Analytik Mate Nemes z UBS přistoupil ke zvýšení cílové ceny pro akcie Komerční banky na 1300 Kč z původních 1280 Kč. Investiční doporučení bylo současně zachováno na stupni „buy“.
Akcie Komerční banky Akcie Komerční banky (BAAKOMB) dnes na pražské burze rostou o 0,05 % na 981,5 Kč, na RM-SYSTÉMu pak klesají o 0,20 % na 981 Kč.
Pražská burza na začátku obchodování posiluje, index PX přidává 0,40 %. Nejvýrazněji posilují akcie Photon Energy (+4,06 %), Erste Group (+1,51 %) a Primoco UAV (+1,05 %). Naopak největší pokles zaznamenávají cenné papíry CSG (-2,15 %), Kofola (-0,81 %) a ČEZ (-0,08 %). Dnes se koná valná hromada společnosti Bezvavlasy.
A banner for Rubrik Inc., the Microsoft backed cybersecurity software startup, is displayed to celebrate the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., April... Purchase Licensing Rights, opens new tab Read more
LONDON, July 9 (Reuters) - U.S. cybersecurity and data resilience and company Rubrik (RBRK.N), opens new tab said on Thursday it would invest more than $500 million over the next five years in Britain, one of its fastest growing markets, and establish its European headquarters in London.
"The UK is one of the world's leading technology markets, and has become increasingly important to Rubrik's long-term growth," said CEO and co-founder Bipul Sinha.
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"This investment strengthens our UK ecosystem, helping EMEA customers address the critical need for European data sovereignty, quickly recover from cyberattacks, and safely scale AI."
On Wednesday, New York-listed Rubrik said its Rubrik Security Cloud would be available on AWS European Sovereign Cloud, providing public sector and highly regulated private organisations with cloud-native sovereign cyber resilience.
Rubrik was established 12 years ago to solve the problem of keeping a business up and running when it was targeted by a cyber attack, Sinha said in an interview. It listed in 2024 and currently has a market value of $17.4 billion.
As its customers started to use AI agents to do tasks, such as writing code or customer service, it was a natural step to move into AI resilience, he said.
The company launched its "Rubrik Agent Cloud" in October and expanded it to Anthropic's Claude Code and Claude Cowork last month, able to observe, control and reverse unintended actions.
"We are seeing significant interest and traction in this space," he said.
"We not only are creating the real-time security guard rail for agents, we are also giving you agent rewind, so if the agent makes any mistake you can press the undo button, and that comes from our cyber recovery background."
($1 = 0.7457 pounds)
Reporting by Paul Sandle; editing by Sarah Young
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Stavební výroba (y-y) (květen):
aktuální hodnota: 4,4 %
očekávání trhu: --
předchozí hodnota: 7,7 %
„Stavební produkce v květnu rostla už po devatenácté v řadě, meziročně se zvýšila o 4,4 %. Růst se odehrával v inženýrském i pozemním stavitelství,“ říká Petra Kačírková z oddělení statistiky stavebnictví a bytové výstavby ČSÚ. Produkce v pozemním stavitelství se zvýšila o 3,3 % a inženýrské stavitelství meziročně vzrostlo o 6,6 %. Meziměsíčně byla v květnu stavební produkce vyšší o 0,2 %.
Průmyslová výroba (y-y) (bez sezónního očištění) (květen):
aktuální hodnota: -1,0 %
očekávání trhu: 1,2 %
předchozí hodnota: 1,5 %
Průmyslová produkce v květnu byla reálně meziměsíčně nižší o 0,4 %. Meziročně vzrostla o 2,0 %. „Průmyslová produkce v květnu meziročně vzrostla ve většině odvětví. Nejvíce růst podpořila výroba počítačů, elektronických a optických přístrojů a zařízení, a to jak vlivem oživení v tomto odvětví, tak vlivem nižší srovnávací základny,“ říká Veronika Doležalová, vedoucí oddělení statistiky průmyslu ČSÚ. Dále ke květnovému růstu přispěla zejména výroba motorových vozidel, kovozpracující a chemický průmysl. Produkce meziročně klesla ve výrobě ostatních dopravních prostředků a zařízení, kde se však projevil vliv vysoké srovnávací základny z května loňského roku. Pokračoval i pokles těžby a dobývání, zejména uhlí.
Pagaya Technologies leverages proprietary AI for underwriting, driving strong cash flow and margin expansion with minimal incremental CapEx. PGY trades at a compelling forward P/E of 5.90, well below sector medians, as GAAP profitability and cash flow accelerate on growing client adoption. Free cash flow is used to pay down debt and build cash reserves, positioning PGY for future shareholder returns as leverage declines.
Společnosti Kofola a Invest Gate uspěly ve výběrovém řízení na převzetí firmy Bohemia Healing Marienbad Waters, pod kterou spadají tradiční značky minerálních a léčivých vod Bílinská kyselka, Zaječická hořká, Rudolfův pramen či Excelsior. Transakce přichází po více než roce trvajícím insolvenčním řízení, během něhož firmě kvůli vysokému zadlužení a problémům se splácením závazků hrozil zánik.
Společnosti Kofola a Invest Gate zvítězily ve výběrovém řízení na prodej firmy Bohemia Healing Marienbad Waters (BHMW), která stáčí tradiční minerální a léčivé vody Bílinská kyselka, Zaječická hořká, Rudolfův pramen či Excelsior. ČTK o tom dnes informovala mluvčí Kofoly Jana Ptačinská Jirátová. Kvůli neschopnosti plnit své závazky, včetně splacení dluhopisů, hrozil zánik značek.
Od června loňského roku trvá insolvenční řízení. Dokončení transakce podléhá schválení věřitelského výboru a insolvenčního soudu. Věřitelský výbor už prodej schválil. Úplné vypořádání se očekává ve 3. čtvrtletí tohoto roku, poté přejde BHMW do rukou Kofoly a Invest Gate, uvedla mluvčí. Krizový manažer Libor Duba nedávno ČTK řekl, že firma je v dobré ekonomické kondici. V Bílině pracuje ve dvou směnách 22 zaměstnanců, v Mariánských Lázních dalších šest.
Insolvenční správce Jaroslav Brož uvedl, že angažování krizového manažera Duby se ukázalo jako dobré rozhodnutí. "Potvrdilo se, že i v konkurzu lze provozovat závod s kladným hospodářským výsledkem a že insolvence nemusí znamenat konec provozu závodu, ale smysluplné rychlé a efektivní řešení úpadku," uvedl insolvenční správce. Příprava prodeje mohla začít až po březnovém rozhodnutí Vrchního soudu v Praze, který potvrdil prohlášení konkurzu na majetek dlužníka. V dubnu Krajský soud v Plzni stanovil podmínky prodeje, které byly splněny. "Dnešním dnem, tj. ve středu 8. července, byla uzavřena smlouva na prodej závodu Bohemia Healing Marienbad Waters," uvedl insolvenční správce.
Kofola má zkušenosti s některými tradičními nápojářskými značkami. "Bílinská kyselka je významným lázeňským pramenem z přírodního léčivého zdroje, na jehož záchraně se budeme velice rádi podílet," uvedl Daniel Buryš, ředitel Kofoly v Česku a na Slovensku. "Od samotného počátku jsme deklarovali, že naším hlavním cílem je nalézt řešení, které povede k co nejvyššímu možnému uspokojení věřitelů a současně zachová budoucnost této výjimečné společnosti a jejích tradičních značek," uvedl za budoucí spolumajitele Kristian Bašta, zakladatel společnosti Invest Gate. Dodal, že po celou dobu obě společnosti usilovaly o to, aby věřitelé získali maximum, které objektivně umožňuje skutečný ekonomický stav společnosti. "Tento závazek je pro nás určující i dnes," uvedl Bašta.
Společnost BHMW je po několika letech podle Duby konečně v zisku. "Podařilo se nám firmu stabilizovat, drobně roste," řekl v polovině června ČTK. Uvedl, že nový vlastník získá podnik zbavený většiny dluhů, které byly podle Duby v řádech vyšších stovek milionů korun.
Bílinskou kyselku s historií dlouhou přes 350 let pijí lidé při překyselení žaludku, pálení žáhy nebo na zlepšení látkové výměny.
Květnová tvrdá data z ekonomiky zatím přinášejí povzbudivý signál především ze strany domácí poptávky. Domácnosti nadále svižně utrácejí, o čemž svědčí pokračující růst maloobchodních tržeb v kombinaci se zlepšenou spotřebitelskou náladou v červnu. Reálné spotřebě domácností, hlavnímu hnacímu motoru tuzemské ekonomiky, hraje do karet i překvapivě výrazný pokles inflace na 1,5 %, přičemž během léta mohou cenové tlaky ještě dále mírně zvolnit.Další důležitý signál nabídne dnešní výsledek průmyslové výroby za květen. Průmysl sice zůstává slabší částí ekonomiky, ale v posledních měsících došlo ke stabilizaci a v dubnu i k pozitivnímu překvapení jak u výroby (+1,5 %), tak u nových zakázek (+2,7 %). S podobně povzbudivým výsledkem počítáme i v květnu – to ostatně naznačuje nadále se zlepšující sentiment průmyslníků, který se dle indexu PMI dostal na nejvyšší úroveň za poslední čtyři roky.
V rámci průmyslu ale přetrvávají výrazné rozdíly. Tahounem zůstává automotive, zatímco strojírenství jako další klíčové odvětví stále zaostává za úrovní produkce z roku 2019 o zhruba deset procent. V posledních měsících se daří i některým energeticky náročným odvětvím – příkladem jsou výrobci základních kovů. A to navzdory blízkovýchodnímu konfliktu, jehož opožděné dopady ještě mohou působit jednak přes napětí v dodavatelských řetězcích, jednak nepřímo přes zahraniční poptávku. Dobrou zprávou je, že v prvním případě již dostupná data naznačují úlevu, ve druhém by pak vyšší výdaje na obranu a infrastrukturu mohly tlumit případné oslabení poptávky v pro nás klíčovém Německu.
Celkově zůstává český průmysl relativně odolný. Opětovné napětí na Blízkém východě však připomíná, že rizika pro tuzemský průmysl zůstávají nemalá. V tomto ohledu proto letos počítáme spíše s pozvolným růstem průmyslu okolo 2 % než s prudkým odrazem vzhůru.
