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SANTA CLARA, Calif. (AP) — After three straight losses, including back-to-back blowouts, the San Francisco 49ers needed a get-right game. The Chicago Bears helped provide just that. Brock Purdy carved up Chicago’s defense to lead San Francisco to its best offensive output of the season and the defense dominated the Bears in a Sunday that looked a lot more like the team that went to the Super Bowl last season than the one that has struggled in 2024. “I think just the biggest thing was just getting some energy and momentum,” Purdy said. “This league is hard. It’s tough. If you don’t have momentum or energy and belief within a building, it can be really tough.” The problem for San Francisco (6-7) is it might be too late to salvage its playoff hopes. to division rivals and the lopsided losses and the previous two weeks leave the Niners two games out of the playoffs with only four games to go. They might need to win out to get back to the postseason for a fourth straight season, and even then they could need some help because their three division losses will make it tough to win any tiebreakers in the tightly packed NFC West. “If we win every single game, I think we’ve put ourselves in a very good position to either win the division or somehow sneak our way into playoff contention,” tight end George Kittle said. “I thought everyone’s focused on this one week. ... Forget the whole season whether you’ve played like crap the entire season, whether you’ve had missed opportunities, or whether you have a bunch of touchdowns. Whatever it is, flush all that and just focus on this one game.” What’s working Big plays. The Niners repeatedly gashed the Bears for big plays as the passing game looked as good as it has all season. Purdy had eight completions go for at least 20 yards — tied for the most in any game for the 49ers since at least 1991 — with Kittle catching four of them, Isaac Guerendo two and one each for Deebo Samuel and Jauan Jennings. What needs help Kickoffs. Jake Moody attempted two line-drive kicks as San Francisco tried to pin Chicago deep instead of allowing a touchback. But both kicks landed shy of the landing zone at the 20, giving the Bears the ball at the 40. Stock up DL Yetur Gross-Matos. The Niners have been struggling to generate a pass rush with Nick Bosa sidelined, but Gross-Matos made a big impact on Sunday. He had a career-high three sacks in the game after coming into the game with just one this season. Stock down S Ji’Ayir Brown. The second-year safety lost his starting job with the return of Talanoa Hufanga from a wrist injury. Brown played 15 defensive snaps in a spot role and was beat on a TD pass to Rome Odunze in his limited action. Injuries Guerendo has a sprained foot and will be evaluated later this week to see if he can play. ... OL Ben Bartch will likely go on IR after suffering a high ankle sprain Sunday. ... LB Dre Greenlaw could return this week for the first time since tearing his Achilles tendon in the Super Bowl. ... DL Nick Bosa (hip, oblique) and LT Trent Williams (ankle) will be evaluated this week but there is no timeline on when they will return. ... LG Aaron Banks cleared the concussion protocol and should play this week. ... LB Dee Winters (ankle), S Malik Mustapha (chest, shoulder) and LB Demetrius Flannigan-Fowles are day-to-day. Key number 305 — The 49ers outgained the Bears by 305 yards in the first half for the ninth best advantage in a first half since at least 1991. The 319 yards for San Francisco were the most by any team in a first half this season and the 4 yards allowed were the fewest. What’s next The 49ers host the Los Angeles Rams on Thursday night. ___ AP NFL:Being an election year, the city has seen an increase in the number of hoardings, banners, and posters across various areas. From January to December 18, approximately 70,930 illegal banners and posters have been removed throughout the city. Despite the fact that the police were informed in 29 cases, it is surprising that not a single FIR has been registered against the violators. While the number of such advertisements continues to grow, the BMC has failed to finalize and enforce a comprehensive 'Outdoor Advertisement Display' policy to regulate the proliferation of these hoardings. Illegal banners and posters spike during festive seasons, particularly in September, when celebrations for Ganeshotsav and Navratrotsav lead to an increase in displays. This year, the city has seen a surge in political hoardings during the Lok Sabha elections in June and the state assembly elections in November. The Bombay High Court had reprimanded the Maharashtra government and civic bodies across the state for failing to adhere to its directives on curbing illegal hoardings and banners. However, even after the elections, these hoardings continue to clutter the city's landscape, contributing to the growing visual pollution. According to data received from the BMC's License Department, a total of 39,187 religious, 25,402 political, and 3,373 commercial illegal posters and banners were removed between January 1 and December 18, 2024. The highest number of illegal banners and posters were removed in the months of September and October, with 25,689 removed in September and 10,953 in October. The new draft policy mandates that no agency may erect or display advertisements such as banners, boards, or flags, without written permission. Unauthorised displays will be punishable under section 471 of the BMC Act, 1888, and The Maharashtra Prevention of Defacement of Property Act, 1995, which can lead to up to three months imprisonment, a fine of Rs2,000, or both.(WEST PALM BEACH, Fla.) — First it was , then the . Now, again wants . The President-elect is renewing unsuccessful for the U.S. to buy Greenland from Denmark, adding to the list of allied countries with which he's picking fights even before taking office on Jan. 20. In a Sunday announcement naming his ambassador to Denmark, Trump wrote that, “For purposes of National Security and Freedom throughout the World, the United States of America feels that the ownership and control of Greenland is an absolute necessity." Trump again having designs on Greenland comes after the President-elect suggested over the weekend that the U.S. could retake control of the Panama Canal if something isn't done to ease rising shipping costs required for using the waterway linking the Atlantic and Pacific oceans. He's also been suggesting that Canada become the 51st U.S. state and referred to Canadian Prime Minister as “governor” of the “Great State of Canada.” Stephen Farnsworth, a political science professor at the University of Mary Washington in Fredericksburg, Virginia, said Trump tweaking friendly countries harkens back to an aggressive style he used during his days in business. “You ask something unreasonable and it’s more likely you can get something less unreasonable,” said Farnsworth, who is also author of the book “Presidential Communication and Character.” Greenland, the world’s largest island, sits between the Atlantic and Arctic oceans. It is 80% covered by an ice sheet and is home to a large U.S. military base. It gained home rule from Denmark in 1979 and its head of government, Múte Bourup Egede, suggested that Trump’s latest calls for U.S. control would be