New York, NY, Dec. 29, 2024 (GLOBE NEWSWIRE) -- In an era where customer expectations are higher than ever and the need for quick, accurate information is paramount, Goldmarketer.com has taken a groundbreaking step in transforming the landscape of online financial services. The platform, a long-established leader in digital gold and financial derivatives, has unveiled the world's first 24-hour AI intelligent customer service, setting a new standard for how financial platforms can deliver efficient, personalized support to users worldwide. A Game-Changer for Financial Services Goldmarketer.com, a comprehensive internet-based financial platform, has long been a trusted name in the world of digital gold trading, foreign exchange (forex), cryptocurrency, stocks, ETFs, and other financial instruments. With years of experience and a wide range of advanced products, Goldmarketer has always been at the forefront of integrating cutting-edge technology into its operations. The launch of its 24-hour AI-powered customer service is a major milestone, not just for Goldmarketer but for the entire financial services industry. As digital platforms become increasingly integrated into daily financial management, the need for immediate, precise, and round-the-clock support is growing. Recognizing this shift, Goldmarketer.com has leveraged the power of artificial intelligence to ensure that users have access to real-time assistance, whenever they need it. Why AI-Powered Customer Service? Traditional customer support models in the financial industry, particularly those dealing with complex and diverse products like forex, crypto, and digital gold, often struggle to provide quick responses or address inquiries effectively. This can lead to frustration among users, especially during critical trading moments when every second counts. Goldmarketer.com's AI intelligent customer service is designed to tackle these challenges by using advanced algorithms and machine learning to handle a wide array of customer inquiries, from basic account-related questions to more complex financial transactions. The system can interpret user queries in real-time, offering highly relevant and accurate responses in a fraction of a second. Whether it's assisting with forex trading strategies, providing updates on cryptocurrency prices, or offering guidance on ETF investments, the AI system ensures that users receive precise, helpful support without delay. The Power of 24-Hour Availability In today's fast-paced financial environment, markets operate around the clock. Forex trading and cryptocurrency exchanges, for example, never sleep. For active traders, this means that support needs to be available at any time, regardless of time zone. Goldmarketer.com's AI-powered customer service is a game-changer because it operates 24 hours a day, 7 days a week. Users can access help no matter where they are or what time it is, eliminating the need to wait for human agents to become available. The platform's AI is capable of handling a wide range of common queries automatically, but it also seamlessly escalates more complex issues to human agents when necessary. This hybrid approach ensures that users get both the speed and the personalized attention they need, while still benefiting from the efficiency of AI. How It Works Goldmarketer.com's AI-powered customer service is integrated directly into the platform, accessible via the website, mobile app, and other user interfaces. When users encounter an issue or have a question, they simply type or speak their query into the system. The AI then processes the request using natural language processing (NLP) to understand the intent behind the query, before providing an answer or taking action. In cases where the query requires a more nuanced response or specialized knowledge, the AI will prompt the user to either schedule a call with a human agent or continue the conversation in more detail. The AI system can handle inquiries in multiple languages, ensuring that Goldmarketer's global user base receives support in their native language, enhancing accessibility and user experience. Benefits for Users Instant Support: With AI handling requests around the clock, users no longer need to wait for business hours or deal with long response times. Enhanced Accuracy: Powered by machine learning, the AI continuously improves its ability to understand and address user needs, reducing the chances of human error. Scalable Assistance: Whether there's a spike in user activity or a steady stream of queries, the AI is designed to scale seamlessly, ensuring that every user gets the help they need without delay. Global Reach: The 24-hour availability and multilingual support mean that users across the world-no matter where they are-can receive expert guidance whenever they need it. Personalized Experience: The AI is not just a generic response tool; it's designed to learn from interactions, offering tailored recommendations and personalized insights based on a user's trading habits and preferences. Looking Ahead: The Future of Financial Platforms The integration of AI in customer service is just one of many ways Goldmarketer.com is embracing technological innovation to improve user experience. With the financial industry increasingly turning to automation and AI to streamline processes, Goldmarketer.com is leading the way with its smart customer service system. Looking ahead, the platform plans to expand the capabilities of its AI system to offer even more sophisticated tools for users, from automated trading insights to personalized portfolio management suggestions. By continually evolving its technology, Goldmarketer aims to remain at the forefront of the digital finance revolution. Conclusion Goldmarketer.com's launch of the world's first 24-hour AI intelligent customer service represents a significant step forward in the evolution of online financial platforms. As the demand for instantaneous, accurate, and round-the-clock support grows, this innovative feature positions Goldmarketer as not just a platform for digital gold and financial derivatives, but as a pioneer in the future of customer service in the financial industry. With AI at the helm, users can expect a smoother, more efficient experience-no matter the time of day or night. Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. CONTACT: Jack Levin support at goldmarketer.com
Dallas Cowboys vs. Washington Commanders: This expert prediction includes our best bet of the game. AP Pat Sharyon | Special Correspondent The Dallas Cowboys will head to the nation’s capital to face the Washington Commanders in Week 12 of the NFL season at Northwest Stadium on Sunday at 1 p.m. EST. Our best bet for tomorrow’s contest is Over 44.5 points (-115). In anticipation of this NFC East matchup, the data analysts at Dimers.com have simulated the game 10,000 times, and then compared these results to current NFL betting odds to inform the data-driven betting preview provided to you below. This preview includes Dimers’ best bets and predicted scoreline for Dallas Cowboys vs. Washington Commanders. To unlock Dimers’ full suite of data-driven betting insights, which includes daily props, trends, and parlays, sign up for Dimers Pro with promo code SYRACUSE10 , which will save you 10% off your first subscription payment. Note: If you’re using this game preview to bet on NFL games, you can claim huge betting bonuses with our brand new exclusive bet365 bonus code “SYRACUSE”, while sports fans in New York State can take full advantage of our NBA League Pass FanDuel promo code. Additionally, bettors are encouraged to check out this exclusive promo offer from DraftKings and BetMGM. Cowboys vs. Commanders betting preview Utilize the interactive widget below to view the current spread, total, and moneyline odds and probabilities for the Cowboys-Commanders game at Northwest Stadium. This prediction and best bet for Sunday’s NFL matchup between the Cowboys and Commanders is from Dimers.com , a reliable source for sports betting predictions. Check out all the important details on today’s game, as well as the best odds sourced from the top sportsbooks in the country. Game details The key information you need before the Cowboys vs. Commanders NFL game. Teams: Dallas Cowboys vs. Washington Commanders Date: Sunday, November 24, 2024 Kickoff: 1 p.m. EST Location: Northwest Stadium NFL standings: Current NFL division standings NFL injuries: Check the latest updates to the official NFL injury report Odds The latest and best odds for the NFL contest between the Cowboys and Commanders. Spread: Cowboys +10.5 (-110), Commanders -10.5 (-105) Moneyline: Cowboys +450, Commanders -560 Total: Over/Under 44.5 (-115/-105) The odds and lines presented in this article are the best available from selected sports betting site at the time of publication and are subject to change. Expert prediction: Cowboys vs. Commanders Leveraging advanced data analysis and advanced algorithms, the experts at Dimers have performed 10,000 simulations of Sunday’s Cowboys vs. Commanders matchup. According to Dimers’ popular predictive analytics model, the Commanders are more likely to beat the Cowboys at Northwest Stadium. This prediction is based on the model giving the Commanders an 83% chance of winning the game. Furthermore, Dimers predicts that