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Egypt Daily News – On Tuesday, Egypt called for adopting a comprehensive political process for a united Syria, stressing that “this delicate stage in Syria’s history requires the combined efforts of all its people.” A statement by the Egyptian Foreign Ministry said: “The Arab Republic of Egypt continues to follow the developments taking place in the sisterly Syrian Arab Republic.” It added: “Egypt emphasizes that this delicate stage in Syria’s history requires the combined efforts of all its people to launch a comprehensive political process with pure Syrian national ownership, without dictates or external interference, that preserves and supports the unity and stability of Syria and its people with all its components and segments, and adopts a comprehensive and inclusive approach for all.” The Syrian National Forces, in line with Security Council Resolution 2254, which will pave the way for the participation of all Syrians in shaping the future and rebuilding state institutions in sisterly Syria, and its return to regain the position it deserves in the Arab and international systems.” Additionally: “Egypt also affirms its keenness to communicate with the brothers in Syria, and to make every effort to make the comprehensive political process successful that achieves the aspirations of the brotherly Syrian people, and blocks any attempt to exploit the current conditions to undermine Syria’s sovereignty, unity, and territorial integrity, and creates the appropriate conditions for the start of the reconstruction phase.” and the voluntary, safe and dignified return of Syrian refugees and displaced persons to their homes.”
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PITTSFIELD — With the exception of four lobsters, Stop & Shop at Dan Fox Drive was out of fresh fish on Thursday morning and refrigerated produce shelves were looking thin. Stop & Shop's owner, Ahold Delhaize USA "detected a cybersecurity issue within its U.S. network," according to a Nov. 8 announcement on the company's website. Customers at both the Dan Fox Drive store and the Merrill Road location noticed some deficits on Wednesday, particularly in produce, meat and dairy. Stockers were busy unpacking poultry, meat and other products at the stores on both Wednesday and Thursday, but signs were still up on shelves reading "Temporarily out of stock" on perishable items at Merrill Road. "Due to IT system outages that are affecting some of our behind-the-scenes applications, product deliveries may be slightly delayed," signs at both stores read. "We are working to restock our shelves as quickly as possible. Thank you for your patience." Jill Hanson said she noticed dairy and meat supplies were low at Dan Fox Drive. "I was last here on Saturday," Hanson told The Eagle on Wednesday. "And there was much more in stock today than on Saturday." On Saturday, she was unable to buy butter and sour cream, she said. On Wednesday, she was able to get all she needed. Deb Horth shops at the Merrill Road store. "It's a little light but not as bad as I expected," Horth said. "There's most stuff that you need." Ahold Delhaize owns 13 supermarket chains in the United States and Europe, including Hannaford in the Northeast. The Nov. 8 statement said the company notified "external cybersecurity experts" as well as law enforcement about the hack. "We will continue to take actions to further protect our systems. The security of our customers, associates and partners is a top priority." Managers at both Pittsfield Stop & Shop stores referred all request for comment to a person in corporate headquarters, who did not return The Eagle's request for comment.On Friday, Buff Nation will get its last opportunity to watch two of the greatest players in program history compete on the Folsom Field turf. It won’t be the last time cornerback/receiver Travis Hunter and quarterback Shedeur Sanders play in Colorado jerseys, however. Although there is somewhat of a feel of finality around Friday’s matchup with Oklahoma State (10 a.m., ABC), head coach Deion Sanders said he’s not thinking that way. “No, we got a bowl game,” he said. “I’m pretty sure we secured that weeks ago for (super fan Peggy Coppom).” Yes, at 8-3 (6-2 Big 12), the 23rd-ranked Buffaloes will be going to a bowl game in December. In recent years, however, there have been star players around the country who have opted out of bowls to focus on the NFL Draft. Of course, CU still has a shot to get into the Big 12 title game, win that and earn a spot in the College Football Playoff. Do that, and the star players would certainly suit up and compete for a national title. Yet, even if the Buffs fall short of the CFP, it appears that Shedeur and Hunter will play in a bowl. “(Friday) is not the last time you’re going to see them in a Buff uniform,” Coach Prime said. Friday’s game against OSU (3-8, 0-8) will most likely be the last one for Coach Prime and his sons – Shedeur and safety Shilo Sanders – at Folsom Field, but Coach Prime said he’s not focused on any emotions that could come with that. “I’m focused on winning this last game with my team,” he said. To do that, the Buffs have the turn the page from last Saturday’s 37-21 loss at Kansas – a defeat that may have cost them a spot in the Big 12 title game. Had