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NEW CANAAN, CT / ACCESS Newswire / August 8, 2025 / Network-1 Technologies, Inc. (NYSE AMERICAN:NTIP) (“Network-1”), a company specializing in the acquisition, development, licensing, and monetization of its intellectual property assets, today announced financial results for the second quarter ended June 30, 2025.

Network-1 reported no revenue for the three months ended June 30, 2025, and revenue of $150,000 for the six months ended June 30, 2025, compared to revenue of $100,000 for the three and six months ended June 30, 2024. Revenue in 2025 and 2024 was from litigation settlements involving Network-1’s Remote Power Patent.

Network-1 reported a net loss of $463,000, or $0.02 per share basic and diluted, for the three months ended June 30, 2025, compared to a net loss of $658,000, or $0.03 per share basic and diluted, for the same period in 2024. Included in the net loss is Network-1’s share of the net loss of its equity investee (ILiAD Biotechnologies, LLC) of $279,000 and $677,000 for the three months ended June 30, 2025, and 2024, respectively.

For the six months ended June 30, 2025, Network-1 reported a net loss of $826,000, or $0.04 per share basic and diluted, compared to a net loss of $1,578,000, or $0.07 per share basic and diluted, for the same period in 2024. Included in the net loss is Network-1’s share of the net loss of its equity investee (ILiAD Biotechnologies, LLC) of $741,000 and $1,305,000 for the six months ended June 30, 2025, and 2024, respectively.

On June 27, 2025, Network-1 commenced patent litigation against Samsung Electronics Co., LTD and Samsung Electronics America, Inc. (collectively, “Samsung”) in the United States District Court for the Eastern District of Texas, Marshall Division, for infringement of certain patents within Network-1’s M2M/IoT Patent Portfolio. The lawsuit alleges that Samsung infringes Network-1’s patents by supporting certain eSIM (embedded Subscriber Identification Module) and 5G technologies in its mobile devices, including its Galaxy smartphones, watches and tablets.

On March 31, 2025, Network-1 acquired a patent portfolio from IoT and M2M Technologies, LLC, relating to, among other things, enabling technology to support the interoperability of smart home IoT devices (the “Smart Home Patent Portfolio”). The Smart Home Patent Portfolio currently consists of eight (8) U.S. patents and one (1) international patent as well as eleven (11) U.S. pending patent applications and five (5) pending international patents.

On June 17, 2025, the Board of Directors authorized an extension and increase of Network-1’s share repurchase program (the “Share Repurchase Program”) to repurchase up to $5,000,000 of common stock over the subsequent 24-month period. The common stock may be repurchased from time to time in open market transactions or privately negotiated transactions at Network-1’s discretion except for repurchases under its 10b5-1 plans. The timing and amount of the shares repurchased is determined by management, except for repurchases under its 10b5-1 plans, based on its evaluation of market conditions and other factors. The Share Repurchase Program may be increased, suspended or discontinued at any time. Since the inception of the Share Repurchase Program through June 30, 2025, Network-1 has repurchased an aggregate of 10,525,705 shares of its common stock at an aggregate cost of $20,185,549 (exclusive of commissions) or an average per share price of $1.92. During the three months ended June 30, 2025, Network-1 repurchased 44,811 shares at a cost of $55,337 (exclusive of commissions), or an average price of $1.23 per share. During the six months ended June 30, 2025, the company repurchased 151,473 shares at a cost of $202,194 (exclusive of commissions), or an average price of $1.33 per share. As of June 30, 2025, the remaining dollar value of shares that may be repurchased under the Share Repurchase Program was $4,994,853.

As of June 30, 2025, Network-1 had cash and cash equivalents and marketable securities of $38,485,000 and working capital of $38,288,000. Based on its current cash position, Network-1 believes it has sufficient resources to fund operations for the next twelve months and the foreseeable future.

Network-1 continues to pay dividends consistent with its dividend policy, which consists of semi-annual cash dividends of $0.05 per share ($0.10 per share annually), typically paid in March and September. On February 19, 2025, Network-1’s Board of Directors declared a semi-annual cash dividend of $0.05 per share, paid on March 28, 2025 to shareholders of record as of March 14, 2025. The dividend policy is reviewed periodically and may be adjusted based on earnings, financial requirements, and other relevant factors.

ABOUT NETWORK-1 TECHNOLOGIES, INC.

Network-1 Technologies, Inc. is engaged in the acquisition, development, licensing and protection of its intellectual property and proprietary technologies. Network-1 works with inventors and patent owners to assist in the development and monetization of their patented technologies. Network-1 currently owns one hundred fifteen (115) U.S. patents and seventeen (17) international patents covering various technologies, including enabling technology for authenticating and using eSIM technology in Internet of Things (“IoT”), certain advanced technologies related to high frequency trading, technologies relating to document stream operating systems and the identification of media content and enabling technology to support, among other things, the interoperability of smart home IT devices. Network-1’s current strategy includes efforts to monetize four patent portfolios (the M2M/IoT, HFT, Cox and Smart Home portfolios). Network-1’s strategy is to focus on acquiring and investing in high quality patents which management believes have the potential to generate significant licensing opportunities as Network-1 has achieved with respect to its Remote Power Patent and Mirror Worlds Patent Portfolio. Network-1’s Remote Power Patent has generated licensing revenue in excess of $188,000,000 from May 2007 through June 30, 2025. Network-1 has achieved licensing and other revenue of $47,150,000 through June 30, 2025 with respect to its Mirror Worlds Patent Portfolio.

This release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements address future events and conditions concerning Network-1’s business plans. Such statements are subject to a number of risk factors and uncertainties as disclosed in the Network-1’s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission on February 28, 2025and its Quarterly Report on Form 10-Q for the three months ended June 30, 2025 filed with the SEC on August 8, 2025 including, among others, Network-1’s uncertain revenue from licensing its intellectual property, uncertainty as to the outcome of pending litigation involving Network-1’s HFT Patent Portfolio and its M2m/IoT Patent Portfolio, whether Network-1 will be successful in its appeal to the Federal Circuit of the District Court judgment of non-infringement dismissing Network-1’s litigation against Google and YouTube involving certain patents within its Cox Patent Portfolio, the ability of Network-1 to successfully execute its strategy to acquire or make investments in high quality patents with significant licensing opportunities, Network-1’s ability to achieve revenue and profits from its Cox Patent Portfolio, M2M/IoT Patent Portfolio, HFT Patent Portfolio and Smart Home Portfolio, as well as a successful outcome on its investment in ILiAD Biotechnologies, LLC or other intellectual property it may acquire or finance in the future, the ability of Network-1 to enter into additional license agreements, uncertainty as to whether cash dividends will continue be paid, Network-1’s ability to enter into strategic relationships with third parties to license or otherwise monetize their intellectual property, the risk in the future of Network-1 being classified as a Personal Holding Company which may result in Network-1 issuing a special cash dividend to its stockholders, future economic conditions and technology changes and legislative, regulatory and competitive developments. Except as otherwise required to be disclosed in periodic reports, Network-1 expressly disclaims any future obligation or undertaking to update or revise any forward-looking statement contained herein.