TRHY Koruna
Opětovný nárůst napětí na Blízkém východě prozatím nechává českou korunu v klidu a ta se tak v prázdninovém módu obchoduje okolo 24,25 EUR/CZK. Dražší ropa Brent je sice rizikem, ale prozatímní nárůst je relativně mírný – vazba koruny na ropu byla nejsilnější v průběhu horké fáze konfliktu a pak postupně erodovala. Dnes bude na domácí frontě zveřejněn výsledek průmyslové produkce za květen, u níž čekáme po povzbudivém výsledku PMI další mírný růst.
Eurodolar
Eurodolar se v posledních čtyřiadvaceti hodinách zabydlel těsně nad hranicí 1,14 a moc se mu odtud nechce. Drží si pevnou pozici prakticky proti všem hlavním měnám poté, co nové napětí v Zálivu oživilo „poptávku po bezpečí“. Americká armáda v úterý spustila další vlnu úderů na Írán v reakci na útoky na tankery v Hormuzském průlivu. Brent se proto ve středu vyšplhal o dalších více než 5 % a dnes ráno se obchoduje kolem 79 dolarů za barel, nejvýše za poslední dva týdny. Dražší ropa přitom v aktuální konstelaci nehraje euru do karet: eurozóna je vůči energetickému šoku citlivější a dolar navíc profituje z toho, že dražší energie teoreticky přiživují inflační obavy amerického Fedu. Dnešek je na makročísla relativně chudý a s eurodolarem bude primárně hýbat dění na Blízkém východě.
Wall Street včera zavřela smíšeně po dalším vyhrocení situace na Blízkém východě, načež Donald Trump oznámil konec příměří. Po prvotní negativní reakci se ale technologické tituly část ztrát stáhly zpět, o 0,28 % odepsal index SP500, zatímco Nasdaq díky čipům lehce přidal 0,20 %. Evropa včera klesla výrazněji, evropský STOXX po změně sentimentu odepsal 1,8 %, což byl nejslabší den od března, hlavním činitelem poklesu byl růst ropy (BRENT +5,2 %) a obavy z inflace. Dle futures kontraktů budou evropské trhy dnes otevírat opatrně, náladu dál brzdí čerstvé americké údery na Írán a další růst ropy. Brent se ráno drží kolem 79 USD/barel, a tím vrací do trhu inflační prémii, která se podepisuje na růstu výnosů státních dluhopisů (české 10leté státní dluhopisy vzrostly o 10 bps). Dnes je na programu report dat žádostí o podporu, sledované bude také vystoupení Williamse z Fedu. Do toho startuje výsledková sezóna v USA reportem Pepsi. V Praze včera akcie odepisovaly pod tlakem byly hlavně Erste, CSG, Doosan a Colt, naopak ČEZ přidal 0,89 % a bude dnes otevírat při 1251 Kč.
PORTLAND, Maine, April 14, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. ("Elmet" or the "Company"), a U.S.-based provider of precision-engineered components and advanced high-energy systems, today announced that it has launched the roadshow for its proposed initial public offering of approximately 7.7 million shares of its common stock, all of which are being offered by Elmet. In addition, Elmet intends to grant the underwriters a 30-day option to purchase up to approximately an additional 1.2 million shares of common stock from Elmet at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $12.00 and $14.00 per share.
Elmet intends to list its common stock on the Nasdaq Capital Market under the ticker symbol “ELMT.”
Cantor is acting as lead book-running manager for the proposed offering. Needham & Company and Canaccord Genuity are acting as joint book-running managers. Roth Capital Partners is acting as co-manager.
The proposed offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus related to the proposed offering may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov.
Alternatively, when available, a copy of the preliminary prospectus related to the proposed offering may be obtained from: Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor, New York, New York 10022 or by email to [email protected].
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About The Elmet Group
The Elmet Group is a U.S.-based provider of precision-engineered components and advanced high-energy systems for the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries. The Company operates through two segments, Critical Materials Components (CMC) and Engineered Microwave Products (EMP), leveraging materials science and precision engineering expertise to deliver-high-performance solutions. The Elmet Group is dedicated to strengthening domestic manufacturing capabilities to support the U.S. and its allies’ needs in both critical materials and advanced high-power microwave systems.
Forward Looking Statements
The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or our future financial or operating performance and include statements regarding the expected size, timing and results of the proposed initial public offering. When used in this press release, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Elmet’s prospectus. Elmet undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
PORTLAND, Maine, April 22, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. ("Elmet" or the "Company"), a U.S.-based provider of precision-engineered components and advanced high-energy systems, today announced the pricing of its upsized initial public offering of approximately 8.6 million shares of its common stock at a public offering price of $14.00 per share, for a total of $120.0 million in gross proceeds.
All of the shares of common stock are being offered by Elmet. The net proceeds to Elmet from the offering, after deducting underwriting discounts and commissions and other offering expenses payable by Elmet, are expected to be approximately $109.0 million. In addition, Elmet has granted the underwriters a 30-day option to purchase up to an additional approximately 1.3 million shares of common stock from Elmet at the initial public offering price, less underwriting discounts and commissions.
The shares are expected to begin trading on the Nasdaq Capital Market on April 23, 2026 under the ticker symbol “ELMT.” The offering is expected to close on April 24, 2026, subject to the satisfaction of customary closing conditions.
Elmet currently intends to use the net proceeds it receives from this offering, together with its existing cash and restricted cash, to repay debt, with the remainder to be put toward growth capital, working capital, and general corporate purposes.
Cantor is acting as lead book-running manager for the offering. Needham & Company and Canaccord Genuity are acting as joint book-running managers. Roth Capital Partners is acting as co-manager.
A registration statement (the “Registration Statement”) relating to these securities was declared effective by the Securities and Exchange Commission on April 22, 2026. The offering is being made only by means of a prospectus. A copy of the final prospectus may be obtained, when available, from: Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor, New York, New York 10022 or by email to [email protected]. Copies may also be obtained, when available, by visiting EDGAR on the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About The Elmet Group
The Elmet Group is a U.S.-based provider of precision-engineered components and advanced high-energy systems for the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries. The Company operates through two segments, Critical Materials Components (CMC) and Engineered Microwave Products (EMP), leveraging materials science and precision engineering expertise to deliver-high-performance solutions. The Elmet Group is dedicated to strengthening domestic manufacturing capabilities to support the U.S. and its allies’ needs in both critical materials and advanced high-power microwave systems.
Forward Looking Statements
The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or our future financial or operating performance and include statements regarding the expected size, timing and results of the proposed initial public offering, Elmet’s intended use of proceeds from the initial public offering, expected trading commencement on the Nasdaq Capital Market and closing dates. When used in this press release, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the Registration Statement. Elmet undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Elmet Group debuted strongly, leveraging its role in securing US critical component supply chains and reducing reliance on foreign imports. Elmet trades at 2.5x 2025 sales, but low operating margins (6%) and limited growth cadence disclosures temper enthusiasm. Backlog increased from $70M to $96M, driven by 20% growth in aerospace, defense, and government segments, now over 40% of sales.
PORTLAND, Maine, April 24, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. ("Elmet" or the "Company"), a U.S.-based provider of precision-engineered components and advanced high-energy systems, today announced the closing of its upsized initial public offering of an aggregate of approximately 9.9 million shares of its common stock, including the full exercise by the underwriters of their overallotment option to purchase approximately 1.3 million shares, at a public offering price of $14.00 per share. The aggregate net proceeds to Elmet from the offering were $125.5 million after deducting underwriting discounts and commissions and other offering expenses payable by Elmet. The shares began trading on the Nasdaq Capital Market on April 23, 2026 under the ticker symbol “ELMT.”
Elmet currently intends to use the aggregate net proceeds it received from this offering, together with its existing cash and restricted cash to repay debt, with the remainder to be put towards working capital, growth capital, and general corporate purposes.
Cantor acted as lead book-running manager for the offering. Needham & Company and Canaccord Genuity acted as joint book-running managers. Roth Capital Partners acted as co-manager.
Ellenoff Grossman & Schole LLP acted as legal counsel to the Company. Thompson Coburn LLP acted as legal counsel to the underwriters.
A registration statement (the “Registration Statement”) relating to these securities was declared effective by the Securities and Exchange Commission on April 22, 2026. The offering was made only by means of a prospectus. A copy of the final prospectus may be obtained from: Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor, New York, New York 10022 or by email to [email protected]. Copies may also be obtained by visiting EDGAR on the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About The Elmet Group
The Elmet Group is a U.S.-based provider of precision-engineered components and advanced high-energy systems for the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries. The Company operates through two segments, Critical Materials Components (CMC) and Engineered Microwave Products (EMP), leveraging materials science and precision engineering expertise to deliver high-performance solutions. The Elmet Group is dedicated to strengthening domestic manufacturing capabilities to support the U.S. and its allies’ needs in both critical materials and advanced high-power microwave systems.
Forward Looking Statements
The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or our future financial or operating performance and include statements regarding Elmet’s intended use of proceeds from the initial public offering and the exercise of the underwriters’ option to purchase additional shares of common stock from Elmet. When used in this press release, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the Registration Statement. Elmet undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Four IPOs priced this past week, featuring nuclear tech, critical materials, real estate, and convenience stores. One IPO is currently scheduled for the week ahead, joined by Bill Ackman's Pershing Square deals. Street research is expected for one company in the week ahead, and two lock-up periods will be expiring.
Elmet Group Co. (NASDAQ:ELMT – Get Free Report) Director Kimberly Monzeglio Anania bought 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was purchased at an average price of $14.00 per share, for a total transaction of $98,000.00. Following the acquisition, the director owned 7,000 shares of the company’s stock, valued at $98,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Elmet Group Stock Performance ELMT stock opened at $17.00 on Monday. Elmet Group Co. has a 12-month low of $16.39 and a 12-month high of $22.25.
Elmet Group Company Profile (Get Free Report)
Elmet provides precision-engineered components and advanced high-energy systems for growth markets. Our customers in these markets require advanced technology involving critical and strategic materials, such as tungsten, molybdenum and niobium (such materials, the “Critical Materials”) and high-level radio frequency (“RF”) engineering, including plasma generation, radar, and other high-energy systems (together, “High-Power Microwave”). Our products and solutions are integral to the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries.
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PORTLAND, Maine, May 20, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. ("Elmet" or the "Company"), a U.S.-based provider of precision-engineered components and advanced high-energy systems, will hold a conference call and webcast on Friday, May 29, 2026 at 9:00 a.m. Eastern Time to discuss its financial results for the quarter ended April 3, 2026. A press release with additional information will be issued prior to the call.
