off-grid charging solutions with an extensive range of platforms. Utilized by electric bus and truck manufacturers, fleet management companies, municipalities, and EV infrastructure providers, e-Boost is setting the standard for innovative, all-inclusive EV charging solutions. To learn more about Pioneer’s e-Boost, please visit its website at www.pioneer-emobility.com.

Forward-Looking Statements:

This press release contains “forward-looking statements” within the meaning of the federal securities laws. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the Company’s ability to successfully operate its business after the divestiture of its E-Bloc business, (ii) the Company’s ability to successfully increase its revenue and profit in the future, (iii) general economic conditions and their effect on demand for electrical equipment, (iv) the effects of fluctuations in the Company’s operating results, (v) the fact that many of the Company’s competitors are better established and have significantly greater resources than the Company, (vi) the Company’s dependence on two customers for a large portion of its business, (vii) the potential loss or departure of key personnel, (viii) unanticipated increases in raw material prices or disruptions in supply, (ix) the Company’s ability to realize revenue reported in the Company’s backlog, (x) future labor disputes, (xi) changes in government regulations, (xii) the liquidity and trading volume of the Company’s common stock, (xiii) global events beyond our control, including war, public health crises, such as pandemics and epidemics, trade disputes, economic sanctions, trade wars and their collateral impacts and other international events, (xiv) risks associated with litigation and claims, which could impact our financial results and condition, and (xv) the Company’s ability to maintain compliance with the continued listing requirements of the Nasdaq Capital Market.

More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s Annual and Quarterly Reports on Form 10-K and Form 10-Q, respectively. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

— Tables Follow –

PIONEER POWER SOLUTIONS, INC.

Consolidated Statements of Operations

(In thousands, except for share and per share amounts)

 
For the Year Ended
December 31,

2025

2024

Revenues $

27,627

 

$

22,879

 

Cost of goods sold

24,201

 

17,365

 

Gross profit

3,426

 

5,514

 

Operating expenses
Selling, general and administrative

9,146

 

9,712

 

Research and development

875

 

1,050

 

Total operating expenses

10,021

 

10,762

 

Operating loss from continuing operations

(6,595

)

(5,248

)

Interest income, net

739

 

431

 

Other (expense) income, net

(518

)

50

 

Loss before income taxes

(6,374

)

(4,767

)

Income tax expense (benefit)

74

 

(1,418

)

Net loss from continuing operations

(6,448

)

(3,349

)

Income from discontinued operations, net of income taxes

449

 

35,204

 

Net (loss) income $

(5,999

)

$

31,855

 

 
Basic (loss) earnings per share:
Loss from continuing operations $

(0.58

)

$

(0.31

)

Earnings from discontinued operations

0.04

 

3.28

 

Basic (loss) earnings per share $

(0.54

)

$

2.97

 

 
Diluted (loss) earnings per share:
Loss from continuing operations $

(0.58

)

$

(0.31

)

Earnings from discontinued operations

0.04

 

3.21

 

Diluted (loss) income per share $

(0.54

)

$

2.90

 

 
Weighted average common shares outstanding:
Basic

11,103,623

 

10,745,217

 

Diluted

11,187,868

 

10,953,861

 

PIONEER POWER SOLUTIONS, INC.

Consolidated Balance Sheets

(In thousands, except for share amounts)

 
December 31,

2025

2024

ASSETS
Current assets
Cash $

14,959

 

$

41,622

Accounts receivable, net of allowance for credit losses of $23 and $13 as of December 31, 2025, and 2024, respectively

3,133

 

7,826

 

Inventories

6,315

 

6,068

 

Prepaid expenses and other current assets

1,134

 

1,141

 

Total current assets

25,541

 

56,657

 

Property and equipment, net

5,400

 

6,503

 

Operating lease right-of-use assets, net

1,144

 

530

 

Financing lease right-of-use assets, net

332

 

221

 

Investments

418

 

2,000

 

Lease receivable

2,576

 

 

Other assets

44

 

40

 

Total assets $

35,455

 

$

65,951

 

