Latest news with #Form10-K
Business Insider
20 hours ago
- Business
- Business Insider
Barnes & Noble Education receives NYSE notice of non-compliance
On August 4, Barnes & Noble Education received notice from the New York Stock Exchange that the company is not in compliance with Section 802.01E of the NYSE Listed Company Manual due to a delay in filing its Annual Report on Form 10-K for the fiscal year ended May 3, 2025, with the SEC. The company determined that it would not be able to file the Form 10-K within the 15-day extension period under Rule 12b-25 without unreasonable effort or expense due to an audit committee internal investigation that rendered management unable to complete the company's financial reporting process and preparation of its financial statements for the fiscal year ended May 3, 2025. Accordingly, the company is working diligently to complete the necessary work to make the filing as soon as practicable and currently anticipates filing the Form 10-K within the six-month period granted by the notice from the NYSE, which will bring the company back into compliance with the NYSE listing standards.
Business Wire
a day ago
- Business
- Business Wire
RCI to Host 3Q25 Conference Call on X Spaces on Monday, August 11
HOUSTON--(BUSINESS WIRE)--RCI Hospitality Holdings, Inc. (Nasdaq: RICK) plans to file its 10-Q and report financial results for the fiscal 2025 third quarter ended June 30, 2025 after the market closes on Monday, August 11. The Company will hold a related conference call on X Spaces at 4:30 PM ET. X Spaces Call & Presentation About RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (X: @RCIHHinc) With more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult nightclubs and sports bars/restaurants. See all our brands at Forward-Looking Statements This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the Company's actual results to differ materially from those indicated, including, but not limited to, the risks and uncertainties associated with (i) operating and managing an adult entertainment or restaurant business, (ii) the business climates in cities where it operates, (iii) the success or lack thereof in launching and building the Company's businesses, (iv) cyber security, (v) conditions relevant to real estate transactions, and (vi) numerous other factors such as laws governing the operation of adult entertainment or restaurant businesses, competition and dependence on key personnel. For more detailed discussion of such factors and certain risks and uncertainties, see RCI's annual report on Form 10-K for the year ended September 30, 2024, as well as its other filings with the U.S. Securities and Exchange Commission. The Company has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.
Business Wire
a day ago
- Business
- Business Wire
Terreno Realty Corporation Sells Property in Santa Fe Springs, CA for $11.0 Million
BELLEVUE, Wash.--(BUSINESS WIRE)-- Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Santa Fe Springs, California on August 7, 2025 for a sale price of approximately $11.0 million. The property consists of a 2.3-acre improved land parcel which is 100% leased. The property was purchased by Terreno Realty Corporation on November 14, 2018 for $6.4 million. The unleveraged internal rate of return generated by the investment was 13.2%. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle; and Washington, D.C. Additional information about Terreno Realty Corporation is available on the company's web site at Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management's beliefs and on assumptions made by, and information currently available to, management. When used, the words 'anticipate,' 'believe,' 'estimate,' 'expect,' 'intend,' 'may,' 'might,' 'plan,' 'project,' 'result,' 'should,' 'will,' 'seek,' 'target,' 'see,' 'likely,' 'position,' 'opportunity,' 'outlook,' 'potential,' 'enthusiastic,' 'future' and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2024 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.
Business Wire
3 days ago
- Business
- Business Wire
Terreno Realty Corporation Increases Quarterly Dividend by 6.1% and Files Second Quarter 2025 Financial Statements
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, declared a regular cash dividend for the quarter ending September 30, 2025 of $0.52 per common share, an increase of 6.1% over the prior dividend level. The dividend will be payable on October 10, 2025 to common stockholders of record at the close of business on September 29, 2025. Terreno Realty Corporation filed its quarterly report on Form 10-Q for the quarter ended June 30, 2025 with the U.S. Securities and Exchange Commission. The financial statements and supplemental financial information are available in the Investors & Media section of Terreno Realty Corporation's website, Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, D.C. Additional information about Terreno Realty Corporation is available on the company's web site at Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management's beliefs and on assumptions made by, and information currently available to, management. When used, the words 'anticipate,' 'believe,' 'estimate,' 'expect,' 'intend,' 'may,' 'might,' 'plan,' 'project,' 'result,' 'should,' 'will,' 'seek,' 'target,' 'see,' 'likely,' 'position,' 'opportunity,' 'outlook,' 'potential,' 'enthusiastic,' 'future' and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2024 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.
