THE 10 KG 99.99% PURE GOLD THE DANCE SCREEN (THE SCREAM TOO), A ONE-OF-A-KIND COIN FROM THE ROYAL CANADIAN MINT, SURPASSES $1.5 MILLION AT HEFFEL AUCTIONCORPUS CHRISTI, Texas (AP) — Garry Clark scored 15 points as Texas A&M-Corpus Christi beat Prairie View A&M 109-74 on Saturday night. Clark also contributed five rebounds for the Islanders (5-3). Dian Wright-Forde shot 5 of 6 from the field and 3 of 4 from the free-throw line to add 14 points. Jordan Roberts shot 4 of 6 from the field, including 2 for 4 from 3-point range, and went 4 for 5 from the line to finish with 14 points. The Panthers (1-6) were led in scoring by Tanahj Pettway, who finished with 21 points and six rebounds. Nick Anderson added 15 points and two steals for Prairie View A&M. Marcel Bryant had 14 points and 10 rebounds. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar . For copyright information, check with the distributor of this item, Data Skrive.
Wheel of Fortune contestants regularly whiff their bonus puzzles, but the winner of Monday, December 2’s episode was in for a particularly heartbreaking spin. Her additional letter choices added ZERO letters to a tricky puzzle, which was even more shocking since she had the advantage of a Wild Card wedge. The tough break involved Kelsey Sowders, a mom of three and steak/wine savant from Tomball, Texas. After an astounding performance, she proceeded to the coveted bonus round, having racked up $40,398 in cash, a prize trip to Japan, and the elusive Wild Card. This meant she got to pick five additional letters instead of four, which often spells success. Selecting “What are You Doing?” as her category, with the off-side support of her eldest son Grant and husband, Sowders joined Ryan Seacrest center stage. She landed on the star portion of the wheel, and the host assured, “Perhaps it’s good luck.” “I hope so,” Sowders said. The two-word puzzle read as “_EE_N_’ ‘_ _ S_,’ and she chose an additional “MFDA,” and H.” However, Vanna White didn’t move an inch as the letter choices were useless, making the puzzle very difficult. “Oh no!” Sowders exclaimed in disappointment. She went through the five stages of grief, staring in disbelief, blowing a raspberry in frustration, and recollecting herself. Seacrest wished her the best, “You’re doing great so far tonight.” But the cruel twist of fate left Sowder unable to solve the puzzle under the 10-second timer, which ended up being “KEEPING BUSY.” She was close, even able to get the first word, but nowhere near the second. “Oh no!” Sowders exclaimed once more as the full puzzle was displayed. Then, cutting back to the contestant and Seacrest, the second dagger came. The host revealed from his prize card contained $75,000 and she hid her face from it. “I don’t want to see that,” she said as Seacrest winced at the camera. “Don’t worry,” the host told her as she emotionally recovered and told him, “That’s okay.” The game show shared the big miss on YouTube, where fans expressed their shock and empathized with the player’s reaction. “That was a tough one. I didn’t get it either. Props to her for getting the first word right, but that second word was tricky as hell. I’m glad she’s not walking away empty-handed, though. She still won up until that point and nobody can take that from her,” one fan wrote. “Impossible without the right letter choices. Been a few of those this season,” wrote another. “If she would have won, she would have won over $100,000 cash without actually landing on the envelope! That’s really disappointing. Also, the fact that she had 5 letters but didn’t get a single one?! Should I be disappointed or impressed?” asked a third. “Ouch!” wrote a fourth. “You don’t see $75,000 all that often!” Meanwhile , Seacrest had huge shoes to fill replacing the legendary Pat Sajak after four decades for Season 42. His debut month was the strongest ratings month for WoF in the past three years, and viewers were already treated to a viral moment (via a round of sausage) . That said, there have been some questionable host moments according to fans. In September, Seacrest suffered what fans dubbed his “first blooper” , involving a delayed reaction to rewarding a bonus round. Fans also called out the host for ruling against another player before the timer was up. Most controversially, fans recently called out the host for not reminding a player to pick a letter , leading to him losing the game in a misunderstanding and by a mere $147. Another puzzling pattern has emerged, which is that no player has won the bonus round in a full week , many fans blaming the players, not the host. As for Sowders, another contestant recently botched their bonus puzzle in a similar way after choosing poor letters, but in that instance, they didn’t have the boost of the Wild Card wedge. More Headlines:Nico Iamaleava passed for four touchdowns and Dylan Sampson rushed for 77 yards and set a school-record for TDs as No. 11 Tennessee rolled to a 56-0 victory over UTEP on Saturday afternoon in Knoxville, Tenn. Sampson scored on a 14-yard TD run early in the second quarter for the game's first points to deliver his 22nd TD of tje season to break the Tennessee single-season mark set by Gene McEvers in 1929. Iamaleava was 15 of 20 for 173 yards for Tennessee (9-2), while Bru McCoy caught a pair of TD passes and Squirrel White and Ethan Davis each had a TD reception. Tennessee moved its all-time record to 2-0 against the Miners, also having blanked the Conference USA school 24-0 in 2018. Jermod McCoy and John Slaughter had interceptions for the Volunteers, while Dominic Bailey recovered a fumble to set up a score. Skyler Locklear was 10-of-19 passing for 50 yards with an interception for UTEP (2-9), while rushing for 37 yards on eight carries. JP Pickles also had a turn at QB for the Miners and was 10 of 15 for 72 yards. Kenny Odom had eight receptions for 70 yards. Both defenses set the tone in the first quarter. The UTEP defense allowed just one first down to the Southeastern Conference team in three ugly series in the opening quarter and only 22 yards. In the second quarter, Sampson ended a 68-yard drive by dashing up the middle for 14 yards for the record-setting score to take a 7-0 lead with 13:22 remaining before halftime. After Bailey's fumble recovery, Iamaleava flipped a screen pass that White took 9 yards to the end zone nearly six minutes later. Davis put the Volunteers up 21-0 when he grabbed a short pass for a 1-yard TD. Iamaleava then found Bru McCoy from 18 yards with eight seconds left in the second quarter for a 28-0 halftime lead. McCoy caught his second TD and Peyton Lewis rushed for a pair for a 49-0 lead in the third quarter, but the biggest roar from Volunteers fans came when it was announced Florida beat No. 9 Ole Miss 24-17, to enhance the Volunteers' College Football Playoff hopes. Cameron Seldon's 3-yard run capped the scoring as the Volunteers finished the season undefeated at home for the second time in four years. --Field Level MediaThe Electoral Commission has been made aware of a fake Fine Gael account on social media platform Bluesky, as a number of parties confirmed they were the targets of fake accounts. Several parties previously said that fake party accounts were being proliferated on Bluesky, including for Fianna Fáil, Fine Gael, the Social Democrats, and Aontú. On Wednesday, several fake Bluesky accounts appear to have been suspended by the social media firm, including fake accounts for Micheál Martin, Simon Harris, the Social Democrats, and Aontú. Others, including those for Fine Gael and Fianna Fáil, were deleted entirely. Bluesky, which started as a research initiative within Twitter in 2019, is a social media website similar to X, with users able to share short posts, photos, and videos. It has become more popular in recent weeks, with millions of users joining the platform in the wake of the US presidential election. On Wednesday, Fine Gael alleged that members of Ógra Shinn Féin were involved in the setting up of such fake accounts, with a statement on the since deleted Fine Gael Bluesky alleging Ógra Shinn Féin involvement. However, a Sinn Féin spokesperson strongly rejected any assertions that the party’s youth wing were involved. “This story is a fabrication. No Ógra Shinn Féin members were involved in this,” the spokesperson said. Fine Gael’s Emer Higgins said she hoped that nobody in Sinn Féin was involved, and that senior party figures were not aware. “In this era of increasing misinformation and declining public trust in media, the operation of fake accounts during an election is extremely disconcerting,” Ms Higgins said. A spokesperson for the Electoral Commission confirmed that Fine Gael brought a fake Bluesky account to its attention but said that no formal complaint had been made to the regulator. The commission has a voluntary framework on online electoral process information, political advertising and deceptive AI content that is specific to this general election. The framework has been agreed with a number of social media platforms but Bluesky is not one of these. "We have no formal legislative powers in this area so currently there is no legislative basis for us to deal with complaints," it said. The commission does not have the legal power to order social media platforms to take down misinformation or material that is damaging to the election system.