Network-1’s unaudited condensed consolidated statements of operations and condensed consolidated balance sheet are attached.

For additional details regarding the above referenced highlights, please see Network-1’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 filed with the SEC on August 8, 2025.

Contacts:

Corey M. Horowitz, Chairman and CEO
Network-1 Technologies, Inc.
(917) 692-0000

SOURCE: Network-1 Technologies, Inc.

View the original press release on ACCESS Newswire

NEW YORK, NY / ACCESS Newswire / August 8, 2025 / Across industries and regions, momentum around recycling has shifted from aspiration to regulation. Governments are now setting minimum recycled content thresholds, enforcing Extended Producer Responsibility (EPR) laws, and pushing for detailed audit trails-all in an effort to accelerate the shift from linear to circular economies.

It’s a major step forward – and one that advocacy groups like the Plastic Pollution Coalition (PPC) have long championed. Their tireless efforts to raise awareness, challenge greenwashing, and push for stronger legislation have helped shape the global conversation about plastic waste and corporate accountability.

But even they’ve pointed to the disconnect: intent doesn’t equal impact without real enforcement. If the world is going to regulate recycled content and close the loop on plastic, it needs systems that go beyond slogans. That’s where SMX (Security Matters) (NASDAQ:SMX) enters – not as a disruptor, regulator, or judge, but as a silent partner in verification.

SMX doesn’t shape recycling policy. But once that policy is written, it provides the tools to help make it real. Because if circularity is going to be measured, it needs a way to be seen – from the inside out. And that’s exactly what SMX enables.

Policy Is Leading, Now It Needs Infrastructure to Keep Pace

It also makes circularity economically viable through material efficiency. SMX’s technology allows companies to reintroduce their own materials – those that have already completed lifecycle one, two, three, or more-into new production cycles without sacrificing quality, performance, or brand identity.

This means premium and original brand goods can be made from their own recycled inputs, with full traceability and without compromising intellectual property or brand integrity. At the corporate level, this capability unlocks meaningful cost advantages: eliminating dependence on virgin material amid geopolitical risks, reducing insurance exposure, and meeting corporate sustainability mandates with traceable proof. In short, SMX turns reuse into an asset – not a liability – making sustainability, and circularity, not only possible, but practical and profitable.

And this tool comes at a time when demand for it could soar. The EU has mandated 30% recycled content in PET beverage bottles. U.S. states like California and Washington are implementing their own minimum thresholds. Global brands from Coca-Cola to Unilever have pledged to increase the use of post-consumer recycled (PCR) materials across packaging and product lines.

This is progress-and it deserves recognition.

But as mandates expand, so do the challenges. Recycled content is notoriously difficult to audit. Paperwork can be inconsistent. Labels are often self-reported. And material flows cross continents, making traceability even harder to enforce.

That’s not a failure of leadership. It’s a limitation of the tools available to support it.

Tracking The Circular Chain Through Material Efficiency

SMX provides a way to track and trace materials at the molecular level – embedding invisible markers into plastics and other recyclables at the point of origin. These markers stay with the material throughout its lifecycle, allowing for real-time verification of where it came from, how it was processed, and whether it meets regulatory standards.

It doesn’t replace regulation. It supports it – with verifiable data that can’t be altered, removed, or faked. And with SMX’s Plastic Cycle Token (PCT), that verification becomes more than just compliance-it becomes measurable value. The PCT enables materials with verified recycled content to be accounted for, traded, and even monetized through trusted digital infrastructure.

It’s how circularity evolves from ambition to execution-and from execution to economic reward.

Recycled Content Isn’t a Label, It Should Be a Ledger

The Plastic Pollution Coalition is right to call out misleading claims and superficial fixes. But what they – and others – are emphasizing is the need for systems with teeth. Not more paperwork. More proof.

For governments, that means issuing certifications based on facts, not estimates. For brands, it means finally being able to support sustainability claims with embedded data – not marketing language that vanishes in the supply chain. And for consumers, it means being able to trust that “100% recycled” really means what it says.

SMX doesn’t judge the claim. It simply provides the means to prove it – or not.

That shifts recycled content from slogan to asset – verifiable, traceable, and even monetizable. And it levels the playing field by exposing gaps without assigning blame.

Circularity Can’t Be a Guess; It Has to Be Accountable

Let’s be clear: SMX isn’t here to write recycling mandates or enforce them. That work is being done – by policymakers, global brands, and advocacy groups like PPC, who continue to push for systems that are measurable, not theoretical.

But success takes more than vision. It requires infrastructure. Because if recycled content is going to be regulated, it also needs to be accounted for – not just estimated. And certainly not just once at the end of a product’s life, but continuously, from production to reuse.

That’s where SMX technology – and its Plastic Cycle Token (PCT) – fortifies the system, turning verified circularity into something measurable, tradable, and reportable. It transforms sustainability from a promise into a performance-based asset class, grounded in verifiable truth rather than aspirational claims. With precision, accountability, and trust built directly into the product, SMX delivers the infrastructure needed to make circularity real-and make it work.

Sources and references:

• https://environment.ec.europa.eu/news/commission-consults-new-rules-chemically-recycled-content-plastic-bottles-2025-07-08_en

• https://www.plasticpollutioncoalition.org/

• https://calrecycle.ca.gov/wcs/recyclinglabels/

• https://ecology.wa.gov/regulations-permits/guidance-technical-assistance/recycled-content-products

• https://packagingeurope.com/news/unilever-coca-cola-nestle-and-more-back-ambitious-plastics-treaty/12999.article

• https://www.plasticpollutioncoalition.org/blog/2024/6/4/plastic-recycling-is-a-false-solution-to-plastic-pollution

About SMX

As global businesses face new and complex challenges relating to carbon neutrality and meeting new governmental and regional regulations and standards, SMX is able to offer players along the value chain access to its marking, tracking, measuring and digital platform technology to transition more successfully to a low-carbon economy.

