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Cytokinetics director Wendall Wierenga sells $37,100 in stockOilers give injury update on Hyman ahead of Vegas game - Daily HiveSAN JOSE, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase through the data infrastructure market, today reported financial results for the second quarter of fiscal year 2025, ended November 2, 2024. Second Quarter of Fiscal Year 2025 Financial Highlights Bill Brennan, Credo's President and Chief Executive Officer, stated, "In the fiscal second quarter ended November 2, 2024 Credo generated record revenue of $72.0 million, up 21% sequentially and 64% year over year. The second quarter was our most successful to date across our three main product lines and Credo delivered total product revenue of $69.1 million. For the past few quarters, we have anticipated an inflection point in our revenues during the second half of fiscal 2025. I am pleased to share that this turning point has arrived, and we are experiencing even greater demand than initially projected, driven by AI deployments and deepening customer relationships.” Third Quarter of Fiscal 2025 Financial Outlook Credo will conduct a conference call on Monday, December 2, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the second quarter of fiscal year 2025, ended November 2, 2024. Interested parties may join the conference call by registering online at https://register.vevent.com/register/BI87c69953bb554b49af7cc32591eee82a. After registering, a confirmation will be sent through email, including dial-in details and a unique conference call code for entry. It is recommended that participants register and dial in for the call at least 10 minutes before the start of the call. A live webcast of the conference call will be available on Credo's Investor Relations website at http://investors.credosemi.com. A replay of the webcast will be available via the web at http://investors.credosemi.com. Discussion of Non-GAAP Financial Measures This press release contains references to the non-GAAP financial measures of non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP operating income (loss) margin, non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. Reconciliation of these non-GAAP measures to their comparable GAAP measures is included below. This non-GAAP information should not be construed as an alternative to the reported results determined in accordance with GAAP. The non-GAAP financial measures that Credo presents may not be comparable to similarly titled measures of other companies and other companies may not calculate such measures in the same manner as we do. Non-GAAP financial measures exclude the effect of share-based compensation expenses, asset impairment and related charges (if applicable), and the related tax effect adjustment to the provision for income taxes. Credo uses a full-year non-GAAP tax rate to compute the non-GAAP tax provision. This full-year non-GAAP tax rate is based on Credo's annual GAAP income, adjusted to exclude non-GAAP items, as well as the effects of significant non-recurring and period-specific tax items which vary in size and frequency. Credo's non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate, such as tax law changes, significant changes in Credo's geographic mix of revenue and expenses or changes to Credo's corporate structure. GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted average shares outstanding when there is a GAAP net income. Non-GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a non-GAAP net loss, and calculated using non-GAAP diluted weighted average shares outstanding when there is a non-GAAP net income. Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of share-based compensation expenses expected to be incurred in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method. Credo believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Credo's financial condition and results of operations. While Credo uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Credo does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Credo believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. Externally, management believes that investors may find Credo's non-GAAP financial measures useful in their assessment of Credo's operating performance and the valuation of Credo. Internally, Credo's non-GAAP financial measures are used in the following areas: Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to, any statements regarding: launches of new or expansion of existing products or services; technology developments and innovation; our plans, strategies or objectives with respect to future operations; financial outlook; future financial results; expectations regarding the markets and industries in which Credo conducts business; and assumptions underlying any of the foregoing. Words such as "anticipates,” "expects,” "intends,” "plans,” "projects,” "believes,” "seeks,” "estimates,” "can,” "may,” "will,” "would,” "outlook,” "forecast,” "targets” and similar expressions, or their negatives, may identify such forward-looking statements. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that may cause actual events or results to differ materially from those described in this press release. Readers are encouraged to review risk factors and all other disclosures appearing in Credo's Annual Report on Form 10-K as filed with the Securities and Exchange Commission (SEC) on June 24, 2024, as well as Credo's other filings with the SEC, for further information on risks and uncertainties that could affect Credo's business, financial condition and results of operation. Copies of these filings are available from the SEC, Credo's website or Credo's investor relations department. Forward-looking statements speak only as of the date they are made. Credo assumes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein. About Credo Our mission is to deliver high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Our innovations ease system bandwidth bottlenecks while simultaneously improving on power, security and reliability. Our connectivity solutions are optimized for optical and electrical Ethernet applications, including the 100G (or Gigabits per second), 200G, 400G, 800G and emerging 1.6T (or Terabits per second) port markets. Our products are based on our proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include integrated circuits (ICs), Active Electrical Cables (AECs) and SerDes Chiplets. Our intellectual property (IP) solutions consist primarily of SerDes IP licensing. Investor Relations Contact: Dan O'Neil [email protected] Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share amounts) 2024 2024 2023 2024 2023
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Heart Valve Repair & Replacement Devices Market to Grow by USD 2.58 Billion (2024-2028), Innovation and Competition Boosting Revenue, AI Impact on Market Trends - TechnavioNoneSeven new big-name brands joined the popular shopping complex in 2024, including the likes of Nike, Primark, Ninja Warrior, and PureGym. Major construction work has been happening across the park throughout the year, not only for new stores in 2024 but for upcoming brands soon to arrive in the new year. Catherine Furlong, centre director at Teesside Park, told The Northern Echo this week: "What a year 2024 has been for us", "Seven new brands have joined the Teesside Park family as well as the new golf concept in Hollywood Bowl. "We have delivered some amazing community initiatives including our Bright Lights and Young Readers programmes which have supported more than 200 local young people with both employment and education. "There's been so much positive feedback from our visitors and we're super excited about lots more to come next year!" So as the year comes to a close, we've rounded up all the changes at Teesside Park this year, and what shoppers can expect in 2025. Nike Unite Sportswear giant Nike was the first to open its new store at Teesside Park in 2024, taking over the former New Look in February. Nike at Teesside Park (Image: Teesside Park) Nike Unite is a newer concept rolled out by the chain, which aims to better represent the community its branch is located in. Stocking a variety of sportswear for men, women and children, the 11,855 sq ft location offers "everyday essentials" alongside select seasonal items. Hollywood Bowl revamp Hollywood Bowl relaunched in March this year following a huge £2 million makeover. Hollywood Bowl at Teesside Park The site is now home to a 12-hole minigolf course, 31 bowling lanes, a new bar and a refreshed amusement area, after taking over the former Imperial City restaurant next door. It also added a five-lane VIP section for those who wanted to bowl in luxury. Primark Hundreds of shoppers flocked to Teesside Park in May after Primark opened its doors for the first time inside the former Mothercare... Alex O'Leary
HUNTSVILLE, Texas (AP) — Cameron Huefner scored 20 points as Sam Houston beat Dallas 111-65 on Saturday. Huefner added eight rebounds for the Bearkats (7-6). Lamar Wilkerson went 7 of 13 from the field (3 for 8 from 3-point range) to add 17 points. Dorian Finister shot 5 for 11 (1 for 3 from 3-point range) and 4 of 4 from the free-throw line to finish with 15 points. Thomas Fleming led the Crusaders in scoring, finishing with 16 points. Dallas also got 15 points from Johny Olmsted. Chandler Holmes finished with 13 points. Sam Houston took the lead with 16:32 remaining in the first half and did not give it up. The score was 50-34 at halftime, with Huefner racking up 11 points. Sam Houston extended its lead to 91-53 during the second half, fueled by a 17-2 scoring run. Erik Taylor scored a team-high 10 points in the second half for the Bearkats. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Sl Green Realty's chief legal officer sells $3.65 million in stock
