Author: News Direct

–News Direct–

Disseminated on behalf of Gladiator Metals Corp.

As the copper market continues to heat up, mineral exploration company Gladiator Metals Corp. (TSXV:GLAD) (OTCQB:GDTRF) is making significant strides in its exploration efforts at the Whitehorse Copper Belt.

The Whitehorse Copper Project is an advanced exploration for copper, molybdenum, silver, and gold skarns in the Yukon Territory, Canada. Covering 314 claims over 5,380 hectares, it includes over 30 skarn occurrences in a 35 by 5 km arc.

Discovered in 1897, the project saw significant production from 1967 to 1982, yielding 267.5 million pounds of copper, 225,000 ounces of gold, and 2.838 million ounces of silver. It has excellent access via roads and trails near the South Klondike and Alaska Highways, with power available from the Yukon grid.

Gladiator Metals Corp. (TSXV:GLAD) (OTCQB:GDTRF) recently received processed results from a high-definition drone-borne aeromagnetic survey over the Whitehorse Copper Belt. This survey has identified potential extensions to known mineralization, highlighted significant undrilled exploration targets associated with high-magnetic responses, and supported a strong correlation between occurrences of magnetite-copper skarn mineralization and reported magnetic anomalies.

The survey results support Gladiators belief that such detailed surveys can effectively be used as direct detection tools for mineralized bodies under cover. An initial review has identified significant new target areas with high magnetic responses, prompting Gladiator to stake an additional 54 km of claims, increasing the total area of the Whitehorse Copper Project to 133 km.

In response to acquiring this significant data set and new claims, Gladiator Metals has advanced its summer field campaigns to immediately follow up on magnetic targets. The company has already begun geological mapping, rock chipping, and soil sampling, with ground-based geophysics (IP and EM) set to commence shortly ahead of planned drilling.

Gladiator Metals Corp. (TSXV:GLAD) (OTCQB:GDTRF) CEO, Jason Bontempo, stated that this survey, the first of its size, coverage, and technological advancement in the area, was designed to explore prospective sections of geology for magnetite-copper skarns hidden under thin cover. Given the high magnetic response of previously identified magnetite-copper skarn mineralization, Gladiator is confident in the survey's potential as a direct detection tool for further high-grade copper mineralization.

Multiple new, undrilled magnetic anomalies have been identified, indicating the extensive new discovery potential of high-grade copper in the Whitehorse Copper Project area. Gladiators field crews are now actively following up on these anomalies and look forward to updating the market on the developing target areas ahead of drilling later this year.

Gladiator Metals Expands Whitehorse Copper Project With New Jackson Copper-Skarn Prospect

On May 30, Gladiator Metals (TSXV:GLAD) (OTCQB:GDTRF) announced it has staked 55 claims, adding 11.3 km to their tenure, covering the Jackson Copper-Skarn prospect. This new prospect is located 15 km west of existing claims at the Whitehorse Copper Project. This area spans over 6 km of a promising contact zone between Cretaceous intrusive bodies and Triassic metasediments, key for mineralization in the Whitehorse Copper Belt.

The Jackson Copper-Skarn prospect shows significant exploration potential, indicated by historical shallow drill results intersecting high-grade copper, gold, and silver skarns. Notable results include 6.12 meters at 5.61% copper, 1.03 grams per ton gold, and 247 grams per ton silver from 55.14 meters, 10.67 meters at 6.45 grams per ton gold from 71.02 meters within 21.88 meters at 3.45 grams per ton gold, and 1.99 meters at 4.0 grams per ton gold from 19.35 meters.

Undrilled target areas highlighted by surface-exposed high-grade copper skarn mineralization include the Franklin Target, with rock chip samples showing up to 9.4% copper and 6.36 grams per ton gold, and the Hamilton Target, with rock chip samples showing up to 3.48% copper and 10.4% zinc. The Janet Target also shows rock chip samples with up to 7.85% copper and 16.59 grams per ton gold. Initial airborne magnetics conducted by previous explorers highlight undrilled high-magnetic anomalies over more than 4.4 km of strike.

Gladiator Metals Corp. (TSXV:GLAD) (OTCQB:GDTRF) has begun summer exploration programs, including mapping and sampling, in the area, with drone magnetics planned for later in the season.

Click here for more information about Gladiator Metals Corp. (TSX-V:GLAD) (OTC:GDTRF).

