Blog

  • Google Parent Alphabet Leads 17 Hot Newcomers Onto Best Stock Lists

    O homem mais rico do mundo pode se tornar o primeiro trilionário do planeta se cumprir algumas metas ambiciosas para a Tesla.

    By: INVESTOR’S BUSINESS DAILY – Source

  • Moscow’s mineral gambit: Putin orders ministers to draft long-term strategy for rare-earth metals

    Moscow’s mineral gambit: Putin orders ministers to draft long-term strategy for rare-earth metals

    (NaturalNews) Putin orders a long-term strategy for mining and processing rare-earth metals, aiming to capitalize on Russia’s reserves (estimated between 3.8M�…

    By: Ramon Tomey – Source

  • Para que te concentres, Musk: ¿Qué metas debe cumplir el CEO de Tesla para recibir 1 billón de dólares?

    Los accionistas de Tesla aprobaron este jueves un paquete de compensación de mil millones de dólares para el director ejecutivo Elon Musk, el mayor pago jamás concedido a un líder empresarial.Esta medida sin precedentes se anunció durante la reunión anual del fabricante de vehículos eléctricos, culminando una campaña de varias semanas por parte de la junta directiva, el director ejecutivo y destacados inversores minoristas para conseguir apoyo.El acuerdo salarial allana el camino para que Musk, la persona más rica del mundo, se convierta en el primer billonario de la historia y amplíe su participación en Tesla hasta el 25 por ciento o más durante la próxima década. ¿Qué objetivos debe cumplir Musk para embolsarse 1 billón de dólares?Pero para conseguir el pago íntegro, Musk tendrá que cumplir los objetivos de ampliar significativamente el valor de mercado de Tesla, reactivar su decaído negocio automovilístico y poner en marcha los incipientes proyectos de IA y robotaxis.La propuesta aprobada establece compensar a Musk por cada uno de los 12 objetivos establecidos y que, en conjunto, implicará la entrega de opciones sobre acciones valoradas en estos momentos en un billón de dólares.De alcanzar todos los objetivos, Musk pasaría a tener más del 25 por ciento del accionariado de la compañía, lo que le daría la capacidad de controlarla.Tesla Annual meeting starting now https://t.co/j1KHf3k6ch— Elon Musk (@elonmusk) November 6, 2025La votación sobre la remuneración se mostró crucial para Tesla, después de que Musk sugiriera que podría disminuir o dedicar más tiempo a sus otras empresas si no conseguía un mayor control sobre el fabricante de automóviles. Ahora es probable que siga al frente de Tesla, que persigue una ambiciosa agenda basada en los vehículos sin conductor y la inteligencia artificial.Las acciones de Tesla habían subido un 14 por ciento este año hasta el cierre del miércoles, muy por detrás del avance del 16 por ciento del índice S&P 500.Musk celebra acompañado de su robot humanoide ‘Optimus’ Tras la aprobación de la histórica compensación, Musk apareció sobre el escenario instalado en la sede de Tesla en Austin, Texas, entre los gritos de “¡Elon!, ¡Elon!” de los asistentes, y acompañado de un robot humanoide Optimus que bailaba al ritmo de la música.Musk, tras agradecer al consejo de administración la aprobación de su compensación, dijo que Tesla iniciará “no un nuevo capítulo sino un nuevo libro” con Optimus.El empresario adelantó que será el “mayor producto de la historia”, sobrepasando a los teléfonos móviles y anunció que se establecerá una línea de montaje en la planta de automóviles de Fremont, en California, para fabricar un millón de Optimus al año, y otra en Austin con capacidad para 10 millones de unidades.Aunque Optimus todavía está en fase de desarrollo y no tiene ninguna aplicación real, Musk dijo que prevé que habrá miles de millones de unidades en el futuro que serán capaces de erradicar la pobreza del mundo.El empresario también afirmó que Tesla es la única empresa preparada para lograr estos objetivos.“Tesla ya es el mayor fabricante de robots del mundo porque cada vehículo es un robot”, dijo para añadir que “Optimus es un robot con brazos y piernas en vez de un robot con ruedas”. Con información de Bloomberg y EFE.

