Image source: The Motley Fool. May 14, 2026, at 4:30 p.m. ET Call participants Chief Executive Officer — Stephen Cotton Chief Financial Officer — Eric West Operator Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Cash and Cash Equivalents -- $10.8 million at year-end, providing multiple quarters of operating runway and supporting engineering, permitting, and site selecti...
Image source: The Motley Fool. May 14, 2026, at 4:30 p.m. ET Call participants Chief Executive Officer — Stephen Cotton Chief Financial Officer — Eric West Operator Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Cash and Cash Equivalents -- $10.8 million at year-end, providing multiple quarters of operating runway and supporting engineering, permitting, and site selection efforts for the first commercial AquaRefining facility. -- $10.8 million at year-end, providing multiple quarters of operating runway and supporting engineering, permitting, and site selection efforts for the first commercial AquaRefining facility. Debt Position -- No long-term debt at year-end after the completion of the Sierra ARC asset sale and full repayment of the $3 million Summit Building loan. -- No long-term debt at year-end after the completion of the Sierra ARC asset sale and full repayment of the $3 million Summit Building loan. Total Capital Raised -- $20 million in 2025, including a $13 million institutional investment and $7 million from ATM and equity line programs. -- $20 million in 2025, including a $13 million institutional investment and $7 million from ATM and equity line programs. Net Loss -- $22.6 million, or negative $15.15 per share for the year, compared to $24.6 million, or negative $38.25 per share, in the prior year. -- $22.6 million, or negative $15.15 per share for the year, compared to $24.6 million, or negative $38.25 per share, in the prior year. Operating Expenses -- $23.3 million, with $9.1 million of noncash impairment and loss on disposal charges; underlying operating expenses declined meaningfully when excluding these items. -- $23.3 million, with $9.1 million of noncash impairment and loss on disposal charges; underlying operating expenses declined meaningfully when excluding these items. General & Administrative Expense -- $10.5 million, a reduction from $12 million in the prior year, driven by lower payroll, professional fees, an...
As artificial intelligence has exploded in popularity and use, so has big tech's spending on it. The four major hyperscalers plan to spend hundreds of billions of dollars on data center infrastructure this year, with Amazon (AMZN +2.47%) projecting the largest budget. At the time it delivered its Q4 2025 earnings report in February, it said it anticipated capital expenditures of $200 billion for 2...
As artificial intelligence has exploded in popularity and use, so has big tech's spending on it. The four major hyperscalers plan to spend hundreds of billions of dollars on data center infrastructure this year, with Amazon (AMZN +2.47%) projecting the largest budget. At the time it delivered its Q4 2025 earnings report in February, it said it anticipated capital expenditures of $200 billion for 2026. For perspective, fewer than 30 public companies worldwide have generated more than $200 billion in revenue over their past four quarters combined. Less than 60 countries have GDPs of over $200 billion. So, with Amazon planning historic AI capex, should investors be worried? Wall Street seems to be conflicted on the issue. Where is the money going? Not all of that $200 billion will go toward AI (Amazon still needs to invest more in its warehouse robots and other e-commerce logistics, for example), but most of it will surely go toward building data centers and other AI infrastructure, such as its in-house AI chips. Most people know (and care) about AI and the cloud only as far as they interact with them. However, behind the scenes, tons of physical hardware, real estate, and power sources must be in place for it to work. That's why many companies that make hardware for data centers have also seen unprecedented success recently (Nvidia, Sandisk, etc.). Amazon didn't say how much of the $200 billion will go directly toward AI initiatives, but I wouldn't be surprised if it's at least three-fourths of it. What does Wall Street think of Amazon's spending plan? Investors have noticeably advanced from the hype phase of the AI investment cycle to the "show me this can make money" phase. Those who are bullish about Amazon's spending plan point to the size of AWS' current backlog -- $364 billion at the end of the first quarter, and that didn't include the over $100 billion deal it announced with Anthropic in late April. The growth of that backlog shows that rising demand for cloud...
