Latest news with #SVC
Hans India
26-05-2025
- Entertainment
- Hans India
Dil Raju breaks silence on theatre shutdown row
The ongoing theatre shutdown controversy continues to make headlines, with industry bigwigs stepping forward to clarify their positions. Following Allu Aravind's press interaction, senior producer and distributor Dil Raju addressed the media today to offer clarity on the heated issue. Speaking candidly, Dil Raju acknowledged the concerns raised by exhibitors and clarified misconceptions about theatre ownership. 'Out of the 370 single-screen theatres in the Nizam region, only 30 are operated by SVC and my associated companies. The majority are managed by independent owners,' he explained. Addressing the purpose of his press meet, Raju said, 'This is not about personal disputes. Exhibitors, especially from East Godavari, approached us in April with their financial struggles. We've been monitoring the collection patterns for the past six months. They believe a fixed percentage model would ease their burden.' He elaborated on the current revenue-sharing model, where rent applies in the first week and percentage-based payments follow in subsequent weeks. 'This structure is hurting exhibitors. We are in talks to find a better solution, though consensus has not been reached yet,' he said, pointing out the lack of unity within the industry as a core issue. Dil Raju also addressed rumours regarding the postponement of Hari Hara Veeramallu, asserting that there is no conspiracy against the film. He emphasized that no specific release date had been finalised after its postponement. Criticizing misleading media narratives, Raju concluded, 'Personal attacks in the guise of journalism are unacceptable. We're here to provide transparency and urge everyone to focus on facts.'
Time of India
22-05-2025
- Business
- Time of India
Gold rises as investors grow cautious amid US debt fears
Gold prices rose on Thursday as investors leaned toward the safe-haven asset due to mounting concerns over the U.S. government's growing debt and a lukewarm demand for 20-year Treasury bonds, highlighting low appetite for U.S. assets. FUNDAMENTALS * Spot gold gained 0.2% to $3,320.37 an ounce as of 0026 GMT. U.S. gold futures rose 0.3% to $3,322.20. * House Speaker Mike Johnson said he would bring up U.S. President Donald Trump's massive tax and spending bill to a vote as soon as Wednesday evening, in a sign that he may have quelled objections from fellow Republicans who have imperiled its passage. * Concerns persisted over Trump's efforts to push a tax-cutting bill that could worsen the debt load by $3 trillion to $5 trillion. * The U.S. Treasury Department saw soft demand for a $16 billion sale of 20-year bonds on Wednesday, with investors worried about the country's increasing debt burden as Congress wrangles with the tax bill. Live Events * Gold is seen as a safe investment amid economic and geopolitical turmoil and thrives in a low-rate environment . * Several Federal Reserve officials are scheduled to speak later this week, potentially providing further clues into the economy and the central bank's policy path amid concerns about the U.S.'s mounting debt. * Markets are now pricing in at least 50 basis points of rate cuts this year, with the first one expected in October. * Spot silver rose 0.3% to $33.47 an ounce, platinum fell 0.4% to $1,072.70 and palladium lost 1.1% to $1,026.58. DATA/EVENTS (GMT) 0030 Japan JibunBK Mfg PMI, Comp Op, SVC PMI Flash SA May 0500 Japan Chain Store Sales YY Apr 0645 France Business Climate Mfg, Overall May 0715 France HCOB Mfg, Services, Composite Flash PMI May 0730 Germany HCOB Mfg, Services, Composite Flash PMI May 0800 EU HCOB Mfg, Services, Composite Flash PMI May 0800 Germany Ifo Business Climate, Curr Conditions, Expectations New May 0830 UK Flash Composite, Manufacturing, Services PMI May 1230 US Initial Jobless Clm 17 May, w/e 1345 US S&P Global Mfg, Svcs, Comp PMI Flash May 1400 US Existing Home Sales Apr 1430 US EIA-Nat Gas Chg Bcf, Nat Gas-EIA Implied Flow 16 May.
