MOSCA, Colorado — A handmade sign at the start of a long dirt road in the rural San Luis Valley indicates to visitors that they’ve arrived at the future site of Kosmos Stargazing Resort & Spa . The peaks of the Sangre de Cristo Mountains barely make a dent in the big blue skies above the 40 acres purchased by founder and CEO Gamal Jadue Zalaquett. He aims to transform the land into a resort featuring 20 villas, a spa, a restaurant and a planetarium. “It’s a place of alignment. Kosmos is a place of connection,” Jadue Zalaquett said. “Kosmos, in a way, is a place to heal, and the San Luis Valley has a lot to do with healing.” He bought the property for $11,000 in December 2020. But with glass domes for stargazing and expensive price tags to stay the night, Jadue Zalaquett’s ambitious brainchild falls snugly into the category of “luxury ecotourism.” His site is an ideal spot for admiring constellations and distant galaxies. According to the National Park Service, the nearby Great Sand Dunes National Park and Preserve is considered an International Dark Sky Park. Jadue Zalaquett said the area is a class two location on the Bortle dark-sky scale, which translates to “ truly dark ” skies. The resort’s planetarium will include a 1-meter telescope. In terms of getting visitors to Kosmos, “that’s gonna be the biggest attractor,” Jadue Zalaquett said. Development is still in the early stages, but it’s already garnering attention from the public: More than 12,000 Instagram users follow the resort’s page where project renderings and updates are shared. Kosmos plans to open its first villa early next year, said marketing operations manager Jennifer Geerlings. Although it’s still under construction, the resort has already booked more than 2,000 reservations, she added. “A lot of it, for some people, is the excitement of being the first to be able to stay in an experience like this,” Geerlings said in a phone interview. “There’s really no other resort that’s doing this.” While Jadue Zalaquett put about $500,000 toward getting the project off the ground, a crowdfunding campaign raised $1.9 million, Geerlings said. Donors paid a one-time fee to receive 50% discounts off their reservations for early 2025. So instead of paying the usual $700 nightly rate, they booked at $350 per night, Geerlings said. And after the campaign’s end, people continued to contribute directly via Stripe, which put total revenue from crowdfunding at more than $2 million, Jadue Zalaquett added. So why is it worth it to stay at Kosmos? For Geerlings, the answer is a combination of the villas — with their jacuzzis nestled in glass domes under the stars — and amenities like the planetarium. “You’re able to experience some of the best stargazing. The Milky Way is visible to the naked eye,” Geerlings said. “A planetarium is something that’s never been at a resort before.” Future plans for Kosmos In November, director of field operations Auston Duncan stepped over sagebrush and loose hardware to outline the state of construction on the project. An unfinished villa offered a hint of what’s to come. The rectangular building with exposed wooden rafters and newly-installed glass sliding doors will soon house a bedroom and a bathroom. Jeremy Stephen, the founder of Steamboat Springs-based Evolve Construction , built the villa out of hempcrete , which is made of hemp, water and lime. It works as an eco-friendly insulator, helping to mitigate heating and cooling costs and lending itself to the vision of Kosmos as a resort with sustainability in mind. On one side of the villa, a hot tub will be installed. On the other, a dome made out of glass and wood from Ekodome will cover the kitchen and loft area. The development will occur in phases. Next year, 16 stargazing villas (which hold up to four guests) and 4 galaxy villas (which hold up to eight guests) will be constructed, Geerlings said. Every stay includes an hour of a guided stargazing experience and telescope training. In 2026, the amenities will be built out. Those include the Mediterranean-style restaurant and the wellness center with spa features like hyperbaric chambers, a sauna and a cold plunge. In 2027, the planetarium will be added to the resort. To ensure dark skies, guests will park their cars and use electric golf carts to navigate the resort, Jadue Zalaquett said. He mentioned that discussions with consultants on the stargazing center included a NASA representative, who was interested in hosting a mission workshop at Kosmos next year. Both the planetarium and the spa will be open to the public, Geerlings added. “Back at my roots” All in all, it’s a bold plan. And Kosmos is looking to hire to make it happen. Right now, the business is in search of employees to lead their stargazing experiences. So far, it’s recruited a former Great Sand Dunes ranger, Geerlings said. The team is considering college students from Adams State University in Alamosa as interns. Kosmos will also need to staff resort operations, including housekeeping, security and front desk workers. “We’re gonna try and hire pretty much everyone locally,” Geerlings said. For Jadue Zalaquett, taking on an endeavor like this runs in his blood. Related Articles He currently lives between Alamosa and Boulder, but Jadue Zalaquett was born in Chile and grew up in Miami. When his family migrated to Chile, they ran hotels. Several paternal relatives work as architects. However, Jadue Zalaquett didn’t initially follow the family business. Instead, he worked in technology startups for almost a decade. Then, during the COVID-19 pandemic, he visited the San Luis Valley. He realized that, although the Great Sand Dunes were located less than a half hour away, tourists could only choose from a few lodging options. So came the idea for Kosmos. And “here I am, back at my roots,” Jadue Zalaquett said.'They have nowhere to go': Emergency shelters full as Regina hit with another snowfall warning
NASA's stuck astronauts hit 6 months in space. Just 2 more to go
Highlights from Trump's interview with Time magazineU.S. stock markets saw a minor decline on Thursday, primarily driven by significant drops in UnitedHealth shares and a slight easing in technology stocks. Investors are keenly awaiting Friday's employment report, especially after the tragic murder of UnitedHealthcare CEO Brian Thompson, which has led health insurers to reassess risks. The Federal Reserve's future decisions remain a focal point, particularly with a new administration expected to be favorable to markets. Stocks fluctuated amid this backdrop with recent economic data and geopolitical developments influencing investor behavior. (With inputs from agencies.)Ripple’s XRP has always been a cryptocurrency staple and, as such, investors and analysts have been watching Ripple news very closely. With the pair at $2.30 and many expecting it to hit the much anticipated $5 in the near future. However, a new contender has literally crossed the scene of the new contender, Rexas Finance (RXS) which is not only gaining traction but is already ready to provide a much higher ROI than XRP ,10x ROI. XRP Set for Bullish Surge: Could Reach $5 by January 2025 Amid Legal Victory and Institutional Adoption! XRP Ripple is making a comeback as positive sentiment around ongoing legal battles and increased institutional adoption continues to support its resurgence. As we enter the last month of the year, analysts predict that XRP could consolidate around the price that it already is at for a few weeks before making a big move up. According to the current sentiment, XRP could manage to hit its all-time high of $5 