Forward-Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intends,” “may,” “will,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example: matters relating to the Company’s fight against abusive and possibly illegal trading tactics against the Company’s stock; successful launch and implementation of SMX’s joint projects with manufacturers and other supply chain participants of gold, steel, rubber and other materials; changes in SMX’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; SMX’s ability to develop and launch new products and services, including its planned Plastic Cycle Token; SMX’s ability to successfully and efficiently integrate future expansion plans and opportunities; SMX’s ability to grow its business in a cost-effective manner; SMX’s product development timeline and estimated research and development costs; the implementation, market acceptance and success of SMX’s business model; developments and projections relating to SMX’s competitors and industry; and SMX’s approach and goals with respect to technology. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company’s shares on Nasdaq; changes in applicable laws or regulations; any lingering effects of the COVID-19 pandemic on SMX’s business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industry in which SMX operates; the risk that SMX and its current and future collaborators are unable to successfully develop and commercialize SMX’s products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that SMX is unable to secure or protect its intellectual property; the possibility that SMX may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in SMX’s filings from time to time with the Securities and Exchange Commission.

SMX (Security Matters)

EMAIL: info@securitymattersltd.com

SOURCE: SMX (Security Matters) Public Limited

View the original press release on ACCESS Newswire

Highlights

• Nano One, via Arkansas Lithium Technology Accelerator (ALTA), expands and catalyzes its network across Arkansas with stakeholders in government, industry, academia, defence, and the investment community.

• Sparks broader exposure to world-class lithium and commercial opportunities in Arkansas, and US priorities on energy growth, national security, and supply chain resilience.

• Reinforces Nano One’s position as the only OBBB-ready LFP solution, connecting upstream minerals to downstream cell production.

VANCOUVER, BC / ACCESS Newswire / August 8, 2025 / (TSX:NANO)(OTCQB:NNOMF)(Frankfurt:LBMB) Nano One® Materials Corp. (“Nano One” or the “Company”), a process technology company specializing in lithium-ion battery cathode active materials, is pleased to provide an update on its participation in the Arkansas Lithium Technology Accelerator (ALTA), the first US-based accelerator aimed at catalyzing a domestic, durable, and resilient lithium-ion battery supply chain. Through ALTA, Nano One has added to its strategic insights, broadened its US presence and industrial relationships, and further validated the critical advantages of its One-Pot™ process for localizing lithium iron phosphate (LFP) cathode production in North America.

“Nano One’s participation was critical to the success of ALTA’s first cohort, and the feedback from Arkansas’ community, industry, and state government leaders has been overwhelmingly positive,” said Arthur Orduña, Executive Director of The Venture Center. “We believe Nano One’s strategy, leadership, and technology will be key to developing a localized US battery supply chain. Their cathode manufacturing process targets the most critical gap in our nation’s supply chain, the midstream, with a disruptive innovation that leapfrogs and significantly improves on current processes so we can accelerate breaking our dependence on overseas manufacturing. This aligns with Governor Sanders’ and Commerce Secretary Hugh McDonald’s vision of leveraging Arkansas’ world-class lithium reserves to attract the best upstream and midstream technology providers, maximize statewide economic benefits, and reduce reliance on adversarial supply chains. The strength of ALTA’s first cohort, featuring Nano One and supported by industry leaders like founding partner Standard Lithium, is a good first step toward turning that vision into a true lithium economy.”

Participation in ALTA enabled Nano One to engage with key stakeholders in government, industry, academia, and the investment community. The Company toured Standard Lithium’s demonstration facilities, gaining valuable perspective on Arkansas’ lithium resources and the state’s commitment to innovation. Arkansas’ pro-business environment, strong ties to defence, and legacy in natural resource development make it an ideal partner in the localization of lithium supply chains. This includes extraction, refining and value-added processing into LFP cathode materials for battery energy storage systems (BESS)-a cornerstone of future-ready grid infrastructure-AI data centers, military and automotive applications.

The program culminated in Demo Day, showcasing the collective strength of ALTA’s inaugural cohort. Nano One was one of only three companies selected to participate, alongside leaders in lithium processing and geothermal technology. Backed by Standard Lithium, the Walton Family Foundation, and a network of Arkansas-based producers, government agencies, and institutions, ALTA is fostering next-generation collaboration between emerging innovators and established players.

Nano One is the only OBBB-ready solution for LFP that can directly link upstream mineral extraction to downstream cell manufacturing. The Company’s One-Pot™ process vertically integrates precursor preparation with processing to drive down cost and it also eliminates foreign-controlled inputs, wastewater byproducts, and permitting barriers that challenge traditional cathode supply chains. It enables cost-effective, modular deployment of localized CAM production across North America.

“ALTA broadened our exposure to US energy growth, its security mandate and localization efforts in Arkansas’ ecosystem,” said Dan Blondal, CEO of Nano One. “Our technology is purpose-built for North American scale-up, and the interest we received confirms that our strategy is accurately focused on a large opportunity in Arkansas that is real and growing. We look forward to working with ALTA to nurture and deepen our presence, collaborations and partnerships across the region.”

###

About Nano One®
Nano One® Materials Corp. (Nano One) is a technology company changing how the world makes cathode active materials for lithium-ion batteries. Applications include stationary energy storage systems (ESS), portable electronics, and electric vehicles (EVs). The Company’s patented One-Pot process reduces costs, is easier-to permit, lowers energy intensity, environmental footprint, and reliance on problematic supply chains. The Company is helping to drive energy security, supply chain resilience, industrial competitiveness and increased performance through process innovation. Scalability is proven and being demonstrated at Nano One’s LFP (lithium-iron-phosphate) pilot production plant in Québec-leveraging the only facility and expertise of its kind outside of Asia. Strategic collaborations and partnerships with international companies like Sumitomo Metal Mining, Rio Tinto, and Worley are supporting a design-one-build-many licensing growth strategy-delivering cost-competitive, easier-to-permit and faster-to-market battery materials production solutions world-wide. Nano One has received funding from the Government of Canada, the Government of the United States, the Government of Québec, and the Government of British Columbia. For more information, please visit www.nanoone.ca

Company Contact:
Paul Guedes
info@nanoone.ca
+1 (604) 420-2041

About ALTA
The Arkansas Lithium Technology Accelerator (ALTA) is a groundbreaking new program from The Venture Center designed to position Arkansas – and the U.S. – as a global leader in lithium technology and battery supply chain innovation. ALTA brings together Arkansas’ top lithium producers, including Standard Lithium, Albemarle, Lanxess, and Tetra, with a hand-picked cohort of technology companies solving real-world problems in energy, materials, and critical mineral processing. This one-of-a-kind, business-driven accelerator provides companies with direct access to customers, investors, and state resources – helping them scale faster and build a presence in Arkansas.