Yahoo
13-05-2025
- Business
- Yahoo
High Wire Networks Reports First Quarter Earnings Revenue Growth and Operating Margin Increases
BATAVIA, Ill., May 13, 2025 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity, reported results for continuing operations for the three months ended March 31, 2025. All comparisons are to the same year-ago period unless otherwise noted. The following comparative results are from continuing operations following the divestiture of the company's technology enablement services business on June 27, 2024. The company's current business segments include Overwatch managed cybersecurity services and SVC telecom services. Q1 2025 Financial Highlights Revenue from continuing operations in the first quarter of 2025 increased 5% to a record $2.2 million. Overwatch revenue increased by 2%, while revenue from the Company's SVC telecom services grew 9% over the same quarter last year. Secure Voice Corporation (SCV) delivered an 18% increase in gross profit and 9% revenue growth quarter-over-quarter, driven by low SG&A costs and increased transaction volume. Adjusted EBITDA improved by $0.1 million, or 8%, from the same quarter last year. While the Company increased revenues by 5%, operating expenses decreased by 3% to $3.4 million as the Company continues to streamline its operations through automation. Interest expense decreased $0.1 million or 34% in the first quarter of 2024. Q1 2025 Operational Highlights Overwatch closed $1.7 million in total contract value (TCV) with three key existing partnerships and had better-than-expected total sales bookings overall. Overwatch continues to automate core cybersecurity and business processes, improving service delivery speed and partner engagement while reducing operational overhead. Enhanced collaboration with SentinelOne, Kaseya, Fluency, and Check Point is unlocking new efficiencies and growth potential through deeper platform integration. Back-office automation through ConnectBooster allows for scalable transaction processing, from thousands of monthly transactions to hundreds of thousands, while ensuring accuracy and efficiency. Management Commentary Mark Porter, CEO, High Wire NetworksWith the new team in place, we have been able to accomplish in about six months what we have seen take upwards of two years. Beyond the headlines of the C-level executive changes on the Overwatch team, we have added engineering talent that has focused on automating every aspect of the business that can be automated. From quote to cash, we are accelerating in every way. The results are just beginning to show up and will result in profitability and cash flow generation as we scale revenue. We are now positioned to add revenue with higher gross profit margins and not add cost to the operations team. This operating leverage will be our competitive advantage as a Company. At the same time, the outcomes we are driving for our partners and their clients create a competitive advantage for them against our adversaries in the cyber realm. 'Secure Voice continues to produce profitable quarters and positive cash flow. We have focused on expanding gross margins at the transaction level. With very low SG&A costs, every additional dollar of margin falls to the bottom line, and we will see increased profitability and cash flow as we move forward. After revamping our sales efforts late last year, we are now seeing the results show up in not only the revenue and margin, but the quality of our traffic, allowing us to scale revenue without adding fixed cost to the model.' Turning to Overwatch, the recurring revenue managed cybersecurity platform for Enterprise, Porter stated, 'The fourth quarter was about laying the groundwork for 2025 with the new Overwatch leadership team in place. Exiting Q1, we are starting to see the results of material changes in strategy around the portfolio and how we manage the operations. These changes have resulted in an increased gross margin. That increase comes not just from focusing on the sales front, but a relentless focus on building off our competitive advantage, which is hyper-automation, to reduce costs as we scale and provide better outcomes for our clients. We now have both the scale and the cost structures in place to expand the business rapidly and focus on our target of profitability and cash flow this year.' 