the Buffs defeated Kansas and then Oklahoma State this week, they would have secured a spot in the Dec. 7 title game. Now, they go into this week needing a win and some help around the conference. “We had an opportunity, we squandered it,” Coach Prime said. “OK, let’s go out here and kick butt and whatever happens happens.” Coach Prime said the Buffs are trying to flush the KU loss and move on, but admitted, “Sometimes it’s little things that creep up on you, you remind yourself of the opportunity you had, and you pray that you still have an opportunity.” All year, Coach Prime has talked about the 2023 season being about instilling hope in the CU program and this year being about expectation. He took over a program that went 1-11 in 2022 and took the Buffs to 4-8 – with several close losses – last year. This year, the Buff raised the bar, which made the loss to Kansas so tough to swallow, but it also provides a spark for this week. “We want to end right,” Coach Prime said. “We have the best fan base, I feel like, in college football, and I’m thankful that they hurt because we’re hurting because they have expectation. ... We instilled hope (last year). Now it’s expectation, and people are frustrated because of the expectation and I like that, and I’m thankful for that. “(Shedeur and Hunter) and all the rest of the seniors have done a wonderful job of getting us to where we are instilling so much expectation in our fan base and expectation in ourselves. So we’re going to fight and try to go out there and kick some butt and end this thing on the right note. And we’re going to go to a bowl game and end this thing on the right note, because our fans deserve the absolute best.”
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What we know about Blake Lively’s lawsuit against Justin Baldoni over his alleged ‘smear’ campaignThe Democratic Party has long since degenerated into a cult united primarily by members’ unhinged hatred of President-elect Donald Trump. Recently, however, a few signs have emerged suggesting that some Democrats have grown tired of their party’s anti-Trump obsession. In a Sunday interview with ABC’s Jonathan Karl on “This Week,” Democratic Sen. John Fetterman of Pennsylvania urged fellow Democrats to “chill out” and even expressed “no regrets” at having met with Trump’s Cabinet picks, including Secretary of Defense nominee Pete Hegseth and FBI Director nominee Kash Patel. “I have met with all of them so far,” Fetterman said. “And the ones that we haven’t, they’re on the schedule back in January.” Karl then asked if Fetterman regarded as qualified, to which the senator replied, “We’re gonna learn more.” Fetterman’s full comments, however, suggested that Democrats cannot rely on him to vote against Hegseth. “The president picked these people,” the Pennsylvania senator said. “Not gonna be my first choice, second choice, third choice, but that’s democracy.” “And, to me, it would be distressing if he is confirmed, if the Democrats are gonna turn our back collectively to the leader of Defense. That’s astonishing, and that’s dangerous,” he added. Fetterman expressed similar openness following his meeting with . In that meeting, for instance, the two men talked about immigration-related stories in their respective families. “I have learned things, and I have heard things, and I have no regrets,” the senator said. Indeed, the entire tone of the interview suggested, at minimum, an eagerness to avoid appearances of anti-Trump hostility. “I’ve been warning people, like, ‘You gotta chill out,'” Fetterman said of the Trump Derangement Syndrome that has plagued many in his party since 2016. The senator also pledged to root for Trump, whom he called a “singular political talent.” Readers may watch the entire interview in the YouTube video below. Fetterman’s comments on Hegseth and Patel began around the 6:30 mark. Cynics, of course, might speculate that simply sees the political writing on the wall. “The support’s astonishing,” he said of voters’ enthusiasm for Trump in “red” Pennsylvania counties. According to the , in the 2024 election Trump won the swing state by more than 120,000 votes. Thus, a Pennsylvania senator calculating his own political future might want to get on Trump’s good side. On the other hand, to view things less cynically, senators absolutely should consider their constituents’ views. In that sense, self-interest and proper public service should dovetail. And on the issue of Trump’s Cabinet picks, at least, it appears that they have done so in Fetterman. Moreover, the Pennsylvania senator reflects a segment inside the Democratic Party that has of fighting Trump. Opposing the president-elect where necessary is one thing, but the over-the-top anti-Trump rhetoric has left them exhausted. That fact alone suggests that even Trump’s most anti-establishment nominees might win unexpected support from a small number of dissident Democrats. We are committed to truth and accuracy in all of our journalism. Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. . For more A.F. Branco cartoons, go to WesternJournal.com/cartoons.