by late January 2025, as it did during its past bull runs in 2017. fyi, if $XRP does still continue to follow 2017, we likely continue to consolidate for another 2 weeks until Christmas time then, we make our face melting move up for about a month until late January pic.twitter.com/E9MH8ljNXG With strong support levels on the charts and bullish patterns forming, technical analysis is bolstering the bullish predictions for XRP. If XRP can keep the momentum and close above important resistance levels, it could experience rapid price appreciation over the next few months, according to many market observers. XRP's track record as a useful tool for cross-border payments and partnerships with different industries is further fuelling this optimism. Rexas Finance (RXS): The $0.150 Token Revolutionizing Asset Tokenization with $28 Million Raised in Presale! XRP receives massive attention but Rexas Finance (RXS) is starting to make its name heard in the cryptocurrency world. Available at just $0.150 during its presale, RXS aims to bring real-world (RWA) tokenization to play, where users would be able to tokenize and trade real estate, art, and commodities. Given that, RXS is a game changer in the crypto space, an attractive proposition for investors who want to dig into the unique value propositions. The RXS presale has been off the hook, raising over $28 million with massive investor confidence. Demand is surging while there is just a small chunk of remaining tokens before the price increases to $0.175. RXS’ success at the presale shows a growing community of retail and institutional investor support for an asset that aims to bridge the gap between traditional assets and blockchain technology. Rexas Finance (RXS): The 'XRP Killer' Set for Explosive Growth with 1000%-10,000% Potential! All of this is starting to get people calling RXS an 'XRP killer,' which is in large part thanks to RXS’s focus on real-world applications that are broader in scope than what you might find in your typical cryptocurrency. Whereas most other cryptocurrencies are solely dependent on speculative trading, RXS offers a true utility with tokenizing assets, allowing users to have fractional ownership of physical assets. Due to this unique positioning, it not only appeals better but has the potential to be adopted in many industries. Based on current trends and investor interest, market analysts foresee RXS returns as both 1000% and 10,000%. Moreover, the token's potential for explosive growth is supported by the influx of capital from whales (large investors that are accumulating RXS at an increased rate). The more investors realize the benefits of RXS over XRP, the better RXS’ chances are to beat its competitors. Rexas Finance’s community is growing very fast and there are a lot of opportunities for growth and innovation. Any cryptocurrency’s success is strongly tied to the engagement from the community and it fuels demand as well as raises visibility within the market. Being listed on major platforms such as CoinMarketCap and CoinGecko, as well as having been through rigorous audits from Certik has given RXS the sort of credibility that can bring in more investors. Things are changing for the crypto community and now they are looking for projects that provide real-world solutions instead of mere speculative investment. This trend makes RXS' RWA focus a perfect match and a great opportunity for people interested in diversifying their portfolios while waiting for big returns. XRP vs. Rexas Finance (RXS): Two Game-Changing Tokens Set to Transform the Crypto Market in 2025! As we cast our gaze into the future in 2025 and beyond, XRP and RXS are both excellent investments. XRP already has a presence in the market, which assures investors to invest in stable situations and RXS has the innovative approach to make the investment in a unique manner through their asset tokenization model. The diversification of investors' holdings between these two tokens might maximize the gains while lowering any risk of market fluctuations. Investors can capitalize on RXS’s new technology in RWAs and XRP’s proven track record to place themselves in a growing cryptocurrency space. As key milestones heading towards 2025 approach, the cryptocurrency market is about to change a lot. XRP is a staple investment for many as analysts call for XRP to reach $5 as bullish trends continue. But there is one called Rexas Finance (RXS) that does just that; focusing on real-world asset tokenization. Website: https://rexas.com Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
HAYS CALDWELL ECONOMIC DEVELOPMENT PARTNERSHIP The Hays Caldwell Economic Development Partnership is thrilled to announce Ally Hoffman, Assistant Vice President in Banking Supervision at the Federal Reserve Bank of Dallas, as the keynote speaker for its highly anticipated annual Economic Outlook – 2025, which will occur 11:30 a.m. to 1 p.m. on Jan. 9 at the Texas State University Grand Ballroom (parking in LBJ Parking Garage). With extensive experience in the financial sector, Hoffman brings unparalleled insights into the evolving economic landscape. In her role at the Dallas Fed, she oversees the supervision of capital markets activities, monitors banking conditions within the Eleventh District and implements supervisory policies critical to maintaining financial stability. Since joining the Federal Reserve in 2019, Hoffman has held numerous leadership roles, contributing significantly to both the Dallas Fed and the broader Federal Reserve System. Most recently, Hoffman’s work focused on supervising novel activities within the financial sector. Her dedication and expertise earned her the prestigious William Taylor Award in 2023, presented by Federal Reserve Chair Jerome Powell. This honor represents the highest recognition within the Federal Reserve’s Banking Supervision division. Hoffman’s career began at Ernst & Young, where she specialized in financial services and technology consulting. She also served as a lecturer at the Khoury College of Computer Sciences at Northeastern University. Her academic achievements include a BS from Boston University, an MS from Northeastern University and a PhD from Oklahoma State University. In addition to Hoffman’s keynote address, HCEDP is proud to host a distinguished panel of experts to discuss the region’s economic trajectory and key industry trends for 2025. The panel will be moderated by HCEDP President and CEO Mike Kamerlander and will feature: Tony Bennett, Texas Association of Manufacturers Gabriela Perdichizzi, Texas Association of Business Aaron Demerson, President and CEO of the Texas Economic Development Corporation Panel discussion will include economic development issues in the 89th Regular Legislative Session. The Economic Outlook – 2025 promises to be an invaluable event for business leaders, policymakers and community members eager to understand and prepare for the opportunities and challenges ahead. For more information or to register for the event visit: eventbrite. com/e/economic-outlook -2025-tickets-1095 503162449?SpaceX to launch Bandwagon-2 rideshare from Vandenberg
