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Giants release quarterback Daniel Jones just days after benching him EAST RUTHERFORD, N.J. (AP) — The Daniel Jones era in New York is over. The Giants quarterback was granted his release by the team just days after the franchise said it was benching him in favor of third-stringer Tommy DeVito. New York president John Mara said Jones approached the team about releasing him and the club obliged. Mara added he was “disappointed” at the quick dissolution of a once-promising relationship between Jones and the team. Giants coach Brian Daboll benched Jones in favor of DeVito following a loss to the Panthers in Germany that dropped New York's record to 2-8. Conor McGregor must pay $250K to woman who says he raped her, civil jury rules LONDON (AP) — A civil jury in Ireland has awarded more than $250,000 to a woman who says she was raped by mixed martial arts fighter Conor McGregor in a Dublin hotel penthouse after a night of heavy partying. The jury on Friday awarded Nikita Hand in her lawsuit that claimed McGregor “brutally raped and battered” her in 2018. The lawsuit says the assault left her heavily bruised and suffering from post-traumatic stress disorder. McGregor testified that he never forced her to do anything and that Hand fabricated her allegations after the two had consensual sex. McGregor says he will appeal the verdict. Week 16 game between Denver Broncos and Los Angeles Chargers flexed to Thursday night spot The Los Angeles Chargers have played their way into another prime time appearance. Justin Herbert and company have had their Dec. 22 game against the Denver Broncos flexed to Thursday night, Dec. 19. Friday’s announcement makes this the first time a game has been flexed to the Thursday night spot. The league amended its policy last season where Thursday night games in Weeks 13 through 17 could be flexed with at least 28 days notice prior to the game. The matchup of AFC West division rivals bumps the game between the Cleveland Browns and Cincinnati Bengals to Sunday afternoon. NBA memo to players urges increased vigilance regarding home security following break-ins MIAMI (AP) — The NBA is urging its players to take additional precautions to secure their homes following reports of recent high-profile burglaries of dwellings owned by Milwaukee Bucks forward Bobby Portis and Kansas City Chiefs teammates Patrick Mahomes and Travis Kelce. In a memo sent to team officials, a copy of which was obtained by The Associated Press, the NBA revealed that the FBI has connected some burglaries to “transnational South American Theft Groups” that are “reportedly well-organized, sophisticated rings that incorporate advanced techniques and technologies, including pre-surveillance, drones, and signal jamming devices.” Brock Purdy will miss Sunday's game for the 49ers with a shoulder injury SANTA CLARA, Calif. (AP) — San Francisco 49ers quarterback Brock Purdy will miss Sunday’s game against the Green Bay Packers with a sore throwing shoulder. Purdy injured his right shoulder in last Sunday’s loss to the Seattle Seahawks. Purdy underwent an MRI that showed no structural damage but the shoulder didn’t improve during the week and Purdy was ruled out for the game. Coach Kyle Shanahan said star defensive end Nick Bosa also will miss the game with injuries to his left hip and oblique. Left tackle Trent Williams is questionable with an ankle injury and will be a game-time decision. Red Bull brings wrong rear wing to Las Vegas in mistake that could stall Verstappen's title chances LAS VEGAS (AP) — Max Verstappen is suddenly in jeopardy of being denied a fourth consecutive Formula 1 title Saturday night. Red Bull apparently brought the wrong rear wing to Las Vegas and GPS data showed its two cars to be significantly slower on the straights than both McLaren and Mercedes, which led both practice sessions. Red Bull says it doesn’t have a replacement rear wing in Las Vegas to fix the issue and little chance of getting two flown in from England ahead of the race. Lawyer says ex-Temple basketball standout Hysier Miller met with NCAA for hours amid gambling probe PHILADELPHIA (AP) — A lawyer for former Temple basketball standout Hysier Miller says the 22-year-old sat for a long interview with the NCAA amid an investigation into unusual gambling activity. But neither the lawyer nor federal law enforcement officials on Friday would confirm reports that a federal probe is now under way. Lawyer Jason Bologna says Miller cooperated because he hopes to play again. Miller was released last month after transferring to Virginia Tech. Temple President John Fry says the Philadelphia school has not been asked for any information from federal law enforcement officials. Caitlin Clark