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mnl168 apk download Telecommunications expert Paul Budde continued to produce must-read analysis during 2024, including this much-read January article on the NBN. ***** While improvements have been made to Australia's fibre broadband network, a study has revealed that users are still relying on slower download speeds. Paul Budde reports. THE GOVERNMENT'S initiative to enhance the National Broadband Network ( NBN ) has expanded eligibility for full-fibre broadband upgrades to over 3 million Australians. An additional 400,000 homes and businesses are set to benefit from this plan, as the latest list of eligible suburbs and towns has been unveiled. These newly eligible premises were previously serviced by the infamous Multi-Technology Mix , based on copper cable connections, a system concocted by the former Coalition Government. The copper network is known for its slower speeds, lower reliability, higher maintenance costs and increased likelihood of prolonged faults. In contrast, the full-fibre broadband – as it was already envisaged nearly 20 years ago – offers world-class performance, ensuring faster upload and download speeds, as well as a more reliable connection for both residents and small businesses. NBN analysis shows Australia's broadband infrastructure advancing New data shows an improvement in Australia's broadband performance while highlighting ongoing challenges for regional customers. The transition to full fibre has contributed to increased productivity savings; this can be translated to NBN users saving over 100 hours and $2,580 annually by utilising higher-speed broadband. According to NBN research , the network has generated a substantial economic uplift of $122 billion by 2022, leading to the creation of approximately 169,000 additional jobs — a 1.3% increase in Australia's labour force. By the end of December 2023, 75% of premises in the NBN fixed-line network will have the opportunity to access fibre directly to their homes, enjoying download speeds of nearly one Gbps through NBN's fastest residential plan. Upgrades will be available on-demand for eligible households or businesses opting for higher-speed plans, with no upfront installation costs. The Government's commitment to invest $2.4 billion, as outlined in the October 2022 Budget , has facilitated these upgrades, aiming to extend full-fibre access to an additional 1.5 million premises by the end of 2025. Minister for Communications Michelle Rowland emphasised the crucial role of affordable, reliable and high-speed broadband, stating that it is no longer a luxury but an essential requirement for work, learning, transactions, government services and telehealth. She highlighted the significant progress in delivering a better NBN, enabling millions of Australians to order full fibre and emphasising the economic benefits of quality broadband, including support for local manufacturing and job creation. NBN Co coming clean on underperforming broadband services NBN Co is taking steps to improve Australia's broadband network to meet consumer demands, as revealed in its latest service plan. Other interesting internet data was published by Cloudflare . Its analysis of internet download speeds in Australia reveals that 50 Mbps and 100 Mbps are dominant connection speeds, with over one-third of connections falling within these ranges. The overall average download speed for Australian users using Cloudflare 's speed test tool is 68Mbps. Cloudflare measures the real speeds that users experience, not the speed package that they purchase. The most common speed used is between 50 and 55 Mbps (close to 10% of users). A relatively low number – just above 5% – use speeds of between 90 and 95 Mbps. Other interesting findings of this study indicate that the measurements taken could indicate that alternative access methods, such as mobile broadband or fixed wireless, are used as well; this is reflected in the fact that 11.24% of results fall between 60 and 90 Mbps. Another conclusion that the study revealed was that legacy connections below 40 Mbps account for 22.33% and that 6.29% of Australian speed tests were below 10 Mbps in 2023. Less than 1% of measurements indicated people using speeds above 100Mbps and less than 0.03% use speeds above one Gbps. Interestingly, globally, Iceland leads Cloudflare 's speed test rankings with an average speed of 282.5 Mbps. In terms of mobile usage, 35.67% of traffic from Australia to Cloudflare 's platform comes from mobile devices, while 64.33% is from desktops, aligning with global trends. NBN finally gets an upgrade and hopefully we can afford it NBN Co revealed its 2024 Corporate Plan, outlining its strategies to enhance its network capabilities and improve user experiences across Australia. Paul Budde is an Independent Australia columnist and managing director of Paul Budde Consulting , an independent telecommunications research and consultancy organisation. You can follow Paul on Twitter @PaulBudde . Related Articles Labor Government promises NBN to remain in public hands NBN market sees smaller telcos gain ground NBN Co rising above challenges as demand for fibre grows NBN lags behind New Zealand in latest OECD broadband rankings It's confirmed: Fibre offers the best NBN infrastructure This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Australia License Support independent journalism Subscribe to IA. POLITICS BUSINESS CONSUMERS TECHNOLOGY NBN NBN Co fibre network download speeds Cloudflare Michelle Rowland Multi-Technology Mix Coalition 2022 Budget internet speed Share Article

Defence argues evidence too thin in Ottawa neo-Nazi terrorism trialLast April on a cool night in Dubrovnik, Croatia, Mumford & Sons played to a packed ballroom not far from the Mediterranean. It was the band’s first time performing in the country, but only those who got the invite knew the concert was even happening: The show was a private event put on for employees of a major tech company, which also footed the bill. Corporate performances like these occupy a small but flourishing niche of the live events industry, with companies of all sizes lining up to book current superstars, legacy acts and emerging artists to play their conferences, retreats, holiday parties and more. These shows come with paydays ranging from merch trades to millions of dollars, with most big-name artists rarely receiving less than $50,000 per show. There can also be strings attached, as artists who play these shows work within corporate structures where expectations can be different from the standard festival appearance. “I’ve been involved with a Snoop Dogg private show before and the client was like, ‘He can’t smoke weed,’” says corporate event producer and talent buyer Elana Leaf . “It was like, ‘He’s going to smoke weed. That’s just the way it is.’” This past year has been a strong one for corporate events, with this area of the industry not only finally back in full swing following the pandemic but reaching new heights. Beyoncé set a new precedent for these types of performances in January 2023 when she reportedly received $24 million to play the opening of a luxury resort in Dubai. This past July, the wedding of the son of Indian tech billionaire Mukesh Ambani, which made headlines for its opulence, included a performance by Rihanna . Sources with knowledge of this sector say that upon seeing these big performances and paychecks, more artists have been requesting to play corporate shows. Based in Los Angeles, Leaf has been producing corporate concerts for events for nearly 15 years, working with companies ranging from family offices to international conglomerates to the city of Miami Beach. Regardless of size, though, the process of finding the right artist for each event is the same. “To start, you have to have a dialogue with the client about who’s coming to the event,” says Leaf. “Age is important, economic level is important. Before you start suggesting artists, you’ve got to know who they’ll be playing for.” Once the guest list is hashed out, Leaf and her client create a list of artists they think will fit the desired vibe. Leaf once produced a Super Bowl party for a media company at a private residence in Malibu, so it made perfect sense when she and the client booked The Beach Boys to sing “Surfin’ Safari” and other beachy hits while the crowd gazed out at the Pacific. But the client isn’t necessarily always after a huge star. “A lot of companies come to us and ask if we can activate their entire conference, convention or event,” says Channing Moreland , co-founder of the app EVA, which registers emerging artists (along with speakers, celebrities and more) and corporate clients in search of entertainment and uses technology to match them for events. “Maybe there’s a place to have that closing night headlining show, but we also see [local and emerging artists playing] registration areas, general sessions, interactive experiences. There are so many opportunities to engage.” Of course, not all artists are inclined to play corporate shows. “Some might think it’s selling out, or some might think they’re not going to be taken care of in the same way on-site at a private show as they would be by a promoter,” says Leaf. As such, she says good professional relationships and enticing, often creative offers are even more important in this area of the industry, as agents must be able to assure their client that the gig will be comfortable, worthwhile and valuable (or at the very least neutral) to their brand. (Most of the big talent agencies have departments focused solely on private shows like these.) Naturally, money is a crucial part of the conversation, although the rate a company can offer isn’t always related to its size. “The good agents know that even though I’m coming in with a major tech company, that doesn’t necessarily equate to having the dollars,” says Leaf. “Sometimes smaller companies that really want to move the needle for their brand profile will come in with bigger cash offers, along with really creative ways to sweeten the pot.” “Sweetening the pot” may involve flying the artist and their entourage to the show on the company’s private jet, or providing luxury accommodations and other perks. Sometimes an artist is simply eager to travel to an exotic destination where they might not otherwise tour. Or a company might make a donation to an artist’s charity of choice — an especially attractive option for corporations that can use this as a charitable giving tax write-off. For one corporate client, Leaf was able to get their artist of choice involved by offering the artist the opportunity for their newly launched liquor brand to be the featured liquor at the event itself. “That’s what got them through the door,” she says. But no matter the size of the artist, getting the gig (and the paycheck) can also involve agreeing to unusual requests. These can include