Florida-Based International Transactions Team Joins Ice Miller to Launch New Miami OfficeBOSTON--(BUSINESS WIRE)--Dec 10, 2024-- Skillsoft Corp. (NYSE: SKIL) (“Skillsoft” or the “Company”), a leading platform for transformative learning experiences, today announced its financial results for the third quarter of fiscal 2025 ended October 31, 2024. Fiscal 2025 Third Quarter Select Metrics and Financials from Continuing Operations (1)(2) “Our fiscal third quarter financial results demonstrate our first step in executing our transformation strategy,” said Ron Hovsepian, Skillsoft’s Executive Chair and Chief Executive Officer. “The operationalization of our strategy is showing the first signs of business and financial improvement for our shareholders and customers.” Fiscal 2025 Third Quarter Business Highlights “I am pleased with our financial results for the quarter, which are highlighted by strong revenue execution, improved profitability, and positive free cash flow,” said Rich Walker, Skillsoft’s Chief Financial Officer. “Our third quarter performance, coupled with momentum from our transformation execution, gives us confidence to raise and tighten our FY25 revenue guidance range, while reaffirming our adjusted EBITDA outlook.” Full-Year Fiscal 2025 Financial Outlook (2) The following table reflects Skillsoft’s updated financial outlook for the fiscal year ending January 31, 2025, based on current market conditions, expectations, and assumptions: GAAP Revenue $520 million – $530 million Adjusted EBITDA $105 million – $110 million (1) Growth calculated relative to the comparable prior year period unless otherwise noted. (2) See “Non-GAAP Financial Measures and Key Performance Metrics” below for the definitions of our key operational and non-GAAP metrics and how they are calculated and more information regarding the fact that the Company is unable to reconcile forward-looking non-GAAP measures without unreasonable efforts. We have provided at the back of this release reconciliations of our historical non-GAAP financial measures to the comparable GAAP measures. Webcast and Conference Call Information Skillsoft will host a conference call and webcast today at 5:00 p.m. Eastern Time to discuss its financial results. To access the call, dial (877) 413‐9278 from the United States and Canada or (215) 268‐9914 from international locations. The live event can be accessed from the Investor Relations section of Skillsoft’s website at investor.skillsoft.com . A replay will be available for six months. About Skillsoft Skillsoft delivers transformative learning experiences that propel organizations and people to grow together. The Company partners with enterprise organizations and serves a global community of learners to prepare today’s employees for tomorrow’s economy. With Skillsoft, customers gain access to blended, multimodal learning experiences that do more than build skills, they grow a more capable, adaptive, and engaged workforce. Through a portfolio of high-quality content, an AI-enabled platform that is personalized and connected to customer needs, and a broad ecosystem of partners, Skillsoft drives continuous growth and performance for employees and their organizations by overcoming critical skills gaps, unlocking human potential, and transforming the workforce. Learn more at www.skillsoft.com . Non-GAAP Financial Measures and Key Performance Metrics The Company has organized its business into two segments (or Business Units): Talent Development Solutions (formerly referred to as Content & Platform) and Global Knowledge (formerly referred to as Instructor-Led Training). We track the non-GAAP financial measures and key performance metrics that we believe are key financial measures of our success. Non-GAAP measures and key performance metrics are frequently used by securities analysts, investors, and other interested parties in their evaluation of companies comparable to us, many of which present non-GAAP measures and key performance metrics when reporting their results. These measures can be useful in evaluating our performance against our peer companies because we believe the measures provide users with valuable insight into key components of U.S. GAAP financial disclosures. For example, a company with higher U.S. GAAP net income may not be as appealing to investors if its net income is more heavily comprised of gains on asset sales. Likewise, excluding the effects of interest income and expense moderates the impact of a company’s capital structure on its performance. However, non-GAAP measures and key performance metrics have limitations as analytical tools. Because not all companies use identical calculations, our presentation of non-GAAP financial measures and key performance metrics may not be comparable to other similarly titled measures of other companies. They are not presentations made in accordance with U.S. GAAP, are not measures of financial condition or liquidity, and should not be considered as an alternative to profit or loss for the period determined in accordance with U.S. GAAP or operating cash flows determined in accordance with U.S. GAAP. As a result, these performance measures should not be considered in isolation from, or as a substitute analysis for, results of operations as determined in accordance with U.S. GAAP. We have provided at the back of this press release reconciliations of our historical non-GAAP financial measures to the comparable GAAP measures. We do not reconcile our forward-looking non-GAAP financial measures to the corresponding U.S. GAAP measures, due to variability and difficulty in making accurate forecasts and projections and/or certain information not being ascertainable or accessible; and because not all of the information necessary for a quantitative reconciliation of these forward-looking non-GAAP financial measures to the most directly comparable U.S. GAAP financial measure is available to us without unreasonable efforts. For the same reasons, we are unable to address the probable significance of the unavailable information. We provide non-GAAP financial measures that we believe will be achieved, however we cannot accurately predict all of the components of the non-GAAP calculations and the U.S. GAAP measures may be materially different than the non-GAAP measures. We disclose the below non-GAAP financial measures and key performance metrics in this press release because we believe these non-GAAP financial measures and key performance metrics provide meaningful supplemental information. Dollar retention rate ( “ DRR ” ) - For existing customers at the beginning of a given period, DRR represents subscription renewals, upgrades, churn, and downgrades in such period divided by the beginning total renewable base for such customers for such period. Renewals reflect customers who renew their subscription, inclusive of auto-renewals for multi-year contracts, while churn reflects customers who choose to not renew their subscription. Upgrades include orders from customers that purchase additional licenses or content (e.g., a new Leadership and Business module), while downgrades reflect customers electing to decrease the number of licenses or reduce the size of their content package. Upgrades and downgrades also reflect changes in pricing. We use our DRR to measure the long-term value of customer contracts as well as our ability to retain and expand the revenue generated from our existing customers. Adjusted net income (loss) - Adjusted net income (loss) is defined as GAAP net income (loss) excluding non-cash items, discrete and event-specific costs that do not represent normal, recurring, cash operating expenses necessary for our business operations, and certain accounting income and/or expenses that management believes are necessary to enhance the comparability and are useful in assessing our operating performance, include the following (including the related tax effects): Adjusted EBITDA - Adjusted EBITDA is defined as adjusted net income (loss) excluding interest expense or income, benefit from or provision for income taxes, depreciation and