to join Cincinnati bid for 16th National Women's Soccer League team WNBA star Caitlin Clark has joined Cincinnati’s bid for an expansion National Women’s Soccer League team. Major League Soccer franchise FC Cincinnati is heading the group vying to bring a women’s pro team to the city. The club issued a statement confirming Clark had joined the bid group. NWSL Commissioner Jessica Berman has said the league plans to announce the league’s 16th team by the end of the year. The league's 15th team will begin play in 2026 in Boston. Alyssa Nakken, first full-time female coach in MLB history, leaving Giants to join Guardians CLEVELAND (AP) — Alyssa Nakken, the first woman to coach in an MLB game, is leaving the San Francisco Giants to join the Cleveland Guardians. Nakken made history in 2022 when she took over as first-base coach following an ejection. A former college softball star at Sacramento State, Nakken joined the Giants in 2014 and was promoted to a spot on manager Gabe Kapler’s staff in 2020, becoming the majors’ first full-time female coach. Nakken has been hired as an assistant director within player development for the Guardians, who won the AL Central last season under first-year manager Stephen Vogt. Nakken, 34, will work with former Giants coaches Craig Albernaz and Kai Correa. Aaron Judge won't be bothered if Juan Soto gets bigger contract from Yankees than his $360M deal NEW YORK (AP) — Aaron Judge won’t be bothered if Juan Soto gets a bigger deal from the New York Yankees than the captain’s $360 million, nine-year contract. Speaking a day after he was a unanimous winner of his second MVP, Judge says “It ain’t my money” and adds "that’s never been something on my mind about who gets paid the most.” Judge led the major leagues with 58 homers, 144 RBIs and 133 walks while hitting .322. Soto batted .288 with 41 homers, 109 RBIs and 129 walks in his first season with the Yankees, then became a free agent at age 26.
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A 40-year-old man in custody at Federal Correctional Institution (FCI) McKean died Sunday, according to prison officials. It was the second such report in less than 90 days from the Lewis Run facility. Joseph Henry Duncil was found unresponsive around noon and responding employees initiated life-saving measures as emergency medical services were summoned, according to a press release from the prison. Duncil was taken to “a local hospital,” where he was subsequently pronounced deceased. In mid-September officials reported the death of 34-year-old Tezmonta Evans at FCI McKean. In both cases, officials said no one else was injured and “at no time was the public in danger.” The Federal Bureau of Investigation was notified of both instances. Both men were sentenced to terms of incarceration at FCI McKean in the Eastern District of Michigan, and had been in custody there since July 11. Duncil was serving an 18-month sentence for possessing a firearm while having a prior felony conviction. Evans was serving an aggregate 180-month sentence for possession of cocaine base with intent to distribute and possessing a firearm in furtherance of a drug trafficking crime. At the time of Evans’ death, The Era contacted prison officials regarding several contacts received by the newsroom alleging ongoing issues at FCI McKean, including a lockdown of more than 40 days and limited showers, outdoor time or commissary access; inadequate or denied access to medical care; no access to programs, books and magazines or communication with lawyers. Regarding the lockdown, officials in September confirmed the facility had been placed on “modified operations” status, without “providing specific details, for safety and security reasons.” They said in an emailed response that wardens “may establish controls or implement temporary security measures to ensure the good order and security of their institution, as well as ensure the safety of the employees and the incarcerated individuals entrusted to their care.” When such measures are taken, the statement noted, the warden monitors events and adjusts operations accordingly, “based on a range of issues as the situation continues to evolve,” aiming to return to normal operations status as quickly as possible. “Modified operations” refers to a temporary change to institutional processes, including individual movement, programs or services, officials said. Individuals “are often permitted” to walk around their assigned unit and visit TV viewing rooms, unit-based programming areas, showers, telephones and email terminals,” and have access to their unit team members and medical staff during scheduled hours. Regarding visitation and access to books and magazines, officials explained that FCI McKean, like most correctional