FARMINGDALE, N.Y., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Enzo Biochem, Inc. ENZ ("Enzo" or the "Company") today announced financial results for the fiscal first quarter ended October 31, 2024. First Quarter Highlights Enzo ended the first quarter with aggregate cash and cash equivalents of $47.7 million. The net cash used in operating activities during the first quarter decreased by $4.4 million compared to the prior year. The Company's first-quarter revenue of $6.2 million declined year-over-year by 20% due to declining market demand related to general continued headwinds in the life sciences tools space. Recent Events The declared special cash dividend of $0.10 per share on its common stock was paid on December 2, 2024 to the holders of record as of the close of business on November 15, 2024. Jon Couchman became a director of the Company and member of the Company's Audit Committee, Nominating & Governance Committee and Compensation Committee effective November 22, 2024. Mr. Couchman is the Managing Member of Couchman Management LLC, an investment management company through which he manages private investments. Mr. Couchman has significant public company director experience and has served in various executive leadership roles. About Enzo Biochem Enzo Biochem, Inc. has operated as a life sciences company for over 45 years. The primary business of Enzo today is conducted through its Life Sciences division, Enzo Life Sciences, which focuses on labeling and detection technologies from DNA to whole cell analysis, including a comprehensive portfolio of thousands of high-quality products, including antibodies, genomic probes, assays, biochemicals, and proteins. The Company's proprietary products and technologies play central roles in translational research and drug development areas, including cell biology, genomics, assays, immunohistochemistry, and small molecule chemistry. The Company monetizes its technology primarily via sales through our global distribution network and licensing. For more information, please visit enzo.com or follow Enzo Biochem on X and LinkedIn . Forward-Looking Statements Except for historical information, the matters discussed in this release may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include declarations regarding the intent, belief or current expectations of the Company and its management, including those related to cash flow, gross margins, revenues and expenses, which are dependent on a number of factors outside of the control of the Company, including, inter alia, the markets for the Company's products, cost of goods sold, other expenses, government regulations, litigation, and general business conditions. See Risk Factors in the Company's Form 10-K for the fiscal year ended July 31, 2024. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results. The Company disclaims any obligations to update any forward-looking statement as a result of developments occurring after the date of this release. Enzo Biochem Contacts For Enzo Biochem: Patricia Eckert, Chief Financial Officer Enzo Biochem 631-755-5500 peckert@enzo.com Use of Non-GAAP Financial Measures by Enzo The non-GAAP financial measures contained in this press release (including, without limitation, Adjusted net loss, EBITDA, and Adjusted EBITDA) are not GAAP measures of the Company's financial performance or liquidity and should not be considered as alternatives to net income (loss) as a measure of financial performance or cash flows from operations as measures of liquidity, or any other performance measure derived in accordance with GAAP. A reconciliation of such non-GAAP measures is included in the presentation of the Company's financial results for the quarter ended October 31, 2024 contained herein and is also available in the investor relations section of the Company's website ( https://www.enzo.com ). The Company believes the presentation of these non-GAAP measures provides useful additional information to investors because they provide information consistent with that on which management evaluates the financial performance of the Company. The Company manages its business based on its operating cash flows. It refers to EBITDA as its primary indicator of performance and refers to Adjusted EBITDA to further exclude items of a non-recurring nature. It is reasonable to expect that one or more excluded items will occur in future periods, though the amounts recognized can vary significantly from period to period. You are encouraged to evaluate each adjustment used to determine a non-GAAP financial measure and the reasons management considers it appropriate for supplemental analysis. Our presentation of these measures should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. We refer you to the tables attached to this press release, which includes reconciliation tables of GAAP net loss to Adjusted net loss and GAAP net loss to EBITDA and Adjusted EBITDA. ENZO BIOCHEM, INC. (in thousands, except per share data) Three months ended Selected operations data: October 31, (unaudited) 2024 2023 Revenues $ 6,213 $ 7,806 Gross profit 2,280 3,455 Gross profit % 37 % 44 % Operating loss (3,622 ) (5,476 ) Net loss from continuing operations (3,071 ) (5,675 ) Net loss from discontinued operations (305 ) (941 ) Net loss $ (3,376 ) $ (6,616 ) Net loss per common share – basic and diluted – Continuing Operations ($0.07 ) ($0.11 ) Net loss per common share – basic and diluted – Discontinued Operations $0.00 ($0.02 ) Total net loss per basic and diluted common share ($0.07 ) ($0.13 ) Weighted average common shares outstanding – basic and diluted 52,244 50,184 Selected balance sheet data: 10/31/2024 (unaudited) 7/31/2024 (unaudited) Cash and cash equivalents $ 47,735 $ 52,371 Working capital 36,264 45,237 Stockholders' equity 47,658 56,112 Total assets 75,291 85,764 The following table presents a reconciliation of reported net loss and basic and diluted net loss per share to Adjusted net loss and Adjusted basic and diluted net loss per share for the three months ended October 31, 2024. ENZO BIOCHEM, INC. Non-GAAP Reconciliation Table (Unaudited, in thousands, except per share data) Three months ended October 31, 2024 Reported GAAP loss $ (3,376 ) Adjusted for: Discrete legal matters 288 One time inventory provision 252 Net loss from discontinued operations 305 Adjusted net loss $ (2,531 ) Weighted Shares Outstanding: Basic and diluted 52,244 Basic and diluted earnings per share: Basic and diluted net loss per share GAAP ($0.07 ) Basic and diluted net loss per share non-GAAP ($0.05 ) The following table presents a reconciliation of reported GAAP net loss for the three months ended October 31, 2024 to EBITDA and Adjusted EBITDA: ENZO BIOCHEM, INC. EBITDA & Adjusted EBITDA Reconciliation Table (Unaudited, in thousands) Three months ended October 31, 2024 GAAP net loss $ (3,376 ) Plus (minus): Depreciation and amortization 319 Interest (income) expense, net (620 ) EBITDA (3,677 ) Adjusted for: Discrete legal matters 288 One time inventory provision 252 Net loss from discontinued operations 305 Foreign exchange loss 192 Adjusted EBITDA $ (2,640 ) © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After a far-right pro-Russia candidate secured a surprise lead in Romania's presidential election Monday, the eastern European NATO member is bracing for a high-stakes parliamentary vote on Sunday, amid fears it could bring about a strategic shift in the country. Calin Georgescu was in pole position with almost 23 percent after the first round of voting, a political earthquake in the country of 19 million people that has so far resisted nationalist appeals that have gained traction in Hungary and Slovakia. His victory ahead of centre-right mayor Elena Lasconi -- who scored 19.18 percent -- ended the hopes of Prime Minister Marcel Ciolacu to compete