Crumbl Selects ShipHawk to Streamline Warehouse Fulfillment Operations and Improve Franchisee Experience
SANTA BARBARA, CALIFORNIA / ACCESS Newswire / May 13, 2025 / ShipHawk, a leading warehouse and fulfillment management solution, announced that Crumbl, the fan-favorite gourmet cookie and dessert company, has selected ShipHawk WMS and Advanced Shipping to streamline fulfillment operations by making shipping fast, providing accurate shipping quotes, and automating order release management, lot and expiration date management, picking, and packing optimization.ShipHawk logo ShipHawk logo
Crumbl, known for its rotating flavors of cookies and iconic pink box, began in 2017 when co-founders and cousins Jason McGowan and Sawyer Hemsley teamed up to bake the perfect chocolate chip cookie. Today, the business has 1,000+ locations, franchisees across the United States, and has expanded internationally. With that growth comes increasing fulfillment demand for ingredient supply chains, franchisee operations, and eCommerce merchandise orders. Powered by ShipHawk WMS and TMS, the company will be able to keep up with order demand, ensuring ingredients and baking tools are received, picked, packed, and shipped correctly, and manual fulfillment processes are a challenge of the past.
'Partnering with ShipHawk will not only help speed up Crumbl's eCommerce orders from its two warehouses, it will optimize our freight rates, increase warehouse productivity, benchmark freight among other suppliers but most importantly, it will support our franchisee business owners by providing access to accurate shipping rate quotes and faster shipping,' said Katie Anthony, Senior Director of Supply Chain. 'These solutions offer a great opportunity for us to better equip franchisees with shipping options and ensure every Crumbl location has the ingredients they need to provide our iconic cookies and desserts to our customers.'
'As businesses grow and experience increased demand, many struggle to scale without the right tools in place,' said Jeremy Bodenhamer, CEO and Co-Founder of ShipHawk. 'ShipHawk's fulfillment management solutions offer those tools, giving businesses the ability to streamline warehouse and shipping operations by increasing the visibility required to uncover inefficiencies, identify opportunities to reduce fulfillment costs, and increase throughput. We're very excited to work with Crumbl and support their growth.'
ShipHawk provides an all-in-one fulfillment solution, giving parcel, LTL, and full-truckload shippers access to the same tools and efficiencies used by the largest companies in the world. ShipHawk customers come looking for solutions to automate the entire fulfillment process - from the moment items are received to when they're picked, packed, and shipped - resulting in measurable efficiency gains, improved inventory accuracy, reduced warehouse travel time, and reduced costs while increasing order throughput.
About Crumbl:
Crumbl is a popular dessert franchise with a mission to bring friends and family together over the best desserts in the world. Crumbl was founded in 2017 in Logan, Utah, by Jason McGowan and Sawyer Hemsley. In just eight years, Crumbl has grown from a humble cookie shop to the fastest-growing dessert chain in the US, with over 1,000 locations across all 50 states, plus Canada and Puerto Rico. The rotating menu offers new flavors every week, while regularly bringing back crowd favorites and unique original recipes, all served in Crumbl's iconic Pink Box. Don't miss the weekly menu drops posted every Sunday at 6 pm MST on Crumbl's social media accounts. Visit Crumbl online at crumblcookies.com, on social media (@crumblcookies and @crumbl.ca), or at any of the nationwide locations.
About ShipHawk
Headquartered in Santa Barbara, Calif., ShipHawk is a fulfillment management solution focused on giving businesses access to the same tools and efficiencies used by the largest companies in the world. ShipHawk works with high-volume shippers using an ERP. Our solutions include a warehouse management system (WMS), advanced shipping, in-cart rating, freight and parcel audit, and a handheld dimensioner. In addition to providing fulfillment solutions, we provide skilled industry expertise to dramatically improve your operations and outcomes to save time, decrease costs, and improve labor complexities. To learn more about ShipHawk, please visit www.shiphawk.com.
