The post Data Center Liquid Cooling Market Analysis and Forecast 2024-2034: Growth Opportunities Lie in Retrofitting Opportunities and Heat Repurposing from Liquid-Cooled Data Centers – ResearchAndMarkets.com appeared first on Fintech News.
]]>DUBLIN–(BUSINESS WIRE)–The “Data Center Liquid Cooling Market – A Global and Regional Analysis: Focus on Product, Application, and Country Analysis – Analysis and Forecast, 2024-2034” report has been added to ResearchAndMarkets.com’s offering.
The global data center liquid cooling market, valued at $5.65 billion in 2024, is expected to reach $48.42 billion by 2034, exhibiting a robust CAGR of 23.96% during the forecast period 2024-2034.
The data center liquid cooling market has been experiencing rapid growth, driven by the rising demand for energy-efficient and sustainable cooling solutions to support high-performance computing (HPC), artificial intelligence (AI), and hyperscale data centers. Key drivers include the proliferation of advanced technologies such as immersion and direct-to-chip cooling, which offer superior thermal efficiency and reduced power consumption compared to traditional air cooling systems.
Regulatory pressures to reduce carbon footprints and achieve net-zero goals are encouraging adoption alongside advancements in liquid cooling systems that facilitate higher server densities and operational reliability. Industry players are innovating with sustainable cooling fluids and scalable solutions tailored to emerging AI workloads and 5G applications.
However, challenges such as high implementation costs and limited standardization persist. Despite these obstacles, liquid cooling remains essential for addressing the growing heat densities of modern IT infrastructure while promoting sustainability and optimizing performance, solidifying its position as a transformative technology in data center operations.
This market analysis encompasses detailed insights into applications, products, and regional dynamics, highlighting drivers, restraints, and opportunities in key regions such as the U.S., Germany, and South Korea. The study provides a comprehensive perspective on the market’s development and growth potential by leveraging in-depth research and predictive models. The focus on sustainability, coupled with innovation in cooling technologies, positions liquid cooling as a pivotal factor in modernizing data center operations globally
Market Segmentation
IT and Telecom to Lead the Market (by End User)
The IT and telecom segment is set to dominate the data center liquid cooling market, driven by its critical role in managing substantial data volumes generated by data-intensive applications. The adoption of advanced technologies such as 5G, 6G, AI, and virtual reality has spurred demand for efficient data transmission and processing. As the backbone of modern economies, the IT and telecom industry supports low-latency requirements and massive data generation. Additionally, the BFSI sector shift toward paperless operations further amplifies demand for data centers, enhancing the need for liquid cooling technologies.
Hyperscale Data Center to Lead the Market (by Data Center)
The hyperscale data center segment is set to lead the data center liquid cooling market, driven by its critical role in supporting cloud services and computing applications. The increasing shift from physical to cloud computing has significantly boosted demand for hyperscale facilities. Major players such as Alibaba, Microsoft, and Google have already adopted advanced liquid cooling technologies, setting industry benchmarks and driving further growth. This trend underscores hyperscale data centers’ dominance in meeting rising demands for energy-efficient and scalable cooling solutions.
Rear Door Heat Exchangers (RDHX) to Lead the Market (by Solution)
The rear door heat exchanger segment is set to dominate the data center liquid cooling market from 2024 to 2034 due to advancements in cooling technology that enhance efficiency and sustainability. These systems effectively utilize server-generated heat to reduce energy consumption, offering superior energy efficiency compared to direct cooling methods. Studies, such as those from Lawrence Berkeley National Laboratory, highlight their ability to eliminate hot spots, ensure uniform temperature distribution, and optimize IT performance. This precise cooling solution aligns with the growing demand for energy-efficient and sustainable data center operations.
Recent developments in the data center liquid cooling market:
Key Market Players and Competition Synopsis
This report formulates a strong competitive strategy designed for the data center liquid cooling market. It assesses key market players, suggests differentiation tactics, and provides guidance for maintaining a competitive edge. By following these strategic directives, companies can effectively position themselves against competitors, ensuring long-term success and profitability in a rapidly evolving market.
Some of the prominent names in the Data Center Liquid Cooling Market include:
Key Attributes:
Report Attribute | Details |
No. of Pages | 235 |
Forecast Period | 2024 – 2034 |
Estimated Market Value (USD) in 2024 | $5.65 Billion |
Forecasted Market Value (USD) by 2034 | $48.42 Billion |
Compound Annual Growth Rate | 23.9% |
Regions Covered | Global |
Key Topics Covered:
1 Market: Industry Outlook
1.1 Trends: Current and Future Impact Assessment
1.1.1 Trends Shaping Data Center Liquid Cooling Market
1.1.2 Efficient Cooling Systems
1.1.3 Renewable Energy for Data Centers
1.1.4 Rising Demand for Edge Computing
1.1.5 Increased Interest in High-Performance Gaming and Bitcoin Mining Applications
1.1.6 Increased Data Requirements
1.1.7 Surge in Investments toward Data Center Cooling Innovations
1.1.8 Data Center Power Consumption Scenario
1.1.9 Other Industrial Trends
1.1.9.1 HPC Cluster Developments
1.1.9.2 Blockchain Initiatives
1.1.9.3 Super Computing
1.1.9.4 Impact of Server/Rack Density
1.2 Supply Chain Overview
1.3 Research and Development Review
1.4 Regulatory Landscape
1.5 Stakeholder Analysis
1.6 Case Studies
1.6.1 Immersion Cooling Technology
1.6.2 Other Liquid Cooling Technology
1.7 Startup Landscape
1.8 Market Dynamics Overview
1.8.1 Market Drivers
1.8.2 Market Restraints
1.8.3 Market Opportunities
1.9 Data Center Dielectric Fluid Market Outlook
1.9.1 Selection Criteria for Dielectric Fluid for Data Center Immersion Cooling
1.9.2 Comparative Analysis for Different Liquid Cooling Technologies
1.9.3 Comparative Analysis for Dielectric Fluids
1.9.3.1 Rising Dielectric Fluid Usage Amid the Emergence of Liquid Cooling Trends
1.9.3.1.1 Comparison between Air and Liquid Cooling Technology
1.9.3.1.2 Green Innovation in Dielectric Fluids: Plant-Based Cooling Solutions for Data Centers and Crypto Mining Facilities