amortization expense. Adjusted operating expenses – Adjusted operating expenses are defined as GAAP costs of revenues, content and software development, selling and marketing, and general and administrative expenses, excluding depreciation expense, long-term incentive compensation expense, system migration costs, transformation costs, and other non-cash charges, as applicable. Adjusted gross margin – Adjusted gross margin is defined as GAAP revenue less GAAP cost of revenues, excluding long-term incentive compensation expense and depreciation expense, divided by GAAP revenue for the same period. Adjusted contribution margin – Adjusted contribution margin is defined as GAAP revenue less adjusted operating expenses, divided by GAAP revenue for the same period. Free cash flow – Free cash flow is defined as GAAP net cash provided by (used in) operating activities less purchases of property and equipment and internally developed software. Adjusted free cash flow (levered) – Adjusted free cash flow (levered) is defined as free cash flow plus the cash impact for adjusted EBITDA excluded charges. Free cash flow conversion – Free cash flow conversion is defined as free cash flow divided by adjusted EBITDA for the same period. Net leverage – Net leverage is defined as current maturities of long-term debt, plus borrowings under accounts receivable facility, plus long-term debt, less cash and equivalents and restricted cash, divided by adjusted EBITDA for the preceding twelve-month period. Reclassifications Certain amounts reported in prior years have been reclassified to conform to the presentation in the current year. These reclassifications had no effect on total assets, total liabilities, total stockholders' equity, or net income (loss) for the prior year. Cautionary Notes Regarding Forward Looking Statements This document includes statements that are, or may be deemed to be, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created by those laws. All statements, other than statements of historical facts, that address activities, events or developments that we expect or anticipate may occur in the future, including such things as our outlook (including revenue, non-GAAP EBITDA, and free cash flow), our product development and planning, our sales pipeline, future capital expenditures, share repurchases, financial results, the impact of regulatory changes, existing and evolving business strategies and acquisitions and dispositions, demand for our services, competitive strengths, the benefits of new initiatives, growth of our business and operations, and our ability to successfully implement our plans, strategies, objectives, expectations and intentions are forward-looking statements. Also, when we use words such as “may”, “will”, “would”, “anticipate”, “believe”, “estimate”, “expect”, “intend”, “plan”, “project”, “forecast”, “seek”, “outlook”, “target”, “goal”, “probably”, or similar expressions, we are making forward-looking statements. Such statements are based upon the current beliefs and expectations of Skillsoft’s management and are subject to significant risks and uncertainties. All forward-looking disclosure is speculative by its nature, and we caution you against unduly relying on these forward-looking statements. Factors that could cause or contribute to such differences include those described under “Part I - Item 1A. Risk Factors” in our Form 10‐K for the fiscal year ended January 31, 2024. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements included in our other periodic filings with the Securities and Exchange Commission. The forward-looking statements contained in this document represent our estimates only as of the date of this filing and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update these forward-looking statements in the future, we specifically disclaim any obligation to do so, whether to reflect actual results, changes in assumptions, changes in other factors affecting such forward-looking statements, or otherwise. Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of these assumptions, and therefore also the forward-looking statements based on these assumptions, could themselves prove to be inaccurate. Given the significant uncertainties inherent in the forward-looking statements included in this document, our inclusion of this information is not a representation or guarantee by us that our objectives and plans will be achieved. Annualized, pro forma, projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results. Additionally, statements as to market share, industry data and our market position are based on the most current data available to us and our estimates regarding market position or other industry data included in this document or otherwise discussed by us involve risks and uncertainties and are subject to change based on various factors, including as set forth above. SKILLSOFT CORP. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except number of shares and per share amounts) October 31, 2024 January 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 97,921 $ 136,308 Restricted cash 3,881 10,215 Accounts receivable, net of allowance for credit losses of approximately $558 and $562 as of October 31, 2024 and January 31, 2024, respectively 102,498 185,638 Prepaid expenses and other current assets 55,834 53,170 Total current assets 260,134 385,331 Property and equipment, net 3,543 6,639 Goodwill 317,071 317,071 Intangible assets, net 456,692 539,293 Right of use assets 5,054 8,044 Other assets 11,037 17,256 Total assets $ 1,053,531 $ 1,273,634 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current maturities of long-term debt $ 6,404 $ 6,404 Borrowings under accounts receivable facility 10,009 44,980 Accounts payable 21,159 14,512 Accrued compensation 28,325 31,774 Accrued expenses and other current liabilities 22,370 29,939 Lease liabilities 2,088 3,049 Deferred revenue 203,646 282,570 Total current liabilities 294,001 413,228 Long-term debt 574,312 577,487 Deferred tax liabilities 44,099 52,148 Long-term lease liabilities 6,839 9,251 Deferred revenue - non-current 1,823 2,402 Other long-term liabilities 11,977 13,531 Total long-term liabilities 639,050 654,819 Commitments and contingencies Shareholders’ equity: Shareholders’ common stock - Class A common shares, $0.0001 par value: 18,750,000 shares authorized and 8,576,683 shares issued and 8,276,906 shares outstanding at October 31, 2024, and 8,380,436 shares issued and 8,080,659 shares outstanding at January 31, 2024 1 1 Additional paid-in capital 1,559,547 1,551,005 Accumulated equity (deficit) (1,412,279 ) (1,321,478 ) Treasury stock, at cost - 299,777 shares as of October 31, 2024 and January 31, 2024 (10,891 ) (10,891 ) Accumulated other comprehensive income (loss) (15,898 ) (13,050 ) Total shareholders’ equity 120,480 205,587 Total liabilities and shareholders’ equity $ 1,053,531 $ 1,273,634 SKILLSOFT CORP. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenues: Total revenues $ 137,225 $ 138,956 $ 397,241 $ 415,697 Operating expenses: Costs of revenues 34,312 36,407 101,254 114,698 Content and software development 14,937 16,126 45,436 51,024 Selling and marketing 39,615 43,983 122,591 130,321 General and administrative 21,686 22,308 66,390 72,689 Amortization of intangible assets 31,826 38,620 95,197 116,086 Acquisition and integration related costs 931 510 3,349 2,838 Restructuring 3,095 873 15,361 8,592 Total operating expenses 146,402 158,827 449,578 496,248 Operating income (loss) (9,177 ) (19,871 ) (52,337 ) (80,551 ) Other income (expense), net (538 ) 19 1,261 (1,290 ) Fair value adjustment of warrants — 1,105 — 4,750 Fair value adjustment of interest rate swaps (822 ) 3,981 418 11,186 Interest income 924 1,060 2,897 2,576 Interest expense (15,845 ) (16,492 ) (48,538 ) (48,683 ) Income (loss) before provision for (benefit from) income taxes (25,458 ) (30,198 ) (96,299 ) (112,012 ) Provision for (benefit from) income taxes (1,859 ) (2,462 ) (5,498 ) (8,735 ) Income (loss) from continuing operations (23,599 ) (27,736 ) (90,801 ) (103,277 ) Gain (loss) on sale of business — — — (682 ) Net income (loss) $ (23,599 ) $ (27,736 ) $ (90,801 ) $ (103,959 ) Net income (loss) per share: Basic and diluted - continuing operations $ (2.86 ) $ (3.45 ) $ (11.11 ) $ (12.84 ) Basic and diluted - discontinued operations — — — (0.08 ) Basic and diluted $ (2.86 ) $ (3.45 ) $ (11.11 ) $ (12.92 ) Weighted average common shares outstanding: Basic and diluted 8,239,564 8,047,497 8,170,344 8,043,712 SKILLSOFT CORP. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) Nine Months Ended October 31, 2024 October 31, 2023 Cash flows from operating activities: Net income (loss) $ (90,801 ) $ (103,959 ) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Amortization of intangible assets 95,197 116,086 Stock-based compensation 9,985 22,917 Depreciation 2,404 2,629 Non-cash interest expense 1,628 1,546 Non-cash property, equipment, software and lease impairment charges 2,495 4,265 Provision for credit loss expense (recovery) (4 ) 205 (Gain) loss on sale of business — 682 Provision for (benefit from) deferred income taxes – non-cash (8,080 ) (10,270 ) Fair value adjustment of warrants — (4,750 ) Fair value adjustment of interest rate swaps (418 ) (11,186 ) Change in assets and liabilities: Accounts receivable 82,877 70,645 Prepaid expenses and other assets, including long-term 4,258 2,726 Right-of-use assets 1,632 2,184 Accounts payable 6,693 (3,283 ) Accrued expenses and other liabilities, including long-term (12,819 ) (20,820 ) Lease liabilities (3,387 ) (3,048 ) Deferred revenues (79,446 ) (75,250 ) Net cash provided by (used in) operating activities 12,214 (8,681 ) Cash flows from investing activities: Purchase of property and equipment (820 ) (3,753 ) Proceeds from sale of property and equipment 10 — Internally developed software - capitalized costs (13,018 ) (8,055 ) Sale of SumTotal, net of cash transferred — (5,137 ) Net cash provided by (used in) investing activities (13,828 ) (16,945 ) Cash flows from financing activities: Shares repurchased for tax withholding upon vesting of restricted stock-based awards (1,052 ) (1,441 ) Payments to acquire treasury stock — (8,046 ) Proceeds from (payments on) accounts receivable facility (34,971 ) 793 Principal payments on term loans (4,803 ) (4,803 ) Net cash provided by (used in) financing activities (40,826 ) (13,497 ) Effect of exchange rate changes on cash and cash equivalents (2,281 ) (1,674 ) Net increase (decrease) in cash, cash equivalents and restricted cash (44,721 ) (40,797 ) Cash, cash equivalents and restricted cash, beginning of period 146,523 177,556 Cash, cash equivalents and restricted cash, end of period $ 101,802 $ 136,759 Supplemental disclosure of cash flow information: Cash and cash equivalents $ 97,921 $ 129,806 Restricted cash 3,881 6,953 Cash, cash equivalents and restricted cash, end of period $ 101,802 $ 136,759 SKILLSOFT CORP. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (in thousands, unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenues Talent Development Solutions $ 102,998 $ 101,132 $ 302,725 $ 302,893 Global Knowledge 34,227 37,824 94,516 112,804 Total revenues, as reported $ 137,225 $ 138,956 $ 397,241 $ 415,697 Net income (loss), as reported $ (23,599 ) $ (27,736 ) $ (90,801 ) $ (103,959 ) Acquisition and integration related costs 931 510 3,349 2,838 Restructuring 3,095 873 15,361 8,592 Transformation costs 164 1,053 1,351 2,503 System migration costs — 510 118 1,580 Long-term incentive compensation expenses 4,099 7,962 10,438 22,917 Executive exit costs — — 3,326 — Fair value adjustment of warrants — (1,105 ) — (4,750 ) Fair value adjustment of interest rate swaps 822 (3,981 ) (418 ) (11,186 ) Foreign currency impact 524 (181 ) (1,297 ) 1,513 Gain (loss) on sale of business — — — 682 Tax impact of adjustments (1,057 ) (602 ) (3,349 ) (2,921 ) Adjusted net income (loss) from continuing operations (15,021 ) (22,697 ) (61,922 ) (82,191 ) Interest expense, net 14,921 15,432 45,641 46,107 Expense (benefit from) income taxes, excluding tax impacts above (802 ) (1,860 ) (2,149 ) (5,814 ) Depreciation 1,000 266 2,404 2,629 Amortization of intangible assets 31,826 38,620 95,197 116,086 Adjusted EBITDA from continuing operations $ 31,924 $ 29,761 $ 79,171 $ 76,817 Weighted average common shares outstanding: Basic and diluted 8,239,564 8,047,497 8,170,344 8,043,712 Basic and diluted per share information: Net income (loss), as reported $ (2.86 ) $ (3.45 ) $ (11.11 ) (12.92 ) Adjusted net income (loss) from continuing operations $ (1.82 ) $ (2.82 ) $ (7.58 ) $ (10.22 ) Adjusted net income (loss) margin % (10.9 )% (16.4 )% (15.6 )% (19.7 )% Interest expense, net 10.9 % 11.1 % 11.5 % 11.1 % Expense (benefit from) income taxes, excluding tax impacts above (0.6 )% (1.3 )% (0.5 )% (1.4 )% Depreciation 0.7 % 0.2 % 0.6 % 0.6 % Amortization of intangible assets 23.2 % 27.8 % 23.9 % 27.9 % Adjusted EBITDA margin % 23.3 % 21.4 % 19.9 % 18.5 % Adjusted gross margin 75.2 % 73.9 % 74.7 % 72.6 % Adjusted contribution margin 23.3 % 21.4 % 20.0 % 18.5 % SKILLSOFT CORP. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES - continued (in thousands, unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Operating expenses: GAAP costs of revenues $ 34,312 $ 36,407 $ 101,254 $ 114,698 Depreciation (91 ) (80 ) (315 ) (413 ) Long-term incentive compensation expenses (201 ) (128 ) (499 ) (463 ) Adjusted costs of revenues 34,020 36,199 100,440 113,822 GAAP content and software development 14,937 16,126 45,436 51,024 Depreciation (74 ) 22 (218 ) (169 ) Long-term incentive compensation expenses (857 ) (1,575 ) (3,061 ) (5,350 ) System migration — (510 ) (118 ) (1,580 ) Adjusted content and software development 14,006 14,063 42,039 43,925 GAAP selling and marketing 39,615 43,983 122,591 130,321 Depreciation (161 ) (160 ) (531 ) (839 ) Long-term incentive compensation expenses (1,595 ) (1,421 ) (3,648 ) (2,435 ) Transformation — (9 ) (213 ) (251 ) Adjusted selling and marketing 37,859 42,393 118,199 126,796 GAAP general and administrative 21,686 22,308 66,390 72,689 Depreciation (674 ) (48 ) (1,340 ) (1,208 ) Long-term incentive compensation expenses (1,446 ) (4,838 ) (3,230 ) (14,669 ) Transformation (179 ) (882 ) (1,192 ) (2,475 ) Executive exit costs — — (3,326 ) — Adjusted general and administrative 19,387 16,540 57,302 54,337 Total GAAP operating expenses 110,550 118,824 335,671 368,732 Depreciation (1,000 ) (266 ) (2,404 ) (2,629 ) Long-term incentive compensation expenses (4,099 ) (7,962 ) (10,438 ) (22,917 ) System migration — (510 ) (118 ) (1,580 ) Transformation (1) (179 ) (891 ) (1,405 ) (2,726 ) Executive exit costs — — (3,326 ) — Adjusted total operating expenses $ 105,272 $ 109,195 $ 317,980 $ 338,880 (1) This line item does not agree to the amounts reflected on preceding table due to certain transformation expenses not being reflected in GAAP operating expenses. SKILLSOFT CORP. FREE CASH FLOW RECONCILIATION (in thousands) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Free cash flow reconciliation Net cash provided by (used in) operating activities $ 8,717 $ (10,666 ) $ 12,214 $ (8,681 ) Purchase of property and equipment, net (411 ) (347 ) (810 ) (3,753 ) Internally developed software - capitalized costs (4,222 ) (2,104 ) (13,018 ) (8,055 ) Total free cash flow 4,084 (13,117 ) (1,614 ) (20,489 ) Cash impact for adjusted EBITDA excluded charges 10,089 2,306 17,187 10,098 Adjusted free cash flow (levered) $ 14,173 $ (10,811 ) $ 15,573 $ (10,391 ) View source version on businesswire.com : https://www.businesswire.com/news/home/20241210536898/en/ CONTACT: Investors: Ross Collins or Stephen Poe SKIL@alpha-ir.comMedia : Cameron Martin cameron.martin@skillsoft.com KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY SECURITY OTHER TECHNOLOGY SOFTWARE INTERNET CONTINUING TRAINING DATA MANAGEMENT EDUCATION SOURCE: Skillsoft Corp. Copyright Business Wire 2024. PUB: 12/10/2024 04:05 PM/DISC: 12/10/2024 04:04 PM http://www.businesswire.com/news/home/20241210536898/en