the bookmakers have got it right and the Cowboys and Commanders each have a 50% chance of covering the spread, while the over/under total of 44.5 points has a 53% chance of going over. As always, these predictions and probabilities are accurate at the time of publication but are subject to change. Cowboys vs. Commanders best bet Our top pick for the Cowboys vs. Commanders Week 12 NFL game is to bet on Over 44.5 points (-115) . This expert betting advice is based on world-class simulations and valuable betting intelligence, designed to help you make smarter investments. Score prediction for Cowboys vs. Commanders Dimers’ projected final score for the Dallas vs. Washington game on Sunday has the Commanders winning 27-17. This expert prediction is based on each team’s average score following 10,000 game simulations, offering a glimpse into the potential outcome. NFL player props: Sunday NFL props are a popular way to wager on Sunday’s game without necessarily betting on its outcome. This article features the most likely first and anytime touchdown scorers for the Cowboys and Commanders, as well as projected player stats. Dallas Cowboys First touchdown scorer predictions Rico Dowdle: 8.3% probability CeeDee Lamb: 8.2% probability KaVontae Turpin: 5.6% probability Anytime touchdown predictions Rico Dowdle: 36.4% probability CeeDee Lamb: 36.3% probability KaVontae Turpin: 26.6% probability Projected box score leaders QB passing yards: Cooper Rush , 188 yards Receiving yards: CeeDee Lamb , 70 yards Rushing yards: Rico Dowdle , 53 yards Washington Commanders First touchdown scorer predictions Jayden Daniels: 12.3% probability Brian Robinson: 11.6% probability Terry McLaurin: 9.5% probability Anytime touchdown predictions Jayden Daniels: 49.4% probability Brian Robinson: 46.8% probability Terry McLaurin: 40.3% probability Projected box score leaders QB passing yards: Jayden Daniels , 200 yards Receiving yards: Terry McLaurin , 70 yards Rushing yards: Brian Robinson , 62 yards NFL Week 12: Cowboys vs. Commanders Get ready for Sunday’s action between the Cowboys and Commanders in Week 12 of the NFL season at Northwest Stadium, which is scheduled to start at 1 p.m. EST. We emphasize that all of the NFL best bets and NFL predictions on this page are derived from 10,000 data-driven simulations of the Cowboys vs. Commanders matchup, and they are accurate at the time of publication. They aim to help you make more informed choices when placing bets at online sportsbooks . Please remember to gamble responsibly and seek reliable sources for accurate and up-to-date information when making online betting choices. More sports betting Notre Dame vs. Army: Updated bet365 “SYRACUSE” secures $150 in bonus bets for NCAAF Week 13 Eagles vs. Rams Sunday Night Football prop odds released: Your strategy to turn $5 into $15K Army vs. Notre Dame prediction, odds, best bets for NCAAF Week 13 FanDuel promo code: How a $5 bet on college football today can unlock NBA League Pass trial plus $150 in bonus bets Notre Dame vs. Army: Latest DraftKings promo code offers two exclusive $150 sports betting offers for NCAAF Week 13 If you or a loved one has questions or needs to talk to a professional about gambling, call 1-800-GAMBLER or visit 1800gambler.net for more information.Deion Sanders took to social media to air his grievances about his son Shedeur Sanders' exclusion from the Heisman Trophy finalists. In doing so, Sanders seemed to embrace the narrative pushed by social media trolls comparing random stats between Shedeur and Oregon's Dillon Gabriel. While the passionate defense of his son was expected, many observers believe the Heisman voters got it right when selecting their finalists. Shedeur Sanders has indeed had a remarkable season, posting historic numbers for Colorado. His achievements include leading the FBS in completion percentage (74.2%) and being in the top five in categories such as completions per game, passing touchdowns, passing yards per game, and pass efficiency. Additionally, he broke numerous records, including becoming the 16th player in NCAA history to surpass 14,000 career passing yards while maintaining an elite touchdown-to-interception ratio. He has thrown a touchdown in 48 consecutive games, a streak that is unprecedented in both FBS and FCS history. These stats firmly place Shedeur among the best quarterbacks in the nation. Javascript is required for you to be able to read premium content. Thanks for the feedback.
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/enNEW ORLEANS — A scruffy little fugitive is on the lam again in New Orleans, gaining fame as he outwits a tenacious band of citizens armed with night-vision binoculars, nets and a tranquilizer rifle. Scrim, a 17-pound mutt that's mostly terrier, has become a folk hero, inspiring tattoos, T-shirts and even a ballad as he eludes capture from the posse of volunteers. And like any antihero, Scrim has a backstory: Rescued from semi-feral life at a trailer park and adopted from a shelter, the dog broke loose in April and scurried around the city until he was cornered in October and brought to a new home. Weeks later, he'd had enough. Scrim leaped out of a second-story window, a desperate act recorded in a now-viral video. Since then, despite a stream of daily sightings, he's roamed free. The dog’s fans include Myra and Steve Foster, who wrote “Ode to Scrim” to the tune of Ricky Nelson’s 1961 hit, “I’m a Travelin’ Man.” Michelle Cheramie, founder of Zeus' Rescues, at her office in New Orleans on Dec. 9 with a whiteboard index of sheltered cats and dogs and a Scrim look-alike recuperating in the background. Leading the recapture effort is Michelle Cheramie, a 55-year-old former information technology professional. She lost everything — home, car, possessions — in Hurricane Katrina in 2005, and in the aftermath, found her calling rescuing pets. “I was like, ‘This is what I should be doing,’” Cheramie said. “I was born to rescue.” She launched Zeus’ Rescues, a nonprofit shelter that now averages 600 cat and dog adoptions a year and offers free pet food to anyone who needs it. She helped Scrim find the home he first escaped from. It was Cheramie's window Scrim leaped from in November. She's resumed her relentless mission since then, posting flyers on telephone poles and logging social media updates on his reported whereabouts. She's invested thousands of dollars on wildlife cameras, thermal sensors and other gear. She took a course offered by the San Diego Zoo on the finer points of tranquilizing animals. And she's developed a network of volunteers — the kind of neighbors who are willing to grid-search a city at 3 a.m. Scrim on Oct. 24 at the Metairie Small Animal Hospital in Metairie, La. People like writer David W. Brown, who manages a crowd-sourced Google Map of all known Scrim sightings. He says the search galvanized residents from all walks of life to come together. As they search for Scrim, they hand out supplies to people in need. “Being a member of the community is seeing problems and doing what you can to make life a little better for the people around here and the animals around you,” Brown said. Neighbor Tammy Murray had to close her furniture store and lost her father to Parkinson's disease. This search, she says, got her mojo back. “Literally, for months, I’ve done nothing but hunt this dog,” said Murray, 53. “I feel like Wile E. Coyote on a daily basis with him.” Murray drives the Zeus' Rescues van toward reported Scrim sightings. She also handles a tactical net launcher, which looks like an oversized flashlight and once misfired, shattering the van's window as Scrim sped away. After realizing Scrim came to recognize the sound of the van's diesel engine, Murray switched to a Vespa scooter for stealth. Michelle Cheramie, director of Zeus' Rescues, left, walks with Scrim on Oct. 24 at the Metairie Small Animal Hospital in Metairie, La. Near-misses have been tantalizing. The search party spotted Scrim napping beneath an elevated house, and wrapped construction netting around the perimeter, but an over-eager volunteer broke ranks and dashed forward, leaving an opening Scrim slipped through. Scrim's repeated escapades prompted near-daily local media coverage and a devoted online following. Cheramie can relate. “We’re all running from something or to something," she said. "He's doing that, too.” Cheramie's team dreams of placing the pooch in a safe and loving environment. But a social media chorus growing under the hashtag #FreeScrim has other ideas — they say the runaway should be allowed a life of self-determination. The animal rescue volunteers consider that misguided. “The streets of New Orleans are not the place for a dog to be free,” Cheramie said. “It’s too dangerous.” Scrim rests in a kennel Oct. 24 at the Metairie Small Animal Hospital in Metairie, La. Scrim was a mess when Cheramie briefly recaptured him in October, with matted fur, missing teeth and a tattered ear. His trembling body was scraped and bruised, and punctured by projectiles. A vet removed one, but decided against operating to take out a possible bullet. The dog initially appeared content indoors, sitting in Cheramie's lap or napping beside her bed. Then while she was out one day, Scrim chewed through a mesh screen, dropped 13 feet to the ground and squeezed through a gap in