1.10 Impact of PFAS Ban on the Global Data Center Liquid Cooling Outlook
1.11 Historical Analysis of Liquid Cooling Deployment across Global Data Centers, 2018-2023
1.12 New Data Center Trends toward Adoption of Liquid Cooling, 2024-2034
1.13 Impact of Rising Rack Density on Data Center Liquid Cooling
2 Application
2.1 Application Segmentation
2.1.1 Application Summary
2.2 Global Data Center Liquid Cooling Market (by Application)
2.2.1 Global Data Center Liquid Cooling Market (by End-Use Industry)
2.2.2 Global Data Center Liquid Cooling Market (by Data Center)
2.2.2.1 Hyperscale Data Center
2.2.2.2 Enterprise Data Center
2.2.2.3 Colocation Data Center
3 Products
3.1 Product Segmentation
3.2 Product Summary
3.3 Global Data Center Liquid Cooling Market (by Solution)
3.3.1 Rear Door Heat Exchangers (RDHX)
3.3.2 Direct Cooling
3.3.2.1 Direct-to-Chip Liquid Cooling System
3.3.2.2 Immersion Cooling System
3.3.2.2.1 Single-Phase Immersion Cooling
3.3.2.2.2 Two-Phase Immersion Cooling
4 Regions
4.1 Regional Summary
4.2 North America
4.3 Europe
4.4 U.K.
4.5 Asia-Pacific
4.6 China
4.7 Rest-of-the-World
5 Competitive Benchmarking & Company Profiles
5.1 Strategic Initiatives, 2020-2024
5.2 Market Share
5.3 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/c7g97
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
The post Data Center Liquid Cooling Market Analysis and Forecast 2024-2034: Growth Opportunities Lie in Retrofitting Opportunities and Heat Repurposing from Liquid-Cooled Data Centers – ResearchAndMarkets.com appeared first on Fintech News.
]]>The post UL Solutions and OpenEngagement Join Forces to Lead Australia Company Compliance with New Climate Laws appeared first on Fintech News.
]]>The relationship will help enterprises in Australia provide required climate-related reporting, including greenhouse gas emissions across the supply chain
NORTHBROOK, Ill.–(BUSINESS WIRE)–UL Solutions (NYSE: ULS), a global leader in applied safety science, and OpenEngagement, an independent stakeholder engagement and corporate governance advisory firm, today announced a relationship to help Australian companies navigate and comply with the country’s new mandatory climate reporting requirements.
The relationship will leverage UL Solutions’ expertise in environmental, social and governance (ESG) advisory services, data management and software solutions, including the UL Solutions ULTRUS software portfolio, encompassing centralized and unified digital offerings to help customers manage regulatory, supply chain and sustainability challenges. OpenEngagement will provide strategic guidance and support to customers throughout the reporting process, helping them to address climate-related risks and opportunities.
“Strong ESG performance is now a strategic imperative for long-term business success,” said Ken Wilson, Australasia regional director at UL Solutions. “With the new climate law in Australia, the evolving regulations, like the Corporate Sustainability Reporting Directive, and a dynamic global ESG landscape, organizations must demonstrate transparency, attract responsible investors and build sustainable operations. Our new relationship with OpenEngagment will allow us to serve customers better and further complement our comprehensive suite of ESG verification services and software, including our UL 360 ESG data management software, part of ULTRUS software, that helps businesses simplify the complexities of ESG excellence.”
Australia’s recent passage of the Treasury Laws Amendment bill introduces mandatory climate-related reporting for large and medium-sized companies, including disclosures on climate-related risks and opportunities and greenhouse gas emissions across the supply chain. This legislation marks a significant step toward enhancing climate transparency and accountability in the Australian market.
“OpenEngagement is thrilled to be chosen as UL Solutions’ strategic partner for ESG and sustainability reporting in Australia,” said Brendan Henry, CEO of OpenEngagement. “We founded OpenEngagement on the premise that we would only offer solutions that provide real value to our customers. With the 2025 enactment of mandatory climate-related reporting requirements, the combination of the award-winning UL 360 ESG data management software and proven pre-assurance methodologies provides an impactful solution.”
UL Solutions also delivers enterprise sustainability services and other verification-related services, such as environmental product declarations and zero-waste-to-landfill claim validation services.
UL Solutions’ ESG advisory and assurance services recently earned the company recognition as an Innovator in the Verdantix Green Quadrant: ESG and Sustainability Assurance Services 2024 report for strong technical expertise in assurance over environmental metrics — particularly carbon emissions — as well as a comprehensive portfolio of assurance services and support for manufacturing firms with complex supply chains. In addition, the ULTRUS software platform, which also provides environmental, health and safety (EHS) services, earned recognition in the Verdantix Green Quadrant: EHS Software 2025 report — the first time as a unified software platform — for helping companies meet the increasing demand of ESG and sustainability regulations and providing scalable tools to help large enterprises tackle global compliance challenges.
About UL Solutions
A global leader in applied safety science, UL Solutions transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection, and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Solutions Mark serves as a recognized symbol of trust in our customers’ products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.
About OpenEngagement
OpenEngagement is an independent stakeholder engagement and corporate governance advisory firm based in Sydney, Australia, and is prominent throughout Australasia.
Contacts
Media:
Tyler Khan
UL Solutions
ULNews@UL.com
T: +1 (847) 664.2139
Steven Brewster
UL Solutions
ULNews@UL.com
T: +1 (847) 664.8425
The post UL Solutions and OpenEngagement Join Forces to Lead Australia Company Compliance with New Climate Laws appeared first on Fintech News.
]]>The post AO Mainnet Launches, Ushering in a New Era of Decentralized Computing and Permissionless Ecosystem Growth appeared first on Fintech News.
]]>$700 Million and Counting Already Bridged to AO Protocol
NEW YORK–(BUSINESS WIRE)–AO, a revolutionary platform for decentralized computing, launches its mainnet today following a highly successful testnet phase, with key milestones including:
“AO is not just a smart contract platform; it’s a decentralized supercomputer,” said Sam Williams, founder of AO and Arweave. “Combined with Arweave, AO’s architecture has the potential to radically change how we interact and transact on the web.”