    By: Agencias – Source

  • A-Mark Precious Metals Reports Fiscal First Quarter 2026 Results and Announces Definitive Agreement to Acquire Monex Precious Metals, a Leading DTC Brand

    A-Mark Precious Metals Reports Fiscal First Quarter 2026 Results and Announces Definitive Agreement to Acquire Monex Precious Metals, a Leading DTC Brand

    EL SEGUNDO, Calif., Nov. 06, 2025 (GLOBE NEWSWIRE) — A-Mark Precious Metals, Inc. (NASDAQ:AMRK), a leading fully integrated precious metals platform, reported results for the fiscal first quarter ended September 30, 2025. The Company also announced a definitive agreement to acquire all of the outstanding equity of Monex Deposit Company and certain related entities (Monex), one of the largest and most established direct-to-consumer (DTC) precious metals dealers in the U.S.
    Monex Acquisition
    Monex is a leading precious metals dealer providing investors with access to gold, silver, platinum, and palladium through competitive pricing, reliable execution, and trusted service. Since its founding in 1987, Monex has facilitated billions of dollars in transactions and built a full-service platform offering bullion and coin products along with secure vault storage.  Monex generated Total Revenue of $835 million during the year ended December 31, 2024, and held $630 million in assets under custody as of September 30, 2025.
    The acquisition strengthens A-Mark’s DTC presence by leveraging Monex’s well-established brand, reputation, and loyal customer base. A-Mark also expects to realize operational synergies that will enhance and streamline both organizations. Upon closing, Michael Carabini, CEO and President of Monex, will continue leading the company and report directly to A-Mark CEO Greg Roberts.
    « After working with Monex for decades, we are thrilled to welcome them under the A-Mark umbrella, » said Roberts. « Michael and his team have built a strong business that has performed well even through periods of subdued demand. Their broad customer base and established storage business will be valuable assets as we move forward together. »
    Michael Carabini, CEO and President of Monex, added: « Monex Founder, Louis Carabini, and I have known A-Mark for over 50 years. By joining forces with the industry’s leading fully integrated enterprise, we can offer our customers a broader suite of products and value-added services that are otherwise not possible. Having spent decades in this industry and worked closely with Greg and the A-Mark team, I am confident this partnership positions us for long-term success. We are excited about this next chapter and believe our businesses will be even stronger as one, with our many long term and new customers as the beneficiaries. »
    Transaction Details
    The purchase price to be paid by the Company for the Monex acquisition is $33 million, consisting of $19 million in cash and $14 million in A-Mark common stock valued at $25.00 per share in accordance with the terms of the definitive agreement. There is a holdback of 29% of the common stock to satisfy potential indemnification claims. The definitive agreement also provides for an additional deferred purchase price of up to $20 million based on the achievement of specified levels of cumulative pre-tax income. The transaction is expected to close within 60 days, subject to the satisfaction of customary closing conditions, including a minimum level of tangible net worth.
    Transaction Advisors
    D.A. Davidson & Co. acted as financial advisor and Frye & Hsieh LLP acted as legal counsel to A-Mark.
    Thomas J. Borchard of Brown White and Osborn, LLP acted as legal advisor to Monex.
    Fiscal First Quarter 2026 Financial Management Commentary
    « Our first quarter performance demonstrates the resiliency of our fully integrated platform and the early benefits of our recent acquisitions, » commented Roberts. « While July and August were marked by subdued demand and historically tight premium spreads, conditions improved meaningfully after Labor Day. This shift, together with expanded contributions from LPM in Asia, and from our Direct-to-Consumer segment, including summer auction sales at our recently acquired Stack’s Bowers Galleries, enabled us to deliver $72.9 million in gross profit in the quarter. Since quarter-end, demand for precious metals has strengthened, premiums have expanded, and we have taken advantage of these conditions to optimize our inventory as gold and silver prices move higher.
    « Continued investments in automation at our fulfillment facility, AMGL, are paying dividends as we continue our integration initiatives. We have successfully consolidated Pinehurst’s operations into AMGL, we continue to right-size AMS, and we expect additional savings as we centralize operations and achieve further economies of scale. We believe the traction we’ve seen throughout our business is a strong indicator of what is to come. We are prepared and well-positioned to succeed in all markets with our fully integrated platform. »

     
     