Contact InformationClaire Eastburn Senior Product Marketing Manager
SOURCE: ShipHawk
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For more information, please visit: Investor Contact:Alan KatzGlobal-e Investor RelationsIR@ Press Contact:Sarah SchlossHeadline MediaGlobale@ +1 786-233-7684 Global-E Online BALANCE SHEETS(In thousands) Period Ended December 31, June 30, 2024 2025 (Audited) (Unaudited) Assets Current assets: Cash and cash equivalents $ 254,620 $ 205,230 Short-term deposits 183,475 254,612 Accounts receivable, net 41,171 30,177 Prepaid expenses and other current assets 84,613 96,987 Marketable securities 36,345 55,641 Funds receivable, including cash in banks 122,984 92,376 Total current assets 723,208 735,023 Property and equipment, net 10,440 11,321 Operating lease right-of-use assets 24,429 22,405 Deferred contract acquisition and fulfillment costs, noncurrent 3,787 3,978 Long-term investments and other long-term assets 8,313 8,510 Commercial agreement asset 66,527 16,583 Goodwill 367,566 367,566 Intangible assets, net 59,212 50,408 Total long-term assets 540,274 480,771 Total assets $ 1,263,482 $ 1,215,794 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 79,559 $ 52,860 Accrued expenses and other current liabilities 141,551 135,603 Funds payable to Customers 122,984 92,376 Short term operating lease liabilities 4,347 4,702 Total current liabilities 348,441 285,541 Long-term liabilities: Long term operating lease liabilities 20,510 19,945 Other long-term liabilities 1,098 1,223 Total liabilities $ 370,049 $ 306,709 Shareholders' equity: Share capital and additional paid-in capital 1,425,317 1,444,618 Accumulated comprehensive income (loss) 515 4,231 Accumulated deficit (532,399 ) (539,764 ) Total shareholders' equity 893,433 909,085 Total liabilities and shareholders' equity $ 1,263,482 $ 1,215,794 Global-E Online STATEMENTS OF OPERATIONS(In thousands, except share and per share data) Three Months Ended Six Months Ended June 30, June 30, 2024 2025 2024 2025 (Unaudited) (Unaudited) Revenue $ 168,008 $ 214,877 $ 313,881 $ 404,759 Cost of revenue 90,578 117,206 173,165 223,004 Gross profit 77,430 97,671 140,716 181,755 Operating expenses: Research and development 26,676 30,733 50,214 58,871 Sales and marketing 60,089 43,957 117,044 107,895 General and administrative 13,482 12,468 25,536 23,661 Total operating expenses 100,247 87,158 192,794 190,427 Operating profit (loss) (22,817 ) 10,513 (52,078 ) (8,672 ) Financial expenses (income), net 693 (978 ) 4,203 (2,848 ) Profit (loss) before income taxes (23,510 ) 11,491 (56,281 ) (5,824 ) Income taxes (1,068 ) 1,000 (1,788 ) 1,541 Net profit (loss) attributable to ordinary shareholders $ (22,442 ) $ 10,491 $ (54,493 ) $ (7,365 ) Net profit (loss) per share attributable to ordinary shareholders, basic $ (0.13 ) $ 0.06 $ (0.33 ) $ (0.04 ) Net profit (loss) per share attributable to ordinary shareholders, diluted $ (0.13 ) $ 0.06 $ (0.33 ) $ (0.04 ) Weighted-average shares used in computing net loss per share attributable to ordinary shareholders, basic 166,982,796 169,788,923 166,585,110 169,569,068 Weighted-average shares used in computing net loss per share attributable to ordinary shareholders, diluted 166,982,796 175,588,437 166,585,110 169,569,068 Global-E Online STATEMENTS OF CASH FLOWS(In thousands) Three Months Ended Six Months Ended June 30, June 30, 2024 2025 2024 2025 (Unaudited) (Unaudited) Operating activities Net profit (loss) $ (22,442 ) $ 10,491 $ (54,493 ) $ (7,365 ) Adjustments to reconcile net profit (loss) to net cash provided by operating activities: Depreciation 530 571 1,041 1,107 Share-based compensation expense 11,201 10,058 19,912 18,851 Commercial agreement asset 37,433 12,927 73,729 49,944 Amortization of intangible assets 5,000 4,402 10,002 8,804 Changes in accrued interest and exchange rate on short-term deposits (411 ) (1,383 ) (43 ) (2,225 ) Unrealized loss (gain) on foreign currency 584 (6,045 ) 3,310 (7,522 ) Accounts receivable (10,918 ) 4,523 (2,500 ) 10,994 Prepaid expenses and other assets 10,580 23,615 13,267 (4,790 ) Funds receivable 1,386 (3,884 ) (6,302 ) (13,066 ) Long-term investments and other receivables (229 ) (298 ) 481 (197 ) Funds payable to customers 18,084 4,893 (12,773 ) (30,607 ) Operating lease ROU assets 857 960 1,674 2,024 