AO’s Breakthrough Capabilities:
Fusing Blockchain and the Web: AO-Core
AO-Core, the core protocol of AO, embeds verifiable, cryptographically linked computation directly into HTTP. This means every HTTP request—from loading a webpage to executing complex computations—becomes a potential AO transaction. AO-Core is built on the web’s native standards, HTTP3 and the HTTP signed messages, and transforms them into a decentralized computational platform, addressing the scalability and trust limitations of centralized systems. AO-Core embeds verifiable proofs of the correctness of online results, offering attestations of trustworthiness similar to the familiar padlock icon for secure connections.
Harnessing the Web’s Immense Network Effects
AO uniquely leverages the vast network effects of the existing web infrastructure. By building upon established standards like HTTP Signed Messages, AO taps into a network far larger than any individual blockchain. Existing web infrastructure, like Content Delivery Networks (CDNs), can now function as AO-Core state resolvers, dramatically increasing efficiency and scalability.
Enhanced Security with TEEs: Enabling Private Computation
AO offers a flexible security model, including execution inside TEEs, providing hardware-level security for private computations. This approach achieves high verifiability without the performance overhead of traditional methods like FHE and ZKPs. This trust-minimized verifiable infrastructure allows developers to run any application in a secure and transparent manner. TEEs enable secure decentralized exchanges, private voting systems, and confidential smart contracts.
Fair Launch Tokenomics: A Foundation for Equitable Growth
AO’s tokenomics are designed for fairness and long-term sustainability. A 100% fair launch, with a total supply of 21 million tokens and a continuous release mechanism, ensures equal access on equal terms. Arweave holders are eligible for AO tokens, recognizing Arweave’s crucial role in providing permanent storage.
Introducing the Permaweb Index (pi): Simplifying Access and Fueling Ecosystem Growth
The Permaweb Index (pi) is designed to simplify user interaction with the permaweb by providing a single, accessible entry point to this decentralized ecosystem. Pi offers a diversified collection of assets, including:
Key Features of the Permaweb Index:
“The Permaweb Index (pi) represents a critical step towards building a unified economic base of the permaweb,” said Williams. “By bridging the computational and storage layers, pi creates a cohesive ecosystem that fosters innovation and accelerates the growth of decentralized applications.”
About Forward Research
Forward Research is a venture protocol development company dedicated to growing the permaweb ecosystem. We are building towards a vision of a truly decentralized web, where user rights are immutably protected and software and data is permanent.
Founded and led by Sam Williams, the founder of the Arweave and AO protocols, Forward Research looks to incubate projects that expand permaweb adoption and use cases. We believe that the permaweb’s unique approach to data storage and its potential for creating truly decentralized applications will revolutionize the way we interact with the internet.
Contacts
Media Contact
arweave@strangebrewstrategies.com
The post AO Mainnet Launches, Ushering in a New Era of Decentralized Computing and Permissionless Ecosystem Growth appeared first on Fintech News.
]]>The post Asami CLUB Announces Strategic Partnership with FPBlock, Expanding Blockchain Capabilities appeared first on Fintech News.
]]>CHARLOTTE, N.C.–(BUSINESS WIRE)–#blockchain–Asami CLUB is pleased to announce a strategic partnership with FPBlock, the blockchain division of FPComplete, marking a significant milestone in our mission to democratize social media trend creation.
This collaboration brings together Asami’s innovative community-driven platform with FPBlock’s extensive blockchain expertise, powered by FPComplete’s proven track record of delivering over 100 successful industrial-grade software projects.
Through this partnership, FPBlock will:
“This partnership represents a perfect alignment of vision and capabilities,” said Nubis, founder at Asami CLUB. “By combining our community-focused approach to social media trends with FPBlock’s technical excellence, we’re creating new opportunities for authentic engagement between advertisers and social media users.”
The social media landscape is ripe for blockchain innovation, and Asami CLUB’s vision for democratizing trend creation perfectly aligns with our mission to bring enterprise-grade blockchain solutions to emerging markets,” said Wesley Crook, CEO of FPBlock. “This partnership enables us to expand our presence in the Rootstock ecosystem while helping build a more authentic and decentralized social media experience.”
The collaboration is expected to accelerate Asami’s platform development while providing FPBlock with a strategic presence in the growing Rootstock ecosystem.
For more information about Asami CLUB and our services, please visit https://www.fpblock.com.
About Asami CLUB
Asami CLUB is a pioneering platform that connects advertisers with social media users to create and promote authentic trends, making trend creation accessible to everyone.
About FPBlock
FP Block, a leading blockchain engineering firm, has delivered over 100 mission-critical projects across major ecosystems including Cosmos, Avalanche, and Solana. Their portfolio spans DeFi platforms handling $3B+ in trading volume, compliant on-chain betting systems, and NFT gaming solutions. Led by industry veterans with deep technical expertise, FP Block engineers scalable, secure blockchain solutions that shape the future of DeFi, smart contracts, and GameFi.
Contacts
Wesley Crook
wesley@fpblock.com
The post Asami CLUB Announces Strategic Partnership with FPBlock, Expanding Blockchain Capabilities appeared first on Fintech News.
]]>The post Bitcoin Industry Forecast Report 2025, with 20+ Company Profiles including Antpool, Binance, BitDeer, Bitfarms, BitMain Technologies, Blockstream, Cipher Mining Technologies, CleanSpark & CoinGate – ResearchAndMarkets.com appeared first on Fintech News.
]]>DUBLIN–(BUSINESS WIRE)–The “Bitcoin – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Bitcoin was valued at US$32.6 Billion in 2024 and is projected to reach US$125.6 Billion by 2030, growing at a CAGR of 25.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
How Is Institutional Adoption Transforming the Bitcoin Market?
The increasing adoption of Bitcoin by institutional investors is significantly transforming the cryptocurrency landscape. Over the past few years, financial institutions, hedge funds, and large corporations have entered the Bitcoin market, seeking diversification and hedging opportunities against inflation. Major companies have started holding Bitcoin as part of their treasury reserves, recognizing its potential as a store of value comparable to gold. Moreover, institutional-grade investment vehicles such as Bitcoin ETFs, futures, and custodial services have made it easier for professional investors to participate in the market, driving liquidity and stability.
