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UR CAD Services Introduces Reliable and Affordable PDF to CAD Conversion Services 11-26-2024 11:38 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: ABNewswire Image: https://www.abnewswire.com/uploads/40d25e292791def9d280eff1beb60d3d.png Gaithersburg, MD - UR CAD Services, a leading provider of outsourced CAD solutions, proudly announces its state-of-the-art PDF to CAD Conversion services, catering to global clients across architecture, engineering, and construction industries. With a proven track record in CAD digitization, UR CAD Services offers exceptional quality, precision, and affordability, making CAD conversions seamless and cost-effective. Simplify Design Workflows with Expert PDF to CAD Conversions Converting legacy blueprints, scanned documents, or hand-drawn sketches into editable CAD files is a critical task for engineering and design teams. UR CAD Services specializes in transforming complex PDF drawings into accurate, editable CAD formats such as DWG. This service is invaluable for businesses seeking to modernize their design workflows, improve documentation accuracy, and save on in-house drafting costs. Key Features of PDF to CAD Conversion Services: * Unmatched Accuracy: Achieving up to 99% precision in conversion, retaining original dimensions, and ensuring superior detailing. * Custom Layering: Adhering to client-specified layers and CAD standards for seamless integration with existing projects. * Versatility: Supporting a wide range of input formats, including PDFs, raster images, hand sketches, and more. * Quick Turnaround: Completing projects in 2-5 business days, depending on volume and complexity. * Affordability: Starting at just $7/hour, UR CAD Services delivers exceptional value for businesses of all sizes. Why Outsource to UR CAD Services? Outsourcing PDF to CAD conversion to UR CAD Services saves up to 75% of in-house drafting costs. With a skilled team of drafters, engineers, and architects, the company ensures precision and quality while freeing up internal resources for core business tasks. Their stringent 8-point Quality Assurance process guarantees reliable results that meet client specifications. Client Testimonial "UR CAD Services has been a game-changer for our engineering projects. Their PDF to CAD conversions are precise, timely, and cost-effective. I highly recommend their services!" - Joe, Civil Engineer. About UR CAD Services Headquartered in India, UR CAD Services is a trusted partner in CAD drafting, conversion, and engineering solutions. The company serves a diverse clientele worldwide, offering services such as paper-to-CAD conversion, 2D-to-3D drafting, and legacy drawing digitization. With a focus on affordability, precision, and client satisfaction, UR CAD Services continues to be an industry leader in outsourced CAD services. For more information about UR CAD Services or to request a free trial, contact: Email: info@urcadservices.com Website: www.urcadservices.com [ https://chatgpt.com/c/www.urcadservices.com ] Transform Your Designs Today with UR CAD Services Image: https://www.abnewswire.com/uploads/03a3dc242222cf97c84017ef0957864f.png Media Contact Company Name: UR CAD Services Contact Person: Marketing Team Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=ur-cad-services-introduces-reliable-and-affordable-pdf-to-cad-conversion-services ] Country: United States Website: http://www.urcadservices.com This release was published on openPR.FIFA and Mythical Games Partner to Launch Mobile Football Game 'FIFA Rivals'
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CRANFORD, N.J. , Dec. 27, 2024 /PRNewswire/ -- Citius Oncology, Inc. ("Citius Oncology" or the "Company") (Nasdaq: CTOR), a specialty biopharmaceutical company focused on the development and commercialization of novel targeted oncology therapies, today reported business and financial results for the fiscal full year ended September 30, 2024 . Fiscal Full Year 2024 Business Highlights and Subsequent Developments Financial Highlights "Reflecting on 2024, Citius Oncology has achieved pivotal milestones that underscore our commitment to advancing cancer therapeutics," stated Leonard Mazur , Chairman and CEO of Citius Oncology. "The FDA's approval of LYMPHIR for the treatment of cutaneous T-cell lymphoma marks a significant advancement in providing new options for patients battling this challenging disease. It is the only targeted systemic therapy approved for CTCL patients since 2018 and the only therapy with a mechanism of action that targets the IL-2 receptor. Additionally, the successful merger forming Citius Oncology, now trading on Nasdaq under the ticker CTOR, strengthens our position in the oncology sector. We expect it to facilitate greater access to capital to fund LYMPHIR's launch and the Company's future growth. With a Phase I investigator-initiated clinical trial combining LYMPHIR with pembrolizumab demonstrating promising preliminary results, indicating potential for enhanced treatment efficacy in recurrent solid tumors, and preliminary results expected from a second investigator trial with CAR-T therapies in 2025, we remain excited about the potential of LYMPHIR as a combination immunotherapy." "These accomplishments reflect the dedication of our team and the trust of our investors. As we look ahead, we remain steadfast in our mission to develop innovative therapies that improve the lives of cancer patients worldwide," added Mazur. FULL YEAR 2024 FINANCIAL RESULTS: Research and Development (R&D) Expenses R&D expenses were $4.9 million for the full year ended September 30, 2024 , compared to $4.2 million for the full year ended September 30, 2023 . The increase reflects development activities completed for the resubmission of the Biologics License Application of LYMPHIR in January 2024 , which were associated with the complete response letter remediation. General and Administrative (G&A) Expenses G&A expenses were $8.1 million for the full year ended September 30, 2024 , compared to $5.9 million for the full year ended September 30, 2023 . The increase was primarily due to costs associated with pre-commercial and commercial launch activities of LYMPHIR including market research, marketing, distribution and drug product reimbursement from health plans and payers. Stock-based Compensation Expense For the full year ended September 30, 2024 , stock-based compensation expense was $7.5 million as compared to $2.0 million for the prior year. The primary reason for the $5.5 million increase was due to the amounts being realized over 12 months in the year ended September 30, 2024 , as compared to three months post-plan adoption in the year ended September 30, 2023 . Net loss Net loss was $21.1 million , or ($0.31) per share for the year ended September 30, 2024 , compared to a net loss of $12.7 million , or ($0.19) per share for the year ended September 30, 2023 . The $8.5 million increase in net loss was primarily due to the increase in our operating expenses. About Citius Oncology, Inc. Citius Oncology specialty is a biopharmaceutical company focused on developing and commercializing novel targeted oncology therapies. In August 2024 , its primary asset, LYMPHIR, was approved by the FDA for the treatment of adults with relapsed or refractory CTCL who had had at least one prior systemic therapy. Management estimates the initial market for LYMPHIR currently exceeds $400 million , is growing, and is underserved by existing therapies. Robust intellectual property protections that span orphan drug designation, complex technology, trade secrets and pending patents for immuno-oncology use as a combination therapy with checkpoint inhibitors would further support Citius Oncology's competitive positioning. Citius Oncology is a publicly traded subsidiary of Citius Pharmaceuticals. For more information, please visit www.citiusonc.com Forward-Looking Statements This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are made based on our expectations and beliefs concerning future events impacting Citius Oncology. You can identify these statements by the fact that they use words such as "will," "anticipate," "estimate," "expect," "plan," "should," and "may" and other words and terms of similar meaning or use of future dates. