Latest news with #&A
The Star
a day ago
- Business
- The Star
Sarawak approves effort to boost bilingual proficiency
KUCHING: The Sarawak Government will begin implementing a standardised assessment for the Dual Language Programme (DLP) based on international standards of Cambridge University Press and Assessment (CUP&A) for Year Six students in October. Sarawak Premier Tan Sri Abang Johari Tun Openg announced that the Education Ministry has granted approval for the Sarawak education, innovation and talent development ministry (MEITD) to collaborate with Cambridge University to roll out the initiative. 'This DLP programme will be reviewed and validated by Cambridge University Press and Assessment to ensure its implementation aligns with international standards,' he said in a statement issued by the Sarawak Public Communications Unit yesterday. The announcement follows the signing of a service contract between CUP&A and Swinburne Innovation Malaysia (SWIM) in Cambridge on Wednesday. The event was part of the premier's working visit to the United Kingdom, which began on Tuesday. Jane Mann, managing director of Partnerships for Education at CUP&A, represented the Cambridge side, while SWIM was represented by its chief executive officer George Ngui, Bernama reported. According to Abang Johari, the programme would follow the national curriculum utilising Bahasa Malaysia as the primary medium, while English would serve as the secondary medium for assessment based on Cambridge's international syllabus. Swinburne University, a strategic partner in the initiative, would work alongside Cambridge to implement the assessments in Sarawak. 'This initiative aims to produce students proficient in both languages, thereby equipping them to pursue higher education in the fields of science, technology, engineering and mathematics,' he added. The premier also noted that MEITD is collaborating with Cambridge University to develop a range of high-quality bilingual programmes and scholarship opportunities to allow Sarawakian students to pursue studies in emerging strategic economic sectors. He added that both parties had agreed to facilitate the placement of qualified Sarawakian students from international school systems in world-renowned institutions, including the University of Cambridge, Oxford and the London School of Economics in the United Kingdom, as well as Harvard University in the United States. 'Sarawak is targeting a special quota of 10 placements for outstanding students in selected fields,' Abang Johari added.
Hamilton Spectator
3 days ago
- Business
- Hamilton Spectator
Voxtur Announces Financial Results for the Q1 2025 – Ended March 31, 2025
TORONTO and TAMPA, Fla., May 30, 2025 (GLOBE NEWSWIRE) — Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ('Voxtur' or the 'Company'), a North American technology company creating a more transparent and accessible real estate lending ecosystem, today announced its financial results for the three months ended March 31, 2025. The Company's Unaudited Condensed Interim Consolidated Financial Statements and the related Management's Discussion and Analysis ('MD&A') for the three months ended March 31, 2025, are available at and at . Financial Results: 1 Calculations include only the results from continuing operations and do not include results of discontinued operations. As at March 31, 2025, management was committed to a plan to sell one of the Company's business units. Accordingly, the Company has presented that business unit as a disposal group held for sale and reported its results as discontinued operations. During the first quarter of 2025, revenue from continuing operations declined approximately $3.6 million and gross profit declined approximately $3 million compared to the same period in the prior year. Despite this, the Company's net loss from continuing operations remained relatively stable, underscoring the meaningful impact of realizing synergies across the organization and cost reduction measures implemented by management over the past several quarters. Operational expense reductions initiated earlier this year began to positively impact the quarter, though the full benefit of these initiatives will be more fully realized in the second quarter and throughout the remainder of 2025. Further discussion with respect to the financial results can be found in the Company's MD&A available at and at . Management continues to work in close partnership with the Company's advisor and in conjunction with the Company's creditor as part of the strategic review announced earlier this year. The primary objective of this process is to reduce debt and position the Company for long-term financial stability and strength. 'We sincerely appreciate the continued support and patience of all our stakeholders as we navigate this important phase of our journey,' said Ryan Marshall, Voxtur's CEO. 'While we are not yet where we want to be, we are making steady progress, and our focus remains on building a more sustainable and resilient organization.' The Company intends to host a shareholder call in the near future upon having material updates on the strategic review process and outline the path forward for the business, including other key corporate developments. About Voxtur Voxtur is a proptech company. The company offers targeted data analytics to simplify the multifaceted aspects of the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur's proprietary data hub and workflow platforms more accurately and efficiently value real estate assets, providing critical due diligence that enables market participants to effectively originate, trade, or service defaults on mortgage loans. As an independent and transparent mortgage technology provider, the company offers primary and secondary market solutions in the United States and Canada. For more information, visit . Forward-Looking Information This news release contains certain forward-looking statements and forward-looking information (collectively, 'forward-looking information') which reflect the expectations of management regarding the Company's future growth, financial performance and objectives and the Company's strategic initiatives, plans, business prospects and opportunities. These forward-looking statements reflect management's current expectations regarding future events and the Company's financial and operating performance and speak only as of the date of this press release. By their