Van Lith scores 17 to help No. 11 TCU women beat Brown 79-47
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Florida’s next economic boom: Ocean takes stage for state’s new business strategy
The Philadelphia Eagles clinched the NFC East division title on Sunday, handing the Dallas Cowboys a humiliating 41-7 defeat while the Buffalo Bills secured the second seed in the AFC with a 40-14 crushing of the New York Jets. The Cowboys were already eliminated from playoff contention and without top receiver CeeDee Lamb with a shoulder injury, but it was their defense that struggled. Eagles starting quarter-back Jalen Hurts missed the game due to concussion. Kenny Pickett got the start but had to leave the game in the third quarter with a rib injury with Philadelphia 24-7 up. That meant third-choice Tanner McKee took over under the center and two of his four passes were for touchdowns. The real damage to the Cowboys, who gave up four turnovers, was done by the Eagles star running back Saquon Barkley who put up 167 yards on 31 carries to pass the 2,000 yard mark for the season. Barkley, who has 2,005 yards needs to put up 101 yards next week to break Eric Dickerson's record for the most rushing yards in a season, set for the Los Angeles Rams in 1984. The win means the Eagles are guaranteed at least the number two seed in the NFC. The Bills take the second seed in the AFC, behind the Kansas City Chiefs, after taking care of business against the New York Jets. The Bills led 12-0 at the half before their quarterback Josh Allen took total control of the game with touchdown passes to Amari Cooper and Keon Coleman either side of a rushing score from James Cook. Allen, who threw for 182 yards, had opened the scoring with a one-yard rush. Jets quarterback Aaron Rodgers threw two interceptions and was sacked four times. The Indianapolis Colts were eliminated from playoff contention after falling 45-33 to the 3-13 New York Giants. While the Giants had nothing to play for, quarterback Drew Lock enjoyed himself -- he matched his career high of four touchdown passes and rushed for another score as the Giants ended their 10-game losing streak. The Tampa Bay Buccaneers kept their post-season hopes alive as Baker Mayfield threw for 359 yards and five touchdowns in a 48-14 rout of the Carolina Panthers. Later on Sunday, the Minnesota Vikings, searching for the top seed in the NFC, take on NFC North divisional rivals the Green Bay Packers. The Washington Commanders would book a playoff berth if they can beat the Atlanta Falcons in Sunday night's game. sev/bb
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And so it begins. The next two months have the chance to be ridiculously entertaining in Tampa Bay. While they came off the bye week on a four-game losing streak, the Buccaneers have the easiest schedule in the NFL in the final seven weeks of the season. And the playoff push got off to an impressive start Sunday when the Bucs manhandled the New York Giants 30-7 at MetLife Stadium. Tampa Bay played close to error-free football while outgaining New York by more than 200 yards. Bucky Irving gained more than 150 yards from scrimmage while the defense came up with four sacks. It also was the sixth time the Bucs scored 30 points or more under new offensive coordinator Liam Coen. Game ball On a day when the defense played its most complete game of the season, it seems fitting to hand a game ball to the old man in the huddle. Lavonte David had five tackles, one pass defensed and the 31st forced fumble of his career. Since forced fumbles became an official stat in 1993, David is one of only six players to have accumulated at least 10 interceptions and 30 forced fumbles in their careers. Three of the others (Charles Woodson, Julius Peppers and Brian Dawkins) are in the Hall of Fame. Play of the day Where do we start? Baker Mayfield’s diving 10-yard touchdown run? Vita Vea as a fullback? Yaya Diaby’s fourth-down stop? Let’s go with Bucky Irving’s 56-yard run in the fourth quarter. It didn’t lead to a score, but it was still entertaining as heck. On second down from the Tampa Bay 5, Irving sprinted to the left edge and broke a tackle by Darius Muasau at the line of scrimmage, got a block from Jalen McMillan and motored up the middle of the field. Nearly 40 yards downfield, Mayfield blocked cornerback Cor’Dale Flott to spring Irving for another 18 yards. Keep an eye on It’s possible that the Giants are so bad that it’s premature to read anything into this game. But the return of Mike Evans from a hamstring injury seemed to open up the downfield passing attack for Mayfield. Evans caught five passes for 68 yards but, more importantly, he threw 18 passes to his wideouts and 12 to the running backs and tight ends. That’s a much different ratio than recent weeks when Mayfield was more focused on a short, ball-control passing attack. NFC South update Believe it or not, the Bucs can be back on top of the division by next week. Technically, they’d still be behind the Falcons because of the tiebreaker but it would still be a wild comeback for a team that just won its first game since Oct. 13. The Falcons have graciously lost two in a row and have tough games against the Chargers and Vikings coming up after a bye week. Up next Did you find it entertaining to watch the Bucs beat up on a last-place team? Good, because they have another one coming up next week. Tampa Bay travels to Carolina to take on the 3-8 Panthers. Carolina has played better in recent weeks, but the Bucs are 9-2 against their division rivals going back to 2018. ©2024 Tampa Bay Times. Visit tampabay.com . Distributed by Tribune Content Agency, LLC.