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated, and, unless noted otherwise, that apply to Citius Oncology are: our ability to raise additional money to fund our operations for at least the next 12 months as a going concern; our ability to commercialize LYMPHIR and any of our other product candidates that may be approved by the FDA; the estimated markets for our product candidates and the acceptance thereof by any market; the ability of our product candidates to impact the quality of life of our target patient populations; our dependence on third-party suppliers; our ability to procure cGMP commercial-scale supply; risks related to research using our assets but conducted by third parties; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; uncertainties relating to preclinical and clinical testing; market and other conditions; risks related to our growth strategy; patent and intellectual property matters; our ability to identify, acquire, close and integrate product candidates and companies successfully and on a timely basis; government regulation; competition; as well as other risks described in our Securities and Exchange Commission ("SEC") filings. These risks have been and may be further impacted by any future public health risks. Accordingly, these forward-looking statements do not constitute guarantees of future performance, and you are cautioned not to place undue reliance on these forward-looking statements. Risks regarding our business are described in detail in our SEC filings which are available on the SEC's website at www.sec.gov , including in Citius Oncology's Annual Report on Form 10-K for the year ended September 30, 2024 , filed with the SEC on December 27, 2024 , as updated by our subsequent filings with the SEC. These forward-looking statements speak only as of the date hereof, and we expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law. Investor Contact: Ilanit Allen ir@citiuspharma.com 908-967-6677 x113 Media Contact: STiR-communications Greg Salsburg Greg@STiR-communications.com -- Financial Tables Follow – CITIUS ONCOLOGY, INC. CONSOLIDATED BALANCE SHEETS SEPTEMBER 30, 2024 AND 2023 2024 2023 Current Assets: Cash and cash equivalents $ 112 $ — Inventory 8,268,766 — Prepaid expenses 2,700,000 7,734,895 Total Current Assets 10,968,878 7,734,895 Other Assets: In-process research and development 73,400,000 40,000,000 Total Other Assets 73,400,000 40,000,000 Total Assets $ 84,368,878 $ 47,734,895 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 3,711,622 $ 1,289,045 License payable 28,400,000 — Accrued expenses — 259,071 Due to related party 588,806 19,499,119 Total Current Liabilities 32,700,429 21,047,235 Deferred tax liability 1,728,000 1,152,000 Note payable to related party 3,800,111 — Total Liabilities 38,228,540 22,199,235 Stockholders' Equity: Preferred stock - $0.0001 par value; 10,000,000 shares authorized: no shares issued and outstanding — — Common stock - $0.0001 par value; 100,000,000; 71,552,402 and 67,500,000 shares issued and outstanding at September 30, 2024 and 2023, respectively 7,155 6,750 Additional paid-in capital 85,411,771 43,658,750 Accumulated deficit (39,278,587) (18,129,840) Total Stockholders' Equity 46,140,339 25,535,660 Total Liabilities and Stockholders' Equity $ 84,368,878 $ 47,734,895 CITIUS ONCOLOGY, INC. CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE YEARS ENDED SEPTEMBER 30, 2024 AND 2023 2024 2023 Revenues $ — $ — Operating Expenses: Research and development 4,925,001 4,240,451 General and administrative 8,148,929 5,915,290 Stock-based compensation – general and administrative 7,498,817 1,965,500 Total Operating Expenses 20,572,747 12,121,241 Loss before Income Taxes (20,572,747) (12,121,241) Income tax expense 576,000 576,000 Net Loss $ (21,148,747) $ (12,697,241) Net Loss Per Share – Basic and Diluted $ (0.31) $ (0.19) Weighted Average Common Shares Outstanding – Basic and Diluted 68,053,607 67,500,000 CITIUS ONCOLOGY, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED SEPTEMBER 30, 2024 AND 2023 2024 2023 Cash Flows From Operating Activities: Net loss $ (21,148,747) $ (12,697,241) Adjustments to reconcile net loss to net cash provided by operating activities: Stock-based compensation expense 7,498,817 1,965,500 Deferred income tax expense 576,000 576,000 Changes in operating assets and liabilities: Inventory (2,133,871) - Prepaid expenses (1,100,000) (5,044,713) Accounts payable 2,422,577 1,196,734 Accrued expenses (259,071) (801,754) Due to related party 14,270,648 14,805,474 Net Cash Provided By Operating Activities 126,353 - Cash Flows From Investing Activities: License payment (5,000,000) - Net Cash Used In Investing Activities (5,000,000) - Cash Flows From Financing Activities: Cash contributed by parent 3,827,944 - Merger, net (2,754,296) - Proceeds from issuance of note payable to related party 3,800,111 - Net Cash Provided By Financing Activities 4,873,759 - Net Change in Cash and Cash Equivalents 112 - Cash and Cash Equivalents – Beginning of Year - - Cash and Cash Equivalents – End of Year $ 112 $ - Supplemental Disclosures of Cash Flow Information and Non-cash Activities: IPR&D Milestones included in License Payable $ 28,400,000 $White House's hype of China's cyber espionage targeting its telecom sector lacks factual basis: expert
Jamie Carragher has picked out what he believes are the “weaknesses” in Ruben Amorim’s system after analysing his first game in charge of Manchester United. Marcus Rashford gave Amorim the dream start , scoring inside two minutes on Sunday, but the game finished 1-1 after Omari Hutchinson’s fine long-range strike levelled things up. Much has been made of Amorim’s switch to a 3-4-3 system and the new Red Devils boss insists his players will need time to adapt to the new setup. But Carragher picked out what he believes will be a “big problem” going forward on Sky Sports’ Monday Night Football. Carragher said: “I hear a lot of managers including Ruben Amorim saying systems don’t matter too much. I believe that they do, no matter how many times managers tell me they don’t because, well why do you play a different system? Different systems give you different things in different areas. “For me, the weaknesses are in these spaces here, either side of the two central midfield players. The reason why is, when you play a conventional back four, your wide man can tuck in and help. “But because you play a back three, when they get the ball they naturally go wider and wing backs go wider and higher. It means there’s a lot more space around these two central midfield players, especially if the two attacking 10s don’t drop back. There were the same issues on the Ipswich side as well. “The big problem is – is it a midfielder who should drop in to fill that space or should a centre-back step in with someone? “We listened to Ruben Amorim after the game and he spoke a lot about Jonny Evans not making that jump into the space to pick up a man. Because they played the same system, it almost became a man-to-man game. Football has become that.” MORE MAN UTD COVERAGE ON F365... 👉 Amorim Watch: New Man Utd manager rubs his nose a lot and we get bored 👉 Mailbox: Ruben Amorim at Man Utd: ‘New Manager Thud anyone?’ 