Tesla (TSLA +1.56%) is a stock that divides Wall Street analysts, with Piper Sandler, Canaccord Genuity, and Wedbush in the bullish camp currently, with respective price targets of $500, $450, and $600; while UBS and Barclays take a more skeptical view with their respective $364 and $360 targets. The stock closed Tuesday at $434. It remains to be seen which camp is right, but we do know that in th...
Tesla (TSLA +1.56%) is a stock that divides Wall Street analysts, with Piper Sandler, Canaccord Genuity, and Wedbush in the bullish camp currently, with respective price targets of $500, $450, and $600; while UBS and Barclays take a more skeptical view with their respective $364 and $360 targets. The stock closed Tuesday at $434. It remains to be seen which camp is right, but we do know that in the near term, the robotaxi rollout will determine the stock's fate. Here's what to expect. Establishing a robotaxi business Canaccord analyst George Gianarikis recently raised his price target on the stock, partly because the company is derisking its supply chain with large-scale investments in semiconductors, lithium refineries, battery production, and other factory investments. Expand NASDAQ : TSLA Tesla Today's Change ( 1.56 %) $ 6.76 Current Price $ 440.35 Key Data Points Market Cap $1.6T Day's Range $ 435.56 - $ 445.57 52wk Range $ 273.21 - $ 498.83 Volume 2.4M Avg Vol 61.7M Gross Margin 19.07 % It's a powerful case that emphasizes the long-term potential of the businesses that CEO Elon Musk is putting together, with the earliest major catalyst coming from Cybercab. It's not so much the immediate profitability of Cybercab that will move the needle, but rather the establishment of a core robotaxi business that should scale dramatically in the coming years. What Wall Street expects These assumptions are baked into Wall Street's forecasts. While the numbers reflect a wide range of outcomes, it's clear that robotaxi revenue won't be material in 2026, as Musk stated on the recent earnings call. He did say it would "be material probably in a significant way next year," and the consensus calls for 1.6% of revenue from the robotaxi business next year. Wall Street Estimates for Cybercab/Robotaxi Revenue 2026 2027 2028 2029 2030 Consensus $183 million $1,843 million $6,998 million $22,276 million $42,436 million Median $87 million $1,205 million $2,285 million $25,748 million $34...
Tutor Perini Corporation ( TPC ) said on Wednesday its subsidiary, Perini Management Services, was awarded an $81.8M contract by the U.S. Coast Guard for a family housing project at USCG Base Kodiak in Alaska. Work is expected to begin immediately, with substantial completion targeted for November 2028. The contract value will be added to Tutor Perini’s backlog in the second quarter of 2026. More ...
Tutor Perini Corporation ( TPC ) said on Wednesday its subsidiary, Perini Management Services, was awarded an $81.8M contract by the U.S. Coast Guard for a family housing project at USCG Base Kodiak in Alaska. Work is expected to begin immediately, with substantial completion targeted for November 2028. The contract value will be added to Tutor Perini’s backlog in the second quarter of 2026. More on Tutor Perini Tutor Perini: A Better Bottom Line, But Valuation Still A Concern (Rating Downgrade) Tutor Perini: Strong Backlog With Larger Higher-Margin Contracts (Rating Upgrade) Tutor Perini: Hold While Backlog Accumulates Three Quarters Of Contraction CNDT, WATT among industrial stocks set to join Russell Microcap; BLBD, AMPX to exit Tutor Perini unit wins $61.6M U.S. Coast Guard contract in Alaska
Add Decrypt as your preferred source to see more of our stories on Google. In brief A CNBC report suggests that Elon Musk aims to combine his firms SpaceX and Tesla as the former's IPO looms. report suggests that Elon Musk aims to combine his firms SpaceX and Tesla as the former's IPO looms. The pair collectively owns more than 30,000 BTC according to new filings, valued at more than $2.2 billion ...
