Alico to Participate at the BMO Global Farm to Market Conference

FORT MYERS, Fla., May 06, 2025 (GLOBE NEWSWIRE) — Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that John Kiernan, the Company’s President and Chief Executive Officer, will host one-on-one meetings with investors at the BMO Global Farm to Market Conference, taking place May 14-15, 2025 in New York City, NY.

About Alico

Alico, Inc. currently operates two divisions: Alico Citrus, currently one of the nation’s largest citrus producers, and Land Management and Other Operations, which include land leasing and related support operations. While Alico Citrus will wind down operations after the current crop is harvested in the first half of calendar year 2025, due to environmental and financial challenges, Alico remains committed to Florida’s agriculture industry, and will focus on its long-term diversified land usage and real estate development strategy. Learn more about Alico (Nasdaq: “ALCO”) at www.alicoinc.com.

Investor Contact:

John Mills
ICR
(646) 277-1254
[email protected]

Brad Heine
Chief Financial Officer
(239) 226-2000
[email protected]



April’s Zeta Economic Index Highlights Emerging Disconnect: Consumers Feel Uneasy, But Keep Spending

April’s Zeta Economic Index Highlights Emerging Disconnect: Consumers Feel Uneasy, But Keep Spending

Real-time Data from 245M Consumers Shows Action Outpacing Anxiety

NEW YORK–(BUSINESS WIRE)–Zeta Global (NYSE), the AI Marketing Cloud, today released the Zeta Economic Index (ZEI) for April 2025. Powered by Zeta’s proprietary Generative AI technology and real-time consumer behavior from over 245 million US consumers, the ZEI provides an insightful view of the strength and momentum of the US economy.

April’s data points to continued stability, with the Zeta Economic Index Score staying relatively flat month-over-month (MoM), rising modestly to 69.1, a 1.1% increase MoM. While sentiment indicators softened, core activity metrics remained resilient, suggesting that consumers are adjusting, not retreating.

“We’re not seeing consumers pull back—we’re seeing them think harder before they act,” said David A. Steinberg, Co-Founder, Chairman, and CEO of Zeta Global. “Browsing is up. Credit intent is up. People are still engaged; they’re just being more selective. That kind of nuance doesn’t show up in traditional sentiment surveys, but it’s exactly what Zeta’s real-time data captures. And that’s what gives intelligence-powered businesses an edge in this environment.”

While economic activity remains positive, the pace is measured rather than progressive. With the Fed’s March rate cut now fully absorbed into consumer systems, stability seems to be holding—but not necessarily accelerating. Interestingly, even as consumer sentiment has cooled, spending behavior remains steady. The disconnect between how people feel and how they act continues to quietly sustain economic flow.

Confidence Wavers: Consumers Remain Active, but with a Cautious Approach

Consumer sentiment in April reflected a more restrained tone. Discretionary Spend Propensity fell 5.5% MoM, while Job Market Sentiment also declined 3.7% MoM, extending a trend of softening outlooks around employment. A similar dip appeared in the New Mover Index (down 4.1% MoM), suggesting hesitation in making major life changes.

But retreat is not the full story. Time Browsing Online jumped 10.5% MoM—marking one of the largest spikes in over a year. Historically, increases in browsing behavior are one of the earliest signs of purchasing intent, suggesting consumers are still moving through the funnel, even if more deliberately.

Credit Line Expansion Intent also grew 6.0% MoM, reinforcing that households are not closing their wallets, but rather approaching financial decisions more cautiously. In short, consumers remain active, but they’re approaching each decision with a more budget-conscious mindset.

Sector Sentiment Splits: Discretionary Weakens, Healthcare and Tech Rebound

Consumer interest across industries showed realignments in April. Dining dipped by 2.2 points, continuing a longer trend as casual restaurant spending faces pressure from shifting habits and cost concerns.

Meanwhile, tech is seeing a fresh wave of attention, gaining 4.4 points MoM, boosted by a general rise in consumer tech engagement as everyday platforms become more powerful and AI-enhanced. Healthcare also ticked up by 2.8 points as lingering seasonal illness and wellness trends continued to shape activity in the space. Entertainment and Retail both rose by 2.7 points, likely boosted by warmer weather and a spike in cultural moments that tend to drive engagement. From spring fashion drops to major live events, April brought a wave of activity that pulled consumers back into these lifestyle-driven categories.

Financial Services also posted a modest gain, up 1.9 points, as market volatility kept investors on their toes. With headlines shifting by the day, consumers appeared increasingly engaged in tracking and reacting to financial news.

The Zeta Economic Index is publicly available here and is provided as a complimentary service. It should not be considered investment advice or be relied upon to make investment decisions.

About Zeta Global

Zeta Global (NYSE: ZETA) is the AI Marketing Cloud that leverages advanced artificial intelligence (AI) and trillions of consumer signals to make it easier for marketers to acquire, grow, and retain customers more efficiently. Through the Zeta Marketing Platform (ZMP), our vision is to make sophisticated marketing simple by unifying identity, intelligence, and omnichannel activation into a single platform – powered by one of the industry’s largest proprietary databases and AI. Our enterprise customers across multiple verticals are empowered to personalize experiences with consumers at an individual level across every channel, delivering better results for marketing programs. Zeta was founded in 2007 by David A. Steinberg and John Sculley and is headquartered in New York City with offices around the world. To learn more, go to www.zetaglobal.com.

Forward-Looking Statements

This press release, together with other statements and information publicly disseminated by the Company, contains certain 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. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning our anticipated future financial performance, our market opportunities and our expectations regarding our business plan and strategies. These statements often include words such as “anticipate,” “believe,” “could,” “estimates,” “expect,” “forecast,” “guidance,” “intend,” “may,” “outlook,” “plan,” “projects,” “should,” “suggests,” “targets,” “will,” “would” and other similar expressions. We base these forward-looking statements on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at such time. Although we believe that these forward-looking statements are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect our business, results of operations and financial condition and could cause actual results to differ materially from those expressed in the forward-looking statements. These statements are not guarantees of future performance or results.

The forward-looking statements are subject to and involve risks, uncertainties and assumptions, and you should not place undue reliance on these forward-looking statements. These cautionary statements should not be construed by you to be exhaustive and the forward-looking statements are made only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Investor Relations

Matt Pfau

[email protected]

Press

Candace Dean

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Technology Communications Business Professional Services Software Internet Digital Marketing Data Analytics Artificial Intelligence

MEDIA:

Logo
Logo

Coincheck Group N.V. to Announce Fourth Quarter 2025 Results on May 13, 2025

Coincheck Group N.V. to Announce Fourth Quarter 2025 Results on May 13, 2025

AMSTERDAM–(BUSINESS WIRE)–
Coincheck Group N.V. (the “Company”) (Nasdaq: CNCK), now and going forward the holding company of Coincheck, Inc, a leading Japanese crypto exchange, today announced that the Company will release its fourth quarter 2025 financial results on Tuesday, May 13, 2025.

About Coincheck Group N.V.

Headquartered in the Netherlands, Coincheck Group N.V. (NASDAQ: CNCK) is a public limited liability company and the holding company of Coincheck, Inc. Coincheck operates one of the largest multi-cryptocurrency marketplaces and crypto asset exchanges in Japan and is regulated by the Japan Financial Services Agency. Coincheck provides Marketplace and Exchange platforms on which diverse cryptocurrencies, including Bitcoin and Ethereum, are held and exchanged as well as other retail-focused crypto services.

