August 2026 — page 8
Eupraxia Pharmaceuticals Increases R&D Spending Amid Clinical Trials
The clinical-stage biotechnology company reported a net loss of $27.1 million for the six months ended June 30, 2026
Electrovaya Reports Record Quarterly Gross Margin of 34.9%
The lithium-ion battery manufacturer reported a record adjusted EBITDA of $3.7 million for the third quarter ended June 30, 2026.
Elemental Royalty Reports Record Quarterly Gold Equivalent Ounces
The company delivered record quarterly gold equivalent ounces of 5,248 for the period ended June 30, 2026
BioHarvest Sciences Reports Six-Month Revenue of $17.3 Million
The company held $16.2 million in cash and bank deposits as of June 30, 2026
Barrick Mining Corp Net Earnings Rise to $1.22 Billion
The gold and copper producer reported a 44% increase in quarterly revenue to $5.29 billion
Casualty Costs Rise as Catastrophe Pressure Eases for Insurers
A split is emerging in US insurance loss trends, with specialty and casualty lines deteriorating even as property catastrophe pressures ease.
Cost Inflation Outruns Relief Across 14 Industries
Of 126 companies reporting on the domestic economy this week, 42 across 11 industries pointed to pricing and cost pressure as the defining issue, from oilfield services to hardware to real estate.
Telos Raises Full-Year Profit Outlook on Telos ID
Second-quarter revenue reached $47.7 million, up 33% from a year earlier, and the company lifted full-year Adjusted EBITDA to as much as $28.6 million.
Target Hospitality Raises Full-Year Outlook as Revenue Climbs 39%
The company increased its full-year revenue guidance by 11% to a range of $410 million to $420 million.
Simon Property Group Raises Full-Year Outlook on NOI Growth
The real estate investment trust increased its full-year Real Estate FFO per share guidance midpoint by $0.08.
Outdoor Holding Extends Revenue Growth as Profitability Widens
Net revenues rose 22.1% to $14.5 million in the fiscal first quarter ended June 30, 2026, and Adjusted EBITDA more than doubled to $7.9 million.
PennantPark’s Net Asset Value Decline Slows
Net asset value fell 2.5% in the June quarter, while investment earnings remained below the company’s combined base and supplemental distributions.
Palisade Bio Clears IND and Starts Phase 2 Ulcerative Colitis Trial
Cash and cash equivalents stood at $125.2 million as of June 30, 2026, which the company said is sufficient through Phase 2 readouts expected in the second half of 2027 and early 2028.
Oruka Therapeutics Doubles Cash to $1.1 Billion, Accelerates Key Trial Readouts
The biotech's $700 million April offering swelled its balance sheet and pushed EVERLAST-B data a quarter ahead of schedule.
National Energy Services Reunited Posts Record Quarter as Margins Expand
National Energy Services Reunited (NESR) reported revenue of $520.8 million in the second quarter, up 59.1% from a year earlier and up 28.7% from the first quarter.
MITT Signs Cherry Hill Merger After Book Value Recovers
The residential mortgage REIT posted $0.24 of earnings available for distribution a share, matching its dividend, and lifted book value to $10.00.
James River Cuts Specialty Admitted Premiums to Chase E&S
Gross written premium fell 29% to $268.9 million as Specialty Admitted collapsed 76% and group retention rose to 55%.
GoPro Board Authorizes Sale Process as Revenue Falls
Second-quarter revenue was $105 million, down 31% from a year earlier, as hardware sales and retail demand continued to contract.
Greystone Housing Impact Investors Posts a Net Loss
Cash available for distribution was $2.43 million, or $0.10 a BUC, as the partnership booked a $1.52 million net loss.
FutureFuel Returns to Profit With Hedging Benefit
FutureFuel reported second-quarter net income of $11.4 million, reversing losses as biofuel production recovered and hedge-related timing benefits lifted gross profit.
Ferguson Raises Outlook as U.S. Sales Accelerate
Reported earnings rose 6.9% to $3.43 a share as share count declined.
Energy Services of America Raises Dividend After Profit Jump
Net income reached $3.3 million, or $0.18 a share, and the quarterly dividend rose 33% to $0.04 a share.
Ceco Raises Outlook as Thermon Deal Accelerates Growth
Second-quarter revenue climbed 54% to $285.0 million as the Thermon acquisition entered the results.
Crescent BDC NAV Falls Again After Fee Cuts
Net investment income was $0.36 a share in the quarter ended June 30, 2026, and NAV per share was $17.82.
Perspective Targets Year-End Phase 3 Start for VMT-α-NET
Cash, cash equivalents, and short-term investments were about $237 million as of June 30, 2026, a level the company said should fund planned clinical milestones into late 2027.
BRT Agrees To Buy Bradenton Apartments For About $80 Million
Combined portfolio NOI was $15.2 million in the second quarter, with FFO and AFFO unchanged at $0.29 and $0.36 a share.