👉 Good luck Ruben Amorim; Man Utd are ‘a fat, lazy, bloated corpse of a club’ Amorim called out Joshua Zirkzee as well as Evans after the game, claiming his players are currently “confused” after his limited time working with him. Amorim told Sky Sports: “I think that [decision-making] is a concern, you don’t need to coach them at this level. “You have to keep the ball and know the momentum to put the ball in front. Sometimes you feel that you can’t keep the ball and you [have to] put the ball in front. “Then you have like we are in the end of the game, we were around the box with two strikers. Josh [Zirkzee] has to understand that he has to go to the box to have the crosses. “So we are doing some things that were not at the right moment, so that is something we have to address. “Sometimes people talk about the 3-4-3, that is not the concern, the system is the system but the understanding of the game is what we have to improve a lot in this area.” Amorim also insisted that Evans should have been getting tighter to Hutchinson with the Ipswich winger allowed too much space. Amorim added: “If you see the first half, we were a little bit afraid. The No.5 [Sam Morsy] was always alone, we have to jump on him. “Hutchinson was always in the dead space, Jonny Evans should be pressing his guy, but when we don’t have the training and it’s hard to see say all the reactions to the players. “We had two days, they are confused a little bit. If you stay here, you don’t run, you defend but you don’t run. You feel that in the data, but we have to understand the data to understand what happened in the game, then we have to be so much better physically to cope with the high pressure, the volume of the high-speed running, we need time to work on these things.”HENNIKER, N.H. — When Hector Xu learned to fly a helicopter in college, he recalled having a few “nasty experiences” while trying to navigate at night. The heart-stopping flights led to his research of unmanned aircraft systems while getting his doctorate degree in aerospace engineering at Massachusetts Institute of Technology. Then, he formed Rotor Technologies in 2021 to develop unmanned helicopters. Rotor built two autonomous Sprayhawks and aims to have as many as 20 ready for market next year. The company also is developing helicopters that would carry cargo in disaster zones and to offshore oil rigs. The helicopter also could be used to fight wildfires . For now, Rotor is focused on the agriculture sector, which embraced automation with drones but sees unmanned helicopters as a better way to spray larger areas with pesticides and fertilizers. “People would call us up and say, ‘Hey, I want to use this for crop dusting, can I?’ We’d say, OK maybe,” Xu said, adding that the company got enough calls to realize it was a huge untapped market. The Associated Press reporters were the first people outside the company to witness a test flight of the Sprayhawk. It hovered, flew forward and sprayed the tarmac before landing. Rotor’s nearly $1 million Sprayhawk helicopter is a Robinson R44, but the four seats were replaced with flight computers and communications systems allowing it be operated remotely. It has five cameras as well as laser-sensing technology and a radar altimeter that make terrain reading more accurate along with GPS and motion sensors. At the company’s hangar in Nashua, New Hampshire, Xu said this technology means there is better visibility of terrain at night. One of the big draws of automation in agriculture aviation is safety. Because crop dusters fly at about 150 mph and only about 10 feet off the ground, there are dozens of accidents each year when planes collide with power lines, cell towers and other planes . Older, poorly maintained planes and pilot fatigue contribute to accidents. A 2014 report from the National Transportation Safety Board found there were more than 800 agriculture operation accidents between 2001 and 2010, including 81 that were fatal. A separate report from the National Agriculture Aviation Association found nearly 640 accidents from 2014 until this month, with 109 fatalities. “It is a very, very dangerous profession and there are multiple fatalities every year,” said Dan Martin, a research engineer with the U.S. Department of Agriculture’s Agriculture Research Service. “They make all their money in those short few months so sometimes it may mean that they fly 10 to 12 hours a day or more.” Job hazards also include exposure to chemicals. In recent years, safety concerns and the cheaper cost has led to a proliferation of drones flying above farmers’ fields, Martin said, adding that about 10,000 will likely be sold this year alone. The size of the drones and their limited battery power means they can cover only a fraction of the area of a plane and helicopters. That is providing an opening for companies building bigger unmanned aircraft like Rotor and another company, Pyka. California-based Pyka announced in August that it sold its first autonomous electric aircraft for crop protection to a customer in the U.S. Pyka’s Pelican Spray, a fixed-wing aircraft, received FAA approval last year to fly commercially for crop protection. The company also sold its Pelican Spray to Dole for use in Honduras and to the Brazilian company, SLC Agrícola. Lukas Koch, chief technology officer at Heinen Brothers Agra Services, the company that bought the Pelican Spray in August, called unmanned aircraft part of a coming “revolution” that will save farmers money and improve safety. The Kansas-based company operates out of airports from Texas to Illinois. Koch doesn’t envision the unmanned aircraft replacing all the the company’s dozens of pilots but rather taking over the riskiest jobs. “The biggest draw is taking the pilot out of the aircraft inside of those most dangerous situations,” Koch said. “There’s still fields that are surrounded by trees on all borders, or you’ve got big, large power lines or other just dangers, wind turbines, things like that. It can be tough to fly around.” Koch acknowledges autonomous aviation systems could introduce new dangers to an already chaotic airspace — though that is less of a concern in rural areas with plenty of open space and fewer people. Companies like Rotor incorporated built-in in contingencies should something go wrong — its helicopter features a half-dozen communications systems and, for now, a remote pilot in control. If the ground team loses contact with the helicopter, Rotor has a system that ensures the engine can be shut off and the helicopter perform a controlled landing. “That means that we’ll never have an aircraft fly away event,” Xu said. The safety measures will go a long way to helping the company receive what it expects will be FAA regulatory approval to fly its helicopters commercially. Once it has that, the challenge, as Xu sees it, will be scaling up to meet the demand in the U.S. but also Brazil, which has a huge agriculture market but more relaxed regulatory environment.
By HALELUYA HADERO, Associated Press President-elect Donald Trump asked the Supreme Court on Friday to pause the potential TikTok ban from going into effect until his administration can pursue a “political resolution” to the issue. The request came as TikTok and the Biden administration filed opposing briefs to the court, in which the company argued the court should strike down a law that could ban the platform by Jan. 19 while the government emphasized its position that the statute is needed to eliminate a national security risk. “President Trump takes no position on the underlying merits of this dispute. Instead, he respectfully requests that the Court consider staying the Act’s deadline for divestment of January 19, 2025, while it considers the merits of this case,” said Trump’s amicus brief, which supported neither party in the case. The filings come ahead of oral arguments scheduled for Jan. 10 on whether the law, which requires TikTok to divest from its China-based parent company or face a ban, unlawfully restricts speech in violation of the First Amendment. Earlier this month, a panel of three federal judges on the U.S. Court of Appeals for the District of Columbia Circuit unanimously upheld the statute , leading TikTok to appeal the case to the Supreme Court. The brief from Trump said he opposes banning TikTok at this junction and “seeks the ability to resolve the issues at hand through political means once he takes office.”