Media and Investor Relations Contact:

[email protected]

KEYWORDS: Europe Japan Netherlands Asia Pacific

INDUSTRY KEYWORDS: Professional Services Apps/Applications Technology Cryptocurrency Finance Fintech

MEDIA:

Achieve Life Sciences to Announce First Quarter 2025 Financial Results and Host Conference Call and Webcast on May 13, 2025

SEATTLE and VANCOUVER, British Columbia, May 06, 2025 (GLOBE NEWSWIRE) — Achieve Life Sciences, Inc. (Nasdaq: ACHV) a late-stage specialty pharmaceutical company focused on the global development and commercialization of cytisinicline as a treatment of nicotine dependence for smoking cessation, today announced that it will report its first quarter 2025 financial results and provide a corporate update on the cytisinicline development program on Tuesday May 13, 2025, at 8:30 AM EDT.

To access the webcast, please use the following link: 1Q25 Earnings Webcast. Alternatively, you may access the live conference call by dialing 877-269-7756 (U.S. & Canada) or 201-689-7817 (International) and referencing conference ID 13752599. A webcast replay will be available approximately three hours after the call and archived on the website for 90 days.

About Achieve Life Sciences, Inc.

Achieve Life Sciences is a late-stage specialty pharmaceutical company committed to addressing the global smoking health and nicotine dependence epidemic through the development and commercialization of cytisinicline. The company has successfully completed two Phase 3 studies with cytisinicline for smoking cessation and one Phase 2 study with cytisinicline in vaping cessation. The company has fully enrolled its ongoing open-label safety study with cytisinicline and plans to submit its new drug application for smoking cessation in June 2025. Achieve has also conducted a successful end-of-Phase 2 meeting with the FDA for a future vaping indication.

About Cytisinicline

There are approximately 29 million adults in the United States who smoke combustible cigarettes.1 Tobacco use is currently the leading cause of preventable death that is responsible for more than eight million deaths worldwide and nearly half a million deaths in the United States annually.2,3 More than 87% of lung cancer deaths, 61% of all pulmonary disease deaths, and 32% of all deaths from coronary heart disease are attributable to smoking and exposure to secondhand smoke.3

In addition, there are over 11 million adults in the United States who use e-cigarettes, also known as vaping.4 In 2024, approximately 1.6 million middle and high school students in the United States reported using e-cigarettes.5 There are no FDA-approved treatments indicated specifically as an aid to nicotine e-cigarette cessation. Cytisinicline has been granted Breakthrough Therapy designation by the FDA to address this critical need.

Cytisinicline is a plant-based alkaloid with a high binding affinity to the nicotinic acetylcholine receptor. It is believed to aid in treating nicotine addiction for smoking and e-cigarette cessation by interacting with nicotine receptors in the brain, reducing the severity of nicotine craving symptoms, and reducing the reward and satisfaction associated with nicotine products. Cytisinicline is an investigational product candidate being developed for the treatment of nicotine addiction and has not been approved by the Food and Drug Administration for any indication in the United States.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the timing and nature of cytisinicline clinical development and regulatory review and approval, data results and commercialization activities, the potential market size for cytisinicline, the potential benefits, efficacy, safety and tolerability of cytisinicline, the development and effectiveness of new treatments, and the successful commercialization of cytisinicline. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Achieve may not actually achieve its plans or product development goals in a timely manner, if at all, or otherwise carry out its intentions or meet its expectations or projections disclosed in these forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including, among others, the risk that cytisinicline may not demonstrate the hypothesized or expected benefits; the risk that Achieve may not be able to obtain additional financing to fund the development and commercialization of cytisinicline; the risk that cytisinicline will not receive regulatory approval in a timely manner or at all, or be successfully commercialized; the risk that new developments in the smoking and vaping cessation landscapes require changes in business strategy or clinical development plans; the risk that Achieve’s intellectual property may not be adequately protected; general business and economic conditions; risks related to the impact on our business of macroeconomic and geopolitical conditions, including fluctuating inflation, interest and tariff rates, volatility in the debt and equity markets, actual or perceived instability in the global banking system, global health crises and pandemics and geopolitical conflict and the other factors described in the risk factors set forth in Achieve’s filings with the Securities and Exchange Commission from time to time, including Achieve’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Achieve undertakes no obligation to update the forward-looking statements contained herein or to reflect events or circumstances occurring after the date hereof, other than as may be required by applicable.

Achieve Contact

Nicole Jones
[email protected]
425-686-1510

References

1VanFrank B, Malarcher A, Cornelius ME, Schecter A, Jamal A, Tynan M. Adult Smoking Cessation — United States, 2022. MMWR Morb Mortal Wkly Rep 2024;73:633–641.
2World Health Organization. WHO Report on the Global Tobacco Epidemic, 2019. Geneva: World Health Organization, 2017.
3U.S. Department of Health and Human Services. The Health Consequences of Smoking – 50 Years of Progress. A Report of the Surgeon General, 2014.
4Cornelius ME, Loretan CG, Jamal A, et al. Tobacco Product Use Among Adults – United States, 2021. MMWR Morb Mortal Wkly Rep 2023;72:475–483.
5Jamal A, Park-Lee E, Birdsey J, et al. Tobacco Product Use Among Middle and High School Students — National Youth Tobacco Survey, United States, 2024. MMWR Morb Mortal Wkly Rep 2024;73:917–924.



AV Unleashes Red Dragon: A New Breed of Fully Autonomous, GPS-Denied One-Way Attack Unmanned Aircraft Systems

AV Unleashes Red Dragon: A New Breed of Fully Autonomous, GPS-Denied One-Way Attack Unmanned Aircraft Systems

Pioneering a New Class of Autonomous Systems Built for GPS-Denied, High-Threat Environments

ARLINGTON, Va.–(BUSINESS WIRE)–
AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) today announced the launch of Red Dragon™, a fully autonomous capable, software-defined unmanned aircraft system (UAS) designed for one-way attack missions in high-threat, GPS-denied, and communications-degraded environments. Developed as part of AV’s expanding portfolio of tactical autonomy, Red Dragon is built on AV’s AVACORE™ shared software architecture—enabling rapid development, scalable manufacturing, and modular mission integration. AV’s industry-leading SPOTR-Edge™ perception system enables detection and classification of targets to aid the operator in making decisions with confidence via AV’s proprietary DDIL radio system.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250506910031/en/

Red Dragon one-way attack UAS launches—bringing the future of autonomous precision strike capabilities to the battlefield today. [Photo: AV]

Red Dragon one-way attack UAS launches—bringing the future of autonomous precision strike capabilities to the battlefield today. [Photo: AV]

Red Dragon delivers a combination of autonomy, electronic warfare resilience, and tactical flexibility previously unavailable in its class. It is designed to penetrate contested airspace and operate effectively in denied, disrupted, intermittent, and low-bandwidth (DDIL) environments. The system is capable of autonomous execution of mission objectives without reliance on continuous operator input or satellite navigation.

Designed for manufacturing at scale, Red Dragon enables mass production, rapid deployment, and simplified logistics to meet operational demands. It is optimized for cross-domain use—across air, land, and maritime—and is designed so small teams can be trained quickly and effectively.

