Latest news with #FinancialStatements
Yahoo
15 hours ago
- Business
- Yahoo
Enablence Technologies Inc. Announces Third Quarter Fiscal 2025 Financial Results
Ottawa, Ontario--(Newsfile Corp. - May 30, 2025) - Enablence Technologies Inc. (TSXV: ENA) ("Enablence" or the "Company"), a leading provider of optical chips and sub systems that perform communications, sensing and computing datacom, telecom, automotive and artificial intelligence (AI) applications has filed its audited financial statements for the third quarter ending March 31, 2025 and related management's discussion and analysis and certifications (collectively, the "Financial Statements"). Electronic copies of the Financial Statements are available on SEDAR ( under Enablence's issuer profile. Commenting on the Company's third quarter, fiscal year 2025 performance, CEO, Todd Haugen stated, "The macro-economic outlook has been disrupted by recent, short-term geo-political events that impacted supply chain operations of Enablence and the industry at large. Despite the challenges posed by these extraordinary events, I am pleased to report that we have been able to minimize the global impact of these events on our operational plan for the time-being and can report another strong quarter. Consequently, we remain committed to the lower end of the previously stated guidance in respect of our revenue target for Fiscal Year 2025." "Our order book is strong, and we continue to grow revenue in our core datacom business which is strengthening in line with expectations," said Haugen. "In addition, we are gaining new market share and customers in artificial intelligence and advanced vision businesses, especially in the LiDAR space as evidenced by the recent Light IC announcement unveiling the first FMCW chip for LiDAR applications. In terms of our strategic growth plan, I can report that demand continues to be strong across all three businesses – optical communications, optical sensing, and optical compute." Financial Highlights Enablence is pleased to provide the following highlights for the third quarter 2025FY (all dollar figures are expressed in thousands of United States dollars): Revenue Growth: Revenue for the three months ended March 31, 2025 was $1,248 as compared to $412 for the same period in the prior year, an increase of $836 or 203%. For the nine months ended March 31, 2025, revenue was $2,869, up 294% from $977 in the same period last year. Gross Margin Improvement: The company's gross margin declined by $172, with a reported gross margin of $(782) for the quarter, compared to $(610) in the previous year. While there was a nominal decline, the gross margin percentage improved significantly as capacity increased. Net Loss Increase: Enablence reported a net loss of $3,023, compared to a $2,069 net loss in the same quarter last year, an increase of 46%. The slightly higher loss was driven by investments in Sales & Marketing, R&D and investments in capacity. Improved Comprehensive Loss Position: The company's comprehensive loss increased to $4,384 for the quarter, compared to $2,954 in the same period last year. Stronger Cash Position: Enablence ended the quarter with $3,422 in cash and cash equivalents, a significant increase from $614 as of March 31, 2024, supporting its ongoing operations and future growth initiatives. Continuing Investment: Investors injected another $4,528 in new funding over the period as the Company continues to invest in manufacturing capacity and R&D as its products continue to gain significant traction. Outlook Based on the Company's current business outlook, management expects the overall performance for Fiscal Year 2025 to be as follows: Guidance in respect of our revenue target for FY25 remains $6M +/- $0.5M Based on current updated projections, we expect to become gross margin positive in calendar year 2025. The "Financial Highlights" above are qualified in their entirety by the Financial Statements, which are available on SEDAR ( under Enablence's issuer profile. For additional information on the Company, please refer to the investor presentation of the Company, which is available on Enablence's website ( in the "Corporate - Investors" tab. About Enablence Technologies Inc. Enablence is a publicly traded company listed on the TSX Venture Exchange (TSXV: ENA) that designs, markets and sells optical chips and sub systems, primarily in the form of planar lightwave circuits (PLC), on silicon-based chips for datacom, telecom, automotive and artificial intelligence (AI) applications. Enablence products serve a global customer base, primarily focused today on data center and other rapidly growing end markets. Enablence also works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR, and virtual and augmented reality headsets. In select strategic circumstances, the Company also uses its proprietary, non-captive fabrication plant in Fremont, California to manufacture chips designed by third party customers. For more information, visit: For more information contact: Stan Besko, MBA, CFOEnablence Technologies Todd Haugen, CEOEnablence Technologies Ali MahdaviCapital Markets & Investor Relationsam@ Media and AnalystsAlison ParnellHill and Kincaid Marketing & PRpress@ Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking statements regarding the Company based on current expectations and assumptions of management, which involve known and unknown risks and uncertainties associated with our business and the economic environment in which the business operates. All such statements are forward-looking statements under applicable Canadian securities legislation. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. These statements are based on current expectations that involve several risks and uncertainties which could cause actual results to differ from those anticipated. Although the Company believes that the expectations reflected in the forward-looking statements contained in this news release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. We caution our readers of this news release not to place undue reliance on our forward-looking statements as a few factors could cause actual results or conditions to differ materially from current expectations. Additional information on these and other factors that could affect the Company's operations are set forth in the Company's continuous disclosure documents that can be found on SEDAR ( under Enablence's issuer profile. Enablence does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether because of new information, future events or otherwise. Neither 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. To view the source version of this press release, please visit
Yahoo
15 hours ago
- Business
- Yahoo
Enablence Technologies Inc. Announces Third Quarter Fiscal 2025 Financial Results
Ottawa, Ontario--(Newsfile Corp. - May 30, 2025) - Enablence Technologies Inc. (TSXV: ENA) ("Enablence" or the "Company"), a leading provider of optical chips and sub systems that perform communications, sensing and computing datacom, telecom, automotive and artificial intelligence (AI) applications has filed its audited financial statements for the third quarter ending March 31, 2025 and related management's discussion and analysis and certifications (collectively, the "Financial Statements"). Electronic copies of the Financial Statements are available on SEDAR ( under Enablence's issuer profile. Commenting on the Company's third quarter, fiscal year 2025 performance, CEO, Todd Haugen stated, "The macro-economic outlook has been disrupted by recent, short-term geo-political events that impacted supply chain operations of Enablence and the industry at large. Despite the challenges posed by these extraordinary events, I am pleased to report that we have been able to minimize the global impact of these events on our operational plan for the time-being and can report another strong quarter. Consequently, we remain committed to the lower end of the previously stated guidance in respect of our revenue target for Fiscal Year 2025." "Our order book is strong, and we continue to grow revenue in our core datacom business which is strengthening in line with expectations," said Haugen. "In addition, we are gaining new market share and customers in artificial intelligence and advanced vision businesses, especially in the LiDAR space as evidenced by the recent Light IC announcement unveiling the first FMCW chip for LiDAR applications. In terms of our strategic growth plan, I can report that demand continues to be strong across all three businesses – optical communications, optical sensing, and optical compute." Financial Highlights Enablence is pleased to provide the following highlights for the third quarter 2025FY (all dollar figures are expressed in thousands of United States dollars): Revenue Growth: Revenue for the three months ended March 31, 2025 was $1,248 as compared to $412 for the same period in the prior year, an increase of $836 or 203%. For the nine months ended March 31, 2025, revenue was $2,869, up 294% from $977 in the same period last year. Gross Margin Improvement: The company's gross margin declined by $172, with a reported gross margin of $(782) for the quarter, compared to $(610) in the previous year. While there was a nominal decline, the gross margin percentage improved significantly as capacity increased. Net Loss Increase: Enablence reported a net loss of $3,023, compared to a $2,069 net loss in the same quarter last year, an increase of 46%. The slightly higher loss was driven by investments in Sales & Marketing, R&D and investments in capacity. Improved Comprehensive Loss Position: The company's comprehensive loss increased to $4,384 for the quarter, compared to $2,954 in the same period last year. Stronger Cash Position: Enablence ended the quarter with $3,422 in cash and cash equivalents, a significant increase from $614 as of March 31, 2024, supporting its ongoing operations and future growth initiatives. Continuing Investment: Investors injected another $4,528 in new funding over the period as the Company continues to invest in manufacturing capacity and R&D as its products continue to gain significant traction. Outlook Based on the Company's current business outlook, management expects the overall performance