Elmet management will host the conference call, followed by a question and answer period.
Date: Friday, May 29, 2026
Time: 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time)
U.S. dial-in number: 877-869-3847
International number: +1 201-689-8261
Webcast: Register and Join
Please call the conference telephone number 5-10 minutes prior to the start time. If you have any difficulty connecting with the conference call, please contact Gateway Group at 949-574-3860.
The conference call will be broadcast simultaneously and available for webcast replay here.
About The Elmet Group
The Elmet Group is a U.S.-based provider of precision-engineered components and advanced high-energy systems for the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries. The Company operates through two segments, Critical Materials Components (CMC) and Engineered Microwave Products (EMP), leveraging materials science and precision engineering expertise to deliver high-performance solutions. The Elmet Group is dedicated to strengthening domestic manufacturing capabilities to support the U.S. and its allies’ needs in both critical materials and advanced high-power microwave systems.
PORTLAND, Maine, May 26, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. (Nasdaq: ELMT) ("Elmet" or the "Company"), a U.S.-based provider of precision-engineered components and advanced high-energy systems, will ring the Nasdaq Closing Bell on Friday, May 29, 2026, in recognition of its recent initial public offering.
Representing the entire Elmet team, a group of frontline manufacturing employees and senior leaders will join Chairman and CEO Peter V. Anania to ring the bell, celebrating the hard work of the team behind Elmet’s mission.
“This ceremony celebrates the many years of hard work from our collective team that led to our successful Nasdaq listing,” said Anania. “We appreciate the support of our employees, partners, customers, and shareholders who have all contributed to this tremendous milestone.”
The ceremony will be held at Nasdaq’s MarketSite in New York City and will be webcast live starting at 3:45 p.m. Eastern time.
About The Elmet Group
The Elmet Group is a U.S.-based provider of precision-engineered components and advanced high-energy systems for the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries. The Company operates through two divisions, Critical Materials Components (CMC) and Engineered Microwave Products (EMP), leveraging materials science and precision engineering expertise to deliver high-performance solutions. The Elmet Group is dedicated to strengthening domestic manufacturing capabilities to support the U.S. and its allies’ needs in both critical materials and advanced high-power microwave systems.
Demand accelerating in Aerospace, Defense & Government markets
Successfully completed an upsized IPO, raising $125.5 million in net proceeds in Q2
Revenue increased nearly 21%, with over 250 basis points of gross profit margin expansion driving adjusted EBITDA increase of 106%
Backlog increased by nearly 52% to record level of $113 million
PORTLAND, Maine, May 29, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. (“Elmet,” the “Company,” “we,” or “our”) (NASDAQ: ELMT), a U.S.-based provider of precision-engineered components and advanced high-power systems, today reported financial results for its fiscal first quarter ended April 3, 2026.
First Quarter Fiscal Year 2026 Highlights
Revenue increased 20.7% to approximately $56.0 million compared to approximately $46.4 million in Q1 2025.Revenue from our Critical Materials & Components (“CMC”) division increased approximately $9.1 million compared to Q1 2025 primarily from growth within the Aerospace, Defense & Government (“ADG”) end market.Gross profit margin improved 260 basis points to 21.2% of revenue compared to 18.6% of revenue Q1 2025.Net income (loss) for Q1 2026 was $(0.3) million, or $(0.02) per share, compared to $1.2 million, or $0.06 per share, in Q1 2025. Adjusted net income (loss) for Q1 2026 was $4.7 million, or $0.24 per share, compared to $1.9 million, or $0.10 per share, in Q1 2025.Adjusted EBITDA increased to approximately $9.2 million, or 16.4% of revenue, compared to approximately $4.5 million, or 9.6% of revenue, in Q1 2025.Open order backlog increased to approximately $113.3 million, up from approximately $96.3 million at the end of Q4 2025 and approximately $74.7 million at the end of Q1 2025.Recorded approximately $3.7 million in income related to a change in fair value and mark to market of the Company’s strategic investment in tungsten mining company EQ Resources Limited. Trailing Twelve Months Highlights
Revenue increased 4.8% to approximately $211.2 million compared to 2025 fiscal year results of approximately $201.6 million.Gross profit margin improved 60 basis points to 20.9% of revenue compared to 20.3% for the 2025 fiscal year.Net income (loss) decreased to approximately $4.0 million, or $0.20 per share, compared to $5.5 million, or $0.28 per share, for the 2025 fiscal year. Adjusted net income (loss) increased to approximately $16.2 million, or $0.81 per share, compared to $13.4 million, or $0.67 per share, for the 2025 fiscal year.Adjusted EBITDA increased approximately $5.2 million to $28.6 million, or 13.5% of revenue, compared to approximately $23.4 million, or 11.6% of revenue, for the 2025 fiscal year. Management Commentary
“Today, we view the environment in which we operate as highly favorable and supported by strong demand for critical materials and engineered high-power systems, increasing defense spending, and ongoing supply chain realignment,” said Company CEO Peter V. Anania. “Following our successful public listing in April, we believe we are well-positioned to effectively meet this demand and expand our role as a trusted supplier across mission-critical systems.
“Our recent performance demonstrates the resilience and diversification of our operating model and our competitive strategic positioning within key growth markets, most notably ADG. We have built significant momentum, supported by our record backlog and newly fortified balance sheet, which we believe will allow us to make opportunistic investments to further support our long-term competitive positioning.”
Subsequent Events
Subsequent to the end of Q1 2026, we completed a successful upsized IPO of an aggregate of approximately 9.9 million shares of our common stock, including the full exercise by the underwriters of their overallotment option to purchase approximately 1.3 million additional shares, at a public offering price of $14.00 per share. The aggregate net proceeds from the offering were approximately $125.5 million after deducting underwriting discounts and commissions and other offering expenses payable by Elmet. We subsequently retired $17.8 million in term debt and paid $8.3 million transaction related stock appreciation rights costs, resulting in net $99.4 million cash on hand from the proceeds. We intend to use the net cash we received from this offering, as well as our pre-existing cash, for growth capital, working capital, and general corporate purposes.
Conference Call
The Elmet Group Co. management will host a conference call today, Friday, May 29, 2026, at 9:00 a.m. Eastern time (6:00 a.m. Pacific time) to discuss these results, followed by a question-and-answer period.
Toll-Free Number: 877-869-3847
International Number: +1 201-689-8261
Webcast: Register and Join
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group at 949-574-3860.
The conference call will be broadcast simultaneously and available for webcast replay here.
About The Elmet Group
The Elmet Group is a U.S.-based provider of precision-engineered components and advanced high-energy systems for the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries. The Company operates through two divisions, Critical Materials Components (CMC) and Engineered Microwave Products (EMP), leveraging materials science and precision engineering expertise to deliver high-performance solutions. The Elmet Group is dedicated to strengthening domestic manufacturing capabilities to support the U.S. and its allies’ needs in both critical materials and advanced high-power microwave systems.
Reorganization and Presentation of Financial Results
On January 2, 2026, the Company effected a reorganization (the “Reorganization”) whereby Anania & Associates and its noncontrolling interest holders contributed their ownership interests in Anania & Associates and its consolidated subsidiaries in exchange for shares of common stock in the Company. The Reorganization was a reorganization of entities under common control as Anania & Associates and the Company were controlled by the Company’s Chief Executive Officer (“CEO”) before and after the Reorganization. As a result, the Reorganization was accounted for in a manner similar to a pooling of interests with the assets and liabilities of Anania & Associates and its consolidated subsidiaries being carried over at their historical amounts. The historical consolidated financial statements of Anania & Associates were retrospectively recast to reflect the results as if the Company owned Anania & Associates and its consolidated subsidiaries as of January 1, 2025. In connection with the Reorganization, Anania & Associates Investment Company LLC, an immaterial subsidiary of Anania & Associates, was no longer controlled by the Company and was deconsolidated on January 2, 2026. The deconsolidation was recognized as a spinoff and the impact of $0.5 million was recognized within equity. In connection with the Reorganization, the Company’s tax status changed from an S-corporation to a C-corporation.
Non-GAAP Financial Measures
In evaluating its business, the Company uses or may use certain non-GAAP measures as supplemental measures to review and assess its operating and financial performance. These measures are commonly used in the manufacturing industry to provide stockholders and potential investors with additional information that excludes unusual or non-recurring items as well as non-cash items that are unrelated to or may not be indicative of the Company’s ongoing operating results. These measures may not be comparable to similar measures presented by other companies and should not be viewed as a substitute for measures reported under U.S. GAAP. These non-GAAP financial measures have limitations as analytical tools when assessing the Company’s operating and financial performances, and investors should not consider them in isolation, or as a substitute for any consolidated statement of operations data prepared in accordance with U.S. GAAP. The reconciliations to EBITDA, Adjusted EBITDA, Adjusted Net Income, and Adjusted Earnings Per Share from relevant GAAP metrics are included at the end of this press release. Backlog as reported is confirmed orders from customers for which revenue has not been recognized.
Forward Looking Statements
The information in this press release includes forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. These statements generally relate to future events or our future financial or operating performance and include statements regarding Elmet’s intended use of proceeds from the IPO, Elmet’s ability to: (i) effectively meet demand for its products, (ii) benefit from defense spending levels in the United States and other countries in which it does business, (iii) successfully pursue its ongoing supply chain realignment, (iv) expand its role as a supplier across its end markets, (v) successfully make opportunistic investments, if any, that will support its competitive positioning, and (vi) effectively use the net proceeds received from its IPO to its benefit in the manner currently contemplated, in a different manner, or at all. When used in this press release, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Elmet’s Registration Statement on Form S-1, as amended (File No. 333-294725) and subsequent filings Elmet makes with the Securities and Exchange Commission. Elmet undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Investor Contact
Tom Colton and Greg Bradbury
Gateway Group, Inc. [email protected]
949-574-3860
-Financial tables to follow-
THE ELMET GROUP CO.