for the presidency in the December runoff. After coming third at 19.15, Ciolacu said his Social Democratic Party (PSD) won't challenge the narrow result, and announced his resignation as party leader. Experts say the far right's surprise success could affect the parliamentary elections later this week, and even influence the chances of forming a future government. In the runoff ballot on December 8, Lasconi will face Georgescu, a NATO critic who in the past expressed his admiration for Russian President Vladimir Putin. Georgescu's popularity surged ahead of the vote with a viral TikTok campaign calling for an end to aid for Ukraine, which shares a 650-kilometre (400-mile) border with Romania. In a first reaction on his YouTube channel, the 62-year-old independent candidate insisted "there is no East or West", stressing that neutrality was "absolutely necessary". "I am not an extremist, I am not a fascist -- I am a Romanian who loves his country," he said in reference to media reports that "tried to portray" him in a wrongful way. For his rival Lasconi, the upcoming runoff represents "an existential battle", "a historic confrontation" between those who wish to "preserve Romania's young democracy" and those who want to "return to the Russian sphere of influence". "We must not allow anger to throw us back into the past," she said to thunderous applause from her supporters, vowing to stand up for Europe and NATO. The political earthquake comes amid soaring inflation and mounting fears of Romania being potentially dragged into Russia's war in neighbouring Ukraine, as the country has emerged as a key player on the alliance's eastern flank. In Sunday's vote, another far-right contender, AUR party leader George Simion, secured nearly 14 percent. Already pounding the campaign trail for this week's parliamentary elections, Simion said Romania now has "the chance to have a sovereign government and a sovereign president". Overall, the far right won more than a third of all votes in Sunday's presidential ballot. "The far right is by far the big winner of this election," political scientist Cristian Pirvulescu told AFP, predicting a possible "contagion effect" in the parliamentary vote. Extremist forces and Lasconi's centre-right party now have "wind in their sails", sociologist Gelu Duminica said, though "it remains to be seen if they know how to capitalise" on it. The PSD, which has shaped the country's politics for more than three decades, has never before been eliminated in the first round of a presidential election. The National Liberal Party (PNL) party, with whom the PSD currently governs, also suffered a defeat. While many expressed their disbelief over the poll in the streets of the capital Bucharest, others were enthused. Maria Chis, 70, said she was surprised by Georgescu's lead in the first round but had been impressed after watching his TikTok videos. "He seems a man of integrity, serious and patriotic. He inspires seriousness. I think only someone like him can bring change," said the pensioner, who was planning to vote for him in the second round. Alex Tudose, the owner of a construction company, was gloomy. "There is sorrow, disappointment, that after so many years in Euro-Atlantic structures we voted for a pro-Russian by over 20 percent," the 42-year-old said. "There is clearly a strong fragmentation both in society and in the political class, and I think we saw that yesterday," he said. ani-anb-kym/sbk Get any of our free email newsletters — news headlines, sports, arts & entertainment, state legislature, CFD news, and more.There is a startling contradiction at the heart of Bay Area politics. On the one hand, the Bay Area is an unabashed “blue” stronghold, defining itself by its support for diversity and tolerance. Yet its resistance to building new homes cuts against these values. Time and again, experts have proven that suppressing housing is fundamentally regressive, massively increasing segregation, per-capita carbon emissions and rents. But possibly even more troubling, the opposition to development is kneecapping the Democratic Party on a national level. Leaders like Vice President Kamala Harris and former President Barack Obama understand this, which is why they embraced pro-housing rhetoric during the 2024 campaign. If Democrats want to preserve electoral power, they must show that the approach to governance has merit. They must provide sanctuary to vulnerable Americans. They must build more homes. There’s little overstating how badly California and places like Marin County have failed at the above. Over the last half-century, California’s paltry housing production has left it with an immense supply shortage, and it now possess the nation’s highest cost of living. No place has driven the state’s crisis as much as the Bay Area. As a result, our state’s population dropped in 2019 for the first time since 1850, then proceeded to fall for the next three years straight. Marin has long been the strongest opponent of growth in the state; while California’s population nearly doubled post-1970, Marin’s stalled, growing just over 22%. And while some argue that recent population declines prove we don’t need to build, these folks are confusing cause and effect. Demand is as high as ever, as seen by our skyrocketing rents. So where are people moving instead? In many cases, it is to affordable, politically “red” states. Since 2020, red counties have gained over 3.7 million new residents, and blue counties like Marin have lost over 3.7 million. While low demand helps keep prices down in red states, even high-demand cities in these areas have continued to build homes. For example, in 2022, Austin, Texas, permitted 50% more homes than the entire Bay Area. And who’s filling these homes? Evidence shows that the vast plurality of new Texas residents in Austin come from, naturally, California. For a nation as evenly divided as ours, the implications of this are severe. With the drop in population, California has already lost one congressional vote, and experts project us to lose at least four more this decade. In total, Democrat-run states could lose over 12 guaranteed electoral votes and House seats after the 2030 census. And while it’s true that pushing a Republican state like Texas left could have upsides, as the presidential election proved, its trend is far from certain. But even beyond future electoral math, the inability of blue states to build is undermining party optics right now. Experts agree that our lack of housing is the primary reason homelessness is so widespread in the region. So when American voters see images of Bay Area encampments, they rightly see and take to heart the failure of Democratic leadership. And in an election where inflation topped the voters’ concerns, how could a former California senator credibly offer to reign in prices given our state’s cost of living? Even worse, it’s not just fueling Republican electoral victories – California is supporting that party’s legislative agenda. These actions force countless Americans to live in states that have blocked Medicaid expansion. Some have banned abortion, even in cases of rape and incest; eliminated access to gender-affirming care; or instituted sweeping voter-suppression laws. Obama famously emphasized that “there are no red states or blue states, just the United States.” While true, Republican governments exist. California is helping to expand their grasp. Democrats can’t afford more excuses. This is a numbers game, and every time groups move to ban housing – be it because political leaders abhor “capitalist developers” or new neighbors – it plays into the hands of the GOP. It’s time to change that. It’s time to say yes to more homes. David Newman, of San Francisco, is an intern for the Marin Environmental Housing Collective. Learn more at marinmehc.org.