Deferred contract acquisition costs (367 ) (210 ) (635 ) (311 ) Accounts payable 2,135 (14,324 ) (14,914 ) (26,699 ) Accrued expenses and other liabilities 13,229 17,887 (16,999 ) (5,823 ) Deferred taxes (1,438 ) - (2,862 ) - Operating lease liabilities (1,099 ) 773 (2,043 ) (210 ) Net cash provided by (used in) operating activities 64,117 64,956 9,852 (7,091 ) Investing activities Investment in marketable securities (685 ) (1,911 ) (1,727 ) (19,679 ) Proceeds from marketable securities 399 699 1,411 1,698 Purchases of short-term investments (31,295 ) (114,000 ) (88,244 ) (184,972 ) Purchases of long-term investments (1,121 ) - (1,152 ) - Proceeds from short-term investments 36,250 44,000 94,250 111,059 Purchases of property and equipment (573 ) (1,440 ) (1,455 ) (1,988 ) Net cash provided by (used in) investing activities 2,975 (72,652 ) 3,083 (93,882 ) Financing activities Exercise of Warrants to ordinary shares 2 - 2 - Proceeds from exercise of share options 933 191 1,053 401 Net cash provided by financing activities 935 191 1,055 401 Exchange rate differences on balances of cash, cash equivalents and restricted cash (584 ) 6,045 (3,310 ) 7,522 Net increase (decrease) in cash, cash equivalents, and restricted cash 67,443 (1,460 ) 10,680 (93,050 ) Cash and cash equivalents and restricted cash—beginning of period 211,834 240,092 268,597 331,682 Cash and cash equivalents and restricted cash—end of period $ 279,277 $ 238,632 $ 279,277 $ 238,632 Global-E Online OTHER DATA(In thousands) Three Months Ended Six Months Ended June 30, June 30, 2024 2025 2024 2025 (Unaudited) (Unaudited) Key performance metrics Gross Merchandise Value 1,082,037 1,453,884 2,011,548 2,696,398 Adjusted EBITDA (a) 31,347 38,471 52,606 70,034 Revenue by Category Service fees 82,235 49 % 102,853 48 % 150,494 44 % 186,836 46 % Fulfillment services 85,773 51 % 112,024 52 % 163,387 56 % 217,923 54 % Total revenue $ 168,008 100 % $ 214,877 100 % $ 313,881 100 % $ 404,759 100 % Revenue by merchant outbound region United States 87,631 52 % 117,483 55 % 159,743 49 % 218,037 54 % United Kingdom 44,424 27 % 41,474 19 % 85,700 31 % 83,221 21 % European Union 26,773 16 % 38,738 18 % 53,117 17 % 72,268 18 % Israel 313 0 % 416 0 % 629 0 % 817 0 % Other 8,867 5 % 16,766 8 % 14,692 3 % 30,416 7 % Total revenue $ 168,008 100 % $ 214,877 100 % $ 313,881 100 % $ 404,759 100 % (a) See reconciliation to adjusted EBITDA table Global-E Online TO Non-GAAP GROSS PROFIT(In thousands) Three Months Ended Six Months Ended June 30, June 30, 2024 2025 2024 2025 (Unaudited) Gross Profit 77,430 97,671 140,716 181,755 Amortization of acquired intangibles included in cost of revenue 2,796 2,198 5,592 4,395 Non-GAAP gross profit 80,226 99,869 146,308 186,150 Global-E Online TO Free Cash Flow(In thousands) Three Months Ended Six Months Ended June 30, June 30, 2024 2025 2024 2025 (Unaudited) Net profit (loss) (22,442 ) 10,491 (54,493 ) (7,365 ) Income tax (benefit) expenses (1,068 ) 1,000 (1,788 ) 1,541 Financial expenses (income), net 693 (978 ) 4,203 (2,848 ) Stock-based compensation: Cost of revenue 180 254 360 520 Research and development 5,497 4,501 8,965 8,128 Selling and marketing 1,482 1,633 2,764 3,070 General and administrative 4,042 3,670 7,823 7,133 Total stock-based compensation 11,201 10,058 19,912 18,851 Depreciation and amortization 530 571 1,041 1,107 Commercial agreement asset amortization 37,433 12,927 73,729 49,944 Amortization of acquired intangibles 5,000 4,402 10,002 8,804 Adjusted EBITDA 31,347 38,471 52,606 70,034 Global-E Online TO Free Cash Flow(In thousands) Three Months Ended Six Months Ended June 30, June 30, 2024 2025 2024 2025 (Unaudited) (Unaudited) Net cash (used in) provided by operating activities 64,117 64,956 9,852 (7,091 ) Purchase of property and equipment (573 ) (1,440 ) (1,455 ) (1,988 ) Free Cash Flow 63,544 63,516 8,397 (9,079 )
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HELOC rates today, August 13, 2025: Fees can be just important as your interest rate