morality clauses in which an artist must agree to omit curse words that may be in their lyrics. “You sometimes have to tell the artist they need to perform radio edits, which can be a challenging conversation,” says Leaf, who also recalls certain clients asking for approval of what an artist wears onstage. (Though “as a buyer, I will not push that,” she says. “Artists need to be artists, and what they wear is part of their art.”) However, rising artists who are often more eager for exposure and a cash infusion may be more amenable to such requests. “We know that you can’t just have someone get up on stage and start asking for tips, or cussing, or going through the buffet line,” says EVA co-founder Makenzie Stokel . “You need people that know this isn’t their party, but they’re going to make five or 10 times more than what they’d make at a bar gig.” For Moody Jones, who DJs corporate events around the world and is also GM of dance music at EMPIRE, these gigs often have completely different goals than his regular club sets. “Your role is to get people’s heads nodding, and that’s as much as it goes,” he says. At a recent event he played for YouTube, “The mandate was, ‘We need an artist who doesn’t need the spotlight on them,’” he recalls. “It was a team-building event, so the last thing they wanted was for people to only be paying attention to the music. No one should be Shazam-ing anything.” For most artists — and certainly the biggest ones — all the details about what they will and will not do are hashed out in the contract. “With the big agencies, once you’re contracted, the creative and business terms are set in stone not only to protect the artist but so there’s no ambiguity with my client,” says Leaf. Thus, every element — from what a company wants an artist to say (or not say) while onstage to whether or not they’ll take photos with execs in front of the company logo, to backstage meet and greets and providing signed merchandise — is determined ahead of time. Leaf says these discussions often focus on if and how an artist will interact with a company’s product, whether that’s a cell phone, branded decor clothing item or other object. “It’s not always easy or appropriate-feeling to ask the artist to pick up a mobile device and carry it around,” says Leaf. “You have to work with the production company and the brand to figure out ways to seamlessly integrate the product. A lot of times you have agents and managers who are like, ‘They’re absolutely not going to touch the product.’” But given the rise of influencers, Leaf says brands have gotten “significantly more strategic” with devising product interactions that feel natural. Generally, a company doesn’t ask for sign-off on an artist’s setlist, although negotiations can be more nuanced when dealing with legacy acts. “People want to hear the hits,” says Leaf. “They don’t necessarily want to hear new music, but sometimes it’s hard to say they can’t play new stuff they’re working on.” She says in situations like these, it’s necessary to have conversations with the client and artist to settle on a mix of music everyone feels good about. Generally, say Stokel and Moreland of EVA, there’s been an uptick in corporate show requests following the pandemic as “companies are wanting more unique in-person engagements for people to really connect... Companies are asking, ‘How can we get them up and moving? How can we have a hit songwriter tell a story that feels like a keynote and is tied to music and drives emotion?” They say the return on investment on events is higher for companies when they offer more engaging programming. After connecting over their love of live music as students at Nashville’s Belmont University, Moreland and Stokel created EVA to cater to rising artists. They found that companies often wanted local talent to make events feel authentic but didn’t know where to look. And the artists they knew were interested in making money from corporate gigs to help them pay for studio time, touring and life expenses. They launched the app in 2019, quickly booking corporate events for ESPN, BMW and Arby’s. EVA has since grown to 10 employees and launched in Nashville, Austin, Dallas, Chicago, Atlanta, New Orleans, Charlotte and New York. Notably, the company provides artists with the backend requirements necessary to play a corporate show. “These entertainers don’t carry $5 million in insurance, and to work with Amazon you have to have a certain level of COI,” says Moreland. “There has to be tax management, invoicing, payment processing, contracting and it has to be done at a certain level. That’s really what we unlocked.” For some artists, the appeal of playing these shows also comes down to networking. Jones of EMPIRE recently played a robotics conference, an offer that gave him the chance to perform for “a room filled with people who are so ambitious and whose brains work in ways I’ve never thought of,” he says. Such gigs “might not do much for my status,” he continues, “but the people I meet there might open up my mind.” Generally, corporate events also carry less pressure, as the artist isn’t responsible for selling tickets or drawing an audience. “Like, I’m not bringing any more people to a robotics event,” Jones adds. Not every act is built for these kinds of shows. “I think what stops a lot of artists from playing corporate gigs is ego because you’re not the center of attention,” Jones continues. “Or they just don’t have the confidence for it, because playing a sober event where everyone can see one another takes a different stage presence from being in a dark club with my sunglasses on smoking a vape and taking shots.” The artists who do thrive in this world, however, can really hustle while also meeting interesting people and making a lot of money. “ Pitbull is a corporate juggernaut,” says Leaf. “He’s known to do great corporates and he just crushes across demographics.” She says Lionel Richie , Sheryl Crow and Dave Matthews Band are also active in this space given that their music is so broadly appealing. Other times, companies want to create prestige by booking the hottest niche artist of the moment. At events like SXSW or CES, where attendees have many options for how to spend their time, Leaf says companies “want to book a cool artist, because you want to be the cool party.” But ultimately the end goal is the same, regardless of who’s playing. “You want guests to walk away with an experience that’s special and doesn’t feel corny,” says Leaf. “Obviously the audience knows the artist was paid to be there, but you want it to feel authentic and like the artist wanted to be there — paid or not.”

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Firefighters responded to Destiny USA in the afternoon for reports of smoke at Finish Line. Greta Stuckey Greta Stuckey | gstuckey@syracuse.com Syracuse, N.Y. — Syracuse firefighters responded to the Destiny USA mall Monday afternoon after smoke was reported in a store. The smoke was reported at 1:47 p.m. at the Finish Line store in the mall at Hiawatha Boulevard and Harborside Drive. Once firefighters arrived, they found a smoke odor in the stock room of the store, said Syracuse City Fire Capt. Phillip Vogt, a spokesperson for the fire department. The smoke came from a heater in the stock room, Vogt said. The store was evacuated while firefighters investigated the smoke. The rest of the mall remained open to the public. No injuries were reported. The store later reopened to the public. Crime and public safety articles Grand jury to hear testimony about Syracuse judge’s refusal to marry same-sex couple Update: Missing person alert issued for man with dementia last seen in Herkimer County canceled Train, tractor trailer collide in East Syracuse, damages truck Onondaga County needs new approach to fighting juvenile crime (Editorial Board Opinion) Early morning fire damages multi-family home in Oswego, displaces 4 people Staff writer Greta Stuckey covers breaking news. Have a tip, a story idea, a question or a comment? You can reach her at gstuckey@syracuse.com .

Asha Bhosle, known for blessing the Indian music industry with a large number of legendary songs, recently set the stage on fire by singing Tauba Tauba from the Vicky Kaushal starrer Bad Newz. An exciting video of her viral performance is now receiving immense love from netizens. New Delhi: For entertainment lovers, 2024 was full of surprises. This year turned out to be one where we witnessed some of the most unexpected collaborations and electrifying concerts. But who could have thought the year would end with such a spectacular performance that has now broken the Internet? Here, we are talking about the legendary vocalist Asha Bhosle singing Punjabi sensation Karan Aujla’s Tauba Tauba. Yes, you read that right. An astonishing video of the 91-year-old star is now going viral on social media, where she can be seen performing the popular track. The highly-circulated clip is being widely lauded by netizens for its sheer vibe and awesomeness. Have a look: “Such a legendary artist trying to adapt to the recent trends, that too at her age. It’s worth applauding,” commented one Internet user. Another wrote, “Karan Aujla, bro! There is no other award or recognition you would need anymore, my man. This is it, the legend herself.” Karan Aujla Reacts And guess what? Karan himself took note of the video and reacted with a heart-winning comment. “Am I dreaming?” he wrote. For the unversed, Tauba Tauba was part of Bollywood actor Vicky Kaushal’s comedy film Bad Newz, which also starred Triptii Dimri and Ammy Virk. The song was composed and penned by Karan as well. Upon its release, Tauba Tauba spread like wildfire on social media, garnering millions of views in no time. The song was immensely praised by fans for its foot-tapping beats and charismatic choreography. With Tauba Tauba, Karan’s fame intensified multifold, making him one of the most sought-after singers in the industry. Click for more latest Celebrity news . Also get top headlines and latest news from India and around the world at News9. Raghav Jaitly is a seasoned digital journalist with over 10 years of experience. Over the course of his career, he has worked with some of the largest news outlets in India, including Times Internet, Zee News, News18, The Hindu, Deccan Herald, Bhaskar Digital, and Jagran Group. With an extensive portfolio, Raghav covers a variety of beats, from Entertainment and Politics to Tech and Sports. In the digital journalism landscape, Raghav Jaitly has established himself as a driving force with a track record of successful storytelling.Tight race for the North Carolina Supreme Court is heading to another recountConor McGregor ordered to pay woman $360K in civil rape caseHerbal Beauty Products Market Set To Reach USD 135,897.65 Million By 2034, Driven By Growing Demand For Natural, Sustainable Skincare Solutions | Future Market Insights, Inc.

