Latest news with #25thAnnualInvestorConference
Business Wire
21-05-2025
- Business
- Business Wire
OSI Systems to Participate in B. Riley Securities 25th Annual Investor Conference
HAWTHORNE, Calif.--(BUSINESS WIRE)-- OSI Systems, Inc. (NASDAQ: OSIS) today announced that the Company is scheduled to participate in the B. Riley Securities 25 th Annual Investor Conference on May 22, 2025, in Marina Del Rey, California. The event features a comprehensive schedule with multiple tracks, including moderated fireside chats, panel discussions, and one-on-one investor meetings. OSI Systems' fireside chat will be held on Thursday, May 22 nd at 08:15am PT. About OSI Systems, Inc. OSI Systems, Inc. is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. We combine more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end-product markets. For more information on OSI Systems, Inc. or any of its subsidiary companies, visit News Filter: OSIS-G
Yahoo
21-05-2025
- Business
- Yahoo
OSI Systems to Participate in B. Riley Securities 25th Annual Investor Conference
HAWTHORNE, Calif., May 21, 2025--(BUSINESS WIRE)--OSI Systems, Inc. (NASDAQ: OSIS) today announced that the Company is scheduled to participate in the B. Riley Securities 25th Annual Investor Conference on May 22, 2025, in Marina Del Rey, California. The event features a comprehensive schedule with multiple tracks, including moderated fireside chats, panel discussions, and one-on-one investor meetings. OSI Systems' fireside chat will be held on Thursday, May 22nd at 08:15am PT. About OSI Systems, Inc. OSI Systems, Inc. is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. We combine more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end-product markets. For more information on OSI Systems, Inc. or any of its subsidiary companies, visit News Filter: OSIS-G View source version on Contacts OSI Systems, Inc. Ajay VashishatVice President, Business Development310-349-2237avashishat@ 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
Business Wire
14-05-2025
- Business
- Business Wire
GCT Semiconductor Holding, Inc. Provides Business Update and Reports First Quarter 2025 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--GCT Semiconductor Holding, Inc. ('GCT' or the 'Company') (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today provided an update on business developments and reported financial results for the first quarter ended March 31, 2025. 5G chipset sampling to customers scheduled to begin at the end of May, following completion of fab, wafer processing and delivery of finalized 5G chipsets to GCT facility Share '2025GCT – Year of 5G' Program Update and other Highlights 5G chipset sampling expected to be commencing at the end of May 2025: Finalized 5G chipsets are now being evaluated at GCT's facility following successful acceleration and completion of production milestones through early May Signed a letter of intent with Orbic North America to jointly develop and supply a mobile hotspot and FWA gateway utilizing a Verizon-certified 5G module based on GCT's new 5G chipset Announcing upcoming attendance of the B. Riley Securities 25th Annual Investor Conference on May 21-22 at the Ritz-Carlton, Marina Del Rey (Los Angeles) 'We are thrilled to have our finalized 5G chipsets in hand, as our upcoming customer sampling will act as a binary catalyst for our company and our shareholders,' said John Schlaefer, Chief Executive Officer of GCT. 'I'm pleased to say that our '202 5G CT – Year of 5G' initiative is starting to yield positive results, as we've successfully accelerated the wafer fabrication and assembly processes, while further strengthening customer engagement.' 'We are now entering the next phase of our 5G transition. As we focus on sampling and launching our 5G chipsets, we have fully aligned our internal resources with this strategic priority. We expect this shift to begin positively impacting both our revenue and gross margin in the second half of the year, as 5G product shipments increase with an average selling price of approximately four times that of our 4G offering,' said Edmond Cheng, Chief Financial Officer of GCT. 'In the meantime, as we advance toward securing external financing, our recently filed shelf registration—providing up to $200 million in capacity, including a $75 million at-the-market (ATM) facility—significantly enhances the Company's financial flexibility and expands our available funding options.' First Quarter 2025 Financial Results Results compare the 2025 fiscal first quarter ended March 31, 2025 to the 2024 fiscal first quarter ended March 31, 2024. Fiscal first quarter 2024 results included a one-time gain on extinguishment of liability of $14.6 million, which impacted total operating expenses and net income. Net revenues were $0.5 million, an 84.8% decrease from $3.3 million. Gross margin was 17.7%, a 42.1 percentage point decrease from 59.8%. Total operating expenses (income) were $7.8 million, a 248.2% increase from $(5.3) million, primarily due to the one-time gain on extinguishment of liability of $14.6 million in the first quarter of 2024. Excluding the one-time gain, total operating expenses would have decreased by $1.5 million or 16.3%. Net income (loss) was $(7.0) million, a 1020.5% decrease from $0.8 million, primarily due to the one-time gain on extinguishment of liability of $14.6 million in the first quarter of 2024. Liquidity The Company's existing sources of liquidity as of March 31, 2025, include cash and cash equivalents of $1.0 million, net accounts receivable of $4.5 million, and inventory of $3.1 million. 