Elmira police bring back K-9 program after receiving funding
The department will receive $122,095 in funding from the county. The funds will go towards the K-9 and other handler fees.
'The dog ranges between fifteen and sixteen thousand dollars, which seems to be the going rate, and then a new patroling vehicle. You're looking at forty-five to fifteen thousand dollars for that. There are those fees and then the handler training fee, and then all of the little things that go with it,' said Kristen Thorne, Elmira Police Department Chief.
Corning Farmers Market kicks off first day of season
Chief Thorne hopes that everything will be up and running by the end of 2025.
'I'm in the process of trying to get the bids and trying to find the place that we're going to buy it from, so when that happens, most of them it takes a couple of months to do the training on the dog,' said Thorne.
The K-9s will be able to help sniff out drugs and complete tasks to help the department.
Bikers urged to follow traffic laws and safety tips
'We are looking to get a dual-purpose dog so he or she will be able to do tracking, building searches, article searches, and then search for narcotics,' said Thorne.' Fentanyl, methenamine, cocaine, we do not test for obviously marijuana anymore, you know, because marijuana is legal now, so the dog won't be trained on that,' he said.
Chief Thorne is currently in the process of choosing a K-9 to add to the department.
'I've reached out to several kennels, I have one in mind. There have been a lot of dogs in surrounding agencies that have come from this kennel, so that's what I would like to do, but that has not been cemented in stone as of yet,' said Thorne.
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Business Wire
4 minutes ago
- Business Wire
Energy Recovery Reports its Second Quarter 2025 Financial Results
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq:ERII) ('Energy Recovery' or the 'Company') today announced its financial results for the second quarter and six months ended June 30, 2025. Second Quarter Highlights Q2'2025 financial results were in-line with internal expectations and consistent with our communicated expectations for quarterly revenue cadence in 2025. Revenue of $28.1 million, an increase of $0.9 million, as compared to Q2'2024, due to timing of revenue from contracted projects. Gross margin of 64.0%, a decrease of 60 bps, as compared to Q2'2024, due primarily to costs related to product mix and tariffs. Operating expenses of $16.5 million, a decrease of 15.8%, as compared to Q2'2024, due primarily to a decrease in employee costs and consulting costs. Income from operations of $1.5 million, an increase of 173.2%, as compared to Q2'2024, mainly due to higher revenue and lower operating expenses. Net income of $2.1 million and adjusted EBITDA (1) of $4.4 million. Cash and investments of $93.7 million, which includes cash, cash equivalents, and short- and long-term investments. In conjunction with these financial results, management has released a letter to shareholders reviewing business and financial updates from the second quarter and discussing our outlook for 2025. This letter is located under 'Financial Info' in the 'Investors' section on the Energy Recovery website ( Financial Highlights Non-GAAP Financial Highlights (1) _______________ (1) Refer to the sections 'Use of Non-GAAP Financial Measures' and 'Reconciliation of Non-GAAP Financial Measures' for definitions of our non-GAAP financial measures and reconciliations of GAAP to non-GAAP amounts, respectively. NM Not Meaningful Expand Forward-Looking Statements Certain matters discussed in this press release and on the conference call are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on information currently available to the Company and on management's beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include risks relating to the future demand for the Company's products, risks relating to performance by our customers and third-party partners, risks relating to the timing of revenue, and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company's business, and the risks discussed under 'Risk Factors' in the Company's Form 10-K filed with the U.S. Securities and Exchange Commission ('SEC') for the year ended December 31, 2024, as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company's actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements. Use of Non-GAAP Financial Measures This press release includes certain non-GAAP financial measures, including adjusted operating margin, adjusted net income (loss), adjusted net income (loss) per share, adjusted EBITDA and free cash flow. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either exclude or include amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles in the United States of America, or GAAP. These non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same captions, and may differ from non-GAAP financial measures with the same or similar captions that are used by other companies. As such, these non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. The Company uses these non-GAAP financial measures to analyze its operating performance and future prospects, develop internal budgets and financial goals, and to facilitate period-to-period comparisons. The Company believes these non-GAAP financial measures reflect an additional way of viewing aspects of its operations that, when viewed with its GAAP results, provide a more complete understanding of factors and trends affecting its business. Notes to the Financial Results Adjusted operating margin is a non-GAAP financial measure that the Company defines as income (loss) from operations which excludes i) stock-based compensation; ii) executive transition costs, such as executive search costs, retention costs, one-time severance costs and one-time corporate growth strategy costs; and iii) restructuring charges, divided by revenues. Adjusted net income (loss) is a non-GAAP financial measure that the Company defines as net income (loss) which excludes i) stock-based compensation; ii) executive transition costs; iii) restructuring charges; iv) impairment of long-lived assets; and v) the applicable tax effect of the excluded items including the stock-based compensation discrete tax item. 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Conference Call to Discuss Financial Results LIVE CONFERENCE Q&A CALL: Wednesday, August 6, 2025, 2:00 PM PT / 5:00 PM ET US / Canada Toll-Free: +1 (888) 645-4404 Local / International Toll: +1 (862) 298-0702 CONFERENCE Q&A CALL REPLAY: Available approximately three hours after conclusion of the live call. Expiration: Saturday, September 6, 2025 US / Canada Toll-Free: +1 (877) 660-6853 Local / International Toll: +1 (201) 612-7415 Access code: 13755031 Investors may also access the live call and the replay over the internet on the 'Events' page of the Company's website located at Disclosure Information Energy Recovery uses the investor relations section on its website as means of complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor Energy Recovery's investor relations website in addition to following Energy Recovery's press releases, SEC filings, and public conference calls and webcasts. About Energy Recovery Energy Recovery (Nasdaq: ERII) is a trusted global leader in energy efficiency technology. Building on the Company's pressure exchanger technology platform, the Company designs and manufactures reliable, high-performance solutions that generate cost savings and increase energy efficiency across several industries. With a strong foundation in the desalination industry, the Company has delivered transformative solutions that optimize operations and deliver positive environmental impact to its customers worldwide for more than 30 years. Headquartered in the San Francisco Bay Area, the Company has manufacturing and research and development facilities across California with sales and on-site technical support available globally. To learn more, visit ENERGY RECOVERY, INC. (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 (In thousands, except per share data) Revenue $ 28,051 $ 27,199 $ 36,116 $ 39,289 Cost of revenue 10,097 9,633 13,704 14,588 Gross profit 17,954 17,566 22,412 24,701 Operating expenses General and administrative 7,669 9,532 16,243 17,098 Sales and marketing 5,360 6,104 10,266 12,256 Research and development 3,451 3,944 6,452 8,295 Restructuring charges — — 539 — Total operating expenses 16,480 19,580 33,500 37,649 Income (loss) from operations 1,474 (2,014 ) (11,088 ) (12,948 ) Other income, net 914 1,614 1,993 3,003 Income (loss) before income taxes 2,388 (400 ) (9,095 ) (9,945 ) Provision for (benefit from) income taxes 334 242 (1,269 ) (1,043 ) Net income (loss) $ 2,054 $ (642 ) $ (7,826 ) $ (8,902 ) Net income (loss) per share Diluted $ 0.04 $ (0.01 ) $ (0.14 ) $ (0.16 ) Number of shares used in per share calculations Expand ENERGY RECOVERY, INC. (Unaudited) Six Months Ended June 30, 2025 2024 (In thousands) Cash flows from operating activities: Net loss $ (7,826 ) $ (8,902 ) Non-cash adjustments 5,642 7,586 Net cash provided by (used in) operating assets and liabilities 17,008 15,886 Net cash provided by operating activities 14,824 14,570 Cash flows from investing activities: Net investment in marketable securities 33,882 (42,895 ) Capital expenditures (326 ) (1,025 ) Proceeds from sales of fixed assets 10 90 Net cash provided by (used in) investing activities 33,566 (43,830 ) Cash flows from financing activities: Net proceeds from issuance of common stock 983 1,502 