Lowe scores career-high 22, leads Pitt over LSU 74-63 in Greenbrier Tip-OffJuan Soto introduced by Mets at Citi Field after striking record $765 million, 15-year deal NEW YORK (AP) — Juan Soto put on a New York Mets jersey and cap for the first time after his record $765 million, 15-year contract was finalized and talked about what made the difference in his decision. He said at his introductory news conference on Thursday that the Mets “showed me a lot of love." Soto was introduced at Citi Field a day after his deal was finalized. Speaking in the Piazza 31 Club, Soto was flanked by Mets owner Steve Cohen, president of baseball operations David Stearns and his agent, Scott Boras. Bill Belichick 'always wanted' to give college coaching a try. Now he will at North Carolina New North Carolina football coach Bill Belichick said he had long been interested in coaching in the college ranks. But it had never worked out until now, as he takes over the Tar Heels program. Belichick led the New England Patriots to six Super Bowl titles during a 24-year run there that ended last year. Belichick's five-year deal pays him $10 million in base and supplemental salary per year. It is guaranteed only for the first three years, including for buyout purposes. There is also up to $3.5 million in annual bonuses. Wander Franco's sex abuse trial has been postponed 5 months PUERTO PLATA, Dominican Republic (AP) — The trial against Tampa Bay Rays shortstop Wander Franco, who has been charged with sexually abusing a minor, sexual and commercial exploitation against a minor, and human trafficking, has been postponed until June 2, 2025. Dominican judge Yacaira Veras postponed the hearing Thursday at the request of prosecutors because of the absence of several key witnesses in the case. Franco’s lawyers asked the court to reconsider the postponement, arguing Franco must report to spring training in mid-February. The judge replied that Franco is obligated to continue with the trial schedule and his conditional release from detainment. Rape investigation that Swedish media say focused on Kylian Mbappé has been closed STOCKHOLM (AP) — Swedish prosecutors say they have dropped a rape investigation that was launched in connection with soccer star Kylian Mbappé’s visit to Stockholm in October. In a statement, lead investigator Marina Chirakova says there is not enough evidence to continue the investigation into the allegation at a hotel. Prosecutors never publicly named the suspect in the investigation but some Swedish media reported it was Mbappé. The Real Madrid striker visited Stockholm in October during a break in the Spanish league. At the time, Mbappé’s legal team dismissed those reports as false. Travis Hunter, the 2-way standout for Colorado, is the AP college football player of the year BOULDER, Colo. (AP) — Colorado two-way standout Travis Hunter is The Associated Press college football player of the year. Hunter received 26 of the 43 votes from a panel of AP Top 25 voters. Boise State tailback Ashton Jeanty finished second with 16 votes, and Arizona State running back Cameron Skattebo received one vote. A throwback player who rarely left the field, Hunter had 92 catches for 1,152 yards and 14 touchdowns as a receiver. He had four interceptions and 11 passes defensed as a shutdown corner. Hunter helped the the 20th-ranked Buffaloes to a 9-3 record and an appearance in the Alamo Bowl against BYU. 2034 World Cup visitors will live in 'a bubble' and not see real life, Saudi rights activist says LONDON (AP) — A Saudi human rights activist says soccer fans visiting Saudi Arabia for the 2034 World Cup will live in a “bubble” that doesn't reflect real life there. Lina al-Hathloul is a London-based activist whose sister was jailed in Saudi Arabia then banned from travel after campaigning to end a ban on women driving. When FIFA confirmed the kingdom as the 2034 tournament host on Wednesday its president Gianni Infantino acknowledged “the world will be watching” for positive social change. Al-Hathloul says western people “will be very safe” at the World Cup but "will see a bubble of what Saudi Arabia is.” Team claims NASCAR rescinded approval to buy new charter unless federal antitrust suit is dropped CHARLOTTE, N.C. (AP) — A new court filing says NASCAR rejected Front Row Motorsports’ agreement to purchase a charter from Stewart-Haas Racing unless the team and 23XI Racing dropped their federal antitrust lawsuit against the stock car series. Front Row and 23XI rejected NASCAR's new revenue sharing agreement and have gone to court. NASCAR now says it will move forward in 2025 with 32 chartered teams and eight open spots, with offers on charters for Front Row and 23XI rescinded and the SHR charters in limbo. Indian teen Gukesh Dommaraju becomes the youngest chess world champion after beating Chinese rival NEW DELHI (AP) — Indian teenager Gukesh Dommaraju has become the youngest chess world champion after beating the defending champion Ding Liren of China. Dommaraju, 18, secured 7.5 points against 6.5 of his Chinese rival in Thursday's game which was played in Singapore. He has surpassed the achievement of Russia’s Garry Kasparov who won the title at the age of 22. Dommaraju is now also the second Indian to win the title after five-time world chess champion Viswanathan Anand. The Indian teen prodigy has long been considered a rising star in the chess world after he became a chess grandmaster at 12. He had entered the match as the youngest-ever challenger to the world crown after winning the Candidates tournament earlier this year. Hojlund scores twice for Man United to beat Viktoria Plzen 2-1 in Europa League, Tottenham held 1-1 Rasmus Hojlund scored twice after coming off the bench and Manchester United rallied to beat Viktoria Plzen 2-1 in the Europa League. The Denmark striker netted in the 88th minute after collecting Bruno Fernandes’ pass off a free kick to seal the victory. Hojlund came on in the 56th and scored an equalizer six minutes later. Totenham was held 1-1 at Rangers and Lazio tops the standings after a 3-1 win at Ajax. In the Conference League a youthful Chelsea lineup made the most of a long trip to Kazakhstan by beating Astana 3-1 to stay perfect in the third-tier competition. NFL world reacts with excitement, surprise, questions after Bill Belichick is hired to coach UNC Bill Belichick is already the most decorated coach in NFL history. His next challenge is college football after he agreed to a five-year deal to coach at North Carolina. The reaction around the NFL ranged from excitement at seeing him back on the sideline to disbelief. Some of his former players believe his skill set will work at any level. Others caution that the players he brings into UNC should prepare to have their limits tested.