as meaningless as those made in his first term. “Greenland is ours. We are not for sale and will never be for sale,” he said in a statement. “We must not lose our years-long fight for freedom.” Trump after his was rejected by Copenhagen, and ultimately . He also suggested Sunday that the U.S. is getting “ripped off” at the Panama Canal. “If the principles, both moral and legal, of this magnanimous gesture of giving are not followed, then we will demand that the Panama Canal be returned to the United States of America, in full, quickly and without question,” he said. Panama President responded in a video that “every square meter of the canal belongs to Panama and will continue to,” but Trump fired back on his social media site, “We’ll see about that!” The President-elect also posted a picture of a U.S. flag planted in the canal zone under the phrase, “Welcome to the United States Canal!” The United States built the canal in the early 1900s but relinquished control to on Dec. 31, 1999, under a treaty signed in 1977 by President . The canal depends on reservoirs that were hit by 2023 droughts that forced it to substantially reduce the number of daily slots for crossing ships. With fewer ships, administrators also increased the fees that shippers are charged to reserve slots to use the canal. The Greenland and Panama flareups followed Trump recently posting that “Canadians want Canada to become the 51st State" and offering an image of himself superimposed on a mountaintop surveying surrounding territory next to a Canadian flag. Trudeau about annexing his country, but the pair met recently at Trump's Mar-a-Lago club in Florida to discuss Trump's threats to impose on all Canadian goods. “Canada is not going to become part of the United States, but Trump’s comments are more about leveraging what he says to get concessions from Canada by putting Canada off balance, particularly given the precarious current political environment in Canada,” Farnsworth said. “Maybe claim a win on trade concessions, a tighter border or other things.” He said the situation is similar with Greenland. “What Trump wants is a win," Farnsworth said. "And even if the American flag doesn’t raise over Greenland, Europeans may be more willing to say yes to something else because of the pressure.” __ Associated Press Writer Gary Fields in Washington contributed to this report.Big 44 high school football game returns to Syracuse: see who’s playing for Section III
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Dec 9, 2024-- C3.ai, Inc. (“C3 AI,” “C3,” or the “Company”) (NYSE: AI), the Enterprise AI application software company, today announced financial results for its fiscal second quarter ended October 31, 2024. “We had an outstanding quarter with strong top- and bottom-line performance to mark our seventh consecutive quarter of accelerating revenue growth,” said Thomas M. Siebel, Chairman and CEO, C3 AI. “It is difficult to overstate the potential of the Microsoft–C3 AI strategic alliance,” said Siebel. “By establishing C3 AI as a preferred AI application provider on Azure and creating a Microsoft-scale go-to-market engine, we’re making it easy for businesses to adopt and deploy C3 AI applications. This is an inflection point for Enterprise AI, driving growth.” Fiscal Second Quarter 2025 Financial Highlights Microsoft Azure Strategic Alliance Partner Network C3 AI reinforced its leadership in Enterprise AI, strengthened by a thriving partner ecosystem to accelerate Enterprise AI adoption. Business Highlights C3 AI had continuing momentum with significant Federal and commercial successes and strengthened strategic partnerships. Federal Momentum Federal business demonstrated strong execution, securing key wins and expansions across multiple agencies. C3 Generative AI C3 AI further strengthens its competitive edge in generative AI, affirming its market leadership. Financial Outlook: The Company’s guidance includes GAAP and non-GAAP financial measures. The following table summarizes C3 AI’s guidance for the third quarter of fiscal 2025 and full-year fiscal 2025: (in millions) Third Quarter Fiscal 2025 Guidance Full Year Fiscal 2025 Guidance Total revenue $95.5 - $100.5 $378.0 - $398.0 Non-GAAP loss from operations $(38.6) - $(46.6) $(105.0) - $(135.0) A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future. Stock-based compensation expense-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by the timing of employee stock transactions, the future fair market value of our common stock, and our future hiring and retention needs, all of which are difficult to predict and subject to constant change. We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our historical non-GAAP results included in this press release. Our fiscal year ends April 30, and numbers are rounded for presentation purposes. Conference Call Details What: C3 AI Second Quarter Fiscal 2025 Financial Results Conference Call When: Monday, December 9, 2024 Time: 2:00 p.m. PT / 5:00 p.m. ET Participant Registration: https://register.vevent.com/register/BI383ae1e1c80b4221a65de6c2c2baf582 (live) Webcast: https://edge.media-server.com/mmc/p/xf8dudjw (live and replay) Investor Presentation Details An investor presentation providing additional information and analysis can be found at our investor relations page at ir.c3.ai . Statement Regarding Use of Non-GAAP Financial Measures The Company reports the following non-GAAP financial measures, which have not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. We use these non-GAAP financial measures internally for financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. Our presentation of non-GAAP financial measures may not be comparable to similar measures used by other companies. We encourage investors to carefully consider our results under GAAP, as well as our supplemental non-GAAP information and the reconciliation between these presentations, to more fully understand our business. Please see the tables included at the end of this release for the reconciliation of GAAP to non-GAAP financial measures. Other Information Professional Services Revenue Our professional services revenue includes service fees and prioritized engineering services. Service fees include revenue from services such as consulting, training, and paid implementation services. For service fees, revenue is typically recognized over time as the services are performed. Prioritized engineering services are undertaken when a customer requests that we accelerate the design, development, and delivery of software features and functions that are planned in our future product roadmap. When we agree to this, we negotiate an agreed upon fee to accelerate the development of the software. When the software feature is delivered, it becomes integrated to our core product offering, is available to all subscribers of the underlying software product, and enhances the operation of that product going forward. Such prioritized engineering services result in production-level computer software – compiled code that enhances the functionality of our production products – which is available for our customers to use over the life of their software licenses. Per Accounting Standards Codification (ASC) 606, Prioritized engineering services revenue is recognized as professional services over the period in which the software development is completed. Total professional services revenue consists of: Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 (in thousands) (in thousands) Prioritized engineering services $ 9,661 $ 4,852 $ 20,310 $ 13,100 Service fees 3,515 1,928 6,623 4,690 Total professional services revenue $ 13,176 $ 6,780 $ 26,933 $ 17,790 Use of Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements in this press release include, but are not limited to, statements regarding our market leadership position, anticipated benefits from our partnerships, financial outlook, our sales and customer opportunity pipeline including our industry diversification, the expected benefits of our offerings (including the potential benefits of our C3 Generative AI offerings), and our business strategies, plans, and objectives for future operations. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including our history of losses and ability to achieve and maintain profitability in the future, our historic dependence on a limited number of existing customers that account for a substantial portion of our revenue, our ability to attract new customers and retain existing customers, market awareness and acceptance of enterprise AI solutions in general and our products in particular, the length and unpredictability of our sales cycles and the time and expense required for our sales efforts. Some of these risks are described in greater detail in our filings with the Securities and Exchange Commission, including our Quarterly Reports on Form 10-Q for the fiscal quarters ended July 31, 2024 and, when available, October 31, 2024, although new and unanticipated risks may arise. The future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur. Except to the extent required by law, we do not undertake to update any of these forward-looking statements after the date of this press release to conform these statements to actual results or revised expectations. About C3.ai, Inc. C3.ai, Inc. (NYSE:AI) is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 AI Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications, C3 AI applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally, and C3 Generative AI, a suite of domain-specific generative AI offerings for the enterprise. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (Unaudited) Three Months Ended October Six Months Ended October 31, 2024 2024 2023 2024 2023 Revenue Subscription (1) $ 81,162 $ 66,449 $ 154,618 $ 127,801 Professional services (2) 13,176 6,780 26,933 17,790 Total revenue 94,338 73,229 181,551 145,591 Cost of revenue Subscription 35,038 30,937 68,330 61,371 Professional services 1,460 1,179 3,215 2,558 Total cost of revenue 36,498 32,116 71,545 63,929 Gross profit 57,840 41,113 110,006 81,662 Operating expenses Sales and marketing (3) 55,643 49,895 107,768 93,780 Research and development 55,715 50,399 108,642 101,267 General and administrative 21,770 20,215 41,470 40,104 Total operating expenses 133,128 120,509 257,880 235,151 Loss from operations (75,288 ) (79,396 ) (147,874 ) (153,489 ) Interest income 9,560 10,480 19,563 20,602 Other income (expense), net 13 (638 ) 41 (877 ) Loss before provision for income taxes (65,715 ) (69,554 ) (128,270 ) (133,764 ) Provision for income taxes 257 226 529 374 Net loss $ (65,972 ) $ (69,780 ) $ (128,799 ) $ (134,138 ) Net loss per share attributable to Class A and Class B common stockholders, basic and diluted $ (0.52 ) $ (0.59 ) $ (1.02 ) $ (1.15 ) Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted 127,870 118,656 126,434 117,125 (1) Including related party revenue of $10,581 for the six months ended October 31, 2023. (2) Including related party revenue of $5,804 for the six months ended October 31, 2023. (3) Including related party sales and marketing expense of $810 for the six months ended October 31, 2023. C3.AI, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except for share and per share data) (Unaudited) October 31, 2024 April 30, 2024 Assets Current assets Cash and cash equivalents $ 121,274 $ 167,146 Marketable securities 609,100 583,221 Accounts receivable, net of allowance of $486 and $359 as of October 31, 2024 and April 30, 2024, respectively 159,987 130,064 Prepaid expenses and other current assets 27,458 23,963 Total current assets 917,819 904,394 Property and equipment, net 84,198 88,631 Goodwill 625 625 Other assets, non-current 43,647 44,575 Total assets $ 1,046,289 $ 1,038,225 Liabilities and stockholders’ equity Current liabilities Accounts payable $ 20,611 $ 11,316 Accrued compensation and employee benefits 41,755 44,263 Deferred revenue, current 35,663 37,230 Accrued and other current liabilities 23,979 9,526 Total current liabilities 122,008 102,335 Deferred revenue, non-current 127 1,732 Other long-term liabilities 65,193 60,805 Total liabilities 187,328 164,872 Commitments and contingencies Stockholders’ equity Class A common stock 125 120 Class B common stock 3 3 Additional paid-in capital 2,077,044 1,963,726 Accumulated other comprehensive income (loss) 521 (563 ) Accumulated deficit (1,218,732 ) (1,089,933 ) Total stockholders’ equity 858,961 873,353 Total liabilities and stockholders’ equity $ 1,046,289 $ 1,038,225 C3.AI, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Six Months Ended October 31, 2024 2023 Cash flows from operating activities: Net loss $ (128,799 ) $ (134,138 ) Adjustments to reconcile net loss to net cash used in operating activities Depreciation and amortization 6,092 6,220 Non-cash operating lease cost 203 454 Stock-based compensation expense 111,721 104,049 Accretion of discounts on marketable securities (7,618 ) (8,755 ) Other 418 — Changes in operating assets and liabilities Accounts receivable (1) (30,051 ) (8,567 ) Prepaid expenses, other current assets and other assets (2) (1,993 ) (665 ) Accounts payable (3) 9,294 (2,918 ) Accrued compensation and employee benefits (4,815 ) (2,551 ) Operating lease liabilities (1,215 ) 7,804 Other liabilities (4) 19,284 1,709 Deferred revenue (5) (3,172 ) (7,296 ) Net cash used in operating activities (30,651 ) (44,654 ) Cash flows from investing activities: Purchases of property and equipment (1,739 ) (16,631 ) Capitalized software development costs — (2,750 ) Purchases of marketable securities (365,926 ) (489,871 ) Maturities and sales of marketable securities 348,750 412,554 Net cash used in investing activities (18,915 ) (96,698 ) Cash flows from financing activities: Proceeds from issuance of Class A common stock under employee stock purchase plan 5,009 5,055 Proceeds from exercise of Class A common stock options 4,472 10,163 Taxes paid related to net share settlement of equity awards (5,787 ) (9,686 ) Net cash provided by financing activities 3,694 5,532 Net decrease in cash, cash equivalents and restricted cash (45,872 ) (135,820 ) Cash, cash equivalents and restricted cash at beginning of period 179,712 297,395 Cash, cash equivalents and restricted cash at end of period $ 133,840 $ 161,575 Cash and cash equivalents $ 121,274 $ 149,009 Restricted cash included in other assets 12,566 12,566 Total cash, cash equivalents and restricted cash $ 133,840 $ 161,575 Supplemental disclosure of cash flow information—cash paid for income taxes $ 534 $ 281 Supplemental disclosures of non-cash investing and financing activities: Purchases of property