Repurchase of common stock & payment of excise tax (22,009 ) — Net cash (used in) provided by financing activities (21,026 ) 1,502 Effect of exchange rate differences 60 (24 ) Net change in cash, cash equivalents and restricted cash $ 27,424 $ (27,782 ) Cash, cash equivalents and restricted cash, end of period $ 57,181 $ 40,443 Expand Expand Segment Activity Three Months Ended June 30, 2025 2024 Water Emerging Technologies Corporate Total Water Emerging Technologies Corporate Total (In thousands) Revenue $ 27,839 $ 212 $ — $ 28,051 $ 26,918 $ 281 $ — $ 27,199 Cost of revenue 9,926 171 — 10,097 9,345 288 — 9,633 Gross profit (loss) 17,913 41 — 17,954 17,573 (7 ) — 17,566 Operating expenses General and administrative 1,323 571 5,775 7,669 1,912 984 6,636 9,532 Sales and marketing 3,280 1,569 511 5,360 3,837 1,700 567 6,104 Research and development 1,604 1,847 — 3,451 1,073 2,871 — 3,944 Total operating expenses 6,207 3,987 6,286 16,480 6,822 5,555 7,203 19,580 Operating income (loss) $ 11,706 $ (3,946 ) $ (6,286 ) 1,474 $ 10,751 $ (5,562 ) $ (7,203 ) (2,014 ) Other income, net 914 1,614 Expand Six Months Ended June 30, 2025 2024 Water Emerging Technologies Corporate Total Water Emerging Technologies Corporate Total (In thousands) Revenue $ 35,903 $ 213 $ — $ 36,116 $ 39,007 $ 282 $ — $ 39,289 Cost of revenue 13,487 217 — 13,704 14,299 289 — 14,588 Gross profit (loss) 22,416 (4 ) — 22,412 24,708 (7 ) — 24,701 Operating expenses General and administrative 2,896 1,326 12,021 16,243 3,834 2,002 11,262 17,098 Sales and marketing 6,425 2,839 1,002 10,266 7,582 3,507 1,167 12,256 Research and development 2,782 3,670 — 6,452 2,173 6,122 — 8,295 Restructuring charges 210 123 206 539 — — — — Total operating expenses 12,313 7,958 13,229 33,500 13,589 11,631 12,429 37,649 Operating income (loss) $ 10,103 $ (7,962 ) $ (13,229 ) (11,088 ) $ 11,119 $ (11,638 ) $ (12,429 ) (12,948 ) Other income, net 1,993 3,003 Income before income taxes $ ) $ (9,945 ) Expand ENERGY RECOVERY, INC. (Unaudited) Stock-based Compensation Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 (In thousands) Stock-based compensation expense charged to: Cost of revenue $ 148 $ 461 $ 296 $ 804 General and administrative 728 1,011 1,598 2,418 Sales and marketing 701 912 1,380 1,922 Research and development 359 433 625 956 Total stock-based compensation expense $ 1,936 $ 2,817 $ 3,899 $ 6,100 Expand This press release includes certain non-GAAP financial information because we plan and manage our business using such information. The following table reconciles the GAAP financial information to the non-GAAP financial information. Q2'2025 Q2'2024 Q2'2025 Q2'2024 (In millions, except shares, per share and percentages) Operating margin 5.3 % (7.4 )% (30.7 )% (33.0 )% Stock-based compensation 6.9 10.4 10.8 15.5 Executive transition costs — 12.3 — 9.7 Restructuring charges — — 1.5 — Impairment of long-lived assets — — 1.0 — Adjusted operating margin 12.2 % 15.3 % (17.4 )% (7.7 )% Net income (loss) $ 2.1 $ (0.6 ) $ (7.8 ) $ (8.9 ) Stock-based compensation 1.9 2.8 3.9 6.1 Executive transition costs (2) — 2.9 — 3.5 Restructuring charges (2) — — 0.5 — Impairment of long-lived assets (2) — — 0.3 — Stock-based compensation discrete tax item (0.3 ) (0.1 ) (0.2 ) (0.2 ) Adjusted net income (loss) $ 3.7 $ 5.0 $ (3.3 ) $ 0.5 Net income (loss) per share $ 0.04 $ (0.01 ) $ (0.14 ) $ (0.16 ) Adjustments to net income (loss) per share (3) 0.03 0.10 0.08 0.17 Adjusted net income (loss) per share $ 0.07 $ 0.09 $ (0.06 ) $ 0.01 Net income (loss) $ 2.1 $ (0.6 ) $ (7.8 ) $ (8.9 ) Stock-based compensation 1.9 2.8 3.9 6.1 Depreciation and amortization 0.9 1.0 1.9 2.0 Executive transition costs — 3.3 — 3.8 Restructuring charges — — 0.5 — Impairment of long-lived assets — — 0.4 — Other income, net (0.9 ) (1.6 ) (2.0 ) (3.0 ) Provision for (benefit from) income taxes 0.3 0.2 (1.3 ) (1.0 ) Adjusted EBITDA $ 4.4 $ 5.2 $ (4.4 ) $ (1.0 ) Free cash flow Net cash provided by operating activities $ 4.1 $ 8.1 $ 14.8 $ 14.6 Capital expenditures (0.1 ) (0.2 ) (0.3 ) (1.0 ) Free cash flow $ 4.0 $ 7.9 $ 14.5 $ 13.5 Expand _______________ (1) Amounts may not total due to rounding. (2) Amounts presented are net of tax. (3) Refer to the sections 'Use of Non-GAAP Financial Measures' for description of items included in adjustments. Expand
Yahoo
28 minutes ago
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Analysts tweak Super Micro stock price target after earnings