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SAN FRANCISCO--(BUSINESS WIRE)--Dec 5, 2024-- All Remote – GitLab Inc. (NASDAQ: GTLB), the most comprehensive AI-powered DevSecOps platform, today reported financial results for its third quarter fiscal year 2025, ended October 31, 2024. “GitLab’s growth at scale is a testament to the demand for a platform approach to software development,” said Sid Sijbrandij, co-founder and executive chair of the board of directors, GitLab Inc. “Our end-to-end DevSecOps platform addresses our customers’ need to accelerate the pace of software development to remain competitive, innovate faster, and ship software more securely.” In a separate press release issued today, December 5, 2024, the company announced Bill Staples was named CEO and a member of the board of directors effective today. Staples succeeds co-founder and CEO Sid Sijbrandij, who is stepping down from his day-to-day role to focus on his health. Sijbrandij will transition to executive chair of the GitLab board of directors. The announcement can be found at https://ir.gitlab.com/ . “We delivered record non-GAAP operating margins as our third quarter fiscal year 2025 revenue reached $196 million dollars, an increase of 31% year-over-year,” said Brian Robins, GitLab chief financial officer. “I am very pleased with our results and the team’s execution as we continue to deliver against our commitment to responsible growth.” Third Quarter Fiscal Year 2025 Financial Highlights (in millions, except per share data and percentages) : Q3 FY 2025 Q3 FY 2024 Y/Y Change Revenue $ 196.0 $ 149.7 31 % GAAP Gross margin 89 % 90 % Non-GAAP Gross margin 91 % 91 % GAAP Operating margin (15 )% (27 )% Non-GAAP Operating margin 13 % 3 % GAAP Operating loss $ (28.7 ) $ (40.3 ) $ 11.6 Non-GAAP Operating income $ 25.9 $ 4.7 $ 21.2 GAAP Net Income (loss) attributable to GitLab $ 29.6 $ (285.2 ) $ 314.8 Non-GAAP Net income attributable to GitLab $ 39.1 $ 14.4 $ 24.7 GAAP Net income (loss) per share attributable to GitLab, basic $ 0.18 $ (1.84 ) $ 2.02 GAAP Net income (loss) per share attributable to GitLab, diluted $ 0.18 $ (1.84 ) $ 2.02 Non-GAAP Net income per share attributable to GitLab, basic $ 0.24 $ 0.09 $ 0.15 Non-GAAP Net income per share attributable to GitLab, diluted $ 0.23 $ 0.09 $ 0.14 GAAP net cash used in operating activities $ (177.0 ) $ (6.0 ) $ (171.0 ) Non-GAAP adjusted free cash flow $ 9.7 $ (6.7 ) $ 16.4 A reconciliation between GAAP and non-GAAP financial measures is contained in this release under the section titled “Non-GAAP Financial Measures.” Additional Financial Highlights: Customers with more than $5,000 of ARR reached 9,519, an increase of 16% year-over-year. Customers with more than $100,000 of ARR reached 1,144, an increase of 31% year-over-year. Dollar-Based Net Retention Rate was 124%. Total RPO grew 48% year-over-year to $811.8 million, while cRPO grew 39% to $515.2 million. Business Highlights: Recognized as a Leader in the Gartner® Magic QuadrantTM for DevOps Platforms for the second consecutive year. Announced an integrated offering with AWS that brings together GitLab Duo and Amazon Q. Together, GitLab Duo and Amazon Q provide a seamless AI-powered developer experience that combines DevSecOps workflows and AWS environments to help organizations ship secure software faster. Announced the general availability of Advanced SAST for GitLab Ultimate customers, leveraging technology acquired with Oxeye, for more accurate vulnerability detections in first-party code. Fourth Quarter and Fiscal Year 2025 Financial Outlook For the fourth quarter and fiscal year 2025, GitLab Inc. expects ( in millions, except share and per share data) : Q4 FY 2025 Guidance FY 2025 Guidance Revenue $205.0 - $206.0 $753 - $754 Non-GAAP operating income $28.0 - $29.0 $69 - $70 Non-GAAP diluted net income per share assuming approximately 170 million and 168 million weighted average shares outstanding during Q4 FY 2025 and FY 2025, respectively. $0.22 - $0.23 $0.63 - $0.64 These statements are forward-looking and actual results may differ materially as a result of many factors. Refer to the Forward-Looking Statements safe harbor below for information on the factors that could cause our actual results to differ materially from these forward-looking statements. A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below in Non-GAAP Financial Measures. We have not provided the most directly comparable GAAP financial guidance measures because certain items are out of our control or cannot be reasonably predicted. Accordingly, a reconciliation of non-GAAP guidance for operating income (loss) and net income (loss) per share to the corresponding GAAP measures is not available. Conference Call Information GitLab will host a conference call today, December 5, 2024, at 1:30 p.m. (PT) / 4:30 p.m. (ET) to discuss its third quarter fiscal year 2025 financial results and its guidance for the fourth quarter and fiscal year 2025. Interested parties may register for the call in advance by visiting https://bit.ly/3Ul8cwM . A live webcast of this conference call will be available on GitLab’s investor relations website ( ir.gitlab.com ), and a replay will also be archived on the website for one year. About GitLab GitLab is the most comprehensive AI-powered DevSecOps platform for software innovation. GitLab enables organizations to increase developer productivity, improve operational efficiency, reduce security and compliance risk, and accelerate digital transformation. More than 40 million registered users and more than 50% of the Fortune 100 trust GitLab to ship better, more secure software faster. Non-GAAP Financial Measures GitLab believes non-GAAP measures are useful in evaluating its operating performance. GitLab uses this supplemental information to evaluate its ongoing operations and for internal planning and forecasting purposes. GitLab believes that non-GAAP financial information, when taken collectively with its GAAP financial information, may be helpful to investors because it provides consistency and comparability with past financial performance. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. Reconciliations of non-GAAP financial measures to the most directly comparable financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. We define non-GAAP financial measures as GAAP measures, excluding certain items such as stock-based compensation expense, amortization of acquired intangible assets, foreign exchange (gain) loss, equity method investment loss and impairment, acquisition related expenses, changes in the fair value of acquisition related contingent consideration, charitable donation of common stock, restructuring charges, a non-recurring income tax adjustment related to bilateral advance pricing agreement (“BAPA”) negotiations, and other expenses that the Company believes are not indicative of its ongoing operations. Shares used for net income per share on a non-GAAP basis include incremental dilutive shares related to restricted stock units, options, and shares issuable under GitLab Inc.’s 2021 Employee Stock Purchase Plan that are anti-dilutive on a GAAP basis. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures and not rely on any single financial measure to evaluate our business. Adjusted Free Cash Flow Adjusted free cash flow is a non-GAAP financial measure that we calculate as net cash provided by operating activities less cash used for purchases of property and equipment, plus any non-recurring income tax payments related to BAPA. We believe that adjusted free cash flow is a useful indicator of liquidity that provides information to management and investors about the amount of cash generated from our operations that, after the investments in property and equipment and any non-recurring income tax payments related to BAPA, can be used for strategic initiatives, including investing in our business, and strengthening our financial position. One limitation of adjusted free cash flow is that it does not reflect our future contractual commitments. Additionally, adjusted free cash flow does not represent the total increase or decrease in our cash balance for a given period. Forward-Looking Statements This press release and the accompanying earnings call contain “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. Although we believe that the expectations reflected in the forward-looking statements contained in this release and the accompanying earnings call are reasonable, they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions, and other factors include, but are not limited to the following: our ability to effectively manage our growth; our revenue growth rate in the future; our