Q1 2025

NuRAN Wireless (NRRWF) achieved its first positive EBITDA in Q1 2025, as highlighted in a corporate update video featuring key executives. The company is currently negotiating potential debt restructuring to improve financial terms and seeking additional operating funds. While the positive EBITDA marks a significant milestone, the need for further funding and debt restructuring suggests ongoing financial considerations.

BioNTech’s Q1 2025 revenue was €182.8 million, with a net loss of €415.8 million. The company is focusing on its oncology pipeline, including BNT327 and mRNA cancer immunotherapies. It’s also preparing for a variant-adapted COVID-19 vaccine for the 2025/2026 season and confirmed its full-year 2025 financial guidance.

Meituan’s annual shareholder meeting, led by CEO Wang Xing, was a structured affair with executives primarily reading prepared scripts. Questions covered topics like competition, flash sales, tech advancements, and overseas expansion. Shareholders expressed frustration, leading to a smaller discussion. Despite this, Meituan reported strong Q1 2025 results, with significant revenue and profit growth across its core local commerce and new initiatives segments, driven by robust delivery and online marketing services.

Duluth Trading Company reported Q1 2025 results, with net sales of $102.7 million and a net loss of $15.3 million. New leadership is focused on streamlining operations and optimizing costs. Initiatives include brand focus and product portfolio review. The company reaffirms its 2025 financial guidance.

The NAND flash market faced a tough Q1 2025, with a 15% ASP drop and 7% shipment decline due to inventory pressure and weak demand. The top five suppliers’ combined revenue fell nearly 24%. Samsung led, but revenue decreased by 25%. Micron rose to third despite ASP drops. Despite the downturn, a rebound of about 10% in sequential revenue is anticipated in Q2.

IMPACT Silver reported a strong Q1 2025, with revenue doubling to $10.7 million, driven by Plomosas mine production and favorable prices. The company achieved positive EBITDA of $1.0 million and narrowed its net loss. Increased ore processing and silver production were also highlights. The company plans a $5 million equity financing and focuses on expanding zinc and gold production.

JOYY Inc. reported strong Q1 2025 results, showcasing revenue of $494.4 million. Non-livestreaming revenue surged 25.3% year-over-year, representing 24.9% of total revenue. Significant growth was observed in both GAAP and non-GAAP operating profit, with operational efficiency reflected in operating margins. The company also returned value to shareholders through dividends and share repurchases, and is focusing on diversification through core livestreaming and the expanding BIGO Ads platform.