'As we enter the Agentic AI era, we have focused on how to strategically realize the full potential of our position within the Enterprise. Overwatch is at the very core of each customer we serve. We are the central nervous system of our clients' Enterprise. In providing cybersecurity services, we are not just deploying tools or reselling them. We are taking in every digital pulse, signal, and emission from the Enterprise, or directed at the Enterprise. We bring all these signals from every system they use to conduct business, and we are determining whether those signals are good or bad and what to do next.' 'As we develop our systems and technologies to handle all this data, we are looking at ways to capitalize on this by providing cybersecurity outcomes and creating an advanced persistent defense strategy. This strategy will position us at the center of what our clients are doing and expand business opportunities based on what we see from our vantage point at the center of their universe.' Ed Vasko, CEO, High Wire – Overwatch'In the first quarter this year, we made significant progress in improving gross margins and positioning High Wire Overwatch for accelerated growth. Our focus on hyper-automation and the strategic application of AI is driving meaningful efficiencies across both our service delivery and business operations.' 'A key achievement this quarter was the first phase of integrating our core business systems. By automating previously manual workflows, we've enhanced the customer experience while simultaneously reducing costs. We've conducted a thorough analysis of our platforms, eliminating redundancies and streamlining operations to deliver savings directly to the bottom line.' 'These improvements are already visible in the rollout of our new quote-to-cash automations, partner invoicing and payment portals, and upgraded partner ecosystem tracking tools. Together, these systems elevate our partner experience and strengthen the operational backbone supporting our growth.' About the Use of Non-GAAP Measures The company believes that the use of adjusted earnings before interest, taxes, depreciation and amortization, or Adjusted EBITDA, is helpful for an investor to assess the performance of the company. The company defines Adjusted EBITDA as income (loss) before interest, taxes, depreciation, amortization, acquisition expenses, impairment of long-lived assets, gain/loss on change of fair value of derivatives, amortization of discounts on debt, financing costs, fair value adjustments from purchase accounting, stock-based compensation expense, liquidity damages related to escrow shares and expenses related to discontinued operations. Adjusted EBITDA is not a measurement of financial performance under generally accepted accounting principles in the United States, or GAAP. Because of varying available valuation methodologies, subjective assumptions and the variety of equity instruments that can impact a company's non-cash operating expenses, the company believes that providing a non-GAAP financial measure that excludes non-cash and non-recurring expenses allows for meaningful comparisons between its core business operating results and those of other companies, as well as providing the company with an important tool for financial and operational decision making and for evaluating its own core business operating results over different periods of time. The company's Adjusted EBITDA measure may not provide information that is directly comparable to that provided by other companies in its industry, as other companies in the company's industry may calculate non-GAAP financial results differently, particularly related to non-recurring, unusual items. The company's Adjusted EBITDA is not a measurement of financial performance under GAAP and should not be considered as an alternative to operating income or as an indication of operating performance or any other measure of performance derived in accordance with GAAP. The company does not consider Adjusted EBITDA to be a substitute for, or superior to, the information provided by GAAP financial results. High Wire Networks, consolidated statements of operations(Unaudited) For the three months ended March 31, 2025 2024 Revenue $ 2,171,626 $ 2,061,503 Operating expenses: Cost of revenue 1,410,054 1,122,018 Depreciation and amortization 184,214 188,338 Salaries and wages 1,018,609 1,320,219 General and administrative 880,262 958,253 Total operating expenses 3,493,139 3,588,828 Loss from operations (1,321,513 ) (1,527,325 ) Other income (expense): Interest expense (160,585 ) (243,036 ) Amortization of debt discounts (671,228 ) (432,934 ) Warrant expense - (214,737 ) Gain on change in fair value of warrant liabilities 7,320 241,993 Exchange loss - (14,888 ) Termination and penalty fee (410,571 ) (100,000 ) Total other (expense) (1,235,064 ) (763,602 ) Net loss from continuing operations before income taxes (2,556,577 ) (2,290,927 ) Provision for income taxes - - Net loss from continuing operations (2,556,577 ) (2,290,927 ) Net income from discontinued operations, net of tax - 1,876,489 Net loss attributable to High Wire Networks, Inc. common shareholders $ (2,556,577 ) $ (414,438 ) Income (loss) per share attributable to High Wire Networks, Inc. common shareholders, basic and diluted: Net loss from continuing operations $ (2.62 ) $ (2.38 ) Net income from discontinued operations, net of taxes $ - $ 1.95 Net loss per share $ (2.62 ) $ (0.43 ) Weighted average common shares outstanding basic and diluted 977,270 962,155 High Wire Networks, consolidated balance sheets March 31, December 31, 2025 2024 ASSETS Current assets: Cash $ 163,896 $ 220,824 Accounts receivable, net of allowances of $184,344 and $171,444, respectively, and unbilled revenue of $4,786 and $7,845, respectively 974,839 830,261 Prepaid expenses and other current assets 233,632 212,660 Total current assets 1,372,367 1,263,745 Property and equipment, net of accumulated depreciation of $794,507 and $732,804, respectively 723,535 785,238 Goodwill 605,584 605,584 Intangible assets, net of accumulated amortization of $1,604,418 and $1,481,907, respectively 2,835,328 2,957,839 Operating lease right-of-use assets 147,704 174,365 Total assets $ 5,684,518 $ 5,786,771 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable and accrued liabilities $ 4,671,179 $ 4,272,058 Contract liabilities 5,208 25,144 Current portion of loans payable to related parties 370,029 358,557 Current portion of loans payable, net of debt discount of $47,053 and $46,969, respectively 1,575,093 1,297,602 Current portion of convertible debentures, net of debt discount of $129,197 and $58,459, respectively 1,967,453 838,192 Warrant liabilities 73,200 80,520 Operating lease liabilities, current portion 113,598 110,856 Current liabilities of discontinued operations 505,782 505,782 Total current liabilities 9,281,542 7,488,711 Loans payable, net of current portion 70,100 78,125 Operating lease liabilities, net of current portion 39,713 69,094 Total liabilities 9,391,355 7,635,930 Commitments and contingencies (Note 14) Series B preferred stock; $3,500 stated value; 1,000 shares authorized; 1,000 issued and outstanding as of March 31, 2025 and December 31, 2024 - - Total mezzanine equity - - Stockholders' equity (deficit): Common stock; $0.00001 par value; 1,000,000,000 shares authorized; 1,004,605 and 970,319 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 10 10 Series D preferred stock; $10,000 stated value; 1,590 shares authorized; 943 issued and outstanding as of March 31, 2025 and December 31, 2024 7,745,643 7,745,643 Series E preferred stock; $10,000 stated value; 650 shares authorized; 311 issued and outstanding as of March 31, 2025 and December 31, 2024 4,869,434 4,869,434 Series F preferred stock; $1,000 stated value; 120 shares authorized; 90 and 0 issued and outstanding as of March 31, 2025 and December 31, 2024 331,439 - Additional paid-in capital 32,833,510 32,466,050 Accumulated deficit (49,486,873 ) (46,930,296 ) Total stockholders' equity (deficit) (3,706,837 ) (1,849,159 ) Total liabilities and stockholders' equity (deficit) $ 5,684,518 $ 5,786,771 About High Wire NetworksHigh Wire Networks, Inc. (OTCQB: HWNI) is a fast-growing, award-winning global provider of managed cybersecurity. Through over 200 channel partners, it delivers trusted managed services for more than 1,100 managed security customers worldwide. End customers include Fortune 500 companies and many of the nation's largest government agencies. Its U.S.-based 24/7 Network Operations Center and Security Operations Center is located in Chicago, Illinois. High Wire was ranked by Frost & Sullivan as a Top 15 Managed Security Service Provider in the Americas for 2024. It was also named to CRN's MSP 500 and Elite 150 lists of the nation's top IT managed service providers for 2023 and 2024. Learn more at Follow the company on X, view its extensive video series on YouTube or connect on LinkedIn. Forward-Looking StatementsThe above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations. Company ContactMark PorterChief Executive OfficerHigh Wire NetworksTel +1 (952) 974-4000 Media ContactCORE IRmedia@ Investor RelationsCORE IRinvestors@
Time of India
07-05-2025
- Entertainment
- Time of India
'Arya' was the beginning of a journey that changed my life forever, says Allu Arjun