1 million Americans to receive checks from the IRS. How to know if you're eligible
Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve's meetingIn his first wide-ranging news conference since the election, President-elect Donald Trump cited debunked data linking vaccines and autism, vowed to slash taxes and resume construction of his border wall, and accused the Biden administration of hiding the truth about recent drone sightings. Speaking from his Mar-a-Lago estate in Florida, Trump announced a $100 billion investment from SoftBank, a Japanese technology company. But he used the appearance in front of reporters to jump from one topic to another in an hourlong performance that recalled the lengthy exchanges he often had during his first term. “The government knows what is happening,” the president-elect said of the drone sightings over many states, though he declined to say if he had been briefed by government officials. “Look, our military knows where they took off from. If it’s a garage. They can go right into that garage. They know where it came from and where it went. And for some reason, they don’t want to comment.” He added: “I mean, they happen to be over Bedminster,” he said, referring to the home he owns in New Jersey. “They’re very close to Bedminster. I think maybe I won’t spend the weekend in Bedminster. I decided to cancel my trip.” The news conference was in many ways a return to the past, when Trump relished seizing the world’s attention with long Q&A sessions that rambled from topic to topic. But in a rare moment of self-reflection, the president-elect suggested that he is being treated better as he enters his second term, this time with more of the Republican Party firmly under his dominance. He said many CEOs have rushed to court him this time. “The first term, everybody was fighting me,” he said. “In this term, everybody wants to be my friend. I don’t know — my personality changed or something.” As he returns to power, Trump remains one of the most divisive figures in American political life, having been elected for a second time by a narrow margin. He once again vows to shatter norms, impose tariffs, bring legal charges against journalists and slash government spending. Trump praised Pete Hegseth, his nominee to be secretary of defense, and Robert F. Kennedy Jr., his nominee to be secretary of health and human services. He then skipped through a series of topics before taking questions from reporters. He said that Gov. Ron DeSantis of Florida would “make the right decision” about whether to appoint Lara Trump, his daughter-in-law, to replace Marco Rubio in the Senate if Rubio is confirmed as secretary of state. He declined to say whether he has spoken to President Vladimir Putin of Russia since the election but repeated his claim that Russia would not have invaded Ukraine on his watch. In fact, Russia had already invaded Ukraine’s eastern sections in 2014, and Trump did nothing to stop the war, which then expanded with the full-scale invasion in 2022. He said that President Volodymyr Zelenskyy of Ukraine should be ready to make a deal with Russia in order to stop the war in his country. He did not say what Zelenskyy should give up in a deal but emphasized that a deal must be made because too many people were dying. The president-elect said it would be unwise to say whether he supports a preemptive strike on Iran’s nuclear facilities. He said he had spoken to Prime Minister Benjamin Netanyahu of Israel about the conflicts in the region. He also said that he would consider issuing a pardon for Eric Adams, the mayor of New York City, who has been indicted in a federal corruption investigation. “I think that he was treated pretty unfairly,” he said. Speaking directly to the reporters, he called the press “very corrupt” and promised to continue pursuing legal action against news organizations that he believes have not quoted him correctly. He said he planned to sue the Des Moines Register for having a poll before the election that turned out to be wrong. And he said he was pursuing legal action against “60 Minutes” for what he said was a misquote. “We have to straighten out the press,” he said. “The press is very corrupt. Almost as corrupt as our elections.” Trump also said that Elon Musk and Vivek Ramaswamy will cut $2 trillion out of the $6.8 trillion annual federal budget and “it’ll have no impact on people.” In fact, if you rule out cuts to Social Security, Medicare and defense, as Trump has, cutting $2 trillion would require shutting down almost the entire federal government. Eliminating all nondefense discretionary spending would get about halfway to the $2 trillion goal. This article originally appeared in The New York Times . © 2024 The New York Times CompanyTravis Hunter named AP player of the year
Between now and April 2, the folks on Oro-Medonte Township council will wade through thousands of bytes of information as they try to pull together a budget that will meet residents’ needs without breaking the bank. It’s not going to be a cakewalk. At the township’s most recent council meeting, Shawn Binns, chief administrative officer, and Shannon Johnson, chief financial officer, shared with council a long list of challenges the township is facing as it heads into budget preparation for 2025-2026, including the growth of the township’s neighbours, Barrie and Orillia, and growth throughout the township, in Craighurst, Horseshoe Valley, Eagle’s Rest, Eagle’s Landing and Warminster. The township is also dealing with the challenges of appropriate staffing levels, staff compensation, Information Technology adoption and connectivity, updates to fees and charges, legacy legal issues (cannabis, STRs), the impacts of climate change and uncertain economic conditions. “Not surprisingly, probably the biggest part of our budget is salaries and benefits,” Binns said during his budget preparation presentation last week. “Our people are the critical ingredient in delivering quality service. “We will continue to build on recruitment, development and retention,” Binns added. According to Binns, the township’s collective agreement with its unionized employees ends in 2025 and that will be a major area of focus for management. He said staff will provide township council with an overview of the salary compensation policy and market review that is currently underway. Binns noted he had a particular concern with the township’s fire and emergency services. “Another significant challenge, particularly for community services and fire and emergency services, is the continuity and sustainability of our volunteer service model that’s heavily reliant on dedicated volunteers to provide service on behalf of the municipality,” he said. While it was a hot topic for a couple of weeks, the proposed increase from the Ontario Provincial Police (OPP) for 2025 has been reduced from $659,000 — a 23 per cent increase — to $151,000, a modest-by-comparison increase of five per cent. (According to the presentation document, the province plans to review the OPP billing model and despite the relief, base service costs will rise in 2026, adding budget pressure. The OPP billing model does not provide a mechanism to reconcile paid duty and calls for service reporting which is resulting in duplication of cost, and costs borne by the township related to large scale special events like those held at Burl’s Creek. The township continues to advocate for changes to the billing model to address this and sustainability of policing costs.) One area where the township is looking to make gains is in IT. According to Binns, the township has placed a lot of emphasis on technology over the past couple of years. “Technology really is core to improving our service,” Binns said. “We’ve invested quite heavily over the last number of years to be able to get systems to be able to help us be able to do our jobs more efficiently and effectively.” He ran through a list of IT initiatives and improvements: Binns and Johnson’s presentation wasn’t all about the challenges — there were a couple of bright lights, particularly when it comes to insurance, township revenue, user fees and grants. According to the presentation: Here is the timeline for Oro-Medonte Township’s 2025-2026 budget process:SHANGHAI and HONG KONG, Dec. 16, 2024 (GLOBE NEWSWIRE) -- NETCLASS TECHNOLOGY INC. (the “Company” or “NETCLASS”), a leading B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, and Singapore, today announced the closing of its initial public offering (the “Offering”) of 1,800,000 Class A ordinary shares at a public offering price of $5.00 per ordinary share, for total gross proceeds of $9,000,000, before deducting underwriting discounts, commissions, and other related expenses. The Company has granted the underwriters an option, exercisable within 45 days from the closing date of the Offering, to purchase up to an additional 270,000 Class A ordinary shares at the initial public offering price, less underwriting discounts to cover over-allotments, if any. Shares of the Company’s stock began trading on the Nasdaq Capital Market under the symbol “NTCL” on December 13, 2024. The Offering was conducted on a firm commitment basis. The Company intends to use the proceeds from the Offering for the courseware and online technology platform development, expansion of application development service and subscription services, marketing and brand building, along with working capital and general corporate purposes. Newbridge Securities Corporation and Revere Securities, LLC (the “Underwriters”) acted as Underwriters to the Offering. Ortoli Rosenstadt LLP acted as U.S. counsel to the Company, and Sichenzia Ross Ference Carmel LLP acted as U.S. counsel to Newbridge Securities Corporation, who acted as the representative of the Underwriters in connection with the Offering. A registration statement on Form F-1 (File No. 333-278224) was filed with the Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on December 12, 2024. A final prospectus relating to the offering was filed with the SEC is available on the SEC’s website at www.sec.gov. Electronic copies of the final prospectus relating to this offering may be obtained from Newbridge Securities Corporation, Attention: Equity Syndicate Department, 1200 North Federal Highway, Suite 400, Boca Raton, FL 33432, by email at syndicate@newbridgesecurities.com or by telephone at (877) 447-9625. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About NETCLASS TECHNOLOGY INC. NETCLASS TECHNOLOGY INC. is a leading B2B smart education specialist with offices in Shanghai, Hong Kong, and Singapore, providing innovative IT solutions to schools, training institutions, corporations, public agencies, and other organizations. Our services include SaaS subscription services and application software development, with solutions spanning teaching and campus management, online teaching, examinations, epidemic prevention, data storage, EDC (Education Credit) blockchain systems, and lecturer evaluation services. Our mission is to deliver reliable, high-quality products that drive sustainable growth for our customers. For more information, please visit the Company’s website: https://ir.netclasstech.com Forward-Looking Statements Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission. For investor and media inquiries, please contact: NETCLASS TECHNOLOGY INC. Investor Relations Email: ir@netclasstech.com Jackson Lin Lambert by LLYC Phone: +1 (646) 717-4593 Email: jian.lin@llyc.global
Q2 Fiscal 2025 Highlights Reports revenue of $11.5 Million Gross margin increased to 71% from 63% Net loss of $(4.2) million reflects $(4.9) million one-time non-cash lease related impairment charges for right-of-use assets and tenant leasehold improvements Adjusted EBITDA improved by 42% year-over-year due to continued cost controls PHOENIX, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (OTC Markets: ASPU) (“AGI” or the "Company"), an education technology holding company, today announced financial results for its second quarter fiscal year 2025 ended October 31, 2024. Second Quarter Fiscal Year 2025 Summary Results _______________________ 1 GAAP gross profit calculation includes marketing and promotional costs, instructional costs and services, and amortization expense of $0.5 million and $0.5 million, and $0.9 million and $1.0 million for the three and six months ended October 31, 2024 and 2023, respectively. 2 Net income (loss) in fiscal Q2 2025 and year-to-date fiscal 2025 includes a noncash impairment charge of $(4.9) million. Additionally, fiscal Q2 2025 and year-to-date fiscal 2025 contain a non-cash gain of $1.1 million and $1.9 million, respectively, related to the change in the fair value of put warrant liability. See further explanation on page 2. 3 Non-GAAP financial measures. See reconciliations of GAAP to non-GAAP financial measures under “Non-GAAP – Financial Measures” starting on page 5. “We made significant strides toward stabilizing our revenue in the second quarter of fiscal 2025 while achieving positive cash flow through disciplined cost management,” said Michael Mathews, Chairman and CEO of AGI. “Despite maintaining a disciplined marketing spend, we achieved notable improvements in our financial performance, particularly gross margin. Our gross margin expanded primarily due to the lower instructional costs from completing the AU Pre-licensure BSN program teach-out and increased efficiencies in USU’s instructional operations. Additionally, restructuring efforts reduced general and administrative expenses by 14% year-over-year. While our net loss was impacted by a one-time, noncash leasehold impairment charge, the lower instructional costs and expense reduction initiatives in the second quarter collectively drove a 42% year-over-year improvement in Adjusted EBITDA for the quarter and delivered modest year-to-date positive cash from operations.” Mr. Mathews concluded, “As of the filing of our quarterly report for the first quarter fiscal year 2025 with OTC Market, AGI is now fully compliant with the QB listing requirements. We have recently begun the process to resume trading on the OTCQB.” Fiscal Q2 2025 Financial and Operational Results (compared to Fiscal Q2 2024) Revenue decreased by 17% to $11.5 million compared to $13.8 million. The following table presents the Company’s revenue, both per-subsidiary and total: Aspen University's (“AU”) revenue decline of $2.5 million, or 35%, reflects the completion of the teach-out of the pre-licensure program and lower post-licensure enrollments in prior quarters as a result of the decrease in marketing spend initiated in late Fiscal Q1 2023. The active student body at AU decreased by 33% year-over-year to 3,827 at October 31, 2024 from 5,679 at October 31, 2023. United States University (“USU”) revenue was up 2% compared to the prior period. MSN-FNP program enrollments decreased in the quarter due to lower marketing spend initiated in late Fiscal Q1 2023. Lower enrollments were offset by higher revenue per student driven by more students entering their second year of the MSN-FNP program, which includes clinical rotations, and by tuition increases. The active student body at USU decreased by 6% to 2,560 at October 31, 2024 from 2,733 at October 31, 2023. GAAP gross profit decreased 7% to $8.1 million compared to $8.7 million primarily due to the overall student body decrease of 24%. Gross margin was 71% compared to 63%. AU's gross margin was 67% versus 61%, and USU's gross margin was 74% versus 67%. The increase in gross margin is the result of lower instructional costs from completing the AU Pre-licensure BSN program teach-out, increased efficiencies in USU’s instructional operations and lower marketing spend. AU instructional costs and services represented 26% of AU revenue, and USU instructional costs and services represented 23% of USU revenue. AU marketing and promotional costs represented 1% of AU revenue, and USU marketing and promotional costs represented 1% of USU revenue. In Fiscal Q2 2025 and year-to-date Fiscal 2025, our bottom line was materially impacted by a $4.9 million non-cash right-of-use assets and tenant leasehold improvements impairment charge. The charge is the result of the fact that AU is no longer able to utilize space for BSN Pre-licensure operations due to the completion of the teach-out. The charge represents the entirety of the remaining impairment exposure due to the teach-out. The impact of the charge to our operating expenses, net loss and EBITDA is presented in the following table: _____________________ NM – Not meaningful The following tables present the Company’s net income (loss), both per subsidiary and total: The following tables present the Company’s Non-GAAP Financial Measures, both per subsidiary and total. See reconciliations of GAAP to non-GAAP financial measures under “Non-GAAP – Financial Measures” starting on page 5. Adjusted EBITDA improved by $0.5 million due to the reduction in instructional costs and services related to the teach-out of the pre-licensure program, increased instructional efficiencies at USU and a decrease in general and administrative costs attributed to our restructurings. Operating Metrics New Student Enrollments Total enrollments for AGI decreased 30% from Fiscal Q2 2024 but increased 15% sequentially, despite the reduction in internet advertising spend across all programs to maintenance levels. The sequential increase in enrollments reflected an unusually strong month of August as prospective students enrolled prior to an annual tuition increase which took effect in September 2024. New student enrollments at AU decreased 37% year-over-year and at USU decreased 19% year-over-year. The new student enrollment decrease year-over-year was primarily impacted by our reduction in marketing spend. We anticipate the resumption of marketing spend in late Fiscal 2025 at a level necessary to provide enrollments needed to grow the student body and allow for the generation of positive operating cash flow. New student enrollments for the past five quarters are shown below: Total Active Student Body AGI’s active degree-seeking student body, including AU and USU, declined 24% year-over-year to 6,387 at October 31, 2024 from 8,412 at October 31, 2023. AU's total active student body decreased by 33% year-over-year to 3,827 at October 31, 2024 from 5,679 at October 31, 2023. On a year-over-year basis, USU's total active student body decreased by 6% to 2,560 at October 31, 2024 from 2,733 at October 31, 2023. Total active student body for the past five quarters is shown below: Nursing Students Nursing student body for the past five quarters is shown below . Liquidity The Fiscal Q2 2025 ending unrestricted cash balance was $0.8 million. The following three factors will help us continue to stabilize operating cash flow in the second half of Fiscal 2025. First, effective August 16, 2024, AU transitioned from the Heightened Cash Monitoring 2 (HCM2) to the Heightened Cash Monitoring 1 (HCM1) method of receiving student