Market Signal Briefing

Zcash (ZEC) has continued to outperform the wider crypto market. The top-tier privacy-centric altcoin rallied over 16% in the past 24 hours to trade at about $574 on Friday, November 14, during the late North American session.

Meanwhile, Bitcoin (BTC) led the wider altcoin industry in selloff, thus the total crypto market cap dropped 2.3% during the past 24 hours to hover around $3.22 trillion at press time. ZEC price rallied against all odds as crypto traders depicted extreme fear of further capitulation.

Why is the Zcash Price Outperforming the Wider Crypto Market?High demand for privacy-centric tokens by whale investors The demand for ZEC by institutional investors has significantly surged in the recent past. Earlier this week, a16z noted that the growing need for privacy will bolster the overall demand for the related altcoins.

Source: X

Cypherpunk announced that it has acquired a total of 203,775 ZEC, valued at about 50 million. Meanwhile, the Grayscale Zcash Trust has grown to a total of $200 million in assets under management.

Rising demand for privacy-centric coins amid the criminalization of privacy rights The impressive performance of ZEC is largely influenced by the rising demand for privacy-centric crypto projects amid the notable criminalization of privacy rights globally. 

For instance, the new European Union’s Anti-Money Laundering (AML) rules say people within this region can only transact up to €10,000 in cash payments. Additionally, the European Union expects crypto projects to verify identities for transactions greater than €1,000, in addition to banning privacy accounts and coins.

What’s Next for ZEC?After outperforming almost all other mid-capped altcoins in the past few months, the ZEC price is well-positioned to continue in the same trend ahead. The large-cap altcoin, with a fully diluted valuation of about $12.1 billion, recorded a 32% surge in its daily volume to hover around $2.09 billion at press time.

From a technical analysis standpoint, the ZEC price is well-positioned to rally exponentially to reach $1000 soon. However, ZEC price must consistently close above $690 in the coming days to invalidate potential retrace towards $223 soon.

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Prominent financial commentator and long-time gold advocate Peter Schiff is back in the spotlight after Bitcoin’s latest price crash, using the moment to reiterate his long-held skepticism about the leading cryptocurrency. Schiff, who has spent years warning investors about Bitcoin’s volatility, has been quick to highlight that the digital asset struggled to maintain the highly anticipated $100,000 level—something he had predicted. As Bitcoin faltered, gold surged back above $4,100 following its own temporary correction, giving Schiff fresh ammunition for his critiques.

In a recent social media post, Schiff confidently declared, “My Bitcoin track record has really improved in recent years. Pay attention, HODLers!” His comments come at a time when market sentiment for Bitcoin has wavered, and gold’s momentum has strengthened. According to recent performance metrics, gold has outpaced Bitcoin by more than 50% this year, reinforcing Schiff’s long-standing claim that precious metals offer more reliable long-term security than cryptocurrencies.

Schiff’s latest jab also follows broader market concerns, including recent instability surrounding Circle’s USDC issuer, CRCL, which has seen its value drop significantly since its IPO—fueling narratives from critics who believe the “crypto trade is over.”

However, while Schiff celebrates his latest accurate call, it's equally important to remember his history of notoriously incorrect predictions about Bitcoin. As reported previously, he issued one of his earliest bearish forecasts in 2011, when Bitcoin traded at just $31. Investors who followed his advice at that time missed out on historic gains, as Bitcoin went on to dominate the previous decade and became one of the best-performing assets in modern financial history.

Despite Schiff’s renewed confidence, Bitcoin supporters argue that short-term volatility does not negate long-term potential. Still, with gold's strong rebound and Bitcoin’s recent setbacks, Schiff’s commentary has once again ignited debate among investors navigating the ever-evolving relationship between traditional safe-haven assets and digital currencies.

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Traders on the prediction platform Polymarket saw massive gains this morning after a rumor circulated claiming that Michael Saylor’s company, Strategy (formerly MicroStrategy), had begun selling its bitcoin (BTC). The market reaction was swift: a contract that started the day at just 3% odds of Strategy selling any BTC before January 1, 2026 briefly spiked to 45% as traders rushed to place bets during Nasdaq’s pre-market hours.

At the same time, shares of MSTR plunged to an early low near $193 before rebounding above $200 once the U.S. market opened at 9:30am in New York. The entire frenzy stemmed from a misinterpreted screenshot from blockchain analytics platform Arkham Intelligence. Arkham had simply displayed BTC transfers in red text — a harmless design choice — but anxious observers took this as a signal that Strategy was offloading bitcoin. Many also assumed that the presence of coins on an exchange automatically meant they were being liquidated.

Saylor moved quickly to dispel the rumor, confirming that Strategy had not sold any BTC. The transfers were routine movements to an exchange wallet rather than indicators of sell-side activity. His clarification helped calm markets, and Polymarket odds quickly dropped back toward their original levels, now sitting near 4%.

The scare came at a sensitive time for crypto markets, which have lost roughly $1 trillion in value over the past five weeks. Bitcoin itself is flat on the year, slipping from its $126,000 high back toward $97,000. Strategy has performed even worse, down 29% year-to-date, and its market cap has fallen below the value of its BTC reserves. For over two years, MSTR stock has lagged behind bitcoin’s own performance.

Tracking the company’s BTC movements remains challenging, as Saylor continues to decline requests for wallet transparency or proof-of-reserves attestations. Still, after posting an AI image encouraging holders to “HODL,” he reaffirmed that no bitcoin had been sold.

Polymarket’s volatility highlights how thinly traded prediction markets — this one seeing just $1 million in volume — can be swayed by rumors. And while their “odds” often attract attention, they rarely reflect true probabilities, especially in an industry long criticized for loose regulation and susceptibility to manipulation.

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On-chain data has revealed an interesting trend among XRP investors amid certain crucial updates regarding the leading altcoin, particularly the XRP Spot Exchange-Traded Funds (ETFs). With the market shifting towards a bearish state, the current behavior of investors could play a pivotal role in shaping the token’s next trajectory.

Before Vs. After The XRP Spot ETFs Update
XRP’s market dynamic has entered a decisive new chapter, as holders make key moves in the market. A recent report from CryptoQuant, a leading on-chain data analytics platform, has broken down the actions of investors before and after the announcement of XRP Spot ETFs, revealing a notable trend.

In the quick-take post, Woominkyu, a market expert and author, highlighted that whale investors acted prior to the spot ETFs announcement, but retail investors only arrived after the crucial update. This trend ended up changing the asset’s market setup. 