Regulatory clarity in certain regions has further encouraged institutions to integrate Bitcoin into their portfolios. For instance, jurisdictions that classify Bitcoin as a digital asset or legalize its use in payments provide a conducive environment for large-scale adoption. Additionally, the increasing involvement of fintech firms in offering Bitcoin-related services, such as payment gateways and trading platforms, is streamlining access for institutional players. These developments are not only expanding Bitcoin’s user base but also solidifying its role as a mainstream financial asset.
Why Is Bitcoin Emerging as a Preferred Cross-Border Payment Solution?
Bitcoin’s ability to facilitate fast, low-cost, and secure cross-border transactions has positioned it as a preferred solution for global payments. Traditional methods of transferring money across borders, such as wire transfers, are often expensive and time-consuming due to the involvement of intermediaries. Bitcoin eliminates these inefficiencies by enabling direct peer-to-peer transactions on a decentralized network, regardless of geographic location. This capability has proven particularly valuable for individuals and businesses in regions with limited access to traditional banking infrastructure.
The adoption of Bitcoin for remittances has seen substantial growth, driven by the increasing availability of cryptocurrency exchange platforms and wallet services. Additionally, Bitcoin’s transparency and immutability are addressing concerns related to fraud and corruption in cross-border payments. Companies involved in international trade are also leveraging Bitcoin to bypass currency conversion fees and hedge against exchange rate volatility. As the global economy becomes more interconnected, the demand for efficient and cost-effective payment solutions like Bitcoin is expected to rise.
How Are Technological Advancements Boosting Bitcoin Adoption?
Technological advancements are playing a critical role in boosting Bitcoin adoption by enhancing its scalability, security, and usability. The implementation of the Lightning Network, a layer-2 solution, has significantly improved Bitcoin’s transaction speed and reduced fees, making it more practical for everyday use. This technology enables microtransactions and opens up new use cases, such as instant payments for digital content and in-game purchases.
Moreover, advancements in blockchain interoperability are enabling Bitcoin to interact with other blockchain networks, broadening its utility across decentralized finance (DeFi) ecosystems. Wallet providers are also enhancing user experience by integrating features like multi-signature security, biometric authentication, and seamless integration with decentralized applications (dApps). These innovations are making Bitcoin more accessible and appealing to a wider audience, from individual users to enterprise clients. As these technological improvements continue, they are expected to drive further adoption and expand Bitcoin’s role in the digital economy.
What Factors Are Driving the Growth of the Bitcoin Market?
The growth in the Bitcoin market is driven by several factors, including increasing institutional adoption, growing demand for cross-border payment solutions, and advancements in blockchain technology. The expanding use of Bitcoin as a hedge against inflation and economic uncertainty has attracted a diverse range of investors, from retail traders to multinational corporations. The rising acceptance of Bitcoin by merchants and service providers, combined with the integration of Bitcoin payment options into mainstream platforms, is further accelerating its adoption.
Consumer behavior is also playing a crucial role, with younger, tech-savvy demographics driving interest in Bitcoin as a long-term investment and medium of exchange. Regulatory developments in key markets are creating a more favorable environment for Bitcoin transactions, boosting confidence among users and investors alike. Additionally, the increasing focus on financial inclusion in developing regions is propelling Bitcoin adoption, as it offers a decentralized alternative to traditional banking systems. These factors collectively underscore the robust growth trajectory of the global Bitcoin market.
Scope of the Study
The report analyzes the Bitcoin market, presented in terms of market value (US$ Thousand). The analysis covers the key segments outlined below.
Segments:
Key Insights:
Report Features:
Key Questions Answered:
Some of the 22 companies featured in this Bitcoin market report include:
Key Attributes:
Report Attribute | Details |
No. of Pages | 124 |
Forecast Period | 2024 – 2030 |
Estimated Market Value (USD) in 2024 | $32.6 Billion |
Forecasted Market Value (USD) by 2030 | $125.6 Billion |
Compound Annual Growth Rate | 25.2% |
Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
MARKET TRENDS & DRIVERS
For more information about this report visit https://www.researchandmarkets.com/r/r8o8i2
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
The post Bitcoin Industry Forecast Report 2025, with 20+ Company Profiles including Antpool, Binance, BitDeer, Bitfarms, BitMain Technologies, Blockstream, Cipher Mining Technologies, CleanSpark & CoinGate – ResearchAndMarkets.com appeared first on Fintech News.
]]>The post Unity Chosen by Toyota Motor Corporation for Its Next-Generation Human Machine Interface (HMI) to Enhance the In-Car Experience appeared first on Fintech News.
]]>Unity’s Real-time 3D capabilities are driving the evolution of the car interface
SAN FRANCISCO–(BUSINESS WIRE)–Unity (NYSE: U), the leading platform to create and grow games and interactive experiences, today announced it has been selected by Toyota Motor Corporation to develop the Graphical User Interface (GUI) for Toyota’s next-generation in-car Human Machine Interface (HMI), elevating the in-car experience.
Toyota’s selection of Unity underscores the transformative potential of Unity’s real-time 3D technology, refined through years of widespread use in the gaming industry across numerous platforms. This partnership seamlessly brings Unity’s technology into Toyota’s HMI development pipeline, improving efficiency across all stages of design and engineering by minimizing rework, optimizing development processes, streamlining data management, and delivering a stable, high-performance GUI experience to consumers.
Takashi Imai, Chief Project Leader of the Digital Software Development Center at Toyota Motor Corporation, commented: “At Toyota, we are developing in-house ‘digital cockpits’ to connect drivers, vehicles, and society as part of our efforts to create innovative user experiences. Hundreds of software engineers are involved in developing instrument clusters, infotainment systems, and other components. Recently, the use of advanced 3D graphics has become commonplace in the automotive industry. However, this technology requires specialized skills that can make it difficult for newer engineers. That’s where Unity has brought real innovation.
“I’m pleased to see our engineers so enthusiastic, and it’s wonderful that they can now create new value in such a short amount of time. In addition, the efficiency of our development has improved dramatically, freeing us to devote more time to providing even more value to our customers. Moving forward, we will continue collaborating with Unity to deliver even more compelling, innovative products.”
