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Perion Announces Preliminary First Quarter 2025 Results

Perion Announces Preliminary First Quarter 2025 Results

NEW YORK & TEL AVIV, Israel–(BUSINESS WIRE)–Perion Network Ltd. (NASDAQ and TASE: PERI), a leader in advanced technology solving for the complexities of modern advertising, announced today preliminary financial results for the first quarter ended March 31, 2025.

Perion expects to report revenue of approximately $88 million, adjusted EBITDA of approximately $1.5 million and adjusted EBITDA to Contribution ex-TAC of approximately 4% for Q1 2025. These preliminary results reflect a strong start to the year, supported by sustained momentum across the company’s growth engines and the early positive response to the launch of our Perion One strategy.

Tal Jacobson, Perion’s CEO, commented: “Our preliminary first quarter results exceeded our expectations, reflecting continued momentum and the strength of our core growth engines. This performance reinforces our belief that our Perion One strategy is the right path forward, creating a unified, AI-driven approach that positions us for long-term, sustainable growth.”

Perion will release its financial results for the first quarter ended March 31, 2025 prior to the opening of the financial markets on Tuesday, May 13, 2025.

Tal Jacobson, CEO, and Elad Tzubery, CFO, will host a conference call to discuss the results on that day at 8:30 a.m. ET.

Earning call registration link: https://perion-q1-2025-earnings-call.open-exchange.net/registration

A replay of the call and a transcript will be available within approximately 24 hours of the live event on the investors section of Perion’s website at www.perion.com/investors.

These preliminary results are based on management’s current estimates and are subject to change pending completion of the Company’s financial closing procedures.

About Perion Network Ltd.

Perion is helping agencies, brands and retailers get better results with their marketing investments by providing advanced technology across digital channels. Through the Perion One platform, we are making digital advertising more effective by building solutions that continuously adapt to connect the dots between data, creative and channels.

For more information, visit Perion’s website at www.perion.com

Non-GAAP Measures

Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude certain items. This press release includes certain non-GAAP measures, including Contribution ex-TAC and Adjusted EBITDA.

Contribution ex-TAC presents revenue reduced by traffic acquisition costs and media buy, reflecting a portion of our revenue that must be directly passed to publishers or advertisers and presents our revenue excluding such items. We believe Contribution ex-TAC is a useful measure in assessing the performance of the Company because it facilitates a consistent comparison against our core business without considering the impact of traffic acquisition costs and media buy related to revenue reported on a gross basis.

Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”) is defined as income from operations excluding stock-based compensation expenses, restructuring costs, unusual legal costs, depreciation, amortization of acquired intangible assets and retention and other acquisition-related expenses.

The purpose of such adjustments is to give an indication of our performance exclusive of non-cash charges and other items that are considered by management to be outside of our core operating results. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Furthermore, the non-GAAP measures are regularly used internally to understand, manage and evaluate our business and make operating decisions, and we believe that they are useful to investors as a consistent and comparable measure of the ongoing performance of our business. However, our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies. Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from these projected measures, together with some of the excluded information not being ascertainable or accessible, we are unable to quantify certain amounts that would be required for such presentation without unreasonable effort. Consequently, no reconciliation of the forward-looking non-GAAP financial measures is included in this press release. A reconciliation between results on a GAAP and non-GAAP basis is provided in the last table of this press release.

The following table reconciles Revenue to Contribution ex-TAC:

 

(In thousands) (estimated and unaudited):

Three Months Ended

 

March 31, 2025

Revenue

$

88,000

Traffic acquisition costs and media buy

 

49,500

Contribution ex-TAC

$

38,500

The following table reconciles GAAP Income (loss) from Operations to Adjusted EBITDA:

 

(In thousands) (estimated and unaudited):

Three Months

Ended

 

March 31, 2025

GAAP Income (Loss) from Operations

$

(13,000

)

Stock-based compensation expenses

 

7,500

 

Retention and other acquisition related expenses

 

1,900

 

Unusual legal costs

 

600

 

Restructuring costs

 

1,000

 

Amortization of acquired intangible assets

 

3,000

 

Depreciation

 

500

 

Adjusted EBITDA

$

1,500

 

Forward Looking Statements

This press release contains historical information and forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe- harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to the business, financial condition and results of operations of Perion. The words “will,” “believe,” “expect,” “intend,” “plan,” “should,” “estimate” and similar expressions are intended to identify forward-looking statements. Such statements reflect the current views, assumptions and expectations of Perion with respect to future events and are subject to risks and uncertainties. All statements other than statements of historical fact included in this press release are forward-looking statements. Many factors could cause the actual results, performance or achievements of Perion to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, or financial information, including, but not limited to, political, economic and other developments (including the current war between Israel and Hamas and other armed groups in the region), the failure to realize the anticipated benefits of companies and businesses we acquired and may acquire in the future, risks entailed in integrating the companies and businesses we acquire, including employee retention and customer acceptance, the risk that such transactions will divert management and other resources from the ongoing operations of the business or otherwise disrupt the conduct of those businesses, and general risks associated with the business of Perion including, the transformation in our strategy, intended to unify our business units under the Perion brand (Perion One), intense and frequent changes in the markets in which the businesses operate and in general economic and business conditions (including the fluctuation of our share price), loss of key customers or of other partners that are material to our business, the outcome of any pending or future proceedings against Perion, data breaches, cyber-attacks and other similar incidents, unpredictable sales cycles, competitive pressures, market acceptance of new products and of the Perion One strategy, changes in applicable laws and regulations as well as industry self-regulation, negative or unexpected tax consequences, inability to meet efficiency and cost reduction objectives, changes in business strategy and various other factors, whether referenced or not referenced in this press release. We urge you to consider those factors, together with the other risks and uncertainties described in our most recent Annual Report on Form 20-F for the year ended December 31, 2024 as filed with the Securities and Exchange Commission (SEC) on March 25, 2025, and our other reports filed with the SEC, in evaluating our forward-looking statements and other risks and uncertainties that may affect Perion and its results of operations. Perion does not assume any obligation to update these forward-looking statements.