NoneHis Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has congratulated Professor Oussama Khatib for winning the Great Arab Minds Award in the Engineering and Technology category. In a post on "X", His Highness Sheikh Mohammed said, "Brothers and sisters, we celebrate scientists, thinkers, and innovators every year through the Great Arab Minds Award. After receiving thousands of nominations, we are pleased to announce the winner for this year's Engineering and Technology category." He added, "From Syria, the cradle of civilisation, and Aleppo, a city known for its history and knowledge, we honour one of its most distinguished sons, Professor Oussama Khatib. As Director of the Robotics Laboratory at Stanford University, he has made groundbreaking contributions to robotics engineering and has published over 327 scientific papers. His advanced robots have helped explore ocean depths and provided innovative solutions for humanity." Professor Khatib's achievement crowns decades of linking technological excellence with robotic engineering, integrating human intelligence with advanced robotic missions, and delivering numerous innovations and critical scientific research. Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and Chairman of the Great Arab Minds Higher Committee, held a virtual video call with Professor Khatib to congratulate him on winning the Award. Al Gergawi emphasised that Arab innovators like Khatib inspire future generations, motivating them to contribute to the region's continued impact on global civilisation. "The Great Arab Minds Award, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, celebrates brilliant Arab minds who serve as beacons of inspiration for Arab youth," Al Gergawi said. He encouraged Arab talents to be inspired by these pioneers and work toward shaping a bright future, fulfilling the ambitions of their societies, and contributing to advancing global knowledge. Professor Khatib's achievements include groundbreaking research and innovations in robotic systems, algorithms, and sensing technologies, which have significantly advanced the field, enabling robots to operate effectively in diverse environments, including healthcare, industrial automation, and deep-sea exploration. Among his remarkable achievements is the creation of the OceanOne robot, a revolutionary humanoid robot for deep-sea exploration, combining haptic feedback, stereo vision, and bimanual manipulation to replicate human skills with unmatched precision. With over 327 research studies, Professor Khatib's work bridges theoretical innovation with practical applications, transforming the robotics landscape globally. Follow Emirates 24|7 on

NoneEvery year, thousands of refugees are forced to flee their homes due to conflict, persecution, and economic hardship. In 2021, thousands of Afghan people left their homeland, following the Taliban takeover, which brought widespread violence, social, economic, and mental trauma. A two-day art exhibition, "Reflection of Home," was held at the Balochistan University of Information and Technology, in collaboration with the International Centre for Refugee and Migration Studies (ICRMS) and the United Nations High Commissioner for Refugees (UNHCR). The exhibition showcased the artwork of Afghan refugees, who expressed their thoughts on their motherland, culture, and experiences. The exhibition featured a diverse range of art pieces, including paintings, drawings, and installations. Farzana Ali, an 18-year-old Afghan artist, expressed her thoughts on female freedom and rights, highlighting the importance of education for girls. "Restrictions on girls' education have left them speechless, affecting their mental well-being," she said. Ayesha, a fresh graduate from BUITEMS, expressed her thoughts on Afghan culture, emphasizing the importance of preserving traditional practices and symbols. "We have left behind our cultural dress, which were heavy and hard to wear, but we can preserve our culture by making it simple and modifying it," she said. The exhibition also showcased the Afghan refugees' sense of love and belonging to their country. One art piece depicted a traditional Afghan bread-making scene, where bread is baked in a hole in the ground. Another piece featured the Afghan flag, symbolizing national pride and identity. Living With Type-I Diabetes: A Journey Of Resilience, Balance, And Well-being Despite facing unimaginable hardships, these refugee artists continue to create, inspire and educate Assistant Professor of the Arts Department at BUITEMS, Ms Ayesha Sadiq, praised the Afghan refugees' talent and resilience. "Refugees are often criticized, but they are talented people who don't shy away from starting small businesses. They are hardworking and determined individuals who contribute to the local economy." The "Reflection of Home" exhibition served as a powerful reminder of the Afghan refugees' cultural heritage and resilience. It highlighted the importance of preserving cultural traditions and promoting diversity and inclusivity. As the international community continues to grapple with the refugee crisis, exhibitions like "Reflection of Home" reflect the strength and creativity of refugee communities. They remind us of the importance of supporting and empowering refugees, who bring unique perspectives and talents to their host countries. The Afghan refugees' experiences are a stark reminder of the devastating consequences of conflict and persecution. However, their artwork and stories also serve as a beacon of hope and resilience. Despite facing unimaginable hardships, they continue to create, inspire, and educate. In conclusion, the "Reflection of Home" exhibition was a powerful tribute to the Afghan refugees' cultural heritage and resilience. It served as a reminder of the importance of preserving cultural traditions, promoting diversity and inclusivity, and supporting refugee communities. Resilience Amidst Silence: The Plight Of Shia Muslims In Pakistan By working together, we can promote diversity, inclusivity, and cultural understanding, and provide opportunities for refugee communities to thrive. The "Reflection of Home" showed visitors how art can bring people together, heal wounds and promote social change. It served as a reminder that even in the darkest of times, there is always hope, always a chance for renewal and rebirth. This exhibition reminds us that refugees are not just statistics or news headlines, but human beings with stories, experiences, and talents. By supporting refugee communities and promoting cultural exchange programs, we can build bridges of understanding and empathy. We can create a world where diversity is celebrated, and inclusivity is the norm. The "Reflection of Home" exhibition was a powerful step in this direction. As we move forward, let us continue to support and empower refugee communities. Let us celebrate their diversity, promote their inclusivity, and provide opportunities for them to thrive.

Qatar tribune Agencies New York Wall Street’s main indexes slipped on Monday as declines in AI powerhouse Nvidia pressured tech stocks, while investors awaited a key inflation report this week. Chipmaker Nvidia lost 3.1 percent after China’s market regulator said it had opened an investigation into the company over suspected violation of the country’s antimonopoly law, sending the information technology sector down 0.4 percent. Peer Advanced Micro Devices also fell 4.2 percent as BofA Global Research downgraded its rating on the stock. A gauge of semiconductor stocks was down 0.7 percent. “A name like Nvidia is coming under pressure because of the sort of retaliatory actions of China and that is putting some pressure on the tech space,” said Robert Pavlik, senior portfolio manager at Dakota Wealth. “People are just trying to work out what they are going to do between now and year-end ... those that are positioning, are maybe thinking about taking some profit before heading into the next year.” At 11:26 a.m. ET, the Dow Jones Industrial Average fell 94.95 points, or 0.22 percent, to 44,547.57, the S&P 500 lost 27.02 points, or 0.44 percent, to 6,063.25, and the Nasdaq Composite lost 96.30 points, or 0.48 percent, to 19,763.66. Comcast lost 7.6 percent after forecasting broadband subscriber losses of a little over 100,000 for the fourth quarter. That pulled down the communication services sector by 1.1 percent. Hershey jumped 12 percent to lead gainers on the S&P 500, after a report said Cadbury-parent Mondelez was exploring an acquisition of the chocolate maker. Mondelez shares were off 2.4 percent. On the data front, the consumer prices index (CPI) data due on Wednesday is among the last major datasets ahead of the Federal Reserve’s December 17-18 meeting and could influence the central bank’s monetary policy path. Bets of a 25-basis-point rate cut at the upcoming meeting shot up to more than 85 percent after data on Friday showed a rise in the unemployment rate to 4.2 percent in November, pointing to an easing labor market. A host of Fed officials including Chair Jerome Powell last week urged more caution around the central bank’s monetary policy easing path considering the resilience of the economy. Wall Street’s main indexes kicked off December on a broadly positive note, with the benchmark S&P 500 and the tech-heavy Nasdaq logging gains in their first week, while the blue-chip Dow ended the week marginally lower. US equities surged in November as Donald Trump’s victory in the presidential election and his party sweeping both houses of Congress raised expectations of a friendlier policy stance towards companies. Among notable movers on Monday, Workday added 6.3 percent on its planned inclusion into the S&P 500 index. Interpublic Group advanced 7.2 percent after a report said marketing conglomerate Omnicom was in advanced talks to acquire the advertising company. Omnicom shares were down 8.7 percent. Advancing issues outnumbered decliners by a 1.12-to-1 ratio on the NYSE and by a 1.15-to-1 ratio on the Nasdaq. The S&P 500 posted 18 new 52-week highs and 2 new lows while the Nasdaq Composite recorded 97 new highs and 34 new lows. Copy 10/12/2024 10