ability to achieve and sustain profitability, our business, financial condition, and operating results; security and privacy breaches; intense competition in our markets and loss of market share to our competitors; our ability to respond to rapid technological changes; the market for our services may not grow; a decline in our customer renewals and expansions; fluctuations in our operating results; our incorporation of artificial intelligence features into our products; our transparency; our publicly available company Handbook; customers staying on our free self-managed or SaaS product offering; our ability to accurately predict the long-term rate of customer subscription renewals or adoption, or the impact of these renewals and adoption; our hiring model; the effects of ongoing armed conflict in different regions of the world on our business; and general economic conditions (including changes in interest rates, inflation, uncertainty of the federal budget, increased volatility in the capital markets, and instability in the global banking sector) and slow or negative growth of our markets. Further information on these and additional risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those included in or contemplated by the forward-looking statements contained in this release are included under the caption “Risk Factors” and elsewhere in the filings and reports we make with the Securities and Exchange Commission. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law. Operating Metrics Annual Recurring Revenue (“ARR”): We define annual recurring revenue as the annual run-rate revenue of subscription agreements, including our self-managed and SaaS offerings but excluding professional services, from all customers as measured on the last day of a given month. We calculate ARR by taking the monthly recurring revenue (“MRR”) and multiplying it by 12. MRR for each month is calculated by aggregating, for all customers during that month, monthly revenue from committed contractual amounts of subscriptions, including our self-managed license, self-managed subscription, and SaaS subscription offerings but excluding professional services. Dollar-Based Net Retention Rate: We calculate Dollar-Based Net Retention Rate as of a period end by starting with our customers as of the 12 months prior to such period end (“Prior Period ARR”). We then calculate the ARR from these customers as of the current period end (“Current Period ARR”). The calculation of Current Period ARR includes any upsells, price adjustments, user growth within a customer, contraction, and attrition. We then divide the total Current Period ARR by the total Prior Period ARR to arrive at the Dollar-Based Net Retention Rate. GitLab Inc. Condensed Consolidated Balance Sheets (in thousands, except per share data) (unaudited) October 31, 2024 (1) January 31, 2024 (1) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 176,632 $ 287,996 Short-term investments 740,340 748,289 Accounts receivable, net of allowance for doubtful accounts of $891 and $673 as of October 31, 2024 and January 31, 2024, respectively 197,555 166,731 Deferred contract acquisition costs, current 34,518 32,300 Prepaid expenses and other current assets 43,120 45,601 Total current assets 1,192,165 1,280,917 Property and equipment, net 3,563 2,954 Operating lease right-of-use assets 444 405 Goodwill 16,131 8,145 Intangible assets, net 19,536 1,733 Deferred contract acquisition costs, non-current 17,248 19,317 Other non-current assets 3,552 4,390 TOTAL ASSETS $ 1,252,639 $ 1,317,861 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES: Accounts payable $ 2,224 $ 1,738 Accrued expenses and other current liabilities 51,821 286,178 Accrued compensation and benefits 27,274 35,809 Deferred revenue, current 383,183 338,348 Total current liabilities 464,502 662,073 Deferred revenue, non-current 14,138 23,794 Other non-current liabilities 3,776 14,060 TOTAL LIABILITIES 482,416 699,927 STOCKHOLDERS’ EQUITY: Preferred stock, $0.0000025 par value; 50,000 shares authorized as of October 31, 2024 and January 31, 2024; no shares issued and outstanding as of October 31, 2024 and January 31, 2024 — — Class A Common stock, $0.0000025 par value; 1,500,000 shares authorized as of October 31, 2024 and January 31, 2024; 140,528 and 114,670 shares issued and outstanding as of October 31, 2024 and January 31, 2024, respectively — — Class B Common stock, $0.0000025 par value; 250,000 shares authorized as of October 31, 2024 and January 31, 2024; 21,555 and 42,887 shares issued and outstanding as of October 31, 2024 and January 31, 2024, respectively — — Additional paid-in capital 1,891,653 1,718,661 Accumulated deficit (1,161,952 ) (1,149,822 ) Accumulated other comprehensive income (loss) (4,996 ) 2,335 Total GitLab stockholders’ equity 724,705 571,174 Noncontrolling interests 45,518 46,760 TOTAL STOCKHOLDERS’ EQUITY 770,223 617,934 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,252,639 $ 1,317,861 (1) As of October 31, 2024 and January 31, 2024, the consolidated balance sheet includes assets of the consolidated variable interest entity, GitLab Information Technology (Hubei) Co., LTD (“JiHu”), of $43.4 million and $47.6 million, respectively, and liabilities of $6.1 million for each period presented. The assets of JiHu can be used only to settle obligations of JiHu and creditors of JiHu do not have recourse against the general credit of GitLab Inc. GitLab Inc. Condensed Consolidated Statements of Operations (in thousands, except per share data) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenue: Subscription—self-managed and SaaS $ 175,257 $ 130,993 $ 489,617 $ 364,280 License—self-managed and other 20,790 18,675 58,201 51,847 Total revenue 196,047 149,668 547,818 416,127 Cost of revenue: Subscription—self-managed and SaaS 17,170 11,559 47,639 33,321 License—self-managed and other 4,955 3,525 14,632 10,398 Total cost of revenue 22,125 15,084 62,271 43,719 Gross profit 173,922 134,584 485,547 372,408 Operating expenses: Sales and marketing 95,340 86,978 285,542 265,631 Research and development 61,354 49,058 176,767 148,452 General and administrative 45,960 38,815 146,615 110,882 Total operating expenses 202,654 174,851 608,924 524,965 Loss from operations (28,732 ) (40,267 ) (123,377 ) (152,557 ) Interest income 12,586 10,874 37,443 27,301 Other income (expense), net 4,992 569 5,457 (508 ) Loss before income taxes and loss from equity method investment (11,154 ) (28,824 ) (80,477 ) (125,764 ) Loss from equity method investment, net of tax — (743 ) — (2,408 ) Provision for (benefit from) income taxes (39,421 ) 256,788 (66,131 ) 262,290 Net income (loss) $ 28,267 $ (286,355 ) $ (14,346 ) $ (390,462 ) Net loss attributable to noncontrolling interest (1,298 ) (1,197 ) (2,216 ) (2,755 ) Net income (loss) attributable to GitLab $ 29,565 $ (285,158 ) $ (12,130 ) $ (387,707 ) Net income (loss) per share attributable to GitLab Class A and Class B common stockholders: Basic $ 0.18 $ (1.84 ) $ (0.08 ) $ (2.53 ) Diluted $ 0.18 $ (1.84 ) $ (0.08 ) $ (2.53 ) Weighted-average shares used to compute net income (loss) per share attributable to GitLab Class A and Class B common stockholders: Basic 161,317 155,123 159,756 153,504 Diluted 167,436 155,123 159,756 153,504 GitLab Inc. Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss), including amounts attributable to noncontrolling interest $ 28,267 $ (286,355 ) $ (14,346 ) $ (390,462 ) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Stock-based compensation expense 48,042 41,334 139,263 120,032 Change in fair value of acquisition related contingent consideration — — 3,750 — Charitable donation of common stock 2,957 2,675 8,871 8,025 Amortization of intangible assets 2,511 521 5,931 1,646 Depreciation expense 680 1,123 2,361 3,329 Amortization of deferred contract acquisition costs 12,704 10,447 35,650 31,066 Loss from equity method investment — 940 — 3,048 Net amortization of premiums or discounts on short-term investments (3,792 ) (5,867 ) (12,933 ) (14,361 ) Unrealized foreign exchange loss (gain), net (5,184 ) (573 ) (5,442 ) 252 Other non-cash expense, net 467 420 768 317 Changes in assets and liabilities: Accounts receivable (32,883 ) (30,572 ) (31,658 ) (5,291 ) Prepaid expenses and other current assets (10,773 ) (3,935 ) 2,498 (8,183 ) Deferred contract acquisition costs (14,751 ) (13,623 ) (35,706 ) (31,760 ) Other non-current assets 1,348 (453 ) 851 (1,174 ) Accounts payable (1,317 ) 799 33 (224 ) Accrued expenses and other current liabilities (220,071 ) 244,674 (241,704 ) 245,857 Accrued compensation and benefits (1,913 ) 231 (8,815 ) 2,842 Deferred revenue 19,665 14,270 34,503 29,158 Other non-current liabilities (2,985 ) 17,983 (11,068 ) 16,070 Net cash provided by (used in) operating activities (177,028 ) (5,961 ) (127,193 ) 10,187 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of short-term investments (240,136 ) (238,680 ) (503,394 ) (573,676 ) Proceeds from maturities of short-term investments 148,763 253,995 524,862 526,979 Purchases of property and equipment (1,057 ) (736 ) (2,608 ) (1,269 ) Payments for business combination, net of cash acquired — — (20,210 ) — Payments for asset acquisition (346 ) — (7,660 ) — Escrow payment related to business combination, after acquisition date — — — (2,500 ) Other investing activities — — 457 — Net cash provided by (used in) investing activities (92,776 ) 14,579 (8,553 ) (50,466 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from the issuance of common stock upon exercise of stock options, including early exercises, net of repurchases 7,822 4,715 17,895 22,492 Issuance of common stock under employee stock purchase plan — — 7,932 7,751 Settlement of acquisition related contingent cash consideration (4,900 ) — (4,900 ) — Net cash provided by financing activities 2,922 4,715 20,927 30,243 Impact of foreign exchange on cash and cash equivalents 4,898 (1,249 ) 3,455 (2,557 ) Net decrease in cash and cash equivalents (261,984 ) 12,084 (111,364 ) (12,593 ) Cash and cash equivalents at beginning of period 438,616 273,225 287,996 297,902 Cash and cash equivalents at end of period $ 176,632 $ 285,309 $ 176,632 $ 285,309 GitLab Inc. Reconciliation of GAAP to Non-GAAP (in thousands, except per share data) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Gross profit on GAAP basis $ 173,922 $ 134,584 $ 485,547 $ 372,408 Gross margin on GAAP basis 89 % 90 % 89 % 89 % Stock-based compensation expense 1,993 1,648 5,924 4,760 Amortization of acquired intangibles 2,511 521 5,931 1,546 Restructuring charges — — — 463 Gross profit on non-GAAP basis $ 178,426 $ 136,753 $ 497,402 $ 379,177 Gross margin on non-GAAP basis 91 % 91 % 91 % 91 % Sales and marketing on GAAP basis $ 95,340 $ 86,978 $ 285,542 $ 265,631 Stock-based compensation expense (17,012 ) (16,523 ) (54,290 ) (51,582 ) Restructuring charges (130 ) 54 (1,126 ) (3,623 ) Sales and marketing on non-GAAP basis $ 78,198 $ 70,509 $ 230,126 $ 210,426 Research and development on GAAP basis $ 61,354 $ 49,058 $ 176,767 $ 148,452 Stock-based compensation expense (14,384 ) (12,738 ) (42,834 ) (36,917 ) Restructuring charges — (72 ) (393 ) (2,119 ) Research and development on non-GAAP basis $ 46,970 $ 36,248 $ 133,540 $ 109,416 General and administrative on GAAP basis $ 45,960 $ 38,815 $ 146,615 $ 110,882 Stock-based compensation expense (14,653 ) (10,425 ) (36,215 ) (26,773 ) Amortization of acquired intangibles — — — (100 ) Restructuring charges 11 4 (377 ) (1,634 ) Charitable donation of common stock (2,957 ) (2,675 ) (8,871 ) (8,025 ) Changes in the fair value of acquisition related contingent consideration — — (3,750 ) — Acquisition related expenses (140 ) — (2,849 ) — Other non-recurring charges (872 ) (413 ) (1,084 ) (413 ) General and administrative on non-GAAP basis $ 27,349 $ 25,306 $ 93,469 $ 73,937 Loss from operations on GAAP basis $ (28,732 ) $ (40,267 ) $ (123,377 ) $ (152,557 ) Stock-based compensation expense 48,042 41,334 139,263 120,032 Amortization of acquired intangibles 2,511 521 5,931 1,646 Restructuring charges 119 14 1,896 7,839 Charitable donation of common stock 2,957 2,675 8,871 8,025 Changes in the fair value of acquisition related contingent consideration — — 3,750 — Acquisition related expenses 140 — 2,849 — Other non-recurring charges 872 413 1,084 413 Income (loss) from operations on non-GAAP basis $ 25,909 $ 4,690 $ 40,267 $ (14,602 ) Other income (expense), net on GAAP basis $ 4,992 $ 569 $ 5,457 $ (508 ) Foreign exchange gains (losses), net (5,096 ) (488 ) (5,326 ) 506 Other income (expense), net on non-GAAP basis $ (104 ) $ 81 $ 131 $ (2 ) Net income (loss) attributable to GitLab common stockholders on GAAP basis $ 29,565 $ (285,158 ) $ (12,130 ) $ (387,707 ) Stock-based compensation expense 48,042 41,334 139,263 120,032 Amortization of acquired intangibles 2,511 521 5,931 1,646 Restructuring charges 119 14 1,896 7,839 Charitable donation of common stock 2,957 2,675 8,871 8,025 Changes in the fair value of acquisition related contingent consideration — — 3,750 — Acquisition related expenses 140 — 2,849 — Loss from equity method investment, net of tax — 743 — 2,408 Foreign exchange gains (losses), net (5,096 ) (488 ) (5,326 ) 506 Income tax adjustment (39,965 ) 254,392 (78,047 ) 254,392 Other non-recurring charges 872 413 1,084 413 Net income attributable to GitLab common stockholders on non-GAAP basis $ 39,145 $ 14,446 $ 68,141 $ 7,554 GAAP net income (loss) per share, basic $ 0.18 $ (1.84 ) $ (0.08 ) $ (2.53 ) GAAP net income (loss) per share, diluted $ 0.18 $ (1.84 ) $ (0.08 ) $ (2.53 ) Non-GAAP net income per share, basic $ 0.24 $ 0.09 $ 0.43 $ 0.05 Non-GAAP net income per share, diluted $ 0.23 $ 0.09 $ 0.41 $ 0.05 Shares used in per share calculation - basic on GAAP basis 161,317 155,123 159,756 153,504 Effect of dilutive securities 6,119 7,671 7,637 7,774 Shares used in per share calculation - diluted on non-GAAP basis 167,436 162,794 167,393 161,278 GitLab Inc. Reconciliation of GAAP Cash Flow from Operating Activities to Adjusted Free Cash Flow (in thousands) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Computation of adjusted free cash flow GAAP net cash provided by (used in) operating activities $ (177,028 ) $ (5,961 ) $ (127,193 ) $ 10,187 Less: Purchases of property and equipment (1,057 ) (736 ) (2,608 ) (1,269 ) Add: Income tax payments related to BAPA 187,735 — 187,735 — Non-GAAP adjusted free cash flow $ 9,650 $ (6,697 ) $ 57,934 $ 8,918 View source version on businesswire.com : https://www.businesswire.com/news/home/20241205686308/en/ CONTACT: Media Contact: Lisa Boughner VP, Global Communications GitLab Inc. press@gitlab.com Investor Contact: Kelsey Turcotte VP, Investor Relations GitLab Inc. ir@gitlab.com KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: DATA MANAGEMENT SECURITY APPS/APPLICATIONS TECHNOLOGY SOFTWARE ARTIFICIAL INTELLIGENCE SOURCE: GitLab Inc. Copyright Business Wire 2024. PUB: 12/05/2024 04:06 PM/DISC: 12/05/2024 04:05 PM http://www.businesswire.com/news/home/20241205686308/en
Donald Trump asked the Supreme Court to pause a law that would ban TikTok. The president-elect filed a brief urging SCOTUS to give him time to pursue a political resolution. Congress passed a law that requires TikTok's Chinese owners to divest or be banned from US app stores. President-elect Donald Trump asked the Supreme Court to pause the law that would ban TikTok in mid-January until after his inauguration. Trump filed a brief on Friday urging the top court to give him time to "pursue a political resolution" before agreeing to ban the social media app. In April, Congress passed a bipartisan law that established a nine-month deadline for TikTok's Chinese parent company to divest from the app or be barred from US app stores. Neither TikTok nor Trump's lawyers immediately responded to Business Insider's request for comment. BI also reached out to the Supreme Court. In the Friday filing, Trump's lawyers highlighted the president-elect's "consummate deal-making expertise," suggesting Trump has the "political will" to negotiate a resolution that would simultaneously "save the platform" and address the national security concerns highlighted in the Congressional bill. The nine-month deadline is officially up on January 19, which is one day before Trump assumes office for a second time. Trump previously supported a TikTok ban but appeared to change his mind in recent months. He met with the app's CEO earlier this month and said he had a "warm spot" in his heart for TikTok. Legal experts previously told BI that Trump has a couple of options to try to keep the app running in the US, including asking his Department of Justice to ignore the divest law or trying to rework strategic interpretations of the law. Trump and his lawyers also argue that the president-elect has a mandate from American voters to protect their free-speech rights, including those who use TikTok. "Moreover, President Trump is one of the most powerful, prolific, and influential users of social media in history," the file said." "Consistent with his commanding presence in this area, President Trump currently has 14.7 million followers on TikTok with whom he actively communicates, allowing him to evaluate TikTok's importance as a unique medium for freedom of expression, including core political speech," lawyers added.Pierce's 20 lead Presbyterian past Youngstown State 67-42