Cautionary Notes and Forward-Looking Statements
Certain information contained herein may constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking information includes but is not limited to: LFP production, joint ventures, contracted projects, revenue generation, operational growth, licensing, government funding, the development of technology, supply chains, and plans for construction and operation of cathode production facilities; the Company’s current and future business and strategies; estimated future working capital, funds available, and uses of funds, future capital expenditures and other expenses for commercial operations; industry demand; incurrence of costs; competitive conditions; general economic conditions; the intention to grow the business, operations and potential activities of the Company; the functions and intended benefits of Nano One’s technology and products; the development and optimization of the Company’s technology and products; prospective partnerships and the anticipated benefits of both the Company’s current and prospective partnerships; the ability to attract and retain key talent; the Company’s licensing and, the scalability of developed technology to meet expanded capacity; and the execution of the Company’s stated plans – which are contingent on access to capital and grants. Generally, forward-looking information can be identified by the use of terminology such as ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’, ‘target’, ‘goal’, ‘potential’ or variations of such words and phrases or statements that certain actions, events or results “will” occur.

Forward-looking statements are based on the current opinions and estimates of management as of the date such statements are made are not, and cannot be, a guarantee of future results or events. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including but not limited to: general and global economic and regulatory changes; next steps and timely execution of the Company’s business plans; the development of technology, supply chains, and plans for construction and operation of cathode production facilities; successful current or future collaborations that may happen with OEM’s, miners or others; the execution of the Company’s plans which are contingent on capital sources; the Company’s ability to achieve its stated goals; the commercialization of the Company’s technology and patents via license, joint venture and independent production; anticipated global demand and projected growth for LFP batteries; and other risk factors as identified in Nano One’s MD&A and its Annual Information Form dated March 25, 2025, both for the year ended December 31, 2024, and in recent securities filings for the Company which are available at www.sedarplus.ca. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake any obligation to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

SOURCE: Nano One Materials Corp.

View the original press release on ACCESS Newswire

A new collaboration with one of racing’s biggest names kicks off this weekend in Sheboygan, Wisconsin

FT LAUDERDALE, FL / ACCESS Newswire / August 8, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) (“Vision Marine” or the “Company”), a pioneer in high-voltage electric marine propulsion and a multi-brand boat retailer with a strong dealership network across Florida, Nautical Ventures, your go-to people for fun on the water, is proud to announce its collaboration with Shaun Torrente Racing (STR) for the 2025 Offshore Super Stock Series-bringing championship racing energy into the heart of the Nautical Ventures community.

This exciting collaboration pairs Nautical Ventures with Shaun Torrente, a multiple UIM World Champion, XCAT World Champion, and one of the most respected names in offshore powerboat racing. As throttleman for STR, Torrente teams up with driver Matt Jamniczky aboard their custom STR Powerboat, carrying Nautical Ventures branding as they compete across the U.S. this season.

With nine locations across Florida and a lineup that includes everything from pontoons to tenders to electric boats, Nautical Ventures is all about delivering the best on-water experiences-whether you’re relaxing with family or diving into performance. Since 2020, the company has sold and rigged over 1,900 Mercury outboards, helping customers make the most of their time on the water.

Shaun Torrente’s connection to Nautical Ventures and parent company Vision Marine runs deep. He played a leading role in Vision Marine’s historic 116 mph electric speed record at the Lake of the Ozarks Shootout, showcasing how innovation and adrenaline can go hand in hand.

“I’m excited to welcome Vision Marine and Nautical Ventures as part of the STR team,” said Shaun Torrente. “This is more than a sponsorship-it’s a strong collaboration rooted in real alignment and shared passion. We’ve already made history together once, and with the season heating up, I’m glad to have them onboard as we push for even more wins.”

The 2025 Offshore Super Stock season continues this weekend at the Sheboygan, Wisconsin Grand Prix, running August 8-10. If you’re a fan of power, precision, and high-performance boating, this is one race you won’t want to miss.

About Nautical Ventures
At Nautical Ventures, we’re the go-to people for fun on the water. With nine Florida locations and one of the widest selections of boats, tenders, electric vessels, outboards, and water toys in the U.S., we make it easy to find your dream boat-and everything you need to enjoy it. Whether you’re cruising, fishing, exploring, or just relaxing, our team is here to help you get out there and make the most of every moment on the water.

More about Nautical Ventures promotion can be found at: https://www.nauticalventures.com/

About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ:VMAR) is a technology company specializing in high-voltage electric propulsion systems for the marine industry. The Company’s flagship product, the E-Motion™ 180E, is a fully industrialized high-voltage electric outboard system for recreational boating, validated through partnerships with leading industry players.

With the recent acquisition of Nautical Ventures Group, Vision Marine has expanded its sales and service network on the East Coast of the United States. Through Nautical Ventures’ multi-brand retail operations, Vision Marine now offers both traditional internal combustion engine (ICE) boats and next-generation electric propulsion solutions, providing a full range of products to meet the current and evolving needs of recreational boaters.

For more information, visit https://investors.visionmarinetechnologies.com/

Forward-Looking Statements
The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include Vision Marine’s plans for commercial deployment, expansion of sales and service capabilities, and market adoption of its electric propulsion systems. These statements are subject to risks and uncertainties, including the Company’s ability to execute its growth strategy, integrate new operations, and drive market adoption. Actual results may differ materially from those projected. Vision Marine undertakes no obligation to update forward-looking statements, except as required by law.

Investor and Company Contact:
Bruce Nurse
Investor Relations
(303) 919‑2913
bn@v‑mti.com

SOURCE: Vision Marine Technologies Inc

View the original press release on ACCESS Newswire

SALT LAKE CITY, UT / ACCESS Newswire / August 8, 2025 / FatPipe, Inc. (NASDAQ:FATN) (“FatPipe” or the “Company”), a pioneer in enterprise-class, application-aware, secure software-defined wide area network (“SD-WAN”) solutions that provide the highest levels of reliability, security, and optimization for Wide Area Networks (WANs) is pleased to announce that the global research and advisory firm, Info-Tech Research Group, has identified FatPipe Inc. #1 for Product and #1 for Support in its 2025 SD-WAN Midmarket Report. The report findings are based on data from user reviews on the firm’s SoftwareReviews platform, the leading source for insights on the software provider landscape. FatPipe is a pioneer in software-defined wide area networking (SD‑WAN) technology, delivering secure, high-performance connectivity solutions for enterprises across the globe.

Info-Tech Research Group’s Data Quadrant report measures the complete software experience to provide a comprehensive perspective on product features and capabilities compared to the provider relationship. These reports recognize outstanding software providers in the technology marketplace as evaluated by users. Providers receive satisfaction scores across:

• Net emotional footprint (+96)

• Product features satisfaction (93%)

• Likelihood to recommend (97%)

These scores are aggregated to result in emotional response ratings (Net Emotional Footprint). FatPipe Inc. received a Net Emotional Footprint of +96 for ease of administration, business value created, and ease of implementation.

FatPipe’s recognition in the report highlights its industry-leading SD‑WAN solutions, which deliver enterprise-grade performance, secure application-aware routing, and seamless failover across hybrid networks. Its integrated cybersecurity stack, including SASE features and real-time monitoring, ensures uninterrupted connectivity and enhanced visibility, even during outages or security incidents.