and equipment included in accounts payable and accrued liabilities $ 117 $ 7,293 Right-of-use assets obtained in exchange for lease obligations (including remeasurement of right-of-use assets and lease liabilities due to changes in the timing of receipt of lease incentives) $ 1,345 $ 778 Vesting of early exercised stock options $ 216 $ 294 (1) Including changes in related party balances of $12,444 for the six months ended October 31, 2023. (2) Including changes in related party balances of $(810) for the six months ended October 31, 2023. (3) Including changes in related party balances of $248 for the six months ended October 31, 2023. (4) Including changes in related party balances of $(2,448) for the six months ended October 31, 2023. (5) Including changes in related party balances of $(46) for the six months ended October 31, 2023. C3.AI, INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In thousands, except percentages) (Unaudited) Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Reconciliation of GAAP gross profit to non-GAAP gross profit: Gross profit on a GAAP basis $ 57,840 $ 41,113 $ 110,006 $ 81,662 Stock-based compensation expense (1) 8,311 8,993 16,719 17,509 Employer payroll tax expense related to employee stock-based compensation (2) 171 297 527 838 Gross profit on a non-GAAP basis $ 66,322 $ 50,403 $ 127,252 $ 100,009 Gross margin on a GAAP basis 61 % 56 % 61 % 56 % Gross margin on a non-GAAP basis 70 % 69 % 70 % 69 % Reconciliation of GAAP loss from operations to non-GAAP loss from operations: Loss from operations on a GAAP basis $ (75,288 ) $ (79,396 ) $ (147,874 ) $ (153,489 ) Stock-based compensation expense (1) 57,038 53,169 111,721 104,049 Employer payroll tax expense related to employee stock-based compensation (2) 1,090 1,274 2,362 3,774 Loss from operations on a non-GAAP basis $ (17,160 ) $ (24,953 ) $ (33,791 ) $ (45,666 ) Reconciliation of GAAP net loss per share to non-GAAP net loss per share: Net loss on a GAAP basis $ (65,972 ) $ (69,780 ) $ (128,799 ) $ (134,138 ) Stock-based compensation expense (1) 57,038 53,169 111,721 104,049 Employer payroll tax expense related to employee stock-based compensation (2) 1,090 1,274 2,362 3,774 Net loss on a non-GAAP basis $ (7,844 ) $ (15,337 ) $ (14,716 ) $ (26,315 ) GAAP net loss per share attributable to Class A and Class B common shareholders, basic and diluted $ (0.52 ) $ (0.59 ) $ (1.02 ) $ (1.15 ) Non-GAAP net loss per share attributable to Class A and Class B common shareholders, basic and diluted $ (0.06 ) $ (0.13 ) $ (0.12 ) $ (0.22 ) Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted 127,870 118,656 126,434 117,125 (1) Stock-based compensation expense for gross profits and gross margin includes costs of subscription and cost of professional services as follows. Stock-based compensation expense for loss from operations includes total stock-based compensation expense as follows: Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Cost of subscription $ 7,827 $ 8,514 $ 15,521 $ 16,570 Cost of professional services 484 479 1,198 939 Sales and marketing 20,802 18,226 39,635 35,005 Research and development 17,999 16,685 36,430 33,718 General and administrative 9,926 9,265 18,937 17,817 Total stock-based compensation expense $ 57,038 $ 53,169 $ 111,721 $ 104,049 (2) Employer payroll tax expense related to employee stock-based compensation for gross profits and gross margin includes costs of subscription and cost of professional services as follows. Employer payroll tax expense related to employee stock-based compensation for loss from operations includes total employer payroll tax expense related to employee stock-based compensation as follows: Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Cost of subscription $ 163 $ 282 $ 489 $ 791 Cost of professional services 8 15 38 47 Sales and marketing 450 463 922 1,468 Research and development 231 415 595 1,232 General and administrative 238 99 318 236 Total employer payroll tax expense $ 1,090 $ 1,274 $ 2,362 $ 3,774 Reconciliation of free cash flow to the GAAP measure of net cash used in operating activities: The following table below provides a reconciliation of free cash flow to the GAAP measure of net cash used in operating activities for the periods presented: Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Net cash used in operating activities $ (38,693 ) $ (48,590 ) $ (30,651 ) $ (44,654 ) Less: Purchases of property and equipment (815 ) (5,293 ) (1,739 ) (16,631 ) Capitalized software development costs — (1,250 ) — (2,750 ) Free cash flow $ (39,508 ) $ (55,133 ) $ (32,390 ) $ (64,035 ) Net cash provided by (used in) investing activities $ 22,635 $ (11,898 ) $ (18,915 ) $ (96,698 ) Net cash provided by financing activities $ 3,512 $ 3,055 $ 3,694 $ 5,532 View source version on businesswire.com : https://www.businesswire.com/news/home/20241209723558/en/ CONTACT: Investor Contact ir@c3.aiC3 AI Public Relations Edelman Lisa Kennedy (415) 914-8336 pr@c3.ai KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY ARTIFICIAL INTELLIGENCE SOURCE: C3.ai Copyright Business Wire 2024. PUB: 12/09/2024 04:05 PM/DISC: 12/09/2024 04:06 PM http://www.businesswire.com/news/home/20241209723558/enQuarterback Brock Purdy threw without pain Monday and 49ers coach Kyle Shanahan will wait until midweek to evaluate the progress of edge rusher Nick Bosa and left tackle Trent Williams as the team determines whether they’ll play next weekend in Buffalo. It remains to be seen who will and won’t be available when the 49ers embark on a cross-country trip to face the AFC East-leading Bills, currently 9-2 and the No, 2 seed in the conference. The 49ers are expected to get a practice lift with the activation of linebacker Dre Greenlaw, who will begin his 21-day window off injured reserve after offseason Achilles surgery after being injured in the Super Bowl. Cornerback Charvarius Ward, who worked with the scout team last week as he works through his grief following the loss of his 23-month-old daughter, may also begin getting work again with the first team. Are things actually looking up for the 49ers? One thing for sure is that the 49ers are looking up at everybody else in the AFC West but are still only a game out of first place with Seattle and Arizona at 6-5 and the 49ers and Rams at 5-6. It’s clear to Shanahan that any pathway to the playoffs would be as a division title rather than as a wild card, where Washington holds the final spot at 7-5. “You look at the whole NFC picture and if you don’t win the division, 10-7 is not guaranteed to get in as a wild card by any means this year,” Shanahan told reporters during his weekly conference call. “That is why the Seattle game was so tough, and that’s why last night was even worse. “We know exactly what the playoff situation is, but really all that matters is this week when you do need to go on a run and put a lot of wins to even think of that, then you’d better be thinking of only one thing – and that’s Buffalo.” Should Purdy be unable to go, Shanahan said Brandon Allen would get a second start at quarterback after he played Sunday in Green Bay. SNAP JUDGEMENTS 72: Safeties Ji’Ayir Brown and Malik Mustapha and middle linebacker Fred Warner played every defensive snap. 49: When Allen at quarterback and Jaylon Moore at left tackle play every snap (along with Colton McKivitz, Dominick Puni and Jake Brendel) then you know there’s a problem with injuries. And Allen and Moore were the least of their problems. 44: Leonard Floyd played 61 percent — about his usual number — even without Nick Bosa in the lineup. With 3 1/2 sacks in his last two games, he’s a half-sack behind Bosa for the team lead. 33: Rookie wide receiver Ricky Pearsall Jr. played 67 percent of the snaps — the same as Deebo Samuel — and did not have a pass thrown his way. 21: Robert Beal Jr. played a season-high number of snaps in Bosa’s absence at defensive end and did not appear on the stat sheet for having a tackle or an assist. 9: Running back Jordan Mason has played 14 snaps in three games since McCaffrey’s return and has six carries for 26 yards. 4: Tashaun Gipson was promoted to the 53-man roster but still hasn’t played on defense in three games at safety. He had four special teams snaps against Green Bay. More to come on this breaking story . . .