NEW YORK--(BUSINESS WIRE)--Dec 9, 2024-- Yext, Inc. (NYSE: YEXT), the leading digital presence platform for multi-location brands, today announced its results for the three months ended October 31, 2024, or the Company's third quarter of fiscal year 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241209740722/en/ (Graphic: Yext) For more detailed information on the Company's operating and financial results for the third quarter fiscal 2025, as well as the Company's outlook for its fourth quarter and fiscal year 2025, please reference the Letter to Shareholders on its Investor Relations website at investors.yext.com . “Our fiscal third quarter results demonstrate our continued ability to drive operating efficiencies, make significant margin improvements and generate bottom-line growth,” said Mike Walrath, Yext Chairman and CEO. “We are pleased with our progress in integrating Hearsay Systems and have rolled out enhanced social capabilities to our combined customer base. We are seeing increased interest in our platform in a rapidly evolving environment where fragmented search and generative AI are increasingly top of mind, and we remain confident that our overall top-line growth will accelerate over the long term as we help our customers navigate the complexity of this environment.” Readers are encouraged to review the tables labeled "Reconciliation of GAAP to Non-GAAP Financial Measures" at the end of this release. Conference Call Information Yext will host a conference call today at 5:00 P.M. Eastern Time (2:00 P.M. Pacific Time) to discuss its financial results with the investment community. A live webcast of the call will be available on the Yext Investor Relations website at http://investors.yext.com . To participate in the live call by phone, the dial-in is available domestically at (877) 883-0383 and internationally at (412) 902-6506, passcode 1137113. A replay will be available domestically at (877) 344-7529 or internationally at (412) 317-0088, passcode 8655569, until midnight (ET) December 16, 2024. About Yext Yext (NYSE: YEXT) is the leading digital presence platform for multi-location brands, with thousands of customers worldwide. With one central platform, brands can seamlessly deliver consistent, accurate, and engaging experiences and meaningfully connect with customers anywhere in the digital world. Yext’s AI and machine learning technology powers the knowledge behind every customer engagement, automates workflows at scale, and delivers actionable cross-channel insights that enable data-driven decisions. From SEO and websites to social media and reputation management, Yext enables brands to turn their digital presence into a differentiator. Statement Regarding Forward-Looking Information This release and the related shareholder letter and conference call include forward-looking statements including, but not limited to, statements regarding our revenue, non-GAAP net income (loss), shares outstanding and Adjusted EBITDA for our fourth quarter and full year fiscal 2025 and general expectations beyond that fiscal year; statements regarding the expected effects of our acquisition and integration of Hearsay Social, Inc. ("Hearsay"); and statements regarding our expectations regarding the growth of our company, our market opportunity, product roadmap, sales efficiency efforts, cost saving actions, and our industry as well as the same for our acquisition and integration of Hearsay. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "intend," "potential," "might," "would," "continue," or the negative of these terms or other comparable terminology. Actual events or results may differ from those expressed in these forward-looking statements, and these differences may be material and adverse. We have based the forward-looking statements contained in this release and discussed on the call primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition, results of operations, strategy, short- and long-term business operations, prospects, business strategy and financial needs. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including, but not limited to, our ability to renew and expand subscriptions with existing customers, especially enterprise customers, and attract new customers generally; our ability to successfully expand and compete in new geographies and industry verticals; our ability to integrate Hearsay's business with ours; our ability to retain personnel necessary for the success of our acquisition and integration of Hearsay; the quality of our sales pipeline and our ability to convert leads; our ability to expand and scale our sales force; our ability to expand our service and application provider network; our ability to develop or acquire new product and platform offerings to expand our market opportunity; our ability to release new products and updates that are adopted by our customers; our ability to manage our growth effectively; weakened or changing global economic conditions, downturns, or uncertainty, including higher inflation, higher interest rates, and fluctuations or volatility in capital markets or foreign currency exchange rates; the number of options exercised by our employees and former employees; and the accuracy of the assumptions and estimates underlying our financial projections. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this release. We cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results, events or circumstances could differ materially from those described in the forward-looking statements. All written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by these cautionary statements as well as other cautionary statements that are made from time to time in our SEC filings and public communications, including, without limitation, in the sections titled, “Special Note Regarding Forward Looking Statements” and “Risk Factors” in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which are available at http://investors.yext.com and on the SEC's website at https://www.sec.gov . The forward-looking statements made in this release relate only to events as of the date on which such statements are made. We undertake no obligation to update any forward-looking statements after the date hereof or to conform such statements to actual results or revised expectations, except as required by law. Non-GAAP Measurements In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles ("GAAP"), this release and the accompanying tables include non-GAAP net income (loss), non-GAAP net income (loss) per share, and non-GAAP net income (loss) as a percentage of revenue, which are referred to as non-GAAP financial measures. These non-GAAP financial measures are not calculated in accordance with GAAP as they have been adjusted to exclude the effects of stock-based compensation expenses, acquisition-related costs, and amortization of acquired intangibles. Acquisition-related costs include transaction and related costs, subsequent fair value movements in contingent consideration, and compensation arrangements. Non-GAAP net income (loss) as a percentage of revenue is calculated by dividing the applicable non-GAAP financial measure by revenue. Non-GAAP net income (loss) per share is defined as non-GAAP net income (loss) on a per share basis. We define non-GAAP net income (loss) per share, basic, as non-GAAP net income (loss) divided by weighted average shares outstanding and non-GAAP net income (loss) per share, diluted, as non-GAAP net income (loss) divided by weighted average diluted shares outstanding, which includes the potentially dilutive effect of the company’s employee equity incentive awards. In addition, beginning in fiscal 2025, we are utilizing a projected tax rate of 25% in our computation of the non-GAAP income tax provision. Our estimated tax rate on non-GAAP income is determined annually and may be adjusted during the year to take into account events or trends that we believe materially impact the estimated annual rate including, but not limited to, significant changes resulting from tax legislation, material changes in the geographic mix of revenue and expenses and other significant events. Our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities. We believe these non-GAAP financial measures provide investors and other users of our financial information consistency and comparability with our past financial performance and facilitate period-to-period comparisons of our results of operations. With respect to