AMD Unveils Next-Generation AMD RDNA™ 4 Architecture with the Launch of AMD Radeon™ RX 9000 Series Graphics Cards
– The new AMD Radeon™ RX 9000 Series graphics cards deliver enthusiast-level gaming experiences supercharged by AI –
Radeon RX 9000 Series Graphics Cards
SANTA CLARA, Calif., Feb. 28, 2025 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today unveiled the highly-anticipated AMD RDNA™ 4 graphics architecture with the launch of the AMD Radeon™ RX 9070 XT and RX 9070 graphics cards as a part of the Radeon™ RX 9000 Series. The new graphics cards feature 16GB of memory and extensive improvements designed for high-quality gaming graphics, including re-vamped raytracing accelerators and powerful AI accelerators for ultra-fast, cutting-edge performance, and breakthrough gaming experiences.
In a YouTube livestream, David McAfee, CVP and GM, Ryzen CPU and Radeon Graphics AMD, was joined by Andrej Zdravkovic, SVP of GPU Technologies and Engineering and Chief Software Officer, AMD, as well as Andy Pomianowski, CVP of Silicon Design Engineering, AMD, to discuss the outstanding performance and value proposition of the Radeon RX 9000 Series. In a related event in Zhuhai, China, Jack Huynh, SVP of the Client and Graphics Group, AMD, led a regional event for the new products. Huynh was joined by David Wang, SVP of GPU Technology and Engineering, AMD, and Lanzhi Wang, Senior Director of Product Management, AMD. The celebration was also marked by a customer celebration with Darren Grasby, EVP and Chief Sales Officer, AMD; Spencer Pan, President of AMD China, and partners including Asrock, ASUS, Gigabyte, Sapphire, Tul, Vastarmor, Veston, and XFX.
"Today, we're thrilled to unveil the AMD Radeon™ RX 9000 Series, a significant leap forward in graphics performance powered by our next-generation AMD RDNA™ 4 architecture," said McAfee. "These GPUs are designed to meet the demands of today's games, delivering enthusiast-class gaming experiences to gamers everywhere, while ready to support tomorrow's innovations. Through the power of advanced AI and Raytracing accelerators, we're not just improving frame rates – we're fundamentally enhancing the gaming experience. Offering incredible performance, AI-powered features, and next-gen display support at competitive price points, the Radeon RX 9000 Series delivers exceptional value for gamers looking to upgrade their systems.'
The RX 9000 Series, powered by the new AMD RDNA™ 4 architecture, offers gamers and creators a powerful blend of performance, visuals, and value. These advanced graphics cards redefine incredibly fast, high-resolution gaming with third-generation raytracing technology enabling realistic lighting, shadows, and reflections to deliver immersive gaming experiences while integrating a suite of AMD features to maximize hardware utilization. Beyond gaming, the RX 9000 Series GPUs leverage new second-generation AI accelerators with up to 8x INT8 throughput per AI accelerator (for sparse matrices) to enhance creative applications and effectively run generative AI applications (vs. RDNA 3).1 The RX 9000 Series GPUs also implement the newly redesigned AMD Radiance Display™ Engine & Enhanced Media Engine for broad display support and elevated quality in both recording and streaming.
Gaming For Today and TomorrowThe Radeon RX 9000 Series unlocks new levels of performance while delivering a suite of new and enhanced features that improve the gaming experience. The Radeon RX 9070 Series offers 16GB of GDDR6 memory, allowing gamers to render the most exciting games of today and tomorrow at max settings. Compared to the previous generation RX 7900 GRE, the latest AMD Radeon RX 9070 is able to deliver over 20% more performance on average when gaming at 1440,2 with the AMD Radeon RX 9070 XT extending that lead to over 40% on average.3
Both graphics cards make smart upgrades for gamers looking to future-proof their systems with a suite of next-gen features that will keep their experiences feeling fresh for years to come. Key features include:
Unified AMD RDNA™ 4 Compute Units – Features up to 64 advanced AMD RDNA™ 4 compute units delivering up to 40% higher gaming performance than the previous-generation AMD RDNA™ 3 architecture.3
High-Performance Raytracing – With 3rd generation Raytracing Accelerators, AMD RDNA 4 is able to deliver over 2x the Raytracing throughput per compute unit when compared to our previous generation.1 Gamers with the latest AMD Radeon RX 9000 Series are ready for immersive gaming experiences with high-quality graphics, including realistic lighting, shadows, and reflections.
Supercharged AI Acceleration – 2nd Generation AI Accelerators received several enhancements, allowing AMD RDNA™ 4 to efficiently process advanced AI models much faster than what was possible with RDNA 3,4 through a combination of additional math pipelines for AI calculations, expanding the capabilities of the AI Accelerator to support new emerging data types such as FP8, and support for inference optimization techniques such as structured sparsity. These changes deliver up to 8x INT8 throughput per AI accelerator (for sparse matrices) per compute unit vs the previous generation.1
AMD FidelityFX™ Super Resolution Technology 4 (FSR 4) – AMD's new cutting-edge ML-powered upscaling technology delivers high-quality boosted frames under even the most demanding workloads, such as 4K gaming with maximum raytracing settings and will be supported in over 30 games at launch.
Innovative suite of features through HYPR-RX – Gamers can instantly improve their experience by activating AMD HYPR-RX and the suite of features within AMD Software, including AMD Radeon™ Super Resolution, AMD Fluid Motion Frames 2.1, AMD Radeon™ Anti-Lag, and AMD Radeon™ Boost. These features can all be tailored to gamers' hardware and preferences within AMD Software: Adrenalin Edition™ to drive increased FPS, responsiveness and efficiency.
AI-Enhanced AMD Software: Adrenalin Edition™ Application – A new suite of software and resources designed to deliver an industry-leading AI user experience with AMD Radeon RX 9070 Series graphics cards. Keep your drivers and AI software up to date with the new Software Manager. Find the answers to your questions about all things AMD or create free and private text and images with AMD Chat. Discover, download and install new and exciting AMD-partnered AI applications with the App Portal, and leverage AI to improve software quality with the AMD Image Inspector.
Ready for Next-Generation Displays – AMD Radiance Display™ Engine supports the latest DisplayPort™ 2.1a and HDMI® 2.1b connections, enabling ultra-high resolutions and refresh rates up to 8K 144Hz, with 12-bit HDR and full REC2020 Color Space for incredible color accuracy. Paired with AMD FreeSync™ technology, gamers can enjoy tear-free, stutter-free gaming experiences on over 4000 compatible displays, including upcoming 4K 240Hz and 8K 144Hz DisplayPort™ 2.1 monitors.5
ML-Powered AMD FidelityFX™ Super Resolution 4 (AMD FSR 4) Upgrade
Available exclusively on AMD Radeon™ RX 9000 Series graphics cards, AMD Software: Adrenalin Edition™ adds a new easy-to-use AMD FidelityFX™ Super Resolution 4 (AMD FSR 4) Upgrade feature that helps maximize performance at maximum quality in over 30 games at launch, with 75 coming later this year. AMD FSR 4 delivers a substantial image quality improvement over AMD FSR 3.1 upscaling, with the new ML-based algorithm helping to improve temporal stability, better preserve detail, and reduce ghosting.
