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GAVI OFFICIAL APPLAUDS QATAR FOR PLAYINGPIONEERING ROLE IN GLOBAL IMMUNISATIONSANTA CLARA, Calif., Dec. 3, 2024 /PRNewswire/ -- Couchbase, Inc. (NASDAQ: BASE), the developer data platform for critical applications in our AI world, today announced financial results for its third quarter ended October 31, 2024. "I'm pleased with the continued operational progress of the entire Couchbase team," said Matt Cain, Chair, President and CEO of Couchbase. "We delivered top- and bottom-line results that exceeded our outlook, and we achieved another significant milestone with Capella, which now represents 15.1% of our ARR and one third of our customer base. I remain highly confident in our outlook and ability to achieve our objectives in fiscal 2025." Third Quarter Fiscal 2025 Financial Highlights Recent Business Highlights Financial Outlook For the fourth quarter and full year of fiscal 2025, Couchbase expects: Q4 FY2025 Outlook FY2025 Outlook Total Revenue $52.7-53.5 million $207.2-208.0 million Total ARR $236.5-239.5 million $236.5-239.5 million Non-GAAP Operating Loss $5.7-4.7 million $20.0-19.0 million The guidance provided above is based on several assumptions that are subject to change and many of which are outside our control. If actual results vary from these assumptions, our expectations may change. There can be no assurance that we will achieve these results. Couchbase is not able, at this time, to provide GAAP targets for operating loss for the fourth quarter or full year of fiscal 2025 because of the difficulty of estimating certain items excluded from non-GAAP operating loss that cannot be reasonably predicted, such as charges related to stock-based compensation expense. The effect of these excluded items may be significant. Conference Call Information Couchbase will host a live webcast at 1:30 p.m. Pacific Time (or 4:30 p.m. Eastern Time) on Tuesday, December 3, 2024, to discuss its financial results and business highlights. The conference call can be accessed by dialing 877-407-8029 from the United States, or +1 201-689-8029 from international locations. The live webcast and a webcast replay can be accessed from the investor relations page of Couchbase's website at investors.couchbase.com . About Couchbase As industries race to embrace AI, traditional database solutions fall short of rising demands for versatility, performance and affordability. Couchbase is seizing the opportunity to lead with Capella, the developer data platform for critical applications in our AI world. By uniting transactional, analytical, mobile and AI workloads into a seamless, fully-managed solution, Couchbase empowers developers and enterprises to build and scale applications with complete flexibility – delivering exceptional performance, scalability and cost-efficiency from cloud to edge and everything in between. Trusted by over 30% of the Fortune 100, Couchbase enables organizations to unlock innovation, accelerate AI transformation and redefine customer experiences wherever they happen. Discover why Couchbase is the foundation of critical everyday applications by visiting www.couchbase.com and following us on LinkedIn and X . Couchbase has used, and intends to continue using, its investor relations website and the corporate blog at blog.couchbase.com to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website and the corporate blog in addition to following our press releases, SEC filings and public conference calls and webcasts. Use of Non-GAAP Financial Measures In addition to our financial information presented in accordance with GAAP, we believe certain non-GAAP financial measures are useful to investors in evaluating our operating performance. We use certain non-GAAP financial measures, collectively, to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, may be helpful to investors because they provide consistency and comparability with past financial performance and meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our business, results of operations or outlook. Non-GAAP financial measures are presented for supplemental informational purposes only, have limitations as analytical tools and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP, and may be different from similarly-titled non-GAAP financial measures used by other companies. In addition, other companies, including companies in our industry, may calculate similarly-titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures (provided in the financial statement tables included in this press release), and not to rely on any single financial measure to evaluate our business. Non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating loss, non-GAAP operating margin, non-GAAP net loss and non-GAAP net loss per share: We define these non-GAAP financial measures as their respective GAAP measures, excluding expenses related to stock-based compensation expense, employer payroll taxes on employee stock transactions, restructuring charges