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Yahoo
24-06-2025
- Business
- Yahoo
Anterix Inc. Reports Full Fiscal Year 2025 Results
WOODLAND PARK, N.J., June 24, 2025 (GLOBE NEWSWIRE) -- Anterix (NASDAQ: ATEX) today announced fiscal 2025 fourth quarter and full fiscal year financial results and filed its 10-K for the year ended March 31, 2025. The Company also issued an update on its Demonstrated Intent metric which can be found on Anterix's website at Full Year FY2025 Financial and Operational Highlights Appointed Scott Lang as President and Chief Executive Officer effective October 8, 2024 Appointed Thomas Kuhn as Executive Chairman of the Board in January 2025 Executed new spectrum sale agreements with Oncor Electric Delivery Company LLC ('Oncor') for $102.5 million in June 2024 and Lower Colorado River Authority ('LCRA') for $13.5 million in January 2025 Received milestone payments of $8.5 million from Ameren Corporation ('Ameren') and $44.0 million from Oncor Approximately $147 million of contracted proceeds outstanding with approximately $80 million to be received in fiscal 2026 Exchanged narrowband for broadband licenses in 67 counties and recorded a $22.8 million gain Invested $18.1 million in spectrum clearing costs Secured FCC approval of a Notice of Proposed Rulemaking to expand the current paired 3 x 3 MHz broadband segment to a paired 5 x 5 MHz broadband segment within the 900 MHz band in January 2025 Initiated a strategic review process after receiving inbound interest in the Company in February 2025 which remains ongoing Launched the AnterixAccelerator™ industry engagement initiative in March 2025 to speed up utility adoption of private broadband networks; the program is now oversubscribed with utilities actively engaged in discussions and negotiations for $250 million in 900 MHz spectrum incentives Approximately $3 billion pipeline of prospective contract opportunities across 60+ potential customers Fourth Quarter FY2025 Financial Highlights Exchanged narrowband for broadband licenses in 47 counties and recorded a $2.0 million gain Transferred four broadband licenses to Oncor and recorded an $18.3 million gain on the sale of intangible assets Invested $5.5 million in spectrum clearing costs Successfully identified and executed on several measures to reduce operating expenses, mainly through cuts in consulting fees and headcount costs Liquidity and Balance Sheet At March 31, 2025, the Company had no debt and cash and cash equivalents of $47.4 million. In addition, the Company had a restricted cash balance of $7.7 million in escrow deposits. The Company has an authorized share repurchase program for up to $250.0 million of the Company's common stock on or before September 21, 2026. In the fiscal 2025 fourth quarter and full fiscal, Anterix had share repurchase activity of $2.0 million and $8.4 million, respectively. As of March 31, 2025, $227.7 million is remaining under the share repurchase program. Conference Call Information Anterix senior management will hold an analyst and investor conference call to provide a business update at 9:00 A.M. ET on Wednesday, June 25, 2025. Participants interested in joining the call's live question and answer session are required to pre-register by clicking on the following link to obtain a dial-in number and unique PIN. It is recommended that you join the call at least 10 minutes before the conference call begins. The call is also being webcast live and will be accessible on the Investor Relations section of Anterix's website at Following the event, a replay of the call will also be available on the Anterix website. About Anterix Inc. At Anterix, we work with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 125 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Alaska, Hawaii, and Puerto Rico, we are uniquely positioned to enable private wireless broadband solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit Forward-Looking Statements Certain statements contained in this press release constitute forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events or achievements such as statements in this press release related to Anterix's business, financial results, outlook, or opportunities. Actual events or results may differ materially from those contemplated in this press