Once the ETF confirmation was released, sentiment transformed almost immediately. Before the news about XRP Spot ETFs broke, on-chain data unveiled that futures data demonstrated a clear rise in whale-sized orders. Such a steady acquisition indicates early strategic positioning by high-net-worth players while the price of the token was still compressed and moving sideways. 

Source: Chart from CryptoQuant on X
However, the most important development is the retail investors’ orders, which were being observed following the spot ETFs news. The stark difference between pre-announcement caution and post-announcement confidence highlights how revolutionary this milestone will be for XRP and its ecosystem.

Woominkyu stated that this pattern, whales first, retail last, is typical and frequently indicates a change in the state of the cryptocurrency market. As sentiment begins to mix with earlier informed movements, the market typically becomes more erratic and unpredictable after retail investors arrive late. 

Meanwhile, news regarding the spot ETFs bolstered this transition by attracting traders who were not available during the buildup. This does not imply that the move is finished, but it does indicate that the market has arrived at a stage where retail and whale behavior collide. A trend of this kind makes it difficult for traders to read the next market direction.

Several Spot ETFs Set For Launch
As anticipation builds in the sector, Ripple Bull Winkle, a researcher and host of The Crypto Blitz Show, has outlined a potential timeframe for several XRP spot ETFs to go live. Ripple Bull Winkle declared that 7 of the funds are officially set to launch in just 12 days, marking one of the most significant countdowns in the altcoin’s history.

According to the expert, these funds will trade on Nasdaq, CBOE, and NYSE at the same time when they secure approval from the US SEC. Following years of waiting, XRP is about to enter the global ETF market, allowing direct institutional access to the altcoin.

“Institutions aren’t gambling, they’re positioning before the next leg,” the expert stated. Thus, the expert believes that the token’s move is already being orchestrated underneath the surface.

XRP trading at $2.31 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Peakpx, chart from Tradingview.com

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Tether is signaling a major strategic shift as it moves far beyond its core stablecoin business and deepens its push into advanced technologies. The company is reportedly in talks to make a significant investment in Neura, a European cognitive-robotics firm, at a valuation between €8 billion and €10 billion. While the final structure of the deal hasn’t been confirmed, the scale of negotiations highlights how aggressively Tether is positioning itself in the AI and robotics sectors.

Over the past year, Tether has made a series of moves that point to a broader transformation. The firm secured access to a 20,000-GPU compute cluster to fuel its internal AI research and development environment—an unusually large investment for a stablecoin issuer. It has also explored deeper involvement with Neura’s advanced robotics platform, which includes humanoid robots aimed at industrial and commercial applications. These systems rely on cognitive-AI capabilities that align with Tether’s growing interest in real-world automation.

Tether’s expansion isn’t limited to technology research. The company has strengthened its footprint in global finance through its “Hadron by Tether” initiative, forming partnerships with KraneShares and Bitfinex Securities to support the adoption of tokenized securities. It has also increased its presence in public-sector digital infrastructure by collaborating with Da Nang city in Vietnam to support the development of modern tech solutions.

These investments are being driven by Tether’s record financial strength. The company reported more than $135 billion in U.S. Treasury exposure and expects unprecedented profits this year, giving it exceptional liquidity for large private-market deals.

Still, analysts caution that scaling humanoid robot production presents technical and supply-chain challenges. Neura’s ambitious valuation depends heavily on its ability to manufacture systems at commercial volume.

Nevertheless, Tether’s long-term strategy is becoming unmistakable. The firm is evolving from a stablecoin-focused entity into a diversified technology investor, betting that AI, robotics, and digital-governance innovations will define its next era of growth.

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On November 14, 2025, Michael Saylor, the executive chairman and co-founder of Strategy, a leading firm known for its extensive bitcoin holdings, categorically dismissed rumors suggesting that the company might be offloading its bitcoin assets. Speaking on CNBC's “Squawk Box,” Saylor emphasized that Strategy remains committed to increasing its bitcoin reserves, quelling any speculation to the contrary.

Network activity on the XRP Ledger is exploding and it's happening at the same time institutional interest hits new highs, making a bullish XRP price prediction hard to ignore.Daily active addresses (DAAs), a key on-chain metric, have surged 40% over the past few days.

Key takeaways:

Bitcoin softened as tech sector weakness spilled into crypto markets, reducing risk appetite and limiting demand for bullish leverage.

Persistent spot Bitcoin ETF outflows and targeted sales from a 2011 holder exacerbated downward pressure.

Bitcoin (BTC) is down 11% since Monday, falling to a six-month low of $94,590 on Friday. Bitcoin derivatives continue to signal weakness, even as several large tech names posted similar declines during the week. Traders are now asking whether the market has already found a floor and what must happen before confidence returns.

BTC futures aggregate open interest, USD. Source: CoinGlass / CointelegraphThe pullback erased $900 million in BTC leveraged long positions, equal to less than 2% of total open interest. Despite the size of that figure, the abrupt price move barely dented the broader market. For comparison, the cascading liquidations on Oct. 10, worsened by very thin liquidity, triggered a 22% drop in BTC futures open interest.

Concerns about upward inflation pressure resurfaced after US President Donald Trump announced his intention to cut tariffs to alleviate high food costs. Mohamed El-Erian, chief economic adviser at Allianz, told Yahoo Finance that recession risks have increased as the “lower ends of the income distribution for households” struggles with the “affordability crunch.” Contagion could spread through the broader economy, El-Erian warned.

BTC 2-month futures annualized fund rate. Source: laevitas.chThe BTC futures premium held near 4% on Friday, unchanged from the prior week. Although still below the 5% neutral line, the metric moved off the 3% lows seen earlier this month. Demand for bullish leverage remains muted, but that does not mean bears hold strong conviction. To gauge whether professional traders expect more downside, it helps to examine their long-to-short ratios.

Top traders BTC long-to-short ratio. Source: CoinGlass / CointelegraphWhales and market makers increased their long positions at Binance since Wednesday, buying the dip as Bitcoin slid below $100,000. In contrast, OKX whales cut their bullish exposure at a loss after the $98,000 support level failed on Friday. Even so, professional traders appear more optimistic now than they were on Tuesday.

AI-sector worries drive correction as traders derisk amid economic uncertaintyPart of the recent risk market correction was driven by worries in the artificial intelligence sector, which had been a major positive force for stocks. Legendary investor Michael Burry questioned whether lengthening depreciation schedules for computing equipment has artificially boosted earnings momentum. Amazon was the only major tech company that recently shortened its depreciation calendar.