    Three Months Ended September 30,
     

     
     
    2025
     
    2024
     

     
     
    (in thousands, except Earnings (Loss) per Share)
     
     

     
     
     
     
     
     
     
     

    Selected Key Financial Statement Metrics:
     
     
     
     
     
     
     

    Revenues
     
    $
    3,680,766
     
     
    $
    2,715,096
     
     

    Gross profit
     
    $
    72,897
     
     
    $
    43,443
     
     

    Depreciation and amortization expense
     
    $
    (7,583
    )
     
    $
    (4,709
    )
     

    Net (loss) income attributable to the Company
     
    $
    (939
    )
     
    $
    8,984
     
     

     
     
     
     
     
     
     
     

    Earnings (Loss) per Share
     
     
     
     
     
     
     

    Basic
     
    $
    (0.04
    )
     
    $
    0.39
     
     

    Diluted
     
    $
    (0.04
    )
     
    $
    0.37
     
     

     
     
     
     
     
     
     
     

    Non-GAAP Measures(1):
     
     
     
     
     
     
     

    Adjusted net income before provision for income taxes
     
    $
    4,872
     
     
    $
    14,784
     
     

    EBITDA
     
    $
    14,301
     
     
    $
    17,782
     
     

     
     
     
     
     
     
     
     

    (1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below and on pages 19-20
     
     

     
     
     

     
     
     

     
     
     
     
     

    A reconciliation of net (loss) income before provision for income taxes to adjusted net income before provision for income taxes for the three months ended September 30, 2025 and 2024 follows (in thousands)

     
     
     

     
     
     
     
     
     
     
     

     
     
    Three Months Ended September 30,
     

     
     
    2025
     
    2024
     

     
     
     
     
     
     
     
     

    Net (loss) income before provision for income taxes
     
    $
    (311
    )
     
    $
    10,173
     
     

    Adjustments:
     
     
     
     
     
     
     

    Contingent consideration fair value adjustment
     
     
    (2,461
    )
     
     
    (150
    )
     

    Acquisition costs
     
     
    61
     
     
     
    52
     
     

    Amortization of acquired intangibles
     
     
    5,202
     
     
     
    3,864
     
     

    Depreciation expense
     
     
    2,381
     
     
     
    845
     
     

    Adjusted net income before provision for income taxes (non-GAAP)
     
    $
    4,872
     
     
    $
    14,784
     
     

     
     
     
     
     
     
     
     

     
     
     
     
     
     
     
     

     
     
    Three Months Ended
     

     
     
    September 30, 2025
     
    June 30, 2025
     

     
     
    (in thousands, except Earnings (Loss) per Share)
     
     

     
     
     
     
     
     
     
     

    Selected Key Financial Statement Metrics:
     
     
     
     
     
     
     

    Revenues
     
    $
    3,680,766
     
     
    $
    2,512,048
     
     

    Gross profit
     
    $
    72,897
     
     
    $
    81,689
     
     

    Depreciation and amortization expense
     
    $
    (7,583
    )
     
    $
    (8,576
    )
     

    Net (loss) income attributable to the Company
     
    $
    (939
    )
     
    $
    10,324
     
     

     
     
     
     
     
     
     
     

    Earnings (Loss) per Share
     
     
     
     
     
     
     

    Basic
     
    $
    (0.04
    )
     
    $
    0.42
     
     

    Diluted
     
    $
    (0.04
    )
     
    $
    0.41
     
     

     
     
     
     
     
     
     
     

    Non-GAAP Measures(1):
     
     
     
     
     
     
     

    Adjusted net income before provision for income taxes
     
    $
    4,872
     
     
    $
    19,163
     
     

    EBITDA
     
    $
    14,301
     
     
    $
    29,153
     
     

     
     
     
     
     
     
     
     

    (1)  See Reconciliation of U.S. GAAP to Non-GAAP Measures below and on pages 19-20

     
     
     
     
     
     
     
     

     
     
     
     
     
     
     
     

     
     
     
     
     
     
     
     

    A reconciliation of net (loss) income before provision for income taxes to adjusted net income before provision for income taxes for the three months ended September 30, 2025 and June 30, 2025 follows (in thousands):

     
     
     

     
     
     
     
     
     
     
     

