Latest news with #MikeSchmidt
Yahoo
5 days ago
- Business
- Yahoo
Nixxy acquires Leadnova.ai platform assets from NexGenAI
Nixxy (NIXX) announced the acquisition of the platform assets from the NexGenAI suite of companies. Nixxy also reported that it generated approximately $5.2M in unaudited gross revenue for the month of May up from approximately $1.4M in April. is a SaaS-based solution designed to support business development through data delivery, sales enablement, outreach automation, and engagement analytics. As part of the asset acquisition, Nixxy will take ownership of the domain, front-end and back-end software, automation engines, structured data repositories, and API infrastructure. The integration of into Nixxy's AuralinkAI platform is expected to accelerate Nixxy's AI-enhanced telecom strategy and enable more intelligent, performance-driven enterprise communication services. Nixxy generated gross revenues of approximately $5.2M in May 2025, representing continued traction in its growth and expansion strategy. With additional customer agreements and infrastructure now coming online, Nixxy continues to target a $10M monthly revenue run rate by August 2025, contingent on continued execution and successful onboarding of new partners. Nixxy announced the pricing of a registered direct offering for the sale and issuance of up to 846,667 shares of the Company's common stock to a small group of accredited investors at a price per share of $1.50. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on NIXX: Disclaimer & DisclosureReport an Issue Nixxy Reports $1.39M Q1 Revenue Amid AI Pivot Nixxy reports Q1 EPS (30c) vs. (40c) last year Nixxy Delays Q1 2025 Financial Report Filing Nixxy Appoints Mike Schmidt as New CEO Nixxy appoints Mike Schmidt as CEO
Yahoo
5 days ago
- Business
- Yahoo
B&M European Value Retail SA (BMRPF) (FY 2025) Earnings Call Highlights: Navigating Growth ...
Release Date: June 04, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. B&M European Value Retail SA (BMRPF) reported a total revenue growth of 3.7% year-on-year, reaching 5.6 billion, driven primarily by new store openings. The company maintained a healthy leverage ratio of 1.26 times on a pre-IFRS 16 basis, allowing for a proposed final dividend of 9.7p, bringing the full-year dividend to 15p per share, a 2% increase from 2024. B&M's gross profit margin increased from 37.1% to 37.6% in 2025, with B&M UK contributing a 42 basis point increase. The company has returned 2.1 billion to shareholders over the last five years, with 1 billion returned in the last three years post-COVID. B&M's new stores are performing as expected, and the company continues to strengthen its supply chain infrastructure, supporting long-term growth. B&M faced disappointing like-for-like sales, with a 3.1% decrease in full-year figures, attributed to challenging market conditions and in-store execution issues. Operating costs increased by 7.2% year-on-year, with B&M UK seeing an 8% rise due to increased store estate and higher volumes from low average selling prices. The company experienced a decline in earnings per share from 35.9p to 33.5p, impacted by depreciation of a larger asset base and higher interest rates. B&M France and Heron Foods faced increased operating costs, with Heron's adjusted EBITDA decreasing from 35 million to 30 million due to lower revenues. The company anticipates significant cost pressures in 2026, with 75 million of additional costs for B&M UK, including national insurance, minimum wage increases, and packaging taxes. Warning! GuruFocus has detected 3 Warning Sign with BMRPF. Q: Can you reassure the market that there is no major profit reset likely to happen under the new chief executive? A: The new CEO will start in two weeks and will spend time getting to know the business. We have delivered a resilient financial performance in 2025, and our price position and value perception remain strong. We believe the financial model will continue to be strong for shareholders in the future. (Mike Schmidt, CFO) Q: Can you clarify your stance on current trading? A: We report our sales performance on a quarterly basis, and this approach is unchanged from last year. We will discuss current trading in July. There is nothing to be read into the lack of a current trading update at this time. (Mike Schmidt, CFO) Q: Could you provide more details on the variety of locations and formats for new stores? A: In 2025, we opened stores in various locations, including shopping centers, town centers, and retail parks. For 2026, we have acquired locations from Homebase, which are larger footprint out-of-town stores. We are pleased with the performance across different store types. (Mike Schmidt, CFO; James