Paragon 28 sees $401,384 in stock sales by MVM PartnersGov.-elect Mike Braun may have to implement some of his planned state government cost-cutting measures quicker than expected if Indiana's monthly tax collections remain sluggish ahead of the Republican's Jan. 13 inauguration . Data recently released by the State Budget Agency show Indiana took in $1.4 billion in General Fund revenue during October — a shortfall of $84 million, or 5.7%, compared to the state's revenue forecast. Sales tax receipts, along with individual and corporate income taxes, which together make up the bulk of Indiana's monthly revenue, each came in less than projected in October. More troubling, Indiana's General Fund revenue through one-third of its 2025 budget year now is $342.7 million, or 5.1%, below the resources Hoosier lawmakers anticipated when they crafted the state's two-year spending plan. Records show the $6.4 billion in total revenue between July and October also was $204.5 million, or 3.1%, less than Indiana's General Fund receipts during the same four-month period last year. While some of that reduction is attributable to Indiana cutting its personal income tax rate to 3.05% from 3.15%, it also suggests Hoosiers aren't earning or spending as much as they did last last year. But the State Budget Agency isn't panicking. It said tax payment timing, tax rate changes, federal policy decisions and a host of other factors can cause wide month-to-month fluctuations in state revenue results. "These timing dynamics are expected to normalize over the coming months starting in December," the agency said. "Month-to-month changes are to be interpreted within the full fiscal year forecast. More than 60% of revenues are projected to come in between December and June." An updated state revenue forecast for the rest of the current budget year, and looking ahead to 2026-27, is set to be presented Dec. 18 to the State Budget Committee.
Hezbollah fires about 250 rockets and other projectiles into Israel in heaviest barrage in weeks BEIRUT (AP) — Hezbollah has fired about 250 rockets and other projectiles into Israel, wounding seven people in one of the militant group’s heaviest barrages in months. Sunday's attacks in northern and central Israel came in response to deadly Israeli strikes in central Beirut on Saturday. Israel struck southern Beirut on Sunday. Meanwhile, negotiators press on with cease-fire efforts to halt the all-out war. And Lebanon's military says an Israeli strike on a Lebanese army center in the southwest killed one soldier and wounded 18 others. Israel's military has expressed regret and said its operations are directed solely against the militants. Israel cracks down on Palestinian citizens who speak out against the war in Gaza UMM AL-FAHM, Israel (AP) — In the year since the war in Gaza broke out, Israel's government has been cracking down on dissent among its Palestinian citizens. Authorities have charged Palestinians with “supporting terrorism” because of posts online or for demonstrating against the war. Activists and rights watchdogs say Palestinians have also lost jobs, been suspended from schools and faced police interrogations. Palestinians make up about 20% of Israel's population. Many feel forced to self-censor out of fear of being jailed and further marginalized in society. Others still find ways to dissent, but carefully. Israel's National Security Ministry counters that, “Freedom of speech is not the freedom to incite.” Somalia says 24 people have died after 2 boats capsized in the Indian Ocean MOGADISHU, Somalia (AP) — Somalia's government says 24 people died after two boats capsized off the Madagascar coast in the Indian Ocean. Somalia’s Foreign Minister Ahmed Moalim Fiqi said 46 people were rescued. Most of the passengers were young Somalis, and their intended destination remains unclear. Many young Somalis embark every year on dangerous journeys in search of better opportunities abroad. A delegation led by the Somali ambassador to Ethiopia is scheduled to travel to Madagascar on Monday to investigate the incident and coordinate efforts to help survivors. Forecasts warn of possible winter storms across US during Thanksgiving week WINDSOR, Calif. (AP) — Forecasters in the U.S. have warned of another round of winter weather that could complicate travel leading up to Thanksgiving. California is bracing for more snow and rain while still grappling with some flooding and small landslides from a previous storm. The National Weather Service has issued a winter storm warning for California's Sierra Nevada through Tuesday, with heavy snow expected at high elevations. Thousands remained without power in the Seattle area on Sunday after a “bomb cyclone” storm system hit the West Coast last week, killing two people. Republicans lash out at Democrats' claims that Trump intelligence pick Gabbard is 'compromised' FORT LAUDERDALE, Fla. (AP) — Republican lawmakers are pushing back against criticism from some Democrats that President-elect Donald Trump’s pick to lead U.S. intelligence services is “compromised” by her comments supportive of Russia and a meeting with an ally of that country. The accusation came from Sen. Tammy Duckworth. The Illinois Democrat says she has concerns about the pro-Russian views expressed by Tulsi Gabbard, who was tapped for the post of director of