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CENTENNIAL, Colo.--(BUSINESS WIRE)--Nov 22, 2024-- NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU), a leading innovator in high-power and high-brightness industrial blue laser technology, today announced it has received a notice of non-compliance (the “NYSE Notice”) from the staff of the NYSE American Market (the “Exchange”) indicating that the Company has become noncompliant with the continued listing standard set forth in Section 803B(2)(c) of the NYSE American Company Guide (the “Company Guide”), since the Company’s Audit Committee is no longer comprised of at least two independent directors, as a result of the recent resignation of an independent director from the Company’s Board of Directors. The NYSE Notice stated that, pursuant to Section 803B(6)(b) of the Company Guide, the Company has until the earlier of its next annual meeting of stockholders or one year from the occurrence of the event that caused the failure to comply with the audit committee composition requirements to regain compliance with the continued listing standards; provided that, if the annual meeting of stockholders occurs no later than 75 days following the event that caused the failure to comply, the Company will instead have 75 days from such event to regain compliance. As a result, the Company has until January 4, 2025 to regain compliance. The Board is undertaking a process to identify two independent directors to join the Board within the permitted time frame. The NYSE Notice does not have any immediate effect on the listing of the Company’s common stock on the Exchange, which remains trading under the trading symbol “BURU”. There can be no assurance, however, that the Company will be able to regain compliance with the continued listing standard discussed above in the permitted time frame. About NUBURU Founded in 2015, NUBURU, Inc. (NYSEAM: BURU) is a developer and manufacturer of industrial blue lasers that leverage fundamental physics and high-brightness, high-power design to produce higher quality welds and parts at a faster rate than current lasers can produce for laser welding and additive manufacturing of copper, gold, aluminum and other industrially important metals. NUBURU’s industrial blue lasers produce minimal to defect-free welds at a rate that is up to eight times faster than traditional welding methods — all with the flexibility inherent to laser processing. For more information, please visit www.nuburu.net . Forward-Looking Statements This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release may be forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “seek,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. Forward-looking statements in this press release include, among other things, developments with our Board of Directors and our compliance with Exchange listing standards. All 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. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by NUBURU and its management, are inherently uncertain and many factors may cause the company’s actual results to differ materially from current expectations which include, but are not limited to: (1) the ability to continue to meet the Exchange’s listing standards; (2) failure to achieve expectations regarding its product development and pipeline; (3) the inability to access sufficient capital to operate as anticipated; (4) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (5) changes in applicable laws or regulations; (6) the possibility that NUBURU may be adversely affected by other economic, business and/or competitive factors; (7) volatility in the financial system and markets caused by geopolitical and economic factors; (8) failing to realize benefits from the partnership with GE Additive; and (9) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in NUBURU’s most recent periodic report on Form 10-K or Form 10-Q and other documents filed with the Securities and Exchange Commission from time to time. 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. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. NUBURU does not give any assurance that it will achieve its expected results. NUBURU assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by applicable law. View source version on businesswire.com : https://www.businesswire.com/news/home/20241122726110/en/ CONTACT: Investor Relations: NUBURU, Inc. ir@nuburu.net (720) 767-1400 KEYWORD: COLORADO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: MACHINE TOOLS, METALWORKING & METALLURGY MINING/MINERALS MANUFACTURING NATURAL RESOURCES MACHINERY STEEL SOURCE: NUBURU, Inc. Copyright Business Wire 2024. PUB: 11/22/2024 06:45 PM/DISC: 11/22/2024 06:47 PM http://www.businesswire.com/news/home/20241122726110/enNoneTAURANGA, New Zealand--(BUSINESS WIRE)--Dec 19, 2024-- Craigs Investment Partners (“Craigs” or “the Firm”), a leading wealth management firm in New Zealand, today announced that TA Associates (“TA”), a leading global private equity firm, has signed a conditional agreement to make a strategic investment in the Firm. Under the agreement, Craigs’ existing employee and director shareholders will retain 50 percent ownership of the Firm, partnering closely with TA. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241218087239/en/ “TA is an ideal partner to support Craigs’ growth ambitions and ongoing commitment to client outcomes given its significant global experience investing in wealth management, and its strong understanding of the regional market,” said Simon Tong, CEO of Craigs. “Craigs and TA are aligned on a client-first philosophy and the importance of a personalized approach to wealth management. Client outcomes remain our top priority, and there will be no change in the people or our approach to providing outstanding service to our clients.” The partnership between Craigs and TA aims to further enhance Craigs’ position as a leader in the New Zealand wealth management market while enabling its continued expansion. Leveraging over 50 years of experience helping high-quality companies grow, TA will provide deep industry knowledge, strategic resources and a robust global network to accelerate Craigs’ growth strategy. “This is an exciting opportunity that connects our local team with TA’s extensive global experience in wealth management, supporting our ability to deliver enhanced outcomes for clients in an increasingly dynamic environment. Access to TA’s international network, best practices and insights will help us elevate our services while maintaining the personalised approach that sets us apart,” Tong continued. “Over the past 40 years, Craigs has established itself as one of the largest and most respected wealth management firms in New Zealand, offering a comprehensive range of personalised wealth advice and services to its clients,” said Edward Sippel, head of TA Associates Asia Pacific Ltd. and a Managing Director at TA. “We deeply respect this history and are honoured to support the Firm’s continued growth strategy and commitment to delivering best-in-class client outcomes.” “TA has a long history of partnering with world-class wealth managers like Craigs,” said Lily Xu, Vice President at TA. “We are excited to collaborate with the entire Craigs team to expand the Firm’s reach, continue enhancing its service offerings, and explore strategic M&A opportunities.” The agreement remains subject to certain approvals being obtained, including Court approval, Craigs’ shareholder approval and Overseas Investment Office (‘OIO’) consent. Settlement is expected to occur late in the first quarter of 2025. Financial terms were not disclosed. Craigs Investment Partners Limited is a NZX Participant firm. Craigs Investment Partners Limited’s Financial Advice Provider Disclosure Statement can be viewed at craigsip.com/terms-and-conditions . Please visit craigsip.com for more information on Craigs Investment Partners financial advice services. About Craigs Investment Partners (Craigs) Craigs Investment Partners is one of New Zealand's largest investment advisory firms, offering bespoke solutions to both private investors and corporate clients. Craigs provides the complete breadth of private client and wealth management services including investment advice and management, securities trading, research, cash management, institutional dealing, and investment banking. Craigs has over 180 qualified Investment Advisers, servicing over 65,000 private wealth investors across 19 branches in New Zealand. Craigs has a team of 650 employees, $32 billion in funds under advice (“FUA”), and is currently 100% owned by employee and director shareholders. www.craigsip.com About TA Associates (TA) TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries – technology, healthcare, financial services, consumer and businesses services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has more than 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241218087239/en/ CONTACT: For more information, please contact: Craigs Investment Partners:Tania Bui |tania.bui@craigsip.com TA Associates:Maggie Benoit |mbenoit@ta.com KEYWORD: AUSTRALIA/OCEANIA NEW ZEALAND ASIA PACIFIC INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Craigs Investment Partners Copyright Business Wire 2024. PUB: 12/19/2024 04:38 PM/DISC: 12/19/2024 04:36 PM http://www.businesswire.com/news/home/20241218087239/en
Fossilized feces, vomit reveal how dinosaurs dominated Earth
'A man of great character': How world leaders are reacting to Jimmy Carter's deathMiami enters the week still stunned after losing its fourth straight game. Next up, the Hurricanes will play host to Arkansas on Tuesday night in Coral Gables, Fla., as part of the ACC/SEC Challenge. Miami (3-4) lost on Saturday afternoon to Charleston Southern, a team that entered with a 1-7 record. Arkansas (5-2) is coming off a Thanksgiving loss to Illinois on a neutral floor in Kansas City, Mo. "We've got a lot to learn," said John Calipari, in his first season coaching Arkansas. "We really haven't scrimmaged because we haven't had 10 guys (due to injuries). "But this team is going to be fine." The same thing cannot confidently be said about the Hurricanes. Their first three defeats of the current skid were tough for Miami to take, losing to Drake, Oklahoma State and VCU on a neutral court as part of the Charleston Classic. But the loss to Charleston Southern -- which was a 25-point underdog -- has to be considered among the worst in Miami history. Hurricanes coach Jim Larranaga was without point guard Nijel Pack, who missed the contest due to a lower-body injury. Pack leads Miami in scoring (15.2) and assists (4.7). There are no reports on