Perion Network Ltd.

Dudi Musler, VP of Investor Relations

+972 (54) 7876785

[email protected]

KEYWORDS: United States North America Israel Middle East New York

INDUSTRY KEYWORDS: Software Digital Marketing Internet Marketing Advertising Data Management Communications Technology

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IREN capacity increased to 40 EH/s

Expansion to 50 EH/s on track for H1 2025

SYDNEY, April 16, 2025 (GLOBE NEWSWIRE) — IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN”), today provided an update on its Bitcoin mining expansion.

“We’re proud to have reached 40 EH/s, marking yet another significant step toward our 50 EH/s target,” said Daniel Roberts, IREN Co-Founder and Co-CEO.

“The site team’s rapid expansion of data center capacity at Childress coupled with our best-in-class fleet efficiency and low electricity costs has positioned IREN as one of the largest scale, lowest-cost producers of Bitcoin. We expect to maintain this momentum as we continue to scale mining capacity towards 50 EH/s over the coming months.”

IREN has increased its installed self-mining capacity from 37 EH/s to 40 EH/s (15 J/TH efficiency), following the commissioning of additional mining hardware within its Childress Phase 4 (150MW) data centers.

The Company remains well-positioned to achieve 50 EH/s in H1 2025.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or IREN’s future financial or operating performance. For example, forward-looking statements include but are not limited to IREN’s business strategy, expected operational and financial results, and expected increase in power capacity and hashrate. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “may,” “can,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “target”, “will,” “estimate,” “predict,” “potential,” “continue,” “scheduled” or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.