“We are thrilled to partner with Toyota Motor Corporation and their team of world-renowned engineers to bring Unity’s real-time 3D capabilities to the forefront of next-generation HMI experiences,” said Alex Blum, Chief Operating Officer, Unity. “As consumer expectations continue to evolve, Unity and Toyota can deliver seamless, interactive, cutting-edge solutions for drivers.”
About Unity
Unity [NYSE: U] offers a suite of tools to create, market, and grow games and interactive experiences across all major platforms from mobile, PC, and console, to extended reality. For more information, visit Unity.com.
Forward Looking Statements
This publication contains “forward-looking statements,” as that term is defined under federal securities laws, including, in particular, statements about Unity’s plans, strategies and objectives. The words “believe,” “may,” “will,” “estimate,” “continue,” “intend,” “expect,” “plan,” “project,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Further information on these and additional risks that could affect Unity’s results is included in our filings with the Securities and Exchange Commission (SEC) which are available on the Unity Investor Relations website. Statements herein speak only as of the date of this release, and Unity assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this publication except as required by law.
Contacts
Unity PR Contact:
Bryony Gittins
UnityComms@unity3d.com
The post Unity Chosen by Toyota Motor Corporation for Its Next-Generation Human Machine Interface (HMI) to Enhance the In-Car Experience appeared first on Fintech News.
]]>The post Ant International appoints Chief Innovation Officer to Spearhead AI-Driven Digitalisation Strategy with new Product, Technology and Innovation Framework appeared first on Fintech News.
]]>SINGAPORE–(BUSINESS WIRE)–Ant International today announced the appointment of Jiang-Ming Yang as Chief Innovation Officer (CIO), effective immediately. As CIO, he will drive the synergised development of Ant International’s product and technology teams. He will also lead the CIO Organisation, the team responsible for steering Ant International’s global innovation and product strategy, ensuring that products and solutions are continually enhanced to stay ahead of industry trends and customer needs.
“Ant International will continue to invest at the frontier of innovation to help businesses, especially SMEs, to achieve sustainable growth in an increasingly complex global environment. Top on our list of priorities will be to push the cost and efficiency boundary for cross-border payment and settlement; to democratise cutting-edge technology solutions for SMEs on payment, trade and financial services; and to revolutionise user experience with new intelligent technology for cross-border travel,” said Jiang-Ming.
In December 2024, Peng Yang, CEO of Ant International, announced organisational and strategic upgrades to expand its range of AI-powered fintech solutions to support inclusive growth for businesses and support SMEs across its payment and digitalisation ecosystem.
With deep expertise and experience in leading global payments and e-commerce enterprises, Jiang-Ming Yang has played a critical role as Ant International’s Chief Product Officer in building fintech and growth tech solutions to drive customer success and enhance operational efficiencies across Ant International’s four main business pillars: unified digital gateway for mobile payment and super apps (Alipay+), unified payment services for global merchants (Antom), unified account service for global SMEs (WorldFirst), and embedded finance services that provide global liquidity management and SME credit tech solutions (Bettr and platform tech).
In the past years, Jiang-Ming has led the development and implementation of pioneering AI solutions for the industry, including:
About Ant International
Headquartered in Singapore, Ant International powers the future of global commerce with digital innovation for everyone and every business to thrive. In close collaboration with partners, we support merchants of all sizes worldwide to realise their growth aspirations through a comprehensive range of tech-driven digital payment and financial services solutions.
Contacts
Media
Kahmun Leong
kahmun.leong@antgroup.com
The post Ant International appoints Chief Innovation Officer to Spearhead AI-Driven Digitalisation Strategy with new Product, Technology and Innovation Framework appeared first on Fintech News.
]]>The post Virtual, Inc. Announces New Client Partnerships and Expanded Offerings to Support the Tech Sector appeared first on Fintech News.
]]>WAKEFIELD, Mass.–(BUSINESS WIRE)–Virtual, Inc. is pleased to announce continued growth in 2025, with new client partnerships and expanded service offerings designed to better support the tech sector. With a proven track record of empowering standards organizations, technology consortia, and professional societies across technology, healthcare, financial services, and life sciences, Virtual’s mission is to help membership-based organizations achieve sustainable success and make their mark on the world.
New Client Partnerships
Virtual is proud to welcome several new clients, including the AI-RAN Alliance and Blockchain Security Standards Council, adding to its growing portfolio of organizations shaping the future of technology. These clients tap into Virtual’s comprehensive suite of services to achieve their strategic goals and maximize their impact.
Expanded Expertise and Offerings to Empower the Tech Sector
In 2025, Virtual continues to evolve its service offerings with an increased focus on leveraging data-driven insights and strategic solutions to help tech organizations drive membership retention and growth, adapt to market shifts, and achieve sustainable success. To support these efforts, Virtual is expanding its team, with 20 recent hires strengthening its ability to deliver top-tier services across operational infrastructure, technology solutions, and global marketing and events.
“At Virtual, we understand the unique challenges facing standards and technology organizations, and we’re proud to provide tailored solutions that deliver growth and long-term success for our clients,” said Andy Freed, CEO of Virtual, Inc. “From blockchain security and AI-driven technology standards to digital finance and data protection, our clients are driving transformation across industries worldwide. 2025 is shaping up to be an exciting year, and we look forward to partnering with these innovative organizations to help them make their mark on the world.”
About Virtual, Inc.
Virtual, Inc. is a top provider of professional services for associations, consortia, and other membership-based organizations, delivering tailored management solutions that drive success. Specializing in strategic planning, membership services, events management, finance, and technology solutions, we empower our clients to thrive in today’s complex business environment.
Our expertise and deep industry knowledge help clients achieve sustainable success by driving growth and enhancing member engagement. Visit: https://virtualinc.com/
Contacts
Jessie Hennion
Virtual, Inc. Public Relations
jhennion@virtualinc.com
(781) 876-6280
Melissa Bednar
Virtual, Inc. Public Relations
mbednar@virtualinc.com
(781) 876-8962
The post Virtual, Inc. Announces New Client Partnerships and Expanded Offerings to Support the Tech Sector appeared first on Fintech News.
