Latest news with #EricSemler
Malaysian Reserve
a day ago
- Business
- Malaysian Reserve
Concordia Shanghai Breaks Ground on Visionary New Rittmann Center
State-of-the-art facility will transform student life through the arts, athletics, and wellness. SHANGHAI, June 13, 2025 /CNW/ — Concordia International School Shanghai is set to break ground on a major redevelopment of the Rittmann Center, expanding the iconic facility into a modern, 13,710-square-meter multi-purpose hub designed to support student excellence in academics, the arts, athletics, and wellness. Named after former Head of School Dr. David Rittmann, the Rittmann Center was first completed in December 2007, with a purpose to enhance the school's creative arts education. More than five times the size of the current building, the new Rittmann Center marks one of the largest facility investments in the school's history. Designed to serve students across all divisions, it embodies Concordia's commitment to innovation, sustainability, and holistic education. The new center will house: An eight-lane, 25-meter competition pool with spectator seating for 240 A professional-grade theater with seating for over 500—a major upgrade from the current 330 Purpose-built music classrooms for band, choir, and strings Six dedicated practice rooms, three ensemble rooms, and a 170m² drama studio Four expansive art studios filled with natural light and designed for creative exploration Two underground floors and four above ground, maximizing space while maintaining a compact campus footprint A green roof and infrastructure built to meet LEED II certification standards, continuing the school's focus on sustainability Architects from Ennead have worked closely with the school to shape a building that's not only functional but inspiring, incorporating advanced acoustic treatments, energy-efficient HVAC systems, and student-centered design principles to support 21st-century learning and performance. 'The Rittmann Center has long been a space where students shine,' said Dr. Eric Semler, Head of School. 'This new facility will take that to the next level—empowering students to explore their passions, build confidence, and thrive in a community that celebrates their talents.' Construction will begin after the end of the 2024–25 school year and is expected to be completed by July 2027. To minimize disruption to learning, the school has implemented: Phased construction scheduling tied to school breaks Sound barriers, vibration dampeners, and dust suppression systems Dedicated traffic flow systems to avoid student movement areas 'This is more than a building project – it's an investment in our students' future. It's about creating an environment where future generations can learn, perform, and grow,' added Dr. Semler. About Concordia International School Shanghai Founded in 1998, Concordia International School Shanghai is a co-educational day school that offers a comprehensive American-style education to students from Preschool through High School. Located in Jinqiao, an international community in Shanghai's Pudong New Area, we are dedicated to cultivating the unique gifts of our students in any areas they are passionate about. Our approach focuses on nurturing every student through a journey of personal and academic growth, offering innovative academic programs, enriching extracurricular activities, and instilling strong character and values.
Korea Herald
a day ago
- Business
- Korea Herald
Concordia Shanghai Breaks Ground on Visionary New Rittmann Center
State-of-the-art facility will transform student life through the arts, athletics, and wellness. SHANGHAI, June 13, 2025 /PRNewswire/ -- Concordia International School Shanghai is set to break ground on a major redevelopment of the Rittmann Center, expanding the iconic facility into a modern, 13,710-square-meter multi-purpose hub designed to support student excellence in academics, the arts, athletics, and wellness. Named after former Head of School Dr. David Rittmann, the Rittmann Center was first completed in December 2007, with a purpose to enhance the school's creative arts education. More than five times the size of the current building, the new Rittmann Center marks one of the largest facility investments in the school's history. Designed to serve students across all divisions, it embodies Concordia's commitment to innovation, sustainability, and holistic education. The new center will house: Architects from Ennead have worked closely with the school to shape a building that's not only functional but inspiring, incorporating advanced acoustic treatments, energy-efficient HVAC systems, and student-centered design principles to support 21st-century learning and performance. "The Rittmann Center has long been a space where students shine," said Dr. Eric Semler, Head of School. "This new facility will take that to the next level—empowering students to explore their passions, build confidence, and thrive in a community that celebrates their talents." Construction will begin after the end of the 2024–25 school year and is expected to be completed by July 2027. To minimize disruption to learning, the school has implemented: "This is more than a building project - it's an investment in our students' future. It's about creating an environment where future generations can learn, perform, and grow," added Dr. Semler. Founded in 1998, Concordia International School Shanghai is a co-educational day school that offers a comprehensive American-style education to students from Preschool through High School. Located in Jinqiao, an international community in Shanghai's Pudong New Area, we are dedicated to cultivating the unique gifts of our students in any areas they are passionate about. Our approach focuses on nurturing every student through a journey of personal and academic growth, offering innovative academic programs, enriching extracurricular activities, and instilling strong character and values.