These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause IREN’s actual results, performance or achievements to be materially different from any future results performance or achievements expressed or implied by the forward looking statements, including, but not limited to: Bitcoin price and foreign currency exchange rate fluctuations; IREN’s ability to obtain additional capital on commercially reasonable terms and in a timely manner to meet its capital needs and facilitate its expansion plans; the terms of any future financing or any refinancing, restructuring or modification to the terms of any future financing, which could require IREN to comply with onerous covenants or restrictions, and its ability to service its debt obligations, any of which could restrict its business operations and adversely impact its financial condition, cash flows and results of operations; IREN’s ability to successfully execute on its growth strategies and operating plans, including its ability to continue to develop its existing data center sites, design and deploy direct-to-chip liquid cooling systems, and diversify and expand into the market for high performance computing (“HPC”) solutions it may offer (including the market for cloud services (“AI Cloud Services”) and potential colocation services); IREN’s limited experience with respect to new markets it has entered or may seek to enter, including the market for HPC solutions (including AI Cloud Services and potential colocation services); expectations with respect to the ongoing profitability, viability, operability, security, popularity and public perceptions of the Bitcoin network and any current and future HPC solutions (including AI Cloud Services and potential colocation services) that IREN offers; IREN’s ability to secure and retain customers on commercially reasonable terms or at all, particularly as it relates to its strategy to expand into markets for HPC solutions (including AI Cloud Services and potential colocation services); IREN’s ability to manage counterparty risk (including credit risk) associated with any current or future customers, including customers of its HPC solutions (including AI Cloud Services and potential colocation services) and other counterparties; the risk that any current or future customers, including customers of its HPC solutions (including AI Cloud Services and potential colocation services), or other counterparties may terminate, default on or underperform their contractual obligations; Bitcoin global hashrate fluctuations; IREN’s ability to secure renewable energy, renewable energy certificates, power capacity, facilities and sites on commercially reasonable terms or at all; delays associated with, or failure to obtain or complete, permitting approvals, grid connections and other development activities customary for greenfield or brownfield infrastructure projects; IREN’s reliance on power and utilities providers, third party mining pools, exchanges, banks, insurance providers and its ability to maintain relationships with such parties; expectations regarding availability and pricing of electricity; IREN’s participation and ability to successfully participate in demand response products and services and other load management programs run, operated or offered by electricity network operators, regulators or electricity market operators; the availability, reliability and/or cost of electricity supply, hardware and electrical and data center infrastructure, including with respect to any electricity outages and any laws and regulations that may restrict the electricity supply available to IREN; any variance between the actual operating performance of IREN’s miner hardware achieved compared to the nameplate performance including hashrate; IREN’s ability to curtail its electricity consumption and/or monetize electricity depending on market conditions, including changes in Bitcoin mining economics and prevailing electricity prices; actions undertaken by electricity network and market operators, regulators, governments or communities in the regions in which IREN operates; the availability, suitability, reliability and cost of internet connections at IREN’s facilities; IREN’s ability to secure additional hardware, including hardware for Bitcoin mining and any current or future HPC solutions (including AI Cloud Services and potential colocation services) it offers, on commercially reasonable terms or at all, and any delays or reductions in the supply of such hardware or increases in the cost of procuring such hardware; expectations with respect to the useful life and obsolescence of hardware, including hardware for Bitcoin mining and any current or future HPC solutions (including AI Cloud Services and potential colocation services) IREN offers; delays, increases in costs or reductions in the supply of equipment used in our operations including tariffs and certain equipment in high demand due to global supply chain constraints;  changing political and geopolitical conditions, including changing international trade policies and the implementation of wide-ranging, reciprocal and retaliatory tariffs and trade restrictions; IREN’s ability to operate in an evolving regulatory environment; IREN’s ability to successfully operate and maintain its property and infrastructure; reliability and performance of IREN’s infrastructure compared to expectations; malicious attacks on IREN’s property, infrastructure or IT systems; IREN’s ability to maintain in good standing the operating and other permits and licenses required for its operations and business; IREN’s ability to obtain, maintain, protect and enforce its intellectual property rights and confidential information; any intellectual property infringement and product liability claims; whether the secular trends IREN expects to drive growth in its business materialize to the degree it expects them to, or at all; any pending or future acquisitions, dispositions, joint ventures or other strategic transactions; the occurrence of any environmental, health and safety incidents at IREN’s sites, and any material costs relating to environmental, health and safety requirements or liabilities; damage to IREN’s property and infrastructure and the risk that any insurance IREN maintains may not fully cover all potential exposures; ongoing proceedings relating to the default by two of IREN’s wholly-owned special purpose vehicles under limited recourse equipment financing facilities; ongoing securities litigation relating in part to the default, and any future litigation, claims and/or regulatory investigations, and the costs, expenses, use of resources, diversion of management time and efforts, liability and damages that may result therefrom; IREN’s failure to comply with any laws including the anti-corruption laws of the United States and various international jurisdictions; any failure of IREN’s compliance and risk management methods; any laws, regulations and ethical standards that may relate to IREN’s business, including those that relate to Bitcoin and the Bitcoin mining industry and those that relate to any other services it offers, including laws and regulations related to data privacy, cybersecurity and the storage, use or processing of information and consumer laws; IREN’s ability to attract, motivate and retain senior management and qualified employees; increased risks to IREN’s global operations including, but not limited to, political instability, acts of terrorism, theft and vandalism, cyberattacks and other cybersecurity incidents and unexpected regulatory and economic sanctions changes, among other things; climate change, severe weather conditions and natural and man-made disasters that may materially adversely affect IREN’s business, financial condition and results of operations; public health crises, including an outbreak of an infectious disease and any governmental or industry measures taken in response; IREN’s ability to remain competitive in dynamic and rapidly evolving industries; damage to IREN’s brand and reputation; IREN’s ability to remediate its existing material weakness and to establish and maintain an effective system of internal controls; the increased regulatory and compliance costs of IREN ceasing to be a foreign private issuer and an emerging growth company, as a result of which it will be required, among other things, to file periodic reports and registration statements on U.S. domestic issuer forms with the SEC commencing with its next fiscal year, and it will also be required to prepare its financial statements in accordance with U.S. GAAP rather than IFRS, and to modify certain of its policies to comply with corporate governance practices required of a U.S. domestic issuer; that IREN does not currently pay any cash dividends on its ordinary shares, and may not in the foreseeable future and, accordingly, the ability to achieve a return on an investment in its ordinary shares will depend on appreciation, if any, in the price of its ordinary shares; and other important factors discussed under the caption “Risk Factors” in IREN’s annual report on Form 20-F filed with the SEC on August 28, 2024 as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investor Relations section of IREN’s website at https://investors.iren.com.

These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this investor update. Any forward-looking statement that IREN makes in this investor update speaks only as of the date of such statement. Except as required by law, IREN disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

About IREN

IREN is a leading data center business powering the future of Bitcoin, AI and beyond utilizing 100% renewable energy.

  • Bitcoin Mining: providing security to the Bitcoin network, expanding to 52 EH/s in 2025. Operations since 2019.
  • AI Cloud Services: providing cloud compute to AI customers, 1,896 NVIDIA H100 & H200 GPUs. Operations since 2024.
  • Next-Generation Data Centers: 660MW of operating data centers, expanding to 910MW in 2025. Specifically designed and purpose-built infrastructure for high-performance and power-dense computing applications.
  • Technology: technology stack for performance optimization of AI Cloud Services and Bitcoin Mining operations.
  • Development Portfolio: 2,910MW of grid-connected power secured across North America, >2,000 acre property portfolio and multi-gigawatt development pipeline.
  • 100% Renewable Energy (from clean or renewable energy sources or through the purchase of RECs): targets sites with low-cost & underutilized renewable energy, and supports electrical grids and local communities.

Contacts

Media

Gillian Roberts
Aircover Communications
+1 818 395 2948
[email protected]

Jon Snowball
Sodali & Co
+61 477 946 068
+61 423 136 761

 Investors

Mike Power
IREN
[email protected]

  

To keep updated on IREN’s news releases and SEC filings, please subscribe to email alerts at https://iren.com/investor/ir-resources/email-alerts.