Add Decrypt as your preferred source to see more of our stories on Google. In brief A CNBC report suggests that Elon Musk aims to combine his firms SpaceX and Tesla as the former's IPO looms. report suggests that Elon Musk aims to combine his firms SpaceX and Tesla as the former's IPO looms. The pair collectively owns more than 30,000 BTC according to new filings, valued at more than $2.2 billion in total. The combined public entity would rank inside the top five of publicly traded Bitcoin treasuries. The combination of SpaceX and Tesla—a reported possibility—could put the world’s richest man, Elon Musk, in direct control of more than 30,221 Bitcoin valued at about $2.27 billion. The move would place the combined firm comfortably inside the top 10 publicly traded Bitcoin treasuries, ranking it #5 according to the most recent filings. Whether or not the Musk-led mega-firm will exist remains to be seen, but speculation is growing that the world’s richest man wishes to combine the firms, according to a report from CNBC. Musk has already combined social media platform X with his xAI artificial intelligence firm, and is now in the process of merging xAI with SpaceX, as well. “The two companies already have a laundry list of shared resources, and Musk has discussed with colleagues the possibility of folding the companies together,” the report says, citing people familiar with the discussions. SpaceX’s Bitcoin position was revealed last week when it filed for an IPO, showcasing holdings of 18,712 BTC worth more than $1.4 billion. The firm acquired that Bitcoin for just $661 million and has held its current allotment since at least 2024, according to its SEC filing. The firm reportedly moved funds on-chain for the first time in three years last July, according to on-chain labeling data from Arkham Intelligence. It once more moved around $94 million worth of BTC in December, but data gathered at the time pointed to the firm holding less than 9,000 BTC in total—less than ha...
It was thought unlikely that Biden, the incumbent president, would be replaced as the Democratic Party's nominee just a few months before the election. The difficult process of choosing another nominee was seen as having the potential to derail party's White House bid.
It was thought unlikely that Biden, the incumbent president, would be replaced as the Democratic Party's nominee just a few months before the election. The difficult process of choosing another nominee was seen as having the potential to derail party's White House bid.
Image source: The Motley Fool. May 14, 2026 at 8 a.m. ET CALL PARTICIPANTS Executive Chairman — Daniel McDonough Chief Executive Officer — Barry Rubens Chief Financial Officer — Sean Arnette Chief Growth Officer — Sebastian Shahvandi TAKEAWAYS Revenue -- $6.1 million for the fourth quarter, up 85% from $3.3 million in the prior-year period. -- $6.1 million for the fourth quarter, up 85% from $3.3 ...
Image source: The Motley Fool. May 14, 2026 at 8 a.m. ET CALL PARTICIPANTS Executive Chairman — Daniel McDonough Chief Executive Officer — Barry Rubens Chief Financial Officer — Sean Arnette Chief Growth Officer — Sebastian Shahvandi TAKEAWAYS Revenue -- $6.1 million for the fourth quarter, up 85% from $3.3 million in the prior-year period. -- $6.1 million for the fourth quarter, up 85% from $3.3 million in the prior-year period. Cost of Revenue -- $5.5 million in the fourth quarter, compared to $3 million in the prior-year period. -- $5.5 million in the fourth quarter, compared to $3 million in the prior-year period. Gross Profit -- $0.5 million for the quarter, compared to $0.3 million in the prior-year period. -- $0.5 million for the quarter, compared to $0.3 million in the prior-year period. Gross Margin -- 8.6% during the quarter, unchanged from the prior-year period. -- 8.6% during the quarter, unchanged from the prior-year period. Operating Expenses -- $2.8 million for the quarter, compared to $1.3 million a year prior. -- $2.8 million for the quarter, compared to $1.3 million a year prior. Operating Loss -- $2.2 million for the quarter, compared to $1 million in the prior-year period. -- $2.2 million for the quarter, compared to $1 million in the prior-year period. Net Loss -- $2.3 million in the quarter, versus a net loss of $1.1 million a year earlier. -- $2.3 million in the quarter, versus a net loss of $1.1 million a year earlier. Adjusted EBITDA -- Loss of $2.2 million for the quarter, versus a loss of $1 million a year earlier. -- Loss of $2.2 million for the quarter, versus a loss of $1 million a year earlier. Full-Year Revenue -- $21.6 million, a 154% increase from $8.5 million in the prior-year period. -- $21.6 million, a 154% increase from $8.5 million in the prior-year period. Full-Year Gross Margin -- 18.5%, up from 13.7% in the prior-year period. -- 18.5%, up from 13.7% in the prior-year period. Full-Year Gross Profit -- $4.0 million, up 244% fr...