non-GAAP net income (loss) as a percentage of revenue, we believe this non-GAAP financial measure is useful in evaluating our profitability relative to the amount of revenue generated, excluding the impact of stock-based compensation expense, acquisition-related costs, and amortization of acquired intangibles. We also believe non-GAAP financial measures are useful in evaluating our operating performance compared to that of other companies in our industry, as these metrics eliminate the effects of stock-based compensation and certain acquisition-related costs, which may vary for reasons unrelated to overall operating performance. We also discuss Adjusted EBITDA and Adjusted EBITDA margin, non-GAAP financial measures that we believe offer a useful view of overall operations used to assess the performance of core business operations and for planning purposes. We define Adjusted EBITDA as GAAP net income (loss) before (1) interest income (expense), net, (2) benefit from (provision for) income taxes, (3) depreciation and amortization, (4) other income (expense), net, (5) stock-based compensation expense, and (6) acquisition-related costs. The most directly comparable GAAP financial measure to Adjusted EBITDA is GAAP net income (loss). Users should consider the limitations of using Adjusted EBITDA, including the fact that this measure does not provide a complete measure of our operating performance. Adjusted EBITDA is not intended to purport to be an alternate to GAAP net income (loss) as a measure of operating performance. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenue. Beginning with the three months ended July 31, 2024, we revised our definitions of Non-GAAP net income (loss) and Adjusted EBITDA to adjust for the effects of certain acquisition-related costs prompted by our recent acquisition of Hearsay. We believe these changes provide investors with a view of continuing core operations without the effects of unusual activity specific to acquisition-related accounting. These adjustments do not omit or adjust for the inclusion of ongoing operations of acquisitions. We have recast our results on the same basis for the prior comparative periods presented, although the effects in those periods remain unchanged, as no such acquisition-related activity had occurred. We use these non-GAAP financial measures in conjunction with traditional GAAP measures as part of our overall assessment of our performance, including the preparation of our annual operating budget and quarterly forecasts, and to evaluate the effectiveness of our business strategies. Our definition may differ from the definitions used by other companies and therefore comparability may be limited. In addition, other companies may not publish these or similar metrics. Thus, our non-GAAP financial measures should be considered in addition to, not as a substitute for, nor superior to or in isolation from, measures prepared in accordance with GAAP. These non-GAAP financial measures may be limited in their usefulness because they do not present the full economic effect of our use of stock-based compensation and certain acquisition-related costs. We compensate for these limitations by providing investors and other users of our financial information a reconciliation of the non-GAAP financial measure to the most closely related GAAP financial measures. However, we have not reconciled the non-GAAP guidance measures (i.e.,"Financial Outlook") to their corresponding GAAP measures because certain reconciling items such as stock-based compensation, certain acquisition-related costs, and the corresponding provision for income taxes depend on factors such as the stock price at the time of award of future grants, and certain purchase accounting adjustments including subsequent measurements, among others, and thus cannot be reasonably predicted. Accordingly, reconciliations to the non-GAAP guidance measures is not available without unreasonable effort. We encourage investors and others to review our financial information in its entirety, not to rely on any single financial measure and to view non-GAAP net income (loss) and non-GAAP net income (loss) per share in conjunction with GAAP net income (loss) and net income (loss) per share. We have not reconciled our forward-looking Adjusted EBITDA to its most directly comparable GAAP financial measure of net income (loss). Information on which this reconciliation would be based on is not available without unreasonable efforts due to the uncertainty and inherent difficulty of predicting within a reasonable range, the timing, occurrence and financial impact of when such items may be recognized. In particular, Adjusted EBITDA excludes certain items including interest income (expense), net, provision for income taxes, depreciation and amortization, other income (expense), net, stock-based compensation expense, and acquisition-related costs. Operating Metrics This release also includes certain operating metrics that we believe are useful in providing additional information in assessing the overall performance of our business. Annual recurring revenue, or ARR, for Direct customers is defined as the annualized recurring amount of all contracts in our enterprise, mid-size and small business customer base as of the last day of the reporting period. The recurring amount of a contract is determined based upon the terms of a contract and is calculated by dividing the amount of a contract by the term of the contract and then annualizing such amount. The calculation assumes no subsequent changes to the existing subscription. Contracts include portions of professional services contracts that are recurring in nature. ARR for Third-party Reseller customers is defined as the annualized recurring amount of all contracts with Third-party Reseller customers as of the last day of the reporting period. The recurring amount of a contract is determined based upon the terms of a contract and is calculated by dividing the amount of a contract by the term of the contract and then annualizing such amount. The calculation assumes no subsequent changes to the existing subscription. The calculation includes the annualized contractual minimum commitment and excludes amounts related to overages above the contractual minimum commitment. Contracts include portions of professional services contracts that are recurring in nature. Total ARR is defined as the annualized recurring amount of all contracts executed as of the last day of the reporting period. The recurring amount of a contract is determined based upon the terms of a contract and is calculated by dividing the amount of a contract by the term of the contract and then annualizing such amount. The calculation assumes no subsequent changes to the existing subscription, and where relevant, includes the annualized contractual minimum commitment and excludes amounts related to overages above the contractual minimum commitment. Contracts include portions of professional services contracts that are recurring in nature. ARR is independent of historical revenue, unearned revenue, remaining performance obligations or any other GAAP financial measure over any period. It should be considered in addition to, not as a substitute for, nor superior to or in isolation from, these measures and other measures prepared in accordance with GAAP. We believe ARR-based metrics provides insight into the performance of our recurring revenue business model while mitigating fluctuations in billing and contract terms. Dollar-based net retention rate is a metric we use to assess our ability to retain our customers and expand the ARR they generate for us. We calculate dollar-based net retention rate by first determining the ARR generated 12 months prior to the end of the current period for a cohort of customers who had active contracts at that time. We then calculate ARR from the same cohort of customers at the end of the current period, which includes customer expansion, contraction and churn. The current period ARR is then divided by the prior period ARR to arrive at our dollar-based net retention rate. Any ARR obtained through merger and acquisition transactions does not affect the dollar-based net retention rate until one year from the date on which the transaction closed. The cohorts of customers that we present dollar-based net retention rate for include direct, third-party reseller, and total customers. Direct customers include enterprise, mid-size and small business