NeuralBase to Change Name to BMP AI Technologies Inc. Reflecting Evolving Business Strategy and Technological Vision
The new name - BMP, standing for Bold, Modern, and Predictive - underscores the Company's renewed focus on delivering next-generation AI solutions across key commercial sectors, including enterprise SaaS, intelligent automation, and data-driven decision-making tools.
'This name change marks an important milestone in our transformation,' said Vighnesh Dobale, Chief Executive Officer of NBBI. 'As we continue to invest in scalable and adaptive AI platforms, we believe the new identity, BMP AI Technologies Inc., more accurately captures the spirit of innovation and the advanced capabilities we're bringing to the market.'
The transition aligns with recent corporate developments, partnerships, and technology upgrades introduced by the Company over the past several months, each geared toward increasing operational intelligence and automation for businesses. Management believes that this new identity will resonate more strongly with clients, partners, and investors alike, and positions the Company for long-term success as an AI-driven technology leader.
The name change is expected to become effective upon completion of required corporate and regulatory procedures. The Company's ticker symbol, NBBI, will remain unchanged at this time. Shareholders will not be required to take any action in connection with the change, and the Company will continue to operate without interruption.
Further updates, including a refreshed corporate website and branding assets, will be announced in the coming weeks.
Additional information about the Company is available at www.neuralbase.ai or by visiting www.sec.gov.
About NEURALBASE AI LTD.
NeuralBase AI Ltd. (OTC: NBBI) is an AI company developing secure, scalable, and context-aware conversational agents and workflow automation systems. Through its BMP AI platform - now in beta testing - the company enables organizations to streamline internal operations, enhance team collaboration, and increase productivity while maintaining strict compliance and data integrity.
Legal Disclaimer and Forward-Looking Statements
This press release contains forward-looking statements as defined under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on current expectations, estimates, projections, and assumptions made by NeuralBase AI Ltd. (the 'Company' or 'NBBI') in light of experience, current conditions, anticipated future developments, and other factors. Forward-looking statements may include words such as 'aims,' 'anticipates,' 'believes,' 'plans,' 'expects,' 'intends,' 'will,' 'may,' 'could,' 'should,' and similar expressions.
These statements relate to, among other things, the expected performance and capabilities of the BMP AI platform; the Company's ability to successfully complete product development, enter commercial deployment, or scale its technology; future revenues and market expansion; and general strategic direction. All such statements are inherently uncertain and involve a number of risks that could cause actual results to differ materially from those expressed or implied in any forward-looking statement.
NeuralBase AI Ltd. is a fully reporting company with the U.S. Securities and Exchange Commission (SEC) and files annual and quarterly reports, current reports, and other required disclosures. All public filings and disclosures may be reviewed at the SEC's EDGAR database at www.sec.gov. The Company trades on the OTC Markets under the ticker symbol NBBI.
This press release is not, and should not be construed as, an offer to sell or a solicitation of an offer to buy any securities of NeuralBase AI Ltd. in the United States or in any other jurisdiction. Offers and sales of securities, if any, will be made only pursuant to an effective registration statement or valid exemption under the U.S. Securities Act of 1933, as amended.
Investing in securities traded on the OTC Markets involves significant risk, including potential loss of principal, low liquidity, high volatility, and limited publicly available information. Shares traded on the OTC Markets may be more susceptible to market manipulation or price swings. Investors are strongly advised to conduct their own due diligence, consult a qualified investment advisor, and carefully review all SEC filings prior to making any investment decision.