Disclosure:

1) The author of the Article, or members of the authors immediate household or family, do not own any securities of the companies outlined in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.

2) The Article was issued on behalf of and sponsored by, Gladiator Metals Corp. Market Jar Media Inc. was paid $1,500 USD for the production and publishing of this article by Gladiator Metals Corp.s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.s engagement by Gladiator Metals Corp.s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-glad.

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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, forward-looking statements), which reflect management's expectations regarding Gladiator Metals Corp.s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as predicts, projects, targets, plans, expects, does not expect, budget, scheduled, estimates, forecasts, anticipate or does not anticipate, believe, intend and similar expressions or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Gladiator Metals Corp.s industry; (b) market opportunity; (c) Gladiator Metals Corp.s business plans and strategies; (d) services that Gladiator Metals Corp. intends to offer; (e) Gladiator Metals Corp.s milestone projections and targets; (f) Gladiator Metals Corp.s expectations regarding receipt of approval for regulatory applications; (g) Gladiator Metals Corp.s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Gladiator Metals Corp.s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of managements experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Gladiator Metals Corp.s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Gladiator Metals Corp.s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Gladiator Metals Corp.s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Gladiator Metals Corp. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Gladiator Metals Corp.s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Gladiator Metals Corp.s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Gladiator Metals Corp.s business operations (e) Gladiator Metals Corp. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, Gladiator Metals Corp. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Gladiator Metals Corp. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Gladiator Metals Corp. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Gladiator Metals Corp. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Gladiator Metals Corp. or such entities and are not necessarily indicative of future performance of Gladiator Metals Corp. or such entities.

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Contact Details

James Young

+1 800-340-9767

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MarketJar

COMTEX_453294073/2655/2024-06-03T12:03:08

–News Direct–

On June 4, National Legal and Policy Center will present a shareholder proposal at the General Motors Company advocating for GMs board of directors to reevaluate the electric vehicle expansion targets included in its executive compensation packages.

The proposal, identified as Item No. 5 on the 2024 proxy ballot, argues that GMs focus on electric vehicles is misaligned with both the market demand for EVs and the economic realities the company faces.

Last month NLPC filed a proxy memo with the Securities and Exchange Commission that explains its rationale for the proposal.

GM, like many in energy-intensive sectors, has increasingly aligned its corporate strategies with a poorly substantiated, government-subsidized, and corporate media-amplified scientific consensus that carbon emissions will result in catastrophic effects to the planet, and to humans.

These scenarios are increasingly unlikely, yet the corporate media continues to portray them as the default. Supposedly, this climate crisis can only be averted if governments and consumers adopt environmentally friendly technology, such as electric vehicles, en masse.

However, electric vehicles arent good for the environment. Even with government subsidies, theyre expensive and unprofitable. Further, consumers dont want to make the switch.

Luke Perlot, Associate Director of NLPC's Corporate Integrity Project, stated, Our proposal encourages a reassessment of GMs current executive compensation incentives, which overly prioritize electric vehicle production without adequate consideration of the associated economic, environmental, and ethical risks. Instead, the company should remove these incentives and give its executive team the opportunity to pursue growth strategies without political bias.

Key Details of the Proposal:

• Misalignment with Market Realities: Despite substantial investments and executive incentives, the anticipated demand for EVs has not materialized at the projected scale. An open letter to President Biden signed by over 5,000 auto dealerships warned of lack of demand for EVs.

• Economic Viability and Subsidy Dependence: GM's profitability in the EV sector is heavily reliant on government subsidies, which are subject to political changes and could be repealed as early as 2025. Without these subsidies, the divisions path to achieving positive pre-tax earnings, currently projected for no sooner than 2025, appears increasingly precarious.

• Environmental and Ethical Challenges: The extraction and processing of rare-earth elements, crucial for these batteries, are predominantly concentrated in regions with poor environmental and labor standards. This not only leads to severe ecological damage, but also involves significant human rights abuses, including forced labor. Further, these elements are primarily processed in China, a geopolitical adversary of the United States.

Consumers still want internal combustion engine vehicles, Perlot added, and GMs competitors are making substantial investments to meet their demand. The company cannot afford to be left behind because of misguided incentives.

Founded in 1991, the National Legal and Policy Center promotes ethics in public life through research, investigation, education and legal action.