 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable and accrued liabilities $

3,745

 

$

4,543

 

Current portion of operating lease liabilities, net

223

 

244

 

Current portion of financing lease liabilities, net

123

 

109

 

Deferred revenue

791

 

991

 

Consideration due to buyer

 

3,347

 

Income taxes payable

 

4,079

 

Dividend payable

 

16,665

 

Total current liabilities

4,882

 

29,978

 

Operating lease liabilities, non-current portion, net

936

 

301

 

Financing lease liabilities, non-current portion, net

219

 

121

 

Other long-term liabilities

101

 

122

 

Total liabilities

6,138

 

30,522

 

Stockholders’ equity
Preferred stock, $0.001 par value, 5,000,000 shares authorized; none issued

 

 

Common stock, $0.001 par value, 30,000,000 shares authorized; 11,095,266 and 11,120,266 shares issued and outstanding on December 31, 2025, and 2024, respectively

11

 

11

 

Additional paid-in capital

35,305

 

35,418

 

Accumulated deficit

(5,999

)

 

Total stockholders’ equity

29,317

 

35,429

 

Total liabilities and stockholders’ equity $

35,455

 

$

65,951

 

PIONEER POWER SOLUTIONS, INC.

Consolidated Statements of Cash Flows

(In thousands)

 
For the Year Ended
December 31,

2025

2024

Operating activities
Net (loss) income $

(5,999

)

$

31,855

 

Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation

1,027

 

716

 

Amortization of right-of-use financing leases

137

 

129

 

Non cash lease expense

228

 

224

 

Change in allowance for credit losses

120

 

35

 

Stock-based compensation

35

 

1,055

 

Gain on sale of PCEP business

 

(35,044

)

Loss attributable to equity method investee

601

 

 

Write-off of costs related to contract settlement

238

 

 

Loss on disposal of property and equipment

112

 

177

 

Selling profit on sales-type leases

(1,335

)

 

Gain on change in consideration due to buyer

(1,147

)

 

Changes in current operating assets and liabilities:
Accounts receivable, net

4,791

 

(10,360

)

Inventories

193

 

(14,536

)

Prepaid expenses and other assets

603

 

4,558

 

Assets held for sale

 

14,320

 

Liabilities held for sale

 

(9,468

)

Accounts payable, accrued liabilities and other liabilities

(894

)

11,609

 

Income taxes

(4,079

)

(1,418

)

Deferred revenue

(200

)

684

 

Operating lease liabilities

(249

)

(748

)

Net cash used in operating activities

(5,818

)

(6,212

)

 
Investing activities
Purchase of property and equipment

(2,677

)

(3,759

)

Proceeds from sale of PCEP business, net of transaction costs

 

42,635

 

Payment of consideration payable

(2,200

)

 

Dividend received from equity method investee

981

 

 

Net cash (used in)/ provided by investing activities

(3,896

)

38,876

 

 
Financing activities
Net proceeds from the exercise of options for common stock

 

519

 

Net proceeds from issuance of common stock

 

4,986

 

Payment of cash dividend

(16,665

)

 

Principal repayments of financing leases

(136

)

(129

)

Payments for tax withholding related to vesting of restricted stock units

(148

)

 

Net cash (used in)/ provided by financing activities

(16,949

)

5,376

 

 
(Decrease) increase in cash

(26,663

)

38,040

 

Cash
Cash, beginning of year

41,622

 

3,582

 

Cash, end of year $

14,959

 

$

41,622

 

 
Supplemental cash flow information:
Interest paid $

8

 

$

35

 

Income taxes paid, net of refunds

4,922

 

7

 

Non-cash investing and financing activities:
Surrender and retirement of common stock

 

344

 

Transfer from property and equipment to inventory

(440

)

 

Sales-type lease origination

2,867

 

 

Derecognition of assets in exchange for net investment in sales-type lease

(1,532

)

 

Property and equipment obtained in exchange for accounts payable and accrued liabilities

(96

)

272

 

Finance lease ROU assets obtained in exchange for finance lease liabilities

248

 

 

Operating lease ROU assets obtained in exchange for operating lease liabilities

842

 

330

 

Cash dividend declared

 

16,665

 

PIONEER POWER SOLUTIONS, INC.