Guwahati: Bypolls in five assembly constituencies of Assam emerged as a significant setback for the opposition parties, which failed to secure any victory. Congress's autonomous approach proved detrimental as the grand old party lacked direct support from other opposition parties united under the banner Asom Sanmilita Morcha (ASOM). Of the five constituencies, BJP secured victories in three — Samaguri, Behali, and Dholai, while its allies AGP and UPPL triumphed in Bongaigaon and Sidli. Five-time MLA from Samaguri Rakibul Hussain's son, Tanzil, was defeated by BJP's state general secretary Diplu Ranjan Sarmah by a substantial margin. Tanzil endeavoured to represent Samaguri as the third politician from their family, after father Rakibul and grandfather Nurul Hussain. Rakibul served as a prominent cabinet minister in the Tarun Gogoi-govt and secured successive assembly polls from Samaguri since 2001. Nurul Hussain contested from Congress (S) ticket in the 1983 election and joined Congress (I) after winning. He subsequently prevailed as Congress candidate in the 1991 assembly polls and became a state minister in the Hiteswar Saikia-govt. Deputy leader of Congress in the Lok Sabha and Jorhat MP Gaurav Gogoi's preferred candidate Jayanta Borah had to bite the dust in the Behali seat to BJP's Diganta Ghatowal. Congress remained unwilling to relinquish Behali for CPI-ML despite ASOM's recommendation, ultimately causing opposition disunity. Jayanta Borah, a BJP defector, procured Congress ticket even before formally joining the party. Maharashtra Jharkhand Maharashtra Alliance View i Party View Seats: 288 L + W Majority: 145 BJP+ 229 MVA 47 OTH 12 Leads + Wins : 288 / 288 BJP+ WON Jharkhand Alliance View i Party View Seats: 81 Results Majority: 41 INDIA 56 NDA 24 OTH 1 Results : 81 / 81 INDIA WON Source: PValue In the remaining constituencies, Congress leaders demonstrated comparatively diminished enthusiasm. ASOM leaders campaigned for CPI-ML candidate Lakhikanta Kurmi in Behali, while advocating for a "conscience vote" elsewhere. After poll results, Assam Pradesh Congress Committee President Bhupen Kumar Borah pledged door-to-door visits, emphasising unified opposition as crucial for challenging BJP in the 2026 assembly elections. ASOM president and MP Ajit Kumar Bhuyan and general secretary Lurinjyoti Gogoi expressed disappointment regarding Congress's failure to recognise opposition unity's importance, while affirming ASOM's commitment to unified political resistance against BJP. Akhil Gogoi, MLA and Raijor Dal leader, criticised both Himanta Biswa Sarma regarding the Jharkhand defeat and Congress's perceived "big brother" attitude. Gogoi challenged Sarma's "unstoppable" narrative, citing Jharkhand results. He endorsed Jharkhand's opposition model, contrasting it with Assam's fragmented opposition. Gogoi faulted Gaurav Gogoi for undermining opposition unity by denying Congress allies constituencies, particularly regarding CPI-ML in Behali.
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More than 60 high school students in Los Angeles County learned to use technology to make business plans in an after-school program, which ended last week with the Young Innovators Accelerator Pitch Competition. The after-school program took place at six across Los Angeles County. The centers are run by nonprofits in under-resourced neighborhoods with funding from the Best Buy Foundation, the Annenberg Foundation and the Greater Los Angeles Education Foundation (GLAEF), the philanthropic arm of the Los Angeles County Office of Education. The Teen Tech Centers aim to give area students a chance to play with the latest technology — and gain job skills in the process, according to Sam Gelinas, vice president of programs, strategy and development at GLAEF. The Young Innovators Accelerator Pitch Competition, now in its second year, furthers the focus on job skills, he said. “The process of developing a budget, developing all the assets, all of that stuff, they’re building some of those soft business skills, and then also some of the tech skills like actually designing a deck and those kinds of things,” Gelinas said. Curriculum and training for the program were provided by the Los Angeles Economic Equity Accelerator and Fellowship, a nonprofit based out of California State University, Los Angeles, Gelinas said. “The trainers were young and dynamic and sort of met students where they were and walked them through the elements of entrepreneurship,” he said. On top of learning to use technology to build a business plan, many of the students came up with services that center on tech. For example, the winning idea at last week’s competition was an artificial intelligence-driven ed-tech tool, pitched by 14-year-old Gabriel Cardenas. Called ByteAi, the tool would use AI to transform complex classroom subjects into “bite-sized” lessons, without telling students any answers, according to Cardenas, a freshman at the California Academy of Math and Science in Long Beach. “My teacher would give me an assignment, and it was really hard for me to