“We’re honored to be recognized among the leaders in this report. Our team’s commitment to delivering enterprise-grade SD‑WAN solutions with unmatched performance, security, and ease of management remains our top priority” said Sanchaita Data, President and CTO of FatPipe Inc.

Info-Tech’s Emotional Footprint Award is based on authentic user-review data, collected and meticulously verified. The Data Quadrant Award is based on verified feedback from IT and business professionals and indicates product rankings and categorization.

This recognition underscores FatPipe’s ongoing commitment to innovation, reliability, and delivering measurable value to enterprise customers worldwide. Being named a leader by Info-Tech Research Group underscores the trust customers place in FatPipe and its mission to simplify and secure network infrastructure.

To learn more about FatPipe’s award-winning SD‑WAN and cybersecurity solutions, visit www.fatpipe.com or connect with the team at sales123@fatpipeinc.com.

About Info-Tech Research Group

Info-Tech Research Group is one of the world’s leading research and advisory firms, serving over 30,000 IT and HR professionals. It provides unbiased research and advisory services to help leaders make strategic, timely, and informed decisions. Info-Tech’s divisions include SoftwareReviews for software buying insights and McLean & Company for HR research.

About FatPipe, Inc.

FatPipe pioneered the concept of software-defined wide area networking (SD-WAN) and hybrid WANs that eliminate the need for hardware and software or cooperation from ISPs and allows companies and service providers to control multi-link network traffic. FatPipe introduced a full single stack cybersecurity solution designed to be sold to the same customer profile, and buyer as FatPipe. FatPipe currently has 12 U.S. patents related to multipath, software-defined networking. FatPipe products are sold by 200+ resellers worldwide. For more information, visit www.fatpipe.com. Follow us on X @FatPipe_Inc.

Company Contact Info

IR.Press@fatpipeinc.com Please contact the company through this email, for scheduling a conversation with senior management. Responses will be provided within 24 business hours.

Investor Contact

Dave Gentry, CEO
RedChip Companies, Inc.
1.800.RED.CHIP (733-2447)
FATN@redchip.com

SOURCE: FatPipe Networks

View the original press release on ACCESS Newswire

FRISCO, TX / ACCESS Newswire / August 8, 2025 / GameSquare Holdings, Inc. (NASDAQ:GAME), (“GameSquare”, or the “Company”), announced today that it expects to release its second quarter 2025 financial results after the close of business on Thursday, August 14, 2025. A copy of the news release will be available on the investor website.

Shareholders, investors, interested parties, and media are encouraged to join the Company’s earnings call via webcast on Thursday, August 14, 2025, at 5:00 p.m. ET. The call will be hosted by Justin Kenna, GameSquare’s CEO and will be joined by other members of GameSquare’s management team. Please join the call at

https://event.choruscall.com/mediaframe/webcast.html?webcastid=LyzeEplj

About GameSquare Holdings, Inc.

GameSquare (NASDAQ:GAME) is a cutting-edge media, entertainment, and technology company transforming how brands and publishers connect with Gen Z, Gen Alpha, and Millennial audiences. With a platform that spans award-winning creative services, advanced analytics, and FaZe Clan, one of the most iconic gaming organizations, we operate one of the largest gaming media networks in North America. Complementing our operating strategy, GameSquare operates a blockchain-native Ethereum treasury management program designed to generate onchain yield and enhance capital efficiency, reinforcing our commitment to building a dynamic, high-performing media company at the intersection of culture, technology, and next-generation financial innovation.

To learn more, visit www.gamesquare.com.

Corporate Contact
Lou Schwartz, President
Phone: (216) 464-6400
Email: ir@gamesquare.com

Investor Relations
Andrew Berger
Phone: (216) 464-6400
Email: ir@gamesquare.com

Media Relations
Chelsey Northern / The Untold
Phone: (254) 855-4028
Email: pr@gamesquare.com

SOURCE: GameSquare Holdings, Inc.

View the original press release on ACCESS Newswire

Skineez® Launches First-Ever Reversible Medical Grade Compression Sock-Made in the USA

Clinically Proven, Skincare-Infused, and Changing Lives Nationwide

SUDBURY, MA / ACCESS Newswire / August 7, 2025 / Skineez®, a proudly woman-owned wellness apparel brand, has just launched a revolutionary new product: the EZ Comfort™ Reversible Medical Grade Compression Sock. This industry-first innovation combines therapeutic compression with patented skincare technology-and it’s made entirely in the USA. Even better? Each pair gives customers two colors for the price of one, delivering unmatched value without compromising on comfort or performance.

No other brand has ever been able to design or engineer a reversible medical-grade compression sock – until now. Skineez has achieved what the industry said couldn’t be done, delivering a solution that blends clinical function, skin health, and fashion-forward versatility.

In a market strained by global tariffs and supply chain instability, Skineez is proudly leading the charge for domestic manufacturing, quality craftsmanship, and life-changing wellness solutions. Already leading the category in national pharmacies, wellness, and medical retail channels, Skineez is setting a new standard in comfort, skincare, and clinically proven performance.

“We created this product so we could continue to do well by doing good,” said Michelle Moran, Founder of Skineez. “With EZ Comfort Reversibles, we’ve united innovation, skincare, and comfort in a way no other compression brand has-and we’re doing it while supporting American jobs and delivering real health benefits.”

Clinically Proven to Deliver Results
The EZ Comfort Reversible Compression socks are FDA-cleared and clinically proven to do more than just provide compression. In clinical testing:

• 80% of users reported softer, smoother skin after just one hour of wear

• 19% of users saw a measurable improvement in skin elasticity

Skineez has been tested and recommended by leading orthopedic surgeons and dermatologists for its ability to support circulation, reduce swelling, and improve overall skin health.

Infused with six skin-nourishing ingredients – including retinol, shea butter, and apricot kernel oil – Skineez socks hydrate and protect the skin while supporting circulation and healing. They are especially beneficial for individuals managing:

• Lymphedema

• Diabetes

• Neuropathy

• Poor circulation and swelling

• Pain relief

What Makes EZ Comfort™ Revolutionary

• First-of-its-Kind: The only reversible medical-grade compression sock on the market

• Two Looks in One: Classic black reverses to Midnight Navy, Deep Gray, or Mocha Brown

• Two-in-One Value: Two colors for the price of one – unmatched savings for consumers

• Infused with Skincare: Patented microencapsulation technology hydrates and softens skin

• Clinically Validated: Increases circulation, reduces swelling and pain

• Made in the USA: Designed, developed, and manufactured domestically

• Mission-Driven: Created by a woman-owned business to deliver value, comfort, and impact

• Retail-Proven: Leading the compression category at point of sale

From patients to healthcare workers, athletes to everyday wearers, Skineez EZ Comfort Reversible Compression Socks offers the value of two socks in one, the health benefits of a medical device, and the luxury of skincare in every step.