and impairment of capitalized internal-use software. We use these non-GAAP financial measures in conjunction with GAAP measures to assess our performance, including in the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies and to communicate with our board of directors concerning our financial performance. For the fourth quarter of fiscal 2024, we excluded the impairment of capitalized internal-use software, a non-cash operating expense, from our non-GAAP results as it is not reflective of ongoing operating results. This impairment charge related to certain previously capitalized internal-use software that we determined would no longer be placed into service. Prior period non-GAAP financial measures have not been adjusted to reflect this change as we did not incur impairment of capitalized internal-use software in any prior period presented. Free cash flow: We define free cash flow as cash used in operating activities less additions to property and equipment, which includes capitalized internal-use software costs. We believe free cash flow is a useful indicator of liquidity that provides our management, board of directors and investors with information about our future ability to generate or use cash to enhance the strength of our balance sheet and further invest in our business and pursue potential strategic initiatives. Please see the reconciliation tables at the end of this press release for the reconciliation of GAAP and non-GAAP results. Key Business Metrics We review a number of operating and financial metrics, including ARR, to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. We define ARR as of a given date as the annualized recurring revenue that we would contractually receive from our customers in the month ending 12 months following such date. Based on historical experience with customers, we assume all contracts will be renewed at the same levels unless we receive notification of non-renewal and are no longer in negotiations prior to the measurement date. For Capella products, ARR in a customer's initial year is calculated as the greater of: (i) initial year contract revenue as described above or (ii) annualized prior 90 days of actual consumption; and ARR for subsequent years is calculated with method (ii). ARR excludes services revenue. Prior to fiscal 2025, ARR excluded on-demand revenue and, for Capella products in a customer's initial year, ARR was calculated solely on the basis of initial year contract revenue. The reason for these changes is to better reflect ARR where usage rates or timing of purchases may be uneven and to better align with how ARR is used to measure the performance of the business. ARR for prior periods has not been adjusted to reflect this change as it is not material to any period previously presented. ARR should be viewed independently of revenue, and does not represent our revenue under GAAP on an annualized basis, as it is an operating metric that can be impacted by contract start and end dates and renewal dates. ARR is not intended to be a replacement for forecasts of revenue. Although we seek to increase ARR as part of our strategy of targeting large enterprise customers, this metric may fluctuate from period to period based on our ability to acquire new customers, expand within our existing customers and consumption dynamics. We believe that ARR is an important indicator of the growth and performance of our business. We also attempt to represent the changes in the underlying business operations by eliminating fluctuations caused by changes in foreign currency exchange rates within the current period. We calculate constant currency growth rates by applying the applicable prior period exchange rates to current period results. Forward-Looking Statements This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include, but are not limited to, quotations of management, the section titled "Financial Outlook" above and statements about the expected client demand for and benefits of our offerings, the impact of our recently-released and planned products and services and our market position, strategies and potential market opportunities. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements include all statements that are not historical facts and, in some cases, can be identified by terms such as "anticipate," "expect," "intend," "plan," "believe," "continue," "could," "potential," "remain," "may," "might," "will," "would" or similar expressions and the negatives of those terms. However, not all forward-looking statements contain these identifying words. Forward-looking statements involve known and unknown risks, uncertainties and other factors, including factors beyond our control, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to: our history of net losses and ability to achieve or maintain profitability in the future; our ability to continue to grow on pace with historical rates; our ability to manage our growth effectively; intense competition and our ability to compete effectively; cost-effectively