AI technology meets on-the-ground expertise from leading organizations across five continents, accessible to billions of consumers in 50+ languages covering 97% of global internet users.
AMSTERDAM, NL / ACCESS Newswire / March 12, 2026 / The Global Anti-Scam Alliance (GASA) launched today Scam.org, an AI-powered platform that provides scam education, prevention, detection, reporting, and victim support in over 50 languages, making it a new global hub, accessible to 97% of the world’s internet users.
Scam.org is powered by partnerships with OpenAI and leading cybersecurity organizations, AnyTech365, CUBE AI,Falkin, Malwarebytes, Netcraft, ReasonLabs, ScamAdviser, Scamnetic, Seraph Secure and Spamhaus. For personal victim support, Scam.org collaborates with other victim support organizations such as AARPin the USA and ANVINT in Brazil. The platform expects more organizations to join, with plans to build an even stronger and broader coalition, creating a world where people are safer from the financial and emotional trauma caused by online scams.
The launch comes just days before the UN Fraud Summit in Vienna, Austria (March 16-17), as scams continue to surge in scale and sophistication worldwide, costing individuals and businesses an estimate of $ 442 billion USD annually (according to the Global State of Scams Report 2025 by GASA). Scam.org brings together AI technology with on-the-ground expertise from trusted organizations across the globe, creating a collaborative defense system where reported scam data strengthens protection for users globally.
Scam.org Unifies Fragmented Response System into Single Global Hub Until now, scam victims have faced a maze of disconnected resources, separate websites for fraud reporting, utilizing different support hotlines, and scattered educational materials. GASA hopes to unify all these efforts into one global hub making it easier for scam victims to report and get help.
Education Providing free learning material and continuous anti-scam education to spot scams.
Verification Instant AI analysis paired with threat intelligence expertise of suspicious messages, websites, calls, or offers to determine legitimacy.
Prevention Immediate access to protective tools and best practices tailored to individual risk profiles.
Reporting Streamlined scam reporting (to be rolled out in the coming months) that will feed into the Global Signal Exchange, enabling faster global disruption of criminal operations
Victim Support Direct online and by connecting victims to verified assistance organizations in the user’s country and language.
Scam.org is dedicated to growing the features and functionality of the platform to ensure continuous consolidation of the entire response cycle into one AI-powered platform.
“We’ve spent years tracking scam trends across continents, and the data is clear: this is getting worse, not better,” said Jorij Abraham, General Manager of the Global Anti-Scam Alliance. “Every report we publish shows rising numbers, new tactics, more victims. As an alliance, we stand for more than just documenting and connecting. Our members and partners are committed to acting, that’s what Scam.org stands for.”
AI Assistant Provides Instant Guidance in 50+ Languages
The platform is optimized for the use of mobile phones in over 50 languages, addressing a critical gap in developing nations where smartphones are the primary means of internet access and where scam victims often have nowhere to turn.
The tool helps users check suspicious messages, websites, calls, or offers in real-time, and directs them to appropriate reporting channels and victim support services in their country and language.
“AI can meaningfully empower people to better protect themselves from scams,” said Jack Stubbs, Lead Scams Investigator at OpenAI. “We already see millions of people use ChatGPT to stay safe from scams. Now, our models will help the Global Anti Scam Alliance and scam.org extend that protection to everyday people around the world.”
The AI assistant serves as a triage system, quickly assessing situations and connecting users to the right resources within the Scam.org network, eliminating the confusion victims often face when seeking help.
Scam.org operates through a coalition of organizations bringing complementary expertise:
Technology Partners: OpenAI provides the AI models powering scam.org
Cybersecurity Partners: AnyTech365, CUBE AI, Falkin, Malwarebytes, Netcraft, ReasonLabs, ScamAdviser, Scamnetic, Seraph Secure, and Spamhaus contribute threat intelligence and scam detection capabilities, feeding real-time data into the system.
Victim Support: ANVINT and Australia Victim Support Alliance connect victims with verified assistance resources and counseling services.
Scam.org is built to serve as a free global resource for anyone affected by scams.
About the Global Anti-Scam Alliance The Global Anti-Scam Alliance (GASA) is an international organization dedicated to protecting consumers worldwide from scams and online fraud. By uniting governments, law enforcement, consumer protection agencies, financial institutions, technology companies, cybersecurity firms, and victim support organizations, GASA works to reduce the global impact of scams worldwide.
BG Staffing Realigns Go-to-Market Strategy to Drive Greater Clarity and Effectiveness
PLANO, TX / ACCESS Newswire / March 11, 2026 / BGSF, Inc. (NYSE:BGSF), a leading provider of workforce solutions for the specialized Property Management industry, today reported financial results for the fourth fiscal quarter and fiscal year ended December 28, 2025.
BGSF is evolving its go-to-market strategy and will do business as BG Staffing, aligning our brand with how the industry already knows and trusts us. While the corporate name remains BGSF, this change capitalizes on the top queries in both AI and traditional web search clients and candidates alike use when seeking property management staffing. Upon completion of the transition services agreement (“TSA”) with INSPYR Solutions in April 2026, the Company will unify its client and candidate-facing go-to-market activities under the BGStaffing.com domain to drive search engine optimization, brand clarity, and marketing effectiveness.
Co-Chief Executive Officer and Chief Financial Officer, Keith Schroeder, said, “Fiscal 2025 marked a transformational year for the Company. After the sale of our Professional division, we returned meaningful capital to shareholders through a $2.00-per-share special dividend and a $5 million share repurchase authorization. Today, we are solely focused as a property management staffing organization that is debt-free with a strong cash position.
