CVR: Q1 Earnings Snapshot
The Sugar Land, Texas-based company said it had a loss of $1.22 per share. Losses, adjusted for non-recurring costs, were 58 cents per share.
The diversified holding company posted revenue of $1.65 billion in the period.
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Digital Trends
a few seconds ago
- Digital Trends
At last, a humanoid robot masters the chore we all hate
A couple of weeks ago, we watched in awe as Figure's humanoid robot grabbed clothes from a laundry basket before deftly depositing them in a washer. It was all very impressive. In a follow-up that offers a glimpse of a future where humans can finally ignore this wretched chore, Figure has shared another video showing the same robot folding freshly washed towels before placing them in a pile. Today we unveiled the first humanoid robot that can fold laundry autonomously Same exact Helix architecture, only new data — Figure (@Figure_robot) August 12, 2025 The California-based tech company said it's the first humanoid robot capable of folding laundry 'fully autonomously,' a statement that will surely cause millions of people around the world to call out at once: 'So where can I get one?' Well, more on that later. Recommended Videos To conduct the process, Figure 02 uses the same Helix Vision Language Action (VLA) model that the company has already deployed for industrial logistics tasks, but now with a new dataset for laundry folding. To be clear, the robot performs the laundry task without teleoperation or specialized hand-coded instructions, relying instead on an end-to-end neural network. As you can see, the robot uses multi-fingered hands to competently pick towels from a pile. It also performs different folding strategies, recovers from errors such as grabbing multiple towels at once, and carries out fine manipulations — just like a human. The video demonstrates real advances in one of the areas that robotics engineers still find extremely challenging: manipulation of objects, especially soft, flexible ones. Indeed, the robot's impressive ability to handle the humble towel looks like an exciting step toward such machines being able to cope with other non-rigid items, opening them up to a plethora of other tasks in a broader range of settings. 'Folding laundry sounds mundane for a person, but this is one of the most challenging dexterous manipulation tasks for a humanoid robot,' Figure said in a post on its website. 'Towels are deformable, constantly changing shape, bending unpredictably, and prone to wrinkling or tangling. There's no fixed geometry to memorize, and no single 'correct' grasp point. Even a slight slip of a finger can cause the material to bunch or fall. Success requires more than just seeing the world accurately — it demands fine, coordinated finger control to trace edges, pinch corners, smooth surfaces, and adapt in real time.' While Figure is currently focused on deploying its humanoid robot in industrial locations, it will — tantalizingly for all of those laundry haters out there — begin testing it in home settings this year. Figure has yet to mention pricing and other purchasing details for individual customers, so for the time being at least, the laundry will continue as a regular chore for most folks. But this humanoid robot certainly offers hope …
Yahoo
29 minutes ago
- Yahoo
Intuitive Machines Announces Upsize and Pricing of Private Offering of $300 Million of Convertible Senior Notes Due 2030
HOUSTON, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR) ('Intuitive Machines' or the 'Company'), a leading space exploration, infrastructure, and services company, announced today the pricing of $300.0 million aggregate principal amount of 2.500% convertible senior notes due 2030 (the 'Notes') in a private offering (the 'Notes Offering') to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the 'Securities Act'). Intuitive Machines also granted the initial purchasers of the Notes in the Notes Offering an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $45.0 million aggregate principal amount of Notes. The aggregate principal amount of the offering was increased from the previously announced offering size of $250.0 million (or $287.5 million if the initial purchasers exercise their option to purchase additional notes in full). The Notes Offering is expected to close on August 18, 2025, subject to customary closing conditions. Use of Proceeds: Intuitive Machines estimates that the net proceeds from the Notes Offering will be approximately $291.8 million (or approximately $335.5 million if the initial purchasers' option to purchase additional Notes is exercised in full), after deducting the initial purchasers' discounts and commissions, but before giving effect to estimated offering expenses payable by the Company. Intuitive Machines intends to use approximately $32.0 million of the net proceeds from the Notes Offering to pay the cost of the capped call transactions described below. Intuitive Machines intends to use the remaining net proceeds from the Notes Offering for general corporate purposes, including operations, research and development and potential acquisitions. If the initial purchasers exercise their option to purchase additional Notes, Intuitive Machines expects to use a portion of the net proceeds from the sale of the additional Notes to enter into additional capped call transactions with the option counterparties (as defined below), with the remainder of the net