financial aid payments from the U.S Department of Education. This transition allows AU to disburse student financial aid using institutional funds and immediately draw down reimbursement by submitting disbursement records, eliminating payment delays and resulting in more consistent unrestricted cash balances. Second, we renegotiated the 15% Senior Secured Debentures in November 2024, reducing ongoing principal payments and changing the timing of principal payments from monthly to quarterly. Finally, the Company initiated a fourth restructuring late in the fourth quarter of calendar 2024, projected to reduce annual operating expenses by over $1.5 million. Cost reductions associated with the four restructuring plans and other corporate cost reductions were implemented to ensure that the company will have sufficient cash to meet its working capital needs for the next 12 months. Non-GAAP – Financial Measures This press release includes both financial measures in accordance with Generally Accepted Accounting Principles, or GAAP, as well as non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with GAAP. Non-GAAP financial measures should be viewed as supplemental to, and should not be considered as alternatives to net income (loss), operating income (loss), and cash flow from operating activities, liquidity or any other financial measures. They may not be indicative of the historical operating results of AGI nor are they intended to be predictive of potential future results. Investors should not consider non-GAAP financial measures in isolation or as substitutes for performance measures calculated in accordance with GAAP. Our management uses and relies on EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin, which are non-GAAP financial measures. We believe that management, analysts, and shareholders benefit from referring to the following non-GAAP financial measures to evaluate and assess our core operating results from period-to-period after removing the impact of items that affect comparability. Our management recognizes that the non-GAAP financial measures have inherent limitations because of the excluded items described below. We have included a reconciliation of our non-GAAP financial measures to the most comparable financial measures calculated in accordance with GAAP. We believe that providing the non-GAAP financial measures, together with the reconciliation to GAAP, helps investors make comparisons between AGI and other companies. In making any comparisons to other companies, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to the specific definition being used and to the reconciliation between such measure and the corresponding GAAP measure provided by each. AGI defines Adjusted EBITDA as EBITDA excluding: (1) bad debt expense; (2) stock-based compensation; (3) severance; (4) impairments of right-of-use assets and tenant leasehold improvements and (5) non-recurring (income) charges. The following table presents a reconciliation of net income (loss) to EBITDA and Adjusted EBITDA and of net income (loss) margin to the Adjusted EBITDA margin: The following tables present a reconciliation of Net income (loss) to EBITDA and Adjusted EBITDA and of Net income (loss) margin to the Adjusted EBITDA margin by business unit: ___________________ NM – Not meaningful Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including the impact of our operating and debt restructurings, results of our resumption of marketing spend, and our liquidity. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. The results anticipated by any or all of these forward-looking statements might not occur. Important factors, uncertainties and risks that may cause actual results to differ materially from these forward-looking statements include, without limitation, the impact from our fourth restructuring plan, the effectiveness of our future marketing, our ability to sublease our remaining leases other than our executive offices and necessary space used by AU and USU, the continued high demand for nurses for our new programs and in general, student attrition, national and local economic factors including the labor market shortages, and competition from other online universities including the competitive impact from the trend of major non-profit universities using online education. . We undertake no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise. About Aspen Group, Inc. Aspen Group, Inc. is an education technology holding company that leverages its infrastructure and expertise to allow its two universities, Aspen University and United States University, to deliver on the vision of making college affordable again. Investor Relations Contact Kim Rogers Managing Director Hayden IR 385-831-7337 Kim@HaydenIR.com GAAP Financial Statements The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the accompanying consolidated balance sheet to the total amounts shown in the accompanying unaudited consolidated statements of cash flows:“Mansplaining” Moment On Korean TV Show Goes ViralKate Middleton's brother James praises his 'incredible' sister in sweet tribute ahead of her Christmas Eve carol concert Royal Carols: Together At Christmas will air at 7:30pm on Christmas Eve READ MORE: Someone who looks VERY familiar is spotted at Kate's Christmas carol concert as nation prepares to tune in for show after her cancer recovery By ELEANOR DYE Published: 19:13, 24 December 2024 | Updated: 19:17, 24 December 2024 e-mail 10 View comments The Princess of Wales's brother James has shared a sweet tribute to his sister ahead of her annual Christmas Eve carol concert this evening. The entrepreneur, 37, who is Kate's younger brother, has thrown his support behind his sister as she returns to screens on ITV after an incredibly tough year, in which she completed preventative chemotherapy treatment for cancer. Taking to his Instagram account on Tuesday, James shared a picture of the concert's programme - which is illustrated with a picture from author Charlie Mackesy, alongside a touching message. In his post, James praised his 'incredible sister' for sharing a 'very powerful' message through her annual service. He also shared a quote from Kate, which read: 'At Christmas, and throughout the year, we must all shine for each other. Because in times of joy and sadness, we are all each other's light.' He added: 'A very powerful message from my incredible sister at a special time of year. Merry Christmas to you all.' During the concert, an adorable moment between the Princess of Wales and her youngest child was captured on film - with six-year-old Prince Louis apparently offering his mother reassuring words of comfort, according to a leading lip reader. In the footage, the young royal is seen arriving at Kate's Christmas carol concert at Westminster Abbey armed with a sweet note to hang on the 'kindness tree' outside the historic London church. The Princess of Wales's brother James has shared a sweet tribute to his sister ahead of her annual Christmas Eve carol concert this evening. Pictured: The Princess of Wales during the service, which is due to air tonight James Middleton and his wife Alizee attending the service at Westminster Abbey on December 6 Families gathered on Christmas Eve are in for a regal treat when the Together at Christmas concert, which took place at Westminster Abbey earlier this month, airs at 7:30pm on ITV1 and ITVX this evening. And Prince Louis, who has routinely stolen the limelight with his comical appearances at royal events, this time stole hearts. Expert lip reader Nicola Hickling has claimed what she thinks the young Prince is seen saying to his mother on one of her first major public appearances following treatment for cancer. Hickling suggests the young boy told the Princess of Wales at the service: 'We're looking out for each other.' As Louis strolled into the Princess' fourth annual concert alongside his father, Prince William, and his siblings, Prince George, 11, and Princess Charlotte, nine, the family are seen in the video quietly observing some of the red notes hung on the festive fir. And then the young prince steps forward to hang his own red tagged note, a special thank you to his maternal grandparents. The Middletons have thrown their support behind Kate throughout her cancer diagnosis. James and Kate pictured together as children Taking to his Instagram account on Tuesday, James shared a picture of the concert's programme - which is illustrated with a picture from author Charlie Mackesy, alongside a touching message In his post, James praised his 'incredible sister' for sharing a 'very powerful' message through her annual service A festive note for granny and grandad: Prince Louis, six, is seen hanging a note to his maternal grandparents on the 'kindness tree' at Westminster Abbey at Kate Middleton's carol concert The young royal clutched onto a note (pictured) that read: 'Thank you for granny and grandpa because they have played games with me Close bond: Lip Reader Nicola Hickling told The Sun what she thinks the Prince is seen saying to his mother as they stand together in church, claiming the young royal tells Kate 'We're looking out for each other.' Earlier today, the Princess of Wales, 42, posted a teaser of what viewers can expect at this evening's carol service, including an emotional message saying 'we are all each other's light' The new montage, posted today, sees footage from the service, which will air tonight, shared with the Prince and Princess of Wales' 16.8million Instagram