acquiring new customers or obtaining renewals, upgrades or expansions from our existing customers; the market for our products and services being highly competitive and evolving, and our future success depending on the growth and expansion of this market; our ability to innovate in response to changing customer needs, new technologies or other market requirements, including new capabilities, programs and partnerships and their impact on our customers and our business; our limited operating history, which makes it difficult to predict our future results of operations; the significant fluctuation of our future results of operations and ability to meet the expectations of analysts or investors; our significant reliance on revenue from subscriptions, which may decline and, the recognition of a significant portion of revenue from subscriptions over the term of the relevant subscription period, which means downturns or upturns in sales are not immediately reflected in full in our results of operations; and the impact of geopolitical and macroeconomic factors. Further information on risks that could cause actual results to differ materially from forecasted results are included in our filings with the Securities and Exchange Commission that we may file from time to time, including those more fully described in our Annual Report on Form 10-K for the fiscal year ended January 31, 2024. Additional information will be made available in our Quarterly Report on Form 10-Q for the quarter ended October 31, 2024 that will be filed with the Securities and Exchange Commission, which should be read in conjunction with this press release and the financial results included herein. Any forward-looking statements contained in this press release are based on assumptions that we believe to be reasonable as of this date. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. Couchbase, Inc. Condensed Consolidated Statements of Operations (in thousands, except per share data) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenue: License $ 4,343 $ 4,577 $ 16,444 $ 14,318 Support and other 44,955 39,420 131,185 109,175 Total subscription revenue 49,298 43,997 147,629 123,493 Services 2,330 1,816 6,915 6,455 Total revenue 51,628 45,813 154,544 129,948 Cost of revenue: Subscription(1) 4,866 3,549 13,278 11,067 Services(1) 1,690 1,562 5,423 5,875 Total cost of revenue 6,556 5,111 18,701 16,942 Gross profit 45,072 40,702 135,843 113,006 Operating expenses: Research and development(1) 17,486 15,903 52,703 47,578 Sales and marketing(1) 34,196 31,602 108,119 96,503 General and administrative(1) 12,624 10,739 37,843 30,823 Restructuring(1) — — — 46 Total operating expenses 64,306 58,244 198,665 174,950 Loss from operations (19,234) (17,542) (62,822) (61,944) Interest expense (17) — (46) (43) Other income, net 1,790 1,298 5,062 3,986 Loss before income taxes (17,461) (16,244) (57,806) (58,001) Provision for income taxes 691 11 1,236 780 Net loss $ (18,152) $ (16,255) $ (59,042) $ (58,781) Net loss per share, basic and diluted $ (0.35) $ (0.34) $ (1.16) $ (1.26) Weighted-average shares used in computing net loss per share, basic and diluted 51,831 47,586 50,821 46,724 (1) Includes stock-based compensation expense as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenue—subscription $ 318 $ 130 $ 885 $ 559 Cost of revenue—services 104 119 354 413 Research and development 4,497 3,116 12,704 9,498 Sales and marketing 5,242 4,188 16,627 11,461 General and administrative 5,127 4,202 15,501 11,216 Restructuring — — — 1 Total stock-based compensation expense $ 15,288 $ 11,755 $ 46,071 $ 33,148 Couchbase, Inc. Condensed Consolidated Balance Sheets (in thousands) (unaudited) As of October 31, 2024 As of January 31, 2024 Assets Current assets Cash and cash equivalents $ 33,031 $ 41,351 Short-term investments 108,908 112,281 Accounts receivable, net 28,514 44,848 Deferred commissions 13,297 15,421 Prepaid expenses and other current assets 10,551 10,385 Total current assets 194,301 224,286 Property and equipment, net 7,000 5,327 Operating lease right-of-use assets 5,497 4,848 Deferred commissions, noncurrent 14,485 11,400 Other assets 1,176 1,891 Total assets $ 222,459 $ 247,752 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 4,724 $ 4,865 Accrued compensation and benefits 12,323 18,116 Other accrued expenses 3,981 4,581 Operating lease liabilities 2,150 3,208 Deferred revenue 67,996 81,736 Total current liabilities 91,174 112,506 Operating lease liabilities, noncurrent 3,678 2,078 Deferred revenue, noncurrent 829 2,747 Total liabilities 95,681 117,331 Stockholders' equity Preferred stock — — Common stock — — Additional paid-in capital 676,360 621,024 Accumulated other comprehensive income 119 56 Accumulated deficit (549,701) (490,659) Total stockholders' equity 126,778 130,421 Total liabilities and stockholders' equity $ 222,459 $ 247,752 Couchbase, Inc. Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cash flows from operating activities Net loss $ (18,152) $ (16,255) $ (59,042) $ (58,781) Adjustments to reconcile net loss to net cash used in operating activities Depreciation and amortization 757 399 1,520 2,034 Stock-based compensation, net of amounts capitalized 15,288 11,755 46,071 33,148 Amortization of deferred commissions 4,375 4,500 12,655 13,742 Non-cash lease expense 863 765 2,393 2,313 Foreign currency transaction losses (gains) (60) 484 231 649 Other (456) (804) (1,869) (2,580) Changes in operating assets and liabilities Accounts receivable 2,912 1,577 16,207 9,114 Deferred commissions (5,367) (4,746) (13,616) (13,892) Prepaid expenses and other assets (606) 955 (163) 837 Accounts payable (295) (10) (149) 1,735 Accrued compensation and benefits (1,799) (1,763) (5,790) (3,517) Other Accrued Expenses 632 (1,126) (475) (2,997) Operating lease liabilities (876) (838) (2,501) (2,561) Deferred revenue (14,111) (7,636) (15,658) 313 Net cash used in operating activities (16,895) (12,743) (20,186) (20,443) Cash flows from investing activities Purchases of short-term investments (37,809) (26,141) (75,614) (90,456) Maturities of short-term investments 23,000 41,854 81,144 111,974 Additions to property and equipment (583) (1,066) (2,645) (3,425) Net cash (used in) provided by investing activities (15,392) 14,647 2,885 18,093 Cash flows from financing activities Proceeds from exercise of stock options 1,115 2,703 5,251 7,353 Proceeds from issuance of common stock under ESPP 1,720 1,153 3,515 2,000 Net cash provided by financing activities 2,835 3,856 8,766 9,353 Effect of exchange rate changes on cash, cash equivalents and restricted cash (124) (290) (328) (542) Net (decrease) increase in cash, cash equivalents and restricted cash (29,576) 5,470 (8,863) 6,461 Cash, cash equivalents, and restricted cash at beginning of period 62,607 41,980 41,894 40,989 Cash, cash equivalents, and restricted cash at end of period $ 33,031 $ 47,450 $ 33,031 $ 47,450 Reconciliation of cash, cash equivalents, and restricted cash within the consolidated balance sheets to the amounts shown above: Cash and cash equivalents $ 33,031 $ 46,907 $ 33,031 $ 46,907 Restricted cash included in other assets — 543 — 543 Total cash, cash equivalents and restricted cash $ 33,031 $ 47,450 $ 33,031 $ 47,450 Couchbase, Inc. Reconciliation of GAAP to Non-GAAP Results (in thousands, except per share data) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Reconciliation of GAAP gross profit to non-GAAP gross profit: Total revenue $ 51,628 $ 45,813 $ 154,544 $ 129,948 Gross profit $ 45,072 $ 40,702 $ 135,843 $ 113,006 Add: Stock-based compensation expense 422 249 1,239 972 Add: Employer taxes on employee stock transactions 22 55 120 86 Non-GAAP gross profit $ 45,516 $ 41,006 $ 137,202 $ 114,064 Gross margin 87.3 % 88.8 % 87.9 % 87.0 % Non-GAAP gross margin 88.2 % 89.5 % 88.8 % 87.8 % Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Reconciliation of GAAP operating expenses to non-GAAP operating expenses: GAAP research and development $ 17,486 $ 15,903 $ 52,703 $ 47,578 Less: Stock-based compensation expense (4,497) (3,116) (12,704) (9,498) Less: Employer taxes on employee stock transactions (106) (199) (585) (430) Non-GAAP research and development $ 12,883 $ 12,588 $ 39,414 $ 37,650 GAAP sales and marketing $ 34,196 $ 31,602 $ 108,119 $ 96,503 Less: Stock-based compensation expense (5,242) (4,188) (16,627) (11,461) Less: Employer taxes on employee stock transactions (275) (327) (1,378) (777) Non-GAAP sales and marketing $ 28,679 $ 27,087 $ 90,114 $ 84,265 GAAP general and administrative $ 12,624 $ 10,739 $ 37,843 $ 30,823 Less: Stock-based compensation expense (5,127) (4,202) (15,501) (11,216) Less: Employer taxes on employee stock transactions (64) (176) (391) (264) Non-GAAP general and administrative $ 7,433 $ 6,361 $ 21,951 $ 19,343 Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Reconciliation of GAAP operating loss to non-GAAP operating loss: Total revenue $ 51,628 $ 45,813 $ 154,544 $ 129,948 Loss from operations $ (19,234) $ (17,542) $ (62,822) $ (61,944) Add: Stock-based compensation expense 15,288 11,755 46,071 33,147 Add: Employer taxes on employee stock transactions 467 757 2,474 1,557 Add: Restructuring(2) — — — 46 Non-GAAP operating loss $ (3,479) $ (5,030) $ (14,277) $ (27,194) Operating margin (37) % (38) % (41) % (48) % Non-GAAP operating margin (7) % (11) % (9) % (21) % Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Reconciliation of GAAP net loss to non-GAAP net loss: Net loss $ (18,152) $ (16,255) $ (59,042) $ (58,781) Add: Stock-based compensation expense 15,288 11,755 46,071 33,147 Add: Employer taxes on employee stock transactions 467 757 2,474 1,557 Add: Restructuring(2) — — — 46 Non-GAAP net loss $ (2,397) $ (3,743) $ (10,497) $ (24,031) GAAP net loss per share $ (0.35) $ (0.34) $ (1.16) $ (1.26) Non-GAAP net loss per share $ (0.05) $ (0.08) $ (0.21) $ (0.51) Weighted average shares outstanding, basic and diluted 51,831 47,586 50,821 46,724 (2) For the nine months ended October 31, 2023, an immaterial amount