release. Forward-looking statements speak only as of the date they are made and readers are cautioned not to put undue reliance on such statements, as they are subject to a number of risks and uncertainties that could cause Anterix's actual future results to differ materially from results indicated in the forward-looking statement. Such statements are based on assumptions that could cause actual results to differ materially from those in the forward-looking statements, including: (i) the timing of payments under customer agreements; (ii) Anterix's ability to clear the 900 MHz Broadband Spectrum on a timely basis and on commercially reasonable terms; (iii) Anterix's ability to timely secure broadband licenses; (iv) Anterix's ability to successfully commercialize its spectrum assets to its targeted utility customers in accordance with its plans and expectations; (v) Anterix's ability to execute on its customer engagement initiatives; (vi) the timing and outcome of Anterix's strategic review process; (vii) whether Anterix will be able to identify, develop or execute on any actions as a result of its strategic review process and (viii) competition in the market for spectrum and spectrum solutions offered by Anterix. Actual events or results may differ materially from those contemplated in this press release. Anterix's filings with the Securities and Exchange Commission ('SEC'), which you may obtain for free at the SEC's website at discuss some of the important risk factors that may affect the Company's financial outlook, business, results of operations and financial condition. Anterix undertakes no obligation to update publicly or revise any forward-looking statements contained herein. Shareholder Contact Natasha Vecchiarelli Vice President, Investor Relations & Corporate Communications Anterix 973-531-4397 nvecchiarelli@ Anterix Inc. Earnings Release Tables Consolidated Balance Sheets (in thousands, except share and per share data) March 31, 2025 March 31, 2024 ASSETS Current assets Cash and cash equivalents $ 47,374 $ 60,578 Non-trade receivable 2,926 — Spectrum receivable 7,107 8,521 Escrow deposits 547 — Prepaid expenses and other current assets 2,801 3,912 Total current assets 60,755 73,011 Escrow deposits 7,103 7,546 Property and equipment, net 1,302 2,062 Right of use assets, net 4,829 4,432 Intangible assets 228,983 216,743 Deferred broadband costs 28,944 19,772 Other assets 1,188 1,328 Total assets $ 333,104 $ 324,894 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and other accrued expenses $ 9,075 $ 8,631 Accrued severance and other related charges 2,265 — Due to related parties 30 — Operating lease liabilities 1,643 1,850 Contingent liability 8,093 1,000 Deferred revenue 6,095 6,470 Total current liabilities 27,201 17,951 Operating lease liabilities 3,747 3,446 Contingent liability 15,336 15,000 Deferred revenue 118,577 115,742 Deferred gain on sale of intangible assets 4,911 4,911 Deferred income tax 6,606 6,281 Other liabilities 125 531 Total liabilities 176,503 163,862 Commitments and contingencies Stockholders' equity Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at March 31, 2025 and March 31, 2024 — — Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 18,612,804 shares issued and outstanding at March 31, 2025 and 18,452,892 shares issued and outstanding at March 31, 2024 2 2 Additional paid-in capital 548,542 533,203 Accumulated deficit (391,943 ) (372,173 ) Total stockholders' equity 156,601 161,032 Total liabilities and stockholders' equity $ 333,104 $ 324,894 Anterix Inc. Earnings Release Tables Consolidated Statements of Operations (in thousands, except share and per share data) Three Months Ended March 31, Year Ended March 31, 2025 2024 2025 2024 Spectrum revenue $ 1,389 $ 1,260 $ 6,031 $ 4,191 Operating expenses General and administrative 9,220 9,593 42,671 44,423 Sales and support 1,594 1,728 6,110 5,693 Product development 1,089 2,243 5,735 5,697 Severance and other related charges 258 — 3,771 — Depreciation and amortization 76 191 548 844 Operating expenses 12,237 13,755 58,835 56,657 Gain on exchange of intangible assets, net (1,953 ) (1,989 ) (22,799 ) (35,024 ) Gain on sale of intangible assets, net (18,294 ) — (18,294 ) (7,364 ) Loss from disposal of long-lived assets, net 3 5 3 44 Income (loss) from