“With a disciplined approach to capital allocation and a focus on growth powered by experienced people and AI-enabled automation, we are intentionally streamlining the business as we exit the TSA. While the near-term results may continue to be choppy, we believe these actions position the Company for sustainable, long-term value creation.”
Co-Chief Executive Officer and Property Management President, Kelly Brown, commented, “In 2025, we completed a strategic study that outlined a clear roadmap to enhance the customer experience, accelerate recruiting and fulfillment, and modernize our digital and customer touchpoints. Scaling our human expertise and AI-based tools is delivering a compelling value proposition to our clients centered on speed, talent quality, and service excellence.
“In February 2026, we entered PropTech through our first software partnership with Yardi, the leading property management technology platform. Through the Yardi Independent Consultant Network, we are pairing industry expertise with technology-enabled talent solutions, further strengthening our differentiated multi-family and commercial property staffing offerings. We are intensely focused on investing for growth in 2026, and are encouraged by early trends in PropTech and other initiatives this year.”
Q42025 Highlights from Continuing Operations (results include sequential comparisons to Q3 2025):
Revenues were $22.0 million for Q4, compared to $24.3 million in the prior year quarter and compared to $26.9 million for Q3. The 9.4% decrease from prior year quarter is driven by lower billed hours amid overall cost pressures on property management companies and property owners that we experienced during 2025. The 18.1% decrease from Q3 is primarily driven by decreased billed hours from seasonal demand.
Gross profit was $7.7 million for Q4, compared to $8.7 million in the prior year quarter and compared to $9.7 million in Q3, primarily due to lower sales.
Net loss was $1.3 million, or $0.11 per diluted share for Q4, compared to a net loss of $2.9 million, or $0.27 per diluted share in the prior year quarter, and a net loss of $3.1 million or $0.28 per diluted share in Q3.
Adjusted EBITDA1 loss was $0.9 million (4.3% of revenues) in Q4, compared to loss of $1.6 million (6.7% of revenues) in the prior year quarter and income of $1.0 million (3.6% of revenues) in Q3.
Despite a $1.0 million year over year lower gross profit due to lower sales, our Adjusted EBITDA year over year loss improved due to cost cutting measures implemented during 2025 in selling, general and administrative expenses.
Adjusted EPS1 loss was $0.09 for Q4, compared with Adjusted EPS1 loss of $0.14 in the prior year quarter and Adjusted EPS1 income of $0.08 for Q3.
SUMMARY OF FINANCIAL RESULTS FROM CONTINUING OPERATIONS (dollars in thousands, except per share) (unaudited)
For the Thirteen Week Periods Ended
December 28, 2025
December 29, 2024
September 28, 2025
Revenues
$
22,026
$
24,306
$
26,895
Gross profit
$
7,703
$
8,734
$
9,660
Gross profit percentage
35.0
%
35.9
%
35.9
%
Operating loss
$
(1,768
)
$
(2,130
)
$
(937
)
Net loss
$
(1,264
)
$
(2,941
)
$
(3,078
)
Net loss per diluted share
$
(0.11
)
$
(0.27
)
$
(0.28
)
Non-GAAP Financial Measures:
Adjusted EBITDA1
$
(947
)
$
(1,630
)
$
980
Adjusted EBITDA Margin (% of revenue)1
(4.3)
%
(6.7)
%
3.6
%
Adjusted EPS1
$
(0.09
)
$
(0.14
)
$
0.08
1 Adjusted EBITDA and Adjusted EPS are non-GAAP financial measures as defined and reconciled below.
Conference Call BGSF will discuss its fourth quarter and fiscal year 2025 financial results during a conference call and webcast at 9:00 a.m. ET on March 12, 2026. Interested participants may dial 1-888-506-0062 (Toll Free) or 1-973-528-0011 (International) and enter access code 687081. A replay of the call will be available until March 26, 2026. To access the replay, please dial 1-877-481-4010 (Toll Free), or 1-919-882-2331 (International) and enter access code 53445. The live webcast and archived replay are accessible from the investor relations section of the Company’s website at https://investor.bgsf.com/events-and-presentations/default.aspx
About BGSF BGSF provides best-in-class property management resources and solutions to growing apartment and luxury communities, as well as commercial properties, and was awarded Supplier Company of the Year by the National Apartment Association in recent years. Through its exclusive and semi-exclusive agreements with some of the largest property management companies in North America, BGSF offers differentiated advantages to clients, including trained talent and unique technological platforms that seek to maximize efficiencies in the growing residential and commercial leased property industries. For more information on the Company and its services, please visit its website at www.bgsf.com.
Forward-Looking Statements This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Such forward-looking statements include, but are not limited to, statements regarding BGSF’s expectations, hopes, beliefs, intentions, plans, prospects, or strategies regarding the future revenue and the business plans of BGSF’s management team. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “endeavor,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on certain assumptions and analyses made by the management of BGSF considering their respective experience and perception of historical trends, current conditions, and expected future developments and their potential effects on BGSF as well as other factors they believe are appropriate in the circumstances. There can be no assurance that future developments affecting BGSF will be those anticipated. These forward-looking statements involve a number of risks, uncertainties, or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, including the mix of services or solutions utilized by BGSF’s client partners and such client partners’ needs for these services or solutions, market acceptance of new offerings of services or solutions, the ability of BGSF to expand what it does for existing client partners as well as to add new client partners, whether BGSF will have sufficient capital to operate as anticipated, the impact of the use of AI-powered sales and recruiting technologies and the timing of their availability, the impact of our strategic initiatives and cost reductions, the demand for BGSF’s services and solutions, economic activity in BGSF’s industry and in general, and certain risks, uncertainties, and assumptions described in BGSF’s most recently filed Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q under the heading “Risk Factors.” Should one or more of these risks or uncertainties materialize or should any of the assumptions being made prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. BGSF undertakes no obligation to update or revise any forward-looking statements, whether because of new information, future events, or otherwise, except as may be required under applicable securities laws.