Utilizing features already built into the AMD FidelityFX™ API added when game developers integrate AMD FSR 3.1 into their games, AMD FSR 4 enables an easy upgrade for supported FSR 3.1 games and can be combined with existing in-game AMD FSR 3.1 advanced frame-generation and AMD Radeon™ Anti-Lag 2 for ultra-smooth, ultra-responsive gaming at incredible frame rates on AMD Radeon RX 9070 Series graphics cards.
The new ML-accelerated AMD FSR 4 upscaling algorithm is trained using high-quality ground truth game data on AMD Instinct™ Accelerators and uses the hardware-accelerated FP8 Wave Matrix Multiply Accumulate (WMMA) feature of the AMD RDNA™ 4 architecture to ensure maximum upscaling quality while still providing a substantial game performance boost.
AMD Radeon RX 9000 Series Product Specifications
Model
Compute Units
GDDR6
Game Clock (GHz)
Boost Clock6 (GHz)
Memory Interface
Infinity Cache
TBP
Price(USD SEP)
AMD Radeon RX 9070 XT
64
16 GB
2.4
Up to 3.0
256-bit
64 MB
304W
$599
AMD Radeon RX 9070
56
16 GB
2.1
Up to 2.5
256-bit
64 MB
220W
$549
Pricing and Availability AMD Radeon RX 9000 Series graphics cards are expected to be available from leading board partners including Acer, ASRock, ASUS, Gigabyte, PowerColor, Sapphire, Vastarmor, XFX and Yeston beginning March 6th, 2025. The AMD Radeon RX 9070 XT has an SEP of $599 USD, while the AMD Radeon RX 9070 has an SEP of $549 USD.
Supporting Resources
Learn more AMD Radeon Graphics cards here
Learn about RDNA 4 here
Learn more about AMD FidelityFX Super Resolution here
Follow AMD on LinkedIn
Follow AMD on X
About AMDFor more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn and X pages.
Cautionary Statement This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the features, functionality, performance, availability, timing and expected benefits of AMD products including the AMD Radeon™ RX 9000 Series graphics cards, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as "would," "may," "expects," "believes," "plans," "intends," "projects" and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD's control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation's dominance of the microprocessor market and its aggressive business practices; Nvidia's dominance in the graphics processing unit market and its aggressive business practices; competitive markets in which AMD's products are sold; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; AMD's ability to introduce products on a timely basis with expected features and performance levels; loss of a significant customer; economic and market uncertainty; quarterly and seasonal sales patterns; AMD's ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD's products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD's products; AMD's ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD's products; AMD's reliance on third-party intellectual property to design and introduce new products; AMD's reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD's reliance on Microsoft and other software vendors' support to design and develop software to run on AMD's products; AMD's reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD's internal business processes and information systems; compatibility of AMD's products with some or all industry-standard software and hardware; costs related to defective products; efficiency of AMD's supply chain; AMD's ability to rely on third party supply-chain logistics functions; AMD's ability to effectively control sales of its products on the gray market; long-term impact of climate change on AMD's business; impact of government actions and regulations such as export regulations, tariffs and trade protection measures; AMD's ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD's notes, the guarantees of Xilinx's notes and the revolving credit agreement; impact of acquisitions, joint ventures and/or strategic investments on AMD's business and AMD's ability to integrate acquired businesses; our ability to complete the acquisition of ZT Systems; impact of any impairment of the combined company's assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD's ability to attract and retain qualified personnel; and AMD's stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD's Securities and Exchange Commission filings, including but not limited to AMD's most recent reports on Forms 10-K and 10-Q.
© 2025 Advanced Micro Devices, Inc. All rights reserved. AMD, the AMD Arrow logo, AMD Software: Adrenalin Edition, AMD RDNA, FidelityFX, Radeon, Ryzen, and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other product names used in this publication are for identification purposes only and may be trademarks of their respective owners. Certain AMD technologies may require third-party enablement or activation. Supported features may vary by operating system. Please confirm with the system manufacturer for specific features. No technology or product can be completely secure.
