Fossil Group: Q1 Earnings Snapshot
On a per-share basis, the Richardson, Texas-based company said it had a loss of 33 cents. Losses, adjusted for restructuring costs and asset impairment costs, came to 10 cents per share.
The watch and accessories maker posted revenue of $233.3 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FOSL at https://www.zacks.com/ap/FOSL
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
a minute ago
- Forbes
Meet The Startup Betting Big On Reviving Europe's Forests
For Lisett Luik, a love of nature is practically coded into her DNA. Growing up in Estonia—a country where over half the land is forest—she calls herself 'a forest-loving pagan.' As a child, weekends meant wandering beneath pine canopies with family and friends. Later, while buying woodland for an investment firm, she stumbled onto a glaring market gap: Europe's forests were being left on the sidelines of the carbon removal conversation. 'We couldn't easily figure out how to manage woodland as a climate-forward investment,' Luik recalls. That insight became the seed for Arbonics, the Tallinn-based carbon credit platform she co-founded with Kristjan Lepik in 2022. Their mission: to transform untapped hectares of forests—from the Baltics to the Balkans—into high-integrity carbon sinks, monetised through verified credits. Arbonics' approach is rooted in a proprietary geospatial platform that fuses satellite imagery, soil maps and growth models to estimate carbon potential plot-by-plot. Built with researchers at the University of Tartu and vetted by groups like the American Forest Foundation, the platform allows landowners to understand the climate and revenue potential of their land before a single sapling is planted. That decision—to invest in the tech before securing a single customer—was a gamble. 'It could have been a classic case of building something no-one cares about,' Luik says. 'But it's become central to our promise of trust and transparency.' Two years and €7.3 million later, Arbonics is live in five Nordic-Baltic countries, has analysed over 500,000 hectares of land, and is on track to map half of Europe's forests for carbon projects by the end of this year. Participating landowners' projects are projected to sequester over three million tonnes of CO₂. The team works directly with small and family-owned forest plots, offering simple onboarding and revenue-sharing terms. 'I was surprised to find how deeply landowners care about their forests,' says Luik. 'They're not just 'harvest-happy' timber sellers—they want to invest in nature but need the right support.' Europe's voluntary carbon market is in flux. The EU's proposed Carbon Removal Certification Framework (CRCF) will introduce stricter definitions of what constitutes a 'real' tonne of CO₂ removed—changes Luik welcomes. 'It's probably rare to hear a startup say they want more regulation,' she says, 'but clarity will help buyers trust that a tonne is a tonne is a tonne.' Eve Tamme, Managing Director at Climate Principles, agrees that regulation will make or break the sector's growth. 'There is a lack in longer-term policy vision, especially when it comes to the EU's 2040 climate target proposal that does not include a separate target for forestry- and land-based removals,' she says. 'All is not lost yet, as the political process around fine-tuning the climate target architecture is just getting started—but there's a lack of political will to create incentives in this space.' For landowners, wildfire is a growing personal and financial risk. In an unprecedented wildfire season— 354,000 hectares of land—nearly double the 19-year average – was scorched and charred across Europe in summer 2025. From Turkey, Greece, Albania, to Portugal, France, and Spain, ferocious flames are engulfing forests, leaving destruction in their wake. In much of Europe, private landowners are legally responsible for fire prevention, and in the Baltics and Nordics, large owners often have fire response plans, basic firefighting infrastructure, and deep generational knowledge of their land. 'Forests that are well-managed with mixed, native species and appropriate spacing are more resistant to wildfire,' Luik explains. Carbon credits, she adds, can strengthen these efforts. 