agencies, continues to address the problem of contraband being introduced to the facility, which can threaten the safety of staff, individuals in custody and the public. “For privacy, safety and security reasons, we do not comment on the specific rationale or justification for why communication with a particular organization or individual has been limited,” officials replied. “However, we can assure you there is a justifiable reason for doing so.” The response continued, “Given the importance placed on social visiting, the decision to suspend it is not taken lightly.” It is a decision, they said, made by the warden at each institution on a case-by-case basis. Further, officials stated FCI McKean “provides essential medical, dental and mental health (psychiatric) services in accordance with” FBOP policies, with “daily and regular access to medical care and appointments.” They added that medical employees conduct daily rounds throughout each facility. Prison officials had not replied to The Era’s inquiry by press time Monday regarding whether the facility’s modified operations remained in place at the time of, or had been lifted prior to, the most recent death. Their response in September read, “The Federal Bureau of Prisons (FBOP) including the Federal Correctional Institution (FCI) McKean, takes seriously our duty to protect the individuals entrusted in our custody and maintain the safety of correctional employees and the community.” FCI McKean is a medium-security facility. Additional information about the Federal Bureau of Prisons can be found at bop.gov .has the largest Black population outside of Africa, so when one biracial woman thought she could get away with continuous racism, the federal government made an example out of her. Day McCarthy has a history of making hateful comments. And she told the , that’s how she grew up. “This is what people told me when I was a kid,” she said in the interview. “I was bullied because I was overweight, because I was the daughter of a Black man, because I didn’t have any money, because I came from a poor neighborhood.” Despite being biracial, McCarthy continued spewing racist language mostly targeted at children, but the consequences of her actions caught up to her when she called the Black daughter of two white celebrities a “monkey,” according to the Post. Seven years after her comments, a Brazilian judge found her guilty of racism— an offense the diverse country takes very seriously— in August 2024. Brazil has a more narrow definition of freedom of speech than the U.S. Threats against the Brazilian government are considered illegal and so are personal attacks that offend someone’s honor, including racist speech, according to . “The gravity of the crime of racism in Brazil is so great that people can be arrested on the spot,” said Lívia Vaz, the director of a racism prosecutorial team in the country, told the Post. “When I started, it wasn’t that way. The police would go to the scene, and no one was arrested. Now they are.” Unlike in the United States, racism in Brazil can cost an offender, like McCarthy, years behind bars, according to . The 35-year-old Brazilian was sentenced to eight years and nine months in prison. Her sentence is the longest ever given out for racism in the country, reports the Post. McCarthy’s sentence serves as an example of the country’s efforts to right the wrongs of it’s racist past. The heat of the 2020 George Floyd protests prompted Brazil to take responsibility for it’s role in the transatlantic slave trade. Even public prosecutors have began formal investigations into slavery, which many Black Brazilians hope will result in reparations, according to Even though the country has taken a stand against her, McCarthy, who lives in Paris currently, told the Post she has no plans to turn herself in to Brazilian authorities. Instead, she hopes to continue living in Europe.Battles over books in school libraries have become emblematic of the country’s larger culture wars over race, historical revisionism and gender identity.
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HE the Minister of Communications and Information Technology Mohammed bin Ali bin Mohammed al-Mannai has hailed the anniversary of the founding of the State of Qatar by Sheikh Jassim bin Mohammed bin Thani as an occasion that conveys patriotic meanings. In remarks to Qatar News Agency (QNA), HE al-Mannai said the anniversary represents a pivotal moment in Qatar’s history when Sheikh Jassim bin Mohammed bin Thani showed a legacy of prudence and leadership that led to the establishment of a modern independent and unified state. Sheikh Jassim bin Mohammed bin Thani’s vision was the foundation for Qatar’s multi-sector renaissance, HE al-Mannai said, highlighting