proceeds to be used for general corporate purposes, including operations, research and development and potential acquisitions. Additional Details of the Notes: The Notes will be senior, unsecured obligations of Intuitive Machines. The Notes will accrue interest at an annual rate of 2.500%, payable semiannually in arrears on April 1 and October 1 of each year, beginning on April 1, 2026. The Notes will mature on October 1, 2030, unless earlier converted, redeemed or repurchased. Prior to the close of business on the business day immediately preceding July 1, 2030, noteholders will have the right to convert their Notes only upon the satisfaction of specified conditions and during certain periods. On or after July 1, 2030, and until the close of business on the second scheduled trading day immediately preceding July 1, 2030, noteholders may convert their Notes at any time regardless of these conditions. The initial conversion rate will be 76.2631 shares of Intuitive Machines' Class A common stock per $1,000 principal amount of Notes (equivalent to an initial conversion price of approximately $13.1125 per share of Intuitive Machines' Class A common stock, which represents a premium of approximately 25.0% over the last reported sale price of $10.49 per share of Intuitive Machines' Class A common stock on the Nasdaq Global Market on August 13, 2025). The conversion rate and conversion price will be subject to adjustment upon the occurrence of certain events. In addition, upon certain corporate events or upon a notice of redemption (as described below), Intuitive Machines will, under certain circumstances, increase the conversion rate for Noteholders who convert Notes in connection with such a corporate event or notice of redemption. Intuitive Machines will settle conversions of Notes by paying or delivering, as the case may be, cash, shares of Intuitive Machines' Class A common stock, or a combination thereof, at Intuitive Machines' election. The Notes will not be redeemable at Intuitive Machines' option prior to October 6, 2028. Intuitive Machines may, at its option, redeem all or any portion of the Notes for cash on or after October 6, 2028 and prior to the 26th trading day immediately preceding the maturity date, but only if the last reported sale price per share of Intuitive Machines' Class A common stock equals or exceeds 130% of the conversion price for a specified period of time and certain liquidity and other conditions have been satisfied. The redemption price will be equal to the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. Noteholders will have the right, subject to certain conditions and exceptions described in the indenture governing the Notes (the 'indenture'), to require Intuitive Machines to repurchase for cash all or a portion of their Notes upon the occurrence of a 'fundamental change' (as defined in the indenture) at a repurchase price of 100% of their principal amount plus accrued and unpaid interest, if any, to, but excluding, the relevant repurchase date. Capped Call Transactions: In connection with the pricing of the Notes, Intuitive Machines entered into privately negotiated capped call transactions with certain financial institutions (the 'option counterparties'). The capped call transactions cover, subject to customary adjustments, the number of shares of Intuitive Machines' Class A common stock initially underlying the Notes. The capped call transactions are expected generally to reduce the potential dilution to Intuitive Machines' Class A common stock upon any conversion of Notes and/or offset any cash payments Intuitive Machines is required to make in excess of the principal amount of converted Notes, as the case may be, with such reduction and/or offset subject to a cap. The cap price of the capped call transactions is initially $20.9800 per share, which represents a premium of 100% over the last reported sale price of Intuitive Machines' Class A common stock of $10.49 per share on the Nasdaq Global Market on August 13, 2025, and is subject to certain adjustments under the terms of the capped call transactions. Intuitive Machines has been advised that in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions with respect to Intuitive Machines' Class A common stock and/or purchase shares of Intuitive Machines' Class A common stock concurrently with or shortly after the pricing of the Notes. This activity could increase (or reduce the size of any decrease in) the market price of Intuitive Machines' Class A common stock or the Notes at that time. In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Intuitive Machines' Class A common stock and/or purchasing or selling Intuitive Machines' Class A common stock or other securities of Intuitive Machines in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and are likely to do so during the 25 trading day period beginning on the 26th scheduled trading day prior to the maturity date of the Notes, or, to the extent Intuitive Machines exercises the relevant termination election under the capped call transactions, following any repurchase, redemption or conversion of the Notes). This activity could also cause or avoid an increase or a decrease in the market price of Intuitive Machines' Class A common stock or the Notes, which could affect a noteholder's ability to convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of Notes, it could affect the number of shares of Class A common stock, if any, and value of the