Reconciliation of Non-GAAP Measures

(In thousands)

(Unaudited)

 
For the Three Months Ended For the Year Ended
December 31, December 31,

2025

2024

2025

2024

 
GAAP operating loss from continuing operations

$

(1,093

)

$

(1,073

)

$

(6,595

)

$

(5,248

)

Corporate overhead expenses

 

1,106

 

 

2,109

 

 

4,100

 

 

5,324

 

Research and development expenses

 

149

 

 

345

 

 

875

 

 

1,050

 

Depreciation and amortization expenses

 

319

 

 

351

 

 

1,164

 

 

837

 

Non-recurring professional fees

 

108

 

 

209

 

 

358

 

 

515

 

Non-GAAP operating income (loss) from continuing operations

$

589

 

$

1,941

 

$

(98

)

$

2,478

 

 

Brett Maas, Managing Partner

Hayden IR

(646) 536-7331

[email protected]

KEYWORDS: New Jersey United States North America

INDUSTRY KEYWORDS: EV/Electric Vehicles Other Energy Utilities Alternative Energy Energy Technology Residential Building & Real Estate Automotive Other Manufacturing Construction & Property Artificial Intelligence Automotive Manufacturing Manufacturing

MEDIA:

Norwood Financial Corp Announces Timing of First Quarter 2026 Earnings Release and Conference Call

HONESDALE, Pa., April 08, 2026 (GLOBE NEWSWIRE) — Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, will release its first quarter 2026 financial results before market opens on Monday, April 27, 2026. On the same day, the Company will host a webcast and conference call at 10:30 a.m. ET to discuss the financial results.

To participate in the live call, you may register using this link:
https://register-conf.media-server.com/register/BI535f18c0468d4d328c38de455785566a. Upon registering, dial-in info and a unique pin to join the call will be provided, as well as an email confirmation with details.

A slide presentation will simultaneously be available for download on the Investor Relations website at ir.wayne.bank. A replay of the event, as well as a transcript, can be accessed after the call at the above link.

About Norwood Financial Corp

Norwood Financial Corp, through its subsidiary, Wayne Bank operates 33 Community Offices serving Wayne, Pike, Monroe, Lackawanna, Luzerne, Chester, Cumberland, and Lancaster Counties in Pennsylvania, along with Delaware, Sullivan, Otsego, Ontario, and Yates Counties in New York. The Company has total assets of $2.9 billion. The Company’s stock is traded on the Nasdaq Global Market under the symbol “NWFL”. For more information, visit wayne.bank.

Contact: John M. McCaffery 
Executive Vice President &
Chief Financial Officer
NORWOOD FINANCIAL CORP
272-304-3003 
wayne.bank
   



New Era Energy & Digital Announces Public Offering of Common Stock

MIDLAND, Texas, April 08, 2026 (GLOBE NEWSWIRE) — New Era Energy & Digital, Inc. (“New Era” or the “Company”) (NASDAQ: NUAI) today announced the commencement of an underwritten public offering of shares of its common stock, par value $0.0001 per share (“Common Stock”), pursuant to an effective shelf registration statement on Form S-3 (the “Registration Statement”) filed with the U.S. Securities and Exchange Commission (the “SEC”).

The Company intends to use the net proceeds it receives from the offering to repay all outstanding borrowings under a senior secured convertible promissory note payable to SharonAI, Inc. and the remainder, if any, for general corporate purposes.

The Company intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of Common Stock offered in the public offering at the public offering price, less the underwriting discounts and commissions.

Northland Capital Markets is serving as lead book-running manager for the offering. Texas Capital Securities is acting as book-running manager for the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

The proposed offering will be made only by means of a prospectus and a prospectus supplement. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering and final prospectus supplement, when available, may be obtained from: Northland Securities, Inc., 150 South Fifth Street, Suite 3300, Minneapolis, MN, Attention: Heidi Fletcher, by telephone at (651) 851-4918 or by accessing the SEC’s website at www.sec.gov.