that Qatari people’s pride on this historic occasion is the result of their ancestors’ sacrifices for a sovereign state. This occasion reminds Qataris of a long history of hard work and dedication to build a single national identity through which all members of the Qatari people unite for a prosperous future. As marking this occasion prompts Qataris to reflect on Qatar’s achievements, it also boosts the need to preserve their national heritage and the values set by the Founder, he added. HE al-Mannai hailed the National Day as an opportunity for all nationals and residents to renew their pledge to the country and its wise leadership to press on accomplishments that elevate Qatar’s profile. Turning to the Ministry of Communications and Information Technology (MCIT)’s achievements, al-Mannai highlighted the ministry’s future digital vision, primarily the launch of the Digital Agenda 2030 — a six-pillar strategy striving to foster public and private sectors to build a thriving digital economy aligning with the Third National Development Strategy (NDS-3) and Qatar National Vision 2030. In this respect, he spoke about the Fanar project — an Arab AI Project in collaboration with local and Arab agencies. A significant milestone underscoring Qatar’s dedication to elevating the Arabic language and culture in the AI era, Fanar is expected to generate accurate Arabic texts through original texts amounting to approximately 300bn words. Also among the MCIT’s accomplishments were the 2024 launch of the Qatar Digital Academy and TASMU project. The Qatar Digital Academy — an expansion of the Qatar Digital Government Training Program keeps a keen eye for enhancing digital competencies in Qatar, envisioning training 1,000 state employees annually. With a focus on many digital skills such as AI, cybersecurity and the Internet of Things, the academy also grants 250 employees international certificates annually to enhance their qualifications and keep pace with technological developments. The academy’s specialised training programmes aligning the needs of government institutions aim to build a qualified workforce that supports digital transformation in Qatar and overcome the future challenges. Tasmu — a project catalysing Qatars ICT ecosystem — unites global innovators with the needs of the local market to fuel Qatar’s digital transformation. The programme received 640 applications from 74 countries following a thrilling 2023 cycle, which garnered $36mn funding and over $100mn sales. HE the Minister also spoke about SafeSpace, a project set to be launched in 2025 with the aim of elevating awareness about digital safety. Related Story National Day reflects Qatari identity
Unwrap the latest AI features with Amazon Fire TabletsJarrod Bowen held Antonio’s number nine shirt aloft after scoring the winner in support of the Hammers striker, who is recovering after a horror car crash on Saturday. Boss Julen Lopetegui said: “He is not in his best moment but he kept his humour. It was a special moment for us. “I think we have a lot of reason to win matches but this was one reason more. He’s alive so we are happy.” West Ham players wore ‘Antonio 9′ shirts while warming up and walking out before kick-off. The shirts will be signed by the players, including Antonio, and auctioned off with the proceeds going to the NHS and Air Ambulances UK. Tomas Soucek headed West Ham into the lead and held up nine fingers to a TV camera. The Czech midfielder told Sky Sports: “He’s been here since I came here. He is really my favourite. I said it would be tough for me to play without him. “I was so scared what was going to happen. It was a really tough week for him, his family and us.” Matt Doherty equalised for Wolves, and boss Gary O’Neil felt they should have had two penalties for fouls on Goncalo Guedes and Jean-Ricner Bellegarde, both of which were checked by VAR. But Bowen’s winner – O’Neil believed there was a foul in the build-up – condemned Wolves to a 10th defeat of the season and a third in a row. While under-pressure Lopetegui may have earned a stay of execution, O’Neil’s future as Wolves manager is now in serious doubt. “A lot of things went against us but ultimately we have not found a way to turn the game in our favour,” he said. “But the players showed they are still fighting for me, for the fans and the group. “Where does this leave me? In the same place I was. I’m aware of the noise. But if anyone expected this to be easy – I’m happy to be judged on results but it should be done in context. “Whenever this journey ends with Wolves I’ll be proud of it.” There was an acrimonious end to the match as captains Bowen and Mario Lemina scuffled after the final whistle, with the Wolves midfielder angrily shoving people including one of his own coaches, Shaun Derry. “I just went to shake his hand after the game,” Bowen said. “He didn’t want to shake my hand, two captains together just to say ‘well done’ after the game. “I know it’s difficult when you lose. I’ve been on the end of that situation.” O’Neil added: “Mario is calm now. He’s a passionate guy and something was said that upset him. “The instinct of the staff was to make sure he didn’t get into trouble, but he took some calming down.”Baby’s first Christmas? Shop everything from toys to teethers at Nuby