“Red Dragon represents a significant step forward in autonomous lethality,” said Jeff Rodrian, Executive Vice President, MacCready Works. “By combining advanced autonomy, GNSS-independent navigation, and mass producibility, Red Dragon delivers a mission-ready system designed for today’s contested battlespace. It is the first of a new generation of autonomous systems built for scale, speed, and operational relevance.”

“At AV, our mission is to change the way wars are fought—by putting the safety, survivability, and operational advantage of our warfighters first,” said Wahid Nawabi, President & CEO of AV. “Red Dragon reflects the kind of breakthrough capability that ensures U.S. and allied forces stay ahead in an increasingly complex threat environment. It’s not just about autonomy—it’s about delivering trusted, mission-defining technologies that protect lives and reshape the future of defense.”

Red Dragon is the first in a rapidly growing family of platforms under development at AV with a common software and hardware architecture for mission-specific variants. Each shares a common software and autonomy architecture designed to support rapid evolution across domains and use cases. This enables evolutions at the speed of software and warfare.

ABOUT AV

AV (NASDAQ: AVAV) is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber. The company develops and deploys autonomous systems, precision strike systems, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities—built to meet the mission needs of today’s warfighter and tomorrow’s conflicts. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future-defining capabilities with speed, scale, and operational relevance.

For more information visit: www.avinc.com.

SAFE HARBOR STATEMENT

Certain statements in this press release may constitute “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

MEDIA CONTACT

René Bardorf

AeroVironment

+1.703.418.2828

[email protected]

KEYWORDS: United States North America Virginia

INDUSTRY KEYWORDS: Technology Military Other Technology Aerospace Drones Manufacturing Software Government Technology Defense

MEDIA:

Photo
Photo
Red Dragon one-way attack UAS launches—bringing the future of autonomous precision strike capabilities to the battlefield today. [Photo: AV]
Logo
Logo

PodcastOne (NASDAQ: PODC) and Kaitlyn Bristowe Celebrate 10 Year Anniversary of Her Season of ABC’s The Bachelorette with Special Edition of Off the Vine with Kaitlyn Bristowe Podcast

Off the Vine All Time Downloads 179 Million with Over 830 Episodes Since Debut

LOS ANGELES, May 06, 2025 (GLOBE NEWSWIRE) — PodcastOne (NASDAQ: PODC), a leading publisher and podcast sales network, announced today that podcast host Kaitlyn Bristowe is celebrating her pinnacle season of ABC’s long running Bachelorette franchise with a special nostalgic edition of her People’s Choice Award nominated podcast, Off the Vine with Kaitlyn Bristowe.

Twice weekly episodes launch May 6, 2025 and Bristowe, arguably one of the most popular Bachelorette’s in series history, celebrates the 10 year anniversary of her season of the show. Kicking off the first episode is Bristowe taking a lookback on her entire season and reacting to scenes she hasn’t revisited in ten years. Listeners will be along for the ride as Bristowe reacts to key show moments and reveals never before heard stories and shares the full story of what went down during her much-watched season of The Bachelorette. Subsequent episodes through June feature former suitors and cast members as they too share their stories.

“Kaitlyn Bristowe is one of the most charming and witty hosts in podcasting and her connection with her audience is unrivaled. We at PodcastOne are thrilled to be able to present this special edition of Off the Vine, allowing audiences a peek at Kaitlyn at her most vulnerable and honest as she shares her experiences and reactions to the show that changed her life,” said Kit Gray, President and Co-Founder of PodcastOne.

Since its 2018 debut, Off The Vine with Kaitlyn Bristowe has amassed a following of devoted fans, affectionately referred to as Vinos who tune in weekly for lots of laughs, candid conversations, taboo topics, and unfiltered advice. In a space where gals and guys can feel empowered to be themselves on this People’s Choice Award nominated show, Bristowe delivers content that shows that there is more reality to life than what you see on Instagram.

PodcastOne’s full roster of top ranked podcasts includes programming across top genres such as news, comedy, true crime, sports and society and culture and includes shows such as The Jordan Harbinger Show,Karma and Chaos, The Adam Carolla Show, Stassi, Off The Vine with Kaitlyn Bristowe, LadyGang, Gals on the Go, The Prosecutors, Court Junkie, Cold Case Files, I Survived, and Varnamtown. PodcastOne shows are available through PodcastOne, Apple Podcasts, Spotify, YouTube, iHeart, Amazon and wherever podcasts are heard.


About PodcastOne



PodcastOne
(NASDAQ: PODC) is a leading podcast platform that provides creators and advertisers with a comprehensive 360-degree solution in sales, marketing, public relations, production, and distribution. PodcastOne has surpassed 3.9 billion total downloads with a community of 200 top podcasters, including Adam Carolla, Kaitlyn Bristowe, Jordan Harbinger, LadyGang, A&E’s Cold Case Files, and Varnamtown. PodcastOne has built a distribution network reaching over 1 billion monthly impressions across all channels, including YouTube, Spotify, Apple Podcasts, and iHeartRadio. PodcastOne is also the parent company of PodcastOne Pro which offers fully customizable production packages for brands, professionals, or hobbyists. For more information, visit www.podcastone.com and follow us on FacebookInstagramYouTube, and X at @podcastone.


Forward-Looking Statements


All statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne’s reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne’s and PodcastOne’s ability to consummate any proposed financing, acquisition, merger, distribution or other transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; PodcastOne’s ability to continue as a going concern; PodcastOne’s ability to attract, maintain and increase the number of its listeners; PodcastOne identifying, acquiring, securing and developing content; LiveOne’s intent to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne’s ability to maintain compliance with certain financial and other covenants; PodcastOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; LiveOne’s ability to extend and/or refinance its indebtedness and/or repay its indebtedness when due; uncertain and unfavorable outcomes in legal proceedings and/or PodcastOne’s and/or LiveOne’s ability to pay any amounts due in connection with any such legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of PodcastOne, LiveOne and/or LiveOne’s other subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in PodcastOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2024, PodcastOne’s Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2024, filed with the SEC on February 14, 2025, and in PodcastOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and PodcastOne disclaims any obligation to update these statements, except as may be required by law. PodcastOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.


Press Contacts


310.246.4600
[email protected]



Alpha Tau to Participate in May Investor Conferences

JERUSALEM, May 06, 2025 (GLOBE NEWSWIRE) — Alpha Tau Medical Ltd. (“Alpha Tau”, or the “Company”) (NASDAQ: DRTS, DRTSW), the developer of the innovative alpha-radiation cancer therapy Alpha DaRT®, today announced that CFO Raphi Levy will presentation in the following investor conferences in May 2025.

Event: H.C. Wainwright 3rd Annual BioConnect Investor Conference
Format: Fireside Chat
Date: May 20, 2025
Time: 3:30 – 4:00PM ET
Location: New York, NY

Event: Lytham Partners Spring 2025 Investor Conference
Format: 1×1 Meetings
Date: May 29, 2025
Location: Virtual


Mr. Levy will be available for 1×1 investor meetings at both conferences. Please reach out to your H.C. Wainwright and Lytham Partners representatives to schedule.

About Alpha Tau Medical Ltd.

Founded in 2016, Alpha Tau is an Israeli oncology therapeutics company that focuses on research, development, and potential commercialization of the Alpha DaRT for the treatment of solid tumors. The technology was initially developed by Prof. Itzhak Kelson and Prof. Yona Keisari from Tel Aviv University.