1 Based on specifications of AMD RDNA 4 architecture compared to AMD RDNA 3 architecture as of December 2024. RX-11432 Testing done by AMD performance labs February 2025, on a test system configured with Ryzen 7 9800X3D CPU, 32 GB DDR5-6000 Memory, Windows 11 Pro and Radeon RX 9070 (Driver 25.3.1 RC 31) vs. a similarly configured system with an RX 7900 GRE (Driver 25.3.1 RC31) comparing gaming performance at 4K in the following applications: Cyberpunk 2077 (DX12, Ultra), Cyberpunk 2077 (DX12, RT Ultra), Assassin's Creed Mirage (DX12, Ultra High), F1 24 (DX12, Ultra High), F1 24 (DX12, Ultra High RT), Starfield (DX12, Ultra), Far Cry 6 (DX12, Ultra), Far Cry 6 (DX12, Ultra RT), Forza Horizon 5 (DX12, Extreme), Forza Horizon 5 (DX12, RT Extreme), Watch Dogs Legion (DX12, Ultra), Watch Dogs Legion (DX12, RT Ultra), Horizon Forbidden West (DX12, Maxed), Horizon Zero Dawn Remastered (DX12, Maxed), God of War: Ragnarok (DX12, Ultra), Call of Duty: Black Ops 6 (DX12, Extreme), DOOM Eternal (Vulkan, Ultra Nightmare), DOOM Eternal (Vulkan, Ultra Nightmare RT), Total War: Warhammer 3 (DX11, Ultra), Dying Light 2 (DX12, High), Dying Light 2 (DX12, High Raytracing), Alan Wake 2 (DX12, High), Alan Wake 2 (DX12, High w/Med RT), Avatar: Frontiers of Pandora (DX12, Ultra), Hitman 3 (DX12, Ultra), Hitman 3 (DX12, Ultra RT), The Witcher 3 (DX12, Ultra+), The Witcher 3 (DX12, RT Ultra), Metro Exodus Enhanced Edition (DX12, Extreme), Black Myth: Wukong (DX12, Cinematic), Black Myth: Wukong (DX12, Cinematic RT) Baldur's Gate 3 (DX11, Ultra), Ghost of Tsushima (DX12, Very High), Star Wars Outlaws (DX12, Ultra RT), Warhammer 40,000: Space Marine 2 (DX12, Ultra), Control (DX12, High), Control (DX12, High RT), Dragon Age: The Veilguard (DX12, Ultra), Dragon Age: The Veilguard (DX12, Ultra RT), Resident Evil 4 (DX12, Max), Resident Evil 4 (DX12, Max RT), Marvel's Spider-Man 2 (DX12, Maxed), Marvel's Spiderman 2 (DX12, Maxed RT), Microsoft Flight Simulator 2024 (DX12, Ultra), The Last of Us: Part 1 (DX12, Ultra), S.T.A.L.K.E.R. 2: Heart of Chornobyl (DX12, Epic), Final Fantasy XVI Demo (DX12, Ultra). Testing conducted with latest game builds as of February 5, 2025 (Marvel's Spider-Man 2, Microsoft Flight Simulator 2024, The Last of Us: Part 1, and Forza Horizon 5 using latest builds as of February 14th, 2025). System manufacturers may vary configurations, yielding different results. RX-1176.3 Testing done by AMD performance labs February 2025, on a test system configured with Ryzen 7 9800X3D CPU, 32 GB DDR5-6000 Memory, Windows 11 Pro and Radeon RX 9070 XT (Driver 25.3.1 RC 31) vs. a similarly configured system with an RX 7900 GRE (Driver 25.3.1 RC31) comparing gaming performance at 4K in the following applications: Cyberpunk 2077 (DX12, Ultra), Cyberpunk 2077 (DX12, RT Ultra), Assassin's Creed Mirage (DX12, Ultra High), F1 24 (DX12, Ultra High), F1 24 (DX12, Ultra High RT), Starfield (DX12, Ultra), Far Cry 6 (DX12, Ultra), Far Cry 6 (DX12, Ultra RT), Forza Horizon 5 (DX12, Extreme), Forza Horizon 5 (DX12, RT Extreme), Watch Dogs Legion (DX12, Ultra), Watch Dogs Legion (DX12, RT Ultra), Horizon Forbidden West (DX12, Maxed), Horizon Zero Dawn Remastered (DX12, Maxed), God of War: Ragnarok (DX12, Ultra), Call of Duty: Black Ops 6 (DX12, Extreme), DOOM Eternal (Vulkan, Ultra Nightmare), DOOM Eternal (Vulkan, Ultra Nightmare RT), Total War: Warhammer 3 (DX11, Ultra), Dying Light 2 (DX12, High), Dying Light 2 (DX12, High Raytracing), Alan Wake 2 (DX12, High), Alan Wake 2 (DX12, High w/Med RT), Avatar: Frontiers of Pandora (DX12, Ultra), Hitman 3 (DX12, Ultra), Hitman 3 (DX12, Ultra RT), The Witcher 3 (DX12, Ultra+), The Witcher 3 (DX12, RT Ultra), Metro Exodus Enhanced Edition (DX12, Extreme), Black Myth: Wukong (DX12, Cinematic), Black Myth: Wukong (DX12, Cinematic RT) Baldur's Gate 3 (DX11, Ultra), Ghost of Tsushima (DX12, Very High), Star Wars Outlaws (DX12, Ultra RT), Warhammer 40,000: Space Marine 2 (DX12, Ultra), Control (DX12, High), Control (DX12, High RT), Dragon Age: The Veilguard (DX12, Ultra), Dragon Age: The Veilguard (DX12, Ultra RT), Resident Evil 4 (DX12, Max), Resident Evil 4 (DX12, Max RT), Marvel's Spider-Man 2 (DX12, Maxed), Marvel's Spiderman 2 (DX12, Maxed RT), Microsoft Flight Simulator 2024 (DX12 Ultra), The Last of Us: Part 1 (DX12, Ultra), S.T.A.L.K.E.R. 2: Heart of Chornobyl (DX12, Epic), Final Fantasy XVI Demo (DX12, Ultra). Testing conducted with latest game builds as of February 5, 2025 (Marvel's Spider-Man 2, Microsoft Flight Simulator 2024, The Last of Us: Part 1, and Forza Horizon 5 using latest builds as of February 14th, 2025). System manufacturers may vary configurations, yielding different results. RX-1179.4 Testing by AMD, as of February 2025 using Amuse 2.3.15 and Procyon 2.10.1542 64. Models used: SD 1.5, SDXL, ComputerVision FP16, and FLUX Schnell. System configuration: AMD Ryzen 7 9800X3D, 32GB 6000 MT/s DDR5 RAM, 2TB SSD with an AMD Radeon RX 9070 XT GPU vs. a similarly configured system with a Radeon RX 7900 GRE GPU. Driver 25.3.1 RC 31. Performance may vary. RX-1168.5 AMD FreeSync/FreeSync Premium/FreeSync Premium Pro technology requires AMD Radeon graphics and a display certified by AMD. See www.amd.com/freesync for complete details. Confirm capability with your system or display manufacturer before purchase. GD-127.6 Boost Clock Frequency is the maximum frequency achievable on the GPU running a bursty workload. Boost clock achievability, frequency, and sustainability will vary based on several factors, including but not limited to: thermal conditions and variation in applications and workloads. GD-151.
