Latest news with #Shawn
Irish Independent
3 days ago
- Entertainment
- Irish Independent
June bank holiday in Laois: Festivals, family days out and classic cars
Follow Independent Laois on Facebook Timahoe Hertiage Festival Step back into Ireland's rich history at this heritage festival on May 31 and June 1, where vikings will take over Timahoe, with reenactments, medieval combat displays, a viking village, and gael crafts. There will also be beekeeping demonstrations, an art and craft fair, cooking demonstrations, and a 5km heritage run to kick off festivities. Stradbally Woodland Railway Situated in the grounds of the Stradbally Hall estate, the railway opened in 1969 as the first volunteer-run heritage railway in Ireland. The railway stemmed from an earlier idea which saw an original Guinness Brewery steam locomotive steamed while mounted on blocks for the August 1967 National Steam Rally. A short section of the track was laid for the 1968 event and the engine pulled several small passenger carriages. This June Bank Holiday Weekend, visitors can experience the charm of the railway for a train ride through the woods at Stradbally. The trip will kick off at 11.00am on Sunday and 4.00pm on Monday. Junefest At Castleview Open Farm The Castleview Junefest is open to everyone and ideal for families this June Bank Holiday, with activities such as face painting, bouncy castles, animal bingo, and barnyard dancing. The farm, which originally operated as an intensive beef finishing unit, the now home to a range of animals on 14 acres with looped walkways throughout. Dunamaise Arts Centre Immerse yourself in the arts in Portlaoise during the long weekend, with the Shawn Cuddy Summer Country Show back this year on Friday by popular demand. He will perform a host of his trademark hits along with some new material from his latest album. Special guests will include TR Dallas, Michael Collins and Curtis Magee. Lisa Lawlor School of Dance will present Dance the Night on Saturday showcasing a dynamic variety of dance styles including hip-hop, lyrical, theatre craft, jazz and ballet. ADVERTISEMENT Classic car run The Gordon Bennett Irish Classic Car run will begin in Laois this Bank Holiday weekend, running from Friday, May, 30 to Monday, June, 2. The run celebrates the Original Gordon Bennet Cup Race held in Ireland in 1963, with all vehicles manufactured before 1995 welcome, however booking spaces are limited. The event is international and will run over the three days, beginning at Treacy's Pub, The Heath. It will also feature a Gala dinner, a driver BBQ and dinner, costume day, and scenic drives each day.
Yahoo
3 days ago
- Business
- Yahoo
Shawn Mendes announces 2025 tour, Forest Hills show. Get tickets today
Vivid Seats is the New York Post's official ticketing partner. We may receive revenue from this partnership for sharing this content and/or when you make a purchase. Featured pricing is subject to change. One short tour down, one to go. After conducting a brief run last fall, Shawn Mendes has announced he's returning to the stage this year. From August through October, the 'Señorita' singer will perform at venues all over Europe, the U.S. and Canada along with special guests Maro, Lubiana and Eddie Benjamin on select dates. Midway through the North American leg of the run, the 26-year-old Toronto native is scheduled to drop in at Queens, NY's Forest Hills Stadium on Friday, Oct. 3. These shows come in support of Mendes' recently-released fifth studio album 'Shawn,' which hit shelves in October 2024 and spawned the hit singles 'Why Why Why,' 'Heart of Gold' and 'Nobody Knows.' While we don't know what he'll take to the stage this time around, Set List FM reports he performed 16 songs at his Brooklyn Paramount show seven months ago. If you'd like to see him live in 2025, tickets are available for all North American shows. Fans Mendes Army can purchase tickets for upcoming Shawn Mendes concerts on sites like Vivid Seats; the official on-sale is Friday, June 6. Vivid Seats is a secondary market ticketing platform, and prices may be higher or lower than face value, depending on demand. They have a 100% buyer guarantee that states your transaction will be safe and secure and will be delivered before the event. A complete calendar including all North American tour dates, venues and links to buy tickets can be found below. Shawn Mendes tour dates Aug. 16 at the O2 Arena in London, GB Sept. 25 at the TD Garden in Boston, MA Sept. 28 at the Budweiser Stage in Toronto, ON, CA Oct. 1 at the Bell Centre in Montreal, QC, CA Oct. 3 at Forest Hills Stadium in Forest Hills, NY Oct. 8 at the Huntington Bank Pavilion in Chicago, IL Oct. 12 at the Rogers Arena in Vancouver, BC, CA Oct. 14 at the Frost Amphitheater in Stanford, CA Oct. 17 at the Hollywood Bowl in Los Angeles, CA Mendes' aforementioned Brooklyn Paramount show took place on Oct. 28, 2024. For a closer look at what he performed, take a look at Set List FM's account of the evening. 