The offering is being conducted pursuant to the Registration Statement (File No. 333-292892), which was filed on January 23, 2026, and declared effective by the SEC on January 30, 2026, and corresponding prospectus. A preliminary prospectus supplement thereto has been filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares of Common Stock or any other securities, nor shall there be any sale of such shares of Common Stock or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About New Era Energy & Digital, Inc.

New Era is a developer and operator of next-generation digital infrastructure and integrated power assets.

New Era Energy & Digital, Inc. Investor and Media Contact:

OG Advisory Group
Lincoln Tan
[email protected]

Forward-Looking Statements

This press release contains “forward-looking statements.” Forward-looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to the offering and the use of proceeds therefrom. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, the risks contained in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.



Skycorp Solar Group Limited Announces 1-for-20 Reverse Share Split

NINGBO, China, April 08, 2026 (GLOBE NEWSWIRE) — Skycorp Solar Group Limited (“Skycorp” or the “Company”) (NASDAQ: PN), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, today announced that its Board of Directors has approved a reverse share split of all the Company’s issued and unissued shares at an exchange ratio of one (1) share for twenty (20) shares.

As previously disclosed, the Company held an extraordinary general meeting on October 10, 2025, where shareholders approved the authorization of the board of directors (the “Board”) to effect reverse share splits of the Company’s authorized share capital in its sole discretion. This was authorized to be implemented at any time within three (3) calendar years following the conclusion of the extraordinary general meeting. On March 30, 2026, the Board officially approved the 1-for-20 reverse share split.

The reverse share split will become effective on April 13, 2026. The Company’s Class A Ordinary Shares will begin trading on the Nasdaq Capital Market on a split-adjusted basis at the opening of the market on April 13, 2026. The Class A Ordinary Shares will continue to trade under the symbol “PN.”

As a result of the reverse share split, every twenty (20) outstanding Class A Ordinary Shares will be combined into and automatically become one post-Reverse Share Split Class A Ordinary Share. This action will reduce the number of outstanding Class A Ordinary Shares of the Company from 25,735,000 to approximately 1,286,750.

About Skycorp Solar Group Limited

Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. Our operations are managed through our subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China.

The Company’s mission is to become a green energy solutions provider by utilizing solar power and delivering eco-friendly solar PV products. By leveraging the Company’s expertise in solar technologies and relationships with worldwide clients, it aims to expand offerings of solar PV products and energy solutions for enterprise customers. For more information, please visit: https://ir.pnrenewables.com/.

Forward-Looking Statement

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Skycorp Solar Group Limited
Cathy Li
Investor Relations
Email: [email protected]
Tel: +86 185 0252 9641 (CN)

WFS Investor Relations Inc.
Connie Kang
Partner
Email: [email protected]
Tel: +86 1381 185 7742 (CN)



XMax Advances AI Strategy Through Development and Deployment of An AI Inference Platform

LOS ANGELES, April 08, 2026 (GLOBE NEWSWIRE) — XMax Inc. (NASDAQ: XWIN) (“XMax” or the “Company”) today announced a key milestone in its artificial intelligence (“AI”) strategy with the deployment of an AI inference platform, further advancing its expansion toward a software-driven and platform-based AI business.

XMax AI Inc., a wholly owned subsidiary of the Company (“XMax AI”), has entered into an agreement with CLOUD ALLIANCE INC to develop and deploy a cloud-based AI inference platform to the Amazon Web Services (AWS) cloud environment designated by XMax AI. The platform is designed to support scalable AI application development, multi-model integration, and potential commercial deployment.

The platform will feature core capabilities including large-model API access and intelligent routing, user authentication, integrated payment processing, usage-based billing, and workflow management tools. Together, these functionalities are expected to enable XMax to establish a unified AI service layer supporting both internal operations and potential future external commercialization.

The deployment is expected to be completed within approximately 30 days, subject to standard implementation conditions.