Media Contact:
Vighnesh Dobale
Chief Executive Officer
[email protected]
(727) 314-3717
View the original release on www.newmediawire.com
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49 - 49 - Purchase of Other Fixed Assets (23 ) (18 ) (89 ) (41 ) (120 ) Cash Paid for Right-of-Use Assets (111 ) (113 ) (125 ) (224 ) (251 ) Net Cash Used In Investing Activities (450 ) (2,762 ) (13,416 ) (3,212 ) (30,514 ) Cash Flows from Financing Activities: Borrowings on Credit Facility 3,000 - - 3,000 3,950 Proceeds from Promissory Note - Related Party 2,000 - - 2,000 5,000 Proceeds from Rights Offering, net of transaction costs - - 20,512 - 20,512 Principal Payments of Debt (200 ) (21 ) (157 ) (221 ) (218 ) Net Proceeds from Warrant Exercise - - 629 - 629 Net Cash Provided By (Used In) Financing Activities 4,800 (21 ) 20,984 4,779 29,873 Net Change in Cash 1,212 (1,170 ) 5,767 42 1,465 Cash - Beginning of Period 1,081 2,251 3,491 2,251 7,793 Expand Empire Petroleum Corporation Non-GAAP Information Certain financial information included in Empire's financial results are not measures of financial performance recognized by accounting principles generally accepted in the United States, or GAAP. These non-GAAP financial measures include 'Adjusted Net Loss', 'EBITDA' and 'Adjusted EBITDA'. These disclosures may not be viewed as a substitute for results determined in accordance with GAAP and are not necessarily comparable to non-GAAP performance measures which may be reported by other companies. Adjusted net loss is presented because the timing and amount of these items cannot be reasonably estimated and affect the comparability of operating results from period to period, and current periods to prior periods. The Company defines adjusted EBITDA as net loss plus net interest expense, DD&A, accretion, amortization of right of use assets, income tax provision (benefit), and other adjustments. Company management believes this presentation is relevant and useful because it helps investors understand Empire's operating performance and makes it easier to compare its results with those of other companies that have different financing, capital and tax structures. Adjusted EBITDA should not be considered in isolation from or as a substitute for net income (loss), as an indication of operating performance or cash flows from operating activities or as a measure of liquidity. In addition, adjusted EBITDA does not represent funds available for discretionary use.
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Croom Chief Financial Officer Fiscal Year 2026 Guidance Net sales of $1,350 - $1,450 million, a 2% to 9% decrease compared to fiscal 2025 Adjusted operating income of 4.0% - 4.25% of net sales, compared to 4.1% of net sales in fiscal 2025 Capital expenditures of $50 - $60 million Forward-Looking Statements Certain statements contained within this release are considered forward-looking, including our guidance, under the Private Securities Litigation Reform Act of 1995. The statements may be identified by the use of words such as 'expect,' 'should,' 'goal,' 'predict,' 'will,' 'future,' 'optimistic,' 'confident,' and 'believe.' Undue reliance should not be placed on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from our expectations and projections. These forward-looking statements are subject to risks and uncertainties including, without limitation, global economic conditions, geopolitical environment and conflicts such as the war in Ukraine, global health emergencies, availability or cost of raw materials and components, tariffs and other trade barriers, foreign exchange rate fluctuations, and our ability to convert new business opportunities into customers and revenue. Additional cautionary statements regarding other risk factors that could have an effect on the future performance of the company are contained in its Annual Report on Form 10-K for the year ended June 30, 2024. Non-GAAP Financial Measures This press release contains non-GAAP financial measures. The non-GAAP financial measures contained herein include constant currency growth, net sales excluding Automation, Test & Measurement, adjusted selling and administrative expenses, adjusted operating income, adjusted net income, adjusted diluted EPS, and ROIC. Reconciliations of the reported GAAP numbers to these non-GAAP financial