Kew, Retail Director) Q: Are you pointing to the analyst consensus number as a reasonable starting point for profit guidance? A: We acknowledge the analyst consensus and are not suggesting any changes. We will provide an outlook range after trading the garden season and entering the golden quarter. We aim to offset cost increases without passing them on to customers. (Mike Schmidt, CFO) Q: Can you elaborate on the margin mix benefit within the general merchandise category? A: We saw good performances from seasonal categories and toys, which are higher margin segments. This helped improve the overall margin mix. (Mike Schmidt, CFO; Gareth Bilton, Buying Director) Q: How are you addressing SKU rationalization and the introduction of more chilled storage in food categories? A: We are optimizing SKU rationalization across all ranges to balance choice and reduce complexity. The introduction of more chilled storage is driven by high sales and profit densities per bay, making it easier for customers to shop. (Gareth Bilton, Buying Director) Q: What is your approach to managing debt and potential share buybacks? A: We aim to maintain a resilient and flexible balance sheet, allowing for efficient capital use. We are comfortable with our current debt levels, which support cash returns to shareholders and potential share buybacks. (Mike Schmidt, CFO) Q: What are the building blocks for free cash generation in FY26? A: We are investing appropriately in supply chain improvements and maintaining CapEx within a consistent range relative to revenues. Working capital is expected to move in line with total sales growth. (Mike Schmidt, CFO) 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
Associated Press
23-05-2025
- Business
- Associated Press
Nixxy Reports Over $1.39M in Q1 Revenue Following Strategic Pivot to AI Communications Infrastructure
Strong April and Forecasted May Growth Underscore Early Success in AI-Driven Strategy NEW YORK, NY / ACCESS Newswire / May 23, 2025 / Nixxy, Inc. (NASDAQ:NIXX) ('Nixxy' or the 'Company'), an AI-driven data communications company, announced that for its first quarter under its newly adopted business strategy (ended March 31, 2025), it recorded over $1.39 million in revenue, as disclosed in its recently filed 10-Q with the SEC. This strong start marks a turning point in the Company's transformation as it pivots into AI-powered infrastructure, platform-based services, and scalable data systems aligned with fast-growing demand in the communications sector. Nixxy's entry into the AI-powered voice and messaging space is backed by targeted acquisitions and a platform strategy designed for speed and scale. With early contract wins already contributing to top-line results, the Company is executing on a roadmap focused on accelerating recurring revenue, optimizing cost structures, and delivering long-term value for shareholders. April 2025 marked Nixxy's first full month of operations under its new model, generating unaudited revenue of approximately $1.4 million. Building on this strong momentum, internal forecasts suggest continued growth in May, with projections indicating that May revenue could potentially double April's results, contingent on timely contract activation and continued execution across its platform. Finalized results will be disclosed in the Company's subsequent 10-Q filing. The Company anticipates continued month over month growth as additional contracts are activated, and AI-driven platforms are scaled and integrated. Nixxy is actively leveraging the AI platforms and contractual assets gained through its recent acquisitions in March and April, providing a scalable foundation for onboarding new traffic and expanding service capacity. These platforms also support a new layer of AI-driven services, such as intelligent call routing, automated settlement optimization, and advanced customer engagement tools, further strengthening Nixxy's competitive position in the market. 'Nixxy is focused on disciplined execution,' said Mike Schmidt, CEO of Nixxy. 