how long he will be out. With Pack unavailable, five-star freshman Jalil Bethea made his first college start. However, the 6-foot-5 shooting guard has not yet played up to his ranking. Bethea is averaging 6.3 points, 1.1 rebounds and 0.7 assists. He is also shooting 30.0 percent on 3-pointers. Miami ranks 284th in the nation in rebounds and 259th in blocked shots. "We haven't been able to put together a solid defensive effort," Larranaga said following the loss to Charleston Southern. "Some of it has to do with fundamentals. Some of it has to do with athletic ability. Some of it has to do with size." Tuesday's game will match two veteran coaches: Larranaga, 75, and Calipari, 65. Calipari brought in seven transfers and five freshmen for his first season in Fayetteville. Two of those transfers -- 6-foot-8 wing Adou Thiero and 7-foot-2 center Zvonimir Ivisic -- were signed after leaving Kentucky, Calipari's previous stop. Thiero leads Arkansas in scoring (19.1), rebounds (5.9) and steals (2.9). Ivisic leads Arkansas in blocks (2.7) while ranking third in points (12.1). Freshman Boogie Fland, a McDonald's All-American, has made a quick transition to college ball. The 6-foot-2 point guard is second on the team in scoring (15.9) and steals (1.9) and first in assists (4.9). Among Arkansas' bench pieces are 6-foot-11 Tennessee transfer Jonas Aidoo and 6-foot-10 Arkansas holdover Trevon Brazile. Their combined 92 college starts illustrate Arkansas' depth. "The ceiling is there," Calipari said. "But we need to be the aggressors." --Field Level Media
The committee that chose the 12 contenders for college football’s national title was only worried about one thing — ranking the teams. Where those teams landed in the College Football Playoff bracket was based on a formula created by conference commissioners. That jumbled up the pairings — there are some big gaps, for instance, between where a team is seeded and where it’s ranked — and made a strong case for tinkering in the future. “I think the process to rank the best 25 teams is a great process,” said selection committee chairman Warde Manuel. “I’ve heard debates and discussions about how the seeding of the tournament should go. I will leave that up to the commissioners.” Among the choices the commissioners made months ago that set the template for the bracket released Sunday: There was also the issue of the 12-team bracket, which could very well be expanded in the next year or two. All those choices led to a field full of possibilities, but also one containing head-scratching matchups. The choices could, in some eyes, undermine the College Football Playoff’s main mission, which is ( making more money while) providing more “access” — in other words, a fair shake to more than four deserving teams. For instance, top-seeded and undefeated Oregon could play its first game against Big Ten foe Ohio State, which was ranked No. 2 for much of the season and lost to the Ducks by a point earlier this year. And Boise State, from the non-power Mountain West Conference, is the third seed, even though the committee ranked the Broncos ninth. Here is how things might have looked if certain rules that could come into play in the future were already in place: Conference champions First things first — there’s not a single tweak that would’ve placed Oregon at anything other than the No. 1 seed. The Ducks are the only undefeated team in major college football and winning a title this year would leave them a jaw-dropping 16-0. Had the rules called for simply slotting in the top 12 teams, though, Alabama would be in the bracket and Oregon’s path would be wildly different. A look at the coulda-been matchups: The third and fourth byes would have gone to Texas and Penn State, both losers in their conference title games — a turn that would have furthered questions as to whether those games have outlived their usefulness. Reseeding, rematches As things stand, Oregon will face either Ohio State or Tennessee at the Rose Bowl in the quarterfinals. Reseeding or avoiding regular-season matchups in the early rounds would likely have given the Ducks an easier game to start. Under a reseeding scenario, the Ohio State matchup could only happen if every home team — Texas, Penn State, Notre Dame and the Buckeyes — were to win its first-round game. This tweak also would prevent this year’s possibility of Clemson vs. Arizona State in the quarterfinals — two teams that weren’t in the top 12 a week ago. Or the prospect of two bye teams — ASU and Boise State — being big underdogs against teams, think Texas or Penn State, that have to win a game to play them. More teams This one is a loaded question, because when the playoffs expand they will do so with different rules. One formula kicking around involves giving three automatic spots to the Big Ten and SEC, two to the ACC and Big 12, one to the best-ranked champion of a Group of Five conference and three at-large spots. This, too, would cause problems and shuffling and teams getting passed over. But where it really breaks down is that 18th-ranked Iowa State of the Big 12 would land in this bracket as the 14 seed despite losing to Arizona State by 26. Hard to see that going over well at Miami, or Ole Miss, or Colorado. Then again, nobody ever said this was going to be fair. Be the first to know Get local news delivered to your inbox!