operations 9,396 (10,511 ) (11,714 ) (10,122 ) Interest income 446 926 2,159 2,374 Other income 40 44 75 233 Income (loss) before income taxes 9,882 (9,541 ) (9,480 ) (7,515 ) Income tax expense (benefit) 674 (130 ) 1,892 1,613 Net income (loss) $ 9,208 $ (9,411 ) $ (11,372 ) $ (9,128 ) Net income (loss) per common share basic $ 0.50 $ (0.51 ) $ (0.61 ) $ (0.49 ) Net income (loss) per common share diluted $ 0.49 $ (0.51 ) $ (0.61 ) $ (0.49 ) Weighted-average common shares used to compute basic net income (loss) per share 18,577,700 18,483,292 18,562,446 18,765,190 Weighted-average common shares used to compute diluted net income (loss) per share 18,709,205 18,483,292 18,562,446 18,765,190 Anterix Inc. Earnings Release Tables Consolidated Statements of Cash Flows (in thousands) Three Months Ended March 31, Year Ended March 31, 2025 2024 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ 9,208 $ (9,411 ) $ (11,372 ) $ (9,128 ) Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities Depreciation and amortization 76 191 548 844 Stock compensation expense 2,912 3,483 13,531 15,507 Deferred income taxes (130 ) (51 ) 325 841 Rights of use assets 431 2,770 1,657 1,512 Gain on exchange of intangible assets, net (1,953 ) (1,989 ) (22,799 ) (35,024 ) Gain on sale of intangible assets, net (18,294 ) — (18,294 ) (7,364 ) Loss from disposal of long-lived assets, net 3 5 3 44 Changes in operating assets and liabilities Non-trade receivable (2,926 ) — (2,926 ) — Prepaid expenses and other assets (139 ) (1,493 ) 1,126 (1,171 ) Accounts payable and other accrued expenses 167 348 550 1,936 Accrued severance and other related charges (25 ) — 2,265 — Due to related parties 30 — 30 (533 ) Operating lease liabilities (507 ) (2,865 ) (1,960 ) (1,924 ) Contingent liability (4,001 ) — 5,999 15,000 Deferred revenue (1,389 ) 15,152 2,460 61,453 Other liabilities (18 ) — (406 ) — Net cash (used in) provided by operating activities (16,555 ) 6,140 (29,263 ) 41,993 CASH FLOWS FROM INVESTING ACTIVITIES Purchases of intangible assets, including refundable deposits, retuning costs and swaps (5,474 ) (2,222 ) (18,095 ) (17,031 ) Proceeds from sale of spectrum 40,935 — 40,935 25,427 Purchases of equipment (46 ) (40 ) (87 ) (307 ) Net cash provided by (used in) investing activities 35,415 (2,262 ) 22,753 8,089 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from stock option exercises 1,691 770 3,651 777 Repurchase of common stock (1,955 ) (5,970 ) (8,398 ) (24,676 ) Payments of withholding tax on net issuance of restricted stock — (104 ) (1,843 ) (1,241 ) Net cash used in financing activities (264 ) (5,304 ) (6,590 ) (25,140 ) Net change in cash and cash equivalents and restricted cash 18,596 (1,426 ) (13,100 ) 24,942 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH Cash and cash equivalents and restricted cash at beginning of the year 36,428 69,550 68,124 43,182 Cash and cash equivalents and restricted cash at end of the year $ 55,024 $ 68,124 $ 55,024 $ 68,124 The following tables provide a reconciliation of cash and cash equivalents and restricted cash reported on the Consolidated Balance Sheets that sum to the total of the same such amounts on the Consolidated Statements of Cash Flows: March 31, 2025 March 31, 2024 March 31, 2023 Cash and cash equivalents $ 47,374 $ 60,578 $ 43,182 Escrow deposits 7,650 7,546 — Total cash and cash equivalents and restricted cash $ 55,024 $ 68,124 $ 43,182 December 31, 2024 December 31, 2023 Cash and cash equivalents $ 28,797 $ 62,033 Escrow deposits 7,631 7,517 Total cash and cash equivalents and restricted cash $ 36,428 $ 69,550 Anterix Inc. Earnings Release Tables Other Financial Information (in thousands except per share data) Three Months Ended March 31, Year Ended March 31, 2025 2024 2025 2024 Number of shares repurchased and retired 50 173 245 736 Average price paid per share* $ 38.63 $ 33.80 $ 33.71 $ 33.72 Total cost to repurchase $ 1,955 $ 5,970 $ 8,398 $ 24,676 * Average price paid per share includes costs associated with the repurchases, excluding excise taxes associated with the share repurchases. As of March 31, 2025, $227.7 million is remaining under the share repurchase while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
12-06-2025
- Automotive
- Yahoo
Does DOT's enforcement policy put truck safety at risk?