Contact Details

National Legal and Policy Center

Dan Rene

+1 202-329-8357

drene@nlpc.org

Company Website

http://www.nlpc.org

View source version on newsdirect.com: https://newsdirect.com/news/shareholder-proposal-seeks-reevaluation-of-exec-incentives-for-evs-at-gm-366775689

NLPC

COMTEX_453293207/2655/2024-06-03T11:47:06

–News Direct–

Comcast today announced a partnership with Se Habla Media to support and expand its Jaime Mendez News Spanish-language newscast to the more than 60,000 members of the Hispanic community in Seattle. The partnership includes a grant to support operations and technology along with a regular spot on Comcasts Xfinity TV Channel 79 to air its broadcasts.

When Sinclair Broadcasting group let go of its Univison affiliate at the end of 2023, the only local Spanish newscast on TV in our area also disappeared, said Diana Oliveros, co-founder of Se Habla Media. This sudden lack of a newscast posed yet another barrier to important information for many Hispanics. So, we decided to create our own local media outlet.

Se Habla Media was born out of Oliveros and Jaime Mendezs desire to fill the void left by the disappearance of Univision. The two decided that creating their own media outlet was the best and likely only solution to avoid the disappearance of local Spanish-language news. They also realized that they didnt have time to waste. In roughly three months they created Se Habla Media and launched on Jan. 1, 2024. It was a labor of love in more ways than oneOliveros and Mendez are married and live in the home that has also become their studio.

"Our collaboration with Jaime and Diana aligns seamlessly with Comcast's mission to support our communities, advance digital equity, and help small businesses succeed," said Rodrigo Lopez, Senior Vice President of Comcast Pacific Northwest Region. "By supporting Se Habla Media, a news outlet created by Latinos for Latinos, we are helping to keep our Spanish-language community informed about local events and raise awareness of important local issues."

Before the partnership with Comcast, Jaime Mendez News, the newscast produced by Se Habla Media, was limited to online broadcasts. Even without a lot of marketing or a TV cable channel, it was able to build a critical mass of more than 120,000 followers. Additionally, the outlet has reached more than a million viewers across Facebook, Instagram and YouTube. Most of the Se Habla Medias online audience lives in the Puget Sound area, but it also has followers in Central and Eastern Washington, California and Mexico. The addition of a TV cable channel and the support of Comcast will help expand its reach and audience.

There is a huge technological gap for some members of the Hispanic community, said Oliveros. It is often taken for granted that anyone has access to internet connection and social media, but the truth is that TV is still an important, and sometimes the only source of information for some people. These are the people that tend to be some of the most vulnerable.

Mendez was the news anchor for the now closed Seattle Univision broadcast. He has been a pioneer in Hispanic media for the last 25 years. Oliveros is a career diplomat specializing in community outreach and local economic development. During her six years in Seattle, she acted as Consul for Community Outreach at the Consulate of Mexico in Seattle, leading the efforts of collaborating with the Mexican migrant community in Washington and Alaska, to provide health, education and financial literacy programs. Her position created a deeper and better understanding of the needs and culture of the local and regional Spanish speaking community.

The financial support from Comcast will also aid in paying for freelance reporters to develop news stories. In the future, Mendez wants to provide more daily news and add a sports show with specialized segments.

We feel glad to see that other stakeholders, like Comcast, see the value of what we are doing and commit to strengthen projects like ours, said Mendez. The partnership with Comcast helps us bring reliable information to more people and gives us the exposure we need to raise awareness about the need in the Hispanic community.

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences.

Contact Details

Comcast

Andy Colley

andy_colley@comcast.com

Company Website

https://washington.comcast.com/

View source version on newsdirect.com: https://newsdirect.com/news/comcast-partners-with-jaime-mendez-news-to-serve-hispanic-community-in-seattle-806154045

Comcast Pacific Northwest

COMTEX_453290395/2655/2024-06-03T10:59:00

–News Direct–

By Meg Flippin, Benzinga

Thanks to their large upside potential, many seasoned traders choose to trade options to play the markets. Fintechs like Robinhood have made accessing the market easier for seasoned traders to fine-tune their strategies, building based on their trading level.

With inflation remaining stubborn, the markets appearing to be waiting for the Federal Reserves next move on interest rates and the U.S. about to enter what is expected to be a polarizing presidential election, volatility has been high. In April, the VIX Index which Wall Street uses to gauge volatility in the market hit its highest level since late October 2023, when the Israel-Hamas conflict began. Year-to-date, the VIX Index is up more than 12%.