'With early revenue traction and a well-defined strategy in place, we're confident in our ability to scale efficiently and deliver sustainable, long-term growth. Our aim is to establish Nixxy as a leader in AI-powered communications infrastructure, serving enterprise, wholesale, and next-generation platforms.' Further updates will be provided as the Company progresses through key execution milestones. Filings and press releases can be found at About Nixxy Nixxy (Nasdaq:NIXX) is committed to transforming traditional markets through cutting-edge technology and data-driven insights. By acquiring cornerstone businesses in established industries and evolving their operations with innovation, Nixxy unlocks new potential and creates opportunities for transformative growth. The company focuses on sectors poised for digital innovation, leveraging data and technology to disrupt conventional business models and drive progress. Contact Information Investor Contact: Nixxy, Inc. Investor Relations Email: [email protected] Phone: (877) 708-8868 Forward-Looking Statements Disclaimer This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including those regarding the Company's business strategy, future operations, acquisition strategy, financial position, potential growth, spin-out transactions, and market opportunities. Words such as 'anticipates,' 'believes,' 'expects,' 'intends,' 'plans,' and 'will,' or similar expressions, are intended to identify forward-looking statements. These statements are based on the Company's current expectations and beliefs and involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Preliminary Financial Information and Revenue Estimates Any references in this press release to billing activity, platform usage, or forecasted revenues are unaudited, provisional, and derived solely from internal system data, telemetry, and operational logs. These figures do not constitute earned, invoiced, or collectible revenue and may not result in future cash flow. They are operational estimates provided solely for contextual and informational purposes. The Company makes no representation that such activity will result in recognized revenue under GAAP or any applicable accounting standards. These internal models are based on usage metrics and port-level system outputs and, though supported by finalized contracts, invoicing, or payment, may not be recognized. As such, no assurance can be given that any portion of this activity will be billable, collected, or otherwise monetized. Investors should rely exclusively on the Company's audited financial statements and public filings with the SEC when evaluating its financial performance or making investment decisions. No Offer or Solicitation Disclaimer This communication is for informational purposes only and is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Risk Factors Investors should carefully consider the risks associated with the Company's business and the spin-out transaction described herein, including but not limited to: the uncertainty surrounding the timing of the spin-out; the ability to successfully execute acquisitions and integrate acquired companies; the impact of technological changes on the Company's operations; and other risks detailed in the Company's filings with the Securities and Exchange Commission, including those risk factors contained in the Company's Form 10-K for the year ended December 31, 2024. SOURCE: Nixxy, Inc. press release
Yahoo
15-05-2025
- Politics
- Yahoo
Former DA Mike Schmidt flips the narrative in new ‘Schmidt Show' podcast
PORTLAND, Ore. (KOIN) – Remember those billboards in downtown Portland that called the city a 'Schmidt Show?' So does Multnomah County's former DA Mike Schmidt. Nearly a year after , Schmidt is launching a new podcast called '.' In his debut episode, he said he hopes to 'take the insult, flip it, and reverse it.' California-founded Southern food chain expanding to Oregon 'The idea for 'The Schmidt Show' came out of a pretty bizarre political moment. Back starting in 2022, a wave of negative attack ads tried to make 'Schmidt' into a punchline,' he said in the show's introduction. 'Apparently everything wrong with Portland was somehow my show.' The billboards were created by , an organization led by two men who said they wanted to place a spotlight on what they believed to be failed leadership in the City of Portland and Multnomah County. A total of three anti-Schmidt billboards began making their way into downtown Portland in 2023, listing 'record crime,' 'fewer prosecutions' and 'empty jail beds' as some of Schmidt's accomplishments in office. The final sign read, Erroneous lockdown announcement at Lakeridge Middle School prompts district-wide protocol review While in office, that 'undermines the work of the DA and discredits the dedicated work of all employees in the Multnomah County District Attorney's office who are serving our county during one of the most challenging periods in recent memory.' Schmidt with the . But as the city navigated a major drug crisis and a growing number of homelessness on Portland's streets in the wake of a pandemic, his reputation began to suffer. A hardline campaign against Schmidt's decisions in office led to Vasquez's election in May 2024. In contrast to Schmidt's promise of reform, to crack down on crime and the fentanyl crisis. People for Portland's co-founders, Dan Lavey and Kevin Looper, later disbanded the group ahead of the November 2024 election. In an interview on , they said they had formed the group — and installed those billboards — to show elected officials that they were 'vastly out of step with 80% of the people in this city.' Now Schmidt wants to flip the narrative. 