     
     
    Three Months Ended
     

     
     
    September 30, 2025
     
    June 30, 2025
     

     
     
     
     
     
     
     
     

    Net (loss) income before provision for income taxes
     
    $
    (311
    )
     
    $
    13,020
     
     

    Adjustments:
     
     
     
     
     
     
     

    Remeasurement gain on pre-existing equity interests
     
     

     
     
     
    (1,900
    )
     

    Contingent consideration fair value adjustment
     
     
    (2,461
    )
     
     
    (10
    )
     

    Acquisition costs
     
     
    61
     
     
     
    (523
    )
     

    Amortization of acquired intangibles
     
     
    5,202
     
     
     
    6,658
     
     

    Depreciation expense
     
     
    2,381
     
     
     
    1,918
     
     

    Adjusted net income before provision for income taxes (non-GAAP)
     
    $
    4,872
     
     
    $
    19,163
     
     

     
     
     
     
     
     
     
     

     
     
     
     
     
     
     
     

    Fiscal First Quarter 2026 Financial Highlights 

    Revenues for the three months ended September 30, 2025 increased 36% to $3.68 billion from $2.72 billion for the three months ended September 30, 2024 and increased 47% from $2.51 billion for the three months ended June 30, 2025

    Gross profit for the three months ended September 30, 2025 increased 68% to $72.9 million from $43.4 million for the three months ended September 30, 2024 and decreased 11% from $81.7 million for the three months ended June 30, 2025

    Gross profit margin for the three months ended September 30, 2025 increased to 1.98% of revenue, from 1.60% of revenue for the three months ended September 30, 2024, and declined from 3.25% of revenue in the three months ended June 30, 2025

    Net income (loss) attributable to the Company for the three months ended September 30, 2025 decreased 110% to $(0.9) million from $9.0 million for the three months ended September 30, 2024, and decreased 109% from $10.3 million for the three months ended June 30, 2025

    Diluted (loss) earnings per share totaled $(0.04) for the three months ended September 30, 2025, a 111% decrease compared to $0.37 for the three months ended September 30, 2024, and decreased 110% from $0.41 for the three months ended June 30, 2025

    Adjusted net income before provision for income taxes, depreciation, amortization, acquisition costs, remeasurement gains or losses, and contingent consideration fair value adjustments (« Adjusted net income before provision for income taxes » or « Adjusted net income »), a non-GAAP financial performance measure, for the three months ended September 30, 2025 decreased 67% to $4.9 million from $14.8 million for the three months ended September 30, 2024, and decreased 75% from $19.2 million for the three months ended June 30, 2025
    Earnings before interest, taxes, depreciation and amortization (« EBITDA »), a non-GAAP liquidity measure, for the three months ended September 30, 2025 decreased 20% to $14.3 million from $17.8 million for the three months ended September 30, 2024, and decreased 51% from $29.2 million for the three months ended June 30, 2025

     
     
     
     
     

     
     
    Three Months Ended September 30,
     

     
     
    2025
     
    2024
     

    Selected Operating and Financial Metrics:
     
     
     
     
     
     
     

    Gold ounces sold(1)
     
     
    439,000
     
     
     
    398,000
     
     

    Silver ounces sold(2)
     
     
    10,391,000
     
     
     
    20,449,000
     
     

    Number of secured loans at period end(3)
     
     
    424
     
     
     
    562
     
     

    Secured loans receivable at period end
     
    $
    103,633,000
     
     
    $
    101,887,000
     
     

    Direct-to-Consumer (« DTC ») number of new customers(4)
     
     
    69,400
     
     
     
    55,300
     
     

    Direct-to-Consumer number of active customers(5)
     
     
    147,300
     
     
     
    129,900
     
     

    Direct-to-Consumer number of total customers(6)
     
     
    4,265,400
     
     
     
    3,122,100
     
     

    Direct-to-Consumer average order value (« AOV »)(7)
     