Maharashtra CM Swearing-In: MVA Leaders Boycott Ceremony As Nana Patole Criticises New Government For 'Stealing People's Mandate'Stock market today: Wall Street drifts lower after weak signals on the economy NEW YORK (AP) — U.S. stock indexes drifted lower following some potentially discouraging data on the economy. The S&P 500 fell 0.5% Thursday, its third loss in the last four days. The Dow Jones Industrial Average fell 0. Stan Choe, The Associated Press Dec 12, 2024 1:09 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message People pass the New York Stock Exchange in New York's Financial District on Wednesday Dec.11, 2024. (AP Photo/Peter Morgan) NEW YORK (AP) — U.S. stock indexes drifted lower following some potentially discouraging data on the economy. The S&P 500 fell 0.5% Thursday, its third loss in the last four days. The Dow Jones Industrial Average fell 0.5%, and the Nasdaq composite dropped 0.7% from its record set the day before. A report earlier in the morning said more U.S. workers applied for unemployment benefits last week than forecast. A separate update showed that inflation at the wholesale level was hotter last month than economists expected. Adobe sank after issuing weaker-than-expected financial forecasts. Treasury yields rose in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stock indexes are drifting lower Thursday following some potentially discouraging data on the economy . The S&P 500 slipped 0.3%, potentially on track for its third loss in the last four days. That would count as a stumble amid a big rally that’s carried the index toward the close of one of its best years of the millennium . The Dow Jones Industrial Average fell 154 points, or 0.4%, as of 1:45 p.m. Eastern time, and the Nasdaq composite fell 0.3% from its record set the day before. A report earlier in the morning said more U.S. workers applied for unemployment benefits last week than expected. A separate update, meanwhile, showed that inflation at the wholesale level, before it reaches U.S. consumers, was hotter last month than economists expected. Neither report points to imminent disaster, but they tug at one of the hopes that’s driven the S&P 500 to 57 all-time highs so far this year : Inflation is slowing enough to convince the Federal Reserve to keep cutting interest rates, while the economy is remaining solid enough to stay out of a recession. Of the two reports, the weaker update on the job market may be the bigger deal for the market, according to Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. A surge in egg prices may have been behind the worse-than-expected inflation numbers. “One week doesn’t negate what has been a relatively steady stream of solid labor market data, but the Fed is primed to be sensitive to any signs of a softening jobs picture,” he said. Traders see it as a near-certainty that the Fed will cut its main interest rate at its meeting next week. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation. A cut next week would have the Fed following other central banks, which eased rates on Thursday. The European Central Bank cut rates by a quarter of a percentage point, as many investors expected, and the Swiss National Bank cut its policy rate by a steeper half of a percentage point. Following its decision, Switzerland’s central bank pointed to uncertainty about how U.S. President-elect Donald Trump’s victory will affect economic policies, as well as about where politics in Europe is heading. Trump has talked up tariffs and other policies that could upend global trade. He rang the bell marking the start of trading at the New York Stock Exchange on Thursday to chants of “USA.” On Wall Street, Adobe fell 13.5% despite reporting stronger profit for the latest quarter than analysts expected. The company gave forecasts for profit and revenue in its upcoming fiscal year that fell a bit shy of analysts’. Warner Bros. Discovery soared 15.6% after unveiling a new corporate structure that separates its streaming business and film studios from its traditional television business. CEO David Zaslav said the move "enhances our flexibility with potential future strategic opportunities,” raising speculation about a spinoff or sale. Kroger rose 2.5% after saying it would get back to buying back its own stock now that its attempt to merge with Albertsons is off . Kroger’s board approved a program to repurchase up to $7.5 billion of its stock, replacing an existing $1 billion authorization. In stock markets abroad, European indexes held relatively steady following the European Central Bank’s cut to rates. Asian markets were stronger. Indexes rose 1.2% in Hong Kong and 0.8% in Shanghai as leaders met in Beijing to set economic plans and targets for the coming year. South Korea’s Kospi rose 1.6% for its third straight gain of at least 1%, as it pulls back following last week’s political turmoil where its president briefly declared martial law. In the bond market, the 10-year U.S. Treasury yield rose to 4.31% from 4.27% late Wednesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, rose to 4.18% from 4.16%. ___ AP Business Writers Matt Ott and Elaine Kurtenbach contributed. Stan Choe, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More National Business Creditors approve proposed $32.5B deal with tobacco giants today: lawyer Dec 12, 2024 3:26 PM Vancouver Island First Nation whose ancestors met explorer Capt. Cook sue province Dec 12, 2024 3:16 PM Manitoba premier eyes list of possible retaliatory measures for U.S. tariffs Dec 12, 2024 3:10 PM Featured Flyer
" Abang Adik " ( Malaysia ) Takes Home Snow Leopard for Best Film Wu Kang -ren ( " Abang Adik " ) Named Best Actor Diamond Bou Abboud ( "Arze" ) Wins Best Actress Sergei Bodrov Honored with Lifetime Achievement Award HOLLYWOOD, Calif. , Nov. 22, 2024 /PRNewswire/ -- The 10th annual Asian World Film Festival (AWFF) announced its winners at a star-studded Closing Night Gala Awards Ceremony Thursday, November 21 , at the Culver Theater. Over 60 films and special screenings, including 24 Academy Award submissions for Best International Feature Film, were presented over the nine days of the AWFF, held November 13 - 21. The ceremony was hosted by Kyrgyz director and actress Elnura Osmanalieva and TV host, Golden Globe member, filmmaker and actor Mico Saad . FOR PHOTOS: CLICK HERE The Main Competition presented a series of exclusive Snow Leopard Awards with the assistance of Iris Wang , Jury President, producer ("Kung Fu Yoga," "The Composer"). Crime/drama " Abang Adik " ( Malaysia ), directed by Jin Ong , won the Snow Leopard Award for Best Film . The film also won the Snow Leopard Best Actor Award for Wu Kang -ren . The Snow Leopard for Best Actress went to Diamond Bou Abboud for the social dramedy "Arze" ( Lebanon ), directed by Mira Shaib . The Snow Leopard Special Jury Prize went to family drama " In the Arms of the Tree" ( Iran ) directed by Babak Khajeh Pasha . The Snow Leopard Panavision Award for Best Cinematography , along with a $45,000 Panavision Camera Package Grant, was awarded to cinematographer Zhanrbek Yeleubek for Kazakhstan's coming of age drama " Bauryna Salu, " and accepted by the film's