FORT WORTH, Texas — Navy football capped a turnaround season with an uplifting victory in the Lockheed Martin Armed Forces Bowl — and made some history in the process. Quarterback Blake Horvath directed a gutsy 12-play, 66-yard touchdown drive that put Navy ahead of Oklahoma. The Mids hung on thanks to defensive end Justin Reed, who preserved the 21-20 win by sacking Oklahoma quarterback Michael Hawkins Jr. on a two-point conversion attempt with six seconds remaining. Horvath’s 6-yard keeper with 4:34 left capped a string of 21 straight Navy points to fully erase a 14-0 lead Oklahoma built in the first quarter. However, the Sooners drove 65 yards in 1:41 to get in position to win the game after Hawkins threw a 10-yard touchdown pass to Jake Roberts. Coach Brent Venables decided to go for the win and Hawkins never had a chance to get off a pass as several Navy defenders broke into the backfield. Reed dropped the dangerous freshman as the Midshipmen breathed a collective sigh of relief. Navy’s winning score came after taking possession at its own 34-yard line following a missed field goal by Oklahoma early in the fourth quarter. The Midshipmen converted on third down twice and fourth down once to stay on the field. Horvath completed a clutch 10-yard pass to snipe Brandon Chatman on a third down, then later found snipe Eli Heidenreich open in the flat for a 16-yard gain on fourth down to set up the winning score. On first-and-goal from the 6, Horvath found an opening on the right side, got a great block from fullback Alex Tecza and scooted untouched into the end zone, giving Navy its first lead of the game and causing a raucous celebration along the visiting sideline. The drive took more than seven minutes off the clock and left less than five for the Sooners to tie or win. An exchange of punts left Oklahoma at its own 35-yard line with 1:47 to go in the game. Hawkins calmly completed seven passes as the Sooners drove 65 yards in 13 plays. He got the touchdown the Sooners needed, but couldn’t escape Reed with the game on the line. Horvath was the offensive hero for Navy (10-3), rushing for 155 yards and two touchdowns with almost all of that coming in the second half. Horvath overcame a slow start throwing the ball to complete 7 of 12 passes for 92 yards. Inside linebackers Colin Ramos and Kyle Jacob spearheaded the defense for the Midshipmen. Ramos recorded a game-high 12 tackles, while Jacob totaled nine tackles, a forced fumble and a sack. This Navy team became just the sixth in program history to reach double digits for wins, the first since 2019, which also was the last time Navy won a bowl game. The Midshipmen defeated a Southeastern Conference opponent in a bowl game for only the second time in program history. Way back in 1954, Navy’s “Team Named Desire” defeated Mississippi in the Sugar Bowl. “It was all Oklahoma early as the Navy defense was overmatched on two straight possessions to start the game, while the offense shot itself in the foot. Hawkins directed an efficient nine-play, 65-yard touchdown drive on the game’s opening possession. Gavin Sawchuk capped it with a 21-yard scoring scamper. He burst through a big hole on the left side and raced untouched into the end zone to give the Sooners a 7-0 lead with just over three minutes elapsed. Navy nearly countered with a score of its own as Horvath hit wide receiver Nathan Kent in stride on a deep throw. Kent got way behind the entire secondary and was wide-open, but Horvath’s throw was high. Kent made a spectacular catch to snag the ball, but fell to the turf at the Oklahoma 41-yard line. Navy eventually punted. Oklahoma added to the lead on its second possession with Hawkins using his running ability to make things happen. He scrambled for 16 yards to convert a third down then did it again to produce a touchdown, eluding pressure then finishing Zion Kearney for a 56-yard touchdown that made it 14-0. Navy finally got its offense going late in the second quarter. Oklahoma’s second turnover on downs gave Navy a short field and the Mids took advantage. Horvath used a fake quarterback draw and jump pass to convert a third down with a 21-yard completion to tight end Cody Howard. Two plays later, Tecza found a seam up the middle then ran through two defenders for a 21-yard touchdown that made it 14-7 at the break. Following an exchange of punts to start the second half, Horvath electrified the crowd by bursting up the middle on a quarterback keeper and racing 95 yards for a touchdown. It was the longest touchdown run in Navy football history and the also the longest in Armed Forces Bowl history. Set up in shotgun formation and standing on his own goal-line, Horvath saw the parting of the Red Sea and galloped untouched the length of the field. Heidenreich made a great hustle play by racing downfield to get in the way of the nearest chasing defender. Nathan Kirkwood’s extra point tied the game at 14 with 3:49 left in the third period. Oklahoma appeared to take the lead back with a 56-yard Hawkins touchdown run late in the third quarter, but it was called back for holding. The Sooners still put together a couple of first downs to get to Navy’s 34, but a 52-yard field goal by Zach Schmitt was off the mark and Navy proceeded to embark on its winning touchdown drive. (c)2024 The Capital (Annapolis, Md.) Visit The Capital (Annapolis, Md.) at www.hometownannapolis.com Distributed by Tribune Content Agency, LLC.Gurugram, Dec 22 (PTI) Gurugram Cyber Police has arrested a man from Tamil Nadu for running an illegal SIM card racket, officials said on Sunday. The accused, Mohammad Jamil bin Mohammed Iqbal, a resident of Kuala Lumpur, used to buy SIM cards from India and sell them in Malaysia, which cyber fraudsters used to cheat people in this country while sitting abroad, police said. Police have recovered a Malaysian passport, an international driving licence, one health card, one debit card, one mobile phone, and Indian and foreign currency notes from the possession of Iqbal, who was arrested from Trichy in Tamil Nadu on Saturday. Iqbal, who arrived in India on Thursday, took more than 150 SIM cards to Malaysia on two occasions, police said. Two persons who arranged SIM cards for the accused were caught in August along with two others for their alleged involvement in duping a Gurugram resident of Rs 2.81 crore in the name of investment in stock markets. During interrogation, the accused disclosed the name of Iqbal, which prompted the cyber police to issue a look out circular in his name. As soon as he landed in Trichy on Thursday, the airport police caught Iqbal and informed Gurugram Police who took him into custody on Saturday. "Iqbal's mother was from Tamil Nadu. He also got married to a woman from the state and was well-versed in Tamil. Iqbal, who came to India with another Malaysian accomplice, came in contact with a gang of cyber thugs in February. We are presently questioning the accused," Priyanshu Dewan, Assistant Commissioner of Police (cyber wing), said. (This story has not been edited by THE WEEK and is auto-generated from PTI)