of stock-based compensation expense related to restructuring charges was included in the restructuring expense line. The following table presents a reconciliation of free cash flow to net cash provided by (used in) operating activities, the most directly comparable GAAP measure, for each of the periods indicated (in thousands, unaudited): Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Net cash used in operating activities $ (16,895) $ (12,743) $ (20,186) $ (20,443) Less: Additions to property and equipment (583) (1,066) (2,645) (3,425) Free cash flow $ (17,478) $ (13,809) $ (22,831) $ (23,868) Net cash (used in) provided by investing activities $ (15,392) $ 14,647 $ 2,885 $ 18,093 Net cash provided by financing activities $ 2,835 $ 3,856 $ 8,766 $ 9,353 Couchbase, Inc. Key Business Metrics (in millions) (unaudited) As of Jan. 31, April 30, July 31, Oct. 31, Jan. 31, April 30, July 31, Oct. 31, 2023 2023 2023 2023 2024 2024 2024 2024 Annual Recurring Revenue $ 163.7 $ 172.2 $ 180.7 $ 188.7 $ 204.2 $ 207.7 $ 214.0 $ 220.3 View original content to download multimedia: https://www.prnewswire.com/news-releases/couchbase-announces-third-quarter-fiscal-2025-financial-results-302321531.html SOURCE Couchbase, Inc. Copyright © 2024 PR Newswire Association LLC. All Rights Reserved.
Man Caught On Camera Abusing Pet Dog In Greater Noida, Arrested
GREEN LAKE, Wis. (AP) — A Wisconsin man who faked his own drowning this summer and left his wife and three children has been located in Eastern Europe and is communicating with law enforcement, but he has not committed to returning home, authorities said. Ryan Borgwardt began communicating with authorities Nov. 11, after they tracked him down, Green Lake County Sheriff Mark Podoll said Thursday. The sheriff showed a video that Borgwardt sent police that day from an undisclosed location. The sheriff said no charges have been filed and that he doesn't think they will be necessary while authorities “keep pulling at his heartstrings” to come home. Here are some things to know about Borgwardt and his disappearance: Borgwardt, who is in his mid-40s, lived with his wife and children in Watertown, a city of about 23,000 people northwest of Milwaukee that is known for its German heritage, parochial schools and two dams on the Rock River. The sheriff has said his department was told Aug. 12 that Borgwardt had not been heard from since the previous day, when he traveled about 50 miles (80 kilometers) from home to Green Lake to go kayaking. Borgwardt’s wife said he texted her at 10:49 p.m. to say he was heading to shore. Deputies found Borgwardt’s vehicle and trailer near Green Lake. His kayak was discovered on the lake, overturned and with a life jacket attached to it, in an area where the water is about 200 feet (60 meters) deep. An angler later found Borgwardt’s fishing rod. The search for his body continued for more than 50 days, with divers scouring the lake on several occasions. Clues — including that he reported his passport lost or stolen and obtained a new one a few months before he disappeared — led investigators to speculate that he made it appear that he had drowned to go meet a woman he had been communicating with in the Central Asian country of Uzbekistan. Podoll declined to comment when asked what he knew about the woman, but he said law enforcement contacted Borgwardt “through a female that spoke Russian.” His identity was confirmed through asking him questions that the sheriff said only Borgwardt would know and by a video he made and sent them Nov. 11. He has spoken with someone from the sheriff's department almost daily since. However Podoll said Thursday that Borgwardt's exact location in Eastern Europe was not known. Podoll said Chief Deputy Matt Vande Kolk has been the one communicating with Borgwardt and their conversations have all taken place via email. Vande Kolk told The Associated Press in an email Friday that authorities are trying to determine Borgwardt's exact location. But that might not be easy even with modern surveillance technology. Scott Shackelford, executive director of the Center for Applied Cybersecurity Research at Indiana University, said authorities should be able to locate Borgwardt through his device's internet protocol address, a unique number assigned to every device connected to the internet. But he said it's very easy to mask an IP address and make it appear as if the device is in one country when it's really in another. Software exists that can route your IP address across the globe, Shackelford said. Police may not have the expertise, the manpower or any interest in digging through multiple layers of cyber deception, he said. Wearing an orange T-shirt, Borgwardt, unsmiling, looks directly at the camera, apparently filmed on a cellphone. Borgwardt says he is in his apartment and briefly pans the camera, but mostly shows a door and bare walls. “I’m safe and secure, no problem,” he says. Borgwardt has told authorities he overturned his kayak on the lake, dumped his phone in