Business Wire
3 days ago
- Business
- Business Wire
Energy Recovery Reports its Second Quarter 2025 Financial Results
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq:ERII) ('Energy Recovery' or the 'Company') today announced its financial results for the second quarter and six months ended June 30, 2025. Second Quarter Highlights Q2'2025 financial results were in-line with internal expectations and consistent with our communicated expectations for quarterly revenue cadence in 2025. Revenue of $28.1 million, an increase of $0.9 million, as compared to Q2'2024, due to timing of revenue from contracted projects. Gross margin of 64.0%, a decrease of 60 bps, as compared to Q2'2024, due primarily to costs related to product mix and tariffs. Operating expenses of $16.5 million, a decrease of 15.8%, as compared to Q2'2024, due primarily to a decrease in employee costs and consulting costs. Income from operations of $1.5 million, an increase of 173.2%, as compared to Q2'2024, mainly due to higher revenue and lower operating expenses. Net income of $2.1 million and adjusted EBITDA (1) of $4.4 million. Cash and investments of $93.7 million, which includes cash, cash equivalents, and short- and long-term investments. In conjunction with these financial results, management has released a letter to shareholders reviewing business and financial updates from the second quarter and discussing our outlook for 2025. This letter is located under 'Financial Info' in the 'Investors' section on the Energy Recovery website ( Financial Highlights Non-GAAP Financial Highlights (1) _______________ (1) Refer to the sections 'Use of Non-GAAP Financial Measures' and 'Reconciliation of Non-GAAP Financial Measures' for definitions of our non-GAAP financial measures and reconciliations of GAAP to non-GAAP amounts, respectively. NM Not Meaningful Expand Forward-Looking Statements Certain matters discussed in this press release and on the conference call are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on information currently available to the Company and on management's beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include risks relating to the future demand for the Company's products, risks relating to performance by our customers and third-party partners, risks relating to the timing of revenue, and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company's business, and the risks discussed under 'Risk Factors' in the Company's Form 10-K filed with the U.S. Securities and Exchange Commission ('SEC') for the year ended December 31, 2024, as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company's actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements. Use of Non-GAAP Financial Measures This press release includes certain non-GAAP financial measures, including adjusted operating margin, adjusted net income (loss), adjusted net income (loss) per share, adjusted EBITDA and free cash flow. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either exclude or include amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles in the United States of America, or GAAP. These non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same captions, and may differ from non-GAAP financial measures with the same or similar captions that are used by other companies. As such, these non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. The Company uses these non-GAAP financial measures to analyze its operating performance and future prospects, develop internal budgets and financial goals, and to facilitate period-to-period comparisons. The Company believes these non-GAAP financial measures reflect an additional way of viewing aspects of its operations that, when viewed with its GAAP results, provide a more complete understanding of factors and trends affecting its business. Notes to the Financial Results Adjusted operating margin is a non-GAAP financial measure that the Company defines as income (loss) from operations which excludes i) stock-based compensation; ii) executive transition costs, such as executive search costs, retention costs, one-time severance costs and one-time corporate growth strategy costs; and iii) restructuring charges, divided by revenues. Adjusted net income (loss) is a non-GAAP financial measure that the Company defines as net income (loss) which excludes i) stock-based