PASADENA, Calif. , Dec. 9, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced that its Board of Directors declared a quarterly cash dividend of $1.32 per common share for the fourth quarter of 2024. The dividend is payable on January 15, 2025 to stockholders of record on December 31, 2024 . The common stock dividend for the year ending December 31, 2024 of $5.19 per common share represents an increase of 23 cents , or 5 percent, over the year ended December 31, 2023 . The dividend allows the company to share its continued high-quality, strong and increasing net cash provided by operating activities with its common stockholders while retaining a significant portion for reinvestment into its pipeline of new Class A/A+ development and redevelopment projects. For the five-year period ending December 31, 2024 , the company expects to generate for reinvestment an aggregate $2.1 billion of net cash provided by operating activities after dividends. 1 Additionally, its dividend payout ratio (quarterly common stock dividends divided by quarterly funds from operations) remains favorably low at 55 percent for the three months ended September 30, 2024. Growth in the company's net cash provided by operating activities continues to generate opportunities to increase the company's quarterly cash dividend per common share while maintaining a low FFO payout ratio. 1 Net cash provided by operating activities after dividends (i) excludes timing differences such as changes in operating assets and liabilities and (ii) includes deductions for distributions to the company's consolidated real estate joint venture partners. Amount represents the years ended December 31, 2020 through 2023 and the midpoint of the company's 2024 guidance range as provided on October 21, 2024. About Alexandria Real Estate Equities, Inc. Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500 ® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche with our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus TM ecosystems in AAA life science innovation cluster locations, including Greater Boston , the San Francisco Bay Area , San Diego , Seattle , Maryland , Research Triangle and New York City . For more information, please visit www.are.com . This press release includes "forward-looking statements" within the meaning of the federal securities laws. Actual results might differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in the company's Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission. CONTACT: Sara Kabakoff , Senior Vice President – Chief Content Officer, (626) 788-5578, skabakoff@are.com View original content to download multimedia: https://www.prnewswire.com/news-releases/alexandria-real-estate-equities-inc-declares-cash-dividend-of-1-32-per-common-share-for-4q24--an-increase-of-2-cents-over-3q24--and-an-aggregate-of-5-19-per-common-share-for-2024--an-increase-of-23-cents-or-5-percent-over-20--302326267.html SOURCE Alexandria Real Estate Equities, Inc.Cubs could trade 3rd year pitcher for high-end starter after adding Matthew Boyd | Sporting News

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SAN FRANCISCO--(BUSINESS WIRE)--Dec 9, 2024-- Planet Labs PBC (NYSE: PL) (“Planet” or the “Company”), a leading provider of daily data and insights about Earth, today announced financial results for the period ended October 31, 2024. "We are pleased with the multiple large contracts secured with government customers globally this quarter, which we expect to ramp up into the year ahead. The third quarter represented Planet’s largest ever quarter of ACV bookings, helping lay the foundation for future growth," said Will Marshall, Planet’s Co-Founder, Chief Executive Officer and Chairperson. "We continue to see strong demand for our data, particularly where enhanced with AI-enabled solutions. We also saw first light from our Tanager satellite, released the first set of over 300 CO2 and methane detections, and are progressing towards commercializing its hyperspectral data. The success of this program has led us to actively pursue other opportunities that similarly advance our technology roadmap while enhancing our financial position. Ultimately, we believe Planet is well positioned for growth going forward." Ashley Johnson, Planet’s President and Chief Financial Officer, added, “We saw significant improvement in the fundamentals of the business during the quarter, as evident in the year-over-year and sequential improvement in margins, as well as the continued progress on our path to profitability. I’m pleased to confirm that we’re on track to achieve our target of Adjusted EBITDA profitability next quarter. Meanwhile, we’re reducing our cash burn and our balance sheet remains strong with approximately $242 million of cash, cash equivalents, and short-term investments as of the end of the quarter, and we continue to have no debt.” Third Quarter of Fiscal 2025 Financial and Key Metric Highlights: Recent Business Highlights: Growing Customer and Partner Relationships New Technologies and Products Impact and ESG Fourth Quarter Financial Outlook For the fourth quarter of fiscal year 2025, ending January 31, 2025, Planet expects revenue to be in the range of approximately $61 million to $63 million. Non-GAAP Gross Margin is expected to be in the range of approximately 63% to 65%. Adjusted EBITDA is expected to be in the range of approximately $0 to $2 million for the quarter. Capital Expenditures are expected to be in the range of approximately $8 million and $11 million for the quarter. Planet has not reconciled its Non-GAAP financial outlook to the most directly comparable GAAP measures because certain reconciling items, such as stock-based compensation expenses and depreciation and amortization are uncertain or out of Planet’s control and cannot be reasonably predicted. The actual amount of these expenses during the fourth quarter of fiscal year 2025 will have a significant impact on Planet’s future GAAP financial results. Accordingly, a reconciliation of Planet’s Non-GAAP outlook to the most comparable GAAP measures is not available without unreasonable efforts. The foregoing forward-looking statements reflect Planet’s expectations as of today’s date. Given the number of risk factors, uncertainties and assumptions discussed below, actual results may differ materially. Webcast and Conference Call Information Planet will host a conference call at 5:00 p.m. ET / 2:00 p.m. PT today, December 9, 2024. The webcast can be accessed at www.planet.com/investors/ . A replay will be available approximately 2 hours following the event. If you would prefer to register for the conference call, please go to the following link: https://www.netroadshow.com/events/login?show=00196caf&confId=74075 . You will then receive your access details via email. Additionally, a supplemental presentation has been provided on Planet’s investor relations page. About Planet Labs PBC Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to over 1,000 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on X (formerly Twitter) or tune in to HBO’s ‘Wild Wild Space’. Channels for Disclosure of Information Planet intends to announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission, press releases, public conference calls, webcasts, the investor relations section of its website (investors.planet.com) and its blog (planet.com/pulse) in order to achieve broad, non-exclusionary distribution of information to the public and for complying with its disclosure obligations under Regulation FD. It is possible that the information Planet posts on its blog could be deemed to be material information. As such, Planet encourages investors, the media, and others to follow the channels listed above and to review the information disclosed through such channels. Planet’s Use of Non-GAAP Financial Measures This press release includes Non-GAAP Gross Profit, Non-GAAP Gross Margin, certain Non-GAAP Expenses described further below, Non-GAAP Loss from Operations, Non-GAAP Net Loss, Non-GAAP Net Loss per Diluted Share, Adjusted EBITDA and Backlog, which are non-GAAP measures the Company uses to supplement its results presented in accordance with U.S. GAAP. The Company includes these non-GAAP financial measures because they are used by management to evaluate the Company’s core operating performance and trends and to make strategic decisions regarding the allocation of capital and new investments. Non-GAAP Gross Profit and Non-GAAP Gross Margin: The Company defines and calculates Non-GAAP Gross Profit as gross profit adjusted for stock-based compensation, amortization of acquired intangible assets classified as cost of revenue, restructuring costs, and employee transaction bonuses in connection with the Sinergise business combination. The Company defines Non-GAAP Gross Margin as Non-GAAP Gross Profit divided by revenue. Non-GAAP Expenses: The Company defines and calculates Non-GAAP cost of revenue, Non-GAAP research and development expenses, Non-GAAP sales and marketing expenses, and Non-GAAP general and administrative expenses as, in each case, the corresponding U.S. GAAP financial measure (cost of revenue, research and development expenses, sales and marketing expenses, and general and administrative expenses) adjusted for stock-based compensation, amortization of acquired intangible assets, restructuring costs, certain litigation expenses, and employee transaction bonuses in connection with the Sinergise business combination, that are classified within each of the corresponding U.S. GAAP financial measures. Non-GAAP Loss from Operations: The Company defines and calculates Non-GAAP Loss from Operations as loss from operations adjusted for stock-based compensation, amortization of acquired intangible assets, restructuring costs, certain litigation expenses, and employee transaction bonuses in connection with the Sinergise business combination. Non-GAAP Net Loss and Non-GAAP Net Loss per Diluted Share: The Company defines and calculates Non-GAAP Net Loss as net loss adjusted for stock-based compensation, amortization of acquired intangible assets, restructuring costs, certain litigation expenses, and employee transaction bonuses in connection with the Sinergise business combination, and the income tax effects of the non-GAAP adjustments. The Company defines and calculates Non-GAAP Net Loss per Diluted Share as Non-GAAP Net Loss divided by diluted weighted-average common shares outstanding. Adjusted EBITDA: The Company defines and calculates Adjusted EBITDA as net income (loss) before the impact of interest income and expense, income tax expense and depreciation and amortization, and further adjusted for the following items: stock-based compensation, change in fair value of warrant liabilities, non-operating income and expenses such as foreign currency exchange gain or loss, restructuring costs, certain litigation expenses, and employee transaction bonuses in connection with the Sinergise business combination. The Company presents Non-GAAP Gross Profit, Non-GAAP Gross Margin, certain Non-GAAP Expenses described above, Non-GAAP Loss from Operations, Non-GAAP Net Loss, Non-GAAP Net Loss per Diluted Share and Adjusted EBITDA because the Company believes these measures are frequently used by analysts, investors and other interested parties to evaluate companies in Planet’s industry and facilitates comparisons on a consistent basis across reporting periods. Further, the Company believes these measures are helpful in highlighting trends in its operating results because they exclude items that are not indicative of the Company’s core operating performance. Backlog: The Company defines and calculates Backlog