for Fiscal Year 2025 to be as follows: Guidance in respect of our revenue target for FY25 remains $6M +/- $0.5M Based on current updated projections, we expect to become gross margin positive in calendar year 2025. The "Financial Highlights" above are qualified in their entirety by the Financial Statements, which are available on SEDAR ( under Enablence's issuer profile. For additional information on the Company, please refer to the investor presentation of the Company, which is available on Enablence's website ( in the "Corporate - Investors" tab. About Enablence Technologies Inc. Enablence is a publicly traded company listed on the TSX Venture Exchange (TSXV: ENA) that designs, markets and sells optical chips and sub systems, primarily in the form of planar lightwave circuits (PLC), on silicon-based chips for datacom, telecom, automotive and artificial intelligence (AI) applications. Enablence products serve a global customer base, primarily focused today on data center and other rapidly growing end markets. Enablence also works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR, and virtual and augmented reality headsets. In select strategic circumstances, the Company also uses its proprietary, non-captive fabrication plant in Fremont, California to manufacture chips designed by third party customers. For more information, visit: For more information contact: Stan Besko, MBA, CFOEnablence Technologies Todd Haugen, CEOEnablence Technologies Ali MahdaviCapital Markets & Investor Relationsam@ Media and AnalystsAlison ParnellHill and Kincaid Marketing & PRpress@ Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking statements regarding the Company based on current expectations and assumptions of management, which involve known and unknown risks and uncertainties associated with our business and the economic environment in which the business operates. All such statements are forward-looking statements under applicable Canadian securities legislation. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. These statements are based on current expectations that involve several risks and uncertainties which could cause actual results to differ from those anticipated. Although the Company believes that the expectations reflected in the forward-looking statements contained in this news release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. We caution our readers of this news release not to place undue reliance on our forward-looking statements as a few factors could cause actual results or conditions to differ materially from current expectations. Additional information on these and other factors that could affect the Company's operations are set forth in the Company's continuous disclosure documents that can be found on SEDAR ( under Enablence's issuer profile. Enablence does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether because of new information, future events or otherwise. Neither 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. To view the source version of this press release, please visit
Associated Press
a day ago
- Business
- Associated Press
Hapbee Launches Redesigned Mobile App with AI-Powered Discovery Engine, Expanded Vibe Library and Real-Time In-App Support to Enhance Personalization, Usability, and User Engagement
VANCOUVER, British Columbia, May 30, 2025 (GLOBE NEWSWIRE) -- Hapbee Technologies, Inc. (TSXV: HAPB | OTCQB: HAPBF), the digital wellness company specializing in non-chemical, frequency-based wearable technology, today announced the launch of its newly redesigned mobile app. The update features an AI-powered discovery engine, 13 new Vibes, and now also includes real-time, in-app customer support. These updates are part of Hapbee's broader strategy to improve usability, personalization, and ongoing customer engagement. The upgraded platform is available for both Apple and Android devices and includes a modern user interface, simplified navigation, and smart tools to help users identify and select Vibes aligned with their wellness goals—whether that's sleep, stress relief, focus, or energy. 'Our goal is to deliver a best-in-class user experience, and that means offering real-time support, personalization, and ease of use,' said Yona Shtern, CEO of Hapbee. 'These new features were developed based on feedback from our community and are designed to allow users to get more from their Hapbee experience—whether they're exploring new Vibes or getting immediate help when they need it.' Key Enhancements in the New Hapbee App: Newly Released Vibes Targeting Specific Use Cases: In-App Support and Community Engagement Current users will see the update applied automatically. New customers can download the app directly and begin exploring the enhanced experience immediately. The redesigned Hapbee app is now available on: Hapbee Updates Status of Audited Financial Statements The Company also announced that the filing of its annual audited financial statements and MD&A for the year ended December 31, 2024 (the 'Financial Statements'), required pursuant to Parts 4 and 5 of National Instrument 51-102 Continuous Disclosure Obligations, remains