
Advanced Energy: Q4 Earnings Snapshot
DENVER — DENVER — Advanced Energy Industries Inc. (AEIS) on Wednesday reported fourth-quarter net income of $48.9 million.
On a per-share basis, the Denver-based company said it had net income of $1.29. Earnings, adjusted for one-time gains and costs, came to $1.30 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.

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Associated Press
2 hours ago
- Associated Press
SkyCrest Capital Announces Completion of SAX-iCore Upgrade for AI Trading System SkyAlpha X, Secures $150 Million in Institutional Orders
Denver, UT, June 08, 2025 (GLOBE NEWSWIRE) -- SkyCrest Capital officially announced today that its core AI trading system, SkyAlpha X, has successfully completed a comprehensive upgrade to its third-generation architecture, launching the institutional-grade version SAX-iCore (SkyAlpha X Institutional Core). This upgrade marks SkyAlpha X's entry into a new era that balances high-frequency trading, cross-market arbitrage, and structured asset management, quickly drawing significant attention from international markets. According to SkyCrest Capital's technical and business teams, SAX-iCore has so far secured procurement intentions and signed orders from global hedge funds, quantitative institutions, and crypto-financial platforms, totaling $150 million. These include: • A cross-asset hedge fund based in New York managing over $4.5 billion in assets, which has formally signed an integration agreement to deploy SAX-iCore for strategy automation in the U.S. equities and ETF options markets. • A digital asset market maker in Singapore, which has embedded SAX-iCore as the core execution module in its DEX liquidity engine, mainly for perpetual contract arbitrage and volatility trading. • An asset management firm in London that has signed a cooperation agreement for the AI-driven options volatility detection module, planning to integrate SAX-iCore into its global macro hedge strategies. Key highlights of the upgrade include: • Structured Volatility Engine (SVE): Detects breakout windows hidden within intraday price behavior, adaptable to index futures, tech stocks, and cryptocurrencies. • Cross-Market Signal Coordination System: Enables strategic integration across U.S. equities, crypto, and options markets for trend capture, volatility arbitrage, and macro alerts. • Smart Capital Flow Radar (SCF-Radar): Tracks institutional build-up and withdrawal paths to construct real-time capital behavior maps, enhancing trend confirmation efficiency. • Options Anomaly Volatility Alert Module: Combines implied volatility shifts with Gamma risk identification to significantly improve strategic responsiveness and defense ahead of market events. Dr. Ross, Founder and Chief Science Officer of SkyCrest Capital, stated: 'SAX-iCore is not a mere upgrade of a traditional trading system, but a deep response to the increasingly interconnected multi-market environment. We've made breakthroughs not only at the algorithmic level but also ensured the system evolves in sync with real-world trading structures-this enables us to provide institutional investors with faster, more penetrative strategic decision engines amid globally intensifying asset volatility.' Since its initial launch in 2021, SkyAlpha X has delivered structured trading insights for stocks, futures, options, and crypto assets to SkyCrest's strategy teams and institutional partners. As the flagship module of the platform's 3.0 phase, SAX-iCore will serve as the core infrastructure for high-frequency trading, global asset allocation, and AI-driven execution system integration. SkyCrest Capital is currently offering early access to SAX-iCore for select strategic partners and is opening a whitelist application process for high-net-worth clients to access strategic modules. Retail-focused modules and tiered signal services for high-frequency trading are planned for phased rollout. For further information, please contact: Media Contact SkyCrest Capital PR Department Website: Contact: Audrey Sinclair Email: [email protected] Audrey Sinclair SkyCrest Capital service at