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
(in thousands, except share data) April 3,
2026 December 31,
2025Assets Current Assets: Cash$1,825 $1,759Marketable securities 838 202Accounts receivable, net 29,127 28,904Government grant receivables — 1,690Related party receivables 178 426Unbilled revenue 3,610 2,621Inventories, net 75,032 69,697Income tax receivable 74 —Derivative asset 3,095 —Prepaid expenses and other current assets 6,462 4,774Total current assets 120,241 110,073Property, plant and equipment, net 44,185 42,342Operating lease right-of-use assets 10,448 10,586Intangible assets, net 6,870 7,184Goodwill 4,547 4,583Deferred tax assets, net 84 —Other assets 872 878Total assets$187,247 $175,646 Liabilities and Stockholders’ Equity Current Liabilities: Accounts payable$17,679 $16,165Accrued expenses and other current liabilities 13,765 13,659Operating lease liabilities, current portion 898 875Current portion of long-term debt – related party 2,396 2,319Current portion of long-term debt 6,229 7,755Deferred government grants 4,166 4,672Deferred revenue 23,494 14,853Total current liabilities 68,627 60,298Operating lease liabilities, net of current portion 10,022 10,247Long-term debt, net of current portion 26,768 28,455Long-term debt, net of current portion – related party 15,000 15,000Deferred tax liabilities, net 4,820 —Other liabilities 1,000 1,189Total liabilities 126,237 115,189 Commitments and Contingencies (Note 18) Stockholders’ Equity: Preferred Stock - $0.001 par value; 20,000,000 shares authorized, no shares issued and outstanding as of April 3, 2026 and December 31, 2025 — —Class A Common Stock – $0.001 par value; 500,000,000 shares authorized, 20,122,721 shares issued and outstanding as of April 3, 2026 and December 31, 2025 20 20Class B Common Stock – $0.001 par value; 40,000,000 shares authorized, 466 shares issued and outstanding as of April 3, 2026 and December 31, 2025 — —Additional paid-in capital 16,011 15,366Retained earnings 44,995 44,791Accumulated other comprehensive (loss) income (16) 280Total stockholders’ equity 61,010 60,457Total liabilities and stockholders’ equity $187,247 $175,646 The accompanying notes are integral to the unaudited consolidated financial statements.
THE ELMET GROUP CO.
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
(in thousands, except share and per share data) Three Months Ended April 3,
2026 March 31,
2025Revenue $56,007 $46,387 Cost of goods sold 44,159 37,776 Gross profit 11,848 8,611 Operating expenses: General and administrative 7,068 3,259 Research and development 850 811 Sales and marketing 2,067 1,683 Total operating expenses 9,985 5,753 Operating income 1,863 2,858 Other (income) expense, net: Interest expense 613 510 Interest expense – related party 627 416 Change in fair value of derivative asset (3,095) — Other (income) expense, net (654) 79 Total other (income) expense, net (2,509) 1,005 Income from continuing operations before taxes 4,372 1,853 Income tax provision 4,710 — (Loss) income from continuing operations (338) 1,853 Loss from discontinued operations — (656)Net (loss) income $(338) $1,197 Net (loss) income per share: Basic $(0.02) $0.06 Diluted $(0.02) $0.06 Weighted average shares outstanding Basic 20,123,187 20,123,187 Diluted 20,123,187 20,123,187 The accompanying notes are integral to the unaudited consolidated financial statements.
THE ELMET GROUP CO.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
(in thousands)
Three Months Ended
April 3,
2026
March 31,
2025
Cash flows from operating activities: Net (loss) income$(338) $1,197 Loss from discontinued operations — (656) (Loss) income from continuing operations (338) 1,853 Adjustments to reconcile (loss) income from continuing operations to net cash provided by operating activities: Deferred income taxes 4,736 — Change in fair value of derivative asset (3,095) — Depreciation and amortization 1,923 1,604 Stock-based compensation 645 — Noncash operating lease expense 138 217 Noncash interest expense 6 7 Provision for excess and obsolete inventories 36 395 Change in fair value of interest rate collars (34) (56) Unrealized gain on marketable securities (636) — Changes in operating assets and liabilities: Accounts receivable (229) 7,537 Unbilled revenue (989) (1,051) Inventories (5,387) (6,405) Related party receivables 171 (3) Income tax receivable (74) — Prepaid expenses and other current assets (1,202) (272) Other assets (4) 7 Accounts payable 2,492 291 Accrued expenses and other current liabilities 392 (203) Operating lease liabilities (202) (188) Deferred revenue 8,645 4,520 Other liabilities (73) (20) Net cash provided by operating activities from continuing operations 6,921 8,233 Net cash used in operating activities from discontinued operations — (2,928) Net cash provided by operating activities 6,921 5,305 Cash flows from investing activities: Purchases of property, plant and equipment, net of grant proceeds (see Note 7 – Government Grants) (2,337) (2,733) Net cash used in investing activities from continuing operations (2,337) (2,733) Net cash used in investing activities from discontinued operations — (24) Net cash used in investing activities (2,337) (2,757) Cash flows from financing activities: Payments of principal on revolving credit facility (1,810) (2,048) Proceeds from revolving credit facility 164 400 Payments of principal on long-term debt (1,074) (2,966) Payments of principal on long-term debt – related party (1,519) — Cash distributions paid to stockholders — (1,789) Payments of deferred consideration (73) — Net payments of principal on revolving credit facility – related party (150) (32) Payments of principal on finance leases (11) (13) Net cash used in financing activities from continuing operations (4,473) (6,448) Net cash provided by financing activities from discontinued operations — 28 Net cash used in financing activities (4,473) (6,420) Effects of exchange rate changes on cash (45) 146 Net increase (decrease) in cash$66 $(3,726) Cash at beginning of period 1,759 6,532 Cash at end of period$1,825 $2,806 Reconciliation of cash at beginning of period: Cash at beginning of period – continuing operations$1,759 $3,608 Cash at beginning of period – discontinued operations — 2,924 Cash at beginning of period$1,759 $6,532 Reconciliation of cash at end of period: Cash at end of period – continuing operations$1,825 $2,806 Cash at end of period – discontinued operations — — Cash at end of period$1,825 $2,806 Supplemental non-cash investing and financing activities: Purchases of property, plant and equipment included in accounts payable and accrued expenses$1,081 $52 Deferred offering costs included in accounts payable and accrued expenses$1,346 $— Supplemental disclosure of cash flow information: Cash paid for interest$1,085 $930 The accompanying notes are integral to the unaudited consolidated financial statements.
Non-GAAP Financial Measures:
The following tables display certain non-GAAP financial measures we believe are helpful in assessing our performance and interpreting our financial results. We believe these non-GAAP financial measures are important supplemental measures because they exclude unusual or non-recurring items as well as non-cash items that are unrelated to or may not be indicative of our ongoing operating results. Further, when read in conjunction with our GAAP results, these non-GAAP financial measures provide a baseline for analyzing trends in our underlying businesses and can be used by management as a tool to help make financial, operational and planning decisions. We may use non-GAAP financial metrics in certain management compensation plans, debt covenants, internal budgetary decision making and other resource allocation decisions. Finally, these measures are often used by analysts and other interested parties to evaluate companies in our industry by providing more comparable measures that are less affected by factors such as capital structure.
Adjusted EBITDA
Adjusted EBITDA is a non-GAAP measurement. We define Adjusted EBITDA as our net income plus interest expense, income taxes, depreciation and amortization, and, as applicable for each period, stock-based compensation expense and non-cash gains and losses on the sale of assets. Adjusted EBITDA also excludes certain non-recurring costs such as the costs associated with the IPO, certain acquisition and transaction costs, severance and restructuring costs, and other non-recurring costs.
THE ELMET GROUP CO.
ADJUSTED EBITDA FROM CONTINUING OPERATIONS
(NON- GAAP, UNAUDITED)
(in thousands) Quarters Ended March 31, 2025 April 3, 2026 Year ended December 31,
2025 TTM April 3,
2026 Revenue$46,387 $56,007 $201,636 $211,256 Gross profit 8,611 11,848 41,019 44,257 Gross profit margin % 18.6% 21.2% 20.3% 20.9% Operating expenses 5,753 9,985 28,945 33,177 Net income (loss) from continuing operations 1,853 (338) 7,940 5,749 Net income (loss) from continuing operations % 4.0% (0.6)% 3.9% 2.7% Adjustments to income (loss) from continuing operations: Income tax benefit 4,710 (45) 4,665 Interest expense(1) 926 1,240 4,410 4,724 Depreciation and amortization 1,604 1,923 6,048 6,367 Acquisition and transaction costs(2) 67 30 440 403 Stock-based compensation(3) 645 1,451 2,096 Corporate costs associated with the offering(4) 10 798 2,580 3,368 Other(5) 166 1,013 1,179 Adjusted EBITDA (6)$4,460 $9,174 $23,387 $28,551 Adjusted EBITDA Margin 9.6% 16.4% 11.6% 13.5%
(1) Interest expense includes both third-party interest expense and related party interest expense.
(2) The adjustment for acquisition and transaction costs is to remove charges incurred in connection with any transaction, including mergers, acquisitions, refinancing, amendment or modification to indebtedness, and dispositions, in each case, regardless of whether consummated.
(3) Stock-based compensation includes expenses associated with restricted stock grants made in support of our initial public offering and the Reorganization.
(4) Corporate costs associated with the initial public offering include third-party expenses related to enhancing our accounting controls and procedures, incremental audit costs, recruitment of executive team and legal expenses.
(5) Others includes non-recurring costs associated with a utility failure at our CMC facility in Euclid, Ohio, and other restructuring costs.
(6) Adjusted EBITDA excludes the financial impact of discontinued operations. On October 1, 2025 A&A distributed its shares in Polymer Laboratories, LLC to the individual shareholders, which is unrelated to A&A continuing operations and The Elmet Group Co.
Adjusted Net Income and Adjusted Net Income Per Share
Adjusted Net Income and Adjusted Net Income Per Share are non-GAAP measurements. We define adjusted net income as net income less stock-based compensation and one-time non-recurring costs such as tax impacts of the Reorganization, discontinued operations, the costs associated with the IPO, certain acquisition and transaction costs, severance and restructuring costs, and other non-recurring costs and the income tax effect of such adjustments, as applicable.
THE ELMET GROUP CO.