A Booming Market with Expanding Needs
The global compression therapy market is projected to surpass $6.5 billion by 2030, driven by rising rates of diabetes, chronic venous disorders, and an aging population. In the U.S. alone, tens of millions of people rely on compression garments daily-from post-surgical recovery and lymphedema to long shifts on their feet and circulation support while traveling.

Yet traditional compression wear is often tight, itchy, and drying to the skin, making long-term use uncomfortable. Skineez solves this problem through our patented microencapsulation technology, which infuses each garment with six skin-nourishing ingredients. The result? A garment so soft and hydrating, it feels like a second skin-combining therapeutic support with skincare comfort in every wear. As demand grows, consumers are seeking smarter solutions-and Skineez delivers.

For media inquiries, samples, or to schedule an interview with Skineez Founder Michelle Moran, please contact:

Mina Tamburrini
Operations Manager, Skineez
Phone: 508-808-1282
Email: mina@myskineez.com | orders@myskineez.com
Website: www.myskineez.com

About Skineez®
Skineez is a certified woman-owned company on a mission to transform wellness wear. With patented, clinically proven skincare-infused compression technology, Skineez products are trusted by doctors and patients alike. Proudly made in the USA, Skineez is redefining the category with products that heal, hydrate, and help people feel better in their skin-one step at a time. Its mission is to provide high-end patented FDA-cleared products that are healthier and affordable for better healthcare outcomes.

The entire line of products is available at more than 18,000 medical and retail outlets including Walmart, CVS Health, Amazon, Costco, AAFES, Cardinal Health, and independent pharmacies.

SOURCE: Skineez

View the original press release on ACCESS Newswire

WHITE PLAINS, NY / ACCESS Newswire / August 7, 2025 / Financial Results Summary (unaudited)

Consensus Mining & Seigniorage Corporation (“CMSG” or “the Company”) announced net income for the quarter ended June 30, 2025 (the “Period”) of $6.7 million, or $2.99 per share, as compared to a net loss of $1.7 million, or $0.76 per share, for the prior comparable quarter of 2024.

The Company also reported net income of $4.0 million, or $1.80 per share, for the six months ended June 30, 2025 as compared to net income of $5.4 million, or $2.40 per share, for the prior comparable year-to-date period.

Book value per share increased to $43.59 at June 30, 2025 as compared to $41.79 at the end 2024.

The Company generated $1.1 million in mining revenue for the Period, compared to $1.4 million for the quarter ended June 30, 2024. The decrease was primarily the result of lower Bitcoin rewards subsequent to the April 2024 halving, which was partially offset by higher scrypt mining revenue resulting from higher average prices of Dogecoin.

The Company has Bitcoin mining operations of 156 petahash and scrypt mining operations for Litecoin/Dogecoin of 5,998 gigahash as of June 30, 2025. The Company acquired 46 Antminer L9 machines used for scrypt mining during the second quarter of 2025 and 82 for the year to date period. These second quarter acquisitions added 736 gigahash to the Company’s scrypt mining hashrate. Our cost per megahash for this acquired equipment dropped from $0.70 per megahash to $0.58 per megahash.

During Q2 2025, the Company mined 5.8 Bitcoin (BTC) and 665 Litecoin (LTC), all of which were retained. In addition, as a result of the scrypt mining process, the Company mined approximately 2.5 million Dogecoin (DOGE), which were sold for approximately $0.5 million. A portion of the DOGE mining rewards was used to acquire 0.9 BTC, bringing the total amount of Bitcoin added for the quarter to 6.7 Bitcoin.

The Company’s quarter-end cryptocurrency holdings were primarily 334 BTC and 11,474 LTC, which were valued at $35.8 million and $1.0 million respectively. The Period-end value of all cryptocurrency holdings was $36.9 million.

The cost of revenue, a figure that largely consists of hosting costs, was $0.7 million for the second quarter of 2025, consistent with $0.7 million for the prior comparable quarter.

Operating expenses-which include depreciation of mining equipment as well as general administrative expenses-declined from $0.9 million in the second quarter of 2024 to $0.8 million in the second quarter of 2025. This was primarily due to lower depreciation expenses for certain equipment becoming fully depreciated or disposed of during the second half of 2024.

For the Period, the Company reported an operating loss of $0.4 million, compared to an operating loss of $0.2 million for the comparable period of 2024.

Non-operating income for the Period, including changes in the fair value of our cryptocurrency holdings-coupled with interest income-was income of $8.8 million, as compared to a loss of $2.0 million in the second quarter of 2024. The increase was primarily a result of higher fair value of our cryptocurrency holdings.

Upcoming Shareholder Call

The Company has also announced an upcoming shareholder call with Chief Strategy Officer, Murray Stahl, on August 14, 2025. This call marks the successful conclusion of its application process with OTC and FINRA; its common stock is now quoted on the OTCQX under the ticker CMSG. The Company has 2,250,009 shares outstanding, out of 5,000,000 shares authorized.

Thursday, August 14, 2025 3pm EST

Online Webinar: REGISTER HERE
Phone Access: +1 (562) 247-8422 Access Code: 578-432-742
Only online participants can submit questions during the webinar.

Formally founded in 2021, CMSG is a dedicated cryptocurrency mining company, formed from the merger of two predecessor mining entities-Horizon Kinetics Cryptocurrency Mining LLC I and II. Across eight years of combined operating history, the firm that is now CMSG has delivered positive operating cash flows even throughout prolonged “crypto winters.”

The Company’s long-term mission is to steadily accumulate Bitcoin and other fixed-supply cryptocurrencies via self-sustaining, cash-flow positive cryptocurrency mining operations. Mirroring its measured capital deployment strategy, CMSG operates under a conservative capital structure with ample liquidity. It likewise maintains minimal overhead and a lean cost structure to enhance profitability and sustainable return on equity.

This press release shall constitute neither an offer to sell-nor the solicitation of an offer to buy-any securities. Nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Consensus Mining & Seigniorage Corporation
Balance Sheets

Consensus Mining & Seigniorage Corporation
Statements of Operations

About CMSG

Consensus Mining & Seigniorage Corporation (OTCQX:CMSG) is a cryptocurrency mining company created with strategic partnerships in hosting, repair, and management. This enables CMSG to operate with minimal overhead and enhanced profitability, and with a conservative capital structure that allows for flexible and patient capital allocation. For more information, please visit www.consensusmining.com.

Investor Relations Contact:
IR@consensusmining.com

SOURCE: Consensus Mining & Seigniorage Corporation

View the original press release on ACCESS Newswire

Please note that the limited information that follows in this press release is a summary and is not adequate for making an informed investment decision.