Options Abound With Options Trading

While volatility may scare buy-and-hold investors, for active options traders, some look at it as an opportunity. After all, with options trading, investors can engage in a variety of diverse strategies that have the potential to work in all sorts of market conditions, whether it's speculating stocks will go up or down based on their bearish and bullish outlooks. Options are also cheaper than buying shares outright, creating leverage, which means the gains on your investment could be amplified as can losses. However, options expire, and you can lose your entire investment in a short period of time. Some strategies present a potential for substantial or even unlimited losses.

Then there are the hedging capabilities that come with options, which can help mitigate the dangers of high-risk, high-reward instruments. If an investor is worried a stock is going to fall they can purchase puts that enable them to sell the stock at a strike price, regardless of where the stock falls prior to expiration of the option. The same cant be said of stocks. If shares tank, you dont have any downward protection other than to sell and limit your losses. However, if the stock goes up or doesnt move prior to expiration, the option will expire worthless and the loss is equal to the premium paid.

Leveling The Playing Field For Options Investors

Accessing options trading is getting even easier thanks to Robinhoods trading platform. Not only do customers get access to options but also advanced charts, including the ability to track and modify technical indicators such as moving average, relative strength index and moving average convergence divergence. Furthermore, there are no contract fees.*

Other powerful features of Robinhoods platform include the ability to save and monitor options contracts to see hypothetical returns and options rolling in which you can seamlessly adjust and extend your positions. And lets not forget 24-hour support. If you have a question on your option strategy even in the wee hours of the morning, Robinhood has you covered.

Even retirement accounts and cash account holders can trade options with Robinhood. The same cant be said of some of Robinhoods rivals.

Robinhoods efforts to improve access are not surprising. For some time now, the company has been on a mission to level the playing field when it comes to investing by providing access to an array of investment and retirement products, keeping costs down and commissions at zero (other fees apply). Take Robinhood Gold for one example. Gold subscribers get 5% APY on uninvested cash in their brokerage account, a 1% boost on brokerage transfers and instant deposits.

None of this is lost on options traders, which is why that part of Robinhoods business is growing, and options traders are taking note. Robinhood is making moves to grow its market share even more. We want to be number one in the active trader market. So active traders are very important for us, Robinhood CEO Vladimir Tenev said in a recent interview. They care about very specific things like performance, pricing, user experience. And we're making lots of investments there both in the user experience and in new product innovations that other competitors don't offer, 24-hour market being a great example there.

Options trading is growing in popularity as regular retail investors learn its virtues. Robinhood wants to be a leader in the space and is pulling out all the stops to achieve that.

If you are interested in trading options and want to do so at a low cost with all the support you need, then check out Robinhoods offering here.

Featured photo by Nicholas Cappello on Unsplash.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.

Disclaimer:

*There are no contract fees charged directly by Robinhood. However Robinhood does pass through certain fees charged by securities regulators and exchanges.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Robinhood Financial does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy. Supporting documentation for any claims, if applicable, will be furnished upon request.

Rolling options does not ensure a profit or guarantee against a loss. An investor may also end up compounding their losses. By rolling out, the duration is extended, which can also increase risks as there's more time for the underlying security's price to move unfavorably.

One of the key downsides of options vs stocks is that options contracts expire over time. For puts, If the stock price is at or above the strike price, the option expires worthless, and you can lose the money you paid for the options contract.

Risk of VIX options:

The prices of VIX options can fluctuate significantly and thus increase the risk for investors.

The VIX is a synthetic value that is calculated on the basis of option prices. Investors who invest in VIX options should therefore be aware of the special features of this asset class.

In some market situations, the VIX and thus also the prices of VIX options may not move in the expected direction. This means that in some cases VIX options may not help to reduce the risk of a portfolio, but rather increase it.

VIX options generally have a term of only a few months and are therefore more suitable for short-term trading.

Contact Details

Benzinga

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info@benzinga.com

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http://www.benzinga.com

View source version on newsdirect.com: https://newsdirect.com/news/use-volatility-in-your-favor-with-robinhood-options-trading-in-april-volatility-index-vix-hit-highest-mark-337548674

Benzinga

COMTEX_453285838/2655/2024-06-03T09:43:17

–News Direct–

Avenue Z a strategic communications and marketing consultancy today announces the full unification and rebranding of Bevel, a strategic communications firm, to form a new driving force behind media convergence. This unique combination is a strategic venture, breaking the traditional boundaries of PR, marketing, media, and social commerce to drive influence across all digital channels.