WASHINGTON — A new enforcement policy being considered by the U.S. Department of Transportation marks a significant change in enforcement of trucking violations, and crash-victim advocates are concerned it will make the roads less safe. In a Notice of Proposed Rulemaking (NPRM) issued in May, the DOT is proposing several administrative changes, including how it oversees enforcement procedures by several of its modal agencies, including the Federal Motor Carrier Safety Administration. The NPRM 'proposes updates to the Department's procedural requirements governing the review and clearance of guidance documents, and the initiation and conduct of enforcement actions, including administrative enforcement proceedings and judicial enforcement actions brought in Federal court,' the proposal states. Significantly for the trucking industry, DOT's proposal follows a trend within government to push adjudication out of the regulatory agencies and into the federal courts. Unless a statute or regulation clearly authorizes an agency such as FMCSA to enforce a legal requirement directly through an administrative enforcement proceeding, DOT's NPRM states, 'the proper forum for the enforcement action is Federal court, and the enforcement action must be initiated in court by attorneys of the Department of Justice acting in coordination with DOT counsel.' Zach Cahalan, executive director of the Truck Safety Coalition, a truck-crash victim advocacy group, believes that placing enforcement for truck industry violations in the hands of courts and judges unfamiliar with how the industry operates could result in less enforcement and riskier carriers. 'TSC is deeply concerned that these changes will severely diminish DOT's ability to enforce safety regulations against carriers,' Cahalan told FreightWaves. 'The notion that regulated entities should have their fate decided by federal judges rather than the DOT is absurd and unheard of. Make no mistake, this is a radical departure from the longstanding accepted norms and will only benefit industry. This will result in far less enforcement and more unsafe carriers operating discriminately on our roads.' Cahalan also noted DOT's plan to adopt the 'Brady rule' in all enforcement actions, including those of the FMCSA, as part of the proposed rule. The rule states that the government has a duty to disclose exculpatory information – information that could clear someone of guilt or blame – in criminal cases. Adopting the rule for enforcement actions 'will contribute to the Department's goal of open and fair investigations and administrative enforcement proceedings,' DOT stated. 'These disclosures should include any material evidence … that may be favorable to the regulated entity in the enforcement action—including evidence that tends to negate or diminish the party's responsibility for a violation or that could be relied upon to reduce the potential fine or other penalties.' But adopting such a practice, Cahalan said, 'does strike me as favorable to industry.' Brian Stansbury, who was chief counsel at FMCSA during the Biden administration, understands why safety advocates are concerned with the proposed policy shift. 'Giving members of the regulated community the ability to disqualify the enforcement official that they're dealing with gives the regulated community real power to push back on enforcement proceedings,' Stansbury, now a partner at the law firm Hunton Andrews Kurth LLP, told FreightWaves in an interview. 'My concern is that it could make enforcement harder for the department if the first move every single time by a member of the regulated community is to try to disqualify the enforcement official. This could result in additional delays and wasted resources spent addressing requests to disqualify. This is an even greater concern with respect to FMCSA enforcement, where you have so many enforcement matters occurring at any given time.' Regarding adoption of the Brady rule in administrative enforcement actions, 'I believe government enforcement officials should be held to a high level of impartiality with a focus on justice, not getting a favorable result, and I am comfortable with the regulated community to have tools to ensure they get exculpatory information,' he said. 'But it also gives bad actors a tool to delay and undermine enforcement actions, and those bad actors are probably the ones most inclined to operate unsafely. It's the risk of abuse that we have to be thoughtful about.' P. Sean Garney, co-director of Scopelitis Transportation Consulting and an FMCSA regulations expert, said that while DOT's policy shift seeks to reduce regulatory red tape, it is no gift to the trucking industry. 'I think this is more about regulatory philosophy than an industry versus safety issue,' Garney told FreightWaves. 'Some regulations protect industry and keep bad actors out. Good actors in the industry have a vested interest in setting a reasonable standard through regulation.' Garney pointed out that a provision within the proposal that weakens the power of guidance documents could actually work against the industry. 'Without this guidance they won't know how to stay compliant and will not have a reliable foundation on which to build their operations.' The deadline for public comment on DOT's proposed enforcement changes is June 16. Trump administration wants to cut FMCSA workforce by 7% DOT's deregulation barrage raises compliance concerns for trucking Freight industry: Which regulations should DOT cut? Click for more FreightWaves articles by John Gallagher. The post Does DOT's enforcement policy put truck safety at risk? appeared first on FreightWaves.
