Market Newsdesk

April 25, 2025 5:36 pm

Zepp Health Corporation Files 2024 Annual Report on Form 20-F

PR Newswire

MILPITAS, Calif.
, April 25, 2025 /PRNewswire/ — Zepp Health Corporation (“Zepp Health” or the “Company”) (NYSE: ZEPP), a global leader in smart wearables and health technology, today announced that it has filed its annual report on Form 20-F for the full year ended December 31, 2024 with the U.S. Securities and Exchange Commission (the “SEC”).

The annual report can be accessed on the Company’s investor relations website at http://ir.zepp.com and on the SEC’s website at www.sec.gov. The Company will provide hardcopies of the annual report, free of charge, to its shareholders and ADS holders upon request. Requests should be submitted to [email protected].

About Zepp Health Corporation (NYSE: ZEPP)

Zepp Health Corporation (NYSE: ZEPP) is a global smart wearable and health technology leader, empowering users to live their healthiest lives by optimizing their health, fitness, and wellness journeys through its leading consumer brands, Amazfit, Zepp Clarity and Zepp Aura. Powered by its proprietary Zepp Digital Management Platform, which includes the Zepp OS, AI chips, biometric sensors and data algorithms, Zepp delivers cloud-based 24/7 actionable insights and guidance to help users attain their wellness goals. To date, Zepp has shipped over 200 million units, and its products are available in more than 90 countries and regions. Founded in 2013 as Huami Corp., the Company changed its name to Zepp Health Corporation in February 2021 to emphasize its health focus with a name that resonates across languages and cultures globally. Zepp has team members and offices across globe, especially in Europe and USA regions.

For investor and media inquiries, please contact:

In China:
Zepp Health Corporation
Grace Yujia Zhang
Email: [email protected]

Piacente Financial Communications
Tel: +86-10-6508-0677
Email: [email protected]

View original content:https://www.prnewswire.com/news-releases/zepp-health-corporation-files-2024-annual-report-on-form-20-f-302438423.html

SOURCE Zepp Health Corp.

April 25, 2025 5:33 pm

Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08

Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08

WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–
Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that, effective on March 5, 2025, the Compensation Committee of Energy Vault’s Board of Directors granted to 12 new, non-executive employees, restricted stock unit awards covering 637,600 shares of its common stock under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the “Inducement Award Plan”). The restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08.

The Inducement Award Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Energy Vault, or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with Energy Vault, pursuant to New York Stock Exchange Listing Rule 303A.08.

The restricted stock units will each vest (subject to the employee’s continued service to Energy Vault) as to 25% of the shares of common stock subject to the award, on the first anniversary of the vesting commencement date, and as to 6.25% of the shares of common stock subject to the award, upon the employee’s completion of each three-month period of continuous service thereafter. The restricted stock unit awards are subject to the terms and conditions of the Inducement Award Plan and an award agreement thereunder.

About Energy Vault

Energy Vault® develops, deploys and operates utility-scale energy storage solutions designed to transform the world’s approach to sustainable energy storage. The Company’s comprehensive offerings include proprietary battery, gravity and green hydrogen energy storage technologies supporting a variety of customer use cases delivering safe and reliable energy system dispatching and optimization. Each storage solution is supported by the Company’s technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short, long and multi-day/ultra-long duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Please visit www.energyvault.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250425660756/en/

Investors:

[email protected]

Media:

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Environment Technology Semiconductor Utilities Software Sustainability Alternative Energy Green Technology Energy Batteries

MEDIA:

April 25, 2025 5:27 pm

LOWE’S INVITES BAY AREA RESIDENTS TO “TRY ON” THEIR KITCHEN WITH LOWE’S STYLE STUDIO™

PR Newswire

Designed exclusively for Apple Vision Pro, Lowe’s Style Studio™ empowers customers to visualize and experience a kitchen refresh in minutes at five Bay Area stores starting April 26

CHARLOTTE, N.C.
, April 25, 2025 /PRNewswire/ — Beginning Saturday, April 26, Lowe’s stores in northern California will offer free appointments for Lowe’s Style Studio™, an immersive 3D experience that lets customers design and “try on” their dream kitchen using Apple Vision Pro, changing the colors, styles, and features around them in real time. Lowe’s Style Studio™ combines spatial computing with home improvement, giving customers the ultimate confidence of experiencing their dream kitchen—or a smaller project like a new sink or wall color —before actually renovating it.

“We try on clothes, sample paint colors, and test drive cars to help us decide before we buy,” said Chandhu Nair, Lowe’s SVP of Data, AI and Innovation. “Customers deserve that same confidence when it comes to home renovation. With Lowe’s Style Studio, consumers don’t have to guess what their new kitchen could look like—they can step into it and experience their style choices together as if they are actually there. This is the future of retail—personal, immersive, and powered by technology.”