MCLEAN, VA / ACCESS Newswire / August 7, 2025 / Gladstone Land Corporation (Nasdaq:LAND) (“Gladstone Land” or the “Company”) today reported financial results for the second quarter and year ended June 30, 2025. A description of funds from operations (“FFO”), core FFO (“CFFO”), and adjusted FFO (“AFFO”), all non-GAAP (generally accepted accounting principles in the United States) financial measures, appear at the end of this press release. All per-share references are to fully-diluted, weighted-average shares of common stock, unless noted otherwise. For further detail, please refer to the Quarterly Report on Form 10-Q (the “Form 10-Q”), which is available on the Investors section of the Company’s website at www.GladstoneLand.com.

Second Quarter 2025 Activity:

• Timing Shift in Earnings Recognition: For the 2025 crop year, we modified lease agreements on six of our farms by reducing or eliminating fixed base rent amounts and, in some cases, providing cash lease incentives to certain tenants in exchange for significantly increasing the participation rent components. Additionally, we are currently operating two properties (encompassing four farms) under management agreements with third-party operators. As a result of these changes, we expect revenues from fixed base rents to be significantly lower throughout the year, while participation rents are anticipated to be considerably higher. This shift will delay the timing of revenue recognition and increase our reliance on participation rents, which are typically recognized once crop results are known, generally in the fourth quarter. As such, the majority of our revenue and annual earnings for 2025 are expected to be recognized in the fourth quarter.

• Portfolio Activity-Lease Activity: Executed four lease agreements expected to increase annual net operating income by approximately $166,000, or 9.3%, compared to the prior leases.

• Debt Activity-Loan Refinancing: Secured a new $10.6 million loan bearing interest at 6.31% (fixed for three years), which was used to repay a $10.3 million maturing loan that bore interest at 3.85%.

• Paid Distributions: Paid monthly cash distributions totaling $0.1401 per share of common stock during the quarter ended June 30, 2025.

Second Quarter 2025 Results:

Net loss for the quarter was approximately $7.9 million, compared to approximately $823,000 in the prior-year quarter. Net loss attributable to common stockholders during the quarter was approximately $13.9 million, or $0.38 per share, compared to approximately $6.7 million, or $0.19 per share, in the prior-year quarter. AFFO for the quarter was approximately $(3.5) million, or $(0.10) per share, compared to approximately $3.7 million, or $0.10 per share, in the prior-year quarter. Common stock dividends declared were approximately $0.14 per share for both periods.

Total cash lease revenues decreased, primarily due to a $6.8 million reduction in fixed base cash rents. This decrease was largely driven by modifications of certain lease agreements, as noted above, and ongoing vacancy and tenancy issues. Participation rents also decreased by approximately $975,000, primarily due to the accelerated recognition of certain revenue amounts in the prior year, as some information became available earlier than usual, enabling us to record those amounts in the first half of the year.

Excluding the second-quarter reversal of a capital gains fee earned during the first quarter of 2025, aggregate related-party fees decreased by approximately $67,000 during the current quarter, primarily due to a lower base management fee resulting from the sale of 19 farms since December 31, 2023. The capital gains fee is not payable until after the end of the fiscal year and is subject to further adjustment throughout the year if and when we dispose of additional assets. Excluding related-party fees, our remaining cash operating expenses decreased by approximately $135,000, primarily driven by a reduction in general and administrative expenses, particularly lower stockholder-related costs and reduced professional fees. This was partially offset by higher property operating expenses due to additional costs incurred to protect water rights on certain farms in California and elevated expenses related to farms that were vacant, direct-operated, or on non-accrual status, particularly increased property taxes. Interest expense decreased due to debt repayments made over the past year.

Cash flows from operations for the current quarter decreased by approximately $12.0 million compared to the prior-year quarter, primarily due to a reduction in cash received from fixed lease payments as a result of the lease modifications noted above, as well as lower cash collections from farms that were vacant, direct-operated, or on non-accrual status.

Subsequent to June 30, 2025:

• Portfolio Activity-California Water Activity: Purchased 1,530 gross acre-feet of water at a total cost of approximately $583,000, or approximately $381 per gross acre-foot.

• Debt Activity-Loan Repayments: Repaid a $10.4 million maturing bond that bore interest at a stated rate of 4.45%.

• Third Quarter Distributions: Declared monthly cash distributions of $0.0467 per share of common stock for each of July, August, and September (totaling $0.1401 per share of common stock for the quarter).

Comments from David Gladstone, President and CEO of Gladstone Land: “With the approach we’ve taken on certain of our western permanent crop farms, our earnings for 2025 will be more dependent on participation rents than in prior years, with the large majority expected to be recognized in the fourth quarter. We believe this structure will be the most profitable arrangement for this specific group of farms for the 2025 crop year, supported by their history of high yields and strong crop insurance coverage. Market trends for pistachios and almonds, the crops to which we are most exposed within this group, appear to be mostly positive. Pistachio prices are holding steady amid strong demand, with the recently announced minimum price for the 2025 crop matching last year’s level, in line with our expectations. Almonds prices, after an initial dip following the release of the Almond Objective Forecast, have since rebounded somewhat and are currently 5% to 10% higher than they were at this time last year, and significantly above 2023 levels. We view these lease modifications as a temporary measure and continue to aim for a return to standard lease structures that include fixed base rents. If we are unable to reach satisfactory lease terms with tenants on these farms in the near future, we may also consider selling certain of these farms. In the meantime, we remain focused on enhancing long-term farm viability by pursuing opportunities to acquire additional water resources at below-market prices, further strengthening water security for our farms and growers. Our balance sheet remains in excellent condition, with nearly 100% of our outstanding debt held at fixed interest rates. We also continue to maintain strong liquidity, with over $150 million in immediately-available capital and more than $165 million in unencumbered properties that could be pledged as additional collateral, if needed.”