it and paddled an inflatable boat to shore. He told authorities he chose Green Lake because it is Wisconsin's deepest at 237 feet (over 72 meters). He then rode an electric bike stashed by a boat launch about 70 miles (110 kilometers) through the night to Madison, the sheriff said. From there, by Borgwardt's account, he traveled by bus to Detroit and then Canada, where he boarded a plane. Police are still verifying Borgwardt’s description of what happened, Podoll said. Borgwardt faked his death and fled because of “personal matters,” thinking it was the right thing to do, the sheriff said. Investigators found that he took out a $375,000 life insurance policy in January for his family. “He was just going to try and make things better in his mind, and this was the way it was going to be,” Podoll said. Borgwardt has not yet decided to return home, and if he does it will be of his own free will, according to Podoll. Deputies are stressing to him the importance of returning home and cleaning up the mess he made. The sheriff suggested that Borgwardt could be charged with obstructing the investigation into his disappearance, but so far no counts have been filed. The search for Borgwardt, which lasted more than a month, is said to have cost at least $35,000. Borgwardt told authorities that he did not expect the search to last more than two weeks, Podoll said, and his biggest concern is how the community will react to him if he returns. This story was updated to correct the spelling of Scott Shackelford’s last name, which had been misspelled “Shackleford.”This handout photograph taken and released by the Ukrainian Presidential press service on December 7, 2024, shows France’s President Emmanuel Macron (C), US President-elect Donald Trump (L), and Ukraine’s President Volodymyr Zelensky posing before a meeting at The Elysee Presidential Palace in Paris on December 7, 2024. – Trump makes his first international trip since his election win, preparing for a day of intense diplomacy before attending the reopening ceremony for the Notre Dame Cathedral restored after the 2019 fire. (Photo by HANDOUT / UKRAINIAN PRESIDENTIAL PRESS SERVICE / AFP) WASHINGTON, United States — The United States on Saturday announced a new $988 million security assistance package for Ukraine as Washington races to provide aid to Kyiv before President-elect Donald Trump takes office. Trump’s November election victory has cast doubt on the future of American aid for Ukraine, providing a limited window for billions of dollars in already authorized assistance to be provided before he is sworn in next month. The package features drones, ammunition for precision HIMARS rocket launchers, and equipment and spare parts for artillery systems, tanks and armored vehicles, the Pentagon said in a statement. The aid will be funded via the Ukraine Security Assistance Initiative, under which military equipment is procured from the defense industry or partners rather than drawn from American stocks, meaning it will not immediately arrive on the battlefield. It follows a $725 million package announced on Monday that included a second tranche of landmines as well as anti-air and anti-armor weapons. The outgoing US administration is working to get as much aid as possible to Ukraine before Trump — who has repeatedly criticized US assistance for Kyiv and claimed he could secure a ceasefire within hours — takes over. Trump’s comments have triggered fears in Kyiv and Europe about the future of US aid, and Ukraine’s ability to withstand Russian attacks in the absence of further American support. US Defense Secretary Lloyd Austin on Saturday warned that failing to keep opposing Russia’s actions would have dire consequences. “We can continue to stand up to the Kremlin. Or we can let (Russian President Vladimir) Putin have his way — and condemn our children and grandchildren to live in a world of chaos and conflict,” Austin told the Reagan National Defense Forum in California. “This administration has made its choice. And so has a bipartisan coalition in Congress. The next administration must make its own choice.” The defense chief also emphasized the importance of US allies and partners in his remarks — a contrast to Trump’s go-it-alone “America first” worldview. “Here is the stark military fact: our allies and partners are huge force multipliers,” Austin said. “Ultimately, America is weaker when it stands alone. And America is smaller when it stands apart,” he said. “There is no such thing as a safe retreat from today’s interwoven world.” The United States has spearheaded the push for international support for Ukraine, quickly forging a coalition to back Kyiv after Russia launched its full-scale invasion in 2022 and coordinating aid from dozens of countries. Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . Ukraine’s international supporters have since then provided tens of billions of dollars in weapons, ammunition, training, and other security aid that has been key to helping Kyiv resist Russian forces.