After being denied their rightful place in this season’s Europa League, Crystal Palace finally have their revenge. In Oliver Glasner’s final match in charge, it was fitting that Jean-Philippe Mateta should score what turned out to be the winning goal after his January move to Milan was scuppered by a failed medical. It has been that kind of season in south London. Having rescued them from the brin...
After being denied their rightful place in this season’s Europa League, Crystal Palace finally have their revenge. In Oliver Glasner’s final match in charge, it was fitting that Jean-Philippe Mateta should score what turned out to be the winning goal after his January move to Milan was scuppered by a failed medical. It has been that kind of season in south London. Having rescued them from the brink of extinction only 16 years ago, how Steve Parish must have relished this occasion. The Palace chair found himself sitting next to the Uefa president Aleksander Ceferin for the biggest night in their history and he can now start planning for the Europa League campaign that was denied to them as last year’s FA Cup winners were adjudged to have broken European football’s governing body’s rules on multiclub ownership. As for Glasner, it ends any debate over whether he is the greatest manager in Palace’s history. Having been second best in the first half, he must take great credit for the way his side seized the initiative after the break and the Austrian can now ride off into the sunset with a third trophy in the space of just 12 months. Surely a top club will snap him up soon enough. Continue reading...
Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha More on HP HP Inc.: Cheap On Paper, Challenged In Reality HP Inc.: Growth Weighed Down By Printing Segment HP Inc.: Near 52-Week Low, 6% Yield, Valuation Attractive Amid Dynamic Memory Environment HP pops as Q2 results, guidance top estimates HP Non-GAAP EPS of $0.86 beats by $0.14, revenue of $14.41B...
Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha More on HP HP Inc.: Cheap On Paper, Challenged In Reality HP Inc.: Growth Weighed Down By Printing Segment HP Inc.: Near 52-Week Low, 6% Yield, Valuation Attractive Amid Dynamic Memory Environment HP pops as Q2 results, guidance top estimates HP Non-GAAP EPS of $0.86 beats by $0.14, revenue of $14.41B beats by $340M
Sundry Photography/iStock Editorial via Getty Images Nutanix ( NTNX ) edged up 3% during early post-market trading on Wednesday after reporting its third-quarter fiscal 2026 financial report . For the quarter ended April 30, the hybrid multicloud computing platform reported adjusted earnings per share of $0.47 versus the consensus estimate of $0.35. GAAP EPS was $0.27 compared to the $0.10 estimat...
Sundry Photography/iStock Editorial via Getty Images Nutanix ( NTNX ) edged up 3% during early post-market trading on Wednesday after reporting its third-quarter fiscal 2026 financial report . For the quarter ended April 30, the hybrid multicloud computing platform reported adjusted earnings per share of $0.47 versus the consensus estimate of $0.35. GAAP EPS was $0.27 compared to the $0.10 estimate. Revenue for the third quarter increased 10% year over year to $703M, which was more than the $686.4M estimate. For the quarter in progress, Nutanix expects revenue to range from $725M to $745M, with a midpoint of $735M, which is less than the $742M consensus. For the entire fiscal year, Nutanix projects revenue ranging from $2.82B to $2.84B with free cash flow ranging from $760M to $780M. "Our business performed well in our third quarter, as reflected in results that exceeded the high end of the range for all of our guided metrics," said Rukmini Sivaraman , CFO of Nutanix. "We are pleased to raise our full-year guidance and remain focused on driving sustainable growth and improving profitability." More on Nutanix Nutanix: The Great Exodus From VMware And, Possibly, An Explosion Of Operating Leverage Nutanix, Inc. (NTNX) Analyst/Investor Day Transcript Nutanix, Inc. (NTNX) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript Nutanix Non-GAAP EPS of $0.47 beats by $0.12, revenue of $703.1M beats by $16.73M Nutanix Q4 2026 Earnings Preview
June Nymex natural gas (NGM26) on Wednesday closed up +0.146 (+5.04%). Nat-gas prices recovered from a 1.5-week low on Wednesday and settled sharply higher after updated US weather forecasts turned warmer, which sparked short covering in nat-gas futures. The Commodity Weather Group said Wednesday that above-average temperatures are expected across the western half of the US from June 1-10, which s...