the fence, trotting away. Murray said Cheramie's four cats probably spooked him. Cheramie thinks they may have gotten territorial. Devastated but undeterred, the pair is reassessing where Scrim might fit best — maybe a secure animal sanctuary with big outdoor spaces where other dogs can keep him company. Somewhere, Murray says, “where he can just breathe and be.” Scrim sits in the arms of Zoey Ponder on Oct. 24 at Metairie Small Animal Hospital in Metairie. Scrim at the Terrebonne Parish Animal Shelter in Louisiana. A Scrim sticker for sale Dec. 9 at Zeus' Rescues office to raise money for the shelter in New Orleans. A homemade portrait of Scrim hangs Dec. 9 in the Zeus' Rescues shelter in New Orleans. Scrim spends some time outside Oct. 24 with Michelle Cheramie, director of Zeus' Rescues, in a fenced-in area at Metairie Small Animal Hospital in Metairie. Receive the latest in local entertainment news in your inbox weekly!Mokshada Ekadashi is a highly significant day for devotees, dedicated to the worship of Lord Vishnu. On this sacred occasion, many followers observe a strict fast, offer prayers to Shri Hari, and visit temples to seek his blessings. Mokshada Ekadashi falls on the Ekadashi Tithi of the Shukla Paksha in the month of Margashirsha. This year, the auspicious day will be celebrated on December 11, 2024. Mokshada Ekadashi 2024 : Date and Time Ekadashi Tithi Begins - December 11, 2024 - 03:42 AM Ekadashi Tithi Ends - December 12, 2024 - 01:09 AM Parana Time - December 12, 2024 - 07:04 AM to 09:08 AM Parana Day Dwadashi End Moment - December 12, 2024 - 10:26 PM Mokshada Ekadashi 2024: Significance There are 24 Ekadashi observances throughout the year, with Ekadashi occurring twice a month during both the Shukla Paksha and Krishna Paksha. This time, Mokshada Ekadashi will fall in the month of Margashirsha during Shukla Paksha. As the name suggests, Mokshada Ekadashi is believed to grant salvation, liberating devotees from the cycle of birth and death. Worshipping Lord Vishnu on Ekadashi is highly auspicious. Devotees who offer their prayers to Bhagwan Vishnu are blessed with peace, prosperity, and all the pleasures of life. He fulfills their deepest desires. Mokshada Ekadashi, in particular, holds the ultimate goal of achieving salvation. Those who observe a fast on this day are believed to be cleansed of their past misdeeds and are granted a place in Lord Vishnu's eternal abode, Vaikuntha Dham. 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Clean your house and puja room. Place an idol of Lord Vishnu, Lord Krishna, and Laddoo Gopal Ji, and give them a ritual bath. If you don't have an idol, place a photo of Lord Vishnu on a wooden plank along with a Shree Yantra. Light a lamp with desi ghee in front of the idol and offer Tulsi leaves. Offer a garland, sweets, fruits, and items like paan, laung, elaichi, and supari. Chant mantras associated with Lord Vishnu to invoke his presence. Recite the Vishnu Sahasranama and the Shree Hari Stotram. In the evening, offer prayers to Lord Vishnu again and narrate the story associated with the day. Chant Lord Vishnu's aarti and seek his blessings. You can break your fast with fruits and consume healthy drinks like fresh juice or coconut water. For those who are unable to observe a strict fast, they may consume food allowed for fasting. Those who fast strictly should break their fast the following day on Dwadashi Tithi during the Parana time. Mantra 1. Om Namo Bhagvate Vasudevaye..!! 2. Achyutam Keshvam Krishna Damodaram Ram Narayanam Jaanki Vallabham..!! 3. Hare Ram Hare Ram Ram Ram Hare Hare Hare Krishna Hare Krishna Krishna Krishna Hare Hare..!! 4. Ram Ram Raameti Rame Raame Manorame Sahasranama Tatulyam Ram Naam Varanane..!! (You can now subscribe to our Economic Times WhatsApp channel )
The Chief of Defence Staff (CDS), General Christopher Gwabin Musa, has expressed hope in the possible extradition of Nigerian separatist agitator and self-acclaimed leader of the proscribed Indigenous People of Biafra (IPOB), Simon Ekpa, to Nigeria. Director of Defence Information, Brig Gen Tukur Gusau in a short press statement said the Defence Chief is happy with the arrest of Simon Ekpa in Finland. According to the statement, “CDS is happy with his arrest in Finland, with the hope this will be a step towards his extradition to Nigeria so that he will face justice.” Tribune Online reports that Finnish Central Criminal Police confirmed the arrests on Thursday, alongside four others over terrorism-related activities. “The detention demands are related to a preliminary investigation in which a Finnish citizen of Nigerian descent, born in the 1980s, is suspected of public incitement to commit a crime with terrorist intent,” the authorities said. Following the arrest, the Finland district court in Lahti ordered the remand of Simon Ekpa on probable cause for public incitement to commit a crime with terrorist intent in Nigeria. Ekpa was accused of using social media platforms to spread separatist propaganda linked to IPOB, a group advocating for the secession of southeastern Nigeria. Finland authorities have also investigated Ekpa in the past for alleged financial crimes, including the collection of funds through questionable means. ALSO READ TOP STORIES FROM NIGERIAN TRIBUNE Get real-time news updates from Tribune Online! Follow us on WhatsApp for breaking news, exclusive stories and interviews, and much more. Join our WhatsApp Channel nowWhile appearing on MSNBC on Saturday, former Democratic Ohio Rep. Tim Ryan called for a "rebranding" of his party which he says is "toxic in so many places." After Vice President Kamala Harris lost this year's election to President-elect Donald Trump , the Democrats have been in a reflection period, with some scrutinizing what the party has become and how it led to the Democratic presidential nominee's loss. In a post-election statement , Senator Bernie Sanders , an independent from Vermont, "It should come as no great surprise that a Democratic Party which has abandoned working class people would find that the working class has abandoned them." Tim Ryan, who represented Ohio's 17th district from 2003 to 2013 and then its 13th district from 2013 to 2023, told the hosts of MSNBC's The Weekend on Saturday morning, that Democrats failed to bring in working-class Americans by boasting about how the Biden-Harris administration supported them with legislation like the Inflation Reduction Act and the CHIPS and Science Act, which put nearly $53 billion in U.S. semiconductor manufacturing and research. He then called for a "complete reboot" of the party, asking to go back to the President Bill Clinton era of Democratic politics. "You start with a complete reset. We need a rebrand. I think you and I have been talking about this since 2016," said Ryan, who left his House seat to run a failed Senate campaign against now-Vice President-elect JD Vance , to host Michael Steele, the former chairman of the Republican National Committee (RNC). In 2016, Democratic Presidential nominee Hillary Clinton , former Secretary of State and wife to Bill Clinton, lost to Trump, a Republican New York real estate businessman who just came onto the political scene. "Our brand is toxic in so many places, and it is like, 'you are a Democrat?' That's the stuff we get in Ohio. We need a complete reboot. We need a complete reboot with the DNC . We need a complete rebranding," Ryan continued. "People want to trust us. They don't want to go to Donald Trump. I'm telling you, the middle-of-the-road people, they're holding their nose to vote for him, but we did not give them enough, like, we are reindustrializing, we are talking about American competitiveness." There has been division among Democrats on how to handle the cryptocurrency industry with some seeing it as innovative and others viewing it as a source of scams. Ryan continued: "We are moderate on things like natural gas in western PA which ended up being a big issue that we can't be for natural gas displacing coal. We are in a big fight with the crypto industry. What are we doing? Why are we in a fight with crypto right now? We've got to get back to the bread-and-butter policies." Newsweek reached out to the Democratic National Committee (DNC) via email for comment and We The People, an American unity group founded by Ryan, via email for comment from Ryan on Saturday afternoon. Ryan talked about the Democratic party getting back to the idea that it is the party of the middle class. "White, Black, brown, gay, straight, man, woman, North, South. If you're a working-class person, the Democratic party is for you," he said. "We have to lead with the economy. We have to lead with growth...It is about getting back to—it is the Bill Clinton campaign," Ryan said. Bill Clinton's first presidential campaign in 1992 focused on domestic policy, specifically, increasing jobs and economic growth. Democratic political strategist James Carville, who rose to national prominence working on the 1992 Clinton campaign famously said, "It's the economy, stupid." On a recent episode of his podcast Politics War Room, Carville also criticized the Democratic party , telling his co-host Al Hunt, a renowned journalist, "The damage that the 2024 campaign has done—the damage that this decade has done to a Democratic brand is almost unfathomable."
