We Connect The Dots Appoints Jill Chiucchi, CPA, to Board to Strengthen Nonprofit Financial Strategy and Oversight
Chiucchi's expertise in nonprofit financial governance will help ensure We Connect The Dots' expansion.
'We are excited to welcome Jill to our board at such a pivotal moment in our growth.'— Laurie Carey, Executive Director
NY, UNITED STATES, May 15, 2025 / EINPresswire.com / -- We Connect The Dots, a nonprofit organization committed to closing the skills gap through equitable access to STEAM education and workforce development, proudly announces the appointment of Jill Chiucchi, CPA, to its Board of Directors. With over 14 years of public accounting experience focused on nonprofit and public sector financial oversight, Jill brings exceptional depth in audit leadership, compliance, and strategic financial planning.
Jill currently serves as an Audit Senior Manager with a focus on not-for-profit and higher education institutions. Her career has been defined by her ability to lead complex financial audits, navigate regulatory compliance requirements, and guide organizations receiving federal funding. She has performed and overseen audits in accordance with U.S. GAAP and Uniform Guidance, while advising leadership on strengthening internal controls and driving operational improvements.
'We are excited to welcome Jill to our Board at such a pivotal moment in our growth,' said Laurie Carey, Executive Director. 'Her expertise in nonprofit financial governance will help ensure our expansion is met with accountability, transparency, and long-term sustainability. Her insight will be a critical asset as we deepen our impact in the communities we serve.'
Jill's work has spanned the auditing of major government entities, educational institutions, and mission-driven organizations. She has managed high-performing teams and partnered with leadership to promote fiscal integrity, mission alignment, and strategic use of resources—values that mirror the core of We Connect The Dots' mission.
A Certified Public Accountant licensed in the state of New Jersey, Jill holds memberships in national and state professional associations. She earned her Bachelor of Science in Accounting from Lehigh University.
About We Connect The Dots:
We Connect The Dots is committed to transforming lives by empowering individuals. With a focus on young adults aged 13-18 and underemployed adults over 18, our programs ignite passion and impart practical knowledge in coding, cybersecurity, business automation, and other modern skills—grounded in the pillars of STEAM. Through our strategic partnerships with community leaders, educational institutions, government agencies, and industry pioneers, we aim to bridge the gap between the demands of today's workforce and the opportunities available to those embracing a STEAM-driven path. We are dedicated to making a difference at local, national, and global scales, fostering an insatiable thirst for learning and enabling all participants to achieve their full potential.
Laurie Carey
We Connect The Dots, Inc.
+1 631-468-7475
email us here
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Planet's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks related to the macroeconomic environment and risks regarding Planet's ability to forecast Planet's performance due to Planet's limited operating history. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Planet's filings with the Securities and Exchange Commission ("SEC"), including Planet's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and any subsequent filings with the SEC that Planet may make. All forward-looking statements reflect Planet's beliefs and assumptions only as of the date of this press release. Planet undertakes no obligation to update forward-looking statements to reflect future events or circumstances, except as may be required by law. Planet's results for the quarter ended April 30, 2025, are not necessarily indicative of its operating results for any future periods. 