01.) 'That's the Dream'02.) 'Heavy'03.) 'In Between'04.) 'Stitches'05.) 'Isn't That Enough'06.) 'Rollin' Right Along'07.) 'Nobody Knows'08.) 'Heart of Gold' (Dedicated to Liam Payne, who passed away two days before this performance)09.) 'Why Why Why'10.) 'Hallelujah' (Leonard Cohen cover)11.) 'In My Blood'12.) 'That'll Be the Day'13.) 'Who I Am'14.) 'The Mountain'15.) 'It'll Be Okay'Encore 16.) 'There's Nothing Holdin' Me Back' On Nov. 15, 2024, Mendes dropped his fifth studio album 'Shawn.' Billed as a more personal, intimate record than his previous output, the 12-track record follows through on that promise. Stripped-down and raw, 'Shawn' shows off Mendes at his most vulnerable over the record's 30-minute runtime. After a few spins, we were most struck by Mendes' quiet opener 'Who I Am,' soaring anthem 'Nobody Knows,' melancholy 'Isn't That Enough,' rousing epic 'Heavy' and stirring cover of Leonard Cohen's 'Hallelujah.' Still, the undisputed highlight is Mendes' 'Heart of Gold,' an emotional ode to a departed friend. It's heavy and just may make you well up. We know we did. If you'd like to hear for yourself, you can find 'Shawn' in its entirety here. Not familiar with the artists Shawn Mendes is bringing on the road with him? No worries. You can find all three opening acts' most-streamed song on Spotify below. Maro: 'saudade, saudade' Lubiana: 'Farafina Mousso' Eddie Benjamin: 'Weatherman' Many of the biggest names in music will be out and about this year. Here are just five of our favorites you won't want to miss these next few months. • Benson Boone • Jonas Brothers • Conan Gray • Big Time Rush • Keshi Who else is hoofing it? Check out our list of all the biggest artists on tour in 2025 to find the show for you. This article was written by Matt Levy, New York Post live events reporter. Levy stays up-to-date on all the latest tour announcements from your favorite musical artists and comedians, as well as Broadway openings, sporting events and more live shows – and finds great ticket prices online. Since he started his tenure at the Post in 2022, Levy has reviewed a Bruce Springsteen concert and interviewed Melissa Villaseñor of SNL fame, to name a few. Please note that deals can expire, and all prices are subject to change
Canada Standard
3 days ago
- Entertainment
- Canada Standard
Shawn Mendes to celebrate 10 years since his first album with On the Road Again tour
Washington [US], May 30 (ANI): Singer Shawn Mendes announced his upcoming On the Road Again Tour, set to celebrate 10 years since his debut album, Handwritten, later this year with dates in Europe and North America. 'I feel like time away has allowed me to come back and recognize and remember how unbelievably special it is to get to play live shows,' said Mendes in a statement about the tour. 'It's an honor and I'm just beyond grateful that you guys keep showing up after 10 years with so much love,' reported People. Kicking off August 2 at the Sunny Hill Festival in Pristina, Kosovo, the tour will make stops in cities including London, Amsterdam, Madrid, Munich, Boston, Toronto, New York, Chicago, Vancouver and San Francisco before wrapping October 17 at the Hollywood Bowl in Los Angeles. Mendes will be joined by opening acts MARO and Lubiana in Europe and Eddie Benjamin in North America. 'I came across MARO's music a few years ago and she immediately became one of my favorite artists,' he said. 'To be honest, I'm pretty beside myself that she'll be joining us,' according to People. He continued, 'Same with Lubiana, she blows me away and just embodies everything as an artist I stand behind. And finally this unbelievably talented, humble human being & my brother, Eddie, will be joining in North America.' The On the Road Again Tour comes after Mendes' latest album, Shawn, was released in November 2024, reported People. (ANI)
New York Post
4 days ago
- Entertainment
- New York Post
Shawn Mendes announces 2025 tour, Forest Hills show. Get tickets today