    $
    3,863
     
     
    $

    By: Globe Newswire – Source

  • Meta 揭露 WhatsApp 用戶名支援時間表

    Meta 揭露 WhatsApp 用戶名支援時間表

    EL SEGUNDO, Calif., Nov. 06, 2025 (GLOBE NEWSWIRE) — A-Mark Precious Metals, Inc. (NASDAQ:AMRK), a leading fully integrated precious metals platform, reported results for the fiscal first quarter ended September 30, 2025. The Company also announced a definitive agreement to acquire all of the outstanding equity of Monex Deposit Company and certain related entities (Monex), one of the largest and most established direct-to-consumer (DTC) precious metals dealers in the U.S.
    Monex Acquisition
    Monex is a leading precious metals dealer providing investors with access to gold, silver, platinum, and palladium through competitive pricing, reliable execution, and trusted service. Since its founding in 1987, Monex has facilitated billions of dollars in transactions and built a full-service platform offering bullion and coin products along with secure vault storage.  Monex generated Total Revenue of $835 million during the year ended December 31, 2024, and held $630 million in assets under custody as of September 30, 2025.
    The acquisition strengthens A-Mark’s DTC presence by leveraging Monex’s well-established brand, reputation, and loyal customer base. A-Mark also expects to realize operational synergies that will enhance and streamline both organizations. Upon closing, Michael Carabini, CEO and President of Monex, will continue leading the company and report directly to A-Mark CEO Greg Roberts.
    « After working with Monex for decades, we are thrilled to welcome them under the A-Mark umbrella, » said Roberts. « Michael and his team have built a strong business that has performed well even through periods of subdued demand. Their broad customer base and established storage business will be valuable assets as we move forward together. »
    Michael Carabini, CEO and President of Monex, added: « Monex Founder, Louis Carabini, and I have known A-Mark for over 50 years. By joining forces with the industry’s leading fully integrated enterprise, we can offer our customers a broader suite of products and value-added services that are otherwise not possible. Having spent decades in this industry and worked closely with Greg and the A-Mark team, I am confident this partnership positions us for long-term success. We are excited about this next chapter and believe our businesses will be even stronger as one, with our many long term and new customers as the beneficiaries. »
    Transaction Details
    The purchase price to be paid by the Company for the Monex acquisition is $33 million, consisting of $19 million in cash and $14 million in A-Mark common stock valued at $25.00 per share in accordance with the terms of the definitive agreement. There is a holdback of 29% of the common stock to satisfy potential indemnification claims. The definitive agreement also provides for an additional deferred purchase price of up to $20 million based on the achievement of specified levels of cumulative pre-tax income. The transaction is expected to close within 60 days, subject to the satisfaction of customary closing conditions, including a minimum level of tangible net worth.
    Transaction Advisors
    D.A. Davidson & Co. acted as financial advisor and Frye & Hsieh LLP acted as legal counsel to A-Mark.
    Thomas J. Borchard of Brown White and Osborn, LLP acted as legal advisor to Monex.
    Fiscal First Quarter 2026 Financial Management Commentary
    « Our first quarter performance demonstrates the resiliency of our fully integrated platform and the early benefits of our recent acquisitions, » commented Roberts. « While July and August were marked by subdued demand and historically tight premium spreads, conditions improved meaningfully after Labor Day. This shift, together with expanded contributions from LPM in Asia, and from our Direct-to-Consumer segment, including summer auction sales at our recently acquired Stack’s Bowers Galleries, enabled us to deliver $72.9 million in gross profit in the quarter. Since quarter-end, demand for precious metals has strengthened, premiums have expanded, and we have taken advantage of these conditions to optimize our inventory as gold and silver prices move higher.
    « Continued investments in automation at our fulfillment facility, AMGL, are paying dividends as we continue our integration initiatives. We have successfully consolidated Pinehurst’s operations into AMGL, we continue to right-size AMS, and we expect additional savings as we centralize operations and achieve further economies of scale. We believe the traction we’ve seen throughout our business is a strong indicator of what is to come. We are prepared and well-positioned to succeed in all markets with our fully integrated platform. »

     
     
    Three Months Ended September 30,
     

     
     
    2025
     
    2024
     

     
     
    (in thousands, except Earnings (Loss) per Share)
     
     

     
     
     
     
     
     
     
     

    Selected Key Financial Statement Metrics:
     
     
     
     
     
     
     

    Revenues
     
    $
    3,680,766
     
     
    $
    2,715,096
     
     

    Gross profit
     
    $
    72,897
     
     
    $
    43,443
     
     