The two-day $1.15 billion net outflows in Bitcoin spot exchange-traded funds (ETFs) in the US weighed on sentiment, even though the amount represents less than 1% of their assets under management. On top of that, selling pressure from a single 2011 Bitcoin holder added to fear and uncertainty. Analysts noted that the event was isolated and does not reflect a broader trend.

Bitcoin 30-day options delta skew at Deribit (put-call). Source: laevitas.chThe BTC options delta skew stood at 10% on Friday, nearly unchanged from the prior week. Although above the neutral 6% mark, the market’s options-based fear gauge is still far below the 16% peak from last month. Given that Bitcoin has dropped 24% from the all-time high, one could argue that the options market has shown resilience.

Multiple companies valued at $20 billion or more have posted losses of 15% or greater since Nov. 5, including CoreWeave (CRWV), Ubiquiti (UI), Nebius Group (NBIS), Symbiotic (SYM) and Super Micro Computer (SMCI). The odds suggest traders will continue to derisk and favor cash until there is more clarity on the economic outlook. As a result, Bitcoin’s price may remain under pressure.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Original U.Today article

Sat, 15/11/2025 - 0:01

Instead of a gradual recovery, we are witnessing a period of continuous downslide, which, unfortunately, might turn into something even more ugly.

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The market got shaken up, with more than $1.3 billion worth of derivatives liquidated on the market, which can turn the correction we saw previously into a prolonged downtrend that will end all hopes for a recovery.

Dogecoin can fight backEven though overall market sentiment is still uncertain, Dogecoin has been subtly building a structure that might pave the way for an unexpected comeback. For weeks, the meme coin has been under intense pressure, falling into oversold territory and trading below all major moving averages. However, DOGE has refused to malfunction, as many had anticipated, in spite of the technical flaw. Rather, it is building a base around the $0.16-$0.17 region, which served as support during several midcycle consolidations in the past.

DOGE/USDT Chart by TradingViewThis type of behavior is frequently disregarded. Sellers lose momentum when an asset stabilizes instead of collapsing. That pattern is consistent with DOGE’s recent price action. Immediate wicks and higher-than-average absorption have followed each decline into the lower range, indicating that spot buyers and long-term holders are stealthily intervening.

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DOGE is more likely to move toward the $0.18-$0.19 band if it can hold the $0.16 region and continue its current consolidation without breaking down. 

This would be consistent with the falling moving averages' underside retest, particularly the 50-day and 100-day MAs, which are currently sitting just above as dynamic resistance.

Ethereum's diveEthereum has reached a crucial stage in its market structure, and the $3,000 support zone is already, clearly, the next big battleground. ETH has now reached oversold conditions on the daily RSI after weeks of consistent decline — something that has not happened since earlier this year. In the past, when Ethereum reached this stage of momentum exhaustion, the market usually responded with either a significant breakdown or a decisive rebound. There is no longer much space for slow drift.

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It is clear from the chart why this level is important. The 50-day, 100-day and, most crucially, 200-day moving averages were all clearly below ETH. Losing the 200-day is never insignificant. It denotes the transition from a healthy correction to the initial phase of a possible trend break. The true test, however, is currently at $3,000, where Ethereum previously consolidated prior to its July breakout. The market is keeping a close eye on it because it is both a technical and psychological level. 

However, the alternative is equally obvious. The next liquidity pocket is located closer to $2,800-$2,750 if Ethereum is unable to maintain the $3,000 area, particularly during periods of high volume. The market would be forced into a complete retracement of the late-summer rally if it fell into that zone, which would indicate a deeper reset and probably shake out weak longs.

Bitcoin falls backThe market has been defending the psychological line of $100,000 for months, but Bitcoin has finally fallen below it after the surge of liquidation imbalance on the market. The implications are already changing sentiment throughout the whole cryptocurrency scene. The breakdown was not unexpected. Since the $126,000 peak, Bitcoin has been in a distinctly declining structure, consistently failing to recover its major moving averages.

However, losing $100,000 is not the same. It signifies a change from a controlled correction to a more comprehensive reevaluation of the potential nature of the upcoming macro phase. Traders rush to unwind leveraged positions, and volatility spikes and volume jumps are the typical immediate reactions. The RSI has fallen into the high 30s, indicating a stressed but not technically oversold market.

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However, it is not a meltdown. The move is being driven by the spot market rather than cascading liquidations. This is a crucial distinction because it allows for a more hygienic recovery after the panic passes.

In terms of structure, Bitcoin is currently situated close to a support cluster that extends from $96,000 to $92,000. Similar zones have historically served as launching pads for midcycle corrections in Bitcoin, so there is no reason to rule out a recovery from this point on. Even though the short-term ascending structure that was established earlier in November has been broken, a recovery attempt is still legitimate.

In the upcoming sessions, Bitcoin may retest the 200-day moving average at $105,000 if buyers hold onto the $94,000-$96,000 range and spot demand keeps absorbing sells. The psychological aura of six-figure Bitcoin has vanished, at least for the time being, but the larger market reality cannot be avoided.

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Bitfarms' CEO Ben Gagnon announced that the company was focused on abandoning the bitcoin mining business and converting its sites to support artificial intelligence workloads in the following two years. The company's facility in Washington will be spearheading this change.

Quantum Computing Inc. (QUBT - Free Report) came out with a quarterly loss of $0.05 per share in line with the Zacks Consensus Estimate. This compares to a loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.

A quarter ago, it was expected that this company would post a loss of $0.06 per share when it actually produced a loss of $0.06, delivering no surprise.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

Quantum Computing Inc., which belongs to the Zacks Internet - Software industry, posted revenues of $0.38 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 284.00%. This compares to year-ago revenues of $0.1 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Quantum Computing Inc. shares have lost about 39.4% since the beginning of the year versus the S&P 500's gain of 14.6%.

What's Next for Quantum Computing Inc.?While Quantum Computing Inc. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Quantum Computing Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.05 on $0.2 million in revenues for the coming quarter and -$0.25 on $0.4 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Asana, Inc. (ASAN - Free Report) , another stock in the same industry, has yet to report results for the quarter ended October 2025. The results are expected to be released on December 2.

This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of +400%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Asana, Inc.'s revenues are expected to be $198.34 million, up 7.9% from the year-ago quarter.

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 17, 2025 to file lead plaintiff applications in a securities class action lawsuit against Cytokinetics, Incorporated (NasdaqGS: CYTK), if they purchased or otherwise acquired the Company's securities between December 27, 2023 and May 6, 2025, inclusive (the “Class Period”). This action is pendi.