ARLINGTON, Va., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced its intention to offer, subject to market and other conditions, $300.0 million aggregate principal amount of convertible senior notes due 2030 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. Fluence also expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $45.0 million aggregate principal amount of the Notes. The Notes will be senior, unsecured obligations of Fluence, will accrue interest payable semi-annually in arrears and will mature on June 15, 2030, unless earlier repurchased, redeemed or converted. Before March 15, 2030, noteholders will have the right to convert their Notes in certain circumstances and during specified periods. From and after March 15, 2030, noteholders may convert their Notes at any time at their election until the close of business on the second scheduled trading day immediately before the maturity date. Fluence will settle conversions by paying or delivering, as applicable, cash, shares of its Class A common stock (“Class A common stock”) or a combination of cash and shares of its Class A common stock, at Fluence’s election. The Notes will be redeemable, in whole or in part (subject to certain partial redemption limitations), at Fluence’s option at any time, and from time to time, on or after December 20, 2027 and on or before the 50th scheduled trading day immediately before the maturity date, at a cash redemption price equal to the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date, but only if (i) the Notes are “freely tradable”, and all accrued and unpaid additional interest, if any, has been paid in full, as of the date of the related redemption notice, and (ii) the last reported sale price per share of Fluence’s Class A common stock exceeds 130% of the conversion price for a specified period of time. The final terms of the Notes, including the interest rate, initial conversion rate and certain other terms of the Notes, will be determined at the pricing of the offering. If certain events that constitute a “fundamental change” occur, then, subject to a limited exception, noteholders may require Fluence to repurchase their Notes at a cash repurchase price equal to the principal amount of the Notes to be repurchased, plus accrued and unpaid special interest, if any, to, but excluding, the applicable repurchase date. In connection with the pricing of the Notes, the Company intends to enter into privately negotiated capped call transactions (the “capped call transactions”) with one or more of the initial purchasers and/or their respective affiliates and/or other financial institutions (the “counterparties”). The capped call transactions will cover, subject to customary adjustments, the number of shares of the Company’s Class A common stock that will initially underlie the Notes. The Company anticipates that the cap price of the capped call transactions will initially represent a premium over the last reported sale price of the Company’s Class A common stock on the pricing date of the offering of the Notes. The capped call transactions are generally expected to offset the potential dilution to the Class A common stock and/or offset any cash payments the Company is required to make in excess of the principal amount of converted Notes, with such offset subject to a cap, as the case may be, as a result of any conversion of the Notes. If the initial purchasers exercise their option to purchase additional Notes, the Company expects to enter into additional capped call transactions with the counterparties. In connection with establishing their initial hedge of these capped call transactions, the Company has been advised that the counterparties (i) may enter into various over-the-counter cash-settled derivative transactions with respect to the Class A common stock and/or purchase the Class A common stock in secondary market transactions concurrently with, or shortly after, the pricing of the Notes; and (ii) may enter into or unwind various over-the-counter derivatives and/or purchase the Class A common stock in secondary market transactions following the pricing of the Notes. These activities could have the effect of increasing or preventing a decline in the price of the Class A common stock concurrently with or following the pricing of the Notes and under certain circumstances, could affect the ability to convert the Notes. In addition, we expect that the counterparties may modify or unwind their hedge positions by entering into or unwinding various derivative transactions and/or purchasing or selling the Class A common stock or other securities of the Company in secondary market transactions following the pricing of the Notes and prior to maturity of the Notes (and are likely to do so (x) during any observation period related to a conversion of the Notes or following any redemption or fundamental change repurchase of the Notes, (y) following any other repurchase of the Notes if the Company unwinds a corresponding portion of the capped call transactions in connection with such repurchase and (z) if the Company otherwise unwinds all or a portion of the capped call transactions). The effect, if any, of these transactions and activities on the market price of the Class A common stock or the Notes will depend in part on market conditions and cannot be ascertained at this time, but any of these activities could adversely affect the value of the Class A common stock and the value of the Notes, and potentially the value of the consideration that a noteholder will receive upon the conversion of the Notes and could affect a noteholder’s ability to convert the Notes. Fluence intends to use a portion of the net proceeds from the offering to fund the cost of entering into the capped call transactions. If the initial purchasers exercise their option to purchase additional Notes, Fluence expects to use a portion of the net proceeds from the sale of additional Notes to fund the cost of entering into additional capped call transactions. Fluence intends to transfer the remaining net proceeds of the offering directly to purchase an intercompany subordinated convertible promissory note issued by Fluence Energy, LLC, the proceeds of which Fluence Energy, LLC intends to use for working capital needs, upgrading one of its battery cell production lines from 305 amp hour cells to 530 amp hour cells, and general corporate purposes. The offer and sale of the Notes and any shares of Class A common stock issuable upon conversion of the Notes have not been, and will not, be registered under the Securities Act or any other securities laws, and the Notes and any such shares