This initiative represents a foundational step in XMax’s broader AI expansion strategy, positioning the Company to develop from a traditional product-focused business into a scalable, software-centric platform. XMax believes that establishing capabilities in the orchestration and deployment layer of AI services is critical to capturing long-term value in the rapidly evolving AI ecosystem.

“We view AI infrastructure and software capability as core to our next phase of growth,” said Mr. Xiaohua Lu, Chief Executive Officer of XMax. “This deployment establishes the foundation for XMax to operate as an AI-enabled platform company, capable of delivering scalable and commercialized AI solutions.”

Following deployment, the Company plans to enhance platform capabilities, integrate additional AI models, and explore commercialization opportunities and strategic partnerships.

About XMax Inc.

Headquartered in Commerce, California, XMax Inc. (NASDAQ: XWIN), formerly known as Nova LifeStyle, Inc., is a diversified company engaged in the design, sourcing, and distribution of contemporary furniture, as well as the development of artificial intelligence technologies. The Company operates through an established global network of suppliers, distributors, and e-commerce channels, serving a broad customer base. In addition, XMax is expanding into artificial intelligence technologies, including AI software and platform-based services, to support future growth. By leveraging both its core operations and emerging technologies, the Company aims to drive diversification and long-term value creation.

About Cloud Alliance Inc.

Cloud Alliance Inc. is a Virginia-based company providing cloud, IT modernization, DevOps, cybersecurity support, high-performance computing, and AI-enabled technology services to government and commercial clients. The company’s capabilities include cloud migration and modernization, enterprise cloud architecture, system design and development, testing, operations and maintenance, troubleshooting, security vulnerability management, and data processing and AI integration. Cloud Alliance supports mission-critical, enterprise-wide systems for federal and state government customers and maintains public visibility across government-focused contract channels including DOC NOAA NMITS, DOT SWEP, USDA STRATUS, and the GSA Schedule.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, among others, our ability to fully resume our operations and remain financially healthy, our expected future growth prospects. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory,” “focus,” “work to,” “attempt,” “pursue,” or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.

Investor Relations Contact
ICR LLC.
[email protected]



The Children’s Place to Release Fourth Quarter and Year-End Fiscal 2025 Financial Results and Letter to Shareholders

SECAUCUS, N.J., April 08, 2026 (GLOBE NEWSWIRE) — The Children’s Place, Inc. (Nasdaq: PLCE), one of the only pure-play children’s specialty retailers in North America with an omni-channel portfolio of brands and an industry-leading digital-first model, today announced that their fourth quarter and year-end fiscal 2025 financial results, and Turki S. AlRajhi’s annual letter to shareholders, will be released on Friday, April 10, 2026 at approximately 4:30 p.m. Eastern Time, which can be accessed at https://corporate.childrensplace.com/.

About The Children’s Place

The Children’s Place is one of the only pure-play children’s specialty retailers in North America with an omni-channel portfolio of brands and an industry-leading digital-first model. Its global retail and wholesale network includes two digital storefronts, 499 stores in North America, wholesale marketplaces and distribution in 12 countries through nine international franchise and wholesale partners. The Children’s Place designs, contracts to manufacture, and sells fashionable, high-quality, head-to-toe outfits predominantly at value prices, primarily under its proprietary brands: “The Children’s Place”, “Gymboree”, “Sugar & Jade”, and “PJ Place”. For more information visit: www.childrensplace.com and www.gymboree.com.

Investor Relations (201) 558-2400 ext. 14500



FDA Removes Partial Clinical Hold on MacroGenics’ LINNET Study

• Plan to resume enrollment in clinical study of lorigerlimab in gynecologic cancers  

• On track to provide mid-2026 program update 

ROCKVILLE, MD, April 08, 2026 (GLOBE NEWSWIRE) — MacroGenics, Inc. (NASDAQ: MGNX), a clinical-stage biopharmaceutical company focused on developing innovative antibody-based therapeutics for the treatment of cancer, today announced that the U. S. Food and Drug Administration (FDA) has removed the partial clinical hold on the Company’s Phase 2 LINNET study of lorigerlimab, an investigational, bispecific DART® molecule that targets PD-1 and CTLA-4. During the partial clinical hold, previously enrolled study participants were allowed to continue to receive study drug. Going forward, new participants will be enrolled under a revised protocol that includes additional risk-mitigation measures for potential hematologic and cardiac toxicities.