]]>The post XOi Amplifies Field Service Innovation with New Strategic Investment and Acquisition appeared first on Fintech News.
]]>The intelligent jobsite technology innovator secures record funding from KKR to expand data gathering and enrichment solutions.
NASHVILLE, Tenn.–(BUSINESS WIRE)–XOi, a leading provider of jobsite-focused technology solutions for the field service ecosystem, today announced the acquisition of Specifx, an on-demand data enrichment and metadata retrieval platform for field service equipment. The acquisition was enabled by an investment from funds managed by leading global investment firm KKR. The funding from KKR marks the most significant milestone yet in XOi’s journey to build out its system of work for the field service ecosystem.
This strategic investment from KKR, along with the acquisition of Specifx, enable XOi to amplify its use and capabilities across the field service industries, furthering its mission of serving stakeholders throughout the ecosystem, including technicians, field service providers, distributors, and OEMs.
“As the challenges of maintaining and manufacturing field service equipment grew more complex, we pushed ourselves to evolve our product alongside the demands of the industry,” said Aaron Salow, founder and CEO of XOi. “KKR’s strategic partnership will help us meet and exceed every stakeholder’s expectations of sustainability, profitability, and transparency.”
“We believe XOi’s comprehensive software stands apart in the field service space not only because it allows technicians to view and adjust multiple workflows in one efficient platform, but also for its ability to normalize and enrich field service asset-specific data,” said Jake Heller, Partner and Head of KKR’s Technology Growth team in the Americas. “The addition of Specifx further enhances XOi’s database offering. We look forward to working with the entire XOi team as they continue to innovate for their customers across the field service ecosystem.”
Prior to this acquisition Specifx helped expand XOi’s groundbreaking Insights product, which provides unique asset origination, performance, and diagnostics information. Now, the combined resources and capabilities of the two companies empower XOi to deliver a unified framework of proprietary and operational data to fuel faster and more meaningful innovation to the mechanical, electrical, and plumbing industries.
“Today marks a defining moment in our growth and we are thrilled to join forces with XOi,” said Ryan Martineau, founder and CEO of Specifx. “XOi’s extremely impressive platform, coupled with a shared mission and common customer base, allows us to accelerate our vision of next generation, asset-centric solutions that simplify the day-to-day operations for our customers.”
“We are humbled by the role we have been able to play in changing this industry and the skilled trades for the better, and we are excited to drive the mission forward for years to come,” said Aaron Salow, founder and CEO of XOi. “Our vision has never been clearer, and our passion for the trades has never been stronger.”
KKR is funding this investment primarily from its Next Generation Technology III Fund.
Bass, Berry & Sims PLC served as legal advisor and Raymond James Financial, Inc. served as financial advisor to XOi. Latham & Watkins LLP served as legal advisor to KKR.
About XOi
XOi, the leading provider of jobsite-focused technology for the field service ecosystem, arms the industry with a digital tool that connects people to mission-critical equipment. XOi technology is the hub in which every part of the job—from the field to the manufacturer—connects. XOi provides AI-powered workflows, asset and team management functions, a comprehensive knowledge base, and immediate revenue-producing insights leveraging data from current and historical projects. Beyond this tool that manages consistency, profitability, and transparency, XOi’s goal is to create future-focused technology that modernizes the field service industry as a whole, and delivers 1 of 1 asset origination, performance, and diagnostics information of mission critical assets. To learn more about XOi, visit xoi.io.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
About Specifx
Specifx, an industry leader in data management for HVAC companies, specializes in on-demand data enrichment and metadata retrieval for HVAC companies. The company’s flagship product, Decoder, gives technicians, HVAC providers and manufacturers access to complete HVAC metadata via a simple nameplate scan, and the tool gives users the flexibility to scan each unit individually, in batches, or via the Decoder API. Specifx’s database covers the most common HVAC equipment made by around 100 major manufacturers over the past 30+ years. Specifx’s mission is to transform the HVAC data acquisition and solutioning experience for owners, occupiers, investors and service providers, reducing the effort to acquire essential information for day-to-day operations while supporting strategic, enterprise-scale investment and decarbonization initiatives. For more information about Specifx, visit specifx.com.
Contacts
Media Contacts:
XOi
Heather Ripley
Ripley PR
(865) 977-1973
hripley@ripleypr.com
KKR
Emily Cummings
media@kkr.com
The post XOi Amplifies Field Service Innovation with New Strategic Investment and Acquisition appeared first on Fintech News.
]]>The post The Marygold Companies, Inc. Reports Financial Results for 2025 Second Fiscal Quarter appeared first on Fintech News.
]]>-Company continued to invest in the Fintech sector through Marygold & Co.-
SAN CLEMENTE, Calif.–(BUSINESS WIRE)–The Marygold Companies, Inc. (“TMC,” or the “Company”) (NYSE American: MGLD), a diversified global holding firm, today reported financial results for its 2025 second fiscal quarter ended December 31, 2024.
Revenue for the three months ended December 31, 2024 amounted to $8.0 million, compared with $8.5 million last year. The Company recorded a net loss of $1.7 million, equal to a loss of $0.04 per share, for the second quarter of fiscal year 2025, compared with a net loss of $1.2 million, equal to a loss of $0.03 per share, for the second quarter of fiscal 2024. Revenue for the six months ended December 31, 2024 totaled $15.9 million, with a net loss of $3.3 million, equal to a net loss of $0.08 per share, versus revenue of $16.7 million and a net loss of $1.7 million, or a net loss of $0.04 per share, for the comparable prior year period.
The revenue decline over both comparable prior year periods was primarily due to a reduction in average assets under management (“AUM”) at TMC’s largest subsidiary, USCF Investments, to $3.1 billion from $3.5 billion a year ago. AUM level directly impacts the management fees earned and typically fluctuates with global commodity pricing trends. Revenue also was impacted by a slight increase in the strength of the U.S. dollar, which negatively impacted currency translation values in the Company’s foreign subsidiaries. The performance of TMC’s core operating subsidiaries was within expectations, and the net loss principally reflected the Company’s continued expenses in the development and roll-out of its mobile banking fintech app through its Marygold & Co. subsidiaries in the U.S. and the U.K.