national intelligence. Duckworth’s comments on Sunday drew immediate backlash from Republicans. The rising price of paying the national debt is a risk for Trump's promises on growth and inflation WASHINGTON (AP) — Donald Trump has big plans for the economy. He also has big debt problem that'll be a hurdle to delivering on those plan. Trump has bold ambitions on tax cuts, tariffs and other programs. But high interest rates and the price of repaying the federal government’s existing debt could limit what he’s able to do. The federal debt stands at roughly $36 trillion, and the spike in inflation after the pandemic has pushed up the government’s borrowing costs such that debt service next year will easily exceed spending on national security. Moscow offers debt forgiveness to new recruits and AP sees wreckage of a new Russian missile KYIV, Ukraine (AP) — Russian President Vladimir Putin has signed a law granting debt forgiveness to new army recruits who enlist to fight in Ukraine. The measure, whose final version appeared on a government website Saturday, underscores Russia’s needs for military personnel in the nearly 3-year-old war, even as it fired last week a new intermediate-range ballistic missile. Russia has ramped up military recruitment by offering increasing financial incentives to those willing to fight in Ukraine. Ukraine’s Security Service on Sunday showed The Associated Press wreckage of the new intermediate-range ballistic missile that struck a factory in the central Ukrainian city of Dnipro on Thursday. After Trump's win, Black women are rethinking their role as America's reliable political organizers ATLANTA (AP) — Donald Trump's victory has dismayed many politically engaged Black women, and they're reassessing their enthusiasm for politics and organizing. Black women often carry much of the work of getting out the vote, and they had vigorously supported the historic candidacy of Kamala Harris. AP VoteCast, a survey of more than 120,000 voters, found that 6 in 10 Black women said the future of democracy was the single most important factor for their vote this year, a higher share than for other demographic groups. But now, some Black women are renewing calls to emphasize rest, focus on mental health and become more selective about what fight they lend their organizing power to. Heavy rains in Bolivia send mud crashing into the capital, leaving 1 missing and destroying homes LA PAZ, Bolivia (AP) — Authorities say that a landslide caused by heavy rains has flooded dozens of homes in La Paz, the capital of Bolivia. It swept away a young girl, spurred evacuations and left parts of the city without electricity. Torrential rain on Saturday caused a river to spill its banks Sunday, dislodging mud from a southwestern La Paz neighborhood where low-slung, shoddily built dwellings dot the hillside. The torrent of debris and soil surged down a narrow ravine early Sunday, wrecking some two dozen homes and flooding another 40. Hours after the rain subsided, rescuers were still searching for the missing 5-year-old girl. Emergency workers saved six residents suffering from hypothermia. 'Wicked' and 'Gladiator' make gravity-defying theater debuts NEW YORK (AP) — “Wicked” and “Gladiator II” have debuted in theaters with a combined $270 million in ticket sales. Their worldwide performance breathed fresh life into global box office results that have struggled lately. Together the films turned the moviegoing weekend into one of the busiest of the year. Jon M. Chu’s lavish big-budget musical “Wicked,” starring Ariana Grande and Cynthia Erivo, debuted with $114 million domestically and $164.2 million globally. Ridley Scott’s “Gladiator II” is a sequel to his 2000 best picture-winning original and launched with $55.5 million in ticket sales. “Moana 2” is being released Wednesday, so it looks like Hollywood might be looking at historic sales over the Thanksgiving holiday.By Daily Trust Laolu Akande, a former presidential aide, has called on President Bola Ahmed Tinubu to rise above the performance of his predecessors and leave a legacy of trust and transformation for Nigerians. Akande said this on Thursday while speaking as a guest on Channels TV’s Sunrise Daily. “The president must understand that he has an obligation to be the best president Nigeria has ever had. If he does anything below that, it’s a disappointment to his pedigree,” he stated. Reflecting on Tinubu’s past achievements as Lagos State governor and his experience as an opposition politician in the country, Akande expressed high expectations for Tinubu’s presidency. Be patient with Tinubu, 2025 presents better deal – Ganduje Christmas: CAN asks Tinubu to reduce food prices, strengthen agriculture “When they asked him about corruption, his response was lackadaisical. The president must understand the corrosive nature of corruption—it’s not just financial. It’s in our moral attitude and what we have become as a people. “Providing loans to university students is an excellent programme, but that is not how we are going to fight corruption,” Akande noted. While acknowledging the president’s confidence during the media chat, Akande pointed out a critical shortfall: the inability to instill trust in the people. He called on Tinubu to engage Nigerians more and demonstrate a genuine connection with their struggles. “He