customers. YEXT, INC. Condensed Consolidated Balance Sheets (In thousands, except share and per share data) (Unaudited) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 100,484 $ 210,184 Restricted cash, current 11,671 — Accounts receivable, net of allowances of $1,468 and $1,013, respectively 57,778 108,198 Prepaid expenses and other current assets 17,353 14,849 Costs to obtain revenue contracts, current 21,447 26,680 Total current assets 208,733 359,911 Property and equipment, net 42,246 48,542 Operating lease right-of-use assets 70,124 75,989 Restricted cash, non-current 5,850 — Costs to obtain revenue contracts, non-current 11,649 16,710 Goodwill 105,020 4,478 Intangible assets, net 87,986 168 Other long term assets 8,735 3,012 Total assets $ 540,343 $ 508,810 Liabilities and stockholders’ equity Current liabilities: Accounts payable, accrued expenses and other current liabilities $ 62,111 $ 38,766 Unearned revenue, current 160,855 212,210 Operating lease liabilities, current 18,380 16,798 Total current liabilities 241,346 267,774 Operating lease liabilities, non-current 80,293 89,562 Contingent consideration, non-current 40,107 — Other long term liabilities 18,635 4,300 Total liabilities 380,381 361,636 Commitments and contingencies Stockholders’ equity: Preferred stock, $0.001 par value per share; 50,000,000 shares authorized at October 31, 2024 and January 31, 2024; zero shares issued and outstanding at October 31, 2024 and January 31, 2024 — — Common stock, $0.001 par value per share; 500,000,000 shares authorized at October 31, 2024 and January 31, 2024; 152,424,199 and 148,197,347 shares issued at October 31, 2024 and January 31, 2024, respectively; 128,010,487 and 124,867,093 shares outstanding at October 31, 2024 and January 31, 2024, respectively 152 148 Additional paid-in capital 983,358 942,622 Accumulated other comprehensive loss (4,501 ) (4,183 ) Accumulated deficit (699,845 ) (679,172 ) Treasury stock, at cost (119,202 ) (112,241 ) Total stockholders’ equity 159,962 147,174 Total liabilities and stockholders’ equity $ 540,343 $ 508,810 YEXT, INC. Condensed Consolidated Statements of Operations and Comprehensive Loss (In thousands, except share and per share data) (Unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Revenue $ 113,989 $ 101,164 $ 307,866 $ 303,215 Cost of revenue 26,247 22,066 70,086 65,809 Gross profit 87,742 79,098 237,780 237,406 Operating expenses: Sales and marketing 43,667 45,355 128,878 136,942 Research and development 21,070 18,291 56,709 53,934 General and administrative 33,373 17,233 75,553 53,774 Total operating expenses 98,110 80,879 261,140 244,650 Loss from operations (10,368 ) (1,781 ) (23,360 ) (7,244 ) Interest income 823 1,922 5,578 5,296 Interest expense (222 ) (173 ) (738 ) (334 ) Other expense, net (55 ) (70 ) (397 ) (687 ) Loss from operations before income taxes (9,822 ) (102 ) (18,917 ) (2,969 ) Provision for income taxes (2,977 ) (366 ) (1,756 ) (1,348 ) Net loss $ (12,799 ) $ (468 ) $ (20,673 ) $ (4,317 ) Net loss per share attributable to common stockholders, basic and diluted $ (0.10 ) $ — $ (0.16 ) $ (0.03 ) Weighted-average number of shares used in computing net loss per share attributable to common stockholders, basic and diluted 128,036,993 124,239,180 126,668,394 123,962,358 Other comprehensive (loss) income: Foreign currency translation adjustment $ (144 ) $ (876 ) $ (324 ) $ (722 ) Unrealized gain on marketable securities, net 2 16 6 4 Total comprehensive loss $ (12,941 ) $ (1,328 ) $ (20,991 ) $ (5,035 ) YEXT, INC. Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited) Nine months ended October 31, 2024 2023 Operating activities: Net loss $ (20,673 ) $ (4,317 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization expense 12,101 12,625 Bad debt expense 1,017 589 Stock-based compensation expense 37,091 34,335 Amortization of operating lease right-of-use assets 6,471 6,739 Adjustments to contingent consideration 607 — Other, net (751 ) 351 Changes in operating assets and liabilities, net of assets acquired and liabilities assumed in a business acquisition: Accounts receivable 55,285 57,251 Prepaid expenses and other current assets (74 ) (2,738 ) Costs to obtain revenue contracts 10,476 9,054 Other long term assets 256 542 Accounts payable, accrued expenses and other current liabilities 7,181 (9,175 ) Unearned revenue (89,117 ) (78,434 ) Operating lease liabilities (8,312 ) (8,892 ) Other long term liabilities 307 207 Net cash provided by operating activities 11,865 18,137 Investing activities: Capital expenditures (1,769 ) (2,320 ) Cash paid in acquisition, net of cash acquired (89,407 ) — Net cash used in investing activities (91,176 ) (2,320 ) Financing activities: Proceeds from exercise of stock options 1,137 8,770 Repurchase of common stock (6,760 ) (23,086 ) Payments for taxes related to net share settlement of stock-based compensation awards (9,031 ) (10,718 ) Payments of deferred financing costs (777 ) (394 ) Proceeds, net from employee stock purchase plan withholdings 2,218 2,546 Net cash used in financing activities (13,213 ) (22,882 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash 345 (993 ) Net decrease in cash, cash equivalents and restricted cash (92,179 ) (8,058 ) Cash, cash equivalents and restricted cash at beginning of period 210,184 190,214 Cash, cash equivalents and restricted cash at end of period $ 118,005 $ 182,156 Supplemental reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets: Nine months ended October 31, (in thousands) 2024 2023 Cash and cash equivalents $ 100,484 $ 182,156 Restricted cash, current and non-current 17,521 — Total cash, cash equivalents and restricted cash $ 118,005 $ 182,156 YEXT, INC. Reconciliations of GAAP to Non-GAAP Financial Measures (In thousands) (Unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 GAAP net loss to Adjusted EBITDA: GAAP net loss $ (12,799 ) $ (468 ) $ (20,673 ) $ (4,317 ) Interest (income) expense, net (601 ) (1,749 ) (4,840 ) (4,962 ) Provision for income taxes 2,977 366 1,756 1,348 Depreciation and amortization 6,287 3,537 12,101 12,625 Other expense (income), net 55 70 397 687 Stock-based compensation expense 12,693 11,758 37,091 34,335 Acquisition-related costs 14,482 — 16,650 — Adjusted EBITDA $ 23,094 $ 13,514 $ 42,482 $ 39,716 GAAP net loss as a percentage of revenue (11.2 )% (0.5 )% (6.7 )% (1.4 )% Adjusted EBITDA margin 20.3 % 13.4 % 13.8 % 13.1 % __________________ Note: Numbers rounded for presentation purposes and may not sum. YEXT, INC. Reconciliation of GAAP to Non-GAAP Financial Measures (In thousands, except share and per share data) (Unaudited) Three months ended October 31, 2024 2023 GAAP net loss $ (12,799 ) $ (468 ) Plus: Stock-based compensation expense 12,693 11,758 Plus: Acquisition-related costs 14,482 — Plus: Amortization of acquired intangibles 3,465 — Less: Tax adjustment (1) (2,226 ) — Non-GAAP net income $ 15,615 $ 11,290 GAAP net loss as a percentage of revenue (11.2 )% (0.5 )% Non-GAAP net income as a percentage of revenue 13.7 % 11.2 % GAAP net loss per share attributable to common stockholders, basic $ (0.10 ) $ — Non-GAAP net income per share attributable to common stockholders, basic $ 0.12 $ 0.09 GAAP net loss per share attributable to common stockholders, diluted $ (0.10 ) $ — Non-GAAP net income per share attributable to common stockholders, diluted $ 0.12 $ 0.09 Weighted-average number of shares used in computing GAAP net loss per share attributable to common stockholders Basic 128,036,993 124,239,180 Diluted 128,036,993 124,239,180 Weighted-average number of shares used in computing non-GAAP net income per share attributable to common stockholders Basic 128,036,993 124,239,180 Diluted 130,351,066 126,733,610 (1) Beginning in fiscal 2025, we are utilizing a projected tax rate of 25% in our computation of the non-GAAP income tax provision. Our estimated tax rate on non-GAAP income is determined annually and may be adjusted during the year to take into account events or trends that we believe materially impact the estimated annual rate including, but not limited to, significant changes resulting from tax legislation, material changes in the geographic mix of revenue and expenses and other significant events. Our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities. ____________________ Note: Numbers rounded for presentation purposes and may not sum. YEXT, INC. Reconciliation of GAAP to Non-GAAP Financial Measures (In thousands, except share and per