Cash and cash equivalents of $5.7 million at December 31, 2024 increased slightly from $5.5 million at June 30, 2024, the close of TMC’s prior fiscal year. Total stockholders’ equity decreased to $23.4 million at December 31, 2024 from $26.6 million at fiscal year-end, primarily reflecting the net loss incurred during the six months ended December 31, 2024.
“For the quarter just ended, we had budgeted for continued losses, based in large part on cash expenditures incurred by our Marygold fintech subsidiary,” said David Neibert, TMC’s Chief Operations Officer. “To help with cash needs for future development and rollout of our fintech app, we entered into a $4 million note during the first quarter, and in anticipation of an equity raise of $2.3 million in gross proceeds that was completed subsequent to the close of the second quarter, we finalized a prospectus supplement for our Form S-3 shelf registration. These actions produced expenses for the second quarter and contributed to the net loss.
“We are pleased that our operating subsidiaries in New Zealand, Canada and in the U.S. continue to do well overall. Moving into the second half of our fiscal year, we expect to significantly reduce expenses in our Marygold & Co. subsidiary, having successfully completed the proof-of-concept phase,” Neibert added.
Nicholas Gerber, TMC’s Chief Executive Officer, said, “We have spent nearly $20 million into what we refer to as the ‘Marygold Project,’ which includes Marygold & Co. and its counterpart, Marygold & Co. (UK) Limited. We view these costs as investments in TMC’s long-term future, and believe the Company is poised to move forward with the initial roll-out of the mobile app in the U.K. shortly, while we strategize on marketing direction for the app in the U.S.
“As shareholders, we all have gone through a painful period of enduring losses, while we refocused our corporate resources in the fintech sector. I believe we will turn the corner soon and begin to see some tangible results for those efforts,” Gerber said.
Business Units
The Company’s USCF Investments subsidiary, https://www.uscfinvestments.com/, acquired in 2016 and based in Walnut Creek, Calif., serves as manager, operator or investment adviser to 15 exchange traded products, structured as limited partnerships or investment trusts that issue shares trading on the NYSE Arca.
Gourmet Foods, https://gourmetfoodsltd.co.nz/, acquired in 2015, is a commercial-scale bakery that produces and distributes iconic meat pies and pastries throughout New Zealand under the brand names Pat’s Pantry and Ponsonby Pies. Acquired by Gourmet Foods in 2020, Printstock Products Limited https://www.printstock.co.nz, is a printer of specialized food wrappers and is located in Napier, New Zealand. Its operations are consolidated with those of Gourmet Foods.
Brigadier Security Systems, https://brigadierelite.com/, acquired in 2016 and headquartered in Saskatoon, Canada, provides comprehensive security solutions to homes and businesses, government offices, schools and other public buildings throughout the province under the brands Brigadier Security Systems in Saskatoon and Elite Security in Regina, Canada.
Acquired in 2017, San Clemente, Calif.-based Original Sprout, www.originalsprout.com, produces and distributes a full line of vegan, safe, non-toxic hair and skin care products, including a “reef safe” sun screen, throughout the U.S. and in many regions throughout the world.
Marygold & Co., https://marygoldandco.com/, headquartered in Denver, Colo., is a wholly owned TMC subsidiary established in 2019 to explore opportunities in the financial technology sector. Marygold & Co. (UK) Limited, https://marygoldandco.uk/, also a wholly owned TMC subsidiary, was established in the U.K. in 2021 and operates through two U.K.-based investment advisory business units: Marygold & Co Limited (fka/Tiger Financial and Asset Management), acquired in 2022, http://www.tfam.co.uk/, and Step-by Step Financial Planners, acquired in 2024, https://www.sbsfp.co.uk/, that manage clients’ financial wealth across a diverse product range.
About The Marygold Companies, Inc.
The Marygold Companies was founded in 1996 and repositioned as a global holding firm in 2015. The Company currently has operating subsidiaries in fund management, financial services, food manufacturing, printing, security systems and beauty products, under the trade names USCF Investments, Marygold & Co., Marygold & Co. Limited, Step By Step Financial Planners, Gourmet Foods, Printstock Products, Brigadier Security Systems and Original Sprout, respectively. Offices and manufacturing operations are in the U.S., New Zealand, U.K., and Canada. For more information, visit www.themarygoldcompanies.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, should not be relied upon as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation, significantly reducing expenses in the Marygold & Co. subsidiary, along with the risks disclosed in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission and in the Company’s other filings with the Securities and Exchange Commission. The foregoing list of factors is not inclusive. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.