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General and administrative 19,986 19,180 Total operating expenses 59,374 66,254 Loss from operations (22,771 ) (34,571 ) Interest income 1,884 3,107 Change in fair value of warrant liabilities 10,387 1,530 Other income (expense), net (1,200 ) 1,083 Total other income, net 11,071 5,720 Loss before provision for income taxes (11,700 ) (28,851 ) Provision for income taxes 928 442 Net loss (12,628 ) (29,293 ) Basic and diluted net loss per share attributable to common stockholders $ (0.04 ) $ (0.10 ) Basic and diluted weighted-average common shares outstanding used in computing net loss per share attributable to common stockholders 300,267,952 288,268,718 PLANET CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (unaudited) Three Months Ended April 30, (in thousands) 2025 2024 Net loss $ (12,628 ) $ (29,293 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustment 4,775 (534 ) Change in fair value of available-for-sale securities 16 (512 ) Other comprehensive income (loss), net of tax 4,791 (1,046 ) Comprehensive loss $ (7,837 ) $ (30,339 ) PLANET CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) Three Months Ended April 30, (In thousands) 2025 2024 Operating activities Net loss $ (12,628 ) $ (29,293 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities Depreciation and amortization 11,082 13,103 Stock-based compensation, net of capitalized cost 12,542 13,072 Change in fair value of warrant liabilities (10,387 ) (1,530 ) Change in fair value of contingent consideration (41 ) (101 ) Other 1,229 (547 ) Changes in operating assets and liabilities Accounts receivable (21,185 ) 5,482 Prepaid expenses and other assets 1,254 (731 ) Accounts payable, accrued and other liabilities (8,915 ) (5,237 ) Deferred revenue 42,072 (721 ) Deferred hosting costs 2,323 2,206 Net cash provided by (used in) operating activities 17,346 (4,297 ) Investing activities Purchases of property and equipment (8,119 ) (9,938 ) Capitalized internal-use software (1,225 ) (1,418 ) Maturities of available-for-sale securities 11,123 32,158 Sales of available-for-sale securities 582 43,116 Purchases of available-for-sale securities — (28,043 ) Business acquisition, net of cash acquired — (1,068 ) Purchases of licensed imagery intangible assets (621 ) (4,024 ) Other — (300 ) Net cash provided by investing activities 1,740 30,483 Financing activities Proceeds from the exercise of common stock options 2,962 20 Payments for withholding taxes related to the net share settlement of equity awards (5,264 ) (2,015 ) Proceeds from employee stock purchase program 346 — Payments of contingent consideration for business acquisitions (4,820 ) — Other (2,383 ) (380 ) Net cash used in financing activities (9,159 ) (2,375 ) Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents 5,683 (276 ) Net increase in cash and cash equivalents, and restricted cash and cash equivalents 15,610 23,535 Cash and cash equivalents, and restricted cash and cash equivalents at the beginning of the period 129,994 102,198 Cash and cash equivalents, and restricted cash and cash equivalents at the end of the period $ 145,604 $ 125,733 PLANET RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA (unaudited) Three Months Ended April 30, (in thousands) 2025 2024 Net loss $ (12,628 ) $ (29,293 ) Interest income (1,884 ) (3,107 ) Income tax provision 928 442 Depreciation and amortization 11,082 13,103 Change in fair value of warrant liabilities (10,387 ) (1,530 ) Stock-based compensation 12,542 13,072 Restructuring costs 20 — Certain litigation expenses (1) 326 — Other (income) expense, net 1,200 (1,083 ) Adjusted EBITDA $ 1,199 $ (8,396 ) (1) Expenses relating to the Delaware class action lawsuit. PLANET RECONCILIATION OF U.S. GAAP TO NON-GAAP FINANCIAL MEASURES (unaudited) Three Months Ended April 30, (in thousands) 2025 2024 Reconciliation of cost of revenue: GAAP cost of revenue $ 29,662 $ 28,757 Less: Stock-based compensation 1,541 876 Less: Amortization of acquired intangible assets 691 789 Less: Restructuring costs 15 — Non-GAAP cost of revenue $ 27,415 $ 27,092 Reconciliation of gross profit: GAAP gross profit $ 36,603 $ 31,683 Add: Stock-based compensation 1,541 876 Add: Amortization of acquired intangible assets 691 789 Add: Restructuring costs 15 — Non-GAAP gross profit $ 38,850 $ 33,348 GAAP gross margin 55 % 52 % Non-GAAP gross margin 59 % 55 % Reconciliation of operating expenses: GAAP research and development $ 23,074 $ 25,589 Less: Stock-based compensation 4,037 5,163 Non-GAAP research and development $ 19,037 $ 20,426 GAAP sales and marketing $ 16,314 $ 21,485 Less: Stock-based compensation 1,929 2,403 Less: Amortization of acquired intangible assets 92 217 Less: Restructuring costs 6 — Non-GAAP sales and marketing $ 14,287 $ 18,865 GAAP general and administrative $ 19,986 $ 19,180 Less: Stock-based compensation 5,035 4,630 Less: Amortization of acquired intangible assets 29 79 Less: Restructuring costs (1 ) — Less: Certain litigation expenses 326 — Non-GAAP general and administrative $ 14,597 $ 14,471 Reconciliation of loss from operations GAAP loss from operations $ (22,771 ) $ (34,571 ) Add: Stock-based compensation 12,542 13,072 Add: Amortization of acquired intangible assets 812 1,085 Add: Restructuring costs 20 — Add: Certain litigation expenses 326 — Non-GAAP loss from