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FiscalNote Enhances PolicyNote Platform With Launch of Dedicated Tariff Tracker to Help Organizations Navigate Rapidly Evolving Global Trade Policies

FiscalNote Enhances PolicyNote Platform With Launch of Dedicated Tariff Tracker to Help Organizations Navigate Rapidly Evolving Global Trade Policies

New Tool Delivers Up-to-Date Information and AI-Enhanced Insights as Global Trade Tensions and Tariff Actions Intensify

New Tariff Tracker Provides Targeted Value to Customers, Further Fueling the Next Stage of the Company’s Revenue Growth

WASHINGTON–(BUSINESS WIRE)–FiscalNote Holdings, Inc. (NYSE: NOTE), the leading provider of AI-driven policy and regulatory intelligence solutions, announces the latest enhancement to its flagship policy monitoring product, PolicyNote, with the launch of a dedicated tariff tracker available within user dashboards.

Designed to address the increased complexity and volume of tariff implementations through Executive Orders and retaliatory actions, the tariff tracker equips organizations with essential insights, analytics, and resources to remain informed, understand regulatory implications, and proactively manage related business impacts. This launch is part of FiscalNote’s strategy to accelerate delivery of innovative solutions that enable customers to stay ahead of a rapidly shifting policy landscape.

Tariff policies implemented via Executive Orders have significantly increased in scope and frequency in recent weeks, creating substantial challenges for organizations worldwide, especially as escalating global trade tensions further complicate market stability and supply chains. Sectors ranging from agriculture and manufacturing to energy and technology now face the impacts of new and expanded tariffs, adding to these pressures and heightening uncertainty for organizations navigating an increasingly unpredictable trade environment.

Businesses and industry professionals urgently require an efficient solution for consistent tracking, detailed analysis, and interpretation of these policies and their global implications. FiscalNote’s tariff tracker directly addresses these challenges by combining robust policy data collection, user-friendly organization, and sophisticated analytics technology to offer clarity, transparency, and efficient, actionable insights.

The tariff tracker in PolicyNote enables businesses to:

  • Access timely, comprehensive policy data from authoritative sources;
  • Clearly understand tariff implementation, enforcement mechanisms, and compliance obligations;
  • Identify potential business threats and opportunities arising from changes in international trade policies; and
  • Make informed, confident, and strategic decisions supported by advanced analytical tools tailored to streamline tariff management and impact assessment.

“As trade policy becomes more volatile and complex, our customers need up-to-date intelligence they can trust,” said Josh Resnik, CEO & President, FiscalNote. “Providing the new tariff tracker within the PolicyNote dashboard is a direct response to that need, offering organizations an agile, high impact solution to help them stay ahead of shifting regulations, mitigate business risk, and make faster, smarter decisions. The launch of this new enhancement to PolicyNote reflects the impact of our product strategy, the speed at which we’re innovating to solve urgent customer challenges, and our commitment to deliver on product-led growth.”

To learn more about PolicyNote and the tariff tracker solution, please visit https://fiscalnote.com/policynote.

About FiscalNote

FiscalNote(NYSE: NOTE) is the leading provider of AI-driven policy and regulatory intelligence solutions. By uniquely combining proprietary AI technology, comprehensive data, and decades of trusted analysis, FiscalNote helps customers efficiently manage political and business risk. Since 2013, FiscalNote has pioneered solutions that deliver critical insights, enabling effective decision making and giving organizations the competitive edge they need. Home to PolicyNote, CQ, Roll Call, VoterVoice, and many other industry-leading products and brands, FiscalNote serves thousands of customers worldwide with global offices in North America, Europe, Asia, and Australia. To learn more about FiscalNote and its suite of solutions, visit FiscalNote.com and follow @FiscalNote.

Media

Yojin Yoon

FiscalNote

[email protected]

Investor Relations

Bob Burrows

FiscalNote

[email protected]

KEYWORDS: United States North America District of Columbia

INDUSTRY KEYWORDS: Professional Services White House/Federal Government Public Policy/Government Business Data Analytics Technology Artificial Intelligence

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SkyWater Appoints Dr. Percy Gilbert as Senior Vice President of Engineering

SkyWater Appoints Dr. Percy Gilbert as Senior Vice President of Engineering

Gilbert’s extensive technical expertise, proven track record of accomplishments and dedication to R&D underscore his proficiency in advanced semiconductor technologies

BLOOMINGTON, Minn.–(BUSINESS WIRE)–SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the appointment of Dr. Percy V. Gilbert as senior vice president of engineering. Gilbert will report directly to President and COO John Sakamoto and will be responsible for leading and expanding SkyWater’s engineering organization, which is integral to the company’s ongoing strategic growth in Advanced Technology Services (ATS), platform solutions and Wafer Services (WS).

Gilbert will oversee key engineering functions during an exciting period of transition and growth, notably as the company moves toward closing the acquisition of Infineon’s Austin Fab. In this capacity, he will work closely with senior engineering leaders to implement innovative solutions that streamline product development and ensure the delivery of high-performance semiconductor solutions to a diverse array of industries.

“The appointment of Percy to lead our engineering team represents a significant milestone for SkyWater,” said Sakamoto. “His leadership and technical expertise will drive our innovative culture as we continue to scale our operations and enhance our engineering capabilities. We look forward to leveraging his vast experience in semiconductor technology to deliver on our long-term strategic objectives.”