HELOC rates today are still under 8.75%. When shopping for a home equity line of credit, fees can be just as important as your interest rate. Shop lenders and look for low — or better yet, zero — application, origination, and appraisal fees. Annual service fees should be avoided as well. Then, ask about the introductory rate and the variable rate you'll pay after the intro rate expires. Now, let's check today's home equity line of credit rate. Dig deeper: Is now a good time to take out a HELOC? HELOC rates Wednesday, August 13, 2025 According to Bank of America, the largest HELOC lender in the country, today's average APR on a 10-year draw HELOC remains 8.72%. That is a variable rate that kicks in after a six-month introductory APR, which is 6.49% in most parts of the country. The lowest HELOC rate reported was 8.05%, with the maximum 9.59%. Homeowners have a sizable amount of value tied up in their houses — more than $34 trillion at the end of 2024, according to the Federal Reserve. That's the third-largest amount of home equity on record. With mortgage rates lingering in the high 6% range, homeowners are not likely to let go of their primary mortgage anytime soon, so selling the house may not be an option. Why let go of your 5%, 4% — or even 3% mortgage? Accessing some of the value locked into your house with a use-it-as-you-need-it HELOC can be an excellent alternative. How lenders determine HELOC interest rates HELOC interest rates are different from primary mortgage rates. Second mortgage rates are based on an index rate plus a margin. That index is often the prime rate, which today is 7.50%. If a lender added 1% as a margin, the HELOC would have a rate of 8.50%. Lenders have flexibility with pricing on a second mortgage product, such as a HELOC or home equity loan, so it pays to shop around. Your rate will depend on your credit score, the amount of debt you carry, and the amount of your credit line compared to the value of your home. And average national HELOC rates can include "introductory" rates that may only last for six months or one year. After that, your interest rate will become adjustable, likely beginning at a substantially higher rate. How a HELOC works You don't have to give up your low-rate mortgage to access the equity in your home. Keep your primary mortgage and consider a second mortgage, such as a home equity line of credit. The best HELOC lenders offer low fees, a fixed-rate option, and generous credit lines. A HELOC allows you to easily use your home equity in any way and in any amount you choose, up to your credit line limit. Pull some out; pay it back. Repeat. Meanwhile, you're paying down your low-interest-rate primary mortgage like the wealth-building machine you are. Look for introductory rates, but be aware of a rate adjustment later Today, FourLeaf Credit Union is offering a HELOC rate of 6.49% for 12 months on lines up to $500,000. That's an introductory rate that will convert to a variable rate later. When shopping lenders, be aware of both rates. And as always, compare fees, repayment terms, and the minimum draw amount. The draw is the amount of money a lender requires you to initially take from your equity. The power of a HELOC is tapping only what you need and leaving some of your line of credit available for future needs. You don't pay interest on what you don't borrow. HELOC rates today: FAQs What is a good interest rate on a HELOC right now? Rates vary so much from one lender to the next that it's hard to pin down a magic number. You may see rates from nearly 7% to as much as 18%. It really depends on your creditworthiness and how diligent a shopper you are. Is it a good idea to get a HELOC right now? For homeowners with low primary mortgage rates and a chunk of equity in their house, it's probably one of the best times to get a HELOC. You don't give up that great mortgage rate, and you can use the cash drawn from your equity for things like home improvements, repairs, and upgrades. Of course, you can use a HELOC for fun things too, like a vacation — if you have the discipline to pay it off promptly. A vacation is likely not worth taking on long-term debt. What is the monthly payment on a $50,000 home equity line of credit? If you take out the full $50,000 from a line of credit on a $400,000 home, your payment may be around $395 per month with a variable interest rate beginning at 8.75%. That's for a HELOC with a 10-year draw period and a 20-year repayment period. That sounds good, but remember, it winds up being a 30-year loan. HELOCs are best if you borrow and pay back the balance in a much shorter period of time.