'By linking fire-safe forest management to the financial value of carbon credits, landowners have a strong motivation to maintain resilient, well-managed forests. This protects both the climate benefits and the long-term income from their carbon credits.' Arbonics actively supports landowners in reducing fire risk by monitoring forest health with remote sensing, and alerting owners to changes that could threaten resilience. Reforestation in Europe can help combat climate change by increasing summer rainfall, potentially mitigating drier summers predicted by climate change models. Global carbon removal discussions often focus on tech-based solutions or reforestation projects in the Global South. Luik believes overlooking Europe's forests is a mistake. Europe's forests have experienced centuries of decline. According to the World Resources Institute, roughly 78% of the continent's tall forests have been lost since the Roman Empire. While the overall picture remains challenging, there are signs of progress. Eurostat data shows that forested land in the EU has grown by about 5.3% since 2000—an addition of 8 million hectares—bringing the total to an estimated 160 million hectares in 2021. 'Trees are the original carbon removal technology, perfected over 370 million years of evolution,' she says. 'With our tech, we can scale that solution to remove gigatonnes more carbon than is happening today—right on our doorstep.' Tamme emphasises that pitting nature-based solutions against engineered removals is a false choice. 'The science is clear—both conventional (forest- and land-based) and novel removals (including direct air capture) need to be scaled up substantially to achieve net-zero targets,' she says. 'Every single carbon removal method has its pros and cons… what's important is that all receive support to scale in a just and sustainable way.' The scale of reforestation potential is significant: 14 million hectares of land across Europe could be converted to forest, sequestering over 90 million tonnes of CO₂ annually—enough to balance the yearly emissions of up to 15 million Europeans. In economic terms, it could add £2 billion to the European economy through carbon credit revenue, according to Arbonics estimates. Forests protection and restoration are also key to combating biodiversity loss and improving air and water quality. If Luik could fast-forward a decade, she envisions Arbonics operating in dozens of countries, stewarding millions of new hectares, and closing in on a gigatonne of verified carbon removed. Her founder mantra—'This too shall pass'—is a reminder not to get too attached to wins or losses. And her approach to climate anxiety? 'Positive action over doomerism… I start each day asking, 'What can I do today?'' With a fast-evolving regulatory landscape, growing urgency on wildfire resilience, and investor appetite for high-integrity credits, Arbonics is betting that Europe's forests will soon play an important role in the climate solution spotlight.
UPI
a minute ago
- UPI
Clear Secure adds Britain, Canada, Australia, New Zealand travelers
1 of 5 | Travelers from Britain, Canada, Australia, and New Zealand can now enroll in Clear Secure, the American tech firm that allows people to pay for expedited clearance at U.S. airports, the company confirmed Friday. File Photo by Roger L. Wollenberg/UPI | License Photo Aug. 15 (UPI) -- Travelers from Britain, Canada, Australia, and New Zealand can now enroll in Clear Secure, the American tech firm that allows people to pay for expedited clearance at U.S. airports, the company confirmed Friday. Passengers from the four countries can now enroll in the company's CLEAR+ program, allowing them to quickly get through security lines for a yearly fee. The New York City-based tech firm currently uses its biometric travel document verification systems at 59 airports across the United States, allowing clients to save time going through security checkpoints. The company currently charges $209 for a yearly subscription. "From the beginning, CLEAR's vision has been to make travel safer, easier, and more predictable-using the power of identity," Clear Secure CEO Caryn Seidman Becker said in a statement on the company's website. "By enabling highly vetted travelers from the UK, Canada, Australia, and New Zealand to enroll in CLEAR+, we're expanding that vision to more people around the world. Whether you're flying for business or reuniting with family, you should be able to move through the airport with confidence and peace of mind." The company said additional "Visa Waiver countries" will become eligible to subscribe later this year. The program is not related to the PreCheck option offered by the Transportation Safety Administration, which is only open to U.S. citizens and lawful permanent residents. Initially opened in 2025, NEXUS is another separate program allowing travelers to pay for expedited cross-border travel between the United States and Canada. Earlier this week, U.S. Customs and Border Protection launched a streamlined security system for international travelers, at Los Angeles International Airport to reduce wait times from incoming international flights. Clear Secure stock climbed to start the trading day but was in the red by late morning, down $0.65 or 1.91%, trading at $33.15 at 10:49 EDT Friday.