delayed. For a detailed explanation of the reasons for the delay, please see the Company's news releases dated April 18 and May 15, 2025. The Company continues to work with its Auditor to finalize the Financial Statements, which are expected to be completed and filed on or before June 30, 2025. The Auditor has received all requested information. They have communicated with suppliers, bankers and are concluding their final stress test processes. A Management Cease Trade Order ('MCTO') under National Policy 12-203 Management Cease Trade Orders ('NP 12-203') was issued by the British Columbia Securities Commission, as principal regulator for the Company, on May 1st, 2025. The MCTO restricts all trading by the Company's CEO and CFO in securities of the Company, whether direct or indirect. The issuance of the MCTO will not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until two business days after the Financial Statements, along with the Chief Executive Officer ('CEO') and Chief Financial Officer ('CFO') certifications (collectively, the 'Required Filings') are filed or until it is revoked or varied. The Company confirms that it intends to satisfy the provisions of the 'alternative information guidelines' described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release for so long as it remains in default of the requirement to make the Required Filings. The Company has not taken any steps towards any insolvency proceeding, and the Company has no material information relating to its affairs that has not been generally disclosed. About Hapbee Hapbee is a wearable wellness technology company that helps people enhance how they feel. Powered by patented ultra-low radiofrequency energy (ulRFE®) technology, Hapbee's devices deliver signals designed to produce sensations such as happy, alert, focused, relaxed, and others. The company is committed to improving lives through safe, non-invasive wellness solutions. You can learn more about how Hapbee works at Forward-Looking Statements Certain statements included in this news release constitute forward-looking information or statements (collectively, 'forward-looking statements'), including those identified by the expressions 'anticipate', 'believe', 'plan', 'estimate', 'expect', 'intend', 'may', 'should' and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This news release contains forward-looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties, and other factors. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Such statements and information are based on numerous assumptions regarding the Company's ability to meet its planned product marketing and development initiatives and the Company's ability to achieve its e-commerce rollout and full-scale commercial launch as anticipated. Factors that could cause the actual results to differ materially from those in the forward-looking statements include, delays in design, production, manufacturing, development or releases of signal blends, collection of data from customer use, or the Company may not be able to achieve its targets as anticipated or at all; changes in legislation and regulations; increase in operating costs; equipment failures; failure of counterparties to perform their contractual obligations; litigation; the loss of key directors, employees, advisors or consultants and fees charged by service providers. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. These risks, uncertainties and assumptions could cause actual events or results to differ materially from those projected in any forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements. 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. Renmark Financial Communications Inc. Bettina Filippone: [email protected] Tel: (416) 644-2020 or (514) 939-3989
Yahoo
2 days ago
- Business
- Yahoo
SOMA GOLD REPORTS RECORD FIRST QUARTER FINANCIAL RESULTS
Highlights: Revenue for the first quarter of 2025 was $27.9 million – an increase of 44% from 2024-Q1. Net income for the quarter was $3.2 million, compared to a loss of $0.2 million in 2024-Q1 Adjusted EBITDA(1) for the quarter was $13.5 million compared to $6.3 million for the same period in 2024, and unadjusted EBITDA(1) was $12.4 million, double the $6.0 million EBITDA(1) recorded in 2024-Q1. Soma sold 6,843 AuEq ounces in the current quarter, compared to 7,024 AuEq ounces in 2024-Q1. The average realized cash margin(1) was US$1,642 in the current quarter, compared to US$894 in 2024-Q1. EBITDA(1) per share was $0.14 in the current quarter, compared to $0.07 in 2024-Q1. The Company reduced Long Term Debt by $2.5 million in the quarter VANCOUVER, BC, May 29, 2025 /CNW/ - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC: SMAGF) (the "Company" or "Soma") is pleased to announce that the Company's Financial Statements and MD&A for the three months ended March 31, 2025 and 2024 have been filed on SEDAR+ and are also available on the Company's website. Operations Review – Quarter Ended March 31, 2025 Soma produced 6,643 AuEq ounces in 2025-Q1 (2024-Q1 - 7,335 AuEq ounces). Income from mining operations was $9.8 million (2024-Q1 - $4.3). Net income