Larson Financial Group LLC bought a new stake in shares of Vanguard Communication Services ETF ( NYSEARCA:VOX – Free Report ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 439 shares of the company’s stock, valued at approximately $64,000. Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Associates Ltd. increased its position in Vanguard Communication Services ETF by 0.3% during the third quarter. Pinnacle Associates Ltd. now owns 23,673 shares of the company’s stock valued at $3,442,000 after acquiring an additional 75 shares during the last quarter. Callahan Advisors LLC lifted its stake in shares of Vanguard Communication Services ETF by 5.0% in the 3rd quarter. Callahan Advisors LLC now owns 1,575 shares of the company’s stock worth $229,000 after purchasing an additional 75 shares during the period. Modera Wealth Management LLC boosted its holdings in shares of Vanguard Communication Services ETF by 2.4% in the second quarter. Modera Wealth Management LLC now owns 3,585 shares of the company’s stock worth $495,000 after buying an additional 85 shares during the last quarter. Laidlaw Wealth Management LLC grew its position in Vanguard Communication Services ETF by 0.7% during the second quarter. Laidlaw Wealth Management LLC now owns 12,317 shares of the company’s stock valued at $1,702,000 after buying an additional 89 shares during the period. Finally, Baker Avenue Asset Management LP increased its holdings in Vanguard Communication Services ETF by 2.3% during the third quarter. Baker Avenue Asset Management LP now owns 4,535 shares of the company’s stock valued at $659,000 after buying an additional 101 shares during the last quarter. Vanguard Communication Services ETF Price Performance Shares of Vanguard Communication Services ETF stock opened at $155.53 on Friday. Vanguard Communication Services ETF has a 1-year low of $110.26 and a 1-year high of $156.18. The company’s fifty day simple moving average is $149.01 and its 200-day simple moving average is $140.96. The stock has a market capitalization of $4.74 billion, a PE ratio of 21.15 and a beta of 1.20. Vanguard Communication Services ETF Company Profile Vanguard Telecommunication Services ETF (the Fund) seeks to track the performance of a benchmark index that measures the investment return of telecommunication services stocks. The Fund seeks to track the performance of the MSCI US Investable Market Telecommunication Services 25/50 Index. The MSCI US Investable Market Telecommunication Services 25/50 Index includes stocks of the United States companies within the telecommunication services sector. Featured Stories Receive News & Ratings for Vanguard Communication Services ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vanguard Communication Services ETF and related companies with MarketBeat.com's FREE daily email newsletter .Josh Allen's Ex-Girlfriend's First Post After Engagement to Hailee Steinfeld
OLEAN, N.Y. (AP) — Lajae Jones and Chance Moore scored 16 points each in St. Bonaventure's 71-52 victory over Niagara on Saturday. Jones had eight rebounds for the Bonnies (12-1) and Moore five. Melvin Council Jr. shot 5 for 11, including 4 for 7 from beyond the arc to finish with 14 points. The Bonnies picked up their sixth straight victory. Olumide Adelodun finished with 19 points for the Purple Eagles (5-7). Zion Russell added 11 points for Niagara. Jaeden Marshall finished with 10 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .ATHENS, Ohio (AP) — Jackson Paveletzke scored 23 points as Ohio beat Morehead State 88-76 on Saturday night. Paveletzke also contributed eight rebounds for the Bobcats (4-5). Elmore James scored 16 points, shooting 6 for 8, including 2 for 4 from beyond the arc. AJ Clayton went 5 of 10 from the field (2 for 7 from 3-point range) to finish with 14 points. The Eagles (3-6) were led in scoring by Tyler Brelsford, who finished with 16 points, six rebounds and five assists. Jalen Breazeale added 13 points for Morehead State. Kade Ruegsegger also had 12 points, six rebounds and three steals. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
HIGH POINT, N.C. (AP) — D'Maurian Williams scored 18 points as High Point beat Pfeiffer 81-50 on Saturday. Williams went 8 of 13 from the field (2 for 3 from 3-point range) for the Panthers (8-1). Kezza Giffa scored 14 points, going 3 of 8 from the floor, including 1 for 3 from 3-point range, and 7 for 8 from the line. Kimani Hamilton shot 4 for 8, including 1 for 3 from beyond the arc to finish with 11 points. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.