share data) (Unaudited) Nine months ended October 31, 2024 2023 GAAP net loss $ (20,673 ) $ (4,317 ) Plus: Stock-based compensation expense 37,091 34,335 Plus: Acquisition-related costs 16,650 — Plus: Amortization of acquired intangibles 3,465 — Less: Tax adjustment (1) (7,816 ) — Non-GAAP net income $ 28,717 $ 30,018 GAAP net loss as a percentage of revenue (6.7 )% (1.4 )% Non-GAAP net income as a percentage of revenue 9.3 % 9.9 % GAAP net loss per share attributable to common stockholders, basic $ (0.16 ) $ (0.03 ) Non-GAAP net income per share attributable to common stockholders, basic $ 0.23 $ 0.24 GAAP net loss per share attributable to common stockholders, diluted $ (0.16 ) $ (0.03 ) Non-GAAP net income per share attributable to common stockholders, diluted $ 0.22 $ 0.23 Weighted-average number of shares used in computing GAAP net loss per share attributable to common stockholders Basic 126,668,394 123,962,358 Diluted 126,668,394 123,962,358 Weighted-average number of shares used in computing non-GAAP net income per share attributable to common stockholders Basic 126,668,394 123,962,358 Diluted 127,976,060 127,808,283 (1) Beginning in fiscal 2025, we are utilizing a projected tax rate of 25% in our computation of the non-GAAP income tax provision. Our estimated tax rate on non-GAAP income is determined annually and may be adjusted during the year to take into account events or trends that we believe materially impact the estimated annual rate including, but not limited to, significant changes resulting from tax legislation, material changes in the geographic mix of revenue and expenses and other significant events. Our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities. ____________________ Note: Numbers rounded for presentation purposes and may not sum. YEXT, INC. Supplemental Information (In thousands) (Unaudited) October 31, Variance 2024 2023 Dollars Percent Annual Recurring Revenue Direct Customers $ 374,502 $ 326,625 $ 47,877 15 % Third-Party Reseller Customers 67,293 70,201 (2,908 ) (4 )% Total Annual Recurring Revenue $ 441,795 $ 396,826 $ 44,969 11 % Oct. 31, 2024 Jul. 31, 2024 Apr. 30, 2024 Jan. 31, 2024 Oct. 31, 2023 Annual Recurring Revenue Trend Direct Customers $ 374,502 $ 313,392 $ 312,060 $ 315,594 $ 326,625 Third-Party Reseller Customers 67,293 68,361 70,528 71,784 70,201 Total Annual Recurring Revenue $ 441,795 $ 381,753 $ 382,588 $ 387,378 $ 396,826 Oct. 31, 2024 Jul. 31, 2024 Apr. 30, 2024 Jan. 31, 2024 Oct. 31, 2023 Dollar-Based Net Retention Rate Direct Customers 91% 91% 91% 91% 97% Third-Party Reseller Customers 93% 94% 94% 95% 95% Total Customers 91% 91% 91% 92% 96% Note: Numbers rounded for presentation purposes and may not sum. View source version on businesswire.com : https://www.businesswire.com/news/home/20241209740722/en/ CONTACT: Investor Relations: IR@yext.comPublic Relations: PR@yext.com KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY MARKETING ADVERTISING COMMUNICATIONS SOFTWARE INTERNET DIGITAL MARKETING SEARCH ENGINE OPTIMIZATION SEARCH ENGINE MARKETING ARTIFICIAL INTELLIGENCE SOURCE: Yext, Inc. Copyright Business Wire 2024. PUB: 12/09/2024 04:05 PM/DISC: 12/09/2024 04:05 PM http://www.businesswire.com/news/home/20241209740722/enConstituencies that elected Reform UK candidates blighted by poor roads, report finds
Percentages: FG .449, FT .667. 3-Point Goals: 5-10, .500 (Benjamin 2-5, Martinez 1-1, N.Krass 1-1, Harrison 1-2, Miles 0-1). Team Rebounds: 2. Team Turnovers: 3. Blocked Shots: 2 (Benjamin, Mpaka). Turnovers: 11 (Harrison 4, Benjamin 2, Martinez 2, N.Krass 2, Miles). Steals: 5 (Harrison 3, Miles 2). Technical Fouls: None. Percentages: FG .320, FT .750. 3-Point Goals: 9-28, .321 (Aranguren 4-10, Robinson 2-4, Gadsden 1-1, Farmer 1-2, Sanders 1-6, Davis 0-5). Team Rebounds: 0. Team Turnovers: None. Blocked Shots: 7 (Sunday 3, Aranguren, Davis, Graham, Sanders). Turnovers: 9 (Davis 4, Sunday 2, Aranguren, Farmer, Sanders). Steals: 5 (Aranguren 3, Davis 2). Technical Fouls: None. A_362 (4,000).The 12th Governing Council of the Lagos State Polytechnic (LASPOTECH) has been officially dissolved at its exit meeting held on Monday, December 10, 2024 at its Isolo Campus. The exit meeting was held to terminate the existence of the council for the polytechnic and pave way for the new University Governing Council. New Telegraph reports that the dissolution of the Polytechnic Governing Council was necessary since the institution has metamorphosed into a university. In 2022, the Lagos State Polytechnic (LASPOTECH), Ikorodu, and two other higher institutions – Adeniran Ogunsanya College of Education ((AOCOED), Ijanikin, Lagos; and Michael Otedola College of Primary Education (MOCPED), Noforija, Epe, Lagos formally assumed their new status as universities following the signing into law, the bills seeking conversion of the three institutions to universities by Governor Babajide Sanwo-Olu. LASPOTECH was established in 1977 through a retroactive Lagos State Edict No. 1 of 1978 as a College of Science and Technology with the mission thrust that is vocational. However, it was immediately merged with the Lagos State School of Agriculture in Ikorodu in August of 1978. A decade after, which is in 1988, its nomenclature was changed to Lagos State Polytechnic. To some extent, the polytechnic had undergone some transition in its development. At the beginning, with about five departments, namely, Accountancy and Finance, Management and Business Studies, Insurance, Secretarial Studies and Basic Studies and offer of GCE ‘A’ Level courses in the Arts and Sciences, it has now over 56 programmes which include Accountancy, Agricultural Engineering/Technology, Agricultural Technology, Architectural Technology, Arts And Design, Banking And Finance, Building Technology, Business Administration & Management, Chemical Engineering Technology, Civil Engineering Technology, Computer Engineering, Computer Science, Electrical/Electronic Engineering Technology, Estate Management and Valuation, Fisheries Technology, Food Technology, Horticultural Technology, Hospitality Management, Insurance, Leisure and Tourism Management, Marketing, Mass Communication, Mechanical Engineering Technology, Mechatronics Engineering Technology, Office Technology And Management, Quantity Surveying, Science Laboratory Technology, Statistics, and Urban And Regional Planning among others. LASPOTECH has one more year to closed down and allow the new LASUTECH to assume its full status across the three campuses. Speaking at its exit meeting on Monday, the Chairman of the defunct LASPOTECH Governing Council, Prof. Rasheed Kola Ojikutu, noted that the council has to cease to exist since the institution has been transformed into a university. While appreciating the members of the council, Ojikutu stated that the council recorded a huge success due to the cooperation of the members. He boasted that he was able to steer the wheel of the council because of his contentment, integrity and humbleness. The council chairman said he detests people flaunting their power and using it at will. “I hate people using their power anyhow. Don’t use your power at will, it should be the last resort,” he said. He, therefore, appreciated all the members of the council for their support and resilience to the end of the tenure. Also speaking, the Poly Rector, Dr. Nurudeen Olaleye, said the council has to be dissolved in order to pave way for the university that has taken over the polytechnic. While appreciating the council for its support over the years, Olaleye said he was very lucky to work with the 12th council, saying it helped him to grow and have seamless tenure as the last rector of the legacy polytechnic. He appreciated the council especially the council chairman for creating conducive environment for him as a rector, saying working with the council chairman gave him the muscle to achieve greatly for the institution. He also appreciated Governor Babajide Sanwo-Olu for his effort to make the institution a best place to work. “We thank Almighty God for the journey so far. It is only by his grace that we are successful. “I will say I’m a very lucky person to have worked with this council. I had the opportunity to learn, unlearn and relearn.” Meanwhile, the LASUSTECH Vice Chancellor, Prof. Olumuyiwa Odusanya, who was represented by the University Registrar, David Ogungbe, appreciated the council especially for the infrastructure it was able to build in the university during the tenure.