About Alpha DaRT

®

Alpha DaRT (Diffusing Alpha-emitters Radiation Therapy) is designed to enable highly potent and conformal alpha-irradiation of solid tumors by intratumoral delivery of radium-224 impregnated sources. When the radium decays, its short-lived daughters are released from the sources and disperse while emitting high-energy alpha particles with the goal of destroying the tumor. Since the alpha-emitting atoms diffuse only a short distance, Alpha DaRT aims to mainly affect the tumor, and to spare the healthy tissue around it.

Investor Relations Contact:

[email protected]



Expeditors Reports First Quarter 2025 EPS of $1.47

Expeditors Reports First Quarter 2025 EPS of $1.47

BELLEVUE, Wash.–(BUSINESS WIRE)–
Expeditors International of Washington, Inc. (NYSE:EXPD) today announced first quarter 2025 financial results including the following comparisons to the same quarter of 2024:

  • Diluted Net Earnings Attributable to Shareholders per share (EPS1) increased 26% to $1.47
  • Net Earnings Attributable to Shareholders increased 20% to $204 million
  • Operating Income increased 24% to $266 million
  • Revenues increased 21% to $2.7 billion
  • Airfreight tonnage increased 9% and ocean container volume increased 8%

“We continue to pull the right levers to grow all of our businesses with current customers as well as new ones,” said Daniel R. Wall, President and Chief Executive Officer. “We grew air tonnage and ocean volumes year-over-year as all of our teams across our global network performed their best in a very difficult market. I especially want to thank our brokerage teams for maximizing their efforts and all of their additional work to address the frenzied landscape of tariffs, threats of tariffs, shifting geopolitics, and other disruptions that have had shippers around the world rapidly re-evaluating the risks to their supply chains. While we often have performed well when the marketplace is most unpredictable, I am not sure any of us have ever seen anything like the non-stop, rapidly shifting rules and regulations that have impacted our industry in recent days. We believe we are staffed with the right talent in the right locations to help our customers function and navigate this chaotic trade environment. Customers often turn to us for our cross-border expertise and we have held hundreds of near-daily industry update sessions with thousands of participants to keep current and potential customers abreast of the latest regulatory changes and solutions to get their freight where it needs to be.

“Compared to a year ago, airfreight increased on higher buy and sell rates and growth in tonnage from strong demand, primarily in technology, as importers front-loaded shipments in anticipation of higher trade tariffs. Air capacity remained tight due to e‑commerce export demand from North Asia and ongoing re-sourcing to South Asia and India. Our ocean business favorably compares to the first quarter a year ago and grew in strength on higher volumes and rates as importers also front-loaded shipments, as well as extended transit times because of the continuing conflict in the Red Sea. Our customs and other businesses increased on growth in customs clearances and additional ancillary services from increased shipments, as well as increased road freight volumes, and growth in new business in warehousing and distribution, principally in North America.

“Looking back on Q1, we performed well across all of our businesses. However, the short- and longer-term future is as unpredictable to us as it is to everyone. While we currently expect air capacity and rates to remain volatile, it is too early to predict what impact an end to the de minimis exemption may have on air capacity and rates going forward, as there are other economic and geopolitical unknowns to consider. Subsequent to March 31, 2025, we are seeing early signs that China to U.S. ocean volumes are declining significantly. While some of those volumes are shifting to other lanes, as customers look to mitigate their exposure to China-specific tariffs, it is too early to know what the overall decline in volumes might be. Speculation regarding additional tariffs may cause more customers to pause or cancel shipments entirely. While carriers have shown a willingness to manage capacity, the current environment is so unsettled that they simply may not be able to do enough to keep rates from continuing to fall if consumer resilience fades and the capacity/demand imbalance becomes significant in certain lanes.

“We believe that uncertainty is likely to continue for some time, with possibly significant impacts to our industry. We also remain optimistic that trade will continue to flow, and we will work closely with our customers to find solutions to keep their cargo moving. We believe that wherever trade moves, we already have talented people and operational infrastructure on-site to handle that business.”

Bradley S. Powell, Senior Vice President and Chief Financial Officer, added, “During the quarter, we carefully boosted headcount in certain areas to support growth in business activity, primarily in operations and sales, as well as our critical information systems. But we were again careful not to increase headcount ahead of our ability to grow tonnage and volumes and increase profitability, growing pre-tax operating income by 24% from a year ago. Our measure of operating efficiency (operating income as a percentage of revenue less directly related cost of transportation and other expenses) was in line with our 30% target.”

Mr. Powell noted that the Company generated $343 million in cash from operations and returned $177 million to shareholders through stock repurchases, while continuing to make significant investments in cybersecurity and other technology to protect, upgrade, and strengthen current systems, while also investing to deploy new and enhanced technology solutions.

Expeditors is a global logistics company headquartered in Bellevue, Washington. The Company employs trained professionals in 172 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions.

1Diluted earnings attributable to shareholders per share.

NOTE: See Disclaimer on Forward-Looking Statements in this release.

Disclaimer on Forward-Looking Statements:

Certain statements contained in this news release are “forward-looking statements,” based on management’s views with respect to future events and underlying assumptions that involve risks and uncertainties. These forward-looking statements include statements regarding inflation; continued growth in air and ocean carrier capacity and the impact on rates; unpredictability in the ocean and air markets, including uncertainty due to conflicts in the Middle East and Red Sea; national policy changes on tariffs and other similar measures; port actions and other labor disruptions; new capacity in the marketplace; longer ocean transit times; e-commerce demand in the air market; changing de minimis laws; and volatile rates. Future financial performance could differ materially because of factors such as: our ability to secure higher air tonnage and ocean volumes; our ability to carefully add headcount and keep other costs in check while continuing to generate efficiency that meets our historical expectations; the alignment of our variable compensation structure with performance; our ability to enhance and bolster our network security; that management is able to grow the business and explore new areas for profitable growth; our ability to take market share; our ability to offer cross-border customs expertise; our ability to offer solutions to address the ever shifting tariff changes; our ability to find solutions to keep cargo moving for our customers during highly uncertain market conditions; our ability to leverage the strength of our carrier relationships; the strength of our non-asset-based operating model; and our ability to remain a strong, healthy, unified and resilient organization. Geopolitical risks, port actions, other labor disruptions, tariffs, the removal of the de minimis exemption for goods manufactured in China and Hong Kong, and the current uncertainty in the global economy could have the effect of heightening many of the other risks described in Item 1A of our Annual Report on Form 10-K, including, without limitation, those related to the success of our strategy and desire to maintain historical unitary profitability, our ability to attract and retain customers, our ability to manage costs, interruptions to our information technology systems, the ability of third-party providers to perform, and potential litigation and contingencies, including risks associated with tax audits, as updated by our reports on Form 10-Q, filed with the Securities and Exchange Commission. These and other factors are discussed in the Company’s regulatory filings with the Securities and Exchange Commission, including those in “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and the Company’s most recent Form 10-Q. The forward-looking statements contained in this news release speak only as of this date and the Company does not assume any obligation to update them except as required by law.

Expeditors International of Washington, Inc.