Yahoo
20-05-2025
- Business
- Yahoo
DuPont and Epicore Biosystems Collaborate to Advance Worker Safety Through Smart Wearable Technology
CAMBRIDGE, Mass. and WILMINGTON, Del., May 20, 2025 /PRNewswire/ -- Epicore Biosystems (Epicore), a digital health solutions leader developing advanced sweat-sensing wearables, and DuPont Personal Protection (DuPont) (NYSE: DD), a global leader in personal protection solutions, have agreed to work together to explore opportunities to potentially enhance worker safety and well-being. Drawing on DuPont's expertise in protective garments and Epicore's wearable hydration management technology, this collaboration can help to drive new data analytics and quantitative insights at the intersection of advanced biometrics and personal protective clothing. Rising temperatures and extreme climate conditions contribute to cognitive and physical decline, particularly in physically demanding industries. A 2024 Department of Labor Occupational Safety and Health (OSHA) Notice of Proposed Rulemaking (NPRM) for Heat Injury and Illness Prevention in Outdoor and Indoor Work Settings underscores the growing regulatory attention in this area. As a result, personalized hydration and physiologically driven safety measures are critical to mitigate the risks of heat exhaustion and stress. Epicore's Connected Hydration wearable solution1 provides real-time hydration and physiological tracking. In combination with DuPont's personal protective clothing, these biometric data streams and personalized recommendations have the potential to offer unparalleled insights about worker safety under various work conditions. "We are thrilled to collaborate with DuPont to unlock new worker safety applications for our Connected Hydration platform," said Matt Marrapode, Vice President of Strategy at Epicore Biosystems. "Our overarching goal is to empower workers with personalized hydration insights, enabling them to perform at their best while minimizing risks associated with dehydration and heat exposure. This collaboration with DuPont represents an important step toward combining wearable hydration management solutions with personal protective equipment." Epicore's Connected Hydration platform1 is the first smart wearable solution in the market that helps workers proactively manage their hydration and recovery using sweat-sensing technology. Connected Hydration has been broadly deployed across North America, Asia, Australia, and the Middle East in sports, wellness, and industrial settings. By integrating Epicore's data-driven health monitoring solutions with DuPont's portfolio of personal protective clothing, the companies are uniquely positioned to explore new individualized strategies to support workers in high-risk environments requiring protective gear. "Our mission at DuPont is to protect workers and to help ensure their well-being in the workplace. Collaborating with Epicore Biosystems enables our team to explore advanced biometrics in tandem with our industry-leading personal protective solutions," said Liz Briggs, Global Marketing Manager at DuPont. The collaboration reflects DuPont and Epicore's shared commitment to advancing breakthrough innovations that address workers' hydration and safety needs. Both companies are helping to set the stage for a future whereby smart wearable technologies and personal protective equipment play a crucial and integrated role in the workplace. To learn more about Epicore Biosystems and its suite of wearable technology, visit For more on DuPont Personal Protection, visit About Epicore Biosystems: Epicore Biosystems is a digital health company spun out of Northwestern University's Querrey Simpson Institute for Bioelectronics and the John Rogers Laboratory. Epicore has developed advanced sweat-sensing wearables that provide real-time personalized health insights. Their clinically validated biowearable solutions and cloud analytics are deployed globally and licensed by leading Fortune 500 companies, the Department of Defense and the National Institute of Health. To learn more, visit: Follow Epicore on LinkedIn. 1 About DuPont: DuPont (NYSE: DD) is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, healthcare and worker safety. More information about the company, its businesses and solutions can be found at Investors can access information included on the Investor Relations section of the website at This information is based upon technical data that DuPont believes to be reliable. It is subject to revision as additional knowledge and experience become available. It is the user's responsibility to determine the level of toxicity and the proper personal protective equipment needed. The information set forth herein reflects laboratory performance of fabrics, not complete garments, under controlled conditions. This information is intended for use by persons having the technical expertise to undertake evaluation under their own specific end-use conditions, at their own discretion and risk. Anyone intending to use this information should first check that the garment selected is suitable for the intended use. The end-user should discontinue use of garment if fabric becomes torn, worn or punctured, to avoid potential chemical exposure. Since conditions of use are beyond our control, DUPONT DE NEMOURS AND ITS AFFILIATES MAKE NO WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE AND ASSUME NO LIABILITY IN CONNECTION WITH ANY USE OF THIS PRODUCT OR INFORMATION. This information is not intended as a license to operate under or a recommendation to infringe any trademark, patent or technical information of DuPont or other persons covering any material or its use. © 2025 DuPont. All rights reserved. DuPont™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™, ℠ or ® are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted. 05/2025 View original content to download multimedia: SOURCE Epicore Biosystems, Inc. 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Yahoo