RECONCILIATION OF ADJUSTED NET INCOME AND ADJUSTED EARNINGS PER SHARE
(NON-GAAP, UNAUDITED)
(in thousands) Quarters Ended March 31, 2025 April 3, 2026 Year ended December 31,
2025 TTM April 3,
2026 Numerator: Net income (loss)$1,197$(338) $5,542$4,007 Income (loss) from discontinued operations 656 2,398 1,742 One time tax expense associated with the Reorganization(1) — 3,791 — 3,791 Corporate costs associated with the IPO(2) 10 798 2,580 3,368 Stock-based compensation(3) — 645 1,451 2,096 Acquisition and transaction costs(4) 67 — 440 373 Other(5) — 196 1,013 1,209 Tax effect of adjustments(6) — (344) — (344) Adjusted net income$1,930$4,748 $13,424$16,242 Denominator: Weighted average shares outstanding – basic 20,123 20,123 20,123 20,123 Weighted average shares outstanding – diluted(7) 20,123 20,426 20,260 20,337 Adjusted net income per share: Basic$0.10$0.24 $0.67$0.81 Diluted(7)$0.10$0.23 $0.66$0.80 Unadjusted net income per share: Basic$0.06$(0.02) $0.28$0.20 Diluted(7)$0.06$(0.02) $0.27$0.20 (1) Reflects the impact of the deferred tax adjustment of $3.5 million, which was recognized in the period of Reorganization and does not reflect ongoing income tax expense, and other discrete tax impacts of $0.3 million related to the Reorganization.
(2) Corporate costs associated with the initial public offering include third-party expenses related to enhancing our accounting controls and procedures, incremental audit costs, recruitment of executive team and legal expenses.
(3) Stock-based compensation includes expenses associated with restricted stock grants made in support of our initial public offering and the Reorganization.
(4) The adjustment for acquisition and transaction costs is to remove charges incurred in connection with any transaction, including mergers, acquisitions, refinancing, amendment or modification to indebtedness, and dispositions, in each case, regardless of whether consummated.
(5) Other includes restructuring and severance costs associated with a reorganization at our CMC division and non-recurring costs associated with a utility failure at our CMC facility in Euclid, Ohio and other restructuring costs.
(6) The tax effect for the quarter ended April 3, 2026 represents our actual effective tax rate for the period of 21.0% when excluding the Reorganization impacts. There is no tax impact prior to the quarter ended April 3, 2026, as we were treated as an S-corporation for tax purposes prior to the Reorganization.
(7) The potential impact on weighted average common stock outstanding (diluted) related to our restricted stock was evaluated under the treasury stock method based on the weighted average unrecognized compensation costs for each period and the estimated fair value of our common stock for each period.
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GORHAM, Maine, June 02, 2026 (GLOBE NEWSWIRE) -- Microwave Techniques, an innovative manufacturer of high-power microwave components and RF solutions, and wholly-owned subsidiary of The Elmet Group Co. (NASDAQ: ELMT), today announced it has entered into a definitive license agreement with Brookhaven Science Associates (BSA), operator of Brookhaven National Laboratory (BNL), for the ARC Sentry arc detector technology.
The agreement grants Microwave Techniques a non-exclusive copyright license to manufacture and commercialize the ARC Sentry system.
The ARC Sentry is an arc detection platform designed to protect critical RF infrastructure from damage caused by arcing in high-power environments. The system, originally developed for the 2nd generation National Synchrotron Light Source II (NSLS-II), detects optical evidence of arc propagation and issues an interlock signal to stop propagation before hardware damage occurs.
“Integrating the ARC Sentry technology into our product offering strengthens our ability to provide comprehensive RF protection and monitoring solutions for demanding industrial, scientific, and medical applications,” said Henry Fries, Vice President of Engineering at Microwave Techniques. “This agreement allows us to leverage innovative R&D to deliver the next generation of high-speed protection equipment to our global customer base.”
Key technical features of the ARC Sentry platform include:
Scalable Architecture: Multi-channel system supporting up to 24 channels for comprehensive monitoring of waveguide and coaxial systems.SMA Fiber Optic Pickups: Can be used with small waveguide sizes and restrictive spaces.Rapid Detection: Optimized to identify an arc and trigger a protective shutdown in less than 3 microseconds.Reduced False Alarms: High speed sampling rate with successive events prior to triggering an alarm.Integrated Interface: Includes proprietary Graphical User Interface (GUI) and control software for real-time system configuration and signal evaluation. Under the terms of the agreement, Microwave Techniques will manage the engineering, fabrication, and global sales of the licensed products.
About Microwave Techniques
Microwave Techniques is an innovative manufacturer of high-power microwave solutions, including waveguide components, coaxial components, and advanced RF engineering systems. With facilities in Gorham, ME; Nashua, NH; and Hamburg, Germany, the company serves critical applications in defense, aerospace, industrial, medical, energy, broadcast, and scientific research. Microwave Techniques is a wholly owned subsidiary and operating division of The Elmet Group Co.
Learn more: www.microwavetechniques.com
About The Elmet Group
The Elmet Group Co. (NASDAQ: ELMT) is a U.S.-based provider of precision-engineered components and advanced high-energy systems for the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries. The Company operates through two segments, Critical Materials Components (CMC) and Engineered Microwave Products (EMP), leveraging materials science and precision engineering expertise to deliver high-performance solutions. The Elmet Group is dedicated to strengthening domestic manufacturing capabilities to support the U.S. and its allies’ needs in both critical materials and advanced high-power microwave systems.
Learn more: www.theelmetgroup.com
About Brookhaven National Laboratory
Brookhaven National Laboratory is a multipurpose research institution funded by the U.S. Department of Energy (DOE). Located in Upton, New York, BNL operates large-scale facilities for studies in physics, chemistry, biology, and energy technologies. As a leader in scientific innovation, the laboratory collaborates with industry to transition advanced R&D and copyrighted technology into commercial applications.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding future performance, expected outcomes, and strategic initiatives. Forward-looking statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. When used in this press release, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that may affect results discussed in The Elmet Group Co.’s registration statement on Form S-1 (File No. 294725), as amended, and subsequent filings The Elmet Group Co. makes with the U.S. Securities and Exchange Commission. The Elmet Group Co. undertakes no obligation to update these statements except as required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Contract to Accelerate Development of Molybdenum Components for Critical Defense Programs June 09, 2026 08:30 ET | Source: The Elmet Group
LEWISTON, Maine, June 09, 2026 (GLOBE NEWSWIRE) -- Elmet Technologies, a wholly-owned subsidiary of The Elmet Group Co. (“Elmet,” the “Company”) (NASDAQ: ELMT), the sole U.S.-owned and vertically integrated tungsten and molybdenum manufacturer, today announced it has secured strategic funding of $4.3 million in support of a government contract award to develop and advance domestic manufacturing capabilities for molybdenum-based products and refractory metal components utilized in critical defense programs.
The contract award is expected to enhance Elmet Technologies’ capacity and capabilities related to precision machining, production automation, additive manufacturing, material feeding, post-processing equipment, as well as additional finishing and inspection systems.
In addition, the contract aims to bolster domestic manufacturing readiness, redundancy, and expansion and meets the projected long-term demand for refractory metal components, specifically molybdenum-based products used in modern defense interceptor programs.
“This award directly supports our mission of securing the critical materials and components supply chain in the U.S.,” said Derek Fox, President of Elmet Technologies, the Critical Materials Components division of The Elmet Group. “We expect that it will enable us to expand capacity and deploy advanced manufacturing technologies in support of our nation’s critical defense initiatives, several of which depend on molybdenum-based components as a foundation. Elmet is honored to serve as a provider within that foundation.”
The contract will fund targeted investments across Elmet Technologies’ manufacturing operations with the objective of accelerating production throughput and improving precision component performance in mission-critical interceptor systems and U.S. defense platforms.
This initiative aligns with Elmet Technologies’ long-standing commitment to strengthening U.S. domestic manufacturing capabilities and supporting the United States’ needs in critical materials and components, as well as fortifying the defense industrial base and national security.
About Elmet Technologies
Elmet Technologies is the only U.S.-owned and operated, vertically integrated tungsten and molybdenum manufacturer. Since 1929, the company has been proudly serving its customers and applications in aerospace, defense, government, industrial, medical, semiconductor, electronics, and energy. With nearly 400 employees across three facilities, totaling over 500,000 square feet in Maine, Ohio, and Michigan, it is now one of the largest U.S.-owned producers of tungsten and molybdenum materials and products, fabricating materials to its global customers’ most exacting specifications. Elmet Technologies is ISO9001, AS9100, and ITAR registered.
Learn more: www.elmettechnologies.com
About The Elmet Group
The Elmet Group Co. (NASDAQ: ELMT) is a U.S.-based provider of precision-engineered components and advanced high-energy systems for the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries. The Company operates through two segments, Critical Materials Components (CMC) and Engineered Microwave Products (EMP), leveraging materials science and precision engineering expertise to deliver high-performance solutions. The Elmet Group is dedicated to strengthening domestic manufacturing capabilities to support the U.S. and its allies’ needs in both critical materials and advanced high-power microwave systems.
Learn more: www.theelmetgroup.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the receipt and use of funds from a government contract award, expectations regarding the effects of the use of such funds, future performance, expected outcomes, and strategic initiatives. Forward-looking statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. When used in this press release, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that may affect results discussed in The Elmet Group Co.’s registration statement on Form S-1 (File No. 294725), as amended, and subsequent filings The Elmet Group Co. makes with the U.S. Securities and Exchange Commission. The Elmet Group Co. undertakes no obligation to update these statements except as required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
PORTLAND, Maine, June 23, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. (Nasdaq: ELMT) ("Elmet" or the "Company"), a U.S.-based provider of precision-engineered components and advanced high-energy systems, is set to join the broad-market Russell 3000® and Russell Microcap® Indexes at the conclusion of the 2026 Russell indexes annual reconstitution, effective after the US market opens on June 26, 2026, according to a preliminary list of additions posted last month.
The June reconstitution of the Russell US indexes captures up to the 4,000 largest US stocks as of April 30 of each year, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for half a year beginning 2026, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.
“Being added to the Russell 3000® and Russell Microcap® Indexes is a meaningful recognition of the progress we've made in establishing Elmet as a leader in critical materials and defense technology,” said Company CEO Peter V. Anania. “This milestone strengthens our profile with institutional investors following our IPO in April and reinforces our commitment to driving sustainable growth and long-term value for our shareholders.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data aggregated by the London Stock Exchange Group, as of the end of June 2025, about $12.2 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider.
About The Elmet Group
The Elmet Group is a U.S.-based provider of precision-engineered components and advanced high-energy systems for the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries. The Company operates through two divisions, Critical Materials Components (CMC) and Engineered Microwave Products (EMP), leveraging materials science and precision engineering expertise to deliver high-performance solutions. The Elmet Group is dedicated to strengthening domestic manufacturing capabilities to support the U.S. and its allies’ needs in both critical materials and advanced high-power microwave systems.
About FTSE Russell, an LSEG Business
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally.
