Red Cat recorded a net loss of $0.57 per share on $4.9 million in revenue for the final eight months of 2024, with 2025 revenue guidance of $80 million to $120 million.
Subscription revenue jumped 16% YoY to $125 million, exceeding the guidance of $122.5 million to $124.5 million.
IBKR announced a 44% year-over-year jump in its daily average revenue trades to 3.471 million. Client accounts rose 32% YoY to 3.62 million during the month.
Duke Energy stated that Sideris will focus on guiding the company’s future by overseeing its $83 billion five-year capital plan and driving critical infrastructure investments to support economic growth and meet customer energy demands.
According to Bloomberg, Commerce Secretary Howard Lutnick has indicated he may withhold Chips Act grants as he presses semiconductor companies to expand their U.S. manufacturing investments.
The reverse split will reduce the number of shares of common stock issued and outstanding from approximately 54.5 million to approximately 2.8 million.
Truist described the keynote as "the most constructive message we've heard from Intel in ... for as long as we've covered the company."
Full-year revenue shrank 13% year-over-year to $15.24 million compared to $17.56 million in 2023. Net loss widened to $48.32 million during the year compared to $17.28 million in 2023.
Revenue fell 27% year over year to $2.62 million during the quarter, while the company’s net loss narrowed to $3 million or $1.22 per share compared to a loss of $3.16 million or $1.66 per share in the year-ago period.
Ethereum’s resurgence was powered by Uniswap, which saw over $30 billion in trading volume, while Fluid ranked a distant second with $9 billion.