followers The Princess of Wales makes an impassioned ask for the nation to 'shine for each other' in the short clip, which features her three children, from left Louis, Charlotte and George, arriving at Westminster Abbey together The handwritten festive card reads: 'Thank you for granny and grandpa because they have played games with me'. Lip reader Hickling told The Sun newspaper that the moment between mother and son was clearly a treasured one. Elsewhere, the Princess of Wales has told the nation that 'we must all shine for each other' in an emotional address posted on social media ahead of her carol concert tonight. Families gathered on Christmas Eve are in for a regal treat when The Princess of Wales' concert, which took place at Westminster Abbey earlier this month, airs this evening. And Kate offered a taster of what viewers can expect tonight with a video montage posted to the Wales' Instagram account, calling the concert, filled with royal and celebrity faces, 'a heartfelt celebration'. The short clip sees moments from the service including those who attended admiring Christmas messages on a 'kindness tree' outside the Abbey, the Princess chatting with youngsters before the service and teenage musicians playing instruments as the crowds entered. The message, posted to the Prince and Princess of Wales' 16.8million followers this afternoon, said the service reflects 'upon the importance of love and empathy'. It is the fourth time the royal has held the annual festive concert - but this year's is particularly poignant as the 42-year-old royal continues her recovery from cancer ; Prince William has described 2024 as 'probably the hardest year of my life'. The three siblings hold our traditional candles as they make their way to their seats in Westminster Abbey A festive handshake: The new video montage shows the Princess of Wales shaking hands with a young attendee of the service Kate's impassioned voice over thanks 'inspiring' people 'embracing those in need', saying: 'This carol service is a heartfelt celebration of everyone of you.' The royal continues, adding: 'It's a reminder that at Christmas and throughout the year we must all shine for each other because in times of joy and sadness, we are all each other's light'. Filmed earlier this month on December 6th, Royal Carols: Together At Christmas will air at 7:30pm on Christmas Eve on ITV1 and ITVX, with the princess joined by William, 42, and the couple's three children Prince George, 11, Princess Charlotte , nine, and Prince Louis , six. The concert marked one of the few times the mother-of-three has made a public appearance this year, after undergoing a course of preventative chemotherapy in the first half of 2024. Kate (pictured left) hosted her fourth 'Together at Christmas ' concert at Westminster Abbey at the start of December, with members of the royal family including Prince William and the Wales children Prince George, Prince Louis and Princess Charlotte in attendance Kate has been described as being ‘hands on’ over every aspect of the service, including holding regular planning meetings at Windsor ahead of filming. On the day the service was filmed, the Princess arrived on her own at 4pm to view the abbey and oversee last minute arrangements. However, the supportive royals have also helped Kate bring her ideas together, with everyone from King Charles , who donated Christmas trees, and Prince Louis, who penned a sweet note, helping to make the service a seasonal success. Royal fans will see the Princess of Wales looking elegant in an Alexander McQueen red coat, featuring a statement black bow, which she teamed with black Ralph Lauren boots for the festive occasion . The event, which was attended by 1,600 people will 'reflect upon...how much we need each other, especially in the most difficult times of our lives' Here, FEMAIL looks at everything we know so far about the regal yuletide service... HOW THE SERVICE WILL UNFOLD The service will, Kensington Palace said, 'shine a light on individuals from all over the UK who have shown love, kindness and empathy towards others in their communities'. 'It's been a focal point for her, as it is each year,' a source added. Combining traditional and modern elements to encompass people of all faiths and none, the service will see the world-renowned Westminster Abbey choir perform some of the nation’s most beloved carols, alongside musical performances by guests including Olivia Dean, Gregory Porter, Paloma Faith and JP Cooper, as well as a specially composed piece by pianist Rosey Chan. Guests will also watch a specially curated performance by two Soloists from The Royal Ballet and students from The Royal Ballet School. The event takes place at Westminster Abbey During the service, poignant readings linked to the theme of love and empathy will be delivered by speakers including The Prince of Wales, Olympian Adam Peaty OBE, Sophie Okonedo CBE, Michelle Dockery and Richard E. Grant. Alongside this, candles will be lit by notable people linked to the theme including Lindsey Burrow, Sir Chris Hoy MBE, and teammate Paralympians Lizzi Jordan and Danni Khan. Nodding to the importance of nature as a source of healing and comfort, the Abbey will be adorned with sustainable, festive decorations and foliage, providing a beautiful Christmas backdrop for the Service. This year a ‘Kindness Tree’ will be situated outside the Abbey for guests to dedicate a decoration to someone who has supported them throughout their life, highlighting the importance of empathy, love and kindness to us all. 'In addition, guests waiting to enter the Abbey, will be treated to 2 music by young performers, including a 25-piece steel pan band and jazz ensemble from Restore the Music, a nationwide charity funding music education for young people DRESS TO IMPRESS: THE PRINCESS OF WALES' OUTFIT A vision in festive red: Kate Middleton donned a couture coat by Alexander McQueen with a red tartan skirt The Princess of Wales finished her look with Mulberry Amberley Baroque Pearl Earrings and a £110 Gold Plated bangle by British brand Halcyon Days Wearing a highly festive Alexander McQueen red coat, with a large statement black bow, which she teamed with her black Ralph Lauren boots for the occasion. Looking typically stylish for the outing, Kate completed her festive ensemble with a red check skirt, her Mulberry Amberley Baroque Pearl Earrings and a £110 Gold Plated bangle by British brand Halcyon Days. The bangle is thought to have been a birthday present from Prince William in 2020, and features a subtle nod to Princess Diana as it's called 'the Salamander Torque Forget-Me-Not & Gold Bangle ' - named after the late royal's favourite flower. Showcasing her stylish prowess, Kate kept her brunette locks in soft waves and added to her features with a smattering of glamorous makeup . FROM ZARA TO BEATRICE: WHICH ROYALS ATTENDED THE SERVICE? The Prince and Princess of Wales and their children, Prince George, Prince Louis and Princess Charlotte, arrive for the Together At Christmas carol service A host of royal family members will be spotted by eagle-eyed viewers when the concert airs, as many of the Windsors turned out to support the Princess of Wales. The princess was, of course, joined by William, 42, and the couple's three children Prince George, 11, Princess Charlotte, nine, and Prince Louis, six. The entire Middleton family too, who have been Kate's dedicated support network throughout her recent illness, was also out in force. The King and Queen, however, were not amongst the guests, with the filming coinciding with Camilla's ongoing recovery from a viral chest infection. The royal appeared to arrive at the event without her husband Mike Tindall, or the couple's three children, Mia Grace, Lena Elizabeth and Lucas Philip Sophie Winkleman and Lord Frederick Windsor also showed their support for Kate Princess Michael of Kent looked stunning in a red ensemble Zara Tindall , without her husband Mike or children Mia, Lena and Lucas, accompanied Princess Beatrice , who is pregnant with her second child, and her husband Edo Mapelli Mozzi and his young son Wolfie. Zara, the daughter of Princess Anne , looked sensational in a velour trouser-suit the colour of burgundy, alongside matching heels and a gold bag. And Beatrice picked a monochromatic burgundy ensemble, holding the hand of eight-year-old Wolfie as the family walked walked into Westminster Abbey to take their place among the 1,600-person strong congregation. A FAMOUS ILLUSTRATOR BEHIND THE ORDER OF SERVICE The cover for the Order of Service has been designed by British illustrator Charlie Mackesy and bears a powerful message of hope - as Kate returns to public life after completing her cancer treatment earlier this year A bespoke illustration by British artist Charles Mackesy - which embodies the service's themes of kindness, love and empathy - will be featured on the Order of Service. The image depicts a snowy scene with a group of people walking arm in arm towards Westminster Abbey, accompanied by the words 'How did I help? You were by my side, which was everything.' Mackesy is known for his bestselling book The Boy, The Mole, The Fox And The Horse - which was published in 2019 and celebrates themes of kindness and friendship . He said: 'Love, empathy and kindness are important messages for us all. 