We see the market as very open to a company like ours that brings these talents and technologies together under one roof, not just for clients benefit, but to build something that is differentiated in this space, says Jeffrey Herzog, Chairman and CEO of Avenue Z. The leadership team at Bevel, now fully unified under Avenue Z, is a critical part of helping our clients achieve greater reach, revenue, and returns .

Avenue Z aims to deliver consistent messaging that drives tangible action across multiple touchpoints. The Convergence Media approach addresses this need by seamlessly blending various disciplines to create narratives that drive commerce, forge meaningful connections, and spark impactful conversions.

By joining forces through a tech-forward approach to reputation management, our clients will be better connected to their audiences through an integrated communications strategy, said Nneka Etoniru, EVP, Head of New York at Avenue Z, and one of Crains Most Notable Leaders in Advertising, Marketing and PR. Avenue Zs approach to convergence unifies the best of brand, media, marketing, and PR to supercharge client campaigns and ultimately yield higher conversions.

Merging traditional PR tactics with paid media, digital marketing, and performance media not only increases the frequency and consistency of brand interactions but also strengthens the narrative across every platform from the Wall Street Journal to TikTok. With teams in New York, Boston, Orlando, and Miami, Avenue Z is set to break boundaries and set the stage for groundbreaking achievements in the PR industry, and beyond.

PR and strategic communications are tools for driving awareness to support their launch initiatives, growth metrics, and raising funds. To achieve broader reach, its critical that those PR efforts tie in with digital marketing assets that convert, and performance media that drives connections with the right audiences. Our clients are always innovating, they expect their PR agency to do the same. Thats exactly what weve done. said Libbie Wilcox, Director of Avenue Z New York and lead of their Alternative Assets practice.

Avenue Zs new Convergence PR solution is now available to existing clients.

As part of the leadership team, I know we are so excited for all that is to come. As a PR professional, Im reassured that the industry is also in alignment. They see that PR is ready for a change. Its ready for more. And, were going to be among the first to pave that path, said Bristol Jones, Director and Head of Miami at Avenue Z.

Avenue Z is a strategic marketing and communications company breaking traditional boundaries between marketing, advertising, and PR. From the Wall Street Journal to TikTok, PR to social and search, we create narratives that drive commerce, connections, and conversion, across all channels. With experts, tech, and teams based in New York, Boston, Orlando, Miami, and global reach – we drive influence. Visit www.avenuez.com

Contact Details

Avenue Z

+1 407-637-2833

press@avenuez.com

Company Website

https://avenuez.com/

View source version on newsdirect.com: https://newsdirect.com/news/bevel-rebrands-under-avenue-z-driving-new-era-of-media-convergence-146301631

Avenue Z

COMTEX_453284309/2655/2024-06-03T09:03:12

–News Direct–

By James Blacker, Benzinga

Subscription health and fitness firm The Beachbody Company, Inc (NYSE: BODI) saw a significant turnaround in its financial results for the first quarter ending March 31, reporting higher revenue and adjusted EBITDA compared to the previous quarter as well as the first positive free cash flow quarter since 2020.

Positive Financial Metrics

The company, which now goes by BODi, reported a total revenue of $120 million for the first quarter, exceeding the midpoint of guidance. While revenue was down around 17% from $144.9 million in the same period of 2023, the figure grew from $119 million in the previous quarter representing the first quarter-on-quarter revenue growth since 2021.

BODis increase in revenue compared to the previous quarter was driven by a more than 7% increase in revenue from its Nutrition & Other segment, while the Digital and Connected Fitness segments saw slight dips in revenue over the same period.

A key highlight for the quarter was the companys first positive free cash flow since 2020, which was $7.4 million, compared to negative $11.3 million in the first quarter of 2023. BODi said it generated $9.1 million from operating activities in Q1 2024, in stark contrast to a cash outflow of $7.9 million from operating activities in the same period of 2023. The company also saw an inflow of $3.9 million from investing activities, compared to an outflow of $3.4 million last year.

"Our net cash position increased from $3.9 million at December 31, 2023 to $14.4 million at March 31, 2024, representing approximately a $10 million improvement in our liquidity in one quarter, noted Marc Suidan, BODis Chief Financial Officer.

Other key financial metrics also showed positive improvements, with a substantial rise in adjusted EBITDA at $4.6 million, compared to a negative $0.9 million in the first quarter of last year. Moreover, the company narrowed its net loss to $14.2 million in the first quarter from $29.2 million in the year-ago period.