Contact:Stacy MacDiarmid AMD Communications+1 512-658-2265 Stacy.MacDiarmid@amd.com
Matt Ramsay AMD Investor Relations+1 512-496-0197Matthew.Ramsay@amd.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d4e6957f-0945-483c-9795-cf97039270b9
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
18 minutes ago
- Yahoo
FuelCell Energy Reports Second Quarter of Fiscal 2025 Results
Second Quarter Fiscal 2025 Summary(All comparisons are year-over-year unless otherwise noted) Revenue of $37.4 million, compared to $22.4 million, an increase of approximately 67% Gross loss of $(9.4) million compared to $(7.1) million, an increase of approximately 33% Loss from operations of $(35.8) million compared with $(41.4) million, a decrease of approximately 13% Net loss per share was $(1.79) compared with $(2.18), a decrease of approximately 18% Backlog of $1.26 billion, compared to $1.06 billion, an increase of approximately 19% Current Business Update Announcing restructuring plan to reduce operating expenses by 30% on an annualized basis compared to operating expenses incurred in fiscal year 2024 Focusing commercial efforts on carbonate-based distributed generation, including data center, grid resilience and reliability, and carbon recovery applications Refocusing solid oxide development efforts on electrolysis validation and demonstration – pausing R&D activity Addition of Mike Hill as Chief Commercial Officer DANBURY, Conn., June 06, 2025 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) today reported financial results for its second quarter ended April 30, 2025. 'In our second fiscal quarter, we delivered sequential revenue growth and continued executing on the disciplined cost management strategy we initiated in late 2024, in recognition of the changing energy landscape,' said Jason Few, President and Chief Executive Officer. 'Additionally, today we are reiterating our focused strategy that prioritizes advancement of our carbonate platform with the goal of meeting accelerating market demand driven by AI data centers, our distributed power generation solutions, and our carbon recovery and utilization applications.' 'Our strategy includes a further global restructuring across our operations in the U.S., Canada, and Germany as part of our ongoing work to concentrate our efforts on scaling our core carbonate technologies and achieving profitability,' Few continued. 'We have seen increasing policy support for natural gas energy, which we believe will accelerate adoption of solutions like our carbonate platform, which is already deployed globally using natural gas and biofuels. We believe that the actions we have taken to reduce our workforce by approximately an incremental 22%, scale back new platform commercial development work to focus on our commercially available technology and further reduce our SG&A expenses will help to shorten our timeline to expected future profitability by reducing our cost structure, while preserving our long-term commitment to innovation in electrolysis and carbon capture.' 'Our commercial efforts continue to generate meaningful opportunities, and we believe our Dedicated Power Partners strategic partnership with Diversified Energy Co. PLC and TESIAC Corp. positions us well to accelerate our entry into the data center market and expand our penetration in deployed microgrid applications,' added Few. 'We also strengthened our leadership team with the addition of Mike Hill as our new Chief Commercial Officer this month. His deep experience in sustainable integrated energy solutions and strong grasp of the unique power demands of data centers will be instrumental as we work to establish FuelCell Energy's presence in this critical growth sector.' Michael Bishop, Executive Vice President, Chief Financial Officer and Treasurer added, 'We are taking deliberate and proactive steps to maintain a strong and flexible balance sheet while continuing to sharpen our focus on cost discipline and the execution of a growth strategy centered on our carbonate platform. Our priorities remain clear: reduce our discretionary spending, decrease our cash burn, and accelerate our trajectory toward our ultimate goal of sustained, positive adjusted EBITDA. In parallel, we are actively pursuing strategic financing to support commercial execution, including our Korea repowering project, where we successfully delivered four modules this quarter,' said Bishop. 'We believe our proven technology is well-positioned to meet the demands of the evolving energy integration and the accelerating need for distributed power generation—both through our established channels and our newly launched strategic partnership in Dedicated Power Partners. We remain focused on driving financial performance while enabling long-term, scalable growth.' Consolidated Financial Metrics Three Months Ended April 30, (Amounts in thousands, except per share data) (1) 2025 2024 Change Total revenues $ 37,406 $ 22,420 67 % Gross loss (9,438 ) (7,074 ) 33 % Loss from operations (35,810 ) (41,361 ) (13 %) Net loss (37,749 ) (37,656 ) (0 %) Net loss attributable to common stockholders (38,849 ) (32,940 ) 18 % Net loss per basic and diluted share $ (1.79 ) $ (2.18 ) (18 %) EBITDA * (24,920 ) (31,809 ) (22 %) Adjusted EBITDA * $ (19,310 ) $ (26,489 ) (27 %) (1) All historic per share figures have been retroactively adjusted to reflect the Company's reverse stock split that became effective on November 8, 2024. * A reconciliation of non-GAAP measures EBITDA and Adjusted EBITDA is contained in the appendix to this press release. Second Quarter of Fiscal 2025 Results (All comparisons are between second quarter of fiscal 2025 and second quarter of fiscal 2024 unless otherwise noted) Second quarter revenue of $37.4 million represents an increase of 67% from the comparable prior year quarter. Product revenues were $13.0 million compared to no product revenues recognized for the comparable prior year period. Service agreements revenues increased to $8.1 million from $1.4 million. The increase in service agreements revenues during the three months ended April 30, 2025 was primarily driven by module replacement revenue recognized under the Company's long-term service agreement with United Illuminating. There were three module replacements, one of which was fulfilled with a used module, during the three months ended April 30, 2025, and no module replacements during the comparable prior year period. Generation revenues decreased to $12.1 million from $14.1 million. The decrease in generation revenues for the three months ended April 30, 2025 reflects lower power output resulting from maintenance activities during the quarter. Advanced Technologies contract revenues decreased to $4.1 million from $6.9 million. Advanced Technologies contract revenues recognized under our Joint Development Agreement with ExxonMobil Technology and Engineering Company ('EMTEC') were approximately $2.3 million, revenues arising from the purchase order received from Esso Nederland B.V. ('Esso'), an affiliate of EMTEC and Exxon Mobil Corporation, related to the Rotterdam project were approximately $1.2 million and revenue recognized under government contracts and other contracts were approximately $0.6 million for the three months ended April 30, 2025. This compares to Advanced Technologies contract revenues recognized under our Joint Development Agreement with EMTEC of approximately $2.7 million, revenue recognized under the Esso purchase order of approximately $2.1 million and revenue recognized under government contracts and other contracts of approximately $2.1 million for the three months ended April 30, 2024. Gross loss for the second quarter of fiscal 2025 totaled $(9.4) million, compared to a gross loss of $(7.1) million in the comparable prior year quarter. The increase in gross loss for the second quarter of fiscal 2025 was primarily related to reduced gross margin on advanced technologies contract revenues and service agreements revenues during the second quarter of fiscal 2025, partially offset by decreased gross loss from generation revenues. The decreased gross loss from generation revenues was a result of a reduction in the expensed construction costs related to the Toyota Project, which were $0.2 million in the second quarter of fiscal 2025, compared to $2.6 million in the second quarter of fiscal 2024 (which also included expensed gas costs). Operating expenses for the second quarter of fiscal 2025 decreased to $26.4 million from $34.3 million in the second quarter of fiscal 2024. Administrative and selling