Quarterly Summary Information
(Dollars in thousands, except per-share amounts)

(1) Includes cash dividends paid on our cumulative redeemable preferred stock and the net gain recognized as a result of shares of cumulative redeemable preferred stock that were redeemed.
(2) Represents our pro-rata share of depreciation expense recorded in unconsolidated entities.
(3) Consists primarily of (i) net property and casualty losses (recoveries) recorded and the cost of related repairs expensed as a result of damage to improvements on certain of our farms caused by certain non-recurring events, (ii) one-time legal costs incurred related to certain corporate organizational matters, and (iii) the capital gains fee and subsequent adjustment recorded during the three months ended June 30, 2025, which is not due until after the end of the fiscal year and is subject to further adjustment throughout the remainder of the year.
(4) This adjustment removes the effects of straight-lining rental income, as well as the amortization related to above-market lease values and certain noncash lease incentives and accretion related to below-market lease values, deferred revenue, and tenant improvements, resulting in rental income reflected on a modified accrual cash basis. The effect to AFFO is that cash rents received pertaining to a lease year are normalized over that respective lease year on a straight-line basis, resulting in cash rent being recognized ratably over the period in which the cash rent is earned.
(5) Consists of (i) the net (gain) loss recognized as a result of shares of cumulative redeemable preferred stock that were redeemed, which were non-cash (gains) charges, (ii) our remaining pro-rata share of (income) loss recorded from investments in unconsolidated entities, and (iii) plus (less) net non-cash expense (income) recorded as a result of additional water assets used (received) in certain transactions.
(6) Consists of the initial acquisition price (including the costs allocated to both tangible and intangible assets acquired and liabilities assumed), plus subsequent improvements and other capitalized costs associated with the properties, and adjusted for accumulated depreciation and amortization.
(7) Consists of the principal balances outstanding of all indebtedness, including our lines of credit, notes and bonds payable, and our Series D Term Preferred Stock.
(8) Based on farmable acreage; includes direct-operated farms.

Conference Call for Stockholders: The Company will hold a conference call on Friday, August 8, 2025, at 8:30 a.m. (Eastern Time) to discuss its earnings results. Please call (877) 407-9046 to join the conference call. An operator will monitor the call and set a queue for any questions. A conference call replay will be available after the call and will be accessible through August 15, 2025. To hear the replay, please dial (877) 660-6853, and use playback conference number 13754183. The live audio broadcast of the Company’s conference call will also be available online on the Investors section of the Company’s website, www.GladstoneLand.com.

About Gladstone Land Corporation:

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. The Company currently owns 150 farms, comprised of approximately 103,000 acres in 15 different states and over 55,000 acre-feet of water assets in California. Gladstone Land’s farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, blueberries, figs, olives, pistachios, and wine grapes, which are generally planted every 20-plus years and harvested annually. Over 30% of the Company’s fresh produce acreage is either organic or in transition to become organic, and nearly 20% of its permanent crop acreage falls into this category. Gladstone Land pays monthly distributions to its stockholders and has paid 150 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The current per-share distribution on its common stock is $0.0467 per month, or $0.5604 per year. Additional information, including detailed information about each of the Company’s farms, can be found at www.GladstoneLand.com.

Owners or brokers who have farmland for sale in the U.S. or those looking to buy farms should contact:

• Western U.S. – Bill Reiman at (805) 263-4778 or Bill.R@GladstoneLand.com;

• Midwestern U.S. and Mid-Atlantic U.S. – Joey Van Wingerden at (703) 287-5914 or Joe.V@GladstoneLand.com; or

• Southeastern U.S. – Brett Smith at (904) 687-5284 or Brett.S@GladstoneLand.com.

Lenders who are interested in providing us with long-term financing on farmland should contact Jay Beckhorn at (703) 587-5823 or Jay.Beckhorn@Gladstone.com.

For stockholder information on Gladstone Land, call (703) 287-5893. For Investor Relations inquiries related to any of the monthly dividend-paying Gladstone funds, please visit www.GladstoneCompanies.com.

Non-GAAP Financial Measures:

FFO: The National Association of Real Estate Investment Trusts (“NAREIT”) developed FFO as a relative non-GAAP supplemental measure of operating performance of an equity REIT in order to recognize that income-producing real estate historically has not depreciated on the basis determined under GAAP. FFO, as defined by NAREIT, is net income (computed in accordance with GAAP), excluding gains (or losses) from sales of property and impairment losses on property, plus depreciation and amortization of real estate assets, and after adjustments for unconsolidated partnerships and joint ventures. The Company believes that FFO per share provides investors with an additional context for evaluating its financial performance and as a supplemental measure to compare it to other REITs; however, comparisons of its FFO to the FFO of other REITs may not necessarily be meaningful due to potential differences in the application of the NAREIT definition used by such other REITs.

CFFO: CFFO is FFO, adjusted for items that are not indicative of the results provided by the Company’s operating portfolio and affect the comparability of the Company’s period-over-period performance. These items include certain non-recurring items, such as acquisition- and disposition-related expenses, the net incremental impact of operations conducted through our taxable REIT subsidiary, income tax provisions, and property and casualty losses or recoveries. Although the Company’s calculation of CFFO differs from NAREIT’s definition of FFO and may not be comparable to that of other REITs, the Company believes it is a meaningful supplemental measure of its sustainable operating performance. Accordingly, CFFO should be considered a supplement to net income computed in accordance with GAAP as a measure of our performance. For a full explanation of the adjustments made to arrive at CFFO, please read the Form 10-Q, filed today with the SEC.

AFFO: AFFO is CFFO, adjusted for certain non-cash items, such as the straight-lining of rents and amortizations into or against rental income (resulting in cash rent being recognized ratably over the period in which the cash rent is earned). Although the Company’s calculation of AFFO differs from NAREIT’s definition of FFO and may not be comparable to that of other REITs, the Company believes it is a meaningful supplemental measure of its sustainable operating performance on a cash basis. Accordingly, AFFO should be considered a supplement to net income computed in accordance with GAAP as a measure of our performance. For a full explanation of the adjustments made to arrive at AFFO, please read the Form 10-Q, filed today with the SEC.

A reconciliation of FFO (as defined by NAREIT), CFFO, and AFFO (each as defined above) to net income (loss), which the Company believes is the most directly-comparable GAAP measure for each, and a computation of fully-diluted net income (loss), FFO, CFFO, and AFFO per weighted-average share is set forth in the Quarterly Summary Information table above. The Company’s presentation of FFO, CFFO, or AFFO, does not represent cash flows from operating activities determined in accordance with GAAP and should not be considered an alternative to net income as an indication of its performance or to cash flow from operations as a measure of liquidity or ability to make distributions.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS:

Certain statements in this press release, including, but not limited to, the Company’s ability to maintain or grow its portfolio and FFO, expected increases in capitalization rates, benefits from increases in farmland values, increases in operating revenues, and the increase in NAV per share, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on the Company’s current plans that are believed to be reasonable as of the date of this press release. Factors that may cause actual results to differ materially from these forward-looking statements include, but are not limited to, the Company’s ability to procure financing for investments, downturns in the current economic environment, the performance of its tenants, the impact of competition on its efforts to renew existing leases or re-lease real property, and significant changes in interest rates. Additional factors that could cause actual results to differ materially from those stated or implied by its forward-looking statements are disclosed under the caption “Risk Factors” within the Company’s Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 19, 2025, and certain other documents filed with the SEC from time to time. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Gladstone Land Corporation, (703) 287-5893

SOURCE: Gladstone Land Corporation

View the original press release on ACCESS Newswire