operations $ (9,071 ) $ (20,414 ) PLANET RECONCILIATION OF U.S. GAAP TO NON-GAAP FINANCIAL MEASURES (unaudited) Three Months Ended April 30, (In thousands, except share and per share amounts) 2025 2024 Reconciliation of net loss GAAP net loss $ (12,628 ) $ (29,293 ) Add: Stock-based compensation 12,542 13,072 Add: Amortization of acquired intangible assets 812 1,085 Add: Restructuring costs 20 — Add: Certain litigation expenses 326 — Income tax effect of non-GAAP adjustments — — Non-GAAP net income (loss) $ 1,072 $ (15,136 ) Reconciliation of net loss per share, diluted GAAP net loss $ (12,628 ) $ (29,293 ) Non-GAAP net income (loss) $ 1,072 $ (15,136 ) GAAP net loss per share, basic and diluted (1) $ (0.04 ) $ (0.10 ) Add: Stock-based compensation 0.04 0.05 Add: Amortization of acquired intangible assets — — Add: Restructuring costs — — Add: Certain litigation expenses — — Income tax effect of non-GAAP adjustments — — Non-GAAP net income (loss) per share, diluted (2) (3) $ — $ (0.05 ) Weighted-average shares used in computing GAAP net loss per share, basic and diluted (1) 300,267,952 288,268,718 Weighted-average shares used in computing Non-GAAP net income (loss) per share, diluted (2) 314,969,299 288,268,718 (1) Basic and diluted GAAP net loss per share was the same for each period presented as the inclusion of all potential Class A common stock and Class B common stock outstanding would have been anti-dilutive. (2) Non-GAAP net income (loss) per share, diluted is calculated using weighted-average shares, adjusted for dilutive potential shares assumed outstanding during the period. No adjustment was made to weighted-average shares for the three months ended April 30, 2024 as the inclusion of all potential Class A common stock and Class B common stock outstanding would have been anti-dilutive. (3) Totals may not sum due to rounding. Figures are calculated based upon the respective underlying non-rounded data. Note: In connection with the preparation of this earnings release, we identified immaterial errors in the Non-GAAP net loss per share previously reported on December 9, 2024 and March 20, 2025. The errors related to the application of income tax effects on non-GAAP adjustments. The corrected Non-GAAP net loss per share amounts and periods impacted are as follows: – Three months ended October 31, 2024: ($0.03) (previously reported as ($0.02)) – Three months ended January 31, 2025: ($0.07) (previously reported as ($0.08)) – Fiscal year ended January 31, 2025: ($0.21) (previously reported as ($0.20)) While the corrected amounts are not presented in the tables herein, we are disclosing the corrections for transparency. The corrections had no impact on our previously reported GAAP financial results, including GAAP net loss or GAAP net loss per share. PLANET RECONCILIATION OF U.S. GAAP TO NON-GAAP FINANCIAL MEASURES (unaudited) The table below reconciles Backlog to remaining performance obligations for the periods indicated: (in thousands) April 30, 2025 January 31, 2025 Remaining performance obligations $ 451,928 $ 412,829 Cancelable amount of contract value 75,119 90,920 Backlog $ 527,047 $ 503,749 For remaining performance obligations and Backlog as of April 30, 2025, the Company expects to recognize approximately 45% over the next 12 months, approximately 76% over the next 24 months, and the remainder thereafter. PLANET RECONCILIATION OF U.S. GAAP TO NON-GAAP FINANCIAL MEASURES (unaudited) The table below reconciles free cash flow to net cash provided by (used in) operating activities for the periods indicated: Three Months Ended April 30, (in thousands) 2025 2024 Net cash provided by (used in) operating activities $ 17,346 $ (4,297 ) Purchases of property and equipment (8,119 ) (9,938 ) Capitalized internal-use software (1,225 ) (1,418 ) Free cash flow $ 8,002 $ (15,653 ) View source version on Contacts Investor Contact Chris Genualdi / Cleo Palmer-PoronerPlanet Labs PBCir@ Press Contact Claire Bentley DalePlanet Labs PBCcomms@
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Industrias Unidas, S.A. de C.V. Consolidated Results of Operations for Q1 2025