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Air Industries (AIRI - Free Report) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to a loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +95.45%. A quarter ago, it was expected that this maker of parts for the aerospace industry and defense contractors would post a loss of $0.15 per share when it actually produced a loss of $0.11, delivering a surprise of +26.67%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Air Industries, which belongs to the Zacks Aerospace - Defense industry, posted revenues of $10.31 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.09%. This compares to year-ago revenues of $12.56 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Air Industries shares have lost about 26.8% since the beginning of the year versus the S&P 500's gain of 14.6%.

What's Next for Air Industries?While Air Industries has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Air Industries was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.02 on $13.5 million in revenues for the coming quarter and -$0.61 on $48.29 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Woodward (WWD - Free Report) , another stock in the broader Zacks Aerospace sector, has yet to report results for the quarter ended September 2025. The results are expected to be released on November 24.

This maker of cockpit controls and other equipment for the defense and aerospace markets is expected to post quarterly earnings of $1.83 per share in its upcoming report, which represents a year-over-year change of +29.8%. The consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level.

Woodward's revenues are expected to be $935.8 million, up 9.5% from the year-ago quarter.

FGI Industries Ltd. (FGI - Free Report) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of a loss of $0.43 per share. This compares to a loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +130.23%. A quarter ago, it was expected that this company would post a loss of $0.3 per share when it actually produced a loss of $0.6, delivering a surprise of -100%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

FGI Industries, which belongs to the Zacks Retail - Home Furnishings industry, posted revenues of $35.85 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.42%. This compares to year-ago revenues of $36.1 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

FGI Industries shares have added about 29.6% since the beginning of the year versus the S&P 500's gain of 14.6%.

What's Next for FGI Industries?While FGI Industries has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for FGI Industries was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.74 on $35.2 million in revenues for the coming quarter and -$2.14 on $135.1 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Home Furnishings is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Lovesac (LOVE - Free Report) , is yet to report results for the quarter ended October 2025.

This company is expected to post quarterly loss of $0.70 per share in its upcoming report, which represents a year-over-year change of -118.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Lovesac's revenues are expected to be $153.81 million, up 2.6% from the year-ago quarter.

Swedish defense firm Saab said on Friday it has signed a contract worth 3.1 billion euros ($3.62 billion) with the Colombian government to deliver 17 Gripen fighter jets between 2026 and 2032.

, /PRNewswire/ -- Conrad Industries, Inc. (OTCID: CNRD) announced today its third quarter and nine months ended September 30, 2025 financial results and backlog at September 30, 2025.

For the quarter ended September 30, 2025, Conrad had net income of $5.5 million and earnings per diluted share of $1.09 compared to net income of $7.5 million and earnings per diluted share of $1.49 during the third quarter of 2024. The Company had net income of $15.2 million and earnings per diluted share of $3.02 for the nine months ended September 30, 2025 compared to net income of $11.2 million and earnings per diluted share of $2.24 for the nine months ended September 30, 2024. Net income recognized in the third quarter and first nine months of 2024 included collection of an $8.04 million judgment in a lawsuit, which increased Other Income by $8.04 million and net income by approximately $5.8 million. The Company's financial reports are available at www.otcmarkets.com.

During the first nine months of 2025, Conrad signed $123.4 million in contracts in its new construction segment compared to $218.4 million added to backlog during the first nine months of 2024. Conrad's backlog was $196.0 million at September 30, 2025, $293.8 million at December 31, 2024 and $282.2 million at September 30, 2024. Since September 30, 2025, the Company has signed an additional $46.8 million in contracts.

Conrad Industries, Inc., established in 1948 and headquartered in Morgan City, Louisiana, designs, builds and overhauls a wide variety of steel marine vessels, including barges, dredges and dredge support equipment, tugboats, ferries, drydocks, liftboats, offshore supply vessels and other steel products for both commercial and government customers. The Company provides conversion, repair and new construction services at its five shipyards located in southern Louisiana and Texas.

For Information Contact:
Scott Thomas (985) 702-0195
[email protected] 

SOURCE Conrad Industries, Inc.

Q3: 2025-11-13 Earnings SummaryEPS of -$0.23 misses by $0.11

 |

Revenue of

$47.03M

(-27.10% Y/Y)

misses by $5.89M

Fluent, Inc. (FLNT) Q3 2025 Earnings Call November 13, 2025 4:30 PM EST

Company Participants

Donald Patrick - Chief Executive Officer
Ryan Perfit - CFO and Principal Financial & Accounting Officer

Conference Call Participants

Matthew Weber - Canaccord Genuity Corp., Research Division
Patrick Sholl - Barrington Research Associates, Inc., Research Division
William Dezellem - Tieton Capital Management, LLC

Presentation

Operator

Good afternoon, and welcome. Thank you for joining us to discuss Fluent's Third Quarter 2025 Earnings Results. With me today are Fluent's Chief Executive Officer, Don Patrick; Chief Financial Officer, Ryan Perfit, and Chief Strategy Officer, Ryan Schulke. Our call today will begin with comments from Don Patrick and Ryan Perfit, followed by a question-and-answer session. I would like to remind you that this call is being webcast live and recorded. A replay of the event will also be made available following the call on Fluent's website.

To access the webcast, please visit the Investor Relations page at www.fluentco.com. Before we begin, I would like to advise listeners that certain information discussed by management during this conference call will contain forward-looking statements covered under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements made during this call only speak as of the date hereof. Actual results could differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with the company's business. These statements may be identified by words such as expects, plans, projects, could, will, estimates and other words of similar meaning. The company undertakes no obligation to update the information provided on this call.

For a discussion of the risks and uncertainties associated with Fluent's business, we encourage you to review the company's filings with the Securities and Exchange Commission, including the company's most recent annual report on

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Q3: 2025-11-14 Earnings SummaryEPS of -$0.07 misses by $0.07

 |

Revenue of

$30.50M

(34.31% Y/Y)

beats by $185.20K

Bit Digital, Inc. (BTBT) Q3 2025 Earnings Call November 14, 2025 9:00 AM EST

Company Participants

William Schnier - Head of Investor Relations
Samir Tabar - Chief Executive Officer
Erke Huang - CFO, Secretary & Director

Conference Call Participants

George Sutton - Craig-Hallum Capital Group LLC, Research Division
Brian Dobson - Clear Street LLC
Kevin Dede - H.C. Wainwright & Co, LLC, Research Division
Henry Hearle
Mike Grondahl - Northland Capital Markets, Research Division
Patrick McCann - NOBLE Capital Markets, Inc., Research Division

Presentation

Operator

Hello, and welcome to the Bit Digital Third Quarter 2025 Earnings Conference Call. Good morning, good afternoon and good evening, depending on where you are joining us from. We'll begin shortly. [Operator Instructions]. As a reminder, today's call is being recorded. I'll now turn the call over to your host, Cameron Schnier, Head of Investor Relations at Bit Digital. Please go ahead.