AirSculpt Cuts 2026 Adjusted EBITDA Outlook
Adjusted EBITDA was $4.9 million in the second quarter as same-center sales stayed stable and the company lowered its profit range to about $12 million to $14 million.
WEBTOON to Buy RI Games in $100 Million Mixed-Structure Deal
The webcomics platform is building an in-house pipeline to turn hit series into mobile and interactive games.
Teledyne to Buy Varex Imaging in $1.1 Billion All-Cash Deal
The transaction would add complementary X-ray technologies to Teledyne’s portfolio and support faster development of advanced imaging products.
Zymeworks to Buy Theravance Biopharma in $929 Million Cash Deal
The acquisition, structured with a contingent value right tied to ampreloxetine, caps a multiyear strategic review at the COPD-focused biopharmaceutical company.
RUM Group to Acquire Northern Data AG in Strategic AI Infrastructure Deal
The acquisition combines scaled AI compute with a video creator community to establish a new cloud and AI-infrastructure business unit.
Rocket Lab to Buy Iridium in $8 Billion Cash-and-Stock Deal
The acquisition would create a vertically integrated space company spanning launch, satellite manufacturing, spectrum, and on-orbit communications services.
Ryman to Buy Grande Lakes Orlando in $1.38 Billion Asset Deal
The resort would extend Ryman’s luxury-hotel network and deepen its presence in the nation’s top meetings market.
Quantum Computing to Buy NHanced Semiconductors in $73.1 Million Mixed Deal
The acquisition launches QCi's second fabrication facility years ahead of schedule, adding advanced packaging and photonic integration capacity to the company's commercialization roadmap.
Ondas to Buy Cyberhawk in $125 Million Mostly Cash Deal
The acquisition would extend Ondas from autonomous data collection into software-enabled inspection and AI-driven infrastructure intelligence.
Jazz Pharmaceuticals to Buy Actio Biosciences in $820 Million Mixed Deal
The acquisition of ABS-1230 aims to expand Jazz's rare epilepsy portfolio and build upon the success of Epidiolex.
Safe Harbor to Buy MarineMax in $1.5 Billion All-Cash Deal
Blackstone-backed Safe Harbor Marinas agreed to take the yacht retailer and marina operator private at a 96% premium, capping a competitive strategic review of the company's future.
HBT Financial to Buy Tri-County Financial Group in $204.6 Million Deal
The mixed cash-and-stock deal deepens HBT's roots in central Illinois and pushes further into the Chicago metro area, echoing the bank's own acquisition playbook.
California Resources to Buy Crimson Midstream Pipeline Assets for $63 Million
The all-cash deal for Crimson's California pipeline and storage network extends CRC's push to knit its upstream production together with the infrastructure that moves it.
AbbVie to Buy Apogee Therapeutics in $10.9 Billion Cash Deal
AbbVie's all-cash purchase of the clinical-stage biotech adds a late-stage IL-13 antibody and a broader inflammatory-disease pipeline to its immunology franchise as Humira sales continue to erode.
Amneal Completes Acquisition of Kashiv BioSciences
The deal knits Kashiv's biosimilars manufacturing and pipeline into Amneal's commercial network, giving the company a platform aimed at more than $300 billion in biologics set to lose patent protection over the next decade.
Archer Aviation to Acquire Boeing's Wisk Aero, Insitu and SkyGrid Units
The deal folds a $200 million-plus defense revenue stream and autonomy software from three Boeing subsidiaries into Archer's air-taxi platform, betting on physical AI as its next growth leg.
Standard Lithium Increases Capital Contributions to Smackover Projects
The company directed $27.2 million toward projects held by Smackover Lithium during the first half of 2026
Emera Net Income Drops to 124 Million for Second Quarter
The energy and services company reported a net income of 124 million for the three months ended June 30, 2026, compared to 154 million in the prior year
Draganfly reports record second quarter revenue growth
The drone solutions developer saw revenue rise 26.0% to $2,664,237 for the period
Draganfly Net Loss Widens as Financing Boosts Cash Reserves
The company reported a net loss of 17.66 million Canadian dollars for the six months ended June 30, 2026
Woori's Provisions Jump 42% as Profit Falls 15%
Woori Financial Group (WF) booked KRW 1,162,903 million in credit-loss provisions for 2025, up 41.6% from a year earlier, dragging net income attributable to owners down 14.8% to KRW 2,589,646 million even as net interest income and deposits both grew.
UBS Profit Surges 53% as Investment Bank Posts Record Revenue Year
The Swiss lender's full-year net profit reached $7.8 billion as underlying return on CET1 capital climbed to 13.7%, up from 8.7% a year earlier.
Truist Cuts Funding Costs as Full-Year Lending Expands
Deposit interest expense fell 10.2% to $7.05 billion in 2025, supporting higher net interest income.
Shinhan Financial Group Raises Treasury Stock Acquisitions to KRW 1.25 Trillion
The South Korean financial holding company increased treasury stock acquisitions to KRW 1,250,001 million in FY 2025.