BODis financial improvement in Q1 2024 was bolstered by a reduction in total operating expenses, which fell to $92.1 million in the first quarter from $118.8 million a year earlier. This helped slash the operating loss by $16.6 million (over 60%!), from $27.4 million to $10.8 million.

Outlook For Q2

Looking ahead to the second quarter of 2024 ending June 30, BODi expects to see revenue fall within the range of $103 million to $113 million, with a net loss of between $14 million and $20 million. Adjusted EBITDA in Q2 is projected to be between negative $3 million and positive $3 million.

While BODi appears to remain cautious in its Q2 outlook, the positive Q1 results mark a potential turning point for the company. The revenue growth, positive free cash flow and improved adjusted EBITDA signify robust progress in its turnaround plan.

Things could be looking up for BODi, provided it can capitalize on the booming online/virtual fitness market, which is projected to grow at a CAGR of 32.7% through 2032, becoming a $250.7 billion market.

Key Financial Metrics For The Quarter Ended 31 March

	The Beachbody Company (NYSE: BODI)	Peloton Interactive (NASDAQ: PTON)	GAIA Inc. (NASDAQ: GAIA)	WW International (NASDAQ: WW)?
Revenue	$ 120 million	$ 717.7 million	$ 21.7 million	$ 206.5 million
Market cap (as of 22 May)	$ 58.135 million	$ 1.235 billion	$ 94.253 million	$ 136.232 million
Subscriptions	1.37 million	6.6 million	839,000	4 million
Gross Profit	$ 81.28 million	$ 309.7 million	$ 18.5 million	$ 137.8 million
Adjusted EBITDA	$ 4.6 million	$ 5.8 million		$ 8.8 million

Additionally, a comparison of the Market Cap to Last Twelve Months (LTM) Revenue ratio can be found below:

	The Beachbody Company (NYSE: BODI)	Peloton Interactive (NASDAQ: PTON)	GAIA Inc. (NASDAQ: GAIA)	WW International (NASDAQ: WW)?
Market Capitalization	$ 58.135 million	$ 1,235 million	$ 94.253 million	$ 136.232 million
Revenue (LTM)	$ 502 million	$ 2,699 million	$ 82 million	$ 854 million
Revenue / Market Cap Ratio	0.12	0.46	1.15	0.16

Featured photo by StockSnap on Pixabay.

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Benzinga

COMTEX_453283437/2655/2024-06-03T08:47:10

–News Direct–

By Jeremy Golden, Benzinga

Clinical-stage biopharmaceutical company Candel Therapeutics, Inc. (NASDAQ: CADL) reported updated survival data from its randomized phase 2 clinical trial of CAN-2409 in borderline resectable pancreatic cancer. Pancreatic cancer is the fourth leading cause of cancer-related death in the U.S. The disease accounts for approximately 3% of all cancers, with an estimated 64,050 patients diagnosed in 2023.

The randomized, controlled clinical trial is specifically looking into the safety and efficacy of CAN-2409 plus valacyclovir (prodrug), together with standard of care (SoC) chemoradiation, followed by resection if possible in borderline resectable pancreatic ductal adenocarcinoma (PDAC).

Very encouraging results were recently reported by the Needham, Massachusetts-based company.

Patients reached an estimated median overall survival of 28.8 months after experimental treatment with CAN-2409 versus only 12.5 months in the control group in PDAC. At 24 months, the survival rate was 71.4% in CAN-2409 treated patients compared to only 16.7% in the control group after chemoradiation. Thus, prolonged and sustained survival was observed after experimental treatment with CAN-2409 in patients with borderline resectable PDAC. Importantly, 4 out of 7 patients who received CAN-2409 were still alive at the time of data cut-off, with 2 patients surviving more than 50.0 months from enrollment. Only 1 out of 6 patients in the randomized control SoC chemotherapy group remained alive at the data cut-off (50.6 months).

No new safety signals were observed, providing further support that multiple injections of CAN-2409 are generally well tolerated. Additionally, there were no dose-limiting toxicities or cases of pancreatitis reported.

Previous analysis of resected tumors showed dense aggregates of immune cells including CD8+, cytotoxic tumor-infiltrating lymphocytes and dendritic cells in PDAC tissue after CAN-2409 administration. This reinforces the potential of CAN-2409 to activate a robust antitumoral immune response in patients with cancer also in cold, immunosuppressive tumors like PDAC.