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Going by the remarks made by some Rarotongans it is something most Cook islanders will never want or vote for. I imagine most South Pacific Island nations, if not all, would value very highly to be New Zealand citizens. The benefits to the Cook Islands of being New Zealand citizens are many and all Cook Islanders know this. Ask the citizens of Samoa, Tonga, Fiji and many others, and we know what their answer would be. So exactly what is Mark Brown’s agenda here? Is there more to this than meets the eye. Is this the thin edge of the wedge of something similar to another Pacific Island nation signing up with a very big and powerful neighbour? Could we say that hovering around this matter is a series of political thunder clouds of a highly ominous nature. Gerry Mitten Riccarton, Christchurch New Zealand
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ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators have handed out $40,000 in fines to two sportsbooks and a tech company for violations that included taking bets on unauthorized events, and on games that had already ended. In information made public Monday, the New Jersey Division of Gaming Enforcement fined DraftKings $20,000. It also levied $10,000 fines on Rush Street Interactive NJ and the sports betting technology company Kambi. According to documents released by the state, Rush Street accepted 16 bets worth $1,523 in Nov. 2021 on a college basketball game between the University of North Carolina-Asheville and Tennessee Tech University after the game had already concluded with a UNC victory. Kambi told the enforcement division that a trader had failed to manually remove that game from its betting markets, saying it had stopped receiving messages from its own sports data provider due to a network connectivity error. Kambi said it has updated its guidelines and retrained its traders to prevent a recurrence. Kambi, which is based in Malta, did not immediately respond to a message seeking comment Monday. Rush Street declined comment, and DraftKings had no immediate comment Monday. DraftKings stopped using Kambi in 2021. In March 2022 Rush Street took seven bets totaling just under $2,900 on three Magic City Jai Alai games after the results were already known. Kambi told the division it experienced a connectivity issue that allowed the bets to be accepted after the games were over. An explanation of what Kambi did to address the situation was blacked out in documents released by the division. A month earlier Rush Street took 13 wagers worth $8,150 with pre-match odds on a Professional Golf Association match after the event had already begun. In this case, Kambi told the division a newly hired trader failed to enter the correct closing time time for bets on the event. The trader and a supervisor underwent retraining. DraftKings was fined for taking bets on unapproved events including Russian basketball for nine months in 2020 and 2021. It eventually voided over $61,000 in bets and returned the money to customers after being directed to do so by the state. In this case, Kambi told the division it misidentified this particular Russian basketball league as one that was approved for wagering in New Jersey. DraftKings told the state it did not catch the error, either. In 2020, DraftKings accepted 484 wagers on unapproved table tennis matches. Kambi incorrectly enabled the events for wagering without conditions required by the state, the division said. In Feb. 2022, the division said DraftKings took pre-season NFL bets involving specific players but did not give the state specific information on what information was to be included in the bets, drawing 182 wagers worth nearly $7,000 that were later voided and refunded to customers. ___ Follow Wayne Parry on X at www.twitter.com/WayneParryAC Wayne Parry, The Associated Press
SAN FRANCISCO, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Stitch Fix, Inc. SFIX , the leading online personal styling service, today announced its financial results for the first quarter of fiscal year 2025, ended November 2, 2024. "Our fiscal year is off to a strong start. We exceeded our expectations in the first quarter on the top and bottom lines," said Matt Baer, Chief Executive Officer, Stitch Fix. "Our clients are responding to the newness we have brought to our assortment as well as the improvements we've made to our client experience. This progress is a testament to the Stitch Fix team's ongoing execution of our transformation strategy, and we continue to expect to return to revenue growth by the end of FY26." During the first quarter of fiscal 2024, we ceased operations of our UK business and met the accounting requirements for reporting the UK business as a discontinued operation. Accordingly, our unaudited condensed consolidated financial statements reflect the results of the UK business as a discontinued operation for all periods presented. Unless otherwise noted, amounts and disclosures below relate to our continuing operations. First Quarter Fiscal 2025 Key Metrics and Financial Highlights Net revenue of $318.8 million, a decrease of 12.6% year-over-year. Active clients of 2,434,000, a decrease of 74,000, or 3.0%, quarter-over-quarter; and a decrease of 555,000, or 18.6%, year-over-year. Net revenue per active client ("RPAC") of $531, an increase of 4.9% year-over-year. Gross margin of 45.4%, an increase of 180 basis points year-over-year, which reflects improved transportation leverage and product margins. Net