Lowe’s shoppers can focus on a single aspect of the kitchen—like a new cabinet color—or reimagine the entire room using Lowe’s Style Studio™ for Apple Vision Pro. Within the experience they can view full-sized countertops, backsplashes, and appliances within a kitchen, all for free. This is particularly helpful for products like countertops, where a full scale rendering allows customers to see additional variation and veining. Whether it’s a major overhaul or a small refresh, Lowe’s Style Studio™ makes it easy to explore design possibilities before spending a dime.

The pressure to get kitchen remodels right impacts DIYers and the Pros that support them. Interior designers, real estate agents, and installers have used Lowe’s Style Studio™ to help clients feel more comfortable with their design selections. By turning ideas into immersive, shared experiences, the tool brings everyone to the table with clarity and confidence—and with Lowe’s lowest price guarantee, customers can feel good about their choices from every angle. Spatial computing seamlessly blends digital content into the physical space, enabling users to interact in stunning resolution, using intuitive input controlled by a user’s eyes and hands.

Customers are encouraged to bring family members or home professionals to their session, where they can follow along on an iPad that mirrors the Apple Vision Pro experience. Customers can then digitally save and share their selected styles at the end of the session. These can also be saved to the customer’s Lowes.com account for future reference at home.

Sessions are free with no purchase commitments and available by appointment or walk-in (appointments are preferred). Appointments can be made at Lowes.com for the following California stores:

Concord
, 1935 Arnold Industrial Way, Concord
East San Jose
, 775 Ridder Park Dr., San Jose
Dublin
, 3750 Dublin Blvd., Dublin
South San Jose
, 5550 Cottle Rd., San Jose
Sunnyvale
, 811 East Arques Ave., Sunnyvale

About Lowe’s

Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 billion, Lowe’s operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.

Media Contact

Caitlin Byrnes

Lowe’s Companies, Inc.
[email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/lowes-invites-bay-area-residents-to-try-on-their-kitchen-with-lowes-style-studio-302438748.html

SOURCE Lowe’s Companies, Inc.

April 25, 2025 5:25 pm

First Capital, Inc. Reports Quarterly Earnings

CORYDON, Ind., April 25, 2025 (GLOBE NEWSWIRE) — First Capital, Inc. (the “Company”) (NASDAQ: FCAP), the holding company for First Harrison Bank (the “Bank”), today reported net income of $3.2 million, or $0.97 per diluted share, for the quarter ended March 31, 2025, compared to net income of $3.0 million, or $0.88 per diluted share, for the quarter ended March 31, 2024.

Results of Operations for the Three Months Ended March 31, 2025 and 2024

Net interest income after provision for credit losses increased $923,000 for the quarter ended March 31, 2025 compared to the same period in 2024. Interest income increased $1.5 million when comparing the two periods due to an increase in the average tax-equivalent yield⁽¹⁾ on interest-earning assets from 4.29% for the quarter ended March 31, 2024 to 4.63% for the same period in 2025, in addition to an increase in the average balance of interest-earning assets from $1.12 billion for the quarter ended March 31, 2024 to $1.17 billion for the same period in 2025. Interest expense increased $528,000 as the average cost of interest-bearing liabilities increased from 1.55% for the quarter ended March 31, 2024 to 1.71% for the same period in 2025, in addition to an increase in the average balance of interest-bearing liabilities from $833.7 million for the quarter ended March 31, 2024 to $881.6 million for the same period in 2025. As a result of the changes in interest-earning assets and interest-bearing liabilities, the tax-equivalent net interest margin⁽¹⁾ increased from 3.14% for the quarter ended March 31, 2024 to 3.34% for the same period in 2025. Refer to the accompanying average balance sheet for more information regarding changes in the composition of the Company’s balance sheet and resulting yields and costs from the quarter ended March 31, 2024 to the quarter ended March 31, 2025.

Based on management’s analysis of the Allowance for Credit Losses (“ACL”) on loans and unfunded loan commitments, the provision for credit losses increased from $280,000 for the quarter ended March 31, 2024 to $338,000 for the quarter ended March 31, 2025. The increase was due to loan growth during the period as well as management’s consideration of macroeconomic uncertainty. The Bank recognized net charge-offs of $84,000 and $55,000 for the quarters ended March 31, 2025 and 2024, respectively.

Noninterest income decreased $51,000 for the quarter ended March 31, 2025 as compared to the quarter ended March 31, 2024 primarily due to the Company recognizing a $55,000 loss on sale of available for sale securities for the quarter ended March 31, 2025 compared to a $32,000 gain on sale of available for sale securities for the quarter ended March 31, 2024. The Company also recognized decreases of $38,000 and $24,000 in other income and ATM and debit card fees, respectively, when comparing the two periods. These were partially offset by the Company recognizing an $18,000 gain on equity securities during the quarter ended March 31, 2025 compared to a loss of $68,000 during the same period in 2024.