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Trump’s promises to conservatives raise fears of more book bans in USNet loss of ($2.5 million) during the third quarter of fiscal 2024 compared to a net loss of ($11.9 million) during the third quarter of fiscal 2023 Company reiterated $15.5 million implemented SaaS ARR adjusted EBITDA breakeven run rate expectation Company accelerated expectation for achievement of SaaS ARR adjusted EBITDA breakeven run rate to the first half of fiscal 2025 ATLANTA, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Streamline Health Solutions, Inc. ("Streamline" or the "Company") STRM , a leading provider of solutions that enable healthcare providers to proactively address revenue leakage and improve financial performance, today announced financial results for the third quarter of fiscal 2024, which was the three-month period ended October 31, 2024, and the nine-month period ended October 31, 2024. Fiscal Third Quarter and Nine-Months Ended October 31, 2024 GAAP Financial Results The following financial results have been prepared in accordance with Generally Accepted Accounting Principles ("GAAP"). Total revenue for the third quarter of fiscal 2024 was $4.4 million compared to $6.1 million during the third quarter of fiscal 2023. For the nine months ended October 31, 2024, revenue totaled $13.2 million compared to $17.2 million during the same period in fiscal 2023. The change in total revenue was attributable to previously announced client non-renewals offset by successful implementation of new SaaS contracts. SaaS revenue for the third quarter of fiscal 2024 totaled $2.9 million, 66% of total revenue, compared to SaaS revenue of $3.9 million, 64% of total revenue during the third quarter of fiscal 2023. For the nine months ended October 31, 2024, SaaS revenue totaled $8.7 million, 66% of total revenue, compared to $10.6 million, 62% of total revenue, during the same period of fiscal 2023. As previously reported, the Company had a SaaS contract which did not renew at the end of its 2023 fiscal year. Net loss for the third quarter of fiscal 2024 totaled ($2.5 million) compared to a net loss of ($11.9 million) during the third quarter of fiscal 2023. For the nine months ended October 31, 2024 net loss totaled ($8.0 million) compared to a net loss of ($17.3 million) during the 2023 period. The third quarter and first nine months of fiscal 2023 included $10.8 million of impairment expenses offset by a $1.2 million and $1.9 million gain, respectively, from valuation adjustments which did not recur during the same periods in fiscal 2024. Net loss during the third quarter and first nine months of fiscal 2024 reflected lower total revenues and higher interest expense offset by reductions in cost of sales, SG&A and R&D expense of $1.9 million and $5.3 million, respectively, primarily due to the Company's strategic restructuring at the end of fiscal 2023. Cash and cash equivalents as of October 31, 2024, were $0.8 million compared to $3.2 million as of January 31, 2024. The Company had no outstanding balance on its revolving credit facility as of October 31, 2024, compared to $1.5 million as of January 31, 2024. Subsequent to the end of the quarter, on November 13, 2024, the Company and its principal lender amended certain financial covenants related to the Company's senior term loan and revolving line of credit, which are described in more detail in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2024. On November 20, 2024, the Company received a $1.0 million draw from its revolving line of credit. Fiscal Third Quarter and Nine Months Ended October 31, 2024 Non-GAAP Financial Results Adjusted EBITDA for the third quarter of fiscal 2024 was a loss of ($0.3 million) compared to $0.4 million during the third quarter of fiscal 2023. Adjusted EBITDA for the nine months ended October 31, 2024, was a loss of ($1.3 million) compared to a loss of ($1.8 million) during the same period in fiscal 2023. The change in adjusted EBITDA reflects lower total revenue as a result of the previously announced client non-renewals, offset by significant cost savings achieved through the previously announced strategic restructuring. As of October 31, 2024, the