    Depreciation and amortization expense
     
    $
    (7,583
    )
     
    $
    (4,709
    )
     

    Net (loss) income attributable to the Company
     
    $
    (939
    )
     
    $
    8,984
     
     

     
     
     
     
     
     
     
     

    Earnings (Loss) per Share
     
     
     
     
     
     
     

    Basic
     
    $
    (0.04
    )
     
    $
    0.39
     
     

    Diluted
     
    $
    (0.04
    )
     
    $
    0.37
     
     

     
     
     
     
     
     
     
     

    Non-GAAP Measures(1):
     
     
     
     
     
     
     

    Adjusted net income before provision for income taxes
     
    $
    4,872
     
     
    $
    14,784
     
     

    EBITDA
     
    $
    14,301
     
     
    $
    17,782
     
     

     
     
     
     
     
     
     
     

    (1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below and on pages 19-20
     
     

     
     
     

     
     
     

     
     
     
     
     

    A reconciliation of net (loss) income before provision for income taxes to adjusted net income before provision for income taxes for the three months ended September 30, 2025 and 2024 follows (in thousands)

     
     
     

     
     
     
     
     
     
     
     

     
     
    Three Months Ended September 30,
     

     
     
    2025
     
    2024
     

     
     
     
     
     
     
     
     

    Net (loss) income before provision for income taxes
     
    $
    (311
    )
     
    $
    10,173
     
     

    Adjustments:
     
     
     
     
     
     
     

    Contingent consideration fair value adjustment
     
     
    (2,461
    )
     
     
    (150
    )
     

    Acquisition costs
     
     
    61
     
     
     
    52
     
     

    Amortization of acquired intangibles
     
     
    5,202
     
     
     
    3,864
     
     

    Depreciation expense
     
     
    2,381
     
     
     
    845
     
     

    Adjusted net income before provision for income taxes (non-GAAP)
     
    $
    4,872
     
     
    $
    14,784
     
     

     
     
     
     
     
     
     
     

     
     
     
     
     
     
     
     

     
     
    Three Months Ended
     

     
     
    September 30, 2025
     
    June 30, 2025
     

     
     
    (in thousands, except Earnings (Loss) per Share)
     
     

     
     
     
     
     
     
     
     

    Selected Key Financial Statement Metrics:
     
     
     
     
     
     
     

    Revenues
     
    $
    3,680,766
     
     
    $
    2,512,048
     
     

    Gross profit
     
    $
    72,897
     
     
    $
    81,689
     
     

    Depreciation and amortization expense
     
    $
    (7,583
    )
     
    $
    (8,576
    )
     

    Net (loss) income attributable to the Company
     
    $
    (939
    )
     
    $
    10,324
     
     

     
     
     
     
     
     
     
     

    Earnings (Loss) per Share
     
     
     
     
     
     
     

    Basic
     
    $
    (0.04
    )
     
    $
    0.42
     
     

    Diluted
     
    $
    (0.04
    )
     
    $
    0.41
     
     

     
     
     
     
     
     
     
     

    Non-GAAP Measures(1):
     
     
     
     
     
     
     

    Adjusted net income before provision for income taxes
     
    $
    4,872
     
     
    $
    19,163
     
     

    EBITDA
     
    $
    14,301
     
     
    $
    29,153
     
     

     
     
     
     
     
     
     
     

    (1)  See Reconciliation of U.S. GAAP to Non-GAAP Measures below and on pages 19-20

     
     
     
     
     
     
     
     

     
     
     
     
     
     
     
     

     
     
     
     
     
     
     
     

    A reconciliation of net (loss) income before provision for income taxes to adjusted net income before provision for income taxes for the three months ended September 30, 2025 and June 30, 2025 follows (in thousands):

     
     
     

     
     
     
     
     
     
     
     

     
     
    Three Months Ended
     

     
     
    September 30, 2025
     
    June 30, 2025
     

     
     
     
     
     
     
     
     

    Net (loss) income before provision for income taxes
     
    $
    (311
    )
     
    $
    13,020
     
     

    Adjustments:
     
     
     
     
     
     
     

    Remeasurement gain on pre-existing equity interests
     
     

     
     
     
    (1,900
    )
     