Noninterest expenses increased $424,000 for the quarter ended March 31, 2025 as compared to the same period in 2024. This was primarily due to increases in compensation and benefits and occupancy and equipment expenses of $259,000 and $160,000, respectively, when comparing the two periods. The increase in compensation and benefits is due to increases in salary and wages associated with annual cost of living and performance related adjustments as well as increases in the cost of Company-provided health insurance benefits. The increase in occupancy and equipment expenses is primarily due to costs associated with snow removal across the Company’s branch network given the historic storms in our communities as well as a loss on the disposal of premises and equipment.

Income tax expense increased $165,000 for the quarter ended March 31, 2025 as compared to the same period in 2024 resulting in an effective tax rate of 17.2% for the quarter ended March 31, 2025, compared to 14.6% for the same period in 2024.

Comparison of Financial Condition at March 31, 2025 and December 31, 2024

Total assets were $1.21 billion at March 31, 2025 compared to $1.19 billion at December 31, 2024. Net loans receivable, total cash and cash equivalents, and securities available for sale increased $11.7 million, $10.7 million, and $2.5 million, respectively, from December 31, 2024 to March 31, 2025. Deposits increased $17.5 million from $1.07 billion at December 31, 2024 to $1.08 billion at March 31, 2025. Nonperforming assets (consisting of nonaccrual loans, accruing loans 90 days or more past due, and foreclosed real estate) decreased from $4.5 million at December 31, 2024 to $4.1 million at March 31, 2025.

The Bank currently has 17 offices in the Indiana communities of Corydon, Edwardsville, Greenville, Floyds Knobs, Palmyra, New Albany, New Salisbury, Jeffersonville, Salem, Lanesville and Charlestown and the Kentucky communities of Shepherdsville, Mt. Washington and Lebanon Junction.

Access to First Harrison Bank accounts, including online banking and electronic bill payments, is available through the Bank’s website at www.firstharrison.com. For more information and financial data about the Company, please visit Investor Relations at the Bank’s aforementioned website. The Bank can also be followed on Facebook.

⁽¹⁾ Reconciliations of the non–U.S. Generally Accepted Accounting Principles (“GAAP”) measures are set forth at the end of this press release.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of the words “anticipate,” “believe,” “expect,” “intend,” “could” and “should,” and other words of similar meaning. Forward-looking statements are not historical facts nor guarantees of future performance; rather, they are statements based on the Company’s current beliefs, assumptions, and expectations regarding its business strategies and their intended results and its future performance.

Numerous risks and uncertainties could cause or contribute to the Company’s actual results, performance and achievements to be materially different from those expressed or implied by these forward-looking statements. Factors that may cause or contribute to these differences include, without limitation, general economic conditions, including changes in market interest rates and changes in monetary and fiscal policies of the federal government; competition; the ability of the Company to execute its business plan; legislative and regulatory changes; the quality and composition of the loan and investment portfolios; loan demand; deposit flows; changes in accounting principles and guidelines; and other factors disclosed periodically in the Company’s filings with the Securities and Exchange Commission.

Because of the risks and uncertainties inherent in forward-looking statements, readers are cautioned not to place undue reliance on them, whether included in this press release, the Company’s reports, or made elsewhere from time to time by the Company or on its behalf. These forward-looking statements are made only as of the date of this press release, and the Company assumes no obligation to update any forward-looking statements after the date of this press release.

Contact:

Joshua P. Stevens
Chief Financial Officer
812-738-1570


FIRST CAPITAL, INC. AND SUBSIDIARIES
Consolidated Financial Highlights (Unaudited)

	Three Months Ended
	March 31,
OPERATING DATA	2025			2024
(Dollars in thousands, except per share data)

Total interest income	$	13,346		$	11,837
Total interest expense		3,765			3,237
Net interest income		9,581			8,600
Provision for credit losses		338			280
Net interest income after provision for credit losses		9,243			8,320

Total non-interest income		1,848			1,899
Total non-interest expense		7,181			6,757
Income before income taxes		3,910			3,462
Income tax expense		672			507
Net income		3,238			2,955
Less net income attributable to the noncontrolling interest		3			3
Net income attributable to First Capital, Inc.	$	3,235		$	2,952

Net income per share attributable to
First Capital, Inc. common shareholders:
Basic	$	0.97		$	0.88

Diluted	$	0.97		$	0.88

Weighted average common shares outstanding:
Basic		3,346,850			3,345,060

Diluted		3,348,298			3,345,060

OTHER FINANCIAL DATA

Cash dividends per share	$	0.29		$	0.27
Return on average assets (annualized)		1.08	%		1.03	%
Return on average equity (annualized)		11.12	%		11.25	%
Net interest margin		3.28	%		3.07	%
Net interest margin (tax-equivalent basis) (1)		3.34	%		3.14	%
Interest rate spread		2.85	%		2.67	%
Interest rate spread (tax-equivalent basis) (1)		2.92	%		2.74	%
Net overhead expense as a percentage of average assets (annualized)		2.40	%		2.35	%