-- First Half Revenue of $85.7 million , increase 1.5% year-over-year -- -- First Half GMV of $107.3 million , down 7.0% year-over-year -- SHANGHAI , Dec. 19, 2024 /PRNewswire/ -- Jowell Global Ltd. ("Jowell" or the "Company") (NASDAQ: JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China , today announced its unaudited financial results for the six months ended June 30, 2024 . First Half 2024 Financial and Operational Highlights Total revenues were $85.7 million , an increase of 1.5% from $84.4 million in the same period of 2023. Net loss was $3.8 million , a decrease of 47.1%, as compared to the net loss of $7.1 million in the same period of 2023. Total GMV (Gross Merchandise Value) transacted in our online shopping mall was $107.3 million , a decrease of 7.0% from $115.5 million in the same period of 2023. Total VIP members [1] as of June 30, 2024 were approximately 2.7 million, an increase of 8.5% compared to approximately 2.5 million as of June 30, 2023 . Total LHH stores [2] as of June 30, 2024 were 26,795, an increase of 1.0% compared to 26,528 as of June 30, 2023 . [1] "Total VIP members" refers to the total number of members registered on Jowell's platform as of June 30, 2024 and June 30, 2023. [2] "LHH stores" refers to the brand name of "Love Home Store". Authorized retailers may operate as independent stores or store-in-shop (an integrated store), selling products they purchased through Jowell's online platform LHH Mall under their retailer accounts, which provides them with major discounts. First Half 2024 Financial Results Total Revenues Total revenues for the first half 2024 were $85.7 million , representing an increase of 1.5% from $84.4 million in the same period of 2023. Our weighted average unit price was $5.16 per unit for the first half of 2024, which represented an increase of 4.2% as compared to $4.95 per unit for the same period of 2023. Our health and nutritional supplements revenue for the first half of 2024 increased by about $11.1 million , or 182.1%, as compared to the same period of 2023. The increase in health and nutritional supplements revenue was mainly due to the increase in sales of premium brand health and nutritional supplements. We have stepped up our promotions on these items during the Chinese New Year holidays in the first half of 2024 in an attempt to offer more promotional discounts in response to the overall market downturn. First Half Ended June 30 % 2024 2023 change Revenues (in thousands, except for percentages) US$ US$ YoY* Product sales • Cosmetic products 19,768.5 29,495.5 (33.0 %) • Health and nutritional supplements 17,190.7 6,094.2 182.1 % • Household products 48,438.7 48,473.1 (0.1 %) • Others 286.4 343.4 (16.6 %) Total 85,684.3 84,406.2 1.5 % * YOY—year over year Total cost and operating expenses were $89.6 million in the first half of 2024, a decrease of 1.5% from $91.0 million in the same period of 2023. Costs of revenues were $84.8 million in the first half of 2024, an increase of 1.3% from $83.8 million in the same period of 2023, which including an increase of $11.1 million in health and nutritional supplements and partially offset by a decrease of $7.9 million in cosmetic products and $1.4 million in household products. Cost of revenues of health and nutritional supplements for the first half 2024 increased about 189.9% as compared to the same period of 2023. The increase was primarily due to a 65.7% increase in weighted average unit cost. The increase in weighted average unit costs for our health and nutritional supplements is mainly because we offered and sold more higher unit price products in the first half 2024 than the same period of 2023. The decrease in the cost of cosmetic products and household products was attributable to a decrease in the weighted average unit cost and a decrease in sales volume. The weighted average unit cost of cosmetic products decreased from $2.94 in the first half of 2023 to $2.47 in the first half of 2024, and weighted average unit cost of household products decreased from $8.18 in the first half of 2023 to $8.11 in the first half of 2024, both decreases mainly due to reduced customers discretionary spendings on premium brands and their preference to low cost, low price and necessity household products during the first half of 2024, as compared to the same period of 2023. The cosmetic products sales volume declined the most, with a decrease of 13.5% during the first half of 2024 comparing to the same period of 2023. Fulfillment expenses primarily consist of costs related to expenses paid for order preparing, packaging, outbound freight, and physical storage. Fulfillment expenses were $0.8 million in the first half of 2024, a decrease of 56.8% from the $1.9 million in the same period of 2023. Fulfillment expenses as a percentage of total revenues were 1% in the first half of 2024, down from 2.3% in the first half of 2023. The significant reduction in fulfillment costs are attributed to our cost reduction measures in logistics. Firstly, we reduced the rental area of warehouses and labor costs in the logistics process; Secondly, we switched to logistics service providers with lower cost to