Vivid Seats is the New York Post's official ticketing partner. We may receive revenue from this partnership for sharing this content and/or when you make a purchase. Featured pricing is subject to change. One short tour down, one to go. After conducting a brief run last fall, Shawn Mendes has announced he's returning to the stage this year. From August through October, the 'Señorita' singer will perform at venues all over Europe, the U.S. and Canada along with special guests Maro, Lubiana and Eddie Benjamin on select dates. Midway through the North American leg of the run, the 26-year-old Toronto native is scheduled to drop in at Queens, NY's Forest Hills Stadium on Friday, Oct. 3. These shows come in support of Mendes' recently-released fifth studio album 'Shawn,' which hit shelves in October 2024 and spawned the hit singles 'Why Why Why,' 'Heart of Gold' and 'Nobody Knows.' While we don't know what he'll take to the stage this time around, Set List FM reports he performed 16 songs at his Brooklyn Paramount show seven months ago. If you'd like to see him live in 2025, tickets are available for all North American shows. Fans Mendes Army can purchase tickets for upcoming Shawn Mendes concerts on sites like Vivid Seats; the official on-sale is Friday, June 6. Vivid Seats is a secondary market ticketing platform, and prices may be higher or lower than face value, depending on demand. They have a 100% buyer guarantee that states your transaction will be safe and secure and will be delivered before the event. Shawn Mendes tour schedule 2025 A complete calendar including all North American tour dates, venues and links to buy tickets can be found below. Shawn Mendes set list Mendes' aforementioned Brooklyn Paramount show took place on Oct. 28, 2024. For a closer look at what he performed, take a look at Set List FM's account of the evening. 01.) 'That's the Dream' 02.) 'Heavy' 03.) 'In Between' 04.) 'Stitches' 05.) 'Isn't That Enough' 06.) 'Rollin' Right Along' 07.) 'Nobody Knows' 08.) 'Heart of Gold' (Dedicated to Liam Payne, who passed away two days before this performance) 09.) 'Why Why Why' 10.) 'Hallelujah' (Leonard Cohen cover) 11.) 'In My Blood' 12.) 'That'll Be the Day' 13.) 'Who I Am' 14.) 'The Mountain' 15.) 'It'll Be Okay' Encore 16.) 'There's Nothing Holdin' Me Back' Shawn Mendes new music On Nov. 15, 2024, Mendes dropped his fifth studio album 'Shawn.' Billed as a more personal, intimate record than his previous output, the 12-track record follows through on that promise. Stripped-down and raw, 'Shawn' shows off Mendes at his most vulnerable over the record's 30-minute runtime. After a few spins, we were most struck by Mendes' quiet opener 'Who I Am,' soaring anthem 'Nobody Knows,' melancholy 'Isn't That Enough,' rousing epic 'Heavy' and stirring cover of Leonard Cohen's 'Hallelujah.' Still, the undisputed highlight is Mendes' 'Heart of Gold,' an emotional ode to a departed friend. It's heavy and just may make you well up. We know we did. If you'd like to hear for yourself, you can find 'Shawn' in its entirety here. Shawn Mendes special guests Not familiar with the artists Shawn Mendes is bringing on the road with him? No worries. You can find all three opening acts' most-streamed song on Spotify below. Maro: 'saudade, saudade' Lubiana: 'Farafina Mousso' Eddie Benjamin: 'Weatherman' Huge stars on tour in 2025 Many of the biggest names in music will be out and about this year. Here are just five of our favorites you won't want to miss these next few months. • Benson Boone • Jonas Brothers • Conan Gray • Big Time Rush • Keshi Who else is hoofing it? Check out our list of all the biggest artists on tour in 2025 to find the show for you. This article was written by Matt Levy, New York Post live events reporter. Levy stays up-to-date on all the latest tour announcements from your favorite musical artists and comedians, as well as Broadway openings, sporting events and more live shows – and finds great ticket prices online. Since he started his tenure at the Post in 2022, Levy has reviewed a Bruce Springsteen concert and interviewed Melissa Villaseñor of SNL fame, to name a few. Please note that deals can expire, and all prices are subject to change
Yahoo
4 days ago
- Business
- Yahoo
BuildDirect Reports First Quarter 2025 Financial Results