expenses decreased to $16.5 million during the second quarter of fiscal 2025 from $17.7 million during the second quarter of fiscal 2024. The decrease in administrative and selling expenses is primarily due to lower compensation expense as a result of the restructuring actions taken in the fall of 2024. Research and development expenses decreased to $9.9 million during the second quarter of fiscal 2025 compared to $16.6 million in the second quarter of fiscal 2024. The decrease in research and development expenses is primarily due to a decrease in spending on our commercial development efforts related to our solid oxide power generation and electrolysis platforms and carbon separation and carbon recovery solutions compared to the comparable prior year period, as well as a shift in engineering resource allocation toward supporting funded Advanced Technologies activities. Net loss was $(37.7) million in the second quarter of fiscal 2025, compared to net loss of $(37.7) million in the second quarter of fiscal 2024. Adjusted EBITDA totaled $(19.3) million in the second quarter of fiscal 2025, compared to Adjusted EBITDA of $(26.5) million in the second quarter of fiscal 2024. Please see the discussion of non-GAAP financial measures, including Adjusted EBITDA, in the appendix at the end of this release. The net loss per share attributable to common stockholders in the second quarter of fiscal 2025 was $(1.79), compared to $(2.18) in the second quarter of fiscal 2024. The decrease in net loss per share is primarily due to the net income of $0.3 million attributable to noncontrolling interest during the three months ended April 30, 2025 (compared to the net loss of $5.5 million attributable to noncontrolling interest that benefited the comparable prior year period). The net loss per common share for the three months ended April 30, 2025 benefited from the higher number of weighted average shares outstanding due to share issuances since April 30, 2024. Restructuring and Operational Update Today, the Company is announcing its global restructuring plan with respect to its operations in the U.S., Canada and Germany. This plan aims to further reduce operating costs, realign resources toward advancing the Company's core carbonate technologies, and protect the Company's competitive position amid slower-than-expected market investments in clean energy. As part of this restructuring plan, on June 5, 2025, the Company reduced its workforce by approximately 22%. Following this reduction in workforce, the Company has a total of approximately 426 global employees. This restructuring plan follows a November 2024 global restructuring of operations. The goal of the November 2024 restructuring plan was to reduce operating costs by approximately 15% in fiscal year 2025, compared with fiscal year 2024. The November 2024 restructuring plan included a reduction in our workforce of approximately 13% and reduced spending for product development, overhead and other costs. Key actions under our new restructuring plan include: (i) a global workforce reduction (as described above), (ii) a significant reduction of discretionary overhead spending, (iii) recalibration of our Torrington manufacturing facility production schedule to align with contracted demand, rather than forecasted demand, which, without continued growth in our closed order book, would result in a decrease in our annualized production rate, (iv) the deferral of certain compensation and benefit obligations, (v) the cessation of the majority of development efforts with respect to our solid oxide technology, and (vi) other targeted cost-saving measures. With our enhanced focus on our core technologies, specifically the manufacture and sale of our carbonate platforms, and the growing demand for distributed power generation in the U.S., Asia, and Europe, we are targeting the future achievement of positive Adjusted EBITDA once our Torrington, CT manufacturing facility reaches an annualized production rate of 100 MW per year. However, for the six months ended April 30, 2025, the facility operated at an annualized production rate of approximately 31 MW, and our annualized production rate may decrease in the near term as part of our restructuring plan. Cash, Restricted Cash and Short-Term Investments Cash and cash equivalents, restricted cash and cash equivalents, and short-term investments totaled $240.0 million as of April 30, 2025, compared to $318.0 million as of October 31, 2024. Of the $240.0 million as of April 30, 2025, unrestricted cash and cash equivalents totaled $116.1 million, short-term investments totaled $60.9 million and restricted cash and cash equivalents totaled $63.1 million. Of the $318.0 million total as of October 31, 2024, unrestricted cash and cash equivalents totaled $148.1 million, short-term investments totaled $109.1 million and restricted cash and cash equivalents totaled $60.8 million. Short-term investments represent the amortized cost of U.S. Treasury Securities outstanding and held by the Company as of April 30, 2025 and October 31, 2024. During the three months ended April 30, 2025, approximately 1.6 million shares of the Company's common stock were sold under the Company's Open Market Sale Agreement, as amended, at an average sale price of $5.00 per share, resulting in gross proceeds of approximately $8.1 million before deducting sales commissions and fees, and net proceeds to the Company of approximately $7.7 million after deducting sales commissions and fees totaling approximately $0.4 million. Backlog As of April 30, (Amounts in thousands) 2025 2024 Change Product $ 98,184 $ 12,307 $ 85,877 Service 164,417 145,100 19,317 Generation 967,388 852,933 114,455 Advanced Technologies 29,608 51,112 (21,504 ) Total Backlog $ 1,259,597 $ 1,061,452 $ 198,145 As of April 30, 2025, backlog increased by approximately 18.7% to $1.26 billion, compared to $1.06 billion as of April 30, 2024, in part, as a result of the long-term service agreement entered into with Gyeonggi Green Energy Co., Ltd. ('GGE') (such long-term service agreement, the 'GGE Agreement') during the third quarter of fiscal year 2024. Backlog for the GGE Agreement has been allocated between product backlog and service backlog. Product backlog is being, and will be, recognized as revenue as the Company completes commissioning of the replacement modules. Under the GGE Agreement, commissioning of the first six 1.4-MW replacement fuel cell modules was completed in the fourth quarter of fiscal year 2024 and commissioning of the next four replacement fuel cell modules was completed in the second quarter of fiscal year 2025. An additional 16 1.4-MW replacement fuel cell modules are expected to be commissioned ratably throughout the remainder of fiscal year 2025, and the remaining 16 1.4-MW replacement fuel cell modules are expected to be commissioned in fiscal year 2026. Service backlog is being, and will be, recognized as revenue as the Company performs service at the GGE site over the term of the GGE Agreement. Backlog also increased as a result of entering into a 20-year power purchase agreement for a 7.4 MW fuel cell power plant that the Company will build in Hartford, CT. This power purchase agreement has added approximately $167.4 million in backlog. Backlog represents definitive agreements executed by the Company and our customers. Projects for which we have an executed power purchase agreement ('PPA') or hydrogen power purchase agreement ('HPPA') are included in generation backlog, which represents future revenue under long-term PPAs and HPPAs. The Company's ability to recognize revenue in the future under a PPA or HPPA is subject to the Company's completion of construction of the project covered by such PPA or HPPA. Should the Company not complete the construction of the project covered by a PPA or HPPA, it will forgo future revenues with respect to the project and may incur penalties and/or impairment charges related to the project. Projects sold to customers (and not retained by the Company) are included in product sales and service agreements backlog, and the related generation backlog is removed upon sale. Together, the service and generation portion of backlog had a weighted average term of approximately 18 years as of April 30, 2025, with weighting based on the dollar amount of backlog and utility service contracts of up to 20 years in duration at inception. Conference Call Information FuelCell Energy will host a conference call today beginning at 10:00 a.m. ET to discuss second quarter of fiscal year 2025 results as