must speak not only as a confident politician but as a Nigerian who had been out there in the trenches with the people. He hasn’t been able to do that so far,” Akande submitted. Asked what Nigerians can look forward to next year, he responded: “Nigerians should go into the New Year with a new mindset. Namely, we should stop expecting ‘salvation from the political process’. Our salvation is not going to come from the political process. We will have to compel the situation that we want on the political process.” He called for greater public involvement in the civic process, stressing that real change can only come from sustained public discourse by the people, beyond what he described as “arm-chair” analysis. While urging Nigerians to be more assertive, he said: “We are not making requests from those who are in government. But we are asserting the fact that the existence of government is at our behest. The government exists because we produce it. “Many people don’t get involved in the civic process. People have to move into that realm. Otherwise, we will remain in an armchair analysis situation, talking about issues in our little corners. We need to move the conversations to the public space.” Akande emphasized the importance of media as a critical tool for change, likening it to a “village meeting place” where collective aspirations can be aired and refined. He challenged Nigerians to raise their expectations and advocate for better governance. “Whenever somebody in government does something little, there is a lot of cheer,” he said. “If you look at Nigerians very well, they are not asking for too much. We need to begin to change the conversation in public spaces to say that ‘This is the kind of Nigeria that we must have. And we will not accept anything less.’” Addressing concerns about criticisms of government leadership being equated with “demarketing” Nigeria, Akande highlighted the need for wisdom and discernment. “There is no use demarketing our country at all. People shouldn’t equate criticism of leaders in government today with criticism of Nigeria. These leaders are just in charge for a limited time, maximum – eight years,” Akande remarked. “What is the use of running your country down? It’s completely useless. But we can begin to find new ways to hold leadership accountable, starting from our narratives.” Akande praised the resilience of the Nigerian people in the face of challenges. “The stories of people like Lookman Ademola who, even though was born in the United Kingdom and he’s actually a citizen of that country, chose to wear the Nigerian flag and say ‘I am a Nigerian’. Stories like that are the things that I find very inspiring. And it encourages me that this country is going to be great,” the former Tribune editor noted. Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You. best president Demarketing Laolu Akande President Bola Ahmed TinubuStock market today: Wall Street drifts to a mixed close in thin trading following a holiday pauseReusable Lawn Waste Collection Bags Available to Pacific Northwest Homes Online at Lowe’s Home Improvement Store Website
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Fans of Call the Midwife are speculating that newcomer Roger Noble, played by Conor O'Donnell, is set to shake things up as his romance with Nurse Nancy Corrigan, played by Megan Cusack, has been confirmed. As the festive season arrived in Poplar, Nancy found herself feeling lonely until she met Roger, a charming and witty pharmaceutical salesman who walked into Dr. Turner's surgery. The chemistry between them was undeniable, and Roger's return the next day only strengthened their connection. Despite his initial awkward attempt at flirting, Roger eventually asked Nancy out on a date. Initially, Nancy declined, but later had a change of heart. However, she was hesitant to reveal to Roger that she is a single mother to her beloved daughter Colette, played by Francesca Fullilove. As a dedicated midwife and mother, Nancy had put romance on the backburner, but that's all about to change. Roger and Nancy shared a magical evening at the funfair, culminating in a romantic kiss, reports the Express . However, their budding relationship hit a snag when Roger twisted his ankle, leaving Nancy in stitches. The next day, Roger arrived at Nonnatus with thank-you flowers, only to be greeted by Colette, who affectionately called out "mummy" to Nancy. Roger was taken aback, as Nancy had failed to mention her child. Witnessing Roger's interaction with Colette sent Nancy into a panic, and she hastily departed for work. Nevertheless, Roger seemed unfazed by the situation and asked Nancy out again, leaving fans wondering what's in store for the couple. Roger didn't waste any time suggesting a date with Nancy and Colette, charming them with a romantic setup of flowers and sweet talk, which led to Nancy's agreement. Viewers quickly picked up on Roger's keenness to cement his relationship with Nancy after just a few encounters, sparking some concerns. Some avid watchers are convinced that Roger has ties to political activism, and as tensions in Northern Ireland escalate with the dawn of the 1970s, he might become a controversial figure. On social media platform X, one viewer expressed their suspicion: "Why do I think Roger will be trouble for Nancy #CallTheMidwife." Another fan speculated about Roger's potential connection to historical events: "Nancy's Beau has something to do with the Troubles I feel given we're in 1969. #callthemidwife." A third viewer added to the distrust: "I do not trust Nancy's new man #CallTheMidwife." Concern over Nancy's wellbeing was evident as another chimed in: "I hope Nancy's new fella isn't love bombing her #CallTheMidwife". Call the Midwife returns Sunday, January 5, on BBC One and iPlayer at 8pm