WASHINGTON (AP) — President-elect Donald Trump has promised to end birthright citizenship as soon as he gets into office to make good on campaign promises aiming to restrict immigration and redefining what it means to be American. But any efforts to halt the policy would face steep legal hurdles. Birthright citizenship means anyone born in the United States automatically becomes an American citizen. It's been in place for decades and applies to children born to someone in the country illegally or in the U.S. on a tourist or student visa who plans to return to their home country. It's not the practice of every country, and Trump and his supporters have argued that the system is being abused and that there should be tougher standards for becoming an American citizen. But others say this is a right enshrined in the 14th Amendment to the Constitution, it would be extremely difficult to overturn and even if it's possible, it's a bad idea. Here's a look at birthright citizenship, what Trump has said about it and the prospects for ending it: What Trump has said about birthright citizenship During an interview Sunday on NBC’s “Meet the Press” Trump said he “absolutely” planned to halt birthright citizenship once in office. “We’re going to end that because it’s ridiculous,” he said. Trump and other opponents of birthright citizenship have argued that it creates an incentive for people to come to the U.S. illegally or take part in “birth tourism,” in which pregnant women enter the U.S. specifically to give birth so their children can have citizenship before returning to their home countries. “Simply crossing the border and having a child should not entitle anyone to citizenship,” said Eric Ruark, director of research for NumbersUSA, which argues for reducing immigration. The organization supports changes that would require at least one parent to be a permanent legal resident or a U.S. citizen for their children to automatically get citizenship. Others have argued that ending birthright citizenship would profoundly damage the country. “One of our big benefits is that people born here are citizens, are not an illegal underclass. There’s better assimilation and integration of immigrants and their children because of birthright citizenship,” said Alex Nowrasteh, vice president for economic and social policy studies at the pro-immigration Cato Institute. In 2019, the Migration Policy Institute estimated that 5.5 million children under age 18 lived with at least one parent in the country illegally in 2019, representing 7% of the U.S. child population. The vast majority of those children were U.S. citizens. The nonpartisan think tank said during Trump’s campaign for president in 2015 that the number of people in the country illegally would “balloon” if birthright citizenship were repealed, creating “a self-perpetuating class that would be excluded from social membership for generations.” What does the law say? In the aftermath of the Civil War, Congress ratified the 14th Amendment in July 1868. That amendment assured citizenship for all, including Black people. “All persons born or naturalized in the United States and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside,” the 14th Amendment says. “No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States.” But the 14th Amendment didn't always translate to everyone being afforded birthright citizenship. For example, it wasn't until 1924 that Congress finally granted citizenship to all Native Americans born in the U.S. A key case in the history of birthright citizenship came in 1898, when the U.S. Supreme Court ruled that Wong Kim Ark, born in San Francisco to Chinese immigrants, was a U.S. citizen because he was born in the states. The federal government had tried to deny him reentry into the county after a trip abroad on grounds he wasn’t a citizen under the Chinese Exclusion Act. But some have argued that the 1898 case clearly applied to children born of parents who are both legal immigrants to America but that it's less clear whether it applies to children born to parents without legal status or, for example, who come for a short-term like a tourist visa. “That is the leading case on this. In fact, it’s the only case on this,” said Andrew Arthur, a fellow at the Center for Immigration Studies, which supports immigration restrictions. “It’s a lot more of an open legal question than most people think.” Some proponents of immigration restrictions have argued the words “subject to the jurisdiction thereof” in the 14th Amendment allows the U.S. to deny citizenship to babies born to those in the country illegally. Trump himself used that language in his 2023 announcement that he would aim to end birthright citizenship if reelected. So what could Trump do and would it be successful? Trump wasn't clear in his Sunday interview how he aims to end birthright citizenship. Asked how he could get around the 14th Amendment with an executive action, Trump said: “Well, we’re going to have to get it changed. We’ll maybe have to go back to the people. But we have to end it.” Pressed further on whether he'd use an executive order, Trump said “if we can, through executive action." He gave a lot more details in a 2023 post on his campaign website . In it, he said he would issue an executive order the first day of his presidency, making it clear that federal agencies “require that at least one parent be a U.S. citizen or lawful permanent resident for their future children to become automatic U.S. citizens.” Trump wrote that the executive order would make clear that children of people in the U.S. illegally “should not be issued passports, Social Security numbers, or be eligible for certain taxpayer funded welfare benefits.” This would almost certainly end up in litigation. Nowrasteh from the Cato Institute said the law is clear that birthright citizenship can’t be ended by executive order but that Trump may be inclined to take a shot anyway through the courts. “I don’t take his statements very seriously. He has been saying things like this for almost a decade," Nowrasteh said. "He didn’t do anything to further this agenda when he was president before. The law and judges are near uniformly opposed to his legal theory that the children of illegal immigrants born in the United States are not citizens." Trump could steer Congress to pass a law to end birthright citizenship but would still face a legal challenge that it violates the Constitution. __ Associated Press reporter Elliot Spagat in San Diego contributed to this report.
Canada's Trudeau returns home after Trump meeting without assurances that tariffs are off the table
NoneFox News Flash top sports headlines are here. Check out what's clicking on Foxnews.com. The Las Vegas Raiders are big underdogs against the Kansas City Chiefs, and understandably so. The Chiefs have not looked like the traditional NFL power they've been in recent years, but they are 10-1 as the back-to-back reigning Super Bowl champions. The Raiders, meanwhile, are going with Aidan O'Connell at quarterback and are in the hunt for the No. 1 pick in the draft with a 2-9 record, tied for the worst in the league. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM Head coach Andy Reid of the Kansas City Chiefs, left, and head coach Antonio Pierce of the Las Vegas Raiders hug after Kansas City's 27-20 win at Allegiant Stadium Oct. 27, 2024, in Las Vegas. (Candice Ward/Getty Images) With odds not in his favor, Raiders head coach Antonio Pierce was brutally honest about the matchup. "Let’s call a spade a spade — best team in football against the worst team in football," he told reporters Wednesday. "Let’s change the narrative. Let’s go out there and make it a dogfight. Let’s make it ugly, let’s make it scrappy. It’s Black Friday. Let’s create a little chaos and get back to Raider football and have some personality and let it loose." Tom Telesco, left, and Antonio Pierce attend an introductory news conference at the Las Vegas Raiders Headquarters/Intermountain Healthcare Performance Center Jan. 24, 2024, in Henderson, Nev. (Ethan Miller/Getty Images) TOM BRADY SAYS SON TRIED TO ATTEND SUPER BOWL AFTERPARTY THAT FEATURED SNOOP DOGG, 'GIRLS DANCING' The Raiders went 2-0 against the Chiefs last year, including a surprising victory at Arrowhead Christmas Day. That, apparently, was a blessing in disguise for Kansas City, because the Chiefs ran the table after that loss. Earlier this year, the two teams met in Vegas, and the Chiefs returned home with a 27-20 victory. Las Vegas Raiders head coach Antonio Pierce watches from the sideline during the first half against the Kansas City Chiefs Oct. 27, 2024, in Las Vegas. (AP Photo/John Locher) CLICK HERE TO GET THE FOX NEWS APP The Action Network has the Chiefs as 7.5-point favorites. Follow Fox News Digital’s sports coverage on X , and subscribe to the Fox News Sports Huddle newsletter .Three wind projects co-developed with Indigenous partners representing a combined gross capacity of 560 MW Solidifies Innergex's position as the leading independent power producer in British Columbia These projects underscore Innergex's commitment to advancing renewable energy growth in British Columbia , while supporting local and Indigenous communities Innergex acknowledges and values the trust its Indigenous partners have placed in the Corporation by selecting it as their partner Continuous cash flow for 30 years, indexed to inflation LONGUEUIL, QC , Dec. 9, 2024 /CNW/ - Innergex Renewable Energy Inc. INE ("Innergex" or the "Corporation") is proud to announce that three of its wind projects, co-developed with Indigenous partners, have been selected in BC Hydro's most recent Request for Proposals (RFP) for new renewable energy generation. Representing a combined gross capacity of 560 MW, this achievement highlights Innergex's leadership in Canada and in British Columbia, and its expertise in developing renewable energy projects in partnership with Indigenous communities that bring significant economic and environmental benefits to local communities. "We are proud that all three of our projects selected in BC Hydro's RFP are built on strong partnerships with Indigenous communities, and we are looking forward to collaborating closely with BC Hydro and our partners to bring these projects to fruition," said Michel