CONTACT: Steven Hooser or Sandy Martin Three Part Advisors ir@BGSF.com 214.872.2710 or 214.616.2207
CONSOLIDATED BALANCE SHEETS (in thousands, except share amounts)
December 28, 2025
December 29, 2024
ASSETS
Current assets
Cash and cash equivalents
$
19,018
$
32
Accounts receivable (net of allowance for credit losses of $1,156 and $910, respectively)
11,898
17,148
Escrow receivable
4,950
–
Prepaid expenses
1,126
1,600
Other current assets
1,458
2,213
Current assets of discontinued operations
–
24,354
Total current assets
38,450
45,347
Property and equipment, net
244
608
Other assets
Deposits
1,938
2,003
Software as a service, net
3,002
4,068
Deferred income taxes, net
9,496
7,849
Right-of-use asset – operating leases, net
630
1,083
Intangible assets, net
3,003
4,385
Goodwill
1,074
1,074
Noncurrent assets of discontinued operations
–
83,694
Total other assets
19,143
104,156
Total assets
$
57,837
$
150,111
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable
$
503
$
80
Accrued payroll and expenses
4,441
4,868
Transition services payable
3,064
–
Long-term debt, current portion (net of debt issuance costs of $0 and $24, respectively)
–
3,801
Accrued interest
–
223
Income taxes payable
76
212
Note payable
449
–
Convertible note
–
4,368
Lease liabilities, current portion
409
544
Severance payable, current portion
392
–
Current liabilities of discontinued operations
–
11,824
Total current liabilities
9,334
25,920
Line of credit (net of debt issuance costs of $0 and $770, respectively)
–
5,625
respectively)
–
32,527
Severance payable, less current portion
100
–
Lease liabilities, less current portion
298
698
Noncurrent liabilities of discontinued operations
–
3,072
Total liabilities
9,732
67,842
Commitments and contingencies
Preferred stock, $0.01 par value per share, 500,000 shares authorized, -0- shares issued and outstanding
–
–
Common stock, $0.01 par value per share; 19,500,000 shares authorized, 11,227,197 and 11,038,623 shares issued and outstanding, respectively
112
110
Additional paid in capital
71,445
70,260
(Accumulated deficit) retained earnings
(21,874
)
11,956
Treasury stock of 355,150 and 3,930 shares, respectively
(1,578
)
(57
)
Total stockholders’ equity
48,105
82,269
Total liabilities and stockholders’ equity
$
57,837
$
150,111
CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share and dividend amounts)
For the Thirteen and Fifty-two weeks ended Week Periods Ended December 28, 2025 and December 29, 2024
Thirteen Weeks Ended
Fifty-two Weeks Ended
2025
2024
2025
2024
Revenues, net
$
22,026
$
24,306
$
93,310
$
104,402
Cost of services
14,323
15,572
59,977
66,033
Gross profit
7,703
8,734
33,333
38,369
Selling, general, and administrative expenses
9,332
10,537
41,136
42,902
Gain on contingent consideration
–
–
(450
)
–
Depreciation and amortization
139
327
1,550
1,334
Operating (loss) income
(1,768
)
(2,130
)
(8,903
)
(5,867
)
Interest income (expense), net
84
(1,493
)
(4,511
)
(4,921
)
Loss before income taxes from continuing operations
(1,684
)
(3,623
)
(13,414
)
(10,788
)
Income tax benefit from continuing operations
420
682
1,881
2,084
Loss from continuing operations
(1,264
)
(2,941
)
(11,533
)
(8,704
)
Income (loss) from discontinued operations:
Income (loss)
728
2,467
4,423
7,080
Loss on sale
(831
)
–
(3,723
)
–
Income tax (expense) benefit
207
(507
)
(597
)
(1,714
)
Net loss
$
(1,160
)
$
(981
)
$
(11,430
)
$
(3,338
)
Net (loss) income per share – basic and diluted:
Net loss from continuing operations
$
(0.11
)
$
(0.27
)
$
(1.05
)
$
(0.80
)
Net income (loss) from discontinued operations:
Income (loss)
0.07
0.22
0.40
0.65
Loss on sale
(0.07
)
–
(0.34
)
–
Income tax (expense) benefit
0.01
(0.05
)
(0.05
)
(0.16
)
Net loss per share – basic and diluted
$
(0.10
)
$
(0.10
)
$
(1.04
)
$
(0.31
)
Weighted average shares outstanding:
Basic and Diluted
11,087
10,943
11,025
10,896
Cash dividends declared per common share
$
–
$
–
$
2.00
$
0.15
PROPERTY MANAGEMENT SEGMENT (dollars in thousands)
Thirteen Weeks Ended
Fifty-two Weeks Ended
December 28, 2025
December 29, 2024
December 28, 2025
December 29, 2024
Contract field talent
$
21,432
$
23,907
$
91,051
$
102,618
Contingent placements
594
399
2,259
1,784
Revenue
22,026
24,306
93,310
104,402
Compensation and related
14,285
15,529
59,826
65,870
Other
38
43
151
163
Gross profit
7,703
8,734
33,333
38,369
Selling:
Compensation
4,397
4,650
16,866
18,936
Advertising, occupancy, and travel
397
392
1,694
1,837
Software, insurance, and professional fees
482
327
1,634
1,275
Other
224
550
2,767
2,583
Contributions to overhead
5,500
5,919
22,961
24,631
General and administrative:
Compensation
1,972
2,368
8,290
9,394
Software
679
942
2,875
2,862
Professional fees
885
777
3,087
2,898
Strategic alternatives review
403
88
2,519
962
Other
(107
)
443
1,404
2,155
Gain on contingent consideration
–
–
(450
)
–
Depreciation and amortization
139
328
1,550
1,334
Operating loss
(1,768
)
(2,131
)
(8,903
)
(5,867
)
Interest income (expense), net
83
(1,493
)
(4,511
)
(4,921
)
Income tax benefit from continuing operations
421
683
1,881
2,084
Net loss from continuing operations
$
(1,264
)
$
(2,941
)
$
(11,533
)
$
(8,704
)
Capital expenditures
$
16
$
154
$
138
$
1,217
Total assets
$
57,837
$
42,063
$