Associated Press
a minute ago
- Associated Press
Fermi America™ and ASP Isotopes Join Forces to Secure America's Advanced Reactor Fuel Supply
-Texas-based private grid campus to host one of the first U.S. HALEU enrichment facilities, strengthening energy security and reducing reliance on foreign sources AMARILLO, Texas, Aug. 15, 2025 /PRNewswire/ -- Fermi America, developer of the 11 GW private grid campus for next-generation hyperscale AI in collaboration with the Texas Tech University System, today announced it has signed a Memorandum of Understanding (MOU) with ASP Isotopes Inc. (NASDAQ: ASPI) and its subsidiary Quantum Leap Energy LLC (QLE) to explore the development of a High Assay Low Enriched Uranium (HALEU) enrichment facility at Fermi America's site in Carson County, Texas. The planned facility would use advanced laser-based isotope separation technology to produce HALEU — a specialized nuclear fuel essential for many Generation IV and small modular reactor (SMR) designs. With very few commercial HALEU suppliers currently operating in the Western world, the project is intended to strengthen U.S. and allied supply chains, reduce reliance on Russian enrichment, and accelerate the deployment of advanced nuclear technologies. Fermi America's private grid campus will be anchored by four AP1000® nuclear units using conventional fuel, with the potential to integrate advanced reactor technologies in future phases. The addition of domestic HALEU production capability would position the private grid as both a significant clean energy generator and a strategic nuclear fuel hub. 'Our nation's ability to lead in advanced nuclear energy is directly tied to our capacity to fuel it here at home,' said Toby Neugebauer, Co-Founder and CEO, Fermi America. 'This decision helps ensure that America's next generation of nuclear reactors will be powered by American innovation, technology, and resolve.' 'This collaboration represents a decisive step toward securing the nuclear fuel needed for the next wave of advanced reactors,' said Mesut Uzman, Chief Nuclear Construction Officer, Fermi America. 'It reinforces our mission to build the most advanced, resilient, and secure private grid in the world.' 'Advanced reactors cannot be built without HALEU, and our Quantum Enrichment™ technology is designed to deliver it with speed, precision, and environmental responsibility,' said Paul Mann, Chairman and CEO, ASP Isotopes Inc. 'Partnering with Fermi America gives us the platform and location to play a central role in the emerging Western HALEU market.' 'Energy security is national security,' said Rick Perry, Co-Founder of Fermi America and former U.S. Secretary of Energy. 'This project will help America control its own destiny in nuclear power, create jobs here in Texas, and send a clear message that the United States intends to lead – not follow – in the race for advanced, carbon-free energy.' According to the U.S. Department of Energy, U.S. HALEU demand could exceed 50 metric tons annually by 2035, with similar needs emerging in Europe and Asia. The proposed project would help meet this demand, supporting the clean energy transition while enhancing energy security. For media inquiries, please contact: Lexi Swearingen [email protected] About Fermi America Fermi America is pioneering the development of next-generation electric grids that deliver highly redundant power at gigawatt scale, essential for enabling next-generation artificial intelligence. Co-founded by former U.S. Energy Secretary Rick Perry, Fermi America's behind-the-meter HyperGrid campus will integrate the largest nuclear power complex in America, the nation's biggest combined-cycle natural gas project, utility grid power, solar power, and battery energy storage. About the Texas Tech University System Established in 1996, the Texas Tech University System is one of the top public university systems in the nation, consisting of five universities – Texas Tech University, Texas Tech University Health Sciences Center, Angelo State University, Texas Tech University Health Sciences Center El Paso and Midwestern State University. Headquartered in Lubbock, Texas, the TTU System is a more than $3 billion enterprise focused on advancing higher education, health care, research and outreach with approximately 21,000 employees and 64,000 students, more than 400,000 alums, a statewide economic impact of $19.2 billion and an endowment valued at $3 billion. In its short history, the TTU System has grown tremendously and is nationally acclaimed, operating at 20 academic locations in 16 cities (15 in Texas, 1 international). In addition, the TTU System is one of only nine in the nation to offer programs for undergraduate, medical, law, nursing, pharmacy, dental and veterinary education, among other academic areas. About ASP Isotopes Inc. ASP Isotopes Inc. (NASDAQ: ASPI) is an advanced materials company dedicated to the production of enriched isotopes for use in multiple industries, including nuclear energy, medicine, semiconductors, and quantum computing. Through its subsidiary Quantum Leap Energy, ASPI is developing Quantum Enrichment™ technology to produce HALEU fuel and other critical isotopes at lower cost, faster, and with no radioactive waste. Forward-Looking Statements This press release may contain 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives of management. In some cases, you can identify forward-looking statements because they contain words such as 'may,' 'will,' 'will be,' 'will likely result,' 'should,' 'expects,' 'plans,' 'anticipates,' 'could,' 'would,' 'foresees,' 'intends,' 'target,' 'projects,' 'contemplates,' 'believes,' 'estimates,' 'predicts,' 'potential,' 'outlook,' or 'continue' or the negative of these words or other similar terms or expressions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions, and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks. View original content to download multimedia: SOURCE Fermi America