June Nymex natural gas (NGM26) on Wednesday closed up +0.146 (+5.04%). Nat-gas prices recovered from a 1.5-week low on Wednesday and settled sharply higher after updated US weather forecasts turned warmer, which sparked short covering in nat-gas futures. The Commodity Weather Group said Wednesday that above-average temperatures are expected across the western half of the US from June 1-10, which should boost nat-gas demand from electricity providers to power air-conditioning. Don’t Miss a Day: Projections for higher US nat-gas production are negative for prices. On May 12, the EIA raised its forecast for 2026 US dry nat-gas production to 110.61 bcf/day from an April estimate of 109.60 bcf/day. US nat-gas production is currently near a record high, with active US nat-gas rigs posting a 2.5-year high in late February. On April 17, nat-gas prices tumbled to a 1.5-year nearest-futures low amid robust US gas storage. EIA nat-gas inventories as of May 8 were +6.5% above their 5-year seasonal average, signaling abundant US nat-gas supplies. The outlook for the Strait of Hormuz to remain closed for the foreseeable future is supportive for nat-gas as the closure will curb Middle Eastern nat-gas supplies, potentially boosting US nat-gas exports to make up for the shortfall. US (lower-48) dry gas production on Wednesday was 109.8 bcf/day (+1.9% y/y), according to BNEF. Lower-48 state gas demand on Wednesday was 70.1 bcf/day (+6.4% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Wednesday were 18.6 bcf/day (+4.8% w/w), according to BNEF. Nat-gas prices have some medium-term support on the outlook for tighter global LNG supplies. On March 19, Qatar reported "extensive damage" at the world's largest natural gas export plant at Ras Laffan Industrial City. Qatar said the attacks by Iran damaged 17% of Ras Laffan's LNG export capacity, a damage that will take three to five years to repair. The Ras Laffan plant accounts for about 20% of global liquefied...
July WTI crude oil (CLN26) on Wednesday closed down -5.21 (-5.55%), and July RBOB gasoline (RBN26) closed down -0.0798 (-2.54%). Crude oil and gasoline prices on Wednesday fell sharply for a second day, with crude posting a 5-week low and gasoline posting a 6-week low. Crude prices are under pressure in hopes of a peace deal between the US and Iran that could soon reopen the Strait of Hormuz. Crud...
July WTI crude oil (CLN26) on Wednesday closed down -5.21 (-5.55%), and July RBOB gasoline (RBN26) closed down -0.0798 (-2.54%). Crude oil and gasoline prices on Wednesday fell sharply for a second day, with crude posting a 5-week low and gasoline posting a 6-week low. Crude prices are under pressure in hopes of a peace deal between the US and Iran that could soon reopen the Strait of Hormuz. Crude prices sold off on Wednesday after Iranian television said it obtained an unofficial draft of the US-Iran memorandum, which said US military forces would lift the naval blockade of Iran while Iran would allow restored commercial transit shipping through the Strait of Hormuz. However, crude prices recovered from their lows when US officials said the unofficial draft obtained by Iranian state television is a "complete fabrication" and "not true." Don’t Miss a Day: On Tuesday, the Washington Post reported that the US and Iran have agreed to a memorandum extending the ceasefire by 60 days as the two sides seek a permanent deal. If agreed, the Strait of Hormuz would be de-mined and reopened in the meantime. Secretary of State Rubio said negotiations will still "take a few days" as both sides discuss language in an initial document. Earlier this month, the International Energy Agency (IEA) said in a monthly report that global observed oil inventories declined at about 4 million bpd in March and April, and that the market will remain "severely undersupplied" until October, even if the conflict ends next month. Energy prices remain underpinned by the US-Iran war, which is keeping the Strait of Hormuz essentially closed. The ongoing conflict is exacerbating global oil and fuel shortages, as about a fifth of the world's oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that crude output in the Persian Gulf has been curtailed by about 14.5 million bpd, and that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles,...