loss of $6.3 million and diluted loss per share of $0.05. Adjusted EBITDA of $13.5 million, which reflects continued cost management discipline. Net cash provided by operating activities of $14.3 million and free cash flow of $9.9 million in the first fiscal quarter. We ended the quarter with $253.3 million of cash, cash equivalents, and investments; and no debt. Financial Outlook Our financial outlook for the second quarter of fiscal 2025, ending February 1, 2025, is as follows: Q2 2025 Net Revenue $290 million – $300 million (12)% – (9)% YoY Adjusted EBITDA $8 million – $13 million 2.8% – 4.3% margin Our fiscal year is a 52-week or 53-week period ending on the Saturday closest to July 31. The fiscal year 2025 is a 52-week year and the fiscal year 2024 was a 53-week year, with the extra week occurring in the fourth quarter ending August 3, 2024. Our financial outlook for fiscal year 2025 is as follows: Fiscal Year 2025 Net Revenue $1.14 billion – $1.18 billion (15)% – (12)% YoY (13)% – (10)% YoY adjusted to a 52-week period (1) Adjusted EBITDA $25 million – $36 million 2.2% – 3.1% margin (1) Full fiscal year 2024 net revenue from continuing operations has been adjusted to remove the impact of the 53rd week for year-over-year comparative purposes. We expect both the second quarter and full fiscal year 2025 gross margin to be approximately 44% to 45%, and full fiscal year 2025 advertising expense as a percentage of revenue to be at the high end of an 8% to 9% range. Stitch Fix has not reconciled its Adjusted EBITDA outlook to GAAP net income (loss) because it does not provide an outlook for GAAP net income (loss) due to the uncertainty and potential variability of restructuring and other one-time costs, net other income (expense), provision for income taxes, and stock-based compensation expense, which are reconciling items between Adjusted EBITDA and GAAP net income (loss). Because Stitch Fix cannot reasonably predict such items, a reconciliation of the non-GAAP financial measure outlook to the corresponding GAAP measure is not available without unreasonable effort. We caution, however, that such items could have a significant impact on the calculation of GAAP net income (loss). For more information regarding the non-GAAP financial measures discussed in this release, please see "Non-GAAP Financial Measures" below. Conference Call and Webcast Information Matt Baer, Chief Executive Officer of Stitch Fix, and David Aufderhaar, Chief Financial Officer of Stitch Fix, will host a conference call at 2:00 p.m. Pacific Time today to discuss the Company's financial results and outlook. A live webcast of the call will be accessible on the investor relations section of the Stitch Fix website at https://investors.stitchfix.com . To access the call by phone, please register at the following link: Dial-In Registration: https://register.vevent.com/register/BIb75f616c9a2a4320adf40088c7b87810 Upon registration, telephone participants will receive the dial-in number along with a unique PIN number that can be used to access the call. A replay of the webcast will also be available for a limited time at https://investors.stitchfix.com . About Stitch Fix, Inc. Stitch Fix SFIX is the leading online personal styling service that helps people discover the styles they will love that fit perfectly so they always look - and feel - their best. Few things are more personal than getting dressed, but finding clothing that fits and looks great can be a challenge. Stitch Fix solves that problem. By pairing expert stylists with best-in-class AI and recommendation algorithms, the company leverages its assortment of exclusive and national brands to meet each client's individual tastes and needs, making it convenient for clients to express their personal style without having to spend hours in stores or sifting through endless choices online. Stitch Fix, which was founded in 2011, is headquartered in San Francisco. For more information, please visit https://www.stitchfix.com . Forward-Looking Statements This press release, the related conference call, and webcast contain forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward looking, including but not limited to statements regarding our expectations for future financial performance, including our profitability and long-term targets; guidance on financial results and metrics for the second quarter and full fiscal year of 2025; that the execution of our strategy and priorities will enable us to achieve long-term, sustainable, and profitable growth and positive free cash flow; our expectation to return to revenue growth by the end of fiscal year 2026; that the changes we have made to our client experience will help us acquire, retain, and reactivate highly engaged clients over time and better serve our clients; that our actions to make Stylists more visible to our clients will deepen relationships between clients and Stylists and increase client engagement; and our expectations regarding warehouse costs, transportation costs, gross margin, inventory levels, and advertising spend. These statements involve substantial risks and uncertainties, including risks and uncertainties related to the current macroeconomic environment; our ability to generate sufficient net revenue to offset our costs; consumer behavior; our ability to