compensation; ii) executive transition costs; iii) restructuring charges; iv) impairment of long-lived assets; and v) the applicable tax effect of the excluded items including the stock-based compensation discrete tax item. Adjusted net income (loss) per share is a non-GAAP financial measure that the Company defines as net income (loss), which excludes i) stock-based compensation; ii) executive transition costs; iii) restructuring charges; iv) impairment of long-lived assets; and v) the applicable tax effect of the excluded items including the stock-based compensation discrete tax item, divided by basic shares outstanding. Adjusted EBITDA is a non-GAAP financial measure that the Company defines as net income (loss) which excludes i) depreciation and amortization; ii) stock-based compensation; iii) executive transition costs; iv) restructuring charges; v) impairment of long-lived assets; vi) other income, net, such as interest income and other non-operating expense, net; and vii) provision for (benefit from) income taxes. Free cash flow is a non-GAAP financial measure that the Company defines as net cash provided by operating activities less capital expenditures. Conference Call to Discuss Financial Results LIVE CONFERENCE Q&A CALL: Wednesday, August 6, 2025, 2:00 PM PT / 5:00 PM ET US / Canada Toll-Free: +1 (888) 645-4404 Local / International Toll: +1 (862) 298-0702 CONFERENCE Q&A CALL REPLAY: Available approximately three hours after conclusion of the live call. Expiration: Saturday, September 6, 2025 US / Canada Toll-Free: +1 (877) 660-6853 Local / International Toll: +1 (201) 612-7415 Access code: 13755031 Investors may also access the live call and the replay over the internet on the 'Events' page of the Company's website located at Disclosure Information Energy Recovery uses the investor relations section on its website as means of complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor Energy Recovery's investor relations website in addition to following Energy Recovery's press releases, SEC filings, and public conference calls and webcasts. About Energy Recovery Energy Recovery (Nasdaq: ERII) is a trusted global leader in energy efficiency technology. Building on the Company's pressure exchanger technology platform, the Company designs and manufactures reliable, high-performance solutions that generate cost savings and increase energy efficiency across several industries. With a strong foundation in the desalination industry, the Company has delivered transformative solutions that optimize operations and deliver positive environmental impact to its customers worldwide for more than 30 years. Headquartered in the San Francisco Bay Area, the Company has manufacturing and research and development facilities across California with sales and on-site technical support available globally. To learn more, visit ENERGY RECOVERY, INC. (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 (In thousands, except per share data) Revenue $ 28,051 $ 27,199 $ 36,116 $ 39,289 Cost of revenue 10,097 9,633 13,704 14,588 Gross profit 17,954 17,566 22,412 24,701 Operating expenses General and administrative 7,669 9,532 16,243 17,098 Sales and marketing 5,360 6,104 10,266 12,256 Research and development 3,451 3,944 6,452 8,295 Restructuring charges — — 539 — Total operating expenses 16,480 19,580 33,500 37,649 Income (loss) from operations 1,474 (2,014 ) (11,088 ) (12,948 ) Other income, net 914 1,614 1,993 3,003 Income (loss) before income taxes 2,388 (400 ) (9,095 ) (9,945 ) Provision for (benefit from) income taxes 334 242 (1,269 ) (1,043 ) Net income (loss) $ 2,054 $ (642 ) $ (7,826 ) $ (8,902 ) Net income (loss) per share Diluted $ 0.04 $ (0.01 ) $ (0.14 ) $ (0.16 ) Number of shares used in per share calculations Expand ENERGY RECOVERY, INC. (Unaudited) Six Months Ended June 30, 2025 2024 (In thousands) Cash flows from operating activities: Net loss $ (7,826 ) $ (8,902 ) Non-cash adjustments 5,642 7,586 Net cash provided by (used in) operating assets and liabilities 17,008 15,886 Net cash provided by operating activities 14,824 14,570 Cash flows from investing activities: Net investment in marketable securities 33,882 (42,895 ) Capital expenditures (326 ) (1,025 ) Proceeds from sales of fixed assets 10 90 Net cash provided by (used in) investing activities 33,566 (43,830 ) Cash flows from financing activities: Net proceeds from issuance of common stock 983 1,502 Repurchase of common stock & payment of excise tax (22,009 ) — Net cash (used in) provided by financing activities (21,026 ) 1,502 Effect of exchange rate differences 60 (24 ) Net change in cash, cash equivalents and restricted cash $ 27,424 $ (27,782 ) Cash, cash equivalents and restricted cash, end of period $ 57,181 $ 40,443 Expand Expand Segment Activity Three Months Ended June 30, 2025 2024 Water Emerging Technologies Corporate Total Water Emerging Technologies Corporate Total (In thousands) Revenue $ 27,839 $ 212 $ — $ 28,051 $ 26,918 $ 281 $ — $ 27,199 Cost of revenue 9,926 171 — 10,097 9,345 288 — 9,633 Gross profit (loss) 17,913 41 — 17,954 17,573 (7 ) — 17,566 Operating expenses General and administrative 1,323 571 5,775 7,669 1,912 984 6,636 9,532 Sales and marketing 3,280 1,569 511 5,360 3,837 1,700 567 6,104 Research and development 1,604 1,847 — 3,451 1,073 2,871 — 3,944 Total operating expenses 6,207 3,987 6,286 16,480 6,822 5,555 7,203 19,580 Operating income (loss) $ 11,706 $ (3,946 ) $ (6,286 ) 1,474 $ 10,751 $ (5,562 ) $ (7,203 ) (2,014 ) Other income, net 914 1,614 Expand Six Months Ended June 30, 2025 2024 Water Emerging Technologies Corporate Total Water Emerging Technologies Corporate Total (In thousands) Revenue $ 35,903 $ 213 $ — $ 36,116 $ 39,007 $ 282 $ — $ 39,289 Cost of revenue 13,487 217 — 13,704 14,299 289 — 14,588 Gross profit (loss) 22,416 (4 ) — 22,412 24,708 (7 ) — 24,701 Operating expenses General and administrative 2,896 1,326 12,021 16,243 3,834 2,002 11,262 17,098 Sales and marketing 6,425 2,839 1,002 10,266 7,582 3,507 1,167 12,256 Research and development 2,782 3,670 — 6,452 2,173 6,122 — 8,295 Restructuring charges 210 123 206 539 — — — — Total operating expenses 12,313 7,958 13,229 33,500 13,589 11,631 12,429 37,649 Operating income (loss) $ 10,103 $ (7,962 ) $ (13,229 ) (11,088 ) $ 11,119 $ (11,638 ) $ (12,429 ) (12,948 ) Other income, net 1,993 3,003 Income before income taxes $ ) $ (9,945 ) Expand ENERGY RECOVERY, INC. (Unaudited) Stock-based Compensation Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 (In thousands) Stock-based compensation expense charged to: Cost of revenue $ 148 $ 461 $ 296 $ 804 General and administrative 728 1,011 1,598 2,418 Sales and marketing 701 912 1,380 1,922 Research and development 359 433 625 956 Total stock-based compensation expense $ 1,936 $ 2,817 $ 3,899 $ 6,100 Expand This press release includes certain non-GAAP financial information because we plan and manage our business using such information. The following table reconciles the GAAP financial information to the non-GAAP financial information. Q2'2025 Q2'2024 Q2'2025 Q2'2024 (In millions, except shares, per share and percentages) Operating margin 5.3 % (7.4 )% (30.7 )% (33.0 )% Stock-based compensation 6.9 10.4 10.8 15.5 Executive transition costs — 12.3 — 9.7 Restructuring charges — — 1.5 — Impairment of long-lived assets — — 1.0 — Adjusted operating margin 12.2 % 15.3 % (17.4 )% (7.7 )% Net income (loss) $ 2.1 $ (0.6 ) $ (7.8 ) $ (8.9 ) Stock-based compensation 1.9 2.8 3.9 6.1 Executive transition costs (2) — 2.9 — 3.5 Restructuring charges (2) — — 0.5 — Impairment of long-lived assets (2) — — 0.3 — Stock-based compensation discrete tax item (0.3 ) (0.1 ) (0.2 ) (0.2 ) Adjusted net income (loss) $ 3.7 $ 5.0 $ (3.3 ) $ 0.5 Net income (loss) per share $ 0.04 $ (0.01 ) $ (0.14 ) $ (0.16 ) Adjustments to net income (loss) per share (3) 0.03 0.10 0.08 0.17 Adjusted net income (loss) per share $ 0.07 $ 0.09 $ (0.06 ) $ 0.01 Net income (loss) $ 2.1 $ (0.6 ) $ (7.8 ) $ (8.9 ) Stock-based compensation 1.9 2.8 3.9 6.1 Depreciation and amortization 0.9 1.0 1.9 2.0 Executive transition costs — 3.3 — 3.8 Restructuring charges — — 0.5 — Impairment of long-lived assets — — 0.4 — Other income, net (0.9 ) (1.6 ) (2.0 ) (3.0 ) Provision for (benefit from) income taxes 0.3 0.2 (1.3 ) (1.0 ) Adjusted EBITDA $ 4.4 $ 5.2 $ (4.4 ) $ (1.0 ) Free cash flow Net cash provided by operating activities $ 4.1 $ 8.1 $ 14.8 $ 14.6 Capital expenditures (0.1 ) (0.2 ) (0.3 ) (1.0 ) Free cash flow $ 4.0 $ 7.9 $ 14.5 $ 13.5 Expand _______________ (1) Amounts may not total due to rounding. (2) Amounts presented are net of tax. (3) Refer to the sections 'Use of Non-GAAP Financial Measures' for description of items included in adjustments. Expand