57,837
$
42,063
CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands)
For the Fifty-two Week Periods Ended December 28, 2025 and December 29, 2024
2025
2024
Cash flows from operating activities
Net loss
$
(11,430
)
$
(3,338
)
Net income from discontinued operations
(3,826
)
(5,366
)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation
113
152
Amortization
1,437
1,182
Loss on sale of discontinued operations
3,723
–
Loss on disposal of property and equipment
164
3
Contingent consideration adjustment
(450
)
–
Amortization of debt issuance costs
1,022
425
Interest expense on note payable
136
–
Provision for credit losses
1,857
1,859
Share-based compensation
1,006
908
Deferred income taxes
(1,647
)
378
Net changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable
3,393
8,188
Escrow receivable
(4,950
)
–
Prepaid expenses
563
928
Other current assets
(346
)
794
Deposits
66
593
Software as a service
1,073
669
Accounts payable
423
(14
)
Accrued payroll and expenses
618
(1,716
)
Transaction services payable
3,064
–
Accrued interest
(223
)
(215
)
Income taxes payable
(80
)
103
Severance payable
492
–
Operating leases
(82
)
(85
)
Other long-term liabilities
4,001
13,937
Net cash (used in) provided by continuing operating activities
117
19,385
Net cash provided by discontinued operating activities
25
4,994
Net cash (used in) provided by operating activities
142
24,379
Cash flows from investing activities
Proceeds from business sold
91,528
–
Capital expenditures
(138
)
(1,217
)
Net cash provided by (used in) continuing investing activities
91,390
(1,217
)
Net cash used in discontinued investing activities
(193
)
(423
)
Net cash provided by (used in) investing activities
91,197
(1,640
)
Cash flows from financing activities
Net payments under line of credit
(10,220
)
(18,479
)
Proceeds from issuance of long-term debt
–
4,250
Principal payments on long-term debt
(32,725
)
(1,700
)
Payments of convertible note
(4,368
)
–
Payments of dividends
(22,400
)
(1,639
)
Issuance of ESPP shares
134
459
Issuance of shares under the 2013 Long-Term Incentive Plan
–
262
Note payable paid
(1,237
)
–
Payments of debt issuance costs
(29
)
(1,289
)
Note payable paid
(155
)
–
Repurchase of common stock
(1,521
)
–
Net cash used in continuing financing activities
(72,521
)
(18,136
)
Net cash used in discontinued financing activities
–
(4,250
)
Net cash used in financing activities
(72,521
)
(22,386
)
Net change in cash and cash equivalents, continuing operations
18,818
353
Less: net change in cash and cash equivalents, discontinued operations
(168
)
321
Cash and cash equivalents, beginning of year
32
–
Cash and cash equivalents, end of year
$
19,018
$
32
Supplemental cash flow information:
Cash paid for interest, net – continuing operations
$
3,266
$
4,475
Cash paid for taxes (federal), net of refunds – continuing operations
$
–
$
4
Cash paid for taxes (state), net of refunds
Continuing operations
$
335
$
469
Discontinued operations
$
170
$
212
Total cash paid for taxes (state), net of refunds
$
505
$
685
NON-GAAP FINANCIAL MEASURES
The financial results of BGSF, Inc. are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and the rules of the U.S. Securities and Exchange Commission. To help the readers understand our financial performance, we supplement our GAAP financial results with Adjusted EBITDA and Adjusted EPS.
A non-GAAP financial measure is a numerical measure of a company’s financial performance that excludes or includes amounts so as to be different than the most directly comparable measure calculated and presented in accordance with GAAP in the statement of income, balance sheet or statement of cash flows of a company. Adjusted EBITDA and Adjusted EPS are not measurements of financial performance under GAAP and should not be considered as alternatives to net income, net income per diluted share, operating income, or any other performance measure derived in accordance with GAAP, or as alternatives to cash flow from operating activities or measures of our liquidity. We believe that Adjusted EBITDA and Adjusted EPS are useful performance measures and are used by us to facilitate a comparison of our operating performance on a consistent basis from period-to-period and to provide for a more complete understanding of factors and trends affecting our business than measures under GAAP can provide alone.
We define “Adjusted EBITDA” as earnings before interest expense, income taxes, depreciation and amortization expense, costs associated with the evaluation of potential strategic alternatives (“strategic alternatives review”), software as a service costs, and certain non-cash expenses such as share-based compensation expense, as well as certain specific events that management does not consider in assessing our on-going operating performance.
We define “Adjusted EPS” as diluted earnings per share eliminating interest expense, depreciation,, and amortization expense, the strategic alternatives review, software as a service costs, and certain non-cash expenses such as share-based compensation expense, as well as certain specific events that management does not consider in assessing our on-going operating performance, net of the respective income tax effect.