Deepika Begins a New Chapter in Motherhood Stating that director Sukumar's romantic entertainer 'Arya' wasn't just a film, Telugu star Allu Arjun on Wednesday said that it was the beginning of a journey that changed his life Wednesday, director Sukumar's superhit film 'Arya', featuring actor Allu Arjun, Anu Mehta and Siva Balaji in the lead, completed 21 recalling the film, Allu Arjun, on his timeline on X, wrote, "#Arya wasn't just a film, It was the beginning of a journey that changed my life forever. Grateful for the love, the memories, and the magic that still lives on.#21YearsForArya"It wasn't just Allu Arjun who remembered the film fondly. The production house that produced the film, Sri Venkateswara Creations too put out posts, recalling the magic the film created."Feel my love! 21 years and the feel is still fresh! A pathbreaking love story that changed the game. Not just a film, but a heartbeat of a generation. @alluarjun @aryasukku #AnuMehta @ThisIsDSP @RathnaveluDop @SVC_official #21YearsForArya," it wrote on its timeline on X.'Arya'was written and directed by Sukumar, best known for directing the popular 'Pushpa' franchise. Arya marked the debut of Sukumar as a director and was a gamechanger of sorts, establishing actor Allu Arjun firmly as a bankable star in the Telugu film industry .The film's songs, set to tune by Devi Sri Prasad , emerged as huge chartbusters. To add to it, the film boasted stunning visuals, shot by ace cinematographer Rathnavelu, whose outstanding work using natural lighting is well was a romantic drama and a proper commercial entertainer that was released on May 7 2004. The film was remade in several languages including Bengali, Odia, Sinhala and film took a strong opening and instantly won the hearts of the youth. It emerged a huge commercial success, setting the cash registers at the box office ring. The film went on to emerge such an emphatic success that'Arya' was turned into a franchise. The second part, Arya 2 , featuring Allu Arjun, Kajal Aggarwal and Navdeep, emerged an even bigger success, making the franchise a dearly loved one.
Malaysian Reserve
01-05-2025
- Business
- Malaysian Reserve
EntropiQ Expands Quantum Entropy Services Through Collaboration with a Leading Digital Infrastructure Provider
Deployment at Equinix's Solution Validation Center enables EntropiQ to test and validate Quantum Entropy as a Service solutions in a secure, scalable, and adaptable environment MOBILE, Ala., April 30, 2025 /PRNewswire/ — EntropiQ, the first and only secure provider of on-demand, elastic, high-performance Quantum Entropy as a Service (QEaaS), is pleased to announce it is working with Equinix, the world's leading digital infrastructure company, and GIS QSP, a global leader in advanced cybersecurity and critical infrastructure protection. This collaboration enhances the delivery and global availability of EntropiQ's next-generation quantum entropy services. EntropiQ is currently the only provider offering on-demand, elastic, high-performance, low-latency Quantum Entropy as a Service (QEaaS) with integrated military-grade, crypto-agile endpoint protection and Post-Quantum Cryptography (PQC) specifically designed to secure sensitive data and communications for critical infrastructure organizations. Leveraging Equinix's global platform of more than 260 data centers across 74 metros, EntropiQ has deployed its proprietary entropy generation and distribution systems at key Solution Validation Center (SVC) locations in Silicon Valley and Washington, D.C. The SVC provides organizations with the ability to deploy and test their distributed IT in Equinix's comprehensive technology environment. GIS QSP will provide additional cybersecurity architecture services and? support to help operationalize and scale the solution. 'Our collaboration with Equinix and GIS QSP ensures clients in highly regulated and security-sensitive sectors can access the most advanced entropy services available today,' said Josh Lewis, CEO and Co-founder of EntropiQ. 'Together, we're establishing a foundation for post-quantum resilience.' About EntropiQEntropiQ is the pioneer and leading? provider of Quantum Entropy as a Service (QEaaS), delivering on-demand, elastic, high-performance, low-latency entropy with crypto-agile protection and Post-Quantum Cryptography (PQC). Founded in 2024, EntropiQ is built for the data integrity, security, and compliance needs of critical infrastructure. GIS QSPGIS QSP (Quantum Solutions Practice) is a defense and critical infrastructure cybersecurity firm specializing in post-quantum cryptography, sovereign cloud design, and zero-trust architectures. GIS QSP works globally with governments and enterprise partners to deploy mission-ready solutions for next-gen digital protection. For media inquiries, contact:kgretta@ [