20-05-2025
- Business
- Yahoo
DuPont and Epicore Biosystems Collaborate to Advance Worker Safety Through Smart Wearable Technology
CAMBRIDGE, Mass. and WILMINGTON, Del., May 20, 2025 /PRNewswire/ -- Epicore Biosystems (Epicore), a digital health solutions leader developing advanced sweat-sensing wearables, and DuPont Personal Protection (DuPont) (NYSE: DD), a global leader in personal protection solutions, have agreed to work together to explore opportunities to potentially enhance worker safety and well-being. Drawing on DuPont's expertise in protective garments and Epicore's wearable hydration management technology, this collaboration can help to drive new data analytics and quantitative insights at the intersection of advanced biometrics and personal protective clothing. Rising temperatures and extreme climate conditions contribute to cognitive and physical decline, particularly in physically demanding industries. A 2024 Department of Labor Occupational Safety and Health (OSHA) Notice of Proposed Rulemaking (NPRM) for Heat Injury and Illness Prevention in Outdoor and Indoor Work Settings underscores the growing regulatory attention in this area. As a result, personalized hydration and physiologically driven safety measures are critical to mitigate the risks of heat exhaustion and stress. Epicore's Connected Hydration wearable solution1 provides real-time hydration and physiological tracking. In combination with DuPont's personal protective clothing, these biometric data streams and personalized recommendations have the potential to offer unparalleled insights about worker safety under various work conditions. "We are thrilled to collaborate with DuPont to unlock new worker safety applications for our Connected Hydration platform," said Matt Marrapode, Vice President of Strategy at Epicore Biosystems. "Our overarching goal is to empower workers with personalized hydration insights, enabling them to perform at their best while minimizing risks associated with dehydration and heat exposure. This collaboration with DuPont represents an important step toward combining wearable hydration management solutions with personal protective equipment." Epicore's Connected Hydration platform1 is the first smart wearable solution in the market that helps workers proactively manage their hydration and recovery using sweat-sensing technology. Connected Hydration has been broadly deployed across North America, Asia, Australia, and the Middle East in sports, wellness, and industrial settings. By integrating Epicore's data-driven health monitoring solutions with DuPont's portfolio of personal protective clothing, the companies are uniquely positioned to explore new individualized strategies to support workers in high-risk environments requiring protective gear. "Our mission at DuPont is to protect workers and to help ensure their well-being in the workplace. Collaborating with Epicore Biosystems enables our team to explore advanced biometrics in tandem with our industry-leading personal protective solutions," said Liz Briggs, Global Marketing Manager at DuPont. The collaboration reflects DuPont and Epicore's shared commitment to advancing breakthrough innovations that address workers' hydration and safety needs. Both companies are helping to set the stage for a future whereby smart wearable technologies and personal protective equipment play a crucial and integrated role in the workplace. To learn more about Epicore Biosystems and its suite of wearable technology, visit For more on DuPont Personal Protection, visit About Epicore Biosystems: Epicore Biosystems is a digital health company spun out of Northwestern University's Querrey Simpson Institute for Bioelectronics and the John Rogers Laboratory. Epicore has developed advanced sweat-sensing wearables that provide real-time personalized health insights. Their clinically validated biowearable solutions and cloud analytics are deployed globally and licensed by leading Fortune 500 companies, the Department of Defense and the National Institute of Health. To learn more, visit: Follow Epicore on LinkedIn. 1 About DuPont: DuPont (NYSE: DD) is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, healthcare and worker safety. More information about the company, its businesses and solutions can be found at Investors can access information included on the Investor Relations section of the website at This information is based upon technical data that DuPont believes to be reliable. It is subject to revision as additional knowledge and experience become available. It is the user's responsibility to determine the level of toxicity and the proper personal protective equipment needed. The information set forth herein reflects laboratory performance of fabrics, not complete garments, under controlled conditions. This information is intended for use by persons having the technical expertise to undertake evaluation under their own specific end-use conditions, at their own discretion and risk. Anyone intending to use this information should first check that the garment selected is suitable for the intended use. The end-user should discontinue use of garment if fabric becomes torn, worn or punctured, to avoid potential chemical exposure. Since conditions of use are beyond our control, DUPONT DE NEMOURS AND ITS AFFILIATES MAKE NO WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE AND ASSUME NO LIABILITY IN CONNECTION WITH ANY USE OF THIS PRODUCT OR INFORMATION. This information is not intended as a license to operate under or a recommendation to infringe any trademark, patent or technical information of DuPont or other persons covering any material or its use. © 2025 DuPont. All rights reserved. DuPont™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™, ℠ or ® are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted. 05/2025 View original content to download multimedia: SOURCE Epicore Biosystems, Inc.