“We are grateful for the productive interaction with the reviewers at the FDA’s Office of Oncologic Diseases, as well as the diligent efforts of the MacroGenics team to provide a rapid and comprehensive response to the FDA,” said Eric Risser, President and Chief Executive Officer of MacroGenics. “With the partial clinical hold lifted, we intend to resume enrollment of new study participants in the ongoing LINNET study and we remain on track to provide a mid-year clinical update on the program.”

About the LINNET Study

The LINNET study is evaluating single-agent lorigerlimab, a bispecific DART® molecule that targets PD-1 and CTLA-4, in up to approximately 60 eligible study participants. These study participants comprise patients with either platinum-resistant ovarian cancer (PROC) or clear cell gynecologic cancer (CCGC) who have received one or more prior lines of therapy. The primary endpoint is objective response rate (ORR), with multiple secondary endpoints. To date, 41 study participants have been dosed in the LINNET study and over 300 study participants have been dosed across all previous lorigerlimab Phase 1 and Phase 2 clinical studies.

About MacroGenics, Inc.

MacroGenics (the Company) is a biopharmaceutical company focused on developing innovative monoclonal antibody-based therapeutics for the treatment of cancer. The Company generates its pipeline of product candidates primarily from its proprietary suite of next-generation antibody-based technology platforms, which have applicability across broad therapeutic domains. The combination of MacroGenics’ technology platforms and protein engineering expertise has allowed the Company to generate promising product candidates and enter into several strategic collaborations with global pharmaceutical and biotechnology companies. For more information, please see the Company’s website at www.macrogenics.com. MacroGenics, the MacroGenics logo and DART are trademarks or registered trademarks of MacroGenics, Inc.

Cautionary Note on Forward-Looking Statements

Any statements in this press release about future expectations, plans and prospects for MacroGenics (“Company”), including statements about the Company’s strategy, future operations, clinical development of and regulatory plans for the Company’s therapeutic candidates, expected timing of the release of clinical updates and safety and efficacy data for the Company’s ongoing clinical trials and other statements containing the words “subject to”, “believe”, “anticipate”, “plan”, “expect”, “intend”, “estimate”, “potential,” “project”, “may”, “will”, “should”, “would”, “could”, “can”, the negatives thereof, variations thereon and similar expressions, or by discussions of strategy, including our ability to execute on our key strategic priorities for 2025 and 2026, constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks that TZIELD, lorigerlimab, ZYNYZ, or any other product candidate’s revenue, expenses and costs may not be as expected, risks relating to TZIELD, lorigerlimab, ZYNYZ, or any other product candidate’s market acceptance, competition, reimbursement and regulatory actions; future data updates, including timing and results of efficacy and safety data with respect to product candidates in ongoing clinical trials; our ability to provide manufacturing services to our customers; the uncertainties inherent in the initiation and enrollment of future clinical trials; the availability of financing to fund the internal development of our product candidates; expectations of expanding ongoing clinical trials; expectations for the timing and steps required in the regulatory review process; expectations for regulatory approvals; expectations of future milestone payments; the impact of competitive products; our ability to enter into agreements with strategic partners and other matters that could affect the availability or commercial potential of the Company’s product candidates; business, economic or political disruptions due to catastrophes or other events, including natural disasters, terrorist attacks, civil unrest and actual or threatened armed conflict, or public health crises; costs of litigation and the failure to successfully defend lawsuits and other claims against us; and other risks described in the Company’s filings with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent the Company’s views only as of the date hereof. The Company anticipates that subsequent events and developments will cause the Company’s views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as may be required by law. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date hereof.  



CONTACTS

Jim Karrels, Senior Vice President, CFO 
1-301-251-5172 
[email protected] 

Argot Partners
1-212-600-1902
[email protected]