Gilbert brings over two decades of industry leadership and technical excellence to SkyWater. His distinguished career includes senior roles at NXP Semiconductors, where he steered new product development initiatives, and IBM Systems Group, where he led advanced process technology development and product engineering initiatives for next-generation microprocessors. His earlier roles at Motorola further solidified his reputation for driving innovation and delivering robust engineering solutions. Gilbert received his Ph.D. following his M.S. and B.S. in electrical and computer engineering from Purdue University. His extensive technical expertise is underscored by his impressive record of achievements, which includes 10 U.S. patents and more than 20 technical publications.

“Joining SkyWater is an exciting new chapter for me,” Gilbert said. “I am thrilled to contribute to a company that is at the forefront of innovation and to collaborate with a team committed to excellence. I look forward to driving initiatives that will help us set new benchmarks in engineering and customer success.”

About SkyWater

SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Supplier. SkyWater’s Technology as a Service model streamlines the path to production for customers with development services, high-volume production and heterogeneous integration solutions in its U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology within diverse categories including mixed-signal CMOS, read-out ICs, rad-hard ICs, MEMS, superconducting ICs, photonics and advanced packaging. SkyWater serves the growing markets of aerospace & defense, automotive, biomedical, industrial and quantum computing. For more information, visit: www.skywatertechnology.com.

SkyWater Technology Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on SkyWater’s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause SkyWater’s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause SkyWater’s actual results to be different than expected or anticipated include, but are not limited to, our goals and strategies; our future business development, financial condition and results of operations; our ability to complete our proposed acquisition of Fab 25 on the anticipated timeframe or at all and to realize the expected benefits of our proposed acquisition of Fab 25; our ability to continue operating our fabrication facilities at full capacity; our ability to appropriately respond to changing technologies on a timely and cost-effective basis; our customer relationships and our ability to retain and expand our customer relationships; our ability to accurately predict our future revenues for the purpose of appropriately budgeting and adjusting our expenses; our expectations regarding dependence on our largest customers; our ability to diversify our customer base and develop relationships in new markets; the performance and reliability of our third-party suppliers and manufacturers; our ability to procure tools, materials, and chemicals; our ability to control costs, including our operating and capital expenses; the size and growth potential of the markets for our solutions, and our ability to serve and expand our presence in those markets; the level of demand in our customers’ end markets; our ability to attract, train and retain key qualified personnel; adverse litigation judgments, settlements or other litigation-related costs; changes in trade policies, including the imposition of or increase in tariffs; our ability to raise additional capital or financing; our ability to accurately forecast demand; changes in local, regional, national and international economic or political conditions, including those resulting from increases in inflation and interest rates, a recession, or intensified international hostilities; the level and timing of U.S. government program funding; our ability to maintain compliance with certain U.S. government contracting requirements; regulatory developments in the United States and foreign countries; our ability to protect our intellectual property rights; and other factors discussed in the “Risk Factors” section of its annual report on Form 10-K and quarterly reports on Form 10-Q, and in other documents that SkyWater files with the SEC, which are available at http://www.sec.gov. SkyWater assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

SKYT-CORP

SkyWater Company Contact: Tara Luther | 952.851.5023 | [email protected]

SkyWater Media Contact: Lauri Julian| 949.280.5602 | [email protected]

KEYWORDS: United States North America Minnesota

INDUSTRY KEYWORDS: Automotive Consumer Electronics Technology Other Defense Contracts Engineering Automotive Manufacturing Aerospace Manufacturing Public Policy/Government General Automotive Defense Semiconductor Security Satellite Nanotechnology Other Technology Networks White House/Federal Government Internet Electronic Design Automation

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IonQ Signs MoU with Intellian, Deepening Its Commitment to Advancing South Korea’s Quantum Economy

IonQ Signs MoU with Intellian, Deepening Its Commitment to Advancing South Korea’s Quantum Economy

IonQ and Intellian Technologies, Inc. partner to transform satellite communications with quantum computing

COLLEGE PARK, Md.–(BUSINESS WIRE)–
IonQ (NYSE: IONQ), a leader in the quantum computing and networking industries, announced that it has signed a memorandum of understanding (MoU) with Intellian Technologies, Inc., a leading global provider of satellite communication antennas and ground gateway solutions, to explore how secure quantum networking can transform satellite communications. This memorandum furthers IonQ’s work in strategically partnering across South Korea’s enterprise, government, and academic sectors and launching initiatives seeking to advance their quantum economy.

Intellian is a leading satellite and marine radio, terminal and antenna company headquartered in Pyeongtaek, South Korea. As a global partner to more network operators than any other manufacturer, Intellian’s hardware is critical for enabling satellite network connectivity around the world. Today’s announcement underscores Intellian’s ongoing commitment to advancing satellite communication technologies.

“IonQ has grown and prospered due to its commitment to global partnerships. We look forward to working together with Intellian to innovate and discover how quantum networking technologies can secure free communications,” said Niccolo de Masi, President & CEO of IonQ. “South Korea has been a vital partner in the advancement of quantum computing and our longstanding engagement with partners in the region reflects our shared commitment to innovation.”

de Masi continued, “IonQ’s long-term vision includes being a leader in the quantum-enabled communications industry, leveraging our expertise in quantum networking to support secure satellite to satellite and ground to satellite communications. We also ultimately envisage quantum time synchronization as a GPS alternative.”