William Schnier
Head of Investor Relations

Thank you, and welcome to the Bit Digital Third Quarter 2025 Earnings Call. Joining me on the call today are Sam Tabar, our Chief Executive Officer; and Erke Huang, our Chief Financial Officer.

Before we begin, I'd like to remind everyone that certain statements made during today's call may be considered forward-looking. These statements involve risks and uncertainties that could cause actual results to differ materially from those projected. For a discussion of those risks, please refer to our filings with the SEC, including our Form 10-Q filed today.

Our remarks today may also include non-GAAP financial measures. Reconciliations of those measures to the most directly comparable GAAP figures can be found in our Form 10-Q, which is available on our website. After our prepared remarks, we'll open the call for Q&A. With that, I'll hand the phone over to Sam to discuss our performance. Sam?

Samir Tabar
Chief Executive Officer

Thank

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SAN DIEGO, Nov. 14, 2025 (GLOBE NEWSWIRE) --

Company: Fiserv, Inc. (NYSE: FI) is a Milwaukee, Wisconsin-based global payments and financial technology provider.

What is the class period? July 23, 2025 and October 29, 2025

What is the case about? Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Fiserv, Inc. during the class period because the Company allegedly misled investors regarding its 2025 financial growth.

For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.

What are the allegations? According to the complaint, in July 2025, Fiserv revised its 2025 guidance, including lowering its organic revenue growth guidance based on a review, termed a “re-underwrit[ing],” of the Company’s new initiatives and products. The Company told investors that although certain of those initiatives and projects were delayed, they were fundamentally sound.

However, the complaint alleges that Fiserv’s representations to the market in July 2025 were false and misleading. On October 29, 2025, Fiserv announced disappointing third quarter 2025 financial results and admitted that the Company’s 2025 guidance disclosed in July 2025 was based on “assumptions . . . which would have been objectively difficult to achieve even with the right investment and strong execution.” In addition, Fiserv disclosed that it had during the third quarter conducted a full review of its new initiatives and products—conceding that the prior “re-underwrit[ing]” was incomplete—and “made the decision to deprioritize the short-term revenue and expense initiatives.” On this news, the price of Fiserv’s common stock plummeted $55.57 per share, or 44%, from a closing price of $126.17 per share on October 28, 2025 to a closing price of $70.60 on October 29, 2025.

What can you do now? You may be eligible to participate in the class action against Fiserv, Inc. Shareholders who wish to serve as lead plaintiff for the class must submit their papers to the court by January 5, 2026. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.

To be notified if a class action against Fiserv, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

November 14, 2025 6:36 PM EST | Source: Bri-Chem Corp.
Edmonton, Alberta--(Newsfile Corp. - November 14, 2025) - Bri-Chem Corp. (TSX: BRY) ("Bri-Chem" or "Company"), a leading North American oilfield chemical distribution and blending company, is pleased to announce its 2025 third quarter financial results.

Three months endedNine months ended

September 30

Change

September 30

Change
(in '000s except per share amounts)
2025

2024

$

%

2025

2024

$

%
Financial performance

Sales$18,194
$21,975
$(3,781)

(17%)
$58,637
$ 62,452
$ (3,815)

(6%)
Adjusted EBITDA(1)
836

588

248

42%

2,346

851

1,495

176%
As a % of revenue
5%

3%

4%

1%

Operating earnings
576

234

342

146%

1,324

710

614

87%
Adjusted net (loss) / earnings (1)
16

(549)

565

(103%)

(542)

(2,900)

2,358

(81%)
Net earnings / (loss)$160
$(269)
$429

(159%)
$(95)
$(2,263)
$2,168

(96%)
Per diluted share

Adjusted EBITDA (1)$0.03
$0.02
$0.01

50%
$0.09
$0.03
$0.06

200%
Adjusted net earnings / (loss) (1)$-
$(0.02)$0.02

(93%)
$(0.02)$(0.11)$0.09

(82%)
Net earnings / (loss)$0.01
$(0.01)$0.02

(134%)
$(0.00)$(0.09)$0.09

(100%)
Financial position
 

 

 

 

 

 

 

 
Total assets
 

 

 

 
$48,855
$57,101
$(8,246)
(14%)
Working capital
 

 

 

 

10,790

13,740

(2,950)
(21%)
Long-term debt
 

 

 

 

6,331

6,564

(233)
(4%)
Shareholders equity
 

 

 

 
$19,547
$21,248
$(1,701)
(8%)
(1) Non-GAAP financial measure. Refer to "Non-GAAP Financial Measures" in this press release.

Key Q3 2025 highlights include:

Consolidated sales for the three months ended September 30, 2025 were $18.2 million, representing a 17% decrease from the prior year. The decrease is primarily due to decreased sales in the fluids distribution division in tandem with lower rig counts in North America.Consolidated gross margin for the three months ended September 30, 2025 decreased by $180 thousand compared to the same period last year. The gross margin dollar decrease is primarily related to the decreased realized margin percentage Canada for blending & packaging division. Adjusted EBITDA for the third quarter 2025 increased by $247 thousand when compared to the same period in the prior year and operating earnings increased by $342 thousand for the three months ended September 30, 2025 compared to the prior year due to a decrease in bad debt expense.Adjusted net earnings per diluted share for the three months ended September 30, 2025 was nil per share compared to adjusted net loss of $0.02 per diluted share for same period last year. Working capital, as at September 30, 2025, was $10.8 million compared to $13.7 million on September 30, 2024, a decrease of 21%. The decrease in working capital relates to a significant decrease in accounts receivables and inventory which was offset by decreased bank indebtedness.Summary for the three months ended September 30, 2025:

Consolidated sales for the three months ended September 30, 2025 were $18.2 million compared to $22 million for the same period in 2024, representing a $3.8 million decrease over the comparable period. Revenue was impacted by lower fluid distribution sales, arising from the sale of a customer to a competitor and the subsequent discontinuation of services to the new group.

Bri-Chem's Canadian drilling fluids distribution division generated sales of $2.3 million for the three months ended September 30, 2025, which was lower than the comparable prior period by 41%. The number of Canadian active operating land rigs in Q3 2025 averaged 176, compared to 206 in the same period last year representing a decrease of approximately 15% (Source: Baker Hughes). Bri-Chem's United States drilling fluids distribution division generated sales of $9.5 million for the three months ended September 30, 2025, compared to sales of $11.7 million for the comparable period in 2024, representing a quarterly decrease of 19%. The active number of US operating land rigs in Q3 2025 averaged 525, compared to a 2024 Q3 average of 565 representing a decrease of approximately 7% (Source: Baker Hughes).