Delivered $0.65 million in adjusted EBITDA in Q1 2025, extending the Company's track record to 13 straight quarters of positive performance. Delivered gross margin of 41.3% in Q1 2025, an increase of 220 bps year-over-year. Working capital decreased by $0.2 million to $2.5 million at March 31, 2025 from $2.7 million at December 31, 2024. Opened a new Pro Center in California and completed the acquisition of key flooring assets in Florida to expand market reach in key U.S. regions. Company to host First Quarter 2025 financial results conference call on Friday, May 30, 2025 at 10:30 AM (PDT) / 1:30 PM (EDT). BuildDirect reports in US dollars and in accordance with IFRS Accounting Standards. Vancouver, British Columbia--(Newsfile Corp. - May 29, 2025) - Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company") a leading omnichannel building material retailer, today announced its financial results for the First Quarter Ended March 31, 2025 ("Q1 2025"). "BuildDirect delivered solid financial performance in the first quarter of 2025, generating $0.65 million in adjusted EBITDA and marking our 13th consecutive quarter of positive results," said Shawn Wilson, CEO of BuildDirect. "Our gross margin of 41.3%, an increase of 220 basis points year-over-year, reflects our more efficient and higher margin core inventory profile across our businesses." Shawn added, "We also continued to execute on our strategic growth priorities by opening a new Pro Center in California and acquiring key flooring assets in Florida to expand our footprint in key U.S. regions with strong demand fundamentals. These actions support our long-term objective of driving sustainable, profitable growth and enhancing shareholder value." BuildDirect First Quarter 2025 Financial Results Conference Call Date: Friday, May 30, 2025Time: 10:30 AM (PDT) / 1:30 PM (EDT)Live Webinar: The replay will be available approximately 24 hours after the completion of the conference call. In addition, an archived replay will be available on the Investor Relations section of the Company's website at Among other things, the Company will discuss the long-term financial outlook on the conference call and related materials will be available on the Company's website at Investors should carefully review the factors, assumptions, risks, and uncertainties included in such related materials concerning such as the long-term financial outlook. First Quarter 2025 Financial Highlights A. Financial Position The following table summarizes the Company's financial position at March 31, 2025 and December 31, 2024. As at As atMarch 31, December 31, 2025 2024 Change Cash and cash equivalents $ 3,490,258$ 2,347,491$ 1,142,766Working capital (1)2,519,793 2,712,617 (192,824 ) Total assets26,736,784 27,752,963 (1,016,179 ) Total liabilities24,428,422 24,597,974 (169,552 ) Total shareholders' equity2,308,362 3,154,989 (846,627 ) Common shares outstanding42,040,123 42,032,706 7,417 B. Financial Results The following table summarizes the Company's selected financial results for the three months ended March 31, 2025 and 2024. Three months ended Three months endedMarch 31, March 31, 2025 2024 Change Revenue $ 15,088,846$ 15,589,852$ (501,006 ) Income (loss) from operations(155,299 )(316,981 )161,682Comprehensive income (loss)(885,905 )(589,324 )(296,581 ) Adjusted EBITDA (1)650,104 504,230 145,874Basic and diluted loss per share $ (0.02 ) $ (0.01 ) $ (0.01 ) C. Revenue and Gross Profit per Segment The Company reports results in two segments: (1) E-Commerce and (2) Pro Centers. We measure each reportable operating segment's performance based on revenue. The E-Commerce segment relates to our on-line platform while the Pro Center segment includes sales and installation revenue from bricks and mortar operations. The E-Commerce and Pro Center segments contributed 28% and 72% of the Company's revenue respectively in Q1 2025 compared to 27% and 73% of the Company's revenue, respectively, in Q1 2024. The following table summarizes Revenue and Gross Profit per Segment for the three months ended March 31, 2025, and 2024. Three months ended March 31, 2025 E-Commerce Pro Centers Total Revenue $ 4,221,406$ 10,867,440$ 15,088,846 Cost of goods sold2,032,088 6,832,086 8,864,174 Gross profit2,189,318 4,035,354 6,224,672 Gross profit %51.9% 37.1% 41.3%Three months ended March 31, 2024 E-Commerce Pro Centers Total Revenue $ 4,266,314$ 11,323,538$ 15,589,852 Cost of goods sold2,260,291 7,238,610 9,498,901 Gross profit2,006,023 4,084,928 6,090,951 Gross profit %47.0% 36.1% 39.1% D. Working Capital March 31, December 31, 2025 2024 Total current assets $ 16,556,019$ 16,910,668 Total current liabilities14,036,226 14,198,051 Working capital $ 2,519,793$ 2,712,617 E. Quarterly Financial Information USD Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 (Unaudited) Revenue 15,088,846 16,723,578 16,968,564 16,182,846 15,589,852 Gross Profit 6,224,672 6,562,882 6,503,404 6,184,756 6,090,951 Gross Margin % 41.3% 39.2% 38.3% 38.2% 39.1% Net Loss (885,905) 243,237 (384,414) (517,029) (589,324) Net Earnings (loss) p/s: Basic and diluted EPS (0.02) 0.01 (0.01) (0.01) (0.01) EBITDA(1) 345,803 396,232 711,775 573,376 486,772 Adjusted EBITDA(1) 650,104 376,331 786,410 578,326 504,230 Subsequent events to Q1 2025 On April 23, 2025, BuildDirect entered into a supply agreement valued at up to US$2 million with a North American customer in the sports, entertainment, and recreation sector to provide high-performance flooring products for use in active-use facilities. On May 9, 2025, BuildDirect completed a CAD$775,000 secured loan with its insider lender, Lyra Growth Partners Inc., with all proceeds used by the Company to fund loans ("Management Loans") to senior executives for the purpose of purchasing existing common shares in a private sale transaction with no new shares issued from treasury. 2025 Outlook As part of the Company's growth strategy, BuildDirect is actively pursuing a combination of new location builds and targeted strategic acquisitions that align with its operational and financial objectives. Looking forward, BuildDirect remains committed to strengthening its geographic footprint, deepening supplier relationships, and expanding service capabilities to better serve its growing base of professional customers. BuildDirect is also focused on driving EBITDA growth through operational improvements, working capital discipline, and the continued build-out of its commercial sales channel. With a strong foundation in place and a clear path forward, BuildDirect is well-positioned to scale efficiently and capture market share in both core and emerging regions. About BuildDirect BuildDirect (TSXV: BILD) is an expanding omnichannel building materials retailer, specializing in Pro Centers-strategic distribution hubs designed to serve professional contractors and trades. The Company is actively scaling its footprint through a combination of organic growth and strategic acquisitions, driving efficiency and market expansion. For more information, visit Forward-Looking Information: This press release contains statements which constitute "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"), including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. These statements reflect management's current beliefs and expectations and are based on information currently available to management as at the date hereof. Forward-looking statements in this press release may include, without limitation, statements relating to BuildDirect being in a strong position to keep building; BuildDirect's ongoing pursuit of a model focused on growing the Pro Center network, creating operating leverage and staying disciplined on returns; the Company building or acquiring strong locations, expanding its commercial reach, and growing EBITDA through better execution; the Company's acceleration of growth through the exploration a combination of new location builds and targeted strategic acquisitions; the Company's expansion of its geographic footprint, deepening supplier relationships, and enhancing its service capabilities for professional customers; the Company's delivery of strong returns and capturing market share in both core and emerging regions; the Company's focus on driving EBITDA growth through improved operational efficiency and the continued development of its commercial sales channel; the Company being well-positioned to scale profitably while maintaining a high standard of customer service; and BuildDirect's unwavering commitment to pursue sustainable growth, operational excellence, and long-term value creation for its stakeholders. Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Among those factors are changes in consumer spending, inflation, availability of mortgage financing and consumer credit, changes in the housing market, changes in trade policies, tariffs or other applicable laws and regulations both locally and in foreign jurisdictions, availability and cost of goods from suppliers, fuel prices and other energy costs, interest rate and currency fluctuations, retention of key personnel and changes in general economic, business and political conditions and other factors referenced under the "Risks and Uncertainties" section of our MD&A. These forward-looking statements may be affected by risks and uncertainties in the business of the Company and general market conditions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release reflect the Company's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and BuildDirect assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Reference is made in this press release to the following non-GAAP measures: Adjusted EBITDA and Working Capital. These non-GAAP measures are commonly used by investors and other interested parties to evaluate the Company's financial performance and are employed by the Company to measure its operating and economic performance and to assist in business decision-making. These non-GAAP measures do not have any standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other issuers. These measures are provided as additional information to complement those IFRS measures by providing further understanding of the results of operations from management's perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the financial information reported under IFRS. Refer also to appendix tables, "Q1 2025" of this press release as well as our Management's Discussion and Analysis for definitions and reconciliations of non-IFRS measures to the nearest IFRS measures. NON-IFRS MEASURES This announcement refers to certain non-IFRS measures. These measures are not recognized measures under IFRS, and do not have a standardized meaning prescribed by IFRS Accounting Standards and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS Accounting Standards measures by providing further understanding of our results of operations from management's perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS Accounting Standards. We use non-IFRS measures including "EBITDA" and "Adjusted EBITDA". Management uses these non-IFRS measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts, and to determine components of management compensation. As required by Canadian securities laws, we reconcile these non-IFRS measures to the most comparable IFRS Accounting Standards measures in this announcement. See below regarding definitions and reconciliation of these non-IFRS measures to the relevant reported measures. We define EBITDA as net income or loss before interest, income taxes and amortization. Adjusted EBITDA removes fair value adjustment of convertible debt and warrants, fair value adjustment of inventory, restructuring expenses, non-recurring bad debt expense, foreign exchange gains and losses, and share-based compensation items from EBITDA. We are presenting these measures because we believe that our current and potential investors, and many analysts, use them to assess our current and future operating results and to make investment decisions. Management uses these measures in managing the business and making decisions. EBITDA and adjusted EBITDA are not intended as substitutes for IFRS measures. Three months ended Three months endedMarch 31, March 31, 2025 2024Total loss and comprehensive loss $ (885,905 ) $ (589,324 ) Add: Interest Expense, Net342,170 307,760Income Tax Expense119,000 67,500Depreciation and amortization770,538 700,836EBITDA345,803 486,772EBITDA - % (1)2.3% 3.1% Add (deduct): Stock-based compensation34,865 64,180Change in fair value of warrants130,569 (3,039 ) Foreign exchange (gain) loss18,853 (43,683 ) Restructuring costs120,014 - - -Adjusted EBITDA $ 650,104$ 504,230Adjusted EBITDA - % (2)4.3% 3.2% (1) EBITDA % is a ratio of EBITDA divided by Total Revenue(2) Adjusted EBITDA % is a ratio of Adjusted EBITDA divided by Total Revenue Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information:Shawn Wilson, CEOshawnwilson@ BuildDirect Investor Relationsir@ Condensed Consolidated Interim Statements of Financial Position(Unaudited)(Expressed in United States dollars)As at March 31, 2025 As at December 31, 2024 Assets Current assets: Cash and cash equivalents $ 3,490,258 $ 2,347,491 Short-term investments 200,000 445,415 Trade and other receivables (note 4) 3,013,944 3,694,821 Inventories (note 5) 8,980,077 9,619,963 Prepaid materials, expenses, and deposits 871,740 802,978 Total current assets 16,556,019 16,910,668 Non-current assets : Property and equipment (note 6) 687,935 607,699 Intangible assets (note 7) 1,472,529 1,882,891 Right-of-use assets (note 8) 2,231,243 2,562,647 Non-current deposits 434,040 434,040 Goodwill (note 7) 2,530,622 2,530,622 Deferred tax asset 2,824,396 2,824,396 Total non-current assets 10,180,765 10,842,295 Total Assets $ 26,736,784 $ 27,752,963 Liabilities