Analysts tweak Super Micro stock price target after earnings originally appeared on TheStreet. Fans of pirate stories are no doubt familiar with the expression "Davy Jones' Locker." The phrase comes from folk stories about a demonic figure who presides over souls who were lost at sea, but it's typically used to describe the deepest part of the ocean. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 Super Micro Computer () shares might not be that low, but they were seriously under water after the AI-server maker missed Wall Street's fourth-quarter-earnings expectations and fell short of first-quarter forecasts. The San Jose, Calif., company has been sailing in some pretty rough seas for a while now. Last August, short-seller Hindenburg Research released a report accusing Super Micro of what it called "glaring accounting red flags, evidence of undisclosed related-party transactions, sanctions violations, and customer troubles." A day later, Super Micro said it would delay filing its Securities and Exchange Commission Form 10-K for the fiscal year ended June 30. Super Micro CEO cites revenue growth In October, Super Micro's then-auditor, Ernst & Young, resigned, citing governance and transparency concerns. Super Micro's special committee of the board later said it found 'no evidence of misconduct' after an investigation. In December, Super Micro was dropped from the Nasdaq 100 Index and in February, the company reported its financial results just in time to meet the Nasdaq's listing deadline. More Tech Stocks: Analyst who correctly predicted Rocket Lab stock surge resets forecast Verizon Q2 earnings report surprises with remarks on tax reform Fund manager who forecast Nvidia stock rally reboots outlook Super Micro CEO Charles Liang told analysts on Aug. 5 that the company's revenue surged 47% from a year earlier. "This growth reflects continued strong demand for our AI and green computing solutions," he said, "despite the six months cash-flow impact from the delayed filing of our fiscal year 2024 10-K and delayed revenue recognition from a major new large partner." Liang said earnings per share fell 50% from a year earlier, due primarily to the impact of the Trump administration's tariffs. "Although, we had taken measures to reduce the impact, and we will see their results," he said. During the call, Liang discussed the company's strategy for competing in the AI server market. "We can grow much quicker if we don't care about the gross margin and net margin," he said. "And that's why we introduced the DC PPS, data center billing box solution. That's a total solution to support the customer to build a data center quicker, better, and also save money, more reliable." "And we provide all the infrastructure (needed), including on-site deployment, networking, cabling," Liang added. "We are able to provide a better value to the customer, not just the price war." Analyst: Super Micro falling short of targets Super Micro's shares are up nearly 50% this year, but stock was off 20.5% at last check. Investment firms expressed disappointment with the company's earnings of America Securities analyst Ruplu Bhattacharya raised his price target on Super Micro to $37 from $35 and affirmed an underperform rating on the shares. Gross margins were hurt again this quarter from inventory reserves for older generation products, as some customers chose to wait for the next generation Nvidia () B300/GB300 GPUs, the analyst wrote. '[This] can be an issue in future quarters as well, as Nvidia and AMD will continue to launch new GPUs with step function changes in functionality," Bhattacharya said in a research note. "In our opinion, some customers who spend a lot on data center racks may elect to wait to get the best functionality for their money, if their schedule can allow for it. SMCI will thus need to manage working capital efficiently and ensure that it does not overbuild older generation racks." In addition, the analyst said, in the fiscal fourth quarter a major new customer had specification changes that delayed revenue recognition. Management also highlighted a constraint on capital that limited Super Micro's ability to scale production in that quarter The analyst's fiscal 2026 revenue forecasts moved higher to $33.1 billion, in line with the company's outlook, but Bhattacharya also sees competitor Dell Technologies () gaining market share in AI servers. JP Morgan analyst Samik Chatterjee lowered the investment firm's price target on Super Micro to $45 from $46 and maintained a neutral rating on the shares, according to The Fly. .The company's fiscal Q4 results missed expectations due to capital constraints and customer indecision, Chatterjee said. The firm said the quarter was another example of Super Micro's execution falling short of management's tweak Super Micro stock price target after earnings first appeared on TheStreet on Aug 6, 2025 This story was originally reported by TheStreet on Aug 6, 2025, where it first appeared. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
an hour ago
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Will Coca-Cola's Coffee Bet Perk Up Its Global Beverage Sales?