measures are included in the Reconciliation of Non-GAAP Financial Measures section below. Management believes these measures are useful and allow investors to meaningfully trend, analyze, and benchmark the performance of the company's core operations. The company's non-GAAP financial measures are not necessarily comparable to non-GAAP information used by other companies. About Kimball Electronics, Inc. Kimball Electronics is a global, multifaceted manufacturer offering Electronics Manufacturing Services (EMS) and Contract Manufacturing Organization (CMO) solutions to customers around the world. From our operations in the United States, China, Mexico, Poland, Romania, and Thailand, our teams are proud to provide manufacturing services for a variety of industries. Recognized for a reputation of excellence, we are committed to a high-performance culture that values quality, reliability, value, speed, and ethical behavior. Kimball Electronics, Inc. (Nasdaq: KE) is headquartered in Jasper, Indiana. To learn more about Kimball Electronics, visit Lasting relationships. Global success. Financial highlights for the fourth quarter and fiscal year ended June 30, 2025 are as follows: Condensed Consolidated Statements of Income (Unaudited) Three Months Ended (Amounts in Thousands, except Per Share Data) June 30, 2025 June 30, 2024 Net Sales $ 380,472 100.0 % $ 430,158 100.0 % Cost of Sales 349,991 92.0 % 393,420 91.5 % Gross Profit 30,481 8.0 % 36,738 8.5 % Selling and Administrative Expenses 13,163 3.5 % 15,890 3.6 % Restructuring Expense 1,971 0.5 % 764 0.2 % Asset Impairment (Gain on Disposal) (1,127 ) (0.3 )% 476 0.1 % Operating Income 16,474 4.3 % 19,608 4.6 % Interest Income 196 0.1 % 155 — % Interest Expense (2,776 ) (0.7 )% (5,380 ) (1.3 )% Non-Operating Income (Expense), net (1,177 ) (0.4 )% (918 ) (0.2 )% Other Income (Expense), net (3,757 ) (1.0 )% (6,143 ) (1.5 )% Income Before Taxes on Income 12,717 3.3 % 13,465 3.1 % Provision for Income Taxes 6,136 1.6 % 5,922 1.3 % Net Income $ 6,581 1.7 % $ 7,543 1.8 % Earnings Per Share of Common Stock: Basic $ 0.27 $ 0.30 Diluted $ 0.26 $ 0.30 Average Number of Shares Outstanding: Basic 24,552 25,064 Diluted 24,840 25,246 Expand (Unaudited) Fiscal Year Ended (Amounts in Thousands, except Per Share Data) June 30, 2025 June 30, 2024 Net Sales $ 1,486,727 100.0 % $ 1,714,510 100.0 % Cost of Sales 1,382,323 93.0 % 1,574,253 91.8 % Gross Profit 104,404 7.0 % 140,257 8.2 % Selling and Administrative Expenses 50,270 3.4 % 66,626 4.0 % Other General Expense (Income) — — % (892 ) (0.1 )% Restructuring Expense 10,990 0.7 % 2,386 0.1 % Goodwill Impairment — — % 5,820 0.3 % Asset Impairment (Gain on Disposal) (2,391 ) (0.2 )% 17,040 1.0 % Operating Income 45,535 3.1 % 49,277 2.9 % Interest Income 771 0.1 % 638 — % Interest Expense (14,745 ) (1.0 )% (22,839 ) (1.3 )% Non-Operating Income (Expense), net (5,332 ) (0.4 )% (1,877 ) — % Other Income (Expense), net (19,306 ) (1.3 )% (24,078 ) (1.4 )% Income Before Taxes on Income 26,229 1.8 % 25,199 1.5 % Provision for Income Taxes 9,245 0.7 % 4,688 0.3 % Net Income $ 16,984 1.1 % $ 20,511 1.2 % Earnings Per Share of Common Stock: Basic $ 0.68 $ 0.82 Diluted $ 0.68 $ 0.81 Average Number of Shares Outstanding: Basic 24,782 25,079 Diluted 25,017 25,278 Expand Condensed Consolidated Statements of Cash Flows Fiscal Year Ended (Unaudited) June 30, (Amounts in Thousands) 2025 2024 Net Cash Flow provided by Operating Activities $ 183,937 $ 73,217 Net Cash Flow used for Investing Activities (14,700 ) (46,521 ) Net Cash Flow (used for) provided by Financing Activities (160,874 ) 8,974 Effect of Exchange Rate Change on Cash, Cash Equivalents, and Restricted Cash 2,325 (755 ) Net Increase in Cash, Cash Equivalents, and Restricted Cash 10,688 34,915 Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 78,779 43,864 Cash, Cash Equivalents, and Restricted Cash at End of Period $ 89,467 $ 78,779 Expand (Unaudited) Condensed Consolidated Balance Sheets June 30, 2025 June 30, 2024 (Amounts in Thousands) ASSETS Cash and cash equivalents $ 88,781 $ 77,965 Receivables, net 222,623 282,336 Contract assets 71,812 76,320 Inventories 273,500 338,116 Prepaid expenses and other current assets 36,027 44,682 Assets held for sale 6,861 27,587 Property and Equipment, net 264,804 269,659 Goodwill 6,191 6,191 Other Intangible Assets, net 2,427 