and Shareholders' Equity Current liabilities: Accounts payable and accrued liabilities (note 9) $ 7,191,878 $ 8,500,775 Income taxes payable 809,973 707,584 Current portion of lease (note 10) 975,734 1,154,315 Deferred revenue (note 11) 1,456,273 1,385,993 Debt - current (note 12) 3,602,368 2,449,384 Total current liabilities 14,036,226 14,198,051 Non-current liabilities: Lease liability (note 10) 1,592,304 1,695,228 Debt - non-current (note 12) 8,604,855 8,640,727 Warrants (note 13) 195,037 63,968 Total non-current liabilities 10,392,196 10,399,923 Shareholders' equity: Share capital (note 14) 123,143,637 123,136,971 Share based payment reserve 11,547,807 11,515,195 Deficit (132,383,082) (131,497,177) Total Shareholders' equity 2,308,362 3,154,989 Total Liabilities and Equity $ 26,736,784 $ 27,752,963 Condensed Consolidated Interim Statements of Operations and Comprehensive Loss(Unaudited)(Expressed in United States dollars) For the three months ended March 31 2025 2024 Revenue (note 16)$ 15,088,846 $ 15,589,852 Cost of goods sold (note 5)8,864,174 9,498,901 Gross Profit6,224,672 6,090,951 Operating expenses: Fulfillment costs895,598 997,767 Selling and marketing1,415,059 1,362,557 Administration3,298,776 3,346,772 Depreciation and amortization770,538 700,836 6,379,971 6,407,932 Profit (loss) from operations(155,299) (316,981) Other income (expense): Interest income6,440 22,102 Interest expense(348,610) (329,862) Rental income- 56,195 Fair value adjustment of warrants (note 13)(130,569) 3,039 Restructuring costs (note 20)(120,014) - Foreign exchange gain (loss)(18,853) 43,683 (611,606) (204,843) Loss before income taxes(766,905) (521,824) Income tax (expense) recovery(119,000) (67,500) Total loss and comprehensive loss for the period$ (885,905) $ (589,324) Deficit, beginning of period$ (131,497,177) $ (130,249,647) Deficit, end of period$ (132,383,082) $ (130,838,971) Loss per share: Basic and diluted loss per share (note 21)(0.02) (0.01) Condensed Consolidated Interim Statement of Changes in Equity (Deficiency)(Unaudited)(Expressed in United States dollars) For the three months ended March 31, 2025 and 2024Common Shares Share based payment reserve Deficit TotalNumber Amount Balance - December 31, 2023 41,941,535 $ 123,109,599 $ 11,323,580 $ (130,249,647) $ 4,183,532 Issuance of share capital (note 15) 7,843 3,720 - - 3,720 Loss and comprehensive loss for the period - - - (589,324) (589,324) Share-based payment expense (note 15) - - 64,180 - 64,180 Balance - March 31, 2024 41,949,378 123,113,319 11,387,760 (130,838,971) 3,662,108 Balance - December 31, 2024 42,032,706 $ 123,136,971 $ 11,515,195 $ (131,497,177) $ 3,154,989 Issuance of share capital (note 15) - - - - - Exercise of options 7,417 6,666 (2,253) - 4,413 Loss and comprehensive loss for the period - - - (885,905) (885,905) Share-based payment expense (note 15) - - 34,865 - 34,865 Balance - March 31, 2025 42,032,123 $ 123,143,637 $ 11,547,807 $ (132,383,082) $ 2,308,362 Condensed Consolidated Interim Statement of Cash Flows(Unaudited)(Expressed in United States dollars)For the three months ended March 312025 2024Cash provided by (used in):Operating activities: Loss for the period $ (885,905) $ (589,324) Add (deduct) items not affecting cash: Depreciation 763,042 700,836 Income tax expense 119,000 67,500 Stock-based compensation expense 34,865 64,180 Other interest and finance cost 269,487 295,175 Interest paid on leases 40,556 34,687 Interest earned on lease receivables - (22,102) Fair value adjustment on warrants 131,069 (3,039) Unrealized foreign exchange (515) (39,794) Change in non-cash working capital (note 17) 312,716 664,774 Income taxes paid (16,611) (1,000) Total operating activities 767,704 1,171,893Investing activities: Purchase of property and equipment (101,014) (29,329) Principal received on lease receivables - 70,551 Total investing activities (101,014) 41,222Financing activities: Proceeds from exercise of options 4,413 3,720 Deferred financing costs (72,939) - Interest paid (53,917) (99,766) Principal lease payments (322,060) (347,479) Promissory note repayment (311,250) (311,250) Deferred consideration repayment - (675,000) Loan advances 1,233,123 - Loan repayments (1,293) (239,581) Total financing activities 476,077 (1,669,356) Increase/(decrease) in cash and cash equivalents 1,142,767 (456,241) Cash and cash equivalents, beginning 2,347,491 2,601,893 Cash and cash equivalents, end $ 3,490,258 $ 2,145,652 To view the source version of this press release, please visit