'As the theme of The Princess of Wales' Carol Service this year, it was very special to have been asked to create the illustration for the Order of Service. I hope it reminds us of the beauty of being there for each other at Christmas.' Alongside the Order of Service, each guest will receive a special letter from the princess thanking them for all they have done to provide comfort and hope to those in need, telling them 'Love is the light that can shine bright, even in our darkest times'. MOTHER-AND-SON: A TENDER MOMENT BETWEEN KATE AND LOUIS The Princess of Wales and Prince Louis shared a very sweet moment in the first glimpse of the royals inside her 'Together At Christmas ' carol concert In a clip released by ITV ahead of the full service airing on Christmas Eve, the Princess of Wales and Prince Louis were seen sharing a very sweet moment as British actress Sophie Okonedo read a poem, The Kindness Of Trees. As the actress, 56, read the poem, the camera panned to the audience to show the royals listening attentively. In a heartwarming moment, the youngest Wales sibling, six-year-old Prince Louis appeared to be looking at his mother Kate to gauge her reaction. Kate has released another sneak peak at the service, showing British actress Sophie Okonedo reading a poem, The Kindness Of Trees As the royals listened to poem The Kindness Of Trees, Louis looked up at his mother to see her reaction Smiling down at him, the two shared a loving glance before continuing to listen to the poem. Princess Charlotte, nine, meanwhile appeared to be closely following along to the poem on her Order Of Service sheet, smiling as she did so. Next to her, Prince William and Prince George, 11, were focused on listening to Sophie, as the Hotel Rwanda star read: 'The tree roared in the wind in the dead midwinter night / 'The tree blew a hello, goodbye, when every child was asleep in bed, the tree sung a lullaby.' STAR-SPOTTING: CELEBRITIES WHO ATTENDED The Princess of Wales has also called upon a host of famous faces to help pull together her annual service. Hannah Waddingham led the pack as she stepped out in a floral dress that she teamed with a burgundy coat slung over her shoulders. The Ted Lasso star, 50, was joined by her 10-year-old daughter Kitty for the carols. During the concert, poignant readings linked to the theme of love and empathy will be delivered by speakers including Olympian Adam Peaty OBE, Sophie Okonedo CBE, Michelle Dockery and Richard E. Grant. Alongside this, candles will be lit by notable people linked to the theme including Lindsey Burrow, Sir Chris Hoy MBE, and teammate Paralympians Lizzi Jordan and Danni Khan. Hannah Waddingham attends the 'Together At Christmas' Carol Service at Westminster Abbey dressed in a black floral print dress Sir Chris Hoy and his wife Sara looked in high spirits at Westminster Abbey Giovanna Fletcher and Tom Fletcher walk hand in hand as they arrive for Kate Middleton's carol concert Susanna Reid is snapped wearing a burgundy velvet pantsuit with glitzy heels Also dressed to impress was Paloma, who exuded glamour in a scarlet gown with puffed sleeves and intricate embroidery detail Others in attendance included GMB host Susannah Reid and another ITV breakfast star, Lorraine Kelly, who wore a coat made from Scottish tartan. Also dressed to impress was Paloma Faith, who exuded glamour in a scarlet gown with puffed sleeves and intricate embroidery detail. Sticking with an all-red theme, the singer even donned scarlet tights and accessorised with slingback heels and gloves. Strictly's Amy Dowden also looked chic in all-red, pairing a fitted jumpsuit with a longline coat and stiletto heels. Olympic cycling champion Sir Chris Hoy, who is terminally ill with prostate cancer, lit a candle as did Lindsey Burrow, the wife of former rugby league star Rob Burrow who died in June following a much-publicised battle with motor neurone disease. 'REFLECT AND SLOW DOWN': KATE'S FESTIVE MESSAGE The service will begin with a voice over message by the Princess of Wales, in which she asks The broadcast of Kate's service will open with a special festive message from the royal, in which she talks about the importance of love and empathy. The Princess of Wales has called for people to 'slow down and reflect on the deeper things that connect us all' and turn to 'love, not fear'. Her heartfelt message - which was given in a letter to every guest at the concert on December 6, and 15 regional community services and will be a voice over played at the start of the concert - was also shared in a clip from the upcoming broadcast. Kate says: 'Christmas is one of my favourite times of the year, it is a time for presents, tinsel and mince pies, but it's also a time to slow down and reflect on the deeper things that connect us all. 'It is when we stop and take ourselves away from the pressures of daily life, that we find the space to live our lives with an open heart, with love, kindness and forgiveness, so much of what the Christmas spirit is all about. A letter from The Princess of Wales for the 2024 Together at Christmas Carol Service The Princess of Wales has called for people to 'slow down and reflect on the deeper things that connect us all' and turn to 'love, not fear' in the opening for her annual carol concert 'The Christmas story encourages us to consider the experiences and feelings of others. It also reflects our own vulnerabilities and reminds us of the importance of giving and receiving empathy, as well as just how much we need each other in spite of our differences. Above all else, it encourages us to turn to love, not fear.' Kate continues: 'The love that we show ourselves and the love we show others. Love that listens with empathy, love that is kind and understanding, love that is forgiving, and love that brings joy and hope. 'It is love which is the greatest gift we can receive, not just at Christmas but every day of our lives. PRINCE LOUIS' SWEET NOTE OF SUPPORT Prince Louis gripped onto a sweet handwritten note as he arrived at his mother's carol concert at Westminster Abbey this evening. As the six-year-old royal walked into the Together at Christmas event alongside his father, Prince William, and his siblings, Prince George, 11, and Princess Charlotte , nine, he held onto a special thank you note. Prince Louis and the Princess of Wales during the Together At Christmas carol service at Westminster Abbey The young royal clutched onto a note (pictured) that read: 'Thank you for granny and grandpa because they have played games with me The Prince and Princess of Wales and their children, Prince George, Prince Louis and Princess Charlotte, arrive for the Together At Christmas carol service 'Thank you for granny and grandpa because they have played games with me,' the special message read. The young royal, who is known for his cheeky tendencies, shares a close bond with Michael and Carole Middleton . He carried the note to add to a 'kindness tree', as guests had been invited to write the name of someone who had helped them this year on red card to decorate the tree. A GIFT FROM THE KING: CHARLES DONATED TREES FOR THE SERVICE The King and Queen were not amongst the guests at the concert, but Charles did donate Christmas trees from Windsor Great Park to decorate the building, which will later be donated to the local community. Kate Middleton Prince William Royals ITV Share or comment on this article: Kate Middleton's brother James praises his 'incredible' sister in sweet tribute ahead of her Christmas Eve carol concert e-mail Add comment
Gophers football continues to restock offensive linemen for 2025Political stability is a must for economic stability of the country and all segments of society would have to play their role for this national cause. LAHORE, (UrduPoint / Pakistan Point News - 24th Dec, 2024) Political stability is a must for economic stability of the country and segments of society would have to play their role for this national cause. Former parliamentarian and Naib Ameer Jamat-e-Islami (JI) Liaquat Baloch expressed these views at a dinner hosted in honor of office-bearers and Executive Committee members of of Commerce and Industry ( ), according to the 's spokesman here Tuesday. There was an in-depth of ideas concerning a wide array of national issues with a particular focus on trade, industrial growth, ’s economic challenges and the ongoing political instability that has impacted the country’s development. Former EC member Arshad Chaudhry, Chairman Veterinary Pharmaceuticals Association Dr. Asim Mahmood, Chairman Meat Exporters Association Mian Abdul Hanan, Chaudhry Mohsin Bashir, Asim Shafiq Sheikh, Ijaz Tanvir, Zulfiqar Bhatti also spoke on the occasion. There was a long discussion between Senior Vice President Engineer Khalid Usman and Liaquat Baloch as they explored ways to revive ’s ailing economy. Both leaders recognized the critical need for coordinated efforts both the public and private sectors to address the nation’s financial struggles. Liaquat Baloch said that the private sector plays a pivotal role in ’s economic recovery and long-term prosperity. He underscored the importance of creating an environment where businesses could thrive without being stifled by bureaucratic inefficiencies and economic instability. “The community is the backbone of our economy. Ensuring their growth and providing them with the necessary support will be key to driving the nation’s economic revival,” he added. Highlighting key economic obstacles and urging comprehensive reforms, Engineer Khalid Usman cited several critical obstacles currently hindering ’s industrial growth. Among these were recurring energy shortages, outdated taxation