cannot be offered or sold except to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, the Notes or any shares of Class A common stock issuable upon conversion of the Notes, nor shall there be any sale of the Notes or any such shares, 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. Any offers of the Notes will be made only by means of a private offering memorandum. There can be no assurances that the offering of the Notes will be completed as described herein or at all. About Fluence: Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company’s solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future. Cautionary Note Regarding Forward-Looking Statements The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In particular, statements regarding our future results of operations and financial position, operational performance, anticipated growth and business strategy, future revenue recognition and estimated revenues, future capital expenditures and debt service obligations, projected costs, prospects, plans, and objectives of management for future operations, including, among others, statements regarding expected growth and demand for our energy storage solutions, services, and digital application offerings, relationships with new and existing customers and suppliers, introduction of new energy storage solutions, services, and digital application offerings and adoption of such offerings by customers, assumptions relating to the Company’s tax receivable agreement, expectations relating to backlog, pipeline, and contracted backlog, current expectations relating to legal proceedings, and anticipated impact and benefits from the Inflation Reduction Act of 2022 and related domestic content guidelines on us and our customers as well as any other proposed or recently enacted legislation, are forward-looking statements. In some cases, you may identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “grows,” “believes,” “estimates,” “predicts,” “potential”, “commits”, or “continue” or the negative of these terms or other similar expressions. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Among those risks and uncertainties are market conditions and the satisfaction of the closing conditions related to the offering of the Notes and the consummation of the capped calls transactions. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. These forward-looking statements are subject to a number of important factors that could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, our relatively limited operating and revenue history as an independent entity and the nascent clean energy industry; anticipated increasing expenses in the future and our ability to maintain prolonged profitability; fluctuations of our order intake and results of operations across fiscal periods; potential difficulties in maintaining manufacturing capacity and establishing expected mass manufacturing capacity in the future; risks relating to delays, disruptions, and quality control problems in our manufacturing operations; risks relating to quality and quantity of components provided by suppliers; risks relating to our status as a relatively low-volume purchaser as well as from supplier concentration and limited supplier capacity; risks relating to operating as a global company with a global supply chain; changes in the cost and availability of raw materials and underlying components; failure by manufacturers, vendors, and suppliers to use ethical business practices and comply with applicable laws and regulations; significant reduction in pricing or order volume or loss of one or more of our significant customers or their inability to perform under their contracts; risks relating to competition for our offerings and our ability to attract new customers and retain existing customers; ability to maintain and enhance our reputation and brand recognition; ability to effectively manage our recent and future growth and expansion of our business and operations; our growth depends in part on the success of our relationships with third parties; ability to attract and retain highly qualified personnel; risks associated with engineering and construction, utility interconnection, commissioning and installation of our energy storage solutions and products, cost overruns, and delays; risks relating to lengthy sales and installation cycle for our energy storage solutions; risks related to defects, errors, vulnerabilities and/or bugs in our products and technology; risks relating to estimation uncertainty related to our product warranties; fluctuations in currency exchange rates; risks related to our current and planned foreign operations; amounts included in our pipeline and contracted backlog may not result in actual revenue or translate into profits; risks related to acquisitions we have made or that we may pursue; events and incidents relating to storage, delivery, installation, operation, maintenance and shutdowns of our products; risks relating to our impacts to our customer relationships due to events and incidents during the project lifecycle of an energy storage solution; actual or threatened health epidemics, pandemics or similar public health threats; ability to obtain financial assurances for our projects; risks relating to whether renewable energy technologies are suitable for widespread adoption or if sufficient demand for our offerings do not develop or takes longer to develop than we anticipate; estimates on size of our total addressable market; barriers arising from current electric utility industry policies and regulations and any subsequent changes; risks relating to the cost of electricity available from alternative sources; macroeconomic uncertainty and market conditions; risk relating to interest rates or a reduction in the availability of tax equity or project debt capital in the global financial markets and corresponding effects on customers’ ability to finance energy storage systems and demand for our energy storage solutions; reduction, elimination, or expiration of government incentives or regulations regarding renewable energy; decline in public acceptance of renewable energy, or delay, prevent, or increase in the cost of customer projects; severe weather events; increased attention to ESG matters; restrictions set forth in our current credit agreement and future debt agreements; uncertain ability to raise additional capital to execute on business opportunities; ability to obtain, maintain and enforce proper protection for our intellectual property, including our technology; threat of lawsuits by third parties alleging intellectual property violations; adequate protection for our trademarks and trade names; ability to enforce our intellectual property rights; risks relating to our patent portfolio; ability to effectively protect data integrity of our technology infrastructure and other business systems; use of open-source software; failure to comply with third party license or technology agreements; inability to license rights to use technologies on reasonable terms; risks relating to compromises, interruptions, or shutdowns of our systems; changes in the global trade environment; potential changes in tax laws or regulations; risks relating to environmental, health, and safety laws and potential obligations, liabilities and costs thereunder; failure