First Quarter 2025 Earnings Release, May 6, 2025

Financial Summary for three months ended March 31, 2025 and 2024 (Unaudited)

(in 000’s of US dollars except share data)

 

 

 

Three months ended March 31,

 

 

2025

 

 

2024

 

 

% Change

Revenues

 

$

2,666,419

 

 

$

2,206,678

 

 

21%

Directly related cost of transportation and other expenses 1

 

$

1,776,675

 

 

$

1,433,280

 

 

24%

Salaries and other operating expenses2

 

$

623,886

 

 

$

558,622

 

 

12%

Operating income

 

$

265,858

 

 

$

214,776

 

 

24%

Net earnings attributable to shareholders

 

$

203,795

 

 

$

169,152

 

 

20%

Diluted earnings attributable to shareholders per share

 

$

1.47

 

 

$

1.17

 

 

26%

Basic earnings attributable to shareholders per share

 

$

1.48

 

 

$

1.18

 

 

25%

Diluted weighted average shares outstanding

 

 

138,435

 

 

 

144,125

 

 

 

Basic weighted average shares outstanding

 

 

137,833

 

 

 

143,194

 

 

 

1Directly related cost of transportation and other expenses totals Operating Expenses from Airfreight services, Ocean freight and ocean services and Customs brokerage and other services as shown in the Condensed Consolidated Statements of Earnings.

2Salaries and other operating expenses totals Salaries and related, Rent and occupancy, Depreciation and amortization, Selling and promotion and Other as shown in the Condensed Consolidated Statements of Earnings.

During the three months ended March 31, 2025 we repurchased 1.5 million shares of common stock at an average price of $117.29 per share. During the three months ended March 31, 2024 we repurchased 3.0 million shares of common stock at an average price of $120.17 per share.

 

Employee Full-time Equivalents as of March 31,

 

2025

 

2024

North America

 

7,098

 

6,839

Europe

 

3,935

 

3,771

North Asia

 

2,287

 

2,246

South Asia

 

1,833

 

1,688

Middle East, Africa and India

 

1,440

 

1,406

Latin America

 

829

 

760

Information Systems

 

1,358

 

1,286

Corporate

 

423

 

407

Total

 

19,203

 

18,403

 

 

First quarter year-over-year percentage increase in:

2025

 

Airfreight

kilos

 

Ocean freight

FEU

January

 

6%

 

10%

February

 

6%

 

8%

March

 

15%

 

5%

Quarter

 

9%

 

8%

Investors may submit written questions via e-mail to: [email protected]. Questions received by the end of business on May 9, 2025 will be considered in management’s 8-K “Responses to Selected Questions.”

—————————————–

NOTE: See Disclaimer on Forward-Looking Statements in this release.

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

 

Condensed Consolidated Balance Sheets

(In thousands, except per share data)

(Unaudited)

 

 

 

March 31, 2025

 

December 31, 2024

Assets:

 

 

 

 

Current Assets:

 

 

 

 

Cash and cash equivalents

 

$

1,318,520

 

 

$

1,148,320

 

Accounts receivable, less allowance for credit loss of

$6,979 at March 31, 2025 and $6,878 at December 31, 2024

 

 

1,904,171

 

 

 

1,997,840

 

Deferred contract costs

 

 

279,843

 

 

 

349,343

 

Other

 

 

138,070

 

 

 

164,272

 

Total current assets

 

 

3,640,604

 

 

 

3,659,775

 

Property and equipment, less accumulated depreciation and

amortization $630,591 at March 31, 2025 and $615,533 at December 31, 2024

 

 

453,696

 

 

 

449,404

 

Operating lease right-of-use assets

 

 

568,790

 

 

 

551,652

 

Goodwill

 

 

7,927

 

 

 

7,927

 

Deferred federal and state income taxes, net

 

 

70,126

 

 

 

70,671

 

Other assets, net

 

 

15,507

 

 

 

15,029

 

Total assets

 

$

4,756,650

 

 

$

4,754,458

 

Liabilities:

 

 

 

 

Current Liabilities:

 

 

 

 

Accounts payable

 

$

1,047,374

 

 

$

1,036,749

 

Accrued liabilities, primarily salaries and related costs

 

 

440,646

 

 

 

451,921

 

Contract liabilities

 

 

359,508

 

 

 

441,927

 

Current portion of operating lease liabilities

 

 

109,455

 

 

 

106,736

 

Federal, state and foreign income taxes

 

 

33,261

 

 

 

29,140

 

Total current liabilities

 

 

1,990,244

 

 

 

2,066,473

 

Noncurrent portion of operating lease liabilities

 

 

478,903

 

 

 

462,201

 

Shareholders’ Equity:

 

 

 

 

Preferred stock, none issued

 

 

 

 

 

 

Common stock, par value $0.01 per share. Issued and outstanding:

136,733 shares at March 31, 2025 and 138,003 shares at December 31, 2024

 

 

1,368

 

 

 

1,380

 

Additional paid-in capital

 

 

 

 

 

 

Retained earnings

 

 

2,504,222

 

 

 

2,455,132

 

Accumulated other comprehensive loss

 

 

(219,799

)

 

 

(233,500

)

Total shareholders’ equity

 

 

2,285,791

 

 

 

2,223,012

 

Noncontrolling interest

 

 

1,712

 

 

 

2,772

 

Total equity

 

 

2,287,503

 

 

 

2,225,784

 

Total liabilities and equity

 

$

4,756,650

 

 

$

4,754,458

 

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

 

 

 

 

 

Condensed Consolidated Statements of Earnings

(In thousands, except per share data)

(Unaudited)

 

 

 

Three months ended March 31,

 

 

 

 

2025

 

 

2024

 

 

Revenues:

 

 

 

 

 

 

 

Airfreight services

 

$

901,760

 

 

$

759,374

 

 

Ocean freight and ocean services

 

 

781,665

 

 

 

570,786

 

 

Customs brokerage and other services

 

 

982,994

 

 

 

876,518

 

 

Total revenues

 

 

2,666,419

 

 

 

2,206,678

 

 

Operating Expenses:

 

 

 

 

 

 

 

Airfreight services

 

 

648,494

 

 

 

537,591

 

 

Ocean freight and ocean services

 

 

573,901

 

 

 

413,983

 

 

Customs brokerage and other services

 

 

554,280

 

 

 

481,706

 

 

Salaries and related

 

 

457,937

 

 

 

413,162

 

 

Rent and occupancy

 

 

64,343

 

 

 

61,252

 

 

Depreciation and amortization

 

 

14,604

 

 

 

15,161

 

 

Selling and promotion

 

 

8,574

 

 

 

6,779

 

 

Other

 

 

78,428

 

 

 

62,268

 

 

Total operating expenses

 

 

2,400,561

 

 

 

1,991,902

 

 

Operating income

 

 

265,858

 

 

 

214,776

 

 

Other Income (Expense):

 

 

 

 

 

 

 

Interest income

 

 

9,184

 

 

 

14,878

 

 

Other, net

 

 

839

 

 

 

3,528

 

 

Other income, net

 

 

10,023

 

 

 

18,406

 

 

Earnings before income taxes

 

 

275,881

 

 

 

233,182

 

 

Income tax expense

 

 

71,782

 

 

 

62,782

 

 

Net earnings

 

 

204,099

 

 

 

170,400

 

 

Less net earnings (losses) attributable to the noncontrolling

interest

 

 

304

 

 

 

1,248

 

 

Net earnings attributable to shareholders

 

$

203,795

 

 

$

169,152

 

 

Diluted earnings attributable to shareholders per share

 

$

1.47

 

 

$

1.17

 

 

Basic earnings attributable to shareholders per share

 

$

1.48

 

 

$

1.18

 

 