well as key business highlights. Participants can access the live call via webcast on the Company's website or by telephone as follows: The live webcast of the call and supporting slide presentation will be available at To listen to the call, select 'Investors' on the home page located under the 'Our Company' pull-down menu, proceed to the 'Events & Presentations' page and then click on the 'Webcast' link listed under the June 6th earnings call event, or click here. Alternatively, participants can dial 888-330-3181 and state FuelCell Energy or the conference ID number 1099808. The replay of the conference call will be available via webcast on the Company's Investors' page at approximately two hours after the conclusion of the call. Cautionary Language This news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 regarding future events or our future financial performance that involve certain contingencies and uncertainties. The forward-looking statements include, without limitation, statements with respect to the Company's anticipated financial results and statements regarding the Company's plans and expectations regarding the continuing development, commercialization and financing of its current and future fuel cell technologies, the expected timing of completion of the Company's ongoing projects, the Company's business plans and strategies, the implementation, effect, and potential impact of the Company's restructuring plans, the Company's plan to reduce operating costs, the Company's plan to increase its annualized production rate at its Torrington manufacturing facility in the future, the Company's plans for and ability to achieve positive Adjusted EBITDA, the capabilities of the Company's products, and the markets in which the Company expects to operate. Projected and estimated numbers contained herein are not forecasts and may not reflect actual results. These forward-looking statements are not guarantees of future performance, and all forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation: general risks associated with product development and manufacturing; general economic conditions; changes in interest rates, which may impact project financing; supply chain disruptions; changes in the utility regulatory environment; changes in the utility industry and the markets for distributed generation, distributed hydrogen, and fuel cell power plants configured for carbon capture or carbon separation; potential volatility of commodity prices that may adversely affect our projects; availability of government subsidies and economic incentives for alternative energy technologies; our ability to remain in compliance with U.S. federal and state and foreign government laws and regulations; our ability to maintain compliance with the listing rules of The Nasdaq Stock Market; rapid technological change; competition; the risk that our bid awards will not convert to contracts or that our contracts will not convert to revenue; market acceptance of our products; changes in accounting policies or practices adopted voluntarily or as required by accounting principles generally accepted in the United States; factors affecting our liquidity position and financial condition; government appropriations; the ability of the government and third parties to terminate their development contracts at any time; the ability of the government to exercise 'march-in' rights with respect to certain of our patents; our ability to successfully market and sell our products internationally; delays in our timeline for bringing commercially viable products to market; our ability to develop additional commercially viable products; our ability to implement our strategy; our ability to reduce our levelized cost of energy and deliver on our cost reduction strategy generally; our ability to protect our intellectual property; litigation and other proceedings; the risk that commercialization of our new products will not occur when anticipated or, if it does, that we will not have adequate capacity to satisfy demand; our need for and the availability of additional financing; our ability to generate positive cash flow from operations; our ability to service our long-term debt; our ability to increase the output and longevity of our platforms and to meet the performance requirements of our contracts; our ability to expand our customer base and maintain relationships with our largest customers and strategic business allies; the risk that our restructuring plans and workforce reductions will not result in the intended benefits or savings; the risk that our restructuring plans and workforce reductions will result in unanticipated costs; the risk that our restructuring plans will yield unintended consequences to our remaining workforce and results of operations; our ability to reduce operating costs; our ability to increase our annualized production rate at our Torrington manufacturing facility in the future; and our ability to achieve positive Adjusted EBITDA in the future, as well as other risks set forth in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the fiscal year ended October 31, 2024 and the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2025. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement contained herein to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based. About FuelCell Energy FuelCell Energy, Inc. (NASDAQ: FCEL): FuelCell Energy is a global leader in delivering environmentally responsible distributed baseload energy platform solutions through our proprietary fuel cell technology. FuelCell Energy is focused on advancing sustainable clean energy technologies that address some of the world's most critical challenges around energy access, security, resilience, reliability, affordability, safety and environmental stewardship. As a leading global manufacturer of proprietary fuel cell technology platforms, FuelCell Energy is uniquely positioned to serve customers worldwide with sustainable products and solutions for industrial and commercial businesses, utilities, governments, municipalities, and communities. SureSource, SureSource 1500, SureSource 3000, SureSource 4000, SureSource Recovery, SureSource Capture, SureSource Hydrogen, SureSource Storage, SureSource Service, SureSource Capital, FuelCell Energy, and FuelCell Energy logo are all trademarks of FuelCell Energy, Inc. Contact:FuelCell Energy, ENERGY, INC. Consolidated Balance Sheets (Unaudited) (Amounts in thousands, except share and per share amounts) April 30,2025 October 31,2024 ASSETS Current assets: Cash and cash equivalents, unrestricted $ 116,061 $ 148,133 Restricted cash and cash equivalents – short-term 12,339 12,161 Investments – short-term 60,908 109,123 Accounts receivable, net 10,033 11,751 Unbilled receivables 45,404 36,851 Inventories 123,541 113,703 Other current assets 16,178 12,736 Total current assets 384,464 444,458 Restricted cash and cash equivalents – long-term 50,716 48,589 Inventories – long-term 2,743 2,743 Project assets, net 228,202 242,131 Property, plant and equipment, net 138,188 130,686 Operating lease right-of-use assets, net 7,566 8,122 Goodwill 4,075 4,075 Intangible assets, net 14,131 14,779 Other assets 53,758 48,541 Total assets (1) $ 883,843 $ 944,124 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of long-term debt $ 17,137 $ 15,924 Current portion of operating lease liabilities 795 807 Accounts payable 22,552 22,585 Accrued liabilities 24,952 30,362 Deferred revenue 2,918 4,226 Total current liabilities 68,354 73,904 Long-term deferred revenue 4,203 3,010 Long-term operating lease liabilities 8,352 8,894 Long-term debt and other liabilities 124,138 130,850 Total liabilities (1) 205,047 216,658 Redeemable Series B preferred stock (liquidation preference of $64,020 as of April 30, 2025 and October 31, 2024) 59,857 59,857 Total equity: Stockholders' equity: Common stock ($0.0001 par value); 1,000,000,000 shares authorized as of April 30, 2025 and October 31, 2024; 22,776,193 and 20,375,932 shares issued and outstanding as of April 30, 2025 and October 31, 2024, respectively) 2 2 Additional paid-in capital 2,318,607 2,300,031 Accumulated deficit (1,707,925 ) (1,641,550 ) Accumulated other comprehensive loss (1,507 ) (1,561 ) Treasury stock, Common, at cost (31,596 and 12,543 shares as of April 30, 2025 and October 31, 2024, respectively) (1,314 ) (1,198 ) Deferred compensation 1,314 1,198 Total stockholders' equity 609,177 656,922 Noncontrolling interests 9,762 10,687 Total equity 618,939 667,609 Total liabilities, redeemable Series B preferred