Bri-Chem's Canadian blending and packaging division generated sales of $3.7 million for the three months ended September 30, 2025, compared to Q3 2024 sales of $4.6 million, representing a quarterly decrease of 19%. The decrease in sales relates to 3rd party contract work realized in 2024 that was diminished or discontinued in the current period. US blending and packaging sales for the three months ended September 30, 2025 were $2.7 million compared to $1.8 million in the prior year. The 49% increase is due to an increase in cementing activities in the California region.

Operating earnings for the three months ended September 30, 2025 was $576 thousand which is an increase from earnings of $234 thousand in the same period in the prior year. Adjusted EBITDA was $836 thousand for Q3 2025 compared to $588 thousand for Q3 2024. The increase is primarily driven by a lower expense realized across operating expenses as Management continues to streamline operations and reduce overhead. Adjusted EBITDA as a percentage of sales was 5% for the quarter, which is an increase from 3% in Q3 2024.

OUTLOOK

Bri-Chem anticipates a measured but improving operating environment as the North American energy sector adjusts to ongoing commodity price volatility, evolving political and regulatory pressures, and a cautious yet gradually recovering capital spending cycle. According to the latest Baker Hughes forecasts, total rig activity in both Canada and the United States is expected to remain relatively stable through the remainder of 2025, with modest growth emerging in early 2026 as producers begin to increase drilling and completion programs in response to improved price stability and demand fundamentals.

In Canada, drilling activity is projected to follow historical seasonal trends, with winter drilling providing a moderate uplift in fluids demand through early 2026. However, overall volumes are expected to remain below pre-pandemic averages due to restrained capital budgets and project deferrals in certain basins. By mid-2026, a return to more normalized activity levels is anticipated as operators gain confidence in forward pricing and regulatory clarity improves.

In the United States, rig counts are expected to stabilize and gradually strengthen over the next year, led by consistent investment in the Permian Basin and incremental growth in other key regions such as the Rockies and Mid-Continent. These trends are expected to support steady demand for Bri-Chem's drilling fluid distribution business and create opportunities for incremental market share gains in select basins.

Against this backdrop, Bri-Chem will continue to prioritize liquidity preservation, disciplined working capital management, and cost efficiency to sustain margin performance in a competitive pricing environment. The Company's proactive financial management and strong banking relationships will remain central to its ability to navigate market fluctuations and pursue growth selectively where returns justify investment.

Following Bri-Chem's Annual General Meeting in September 2025, the Company welcomed a new Board of Directors with a renewed mandate to drive operational performance, strengthen governance, and enhance long-term shareholder value. Collectively, the new Board brings over 100 years of combined experience in the chemical industry, offering deep sector knowledge and valuable insights that will help guide Bri-Chem's strategic direction and operational focus in the years ahead.

In conjunction with this leadership transition, Bri-Chem will undertake a comprehensive strategic review of all business units. This initiative is designed to evaluate performance, profitability, and long-term alignment with the Company's core objectives. The outcomes of this review are expected to shape future organizational priorities, improve capital allocation, and position Bri-Chem as a leaner, more profitable, and strategically focused entity heading into 2026 and beyond.

Management remains committed to operating with agility and discipline as it monitors commodity price trends, customer spending behaviors, and regulatory developments across North America. With a renewed strategic focus, strengthened leadership, and a stabilizing market outlook, Bri-Chem is well positioned to capture value as industry conditions gradually improve over the coming year.

About Bri-Chem

Bri-Chem has established itself, through a combination of strategic acquisitions and organic growth, as the North American industry leader for wholesale distribution and blending of oilfield drilling, completion, stimulation and production chemical fluids. We sell, blend, package and distribute a full range of drilling fluid products from 23 strategically located warehouses throughout Canada and the United States. Additional information about Bri-Chem is available at www.sedarplus.ca or at Bri-Chem's website at www.brichem.com.

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information or forward-looking statements (collectively, "forward-looking statements"). These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking statements and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.

Although the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. By their nature, such forward-looking statements are subject to various risks and uncertainties, which could cause actual results to differ materially from the anticipated results or expectations expressed herein. These risks and uncertainties, include, but are not limited to general economic conditions, prevailing and anticipated industry conditions, access to debt and equity financing on acceptable terms, levels and volatility of commodity prices, maintained demand for drilling fluids, market forces, ability to achieve geographic expansion through new warehouse locations, anticipated impact of new warehouse locations, ability to obtain equipment from suppliers, ability to maintain negotiating power with suppliers and customers, ability to obtain and retain skilled personnel, competition from other industry participants and regulatory conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release or otherwise. Except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

Non-GAAP Financial Measures

Bri-Chem uses certain measures in this press release which do not have any standardized meaning as prescribed by International Financial Reporting Standards ("IFRS"). These measures, which are derived from information reported in the Company's financial statements, may not be comparable to similar measures presented by other reporting issuers. Investors are cautioned that these measures should not be construed as an alternative to net earnings and operating earnings determined in accordance with IFRS, and these measures should not be considered to be more meaningful than IFRS measures in evaluating the Company's performance. These measures have been described and presented in this press release in order to provide shareholders and potential investors with additional information regarding the Company. These Non-IFRS measures are identified and defined as follows:

Adjusted Net Earnings (Loss), Adjusted Net Earnings (Loss) per share, Adjusted EBITDA, and Adjusted EBITDA per share.

Adjusted Net Earnings (Loss) are defined as net earnings/(loss) before non-recurring events, net of corporate income taxes ("Adjusted Net Earnings"). Adjusted Net Earnings (Loss) per share is defined as Adjusted Net Earnings (Loss) divided by diluted weighted average common shares. Management believes that in addition to net earnings, Adjusted Net Earnings (Loss) and Adjusted Net Earnings (Loss) per share are useful supplemental measures that represent normalized net earnings (loss) from the business so that financial statement users can make insightful comparisons between current periods and historical results.