	March 31,			December 31,
BALANCE SHEET INFORMATION	2025			2024

Cash and cash equivalents	$	116,623		$	105,917
Interest-bearing time deposits		2,695			2,695
Investment securities		398,718			396,243
Gross loans		652,476			640,480
Allowance for credit losses		9,535			9,281
Earning assets		1,137,132			1,119,944
Total assets		1,214,538			1,187,523
Deposits		1,083,921			1,066,439
Stockholders’ equity, net of noncontrolling interest		120,080			114,599
Allowance for credit losses as a percent of gross loans		1.46	%		1.45	%
Non-performing assets:
Nonaccrual loans		4,075			4,483
Accruing loans past due 90 days		18			–
Foreclosed real estate		–			–
Regulatory capital ratios (Bank only):
Community Bank Leverage Ratio (2)		10.61	%		10.57	%

(1) See reconciliation of GAAP and non-GAAP financial measures for additional information relating to the calculation of this item.
(2) Effective March 31, 2020, the Bank opted in to the Community Bank Leverage Ratio (CBLR) framework. As such, the other regulatory ratios are no longer provided.


FIRST CAPITAL, INC. AND SUBSIDIARIES
Consolidated Average Balance Sheets (Unaudited)

	For the Three Months ended March 31,
	2025							2024
						Average							Average
	Average					Yield/		Average					Yield/
	Balance		Interest			Cost		Balance		Interest			Cost
(Dollars in thousands)
Interest earning assets:
Loans (1) (2):
Taxable	$	632,767	$	9,684		6.12	%	$	618,162	$	9,183		5.94	%
Tax-exempt (3)		10,888		114		4.19	%		8,376		69		3.30	%
Total loans		643,655		9,798		6.09	%		626,538		9,252		5.91	%

Investment securities:
Taxable (4)		309,978		1,860		2.40	%		346,411		1,641		1.89	%
Tax-exempt (3)		118,885		821		2.76	%		128,498		891		2.77	%
Total investment securities		428,863		2,681		2.50	%		474,909		2,532		2.13	%

Federal funds sold		89,813		986		4.39	%		12,833		174		5.42	%
Other interest-earning assets (5)		7,160		77		4.30	%		6,880		80		4.65	%
Total interest earning assets		1,169,491		13,542		4.63	%		1,121,160		12,038		4.29	%

Non-interest earning assets		29,219							27,326
Total assets	$	1,198,710						$	1,148,486

Interest bearing liabilities:
Interest-bearing demand deposits	$	439,716	$	1,412		1.28	%	$	429,324	$	1,413		1.32	%
Savings accounts		225,408		159		0.28	%		237,460		147		0.25	%
Time deposits		216,511		2,194		4.05	%		131,573		1,245		3.78	%
Total deposits		881,635		3,765		1.71	%		798,357		2,805		1.41	%

FHLB Advances		–		–		–			3,412		48		5.63	%
Bank Term Funding Program Borrowings		–		–		–			31,908		384		4.81	%
Total interest bearing liabilities		881,635		3,765		1.71	%		833,677		3,237		1.55	%

Non-interest bearing liabilities
Non-interest bearing deposits		194,025							205,050
Other liabilities		6,641							4,774
Total liabilities		1,082,301							1,043,501
Stockholders’ equity (6)		116,409							104,985
Total liabilities and stockholders’ equity	$	1,198,710						$	1,148,486

Net interest income (tax equivalent basis)			$	9,777						$	8,801
Less: tax equivalent adjustment				(196	)						(201	)
Net interest income			$	9,581						$	8,600

Interest rate spread						2.85	%						2.67	%
Interest rate spread (tax-equivalent basis) (7)						2.92	%						2.74	%
Net interest margin						3.28	%						3.07	%
Net interest margin (tax-equivalent basis) (7)						3.34	%						3.14	%
Ratio of average interest earning assets to average interest bearing liabilities						132.65	%						134.48	%

(1) Interest income on loans includes fee income of $175,000 and $174,000 for the three months ended March 31, 2025 and 2024, respectively.
(2) Average loan balances include loans held for sale and nonperforming loans.
(3) Tax-exempt income has been adjusted to a tax-equivalent basis using the federal marginal tax rate of 21%.
(4) Includes taxable debt and equity securities and FHLB Stock.
(5) Includes interest-bearing deposits with banks and interest-bearing time deposits.
(6) Stockholders’ equity attributable to First Capital, Inc.
(7) Reconciliations of the non-U.S. GAAP measures are set forth at the end of this press release.


RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES (UNAUDITED):

This presentation contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Management uses these “non-GAAP” measures in its analysis of the Company’s performance. Management believes that these non-GAAP financial measures allow for better comparability with prior periods, as well as with peers in the industry who provide a similar presentation, and provide a further understanding of the Company’s ongoing operations. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. The following table summarizes the non-GAAP financial measures derived from amounts reported in the Company’s consolidated financial statements and reconciles those non-GAAP financial measures with the comparable GAAP financial measures.

	Three Months Ended
	March 31,
	2025			2024
(Dollars in thousands)
Net interest income (A)	$	9,581		$	8,600
Add: Tax-equivalent adjustment		196			201
Tax-equivalent net interest income (B)		9,777			8,801
Average interest earning assets (C)		1,169,491			1,121,160
Net interest margin (A)/(C)		3.28	%		3.07	%
Net interest margin (tax-equivalent basis) (B)/(C)		3.34	%		3.14	%

Total interest income (D)	$	13,346		$	11,837
Add: Tax-equivalent adjustment		196			201
Total interest income tax-equivalent basis (E)		13,542			12,038
Average interest earning assets (F)		1,169,491			1,121,160
Average yield on interest earning assets (D)/(F); (G)		4.56	%		4.22	%
Average yield on interest earning assets tax-equivalent (E)/(F); (H)		4.63	%		4.29	%
Average cost of interest bearing liabilities (I)		1.71	%		1.55	%
Interest rate spread (G)-(I)		2.85	%		2.67	%
Interest rate spread tax-equivalent (H)-(I)		2.92	%		2.74	%

April 25, 2025 5:21 pm

UTStarcom Files 2024 Form 20-F

HANGZHOU, China, April 25, 2025 (GLOBE NEWSWIRE) — UTStarcom (“UT” or the “Company”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today filed its Annual Report on Form 20-F for the year ended December 31, 2024 with the U.S. Securities and Exchange Commission.

The Form 20-F report is available on the SEC EDGAR website at www.sec.gov or in PDF format at www.utstar.com/sec-filing. Interested parties also may request a hard copy of the report free of charge through written request.

About UTStarcom Holdings Corp.

UTStarcom is committed to helping network operators offer their customers the most innovative, reliable and cost-effective communication services. UTStarcom offers high performance advanced equipment optimized for the most rapidly growing network functions, such as mobile backhaul, metro aggregation and broadband access. UTStarcom has operations and customers around the world, with a special focus on Japan and India. UTStarcom was founded in 1991 and listed its shares on the Nasdaq Market in 2000 (symbol: UTSI). For more information about UTStarcom, please visit http://www.utstar.com.

For investor and media inquiries, please contact:

UTStarcom Holdings Corp.
Tel: +86 571 8192 8888
Ms. Shelley Jiang, Investor Relations
Email: [email protected]/[email protected] /

April 25, 2025 5:17 pm

Innovex International, Inc. Announces Divestiture of the Dril-Quip Eldridge Campus – a Significant Business Transformation Milestone – and Provides Business Update

Innovex International, Inc. Announces Divestiture of the Dril-Quip Eldridge Campus – a Significant Business Transformation Milestone – and Provides Business Update

HOUSTON–(BUSINESS WIRE)–
Innovex International, Inc. (NYSE: INVX) (the “Company” or “Innovex”) announced its entry into a definitive agreement to sell its facility located at 6401 North Eldridge Pkwy, Houston, Texas 77041 (the “Property”). The sale price for the Property is $95.0 million, subject to adjustments, and the sale is expected to close in the third quarter of 2025.

As further described in the purchase and sale agreement (the “Purchase Agreement”) with BIG Acquisitions LLC (the “Purchaser”), Innovex intends to enter into a short-term lease of the Property in connection with the sale to allow for completion of ongoing facility consolidation initiatives, ensuring no disruption to customer deliveries. The sale is subject to customary closing conditions.

Adam Anderson, CEO of Innovex, commented, “The sale of the Eldridge campus represents a significant milestone in our ongoing transformation of the Dril-Quip business. The expected proceeds from the sale of this facility represent approximately 9% of Innovex’s current market cap and will further bolster the Company’s existing net cash position. Further, as mentioned on our previous earnings call, we expect the exit of Eldridge to reduce our operating footprint dedicated to Subsea operations in Houston by 82%, not only driving significant cost reduction, but more importantly enabling better on-time delivery and responsiveness to our customers’ needs. We are extremely pleased with this outcome, which fits our strategy of maintaining a flexible cost structure and a conservative balance sheet to take full advantage of the opportunities created by industry cycles.”

Kendal Reed, CFO of Innovex, commented, “The proceeds from the sale of Eldridge are expected to further strengthen our balance sheet. We have multiple avenues to deploy this capital to drive long-term returns for our shareholders, including our previously announced $100.0 million share buyback authorization as well as a robust M&A pipeline. We will continue evaluating those alternatives against each other in the context of our dynamic market environment.”