Yahoo
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- Yahoo
A Flash in the Pan: The Strange Story of Kodak's Ill-Fated Crypto Venture
Key Takeaways Eastman Kodak on Monday warned it could be forced to declare bankruptcy for the second time since 2012. Its last bankruptcy led the company to pursue licensing deals, one of which, in 2018, involved a blockchain-powered photo rights platform, KODAKOne, and associated cryptocurrency, KODAKCoin. KODAKCoin's private placements and initial coin offering, undertaken during 2018's crypto winter, were poorly received, and KODAKOne never launched in Kodak (KODK), after more than 100 years in business, may not be long for this world. The company issued a 'going concern' warning on Monday, informing investors it lacks the financing or adequate cash flow to pay debt that's coming due in the next 12 months. Kodak, once one of the largest companies in the world and a developer of cutting-edge technology, fell victim to the digitization of photography and, after years of declining sales, declared bankruptcy in 2012. It emerged from bankruptcy focused on printing technology and specialty chemicals while licensing its brand name on the side. That line of business roped it into a questionable venture in the world of cryptocurrency at what proved to be an inauspicious time. What Was KODAKOne? Kodak, in January 2018, announced a licensing agreement with the company WENN Digital, which agreed to launch KODAKOne, a platform through which photographers could use blockchain technology to manage and monetize their photos, and KODAKCoin, a native cryptocurrency. The platform was to be launched with the funds raised from a KODAKCoin initial coin offering, which began in May 2018. Kodak's licensing agreement reportedly gave it a minority stake in WENN Digital, 3% of all KodakCoins, and future royalties. The idea was that photographers would upload their photographs to KODAKOne, where they would license the images and use web-crawling software to flag copyright violations. Users would be paid in KODAKCoin for all business conducted on the platform. The rub: the KODAKCoin ICO, to comply with securities laws, was only open to accredited investors—anyone with a net worth of more than $1 million or annual income of $200,000 or more. So, photographers were to be paid in a cryptocurrency that could only be used to pay for services on the platform, which KODAKOne said would eventually include a marketplace for the sale and rental of equipment or studio space. But if they wanted to convert any of that KODAKCoin into dollars, they would need to find a rich person to buy it. That may not have been an issue if KODAKCoin took off in its ICO, but its reception was lukewarm at best. According to the project's confidential offering memorandum, which cryptocurrency blogger David Gerard acquired and published in the midst of the ICO, an early 2018 private placement raised just $880,000 of the $6.75 million that was expected. Bad Idea Meets Bad Timing Kodak's attempt to jump on the crypto train appeared fruitful at first. Shares tripled in value in the days after the January 8 announcement. Unfortunately for Kodak, its foray into digital assets coincided with the onset of crypto winter—the cyclical slump in crypto markets that tends to follow periods of speculative frenzy. The price of bitcoin slid from a record high of more than $20,000 in late 2017 to less than $4,000 in December 2018. In October 2018, KODAKOne launched a beta version of its licensing portal, which reportedly generated $1 million in licensing claims in its first two months. But the portal never exited beta mode, nor was KODAKCoin ever integrated with the platform. The last time Kodak mentioned the project was in August 2019, when it noted the volatility of the cryptocurrency market could pose a risk to its stock price. By the time of its third-quarter earnings report in November, crypto was no longer a risk. According to Gerber, KODAKOne's web domain was effectively shut down in late 2020. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