MEXICO CITY, June 04, 2025--(BUSINESS WIRE)--Industrias Unidas, S.A. de C.V. ("IUSA" or the "Company") has announced its unaudited results for the three months ended March 31 of 2025. Figures are unaudited and have been prepared in accordance with Mexican Financial Reporting Standards ("MFRS"), which are different in certain respects from Generally Accepted Accounting Principles in the United States ("U.S. GAAP"). The results from any interim period are not necessarily indicative of the results that may be expected for a full fiscal year. Unless stated otherwise, reference herein to "Pesos", "pesos", or "Ps." are to pesos, the legal currency of Mexico and references to "U.S. dollars", "dollars", "U.S. $" or "$" are to United States dollars, the legal currency of the United States of America. Except as otherwise indicated, all peso amounts are presented herein in pesos with purchasing power as of March 31, 2025, and in pesos with their historical value for other dates cited. The dollar translations provided in this document are calculated solely for the convenience of the reader using an exchange rate of Ps. 20.46 per U.S. dollar, the exchange rate published by Banco de Mexico, the country's central bank, on March 31, 2025. Three months ended March 31, 2025, compared to three months ended March 31, 2024. The following table summarizes our results of operations for the three months ending March 31, 2025, and 2024: (Figures in Millions of Pesos) For the year ended March31, 2024 2025 Revenues 6,236.3 8,876.0 Cost of Sales 4,803.3 6,922.3 Gross Profit 1,433.0 1,953.7 Selling and Administrative Expenses 630.8 805.4 Operating Income (Loss) 802.2 1,148.3 Other Expenses - Net 51.2 21.8 Comprehensive Financing Result 63.8 34.9 Taxes and Statutory Employee Profit Sharing 180.9 290.4 Equity in Income (Loss) of Associated Companies (16.0) (2.8) Consolidated Net Income (Loss) 720.3 911.8 D&A 71.5 82.2 EBITDA 1/ 873.7 1,230.5 1/ EBITDA for any period is defined as consolidated net income (loss) excluding i) depreciation and amortization, ii) total net comprehensive financing result (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other Financing costs), iii) other expenses net, iv) income tax and statutory employee profit sharing and v) equity in income (loss) of associated companies. EBITDA should not be considered as an alternate measure of net income or operating income, as determined on a consolidated basis using amounts derived from statements of operations prepared in accordance with MFRS, or as an indicator of operating performance or to cash flows from operating activity as a measure of liquidity. EBITDA is not a recognized term under MFRS or U.S. GAAP and does not purport to be an alternative to net income as a measure of operating performance or to cash flows from operating activity as a measure of liquidity. Our consolidated net income for the three months ended March 31, 2025, was Ps.911.8 million (U.S.$44.6 million), compared to a net income of Ps.720.3 million in the same period of 2024. This represented a 26.6% increase, quarter over quarter (Q/Q). This change is primarily due to an increase in sales and hence Gross Profit. Revenues Our net revenues for the three months of 2025 increased 42.3% to Ps.8,876.0 million (U.S.$433.82 million) from Ps.6,236.3 million in the same period of 2024. This increase was driven in part by higher copper prices, combined with an increase in volume of sales. Our costs and revenues follow copper prices very closely since the market practice is to pass on to the buyer changes in raw material prices. Our sales are primarily for customers engaged in commercial, industrial and residential construction, and their related maintenance and renovation activities. We also sell to customers engaged in electrical power generation, transmission and distribution and to the sectors of gas, water and air conduction in Heating, Ventilation, Air conditioning and Refrigeration (HVACR). Our revenues consist mainly of sales of copper-based products (tubing, wire, cable and alloys) and electrical products. By country of production, approximately 61.3% of our revenues in the three months ended March 31, 2025, came from products manufactured in Mexico and the remaining 38.7% from products manufactured in the U.S. In terms of sales by region during the three months ended March 31, 2025, we derived approximately 44.0% of our revenues from sales to customers in the United States, 51.7% from customers in Mexico and 4.3% from the rest of the world ("ROW"). Cost of sales Our cost of sales in the three months ended March 31, 2025, increased by 44.1% to Ps.6,922.3 million (U.S.$338.3 million) from Ps.4,803.3 million in the same period of 2024. As a percentage of revenues, the cost of sales was 78.0% and 77.0% respectively. We reduce our cost base through several initiatives, including plant scheduling, raw material handling, and overall manufacturing overhead costs. According to our accounting policies, we make an inventory valuation at an average purchase price. In the case of copper cathodes, an aftermath adjustment is required due to the quotation period agreed with the suppliers (M+1). This initiative allows us to hedge purchases for 30 days at no additional cost. The adjustment is recorded to the cost of sales in the month in which it occurs. Gross Profit Our gross profit in the three months ended March 31, 2025, increased 36.3% to Ps.1,953.7 million (U.S.