Approximately $21.20 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by LSEG.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding future performance, expected outcomes, and strategic initiatives. Forward-looking statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. When used in this press release, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that may affect results include the Company’s ability to benefit from inclusion in the Russell 3000® Index, the Russell Microcap® Index, or any other indices to the extent expected, to a lesser degree, or at all, as well as those factors discussed in The Elmet Group Co.’s registration statement on Form S-1 (File No. 294725), as amended, and subsequent filings The Elmet Group Co. makes with the U.S. Securities and Exchange Commission. The Elmet Group Co. undertakes no obligation to update these statements except as required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
PORTLAND, Maine, June 25, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. (Nasdaq: ELMT) (“Elmet” or the “Company”), a U.S.-based provider of precision-engineered components and advanced high-energy systems, today announced it has exercised its option to purchase 20 million ordinary shares of EQ Resources Limited (“EQR”), a global tungsten producer with operations in Australia and Spain, as part of a previously announced strategic collaboration and long-term offtake contract between the two companies.
Through this collaboration, Elmet and EQR have leveraged their respective experience and expertise in mining, minerals processing, and downstream tungsten manufacturing for the mutual benefit of both parties, and have been working to further develop and enhance the global tungsten supply chain.
In 2024, Elmet executed a mutually renewable five-year offtake agreement with EQR for tungsten concentrate from its Saloro mine in Barruecopardo, Spain. Under the agreement, Elmet committed to purchase tungsten concentrate with an estimated value of A$30 million (at current market prices) over a five-year period and secured the offtake allocation through an advance payment of A$2 million.
To further cement their relationship, Elmet agreed to take an ownership interest in EQR and has now exercised its option to purchase an additional 20 million ordinary shares bringing its total holdings to 23,652,634 ordinary shares.
“This investment marks an important milestone as we strengthen our relationship with EQR and further solidify our commitment to supporting sustainable and resilient supply chains for critical raw materials,” said Company CEO Peter V. Anania. “Over the last two years, we have witnessed an increased focus on the critical material supply chain, particularly in defense applications, which is why we sought out this strategic collaboration with the one of the fastest growing Western tungsten mining groups. We look forward to continuing our strategic collaboration as well as exploring additional opportunistic investments to bolster our long-term competitive positioning.”
About The Elmet Group
The Elmet Group is a U.S.-based provider of precision-engineered components and advanced high-energy systems for the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries. The Company operates through two divisions, Critical Materials Components (CMC) and Engineered Microwave Products (EMP), leveraging materials science and precision engineering expertise to deliver high-performance solutions. The Elmet Group is dedicated to strengthening domestic manufacturing capabilities to support the U.S. and its allies’ needs in both critical materials and advanced high-power microwave systems.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding future performance, expected outcomes, and strategic initiatives. Forward-looking statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. When used in this press release, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that may affect results include the Company’s ability to benefit from its investment in and relationship with EQR to the extent expected, to a lesser degree, or at all, the Company’s ability to improve its critical materials supply chain, the results of any possible future opportunistic investments on the Company’s competitive positioning, as well as those factors discussed in The Elmet Group Co.’s registration statement on Form S-1 (File No. 294725), as amended, and subsequent filings The Elmet Group Co. makes with the U.S. Securities and Exchange Commission. The Elmet Group Co. undertakes no obligation to update these statements except as required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
SK Telecom (NYSE: SKM - Get Free Report) and MTN Group (OTCMKTS:MTNOY - Get Free Report) are both large-cap computer and technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their risk, analyst recommendations, valuation, institutional ownership, profitability, earnings and dividends. Volatility and Risk SK Telecom
SEOUL, South Korea--(BUSINESS WIRE)-- #AIInfrastructure--Rebellions, SK Telecom, and Arm collaborate to build sovereign AI inference infrastructure combining RebelCard™ and Arm AGI CPU.
AI and data center momentum powered a sharp rally across tech and infrastructure names, with several stocks posting outsized weekly gains.
Short squeezes, major AI deals, and hyperscaler demand drove the surge, highlighting strong investor appetite for next-gen computing plays.
These ten large-cap stocks were top performers last week. Are they a part of your portfolio?
Avis Budget Group, Inc. (NASDAQ:CAR) jumped 51.15% in the last week following an overheated short squeeze run that pushed the stock into record territory.
Astera Labs, Inc. (NASDAQ:ALAB) gained 27.6% this week.
TTM Technologies, Inc. (NASDAQ:TTMI) soared 25.08% this week.
Amkor Technology, Inc. (NASDAQ:AMKR) increased 19.98% this week.
Intel Corporation (NASDAQ:INTC) increased 22.42% this week after the company posted on social media that it is set to join the Terafab project.
SK Telecom Co., Ltd. (NYSE:SKM) soared 21.04% this week.
Bloom Energy Corporation (NYSE:BE) gained 21.18% this week. Susquehanna analyst Biju Perincheril maintains a Positive rating on the stock.
Market News and Data brought to you by Benzinga APIs
SEOUL, South Korea, April 29, 2026 /PRNewswire/ -- On April 29, 2026, SK Telecom Co., Ltd. filed its Annual Report on Form 20-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission. The 2025 Annual Report on Form 20-F can be viewed on www.sktelecom.com, as well as from the website of the U.S. Securities and Exchange Commission at www.sec.gov. Printed copies of SK Telecom's complete audited financial statements (including footnotes) as of and for the year ended December 31, 2025 can be requested, free of charge, by written request to [email protected].
I stick with a 'Buy' rating for SK Telecom following my assessment of its financial performance and re-rating triggers. SKM's 1Q2026 operating profit represented a 4.7% beat over consensus. This is attributable to up-selling, portfolio reshaping, and AI-driven growth in data center operations. SKM is getting closer to realizing the full-year dividend restoration and Anthropic stake monetization catalysts in my view.
On May 12, 2026, SK Telecom Co Ltd (SKM) shares rose 3.2% to a current price of $39.07. This price is within a 52-week range of $19.66 to $40.49, reflecting an
On June 01, 2026, SK Telecom Co Ltd (SKM) shares rose 19.0%, bringing the current price to $44.43. The stock has experienced significant price changes in the pa
Nvidia Strengthens AI Supply Chain With SK Hynix PartnershipThe chip giant announced a multi-year technology partnership with memory maker SK Hynix, reinforcing access to high-bandwidth memory, or HBM, a key component powering advanced AI systems.
Speaking after meeting SK Group Chairman Chey Tae-won, Nvidia CEO Jensen Huang highlighted the importance of the relationship.
"SK Hynix has been Nvidia’s largest memory partner. SK Hynix will continue to be Nvidia’s largest memory partner," Huang said, Reuters reported.
Huang added that Nvidia already buys "billions and billions of dollars each year" worth of products from SK Hynix and expects that spending to increase significantly.
The agreement comes as memory suppliers race to keep pace with soaring AI demand, and as Nvidia expands beyond GPUs into robotics, AI PCs and supercomputing.
AI Data Centers Become The Next BattlegroundSK Telecom (NYSE:SKM) said it plans to build a gigawatt-scale AI cloud infrastructure platform using Nvidia technology, with its first AI data center expected to launch in 2027.
Meanwhile, internet giant Naver and industrial conglomerate Doosan said they would use Nvidia technology to support AI data center expansion and industrial AI applications.
Doosan also expects its energy solutions and robotics initiatives to integrate with Nvidia's physical AI technologies.
Jensen Huang Brushes Off Chip Market FearsWhen asked about the semiconductor selloff, Huang dismissed concerns, the report noted.
"Everybody should be very excited; they can now buy stock at a cheaper price," he said, adding that "the future of AI is very bright."
Price Action: Shares of Nvidia closed Friday down 6.2% at $205.10 and declined another 0.52% to $204.04 in after-hours trading, according to Benzinga Pro.
Benzinga Edge Stock Rankings place NVDA in the 98th percentile for Growth, highlighting its strong performance across short, medium and long-term periods.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: FotoField on Shutterstock.com
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I rate Cerebras Systems a Buy with a $239 price target, reflecting 32% upside from $182. The core of my thesis is that the market is still trying to decide what Cerebras really is. My growth model is driven by OpenAI deployment, AWS distribution, hardware expansion, base business growth, margin normalization, and interest income from the company's cash balance.
Space Exploration Technologies (SPCX 1.02%), or SpaceX as most know the company, recently became the largest IPO in history. But investors may not realize just how little of the company is currently trading on the market. SpaceX sold 555.6 million shares to public investors, which sounds like a lot, but it's not. That's only about 4% of the total company.
Major investors, employees, and insiders own the rest. That includes CEO Elon Musk, who owns approximately 42% of the company through a combination of more than 4.8 billion shares and stock options. However, Musk is bound to an extended lockup provision that prevents him from selling any of his shares until June of next year, or 366 days after the IPO.
Here's a look at how these provisions might affect SpaceX stock between now and then.
Image source: The Motley Fool.
SpaceX structured its lockup window to minimize volatility Musk and his companies have an enormous following, especially among individual investors. SpaceX tried to account for this when it planned out its lockup periods. Lockups prevent insiders and major investors from dumping shares on the market once a company goes public. Typical lockups expire after 180 days, but SpaceX has staggered its lockups to minimize volatility in its share price.
There are multiple lockups, not including the extended lockup Musk is subject to.
Investors can sell up to 20% of their stock shortly following SpaceX's second-quarter earnings report, its first since the IPO. Another 28% unlocks following the company's third-quarter earnings report. Investors might be able to sell more, based on how the stock is trading at the time.
Additionally, shares will steadily unlock in 7% increments, regardless of share price, on days 70, 90, 105, 120, and 135 after the IPO. Any remaining shares, excluding the extended lockup, unlock at the traditional 180 days.
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Musk's eventual lockup expiration could weigh on an expensive stock The important point here is that the number of shares available for trading will increase significantly over the next six months. Although it's unlikely that Musk will dump his stake next year, even trimming it to monetize some of his fortune could continue to push lots of new shares into the market a year after the IPO, after a ton of stock has already flooded the market. That could weigh on the share price without sufficient demand to absorb all those additional shares.
It's not the only factor. SpaceX went public amid a ton of hype and excitement, which drove the stock's valuation to pretty lofty heights. The stock still trades at over 100 times its 2025 revenue of $18.6 billion. In other words, there's a ton of room for shares to fall if sentiment turns south. It's a risk worth considering when deciding whether to buy the stock.
After its blockbuster IPO, SpaceX (SPCX 0.78%) is now one of the largest money-losing businesses the world has ever seen.