replace the original ones, significantly reducing express logistics costs. Marketing expenses primarily consist of targeted online advertising, and payroll and related expenses for personnel engaged in marketing and selling activities. Marketing expenses were $2.8 million in the first half of 2024, a decrease of 15.8% from the $3.3 million in the same period of 2023. The decrease was primarily due to a decrease in our marketing and promotion activities. Marketing expense as percentage of total revenues was 3.2% in the first half of 2024, down from 3.9% in the same period of 2023. General and administrative expenses mainly consist of payroll, depreciation, office supplies and upkeep. General and administration expenses were $1.2 million in the first half of 2024, a decrease of 40.1% from $2.0 million in the same period of 2023. General and administration expenses as percentage of total revenues was 1.4% in the first half of 2024, down from 2.3% in the same period of 2023. Operating Loss Operating loss was $4.0 million for the first half of 2024, compared with the operating loss of $6.6 million in the same period of 2023. The decrease in operating loss for the first half of 2024 was mainly due the decrease of marketing expenses, as well as reduction of operating expenses as discussed above. Net Loss Net loss was $3.8 million , a decrease of 47.1% compared with net loss of $7.1 million in the same period of 2023, which was mainly due the factors mentioned above. Loss per Share The Company computes earnings (loss) per share ("EPS") in accordance with ASC 260, "Earnings per Share" ("ASC 260"). Each of the Company's Preferred Share has voting rights equal to two Ordinary Shares of the Company and each Preferred Share is convertible into one Ordinary Share at any time. Except for voting rights and conversion rights, the Ordinary Shares and the Preferred Shares rank pari passu with one another and have the same rights, preferences, privileges and restrictions. For the first half ended June 30, 2024 and 2023, respectively, the Company had no potential ordinary shares outstanding that could potentially dilute EPS in the future. Cash and Cash Equivalents For the first half of 2024, the Company reported a net loss of $3.8 million , a negative operating cash flow of $41,012 and an accumulated deficit of approximately $29.8 million . The Company's principal sources of liquidity are sales revenues, proceeds from a private placement and a registered direct offering. As of June 30, 2024 , the Company had cash and restricted cash of approximately $0.8 million , held by the variable interest entity (VIE) Shanghai Juhao Information Technology Co., Ltd. ("Shanghai Juhao") with banks and financial institutions inside China as the Company conducts its operations primarily through the consolidated VIE in China ; the Company's working capital as of June 30, 2024 was $13.4 million . Due to the uncertainty of the current market environment, management believes it is necessary to enhance the collection of its outstanding accounts receivable and other receivables, and to be cautious in terms of its operational decisions and project selections. As of October 31, 2024 , approximately $1.8 million , or 62%, of its accounts receivable balance as of June 30, 2024 were collected, and approximately $9.9 million , or 93%, of its advances to supplier balance as of June 30, 2024 were utilized. In addition, the Company's Form F-3 registration was declared effective on August 31, 2022 , and the Company may also seek equity financing from outside investors if necessary. Based on the latest business plan of the Company, Shanghai Juhao has reduced its promotion efforts and marketing expenditures since the second half of 2023, which reduced the cash used in operating activities. Management believes that the above-mentioned factors, including cash on hand of approximately $0.8 million , will provide sufficient liquidity for the Company to meet its future liquidity and capital requirements for at least the next twelve months. About Jowell Global Ltd . Jowell Global Ltd. (the "Company") is one of the leading cosmetics, health and nutritional supplements and household products e-commerce platforms in China . We offer our own brand products to customers and also sell and distribute health and nutritional supplements, cosmetic products and certain household products from other companies on our platform. In addition, we allow third parties to open their own stores on our platform for a service fee based upon sale revenues generated from their online stores and we provide them with our unique and valuable information about market needs, enabling them to better manage their sales effort, as well as an effective platform to promote their brands. The Company also sells its products through authorized retail stores all across China , which operate under the brand names of " Love Home Store " or "LHH Store" and "Best Choice Store". For more information, please visit http://ir.1juhao.com/ . Exchange Rate The Company's financial information is presented in U.S. dollars ("USD"). The functional currency of the Company is the Chinese Yuan, Renminbi ("RMB"), the currency of the PRC. Any transactions which are denominated in currencies other than RMB are translated into RMB at the exchange rate quoted by the People's Bank of China prevailing at the dates of the transactions, and exchange gains and losses are included in the statements of operations as foreign currency transaction gain or loss. The consolidated financial statements of the Company have been translated into U.S. dollars in accordance with ASC 830, "Foreign Currency Matters". This press release contains translations of certain RMB amounts into U.S. dollars ("USD" or "$") at specified rates solely for the convenience of the reader. The exchange rates in effect as of June 30, 2024 and December 31, 2023 were RMB1 for $0.1403 and $0.1412 , respectively. The average exchange rates for the six months ended June 30, 2024 and 2023 were RMB1 for $0.1407 and $0.1444 , respectively. Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov . The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For investor and media inquiries, please contact: Jowell Global Ltd. Ms. Jessie Zhao Email: IR@1juhao.com Jowell Global Ltd. CONDENSED CONSOLIDATED BALANCE SHEETS June 30, December 31, 2024 2023 (Unaudited) ASSETS Current Assets: Cash $ 805,344 $ 1,250,281 Accounts receivable, net 2,344,481 2,401,056 Accounts receivable - related parties - 47,040 Advance to suppliers 10,050,688 3,506,432 Advance to suppliers - related parties 12,493,792 9,874,545 Inventories 4,508,515 8,198,402 Prepaid expenses and other current assets 1,075,591 1,384,758 Total current assets 31,278,411 26,662,514 Long-term investment 3,709,340 3,888,377 Property and equipment, net 845,579 681,942 Intangible assets, net 532,810 634,655 Right of use lease assets, net 1,506,729 2,019,300 Other non-current asset 638,723 895,775 Deferred tax assets 512,175 515,364 Total Assets $ 39,023,767 $ 35,297,927 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Short-term loan $ 210,473 $ 423,567 Accounts payable 2,791,515 3,765,230 Accounts payable - related parties 280,530 194,818 Deferred revenue 11,691,812 2,309,957 Deferred revenue - related parties 40,000 47,059 Current portion of operating lease liabilities 1,475,947 942,989 Accrued expenses and other liabilities 975,072 782,048 Due to related parties 414,585 528,472 Taxes payable 1,487 58,233 Total current liabilities 17,881,421 9,052,373 Non-current portion of operating lease liabilities - 1,032,235 Total liabilities 17,881,421 10,084,608 Commitments and contingencies Equity Common stock, $0.0016 par value, 450,000,000 shares authorized, 2,170,475 issued and outstanding at June 30, 2024 and December 31, 2023, respectively * 3,473 3,473 Preferred stock, $0.0016 par value, 50,000,000 shares authorized, 46,875 issued and outstanding at June 30, 2024 and December 31, 2023, respectively * 75 75 Additional paid-in capital 52,687,182 52,687,182 Statutory reserves 394,541 394,541 Accumulated deficit (29,768,863) (26,039,567) Accumulated other comprehensive loss (2,153,720) (1,843,970) Total Jowell GlobHoneywell International Inc HON shares are trading lower in Monday’s after-hours session after the company announced a strategic agreement with Bombardier and cut its near-term 2024 outlook . What Happened: Honeywell announced the signing of an agreement with jet manufacturer Bombardier to provide advanced technology to current and future Bombardier aircraft. Under the partnership, the companies will collaborate on the development of Honeywell avionics and work to certify and offer JetWave X for both new production and aftermarket installations. Bombardier will also have access to Honeywell’s full suite of L-Band satellite communications products and antennas. Honeywell noted that all legacy pending litigation between the two companies has been resolved. The company estimated that the value of the partnership will be around $17 billion over its lifetime. “This is a tremendous opportunity to co-innovate and advance next-generation technologies, including Anthem avionics and engines,” said Vimal Kapur , chairman and CEO of Honeywell. “Growing our long-term collaborative relationship with Bombardier is directly connected to Honeywell’s focus on compelling megatrends — automation, the future of aviation, and energy transition.” See Also: S&P 500 At 6,666 In 2025? Bank Of America Predicts ‘Another Good Year For Equities’ As a result of the strategic agreement, Honeywell expects its near-term financials to be negatively impacted. Fourth-quarter revenue is now expected to be approximately $400 million lower than previous guidance, while earnings are expected to be about 47 cents per share lower than previous guidance. Honeywell lowered its full-year 2024 revenue guidance from a range of $38.6 billion to $38.8 billion to a new range of $38.2 billion to $38.4 billion, versus estimates of $38.69 billion. Honeywell also lowered its full-year earnings outlook from a range of $10.15 to $10.25 per share to a new range of $9.68 to $9.78 per share, versus estimates of $10.19 per share. Honeywell now anticipates a full-year operating cash flow of $5.8 billion to $6.1 billion and a full-year free cash flow of $4.6 billion to $4.9 billion. HON Price Action: Honeywell shares were down 2.93% at $223.21 after-hours at publication Monday, per Benzinga Pro . Photo: Shutterstock. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Lightweight portion of the Bucs’ schedule begins with an easy win vs. Giants