Weighted average diluted shares outstanding

 

 

138,435

 

 

 

144,125

 

 

Weighted average basic shares outstanding

 

 

137,833

 

 

 

143,194

 

 

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

 

 

 

 

Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

 

 

 

Three months ended March 31,

 

 

 

2025

 

2024

 

Operating Activities:

 

 

 

 

 

Net earnings

 

$

204,099

 

$

170,400

 

Adjustments to reconcile net earnings to net cash from operating activities:

 

 

 

 

 

Provisions for losses on accounts receivable

 

 

761

 

 

394

 

Deferred income tax benefit

 

 

76

 

 

2,294

 

Stock compensation expense

 

 

11,549

 

 

12,372

 

Depreciation and amortization

 

 

14,604

 

 

15,161

 

Other, net

 

 

2,291

 

 

1,985

 

Changes in operating assets and liabilities:

 

 

 

 

 

Decrease (increase) in accounts receivable

 

 

108,149

 

 

(60,542)

 

(Decrease) increase in accounts payable and accrued liabilities

 

 

(18,419)

 

 

83,591

 

Decrease (increase) in deferred contract costs

 

 

75,973

 

 

(64,062)

 

(Decrease) increase in contract liabilities

 

 

(89,288)

 

 

69,308

 

Increase in income taxes payable, net

 

 

30,340

 

 

22,686

 

Decrease in other, net

 

 

2,487

 

 

3,317

 

Net cash from operating activities

 

 

342,622

 

 

256,904

 

Investing Activities:

 

 

 

 

 

Purchase of property and equipment

 

 

(13,152)

 

 

(10,181)

 

Other, net

 

 

156

 

 

97

 

Net cash from investing activities

 

 

(12,996)

 

 

(10,084)

 

Financing Activities:

 

 

 

 

 

Proceeds on borrowings on lines of credit, net

 

 

195

 

 

(17,242)

 

Proceeds from issuance of common stock

 

 

13,043

 

 

8,029

 

Repurchases of common stock

 

 

(177,354)

 

 

(360,524)

 

Payments for taxes related to net share settlement of equity awards

 

 

(509)

 

 

(5,185)

 

Distribution to noncontrolling interest

 

 

(1,346)

 

 

 

Net cash from financing activities

 

 

(165,971)

 

 

(374,922)

 

Effect of exchange rate changes on cash and cash equivalents

 

 

6,545

 

 

(14,325)

 

Change in cash and cash equivalents

 

 

170,200

 

 

(142,427)

 

Cash and cash equivalents at beginning of period

 

 

1,148,320

 

 

1,512,883

 

Cash and cash equivalents at end of period

 

$

1,318,520

 

$

1,370,456

 

Taxes Paid:

 

 

 

 

 

Income taxes

 

$

40,624

 

$

36,864

 

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

 

Business Segment Information

(In thousands)

(Unaudited

 

 

 

UNITED

STATES

 

OTHER

NORTH

AMERICA

 

 

LATIN

AMERICA

 

 

NORTH

ASIA

 

 

SOUTH

ASIA

 

 

EUROPE

 

 

MIDDLE

EAST,

AFRICA

AND

INDIA

 

 

ELIMI-

NATIONS

 

 

CONSOLI-

DATED

 

For the three months ended March 31, 2025:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

854,449

 

 

116,485

 

 

 

62,389

 

 

 

695,008

 

 

 

364,577

 

 

 

422,795

 

 

 

152,872

 

 

 

(2,156

)

 

 

2,666,419

 

Directly related cost of transportation

and other expenses1

 

$

451,917

 

 

73,193

 

 

 

36,435

 

 

 

554,494

 

 

 

281,495

 

 

 

271,716

 

 

 

108,848

 

 

 

(1,423

)

 

 

1,776,675

 

Salaries and related costs

 

$

258,089

 

 

19,592

 

 

 

10,438

 

 

 

40,361

 

 

 

28,072

 

 

 

81,549

 

 

 

19,836

 

 

 

 

 

 

457,937

 

Other operating expenses2

 

$

22,548

 

 

14,828

 

 

 

9,914

 

 

 

37,746

 

 

 

23,285

 

 

 

43,359

 

 

 

15,028

 

 

 

(759

)

 

 

165,949

 

Operating income

 

$

121,895

 

 

8,872

 

 

 

5,602

 

 

 

62,407

 

 

 

31,725

 

 

 

26,171

 

 

 

9,160

 

 

 

26

 

 

 

265,858

 

Identifiable assets at period end

 

$

2,588,265

 

 

177,996

 

 

 

107,290

 

 

 

503,899

 

 

 

348,424

 

 

 

772,342

 

 

 

277,677

 

 

 

(19,243

)

 

 

4,756,650

 

Capital expenditures

 

$

8,407

 

 

226

 

 

 

225

 

 

 

505

 

 

 

874

 

 

 

1,156

 

 

 

1,759

 

 

 

 

 

 

13,152

 

Depreciation and amortization

 

$

8,938

 

 

497

 

 

 

251

 

 

 

1,056

 

 

 

570

 

 

 

2,646

 

 

 

646

 

 

 

 

 

 

14,604

 

Equity

 

$

1,481,145

 

 

50,613

 

 

 

46,120

 

 

 

273,084

 

 

 

145,611

 

 

 

169,589

 

 

 

164,036

 

 

 

(42,695

)

 

 

2,287,503

 

For the three months ended March 31, 2024:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

751,543

 

 

106,850

 

 

 

44,492

 

 

 

544,941

 

 

 

227,719

 

 

 

398,317

 

 

 

134,106

 

 

 

(1,290

)

 

 

2,206,678

 

Directly related cost of transportation

and other expenses1

 

$

403,949

 

 

66,710

 

 

 

24,464

 

 

 

426,474

 

 

 

164,024

 

 

 

254,519

 

 

 

93,792

 

 

 

(652

)

 

 

1,433,280

 

Salaries and related costs

 

$

233,313

 

 

18,906

 

 

 

8,847

 

 

 

34,942

 

 

 

22,917

 

 

 

77,572

 

 

 

16,665

 

 

 

 

 

 

413,162

 

Other operating expenses2

 

$

22,395

 

 

14,178

 

 

 

7,917

 

 

 

32,318

 

 

 

17,995

 

 

 

39,516

 

 

 

11,799

 

 

 

(658

)

 

 

145,460

 

Operating income

 

$

91,886

 

 

7,056

 

 

 

3,264

 

 

 

51,207

 

 

 

22,783

 

 

 

26,710

 

 

 

11,850

 

 

 

20

 

 

 

214,776

 

Identifiable assets at period end

 

$

2,424,540

 

 

177,571

 

 

 

105,151

 

 

 

504,704

 

 

 

265,621

 

 

 

755,569

 

 

 

284,325

 

 

 

(29,213

)

 

 

4,488,268

 

Capital expenditures

 

$

5,528

 

 

1,399

 

 

 

153

 

 

 

282

 

 

 

144

 

 

 

2,218

 

 

 

457

 

 

 

 

 

 

10,181

 

Depreciation and amortization

 

$

9,020

 

 

497

 

 

 

289

 

 

 

1,093

 

 

 

548

 

 

 

2,970

 

 

 

744

 

 

 

 

 

 

15,161

 

Equity

 

$

1,531,497

 

 

26,143

 

 

 

55,173

 

 

 

185,824

 

 

 

118,194

 

 

 

162,346

 

 

 

160,237

 

 

 

(41,749

)

 

 

2,197,665

 

1 Directly related cost of transportation and other expenses totals Operating Expenses from Airfreight services, Ocean freight and ocean services and Customs brokerage and other services as shown in the Condensed Consolidated Statements of Earnings.