Letellier , President and Chief Executive Officer of Innergex. "Together with our partners, we aim to create projects that not only generate clean energy, but also provide lasting and meaningful benefits to Indigenous communities. This milestone underscores the strength of our development portfolio, our commitment to delivering competitive renewable energy projects, and our dedication to advancing British Columbia's energy transition. Expanding our Canadian wind portfolio through these projects adds incremental diversification benefits and demonstrates our commitment to disciplined growth and creating value for all stakeholders.'' The Selected Projects: K2 Wind Project: The 160 MW K2 Wind Project is situated in the Central Interior of B.C., 33 km west of Peachland / Westbank . This project is a collaboration between Westbank First Nation (51% equity) and Innergex (49%). Nithi Mountain Wind Project: Located in the Bulkley-Nechako region of Northern B.C., the 200 MW Nithi Mountain Wind Project is developed in partnership with Stellat'en First Nation (51% equity) and Innergex (49%). Stewart Creek Wind Project: In partnership with the West Moberly First Nations (51% equity), this 200 MW wind energy project in the Peace Region of Northeastern B.C. is co-developed with Innergex (49%). Scheduled for commercial operations between 2030-2031, the power purchase agreements with BC Hydro (S&P credit rating: AA-) are expected to be structured as a 30-year take-or-pay contract, indexed to a predefined percentage of the Consumer Price Index ("CPI"). The projects are subject to the execution of contracts with BC Hydro and suppliers, and to the successful completion of permit application processes and regulatory requirements. About Innergex Renewable Energy Inc. For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world. Innergex conducts operations in Canada , the United States , France and Chile and manages a large portfolio of high-quality assets currently consisting of interests in 89 operating facilities with an aggregate net installed capacity of 3,377 MW (gross 4,332 MW), including 42 hydroelectric facilities, 35 wind facilities, 9 solar facilities and 3 battery energy storage facilities. Innergex also holds interests in 14 projects under development with a net installed capacity of 991 MW (gross 1,334 MW), 2 of which are under construction, as well as prospective projects at different stages of development with an aggregate gross installed capacity totaling 9,807 MW. Its approach to building shareholder value is to generate sustainable cash flows and provide an attractive risk-adjusted return on invested capital. To learn more, visit innergex.com or connect with us on LinkedIn . Cautionary Statement Regarding Forward-Looking Information To inform readers of the Corporation's future prospects, this press release contains forward-looking information within the meaning of applicable securities laws ("Forward-Looking Information"), including the Corporation's growth targets, power production, prospective projects, successful development, construction and financing (including tax equity funding) of the projects under construction and the advanced-stage prospective projects, sources and impact of funding, project acquisitions, execution of non-recourse project-level financing (including the timing and amount thereof), and strategic, operational and financial benefits and accretion expected to result from such acquisitions, business strategy, future development and growth prospects (including expected growth opportunities under the Strategic Alliance with BC Hydro), business integration, governance, business outlook, objectives, plans and strategic priorities, and other statements that are not historical facts. Forward-Looking Information can generally be identified by the use of words such as "approximately", "may", "will", "could", "believes", "expects", "intends", "should", "would", "plans", "potential", "project", "anticipates", "estimates", "scheduled" or "forecasts", or other comparable terms that state that certain events will or will not occur. It represents the projections and expectations of the Corporation relating to future events or results as of the date of this press release. Forward-Looking Information includes future-oriented financial information or financial outlook within the meaning of securities laws, including information regarding the Corporation's targeted production, the estimated targeted revenues and production tax credits, targeted Revenues and Production Tax Credits Proportionate, targeted Adjusted EBITDA and targeted Adjusted EBITDA Proportionate, targeted Free Cash Flow, targeted Free Cash Flow per Share and intention to pay dividend quarterly, the estimated project size, costs and schedule, including obtainment of permits, start of construction, work conducted and start of commercial operation for Development Projects and Prospective Projects, the Corporation's intent to submit projects under Requests for Proposals, the qualification of U.S. projects for PTCs and ITCs and other statements that are not historical facts. Such information is intended to inform readers of the potential financial impact of expected results, of the expected commissioning of Development Projects, of the potential financial impact of completed and future acquisitions and of the Corporation's ability to pay a dividend and to fund its growth. Such information may not be appropriate for other purposes. Forward-Looking Information is based on certain key assumptions made by the Corporation, including, without restriction, those concerning hydrology, wind regimes and solar irradiance; performance of operating facilities, acquisitions and commissioned projects; availability of capital resources and timely performance by third parties of contractual obligations; favourable economic and financial market conditions; average merchant spot prices consistent with external price curves and internal forecasts; no material changes in the assumed U.S. dollar to Canadian dollar and Euro to Canadian dollar exchange rate; no significant variability in interest rates; the Corporation's success in developing and constructing new facilities; no adverse political and regulatory intervention; successful renewal of PPAs; sufficient human resources to deliver service and execute the capital plan; no significant event occurring outside the ordinary course of business such as a natural disaster, pandemic or other calamity; continued maintenance of information technology infrastructure and no material breach of cybersecurity. For more information on the risks and uncertainties that may cause actual results or performance to be materially different from those expressed, implied or presented by the forward-looking information or on the principal assumptions used to derive this information, please refer to the "Forward-Looking Information" section of the Management's Discussion and Analysis for the three months ended September 30, 2024 . SOURCE Innergex Renewable Energy Inc. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/09/c1805.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Nvidia’s Bold Robotics Strategy: Will They Seize the Future?By REBECCA SANTANA WASHINGTON (AP) — President-elect Donald Trump has promised to end birthright citizenship as soon as he gets into office to make good on campaign promises aiming to restrict immigration and redefining what it means to be American. But any efforts to halt the policy would face steep legal hurdles. Birthright citizenship means anyone born in the United States automatically becomes an American citizen. It’s been in place for decades and applies to children born to someone in the country illegally or in the U.S. on a tourist or student visa who plans to return to their home country. It’s not the practice of every country, and Trump and his supporters have argued that the system is being abused and that there should be tougher standards for becoming an American citizen. But others say this is a right enshrined in the 14th Amendment to the Constitution, it would be extremely difficult to overturn and even if it’s possible, it’s a bad idea. Here’s a look at birthright citizenship, what Trump has said about it and the prospects for ending it: What Trump has said about birthright citizenship During an interview Sunday on NBC’s “Meet the Press” Trump said he “absolutely” planned to halt birthright citizenship once in office. “We’re going to end that because it’s ridiculous,” he said. Trump and other opponents of birthright citizenship have argued that it creates an incentive for people to come to the U.S. illegally or take part in “birth tourism,” in which pregnant women enter the U.S. specifically to give birth so their children can have citizenship before returning to their home countries. “Simply crossing the border and having a child should not entitle anyone to citizenship,” said Eric Ruark, director of research for NumbersUSA, which argues for reducing immigration. The organization supports changes that would require at least one parent to be a permanent legal resident or a U.S. citizen for their children to automatically get citizenship. Others have argued that ending birthright citizenship would profoundly damage the country. “One of our big benefits is that people born here are citizens, are not an illegal underclass. There’s better assimilation and integration of immigrants and their children because of birthright citizenship,” said Alex Nowrasteh, vice president for economic and social policy studies at the pro-immigration Cato Institute. In 2019, the Migration Policy Institute estimated that 5.5 million children under age 18 lived with at least one parent in the country illegally in 2019, representing 7% of the U.S. child population. The vast majority of those children were U.S. citizens. The nonpartisan think tank said during Trump’s campaign for president in 2015 that the number of people in the country illegally would “balloon” if birthright citizenship were repealed, creating “a self-perpetuating class that would be excluded from social membership for generations.” What does the law say? In the aftermath of the Civil War, Congress ratified the 14th Amendment in July 1868. That amendment assured citizenship for all, including Black people. “All