Cision Canada
a day ago
- Business
- Cision Canada
Concordia Shanghai Breaks Ground on Visionary New Rittmann Center
State-of-the-art facility will transform student life through the arts, athletics, and wellness. SHANGHAI, June 13, 2025 /CNW/ -- Concordia International School Shanghai is set to break ground on a major redevelopment of the Rittmann Center, expanding the iconic facility into a modern, 13,710-square-meter multi-purpose hub designed to support student excellence in academics, the arts, athletics, and wellness. Named after former Head of School Dr. David Rittmann, the Rittmann Center was first completed in December 2007, with a purpose to enhance the school's creative arts education. More than five times the size of the current building, the new Rittmann Center marks one of the largest facility investments in the school's history. Designed to serve students across all divisions, it embodies Concordia's commitment to innovation, sustainability, and holistic education. The new center will house: An eight-lane, 25-meter competition pool with spectator seating for 240 A professional-grade theater with seating for over 500—a major upgrade from the current 330 Purpose-built music classrooms for band, choir, and strings Six dedicated practice rooms, three ensemble rooms, and a 170m² drama studio Four expansive art studios filled with natural light and designed for creative exploration Two underground floors and four above ground, maximizing space while maintaining a compact campus footprint A green roof and infrastructure built to meet LEED II certification standards, continuing the school's focus on sustainability Architects from Ennead have worked closely with the school to shape a building that's not only functional but inspiring, incorporating advanced acoustic treatments, energy-efficient HVAC systems, and student-centered design principles to support 21st-century learning and performance. "The Rittmann Center has long been a space where students shine," said Dr. Eric Semler, Head of School. "This new facility will take that to the next level—empowering students to explore their passions, build confidence, and thrive in a community that celebrates their talents." Construction will begin after the end of the 2024–25 school year and is expected to be completed by July 2027. To minimize disruption to learning, the school has implemented: Phased construction scheduling tied to school breaks Sound barriers, vibration dampeners, and dust suppression systems Dedicated traffic flow systems to avoid student movement areas "This is more than a building project - it's an investment in our students' future. It's about creating an environment where future generations can learn, perform, and grow," added Dr. Semler. About Concordia International School Shanghai Founded in 1998, Concordia International School Shanghai is a co-educational day school that offers a comprehensive American-style education to students from Preschool through High School. Located in Jinqiao, an international community in Shanghai's Pudong New Area, we are dedicated to cultivating the unique gifts of our students in any areas they are passionate about. Our approach focuses on nurturing every student through a journey of personal and academic growth, offering innovative academic programs, enriching extracurricular activities, and instilling strong character and values.
Yahoo
19-05-2025
- Business
- Yahoo
Semler Scientific® Appoints Natalie Brunell to its Board of Directors
CAMPBELL, Calif., May 19, 2025 /PRNewswire/ -- Semler Scientific, Inc. (Nasdaq: SMLR), a publicly traded company that has adopted Bitcoin as its primary treasury reserve asset and is one of the leading corporate holders of Bitcoin, announced the appointment of Natalie Brunell to its board of directors. This strategic addition reflects Semler Scientific's continued commitment to its Bitcoin treasury strategy and further strengthens its leadership within the Bitcoin community. "We are thrilled to welcome Natalie to our board of directors," said Eric Semler, chairman of Semler Scientific. "Natalie is a highly respected journalist and educator – and a leading advocate for Bitcoin, with a deep understanding of its role as a transformative asset. As the 4th largest U.S. public company on the Bitcoin Standard in terms of Bitcoin holdings, we believe we are a strategic asset. Her insights will be instrumental as we pursue our Bitcoin treasury strategy and aim to deliver long-term value to our stockholders." "I am honored to join Semler Scientific's board at such an exciting time in the company's journey," said Natalie Brunell, board member of Semler Scientific. "As one of the leaders in adopting Bitcoin as a primary treasury reserve asset, Semler Scientific's innovative approach sets a powerful example for companies globally. I look forward to contributing to the continued growth and success of the company's Bitcoin strategy, and helping shape the future of corporate treasury management in the digital age." About Natalie Brunell: Natalie Brunell shines in the Bitcoin space as a top-rated podcast host, influential educator, and poised media commentator. As the leading Bitcoin podcast, 'Coin Stories' is a deep, engaging dive into the revolutionary Bitcoin network and how it intersects with global economics and technology trends. Natalie's incisive interviews do more than just explore the nuances of finance; they reveal the human element behind the headlines, offering a compelling narrative about the relentless pursuit of the American Dream in the digital Natalie was an award-winning TV journalist and investigative reporter. For more than 10 years she covered in-depth local and national news topics and holds a regional news Emmy for breaking news was also an adjunct professor of advanced communication and visual storytelling at the University of Southern California. She holds a Master's of Science in Journalism from Northwestern University. About Semler Scientific, Inc.: Semler Scientific, Inc. is a publicly traded company that has adopted Bitcoin as its primary treasury reserve asset and is one of the leading corporate holders of Bitcoin. In May 2024, Semler Scientific became the second U.S. publicly traded company to adopt a Bitcoin treasury strategy. By using proceeds from equity and debt financings, as well as cash flows from operations, Semler Scientific intends to strategically accumulate Bitcoin. In addition, through its healthcare business, Semler Scientific is a pioneer in developing and marketing technology products and services to assist its customers in evaluating and treating chronic diseases. Its flagship product, QuantaFlo®, which is patented and cleared by the U.S. Food and Drug Administration (FDA), is a rapid point-of-care test that measures arterial blood flow in the extremities. The QuantaFlo test aids in the diagnosis of cardiovascular diseases, such as peripheral arterial disease (PAD), and Semler Scientific is seeking a new 510(k) clearance for expanded indications. QuantaFlo is used by healthcare providers to evaluate their patient's risk of mortality and major adverse cardiovascular events (MACE). Additional information about Semler Scientific can be found at INVESTOR CONTACT: Renae CormierChief Financial Officerir@ View original content to download multimedia: SOURCE Semler Scientific, Inc. 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
16-05-2025
- Business
- Yahoo
Semler Scientific Inc (SMLR) Q1 2025 Earnings Call Highlights: Navigating Revenue Decline and ...