Options Corner: Palantir Call Spreads Remain Compelling Despite Overvaluation ConcernsREDWOOD CITY, Calif.--(BUSINESS WIRE)--Dec 9, 2024-- C3.ai, Inc. (“C3 AI,” “C3,” or the “Company”) (NYSE: AI), the Enterprise AI application software company, today announced financial results for its fiscal second quarter ended October 31, 2024. “We had an outstanding quarter with strong top- and bottom-line performance to mark our seventh consecutive quarter of accelerating revenue growth,” said Thomas M. Siebel, Chairman and CEO, C3 AI. “It is difficult to overstate the potential of the Microsoft–C3 AI strategic alliance,” said Siebel. “By establishing C3 AI as a preferred AI application provider on Azure and creating a Microsoft-scale go-to-market engine, we’re making it easy for businesses to adopt and deploy C3 AI applications. This is an inflection point for Enterprise AI, driving growth.” Fiscal Second Quarter 2025 Financial Highlights Microsoft Azure Strategic Alliance Partner Network C3 AI reinforced its leadership in Enterprise AI, strengthened by a thriving partner ecosystem to accelerate Enterprise AI adoption. Business Highlights C3 AI had continuing momentum with significant Federal and commercial successes and strengthened strategic partnerships. Federal Momentum Federal business demonstrated strong execution, securing key wins and expansions across multiple agencies. C3 Generative AI C3 AI further strengthens its competitive edge in generative AI, affirming its market leadership. Financial Outlook: The Company’s guidance includes GAAP and non-GAAP financial measures. The following table summarizes C3 AI’s guidance for the third quarter of fiscal 2025 and full-year fiscal 2025: (in millions) Third Quarter Fiscal 2025 Guidance Full Year Fiscal 2025 Guidance Total revenue $95.5 - $100.5 $378.0 - $398.0 Non-GAAP loss from operations $(38.6) - $(46.6) $(105.0) - $(135.0) A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future. Stock-based compensation expense-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by the timing of employee stock transactions, the future fair market value of our common stock, and our future hiring and retention needs, all of which are difficult to predict and subject to constant change. We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our historical non-GAAP results included in this press release. Our fiscal year ends April 30, and numbers are rounded for presentation purposes. Conference Call Details What: C3 AI Second Quarter Fiscal 2025 Financial Results Conference Call When: Monday, December 9, 2024 Time: 2:00 p.m. PT / 5:00 p.m. ET Participant Registration: https://register.vevent.com/register/BI383ae1e1c80b4221a65de6c2c2baf582 (live) Webcast: https://edge.media-server.com/mmc/p/xf8dudjw (live and replay) Investor Presentation Details An investor presentation providing additional information and analysis can be found at our investor relations page at ir.c3.ai . Statement Regarding Use of Non-GAAP Financial Measures The Company reports the following non-GAAP financial measures, which have not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. We use these non-GAAP financial measures internally for financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. Our presentation of non-GAAP financial measures may not be comparable to similar measures used by other companies. We encourage investors to carefully consider our results under GAAP, as well as our supplemental non-GAAP information and the reconciliation between these presentations, to more fully understand our business. Please see the tables included at the end of this release for the reconciliation of GAAP to non-GAAP financial measures. Other Information Professional Services Revenue Our professional services revenue includes service fees and prioritized engineering services. Service fees include revenue from services such as consulting, training, and paid implementation services. For service fees, revenue is typically recognized over time as the services are performed. Prioritized engineering services are undertaken when a customer requests that we accelerate the design, development, and delivery of software features and functions that are planned in our future product roadmap. When we agree to this, we negotiate an agreed upon fee to accelerate the development of the software. When the software feature is delivered, it becomes integrated to our core product offering, is available to all subscribers of the underlying software product, and enhances the operation of that product going forward. Such prioritized engineering services result in production-level computer software – compiled code that enhances the functionality of our production products – which is available for our customers to use over the life of their software licenses. Per Accounting Standards Codification (ASC) 606, Prioritized engineering services revenue is recognized as professional services over the period in which the software development is completed. Total professional services revenue consists of: Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 (in thousands) (in thousands) Prioritized engineering services $ 9,661 $ 4,852 $ 20,310 $ 13,100 Service fees 3,515 1,928 6,623 4,690 Total professional services revenue $ 13,176 $ 6,780 $ 26,933 $ 17,790 Use of Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements in this press release include, but are not limited to, statements regarding our market leadership position, anticipated benefits from our partnerships, financial outlook, our sales and customer opportunity pipeline including our industry diversification, the expected benefits of our offerings (including the potential benefits of our C3 Generative AI offerings), and our business strategies, plans, and objectives for future operations. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including our history of losses and ability to achieve and maintain profitability in the future, our historic dependence on a limited number of existing customers that account for a substantial portion of our revenue, our ability to attract new customers and retain existing customers, market awareness and acceptance of enterprise AI solutions in general and our products in particular, the length and unpredictability of our sales cycles and the time and expense required for our sales efforts. Some of these risks are described in greater detail in our filings with the Securities and Exchange Commission, including our Quarterly Reports on Form 10-Q for the fiscal quarters ended July 31, 2024 and, when available, October 31, 2024, although new and unanticipated risks may arise. The future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur. Except to the extent required by law, we do not undertake to update any of these forward-looking statements after the date of this press release to conform these statements to actual results or revised expectations. About C3.ai, Inc. C3.ai, Inc. (NYSE:AI) is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 AI Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications, C3 AI applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally, and C3 Generative AI, a suite of domain-specific generative AI offerings for the enterprise. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (Unaudited) Three Months Ended October Six Months Ended October 31, 2024 2024 2023 2024 2023 Revenue Subscription (1) $ 81,162 $ 66,449 $ 154,618 $ 127,801 Professional services (2) 13,176 6,780 26,933 17,790 Total revenue 94,338 73,229 181,551 145,591 Cost of revenue Subscription 35,038 30,937 68,330 61,371 Professional services 1,460 1,179 3,215 2,558 Total cost of revenue 36,498 32,116 71,545 63,929 Gross profit 57,840 41,113 110,006 81,662 Operating expenses Sales and marketing (3) 55,643 49,895 107,768 93,780 Research and development 55,715 50,399 108,642 101,267 General and administrative 21,770 20,215 41,470 40,104 Total operating expenses 133,128 120,509 257,880 235,151 Loss from operations (75,288 ) (79,396 ) (147,874 ) (153,489 ) Interest income 9,560 10,480 19,563 20,602 Other income (expense), net 13 (638 ) 41 (877 ) Loss before provision for income taxes (65,715 ) (69,554 ) (128,270 ) (133,764 ) Provision for income taxes 257 226 529 374 Net loss $ (65,972 ) $ (69,780 ) $ (128,799 ) $ (134,138 ) Net loss per share attributable to Class A and Class B common stockholders, basic and diluted $ (0.52 ) $ (0.59 ) $ (1.02 ) $ (1.15 ) Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted 127,870 118,656 126,434 117,125 (1) Including related party revenue of $10,581 for the six months ended October 31, 2023. (2) Including related party revenue of $5,804 for the six months ended October 31, 2023. (3) Including related party sales and marketing expense of $810 for the six months ended October 31, 2023. C3.AI, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except for share and per share data) (Unaudited) October 31, 2024 April 30, 2024 Assets Current assets Cash and cash equivalents $ 121,274 $ 167,146 Marketable securities 609,100 583,221 Accounts receivable, net of allowance of $486 and $359 as of October 31, 2024 and April 30, 2024, respectively 159,987 130,064 Prepaid expenses and other current assets 27,458 23,963 Total current assets 917,819 904,394 Property and equipment, net 84,198 88,631 Goodwill 625 625 Other assets, non-current 43,647 44,575 Total assets $ 1,046,289 $ 1,038,225 Liabilities and stockholders’ equity Current liabilities Accounts payable $ 20,611 $ 11,316 Accrued compensation and employee benefits 41,755 44,263 Deferred revenue, current 35,663 37,230 Accrued and other current liabilities 23,979 9,526 Total current liabilities 122,008 102,335 Deferred revenue, non-current 127 1,732 Other long-term liabilities 65,193 60,805 Total liabilities 187,328 164,872 Commitments and contingencies Stockholders’ equity Class A common stock 125 120 Class B common stock 3 3 Additional paid-in capital 2,077,044 1,963,726 Accumulated other comprehensive income (loss) 521 (563 ) Accumulated deficit (1,218,732 ) (1,089,933 ) Total stockholders’ equity 858,961 873,353 Total liabilities and stockholders’ equity $ 1,046,289 $ 1,038,225 C3.AI, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Six Months Ended October 31, 2024 2023 Cash flows from operating activities: Net loss $ (128,799 ) $ (134,138 ) Adjustments to reconcile net loss to net cash used in operating activities Depreciation and amortization 6,092 6,220 Non-cash operating lease cost 203 454 Stock-based compensation expense 111,721 104,049 Accretion of discounts on marketable securities (7,618 ) (8,755 ) Other 418 — Changes in operating assets and liabilities Accounts receivable (1) (30,051 ) (8,567 ) Prepaid expenses, other current assets and other assets (2) (1,993 ) (665 ) Accounts payable (3) 9,294 (2,918 ) Accrued compensation and employee benefits (4,815 ) (2,551 ) Operating lease liabilities (1,215 ) 7,804 Other liabilities (4) 19,284 1,709 Deferred revenue (5) (3,172 ) (7,296 ) Net cash used in operating activities (30,651 ) (44,654 ) Cash flows from investing activities: Purchases of property and equipment (1,739 ) (16,631 ) Capitalized software development costs — (2,750 ) Purchases of marketable securities (365,926 ) (489,871 ) Maturities and sales of marketable securities 348,750 412,554 Net cash used in investing activities (18,915 ) (96,698 ) Cash flows from financing activities: Proceeds from issuance of Class A common stock under employee stock purchase plan 5,009 5,055 Proceeds from exercise of Class A common stock options 4,472 10,163 Taxes paid related to net share settlement of equity awards (5,787 ) (9,686 ) Net cash provided by financing activities 3,694 5,532 Net decrease in cash, cash equivalents and restricted cash (45,872 ) (135,820 ) Cash, cash equivalents and restricted cash at beginning of period 179,712 297,395 Cash, cash equivalents and restricted cash at end of period $ 133,840 $ 161,575 Cash and