acquire, engage, and retain clients; our ability to provide offerings and services that achieve market acceptance; our data science and technology, Stylists, operations, marketing initiatives, and other key strategic areas; risks related to our inventory levels and management; risks related to our supply chain, sourcing of materials and shipping of merchandise; our ability to forecast our future operating results; and other risks described in the filings we make with the SEC. Further information on these and other factors that could cause our financial results, performance, and achievements to differ materially from any results, performance, or achievements anticipated, expressed, or implied by these forward-looking statements is included in filings we make with the SEC from time to time, including in the section titled "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended August 3, 2024. These documents are available on the SEC Filings section of the Investor Relations section of our website at: https://investors.stitchfix.com . We undertake no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. The achievement or success of the matters covered by such forward-looking statements involves known and unknown risks, uncertainties, and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management's beliefs and assumptions only as of the date such statements are made. Stitch Fix, Inc. Condensed Consolidated Balance Sheets (Unaudited) (In thousands, except per share amounts) November 2, 2024 August 3, 2024 Assets Current assets: Cash and cash equivalents $ 137,153 $ 162,862 Short-term investments 116,119 84,106 Inventory, net 119,145 97,903 Prepaid expenses and other current assets 20,099 21,839 Total current assets 392,516 366,710 Property and equipment, net 49,204 51,517 Operating lease right-of-use assets 60,616 63,780 Other long-term assets 4,783 4,857 Total assets $ 507,119 $ 486,864 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 114,386 $ 87,058 Operating lease liabilities 21,999 21,817 Accrued liabilities 69,352 73,007 Gift card liability 6,296 6,749 Deferred revenue 9,256 9,217 Other current liabilities 5,232 5,201 Current liabilities, discontinued operations 32 502 Total current liabilities 226,553 203,551 Operating lease liabilities, net of current portion 89,465 95,685 Other long-term liabilities 606 606 Total liabilities 316,624 299,842 Stockholders' equity: Class A common stock, $0.00002 par value 1 1 Class B common stock, $0.00002 par value 1 1 Additional paid-in capital 694,339 684,650 Accumulated other comprehensive income (loss) (295 ) (335 ) Accumulated deficit (473,509 ) (467,253 ) Treasury stock, at cost (30,042 ) (30,042 ) Total stockholders' equity 190,495 187,022 Total liabilities and stockholders' equity $ 507,119 $ 486,864 Stitch Fix, Inc. Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (In thousands, except share and per share amounts) For the Three Months Ended November 2, 2024 October 28, 2023 Revenue, net $ 318,818 $ 364,785 Cost of goods sold 174,013 205,682 Gross profit 144,805 159,103 Gross margin 45.4 % 43.6 % Selling, general, and administrative expenses 153,771 187,764 Operating loss (8,966 ) (28,661 ) Interest income 2,932 2,248 Other income (expense), net (72 ) 411 Loss before income taxes (6,106 ) (26,002 ) Provision for income taxes 157 169 Net loss from continuing operations (6,263 ) (26,171 ) Net income (loss) from discontinued operations, net of income taxes 7 (9,319 ) Net loss (6,256 ) (35,490 ) Other comprehensive income (loss): Change in unrealized gains and losses on available-for-sale securities, net of tax 40 121 Foreign currency translation — (1,129 ) Total other comprehensive income (loss), net of tax 40 (1,008 ) Comprehensive loss $ (6,216 ) $ (36,498 ) Loss per share from continuing operations, attributable to common stockholders: Basic $ (0.05 ) $ (0.22 ) Diluted $ (0.05 ) $ (0.22 ) Loss per share from discontinued operations, attributable to common stockholders: Basic $ 0.00 $ (0.08 ) Diluted $ 0.00 $ (0.08 ) Loss per share attributable to common stockholders: Basic $ (0.05 ) $ (0.30 ) Diluted $ (0.05 ) $ (0.30 ) Weighted-average shares used to compute loss per share attributable to common stockholders: Basic 125,972,658 116,645,160 Diluted 125,972,658 116,645,160 Stitch Fix, Inc. Condensed Consolidated Statements of Cash Flow (Unaudited) (In thousands) For the Three Months Ended November 2, 2024 October 28, 2023 Cash Flows from Operating Activities from Continuing Operations Net loss from continuing operations $ (6,263 ) $ (26,171 ) Adjustments to reconcile net loss from continuing operations to net cash provided by operating activities from continuing operations: Change in inventory reserves 4,970 3,083 Stock-based compensation expense 12,650 19,902 Depreciation, amortization, and accretion 6,859 13,784 Other 34 19 Change in operating assets and liabilities: Inventory (26,212 ) (33,255 ) Prepaid expenses and other assets 1,771 2,800 Operating lease right-of-use assets and liabilities (2,874 ) (1,349 ) Accounts payable 27,223 34,709 Accrued liabilities (3,507 ) 7,502 Deferred revenue 39 (664 ) Gift card liability (453 ) (503 ) Other liabilities 31 702 Net cash provided by operating activities from continuing operations 14,268 20,559 Cash Flows from Investing Activities from Continuing