According to SpaceX's IPO prospectus, the company lost $4.94 billion on $18.7 billion in revenue. Data for the first quarter of 2026 suggests that losses are accelerating. So far in 2026, the company has lost $4.28 billion on $4.7 billion in revenue. Scaled up to an entire year, the company is on track to lose around $17 billion on roughly $19 billion in sales.
Net losses, it seems, are accelerating even faster than revenue growth. Keep in mind, however, that the company did eke out a $756 million profit in 2024 off $14 billion in sales.
Why are expenses outpacing sales? One key culprit is to blame.
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This is why SpaceX is losing billions of dollars Morgan Stanley analysts predict SpaceX will generate $3.4 trillion in revenue by 2040. Goldman Sachs, meanwhile, sees SpaceX's revenue surpassing $300 billion by 2030.
Note that both firms were underwriters for SpaceX's IPO and thus may have internal incentives to sell the promise of SpaceX's growth potential. But understanding where all of this growth is expected to stem from reveals why SpaceX is currently posting large and growing net losses.
Image source: Getty Images
Diving into SpaceX's IPO prospectus, investors should quickly realize that the company is not primarily a rocket stock or a satellite stock, even though both of those categories are critical to its long-term growth potential. In reality, SpaceX is a bona fide AI stock.
"We believe we have identified the largest actionable total addressable market in human history," the company claims. "We estimate that our quantifiable TAM is $28.5 trillion." Less than 10% of that total opportunity, however, deals with Starlink internet satellites or rocket development. Nearly all of it deals with a single opportunity: AI.
The growth potential of AI is why SpaceX is spending so heavily on growing that segment, even though it generated just $3.2 billion in revenue last year.
Spending for SpaceX's AI segment is extreme. The company acquired Anysphere, for example -- the start-up behind Cursor, an AI coding assistant -- in a $60 billion deal. And first-quarter capital expenditures this year reached $10.1 billion, with AI accounting for $7.7 billion of that sum.
This pace of spending isn't expected to abate anytime soon.
"Developing, training, and providing inference for frontier AI models requires substantial and growing capital expenditures, including investments in specialized computing hardware, data center infrastructure, energy procurement, and technical personnel, and we expect these costs to continue to increase for the foreseeable future," SpaceX's IPO prospectus admits. "In addition, we plan to allocate substantial capital to build our AI compute infrastructure, and we expect a multiyear investment horizon before these deployments translate into sustained positive AI segment adjusted EBITDA."
To be clear, SpaceX's Connectivity segment -- which includes its Starlink internet service -- appears to generate impressive positive gross margins with equally impressive top-line growth. Its rocket division, meanwhile, is arguably the most advanced the world has ever seen, with a key role in enabling other long-term growth opportunities such as orbital data centers and a human colony on the moon.
But make no mistake: SpaceX's future will hinge on the success or failure of its AI division. It's this division that is responsible for SpaceX's mounting losses, even though those losses are largely a result of heavy investment designed to scale that segment as fast as possible.
Market conditions, therefore, will prove key to SpaceX's future. The company will need to return to capital markets again and again to raise fresh funds to support its growth build-out and plug its financial losses. Growth may occur as expected should markets remain strong. But if capital grows scarce, the entire SpaceX story grows far more uncertain.
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Meta CTO Andrew Bosworth shared new details about a data leak from its AI training program. Bloomberg/Getty Images Meta CTO Andrew Bosworth shed new light on the data leak that made the company pause its unpopular Model Capability Initiative.
In an interview with The Atlantic CEO Nicholas Thompson, released on Wednesday, Bosworth spoke about why Meta paused the AI training program that involved tracking employee keystrokes. The interview was filmed in late June.
Bosworth said that data generated by the training program was "quite secure," with only a small number of people having access, but it had been erroneously moved by one of Meta's researchers.
"One of the researchers who was working downstream with that data—and there was no breach here— but had put it in a place it wasn't supposed to go," the executive told Thompson.
The employee data, in a transformed state, had "landed someplace that it shouldn't have landed internally," he said, adding that Meta did not suspect foul play.
The company was "locking the whole thing down" until it could get to the bottom of this incident, Bosworth said.
The Model Capability Initiative was introduced in April. It involved installing software on the majority of Meta's US employees to track their keystrokes and mouse movements to train its AI models. The program — and Meta's instruction that employees couldn't opt out of it — drew major backlash from its workforce.
Bosworth himself said, during an internal meeting, that employee morale in the company was "probably one of the worst it's ever been" in Meta's two-decade history.
However, the program was paused in June after a leak made sensitive employee data accessible to the entire company, according to screenshots seen by Business Insider.
"We have carefully designed this program with privacy safeguards, and while we have no indication at this time that any data was improperly accessed by Meta employees, we're pausing it while we investigate," a Meta spokesperson told Business Insider in June.
In the interview, Bosworth also shared another reason the program had not gone to plan. It was generating a lot of the same data, he said, when ideally, the company should have gotten more varied data that could be used to train its AI.
"Variance is far more important than a high volume of the same thing that gets collapsed into one example, basically," he said to Thompson.
"So that was why, a couple of weeks after we initially launched it, we added expanded opt-outs for people who didn't want to do it," he said. "A pause, infinite pause. Whenever you don't want to have it, just press pause."
Representatives for Meta declined to provide further comment in response to a query from Business Insider.
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Aditi Bharade You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Evropské i americké akciové futures naznačují pozitivní začátek obchodování navzdory pokračující eskalaci mezi USA a Íránem, která podporuje ceny ropy a zvyšuje očekávání dalšího zpřísnění měnové politiky Fedu.
Článek se odemkne 09.07.2026 9:44
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Společnosti Kofola a Invest Gate uspěly ve výběrovém řízení na převzetí firmy Bohemia Healing Marienbad Waters, pod kterou spadají tradiční značky minerálních a léčivých vod Bílinská kyselka, Zaječická hořká, Rudolfův pramen či Excelsior. Transakce přichází po více než roce trvajícím insolvenčním řízení, během něhož firmě kvůli vysokému zadlužení a problémům se splácením závazků hrozil zánik.
Společnosti Kofola a Invest Gate zvítězily ve výběrovém řízení na prodej firmy Bohemia Healing Marienbad Waters (BHMW), která stáčí tradiční minerální a léčivé vody Bílinská kyselka, Zaječická hořká, Rudolfův pramen či Excelsior. ČTK o tom dnes informovala mluvčí Kofoly Jana Ptačinská Jirátová. Kvůli neschopnosti plnit své závazky, včetně splacení dluhopisů, hrozil zánik značek.
Od června loňského roku trvá insolvenční řízení. Dokončení transakce podléhá schválení věřitelského výboru a insolvenčního soudu. Věřitelský výbor už prodej schválil. Úplné vypořádání se očekává ve 3. čtvrtletí tohoto roku, poté přejde BHMW do rukou Kofoly a Invest Gate, uvedla mluvčí. Krizový manažer Libor Duba nedávno ČTK řekl, že firma je v dobré ekonomické kondici. V Bílině pracuje ve dvou směnách 22 zaměstnanců, v Mariánských Lázních dalších šest.
Insolvenční správce Jaroslav Brož uvedl, že angažování krizového manažera Duby se ukázalo jako dobré rozhodnutí. "Potvrdilo se, že i v konkurzu lze provozovat závod s kladným hospodářským výsledkem a že insolvence nemusí znamenat konec provozu závodu, ale smysluplné rychlé a efektivní řešení úpadku," uvedl insolvenční správce. Příprava prodeje mohla začít až po březnovém rozhodnutí Vrchního soudu v Praze, který potvrdil prohlášení konkurzu na majetek dlužníka. V dubnu Krajský soud v Plzni stanovil podmínky prodeje, které byly splněny. "Dnešním dnem, tj. ve středu 8. července, byla uzavřena smlouva na prodej závodu Bohemia Healing Marienbad Waters," uvedl insolvenční správce.
Kofola má zkušenosti s některými tradičními nápojářskými značkami. "Bílinská kyselka je významným lázeňským pramenem z přírodního léčivého zdroje, na jehož záchraně se budeme velice rádi podílet," uvedl Daniel Buryš, ředitel Kofoly v Česku a na Slovensku. "Od samotného počátku jsme deklarovali, že naším hlavním cílem je nalézt řešení, které povede k co nejvyššímu možnému uspokojení věřitelů a současně zachová budoucnost této výjimečné společnosti a jejích tradičních značek," uvedl za budoucí spolumajitele Kristian Bašta, zakladatel společnosti Invest Gate. Dodal, že po celou dobu obě společnosti usilovaly o to, aby věřitelé získali maximum, které objektivně umožňuje skutečný ekonomický stav společnosti. "Tento závazek je pro nás určující i dnes," uvedl Bašta.
Společnost BHMW je po několika letech podle Duby konečně v zisku. "Podařilo se nám firmu stabilizovat, drobně roste," řekl v polovině června ČTK. Uvedl, že nový vlastník získá podnik zbavený většiny dluhů, které byly podle Duby v řádech vyšších stovek milionů korun.
Bílinskou kyselku s historií dlouhou přes 350 let pijí lidé při překyselení žaludku, pálení žáhy nebo na zlepšení látkové výměny.
GE Aerospace (NYSE:GE) will release its second quarter earnings report before the opening bell on Thursday, July 16.
Analysts expect the Evendale, Ohio-based company to report quarterly earnings of $1.86 per share, up from $1.66 per share in the year-ago period. The consensus estimate for GE Aerospace’s quarterly revenue is $11.82 billion. It reported $10.15 billion last year, according to Benzinga Pro.
On June 25, GE Aerospace declared a 47 cents per share dividend.
Shares of GE Aerospace fell 3% to close at $356.03 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying GE stock? Here’s what analysts think:
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American Express is embracing stablecoin technology to enhance its legacy card business. Blockchain-based instant settlement reduces overhead and streamlines payment processing for AXP. Targeting wealthier spenders, AXP aims to innovate rather than risk disruption from fintech advances.
, /PRNewswire/ -- An agreement announced today by John Deere, the Federal Trade Commission, and five states ensures farmers and ranchers will have access to the diagnostic and repair tools that help them and independent service technicians maintain and repair their current and future John Deere equipment.
"This is good news for our customers and for the future of how Deere equipment is supported," said Denver Caldwell, vice president of aftermarket and customer support. "Producers and equipment operators demand flexible and world class capabilities enabling the maintenance and repair of their machines; we are and will continue to deliver on that expectation."