Reconciliation of Net Loss to Adjusted EBITDA (dollars in thousands)
Thirteen Weeks Ended
Fifty-two Weeks Ended
Thirteen Weeks Ended
December 28, 2025
December 29, 2024
December 28, 2025
December 29, 2024
September 28, 2025
Net loss from continuing operations
$
(1,264
)
$
(2,941
)
$
(11,533
)
$
(8,704
)
$
(3,078
)
Income tax (benefit) expense
(420
)
(682
)
(1,881
)
(2,084
)
571
Interest (income) expense, net
(84
)
1,493
4,511
4,921
1,570
Operating loss
(1,768
)
(2,130
)
(8,903
)
(5,867
)
(937
)
Depreciation and amortization
139
327
1,550
1,334
824
Gain on contingent consideration
–
–
(450
)
–
(450
)
Share-based compensation
156
183
1,006
908
545
Strategic alternatives review
403
88
2,519
962
482
Software as a service1
123
252
1,073
669
516
Transaction fees
–
7
–
48
–
Aged receivable adjustment
–
(357
)
1,070
401
–
Adjusted EBITDA from continuing operations
(947
)
(1,630
)
(2,135
)
(1,545
)
980
Adjusted EBITDA Margin (% of revenue)
(4.3)
%
(6.7)
%
(2.3)
%
(1.5)
%
3.6
%
Loss on sale
(831
)
–
(3,723
)
–
(2,892
)
Income (loss) from discontinued operations
935
1,960
3,826
5,366
963
Adjustments to discontinued operations
1,866
4,969
4,222
8,229
2,073
Adjusted EBITDA from discontinued operations
2,801
6,929
8,048
13,595
3,036
Adjusted EBITDA, net
$
1,023
$
5,299
$
2,190
$
12,050
$
1,124
1 We capitalize direct costs incurred in cloud computing implementation from hosting arrangements, which are reported as a Software as a service and are expensed as incurred in selling, general, and administrative expenses.
Reconciliation of Net Loss EPS to Adjusted EPS
Thirteen Weeks Ended
Fifty-two Weeks Ended
Thirteen Weeks Ended
December 28, 2025
December 29, 2024
December 28, 2025
December 29, 2024
September 28, 2025
Net loss from continuing operations per diluted share
$
(0.11
)
$
(0.27
)
$
(1.05
)
$
(0.80
)
$
(0.28
)
Income tax (benefit) expense
(0.04
)
(0.06
)
(0.17
)
(0.19
)
0.05
Interest (income) expense, net
(0.01
)
0.14
0.41
0.45
0.14
Operating loss
(0.16
)
(0.19
)
(0.81
)
(0.54
)
(0.09
)
Depreciation and amortization
0.01
0.03
0.14
0.12
0.07
Gain on contingent consideration
–
–
(0.04
)
–
(0.04
)
Share-based compensation
0.01
0.02
0.09
0.08
0.05
Strategic alternatives review
0.04
0.01
0.23
0.09
0.04
Software as a service1
0.01
0.02
0.10
0.06
0.05
Aged receivable adjustment
–
(0.03
)
0.10
0.04
–
Adjusted EPS from continuing operations
(0.09
)
(0.14
)
(0.19
)
(0.15
)
0.08
Loss on sale
(0.07
)
–
(0.34
)
–
(0.26
)
Adjusted EPS from discontinued operations
0.25
0.63
0.73
1.25
0.27
Adjusted EPS
$
0.09
$
0.49
$
0.20
$
1.10
$
0.09
1 We capitalize direct costs incurred in cloud computing implementation from hosting arrangements, which are reported as a Software as a service and are expensed as incurred in selling, general, and administrative expenses.
Record full-year operating cash flow of $13.1 million, up 60%
Board authorizes $6 million share repurchase
SILVER SPRING, MD / ACCESS Newswire / March 11, 2026 / CuriosityStream Inc. (Nasdaq:CURI), a global factual entertainment company, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2025. In addition, the Company’s Board of Directors authorized an additional $2 million in share repurchases bringing the total in authorized repurchases to $6 million.
“We are pleased to announce a strong finish to 2025, as we delivered on our promise of double-digit growth in both revenue and cash flow,” said Clint Stinchcomb, President & CEO. “These gains reflect the strength of our complementary revenue pillars-licensing driven by high volume structured video fulfillments for AI model training and subscription sturdiness from existing and new partnerships, with both amplified by cost discipline that expanded gross margins. Our team made great progress in 2025 and laid the groundwork for what we believe will be the greatest year in company history by virtually all metrics.
Fourth Quarter 2025 Financial Results
Revenue of $19.2 million, a 36% increase from $14.1 million in the fourth quarter of 2024;
Record quarterly gross profit of $11.6 million or 61% gross margin, compared to $7.4 million or 52% gross margin in the fourth quarter of 2024;
Net loss of $3.8 million, inclusive of $4.3 million of non-cash stock-based compensation, compared to net loss of $2.8 million, inclusive of $1.8 million in non-cash stock-based compensation, in the fourth quarter of 2024;
Adjusted EBITDA1 of $1.1 million, compared to an Adjusted EBITDA loss of $1.9 million in the fourth quarter of 2024;
Net cash provided by operating activities of $4.0 million, compared to $3.0 million in the fourth quarter of 2024;
Adjusted Free Cash Flow1 of $4.3 million, an improvement of $1.0 million compared to the fourth quarter of 2024; and
Cash, restricted cash and held-to-maturity securities balance of $27.3 million and no debt as of December 31, 2025.
Full Year 2025 Financial Results
Revenue of $71.7 million, a 40% increase from $51.1 million in 2024;
Record annual gross profit of $40.5 million or 57% gross margin, compared to $25.8 million or 50% gross margin in 2024;
Net loss of $6.4 million, inclusive of $14.4 million of non-cash stock-based compensation, compared to net loss of $12.9 million, inclusive of $6.6 million in stock-based compensation, in 2024;
Adjusted EBITDA1 of $8.2 million, compared to an Adjusted EBITDA loss of $6.0 million in 2024.