AUSTIN, Texas, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Molecular Templates, Inc. (Nasdaq: MTEM, "Molecular Templates,” or "MTEM” or the "Company”), a clinical-stage biopharmaceutical company focused on the discovery and development of proprietary targeted biologic therapeutics, known as engineered toxin bodies, to create novel therapies with potent and differentiated mechanisms of action for cancer, was notified on December 16, 2024 by the Listing Qualifications Department (the "Staff”) of The Nasdaq Stock Market LLC ("Nasdaq”) of the Staff's determination pursuant to Nasdaq Listing Rule 5101 that the Company is a "public shell,” and that, in the view of the Staff, the continued listing of the Company's securities was no longer warranted. Further, Nasdaq indicated that the Company's non-compliance with (i) Nasdaq Listing Rule 5250(c)(1) as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q for the period ended September 30, 2024 and (ii) Nasdaq Listing Rule 5550(a)(2) as a result of its failure to maintain a $1.00 bid price for the required period, each serving as an additional and separate basis for delisting. Trading of the Company's common stock will be suspended at the opening of business on December 26, 2024, and Nasdaq will file a Form 25-NSE with the U.S. Securities and Exchange Commission to formally delist the Company's securities from listing and registration, unless the Company timely requests a hearing before a Nasdaq Hearings Panel to appeal Nasdaq's determination and address the deficiencies. The Company does not plan to request a hearing regarding these deficiencies and expects that trading in the Company's common stock on the Nasdaq Stock Market will be suspended upon the opening of business on December 26, 2024. About Molecular Templates Molecular Templates is a clinical-stage biopharmaceutical company focused on the discovery and development of next-generation ADCs. Its drug platform technology, known as Engineered Toxin Bodies (ETBs), leverages the resident biology of a genetically engineered toxin payload to create novel therapies with potent and differentiated mechanisms of action for cancer and various disease indications. Cautionary Information Regarding Trading in the Company's Securities The Company cautions that trading in the Company's securities is highly speculative and poses substantial risks. Trading prices for the Company's securities likely bear little or no relationship to the actual value realized, if any, by holders of the Company's securities. The Company currently has extremely limited resources to continue or wind down operations. Accordingly, the Company urges extreme caution with respect to existing and future investments in its securities. Forward-Looking Statements This press release contains forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the "Act”). Molecular Templates disclaims any intent or obligation to update these forward-looking statements and claims the protection of the Act's Safe Harbor for forward-looking statements. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future financial position, prospects and plans and objectives of management are forward-looking statements. In addition, when or if used in this press release, the words "may,” "could,” "should,” "anticipate,” "believe,” "estimate,” "expect,” "intend,” "plan,” "predict” and similar expressions and their variants, as they relate to Molecular Templates may identify forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual events or results may differ materially from those discussed in the forward-looking statements as a result of various factors including, but not limited to the following: the continued availability of financing on commercially reasonable terms of which there can be no assurance that any financing will be obtained; whether Molecular Templates' cash resources will be sufficient to fund any future operations or winddown activities; the results of MTEM's clinical studies which are currently unable to resume due to lack of resources; the ability to effectively operate MTEM and retain key employees and consultants post-MTEM's previously announced restructuring and reductions in force; the ability of MTEM to resume its regular and required Exchange Act reporting obligations which the Company is currently unable to do; and those risks identified under the heading "Risk Factors” in Molecular Templates' filings with the SEC, including its most recently filed Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 and any subsequently filed reports. Any forward-looking statements contained in this press release speak only as of the date hereof, and Molecular Templates specifically disclaims any obligation to update any forward-looking statement, whether because of new information, future events or otherwise. CONTACT: Contact Michelle Iwamoto-Fan [email protected]