cash equivalents $ 121,274 $ 149,009 Restricted cash included in other assets 12,566 12,566 Total cash, cash equivalents and restricted cash $ 133,840 $ 161,575 Supplemental disclosure of cash flow information—cash paid for income taxes $ 534 $ 281 Supplemental disclosures of non-cash investing and financing activities: Purchases of property and equipment included in accounts payable and accrued liabilities $ 117 $ 7,293 Right-of-use assets obtained in exchange for lease obligations (including remeasurement of right-of-use assets and lease liabilities due to changes in the timing of receipt of lease incentives) $ 1,345 $ 778 Vesting of early exercised stock options $ 216 $ 294 (1) Including changes in related party balances of $12,444 for the six months ended October 31, 2023. (2) Including changes in related party balances of $(810) for the six months ended October 31, 2023. (3) Including changes in related party balances of $248 for the six months ended October 31, 2023. (4) Including changes in related party balances of $(2,448) for the six months ended October 31, 2023. (5) Including changes in related party balances of $(46) for the six months ended October 31, 2023. C3.AI, INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In thousands, except percentages) (Unaudited) Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Reconciliation of GAAP gross profit to non-GAAP gross profit: Gross profit on a GAAP basis $ 57,840 $ 41,113 $ 110,006 $ 81,662 Stock-based compensation expense (1) 8,311 8,993 16,719 17,509 Employer payroll tax expense related to employee stock-based compensation (2) 171 297 527 838 Gross profit on a non-GAAP basis $ 66,322 $ 50,403 $ 127,252 $ 100,009 Gross margin on a GAAP basis 61 % 56 % 61 % 56 % Gross margin on a non-GAAP basis 70 % 69 % 70 % 69 % Reconciliation of GAAP loss from operations to non-GAAP loss from operations: Loss from operations on a GAAP basis $ (75,288 ) $ (79,396 ) $ (147,874 ) $ (153,489 ) Stock-based compensation expense (1) 57,038 53,169 111,721 104,049 Employer payroll tax expense related to employee stock-based compensation (2) 1,090 1,274 2,362 3,774 Loss from operations on a non-GAAP basis $ (17,160 ) $ (24,953 ) $ (33,791 ) $ (45,666 ) Reconciliation of GAAP net loss per share to non-GAAP net loss per share: Net loss on a GAAP basis $ (65,972 ) $ (69,780 ) $ (128,799 ) $ (134,138 ) Stock-based compensation expense (1) 57,038 53,169 111,721 104,049 Employer payroll tax expense related to employee stock-based compensation (2) 1,090 1,274 2,362 3,774 Net loss on a non-GAAP basis $ (7,844 ) $ (15,337 ) $ (14,716 ) $ (26,315 ) GAAP net loss per share attributable to Class A and Class B common shareholders, basic and diluted $ (0.52 ) $ (0.59 ) $ (1.02 ) $ (1.15 ) Non-GAAP net loss per share attributable to Class A and Class B common shareholders, basic and diluted $ (0.06 ) $ (0.13 ) $ (0.12 ) $ (0.22 ) Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted 127,870 118,656 126,434 117,125 (1) Stock-based compensation expense for gross profits and gross margin includes costs of subscription and cost of professional services as follows. Stock-based compensation expense for loss from operations includes total stock-based compensation expense as follows: Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Cost of subscription $ 7,827 $ 8,514 $ 15,521 $ 16,570 Cost of professional services 484 479 1,198 939 Sales and marketing 20,802 18,226 39,635 35,005 Research and development 17,999 16,685 36,430 33,718 General and administrative 9,926 9,265 18,937 17,817 Total stock-based compensation expense $ 57,038 $ 53,169 $ 111,721 $ 104,049 (2) Employer payroll tax expense related to employee stock-based compensation for gross profits and gross margin includes costs of subscription and cost of professional services as follows. Employer payroll tax expense related to employee stock-based compensation for loss from operations includes total employer payroll tax expense related to employee stock-based compensation as follows: Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Cost of subscription $ 163 $ 282 $ 489 $ 791 Cost of professional services 8 15 38 47 Sales and marketing 450 463 922 1,468 Research and development 231 415 595 1,232 General and administrative 238 99 318 236 Total employer payroll tax expense $ 1,090 $ 1,274 $ 2,362 $ 3,774 Reconciliation of free cash flow to the GAAP measure of net cash used in operating activities: The following table below provides a reconciliation of free cash flow to the GAAP measure of net cash used in operating activities for the periods presented: Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Net cash used in operating activities $ (38,693 ) $ (48,590 ) $ (30,651 ) $ (44,654 ) Less: Purchases of property and equipment (815 ) (5,293 ) (1,739 ) (16,631 ) Capitalized software development costs — (1,250 ) — (2,750 ) Free cash flow $ (39,508 ) $ (55,133 ) $ (32,390 ) $ (64,035 ) Net cash provided by (used in) investing activities $ 22,635 $ (11,898 ) $ (18,915 ) $ (96,698 ) Net cash provided by financing activities $ 3,512 $ 3,055 $ 3,694 $ 5,532 View source version on businesswire.com : https://www.businesswire.com/news/home/20241209723558/en/ CONTACT: Investor Contact ir@c3.aiC3 AI Public Relations Edelman Lisa Kennedy (415) 914-8336 pr@c3.ai KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY ARTIFICIAL INTELLIGENCE SOURCE: C3.ai Copyright Business Wire 2024. PUB: 12/09/2024 04:05 PM/DISC: 12/09/2024 04:06 PM http://www.businesswire.com/news/home/20241209723558/en
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Co-founder and current CEO Scott Knoll to transition to Executive Chairman NEW YORK , Dec. 9, 2024 /PRNewswire/ -- Guideline.ai , a leading provider of advertising data and planning technology, announced that Vincent Mifsud will become its new Chief Executive Officer, succeeding the company's co-founder, Scott Knoll , who will now serve as Executive Chairman. Mifsud brings decades of experience building high-performing teams and impactful technology products. Most recently, Mr. Mifsud was the Global President of Enghouse Systems Limited, a leading global B2B enterprise software company with a suite of vertically focused software products. The company grew significantly during his time at Enghouse, expanding to approximately 1,800 employees and over $350 million in revenue. Prior to joining Enghouse, he was CEO of Scribble Technologies, a leading content marketing SaaS provider, and held executive roles with high-growth companies such as Genesis, Pivotal and Rand Technologies. Mifsud's track record improving customer outcomes through technology and process improvement, along with his experience serving marketers, makes him a perfect fit to join the Guideline team for the next step of its accelerated growth journey. " Scott Knoll's founding vision for Guideline is more relevant now than ever," said Vince Mifsud . "I look forward to working with him and the talented team at Guideline to build on an exciting foundation of the world's most comprehensive and accurate media investment data and the leading media planning application used by the majority of top global advertisers." Knoll founded Guideline in 2020 to improve the media investment ecosystem through new applications of data science. This thesis led to Guideline's acquisitions of Standard Media Index and SQAD in 2022, and Lumina in 2023. Following the acquisitions, Guideline has introduced exciting innovations into the marketplace, including new insights into programmatic media investment activity and a next-generation ad planning software platform. In his role as Executive Chairman, Knoll will continue to drive the Company's integrated product vision and support its customer relationships. "Vince brings a wealth of experience helping businesses achieve their potential and is deeply aligned with our company's vision, values, and growth strategy," said Knoll. "I look forward to working with Vince in support of our customers and partners as we continue to build innovative new products and solutions for the advertising ecosystem." About Guideline Guideline, a leading provider of advertising data and planning technology, has become the world's most trusted authority on media investment and intelligence. The company was formed through the acquisitions of Standard Media Index, SQAD, and Lumina. With its market-leading media planning platform, industry-best ad market data and unrivaled customer service, Guideline effectively meets the evolving needs of today's marketing, media and investment professionals. To learn more about Guideline, visit guideline.ai or follow us on LinkedIn. View original content to download multimedia: https://www.prnewswire.com/news-releases/guideline-announces-vincent-mifsud-as-ceo-302326355.html SOURCE GuidelineFrom $5.3 Billion to $48.8 Billion : Cloud Native Applications Market Decade of Growth | Google, IBM, Oracle, Microsoft
Principal Financial Group Inc. raised its stake in shares of The Baldwin Insurance Group, Inc. ( NASDAQ:BRP – Free Report ) by 40.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,232 shares of the company’s stock after acquiring an additional 21,174 shares during the quarter. Principal Financial Group Inc. owned approximately 0.06% of The Baldwin Insurance Group worth $2,392,000 at the end of the most recent quarter. Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new stake in shares of The Baldwin Insurance Group during the 1st quarter valued at about $207,000. Confluence Investment Management LLC raised its position in shares of The Baldwin Insurance Group by 178.6% during the 2nd quarter. Confluence Investment Management LLC now owns 345,789 shares of the company’s stock worth $12,265,000 after purchasing an additional 221,668 shares during the period. Moody National Bank Trust Division lifted its holdings in shares of The Baldwin Insurance Group by 6.3% in the 2nd quarter. Moody National Bank Trust Division now owns 7,420 shares of the company’s stock worth $263,000 after purchasing an additional 440 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of The Baldwin Insurance Group by 11.2% in the 2nd quarter. Diversified Trust Co now owns 37,800 shares of the company’s stock worth $1,341,000 after purchasing an additional 3,800 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in The Baldwin Insurance Group during the 2nd quarter valued at approximately $5,177,000. 70.42% of the stock is owned by institutional investors and hedge funds. The Baldwin Insurance Group Stock Performance BRP stock opened at $47.83 on Friday. The stock’s fifty day moving average is $48.77 and its two-hundred day moving average is $41.95. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of -51.99, a PEG ratio of 0.91 and a beta of 1.54. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 0.90. The Baldwin Insurance Group, Inc. has a 1 year low of $17.33 and a 1 year high of $33.03. About The Baldwin Insurance Group BRP Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions. The Insurance Advisory Solutions segment provides commercial risk management, employee benefits, and private risk management solutions for businesses and high-net-worth individuals, as well as their families. Further Reading Five stocks we like better than The Baldwin Insurance Group What Is WallStreetBets and What Stocks Are They Targeting? Tesla Investors Continue to Profit From the Trump Trade CD Calculator: Certificate of Deposit Calculator MicroStrategy’s Stock Dip vs. Coinbase’s Potential Rally Profitably Trade Stocks at 52-Week Highs Netflix Ventures Into Live Sports, Driving Stock Momentum Want to see what other hedge funds are holding BRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Baldwin Insurance Group, Inc. ( NASDAQ:BRP – Free Report ). Receive News & Ratings for The Baldwin Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Baldwin Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter .
Principal Financial Group Inc. decreased its position in shares of Heartland Express, Inc. ( NASDAQ:HTLD – Free Report ) by 10.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 204,320 shares of the transportation company’s stock after selling 22,628 shares during the period. Principal Financial Group Inc.’s holdings in Heartland Express were worth $2,509,000 at the end of the most recent reporting period. A number of other institutional investors also recently modified their holdings of HTLD. Nisa Investment Advisors LLC raised its position in Heartland Express by 64.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,565 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 1,007 shares during the last quarter. CWM LLC raised its stake in shares of Heartland Express by 266.3% in the second quarter. CWM LLC now owns 2,729 shares of the transportation company’s stock worth $34,000 after acquiring an additional 1,984 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Heartland Express during the first quarter worth approximately $62,000. Hsbc Holdings PLC bought a new stake in shares of Heartland Express during the second quarter valued at approximately $166,000. Finally, Inspire Advisors LLC increased its holdings in shares of Heartland Express by 11.8% in the second quarter. Inspire Advisors LLC now owns 16,447 shares of the transportation company’s stock valued at $203,000 after purchasing an additional 1,732 shares in the last quarter. Institutional investors own 53.45% of the company’s stock. Analyst Ratings Changes Several research analysts have issued reports on the company. UBS Group reduced their price objective on Heartland Express from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Barclays upped their price target on Heartland Express from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.75. Heartland Express Price Performance Shares of HTLD stock opened at $12.37 on Friday. The firm’s 50 day moving average price is $11.79 and its two-hundred day moving average price is $11.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.17 and a current ratio of 1.17. Heartland Express, Inc. has a 52-week low of $9.63 and a 52-week high of $14.60. The stock has a market cap of $971.05 million, a PE ratio of -42.31 and a beta of 0.71. Heartland Express ( NASDAQ:HTLD – Get Free Report ) last posted its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). Heartland Express had a negative net margin of 2.11% and a negative return on equity of 2.70%. The company had revenue of $259.86 million during the quarter, compared to analyst estimates of $268.35 million. During the same period last year, the company earned ($0.14) EPS. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, analysts forecast that Heartland Express, Inc. will post -0.38 EPS for the current year. Insider Activity In related news, CEO Michael J. Gerdin purchased 35,960 shares of the business’s stock in a transaction on Friday, November 8th. The shares were purchased at an average price of $11.97 per share, with a total value of $430,441.20. Following the completion of the purchase, the chief executive officer now owns 1,311,913 shares in the company, valued at $15,703,598.61. This represents a 2.82 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, major shareholder Ann S. Gerdin Revocable Trust acquired 49,506 shares of the stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $12.24 per share, with a total value of $605,953.44. Following the transaction, the insider now directly owns 898,584 shares of the company’s stock, valued at $10,998,668.16. This represents a 5.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here . Insiders purchased a total of 203,750 shares of company stock valued at $2,370,418 in the last ninety days. 39.60% of the stock is owned by insiders. Heartland Express Profile ( Free Report ) Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium, and long-haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services. Featured Stories Want to see what other hedge funds are holding HTLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heartland Express, Inc. ( NASDAQ:HTLD – Free Report ). Receive News & Ratings for Heartland Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express and related companies with MarketBeat.com's FREE daily email newsletter .
Pittsburgh quarterback Eli Holstein was carted off the field with 5:32 left in the first quarter with an apparent left ankle injury during Saturday's Atlantic Coast Conference game against host Louisville. The freshman was sacked at the Panthers' 49-yard line by Louisville's Ashton Gillotte, who rolled on the quarterback's ankle. Holstein was in a walking boot as he was helped to the cart. Holstein missed last week's game against Clemson after suffering a head injury in the loss to Virginia two weeks ago. Holstein was 3-for-5 passing for 51 yards and an interception before exiting. Nate Yarnell, who threw for 350 yards in the loss to Clemson, replaced Holstein. --Field Level Media
Sinn Fein actively pursuing route into government, insists leader McDonald
Iowa QB Cade McNamara slams 'ridiculous' rumorsFormer President Jimmy Carter left one last parting gift for president-elect Donald Trump after his death at 100 on Sunday. According to the U.S. Department of Veterans Affairs , the American flag should fly at “half-staff for 30 days at all federal buildings, grounds, and naval vessels throughout the United States and its territories and possessions after the death of the president or a former president.” This means that on Trump’s inauguration on Jan. 20, 2025, all flags will be at half-staff in honor of the late president. The longest-living U.S. commander-in-chief, Carter died at his home in Plains, Georgia, his son, Chip, told the Atlanta Journal-Constitution Sunday. Trump sent his condolences to Carter’s family in a Truth Social post Sunday, writing: “Those of us who have been fortunate to have served as President understand this is a very exclusive club, and only we can relate to the enormous responsibility of leading the Greatest Nation in History.” He added: “Melania and I are thinking warmly of the Carter Family and their loved ones during this difficult time. We urge everyone to keep them in their hearts and prayers.” One last gift from Jimmy Carter, all flags will be at half-staff on Inauguration Day pic.twitter.com/vQsl8wlrXY Mufasa: The Lion King and Sonic the Hedgehog 3 continue to bolster the box office’s holiday performance, with both films raking in over $60 million this week. After an initial disappointing opening weekend, Disney’s prequel to its beloved tale bounced back over the Christmas stretch, bringing in a domestic total of around $63.8 million since Wednesday. Meanwhile, Sonic 3 trailed slightly behind with an estimated gross of $60.4 million since Christmas. As both films continue to perform well domestically and overseas, other new releases like Robert Eggers’ Nosferatu also found surprising wins at the holiday box office—with the vampire flick posting $40.3 million during its five-day opening. Elsewhere, the Bob Dylan biopic starring Timothée Chalamet, A Complete Unknown , is also on course to gross $23.3 million over the five-day Christmas stretch, while Nicole Kidman’s raunchy erotica for A24, Babygirl , reported a $7 million five-day opening. Wicked also continues to defy gravity, posting a global gross of $634.4 million and surpassing Mamma Mia! as the highest-grossing stage musical adaptation of all time. Scouted selects products independently. If you purchase something from our posts, we may earn a small commission. Boxing Week sales are still in full swing, folks! As an avid J.Crew fan , I can honestly say that the brand’s discount-laden factory store (the brand’s online outlet) is a great way to get high-quality wardrobe staples without the big price tag. J.Crew Factory always offers discounts up to 40 percent off J.Crew, but for a limited time, you can unlock even more savings from already discounted items. Right now, J.Crew Factory is offering 70 percent off clearance items with the code SALE70 at checkout. Now’s the time to invest in evergreen staples like jeans and office-friendly blazers while they’re half off, or grab a few outwear essentials to round out your cold-weather lineup. The sale also includes tons of denim for just $50, pure cotton crewneck T-shirts for $20, and even new arrivals like NYE frocks and cashmere items. And the sale is not just for women; the gents’ and kids’ sections are equally full of additional savings. Ivanka Trump and Jared Kushner were spotted enjoying themselves at Jeff Bezos ’ holiday party at a high-end sushi restaurant in Colorado, on Saturday. The power couple appeared smiling and holding hands in photos, published by Page Six, that showed them departing the gathering at Matsuhisa’s location in Aspen. Their invite came after Bezos traveled to Mar-a-Lago earlier this month to bend the knee to her father, President-elect Donald Trump. Saturday’s event appeared to serve as a date night for Trump’s eldest daughter and his former adviser after they attended his Mar-a-Lago Christmas gala earlier this week alongside their three kids. The pair kept it casual for the gathering—Kushner wore a dark-teal button-down and black slacks, while Trump donned a brown suede dress, a tan leather jacket, and a pair of high-heel boots. Page Six reported that actor Kevin Costner also made an appearance at the party after being spotted earlier with Jennifer Lopez at a different nearby spot, although she was not at the Amazon founder’s event. Bezos and his fiancée Lauren Sanchez shot down rumors last week that they had married in the same resort town where the gathering was held. Kieran Culkin once got Mark Ruffalo high while on the job after switching out a prop joint with the real thing. In a profile with The Guardian published Saturday, Culkin recalled the prank his 17-year-old self concocted while starring alongside Ruffalo in an off-Broadway play in 2000, and explained that he “just watched” as Ruffalo took a draw of the “fake” joint before passing it to his co-stars on stage. “I’m like, ‘I thought this was a good prank. I’m stupid. Oh my God, I’m so sorry.’ But actually, they loved it,” Culkin remembered. “Mark says, ‘I haven’t smoked pot in 10 years; the second half’s going to be so much fun.’ There was this other actor who had never smoked pot in her life. She goes, ‘Is this what being high is? This is lovely.’ And then Phyllis Newman comes in and goes, ‘I haven’t smoked pot since the 1960s. Thank you, darling.’” The Succession star proceeded to express that he was “17 and stupid” and added, “I’m 42 now. I know better. I’m not going to try to get anyone high on stage.” Scouted selects products independently. If you purchase something from our posts, we may earn a small commission. If you’re looking to revamp your at-home fitness lineup ahead of 2025 and don’t have hours to commit to exercising each day, allow us to introduce you to the CAROL Bike . The science-backed and AI-powered fitness bike is engineered to give you maximum results in the shortest time possible—and by the shortest time, we mean as little as five minutes. In fact, according to the brand, the CAROL bike is “proven to deliver double the health and fitness benefits in 90 percent less time compared to regular cardio.” Free Returns | Free Shipping Not only is it a huge time-saver, but the CAROL Bike is also designed to be personalized to the rider’s individual fitness levels, goals, and preferences, making the workouts easy to follow, time-efficient, and super effective. CAROL’s AI and Reduced Exertion HIIT (REHIT) technology optimizes the workout to your ability and fitness level, so every second matters. The personalized, optimal resistance levels are automatically adjusted as you work out—at exactly the right time—making the most efficient workouts easy to follow. “ CAROL Bike is designed to maximize training efficiency, with the shortest, most effective workouts, backed by science. And new rider-inspired features that give riders more flexibility to exercise their way,” says Ulrich Dempfle, CEO & Co-Founder at CAROL. You can try the CAROL Bike for yourself risk-free for 100 days, and the brand offers free shipping (7-10 business days) in the U.S. Two Sasquatch hunters were found dead after they went missing while searching for the mythical beast on Christmas Eve . The men, aged 37 and 59, were found after a 60-strong volunteer search and rescue team joined authorities in the Gifford Pinchot National Forest in Washington State . They had intended to be home for Christmas Day, but a family member reported them missing to Skamania County authorities after they didn’t return by the morning. Police said the harsh weather conditions and their ill-preparedness for the forest contributed to the men’s deaths. Seven law enforcement agencies and the Coast Guard used canines, drones, ground teams and helicopters to locate them. “Their exhaustive search efforts resulted in bringing family members home to their loved ones,” the sheriff’s office said of the search teams. The force extended their “deepest sympathies and condolences to the families” involved. Loved ones of Hudson Meek, the teen actor who died in a car accident last week, gathered to celebrate his life on Saturday. The “celebration of life” service, held at a Baptist church in Homewood, Alabama, was livestreamed on the Baby Driver star’s Instagram. Several of the loved ones shared their favorite memories of the 16-year-old, and a choir sang in tribute. Fans expressed their appreciation for the service and their condolences in the comment section. “Wonderful celebration of Hudson’s life,” wrote user @melindaeubankswest, while @jeanniecmom added, “Praying for Hudson’s family at this difficult time. Fellow teen actor Grace Culwell shared in the comments that she was in attendance, writing: ”Such a beautiful service & so glad we were able to be there. Sending so much love & prayers to you all.” Meek died on Dec. 21 in from injuries sustained during a fall from a moving car on Dec. 19 in his hometown, Vestavia Hills, Alabama. Meek was known best for appearing in the 2017 crime movie Baby Driver alongside Ansel Elgort, Jon Hamm and Jamie Foxx. A post shared by Hudson Meek (@hudsonmeek) Andy Cohen’s biggest gripe with CNN star and New Year’s Eve partner-in-crime Anderson Cooper? Cooper’s annual giggle fit. Cohen explained to People why the anchor’s unceasing laughter adds extra chaos throughout their annual special. “Well, [it’s] that I have to be the straight guy,” Cohen said. “Literally, he’s in a puddle of giggles for the last 90 minutes of the broadcast, and I’m the one that’s hitting all the commercial breaks.” Cohen said he turns “into Mr. CNN for the last 90 minutes” while Cooper becomes “Mr. Bravo.” “It’s a very funny role reversal,” the Bravo star said. The longtime friends have hosted the CNN event together since 2017 after former co-host Kathy Griffin was booted in the wake of backlash for posing with a mask depicting the severed head of Donald Trump. Cohen and Cooper have found themselves in various antics since then— some alcoholic , some not —leading to Cooper’s own frustrations with the Bravo host. Cooper joked on Cohen’s Watch What Happens Live earlier this month that he constantly worries about “who [Cohen’s] gonna insult and what the clean up on aisle 3 is gonna be in the morning.” Billionaire businessman Charles Dolan, who founded HBO and Cablevision and whose family owns Madison Square Garden and a number of New York City sports teams, died on Saturday—he was 98. Dolan created Cablevision Systems Corporation in 1973, merging several small Long Island cable TV systems, according to the New York Times . At the time, the company served just 1,500 customers. But when he sold it for $17.7 billion in 2015, it supplied cable TV to over three million households in the New York metropolitan area, the Times reported. He also launched HBO in the early ’70s—it was at the time a pioneering cable TV channel that offered feature-length movies with no commercials. After his death, Dolan’s family will continue to be a powerful and influential force in the worlds of media and sports. His son Patrick is the owner of Newsday , the Long Island-based newspaper he and Charles bought in 2016. The family also owns MSG in New York City and the professional sports teams that play there, the NHL’s Rangers and the NBA’s Knicks. All three entities are led by Dolan’s son James. Scouted selects products independently. If you purchase something from our posts, we may earn a small commission. 2025 is quickly approaching, and there’s no better way to celebrate the new year than with 2024’s cocktail du jour—the espresso martini. It’s the perfect way to toast 2025 with sophistication, flavor, and an energy boost. Think you can’t make the buzzy beverage at home because you’re not a bartender? Think again. You can create this beloved cocktail effortlessly with just a cocktail shaker, fresh espresso, vodka, coffee beans, and Mr Black Cold Brew Coffee Liqueur . It all starts in the land Down Under—Australia. Mr Black sources its ingredients, including 100 percent specialty-grade Arabica coffee, from local farmers and cooperatives. The liqueur is then slowly brewed with purified cold water to preserve its delicate, complex flavors. The result? A bittersweet masterpiece with bold flavor, balanced sweetness, and a lasting coffee kick. Its rich, coffee-forward taste is a crowd-pleaser, and the sleek bottle design adds a touch of elegance to any bar cart. Making an espresso martini is simple. Combine Mr Black , vodka, and freshly brewed espresso in a shaker. Add ice and shake vigorously until cold. Then, strain the mixture into a martini glass and finish with three coffee beans as a garnish. Skip the champagne toast this year and ensure you stay awake for the countdown to 2025 with a Mr Black espresso martini. Tina Knowles sprang to her daughter Beyoncé’s defense after online trolls criticized her NFL halftime show performance on Christmas Day. Knowles clapped back at critics by reposting a message about her famous daughter on her Instagram on Friday. In the screenshot, user @iamkrisiman praised Beyoncé and wrote that “no matter how undeniably talented you are, people will always, ALWAYS, always have some negative ish to say.” Knowles cosigned the post in a lengthy caption. “It is mind-boggling to me that you would take your precious Christmas day and watch a performance of someone you hate and you don’t think has talent so that you can go talk ish about it later,” she wrote. “Obviously you are so obsessed with them, addicted to them, and secretly admire them,” she added. According to the New York Post, Knowles’ post came after some social media users called Beyoncé “overrated.” Fans and celebrities in the comments of Knowles’ response seemed to love her mama bear energy. “Period!!! Ms. T,” singer LeToya Luckett wrote. “All. Of. This!!!!!!” Oscar winner Octavia Spencer added. A post shared by Tina Knowles (@mstinaknowles) Elon Musk appeared to borrow a line from the 2008 film Tropic Thunder in an ongoing social media fight about H1B visas. Musk hit back against MAGA’s top players in a series of X posts, alleging that H1B visas are the reason why he, “and hundreds of other companies that made America strong,” are in the country. To a skeptical X user, Musk blasted: “Take a big step back and F--- YOURSELF in the face. I will go to war on this issue the likes of which you cannot possibly comprehend.” Although some were shocked by Musk’s sudden escalation—with former Trump strategist Steve Bannon calling him a “toddler”—others noticed that the disparaging remark was similar to a line in Tropic Thunder . Character Les Grossman, played by Tom Cruise, says in the film: “First, take a big step back, and literally, F--- YOUR OWN FACE ... I don’t know what kind of pan-pacific bulls--t power play you’re trying to pull here, but Asia, Jack, is my territory. So whatever you’re thinking, you’d better think again.” In response to Musk’s comment, the X user tweeted, “Bro was just memeing. I wouldn’t take it too seriously.” Nothing beats the classics pic.twitter.com/MRSdXifhH5