Net cash provided by operating activities of $13.1 million, compared to $8.2 million in 2024; and
Adjusted Free Cash Flow1 of $13.9 million, a 46% increase from $9.5 million in 2024.
Full Year 2025 Business Highlights
Secured rights to an additional ~2 million hours of video and audio data across a wide range of genres, including feature film, scripted narrative, documentary, science, history, nature, technology, food, culture, economics, biography, lifestyle, reality, automotive, travel, fitness, dance, fashion and a wide range of sports and gaming content including adventure, extreme, team, mind and combat sports;
Licensed several million short-form clips and long-form programs for both AI training and traditional media distribution; Completed 18 distinct AI training fulfillments in a broad and diverse range of categories including factual, scripted film and TV series, sports, foreign scripted and unscripted and raw footage.
Licensed a slate of individual traditional programs and series to both new and returning traditional media partners, including public broadcasters, pay-TV partners, and academic distributors, across the US, Europe, Asia, and Latin America.
Strengthened core offerings in science, history, nature and tech with additional premieres including Cleopatra: The Mystery of the Mummified Hand; FAST: The Celestial Eye; and Mysteries of the Bayeux Tapestry. Premiered multiple brand-defining originals including season two of Deadly Science,and one-hour specials Economics Explained: The Rise and Fall of the USA? and Breakthrough: Asteroid Impact;
New and expanded multiyear wholesale distribution agreements in Asia and the Americas;
New Curiosity service launches across North and Latin America including Curiosity University as a premium subscription on The Roku Channel; New service launches across Europe, including Curiosity University’s launch on Amazon Prime in the UK, the Netherlands, Finland and Sweden;
Expanded partnership with Samsung TV Plus, Samsung’s free, ad-supported streaming TV service, with the launch of Curiosity Now in Spain;
New FAST channel agreements in 12 countries: Launched and distributed three new US Hispanic FAST channels: Curiosity Explora, Curiosity Motores, and Curiosity Animales, adding to our existing roster of Curiosity Now, Curiosity Animals, Curiosity History, Curiosity University, and Catholic History Channel;
Grew Curiosity University partner subscribers by over 50%; and
Launched payment options in sixteen new currencies, including the Chinese Yuan, Russian Ruble, Thai Baht, and Israeli New Shekel, bringing our total payment options to 42 currencies.
Financial Outlook
CuriosityStream expects the following for the first half of 2026:
Revenue within the range of $38 – $42 million.
Adjusted Free Cash Flow1 within the range of $6 – $9 million.
1 See Non-GAAP Financial Measures below.
Conference Call Information
CuriosityStream will host a Q&A conference call today to discuss the Company’s fourth quarter and full year 2025 results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). A live audio webcast of the call will be available on the CuriosityStream Investor Relations website at https://investors.curiositystream.com. Participants may also dial-in toll free at (877) 407-9716 or International at (201) 493-6779 and reference conference ID# 13758750. An audio replay of the conference call will be available for two weeks following the call on the CuriosityStream Investor Relations website at https://investors.curiositystream.com.
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, CuriosityStream’s expectations or predictions of future financial or business performance or conditions, plans to pay regular dividends, consumers’ valuation of factual content, and the Company’s continued success. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “predicts” or “intends” or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed under “Risk Factors” in CuriosityStream’s Annual Report on Form 10-K for the year ended December 31, 2025, that we expect to file with the Securities and Exchange Commission (the “SEC”) on or about March 12, 2026, and in CuriosityStream’s other SEC filings. These risk factors are important to consider in determining future results and should be reviewed in their entirety.
Forward-looking statements are based on the current belief of the management of CuriosityStream, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and CuriosityStream is not under any obligation, and expressly disclaims any obligation to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports that CuriosityStream has filed or will file from time to time with the SEC.
In addition to factors previously disclosed in CuriosityStream’s reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (i) risks related to CuriosityStream’s ability to maintain and develop new and existing revenue-generating relationships and partnerships or to significantly increase CuriosityStream’s subscriber base and retain customers; (ii) the effects of pending and future legislation; (iii) risks of the internet, online commerce and media industry; (iv) the highly competitive nature of the internet, online commerce and media industry and CuriosityStream’s ability to compete therein; (v) litigation, complaints, and/or adverse publicity; and (vi) privacy and data protection laws, privacy or data breaches, or the loss of data.
Non-GAAP Financial Measures
To supplement our unaudited consolidated statement of operations, which is prepared in accordance with GAAP, we present Adjusted EBITDA and Adjusted Free Cash Flow in this press release. Our use of non-GAAP financial measures, such as Adjusted EBITDA and Adjusted Free Cash Flow, has limitations as an analytical tool, and these measures should not be considered in isolation or as a substitute for analysis of financial results as reported under GAAP.
The Company is not able to provide expectations of net cash generated from operating activities, the closest comparable GAAP measure to Adjusted Free Cash Flow (a non-GAAP measure), on a forward-looking basis. The Company is unable to predict without unreasonable costs and efforts the ultimate amounts of certain cash receipts and outlays because, in part, such items may have not yet occurred, are out of the Company’s control and/or cannot be reasonably predicted. These items are further described in the reconciliation tables and related descriptions below. Further, these items are uncertain, depend on various factors and could be material to the Company’s results computed in accordance with U.S. GAAP.