2Other operating expenses totals rent and occupancy, depreciation and amortization, selling and promotion and other as shown in the consolidated statements of earnings.

 

Daniel R. Wall

President and Chief Executive Officer

(206) 674-3455

Bradley S. Powell

Senior Vice President and Chief Financial Officer

(206) 674-3412

Geoffrey Buscher

Director – Investor Relations

(206) 892-4510

KEYWORDS: United States North America Washington

INDUSTRY KEYWORDS: Other Transport Trucking Rail Supply Chain Management Maritime Air Transport Retail

MEDIA:

Palisade Bio Presents Positive Preclinical Data Highlighting Potential of PALI-2108 as a Promising Colon-Specific PDE4 Inhibitor for the Treatment of Ulcerative Colitis and Other Inflammatory Bowel Diseases

Two posters presented at Digestive Disease Week (DDW) 2025

Preclinical results indicate that PALI-2108 effectively modulates inflammatory pathways in the colon, promoting a favorable immune response

Company advancing Phase 1a/b study of PALI-2108 and has demonstrated a favorable safety profile in single-ascending-dose cohorts

Carlsbad, CA, May 06, 2025 (GLOBE NEWSWIRE) — Palisade Bio, Inc. (Nasdaq: PALI) (“Palisade”, “Palisade Bio”, or the “Company”), a clinical-stage biopharmaceutical company focused on developing and advancing novel therapeutics for patients living with autoimmune, inflammatory, and fibrotic diseases, today announced the presentation of positive preclinical data from PALI-2108, an orally administered, colon-specific phosphodiesterase-4 (PDE4) inhibitor prodrug in development for patients with ulcerative colitis (UC). The presented data highlighted the efficacy and safety profile of PALI-2108 in a mouse model of colitis, with a particular focus on its impact on PDE4B expression, cAMP levels, and TNF-α suppression as well as predicting efficacious PALI-0008 levels in patients.

The first poster titled, “PALI-2108, A Colon-Specific PDE4 Inhibitor Prodrug, as Bioactivated in the Colon and Reduces Colon Tissue PDE4B in a Dose-Dependent Manner, Increasing c-AMP and Suppressing TNF-α in A Mouse Model of Colitis” was presented as a Poster of Distinction as part of the “In Vivo Models of Gastrointestinal Disorders” session at Digestive Disease Week® (DDW) 2025 being held May 3–6, in San Diego, California.

“We continue to build a growing body of preclinical and clinical results for PALI-2108 that underscores its potential to be an important option for patients with inflammatory bowel diseases, like ulcerative colitis,” said Mitch Jones, MD, Ph.D., Chief Medical Officer of Palisade Bio. “We continue to make encouraging progress in our ongoing Phase 1a/b study of PALI-2108 in UC and expect to report topline data from the completed Phase 1a portion of the study by the end of May 2025.”

For the preclinical study, colitis was induced in mice using 4% dextran sulfate sodium (DSS) in drinking water. Mice were treated with PALI-2108 at 20, 40, or 80 mg/kg BID, cyclosporine A (40 mg/kg), or apremilast (12.5 mg/kg). Clinical disease progression was monitored through changes in body weight, stool consistency, and fecal blood scores, with the Disease Activity Index (DAI) calculated to quantify disease severity. Colon biopsies were collected for analysis of PDE4B expression, expression of inflammation related genes, cAMP levels, and TNF-α expression.

Pharmacokinetic (PK) modeling using data from healthy volunteers suggested that PALI-2108 has favorable absorption and bioavailability, supporting its potential for clinical use

Key Highlights

  • PALI-2108 treatment significantly improved clinical parameters of colitis, including the DAI, body weight, and colon length in a dose-dependent manner.
  • PALI-2108 administration resulted in a marked dose-dependent reduction of PDE4B expression in colon tissues, with higher cAMP levels and a notable suppression of TNF-α compared to standard treatments like cyclosporine A and apremilast.
  • By increasing cAMP levels and modulating key inflammatory mediators such as TNF-α, PALI-2108 shows significant potential for reducing symptoms associated with UC.
  • The preclinical data underscore PALI-2108’s efficacy and safety profile, with minimal CNS toxicity and favorable dose-dependent effects.

In addition to the selected Poster of Distinction, Palisade Bio presented a second poster titled, “A Bioinformatic Approach to PALI-2108 Treatment in Ulcerative Colitis Reveals the Potential for Anti-Fibrotic Efficacy with Local PDE4 Inhibition in Intestinal Fibrosis.” The presented posters are now available on the Publications page of the Company’s website.

The Company is currently conducting a Phase 1a/b single-center, double-blind, placebo-controlled study focused on safety, tolerability, pharmacokinetics, and pharmacodynamics in healthy volunteers, alongside an open-label study involving a patient cohort with UC. For more information about the Phase 1a/b clinical study, visit clinicaltrials.gov and reference identifier NCT06663605.

About Palisade Bio

Palisade Bio is a clinical-stage biopharmaceutical company focused on developing and advancing novel therapeutics for patients living with autoimmune, inflammatory, and fibrotic diseases. The Company believes that by using a targeted approach with its novel therapeutics it will transform the treatment landscape. For more information, please go to www.palisadebio.com.

Forward Looking Statements

Any statements contained in this communication that are not statements of historical fact may be deemed to be forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the safety and tolerability, PK and drug release characteristics of PALI-2108 based on the Company’s preclinical studies and preliminary data from the Company’s Phase 1b/2a clinical study, indications and anticipated benefits of PALI-2108 and the expected timing of the release of topline data from the Phase 1b/2a clinical study. These forward-looking statements are based on the Company’s current expectations. Forward-looking statements involve risks and uncertainties. The Company’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, the Company is heavily dependent on the success of PALI-2108, which is in the early stages of clinical development and may not successfully progress through clinical development or receive regulatory approval; preliminary clinical study results or the results from earlier preclinical studies may not be predictive of final or future results and unexpected adverse side effects or inadequate efficacy of PALI-2108 may limit its development, regulatory approval and/or commercialization; the Company needs to raise significant additional funds to support its operations and the continued development of PALI-2108; the timing and outcome of the Company’s current and anticipated clinical studies related to its product candidates; indications of use and estimates about the size and growth potential of the markets for the Company’s product candidates, and its ability to serve those markets, including any potential revenue generated; the Company’s ability to maintain the Nasdaq listing of its securities; the Company’s ability to compete effectively in a competitive industry; the Company’s ability to identify and qualify manufacturers to provide API and manufacture drug product; the Company’s ability to enter into commercial supply agreements; the Company’s ability to attract and retain key scientific or management personnel; the accuracy of the Company’s estimates regarding expenses, future revenues, capital requirements and needs for additional financing; and the impact of any global event on the Company’s business, and operations, and supply. Additional risks and uncertainties can be found in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission (“SEC”) on March 24, 2025, and the Quarterly Reports on Form 10-Q or other SEC filings that are filed thereafter. Investors are cautioned not to put undue reliance on these forward-looking statements. These forward-looking statements speak only as of the date hereof, and the Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.