Wicked director defends the movie's BIGGEST flaw amid fan outrageShortstop Willy Adames and San Francisco Giants finalize $182 million, 7-year contract DALLAS (AP) — Willy Adames and San Francisco finalized a $182 million, seven-year contract on Tuesday, providing the Giants with a power-hitting shortstop in the prime of his career. Canadian Press Dec 10, 2024 3:01 PM Dec 10, 2024 3:20 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILE - Milwaukee Brewers' Willy Adames laughs with teammates in the dugout during the ninth inning of a baseball game against the New York Mets, Sunday, Sept. 29, 2024, in Milwaukee. (AP Photo/Aaron Gash, File) DALLAS (AP) — Willy Adames and San Francisco finalized a $182 million, seven-year contract on Tuesday, providing the Giants with a power-hitting shortstop in the prime of his career. It’s a big splash by the Giants’ new-look front office, which is now led by former All-Star catcher Buster Posey , who took over in September after Farhan Zaidi was fired. San Francisco has missed the playoffs in each of the last three years, going 80-82 this season. Adames’ deal is the richest in franchise history, topping a $167 million, nine-year contract that Posey agreed to in 2013. The 29-year-old Adames is coming off his best offensive season in the big leagues after hitting .251 with a career-high 32 homers and 112 RBIs with the Milwaukee Brewers. He’s a solid defensive shortstop with a strong arm and good range, though his metrics slipped a little in 2024. He also has provided consistent power with 150 homers over seven seasons, breaking into the big leagues in 2018 with Tampa Bay and hit 20 homers in his first full season in 2019. He was traded to the Brewers in 2021 and had one of his best seasons in 2022, slugging 31 homers with 98 RBIs and had a 4.3 WAR. Adames was signed by Detroit n 2012 as a 16-year-old in the Dominican Republic. ___ AP MLB: https://apnews.com/mlb The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up More Baseball Washington Nationals win lottery for No. 1 pick in next amateur baseball draft, Angels No. 2 Dec 10, 2024 3:39 PM Left-hander Max Fried agrees to $218 million, 8-year contract with Yankees, AP source says Dec 10, 2024 3:25 PM Analysis: After Juan Soto's megadeal, could MLB see a $1 billion contract? Probably not soon Dec 10, 2024 2:35 PM
CUPERTINO, Calif. , Nov. 27, 2024 /PRNewswire/ - (TSXV: BWLK) (OTCQB: BWLKF) – Boardwalktech Software Corp. ("Boardwalktech" or the "Company"), a leading digital ledger platform and enterprise software solutions company, is pleased to report its financial results for the three-month period ended September 30, 2024 ("Q2-FY25"). All figures are reported in U.S. dollars, unless otherwise indicated. Boardwalktech's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS"). Please refer to the Unaudited Condensed Consolidated Financial Statements and Management's Discussion and Analysis (" MD&A ") for the three and six month period ended September 30, 2024 , filed on SEDAR+ at www.sedarplus.ca for more information. Financial Highlights: "We continue to execute on our updated strategy and positioning established at the beginning of this year," said Andrew T. Duncan , Chief Executive Officer of Boardwalktech. "In the banking sector, the Velocity product continues to grow within our largest customer, a top 5 US bank. We now have over 70 trained and dedicated people from three different partners working on this deployment, which is now in use by over 1,000 professionals within the bank. Velocity is producing the expected ROI and compliance required and this customer is now accelerating the deployment which will be a multi-year engagement. We continue to sign contracts with new partners as we expand our channel sales strategy. We are in multiple later stage deals with several partners and are enthusiastic about the pipeline of opportunities through the partner channel. We continue to see growth and expansion from existing customers and will see both new direct sales and channel sales contracts based on interest in the Boardwalk's software solutions. The foundation has now been set for growth in 2025, including an anticipated increase in revenue and an overall improvement in the business." Earnings Conference Call Details Boardwalktech management will be hosting its earnings conference call today (Novembert 27, 2024) Time: at 4:30 PM Eastern Time / 1:30 PM Pacific Time . To join the call, please use the following dial-in information: US/ Canada : 1-888-510-2154 (toll free) or 437-900-0527 (Local – Toronto ) Audience URL: https://app.webinar.net/A2zRLJKnBDe (copy & paste to your browser) Replay : A replay of the call will be available until December 4, 2024 and can be accessed by dialing 1-888-660-6345 and entering access code 57639# About Boardwalktech Software Corp. Boardwalktech has developed a patented Digital Ledger Technology Platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital ledger technology-based platforms. Boardwalktech is headquartered in Cupertino, California with offices in India and operations in North America . For more information on Boardwalktech, visit our website at www.boardwalktech.com . Forward-Looking Information and Statements This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such information and statements. An investment in securities of the Company is speculative and subject to several risks including, without limitation, the risks discussed under the heading "Risk Factors" in the Company's filing statement dated May 30, 2018 . Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. View original content to download multimedia: https://www.prnewswire.com/news-releases/boardwalktech-reports-second-quarter-fiscal-2025-financial-results-302317774.html SOURCE Boardwalktech Software Corp.
ARLINGTON, Va., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) ("Fluence” or the "Company”), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced its results for the three months and full fiscal year ended September 30, 2024. Fiscal Year 2024 Financial Highlights The Company is initiating fiscal year 2025 guidance as follows: "Our record financial results for 2024 are a testament to our team's dedication, operational efficiency, and commitment to delivering value to our stakeholders as we achieved our highest ever revenue and profitability, marking a significant milestone in the Company's growth trajectory. Furthermore, we had our second consecutive quarter of signing more than $1 billion of new orders, which brought our backlog to $4.5 billion, underscoring the market's strong confidence in our energy storage solutions," said Julian Nebreda, the Company's President and Chief Executive Officer. "As we look forward, we see unprecedented demand for battery energy storage solutions across the world, driven principally by the U.S. market. We believe we are well positioned to continue capturing this market with our best-in-class domestic content offering which utilizes U.S. manufactured battery cells." "We are pleased with our strong fiscal year-end performance, achieving record revenue growth, robust margin expansion and free cash flow. We also generated positive net income for the first time," said Ahmed Pasha, Chief Financial Officer. "With backlog and development pipeline at record levels, we enter fiscal 2025 poised for sustained profitable growth." Share Count The shares of the Company's common stock as of September 30, 2024 are presented below: The Company will conduct a teleconference starting at 8:30 a.m. EST on Tuesday, November 26, 2024, to discuss the fourth quarter and full fiscal year 2024 financial results. To participate, analysts are required to register by clicking Fluence Energy Inc. Q4 Earnings Call Registration Link . Once registered, analysts will be issued a unique PIN number and dial-in number. Analysts are encouraged to register at least 15 minutes before the scheduled start time. General audience participants, and non-analysts are encouraged to join the teleconference in a listen-only mode at: Fluence Energy Inc. Q4 Listen Only - Webcast , or on http://fluenceenergy.com by selecting Investors, News & Events, and Events & Presentations. Supplemental materials that may be referenced during the teleconference will be available at: http://fluenceenergy.com, by selecting Investors, News & Events, and Events & Presentations. A replay of the conference call will be available after 1:00 p.m. EST on Tuesday, November 26, 2024. The replay will be available on the Company's website at http://fluenceenergy.com by selecting Investors, News & Events, and Events & Presentations. Non-GAAP Financial Measures We present our operating results in accordance with accounting principles generally accepted in the U.S. ("GAAP”). We believe certain financial measures, such as Adjusted EBITDA, Adjusted Gross Profit, Adjusted Gross Profit Margin, and Free Cash Flow, which are non-GAAP measures, provide users of our financial statements with supplemental information that may be useful in evaluating our operating performance. We believe that such non-GAAP measures, when read in conjunction with our operating results presented under GAAP, can be used to better assess our performance from period to period and relative to performance of other companies in our industry, without regard to financing methods, historical cost basis or capital structure. Such non-GAAP measures should be considered as a supplement to, and not as a substitute for, financial measures prepared in accordance with GAAP. These measures have limitations as analytical tools, including that other companies, including companies in our industry, may calculate these measures differently, reducing their usefulness as comparative measures. Adjusted EBITDA is calculated from the consolidated statements of operations using net income (loss) adjusted for (i) interest income, net, (ii) income taxes, (iii) depreciation and amortization, (iv) stock-based compensation, and (v) other non-recurring income or expenses. Adjusted EBITDA also includes amounts impacting net income related to estimated payments due to related parties pursuant to the Tax Receivable Agreement, dated October 27, 2021, by and among