Adjusted EBITDA is defined as earnings before interest, taxes, depreciation, amortization, impairment charges, share-based payments, and non-recurring events ("Adjusted EBITDA"). Adjusted EBITDA per share is defined as Adjusted EBITDA divided by diluted weighted average common shares. Management believes that in addition to net earnings, Adjusted EBITDA and Adjusted EBITDA per share are useful supplemental measures of operating performance that normalize financing, depreciation, income tax, and other non-recurring charges which are not controlled at the operating level. The following table provides a reconciliation of Net Earnings under IFRS, as disclosed in the interim financial statements, to Adjusted Net Earnings and Adjusted EBITDA:

Three months ended

 Nine months ended

September 30

 

September 30
(in 000's)
2025

2024

 2025

2024
Net earnings (loss)$160
$(269)
$(95)$(2,263)Less:
 

 

  

 
Deferred tax (recovery)
(144)
(280)
 (447)
(637)Adjusted net earnings (loss)
16

(549)
 (542)
(2,900)Add:
 

 

  

 
Financing costs
570

788

 1,952

2,670
Income tax expense
(27)
41

 38

116
Depreciation and amortization
276

308

 898

965
Adjusted EBITDA$836
$588

$2,346
$851
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274670

November 14, 2025 6:38 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 14, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of RCI Hospitality Holdings, Inc. (NASDAQ: RICK) between December 15, 2021 and September 16, 2025, both dates inclusive (the "Class Period"), of the important November 20, 2025 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased RCI Hospitality securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the RCI Hospitality class action, go to https://rosenlegal.com/submit-form/?case_id=44953 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 20, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) defendants engaged in tax fraud; (2) defendants committed bribery to cover up the fact that they committed tax fraud; (3) as a result, defendants understated the legal risk facing RCI Hospitality; and (4) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the RCI Hospitality class action, go to https://rosenlegal.com/submit-form/?case_id=44953 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274661

ClearSign Technologies (CLIR - Free Report) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to a loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +25.00%. A quarter ago, it was expected that this combustion systems technology company would post a loss of $0.04 per share when it actually produced a loss of $0.03, delivering a surprise of +25%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

ClearSign, which belongs to the Zacks Industrial Services industry, posted revenues of $1.03 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 28.04%. This compares to year-ago revenues of $1.86 million. The company has not been able to beat consensus revenue estimates over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

ClearSign shares have lost about 39.9% since the beginning of the year versus the S&P 500's gain of 14.6%.

What's Next for ClearSign?While ClearSign has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for ClearSign was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.03 on $2.02 million in revenues for the coming quarter and -$0.14 on $3.99 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Industrial Services is currently in the bottom 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the broader Zacks Industrial Products sector, Powell Industries (POWL - Free Report) , has yet to report results for the quarter ended September 2025. The results are expected to be released on November 18.

This energy equipment company is expected to post quarterly earnings of $3.76 per share in its upcoming report, which represents a year-over-year change of -0.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Powell Industries' revenues are expected to be $292.85 million, up 6.5% from the year-ago quarter.

November 14, 2025 17:25 ET

 | Source:

Dundee Corporation

TORONTO, Nov. 14, 2025 (GLOBE NEWSWIRE) -- “This quarter, we delivered strong net earnings that reflected the first full quarter of royalty revenue from the Borborema Gold Project and substantial investment gains across our mining portfolio.”, said Jonathan Goodman, President and Chief Executive Officer of Dundee Corporation. “With recurring cash flow now beginning to support our core cost base, we are in a stronger position to redeploy capital toward growth – reinforcing our ability to deliver sustained shareholder value.”

“The announced acquisition of Maritime Resources by New Found Gold marks another pivotal validation of our long-term investment strategy.” Mr. Goodman continued. “We recognized the intrinsic value of Maritime early and supported the company through market cycles. The transaction highlights our ability to identify exceptional assets ahead of the broader market – and positions us to participate in the upside of a synergistic combined platform. We continue to support our core holdings where disciplined capital and technical insight remain central to unlocking value in the underlying assets.”

Mr. Goodman concluded: “We ended the quarter with a strong cash position, no debt at the parent level, and a growing royalty revenue stream that will strengthen our financial position going forward. We are proud of the disciplined execution that has positioned us for this next phase of growth and remain focused on seizing new opportunities to bring future cash flow into Dundee and building lasting value for our shareholders. None of this progress would be possible without the dedication, focus and sharp execution of our team – they continue to be the driving force behind everything we achieve.”

THIRD QUARTER AND FIRST NINE MONTHS OF 2025 RESULTS

During the third quarter of 2025, the mining investment segment recognized royalty revenue of $0.7 million from the Borborema Gold Project (“Borborema”). Aura Minerals Inc. (“Aura”) announced that commercial production on Borborema had been achieved on September 22, 2025, with ramp-up activities expected to continue through the remainder of 2025. In the third quarter and during the first nine months of 2025, Aura sold 9,373 and 10,563 gold equivalent gold ounces, respectively, from Borborema. Reported net income from all portfolio investments for the third quarter of 2025 of $84.0 million (2024 – $10.1 million). The key drivers of the current quarter’s positive performance include the $25.7 million and $16.8 million fair value gains on investments in Saturn Metals Limited (“Saturn Metals”) and Ausgold Limited (“Ausgold”), respectively. For the nine months ended September 30, 2025, the Corporation reported net income from portfolio investments of $129.6 million (2024 – $68.0 million). Consistent with the quarterly performance, the key drivers of the current year’s performance include the $36.5 million and $24.5 million fair value gains on investments in Saturn Metals and Ausgold, respectively. In addition, the Corporation sold its remaining stake in G Mining Ventures Corp. for $45.3 million cash proceeds and recognized a $14.2 million gain in the current year.  
On November 13, 2025, New Found Gold Corp. (“New Found Gold”) announced the completion of the transaction to acquire all of the issued and outstanding shares of Maritime Resources Corp. (“Maritime”), and Maritime shareholders received 0.75 of a share of New Found Gold for each existing Maritime share held. The Corporation will cease to account for its investment in Maritime using the equity method in the fourth quarter and transition to accounting for its newly received shares of New Found Gold as part of its mining portfolio investments measured at fair value. As at September 30, 2025, the fair value of the Corporation’s ownership of Maritime shares was $117.5 million, based on a publicly observable quoted market price. On November 12, 2025, Maritime announced the first gold pour from its Hammerdown Gold Project, a significant milestone marking the project’s successful transition from development activities into initial production.Reported share of income from equity accounted investments of $9.0 million for the third quarter of 2025 (2024 – $1.4 million). The $9.0 million share of income included a $5.9 million dilution gain recognized from the Corporation’s ownership in Magna Mining Inc. having been reduced from 21% at the end of June 2025 to 18% at the end of the third quarter. For the nine months ended September 30, 2025, the Corporation recognized income from equity accounted investments of $17.6 million (2024 – loss of $0.5 million).In October 2025, the Corporation participated in a AUD$45.0 million private placement announced by Saturn Metals, with Dundee purchasing 8.3 million shares in exchange for AUD$4.8 million. Saturn Metals indicates that it will use the proceeds from this private placement to advance their Apollo Hill Gold Project through pre-feasibility and publication of a maiden ore reserve in 2025, followed by a definitive feasibility study targeted for the second half of 2026, as well as to fund regional exploration activities. Reported consolidated general and administrative expenses for the third quarter of 2025 of $4.0 million (2024 – $4.3 million). Excluding share-based compensation of $0.9 million (2024 – $0.8 million), consolidated general and administrative expenses declined 7.6% year-over-year. For the nine months ended September 30, 2025, the Corporation reported consolidated general and administrative expenses of $12.8 million (2024 – $12.5 million).Reported net earnings attributable to owners of the Corporation for the third quarter of 2025 of $90.6 million (2024 – $7.3 million), or earnings per share on a diluted basis of $0.92 (2024 – $0.07). For the nine months ended September 30, 2025, the Corporation reported net earnings attributable to owners of the Corporation of $135.0 million (2024 – $67.3 million), or earnings per share on a diluted basis of $1.38 (2024 – $0.69).
SEGMENTED FINANCIAL RESULTS  