Additional details on the sale of the Eldridge facility are available in the 8-K and Purchase Agreement filed contemporaneously with this press release.

Q1 Business Update and Conference Call / Webcast Details

Innovex expects total revenue for the first quarter of 2025 to be approximately $240 million compared to previously announced guidance of $245 – $255 million. As expected, revenue in both Mexico and US Offshore declined in Q1 2025 as compared to Q4 2024, but revenue weakness in Mexico was far greater than projected.

Despite lower-than-expected revenue, Innovex anticipates Adjusted EBITDA for the first quarter of 2025 to be between $44 – $46 million¹.

Adam Anderson further commented, “We have intentionally designed the business to be robust to uncertain market conditions and have successfully navigated previous market cycles by gaining market share, maintaining profitability and successfully executing important countercyclical acquisitions.”

These results for the first quarter of 2025 are preliminary estimates and are subject to change. The Company is currently finalizing its first quarter 2025 results and, as a result, these preliminary estimates are based solely on information available to management as of the date of this press release. The Company’s actual results may differ from these estimates due to the completion of its closing procedures, final adjustments and developments that may arise or information that may become available between now and the time the Company’s financial results are finalized.

Innovex will provide additional detail with the release of first quarter 2025 earnings results on May 6, 2025, after the close of the U.S. financial markets.

Management will host a conference call and a webcast to discuss the financial results on May 7, 2025, at 10:00 a.m. Eastern Daylight Time / 9:00 a.m. Central Daylight Time. The presentation is open to all interested parties and may include forward-looking information.

To access the call, please dial in approximately ten minutes before the start of the call.

Conference Call and Webcast Details

Date / Time: May 7, 2025 – 9:00 AM Central Time

Webcast: https://events.q4inc.com/attendee/852779315

U.S. Toll-Free Dial-In: (800) 715-9871

International Dial-In: +1 (646) 307-1963

Conference ID: 1774704

For those unable to participate in the live call, an audio replay will be available following the call through midnight Wednesday, May 14, 2025. To access the replay, please call (800) 770-2030 or +1 (609) 800-9909 (International) and enter playback ID 1774704 followed by the # key. A replay of the webcast will also be archived shortly after the call and can be accessed on the Company’s website.

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¹ Adjusted EBITDA is a non-GAAP financial measure. See “Non-GAAP Financial Measures” below for a definition of Adjusted EBIDTA.

About Innovex International

Innovex International, Inc (NYSE: INVX) is a Houston-based company established in 2024 following the merger of Dril-Quip, Inc and Innovex Downhole Solutions.

Our comprehensive portfolio extends throughout the lifecycle of the well; and innovative product integration ensures seamless transitions from one well phase to the next, driving efficiency, lowering cost, and reducing the rig site service footprint for the customer.

With locations throughout North America, Latin America, Europe, the Middle East and Asia, no matter where you need us, our team is readily available with technical expertise, conventional and innovative technologies, and ever-present customer service.

Non-GAAP Financial Measures

Adjusted EBIDTA is a non-GAAP financial measure. The Company defines Adjusted EBITDA as net income before interest expense, income tax expense, depreciation and amortization, (gain)/loss on sale of assets and other expense, net, further adjusted to exclude certain items which the Company believes are not reflective of our ongoing performance or which are non-cash in nature. Management uses Adjusted EBITDA to assess the profitability of the Company’s business operations and to compare the Company’s operating performance to its competitors without regard to the impact of financing methods and capital structure and excluding costs that management believes do not reflect our ongoing operating performance. Adjusted EBITDA does not represent and should not be considered as an alternative to, or more meaningful than, net income or any other measure of financial performance presented in accordance with GAAP as measures of our financial performance. Our computation of Adjusted EBITDA may differ from computations of similarly titled measures of other companies. A reconciliation to the corresponding GAAP measure is not practicable at this time.

Forward-Looking Statements

Certain statements contained in this press release and oral statements made regarding the matters addressed in this release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Innovex’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.

Forward-looking statements can be identified by the use of forward-looking terminology including “may,” “believe,” “expect,” “intend,” “anticipate,” “plan,” “should,” “estimate,” “continue,” “potential,” “will,” “hope” or other similar words and include the Company’s expectation of future performance contained herein. These statements discuss future expectations, contain projections of results of operations or of financial condition, or state other “forward-looking” information, including without limitation statements regarding timing and ability to complete the sale of the Property, the expected benefits of such sale, the Company’s ability to return capital to shareholders through share repurchases or otherwise and future M&A activities. You are cautioned not to place undue reliance on any forward-looking statements, which can be affected by assumptions used or by risks or uncertainties. Consequently, no forward- looking statements can be guaranteed. These statements reflect management’s expectations based on currently available information and involve significant risks, uncertainties and assumptions that may cause actual results to differ materially, Factors that may cause such differences include, but are not limited to, the finalization of the Company’s quarter-end results, economic conditions and other factors noted in the Company’s Annual Report on Form 10-K, any Quarterly Reports on Form 10-Q and the other documents that the Company files with the Securities and Exchange Commission. Innovex disclaims any duty to update and does not intend to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release, except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250425046785/en/