Company's total Booked SaaS Annual Contract Value ("ACV") was $14.1 million compared to $15.0 million as of January 31, 2024. $12.0 million of the Booked SaaS ACV was implemented as of October 31, 2024, compared to $11.1 million as of January 31, 2024. Booked SaaS ACV represents the annualized value of all executed SaaS contracts, including contracts that have not been fully implemented as of the measurement date, assuming any contract that expires during the twelve months following the measurement date is renewed on its existing terms unless the Company has knowledge of the non-renewal. The Company reiterated that it believes its adjusted EBITDA breakeven run rate is $15.5 million of implemented SaaS ARR and expects to achieve this run rate during the first half of fiscal 2025. Due to the continued unpredictability of timing related to the closing of new contracts, the Company has not provided more specific guidance related to the timing of bookings. Management Commentary "During the quarter we expanded existing relationships through our new eValuator quality module, completed implementation for key accounts, including our first enterprise clients and added new logo wins. The resulting momentum has led us to accelerate our expected Adjusted EBITDA breakeven timeline," stated Ben Stilwill, President and Chief Executive Officer of the Company. "The Streamline team is focused on expanding our client footprint, maintaining a high caliber of client service, improving our solutions and progressing our financial goals and our mission to ensure our nation's health systems are paid for all of the care they provide." Conference Call The Company will conduct a conference call on Tuesday, December 17, 2024, at 9:00 AM ET to review results and provide a corporate update. Interested parties can access the call by joining the live webcast: click here to register . You can also join by phone by dialing 877-407-8291. A replay of the conference call will be available from Tuesday, December 17, 2024 at 12:00 PM ET to Tuesday, December 24, 2024 at 12:00 PM ET by dialing 877-660-6853 or 201-612-7415 with conference ID 13750374. An online replay of the presentation will also be available for six months following the presentation in the Investor Relations section of the Streamline website, www.streamlinehealth.net . About Streamline Streamline Health Solutions, Inc. STRM enables healthcare organizations to proactively address revenue leakage and improve financial performance. We deliver integrated solutions, technology-enabled services and analytics that drive compliant revenue leading to improved financial performance across the enterprise. For more information, visit www.streamlinehealth.net . Non-GAAP Financial Measures Streamline reports its financial results in accordance with U.S. generally accepted accounting principles ("GAAP"). Streamline's management also evaluates and makes operating decisions using various other measures. One such measure is adjusted EBITDA, which is a non-GAAP financial measure. Streamline's management believes that this measure provides useful supplemental information regarding the performance of Streamline's business operations. Streamline defines "adjusted EBITDA" as net earnings (loss) before net interest expense, income tax expense (benefit), depreciation, amortization, share-based compensation expense, valuation adjustments, restructuring charges, transaction related expenses and other expenses that do not relate to our core operations such as severance and impairment charges. A table reconciling this measure to "net loss," to the extent relevant items were recognized in the periods covered, is included in this press release. Booked SaaS ACV represents the annualized value of all executed SaaS contracts, including contracts that have not been fully implemented, as of the measurement date, assuming any contract that expires during the twelve months following the measurement date is renewed on its existing terms unless the Company has knowledge of the non-renewal. Booked SaaS ACV should be viewed independently of revenue and does not represent revenue calculated in accordance with GAAP on an annualized basis, as it is an operating metric that can be impacted by contract execution start and end dates and renewal rates. Booked SaaS ACV is not intended to be a replacement for, or forecast of, revenue. There is no GAAP measure comparable to Booked SaaS ACV. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 Statements made by Streamline Health Solutions, Inc. that are not historical facts are forward-looking statements that are subject to certain risks, uncertainties and important factors that could cause actual results to differ materially from those reflected in the forward-looking statements included herein. Forward-looking statements contained in this press release include, without limitation, statements regarding the Company's growth prospects, anticipated bookings, recognition of revenue from contracts included in Booked SaaS ACV, achievement of a breakeven SaaS ARR run rate, anticipated cost savings from previously announced strategic restructuring, expected improved implementation timelines and lower expenses for our clients, industry trends and market growth, adjusted EBITDA, success of future products and related expectations and assumptions. These risks and uncertainties include, but are not limited to, the timing of contract negotiations and execution of contracts and the related timing of the revenue recognition related thereto, the potential cancellation of existing contracts or clients not completing projects included in the backlog and Booked SaaS ACV, the impact of competitive solutions and pricing, solution demand and market acceptance, new solution development and enhancement of current solutions, key strategic alliances with vendors and channel partners that resell the Company's solutions, the ability of the Company to generate cash from operations, the availability of additional debt and equity financing to fund the Company's ongoing operations, the ability of the Company to control costs, the effects of cost-containment measures implemented by the Company, availability of solutions from third party vendors, the healthcare regulatory environment, potential changes in legislation, regulation and government funding affecting the healthcare industry, healthcare information systems budgets, availability of healthcare information systems trained personnel for implementation of new systems, as well as maintenance of legacy systems, fluctuations in operating results, effects of critical accounting policies and judgments, changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other similar entities, changes in economic, business and market conditions impacting the healthcare industry generally and the markets in which the Company operates and nationally, the Company's ability to maintain compliance with the terms of its credit facilities, and other risks detailed from time to time in the Streamline Health Solutions, Inc. filings with the U. S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revision to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law. Company Contact Jacob Goldberger Vice President, Finance 303-887-9625 jacob.goldberger@streamlinehealth.net STREAMLINE HEALTH SOLUTIONS, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (rounded to the nearest thousand dollars, except share and per share information) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenues: Software as a service $ 2,933,000 $ 3,924,000 $ 8,734,000 $ 10,630,000 Maintenance and support 878,000 1,070,000 2,651,000 3,327,000 Professional fees and licenses 608,000 1,139,000 1,841,000 3,278,000 Total revenues 4,419,000 6,133,000 13,226,000 17,235,000 Operating expenses: Cost of software as a service 1,512,000 1,677,000 4,356,000 5,159,000 Cost of maintenance and support 42,000 129,000 127,000 250,000 Cost of professional fees and licenses 831,000 1,072,000 2,558,000 3,202,000 Selling, general and administrative expense 2,880,000 4,122,000 9,060,000 12,079,000 Research and development 1,134,000 1,304,000 3,569,000 4,310,000 Impairment of goodwill — 9,813,000 — 9,813,000 Impairment of long-lived assets — 963,000 — 963,000 Total operating expenses 6,399,000 19,080,000 19,670,000 35,776,000 Operating loss (1,980,000 ) (12,947,000 ) (6,444,000 ) (18,541,000 ) Other (expense) income: Interest expense (496,000 ) (266,000 ) (1,457,000 ) (781,000 ) Valuation adjustments — 1,182,000 (115,000 ) 1,905,000 Other — — (2,000 ) 31,000 Loss before income taxes (2,476,000 ) (12,031,000 ) (8,018,000 ) (17,386,000 ) Tax benefit — 120,000 — 59,000 Net loss $ (2,476,000 ) $ (11,911,000 ) $ (8,018,000 ) $ (17,327,000 ) Basic and Diluted Earnings Per Share: Net loss per common share – basic and diluted* $ (0.61 ) $ (3.15 ) $ (2.01 ) $ (4.61 ) Weighted average number of common shares – basic and diluted* 4,055,268 3,780,689 3,981,406 3,756,420 *The Company effected a 15-for-1 reverse stock split effective as of 12:01am Eastern Daylight Time on October 4, 2024, and the Company's common stock began trading on a split adjusted-basis when the market opened on October 4,2024. Comparative periods have been adjusted to reflect the impact of the reverse stock split. STREAMLINE HEALTH SOLUTIONS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (rounded to the nearest thousand dollars, except share and per share information) October 31, 2024 January 31, 2024 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 