'Portland, like the rest of the country, is vulnerable to misinformation that can bring division to our communities. Real human connections are an antidote to that division,' Schmidt said. 'When we know our neighbors, when we work alongside people in local organizations or causes, we start to see each other differently. We might not agree on every issue, but we share values like wanting to make our neighborhoods better. That's why another goal of this show is to help build resilience and create space for understanding by highlighting people who remind us why we love this place and why it's worth fighting for.' 'The Schmidt Show' shared its on May 14. In it, Schmidt tackled his reasons for starting the podcast and led a conversation with Zachary Lauritzen, the executive director of . Episodes are slated to release every Wednesday. 'While Portland has had our challenges, there are so many incredible people doing meaningful work here every day. This podcast provides a platform to tell those stories and lift up the voices of people who are out there making a difference,' Schmidt said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Independent
15-05-2025
- Politics
- The Independent
Pete Rose, Shoeless Joe and politics: Baseball and the real world collide more often than we think
The legends of pastoral fields. The detailed history and meticulous attention to continuity. The sight of kids playing ball. The hush that descends when you walk into the Hall of Fame. Each implicitly casts the universe of baseball as a magical land that touches, but maybe isn't precisely part of, the 'real' world in which we live. 'The whole history of baseball,' the writer Bernard Malamud once said, 'has the quality of mythology.' Since the game's early days, that mythology has been constructed — often deliberately — to set itself apart. But sometimes things happen that demonstrate otherwise, and reality pokes through. One of those things unfolded this week when Commissioner Rob Manfred decided that permanent bans from baseball expire upon the death of the banned player. In a single moment, he changed the possible posthumous career trajectory of two preposterously talented ballplayers — Pete Rose and 'Shoeless Joe' Jackson, one banned for decades for gambling on baseball, the other for more than a century for abetting gamblers. Each is now eligible for the Hall of Fame. Some welcomed it. 'A great day for baseball,' said Rose's Philadelphia Phillies teammate, Hall of Famer Mike Schmidt. Others chose the online equivalent of spitting disgustedly on the ground. "A very dark day for baseball," said Marcus Giamatti, son of the late baseball commissioner A. Bartlett Giamatti, who banned Rose in 1989. On social media, many wondered whether Manfred had responded to President Donald Trump's stated desire that Rose be reinstated. The reality, though, is this: No matter what you think of Manfred's decision, baseball and the larger world around it collide far more often than the purists might wish — and have since the game's early decades. The real world infused the game from its origins A national pastime can hardly avoid reflecting the values of the culture it serves. That means two things. — First, American society is built on stories. Where other civilizations have hundreds or thousands of years of common culture behind their nationhood, Americans willed their republic into existence on stories like the 'shining city upon a hill,' 'life, liberty and the pursuit of happiness,' 'all men are created equal.' Then they built it out with tales of the frontier and erected industrial story factories like Hollywood and Madison Avenue. Isn't it natural, then, that the game many think helped define America would be built on some tall tales, too? — But second, this is a land of messy politics and jockeying for power and money and — let's face it — the silencing of less powerful groups. Who could expect a national pastime, however mythic its public-facing ambitions, not to interact with — and be affected by — the society in which it operates? That meant sharp-elbowed business machinations in the late 19th century that saw the rise and fall of an entirely new league in the course of a single season — and player-contract actions in its wake that led to criticism of the Pittsburgh Alleghenies as 'piratical,' inspiring a team nickname that has endured to this day. It meant the mob-backed, gambling-fueled 'throwing' of the 1919 World