Mining Investments

In the third quarter of 2025, the Corporation reported net earnings before taxes from the mining investments segment of $91.4 million (2024 – $10.4 million). Performance from the mining portfolio investments generated income of $81.8 million (2024 – $9.0 million). The share of income from equity accounted mining investments during the third quarter of 2025 was $9.0 million (2024 – $0.7 million). Drivers of performance are described in the highlights above. During the same period, the Corporation reported net income from its royalty interest in the Borborema Gold Project of $430,000, which included $668,000 of royalty revenue.

During the first nine months of 2025, the Corporation reported net earnings before taxes from the mining investments segment of $148.4 million (2024 – $65.8 million). Performance from the mining portfolio investments generated income of $130.1 million (2024 – $65.1 million). The share of income from equity accounted mining investments during the first nine months of 2025 was $17.5 million (2024 – loss of $0.1 million).

Corporate and others

The Corporation reported net earnings before taxes from the corporate and others segment, including non-core subsidiaries, of $0.4 million (2024 – loss of $2.0 million) during the three months ended September 30, 2025. The fair value of non-mining portfolio investments in the corporate and others segment increased by $2.2 million (2024 – $1.2 million) during the third quarter of the current year and was driven almost exclusively by the investment revaluation of Dundee’s ownership in TauRx Pharmaceuticals Ltd. During the same period, the segment’s non-mining equity accounted investments reported pre-tax loss of $10,000 (2024 – earnings of $0.7 million).

During the first nine months of 2025, the Corporation reported a pre-tax loss from the corporate and others segment of $10.6 million (2024 – earnings of $6.0 million). The fair value of non-mining portfolio investments in the segment decreased by $0.6 million (2024 – increased by $2.8 million). During the same period, the segment’s non-mining equity accounted investments reported pre-tax earnings of $0.1 million (2024 – loss of $0.4 million).

Mining Services

During the third quarter of 2025, the mining services segment, comprised of the Corporation’s 78%-owned subsidiary, Dundee Sustainable Technologies Inc. (“Dundee Technologies”), reported a pre-tax loss of $0.1 million (2024 – $0.8 million). During the first nine months of 2025, this segment reported a pre-tax loss of $2.4 million (2024 – $3.4 million).

As at September 30, 2025, Dundee Technologies borrowed an aggregate of $6.1 million pursuant to several borrowing arrangements, of which a $5.7 million convertible debenture entered into with Investissement Québec (“IQ”) matured on May 15, 2025, as scheduled under its contractual terms. Subsequent to quarter-end, Dundee Technologies received the executed and signed debt settlement agreement from IQ. Pursuant to the agreement, the Corporation, as the guarantor, paid $1.1 million to settle the outstanding $5.7 million convertible debenture issued by IQ.

SHAREHOLDERS’ EQUITY ON A PER SHARE BASIS

        Carrying value as at  September 30, 2025    December 31, 2024   Mining Investments       Portfolio investments $              193,925  $                95,490  Equity accounted investments                    60,368                    30,013  Royalty                    18,653                    18,921                   272,946                  144,424  Corporate and Others       Corporate                   48,365                    32,976  Portfolio investments ‒ other                   69,473                    70,495  Equity accounted investments ‒ other                           -                    30,240  Real estate joint ventures                    2,219                     2,364  Subsidiaries                   (1,134)                    3,403  Equity accounted investment ‒ Held-for-Sale                   30,340                            -                   149,263                  139,478  Mining Services       Subsidiaries                      (548)                       (208)                       (548)                       (208)  SHAREHOLDERS' EQUITY ATTRIBUTABLE TO CLASS A SUBORDINATE SHARES       AND CLASS B SHARES OF THE CORPORATION $              421,661  $              283,694         Number of shares of the Corporation issued and outstanding:        Class A Subordinate Shares            86,867,071             86,269,735   Class B Shares              3,114,491               3,114,491  Total number of shares issued and outstanding            89,981,562             89,384,226         SHAREHOLDERS' EQUITY ON A PER SHARE BASIS  $                   4.69  $                   3.17         The Corporation’s unaudited interim consolidated financial statements as at and for the three and nine months ended September 30, 2025 and 2024, along with the accompanying management’s discussion and analysis, have been filed on the System for Electronic Document Analysis and Retrieval (“SEDAR”) and may be viewed by interested parties under the Corporation’s profile at www.sedarplus.ca or the Corporation’s website at www.dundeecorporation.com.

ABOUT DUNDEE CORPORATION:

Dundee Corporation is a public Canadian independent mining-focused holding company, listed on the Toronto Stock Exchange under the symbol “DC.A”. The Corporation is primarily engaged in acquiring mineral resource assets. The Corporation operates with the objective of unlocking value through strategic investments in mining projects globally. Our team conducts due diligence in order to assess the geological, technical, environmental, and financial merits and risks of each project and looks to deploy capital where it can either seek to generate investment returns or where the Corporation can collaborate with operating partners and take strategic partnerships through direct interests in mining operations.

FORWARD-LOOKING STATEMENTS:

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Dundee Corporation’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dundee Corporation’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the Annual Information Form of Dundee Corporation and subsequent filings made with securities commissions in Canada. Dundee Corporation does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

FOR FURTHER INFORMATION PLEASE CONTACT:

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