systems, and inconsistent policies, of which hamper expansion. He stressed the need for far-reaching reforms in these areas to foster a more business-friendly climate and to make the country more attractive to both local and foreign investors. “The challenges faced by the sector are not only hindering economic growth but also undermining investor confidence. For to experience sustainable economic , we must address the systemic issues within our policies, especially those affecting trade, , and industrial production,” Engineer Usman stated. Both leaders agreed on the necessity of policies which would encourage , improve the ease of doing , and address supply chain bottlenecks affecting industrial output. A central theme during the discussions was the impact of political instability on ’s economic development. Liaquat Baloch emphasized that political and stability are indispensable for the effective of national challenges and the creation of a conducive environment for . The Executive Committee members advocated for pro-business policies and fostering greater dialogue between the and the private sector. They expressed optimism that continued discussions with political leaders would pave the way for addressing the community’s concerns and finding solutions that could to broader economic prosperity. LCCI members also discussed the potential for greater collaboration between the and political sectors in identifying key areas for investment and development, with the aim of boosting industrial growth and creating more opportunities for ’s growing workforce. They stressed that a long-term approach, focusing on collaboration and between political and leaders, is essential to overcoming the current challenges.In addition to getting J.T. Miller back in the fold , the Canucks will also have defenseman Derek Forbort in the lineup Thursday against the Panthers, head coach Rick Tocchet told Brendan Batchelor of Sportsnet 650 . He’s coming off injured reserve, which the Canucks have the roster space to do without a corresponding move. Forbort has spent most of his brief time in Vancouver on the injured list. After signing a one-year, $1.5M deal in free agency, Forbort played three games before taking a leave of absence for personal reasons. He then sustained a knee injury in his return to the lineup on Nov. 2 that did not require surgery but has nonetheless kept him out since. He began skating with the team in a regular jersey earlier this week, per Batchelor, signaling a return was imminent. The veteran shutdown presence averaged 16:30 per game when in the lineup earlier this season, posting an assist and a -2 rating. Vancouver did control 51.8% of shot attempts with Forbort on the ice at even strength, but his minutes were quantity over quality — they lost the expected goal battle 2.7 to 1.4. Before signing in Vancouver, the 2010 first-round pick had spent the last three years with the Bruins. His final season in Beantown was nothing to write home about, posting just four assists in 35 games while averaging under 18 minutes per game for the second season in a row. He joined Jake DeBrusk and Danton Heinen as UFAs who left Boston for Vancouver. Forbort will play a bottom-pairing role alongside Mark Friedman in his return to the lineup, multiple reports indicate. Erik Brännström and Vincent Desharnais are projected to be healthy scratches. This article first appeared on Pro Hockey Rumors and was syndicated with permission.
CORTE MADERA, Calif. (AP) — CORTE MADERA, Calif. (AP) — RH (RH) on Thursday reported fiscal third-quarter net income of $33.2 million. The Corte Madera, California-based company said it had net income of $1.66 per share. Earnings, adjusted for one-time gains and costs, came to $2.48 per share. The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.67 per share. The furniture and housewares company posted revenue of $811.7 million in the period, surpassing Street forecasts. Eight analysts surveyed by Zacks expected $810.9 million. This story was generated by Automated Insights ( http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on RH at https://www.zacks.com/ap/RH
New Orleans Saints vs. Green Back Packers FREE LIVE STREAM (12/23/24) | How to watch, time, TV channel for Monday Night FootballIs Outlook down? Thousands of Microsoft 365 users report outage issuesNASHVILLE, Tenn. (AP) — Coach Brian Callahan is sticking with Mason Rudolph at quarterback for a second straight game to see if the Tennessee Titans can build on the veteran who's played in four of their highest scoring games this season. Callahan said Tuesday that he thinks Rudolph earned another chance to play despite a 38-30 loss to Indianapolis. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.
Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda’s U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market. On Monday: The S&P 500 rose 43.22 points, or 0.7%, to 5,974.07. The Dow Jones Industrial Average rose 66.69 points, or 0.2%, to 42,906.95. The Nasdaq composite rose 192.29 points, or 1%, to 19,764.89. The Russell 2000 index of smaller companies fell 4.93 points, or 0.2%, to 2,237.44. For the year: The S&P 500 is up 1,204.24 points, or 25.2%. The Dow is up 5,217.41 points, or 13.8%. The Nasdaq is up 4,753.53 points, or 31.7%. The Russell 2000 is up 210.36 points, or 10.4%.
The Myer department store in Westfield Miranda has been named the company's best in NSW and the ACT. or signup to continue reading Key reasons given for the win in the internal Inspirational People Awards include delivering strong results across all KPIs (key performance indicators), exceptional store presentation and championing community team and company values. The store supports Sutherland Shire community organisation The Family Co, which provides a range of programs to help parents, children and youth. Myer Miranda has 160 employees, many of whom are long-serving and well-known to customers. With brand partners, the number of staff increases to about 250. Myer NSW general manager Brooke Blakes said the Miranda team had "delivered some fantastic nation leading results, which demonstrates their commitment to service and showcasing our store and brands in the best way". Store manager Nicole Kennedy-Browning said the team had "worked really hard to deliver the best customer service to our loyal customers", and the award was "fantastic recognition". "We were also very proud to be recognised for our involvement in the local community, particularly our engagement with The Family Co, which provides much needed support services in the Sutherland Shire." Ms Kennedy-Browning said, while they had a big job to do in the lead-up to Christmas, "we love it". "We love the adrenaline, the energy the store brings and the energy the team members have coming into Christmas," she said. Kim Turner, who has worked for Myer for more than 28 years, said, "It has been fantastic to get to know so many of our wonderful customers over that time". "The whole team are thrilled to receive this recognition, and we are determined to deliver even better results for our customers next year," she said. Liz Massaria, who joined Myer in 2011 and works in homewares, said, "We have got a lovely base of customers. They remember you, and they come and say 'hi'. "I love coming to work. It's my 'me time' when I am not with my other family. I love what I do and all the team members are lovely." St George and Sutherland Shire Leader reporter covering politics, urban affairs, council, development and general community news.Email: mtrembath@theleader.com.au St George and Sutherland Shire Leader reporter covering politics, urban affairs, council, development and general community news.Email: mtrembath@theleader.com.auIn addition to getting J.T. Miller back in the fold , the Canucks will also have defenseman Derek Forbort in the lineup Thursday against the Panthers, head coach Rick Tocchet told Brendan Batchelor of Sportsnet 650 . He’s coming off injured reserve, which the Canucks have the roster space to do without a corresponding move. Forbort has spent most of his brief time in Vancouver on the injured list. After signing a one-year, $1.5M deal in free agency, Forbort played three games before taking a leave of absence for personal reasons. He then sustained a knee injury in his return to the lineup on Nov. 2 that did not require surgery but has nonetheless kept him out since. He began skating with the team in a regular jersey earlier this week, per Batchelor, signaling a return was imminent. The veteran shutdown presence averaged 16:30 per game when in the lineup earlier this season, posting an assist and a -2 rating. Vancouver did control 51.8% of shot attempts with Forbort on the ice at even strength, but his minutes were quantity over quality — they lost the expected goal battle 2.7 to 1.4. Before signing in Vancouver, the 2010 first-round pick had spent the last three years with the Bruins. His final season in Beantown was nothing to write home about, posting just four assists in 35 games while averaging under 18 minutes per game for the second season in a row. He joined Jake DeBrusk and Danton Heinen as UFAs who left Boston for Vancouver. Forbort will play a bottom-pairing role alongside Mark Friedman in his return to the lineup, multiple reports indicate. Erik Brännström and Vincent Desharnais are projected to be healthy scratches. This article first appeared on Pro Hockey Rumors and was syndicated with permission.
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