as remaining performance obligations plus the cancellable portion of the contract value for contracts that provide the customer with a right to terminate for convenience without incurring a substantive termination penalty and written orders where funding has not been appropriated. Backlog does not include unexercised contract options. Remaining performance obligations represent the amount of contracted future revenue that has not yet been recognized, which includes both deferred revenue and non-cancelable contracted revenue that will be invoiced and recognized in revenue in future periods. Remaining performance obligations do not include contracts which provide the customer with a right to terminate for convenience without incurring a substantive termination penalty, written orders where funding has not been appropriated and unexercised contract options. An increasing and meaningful portion of the Company’s revenue is generated from contracts with the U.S. government and other government customers. Cancellation provisions, such as termination for convenience clauses, are common in contracts with the U.S. government and certain other government customers. The Company presents Backlog because the portion of its customer contracts with such cancellation provisions represents a meaningful amount of the Company’s expected future revenues. Management uses backlog to more effectively forecast the Company’s future business and results, which supports decisions around capital allocation. It also helps the Company identify future growth or operating trends that may not otherwise be apparent. The Company also believes Backlog is useful for investors in forecasting the Company’s future results and understanding the growth of its business. Customer cancellation provisions relating to termination for convenience clauses and funding appropriation requirements are outside of the Company’s control, and as a result, the Company may fail to realize the full value of such contracts. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation from, as a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP. The non-GAAP financial measures presented are not based on any standardized methodology prescribed by U.S. GAAP and are not necessarily comparable to similarly-titled measures presented by other companies, which may have different definitions from the Company’s. Further, certain of the non-GAAP financial measures presented exclude stock-based compensation expenses, which has recently been, and will continue to be for the foreseeable future, a significant recurring expense for the Company and an important part of its compensation strategy. Other Key Metrics ACV and EoP ACV Book of Business: In connection with the calculation of several of the key operational and business metrics we utilize, the Company calculates Annual Contract Value (“ACV”) for contracts of one year or greater as the total amount of value that a customer has contracted to pay for the most recent 12 month period for the contract, excluding customers that are exclusively Sentinel Hub self-service paying users. For short-term contracts (contracts less than 12 months), ACV is equal to total contract value. The Company also calculates EoP ACV Book of Business in connection with the calculation of several of the key operational and business metrics we utilize. The Company defines EoP ACV Book of Business as the sum of the ACV of all contracts that are active on the last day of the period pursuant to the effective dates and end dates of such contracts, excluding customers that are exclusively Sentinel Hub self-service paying users. Active contracts exclude any contract that has been canceled, expired prior to the last day of the period without renewing, or for any other reason is not expected to generate revenue in the subsequent period. For contracts ending on the last day of the period, the ACV is either updated to reflect the ACV of the renewed contract or, if the contract has not yet renewed or extended, the ACV is excluded from the EoP ACV Book of Business. The Company does not annualize short-term contracts in calculating its EoP ACV Book of Business. The Company calculates the ACV of usage-based contracts based on the committed contracted revenue or the revenue achieved on the usage-based contract in the prior 12-month period. Percent of Recurring ACV: Percent of Recurring ACV is the portion of the total EoP ACV Book of Business that is recurring in nature. The Company defines EoP ACV Book of Business as the sum of the ACV of all contracts that are active on the last day of the period pursuant to the effective dates and end dates of such contracts, excluding customers that are exclusively Sentinel Hub self-service paying users. The Company defines Percent of Recurring ACV as the dollar value of all data subscription contracts and the committed portion of usage-based contracts (excluding customers that are exclusively Sentinel Hub self-service paying users) divided by the total dollar value of all contracts in our EoP ACV Book of Business. The Company believes Percent of Recurring ACV is useful to investors to better understand how much of the Company’s revenue is from customers that have the potential to renew their contracts over multiple years rather than being one-time in nature. The Company tracks Percent of Recurring ACV to inform estimates for the future revenue growth potential of our business and improve the predictability of our financial results. There are no significant estimates underlying management’s calculation of Percent of Recurring ACV, but management applies judgment as to which customers have an active contract at a period end for the purpose of determining EoP ACV Book of Business, which is used as part of the calculation of Percent of Recurring ACV. EoP Customer Count: The Company defines EoP Customer Count as the total count of all existing customers at the end of the period excluding customers that are exclusively Sentinel Hub self-service paying users. For EoP Customer Count, the Company defines existing customers as customers with an active contract with the Company at the end of the reported period. For the purpose of this metric, the Company defines a customer as a distinct entity that uses the Company’s data or services. The Company sells directly to customers, as well as indirectly through its partner network. If a partner does not provide the end customer’s name, then the partner is reported as the customer. Each customer, regardless of the number of active opportunities with the Company, is counted only once. For example, if a customer utilizes multiple products of Planet, the Company only counts that customer once for purposes of EoP Customer Count. A customer with multiple divisions, segments, or subsidiaries are also counted as a single unique customer based on the parent organization or parent account. For EoP Customer Count, the Company does not include users that only utilize the Company’s self-service Sentinel Hub web based ordering system, which the Company acquired in August 2023, and which offers standard starter packages on a monthly or annual basis. The Company believes excluding these users from EoP Customer Count creates a more useful metric, as the Company views the Sentinel Hub starter packages as entry points for smaller accounts, leading to broader awareness of the Company’s solutions throughout their networks and organizations. The Company believes EoP Customer Count is a useful metric for investors and management to track as it is an important indicator of the broader adoption of the Company’s platform and is a measure of the Company’s success in growing its market presence and penetration. Management applies judgment as to which customers are deemed to have an active contract in a period, as well as whether a customer is a distinct entity that uses the Company’s data or services. Capital Expenditures as a Percentage of Revenue: The Company defines capital expenditures as purchases of property and equipment plus capitalized internally developed software development costs, which are included in our statements of cash flows from investing activities. The Company defines Capital Expenditures as a Percentage of Revenue as the total amount of capital expenditures divided by total revenue in the reported period. Capital Expenditures as a Percentage of Revenue is a performance measure that we use to evaluate the appropriate level of capital expenditures needed to support demand for the Company’s data services and related revenue, and to provide a comparable view of the Company’s performance relative to other earth observation companies, which may invest significantly greater amounts in their satellites to deliver their data to customers. The Company uses an agile space systems strategy, which means we invest in a larger number of significantly lower cost satellites and software infrastructure to automate the management of the satellites and to deliver the Company’s data to clients. As a result of the Company’s strategy and business model, the Company’s capital expenditures may be more similar to software companies with large data center infrastructure costs. Therefore, the Company believes it is important to look at the level of capital expenditure investments relative to revenue when evaluating the Company’s performance relative to other earth observation companies or to other software and data companies with significant data center infrastructure investment requirements. The Company believes Capital Expenditures as a Percentage of Revenue is a useful metric for investors because it provides visibility to the level of capital expenditures required to operate the Company and the Company’s relative capital efficiency. Forward-looking Statements This press release contains 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. Forward-looking statements generally relate to future events or Planet’s future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “target,” “anticipate,” “intend,” “develop,” “evolve,” “plan,” “seek,” “may,” “will,” “could,” “can,” “should,” “would,” “believes,” “predicts,” “potential,” “strategy,” “opportunity,” “aim,” “conviction,” “continue,” “positioned” or the negative of these words or other similar terms or expressions that concern Planet’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this release include, but are not limited to, statements regarding Planet’s financial guidance and outlook, Planet’s path to profitability (including on an Adjusted EBITDA basis) and target for achieving Adjusted EBITDA profitability, Planet’s growth opportunities, Planet’s expectations regarding future product development and performance, and Planet’s expectations regarding its strategies with respect to its markets and customers, including trends in customer demand. Planet’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks related to the macroeconomic environment and risks regarding Planet’s ability to forecast Planet’s performance due to Planet’s limited operating history. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Planet’s filings with the Securities and Exchange Commission (“SEC”), including Planet’s Annual Report on Form 10-K for the fiscal year ended January 31, 2024, Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2024, and any subsequent filings with the SEC Planet may make. All forward-looking statements reflect Planet’s beliefs and assumptions only as of the date of this press release. Planet undertakes no obligation to update forward-looking statements to reflect future events or circumstances, except as may be required by law. Planet’s results for the quarter ended October 31, 2024, are not necessarily indicative of its operating results for any future periods. PLANET CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (In thousands) October 31, 2024 January 31, 2024 Assets Current assets Cash and cash equivalents $ 138,969 $ 83,866 Restricted cash and cash equivalents, current 6,525 8,360 Short-term investments 103,255 215,041 Accounts receivable, net 38,853 43,320 Prepaid expenses and other current assets 13,992 19,564 Total current assets 301,594 370,151 Property and equipment, net 116,920 113,429 Capitalized internal-use software, net 18,259 14,973 Goodwill 137,411 136,256 Intangible assets, net 29,231 32,448 Restricted cash and cash equivalents, non-current 4,437 9,972 Operating lease right-of-use assets 20,829 22,339 Other non-current assets 2,083 2,429 Total assets $ 630,764 $ 701,997 Liabilities and Stockholders’ Equity Current liabilities Accounts payable $ 3,572 $ 2,601 Accrued and other current liabilities 43,670 44,779 Deferred revenue 66,462 72,327 Liability from early exercise of stock options 6,275 8,964 Operating lease liabilities, current 9,105 7,978 Total current liabilities 129,084 136,649 Deferred revenue 11,230 5,293 Deferred hosting costs 6,665 7,101 Public and private placement warrant liabilities 1,835 2,961 Operating lease liabilities, non-current 13,819 16,952 Contingent consideration 2,871 5,885 Other non-current liabilities 655 9,138 Total liabilities 166,159 183,979 Stockholders’ equity Common stock 28 28 Additional paid-in capital 1,631,077 1,596,201 Accumulated other comprehensive income 1,347 1,594 Accumulated deficit (1,167,847 ) (1,079,805 ) Total stockholders’ equity 464,605 518,018 Total liabilities and stockholders’ equity $ 630,764 $ 701,997 PLANET CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) Three Months Ended October 31, Nine Months Ended October 31, (In thousands, except share and per share amounts) 2024 2023 2024 2023 Revenue $ 61,266 $ 55,380 $ 182,798 $ 161,844 Cost of revenue 23,749 29,350 81,288 81,375 Gross profit 37,517 26,030 101,510 80,469 Operating expenses Research and development 25,216 33,002 78,055 87,929 Sales and marketing 16,795 20,774 62,013 66,209 General and administrative 18,114 20,112 58,198 62,161 Total operating expenses 60,125 73,888 198,266 216,299 Loss from operations (22,608 ) (47,858 ) (96,756 ) (135,830 ) Interest income 2,414 3,445 8,292 11,753 Change in fair value of warrant liabilities 198 6,833 1,126 14,004 Other income (expense), net (60 ) (69 ) 660 894 Total other income, net 2,552 10,209 10,078 26,651 Loss before provision for income taxes (20,056 ) (37,649 ) (86,678 ) (109,179 ) Provision for income taxes 25 355 1,364 1,244 Net loss $ (20,081 ) $ (38,004 ) $ (88,042 ) $ (110,423 ) Basic and diluted net loss per share attributable to common stockholders $ (0.07 ) $ (0.13 ) $ (0.30 ) $ (0.40 ) Basic and diluted weighted-average common shares outstanding used in computing net loss per share attributable to common stockholders 293,338,324 284,197,733 290,674,554 277,252,951 PLANET CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (unaudited) Three Months Ended October 31, Nine Months Ended October 31, (In thousands) 2024 2023 2024 2023 Net loss $ (20,081 ) $ (38,004 ) $ (88,042 ) $ (110,423 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustment 52 (1,667 ) (159 ) (1,543 ) Change in fair value of available-for-sale securities 48 89 (88 ) (970 ) Other comprehensive income (loss), net of tax 100 (1,578 ) (247 ) (2,513 ) Comprehensive loss $ (19,981 ) $ (39,582 ) $ (88,289 ) $ (112,936 ) PLANET CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) Nine Months Ended October 31, (In thousands) 2024 2023 Operating activities Net loss $ (88,042 ) $ (110,423 ) Adjustments to reconcile net loss to net cash used in operating activities Depreciation and amortization 36,365 36,033 Stock-based compensation, net of capitalized cost 36,467 44,611 Change in fair value of warrant liabilities (1,126 ) (14,004 ) Change in fair value of contingent consideration 3,161 (923 ) Other (932 ) (3,538 ) Changes in operating assets and liabilities Accounts receivable 5,487 (3,872 ) Prepaid expenses and other assets 8,499 9,483 Accounts payable, accrued and other liabilities (7,731 ) (20,706 ) Deferred revenue 71 19,557 Deferred hosting costs (298 ) (92 ) Net cash used in operating activities (8,079 ) (43,874 ) Investing activities Purchases of property and equipment (32,694 ) (29,086 ) Capitalized internal-use software (4,145 ) (3,266 ) Maturities of available-for-sale securities 57,046 142,903 Sales of available-for-sale securities 162,341 40,072 Purchases of available-for-sale securities (105,582 ) (166,169 ) Business acquisition, net of cash acquired (1,068 ) (7,542 ) Purchases of licensed imagery intangible assets (4,558 ) — Other (300 ) (944 ) Net cash provided by (used in) investing activities 71,040 (24,032 ) Financing activities Proceeds from the exercise of common stock options 332 6,770 Payments for withholding taxes related to the net share settlement of equity awards (7,328 ) (7,112 ) Proceeds from employee stock purchase program 1,083 — Payments of contingent consideration for business acquisitions (8,783 ) — Other (606 ) (15 ) Net cash used in financing activities (15,302 ) (357 ) Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents 74 (65 ) Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents 47,733 (68,328 ) Cash and cash equivalents, and restricted cash and cash equivalents at the beginning of the period 102,198 188,076 Cash and cash equivalents, and restricted cash and cash equivalents at the end of the period $ 149,931 $ 119,748 PLANET RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA (unaudited) Three Months Ended October 31, Nine Months Ended October 31, (in thousands) 2024 2023 2024 2023 Net loss $ (20,081 ) $ (38,004 ) $ (88,042 ) $ (110,423 ) Interest income (2,414 ) (3,445 ) (8,292 ) (11,753 ) Income tax provision 25 355 1,364 1,244 Depreciation and amortization 10,117 13,625 36,365 36,033 Change in fair value of warrant liabilities (198 ) (6,833 ) (1,126 ) (14,004 ) Stock-based compensation 11,829 12,598 36,467 44,611 Restructuring costs (1) 25 7,341 10,524 7,341 Employee transaction bonuses in connection with the Sinergise business combination (2) — 2,317 — 2,317 Certain litigation expenses (3) 395 — 395 — Other (income) expense, net 60 69 (660 ) (894 ) Adjusted EBITDA $ (242 ) $ (11,977 ) $ (13,005 ) $ (45,528 ) (1) As part of the 2024 headcount reduction, we recognized immaterial severance and other employee costs for the three months ended October 31, 2024 and $10.5 million of severance and other employee costs for the nine months ended October 31, 2024. For the three and nine months ended October 31, 2024, the restructuring related stock-based compensation benefit of $1.4 million is included on its respective line item. As part of the 2023 headcount reduction, we recognized $7.3 million of severance and other employee costs for the three and nine months ended October 31, 2023. For the three and nine months ended October 31, 2023, the restructuring related stock-based compensation benefit of $1.5 million is included on its respective line item. (2) Certain employees of Sinergise, which became employees of Planet, were paid cash transaction bonuses in connection with the closing of the Sinergise acquisition. The cost of the transaction bonuses was allocated from the purchase consideration we paid for the acquisition. (3) Expenses relating to the Delaware class action lawsuit. PLANET RECONCILIATION OF U.S. GAAP TO NON-GAAP FINANCIAL MEASURES (unaudited) Three Months Ended October 31, Nine Months Ended October 31, (In thousands) 2024 2023 2024 2023 Reconciliation of cost of revenue: GAAP cost of revenue $ 23,749 $ 29,350 $ 81,288 $ 81,375 Less: Stock-based compensation 745 888 2,563 2,855 Less: Amortization of acquired intangible assets 759 796 2,298 1,674 Less: Restructuring costs 128 563 1,312 563 Less: Employee transaction bonuses in connection with the Sinergise business combination — 267 — 267 Non-GAAP cost of revenue $ 22,117 $ 26,836 $ 75,115 $ 76,016 Reconciliation of gross profit: GAAP gross profit $ 37,517 $ 26,030 $ 101,510 $ 80,469 Add: Stock-based compensation 745 888 2,563 2,855 Add: Amortization of acquired intangible assets 759 796 2,298 1,674 Add: Restructuring costs 128 563 1,312 563 Add: Employee transaction bonuses in connection with the Sinergise business combination — 267 — 267 Non-GAAP gross profit $ 39,149 $ 28,544 $ 107,683 $ 85,828 GAAP gross margin 61 % 47 % 56 % 50 % Non-GAAP gross margin 64 % 52 % 59 % 53 % PLANET RECONCILIATION OF U.S. GAAP TO NON-GAAP FINANCIAL MEASURES (unaudited) Three Months Ended October 31, Nine Months Ended October 31, (In thousands) 2024 2023 2024 2023 Reconciliation of operating expenses: GAAP research and development $ 25,216 $ 33,002 $ 78,055 $ 87,929 Less: Stock-based compensation 4,294 5,655 12,120 18,555 Less: Restructuring costs (76 ) 3,297 3,464 3,297 Less: Employee transaction bonuses in connection with the Sinergise business combination — 1,891 — 1,891 Non-GAAP research and development $ 20,998 $ 22,159 $ 62,471 $ 64,186 GAAP sales and marketing $ 16,795 $ 20,774 $ 62,013 $ 66,209 Less: Stock-based compensation 1,655 1,626 6,863 7,827 Less: Amortization of acquired intangible assets 129 261 473 665 Less: Restructuring costs 24 1,943 4,457 1,943 Less: Employee transaction bonuses in connection with the Sinergise business combination — 41 — 41 Non-GAAP sales and marketing $ 14,987 $ 16,903 $ 50,220 $ 55,733 GAAP general and administrative $ 18,114 $ 20,112 $ 58,198 $ 62,161 Less: Stock-based compensation 5,135 4,429 14,921 15,374 Less: Amortization of acquired intangible assets 36 93 151 254 Less: Restructuring costs (51 ) 1,538 1,291 1,538 Less: Employee transaction bonuses in connection with the Sinergise business combination — 118 — 118 Less: Certain litigation expenses 395 — 395 — Non-GAAP general and administrative $ 12,599 $ 13,934 $ 41,440 $ 44,877 Reconciliation of loss from operations GAAP loss from operations $ (22,608 ) $ (47,858 ) $ (96,756 ) $ (135,830 ) Add: Stock-based compensation 11,829 12,598 36,467 44,611 