Coveo Solutions press release ( CVO:CA ): Q4 GAAP EPS of -$0.02 beats by $0.05 . Revenue of $37.4M (+8.9% Y/Y) misses by $14.34M . Full Year Fiscal 2026 Financial Highlights Total revenue was $148.3 million compared to $133.3 million, an increase of 11%. Adjusted EBITDA (4) was ($0.8) million compared to $1.0 million last year. GAAP EPS of -$0.30. Financial Outlook Expectations for SaaS Subscripti...
Coveo Solutions press release ( CVO:CA ): Q4 GAAP EPS of -$0.02 beats by $0.05 . Revenue of $37.4M (+8.9% Y/Y) misses by $14.34M . Full Year Fiscal 2026 Financial Highlights Total revenue was $148.3 million compared to $133.3 million, an increase of 11%. Adjusted EBITDA (4) was ($0.8) million compared to $1.0 million last year. GAAP EPS of -$0.30. Financial Outlook Expectations for SaaS Subscription Revenue (1) , Total Revenue, and Adjusted EBITDA (4) for Q1 FY'27 and the Full Year FY'27 are as follows: Q1 FY'27 FY'27 SaaS Subscription Revenue (1) $37.1 – $37.6 million $154.0 – $158.0 million Total Revenue $38.2 – $38.7 million $160.0 – $164.0 million Adjusted EBITDA (4) ($1.5) – ($0.5) million $2.0 - $7.0 million Click to enlarge More on Coveo Solutions Coveo Solutions May Be Cheap If AI Growth Can Finally Improve Margins Historical earnings data for Coveo Solutions Financial information for Coveo Solutions
Image source: The Motley Fool. Thursday, May 14, 2026 at 5 p.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Emmanuel Lakios Chief Financial Officer — Richard Catalano TAKEAWAYS Revenue -- $5 million for the quarter, representing a 33% decline both year over year and sequentially from the previous quarter. -- $5 million for the quarter, representing a 33% decline both year over yea...
Image source: The Motley Fool. Thursday, May 14, 2026 at 5 p.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Emmanuel Lakios Chief Financial Officer — Richard Catalano TAKEAWAYS Revenue -- $5 million for the quarter, representing a 33% decline both year over year and sequentially from the previous quarter. -- $5 million for the quarter, representing a 33% decline both year over year and sequentially from the previous quarter. Segment revenue concentration -- Two key customers accounted for approximately 53% of CVD Equipment CVV +1.85% ) -- Two key customers accounted for approximately 53% of SDC segment revenue -- $2.2 million, compared to $1.9 million in the prior-year quarter and $1.7 million in the previous quarter. -- $2.2 million, compared to $1.9 million in the prior-year quarter and $1.7 million in the previous quarter. Gross profit -- $1.1 million with a gross margin of 22.2%, down from $2 million and 26.4% in the prior-year quarter, mainly from lower CVD segment revenue and unfavorable contract mix. -- $1.1 million with a gross margin of 22.2%, down from $2 million and 26.4% in the prior-year quarter, mainly from lower CVD segment revenue and unfavorable contract mix. Operating loss -- $1.3 million, compared to operating income of $34,000 in the same quarter of the previous year. Includes a $163,000 noncash impairment related to outsourced fabrication transition. -- $1.3 million, compared to operating income of $34,000 in the same quarter of the previous year. Includes a $163,000 noncash impairment related to outsourced fabrication transition. Net loss -- $1.3 million or $0.18 per diluted share, versus net income of $132,000 or $0.02 per diluted share in the prior-year quarter. -- $1.3 million or $0.18 per diluted share, versus net income of $132,000 or $0.02 per diluted share in the prior-year quarter. Orders -- $3.5 million in quarterly orders, with full-year orders totaling $13 million against $28 million the previous year, reflecting a s...
Axon Enterprise (NASDAQ:AXON) President Josh Isner said the company is seeing growing demand across counter-drone technology, artificial intelligence products, international markets and enterprise security, during a TD Cowen discussion with software analyst Andrew Sherman. Sherman opened by pointing to Axon’s first-quarter performance and said Dedrone, Axon’s counter-drone business, posted 300% re...