2,994 Other Assets, net 104,286 82,069 Total Assets $ 1,077,312 $ 1,207,919 LIABILITIES AND SHARE OWNERS ' EQUITY Current portion of long-term debt $ 17,400 $ 59,837 Accounts payable 218,805 213,551 Advances from customers 35,867 30,151 Accrued expenses 46,489 63,189 Liabilities held for sale — 8,594 Long-term debt, less current portion 129,650 235,000 Long-term income taxes payable — 3,255 Other long-term liabilities 59,217 53,881 Share Owners' Equity 569,884 540,461 Total Liabilities and Share Owners' Equity $ 1,077,312 $ 1,207,919 Expand Other Financial Metrics (Unaudited) (Amounts in Millions, except CCD) At or For the Three Months Ended June 30, March 31, June 30, 2025 2025 2024 Depreciation and Amortization $ 9.6 $ 9.2 $ 9.5 Cash Conversion Days (CCD) (1) 85 99 100 Open Orders (2) $ 702 $ 642 $ 714 Expand (1) Cash Conversion Days ('CCD') are calculated as the sum of Days Sales Outstanding plus Contract Asset Days plus Production Days Supply on Hand less Accounts Payable Days and less Advances from Customers Days. CCD, or a similar metric, is used in our industry and by our management to measure the efficiency of managing working capital. (2) Open Orders are the aggregate sales price of production pursuant to unfulfilled customer orders. Expand Select Financial Results of Automation, Test and Measurement (Unaudited) (Amounts in Millions) Three Months Ended Fiscal Year Ended June 30, June 30, 2025 2024 2025 2024 Net Sales $ — $ 14.8 $ 2.1 $ 45.7 Operating Income (Loss) (1) $ 1.1 $ 2.0 $ 2.0 $ (22.2 ) Expand (1) Includes gain on sale of $1.1 million for the three months ended June 30, 2025 and $2.4 million for fiscal year 2025 following the close of the sale on July 31, 2024. Includes goodwill impairment of $5.8 million and asset impairment of $17.0 million for the year ended June 30, 2024. Each period also includes allocated corporate overhead expenses. Expand Reconciliation of Non-GAAP Financial Measures (Unaudited, Amounts in Thousands, except Per Share Data) Three Months Ended Fiscal Year Ended June 30, June 30, 2025 2024 2025 2024 Net Sales Growth (vs. same period in prior year) (12 )% (13 )% (13 )% (6 )% Foreign Currency Exchange Impact 1 % — % 1 % — % Constant Currency Growth (13 )% (13 )% (14 )% (6 )% Selling and Administrative Expenses, as reported $ 13,163 $ 15,890 $ 50,270 $ 66,626 Stock Compensation Expense (1,991 ) (1,750 ) (6,519 ) (7,185 ) SERP (329 ) (96 ) (614 ) (680 ) Adjusted Selling and Administrative Expenses $ 10,843 $ 14,044 $ 43,137 $ 58,761 Operating Income, as reported $ 16,474 $ 19,608 $ 45,535 $ 49,277 Stock Compensation Expense 1,991 1,750 6,519 7,185 SERP 329 96 614 680 Legal Settlements (Recovery) — — — (892 ) Restructuring Expense 1,971 764 10,990 2,386 Goodwill Impairment — — — 5,820 Asset Impairment (Gain on Disposal) (1,127 ) 476 (2,391 ) 17,040 Adjusted Operating Income $ 19,638 $ 22,694 $ 61,267 $ 81,496 Net Income, as reported $ 6,581 $ 7,543 $ 16,984 $ 20,511 Stock Compensation Expense, After-Tax 1,510 1,327 4,944 5,449 Legal Settlements (Recovery), After-Tax — — — (676 ) Restructuring Expense, After-Tax 1,474 580 8,314 1,810 Goodwill Impairment, After-Tax — — — 4,414 Asset Impairment (Gain on Disposal), After-Tax (1,127 ) 238 (2,086 ) 9,787 Adjusted Net Income $ 8,438 $ 9,688 $ 28,156 $ 41,295 Diluted Earnings per Share, as reported $ 0.26 $ 0.30 $ 0.68 $ 0.81 Stock Compensation Expense 0.06 0.05 0.19 0.22 Legal Settlements (Recovery) — — — (0.03 ) Restructuring Expense 0.06 0.02 0.33 0.07 Goodwill Impairment — — — 0.18 Asset Impairment (Gain on Disposal) (0.04 ) 0.01 (0.08 ) 0.39 Adjusted Diluted Earnings per Share $ 0.34 $ 0.38 $ 1.12 $ 1.64 Fiscal Year Ended June 30, 2025 2024 Operating Income $ 45,535 $ 49,277 Goodwill Impairment — 5,820 SERP 614 680 Restructuring Expense 10,990 2,386 Asset Impairment (Gain on Disposal) (2,391 ) 17,040 Legal Settlements (Recovery) — (892 ) Stock Compensation Expense 6,519 7,185 Adjusted Operating Income (non-GAAP) $ 61,267 $ 81,496 Tax Effect 24,508 17,297 After-tax Adjusted Operating Income $ 36,759 $ 64,199 Average Invested Capital (1) $ 693,144 $ 782,093 ROIC 5.3 % 8.2 % Expand (1) Average invested capital is computed using Share Owners' equity plus current and non-current debt less cash and cash equivalents averaged for the last five quarters. 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