Add: Amortization of acquired intangible assets 924 1,150 2,922 2,593 Add: Restructuring costs 25 7,341 10,524 7,341 Add: Employee transaction bonuses in connection with the Sinergise business combination — 2,317 — 2,317 Add: Certain litigation expenses 395 — 395 — Non-GAAP loss from operations $ (9,435 ) $ (24,452 ) $ (46,448 ) $ (78,968 ) PLANET RECONCILIATION OF U.S. GAAP TO NON-GAAP FINANCIAL MEASURES (unaudited) Three Months Ended October 31, Nine Months Ended October 31, (In thousands, except share and per share amounts) 2024 2023 2024 2023 Reconciliation of net loss GAAP net loss $ (20,081 ) $ (38,004 ) $ (88,042 ) $ (110,423 ) Add: Stock-based compensation 11,829 12,598 36,467 44,611 Add: Amortization of acquired intangible assets 924 1,150 2,922 2,593 Add: Restructuring costs 25 7,341 10,524 7,341 Add: Employee transaction bonuses in connection with the Sinergise business combination — 2,317 — 2,317 Add: Certain litigation expenses 395 — 395 — Income tax effect of non-GAAP adjustments 914 — 1,326 — Non-GAAP net loss $ (5,994 ) $ (14,598 ) $ (36,408 ) $ (53,561 ) Reconciliation of net loss per share, diluted GAAP net loss $ (20,081 ) $ (38,004 ) $ (88,042 ) $ (110,423 ) Non-GAAP net loss $ (5,994 ) $ (14,598 ) $ (36,408 ) $ (53,561 ) GAAP net loss per share, basic and diluted (1) $ (0.07 ) $ (0.13 ) $ (0.30 ) $ (0.40 ) Add: Stock-based compensation 0.04 0.04 0.13 0.16 Add: Amortization of acquired intangible assets — — 0.01 0.01 Add: Restructuring costs — 0.03 0.04 0.03 Add: Employee transaction bonuses in connection with the Sinergise business combination — 0.01 — 0.01 Add: Certain litigation expenses — — — — Income tax effect of non-GAAP adjustments — — — — Non-GAAP net loss per share, diluted (2) (3) $ (0.02 ) $ (0.05 ) $ (0.13 ) $ (0.19 ) Weighted-average shares used in computing GAAP net loss per share, basic and diluted (1) 293,338,324 284,197,733 290,674,554 277,252,951 Weighted-average shares used in computing Non-GAAP net loss per share, diluted (1) 293,338,324 284,197,733 290,674,554 277,252,951 (1) Basic and diluted GAAP net loss per share was the same for each period presented as the inclusion of all potential Class A common stock and Class B common stock outstanding would have been anti-dilutive. (2) Non-GAAP net loss per share, diluted is calculated using weighted-average shares, adjusted for dilutive potential shares assumed outstanding during the period. No adjustment was made to weighted-average shares for each period presented as the inclusion of all potential Class A common stock and Class B common stock outstanding would have been anti-dilutive. (3) Totals may not sum due to rounding. Figures are calculated based upon the respective underlying non-rounded data. PLANET RECONCILIATION OF U.S. GAAP TO NON-GAAP FINANCIAL MEASURES (unaudited) The table below reconciles Backlog to remaining performance obligations for the periods indicated: (in thousands) October 31, 2024 January 31, 2024 Remaining performance obligations $ 145,890 $ 132,571 Cancellable amount of contract value 86,250 109,821 Backlog $ 232,140 $ 242,392 For remaining performance obligations as of October 31, 2024, the Company expects to recognize approximately 82% over the next 12 months, approximately 98% over the next 24 months, and the remainder thereafter. For Backlog as of October 31, 2024, the Company expects to recognize approximately 70% over the next 12 months, approximately 91% over the next 24 months, and the remainder thereafter. View source version on businesswire.com : https://www.businesswire.com/news/home/20241209391021/en/ CONTACT: Investor Contact Chris Genualdi / Cleo Palmer-Poroner Planet Labs PBC ir@planet.comPress Contact Claire Bentley Dale Planet Labs PBC comms@planet.com KEYWORD: CALIFORNIA BRAZIL UNITED STATES SOUTH AMERICA NORTH AMERICA LATIN AMERICA EUROPE GERMANY INDUSTRY KEYWORD: SOFTWARE MOBILE/WIRELESS NETWORKS OTHER DEFENSE PROFESSIONAL SERVICES HARDWARE DATA MANAGEMENT TECHNOLOGY DEFENSE SATELLITE OTHER TECHNOLOGY ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) SOURCE: Planet Copyright Business Wire 2024. PUB: 12/09/2024 04:08 PM/DISC: 12/09/2024 04:08 PM http://www.businesswire.com/news/home/20241209391021/en

A dealing room at Hana Bank in central Seoul is seen in this Dec. 3 photo. Yonhap A surprise declaration of martial law in Korea that had sent the won plummeting and gave U.S. Treasuries a brief safe-haven boost was lifted on Tuesday, removing one source of geopolitical jitters for world markets to contend with. The move gave a modest boost to U.S. stocks, which were otherwise muted and range-bound for much of the session. The S&P 500 and the Nasdaq managed to reach new record closing highs. "These developments, combined with those in France and the outcome of the U.S. presidential election, all are creating uncertainty as investors think about how to position themselves moving into 2025," said Greg Bassuk, CEO at AXS Investments in New York. Korea's won had tumbled to a two-year low against the dollar after Korean President Yoon Suk Yeol declared martial law in what he said was an effort to block efforts by opposition parties to hijack the parliamentary process. He later reversed the decision, honoring a parliamentary vote against the measure. Crude prices gained amid supply concerns related to OPEC+ output cuts and simmering tensions in the Middle East. The Labor Department released its closely monitored Job Openings and Labor Turnover Survey (JOLTS), which showed job openings on the rise and layoffs on the wane, supporting the notion that the labor market continues its gradual cooldown. On Friday, the Labor Department is due to unveil its much-anticipated November employment report, which will be parsed for clues regarding the U.S. Federal Reserve's policy decisions in December and beyond. "There’s a host of economic data on this week’s calendar, so investors are taking a wait-and-see as this week’s data will likely impact the Fed’s December rate decision," Bassuk added. The Dow Jones Industrial Average fell 76.59 points, or 0.17 percent, to 44,705.41; the S&P 500 rose 2.73 points, or 0.05 percent, to 6,049.88; and the Nasdaq Composite rose 76.96 points, or 0.40 percent, to 19,480.91. European shares nabbed a one-month high even as political turmoil in France, which has pushed the French government to the verge of collapsing, kept investors on edge. MSCI's gauge of stocks across the globe rose 3.16 points, or 0.37 percent, to 867.80. The STOXX 600 index rose 0.37 percent, while Europe's broad FTSEurofirst 300 index rose 8.89 points, or 0.44 percent. Emerging market stocks rose 9.83 points, or 0.90 percent, to 1,096.22. Wednesday's stock markets to open as usual 2024-12-04 07:47 | Finance The dollar closed nominally lower against a basket of world currencies as financial markets cemented expectations that the Fed will make another interest rate cut at this month's policy meeting. But its losses were held in check by France's unfolding political crisis, and lingering tariff threats from President-elect Donald Trump. Traders work on the floor at the New York Stock Exchange in New York City, U.S., Dec. 2. Reuters-Yonhap China's onshore yuan touched its weakest level since the 2008 financial crisis in the face of tariff worries. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.03 percent to 106.34, with the euro up 0.1 percent at $1.0508. The Korean won weakened 0.97 percent against the dollar to 1,418.35 per dollar. Against the Japanese yen, the dollar weakened 0.08 percent to 149.47. Bitcoin was uncharacteristically subdued, prolonging its flirtation with the elusive and closely watched $100,000 mark. In cryptocurrencies, bitcoin gained 0.29 percent to $95,686.00. Ethereum declined 0.17 percent to $3,608.46. Yields on 10-year Treasuries edged higher in the wake of the JOLTS report as investors cement their expectations for a 25 basis point rate cut at the conclusion of the Fed's Dec. 17-18 policy meeting. The yield on benchmark U.S. 10-year notes rose 4 basis points to 4.234 percent, from 4.194 percent late on Monday. The 30-year bond yield rose 5.5 basis points to 4.4129 percent from 4.358 percent late on Monday. The 2-year note yield, which typically moves in step with rate expectations for the Fed, fell 2.3 basis points to 4.175 percent, from 4.198 percent late on Monday. Crude oil prices gained ground ahead of an expected decision by OPEC+ to approve continued output cuts. Oil's advance was also supported by a fragile ceasefire between Israel and Lebanon. U.S. crude rose 2.70 percent to $69.94 per barrel, while Brent rose to $73.62 per barrel, up 2.49 percent on the day. Gold held firm amid firming expectations for a December rate cut from the Federal Reserve. Spot gold rose 0.13 percent to $2,642.25 an ounce. U.S. gold futures rose 0.26 percent to $2,641.70 an ounce. (Reuters)Highlights of the third quarter include: Revenue of $300.4 million, an increase of 21% compared to $249.2 million in Q3 FY24. Net income of $5.7 million, compared to $14.7 million in Q3 FY24, with non-GAAP net income of $69.4 million, an increase of 33% compared to $52.2 million in Q3 FY24. Net income per diluted share of $0.06, compared to $0.17 in Q3 FY24, with non-GAAP net income per diluted share of $0.78, compared to $0.60 in Q3 FY24. Adjusted EBITDA of $118.2 million, an increase of 24% compared to $95.6 million in Q3 FY24. 9.5 million HSAs, an increase of 15% compared to Q3 FY24. Total HSA Assets of $30.0 billion, an increase of 33% compared to Q3 FY24. 