Fluence Energy, Inc., Fluence Energy, LLC, Siemens Industry, Inc. and AES Grid Stability, LLC (the "Tax Receivable Agreement”). Adjusted Gross Profit is calculated using gross profit, adjusted to exclude (i) stock-based compensation expenses, (ii) amortization, and (iii) other non-recurring income or expenses. Adjusted Gross Profit Margin is calculated using Adjusted Gross Profit divided by total revenue. Free Cash Flow is calculated from the consolidated statements of cash flows and is defined as net cash provided by (used in) operating activities, less purchase of property and equipment made in the period. We expect our Free Cash Flow to fluctuate in future periods as we invest in our business to support our plans for growth. Limitations on the use of Free Cash Flow include (i) it should not be inferred that the entire Free Cash Flow amount is available for discretionary expenditures (for example, cash is still required to satisfy other working capital needs, including short-term investment policy, restricted cash, and intangible assets); (ii) Free Cash Flow has limitations as an analytical tool, and it should not be considered in isolation or as a substitute for analysis of other GAAP financial measures, such as net cash provided by operating activities; and (iii) this metric does not reflect our future contractual commitments. Please refer to the reconciliations of the non-GAAP financial measures to their most directly comparable GAAP financial measures included in this press release and the accompanying tables contained at the end of this release. The Company is not able to provide a quantitative reconciliation of full fiscal year 2025 Adjusted EBITDA to GAAP Net Income (Loss) on a forward-looking basis within this press release because of the uncertainty around certain items that may impact Adjusted EBITDA, including stock compensation and restructuring expenses, that are not within our control or cannot be reasonably predicted without unreasonable effort. About Fluence Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company's solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future. For more information, visit our website, or follow us on LinkedIn or X. To stay up to date on the latest industry insights, sign up for Fluence's Full Potential Blog. Cautionary Note Regarding Forward-Looking Statements The statements contained in this press release and statements that are made on our earnings call that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements set forth above under "Fiscal Year 2025 Outlook,” and other statements regarding the Company's future financial and operational performance, future market and industry growth and related opportunities for the Company, anticipated Company growth and business strategy, including future incremental working capital and capital opportunities, liquidity and access to capital and cash flows, demand for electricity and impact to energy storage, demand for the Company's energy storage solutions, services, and digital applications offerings, our positioning to capture market share with domestic content offering and future offerings, expected impact and benefits from the Inflation Reduction Act of 2022 and U.S. Treasury domestic content guidelines on us and on our customers, anticipated timeline of U.S. battery module production and timing of our domestic content offering, expectations relating to our contracting manufacturing capacity, potential impact to tariffs, related policies, and regulations from the change in political administration, new products and solutions and product innovation, relationships with new and existing customers and suppliers, expectations relating to backlog, pipeline, and contracted backlog, future revenue recognition, future results of operations, future capital expenditures and debt service obligations, and projected costs, beliefs, assumptions, prospects, plans and objectives of management. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as "may,” "possible,” "will,” "should,” "expects,” "plans,” "anticipates,” "could,” "intends,” "targets,” "projects,” "contemplates,” "commits", "believes,” "estimates,” "predicts,” "potential” or "continue” or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, our relatively limited operating and revenue history as an independent entity and the nascent clean energy industry; anticipated increasing expenses in the future and our ability to maintain prolonged profitability; fluctuations of our order intake and results of operations across fiscal periods; potential difficulties in maintaining manufacturing capacity and establishing expected mass manufacturing capacity in the future; risks relating to delays, disruptions, and quality control problems in our manufacturing operations; risks relating to quality and quantity of components provided by suppliers; risks relating to our status as a relatively low-volume purchaser as well as from supplier concentration and limited supplier capacity; risks relating to operating as a global company with a global supply chain; changes in the global trade environment; changes in the cost and availability of raw materials and underlying components; failure by manufacturers, vendors, and suppliers to use ethical business practices and comply with applicable laws and regulations; significant reduction in