for the year was $3.2 million (2024-Q1 – loss of $0.2 million) Net income per share was $0.03 (2024-Q1 - $0.00). Adjusted EBITDA(1) of $13.5 million (2024-Q1 - $6.3 million) Adjusted EBITDA(1) per share of $0.15 (2024-Q1 - $0.07). Cordero Operations reported attributable cash costs per ounce of gold sold(1) of US$1,261 (2024-Q1 - $1,192). Geoff Hampson, Soma's President and CEO, states, "The Company is pleased with the significant progress made in achieving record profitability. Our organic growth strategy remains on track, with the planned re-commissioning of the el Limon mill scheduled for June of this year. During the second half of 2025, el Limon is expected to increase overall throughput by approximately 20-30%, resulting in a corresponding increase in gold production. Feed for the mill will be sourced from the Aurora and Cordero mines, as well as several formalized small miners. We are also working toward bringing the el Limon Mine back into production following the discovery of a parallel vein structure that appears to carry economic grades. Meanwhile, exploration in the Psyche 1 area is showing early signs of a potential new deposit, with additional drilling planned for the second half of the year to define the resource potential. In parallel, the Company continues to advance the permitting process for the Nechi Mine, which is expected to begin production in 2027. We look forward to a strong second half of 2025 and continued production growth in 2026 and beyond." Financial and Operating Highlights Three Months Ended March 31, 2025 and 2024 Soma also announces that it has granted an aggregate of 200,000 stock options pursuant to its equity incentive plan to two Investor Relations consultants of the Company. The stock options are exercisable at a price of $1.07 per share and expire three years from the date of grant. In accordance with TSX Venture Exchange policies, the options granted to the IR consultants will vest in stages over a 12-month period, with no more than 25% vesting in any three-month period. ABOUT SOMA GOLD Soma Gold Corp. (TSXV: SOMA) is a mining company focused on gold production and exploration. The Company owns two adjacent mining properties in Antioquia, Colombia, with a combined milling capacity of 675 TPD. (Permitted for 1,400 TPD). The El Bagre Mill is currently operating and producing. Internally generated funds are being used to finance a regional exploration program. With a solid commitment to sustainability and community engagement, Soma Gold Corp. is dedicated to achieving excellence in all aspects of its operations. The Company also owns an exploration property near Tucuma, Para State, Brazil that is currently under option to Ero Copper Corp. On behalf of the Board of Directors "Geoff Hampson"Chief Executive Officer and President 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. (1) This news release refers to certain financial measures, such as EBITDA, Adjusted EBITDA, average realized price per ounce of gold sold, and total cash costs per ounce of gold sold which are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS. These measures may differ from those made by other companies and accordingly may not be directly comparable to such measures as reported by other companies. These measures have been derived from the Company's financial statements because the Company believes that they are of benefit in understanding the Company's results. For a complete explanation of these measures, please refer to Non-IFRS Financial Performance Measures disclosure included in the Company's MD&A for the three months ended March 31, 2025 and 2024 which can be accessed at All statements, analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change except as required by applicable laws. Investors should not place undue reliance on forward-looking statements. SOURCE Soma Gold Corp. 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Cision Canada
2 days ago
- Business
- Cision Canada
SOMA GOLD REPORTS RECORD FIRST QUARTER FINANCIAL RESULTS
Highlights: Revenue for the first quarter of 2025 was $27.9 million – an increase of 44% from 2024-Q1. Net income for the quarter was $3.2 million, compared to a loss of $0.2 million in 2024-Q1 Adjusted EBITDA (1) for the quarter was $13.5 million compared to $6.3 million for the same period in 2024, and unadjusted EBITDA (1) was $12.4 million, double the $6.0 million EBITDA (1) recorded in 2024-Q1. Soma sold 6,843 AuEq ounces in the current quarter, compared to 7,024 AuEq ounces in 2024-Q1. The average realized cash margin (1) was US$1,642 in the current quarter, compared to US$894 in 2024-Q1. EBITDA (1) per share was $0.14 in the current quarter, compared to $0.07 in 2024-Q1. The Company reduced Long Term Debt by $2.5 million in the quarter VANCOUVER, BC, May 29, 2025 /CNW/ - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC: SMAGF) (the " Company" or " Soma") is pleased to announce that the Company's Financial Statements and MD&A for the three months ended March 31, 2025 and 2024 have been filed on SEDAR+ and are also available on the Company's website. Operations Review – Quarter Ended March 31, 2025