“We’re excited to partner with IonQ to reimagine the future of satellite technologies,” said Eric Sung, CEO of Intellian. “Our technology connects customers to the satellites’ networks in space and together, we have the opportunity to explore a new technological paradigm to fundamentally transform current satellite communications and enhance services for the millions of customers who depend on them every day.”

This non-binding memorandum with Intellian advances IonQ’s vision and marks a key step toward the future of quantum-enabled satellite communications.

IonQ’s connection to South Korea is deeply rooted in the company’s history. Co-founder Dr. Jungsang Kim, who was born and raised in South Korea, has been a pioneering force in the quantum computing industry. He was named a Fellow of the National Academy of Inventors in 2023 for his achievements at IonQ and contributions to the quantum technology field. Over the past six years, IonQ has actively collaborated with South Korean government agencies, academic institutions, and enterprises to help advance the nation’s quantum strategy and accelerate research and commercialization efforts.

In 2023 and 2024, IonQ played an active role in key national quantum initiatives, including sponsoring the Quantum Korea conference, supporting multiple quantum hackathons, and contributing to Korea’s National Quantum Strategy.

Key milestones include investments from Korean global technology leaders Samsung Electronics and Hyundai Motor Company prior to IonQ’s 2021 IPO. IonQ has since collaborated with Hyundai on multiple quantum projects aimed at advancing next-generation batteries and autonomous vehicle technologies. Building on this momentum, IonQ signed agreements with Seoul National University and Sungkyunkwan University to support quantum research and workforce development. IonQ also plans to enter into a strategic partnership focused on quantum with SK Telecom, South Korea’s largest wireless telecommunications operator.

As IonQ expands its global quantum capabilities, South Korea continues to be a vital partner in advancing the company’s mission to accelerate quantum innovation. Through ongoing collaboration across government, industry and academia, IonQ remains focused on supporting quantum technology and workforce development in South Korea, seeking to drive impactful progress for the future.

For more information, please visit www.ionq.com and http://www.intelliantech.com

About IonQ

IonQ, Inc. is a leader in the quantum computing and networking industries, delivering high-performance systems aimed at solving the world’s largest and most complex commercial and research use cases. IonQ’s current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The company’s innovative technology and rapid growth were recognized in Newsweek’s 2025 Excellence Index 1000, Forbes’ 2025 Most Successful Mid-Cap Companies list, and Built In’s 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ.com.

About Intellian Technologies, Inc.

Intellian is driven by a passion for innovation and an agile responsiveness to customer needs. As the crucial link between satellite networks and millions of people on Earth, Intellian’s leading technology and antennas empower global connectivity across oceans and continents, organizations, and communities. Strategic thinking, an obsession with quality, and a proven ability to deliver enable Intellian to invent the future, creating mutual success for partners and customers as the world’s connectivity needs evolve. For more information, follow @intellian and visit www.intelliantech.com. Intellian Technologies Inc. is listed on the Korean Stock Exchange, KOSDAQ (189300:KS)

IonQ Forward-Looking Statements

This press release 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. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words “accelerate,” “accessible,” “aimed,” “advance,” “advancement,” “advances,” “advancing,” “available,” “building,” “can,” “cutting-edge,” “commitment,” “continues,” “delivering,” “discover,” “drive” “effects,” “enhance,” “expands,” “explore,” “focus,” “forward, “furthers,” “future,” “growth,” “help,” “innovation,” “innovative,” “impactful,” “latest,” “launching,” “leader,” “leading,” “making,” “momentum,” “opportunity,” “ongoing,” “progress,” “seeking,” “solving,” “support,” “supporting,” “toward,” “transform,” “vision,” “working,” and other similar expressions are intended to identify forward-looking statements. These statements include those related to the IonQ’s quantum computing capabilities and plans; the future impacts of IonQ’s offerings available today; and the scalability, accessibility, effectiveness, importance, impact, feasibility, and commercial-readiness of IonQ’s offerings. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: IonQ’s ability to implement its technical roadmap; changes in the competitive industries in which IonQ operates, including development of competing technologies; IonQ’s ability to deliver, and customers’ ability to generate, value from IonQ’s offerings; IonQ’s ability to sell effectively to government entities and large enterprises around the world; changes in laws and regulations affecting IonQ’s and its suppliers’ businesses, including export laws and tariffs; IonQ’s ability to implement its business plans, forecasts, roadmaps and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers around the world; IonQ’s ability to effectively enter new markets; IonQ’s ability to deliver services and products within currently anticipated timelines; IonQ’s customers deciding or declining to enter into binding contracts or to extend existing contracts into new phases; the inability of IonQ’s suppliers to deliver components that meet expectations timely; changes in Korean government spending or policy that may affect IonQ’s customers; and risks associated with Korean government sales, including availability of funding and provisions that may allow the government to unilaterally terminate or modify contracts for convenience. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company’s filings, including but not limited to those described in the “Risk Factors” section of IonQ’s most recent periodic financial report (10-Q or 10-K) filed by IonQ with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations. IonQ may or may not choose to practice or otherwise use the inventions described in the issued patents in the future.