Given the frequent recurrence and short survival with SoC chemotherapy for non-metastatic PDAC, effective new treatment options are urgently needed, said Garrett Nichols, MD, MS, Chief Medical Officer of Candel. We are very encouraged by the improved survival associated with CAN-2409, which has been shown to be durable after prolonged follow-up based on the updated data in this randomized clinical trial. CAN-2409 was generally well tolerated without significant additional local or systemic toxicity when added to SoC chemoradiation.

Candels most advanced viral immunotherapy candidate, CAN-2409, is an investigational off-the-shelf, replication-defective adenovirus designed to induce an individualized, systemic immune response against the tumor. Because of its versatility, CAN-2409 has the potential to treat a broad range of solid tumors. More than 1,000 patients have been dosed with CAN-2409 to date, with a favorable reported tolerability profile and proof of concept in each indication that the company is currently pursuing.

CAN-2409 is injected directly into the tumor or target tissue using a localized injection method that is akin to the standard approach for in situ vaccination to elicit an immune response against the injected tumor and uninjected metastases.

Long-term survival data in PDAC was recently updated with eight months of further follow-up since the first analysis was presented at the 2023 Society for Immunotherapy (SITC) Annual Meeting. Based on the data presented at SITC, the U.S. Food and Drug Administration (FDA) granted Fast Track Designation to Candel Therapeutics for CAN-2409 in combination with valacyclovir for the treatment of patients with PDAC in December 2023. More recently, the FDA also granted Orphan Drug Designation.

The failure of conventional immunotherapy to improve outcomes in pancreatic cancer is attributed to the highly immunosuppressive tumor microenvironment, which is largely devoid of immune cells, said Paul Peter Tak, MD, PhD, FMedSci, President and Chief Executive Officer of Candel. The immunological changes induced by CAN-2409, evident in the pancreatic tissue and the peripheral blood after administration, suggest that CAN-2409 is able to change the balance between the tumor and the patients anti-tumor immune response, which can convert progressive cancer into a chronic disease associated with improved survival.

Featured photo by National Cancer Institute on Unsplash.

Candel is a clinical stage biopharmaceutical company focused on developing off-the-shelf multimodal biological immunotherapies that elicit an individualized, systemic anti-tumor immune response to help patients fight cancer. Candel has established two clinical stage multimodal biological immunotherapy platforms based on novel, genetically modified adenovirus and herpes simplex virus (HSV) gene constructs, respectively. CAN-2409 is the lead product candidate from the adenovirus platform and is currently in ongoing clinical trials in non-small cell lung cancer (NSCLC) (phase 2), borderline resectable pancreatic cancer (phase 2), and localized, non-metastatic prostate cancer (phase 2 and phase 3). CAN-3110 is the lead product candidate from the HSV platform and is currently in an ongoing investigator-sponsored phase 1 clinical trial in recurrent high-grade glioma (HGG). Finally, Candels enLIGHTEN Discovery Platform is a systematic, iterative HSV-based discovery platform leveraging human biology and advanced analytics to create new viral immunotherapies for solid tumors.

This article includes certain disclosures that contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, express or implied statements regarding the timing and advancement of development programs, including the timing and availability of additional data, key data readout milestones, including CAN-3110 in HGG; expectations regarding the potential benefits conferred by Fast Track Designation; expectations regarding the therapeutic benefit of its programs, including the potential for its programs to extend patient survival; and expectations regarding cash runway and expenditures. The words may, will, could, would, should, expect, plan, anticipate, intend, believe, estimate, predict, project, potential, continue, target and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any forward-looking statements in this press release are based on managements current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation, those risks and uncertainties related to the timing and advancement of development programs; expectations regarding the therapeutic benefit of the Companys programs; that final data from our pre-clinical studies and completed clinical trials may differ materially from reported interim data from ongoing studies and trials; the Companys ability to efficiently discover and develop product candidates; the Companys ability to obtain and maintain regulatory approval of product candidates; the Companys ability to maintain its intellectual property; the implementation of the Companys business model, and strategic plans for the Companys business and product candidates, and other risks identified in the Companys SEC filings, including the Companys most recent Quarterly Report on Form 10-Q filed with the SEC, and subsequent filings with the SEC. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company disclaims any obligation to publicly update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. Any forward-looking statements contained in this press release represent the Companys views only as of the date hereof and should not be relied upon as representing its views as of any subsequent date.