16.5 million Total Accounts, including both HSAs and complementary CDBs, an increase of 8% compared to Q3 FY24. The Company repurchased 0.7 million shares of its common stock for $60.0 million. DRAPER, Utah, Dec. 09, 2024 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) ("HealthEquity" or the "Company"), the nation's largest health savings account ("HSA") custodian, today announced financial results for its third quarter ended October 31, 2024. "Strong third quarter results delivered by Team Purple helped drive HSAs to 9.5 million, HSA Assets to $30 billion, Total Accounts to 16.5 million and quarterly revenue to over $300 million, all quarterly records," said Jon Kessler, President and CEO of HealthEquity. "Year to date, we have generated $264 million of cash from operations. This momentum has enabled us to return $60 million of capital to our shareholders via share repurchases, accelerate platform investments, raise our fiscal 2025 guidance, and provide a healthy initial outlook for fiscal year 2026." Third quarter financial results Revenue for the third quarter ended October 31, 2024 was $300.4 million, an increase of 21% compared to $249.2 million for the third quarter ended October 31, 2023. Revenue this quarter included: service revenue of $119.2 million, custodial revenue of $141.0 million, and interchange revenue of $40.3 million. HealthEquity reported net income of $5.7 million, or $0.06 per diluted share, and non-GAAP net income of $69.4 million, or $0.78 per diluted share, for the third quarter ended October 31, 2024. The Company reported net income of $14.7 million, or $0.17 per diluted share, and non-GAAP net income of $52.2 million, or $0.60 per diluted share, for the third quarter ended October 31, 2023. Adjusted EBITDA was $118.2 million for the third quarter ended October 31, 2024, an increase of 24% compared to the third quarter ended October 31, 2023. Adjusted EBITDA was 39% of revenue, compared to 38% for the third quarter ended October 31, 2023. Account and asset metrics HSAs as of October 31, 2024 were 9.5 million, an increase of 15% year over year, including 717,000 HSAs with investments, an increase of 21% year over year. Total Accounts as of October 31, 2024 were 16.5 million, including 7.0 million other consumer-directed benefits ("CDBs"). Total HSA Assets as of October 31, 2024 were $30.0 billion, an increase of 33% year over year. Total HSA Assets included $16.4 billion of HSA cash and $13.6 billion of HSA investments. Client-held funds, which are deposits held on behalf of our Clients to facilitate administration of our CDBs, and from which we generate custodial revenue, were $0.7 billion as of October 31, 2024. Stock repurchase program The Company repurchased 0.7 million shares of its common stock for $60.0 million during the third quarter ended October 31, 2024. As of October 31, 2024, $240.0 million of common stock remained authorized for repurchase under the Company's stock repurchase program. Business outlook For the fiscal year ending January 31, 2025, management expects revenue of $1.185 billion to $1.195 billion. Its outlook for net income is between $88 million and $96 million, resulting in net income of $0.99 to $1.08 per diluted share. Its outlook for non-GAAP net income, calculated using the method described below, is between $274 million and $281 million, resulting in non-GAAP net income per diluted share of $3.08 to $3.16 (based on an estimated 89 million diluted weighted-average shares outstanding). Management expects Adjusted EBITDA of $470 million to $480 million. For the fiscal year ending January 31, 2026, management expects revenue of approximately $1.275 billion to $1.295 billion and Adjusted EBITDA of approximately 41.5% to 42.5% of revenue. These amounts assume an average annualized yield on HSA cash of approximately 3.4% to 3.5%. See “Non-GAAP financial information” below for definitions of our Adjusted EBITDA and non-GAAP net income. A reconciliation of the non-GAAP financial measures used throughout this release (other than with respect to our Adjusted EBITDA outlook for the fiscal year ending January 31, 2026) to the most comparable GAAP financial measures is included with the financial tables at the end of this release. A reconciliation of our Adjusted EBITDA outlook for the fiscal year ending January 31, 2026 to net income, its most directly comparable GAAP measure, is not included, because our net income outlook for this future period is not available without unreasonable efforts as we are unable to predict certain significant items excluded from this non-GAAP measure, such as stock-based compensation expense and income tax provision. Conference call HealthEquity management will host a conference call at 4:30 pm (Eastern Time) on Monday, December 9, 2024 to discuss the fiscal 2025 third quarter financial results. The conference call will be accessible by dialing 1-833-630-1956, or 1-412-317-1837 for international callers, and referencing conference ID "HealthEquity." A live audio webcast of the call will be available on the investor relations section of our website at http://ir.healthequity.com. Non-GAAP financial information To supplement our financial information presented on a GAAP basis, we disclose non-GAAP financial measures, including Adjusted EBITDA, non-GAAP net income, and non-GAAP net income per diluted share. Adjusted EBITDA is earnings before interest, taxes, depreciation and amortization, amortization of acquired intangible assets, stock-based compensation expense, merger integration expenses, acquisition costs, gains and losses on equity securities, amortization of incremental costs to obtain a contract, costs associated with unused office space, and certain other non-operating items. Non-GAAP net income is calculated by adding back to GAAP net income before income taxes the following items: amortization of acquired intangible assets, stock-based compensation expense, merger integration expenses, acquisition costs, gains and losses on equity securities, costs associated with unused office space, and losses on extinguishment of debt, and subtracting a non-GAAP tax provision using a normalized non-GAAP tax rate. Non-GAAP net income per diluted share is calculated by dividing non-GAAP net income by diluted weighted-average shares outstanding. Non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP and should not be considered as a substitute for, or superior to, GAAP results. We believe that these non-GAAP financial measures provide useful information to management and investors regarding certain financial and business trends relating to the Company's financial condition and results of operations. The Company cautions investors that non-GAAP financial information, by its nature, departs from GAAP; accordingly, its use can make it difficult to compare current results with results from other reporting periods and with the results of other companies. In addition, while amortization of acquired intangible assets is being excluded from non-GAAP net income, the revenue generated from those acquired intangible assets is not excluded. Whenever we use these non-GAAP financial measures, we provide a reconciliation of the applicable non-GAAP financial measure to the most closely applicable GAAP financial measure. Investors are encouraged to review the related GAAP financial measures and the reconciliation of the non-GAAP financial measures to their most directly comparable GAAP financial measure as detailed in the tables below. About HealthEquity HealthEquity and its subsidiaries administer HSAs and various other consumer-directed benefits for over 16 million accounts, working in close partnership with employers, benefits advisors, and health and retirement plan providers who share our unwavering commitment to our mission to save and improve lives by empowering healthcare consumers. Through cutting-edge solutions, innovation, and a relentless focus on improving health outcomes, we empower individuals to take control of their healthcare journey while ultimately enhancing their overall well-being. Learn more about our “Purple" service and approach at www.healthequity.com. Forward-looking statements This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our industry, business strategy, plans, goals and expectations concerning our markets and market position, product expansion, future operations, expenses and other results of operations, revenue, margins, profitability, acquisition synergies, future efficiencies, tax rates, capital expenditures, liquidity and capital resources and other financial and operating information. When used in this discussion, the words “may,” “believes,” “intends,” “seeks,” “aims,” “anticipates,” “plans,” “estimates,” “expects,” “should,” “assumes,” “continues,” “could,” “will,” “future” and the negative of these or similar terms and phrases are intended to identify forward-looking statements in this press release. Forward-looking statements reflect our current expectations regarding future events, results or outcomes. These expectations may or may not be realized. Although we believe the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to be correct. Some of these expectations may be based upon assumptions, data or judgments that prove to be incorrect. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors. Although it is not possible to identify all of these risks and factors, they include, among others, risks related to the following: our ability to adequately place and safeguard our custodial assets, or the failure of any of our depository or insurance company partners; our ability to compete effectively in a rapidly evolving healthcare and benefits administration industry; our dependence on the continued availability and benefits of tax-advantaged HSAs and other CDBs; risks relating to our upcoming CEO transition; our ability to successfully identify, acquire and integrate additional portfolio purchases or acquisition targets; the significant competition we face and may face in the future, including from those with greater resources than us; our reliance on the availability and performance of our technology and communications systems; recent and potential future cybersecurity breaches of our technology and communications systems and other data interruptions, including resulting costs and liabilities, reputational damage and loss of business; the current uncertain healthcare environment, including changes in healthcare programs and expenditures and related regulations; our ability to comply with current and future privacy, healthcare, tax, ERISA, investment adviser and other laws applicable to our business; our reliance on partners and third-party vendors for distribution and important services; our ability to develop and implement updated features for our technology platforms and communications systems; and our reliance on our management team and key team members. For a detailed discussion of these and other risk factors, please refer to the risks detailed in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 10-K for the fiscal year ended January 31, 2024 and subsequent periodic and current reports. Past performance is not necessarily indicative of future results. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release. Investor Relations Contact Richard Putnam 801-727-1000 rputnam@healthequity.com HealthEquity, Inc. and subsidiaries Condensed consolidated balance sheets HealthEquity, Inc. and subsidiaries Condensed consolidated statements of operations and comprehensive income (unaudited) HealthEquity, Inc. and subsidiaries Condensed consolidated statements of cash flows (unaudited) HealthEquity, Inc. and subsidiaries Condensed consolidated statements of cash flows (unaudited) (continued) Stock-based compensation expense (unaudited) Total stock-based compensation expense included in the condensed consolidated statements of operations and comprehensive income is as follows: Total Accounts (unaudited) * Not meaningful HSA Assets (unaudited) Client-held funds (unaudited) Reconciliation of net income to Adjusted EBITDA (unaudited) Reconciliation of net income outlook to Adjusted EBITDA outlook (unaudited) Reconciliation of net income to non-GAAP net income (unaudited) Reconciliation of net income outlook to non-GAAP net income outlook (unaudited) Certain terms