This agreement reinforces Deere's continued innovation toward more flexible repair options, emphasizing increased access and transparency for customers. It formalizes Deere's ongoing commitment to expanding access to diagnostic and repair tools—helping customers and independent service providers maintain and repair equipment with greater choice and control—while providing the FTC and states with the ability to verify that Deere is meeting this commitment now and into the future.
"We've said from the beginning that our focus is on helping customers keep their machines running when and how they need them," said Caldwell. "This agreement bolsters that commitment, and we're confident it will make a real difference for the people who depend on our equipment every day. We share the Administration's and the states' desire to put farmers first while preserving Deere's ability to support American agricultural productivity, equipment safety and innovation."
The agreement brings to a close the matter filed by the FTC and states in early 2025 and allows the company to move forward with a continued focus on supporting its customers. Recent settlements and related agreements in this space have similarly emphasized increased access and transparency for customers, reinforcing Deere's continued innovation toward more flexible repair options.
John Deere will continue to invest in tools, technology, and services that give customers more ways to care for their equipment, whether they choose to do the work themselves or through a repair provider they trust. The company remains committed to delivering reliable equipment, strong dealer support, and practical solutions that help customers stay productive in the field.
About John Deere:
Deere & Company (www.JohnDeere.com) is a global leader in the delivery of agricultural, construction, and forestry equipment. We help our customers push the boundaries of what's possible in ways that are more productive and sustainable to help life leap forward. Our technology-enabled products including John Deere Autonomous 8R Tractor, See & Spray™, and E-Power Backhoe are just some of the ways we help meet the world's increasing need for food, shelter, and infrastructure. Deere & Company also provides financial services through John Deere Financial. For more information on Deere & Company, visit us at www.deere.com/en/news/.
DENVER--(BUSINESS WIRE)--CoreSite, an American Tower company (NYSE: AMT) empowering critical business and AI workloads that impact everyday life through interconnected data center solutions, today released its 2026 State of the Data Center Report, which examines how enterprise IT strategies are evolving as organizations enter a new phase of hybrid infrastructure management. The seventh edition of the report shows that hybrid IT has become the standard operating model for enterprises – but that.
LOS ANGELES, July 07, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against First Solar, Inc. (“First Solar” or “the Company”) (NASDAQ: FSLR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between February 26, 2025 and February 24, 2026, inclusive (the “Class Period”), are encouraged to contact the firm before August 24, 2026.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. First Solar misled investors about its ability to mitigate the impact of tariffs on its operations. The Company overstated its ability to shift operations to the United States from Malaysia and Vietnam. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about First Solar, investors suffered damages.
Join the case to recover your losses
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335 [email protected]
Micron Technology (MU +1.24%) put up more staggering results in its fiscal 2026 third quarter, fueled by the surging demand for its artificial intelligence memory chips.
In the period, which ended May 28, Micron generated $41.5 billion in revenue, a 74% increase from the previous quarter and a 346% year-over-year increase. Earnings were equally staggering, with net income up 105% from the previous quarter and up 205% year over year to $28.2 billion. These results shattered analysts' consensus estimates.
The chipmaker also issued guidance for its fiscal Q4 that blew analysts' estimates out of the water. The company expects $50 billion in revenue, up 20% from fiscal Q3, and earnings of $30.73 per share, up 25% from the last quarter. Analysts were expecting $42.5 billion in revenue for the current fiscal quarter.
The driver of all this growth, of course, is the tech sector's insatiable demand for Micron's high bandwidth memory, or HBM chips, which are used in data center servers to store the massive amounts of information required for AI workloads.
Image source: Getty Images.
Micron has not only sold out all of the HBM chips it will be able to manufacture for the rest of 2026, but has also presold its complete production capacity through 2027. And on the fiscal Q3 earnings call, CEO Sanjay Mehrotra said he expects "tight conditions to persist beyond calendar 2027 as a result of AI-driven demand across all segments coupled with structural supply constraints."
Pricing power The combination of wild demand and constrained supply across the memory sector has provided Micron with significant pricing power. Across its cloud memory, data center, and mobile businesses, it has been able to raise prices significantly.
In cloud memory, revenue was up 78% sequentially, and gross margins jumped by 9 percentage points to 83%. Data center revenue rose 103% sequentially, driven by higher pricing and a favorable product mix. Gross margins soared by 12 percentage points to 87%. And in mobile, revenue climbed 49% from the previous quarter, with gross margins rising 9 percentage points to 87%.
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Further, Micron inked what it is calling strategic customer agreements (SCAs) with 16 of its customers. These SCAs will transform its business model, creating contracts with three- and five-year terms, and pricing bands for each client. They are designed to improve cash flow and margins, and increase the company's financial stability.
By the end of the term of those agreements, management believes that at least half of the company's revenue will be locked in under these SCAs.
Micron stock is already up 229% this year, and there are no signs of its business slowing down. The company is benefiting from a large backlog, massive demand for its products, pricing power, and a memory supercycle that is expected to run through at least 2028.
Even after the stock's huge gains, Micron is still a value, thanks to its incredible earnings power. It is trading at just 21 times earnings, 6 times 1-year forward earnings, and it has a minuscule five-year PEG ratio of 0.14. For all these reasons, Micron Technology remains a no-brainer buy right now.
Intuit has declined 58% since my last coverage, despite a 13% benchmark gain. INTU fundamentals have improved, with steady top and bottom line growth and no missed analyst estimates since at least 2025. The stock now trades at approximately 12x forward P/E, presenting an undervalued opportunity.
Taco Bell is expanding the use of artificial intelligence (AI) at drive-thrus and announced a new strategic partnership with an AI voice provider.
The fast food giant on Tuesday announced the expansion of a partnership with Omilia, a provider of a voice AI platform that the restaurant chain has deployed at hundreds of drive-thru locations around the country since 2023.
Taco Bell has deployed the Omilia voice AI capabilities at over 890 restaurants across 38 states to date, according to the announcement.
TACO BELL SHOWS OFF AI 'COACH' FOLLOWING MASSIVE DIGITAL TECH INVESTMENT
Taco Bell is expanding its partnership with Omilia, which currently provides a voice AI platform for hundreds of its drive-thrus. (Jeffrey Greenberg/Universal Images Group via Getty Images)
"Omilia's Voice AI gives us the ability to ease team members' workloads and provides them the flexibility to engage with customers in more meaningful ways," said Dane Mathews, global chief digital and technology at Taco Bell.
"Omilia's platform has proven itself at scale in select U.S. restaurants, and continuing this strategic partnership supports our long-term digital and tech strategy," Mathews added.
YUM BRANDS SELLS PIZZA HUT FOR $2.7B, SHARPENS FOCUS ON TACO BELL AND KFC
Taco Bell said that workers at restaurants with drive-thrus using the voice AI platform reported greater worker retention. (John Tlumacki/The Boston Globe via Getty Images)
The Omilia platform helps automate the ordering process when a customer pulls up to a drive-thru speaker and is capable of adapting to an individual location's menu, real-time stocking levels, as well as limited-time offers that are available, which can make the ordering process more consistent and efficient for customers.
Dimitris Vassos, CEO and co-founder of Omilia, said that the "drive-thru environment is one of the most demanding – real-time, noisy, fast-paced, with menus that change by store and by day."
The company said that general-purpose speech recognition platforms tend to struggle with various challenges fast food drive-thrus pose, ranging from road noise and regional accents, to potentially complicated order modifications and the fast pace of drive-thru service.
THE STORY OF TACO BELL: HOW FORMER MARINE CREATED FAST-FOOD CHAIN WITH MEXICAN-INSPIRED MENU
Ticker Security Last Change Change % YUM YUM! BRANDS INC. 165.25 -2.24 -1.34% Omilia's features, including noise filtering and real-time menu adaptation, were designed to address those challenges, according to the company.
The announcement said that Taco Bell's data found the transaction time in the drive-thru using voice AI is on par with, and in some cases faster than, traditional ordering methods.
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Additionally, Taco Bell locations using voice AI reported higher employee retention compared with those where it hasn't been deployed, which the company said will help improve the guest experience.
NEW YORK, July 08, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for June 2026, as well as quarterly volumes, estimated revenue capture, number of listings, and index statistics for the quarter ended June 30, 2026, on its Investor Relations website.
A data sheet showing this information can be found at: https://ir.nasdaq.com/financials/volume-statistics.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the infrastructure of the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying advanced technology, data, and intelligence solutions that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Media Relations Contact:
David Lurie
+1.914.538.0533 [email protected]
Investor Relations Contact:
Ato Garrett
+1.212.401.8737 [email protected]
Asijské akcie oscilují kolem nuly, když jsou obavy z obnoveného napětí na Blízkém východě vyvažovány optimismem ohledně obchodu s umělou inteligencí.
Index MSCI Asia Pacific přidává mírných 0,10 %, přičemž mezi hlavní tahouny indexu patří akcie SK Hynix (+3 %) a Kioxia Holdings (+8,9 %). Japonský technologický Nikkei 225 roste o 1,7 %, zatímco Jihokorejský Kospi klesá o 0,6 %, a to poté, co ve středu vstoupil do medvědího trhu.
Cena ropy Brent dále prodlužuje svůj růst poté, co USA druhý den po sobě zasáhly cíle v Íránu, což vyvolává obavy o globální dodávky energie a představuje novou zátěž zejména pro asijské ekonomiky, které jsou převážně dovozci ropy.
Akcie v Hongkongu a pevninské Číně se obchodují smíšeně poté, co nová data ukázala, že spotřebitelské ceny ve druhé největší světové ekonomice rostly pomaleji, než se očekávalo. Červnový CPI vzrostl o 1,0 %, přičemž tržní konsenzus počítal s 1,1 %.
Pozornost investorů se rovněž přesouvá k nadcházejícímu americkému IPO SK Hynix. Nabídka jihokorejského výrobce paměťových čipů je již více než sedmkrát přeupsána, jak potvrzují lidé obeznámení s danou záležitostí. Cena emise by měla být stanovena již dnes ve čtvrtek, přičemž akcie mají začít obchodovat na burze v pátek.
Japonský Nikkei 225 +1,91 % na 68092,44 b.
Hongkongský Hang Seng -0,83 % na 23999,19 b.
Čínský Shanghai Composite +0,87 % na 4005,328 b.
Jihokorejský Kospi +0,6 % na 7290,11 b.
Australský S&P/ASX 200 -0,26 % na 8762,5 b.