Operations Proceeds from sale of property and equipment — 21 Purchases of property and equipment (4,323 ) (3,653 ) Purchases of securities available-for-sale (46,074 ) — Sales of securities available-for-sale 2,468 — Maturities of securities available-for-sale 12,200 12,820 Net cash provided by (used in) investing activities from continuing operations (35,729 ) 9,188 Cash Flows from Financing Activities from Continuing Operations Payments for tax withholdings related to vesting of restricted stock units (3,785 ) (4,008 ) Other — (100 ) Net cash used in financing activities from continuing operations (3,785 ) (4,108 ) Net increase (decrease) in cash and cash equivalents from continuing operations (25,246 ) 25,639 Cash Flows from Discontinued Operations Net cash used in operating activities from discontinued operations (463 ) (6,119 ) Net cash used in financing activities from discontinued operations — (164 ) Net decrease in cash and cash equivalents from discontinued operations (463 ) (6,283 ) Effect of exchange rate changes on cash and cash equivalents — (1,895 ) Net increase (decrease) in cash and cash equivalents (25,709 ) 17,461 Cash and cash equivalents at beginning of period 162,862 239,437 Cash and cash equivalents at end of period $ 137,153 $ 256,898 Supplemental Disclosure Cash paid for income taxes $ 521 $ 386 Supplemental Disclosure of Non-Cash Investing and Financing Activities Purchases of property and equipment included in accounts payable and accrued liabilities $ 43 $ 1,099 Capitalized stock-based compensation $ 824 $ 1,303 Non-GAAP Financial Measures We report our financial results in accordance with generally accepted accounting principles in the United States ("GAAP"). However, management believes that certain non-GAAP financial measures provide users of our financial information with additional useful information in evaluating our performance. We believe that adjusted EBITDA from continuing operations ("Adjusted EBITDA") is frequently used by investors and securities analysts in their evaluations of companies, and that this supplemental measure facilitates comparisons between continuing operations of companies. We believe free cash flow from continuing operations ("Free Cash Flow") is an important metric because it represents a measure of how much cash from continuing operations we have available for discretionary and non-discretionary items after the deduction of capital expenditures. These non-GAAP financial measures may be different than similarly titled measures used by other companies. Our non-GAAP financial measures should not be considered in isolation from, or as substitutes for, financial information prepared in accordance with GAAP. There are several limitations related to the use of our non-GAAP financial measures as compared to the closest comparable GAAP measures. Some of these limitations include: Adjusted EBITDA excludes interest income and net other (income) expense as these items are not components of our core business; Adjusted EBITDA does not reflect our provision for income taxes, which may increase or decrease cash available to us; Adjusted EBITDA excludes the recurring, non-cash expenses of depreciation and amortization of property and equipment and, although these are non-cash expenses, the assets being depreciated and amortized may have to be replaced in the future; Adjusted EBITDA excludes the non-cash expense of stock-based compensation, which has been, and will continue to be for the foreseeable future, an important part of how we attract and retain our employees and a significant recurring expense in our business; Adjusted EBITDA excludes costs incurred related to discrete restructuring plans and other one-time costs attributable to our continuing operations that are fundamentally different in strategic nature and frequency from ongoing initiatives. We believe exclusion of these items facilitates a more consistent comparison of operating performance over time, however these costs do include cash outflows; and Free Cash Flow does not represent the total residual cash flow available for discretionary purposes and does not reflect our future contractual commitments. Adjusted EBITDA We define Adjusted EBITDA as net loss from continuing operations excluding interest income, net other (income) expense, provision for income taxes, depreciation and amortization, stock-based compensation expense, and restructuring and other one-time costs related to our continuing operations. The following table presents a reconciliation of net loss from continuing operations, the most comparable GAAP financial measure, to Adjusted EBITDA for each of the periods presented: For the Three Months Ended (in thousands) November 2, 2024 October 28, 2023 Net loss from continuing operations $ (6,263 ) $ (26,171 ) Add (deduct): Interest income (2,932 ) (2,248 ) Other (income) expense, net 72 (411 ) Provision for income taxes 157 169 Depreciation and amortization (1) 7,385 9,439 Stock-based compensation expense 12,650 19,902 Restructuring and other one-time costs (2) 2,425 7,950 Adjusted EBITDA $ 13,494 $ 8,630 (1) For the three months ended October 28, 2023, depreciation and amortization excluded $4.3 million reflected in "Restructuring and other one-time costs." (2) For the three months ended November 2, 2024, restructuring charges were $1.0 million in severance and employee-related benefits and other restructuring costs; and other-one time costs were $1.4 million in one-time bonuses for certain continuing employees. For the three months ended October 28, 2023, restructuring charges were $8.0 million in severance and employee-related benefits, accelerated depreciation, and other restructuring costs. Free Cash Flow We define Free Cash Flow as net cash flows provided by operating activities from continuing operations, reduced by purchases of property and equipment that are included in cash flows from investing activities from continuing operations. The following table presents a reconciliation of net cash flows provided by operating activities from continuing operations, the most comparable GAAP financial measure, to Free Cash Flow for each of the periods presented: For the Three Months Ended (in thousands) November 2, 2024 October 28, 2023 Free Cash Flow reconciliation: Net cash provided by operating activities from continuing operations $ 14,268 $ 20,559 Deduct: Purchases of property and equipment from continuing operations (4,323 ) (3,653 ) Free Cash Flow $ 9,945 $ 16,906 Net cash provided by (used in) investing activities from continuing operations $ (35,729 ) $ 9,188 Net cash used in financing activities from continuing operations $ (3,785 ) $ (4,108 ) Operating Metrics (in thousands) November 2, 2024 August 3, 2024 April 27, 2024 January 27, 2024 October 28, 2023 Active clients 2,434 2,508 2,633 2,805 2,989 Net Revenue per Active Client $ 531 $ 533 $ 525 $ 515 $ 506 Active Clients We define an active client as a client who checked out a Fix or was shipped an item via Freestyle in the preceding 52 weeks, measured as of the last day of that period. Clients check out a Fix when they indicate what items they are keeping through our mobile application or on our website. We consider each Women's, Men's, or Kids account as a client, even if they share the same household. Net Revenue per Active Client We calculate net revenue per active client based on net revenue over the preceding four fiscal quarters divided by the number of active clients measured as of the last day of the period. IR Contact: PR Contact: ir@stitchfix.com media@stitchfix.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.NEW YORK , Nov. 26, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global automotive radar sensors market size is estimated to grow by USD 6.51 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 14.01% during the forecast period. Availability of high-frequency radar sensors is driving market growth, with a trend towards increased accuracy in perceiving environment through sensor fusion technique. However, concerns associated with cybersecurity risks poses a challenge.Key market players include Acconeer AB, AISIN CORP., Arbe Robotics Ltd, AU Inc, Autoliv Inc., Banner Engineering Corp., DENSO Corp., Faurecia SE, Infineon Technologies AG, Tsien UK Ltd, MediaTek Inc., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, Rohde and Schwarz GmbH and Co. KG, S.m.s Smart Microwave Sensors GmbH, Schaeffler AG, Texas Instruments Inc., Valeo SA, Vayyar Imaging Ltd., and Eravant. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Automotive Radar Sensors Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 14.01% Market growth 2024-2028 USD 6.51 billion Market structure Fragmented YoY growth 2022-2023 (%) 13.39 Regional analysis Europe, North America, APAC, South America, and Middle East and Africa Performing market contribution Europe at 31% Key countries US, China, Japan, Germany, and UK Key companies profiled Acconeer AB, AISIN CORP., Arbe Robotics Ltd, AU Inc, Autoliv Inc., Banner Engineering Corp., DENSO Corp., Faurecia SE, Infineon Technologies AG, Tsien UK Ltd, MediaTek Inc., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, Rohde and Schwarz GmbH and Co. KG, S.m.s Smart Microwave Sensors GmbH, Schaeffler AG, Texas Instruments Inc., Valeo SA, Vayyar Imaging Ltd., and Eravant Market Driver The Automotive Radar Sensors market is experiencing significant growth due to the increasing demand for advanced safety features in both passenger and commercial vehicles. Radar sensors, including short-range and long-range, are crucial components of Advanced Driver-Assistance Systems (ADAS) and Autonomous Driving (AD) systems. Optical imaging, video, ultrasonic, infrared, LIDAR, and ultrasound are alternative technologies, but radar sensors offer superior detection capabilities and range. ADAS applications include Intelligent Park Assist, Lane Change Assistance, and Collision Prevention. Long-range radar sensors operate at 24 GHz, 77-GHz, and 79GHz frequencies, enabling high-resolution tracking and detection of objects at greater distances. Short-range radar sensors are used for parking assistance and collision mitigation. The autonomous car market is a major driver of the radar sensor industry, with companies like Tesla, Waymo, and NVIDIA investing heavily in this technology. Radar sensors are also used in security and surveillance, industrial applications, traffic monitoring, and infrastructure development. The future of the automotive radar sensor market lies in technology innovation, electrification, and mobility solutions. Modern vehicles incorporate numerous electronic systems, including radar, ultrasound, LIDAR, and cameras, to enhance Advanced Driver Assistance Systems (ADAS) features. Strict regulations and OEM differentiation drive the increasing demand for automotive radar sensors. However, these systems operate independently, limiting their effective and realistic functionality. Overcoming the shortcomings of each sensor type requires integration and information exchange among them, which is currently lacking. Thus, the market for automotive radar sensors continues to grow, addressing safety and regulatory requirements. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This automotive radar sensors market report extensively covers market segmentation by 1.1 Medium-range- The Automotive Radar Sensors Market is driven by the increasing adoption of advanced collision avoidance and prevention systems in both passenger and commercial vehicles. These systems utilize radar sensors to detect and alert drivers when their vehicle is approaching another at an unsafe distance. The systems offer various warning mechanisms, including alarm sounds, warning lights, or vibrations. The US National Highway Traffic Safety Administration (NHTSA) and New Car Assessment Programme (NCAP) in the EU, Japan , Korea, and China have mandated or encouraged the use of these systems in heavy vehicles and trucks. Tests have shown significant positive results in reducing crashes caused by driver distraction and other factors. Furthermore, these sensors are part of the bundled Advanced Driver-Assistance Systems (ADAS) offering, making them a standard fitment in the future. The global Automotive Radar Sensors Market is expected to grow significantly during the forecast period due to these factors. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The Automotive Radar Sensors market is a rapidly growing segment in the automotive industry, driven by the increasing demand for advanced safety features and autonomous driving technologies. Radar sensors use radio waves to detect objects and measure their distance, velocity, and size. They offer several advantages over other sensing technologies such as optical imaging, video, ultrasonic, and infrared. Radar sensors come in various ranges, including short, mid, and long-range, catering to different applications in Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) systems. These systems enhance automation and mobility, providing features like lane change assistance, collision prevention, and safety enhancements. Industry 4.0 and electrification are also influencing the market, as radar sensors play a crucial role in optimizing vehicle performance and ensuring safety in these advanced technologies. With the increasing number of registered cars and the growing focus on mobility solutions, the Automotive Radar Sensors market is poised for significant growth in the coming years. Technology innovation continues to drive the market, with high-frequency components and advanced signal processing algorithms enabling improved accuracy and reliability. The market is expected to expand across passenger vehicles and commercial vehicles, catering to the diverse needs of the automotive industry. Market Research Overview Automotive Radar Sensors are an essential component of Advanced Driver-Assistance Systems (ADAS) and Autonomous Driving (AD) systems in modern vehicles. These sensors use radio waves to detect objects in the vehicle's surroundings, providing real-time information on range, velocity, and angle. Unlike Optical imaging, Video, Ultrasonic, Infrared, and LIDAR sensors, Automotive Radar Sensors operate using radio waves in various frequency bands, including Short Range Radar (SRR), Mid Range Radar (MRR), and Long Range Radar (LRR). Radar sensors play a crucial role in various ADAS features, such as Lane Change Assistance, Collision Prevention, and Automation. They come in different frequency bands, with 24 GHz being commonly used for short-range applications, and 77-GHz and 79GHz frequencies for long-range detection. The Automotive Radar Sensors market is growing rapidly due to the increasing demand for safety features in passenger cars and commercial vehicles. The market is also driven by the trend towards autonomous driving and Industry 4.0, which requires high-resolution tracking and detection capabilities. The market for Automotive Radar Sensors is expected to grow significantly in the coming years, driven by the increasing number of registered cars, the adoption of SAE-Level 3 and higher automation, and the expanding use cases in areas such as security and surveillance, industrial applications, and traffic monitoring. The development of Automotive Radar Sensors involves cutting-edge production processes and innovative packaging concepts to ensure high-frequency components perform optimally. The market is also witnessing technology innovation in areas such as electrification, mobility, and safety features, making radar sensors an essential component of the future of transportation. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/automotive-radar-sensors-market-to-grow-by-usd-6-51-billion-2024-2028-high-frequency-radar-sensors-drive-growth-report-on-how-ai-redefines-market-landscape---technavio-302316081.html SOURCE TechnavioBryant defeats Tennessee State 97-85
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