very nature, forward-looking statements require management to make assumptions and involve significant risks and uncertainties, should not be read as guarantees of future events, performance or results, and give rise to the possibility that management's predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that the assumptions may not be correct and that the Company's future growth, financial performance and objectives and the Company's strategic initiatives, plans, business prospects and opportunities, including the duration, impact of and recovery from the COVID-19 pandemic, will not occur or be achieved. Any information contained herein that is not based on historical facts may be deemed to constitute forward-looking information within the meaning of Canadian and United States securities laws. Forward-looking information may be based on expectations, estimates and projections as at the date of this news release, and may be identified by the words 'may', 'would', 'could', 'should', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' or similar expressions. Forward-looking information may include but is not limited to the anticipated financial performance of the Company and other events or conditions that may occur in the future. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the information is provided. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information include but are not limited to: additional costs related to acquisitions, integration of acquired businesses, and implementation of new products; changing global financial conditions, especially in light of the COVID-19 global pandemic; reliance on specific key employees and customers to maintain business operations; competition within the Company's industry; a risk in technological failure, failure to implement technological upgrades, or failure to implement new technological products in accordance with expected timelines; changing market conditions related to defaulted mortgage loans, and the failure of clients to send foreclosure and bankruptcy referrals in volumes similar to those prior to the COVID-19 global pandemic; failure of governing agencies and regulatory bodies to approve the use of products and services developed by the Company; the Company's dependence on maintaining intellectual property and protecting newly developed intellectual property; operating losses and negative cash flows; and currency fluctuations. Accordingly, readers should not place undue reliance on forward-looking information contained herein. Factors relating to the Company's financial guidance and targets disclosed in this press release include, in addition to the factors set out above, the degree to which actual future events accord with, or vary from, the expectations of, and assumptions used by, Voxtur's management in preparing the financial guidance and targets. This forward-looking information is provided as of the date of this news release and, accordingly, is subject to change after such date. The Company does not assume any obligation to update or revise this information to reflect new events or circumstances except as required in accordance with applicable laws. Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Voxtur's common shares are traded on the TSX Venture Exchange under the symbol VXTR and in the US on the OTCQB under the symbol VXTRF. Company Contact: Jordan Ross Tel: (416)708-9764 jordan@
Associated Press
4 days ago
- Business
- Associated Press
MineHub Reports Fiscal 2025 Annual Financial Results
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2025) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) ('MineHub' or the 'Company'), a leading provider of digital supply chain solutions for the commodity markets, is pleased to announce it has filed its audited annual consolidated financial statements (the 'Annual Financial Statements') and management's discussion and analysis (the 'MD&A') for its fiscal year ended January 31, 2025. Copies of the Annual Financial Statements and MD&A are available on the Company's profile on SEDAR+ at Fiscal 2025 was a year of strategic execution that built on the vision MineHub outlined at the start of the year. Despite macroeconomic pressures extending sales cycles, the Company maintained rigorous focus on recurring SaaS revenue, which grew 17% year-over-year, while laying groundwork for scalable, sustainable growth. Key highlights for the fiscal year include: As industries face mounting regulatory and efficiency demands, MineHub is leveraging partnerships in Asia with key players including CargoGo and Sumitomo Corporation and strategic collaborations to accelerate adoption of its solutions. These efforts, combined with scalable product innovations, position the Company to sustainably grow recurring revenue in fiscal 2026. Chief Executive Officer Andrea Aranguren commented, 'Fiscal 2025 was a pivotal year for MineHub as we successfully executed our strategy to transition towards recurring SaaS revenue, resulting in a 17% year-over-year increase in the segment. Our growth in GMV, continued platform enhancements, and the closure of the Abaxx partnership reinforce our momentum and confidence to deliver long-term value. By prioritizing customer-driven innovation, operational discipline, and strategic focus, MineHub is building a resilient foundation for sustainable growth in volatile markets.' Accelerating Customer Activity Accelerating customer activity is increasing cumulative GMV transacted on the MineHub platform. MineHub achieved GMV of US$14.7 billion of commodities transacted on its platform in the year ended January 31, 2025, compared to US$12.2 billion in the year ended January 31, 2024. Fourth Quarter Business Highlights (November 1, 2024 - January 31, 2025) Outlook for Fiscal 2026 Building on fiscal 2025's strategic groundwork, MineHub is well-positioned to accelerate growth through a phased execution plan that balances immediate priorities with long-term market expansion: Core Market Execution: Adjacent Market Penetration: Strategic Collaboration: New Market Testing: Long-Term Growth Levers: Results of Operations [This table cannot be displayed. Please visit the source.] Annual Financial Highlights MineHub recorded revenue of $2.0 million in fiscal 2025, holding steady compared to the prior year. However, the composition of revenue shifted as the Company focused on growing stable, recurring SaaS revenue instead of pursuing non-recurring