We use these non-GAAP financial measures in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including in the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance. These measures provide consistency and comparability with past financial performance, facilitate period-to-period comparisons of core operating results, and also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. In addition, Adjusted EBITDA and Adjusted Free Cash Flow are widely used by investors and securities analysts to measure a company’s operating performance. We exclude the following items from net income to calculate Adjusted EBITDA: interest and other income (expense), provision for income taxes, depreciation and non-content amortization, loss/(gain) on the change in fair value of our warrants, equity interests loss (gain), impairment of goodwill, intangible assets and content assets, restructuring charges and stock-based compensation. Adjusted Free Cash Flow is calculated as net cash flow used in operating activities less purchases of property and equipment, restructuring charges and nonrecurring license fees.
Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. In particular, (1) although depreciation and amortization expense are non-cash charges, the assets subject to depreciation and amortization may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; (2) Adjusted EBITDA does not reflect: (a) changes in, or cash requirements for, our working capital needs; or (b) tax payments that may represent a reduction in cash available to us; and (3) Adjusted Free Cash Flow does not reflect: (a) our cash flow available for discretionary payments; (b) our future contractual commitments (such as any debt service requirements or dividend payments); (c) funds available for investment or other discretionary uses; (d) certain capital expenditure requirements; or (e) the total increase or decrease in our cash balances for the stated period. The non-GAAP financial measures we use may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes. We compensate for these limitations by providing specific information regarding the GAAP items excluded from these non-GAAP financial measures. A reconciliation of these non-GAAP financial measures has been provided in the financial statements tables included in this press release and investors are encouraged to review the reconciliation.
About CuriosityStream Inc.
CuriosityStream Inc. (Nasdaq: CURI) is the entertainment brand for people who want to know more. The global media company is home to award-winning original and curated factual films, shows, and series covering science, nature, history, technology, society, and lifestyle. CuriosityStream is also a leader in high-integrity AI video model training and data licensing, extending the reach and value of its premium library. With millions of subscribers worldwide and thousands of titles, the company operates the flagship Curiosity Stream SVOD service, available in more than 175 countries worldwide; Curiosity Channel, the linear television channel available via global distribution partners; Curiosity University, featuring talks from the best professors at the world’s most renowned universities as well as courses, short and long-form videos, and podcasts; Curiosity Now, Curiosity History, Curiosity Animals, Curiosity Explora, and other free, ad-supported channels; Curiosity Audio Network, with original content and podcasts; and Curiosity Studios, which oversees original programming. For more information, visit CuriosityStream.com.
Short-term investments in debt and other securities
8,966
24,236
Accounts receivable, net
8,893
6,103
Other current assets
1,198
1,228
Total current assets
37,435
39,518
Investments in debt securities
–
7,463
Investments in equity method investees
3,668
3,848
Property and equipment, net
404
520
Content assets, net
31,000
31,511
Operating lease right-of-use assets
2,763
3,065
Other assets
461
257
Total assets
$
75,731
$
86,182
Liabilities and stockholders’ equity
Current liabilities
Content liabilities
$
362
$
282
Accounts payable
9,449
5,608
Accrued expenses and other liabilities
12,094
7,003
Deferred revenue
8,409
10,970
Total current liabilities
30,314
23,863
Warrant liability
–
88
Non-current operating lease liabilities
3,460
3,887
Other liabilities
470
496
Total liabilities
34,244
28,334
Commitments and contingencies (Note 13)
Stockholders’ equity
Common stock, $0.0001 par value – 125,000 shares authorized as of December 31, 2025, and December 31, 2024; 58,950 shares and 56,814 shares issued as of December 31, 2025 and December 31, 2024, respectively, including 216 treasury shares; 58,734 shares and 56,598 shares outstanding as of December 31, 2025 and December 31, 2024, respectively.
5
5
Treasury stock
(251
)
(251
)
Additional paid-in capital
377,577
366,508
Accumulated deficit
(335,844
)
(308,414
)
Total stockholders’ equity
41,487
57,848
Total liabilities and stockholders’ equity
$
75,731
$
86,182
CuriosityStream Inc. Consolidated Statements of Operations (Unaudited)
Year Ended December 31,
(in thousands, except per share data)
2025
2024
Revenues
$
71,658
$
51,134
Operating expenses
Cost of revenues
31,113
25,363
Advertising and marketing
14,028
14,434
General and administrative
33,821
24,670
Total operating expenses
78,962
64,467
Operating loss
(7,304
)
(13,333
)
Change in fair value of warrant liability
88
(44
)
Interest and other income, net
983
3,074
Equity method investment loss
(180
)
(2,506
)
Loss before income taxes
(6,413
)
(12,809
)
Provision for income taxes
14
132
Net loss
$
(6,427
)
$
(12,941
)
Net loss per share
Basic
$
(0.11
)
$
(0.24
)
Diluted
$
(0.11
)
$
(0.24
)
Weighted average number of common shares outstanding
Basic
57,664
54,480
Diluted
57,664
54,480
CuriosityStream Inc. Consolidated Statements of Cash Flows (Unaudited)
Year Ended December 31,
2025
2024
Cash flows from operating activities
Net loss
$
(6,427
)
$
(12,941
)
Adjustments to reconcile net loss to net cash provided by operating activities
Change in fair value of warrant liability
(88
)
44
Additions to content assets
(13,944
)
(5,698
)
Change in content liabilities
80
(125
)
Amortization of content assets
14,511
19,130
Depreciation and amortization expenses
164
339
Amortization of premiums and accretion of discounts associated with investments in debt securities, net