Trump promises to end birthright citizenship: What is it and could he do it?Trump says he had a 'productive meeting' with Trudeau after leaders met for surprise dinner in FloridaAaron Rodgers, Garrett Wilson, Sauce Gardner on Jets' woeful season: 'We're ready ... then we get our ass kicked' | Sporting News
Hyderabad : The Congress government’s assertion of filling 53,000 vacancies in Telangana over the past year has come under scrutiny, with evidence suggesting that these recruitments were initiated during the Bharat Rashtra Samithi (BRS) government’s tenure. Chief Minister Revanth Reddy recently announced during the Praja Vijayotsavalu meeting in Warangal that his government had filled 50,000 vacancies in the last 10 months. Unofficial party figures pushed the total to 53,310, including positions for police personnel and teachers. However, these claims are now being challenged. Many of the positions, including Sub-Inspector, constables, and teachers in residential institutions, were notified and exams conducted during the BRS regime. Key notifications issued by the previous government include: Also Read: KTR Visits Narender Reddy in Cherlapally Jail, Accuses Revanth Reddy of Political Vendetta In comparison, the Telangana Public Service Commission (TSPSC), Telangana Police Recruitment Board, and other recruitment agencies have failed to release significant notifications under Congress’s current rule. Before the elections, Congress promised to fill 2 lakh vacancies within a year. However, only 3,868 jobs have been notified through the Telangana Medical and Health Services Recruitment Board. Even the much-anticipated job calendar, unveiled in the Legislative Assembly, has failed to deliver results. For instance, Congress promised Group-I notifications by October 2024, yet no progress has been made. The latest Group-I notification by the Congress government has landed in legal disputes due to GO 29, which allegedly restricts opportunities for aspirants from reserved categories. The Telangana High Court is set to hear this case on November 26. The BRS government set a benchmark by filling 1,60,083 jobs from 2014 to 2023. Comparatively, the Congress government in undivided Andhra Pradesh recruited only 24,086 vacancies from 2004 to 2014. Unemployed youth who supported Congress in the elections feel let down. Aspirants like Indra Naik and Janardhan from the Telangana Unemployed JAC express their disappointment, accusing Congress of taking credit for jobs created by the BRS government. While Congress boasts about 53,000 jobs, the figures reveal these vacancies were largely processed and planned by the previous government. Critics argue this reflects poorly on the current administration’s ability to meet its ambitious promises. As Telangana progresses, the debate over job creation highlights the challenges faced by governments in fulfilling employment promises. With legal battles and public discontent mounting, the Congress government faces increasing pressure to deliver on its commitments.By REBECCA SANTANA WASHINGTON (AP) — President-elect Donald Trump has promised to end birthright citizenship as soon as he gets into office to make good on campaign promises aiming to restrict immigration and redefining what it means to be American. But any efforts to halt the policy would face steep legal hurdles. Birthright citizenship means anyone born in the United States automatically becomes an American citizen. It’s been in place for decades and applies to children born to someone in the country illegally or in the U.S. on a tourist or student visa who plans to return to their home country. It’s not the practice of every country, and Trump and his supporters have argued that the system is being abused and that there should be tougher standards for becoming an American citizen. But others say this is a right enshrined in the 14th Amendment to the Constitution, it would be extremely difficult to overturn and even if it’s possible, it’s a bad idea. Here’s a look at birthright citizenship, what Trump has said about it and the prospects for ending it: During an interview Sunday on NBC’s “Meet the Press” Trump said he “absolutely” planned to halt birthright citizenship once in office. “We’re going to end that because it’s ridiculous,” he said. Trump and other opponents of birthright citizenship have argued that it creates an incentive for people to come to the U.S. illegally or take part in “birth tourism,” in which pregnant women enter the U.S. specifically to give birth so their children can have citizenship before returning to their home countries. “Simply crossing the border and having a child should not entitle anyone to citizenship,” said Eric Ruark, director of research for NumbersUSA, which argues for reducing immigration. The organization supports changes that would require at least one parent to be a permanent legal resident or a U.S. citizen for their children to automatically get citizenship. Others have argued that ending birthright citizenship would profoundly damage the country. “One of our big benefits is that people born here are citizens, are not an illegal underclass. There’s better assimilation and integration of immigrants and their children because of birthright citizenship,” said Alex Nowrasteh, vice president for economic and social policy studies at the pro-immigration Cato Institute. In 2019, the Migration Policy Institute estimated that 5.5 million children under age 18 lived with at least one parent in the country illegally in 2019, representing 7% of the U.S. child population. The vast majority of those children were U.S. citizens. The nonpartisan think tank said during Trump’s campaign for president in 2015 that the number of people in the country illegally would “balloon” if birthright citizenship were repealed, creating “a self-perpetuating class that would be excluded from social membership for generations.” In the aftermath of the Civil War, Congress ratified the 14th Amendment in July 1868. That amendment assured citizenship for all, including Black people. “All persons born or naturalized in the United States and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside,” the 14th Amendment says. “No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States.” But the 14th Amendment didn’t always translate to everyone being afforded birthright citizenship. For example, it wasn’t until 1924 that Congress finally granted citizenship to all Native Americans born in the U.S. A key case in the history of birthright citizenship came in 1898, when the U.S. Supreme Court ruled that Wong Kim Ark, born in San Francisco to Chinese immigrants, was a U.S. citizen because he was born in the states. The federal government had tried to deny him reentry into the county after a trip abroad on grounds he wasn’t a citizen under the Chinese Exclusion Act. But some have argued that the 1898 case clearly applied to children born of parents who are both legal immigrants to America but that it’s less clear whether it applies to children born to parents without legal status or, for example, who come for a short-term like a tourist visa. “That is the leading case on this. In fact, it’s the only case on this,” said Andrew Arthur, a fellow at the Center for Immigration Studies, which supports immigration restrictions. “It’s a lot more of an open legal question than most people think.” Some proponents of immigration restrictions have argued the words “subject to the jurisdiction thereof” in the 14th Amendment allows the U.S. to deny citizenship to babies born to those in the country illegally. Trump himself used that language in his 2023 announcement that he would aim to end birthright citizenship if reelected. Trump wasn’t clear in his Sunday interview how he aims to end birthright citizenship. Asked how he could get around the 14th Amendment with an executive action, Trump said: “Well, we’re going to have to get it changed. We’ll maybe have to go back to the people. But we have to end it.” Pressed further on whether he’d use an executive order, Trump said “if we can, through executive action.” He gave a lot more details in a 2023 post on his campaign website . In it, he said he would issue an executive order the first day of his presidency, making it clear that federal agencies “require that at least one parent be a U.S. citizen or lawful permanent resident for their future children to become automatic U.S. citizens.” Related Articles National Politics | Trump has flip-flopped on abortion policy. His appointees may offer clues to what happens next National Politics | Honor after exoneration: Port Chicago sailors’ fight for justice isn’t over National Politics | In promising to shake up Washington, Trump is in a class of his own National Politics | Election Day has long passed. In some states, legislatures are working to undermine the results National Politics | Trump taps his attorney Alina Habba to serve as counselor to the president Trump wrote that the executive order would make clear that children of people in the U.S. illegally “should not be issued passports, Social Security numbers, or be eligible for certain taxpayer funded welfare benefits.” This would almost certainly end up in litigation. Nowrasteh from the Cato Institute said the law is clear that birthright citizenship can’t be ended by executive order but that Trump may be inclined to take a shot anyway through the courts. “I don’t take his statements very seriously. He has been saying things like this for almost a decade,” Nowrasteh said. “He didn’t do anything to further this agenda when he was president before. The law and judges are near uniformly opposed to his legal theory that the children of illegal immigrants born in the United States are not citizens.” Trump could steer Congress to pass a law to end birthright citizenship but would still face a legal challenge that it violates the Constitution. Associated Press reporter Elliot Spagat in San Diego contributed to this report.