stock and total equity $ 883,843 $ 944,124 (1) As of April 30, 2025 and October 31, 2024, the combined assets of the variable interest entities ('VIEs') were $319,631 and $311,723, respectively, that can only be used to settle obligations of the VIEs. These assets include cash of $2,345, accounts receivable of $581, unbilled accounts receivable of $12,055, operating lease right of use assets of $1,652, other current assets of $149,636, restricted cash and cash equivalents of $739, project assets of $149,487 and other assets of $3,136 as of April 30, 2025, and cash of $2,891, accounts receivable of $674, unbilled accounts receivable of $9,479, operating lease right of use assets of $1,663, other current assets of $135,756, restricted cash and cash equivalents of $639, project assets of $157,604 and other assets of $3,018 as of October 31, 2024. The combined liabilities of the VIEs as of April 30, 2025 include short-term operating lease liabilities of $204, accounts payable of $190,548, accrued liabilities of $406, deferred revenue of $150, long-term operating lease liability of $2,131, derivative liability of $2,931 and other non-current liabilities of $292 and, as of October 31, 2024, include short-term operating lease liabilities of $204, accounts payable of $181,274, accrued liabilities of $341, deferred revenue of $20, derivative liabilities of $3,693, long-term operating lease liability of $2,142 and other non-current liabilities of $ ENERGY, INC. Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (Amounts in thousands, except share and per share amounts) Three Months Ended April 30, 2025 2024 Revenues: Product $ 13,027 $ - Service 8,144 1,369 Generation 12,124 14,118 Advanced Technologies 4,111 6,933 Total revenues 37,406 22,420 Costs of revenues: Product 16,261 2,938 Service 9,067 1,267 Generation 18,411 21,424 Advanced Technologies 3,105 3,865 Total costs of revenues 46,844 29,494 Gross loss (9,438 ) (7,074 ) Operating expenses: Administrative and selling expenses 16,470 17,660 Research and development expenses 9,896 16,627 Restructuring 6 - Total costs and expenses 26,372 34,287 Loss from operations (35,810 ) (41,361 ) Interest expense (2,548 ) (2,275 ) Interest income 1,825 3,390 Other (expense) income, net (1,132 ) 2,590 Loss before provision for income taxes (37,665 ) (37,656 ) Provision for income taxes (84 ) - Net loss (37,749 ) (37,656 ) Net income (loss) attributable to noncontrolling interest 300 (5,516 ) Net loss attributable to FuelCell Energy, Inc. (38,049 ) (32,140 ) Series B preferred stock dividends (800 ) (800 ) Net loss attributable to common stockholders $ (38,849 ) $ (32,940 ) Loss per share basic and diluted: Net loss per share attributable to common stockholders $ (1.79 ) $ (2.18 ) Basic and diluted weighted average shares outstanding 21,740,193 15,099,482 FUELCELL ENERGY, INC. Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (Amounts in thousands, except share and per share amounts) Six Months Ended April 30, 2025 2024 Revenues: Product $ 13,099 $ - Service 9,992 2,986 Generation 23,470 24,611 Advanced Technologies 9,842 11,514 Total revenues 56,403 39,111 Costs of revenues: Product 19,297 5,329 Service 10,735 3,155 Generation 33,705 42,318 Advanced Technologies 7,308 7,108 Total costs of revenues 71,045 57,910 Gross loss (14,642 ) (18,799 ) Operating expenses: Administrative and selling expenses 31,500 34,060 Research and development expenses 20,977 30,980 Restructuring 1,542 - Total costs and expenses 54,019 65,040 Loss from operations (68,661 ) (83,839 ) Interest expense (5,155 ) (4,613 ) Interest income 4,213 7,457 Other expense, net (448 ) (1,060 ) Loss before provision for income taxes (70,051 ) (82,055 ) Provision for income taxes (84 ) - Net loss (70,135 ) (82,055 ) Net loss attributable to noncontrolling interest (3,760 ) (30,122 ) Net loss attributable to FuelCell Energy, Inc. (66,375 ) (51,933 ) Series B preferred stock dividends (1,600 ) (1,600 ) Net loss attributable to common stockholders $ (67,975 ) $ (53,533 ) Loss per share basic and diluted: Net loss per share attributable to common stockholders $ (3.22 ) $ (3.55 ) Basic and diluted weighted average shares outstanding 21,110,664 15,076,778 Appendix Non-GAAP Financial Measures Financial results are presented in accordance with accounting principles generally accepted in the United States ('GAAP'). Management also uses non-GAAP measures to analyze and make operating decisions on the business. Earnings before interest, taxes, depreciation and amortization ('EBITDA') and Adjusted EBITDA are non-GAAP measures of operations and operating performance by the Company. These supplemental non-GAAP measures are provided to assist readers in assessing operating performance. Management believes EBITDA and Adjusted EBITDA are useful in assessing performance and highlighting trends on an overall basis. Management also believes these measures are used by companies in the fuel cell sector and by securities analysts and investors when comparing the results of the Company with those of other companies. EBITDA differs from the most comparable GAAP measure, net loss attributable to the Company, primarily because it does not include finance expense, income taxes and depreciation of property, plant and equipment and project assets. Adjusted EBITDA adjusts EBITDA for stock-based compensation, restructuring charges, non-cash (gain) loss on derivative instruments and other unusual items, which are considered either non-cash or non-recurring. While management believes that these non-GAAP financial measures provide useful supplemental information to investors, there are limitations associated with the use of these measures. The measures are not prepared in accordance with GAAP and may not be directly comparable to similarly titled measures of other companies due to potential differences in the exact method of calculation. The Company's non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with the Company's consolidated financial statements prepared in accordance with GAAP. The following table calculates EBITDA and Adjusted EBITDA and reconciles these figures to the GAAP financial statement measure Net loss. Three Months Ended April 30, Six Months Ended April 30, (Amounts in thousands) 2025 2024 2025 2024 Net loss $ (37,749 ) $ (37,656 ) (70,135 ) (82,055 ) Depreciation and amortization (1) 10,890 9,552 20,836 18,151 Provision for income taxes 84 - 84 - Other expense (income), net (2) 1,132 (2,590 ) 448 1,060 Interest income (1,825 ) (3,390 ) (4,213 ) (7,457 ) Interest expense 2,548 2,275 5,155 4,613 EBITDA $ (24,920 ) $ (31,809 ) $ (47,825 ) $ (65,688 ) Stock-based compensation expense 4,824 3,002 6,966 5,878 Unrealized loss (gain) on natural gas contract derivative assets (3) 780 2,318 (1,066 ) 4,177 Restructuring 6 - 1,542 - Adjusted EBITDA $ (19,310 ) $ (26,489 ) $ (40,383 ) $ (55,633 )(1) Includes depreciation and amortization on our Generation portfolio of $8.7 million and $16.7 million for the three and six months ended April 30, 2025, respectively, and $7.2 million and $14.0 million for the three and six months ended April 30, 2024, respectively. (2) Other expense (income), net includes gains and losses from transactions denominated in foreign currencies, interest rate swap income earned from investments and other items incurred periodically, which are not the result of the Company's normal business operations. (3) The Company recorded a mark-to-market net loss (gain) of $0.8 million and $(1.1) million for the three and six months ended April 30, 2025, respectively, and a mark-to-market net loss of $2.3 million and $4.2 million for the three and six months ended April 30, 2024, respectively, related to natural gas purchase contracts as a result of net settling certain natural gas purchases under previous normal purchase normal sale contract designations, which resulted in a change to mark-to-market accounting. These gains and losses are classified as Generation cost of sales. 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
Yahoo
21 minutes ago
- Yahoo
Sweden In-depth PESTLE Insights Report 2025