5G Outlook The Company expects the sampling of its 5G chipsets to commence at the end of May 2025 and volume shipments to increase through the third and fourth fiscal quarters of 2025. Conference Call The Company will hold a conference call and live webcast today at 4:30 p.m. ET or 1:30 p.m. PST, which will be open to the public. During the conference call, the Company will discuss business updates and review the financial results, followed by a Q&A period. Date: Wednesday, May 14, 2025 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Dial-in information: Please register in advance of the call here. Webcast (listen-only): To listen to the webcast use the following LINK. A replay of the webcast will be available via the Investors section of the GCT website at Upcoming Conference Schedule GCT's management team is scheduled to attend the B. Riley Securities 25th Annual Investor Conference on May 21-22 at the Ritz-Carlton, Marina Del Rey (Los Angeles). For additional information or to schedule a one-on-one meeting, please contact your representative or email GCT's investor relations contact at gct@ About GCT Semiconductor Holding, Inc. GCT is a leading fabless designer and supplier of advanced 5G and 4G LTE semiconductor solutions. GCT's market-proven solutions have enabled fast and reliable 4G LTE connectivity to numerous commercial devices such as CPEs, mobile hotspots, routers, M2M applications, smartphones, etc., for the world's top wireless carriers. GCT's system-on-chip solutions integrate radio frequency, baseband modem and digital signal processing functions, therefore offering complete 4G and 5G platform solutions with small form factors, low power consumption, high performance, high reliability, and cost-effectiveness. For more information, visit Cautionary Statement Regarding Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1955. These forward-looking statements include, without limitation, the Company's expectations with respect to its business operations; the expected timeline to commence shipment of 5G chipsets; the anticipated growth of 5G markets and opportunities; the benefits of development agreements with partners; the ability for the Company to improve financial performance; the ability of the Company to raise sufficient capital to fund its operations; the ability of the Company's technology and products to address new markets and meet customer demands; the execution of go-to-market strategies; and the anticipated size of addressable markets by the Company's products. Words such as 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result,' and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company's control and are difficult to predict. Factors that may cause actual future events to differ materially from the expected results, include, but are not limited to: the ability of the Company to develop its 5G products and generate revenue; the ability to enter into and meet the obligations under partnership and collaboration agreements; the ability of the Company to grow and manage growth profitability and retain its key employees; the Company's financial and business performance, including the Company's financial projections and business metrics; changes in the Company's strategy, future operations, financial position, estimated revenues and losses, forecasts, projected costs, prospects and plans; the Company's inability to anticipate the future market demands and future needs of its customers; the impact of component shortages, suppliers' lack of production capacity, natural disasters or pandemics on the Company's sourcing operations and supply chain; the Company's future capital requirements and sources and uses of cash; the ability to implement business plans, forecasts, and other expectations, including the growth of the 5G market; the risk that the Company may not be able to repay its debt; the risk of economic downturns that affects the Company's business operation and financial performance; the risk that the Company may not be able to develop and design its products acceptable to its customers; actual or potential conflicts of interest of the Company's management with its public stockholders; macroeconomic conditions, including market conditions, global and economic conditions, labor disputes, inflationary impacts, and disruptions to the global supply chain; the imposition of duties and tariffs and other trade barriers and retaliatory countermeasures implemented by the U.S. and other governments; and other risks and uncertainties indicated from time to time in Company's filings with the SEC, including the Annual Report on Form 10-K, and quarterly reports on Form 10-Q, and those disclosures under the "Risk Factors" section therein. The foregoing list of factors is not exhaustive. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. GCT Semiconductor Holding, Inc. Consolidated Balance Sheets December 31, 2024 Assets Current assets: Cash and cash equivalents $ 1,039 $ 1,435 Accounts receivable, net 4,541 5,740 Inventory 3,124 2,977 Contract assets 5,499 5,107 Prepaid expenses and other current assets 1,211 2,332 Total current assets 15,414 17,591 Property and equipment, net 851 869 Operating lease right-of-use assets 680 849 Intangibles, net 32 65 Other assets 499 523 Total assets $ 17,476 $ 19,897 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable $ 1,438 $ 1,031 Contract liabilities 36 48 Accrued and other current liabilities 19,168 21,205 Common stock forward liability 20 315 Borrowings 45,216 37,626 Convertible promissory notes, current 4,966 — Operating lease liabilities, current 583 697 Total current liabilities 71,427 60,922 Convertible promissory notes, net of current — 4,947 Net defined benefit liabilities 7,300 7,055 Long-term operating lease liabilities 120 177 Income taxes payable 2,074 2,076 Warrant liabilities 2,101 3,750 Other liabilities 80 285 Total liabilities 83,102 79,212 Commitments and contingencies Stockholders' deficit: Common stock 5 5 Additional paid-in capital 501,903 501,195 Accumulated other comprehensive income 1,467 1,518 Accumulated deficit (569,001 ) (562,033 ) Total stockholders' deficit (65,626 ) (59,315 ) Total liabilities and stockholders' deficit $ 17,476 $ 19,897 Expand GCT Semiconductor Holding, Inc. Consolidated Statements of Operations (unaudited, in thousands, except per share amounts) Three Months Ended March 31, 2025 2024 Net revenues: Product $ 91 $ 2,378 Service 405 887 Total net revenues 496 3,265 Cost of net revenues: Product 207 654 Service 201 658 Total cost of net revenues 408 1,312 Gross profit 88 1,953 Operating expenses: Research and development 4,096 5,521 Sales and marketing 1,118 996 General and administrative 2,614 2,836 Gain on extinguishment of liability — (14,636 ) Total operating expenses 7,828 (5,283 ) Income (loss) from operations (7,740 ) 7,236 Interest expense (1,070 ) (2,082 ) Gain on foreign currency transactions, net 21 1,472 Change in fair value of common stock forward liability 295 — Change in fair value of common stock warrant liabilities 1,649 (4,626 ) Change in fair value of convertible promissory notes (19 ) (1,203 ) Other income, net 1 19 Income (loss) before provision for income taxes (6,863 ) 816 Provision for income taxes 105 59 Net income (loss) $ (6,968 ) $ 757 Net income (loss) per common share: Basic and diluted $ (0.15 ) $ 0.03 Weighted average common shares outstanding: Basic 47,606 25,468 Diluted 47,606 26,257 Expand
Yahoo
14-05-2025
- Business
- Yahoo
GCT Semiconductor Holding, Inc. Provides Business Update and Reports First Quarter 2025 Financial Results
5G chipset sampling to customers scheduled to begin at the end of May, following completion of fab, wafer processing and delivery of finalized 5G chipsets to GCT facility SAN JOSE, Calif., May 14, 2025--(BUSINESS WIRE)--GCT Semiconductor Holding, Inc. ("GCT" or the "Company") (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today provided an update on business developments and reported financial results for the first quarter ended March 31, 2025. "2025GCT – Year of 5G" Program Update and other Highlights 5G chipset sampling expected to be commencing at the end of May 2025: Finalized 5G chipsets are now being evaluated at GCT's facility following successful acceleration and completion of production milestones through early May Signed a letter of intent with Orbic North America to jointly develop and supply a mobile hotspot and FWA gateway utilizing a Verizon-certified 5G module based on GCT's new 5G chipset Announcing upcoming attendance of the B. Riley Securities 25th Annual Investor Conference on May 21-22 at the Ritz-Carlton, Marina Del Rey (Los Angeles) "We are thrilled to have our finalized 5G chipsets in hand, as our upcoming customer sampling will act as a binary catalyst for our company and our shareholders," said John Schlaefer, Chief Executive Officer of GCT. "I'm pleased to say that our '2025GCT – Year of 5G' initiative is starting to yield positive results, as we've successfully accelerated the wafer fabrication and assembly processes, while further strengthening customer engagement." "We are now entering the next phase of our 5G transition. As we focus on sampling and launching our 5G chipsets, we have fully aligned our internal resources with this strategic priority. We expect this shift to begin positively impacting both our revenue and gross margin in the second half of the year, as 5G product shipments increase with an average selling price of approximately four times that of our 4G offering," said Edmond Cheng, Chief Financial Officer of GCT. "In the meantime, as we advance toward securing external financing, our recently filed shelf registration—providing