Series by several Chicago White Sox players — a group henceforth known as the 'Black Sox' — that led to the appointment of the first baseball commissioner, a man with the unlikely name of Kenesaw Mountain Landis. He almost immediately banned those accused of involvement from the game, including 'Shoeless Joe," who was remythologized in the 1989 film 'Field of Dreams.' As of this week, Jackson has been reinstated — 74 years after his death. It meant a game that reflected the racism of the nation around it, which kept Black men out until Jackie Robinson famously broke the color barrier in 1947. And it meant a policy on free agency that stacked the deck in favor of owners until a center fielder named Curt Flood, another Black man, took exception to it and took action, sending his name echoing across courtrooms and even Congress after saying: "I do not feel I am a piece of property to be bought and sold." It meant no less than nine lockouts or strikes over the past six decades — underscoring that baseball, like many other American institutions, is not insulated from labor unrest. It meant cocaine scandals and PED scandals and sign-stealing scandals. Reckoning a century-plus of anxiety about the game's integrity with a suddenly betting-obsessed sports landscape foisted on baseball by a Supreme Court ruling. Arguments in zoning hearing boards, planning commissions, economic development conferences and city councils over new stadiums, bond issues, local referendums and attempts to figure out precisely where baseball teams fit into their communities. Politics even figured in attempts during the early 20th century to figure out where baseball came from. The Mills Commission, assembled in 1905 to suss out the game's origins, found itself confronted with two competing narratives: In one, put forth by baseball pioneer Henry Chadwick, the game evolved from something English. In the other — a convenient American narrative if there ever was one — a man named Abner Doubleday laid out a diamond in 1839 on a cow pasture in upstate New York, and baseball was born. The bucolic Doubleday narrative, endorsed by the commission and by baseball itself, flourished for decades. It was debunked long ago in favor of more diffuse origins, which is how history usually actually unfolds. But the legend's power pushed it into the national conversation to the point that the place where Doubleday purportedly invented the game became not only the home to the Hall of Fame but a metaphor for greatness, baseball and otherwise: Cooperstown. Baseball 's endurance relies upon its myths None of this should surprise us. Ultimately, baseball is a lively collage of American life — a game, a business, a political arena, a form of professional entertainment. It has been a repository of a rising nation's big dreams, of children's hero worship, of teenagers' ambitions and old men's laments. 'Baseball is play, not work — even when played by professionals, for whom it is indeed work — and so stands aside from the normal conduct of everyday life: business, economy, government,' John Thorn, Major League Baseball's official historian, said Wednesday. It certainly tries. On Wednesday night, Cincinnati — the team with which Rose is most associated in a city where his mythology never flagged — honored him. People posed in front of a statue of him. The word 'legend' was tossed around. In a twist worthy of a 'Twilight Zone' episode, Rose's old team happened to be playing the Chicago White Sox — Jackson's old team. Many fans go to ballparks to escape the world. My late father, a Cleveland fan born in 1922 three years after the Black Sox scandal, used to say in his older years that the Indians' old stomping ground, League Park, where he used to go as a boy, was 'a refuge from the things I worried about.' At every pro baseball game, all of the calibrated trappings make one thing easy to conclude: The game thinks of itself as pure and wants others to think that too. Sometimes, though, the magic is in the blemishes. Each time the real world intrudes on baseball, many argue that the game emerges stronger — even as it struggles to stay relevant in a 21st-century marketplace of sports and entertainment. And as it grows harder and harder for baseball — for anything, really — to be insulated from the reality of the world, myths have a tougher time taking hold. In that vein, we'll leave the final words to Pete Rose himself, from an interview in 2014 — a rejection of mythology from a ballplayer long enveloped in myth. "When guys do books or stories," he said, "all I like to see is the truth." ___ Ted Anthony, director of new storytelling and newsroom innovation for The Associated Press, has written about American culture since 1990. ___