completely understand what I really needed to learn,” Cardenas said. “With this, you could ask the AI to break it down and make it more understandable, and it would give you key highlights, quizzes and games.” Among the six business plans that made it to the competition last week, three others were also based on tech: a peer-to-peer mental health social app, an interchangeable lens camera with smart connectivity and auto focus, and an app to help people find healthy food options. Cardenas took home first place and $1,400 for ByteAi, while Tristen Trudgeon won second place and $1,000 for BeSeen, the mental health app. Third place and $600 went to a team of seven students for their pitch to create a community market where homeless people could work. Three other semi-finalists each received $150. Gelinas said he hopes the Young Innovators Accelerator Pitch Competition will continue to be an annual event. Funding for the program came from GLAEF, the Best Buy Foundation, Annenberg Tech and the Calley Foundation, he said.None
BOSTON (AP) — A Massachusetts judge dismissed criminal charges Monday against a backer of Karen Read who admitted placing dozens of yellow rubber ducks and fake $100 bills around town in support of Read. Richard Schiffer Jr. had argued in Stoughton District Court that he had a First Amendment right to support the defense theory that Read — accused of ramming into her boyfriend John O’Keefe with her SUV and leaving the Boston police officer to die in a snowstorm — has been framed in the polarizing murder case. Schiffer’s attorney Timothy Bradl said Monday that the judge made the right call by quickly tossing the felony witness intimidation and criminal harassment charges against Schiffer. The ruling comes as another judge decided Monday to push back Read’s retrial to April after a mistrial was declared in July when jurors couldn’t reach an agreement. Read was facing second-degree murder charges and two other charges. Her attorneys have argued that other law enforcement officers were responsible for O’Keefe’s death. Regarding Schiffer’s charges, Bradl said, “There wasn’t a leg to stand on.” “Hats off to the judge. He didn’t make everyone wait and ruled from the bench. Everything was completely protected by the First Amendment. This was political speech,” Bradl said. The Norfolk District Attorney’s office declined to comment. Schiffer has said he got the ducks idea after thinking about a defense lawyer’s closing argument that Read was framed . Alan Jackson told jurors that “if it walks like a duck and talks like a duck, it’s a duck.” Schiffer’s actions did not rise to the level of witness intimidation and criminal harassment “nor does his speech, or in this case his written word on fake currency and use of rubber toys, which are afforded the protections of the First Amendment,” Judge Brian Walsh wrote. “It is the view of this Court that the defendant’s conduct and speech, though a rather sophomoric expression of his opinion, is nonetheless protected speech,” he wrote. Walsh concluded the two-page ruling with quotes from Indiana poet James Whitcomb Riley, believed to have coined the “walks like a duck” phrase, and Robert McCloskey, author of the children’s book “Make Way For Ducklings.” The defense alleged that O’Keefe was actually killed inside the home of his fellow Boston officer Brian Albert and then dragged outside. They argued that investigators focused on Read because she was a “convenient outsider” who saved them from having to consider law enforcement officers as suspects. Schiffer has been among the dozens of Read supporters who accuse state and local law enforcement of a widespread cover-up. Their demonstrations have led to confrontations, especially in the town of Canton where the murder happened, between those who support Read and others who believe she is guilty. Schiffer, who owns Canton Fence and has said that he knows practically everyone in town through his contracting work, was accused of placing some of the ducks outside a pizza shop run by Brian Albert’s brother, Canton Selectman Chris Albert. Other ducks appeared in O’Keefe’s neighborhood. More articles from the BDNNone
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Tensions escalate in Pakistan as highways are closed and services suspended in response to a planned protest by the Pakistan Tehreek-e-Insaf (PTI) party. Led by former Prime Minister Imran Khan's party, the demonstration is set to continue despite warnings from authorities. The PTI is demanding the release of incarcerated leaders and addressing alleged election grievances. Authorities are on high alert, with a warning issued for a potential terrorist threat as militants have reportedly entered the country from Afghanistan. In preparation for the protest, key infrastructure and government areas have been heavily secured. Despite these measures, the PTI remains determined to proceed with its protest and sit-in, increasing tensions with the government. (With inputs from agencies.)