Investor Relations Contact

Avinash Cuddapah

Sr. Director – Investor Relations

[email protected]

(346) 398-0000

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Oil/Gas Energy

MEDIA:

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April 25, 2025 5:15 pm

Rezolute, Inc. Announces Closing of Underwritten Offering

NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) — Rezolute, Inc. (Nasdaq: RZLT) (“Rezolute” or the “Company”), a late-stage biopharmaceutical company committed to developing novel, transformative therapies for serious rare diseases, today announced the closing of its previously announced underwritten offering (the “Offering”) of an aggregate of 24,940,769 shares of its common stock at an offering price of $3.25 per share, which includes 4,153,846 shares of common stock pursuant to the exercise in full of the underwriters’ option to purchase additional shares of common stock and, to certain investors in lieu of common stock, pre-funded warrants to purchase up to 6,905,385 shares of common stock at an offering price of $3.2490 per pre-funded warrant, which represents the per share offering price for the common stock less the $0.001 per share exercise price for each pre-funded warrant.

Net proceeds from the Offering are expected to be approximately $96.9 million. The Company intends to use the net proceeds from the Offering for research and development, general corporate expenses and working capital needs.

The Offering included participation from new and existing investors, including Federated Hermes Kaufmann Funds, Blackstone Multi-Asset Investing, Great Point Partners, LLC, Marshall Wace, Woodline Partners LP, Nantahala Capital, Squadron Capital Management and select mutual funds.

Guggenheim Securities acted as the sole book-running manager for the Offering. BTIG, H.C. Wainwright & Co., and Jones acted as lead managers for the Offering. Craig-Hallum and Maxim Group LLC acted as co-managers for the Offering. WG Partners LLP acted as financial advisor for the Offering.

In addition to the Offering, certain existing investors have committed to purchase up to an additional $4.2 million shares of common stock in a private placement at the same offering price in a separate private placement (the “Private Placement”). The Private Placement is expected to close on or about May 7, 2025, subject to satisfaction of customary closing conditions.

A shelf registration statement on Form S-3 (File No. 333-275562) relating to the securities offered in the Offering was filed with the Securities and Exchange Commission (the “SEC”) and was declared effective on November 29, 2023. The Offering was made only by means of a prospectus supplement and accompanying prospectus that form a part of the registration statement. A final prospectus supplement and the accompanying prospectus relating to and describing the terms of the Offering was filed with the SEC and may be obtained on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to the Offering, may be obtained by contacting: Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison Avenue, New York, New York 10017, by telephone at (212) 518-9544, or by email at [email protected].

This press release does not constitute an offer to sell, or a solicitation of an offer to buy these securities, nor shall there be any sale of, these securities in any state or 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 jurisdiction.
Rezolute, Inc.

Rezolute is a late-stage rare disease company focused on significantly improving outcomes for individuals with hypoglycemia caused by hyperinsulinism (“HI”). The Company’s antibody therapy, ersodetug, is designed to treat all forms of HI and has shown substantial benefit in clinical trials and real-world use for the treatment of congenital HI and tumor HI.

Forward-Looking Statements

Any statements in this press release about the Company’s future expectations, plans and prospects, including statements regarding the Private Placement and statements regarding the Company’s expectations on the use of proceeds from the Offering, constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include any statements about the Company’s strategy, future operations and future expectations and plans and prospects for the Company, and any other statements containing the words “anticipate,” “believe,” “estimate,” “expect,” “intend”, “goal,” “may”, “might,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” and similar expressions. Such forward-looking statements involve substantial risks and uncertainties that could cause the Company’s development programs, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, those related to market and other financial conditions, the completion of the Private Placement or the size or terms thereof, satisfaction of customary closing conditions related to the Private Placement and other factors discussed in the “Risk Factors” section contained in the final prospectus supplement that have been filed with the SEC and other reports that the Company has filed with the SEC. Any forward-looking statements represent the Company’s views only as of the date of this press release. The Company anticipates that subsequent events and developments will cause its views to change. 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 required by law.

Contacts:

Rezolute, Inc.

Christen Baglaneas
[email protected]
508-272-6717

Media

Sarah Lima
[email protected]
(774) 766-0200

April 25, 2025 5:14 pm

Malibu Boats, Inc. Announces Earnings Release Date and Conference Call Information for Third Quarter Fiscal 2025 Financial Results

LOUDON, Tenn., April 25, 2025 (GLOBE NEWSWIRE) — Malibu Boats, Inc. (Nasdaq: MBUU) announced today that it will release its third quarter fiscal 2025 financial results on Thursday, May 8, 2025, before the market opens. Following the release, the company’s management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day.