AP News Summary at 5:36 p.m. ESTWorld News | Insurgents Reach Gates of Syria's Capital, Threatening to Upend Decades of Assad Rule
Ryan Borgwardt began communicating with authorities Nov. 11, after they tracked him down, Green Lake County Sheriff Mark Podoll said Thursday. The sheriff showed a video that Borgwardt sent police that day from an undisclosed location. The sheriff said no charges have been filed and that he doesn't think they will be necessary while authorities “keep pulling at his heartstrings” to come home. Here are some things to know about Borgwardt and his disappearance: Who is he? Borgwardt, who is in his mid-40s, lived with his wife and children in Watertown, a city of about 23,000 people northwest of Milwaukee that is known for its German heritage, parochial schools and two dams on the Rock River. When did he disappear? The sheriff has said his department was told Aug. 12 that Borgwardt had not been heard from since the previous day, when he traveled about 50 miles (80 kilometers) from home to Green Lake to go kayaking. Borgwardt’s wife said he texted her at 10:49 p.m. to say he was heading to shore. How was the search conducted? Deputies found Borgwardt’s vehicle and trailer near Green Lake. His kayak was discovered on the lake, overturned and with a life jacket attached to it, in an area where the water is about 200 feet (60 meters) deep. An angler later found Borgwardt’s fishing rod. The search for his body continued for more than 50 days, with divers scouring the lake on several occasions. How did authorities find Borgwardt? Clues — including that he reported his passport lost or stolen and obtained a new one a few months before he disappeared — led investigators to speculate that he made it appear that he had drowned to go meet a woman he had been communicating with in the Central Asian country of Uzbekistan. Podoll declined to comment when asked what he knew about the woman, but he said law enforcement contacted Borgwardt “through a female that spoke Russian.” His identity was confirmed through asking him questions that the sheriff said only Borgwardt would know and by a video he made and sent them Nov. 11. He has spoken with someone from the sheriff's department almost daily since. However Podoll said Thursday that Borgwardt's exact location in Eastern Europe was not known. Why are U.S. authorities struggling to pinpoint his location? Podoll said Chief Deputy Matt Vande Kolk has been the one communicating with Borgwardt and their conversations have all taken place via email. Vande Kolk told The Associated Press in an email Friday that authorities are trying to determine Borgwardt's exact location. But that might not be easy even with modern surveillance technology. Scott Shackelford, executive director of the Center for Applied Cybersecurity Research at Indiana University, said authorities should be able to locate Borgwardt through his device's internet protocol address, a unique number assigned to every device connected to the internet. But he said it's very easy to mask an IP address and make it appear as if the device is in one country when it's really in another. Software exists that can route your IP address across the globe, Shackelford said. Police may not have the expertise, the manpower or any interest in digging through multiple layers of cyber deception, he said. What was in the video Borgwardt sent to law enforcement? Wearing an orange T-shirt, Borgwardt, unsmiling, looks directly at the camera, apparently filmed on a cellphone. Borgwardt says he is in his apartment and briefly pans the camera, but mostly shows a door and bare walls. “I’m safe and secure, no problem,” he says. How did he fake his death? Borgwardt has told authorities he overturned his kayak on the lake, dumped his phone in it and paddled an inflatable boat to shore. He told authorities he chose Green Lake because it is Wisconsin's deepest at 237 feet (over 72 meters). He then rode an electric bike stashed by a boat launch about 70 miles (110 kilometers) through the night to Madison, the sheriff said. From there, by Borgwardt's account, he traveled by bus to Detroit and then Canada, where he boarded a plane. Police are still verifying Borgwardt’s description of what happened, Podoll said. Why did he do it? Borgwardt faked his death and fled because of “personal matters,” thinking it was the right thing to do, the sheriff said. Investigators found that he took out a $375,000 life insurance policy in January for his family. “He was just going to try and make things better in his mind, and this was the way it was going to be,” Podoll said. What's next? Borgwardt has not yet decided to return home, and if he does it will be of his own free will, according to Podoll. Deputies are stressing to him the importance of returning home and cleaning up the mess he made. The sheriff suggested that Borgwardt could be charged with obstructing the investigation into his disappearance, but so far no counts have been filed. The search for Borgwardt, which lasted more than a month, is said to have cost at least $35,000. Borgwardt told authorities that he did not expect the search to last more than two weeks, Podoll said, and his biggest concern is how the community will react to him if he returns. This story was updated to correct the spelling of Scott Shackelford’s last name, which had been misspelled “Shackleford.”Interrogating the Controversy Over Tax Reform BillsUnited, Apple rolling out new way to track lost luggage with AirTags
Neighbors Urge Mayor To Delay Or Deny Permit To Pilsen Metal Scrapper
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