    Contingent consideration fair value adjustment
     
     
    (2,461
    )
     
     
    (10
    )
     

    Acquisition costs
     
     
    61
     
     
     
    (523
    )
     

    Amortization of acquired intangibles
     
     
    5,202
     
     
     
    6,658
     
     

    Depreciation expense
     
     
    2,381
     
     
     
    1,918
     
     

    Adjusted net income before provision for income taxes (non-GAAP)
     
    $
    4,872
     
     
    $
    19,163
     
     

     
     
     
     
     
     
     
     

     
     
     
     
     
     
     
     

    Fiscal First Quarter 2026 Financial Highlights 

    Revenues for the three months ended September 30, 2025 increased 36% to $3.68 billion from $2.72 billion for the three months ended September 30, 2024 and increased 47% from $2.51 billion for the three months ended June 30, 2025

    Gross profit for the three months ended September 30, 2025 increased 68% to $72.9 million from $43.4 million for the three months ended September 30, 2024 and decreased 11% from $81.7 million for the three months ended June 30, 2025

    Gross profit margin for the three months ended September 30, 2025 increased to 1.98% of revenue, from 1.60% of revenue for the three months ended September 30, 2024, and declined from 3.25% of revenue in the three months ended June 30, 2025

    Net income (loss) attributable to the Company for the three months ended September 30, 2025 decreased 110% to $(0.9) million from $9.0 million for the three months ended September 30, 2024, and decreased 109% from $10.3 million for the three months ended June 30, 2025

    Diluted (loss) earnings per share totaled $(0.04) for the three months ended September 30, 2025, a 111% decrease compared to $0.37 for the three months ended September 30, 2024, and decreased 110% from $0.41 for the three months ended June 30, 2025

    Adjusted net income before provision for income taxes, depreciation, amortization, acquisition costs, remeasurement gains or losses, and contingent consideration fair value adjustments (« Adjusted net income before provision for income taxes » or « Adjusted net income »), a non-GAAP financial performance measure, for the three months ended September 30, 2025 decreased 67% to $4.9 million from $14.8 million for the three months ended September 30, 2024, and decreased 75% from $19.2 million for the three months ended June 30, 2025
    Earnings before interest, taxes, depreciation and amortization (« EBITDA »), a non-GAAP liquidity measure, for the three months ended September 30, 2025 decreased 20% to $14.3 million from $17.8 million for the three months ended September 30, 2024, and decreased 51% from $29.2 million for the three months ended June 30, 2025

     
     
     
     
     

     
     
    Three Months Ended September 30,
     

     
     
    2025
     
    2024
     

    Selected Operating and Financial Metrics:
     
     
     
     
     
     
     

    Gold ounces sold(1)
     
     
    439,000
     
     
     
    398,000
     
     

    Silver ounces sold(2)
     
     
    10,391,000
     
     
     
    20,449,000
     
     

    Number of secured loans at period end(3)
     
     
    424
     
     
     
    562
     
     

    Secured loans receivable at period end
     
    $
    103,633,000
     
     
    $
    101,887,000
     
     

    Direct-to-Consumer (« DTC ») number of new customers(4)
     
     
    69,400
     
     
     
    55,300
     
     

    Direct-to-Consumer number of active customers(5)
     
     
    147,300
     
     
     
    129,900
     
     

    Direct-to-Consumer number of total customers(6)
     
     
    4,265,400
     
     
     
    3,122,100
     
     

    Direct-to-Consumer average order value (« AOV »)(7)
     
    $
    3,863
     
     
    $

    By: Doris – Source

  • Meta launches Vibes, its short-form video feed of AI-generated videos, in Europe through the Meta AI app, following its US debut six weeks earlier (Aisha Malik/TechCrunch)

    Meta launches Vibes, its short-form video feed of AI-generated videos, in Europe through the Meta AI app, following its US debut six weeks earlier (Aisha Malik/TechCrunch)

    Aisha Malik / TechCrunch:
    Meta launches Vibes, its short-form video feed of AI-generated videos, in Europe through the Meta AI app, following its US debut six weeks earlier  —  Meta announced on Thursday that Vibes, its short-form video feed of AI-generated videos, is launching in Europe in the Meta AI app.