THE MARYGOLD COMPANIES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share data) (unaudited) |
||||||||
|
|
December 31, |
|
June 30, |
||||
ASSETS |
|
|
|
|
|
|
||
|
|
|
|
|
|
|
||
CURRENT ASSETS |
|
|
|
|
|
|
||
Cash and cash equivalents |
|
$ |
5,677 |
|
|
$ |
5,461 |
|
Accounts receivable, net (of which $1,520 and $1,455, respectively, due from related parties) |
|
|
2,292 |
|
|
|
2,678 |
|
Inventories |
|
|
2,189 |
|
|
|
2,191 |
|
Prepaid income tax and tax receivable |
|
|
2,246 |
|
|
|
1,338 |
|
Investments, at fair value |
|
|
9,232 |
|
|
|
9,551 |
|
Other current assets |
|
|
961 |
|
|
|
3,034 |
|
Total current assets |
|
|
22,597 |
|
|
|
24,253 |
|
|
|
|
|
|
|
|
||
Restricted cash |
|
|
61 |
|
|
|
62 |
|
Property and equipment, net |
|
|
1,021 |
|
|
|
1,166 |
|
Operating lease right-of-use assets |
|
|
1,262 |
|
|
|
974 |
|
Goodwill |
|
|
2,481 |
|
|
|
2,481 |
|
Intangible assets, net |
|
|
1,218 |
|
|
|
1,375 |
|
Deferred tax assets, net |
|
|
1,969 |
|
|
|
1,969 |
|
Other assets |
|
|
2,389 |
|
|
|
619 |
|
Total assets |
|
$ |
32,998 |
|
|
$ |
32,899 |
|
|
|
|
|
|
|
|
||
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
|
|
|
|
||
|
|
|
|
|
|
|
||
CURRENT LIABILITIES |
|
|
|
|
|
|
||
Accounts payable and accrued expenses |
|
$ |
3,782 |
|
|
$ |
4,021 |
|
Lease liabilities, current portion |
|
|
627 |
|
|
|
620 |
|
Purchase consideration payable, current portion |
|
|
235 |
|
|
|
277 |
|
Notes payable, current portion |
|
|
3,517 |
|
|
|
315 |
|
Total current liabilities |
|
|
8,161 |
|
|
|
5,233 |
|
|
|
|
|
|
|
|
||
Notes payable, net of current portion |
|
|
376 |
|
|
|
– |
|
Purchase consideration payable, net of current portion |
|
|
– |
|
|
|
237 |
|
Lease liabilities, net of current portion |
|
|
748 |
|
|
|
455 |
|
Deferred tax liabilities, net |
|
|
360 |
|
|
|
360 |
|
Total long-term liabilities |
|
|
1,484 |
|
|
|
1,052 |
|
Total liabilities |
|
|
9,645 |
|
|
|
6,285 |
|
|
|
|
|
|
|
|
||
STOCKHOLDERS’ EQUITY |
|
|
|
|
|
|
||
Preferred stock, par value $0.001; 50,000 shares authorized |
|
|
|
|
|
|
||
Series B: 49 issued and outstanding at December 31, 2024 and June 30, 2024 |
|
|
– |
|
|
|
– |
|
Common stock, $0.001 par value; 900,000 shares authorized; 40,188 and 40,096 shares issued and outstanding at December 31, 2024 and June 30, 2024, respectively |
|
|
40 |
|
|
|
40 |
|
Additional paid-in capital |
|
|
13,196 |
|
|
|
12,825 |
|
Accumulated other comprehensive loss |
|
|
(568 |
) |
|
|
(269 |
) |
Retained earnings |
|
|
10,685 |
|
|
|
14,018 |
|
Total stockholders’ equity |
|
|
23,353 |
|
|
|
26,614 |
|
Total liabilities and stockholders’ equity |
|
$ |
32,998 |
|
|
$ |
32,899 |
|
THE MARYGOLD COMPANIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited) |
||||||||||||||||
|
||||||||||||||||
|
|
Three Months Ended |
|
Six Months Ended |
||||||||||||
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||
|
|
|
|
|
|
|
|
|
||||||||
Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Fund management – related party |
|
$ |
4,685 |
|
|
$ |
4,997 |
|
|
$ |
9,276 |
|
|
$ |
10,047 |
|
Food products |
|
|
1,688 |
|
|
|
1,920 |
|
|
|
3,510 |
|
|
|
3,649 |
|
Beauty products |
|
|
832 |
|
|
|
842 |
|
|
|
1,430 |
|
|
|
1,617 |
|
Security systems |
|
|
585 |
|
|
|
570 |
|
|
|
1,274 |
|
|
|
1,123 |
|
Financial services |
|
|
214 |
|
|
|
128 |
|
|
|
423 |
|
|
|
256 |
|
Revenue |
|
|
8,004 |
|
|
|
8,457 |
|
|
|
15,913 |
|
|
|
16,692 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Cost of revenue |
|
|
2,076 |
|
|
|
2,091 |
|
|
|
4,203 |
|
|
|
4,128 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Gross profit |
|
|
5,928 |
|
|
|
6,366 |
|
|
|
11,710 |
|
|
|
12,564 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Operating expense |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Salaries and compensation |
|
|
2,947 |
|
|
|
2,999 |
|
|
|
6,094 |
|
|
|
5,589 |
|
General and administrative expense |
|
|
2,361 |
|
|
|
2,306 |
|
|
|
4,926 |
|
|
|
4,556 |
|
Fund operations |
|
|
1,566 |
|
|
|
1,187 |
|
|
|
2,978 |
|
|
|
2,461 |
|
Marketing and advertising |
|
|
738 |
|
|
|
718 |
|
|
|
1,407 |
|
|
|
1,685 |
|
Depreciation and amortization |
|
|
142 |
|
|
|
153 |
|
|
|
301 |
|
|
|
307 |
|
Total operating expenses |
|
|
7,754 |
|
|
|
7,363 |
|
|
|
15,706 |
|
|
|
14,598 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Loss from operations |
|
|
(1,826 |
) |
|
|
(997 |
) |
|
|
(3,996 |
) |
|
|
(2,034 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Interest and dividend income |
|
|
1,064 |
|
|
|
138 |
|
|
|
1,215 |
|
|
|
331 |
|
Interest expense |
|
|
(362 |
) |
|
|
(3 |
) |
|
|
(393 |
) |
|
|
(7 |
) |
Other expense, net |
|
|
(1,105 |
) |
|
|
(503 |
) |
|
|
(1,124 |
) |
|
|
(458 |
) |
Total other expense, net |
|
|
(403 |
) |
|
|
(368 |
) |
|
|
(302 |
) |
|
|
(134 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Loss before income taxes |
|
|
(2,229 |
) |
|
|
(1,365 |
) |
|
|
(4,298 |
) |
|
|
(2,168 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Benefit from income taxes |
|
|
482 |
|
|
|
182 |
|
|
|
966 |
|
|
|
484 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Net loss |
|
$ |
(1,747 |
) |
|
$ |
(1,183 |
) |
|
$ |
(3,332 |
) |
|
$ |
(1,684 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Weighted average shares of common stock |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic and diluted |
|
|
40,863 |
|
|
|
40,397 |
|
|
|
40,855 |
|
|
|
40,397 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Net loss per common share |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic and diluted |
|
$ |
(0.04 |
) |
|
$ |
(0.03 |
) |
|
$ |
(0.08 |
) |
|
$ |
(0.04 |
) |
Contacts
Media and investors, for more Information, contact:
Roger S. Pondel
PondelWilkinson Inc.
310-279-5965
rpondel@pondel.com
Contact the Company:
David Neibert, Chief Operations Officer
949-429-5370
dneibert@themarygoldcompanies.com
The post The Marygold Companies, Inc. Reports Financial Results for 2025 Second Fiscal Quarter appeared first on Fintech News.
]]>