IonQ Media contact:

Jane Mazur

[email protected]

IonQ Investor Contact:

[email protected]

KEYWORDS: South Korea United States North America Asia Pacific Maryland

INDUSTRY KEYWORDS: Software Research Networks Other Defense Internet Hardware Data Management Technology Defense Satellite Science Telecommunications

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Ionis to hold first quarter 2025 financial results webcast

Ionis to hold first quarter 2025 financial results webcast

Webcast scheduled for Wednesday, April 30 at 11:30 a.m. Eastern Time

CARLSBAD, Calif.–(BUSINESS WIRE)–
Ionis Pharmaceuticals, Inc. (Nasdaq: IONS) announced today that it will host a live webcast on Wednesday, April 30th at 11:30 a.m. Eastern Time to discuss its first quarter 2025 financial results.

The webcast may be accessed at https://ir.ionis.com/events-and-presentations/upcoming-events. A replay will be available for a limited time at the same address.

About Ionis Pharmaceuticals, Inc.

For three decades, Ionis has invented medicines that bring better futures to people with serious diseases. Ionis currently has six marketed medicines and a leading pipeline in neurology, cardiology, and select areas of high patient need. As the pioneer in RNA-targeted medicines, Ionis continues to drive innovation in RNA therapies in addition to advancing new approaches in gene editing. A deep understanding of disease biology and industry-leading technology propels our work, coupled with a passion and urgency to deliver life-changing advances for patients. To learn more about Ionis, visit Ionis.com and follow us on X (Twitter), LinkedIn and Instagram.

Ionis Pharmaceuticals Investor Contact:

D. Wade Walke, Ph.D. – [email protected]–760-603-2331

Ionis Pharmaceuticals Media Contact:

Hayley Soffer – [email protected] – 760-603-4679

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Health Pharmaceutical

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Edwards Lifesciences to Host Earnings Conference Call on April 23, 2025

Edwards Lifesciences to Host Earnings Conference Call on April 23, 2025

IRVINE, Calif.–(BUSINESS WIRE)–
Edwards Lifesciences (NYSE: EW) plans to announce its operating results for the quarter ended March 31, 2025 after the market closes on Wednesday April 23, 2025, and will host a conference call at 5:00 p.m. ET that day to discuss those results.

To participate in the conference call, dial (877) 704-2848 or (201) 389-0893. The call will also be available live and archived on the “Investor Relations” section of the Edwards website at ir.edwards.com.

About Edwards Lifesciences

Edwards Lifesciences is the leading global structural heart innovation company, driven by a passion to improve patient lives. Through breakthrough technologies, world-class evidence and partnerships with clinicians and healthcare stakeholders, our employees are inspired by our patient-focused culture to deliver life-changing innovations to those who need them most. Discover more at www.edwards.com and follow us on LinkedIn, Facebook, Instagram and YouTube.

Edwards, Edwards Lifesciences, and the stylized E logo are trademarks of Edwards Lifesciences Corporation. All other trademarks are the property of their respective owners.

Media Contact: Amy Hytowitz, 949-250-4009

Investor Contact: Mark Wilterding, 949-250-6826

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Medical Devices Health Other Science General Health Science Cardiology

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Capella University Announces Appointment of Innovation Technology Leader Karthik Iyappan Gunasekaran to Board of Trustees

Capella University Announces Appointment of Innovation Technology Leader Karthik Iyappan Gunasekaran to Board of Trustees

MINNEAPOLIS–(BUSINESS WIRE)–
Capella University is pleased to announce the appointment of Karthik Iyappan Gunasekaran to its Board of Trustees. With over 15 years of leadership experience in educational technology and digital innovation, Gunasekaran is a distinguished product management executive who brings a wealth of expertise in leveraging technology to further advance learning platforms.

Most recently serving as VP of AI & Software Products at the Project Management Institute and previously leading product teams at Udemy and Kaplan, Gunasekaran has demonstrated exceptional skill in developing cutting-edge educational technologies, AI-driven learning solutions, and global product strategies. His experience includes leading initiatives that expanded mobile learning platforms to over 65 million users and developing AI-powered learning companions.

“It’s this type of entrepreneurial thinking, along with his extensive higher education experience that will be instrumental in guiding Capella’s strategic technological and education initiatives,” said Constance St. Germain, President of Capella University. “I have no doubt he will add tremendous value and help us meet Capella’s mission of empowering learners through innovative digital education.”

Gunasekaran previously worked as a business advisor at Harvard Innovation Labs and the Massachusetts Institute of Technology, as well as a guest lecturer at Tufts University Gordon Institute and an executive board member at the University of Pennsylvania. He received a bachelor’s degree in engineering from the Birla Institute of Technology and Science, Pilani, a master’s degree in digital technologies from Johns Hopkins University and an MBA from the University of Iowa Tippie College of Business.

The Capella University Board of Trustees oversees institutional compliance of regulatory and constituent requirements that serve students and stakeholders. The Board aims to represent today’s learners, encourage academic success and promote the public good. Board members are selected based on expertise and alignment with Capella’s institutional mission.