up to $200 million in capacity, including a $75 million at-the-market (ATM) facility—significantly enhances the Company's financial flexibility and expands our available funding options." First Quarter 2025 Financial Results Results compare the 2025 fiscal first quarter ended March 31, 2025 to the 2024 fiscal first quarter ended March 31, 2024. Fiscal first quarter 2024 results included a one-time gain on extinguishment of liability of $14.6 million, which impacted total operating expenses and net income. Net revenues were $0.5 million, an 84.8% decrease from $3.3 million. Gross margin was 17.7%, a 42.1 percentage point decrease from 59.8%. Total operating expenses (income) were $7.8 million, a 248.2% increase from $(5.3) million, primarily due to the one-time gain on extinguishment of liability of $14.6 million in the first quarter of 2024. Excluding the one-time gain, total operating expenses would have decreased by $1.5 million or 16.3%. Net income (loss) was $(7.0) million, a 1020.5% decrease from $0.8 million, primarily due to the one-time gain on extinguishment of liability of $14.6 million in the first quarter of 2024. Liquidity The Company's existing sources of liquidity as of March 31, 2025, include cash and cash equivalents of $1.0 million, net accounts receivable of $4.5 million, and inventory of $3.1 million. 5G Outlook The Company expects the sampling of its 5G chipsets to commence at the end of May 2025 and volume shipments to increase through the third and fourth fiscal quarters of 2025. Conference Call The Company will hold a conference call and live webcast today at 4:30 p.m. ET or 1:30 p.m. PST, which will be open to the public. During the conference call, the Company will discuss business updates and review the financial results, followed by a Q&A period. Date: Wednesday, May 14, 2025Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)Dial-in information: Please register in advance of the call (listen-only): To listen to the webcast use the following LINK. A replay of the webcast will be available via the Investors section of the GCT website at Upcoming Conference Schedule GCT's management team is scheduled to attend the B. Riley Securities 25th Annual Investor Conference on May 21-22 at the Ritz-Carlton, Marina Del Rey (Los Angeles). For additional information or to schedule a one-on-one meeting, please contact your representative or email GCT's investor relations contact at gct@ About GCT Semiconductor Holding, Inc. GCT is a leading fabless designer and supplier of advanced 5G and 4G LTE semiconductor solutions. GCT's market-proven solutions have enabled fast and reliable 4G LTE connectivity to numerous commercial devices such as CPEs, mobile hotspots, routers, M2M applications, smartphones, etc., for the world's top wireless carriers. GCT's system-on-chip solutions integrate radio frequency, baseband modem and digital signal processing functions, therefore offering complete 4G and 5G platform solutions with small form factors, low power consumption, high performance, high reliability, and cost-effectiveness. For more information, visit Cautionary Statement Regarding Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1955. These forward-looking statements include, without limitation, the Company's expectations with respect to its business operations; the expected timeline to commence shipment of 5G chipsets; the anticipated growth of 5G markets and opportunities; the benefits of development agreements with partners; the ability for the Company to improve financial performance; the ability of the Company to raise sufficient capital to fund its operations; the ability of the Company's technology and products to address new markets and meet customer demands; the execution of go-to-market strategies; and the anticipated size of addressable markets by the Company's products. Words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company's control and are difficult to predict. Factors that may cause actual future events to differ materially from the expected results, include, but are not limited to: the ability of the Company to develop its 5G products and generate revenue; the ability to enter into and meet the obligations under partnership and collaboration agreements; the ability of the Company to grow and manage growth profitability and retain its key employees; the Company's financial and business performance, including the Company's financial projections and business metrics; changes in the Company's strategy, future operations, financial position, estimated revenues and losses, forecasts, projected costs, prospects and plans; the Company's inability to anticipate the future market demands and future needs of its customers; the impact of component shortages, suppliers' lack of production capacity, natural disasters or pandemics on the Company's sourcing operations and supply chain; the Company's future capital requirements and sources and uses of cash; the ability to implement business plans, forecasts, and other expectations, including the growth of the 5G market; the risk that the Company may not