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Supply Chain Network Summit Hosts Transforming Warehouse Management with Control Towers, Digital Twins, and AI Webinar with AutoScheduler.AIOne hundred years ago, in a courtyard at the Neues Museum in Berlin, the world came face to face for the first time with one of its most enduring beauty icons: Queen Nefertiti. Discovered in Egypt in 1912 by German archeologists, her 3,300-year-old stucco-coated limestone bust went on display in 1924. Its unveiling stunned audiences from Cairo to London and sparked a century-long fascination with her aesthetic. The artifact’s sharply defined features — her chiseled jawline, high cheekbones, ‘swan-like’ neck, and kohl-rimmed eyes — have, for decades, served as a reference point across fashion and the arts. In the bust, Nefertiti is seen wearing a wide collar and a flat-topped crown with a golden band and uraeus (a headdress featuring a sacred serpent), decorated in greens, yellows, browns and blues. Research indicates that she was a royal and noblewoman who reportedly bore six daughters, one of whom is said to have married Tutankhamun, but little else is known about Nefertiti’s life and origins. Egypt in the 14th century BC was not ethnically or racially homogeneous, and many scholars surmise that, based on her depictions and the region’s population, Nefertiti would be considered a woman of colour in today’s terms. “Nefertiti’s bust is so perfect; she’s so self-possessed,” Dr. Cheryl Finley, a professor of art history at Spelman College in Atlanta, told CNN . “That’s what really grabs the attention and imagination. It’s her confidence, and her gaze, of course. It’s something that attracts us all.” Following the bust’s discovery in the 1920s, Nefertiti quickly became an “it” girl. The meaning of her name, ‘the beautiful one has arrived,’ proved particularly apt, as her face was plastered across advertisements for kohl, and her likeness appeared in beauty columns. Designers of the time, such as the French couturier Paul Poiret, incorporated Egyptian motifs into their work. In 1945, American milliner Lilly Daché designed hats with a distinct Nefertiti flair. By 1961, Vogue had published an article exploring the world’s ongoing “fascination” with the queen. Elizabeth Taylor’s portrayal of Cleopatra in 1963 further cemented this obsession, making the “Egyptian look” a staple in fashion circles. Nefertiti’s style continued to influence fashion decades after the bust’s discovery. In Dior’s Spring 2004 show, John Galliano showcased looks that included tall Nefertiti hats. In 2015, Christian Louboutin launched a lipstick collection that drew inspiration from the royal wife, featuring gold-and-black vials adorned with crowns. (Nefertiti likely used the natural clay earth pigment red ochre for her lips). Jewelry designers like Azza Fahmy have evoked her in their pieces, while Azzedine Alaïa’s Fall 2017 line paid tribute with black turbans, one of which was famously worn by supermodel Naomi Campbell. In the modern day, Nefertiti’s significance as a cultural icon remains strong. On TikTok and Instagram, influencers recreate the queen’s looks in tutorials. Her likeness inspires items as varied as mass-produced T-shirts and mugs to $14,000 dresses and high-end perfumes. In the beauty industry, Black and brown-owned brands like Juvia’s Place and UOMA Beauty have marketed makeup that pays homage to Nefertiti. Even plastic surgeons name-drop her with the “Nefertiti Lift”— a non-invasive cosmetic technique that uses Botox to enhance the jawline. “Nefertiti’s bust... transcends time,” explained Finley. “It also enables people to draw their own power from it.” But the story of how the bust of Nefertiti found its way to Berlin in the first place is mired in controversy. After being transported to Europe in 1913, one year after its discovery in Egypt, the piece was hidden from public view for over a decade. In 1924, to much fanfare, it was put on display at the Neues Museum, where it still remains, spurring an ongoing debate about its rightful resting place (a recent petition led by Egyptologist Zahi Hawass has reignited calls for its repatriation, saying that its removal from the country was “unjustified” and against “the spirit of Egyptian laws”.) When the bust was first unveiled, White western women sought to emulate Nefertiti’s look. A 1933 New York Times article encouraged women to recreate her angular features — albeit without darkening the skin, echoing structural imbalances in the beauty industry, which fetishized non-European aesthetics yet discouraged and discriminated against darker skin tones. Women began to fashion their looks after Nefertiti’s style, lining their eyes like her cat-eye, wearing tops that imitated the era’s collars, and donning tall hats or styling their hair high to resemble her crown. Replicas of the bust even appeared in American hair salons, promising the allure of her ‘exotic’ beauty. “And why wouldn’t you want to look like her?” said Dr. Elka Stevens, an associate professor of visual culture and studio art at Howard University in Washington, D.C. “Take the crown off, drop her in any society, and she can fit in. ” A model in Nefertiti-inspired headdress on the runway of the Christian Dior Spring 2004 couture collection in Paris. (Dominique Maître/WWD/Penske Media/Getty Images via CNN Newsource) Telling us more about ourselves than her Nefertiti may have been more palatable to European audiences as some of the bust’s features align well with western aesthetic preferences, explained Professor Charmaine A. Nelson of the University of Massachusetts Amherst. The queen, she noted, defied “so much of the history of the western perception of Black women and women of colour, (which) is as ‘other,’ as ‘grotesque,’ as ‘unaesthetic body,’” said Nelson, who teaches Black diasporic art and art history. “It’s really striking and probably works in the favour of the White gaze that her hair is covered,” she added, suggesting that textured hair, particularly Afro-textured styles, have historically challenged Eurocentric beauty standards. In some ways, Nefertiti tells us more about ourselves than she does about her. Although she is one of ancient history’s most recognizable figures, much of her life remains a mystery — a gap that allows her persona to be molded into whatever icon society needs at any given time. As the wife of Pharaoh Akhenaten, Nefertiti played a major role in Egyptian politics. Together, the pair led a religious revolution by abandoning polytheism and promoting worship of the sun god Aten. Nefertiti was often portrayed with her husband in elaborate attire, suggesting her fashion was tied to her political grativas. But 12 years into Akhenaten’s reign, she vanished from historical records, leading to endless theories about her fate — was she forced into exile, did she fall ill, or was she murdered? Some speculate that she may have even assumed a new identity as a co-regent. Nefertiti’s legacy has been whitewashed in various ways; a 2018 3D reconstruction, for example, sparked backlash for its lighter skin tone. Such efforts reflect attempts to whiten Egypt and to “make claim to it as closer to Europe than to (Black) Africa,” Nelson notes. A symbol of power Meanwhile, in Black culture, Nefertiti has been embraced as a symbol of power, with contemporary figures like Beyoncé and Rihanna drawing from her image. Rihanna, who has a tattoo of Nefertiti’s bust on her ribcage, paid homage to her in a 2017 Vogue Arabia cover. Beyoncé channeled Nefertiti in her 2016 “Sorry” music video, styling her hair to mimic the crown and posing like the artwork. The singer’s Coachella performance in 2018 featured a Balmain-designed cape adorned with Nefertiti’s resemblance. At the height of her career, Erykah Badu wrapped her locs in the shape of the queen’s headdress; Aretha Franklin also wore “Nefertiti head wraps”. More recently, English singer FKA Twigs flaunted a half-shaved head and faux locs, mirroring Nefertiti’s crown and, at the 2024 Met Gala, Imaan Hammam’s makeup artist gave the Dutch supermodel exaggerated eyeliner, also honouring the ancient queen. The royal consort’s memory goes far beyond trends — it helps shape how people see themselves, said Stevens. “It changes the way we engage with one another when we know there’s this shared history.” Perhaps most important is that for many, Nefertiti’s image is deeply personal. “I see my family when I look at her, and I can see your family,” says Stevens. For this reason, “we’re going to be regaled with tales of her beauty until the end of time. She’s not going anywhere — she’s going to live through each of us, and that’s the most exciting thing.”