About Capella University

Capella University (www.capella.edu) is accredited by the Higher Learning Commission. Founded in 1993, the University is dedicated to providing flexible, professionally aligned online degree programs designed to help working adults advance in their careers. Known for its commitment to learner success, academic quality and innovations in online education, Capella pioneered competency-based direct assessment programs, allowing students to learn at their own pace. For more information, call 1.888.CAPELLA (888.227.3552).

Elaine Kincel

202-557-4920

[email protected]

KEYWORDS: United States North America Minnesota

INDUSTRY KEYWORDS: Technology Mobile/Wireless Other Technology Software Other Education Continuing University Education Artificial Intelligence

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New Era Helium Initiates Phase 1 of 250MW Data Center ProjectandLaunches Related Website

New Era Helium Initiates Phase 1 of 250MW Data Center ProjectandLaunches Related Website

MIDLAND, Texas–(BUSINESS WIRE)–
New Era Helium, Inc. (Nasdaq: NEHC) (“NEH” or the “Company”), an exploration and production (E&P) company sourcing helium from natural gas reserves in the Permian Basin, today provided an update on Texas Critical Data Centers, LLC (“TCDC”), NEH’s data center joint venture with Sharon AI, Inc. Established in 2024 TCDC aims to develop a 250MW net-zero AI and high-performance computing (HPC) facility in Ector County, Texas.

Data Center Campus Due Diligence Commenced; Property Closing Expected Within 90 Days

The Company is pleased to confirm that certain closing requirements have commenced on the site. The initial 200-acre acquisition planned by TCDC has expanded to 235 acres by the seller, Grow Odessa. TCDC intends to close on the acquisition within the next 90 days, marking a critical milestone toward construction and commercialization. Along with the closing of the planned data center campus acreage, TCDC is simultaneously advancing other critical components of the company’s phase one criteria. These include lit fiber access, finalization of various gas supply agreements, gas transmission line access, specific power plant designs utilizing reciprocating natural gas engines combined with CO2 carbon capture, along with several additional infrastructure and operational items that the Company expects will support the data center.

Initial 100MW Online Target Set for December 2026

Formal discussions are currently underway with several potential customers as part of the TCDC’s go-to-market strategy. The joint venture is targeting the majority of the intended 250 megawatts (MW) of power to be operational by December 2026, with the remaining capacity to come online within six months. The facility’s power structure will be anchored by reciprocating natural gas engines (“recips”). TCDC has held extensive conversations with multiple engine providers and intends to enter into a memorandum of understanding (MOU) with one of these providers within the near future.

Project Website Now Live

As part of the initiative, TCDC has officially launched its new website at www.texascriticaldatacenters.com, providing information on the project’s mission, design strategy, and broader market relevance. The website will serve as a central hub for project updates, and communications.

Strategic Growth in Progress

While the Company is excited to share its near-term development milestones, NEH and its partners are actively evaluating opportunities to acquire additional acreage in proximity to the current site. These strategic efforts aim to support future phases of expansion while maintaining a competitive edge in the emerging AI infrastructure space.

E. Will Gray II, CEO of New Era Helium, Inc. commented: “Our strategic vision has always been centered around enabling critical infrastructure through reliable, scalable energy solutions. With the first phase of the data center development project now underway and a clear path to activation in 2026, we are taking significant steps toward building an energy-integrated platform that supports the future of AI, HPC, and semiconductor innovation. The launch of a dedicated project website reflects this next phase of execution and provides as an information hub about this exciting project.”

About New Era Helium, Inc.

New Era Helium, Inc. is an exploration and production company that sources helium produced in association with the production of natural gas reserves in North America. The company currently owns and operates over 137,000 acres in Southeast New Mexico and has over 1.5 billion cubic feet of proved and probable helium reserves. For more information, visit www.newerahelium.com. Follow New Era Helium on LinkedIn and X.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements.” Forward-looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation: (a) our ability to effectively operate our business segments; (b) our ability to manage our research, development, expansion, growth and operating expenses; (c) our ability to evaluate and measure our business, prospects and performance metrics; (d) our ability to compete, directly and indirectly, and succeed in a highly competitive and evolving industry; (e) our ability to respond and adapt to changes in technology and customer behavior; (f) our ability to protect our intellectual property and to develop, maintain and enhance a strong brand; and (g) other factors (including the risks contained in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Investor and Media Contact:

Investor Relations

[email protected]

Tel +1 475 477 9401

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Commercial Building & Real Estate Technology Construction & Property Semiconductor Oil/Gas Energy Hardware Data Management Artificial Intelligence

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XPENG Files 2024 Annual Report on Form 20-F

GUANGZHOU, China, April 16, 2025 (GLOBE NEWSWIRE) — XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the “SEC”) on April 16, 2025. The annual report can be accessed on XPENG’s investor relations website at https://ir.xiaopeng.com.

The Company will provide a hard copy of its annual report, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to [email protected] or Investor Relations Department at XPeng Inc., No. 8 Songgang Road, Changxing Street, Cencun, Tianhe District, Guangzhou, PRC.

About XPENG

XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to drive Smart EV transformation with technology, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company’s Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.

Contacts:

For Investor Enquiries:
IR Department
XPeng Inc.
Email: [email protected]

Jenny Cai
Piacente Financial Communications
Tel: +1-212-481-2050 / +86-10-6508-0677
Email: [email protected]

For Media Enquiries:
PR Department
XPeng Inc.
Email: [email protected]

Source: XPeng Inc.