Yahoo
09-05-2025
- Business
- Yahoo
Nexstar Media Group Inc (NXST) Q1 2025 Earnings Call Highlights: Navigating Revenue Challenges ...
Net Revenue: $1.23 billion, a decline of 3.9% compared to the prior year. Distribution Revenue: $762 million, increased by 0.1% over the prior year quarter. Advertising Revenue: $460 million, decreased by 10.2% over the prior year quarter. Political Advertising Revenue: $6 million, a decrease of $32 million from the prior year. Adjusted EBITDA: $381 million, representing a 30.9% margin, decreased by $71 million from the prior year. Adjusted Free Cash Flow: $348 million, compared to $389 million last year. Capital Expenditures (CapEx): $35 million, a decrease from $44 million in the prior year. Net Interest Expense: $97 million, a reduction of $17 million from the prior year. Outstanding Debt: $6.5 billion, a reduction of $28 million for the quarter. Cash Balance: $253 million at quarter end. First Lien Covenant Ratio: 1.67 times, well below the covenant of 4.25 times. Total Net Leverage: 2.93 times at quarter end. Warning! GuruFocus has detected 4 Warning Signs with NXST. Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Nexstar Media Group Inc (NASDAQ:NXST) reported a strong start to 2025 with solid financial results, including record first quarter distribution revenue. The company is well-positioned to capitalize on potential deregulation, which could lead to strategic mergers and acquisitions. Nexstar's diversified revenue streams, with 63% coming from distribution and other sources, provide stability amid economic uncertainties. The CW network showed significant improvement, with its strongest primetime performance in eight quarters, driven by new content strategies. News Nation continues to grow its audience, outperforming competitors like MSNBC and CNN in key demographics, and gaining recognition as a trusted national news source. Nexstar Media Group Inc (NASDAQ:NXST) experienced a 3.9% decline in net revenues compared to the prior year, primarily due to a reduction in political advertising. The advertising market remains challenging, with a 10.2% decrease in advertising revenue, impacted by softness in the television advertising market. Subscriber attrition continues to be a concern, although there are signs of marginal improvement in subscriber trends. The CW network's profitability declined in the first quarter due to increased sports programming amortization. The company faces potential risks from elevated interest rates and reduced maximum leverage, affecting the cost of capital for new transactions. Q: What is the expected timeline for regulatory changes if the fifth FCC commissioner is confirmed soon? A: Perry Sook, Chairman and CEO, indicated that an NPRM (Notice of Proposed Rulemaking) could be one of the first actions taken by the FCC Chairman to revisit ownership rules. He expects momentum in Washington to continue, with potential M&A activity coming into focus as the year progresses. Q: Are you comfortable with beginning transactions under the conditionality of the FCC's new procedures if an NPRM is issued? A: Perry Sook stated that Nexstar is willing to take calculated risks for opportunities, and they would consider putting pen to paper during the pendency of an NPRM, depending on circumstances and having a willing counterparty. Q: How is the current advertising market performing, and what are the expectations for the rest of the year? A: Lee Gliha, CFO, noted that the advertising market is currently down in the mid-single digits year-over-year, similar to Q1 results. They expect a pickup in the back half of the year due to the elimination of crowd-out effects. Q: How do you prioritize between expanding your national footprint and increasing in-market duopolies? A: Perry Sook emphasized that growing the national footprint has more strategic importance than adding a second or third station in a market. However, both have strategic importance, and they focus on acquisitions that are more accretive than buying back stock. Q: What is the impact of the current regulatory environment on potential M&A activities? A: Perry Sook mentioned that the DOJ understands the need for marketplace realities in transactions, and there is broad agreement in the industry for consolidation. The NAB board unanimously supports eliminating national cap and in-market ownership restrictions, which could facilitate M&A activities. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