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Candel Therapeutics

COMTEX_453283087/2655/2024-06-03T08:31:08

–News Direct–

NEW YORK, NY / News Direct/ June 3rd, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued a comprehensive evaluation of Sirius XM Holdings Inc a leading audio entertainment company in North America with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a suite of business and advertising solutions.

Sirius XM Holdings Inc (NASDAQ: SIRI) has recently caught the attention of many investors following a multitude of analyst upgrades while short interest remains relatively high.

Best Growth Stock's full report breaks through the noise and offers a comprehensive analysis of Sirius XMs operations, financials, up to date outstanding shares, chart setup, potential catalysts, recent business combination and much more.

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About Sirius XM Holdings Inc.

SiriusXM is the leading audio entertainment company in North America with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a suite of business and advertising solutions. Reaching a combined monthly audience of approximately 150 million listeners, SiriusXM offers a broad range of content for listeners everywhere they tune in with a diverse mix of live, on-demand, and curated programming across music, talk, news, and sports. For more about SiriusXM, please go to: www.siriusxm.com.

About Best Growth Stocks

Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions.

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Sirius XM Holdings Inc

COMTEX_453281437/2655/2024-06-03T07:51:04

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NobleMarriage, an online matrimonial platform dedicated to helping practicing Muslims find life partners globally, has launched its new Android app. The app features a user-friendly interface while strictly adhering to halal and Shariah values, bolstering a dignified and respectful matchmaking service.

With the newly launched app, users can benefit from advanced and personalized search options, robust anti-scam protection, and verified member profiles. Key functionalities include live chat, photo requests, and user shortlisting, catering to a diverse user base and allowing for anonymous connections and controlled profile preferences.

NobleMarriage's rigorous review process during registration ensures that only real and verified members can join. This thorough verification includes phone number, email address, and profile picture verification, guaranteeing genuine profiles.

The app's advanced algorithms consider preferences such as education level, career choice, location, and social background, enabling instant matches between individuals with similar interests. Female users can keep their photos blurred until they respond to a photo request. Male users also have the option to keep their photos blurred or visible, according to their preferences.

Some of the key features of the NobleMarriage App are as follows:

Data Protection System:

The app employs advanced anti-fraud and data protection systems to create a secure environment, giving users confidence in their search for a life partner.

Verification of Every Profile:

A dedicated moderation team meticulously verifies every profile on the app, ensuring that only genuine marriage seekers are present.

Halal Features:

Noble Marriage offers features aligned with Islamic values, including personalized inboxes, blurred images, photo requests, and search filters, preserving privacy and faith adherence.

Global User Base:

NobleMarriage caters to an international Muslim community and facilitates global connections.

Focus on Marriage:

The app is dedicated solely to helping Muslims find life partners, discouraging dating-type behavior, and upholding the values of marriage.

Getting Started with Noble Marriage is easy. Users must create an account, verify their profile, select and connect with suitable matches, and start the conversation to find their soulmate.

For more information and to download the app, visit their website.

About NobleMarriage:

NobleMarriage is a professional Muslim matchmaker platform designed to help practicing Muslims find life partners in a manner that adheres to Islamic values. The newly launched app makes Noble Marriage's services more accessible and efficient for users. With a focus on safety, authenticity, and halal features, NobleMarriage serves a global community, providing a respectful environment for finding a soulmate.

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NobleMarriage

Shaher Al Rahman

+44 7501 247364

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https://noblemarriage.com/

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Rev Up Marketers

COMTEX_453281272/2655/2024-06-03T07:43:04

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Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued a comprehensive evaluation of GameStop Corp. a Fortune 500 and S&P 500 company that operates as a global, multichannel video game, consumer electronics, and collectibles retailer.

GameStop Corp. (NYSE: GME) has recently caught the attention of many investors following the meme-stock rally revitalization and other subsequent events covered in this report.

Best Growth Stock's full report breaks through the noise and offers a comprehensive analysis of GameStops operations, financials, up to date outstanding shares, recent capital raise, chart setup, possible catalysts, management and much more.

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About GameStop

GameStop Corporation (NYSE: GME) is a Fortune 500 and S&P 500 company that operates as a global, multichannel video game, consumer electronics, and collectibles retailer. The company was founded in 1996 and is headquartered in Grapevine, Texas.

About Best Growth Stocks

Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions.

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Game Stop Corp

COMTEX_453281114/2655/2024-06-03T07:35:03