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WASHINGTON >> Donald Trump has urged the U.S. Supreme Court to pause a federal TikTok law that would ban the popular social media app or force its sale, with the President-elect arguing that he should have time after taking office to pursue a “political resolution” to the issue. TikTok and its owner ByteDance are fighting to keep the popular app online in the United States after Congress voted in April to ban it unless the app’s Chinese parent company sells it by Jan. 19. They have sought to have the law struck down, and the Supreme Court has agreed to hear the case. But if the court does not rule in ByteDance’s favor and no divestment occurs, the app could be effectively banned in the United States on Jan. 19, one day before Trump takes office. “This case presents an unprecedented, novel, and difficult tension between free-speech rights on one side, and foreign policy and national security concerns on the other,” Trump said in a filing today. “Such a stay would vitally grant President Trump the opportunity to pursue a political resolution that could obviate the Court’s need to decide these constitutionally significant questions,” the filing added. Free speech advocates separately told the Supreme Court today that the U.S. law against Chinese-owned TikTok evokes the censorship regimes put in place by the United States’ authoritarian enemies. Trump indicated earlier this week that he favored allowing TikTok to keep operating in the United States for at least a little while, saying he had received billions of views on the social media platform during his presidential campaign. The U.S. Justice Department has argued that Chinese control of TikTok poses a continuing threat to national security, a position supported by most U.S. lawmakers. TikTok says the Justice Department has misstated the social media app’s ties to China, arguing that its content recommendation engine and user data are stored in the United States on cloud servers operated by Oracle Corp while content moderation decisions that affect U.S. users are made in the United States as well.Demerits of XBC Batteries: Exploring the Challenges of High-Efficiency Technology
Guwahati: BJP Assam Pradesh has termed the state cabinet’s decision to ban beef consumption in hotels, restaurants and public functions as a historic and momentous step towards preserving the state’s cultural and religious sentiments . The party’s senior spokesperson Subhash Dutta said the decision reflects state govt’s steadfast commitment to safeguarding Assamese values, respecting religious beliefs and fostering a harmonious society. “The initiative to regulate the public consumption of beef in restaurants, hotels and public places is anticipated to fortify Assam’s rich cultural heritage and diverse traditions. The decision aligns with the aspirations of the people of Assam, who have long acknowledged the significance of cattle preservation. BJP believes in cultivating a society where religious sentiments are honoured while ensuring unity and advancement for all communities,” he said, adding that the move will strengthen the Assam Cattle Preservation Act , 2021. “With this ban coming into effect, Assam will establish a precedent for other states by encouraging peaceful coexistence, while maintaining respect for local customs and traditions,” he added. We also published the following articles recently Assam govt bans consumption of beef in hotels, public spaces Assam's cabinet, led by Chief Minister Himanta Biswa Sarma, banned beef consumption in hotels, restaurants, and public gatherings, effective immediately. This expands the existing restrictions under the 2021 Cattle Preservation Act, which previously limited the ban to areas near temples. Assam government expands beef ban to restaurants, hotels and public spaces Assam's government has banned beef consumption in restaurants, hotels, and public spaces statewide. Chief Minister Himanta Biswa Sarma announced the cabinet decision, expanding a previous ban near temples. This follows accusations by Congress leaders of the BJP distributing beef during recent bypolls, with a state minister challenging Congress to support the ban or "settle in Pakistan. BJP state unit terms cabinets decision as historic step The Assam state cabinet's decision to ban beef consumption in public spaces has been hailed by BJP Assam Pradesh as a historic move upholding cultural and religious sentiments. Spokesperson Subhash Dutta emphasized the ban's alignment with Assamese values and the 2021 Cattle Preservation Act. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .
Shares of Super Micro Computer ( SMCI 15.87% ) , the once high-flying artificial intelligence (AI) server stock, were back on the move again today. After plunging over a period of several weeks over concerns that began with a short-seller attack and a delay in its 10-K filing, the stock has rebounded sharply since Nov. 15 as the company hired a new auditor and submitted a plan to stay in compliance with the Nasdaq stock exchange. The stock jumped 15.9% today, meaning it's now doubled since Nov. 15. Supermicro rides the rebound There was no company-specific news out on the stock today, but shares continued their march higher as investors seemed to believe the risk in the stock was significantly reduced since it filed to stay in compliance and hired a new auditor. Additionally, short-term momentum may be continuing to lift the stock as traders don't want to miss out on the rebound. The company still faces a number of hurdles in order to return to full health as it still hasn't filed its 10-K or given an expectation of when it will be ready. Its 10-Q for its fiscal first quarter is also late, showing its accounting problems are compiling as it tries to straighten out the discrepancies that led to the delay in the filings and the resignation of its former auditor, Ernst & Young. Is Super Micro Computer a buy? The rebound earlier last week, when the company said it had received an extension to submit its filing with the Nasdaq and announced that it had hired a new auditor , made sense, but the continued surge in the stock seems purely momentum. There's still little clarity around when the company will make its outstanding filings, and its special committee has not made its report on remedial measures to fix its financial reporting, which the company expected to be completed by Nov. 15. At this point, the stock still seems very risky. It's not suitable for long-term ownership until it resolves the outstanding accounting issues.None