pricing or order volume or loss of one or more of our significant customers or their inability to perform under their contracts; risks relating to competition for our offerings and our ability to attract new customers and retain existing customers; ability to maintain and enhance our reputation and brand recognition; ability to effectively manage our recent and future growth and expansion of our business and operations; our growth depends in part on the success of our relationships with third parties; ability to attract and retain highly qualified personnel; risks associated with engineering and construction, utility interconnection, commissioning and installation of our energy storage solutions and products, cost overruns, and delays; risks relating to lengthy sales and installation cycle for our energy storage solutions; risks related to defects, errors, vulnerabilities and/or bugs in our products and technology; risks relating to estimation uncertainty related to our product warranties; fluctuations in currency exchange rates; risks related to our current and planned foreign operations; amounts included in our pipeline and contracted backlog may not result in actual revenue or translate into profits; risks related to acquisitions we have made or that we may pursue; events and incidents relating to storage, delivery, installation, operation, maintenance and shutdowns of our products; risks relating to our impacts to our customer relationships due to events and incidents during the project lifecycle of an energy storage solution; actual or threatened health epidemics, pandemics or similar public health threats; ability to obtain financial assurances for our projects; risks relating to whether renewable energy technologies are suitable for widespread adoption or if sufficient demand for our offerings do not develop or takes longer to develop than we anticipate; estimates on size of our total addressable market; risks relating to the cost of electricity available from alternative sources; macroeconomic uncertainty and market conditions; risk relating to interest rates or a reduction in the availability of tax equity or project debt capital in the global financial markets and corresponding effects on customers' ability to finance energy storage systems and demand for our energy storage solutions; decline in public acceptance of renewable energy, or delay, prevent, or increase in the cost of customer projects; severe weather events; increased attention to ESG matters; restrictions set forth in our current credit agreement and future debt agreements; uncertain ability to raise additional capital to execute on business opportunities; ability to obtain, maintain and enforce proper protection for our intellectual property, including our technology; threat of lawsuits by third parties alleging intellectual property violations; adequate protection for our trademarks and trade names; ability to enforce our intellectual property rights; risks relating to our patent portfolio; ability to effectively protect data integrity of our technology infrastructure and other business systems; use of open-source software; failure to comply with third party license or technology agreements; inability to license rights to use technologies on reasonable terms; risks relating to compromises, interruptions, or shutdowns of our systems; barriers arising from current electric utility industry policies and regulations and any subsequent changes; reduction, elimination, or expiration of government incentives or regulations regarding renewable energy; potential changes in tax laws or regulations; risks relating to environmental, health, and safety laws and potential obligations, liabilities and costs thereunder; failure to comply with data privacy and data security laws, regulations and industry standards; risks relating to potential future legal proceedings, regulatory disputes, and governmental inquiries; risks related to ownership of our Class A common stock; risks related to us being a "controlled company” within the meaning of the NASDAQ rules; risks relating to the terms of our amended and restated certificate of incorporation and amended and restated bylaws; risks relating to our relationship with our Founders and Continuing Equity Owners; risks relating to conflicts of interest by our officers and directors due to positions with Continuing Equity Owners; risks related to short-seller activists; we depend on distributions from Fluence Energy, LLC to pay our taxes and expenses and Fluence Energy, LLC's ability to make such distributions may be limited or restricted in certain scenarios; risks arising out of the Tax Receivable Agreement; unanticipated changes in effective tax rates or adverse outcomes resulting from examination of tax returns; risks relating to improper and ineffective internal control over reporting to comply with Sarbanes-Oxley Act; risks relating to changes in accounting principles or their applicability to us; risks relating to estimates or judgments relating to our critical accounting policies; and other factors set forth under Item 1A."Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024, to be filed with the Securities and Exchange Commission ("SEC”), and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law. 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