    By: – Source

  • Meta’s smart glasses have a new shortcut to call and text without saying ‘hey Meta’

    Meta’s smart glasses have a new shortcut to call and text without saying ‘hey Meta’

    Aisha Malik / TechCrunch:
    Meta launches Vibes, its short-form video feed of AI-generated videos, in Europe through the Meta AI app, following its US debut six weeks earlier  —  Meta announced on Thursday that Vibes, its short-form video feed of AI-generated videos, is launching in Europe in the Meta AI app.

    By: – Source

  • Michael teaser dances over any MJ controversy

    Michael teaser dances over any MJ controversy

    Aisha Malik / TechCrunch:
    Meta launches Vibes, its short-form video feed of AI-generated videos, in Europe through the Meta AI app, following its US debut six weeks earlier  —  Meta announced on Thursday that Vibes, its short-form video feed of AI-generated videos, is launching in Europe in the Meta AI app.

    By: Mary Kate Carr – Source

  • ‘Aprender es la meta’: Araiz Arriola, la maratonista que se ‘estrena’ en las competencias híbridas

    Microsoft announced a new MAI Superintelligence Lab pursuing « humanist superintelligence. »Stephen Brashear/Getty ImagesMicrosoft AI CEO Mustafa Suleyman announced the MAI Superintelligence Team on Thursday. »We reject narratives about a race to AGI, » Suleyman wrote, instead seeing it as a « deeply human endeavour. »Meta launched its own superintelligence lab earlier this year, led by Scale AI cofounder Alexandr Wang.Four months after Meta announced its superintelligence lab, Microsoft is starting its own team.Microsoft announced the MAI Superintelligence Team on Thursday, which will be led by Mustafa Suleyman, the CEO of Microsoft AI. Suleyman wrote in a blog post that the team aims to be the « world’s best place to research and build AI, bar none. » »I think about it as humanist superintelligence to clearly indicate this isn’t about some directionless technological goal, » Suleyman wrote. « We are doing this to solve real concrete problems and do it in such a way that it remains grounded and controllable. » »We are not building an ill-defined and ethereal superintelligence; we are building a practical technology explicitly designed only to serve humanity, » he added.Microsoft did not respond to a request for comment from Business Insider.Microsoft’s announcement comes just four months after the launch of Meta’s Superintelligence Lab, led by Scale AI founder Alexandr Wang. »As the pace of AI progress accelerates, developing superintelligence is coming into sight, » Meta CEO Mark Zuckerberg wrote in a memo at the lab’s launch. « I believe this will be the beginning of a new era for humanity, and I am fully committed to doing what it takes for Meta to lead the way. »In October, Meta laid off 600 employees from its superintelligence division.Microsoft also appears to be trying to set itself apart from other AI rivals by emphasizing what it says will be its careful approach to pursuing superintelligence. »In doing this we reject narratives about a race to AGI, and instead see it as part of a wider and deeply human endeavour to improve our lives and future prospects, » Suleyman wrote in his blog post. »We feel a deep responsibility to get this right. »Anthropic has taken a somewhat similar humanist approach, stating it wants to ensure « sophisticated AI systems remain beneficial to humanity. » As for superintelligence, CEO Dario Amodei said it could arrive as soon as 2026.OpenAI cofounder and former chief scientist Ilya Sutskever is also involved in the superintelligence game. In 2024, Sutskever started his own research lab, Safe Superintelligence Inc., after leaving OpenAI.Microsoft recently signed a new agreement with OpenAI, which it has invested billions in, that gives Microsoft a roughly 27% stake in OpenAI’s newly structured for-profit public benefit corporation.As the two AI shops have become increasingly competitive even while partnered, Suleyman described it like « siblings » with a good relationship who sometimes « squabble. »Do you work on a superintelligence team? Reach out to the reporter from a non-work device at hchandonnet@insider.com or at henrychand.30 on Signal.Read the original article on Business Insider

    By: Ilse Becerril – Source

  • The almighty bond market says the AI bubble won’t pop anytime soon

    Le groupe Meta vient de lancer Vibes en Europe. Disponible dans l’application Meta AI, cet outil permet de créer des vidéos et de regarder les créations des autres utilisateurs.

    By: Tomi Kilgore – Source