$95.5 million) from Ps.1,433.0 million in the same period of 2024. As a percentage of sales, gross profit in 2025 was 22.0% vs 23.0% in 2024. Selling and Administrative Expenses Our sales and administrative expenses in the three months ended March 31, 2025, increased 27.7% to Ps.805.4 million from Ps.630.8 in the same period of 2024. Operating Income Our operating income in the three months ended March 31, 2025, increased 43.1% to Ps. 1,148.3 million (U.S.$56.12 million) from an operating income of Ps. 802.2 in the same period of 2024. EBITDA In the three months ended March 31, 2025, our EBITDA increased 40.8% to Ps.1,230.5 million (or U.S.$60.1million), from Ps.873.7 million in the same period of 2024. The corresponding depreciation and amortization figures are Ps.422.3 million for January to March 2025 and Ps.337.7 million for the same period of 2024. Comprehensive Financing Result The following table shows our comprehensive financing results for the three months ending March 31, 2025, and 2024: (Figures in Millions of Pesos) For the year ended March 31, 2024 2025 Interest Expense (69.4) (78.5) Interest Income 51.3 30.6 Exchange Gain (Loss) - Net 88.7 88.9 Other Financing Costs (6.8) (6.1) Comprehensive Financing Result 63.8 34.9 Our comprehensive financing result in the three months ending March 31, 2025, was an expense of Ps.34.9 million, compared to an expense of Ps.63.8 million in the same period of 2024. Taxes and Statutory Employee Profit Sharing The provision for current and deferred income taxes and statutory employee profit sharing in the three months ended March 31, 2025, was an expense of Ps.290.4 million compared to an expense of Ps.180.9 million in the same period of 2024. Consolidated Net Income Our consolidated net income for the three months ended March 31, 2025, was Ps.911.8 million (U.S.$44.5 million), compared to a net income of Ps.720.3 million in the same period of 2024. Liquidity and Capital Resources Liquidity As of March 31, 2025, we had cash and cash equivalents for Ps.6,436.8 million (U.S.$314.6 million). Our policy is to invest available cash in short-term instruments issued by Mexican and U.S. banks as well as in securities issued by the governments of Mexico and the U.S. Our cash flow from operations and operating margins are significantly influenced by world market prices for raw copper, as quoted by COMEX and the London Metal Exchange ("LME"). Copper prices are subject to significant market fluctuations; average copper prices increased 18.4% in the three months ending March 31, 2025, to $4.57 US dollars per pound from $3.86 US dollar per pound in the same period of 2024. We obtain short-term financing from various sources, including Mexican and international banks. Short-term financing consists in part of lines of credit denominated in pesos and dollars. As of March 31, 2025, our outstanding short-term debt, including the current portion of long-term debt totaled Ps.422.2 million (U.S.$20.6 million), all of which was dollar denominated. On the same date, our outstanding consolidated long-term debt, excluding current portion thereof, totaled Ps.4,129.0 million (U.S.$201.8 million), all of which was dollar denominated. Accounts receivable from third parties as of March 31, 2025, were Ps.6,205.1 million (U.S.$303.3 million). Days outstanding in the domestic market were 31 days as of March 31, 2025. Debt Obligations The following table summarizes our debt as of March 31, 2025: Consolidated debt March 31, 2025 (In Millions of Pesos) U.S. subsidiaries debt 35.9 Mexican debt 4,515.4 Total 4,551.3 This total includes the restructured debt of the Company. Capital Expenditures For the three months ended March 31, 2025, we invested Ps.79.1 million (U.S. $3.9 million) in capital expenditure projects, mainly related to expansion of production and maintenance. In the three months ending March 31, 2025, our capital expenditures were allocated by segments as follows: 1.0% to copper tubing, 35.0% to wire and cable, 45.0% to valves and controls, 8.0% to electrical products and the remaining and 11.0% to other divisions. By geographic region 69.0% of total capital expenditures were invested in our Mexican facilities and the remaining 31.0% in the U.S. You should read this document in conjunction with the unaudited consolidated financial statements as of March 31, 2025, including the notes to those statements. View source version on Contacts Francisco Rodriguez, frodriguez@ tel. 5255 5216 4028