Axon Enterprise (NASDAQ:AXON) President Josh Isner said the company is seeing growing demand across counter-drone technology, artificial intelligence products, international markets and enterprise security, during a TD Cowen discussion with software analyst Andrew Sherman. Sherman opened by pointing to Axon’s first-quarter performance and said Dedrone, Axon’s counter-drone business, posted 300% revenue growth, with bookings growth even higher. Isner attributed the momentum to heightened awareness of drone-related security threats amid global conflicts and public safety concerns. Dedrone Demand Expands Across Government and Enterprise Markets Isner said governments are increasingly recognizing drone threats and exploring ways to mitigate them. Axon acquired Dedrone about 18 months ago, and Isner said the company has already booked more on that product line than the acquisition price. He said Dedrone has relevance across federal, enterprise, U.S. state and local, and international markets. Sherman noted the World Cup as one driver of demand, and Isner said Dedrone is securing 11 sites for the event. However, he added that major events occur frequently worldwide and that Axon sees the opportunity as durable rather than tied to a single event. Use cases discussed included campuses, executive residences, warehouses, stadiums and data centers. Isner said Axon is “excited to participate” as data center construction accelerates. In the U.S., Isner said public safety agencies are currently limited in their ability to mitigate drones, because only the federal government can take drones out of the sky. Cities can deploy tracking technology but would need to call in the FAA for mitigation. He said the World Cup marks the first time cities have been given waivers to mitigate drones, and he expects broader permissions could come “as soon as this year or into next year.” AI Products Gain Traction With Public Safety Agencies Isner described Axon’s AI Era Plan as the company’s “fast...
SUDBURY, Ontario, May 27, 2026 (GLOBE NEWSWIRE) -- Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE:8YD) (the “Company” or “Magna”) is pleased to report operating and financial results for the first quarter of 2026 (“Q1 2026”). Management will host a conference call tomorrow, May 28, 2026, at 8:00am EDT to discuss the results. All amounts are expressed in Canadian dollars unless otherwise indica...
SUDBURY, Ontario, May 27, 2026 (GLOBE NEWSWIRE) -- Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE:8YD) (the “Company” or “Magna”) is pleased to report operating and financial results for the first quarter of 2026 (“Q1 2026”). Management will host a conference call tomorrow, May 28, 2026, at 8:00am EDT to discuss the results. All amounts are expressed in Canadian dollars unless otherwise indicated. Highlights During Q1 2026, Magna achieved a positive cash margin* of $6.0 million at the McCreedy West copper-precious metals-nickel Mine (“McCreedy West”), located in Sudbury, Ontario, Canada. In Q1 2026, 82,296 tons of ore was processed from the 700 Footwall Copper Zone at McCreedy West at a grade of 3.38% copper equivalent (“CuEq”) 1 based on realized metal prices in the quarter. based on realized metal prices in the quarter. The Company produced 4.1 million CuEq payable pounds (“lbs”) in Q1 2026. With both tonnage and grades forecast to increase from Q1, the Company continues to expect to achieve full year production guidance of 16-18 million CuEq payable lbs. Quarterly cash costs* and All-in sustaining costs* (“AISC”) of US$3.48 per CuEq lb, and US$4.21 per CuEq lb, respectively. Production costs per ton processed in Q1 2026 declined by 5.3% quarter over quarter to $214 per ton. Ended Q1 2026 with cash and cash equivalents of $35.8 million and a working capital balance of $53.7 million. At March 31, 2026 the Company's Trade and Other Receivables had increased to $36.7 million which included $28.2 million in metal receivables, as well as $7.8 million from reimbursable costs related to an egress project for a neighbouring mine. Subsequent to the end of Q1 2026, $11.5 million of the Trade and Other Receivables has been received. Exploration and evaluation expenses in Q1 2026 of $2.8 million, including $2.3 million at Levack Mine as focus transitioned to infrastructure readiness to support early ore sources and new underground exploration platforms to test the R2 Foot...