consideration that a noteholder will receive upon conversion of its Notes. Notices The Notes are only being offered and will only be sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act in a private offering. Neither the Notes nor the shares of Intuitive Machines' Class A common stock issuable upon conversion of the Notes, if any, have been, or will be, registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes or shares of Intuitive Machines' Class A common stock issuable upon conversion of the Notes in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Intuitive Machines Intuitive Machines is a diversified space technology, infrastructure, and services company focused on fundamentally disrupting lunar access economics. In 2024, Intuitive Machines successfully soft-landed the Company's Nova-C class lunar lander, on the Moon, returning the United States to the lunar surface for the first time since 1972. In 2025, Intuitive Machines returned to the lunar south pole with a second lander. The Company's products and services are focused through three pillars of space commercialization: Delivery Services, Data Transmission Services, and Infrastructure as a Service. Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matters of historical fact should be considered forward-looking. These forward-looking statements generally are identified by the words such as 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'strive,' 'would,' 'strategy,' 'outlook,' the negative of these words or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include but are not limited to statements regarding: our anticipated use of net proceeds from the Notes Offering and the satisfaction of closing conditions related to the Notes Offering. These forward-looking statements reflect the Company's predictions, projections, or expectations based upon currently available information and data. Our actual results, performance or achievements may differ materially from those expressed or implied by the forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others, uncertainties related to the completion of the Notes Offering and capped call transactions, including risks related to the satisfaction of the closing conditions for the sale of the Notes, and other risks described in the Company's other public filings and press releases other factors detailed under the section titled Part I, Item 1A. 'Risk Factors' of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC, the section titled Part I, Item 2. 'Management's Discussion and Analysis of Financial Condition and Results of Operations' and the section titled Part II. Item 1A. 'Risk Factors' in our most recently filed Quarterly Report on Form 10-Q, our Current Reports on Form 8-K and in our subsequent filings with the SEC, which are accessible on the SEC's website at and the Investors section of our website at These forward-looking statements are based on information available as of the date of this press release and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. Contacts For investor inquiries:investors@ For media inquiries:press@ This press release was published by a CLEAR® Verified individual.
CBS News
31 minutes ago
- CBS News
Dallas begins first major zoning overhaul in decades to tackle housing affordability and reshape city growth
Across Dallas, housing affordability continues to be a real challenge. The city is now embarking on its first zoning reform in decades. City leaders aim to boost housing supply, support sustainable growth, and make the development process more transparent. They are currently reviewing what's working, what needs to change, and gathering public input. As part of her "Key to the City: How Zoning Shapes Our World" book tour, author and zoning expert Sara Bronin is partnering with the Dallas Housing Coalition to share her thoughts. She points out that single-family zoning is currently the dominant land-use type in Dallas. "Zoning dictates what can be built where, so it will say, for example, that you can only build a single-family home in this neighborhood or that you can only build a factory in that neighborhood," she said. "My thought about zoning is that we should try and make it more flexible and more open." Bronin said if more single-family residential areas were zoned for multi-family housing, such as duplexes and townhomes, it would open up more options for families. "It does seem like the planners in the city and many people around them are united in recognizing that zoning is not doing enough for Dallas and helping Dallas plan for its future," she said. Andrew Warren attended the event, interested in how Dallas' zoning reform effort could expand housing options. "I got married four years ago and my wife and I moved into an apartment, and after we lived there about two years, our rent went up by $600 a month," he said. Like many Dallas renters, Warren and his wife want to put that money toward a mortgage, so they've been exploring their options. "You know the homes are so expensive right now that we've had to save for a while to have enough for a down payment, plus once we have enough for that, we don't want to move somewhere and pay twice as much," he said. "I know some of these zoning changes will probably take a while to start to see the impacts of those, but it is something that we need to do." Warren said he's hopeful future changes will one day benefit his family. Dallas residents can learn more and share their feedback online at