Unlock insights with our Sweden PESTLE report, offering complete analysis of political, economic, social, technological, legal, and environmental landscapes. Explore governance, economic trends, social policies, tech innovation, legal framework, and sustainability efforts. Essential for informed decisions! Dublin, June 06, 2025 (GLOBE NEWSWIRE) -- The "Sweden In-depth PESTLE Insights" country profile has been added to offering. This PESTLE country analysis report on Sweden provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis. The political landscape section discusses the evolution of the political scenario in Sweden, as well as the country's economic, social, foreign, and defense policies. The section also discusses the country's performance according to World Bank Governance Indicators. The economic landscape section outlines the evolution of Sweden's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment. The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education. The technology landscape section examines Sweden's advancements and policies in technology innovation, including developments in information technology, telecommunications, research and development (R&D) investments, digital infrastructure, and cybersecurity measures. The legal landscape section explores Sweden's legal system evolution, including legislative reforms, judiciary independence, and adherence to the rule of law. It also addresses the country's legal environment for business, contract enforcement, intellectual property protection, and transparency in legal proceedings, along with any significant legal challenges or controversies. The environmental landscape section evaluates Sweden's environmental policies and performance concerning climate change mitigation, renewable energy adoption, pollution control measures, conservation efforts, and sustainable development initiatives. Synopsis Understand the political system in Sweden through analysis of key figures in the country and governance indicators. Understand the economic situation in Sweden through a balanced assessment of core macroeconomic issues. Understand customer demographics in Sweden through analysis of income distribution and the rural-urban split, as well as healthcare and education. Understand the technological landscape in Sweden through analysis of relevant laws and policies, as well as patents data. Understand the legal landscape in Sweden through analysis of the judicial system as well as performance of the legal indicators Understand the environmental landscape in Sweden through analysis of the environmental regulations and the performance of the environmental indicators Reasons to Buy What is the outlook in Sweden in terms of political stability, policies towards business, and the popularity of the government? How does Sweden perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? How does Sweden perform in terms of healthcare, income distribution, and education? How does Sweden perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends? How does Sweden maintain a robust legal framework that protects property rights and fosters a conducive business environment? How does Sweden prioritize sustainability with green initiatives, renewable energy promotion, and international collaboration on environmental challenges? For more information about this country profile visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
21 minutes ago
- Yahoo
Nurix Therapeutics to Host a Webcast Conference Call to Discuss Data from the Ongoing Phase 1 Clinical Trial of Bexobrutideg (NX-5948) Being Presented at the 30th European Hematology Association Congress (EHA2025)
SAN FRANCISCO, June 06, 2025 (GLOBE NEWSWIRE) -- Nurix Therapeutics, Inc. (Nasdaq: NRIX), a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of targeted protein degradation medicines, today announced that the company will host a webcast conference call at 8:00 a.m., ET, on Thursday, June 12, 2025, to discuss new data from the ongoing Phase 1 clinical trial of bexobrutideg (NX-5948) that will be presented at the European Hematology Association Congress in Milan, Italy. Details of the webcast and conference call are as follows: Date and time: Thursday, June 12, 8:00 a.m. ET / 2:00 p.m. CEST Access details: The live webcast will be accessible on the Events page in the Investors section of the company's website. To participate in the live conference call, the dial-in number in the U.S. is 877-346-6112. For participants outside the U.S., the dial-in number is 1- 848-280-6350. A replay of the webcast and call will be archived on the Nurix website for approximately 30 days after the event. Details of the presentations at EHA2025: Title: Bexobrutideg (NX-5948), a novel Bruton's tyrosine kinase (BTK) degrader, demonstrates rapid and durable clinical responses in relapsed refractory CLL: updated findings from an ongoing Phase 1a StudyPresenting author: Talha Munir M.B. Ch.B., Ph.D., Consultant Hematologist at Leeds Teaching Hospitals NHS Trust, Deputy Chair of the United Kingdom National Cancer Research Institute CLL Study GroupSession title: Poster Session 1Session date and time: Friday, June 13 (18:30 - 19:30 CEST)Abstract ID: PF571 Title: Bexobrutideg (NX-5948), a novel Bruton's tyrosine kinase (BTK) degrader, shows high clinical activity and tolerable safety in an ongoing Phase 1a/b study in patients with Waldenström macroglobulinemiaPresenting author: Dima El-Sharkawi, M.B., B.S., M.A., Ph.D., MRCP FRCPath, Consultant Haematologist, Royal Marsden NHS Foundation Trust, Sutton, UKSession title: Poster Session 2Session date and time: Saturday, June 14 (18:30 - 19:30 CEST)Abstract ID: PS1883 About Bexobrutideg (NX-5948) Bexobrutideg is an investigational, orally bioavailable, brain penetrant, small molecule degrader of BTK. Bexobrutideg is currently being evaluated in a Phase 1 clinical trial in patients with relapsed or refractory B cell malignancies. Additional information on the ongoing clinical trial can be accessed at (NCT05131022). About Nurix Therapeutics, Inc. Nurix Therapeutics is a clinical stage biopharmaceutical company focused on the discovery, development and commercialization of targeted protein degradation medicines, the next frontier in innovative drug design aimed at improving treatment options for patients with cancer and inflammatory diseases. Nurix's wholly owned, clinical stage pipeline includes degraders of Bruton's tyrosine kinase (BTK), a B-cell signaling protein, and inhibitors of Casitas B-lineage lymphoma proto-oncogene B (CBL-B), an E3 ligase that regulates activation of multiple immune cell types including T cells and NK cells. Nurix also is advancing multiple potentially first-in-class or best-in-class degraders and degrader antibody conjugates (DACs) in its preclinical pipeline. Nurix's partnered drug discovery pipeline consists of preclinical stage degraders of IRAK4 and STAT6, as well as multiple additional programs under collaboration agreements with Gilead Sciences, Inc., Sanofi S.A. and Pfizer Inc., within which Nurix retains certain options for co-development, co-commercialization and profit sharing in the United States for multiple drug candidates. Powered by a fully AI-integrated discovery engine capable of tackling any protein class, and coupled with unparalleled ligase expertise, Nurix's dedicated team has built a formidable advantage in translating the science of targeted protein degradation into clinical advancements. Nurix aims to establish degrader-based treatments at the forefront of patient care, writing medicine's next chapter with a new script to outmatch disease. Nurix is headquartered in San Francisco, California. For additional information visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other federal securities laws. Any statements contained herein that do not describe historical facts, including, but not limited to, statements regarding Nurix's intention to present and discuss new data from the bexobrutideg (NX-5948) clinical trial at and in connection with EHA2025, are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those discussed in such forward-looking statements. Such risks and uncertainties include, among others, the risks described under the heading 'Risk Factors' in Nurix's Quarterly Report on Form 10-Q for the period ended February 28, 2025, and subsequent filings with the SEC. Any of these risks and uncertainties could materially and adversely affect Nurix's business and results of operations, which could, in turn, have a significant and adverse impact on Nurix's stock price. Nurix cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. Nurix undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date they were made or to reflect the occurrence of unanticipated events. Contacts: InvestorsKris FortnerNurix Therapeutics, Elizabeth Wolffe, Life Science Advisorslwolffe@ MediaAljanae ReynoldsWheelhouse Life Science Advisorsareynolds@ Kris FortnerNurix TherapeuticsKfortner@ 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