and highly variable professional services contracts. As a result, SaaS revenue increased by $240,374, representing a 17% increase compared to fiscal 2024, and this growth in SaaS revenue more than offset a decrease in professional services revenue. Net loss for fiscal 2025 was $6.2 million, compared to a net loss of $6.5 million in the prior year. The decrease in net loss is primarily due to operating expense reductions, partially offset by non-recurring other income in the prior year. Fourth Quarter Financial Highlights MineHub's fourth quarter fiscal 2025 revenue was $386,391. This represents a decrease of $255,091 compared to the prior year, as the Company has successfully transitioned to a recurring SaaS subscription revenue model rather than pursuing one-off professional services fee arrangements that occurred in fiscal 2024. MineHub recorded a net loss of $1.6 million in the fourth quarter, compared to $1.2 million in the same period last year. This $309,561 increase in net loss was primarily due to a decrease in professional services revenue, partially offset by changes in other income and expenses. Webinar Details The Company will also host an investor webinar to discuss its annual financial results on Thursday, May 29, 2025 at 9:00 am PT (12:00 pm ET). The webinar will be hosted by Andrea Aranguren, Chief Executive Officer, and Monika Russell, Chief Financial Officer, who will provide a corporate update, review the annual financial results, and discuss the company's outlook; followed by a question and answer session. About MineHub MineHub is the digital supply chain platform for the commodity markets, making raw material supply chains more efficient, resilient and sustainable. MineHub provides enterprise-grade digital solutions that connect buyers, sellers, laboratories and financiers within physical commodities supply chains in a digitally integrated workflow powered by data that is useable, shareable, verifiable and unforgeable. Users of MineHub solutions are in full control of their supply chains, enabling them to optimize their use of resources, respond better and faster to disruptions, and provide a better customer service. Global enterprises already use MineHub solutions as part of their logistics, compliance, trade management and financing operations. Andrea Aranguren CEO, MineHub Technologies Inc. For further information regarding MineHub, please email [email protected] or visit our website at Tel: (778) 373-3747. Cautionary Note Regarding Forward-Looking Statements Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains statements that are considered 'forward-looking information' within the meaning of applicable Canadian securities legislation ('forward-looking statements') with respect to MineHub including, but not limited to, statements with respect to MineHub's future operational plans, the timing of such plans and anticipated customers. Forward-looking statements are statements that are not historical facts are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although MineHub believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company's ability to raise sufficient capital to fund its operations, applications and for general working capital purposes, changes in economic conditions or financial markets, changes in laws or regulations that could have an impact on the Company's operations, dependence on its key management personnel and market competition. Other risk factors are identified in the 'Risks and Uncertainties' section of the Company's management discussion and analysis for the year ended January 31, 2024, available on the Company's SEDAR+ profile at There may be other risk factors not presently known that management believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. Although the Company has attempted to identify risk factors that could cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking statements or information. The forward-looking information is made as of the date included herein, and the Company assumes no obligation to publicly update or revise such forward-looking information. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of MineHub's management on the date the statements are made. However, except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change. Footnotes: (1) To view the source version of this press release, please visit
Cision Canada
7 days ago
- Business
- Cision Canada
Frontenac Mortgage Investment Corporation Provides Bi-Weekly Update on Annual Filings
OTTAWA, ON, May 26, 2025 /CNW/ - Frontenac Mortgage Investment Corporation (" FMIC" or the " Company") today provided an update with respect to its previously announced management cease trade order ("MCTO") in connection with the Company's filings of its audited annual financial statements (the " Audited Financial Statements") and management discussion and analysis (the " MD&A"), for the financial year ended December 31, 2024 and the applicable CEO and CFO certifications (together with the Audited Financial Statements and the MD&A, the " Annual Filings"). Further to its press release dated May 12, 2025 (the " Announcement"), its principal regulator, the Ontario Securities Commission, granted the MCTO on May 9, 2025. As previously announced, the Company applied for the MCTO due to a delay in the filing of the Company's annual financial statements for the year ended December 31, 2024, the related management's discussion and analysis and the management certifications of annual filings (collectively, the " Required Documents"), which were due on April 30, 2025. The MCTO restricts the Company's former manager, W.A. Robinson & Associates Ltd. (" W.A. Robinson"), its former administrator, Pillar Financial Services Inc. (" Pillar"), and certain individuals who are or have been directors or officers of FMIC, W.A. Robinson and Pillar from all trading in securities of the Company until such time as the Required Documents have been filed by the Company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company. As previously disclosed, the delay in filing the Required Documents is due to delays experienced by the Company's external auditors, MNP LLP, in completing the audit of the annual financial statements for the year ended December 31, 2024. The Company is continuing to work diligently with its external auditors to complete the audit and currently expects to file the Required Documents by June 30, 2025. The Company will