The Coca-Cola Company's KO long-standing ambition to break into the global coffee segment remains a work in progress. The company's acquisition of Costa aimed to unlock multiple verticals, including store-based retail, ready-to-drink (RTD) formats and at-home coffee experiences. While the Costa brand has shown strength in-store, particularly in the U.K., its broader expansion into RTD and vending solutions has not delivered at the pace the company had acknowledged that the investment hypothesis has not fully materialized, with much of Costa's growth still concentrated in physical locations rather than diversified said, Coca-Cola is not backing off on the coffee opportunity. With the category being large, fragmented and still growing globally, the company is reassessing its strategy. Management emphasized the importance of reflecting on past learnings and exploring avenues for expansion. Despite underperformance relative to expectations, Costa remains a profitable and strategically important brand. Coca-Cola has focused on affordability, store refreshment and speed of service to stabilize Costa's performance while it works on longer-term transformation ahead, KO is likely to pursue a more measured and insight-driven approach to coffee. With the beverage giant already boasting $30-billion brands and a deep innovation pipeline, Costa's transformation will hinge on its ability to tap into global consumption trends and leverage Coca-Cola's system capabilities. While the coffee bet has not perked up global sales meaningfully, it remains a strategic growth lever with untapped potential if execution aligns with evolving consumer behavior. KO's Peers Deepen Coffee Ambitions: PEP & KDP Step Up Their Game Apart from Coca-Cola, PepsiCo Inc. PEP and Keurig Dr Pepper Inc. KDP have been steadily brewing their presence in the global coffee arena, each leveraging unique brand partnerships and distribution strengths to tap into the high-growth coffee presence remains limited, with no direct updates in its second-quarter 2025 remarks regarding new coffee-specific products or partnerships. While PEP continues to see strong growth across segments like zero-sugar sodas, functional hydration and prebiotic beverages like poppi, coffee is not yet a core focus. However, with an emphasis on expanding in fast-growing beverage categories and improving channel presence, PepsiCo can still explore selective coffee innovations or partnerships in the Dr Pepper's coffee business showed sequential improvement in second-quarter 2025, led by better pod pricing and resilient volume trends. While brewer shipments remained pressured due to tight retailer inventory, point-of-sale consumption was stable. The company is expanding into premium and cold segments, with Lavazza dessert-inspired K-Cups and La Colombe RTD coffee gaining traction. Though near-term performance faces cost and tariff headwinds, KDP remains focused on long-term growth via innovation and next-gen systems. The Zacks Rundown for Coca-Cola KO shares have risen 10.9% year to date compared with the industry's growth of 3.7%. Image Source: Zacks Investment Research From a valuation standpoint, Coca-Cola trades at a forward price-to-earnings ratio of 22.11X, significantly higher than the industry's 17.39X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for KO's 2025 and 2026 earnings implies year-over-year growth of 3.1% and 8.3%, respectively. Earnings estimates for 2025 have been unchanged in the past 30 days. Image Source: Zacks Investment Research Coca-Cola currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CocaCola Company (The) (KO) : Free Stock Analysis Report PepsiCo, Inc. (PEP) : Free Stock Analysis Report Keurig Dr Pepper, Inc (KDP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