Investor Relations Contact

JTC Team, LLC
Jenene Thomas
908-824-0775
[email protected]



Cellebrite Unveils Spring 2025 Release to Accelerate Global Investigations

AI and Cloud as Strategic Foundations for the Next Era of its Digital Investigation Platform

TYSONS CORNER, Va. and PETAH TIKVA, Israel, May 06, 2025 (GLOBE NEWSWIRE) —  Cellebrite (NASDAQ: CLBT), a global leader in premier Digital Investigative solutions for the public and private sectors, today announced its Spring 2025 Release, featuring a new cloud foundation and AI-powered innovations across its portfolio. These enhancements are already playing an important role in helping customers modernize their digital workflows, speed up their investigations and elevate operational productivity and efficiency.

The Spring 2025 Release introduces the Cellebrite Cloud, which delivers a purpose-built user experience that scales investigative capabilities and accelerates decision-making across public safety, intelligence and enterprise sectors. As digital evidence continues to grow in volume and complexity, investigators now spend an average of 69 hours per case reviewing data. Cellebrite’s technology reduces that burden by delivering AI-powered productivity and efficiency across a secure, unified cloud infrastructure powered by Amazon Web Services (AWS) (NASDAQ: AMZN)—while always keeping human expertise and engagement at the center. With more customers adopting a broader range of the Company’s integrated portfolio, Cellebrite is evolving its Case-to-Closure (C2C) Platform into the next-generation Digital Investigation Platform.

“Helping our customers navigate the growing complexity of digital evidence is at the core of what we do,” said Ronnen Armon, Cellebrite’s chief product and technologies officer. “More teams are rethinking how they approach digital evidence, and we’re introducing innovations to support that shift. Cellebrite Cloud enables a more efficient and secure approach to digital investigations, meeting teams where they are today and partnering for the future – whether it’s on premises, the cloud or a hybrid workflow.”

The Spring 2025 Release includes the following innovations, all of which are supported by expert consultative services to enable faster time to value:

  • Cellebrite Cloud, a new foundational layer across Cellebrite’s SaaS portfolio, brings consistent and purpose-built experiences, AI-powered productivity, advanced security and compliance and a framework for integrations.
  • Inseyets, Cellebrite’s flagship digital forensics software, introduces advanced media analysis capabilities—leveraging AI-powered forensic insights and pattern recognition to accelerate evidence review and understanding.
  • Guardian, Cellebrite’s evidence management solution, now includes timeline review and AI-powered search built on Cellebrite Cloud to surface hidden connections, streamline case organization and accelerate investigative workflows. Guardian continues to gain strong traction across agencies.
  • Smart Search, the Company’s single-click, SaaS-based intelligence offering for investigators, built on the Cellebrite Cloud, adds a new dashboard that highlights data connections and notable insights from publicly available sources, helping investigators gather online intelligence on people and organizations of interest more efficiently at the early stages of a case.
  • Pathfinder, the AI-driven investigative analytics solution trusted by leading law enforcement agencies, introduces automated transcription and translation workflows, simplifying the review of audio and video artifacts.
  • Endpoint Inspector, Cellebrite’s remote collection solution for enterprises, now offers Cellebrite Cloud-based mobile decoding that transforms mobile data into a review-ready format—eliminating the need for additional processing and integrating seamlessly with review platforms.

Cellebrite’s technology is used in more than 1.5M investigations globally each year, equipping more than 7,000 customers worldwide to resolve legally sanctioned investigations of child exploitation, homicide, anti-terror, border control, sex crimes, drugs and other organized crime, human trafficking, fraud, intellectual property theft, financial crimes, internal investigations, eDiscovery cases and more, while ensuring compliance with agency protocols and various regulatory requirements.

References to Websites and Social Media Platforms
References to information included on, or accessible through, websites and social media platforms do not constitute incorporation by reference of the information contained at or available through such websites or social media platforms, and you should not consider such information to be part of this press release.

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to enable its global customers to protect and save lives by enhancing digital investigations and intelligence gathering to accelerate justice in communities around the world. Cellebrite’s AI-powered Digital Investigation Platform enables customers to lawfully access, collect, analyze and share digital evidence in legally sanctioned investigations while preserving data privacy. Thousands of public safety organizations, intelligence agencies, and businesses rely on Cellebrite’s digital forensic and investigative solutions—available via cloud, on-premises, and hybrid deployments—to close cases faster and safeguard communities.  To learn more, visit us at www.cellebrite.com,https://investors.cellebrite.com and find us on social media @Cellebrite.

Caution Regarding Forward Looking Statements

This document includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “will,” “appear,” “approximate,” “foresee,” “might,” “possible,” “potential,” “believe,” “could,” “predict,” “should,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that predict, project or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include, but are not limited to, the following: Such forward-looking statements including the potential impact of the Spring release on the Company’s 2025 revenue, annual recurring revenue (ARR), adjusted EBITDA, operating profitability and earnings are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to: Cellebrite’s ability to keep pace with technological advances and evolving industry standards; Cellebrite’s material dependence on the purchase, acceptance and use of its solutions by law enforcement and government agencies; real or perceived errors, failures, defects or bugs in Cellebrite’s DI solutions; Cellebrite’s failure to maintain the productivity of sales and marketing personnel, including relating to hiring, integrating and retaining personnel; intense competition in all of Cellebrite’s markets; the inadvertent or deliberate misuse of Cellebrite’s solutions; failure to manage its growth effectively; Cellebrite’s ability to introduce new solutions and add-ons; its dependency on its customers renewing their subscriptions; the low volume of business Cellebrite conducts via e-commerce; risks associated with the use of artificial intelligence; the risk of requiring additional capital to support the growth of its business; risks associated with higher costs or unavailability of materials used to create its hardware product components; fluctuations in foreign currency exchange rates; lengthy sales cycle for some of Cellebrite’s solutions; near term declines in new or renewed agreements; risks associated with inability to retain qualified personnel and senior management; the security of Cellebrite’s operations and the integrity of its software solutions; risks associated with the negative publicity related to Cellebrite’s business and use of its products; risks related to Cellebrite’s intellectual property; the regulatory constraints to which Cellebrite is subject; risks associated with Cellebrite’s operations in Israel, including the ongoing Israel-Hamas war and the risk of a greater regional conflict; risks associated with different corporate governance requirements applicable to Israeli companies and risks associated with being a foreign private issuer and an emerging growth company; market volatility in the price of Cellebrite’s shares; changing tax laws and regulations; risks associated with joint, ventures, partnerships and strategic initiatives; risks associated with Cellebrite’s significant international operations; risks associated with Cellebrite’s failure to comply with anti-corruption, trade compliance, anti-money-laundering and economic sanctions laws and regulations; risks relating to the adequacy of Cellebrite’s existing systems, processes, policies, procedures, internal controls and personnel for Cellebrite’s current and future operations and reporting needs; and other factors, risks and uncertainties set forth in the section titled “Risk Factors” in Cellebrite’s annual report on Form 20-F filed with the SEC on April 27, 2023 and in other documents filed by Cellebrite with the U.S. Securities and Exchange Commission (“SEC”), which are available free of charge at www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, in this communication or elsewhere. Cellebrite undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

Media 
Jackie Labrecque
Sr. Manager of Content Strategy and Operations
[email protected]
+1 771.241.7010

Investor Relations 
Andrew Kramer 
Vice President, Investor Relations 
[email protected] 
+1 973.206.7760