Time Business News
2 hours ago
- Time Business News
The Financial Backbone of Startups: Why Austin Entrepreneurs Need Professional CPA and CFO Support
Austin, Texas, continues to attract some of the most innovative minds and fastest-growing startups in the country. From tech ventures to local service-based businesses, the entrepreneurial spirit is thriving. Yet for all the excitement and energy, one challenge keeps tripping up promising ventures: financial mismanagement. Many entrepreneurs focus on product development, customer acquisition, and branding—leaving accounting, forecasting, and compliance as afterthoughts. But in a city where competition is fierce and investors are selective, overlooking your financial health can cost you growth—or even your business. The startup journey often comes with: Inconsistent revenue Unclear cash flow Poorly tracked expenses Tax surprises Missed funding opportunities Founders are typically visionaries, not financial experts. As a result, many operate their businesses using spreadsheets, gut instincts, or outdated accounting software. These approaches might work in the first few months—but not when you're scaling, hiring, or seeking capital. Before you bring in CFO-level leadership or consult with CPA firms, your first step should be hiring a small business accountant in Austin. Bookkeeping : Maintain organized and accurate records of all transactions. : Maintain organized and accurate records of all transactions. Payroll : Process employee payments and ensure tax withholdings are accurate. : Process employee payments and ensure tax withholdings are accurate. Monthly Statements : Help you understand profits, losses, and where your money goes. : Help you understand profits, losses, and where your money goes. Quarterly Taxes: Keep your business compliant and avoid IRS penalties. Because they're local, an Austin-based accountant understands Texas tax rules, franchise tax obligations, and local filing deadlines better than a remote service. Bonus: Many small business accountants now use cloud-based software, giving you 24/7 visibility into your finances and eliminating guesswork. Once you're generating consistent revenue or considering scaling, a small business accountant might not be enough. This is where CFO service in Austin TX comes in. A Chief Financial Officer (CFO) isn't just a number cruncher. They're a financial strategist who provides leadership on: Cash flow forecasting Financial modeling and budgeting Investor readiness Loan or funding management Expense optimization KPI tracking and performance evaluation By hiring outsourced CFO services in Austin, startups get executive-level financial support without paying full-time executive salaries. It's a powerful way to gain expert insight while staying lean. Here are some real-world examples of how CFO support makes a difference: A CFO helps you assess whether you can truly afford to expand your team or open a new office—or if waiting 6 months would save you from cash flow trouble. Without knowing your margins, it's easy to undercharge. A CFO will analyze your costs and recommend a sustainable pricing structure. If your books are messy, or your pitch deck lacks solid financials, investors will walk away. A CFO ensures you're always 'investor-ready.' By working closely with your accountant and eventually a CPA firm, a CFO keeps you organized year-round so you're not scrambling when April rolls around. Austin isn't just any city—it's a tech hub, creative powerhouse, and magnet for venture capital. When you partner with local financial professionals, you gain access to: Regional insights on Texas tax law and local compliance. on Texas tax law and local compliance. Networks that include bankers, investors, and startup mentors. that include bankers, investors, and startup mentors. Personalized service from people who understand your business context. Unlike generic national services, local financial professionals understand the Austin startup scene and can offer advice grounded in real-world experience. As your startup matures, your needs will expand beyond bookkeeping and strategy. You'll require compliance, audit prep, advanced tax strategy, and possibly even exit planning. That's where CPA firms in Austin play a critical role. Tax filing and planning (local, state, federal) (local, state, federal) Audit preparation and representation Business incorporation advice Entity restructuring for tax savings Compliance with industry-specific regulations Valuation support for mergers or acquisitions CPA firms don't just look backward at your finances—they help you plan for future moves and long-term goals. Stage of Business Financial Support Needed Pre-launch/Prototype Small business accountant Post-revenue (>$100K) Add CFO service Austin TX Scaling (>$500K+) Add CPA firms in Austin Hiring early doesn't mean overextending—it means preparing for growth from day one. Today's financial experts—especially in tech-forward Austin—rely on digital tools to streamline operations. From cloud-based bookkeeping to real-time dashboards, the best financial partners will integrate with your systems like: QuickBooks Online Xero Gusto (for payroll) Expensify Fathom or Spotlight for reporting By leveraging these platforms, you get real-time financial visibility that informs better business decisions. Whether you're considering a small business accountant, CFO service, or CPA firm, ask: What industries do you specialize in? Do you understand the startup and venture-backed landscape? How do you communicate and deliver reports? What's your fee structure? Do you offer scalable services as we grow? Can you collaborate with our other partners (legal, banking, etc.)? Your financial team should feel like an extension of your startup—not just a service provider. Building a startup is hard enough. Don't let poor financial decisions be the reason you fail. By working with a reliable small business accountant in Austin, engaging strategic CFO service in Austin TX, and eventually partnering with experienced CPA firms in Austin, you're putting the right financial backbone in place to support your growth, funding goals, and long-term success. Whether you're preparing for your next funding round, trying to control runaway costs, or aiming for a clean exit—having trusted financial leadership will guide every decision with clarity and confidence. TIME BUSINESS NEWS


San Francisco Chronicle
5 hours ago
- San Francisco Chronicle
Nordstrom is coming back to San Francisco — but not how you remember it
The move comes nearly two years after the retailer's dramatic departure from downtown San Francisco, where it closed both its flagship store at Westfield Mall and a nearby Nordstrom Rack in 2023. Unlike its full-scale department stores, the upcoming 1,648-square-foot Nordstrom Local, set to open at 1919 Fillmore St., will not carry traditional retail inventory. Instead, it will function as a neighborhood hub offering online order pickups, returns, tailoring and personal styling appointments. The space will feature eight dressing rooms, a styling suite, and customer amenities including same-day delivery — and even a glass of wine or beer during visits. 'We're welcoming Nordstrom back,' said Planning Commission President Lydia So during the hearing. 'And we're welcoming whoever else wants to come back — or those who never considered coming here because things are hard.' After months of debate and outreach, the commission approved the proposal in a 5–2 vote. Still, the decision was not without controversy. Several residents and small business owners voiced concern that the store would worsen traffic congestion and fail to align with the neighborhood's character. 'This will increase traffic and hurt small businesses,' wrote Sharon Esker, who has lived in the neighborhood since 1969. 'It is not a retail store and I would like a better alternative to this space.' Neighbor Ditka Reiner criticized the landlord's decision to lease to a national retailer, noting that 'chain stores typically contribute to rising rents that push out small, local, independent businesses that are the backbone of a city.' The storefront, previously home to Minted, has been vacant since the early days of the pandemic and has become a symbol of the city's broader commercial vacancy crisis. But support for the project also came from a number of Fillmore Street merchants. 'Nordstrom has long been a responsible and engaged member of San Francisco's business landscape,' wrote Molly Leonetti, president of local boutique Clare V. 'Their presence will not only bring new energy to Fillmore Street but also support the success of neighboring businesses, including ours.' Andrew Graham, vice president of sales at San Francisco-based Marine Layer, agreed. 'Their convenient services, from order pickups to alterations, will attract customers who are likely to explore and shop at nearby stores, further strengthening the local economy,' he wrote. The debate around Nordstrom's return underscores ongoing tensions in San Francisco's recovery, between attracting commercial tenants to fill empty storefronts and preserving the unique character of neighborhood retail corridors.