issue a news release announcing completion of the filing of the Annual Filings at such time as they are completed and filed. Until the Required Documents are filed, the Company intends to comply with the provisions of the alternative information guidelines as set out in National Policy 12-203 – Management Cease Trade Orders (" NP 12-203") for as long as it remains in default, including the issuance of bi-weekly default status reports in the form of a news release. The Company confirms that since the date of the Announcement: (i) there has been no material change to the information set out in the Announcement that has not been generally disclosed; (ii) there has not been any other specified default by the Company under NP 12-203; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed. Forward-Looking Statements This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as " forward-looking statements") within the meaning of applicable Canadian securities laws, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company, and specifically includes statements relating to the timing of the filing of the Required Documents. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes. Forward-looking statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors beyond FMIC's ability to predict or control which may cause actual events, results, performance, or achievements of FMIC to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking statements herein. Forward-looking statements are not a guarantee of future performance. Although FMIC believes that any forward-looking statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such statements, there can be no assurance that any such forward-looking statements will prove to be accurate. Actual results may vary, and vary materially, from those expressed or implied by the forward-looking statements herein. Accordingly, readers are advised to rely on their own evaluation of the risks and uncertainties inherent in forward-looking statements herein and should not place undue reliance upon such forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Any forward-looking statements herein are made only as of the date hereof, and except as required by applicable laws, FMIC assumes no obligation and disclaims any intention to update or revise any forward-looking statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking statements herein, whether as a result of new information, future events or results, or otherwise.
Yahoo
15-05-2025
- Business
- Yahoo
Konsolidator launches FP&A project to fully automate Cash Flow forecasting
Press release no. 2-2025Copenhagen, May 15, 2025 Konsolidator launches FP&A project to fully automate Cash Flow forecasting Konsolidator announces the launch of a new Financial Planning & Analysis (FP&A) project aimed at delivering automated predictive forecasting for finance teams in corporate groups. The new tool is a significant step in Konsolidator's 2025–2027 Resilient Growth strategy, broadening the company's financial software suite. Fits well into Konsolidator's existing platform With cloud ERP adoption and access to real-time financial data, the timing is right to bring automated predictive forecasting into the financial operations of corporate groups. The new tool will integrate into Konsolidator's core offering, enabling finance teams to take greater control of budgeting and forecasting using the financial data within the platform. This includes offering automated cash flow forecasting, a pain point for many CFOs. Cash flow forecasting at a group level is one of the most complex and essential things to get right. The future CFO won't just report the past; they will be enabled to predict the future. Data accessibility has evolved significantly in the finance functions with the adoption of cloud technology, especially ERP systems. AI's ability to analyze complex and large data sets makes predictive forecasting an obvious choice for CFO's. New Head of FP&A will lead the development Konsolidator has appointed Frederik Meinertsen as Head of FP&A, a newly established role that marks a significant step in the company's 2027 strategy, Resilient Growth. Frederik Meinertsen brings two decades of experience in the financial and technology sector, having worked in management consulting and led teams of FP&A specialists. As Head of FP&A, he will be responsible for developing, testing, and launching the new product. Frederik Meinertsen, Head of FP&A at Konsolidator, says, "Forecasting cash flows and doing proper consolidation are complex tasks. Making seamless solutions available to group finance on the same platform is not only logical, but it will also enable the utilization of Business Intelligence and AI at a whole new level.' 2025-2027 strategy: Broader product offerings The FP&A tool is part of Konsolidator's broader Build, Buy, Partner approach, one of four strategic pillars of the Resilient Growth strategy. "This is a logical next step for Konsolidator," says Claus Finderup Grove, CEO at Konsolidator. "Our customers have been asking for a more advanced way to budget and forecast. With the data already flowing through our platform and Frederik leading the development, we're now in a strong position to deliver a tool that does exactly that. By way of this development, Konsolidator elevates our product offering to not only provide reliable but also predictive financial data." Additional details, including the product name and pricing model, will be announced closer to the launch. Finance teams and partners interested in early access or beta participation are encouraged to contact Konsolidator directly. Contacts CEO: Claus Finderup Grove, mobile +45 2095 2988, cfg@ CFO: Jack Skov, mobile +45 2282 8845, js@ About Konsolidator Konsolidator A/S is a financial consolidation software company whose primary objective is to make Group CFOs around the world better through automated financial consolidation and reporting in the cloud. Created by CFOs and auditors and powered by innovative technology, Konsolidator removes the complexity of financial consolidation and enables the CFO to save time and gain actionable insights based on key performance data to become a vital part of strategic decision-making. Konsolidator was listed at Nasdaq First North Growth Market Denmark in 2019. Ticker Code: KONSOL Attachment Press Release no 2-2025 - FP&A in KonsolidatorError 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