persons born or naturalized in the United States and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside,” the 14th Amendment says. “No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States.” But the 14th Amendment didn’t always translate to everyone being afforded birthright citizenship. For example, it wasn’t until 1924 that Congress finally granted citizenship to all Native Americans born in the U.S. A key case in the history of birthright citizenship came in 1898, when the U.S. Supreme Court ruled that Wong Kim Ark, born in San Francisco to Chinese immigrants, was a U.S. citizen because he was born in the states. The federal government had tried to deny him reentry into the county after a trip abroad on grounds he wasn’t a citizen under the Chinese Exclusion Act. But some have argued that the 1898 case clearly applied to children born of parents who are both legal immigrants to America but that it’s less clear whether it applies to children born to parents without legal status or, for example, who come for a short-term like a tourist visa. “That is the leading case on this. In fact, it’s the only case on this,” said Andrew Arthur, a fellow at the Center for Immigration Studies, which supports immigration restrictions. “It’s a lot more of an open legal question than most people think.” Some proponents of immigration restrictions have argued the words “subject to the jurisdiction thereof” in the 14th Amendment allows the U.S. to deny citizenship to babies born to those in the country illegally. Trump himself used that language in his 2023 announcement that he would aim to end birthright citizenship if reelected. So what could Trump do and would it be successful? Trump wasn’t clear in his Sunday interview how he aims to end birthright citizenship. Asked how he could get around the 14th Amendment with an executive action, Trump said: “Well, we’re going to have to get it changed. We’ll maybe have to go back to the people. But we have to end it.” Pressed further on whether he’d use an executive order, Trump said “if we can, through executive action.” He gave a lot more details in a 2023 post on his campaign website . In it, he said he would issue an executive order the first day of his presidency, making it clear that federal agencies “require that at least one parent be a U.S. citizen or lawful permanent resident for their future children to become automatic U.S. citizens.” Related Articles National Politics | Trump has flip-flopped on abortion policy. His appointees may offer clues to what happens next National Politics | In promising to shake up Washington, Trump is in a class of his own National Politics | Election Day has long passed. In some states, legislatures are working to undermine the results National Politics | Trump attorney Alina Habba, a Lehigh University grad, to serve as counselor to the president National Politics | Trump isn’t back in office but he’s already pushing his agenda and negotiating with world leaders Trump wrote that the executive order would make clear that children of people in the U.S. illegally “should not be issued passports, Social Security numbers, or be eligible for certain taxpayer funded welfare benefits.” This would almost certainly end up in litigation. Nowrasteh from the Cato Institute said the law is clear that birthright citizenship can’t be ended by executive order but that Trump may be inclined to take a shot anyway through the courts. “I don’t take his statements very seriously. He has been saying things like this for almost a decade,” Nowrasteh said. “He didn’t do anything to further this agenda when he was president before. The law and judges are near uniformly opposed to his legal theory that the children of illegal immigrants born in the United States are not citizens.” Trump could steer Congress to pass a law to end birthright citizenship but would still face a legal challenge that it violates the Constitution. Associated Press reporter Elliot Spagat in San Diego contributed to this report.None
“ Gladiator II ” breakout star Fred Hechinger is weighing in co-star Denzel Washington ‘s cut gay kiss scene in the film . Hechinger, who plays Emperor Caracalla alongside his onscreen twin Joseph Quinn as Emperor Geta, told IndieWire that the cut kiss between Denzel Washington’s character Macrinus and another man was not with either of the dual emperors. “If I had a peck with him, they would have kept it in the movie,” Hechinger told IndieWire during a recent interview. During the “Gladiator II” Los Angeles premiere, Washington clarified that the so-called controversy about the kiss is irrelevant. “It really is much ado about nothing,” Washington said. “They’re making more of it than it was. I kissed him on his hands, I gave him a peck, and I killed him.” Washington previously explained that the production was too “chicken” to include the overtly queer scene. “Nickel Boys” actor Hechinger credited his “Gladiator II” co-star Washington for always keeping each take dynamic and fresh on set. “Every single day, Denzel will surprise you. That’s part of why he’s one of our greatest actors,” Hechinger said. And when working with animals, like Hechinger’s onscreen pet-slash-sidekick Donda, Washington’s ability to improvise proved invaluable. “There’s a scene two-thirds of the way into the movie. It’s me, Denzel, and my character’s monkey, and the monkey is, as monkeys do, moving around as she wants,” Hechinger said. “She jumps from my shoulder to his and that was not something that was planned. That was completely impulsive on [monkey star] Cherry’s part. And to me, it’s like she took the entire subtext of the scene and brought it out. It’s very brilliant.” He continued, “Denzel is the kind of great actor who immediately makes something of that. He immediately takes all that in and uses it for the next part of the scene. And when I was watching that, I was like, ‘It’s just Cherry’s text work.'” Hechinger, who replaced Barry Keoghan after the actor was originally cast in the role before exiting to film Emerald Fennell’s “Saltburn” in summer 2022, also confirmed that he was not bitten at all during production, despite conflicting past reports. “I arrived early in the pre-production process in part so I could train with my monkey,” Hechinger said. “There’s four monkeys and they’re all siblings. Cherry is the oldest sister. They’re in Spain. That’s where they’re raised and they live with Mikel, who’s this beautiful trainer that works with them. He helped me learn how to work with them.” The two younger brother monkeys were originally supposed to share the role of Donda. Yet Cherry, the oldest sister, was the one that was “the most comfortable and wanted to do it,” according to Hechinger. “I mean, as much as I guess a monkey can want to do a production. But she was like the most relaxed and she really does have like big sister energy.” Hechinger also began pre-production early in part to transform into the pale, sickly Emperor Caracalla. But there were no Geoffrey from “Game of Thrones” references for the look: “I’ve never seen ‘Game of Thrones,’ I have a confession,” Hechinger admitted. Instead, he found some tonal inspiration in Robert Pattinson’s performance as a French ruler in “The King.” “I thought Robert Pattinson was so brilliant in ‘The King.’ I think he’s quite comical in it,” Hechinger said. “I wouldn’t say I ever like rewatched it or something, but at one point early on, I was moved and inspired by what he had put down there.” Hechinger’s collaboration with “Gladiator II” auteur Ridley Scott is also a long time coming. “I had auditioned for Ridley earlier in my career, and I didn’t know that it reached him. I thought everyone was just being like polite and kind,” Hechinger said, while staying mum on what the project was. While the feature didn’t get made, he added, “I don’t want to blow up his life if [Scott] still wants to make it.” Hechinger said, “I guess he had seen [the audition] and was thinking of me, in a way [after Keoghan exited]. So that meant a lot.” “Gladiator II” is now in theaters. “Nickel Boys” will hit theaters in Los Angeles and New York City on Friday, December 13 with a wide release to follow on Wednesday, December 25.ASUNCION, Paraguay (AP) — Gaston Martirena and Adrian Martinez scored first-half goals as Argentina’s Racing won its first Copa Sudamericana championship by beating Brazil’s Cruzeiro 3-1 in the final on Saturday. Martirena opened the scoring in the 15th minute and Martinez added a goal five minutes later to give “La Academia” its first international title since 1988 when it won the now defunct Supercopa Sudamericana. “Maravilla” Martinez scored 10 goals in 13 matches and finished as the top scorer in the competition. “We suffered until the last minute, but to be able to win a cup after so many years is a blessing,” Martinez said. “It’s historic, it was a long time without being able to raise an international cup, we have a poor year in the league, but we were able to give the fans this satisfaction.” Roger Martinez sealed the victory with a goal in the 90th. Kaio Jorge scored in the 52nd for Cruzeiro. Racing, a team based in the city of Avellaneda, took the lead when Martirena, a Uruguayan right-back, sent in what appeared to be a cross from the right but the looping ball went over Cruzeiro goalkeeper Cassio and into the far corner of the net. RELATED COVERAGE Ronaldo’s Al-Nassr eyes Asian glory amid revitalised Saudi Pro League campaign 10-man Barcelona concedes two late goals in draw at Celta Vigo Diego Simeone chokes up when speaking about his love for Atletico and his future Martinez doubled the lead with a shot from five meters. The game was played in Estadio General Pablo Rojas in Asuncion, Paraguay, where most of the 45,000 fans were supporting Racing. Copa Sudamericana is the second most prestigious club competition in South America behind the Copa Libertadores, and its first edition was in 2002. Racing is the first Argentinian team to win the competition since 2020 when Defensa y Justicia beat Lanus. The last two competitions were won by Ecuadorian teams. Brazilian teams Atletico Mineiro and Botafogo will play next weekend in the Copa Libertadores final in Buenos Aires, Argentina. ___ AP soccer: https://apnews.com/hub/soccer
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