to comply with data privacy and data security laws, regulations and industry standards; risks relating to potential future legal proceedings, regulatory disputes, and governmental inquiries; risks related to ownership of our Class A common stock; risks related to us being a “controlled company” within the meaning of the NASDAQ rules; risks relating to the terms of our amended and restated certificate of incorporation and amended and restated bylaws; risks relating to our relationship with our Founders and Continuing Equity Owners; risks relating to conflicts of interest by our officers and directors due to positions with Continuing Equity Owners; risks related to short-seller activists; we depend on distributions from Fluence Energy, LLC to pay our taxes and expenses and Fluence Energy, LLC’s ability to make such distributions may be limited or restricted in certain scenarios; risks arising out of the Tax Receivable Agreement; unanticipated changes in effective tax rates or adverse outcomes resulting from examination of tax returns; risks relating to improper and ineffective internal control over reporting to comply with Sarbanes-Oxley Act; risks relating to changes in accounting principles or their applicability to us; risks relating to estimates or judgments relating to our critical accounting policies; and the factors described under the headings Part I, Item 1A. “Risk Factors” and Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024. If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. Many of the important factors that will determine these results are beyond our ability to control or predict. Accordingly, you should not place undue reliance on any such forward-looking statements. We qualify all forward-looking statements contained in this press release by these cautionary statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as otherwise required by law, we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New factors emerge from time to time, and it is not possible for us to predict which will arise. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.A rested flock was set to return to the ice after the holiday break as the Ducks geared up to dive headlong into a back-to-back set at home that would see them opposed by the Philadelphia Flyers on Saturday and the Edmonton Oilers on Sunday. After last Sunday’s dramatic comeback against Utah HC capped a spurt of three wins in four games, a competitive effort in Vegas in their fourth game in six nights fell short against the Pacific Division-pacing Golden Knights on Monday. In a game where shots on goal, shot attempts and other possession metrics were roughly even, the Ducks’ 0-for-4 performance on the power play loomed large. That was especially true since it was part of a broader stretch that has seen them go 1-for-19 while also allowing their only two five-on-four goals this season, including one against Vegas. They’ve been outscored narrowly overall, 16-14, in the five games they’ve played during that span. “We’ve got to get the power play going. That has been sputtering along,” Coach Greg Cronin told reporters. “When you do get power-play goals, it actually generates some offensive confidence, five-on-five. There’s a lot of frustration on the bench when they don’t score, particularly when we’re not getting a lot of chances and the other team’s getting shorthanded goals and shorthanded chances.” The Ducks were also shorthanded on Sunday in a different fashion, as they lost forward Brock McGinn (lower-body) and goalie John Gibson (upper-body) early in Vegas. Per Derek Lee of The Hockey News, neither player practiced on Saturday, though the Ducks said that Gibson’s absence was related to a separate illness as opposed to his upper-body injury. McGinn should be considered doubtful while Gibson and Lukáš Dostál might still split the two upcoming matches as planned initially. The first of those two games will pit the Ducks against Philadelphia, which has spent much of the year attempting to overcome a six-game winless slump that followed its season opener. Though they’ve cobbled together a pair of four-wins-in-five-games surges, the Flyers most recently lost four of five, surrendering 28 goals in those five outings. Travis Konecny, who signed an eight-year contract worth $70 million over the summer, leads the Flyers in scoring with 41 points. Matvei Michkov remained the frontrunner in the Calder Trophy race, though San Jose’s Macklin Celebrini has become an increasingly formidable challenger while Montreal’s Lane Hutson has emerged as a dark horse. Edmonton has won 11 of its past 13 contests to catapult itself in the standings. As recently as Dec. 5, the Oilers sat fifth in the Pacific, but they’ve since leapfrogged three teams –– the Kings, Calgary Flames and Vancouver Canucks –– to situate themselves directly behind Vegas. Related Articles Anaheim Ducks | Ducks can’t solve Golden Knights, who complete season sweep Anaheim Ducks | Mason McTavish delivers shootout win for Ducks in Utah Anaheim Ducks | Ducks and dads hit the road for games against Utah and Vegas Anaheim Ducks | Ducks start strong but fall to Avalanche Anaheim Ducks | Ducks and their surging trio welcome Colorado and its Big 3 That has also pushed their megastars, Leon Draisaitl and Connor McDavid, up the Art Ross Trophy leaderboard. Draisaitl’s 52 points tied him with Colorado’s Mikko Rantanen for second in the NHL entering Friday’s action while McDavid, who missed three games due to injury earlier this season, had 49 points to place him sixth in the league. When: 1 p.m. Saturday Where: Honda Center How to watch: Victory+, KCOP (Ch. 13) When: 1 p.m. Sunday Where: Honda Center How to watch: Victory+, KCOP (Ch. 13)
PHILADELPHIA, PA — U.S. Customs and Border Protection (CBP) officers recently confiscated 22,000 counterfeit Pennsylvania vehicle inspection stickers during inspections at the Area Port of Philadelphia. The illegal shipments, originating from Israel, were valued at $1,404,700 if authentic. The counterfeit inspection stickers were discovered in two separate parcels—10,000 stickers were intercepted on November 26, and another 12,000 were found on December 9. Following an investigation, Pennsylvania authorities confirmed the stickers were fraudulent, leading to their official seizure on December 16. Vehicle inspection stickers in Pennsylvania play a critical role in ensuring compliance with mechanical, safety, and emissions standards. Fraudulent stickers compromise public safety by obscuring uninspected, potentially unsafe vehicles. According to state law, vehicle owners caught using counterfeit stickers may face a fine of up to $500 and possible jail time. “Unscrupulous actors peddling fraudulent vehicle inspection stickers create a very serious public safety concern. Fake inspection stickers mask unsafe motor vehicles that place all motorists on our roadways in harm,” stated Cleatus P. Hunt, Jr., CBP’s Area Port Director. CBP officers emphasized their commitment to identifying and seizing counterfeit goods that pose risks to consumers and public safety, maintaining vigilance in monitoring shipments entering U.S. ports. No arrests have been made in connection with the seized shipments. For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN .
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