be able to repay its debt; the risk of economic downturns that affects the Company's business operation and financial performance; the risk that the Company may not be able to develop and design its products acceptable to its customers; actual or potential conflicts of interest of the Company's management with its public stockholders; macroeconomic conditions, including market conditions, global and economic conditions, labor disputes, inflationary impacts, and disruptions to the global supply chain; the imposition of duties and tariffs and other trade barriers and retaliatory countermeasures implemented by the U.S. and other governments; and other risks and uncertainties indicated from time to time in Company's filings with the SEC, including the Annual Report on Form 10-K, and quarterly reports on Form 10-Q, and those disclosures under the "Risk Factors" section therein. The foregoing list of factors is not exhaustive. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. GCT Semiconductor Holding, Inc. Consolidated Balance Sheets (unaudited, in thousands, except per share amounts) March 31, 2025 December 31, 2024 Assets Current assets: Cash and cash equivalents $ 1,039 $ 1,435 Accounts receivable, net 4,541 5,740 Inventory 3,124 2,977 Contract assets 5,499 5,107 Prepaid expenses and other current assets 1,211 2,332 Total current assets 15,414 17,591 Property and equipment, net 851 869 Operating lease right-of-use assets 680 849 Intangibles, net 32 65 Other assets 499 523 Total assets $ 17,476 $ 19,897 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable $ 1,438 $ 1,031 Contract liabilities 36 48 Accrued and other current liabilities 19,168 21,205 Common stock forward liability 20 315 Borrowings 45,216 37,626 Convertible promissory notes, current 4,966 — Operating lease liabilities, current 583 697 Total current liabilities 71,427 60,922 Convertible promissory notes, net of current — 4,947 Net defined benefit liabilities 7,300 7,055 Long-term operating lease liabilities 120 177 Income taxes payable 2,074 2,076 Warrant liabilities 2,101 3,750 Other liabilities 80 285 Total liabilities 83,102 79,212 Commitments and contingencies Stockholders' deficit: Common stock 5 5 Additional paid-in capital 501,903 501,195 Accumulated other comprehensive income 1,467 1,518 Accumulated deficit (569,001 ) (562,033 ) Total stockholders' deficit (65,626 ) (59,315 ) Total liabilities and stockholders' deficit $ 17,476 $ 19,897 GCT Semiconductor Holding, Inc. Consolidated Statements of Operations (unaudited, in thousands, except per share amounts) Three Months EndedMarch 31, 2025 2024 Net revenues: Product $ 91 $ 2,378 Service 405 887 Total net revenues 496 3,265 Cost of net revenues: Product 207 654 Service 201 658 Total cost of net revenues 408 1,312 Gross profit 88 1,953 Operating expenses: Research and development 4,096 5,521 Sales and marketing 1,118 996 General and administrative 2,614 2,836 Gain on extinguishment of liability — (14,636 ) Total operating expenses 7,828 (5,283 ) Income (loss) from operations (7,740 ) 7,236 Interest expense (1,070 ) (2,082 ) Gain on foreign currency transactions, net 21 1,472 Change in fair value of common stock forward liability 295 — Change in fair value of common stock warrant liabilities 1,649 (4,626 ) Change in fair value of convertible promissory notes (19 ) (1,203 ) Other income, net 1 19 Income (loss) before provision for income taxes (6,863 ) 816 Provision for income taxes 105 59 Net income (loss) $ (6,968 ) $ 757 Net income (loss) per common share: Basic and diluted $ (0.15 ) $ 0.03 Weighted average common shares outstanding: Basic 47,606 25,468 Diluted 47,606 26,257 View source version on Contacts Investor relations website: Investor relations contact: Gateway Group, Ralf Esper, GCT@ Media contact: Sophie Heerinckx, sheerinckx@
Business Wire
14-05-2025
- Business
- Business Wire
Harrow to Present at Two Investor Conferences in May
NASHVILLE, Tenn.--(BUSINESS WIRE)--Harrow (Nasdaq: HROW), a leading North American eyecare pharmaceutical company, today announced that management will participate in the following two investor conferences in May: B. Riley Securities 25 th Annual Investor Conference (The Ritz-Carlton, Marina del Rey, CA) Format: Fireside Chat, followed by 1x1 Investor Meetings Craig-Hallum 22 nd Annual Institutional Investor Conference (Depot Renaissance Hotel, Minneapolis, MN) Format: 1x1 and Small Group Investor Meetings Date/Time: Wednesday, May 28, 2025 Investors interested in meeting with management during either conference should contact their B. Riley or Craig-Hallum representative to request a meeting. Neither event will be webcast. About Harrow Harrow, Inc. (Nasdaq: HROW) is a leading eyecare pharmaceutical company engaged in the discovery, development, and commercialization of innovative ophthalmic pharmaceutical products for the North American market. Harrow helps eyecare professionals preserve the gift of sight by making its portfolio of pharmaceutical products accessible and affordable to millions of patients each year. For more information about Harrow, please visit