Total Revenue: $8.8 million in Q1 2025, down 44% compared to Q1 2024. Operating Expenses: $39.9 million in Q1 2025, including a $29.8 million contingency reserve for DOJ settlement. Loss from Operations: $31.1 million in Q1 2025, compared to income from operations of $7 million in Q1 2024. Net Loss: $64.7 million or $6.74 per share in Q1 2025, compared to net income of $6.1 million or $0.88 per share in Q1 2024. Bitcoin Holdings: 3,808 bitcoins valued at approximately $400 million, with a net unrealized fair value gain of $59 million. Cash, Cash Equivalents, and Restricted Cash: $9.9 million as of March 31, 2025. Convertible Note Financing: $100 million raised in Q1 2025, primarily used for bitcoin purchases. ATM Program: $500 million program effective April 22, 2025, with $61 million raised through May 12. Warning! GuruFocus has detected 5 Warning Signs with SMLR. Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Semler Scientific Inc (NASDAQ:SMLR) has successfully acquired 3,808 bitcoins, valued at approximately $400 million, making it the fourth largest bitcoin treasury company in the US. The company achieved a 152.8% positive bitcoin yield since adopting bitcoin as its primary treasury reserve asset, resulting in significant gains. Semler Scientific Inc (NASDAQ:SMLR) has ambitious plans to further increase its bitcoin holdings with a new $500 million ATM program. The company is diversifying its customer base and introducing additional FDA-cleared products in the cardiovascular space, which shows potential for future growth. Despite challenges, the company's stock has appreciated 64% in less than 12 months, outperforming the S&P 500's 9% increase. Total revenues in Q1 2025 were $8.8 million, down about 44% compared to the first quarter of 2024. Operating expenses in Q1 2025 increased significantly to $39.9 million, including a $29.8 million contingency reserve related to a DOJ settlement. The company reported a net loss of $64.7 million for Q1 2025, compared to a net income of $6.1 million in Q1 2024. There was a net unrealized loss of $41.8 million from the change in fair value of bitcoin holdings, introducing volatility to reported net income. The healthcare business faced pressure from CMS payment changes, impacting revenue and requiring strategic adjustments to maintain operations. Q: What are your plans this year for accumulating more bitcoin? A: Eric Semler, Independent Chairman of the Board, stated that the company has extremely ambitious plans to accretively acquire more bitcoin. They aim to aggressively increase their bitcoin stockpile, currently valued at close to $400 million, and are utilizing a recently authorized $500 million ATM to achieve this. They are confident in accessing additional financing sources to buy more bitcoin, inspired by MicroStrategy's success in the market. Q: What's driving the underlying trends in the business, and what do you expect for 2025? A: Jennifer Herrington, Chief Operating Officer, explained that despite government decisions affecting payment for risk adjustment for PAD, the company continues to see ongoing testing and customer base additions, albeit at decreased volumes. The priority for 2025 is to minimize declines in QuantaFlo revenue while supporting and growing operations related to other cardiovascular disease states. They aim to diversify and expand their customer base and target new markets. Q: How did the financial results for Q1 2025 compare to the previous year? A: Renae Cormier, Chief Financial Officer, reported that total revenues in Q1 2025 were $8.8 million, down about 44% compared to Q1 2024. Operating expenses increased significantly due to unusual items, including a $29.8 million contingency reserve related to a DOJ settlement. The net loss for Q1 2025 was $64.7 million, compared to a net income of $6.1 million in Q1 2024. Q: What impact did bitcoin holdings have on the financial results? A: Renae Cormier noted that other expenses included a net unrealized loss of $41.8 million from the change in fair value of bitcoin holdings. This introduced volatility into reported net income but did not impact cash flow from operations. The net unrealized loss on bitcoin holdings was $17 million as of March 31, 2025, but could have been a gain if bitcoin prices were higher. Q: What are the strategic priorities for Semler Scientific moving forward? A: The company emphasized its ongoing commitment to executing its bitcoin treasury strategy and health care business. They plan to manage the health care business to generate cash for general corporate purposes, including purchasing more bitcoin. The focus remains on maintaining their position at the forefront of medical and financial freedom. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