The call will be hosted by Malibu’s Chief Executive Officer, Steve Menneto, and Chief Financial Officer, Bruce Beckman.

Investors and analysts are invited to listen to the conference call by dialing (844) 695-5523 or (412) 317-0699. Alternatively, interested parties can listen to a live webcast of the conference call by logging on to the Investor Relations section on the Company’s website at https://malibuboatsinc.com/investor-information/events-presentations. A replay of the webcast will also be archived on the Company’s website for twelve months.

About Malibu Boats, Inc.

Based in Loudon, Tennessee, Malibu Boats, Inc. (MBUU) is a leading designer, manufacturer and marketer of a diverse range of recreational powerboats, including performance sport, sterndrive and outboard boats. Malibu Boats, Inc. is the market leader in the performance sport boat category through its Malibu and Axis boat brands, the leader in the 20’ – 40’ segment of the sterndrive boat category through its Cobalt brand, and in a leading position in the saltwater fishing boat market with its Pursuit and Cobia offshore boats and Pathfinder, Maverick, and Hewes flats and bay boat brands. A pre-eminent innovator in the powerboat industry, Malibu Boats, Inc. designs products that appeal to an expanding range of recreational boaters, fisherman and water sports enthusiasts whose passion for boating is a key component of their active lifestyles. For more information, visit www.malibuboats.com, www.axiswake.com, www.cobaltboats.com, www.pursuitboats.com, or www.maverickboatgroup.com.

Contacts

Malibu Boats, Inc.
[email protected]

April 25, 2025 5:08 pm

N-able to Host First Quarter Earnings Conference Call on May 8, 2025

N-able to Host First Quarter Earnings Conference Call on May 8, 2025

BURLINGTON, Mass.–(BUSINESS WIRE)–N-able, Inc. (NYSE:NABL), a global software company delivering a unified cyber resiliency platform to manage, secure, and recover, today announced that it will host a conference call to discuss its financial results for the first quarter of 2025 at 8:30 a.m. ET on May 8, 2025.

A live webcast of the call will be available on the N-able Investor Relations website at http://investors.n-able.com. A replay of the webcast will be available on a temporary basis shortly after the event. N-able will issue its earnings release highlighting its first quarter results prior to the start of the conference call on May 8, 2025.

About N-able

N‑able’s mission is to protect businesses against evolving cyberthreats with a unified cyber resiliency platform to manage, secure, and recover. Our scalable technology infrastructure includes AI-powered capabilities, market-leading third-party integrations, and the flexibility to employ technologies of choice—to transform workflows and deliver critical security outcomes. Our partner-first approach combines our products with experts, training, and peer-led events that empower our customers to be secure, resilient, and successful. n-able.com

Source: N-able, Inc.

Category: Financial

View source version on businesswire.com: https://www.businesswire.com/news/home/20250425594589/en/

Investors

Griffin Gyr

[email protected]

Media

Kim Cecchini

Phone: 202.391.5205

[email protected]

KEYWORDS: United States North America Massachusetts

INDUSTRY KEYWORDS: Technology Security Other Technology Business Professional Services Software Networks Other Professional Services Artificial Intelligence

MEDIA:

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April 25, 2025 5:05 pm

Mettler-Toledo International Inc. Announces Webcast of Presentation at the BofA Securities 2025 Healthcare Conference

Mettler-Toledo International Inc. Announces Webcast of Presentation at the BofA Securities 2025 Healthcare Conference

COLUMBUS, Ohio–(BUSINESS WIRE)–
Mettler-Toledo International Inc. (NYSE:MTD) today announced it will present at the BofA Securities 2025 Healthcare Conference on Wednesday, May 14, 2025, at 4:20pm Pacific Time (7:20pm Eastern Time). A live webcast of the presentation will be available on the Company’s investor relations website at investor.mt.com.

METTLER TOLEDO (NYSE: MTD) is a leading global supplier of precision instruments and services. We have strong leadership positions in all of our businesses and believe we hold global number-one market positions in most of them. We are recognized as an innovation leader and our solutions are critical in key R&D, quality control, and manufacturing processes for customers in a wide range of industries including life sciences, food, and chemicals. Our sales and service network is one of the most extensive in the industry. Our products are sold in more than 140 countries and we have a direct presence in approximately 40 countries. With proven growth strategies and a focus on execution, we have achieved a long-term track record of strong financial performance. For more information, please visit www.mt.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250425087280/en/

Adam Uhlman

Head of Investor Relations

METTLER TOLEDO

Direct: 614-438-4794

[email protected]

KEYWORDS: United States North America Ohio

INDUSTRY KEYWORDS: Machine Tools, Metalworking & Metallurgy Engineering Health Chemicals/Plastics Medical Devices Manufacturing Other Manufacturing

MEDIA:

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