director Askhat Kuchinchirekov and producer Dias Feld. The Snow Leopard Audience Award went to " The Glassworker " ( Pakistan ), directed by Usman Riaz . Writer, director and producer Sergei Bodrov ("Mongol," "Prisoner of the Mountains") received the AWFF Lifetime Achievement Award . The award was presented by Kazakhstan actress Ayanat Ksenbai ("About Mannequin"). Hong Kong filmmaker Peter Ho-Sun Chan ("Warlords," "Comrades: Almost a Love Story ") was presented with the Outstanding Cinematic Achievement Award by producer Andre Morgan ("The Cannonball Run," "The Warlords"). The Rising Star Award went to Filipino actress Kathryn Bernardo ("The Hows of Us," "Hello, Love, Goodbye") presented by actress Kieu Chinh ("The Joy Luck Club," "Hamburger Hill"). Executive Director Georges N. Chamchoum said, "There is always a beginning and end to everything—except at the Asian World Film Festival. This 10 th Anniversary year was filled with inspiring milestones, discovery, joy, and thrills! The myriads of movies we screened, the special country spotlights and the dedicated filmmaker panels, have brought the richness of our heritage to the forefront. Asia is a wellspring of incredibly talented filmmakers, offering valuable lessons, especially in this age of technology. The AWFF continues to showcase exceptional movies filled with heart, soul, and captivating storytelling. Onward to November 2025!" The Bruce Lee Award , in partnership with the Bruce Lee Foundation, was presented to martial artist and actor Mark Dacascos ("Brotherhood of the Wolf," " John Wick : Chapter 3 – Parabellum") by Lee's daughter Shannon Lee , CEO of the Bruce Lee Foundation. The Asian Vision Best Film Award was given to "Night Courier" ( Saudi Arabia ), directed by Ali Kalthami. The Short Film Jury composed of filmmakers and industry professionals from the U.S. and abroad, was headed by Jury President, Head of HDR Content Workflow, Barco) Joachim Zell . The Best Short Film , with a prize of a $15,000 Panavision Camera Package grant, went to " Lullaby" (UK/ Vietnam ) directed by Chi Thai . The award was presented by producer Zhu Xufang and accepted by actress Mai Thu Huyen ("A Fragile Flower," "Kieu"). A Special Mention was given to " Mar Mama " (Palestine), directed by Majdi El Omari . The complete awards list is as follows: SNOW LEOPARD COMPETITION AWARDEES Best Picture : " Abang Adik " ( Malaysia ) directed by Jin Ong Best Actor: Wu Kang -ren in " Abang Adik " ( Malaysia ) Best Actress: Diamond Bou Abboud in "Arze" ( Lebanon ) Panavision Best Cinematography: Zhanrbek Yeleubek for "Bauryna Salu" ( Kazakhstan ) Special Jury Prize: " In the Arms of the Tree" ( Iran ) directed by Babak Khajeh Pasha Audience Award: " The Glassworker" ( Pakistan ) directed by Usman Riaz SNOW LEOPARD HONORARY AWARDS Lifetime Achievement Award – Sergei Bodrov Outstanding Cinematic Achievement – Peter Ho-Sun Chan Rising Star Award – Kathryn Bernardo ASIAN VISION BEST FILM AWARD: "Night Courier" ( Saudi Arabia ) directed by Ali Kalthami AWFF BRUCE LEE AWARD (in partnership with the Bruce Lee Foundation) Mark Dacascos SHORT FILM FINALISTS Best Short Film: " Lullaby" (UK/ Vietnam ) directed by Chi Thai Special Mention: " Mar Mama " (Palestine) directed by Majdi El Omari The AWFF series of Snow Leopard Awards is bestowed in partnership with The Snow Leopard Trust to raise awareness for the endangered snow leopard and their Asian ecosystem. AWFF SPONSORS The Asian World Film Festival is proudly sponsored by Aitysh Film, Pechanga Casino Resort, Panavision, Bruce Lee Foundation, Korean Cultural Center ( Los Angeles ), Korean Film Council (KOFIC), Taiwan Academy ( Los Angeles ), Hollywood Arab Film Association ( Los Angeles ), Vietnam Cinema Association ( Hanoi, Vietnam ), Hong Kong Economic & Trade Office, Kyrgyz Film, Ministry of Culture & Tourism Republic of Turkiye, Directorate General of Cinema (Turkiye), Republic of Turkiye Los Angeles Consulate General, Beirut Film Association ( Lebanon ), Meihodo ( Japan ), MoRedii, Culver City Arts Foundation, CAPE ( Los Angeles ), AARP ( California ), Blackmagic Design, Emporium Thai ( Los Angeles ), NAMOO ( Marina Del Rey ), Jackson Market & Deli (Culver City, Shin Beijing ( Los Angeles ), H.C. Foods and Asahi Beer , among many others. ABOUT THE ASIAN WORLD FILM FESTIVAL (AWFF) Celebrating its 10th anniversary in 2024, the Asian World Film Festival (AWFF) was founded by Kyrgyz public figure Sadyk Sher-Niyaz to bring the best of Asian cinema to Los Angeles and to strengthen ties between the Asian and Hollywood film industries. The festival screens feature films from more than 50 countries, spanning from Japan to Turkey and Russia to India and Southeast Asia . As of 2024, AWFF is the only Los Angeles -based festival that showcases most Asian submissions Academy Award ® and Golden Globe ® for Best International Feature Film and Best Motion Picture - Non-English Language respectively. AWFF is a non-profit organization under Aitysh USA . Follow AWFF on: Website: https://www.asianworldfilmfest.org/ X (formally Twitter): https://twitter.com/asianworldff Facebook: https://www.facebook.com/AsianWorldFilmFest Instagram: https://www.instagram.com/asianworldff/ YouTube: https://www.youtube.com/@asianworldfilmfestival3974 Media Contact: Rick Markovitz 818-421-3334 [email protected] SOURCE Asian World Film Festival
Shares of Trump Media and Technology Group slid in midday trading on Friday (December 20, 2024) after President-elect Donald Trump transferred all of his shares into a revocable trust, according to a regulatory filing. Mr. Trump transferred all of his nearly 115 million shares — worth around $4 billion on paper — in the parent company of social networking site Truth Social as a “bona fide gift” to the Donald J. Trump Revocable Trust, the Securities and Exchange Commission filing on Thursday said. Trump's shares amount to more than half of the company's stock. It's not clear why Trump transferred the stock. Donald Trump Jr. is the sole trustee and has sole voting and investment power over all securities owned by the trust. Trump Media shares were down about 2% at midday, to $34.68 each. At one point on Friday, they were down around 6%. Trump Media shares have been extremely volatile since the company began trading in March. They reached intraday highs close to $80 on the first day of trading, then slumped to all-time lows in September when Mr. Trump and other insiders were finally allowed to sell shares after standard lock-up agreements expired. Mr. Trump has not sold any shares in the company. The company's stock price has fluctuated wildly on news — good and bad — related to Mr. Trump. They tumbled after Mr. Trump's conviction in a hush money trial in May, then surged after the first assassination attempt on Mr. Trump in July. They surged again after he won re-election in November, even as the company reported a $19.2 million third-quarter loss. Mr. Trump created Trump Media after he was banned from Twitter and Facebook following the Jan. 6, 2021, Capitol riot. Published - December 21, 2024 03:49 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit USA
Highlights from Trump's interview with Time magazine