754,000 $ 3,190,000 Accounts receivable, net of allowance for credit losses of $59,000 and $86,000, respectively 2,824,000 4,237,000 Contract receivables 1,248,000 780,000 Prepaid and other current assets 567,000 629,000 Total current assets 5,393,000 8,836,000 Non-current assets: Property and equipment, net of accumulated amortization of $328,000 and $291,000 respectively 52,000 88,000 Capitalized software development costs, net of accumulated amortization of $9,368,000 and $7,960,000, respectively 5,165,000 5,798,000 Intangible assets, net of accumulated amortization of $5,246,000 and $4,019,000, respectively 10,844,000 12,071,000 Goodwill 13,276,000 13,276,000 Other 1,236,000 1,666,000 Total non-current assets 30,573,000 32,899,000 Total assets $ 35,966,000 $ 41,735,000 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,610,000 $ 1,253,000 Accrued expenses 1,518,000 2,023,000 Current portion of term loan 2,250,000 1,500,000 Deferred revenues 6,095,000 7,112,000 Acquisition earnout liability 377,000 1,794,000 Total current liabilities 11,850,000 13,682,000 Non-current liabilities: Term loan, net of current portion and deferred financing costs 5,883,000 7,566,000 Line of credit — 1,500,000 Notes payable, net of deferred financing costs 4,129,000 — Deferred revenues, less current portion 190,000 173,000 Total non-current liabilities 10,202,000 9,239,000 Total liabilities 22,052,000 22,921,000 Commitments and contingencies Stockholders' equity: Common stock, $0.01 par value per share, 85,000,000 shares authorized; 4,265,821 and 3,929,446 shares issued and outstanding, respectively 43,000 590,000 Additional paid in capital 137,588,000 133,923,000 Accumulated deficit (123,717,000 ) (115,699,000 ) Total stockholders' equity 13,914,000 18,814,000 Total liabilities and stockholders' equity $ 35,966,000 $ 41,735,000 STREAMLINE HEALTH SOLUTIONS, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (rounded to the nearest thousand dollars) Nine Months Ended October 31, 2024 2023 Net loss $ (8,018,000 ) $ (17,327,000 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 3,594,000 3,264,000 Accrued interest expense - notes payable 507,000 — Valuation adjustments 115,000 (1,905,000 ) Benefit for deferred income taxes — (104,000 ) Share-based compensation expense 1,483,000 1,626,000 Impairment of goodwill — 9,813,000 Impairment of long-lived assets — 963,000 Provision for credit losses (58,000 ) — Changes in assets and liabilities: Accounts and contract receivables 1,003,000 4,299,000 Other assets (116,000 ) (65,000 ) Accounts payable 357,000 109,000 Accrued expenses and other liabilities (505,000 ) (417,000 ) Deferred revenue (1,000,000 ) (2,417,000 ) Net cash used in operating activities (2,638,000 ) (2,161,000 ) Cash flows from investing activities: Purchases of property and equipment — (47,000 ) Capitalization of software development costs (667,000 ) (1,562,000 ) Net cash used in investing activities (667,000 ) (1,609,000 ) Cash flows from financing activities: Repayment of bank term loan (1,000,000 ) (500,000 ) Repayment of line of credit (1,500,000 ) — Proceeds from line of credit — 500,000 Proceeds from issuance of common stock 100,000 — Proceeds from notes payable 4,400,000 — Payments of acquisition earnout liabilities (886,000 ) — Payments related to repurchase of common shares to satisfy employee tax withholding (77,000 ) (271,000 ) Payments for deferred financing costs (168,000 ) — Other — — Net cash provided (used in) by financing activities 869,000 (271,000 ) Net decrease in cash and cash equivalents (2,436,000 ) (4,041,000 ) Cash and cash equivalents at beginning of period 3,190,000 6,598,000 Cash and cash equivalents at end of period $ 754,000 $ 2,557,000 STREAMLINE HEALTH SOLUTIONS, INC. RECONCILIATION OF NET LOSS TO NON-GAAP ADJUSTED EBITDA (Unaudited, rounded to the nearest thousand dollars) Three Months Ended Nine Months Ended In thousands, except per share data October 31, 2024 October 31, 2023 October 31, 2024 October 31, 2023 Adjusted EBITDA Reconciliation Net Loss $ (2,476 ) $ (11,911 ) $ (8,018 ) $ (17,327 ) Interest expense 496 266 1,457 781 Tax benefit — (120 ) — (59 ) Depreciation and amortization 1,187 1,105 3,260 3,186 EBITDA $ (793 ) $ (10,660 ) $ (3,301 ) $ (13,419 ) Share-based compensation expense 451 517 1,483 1,626 Impairment of goodwill — 9,813 — 9,813 Impairment of long-lived assets — 963 — 963 Non-cash valuation adjustments — (1,182 ) 115 (1,905 ) Acquisition-related costs, severance, and transaction-related bonuses 16 213 372 389 Restructuring charges — 749 — 749 Other non-recurring charges — — — (33 ) Adjusted EBITDA $ (326 ) $ 413 $ (1,331 ) $ (1,817 ) Source: Streamline Health Solutions, Inc. © 2024 Benzinga.com. 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