(517
)
(294
)
Stock-based compensation
14,366
6,568
Equity method investment loss
180
2,506
Other non-cash items
468
430
Changes in operating assets and liabilities
Accounts receivable
(2,790
)
(1,343
)
Other assets
(194
)
1,131
Accounts payable
3,795
843
Accrued expenses and other liabilities
6,070
1,383
Deferred revenue
(2,617
)
(3,822
)
Net cash provided by operating activities
13,057
8,151
Cash flows from investing activities
Purchases of property and equipment
(102
)
–
Sales of investments in debt securities
5,001
–
Maturities of investments in debt securities
30,550
7,200
Purchases of investments in debt securities
(12,301
)
(38,605
)
Net cash provided by (used in) investing activities
23,148
(31,405
)
Cash flows from financing activities
Repurchases of common stock
–
(251
)
Dividends paid
(22,010
)
(4,063
)
Payments related to tax withholding
(3,768
)
(2,696
)
Net cash used in financing activities
(25,778
)
(7,010
)
Net increase (decrease) in cash, cash equivalents and restricted cash
10,427
(30,264
)
Cash, cash equivalents and restricted cash, beginning of period
7,951
38,215
Cash, cash equivalents and restricted cash, end of period
$
18,378
$
7,951
Supplemental non-cash investing and financing activities:
Acquisition of equity investment included in accrued liabilities
$
178
$
–
Supplemental disclosure:
Cash paid for operating leases
$
570
$
510
CuriosityStream Inc. Reconciliation from Net Loss to Adjusted EBITDA
Three Months Ended December 31,
Year Ended December 31,
(In thousands)
2025
2024
2025
2024
Net Income (loss)
$
(3,786
)
$
(2,813
)
$
(6,427
)
$
(12,941
)
Change in fair value of warrant liability
–
(22
)
(88
)
44
Interest and other (income) expense
157
(1,372
)
(983
)
(3,074
)
Provision for (benefit from) Income taxes
308
(2
)
14
132
Equity method investment (income) loss
(51
)
331
180
2,506
Depreciation and amortization1
42
54
164
339
Restructuring2
–
25
36
243
Other nonrecurring
144
28
962
141
Stock-based compensation
4,312
1,834
14,366
6,568
Adjusted EBITDA
$
1,126
$
(1,937
)
$
8,224
$
(6,042
)
1 Amounts do not include amortization of content assets. 2 Consists primarily of severance and workforce optimization expenses resulting from a 2024 reduction in force.
CuriosityStream Inc. Reconciliation from Net Cash Flow used in Operating Activities to Adjusted Free Cash Flow
Three Months Ended December 31,
Year Ended December 31,
(In thousands)
2025
2024
2025
2024
Net cash flow provided by operating activities
$
3,969
$
3,035
$
13,057
$
8,151
Purchases of property and equipment
(25
)
–
(102
)
–
Restructuring payments1
–
31
59
854
Other nonrecurring payments2
368
221
852
502
Adjusted Free Cash Flow
$
4,312
$
3,287
$
13,866
$
9,507
1 Consists primarily of severance and workforce optimization payments resulting from 2023 to 2024 reductions in force. 2 Consists primarily of payments related to license fees and risk mitigation efforts.
SIOUX FALLS, SD / ACCESS Newswire / March 11, 2026 / Avel eCare, the nation’s leading Virtual Health System, today announced a new partnership with Seven Corners Healthcare to expand access to care, strengthen continuity of care, and drive strategic growth through innovative healthcare collaboration.
Seven Corners Healthcare provides comprehensive healthcare management and support services, specializing in care coordination, case management, and global healthcare solutions. Their focus on delivering high quality, patient centered services aligns closely with Avel eCare’s mission to ensure patients receive expert care wherever they live, work, or travel.
Through this partnership, Avel will extend its Virtual Health System model to support Seven Corners Healthcare’s clinical initiatives, helping ensure patients experience seamless transitions across the care continuum. Together, the organizations will focus on three primary pillars:
Access to Care
Patients often face barriers to timely care due to geography, staffing shortages, or limited specialist availability. Avel’s team of board-certified physicians, nurses, and behavioral health specialists will provide immediate virtual access to clinical expertise, reducing delays and improving outcomes.
Continuity of Care
Healthcare does not begin and end in a single setting. Avel’s integrated approach connects emergency, inpatient, post-acute, and specialty services into one coordinated system. By partnering with Seven Corners Healthcare, patients will benefit from smoother handoffs, enhanced communication between care teams, and improved follow through across every stage of treatment.
Growth in Strategic Partnerships
Both organizations are committed to building scalable, sustainable healthcare models. By combining Seven Corners Healthcare’s expertise in healthcare management with Avel’s 30 plus years of telemedicine leadership, the partnership creates new opportunities to expand services, strengthen provider networks, and support communities with reliable, high quality care solutions.
“Avel eCare was built to transform how healthcare is delivered,” said Doug Duskin, CEO of Avel eCare. “By partnering with Seven Corners Healthcare, we are expanding our ability to meet patients where they are while supporting healthcare professionals with the expertise and stability they need.”
“Seven Corners Healthcare is focused on delivering coordinated, patient-centered care,” said Melisa Franklin, VP of Healthcare at Seven Corners, Inc. “Partnering with Avel allows us to enhance access to specialists, strengthen continuity, and bring innovative virtual solutions to the populations we serve.”
As a Joint Commission accredited organization with services spanning emergency medicine, ICU, behavioral health, hospitalist care, senior care, school health, EMS, and more, Avel eCare continues to pioneer virtual healthcare delivery across the United States.
Together, Avel eCare and Seven Corners Healthcare are advancing a shared vision: healthcare that is accessible, connected, and built to support patients and providers alike.
Founded in 1993 as the nation’s first virtual hospital, Avel eCare provides virtual emergency, EMS, critical care, pharmacy, clinic, senior care, and behavioral health services to healthcare partners across the U.S. The organization specializes in expanding access, improving outcomes, and supporting care delivery in rural and underserved communities.
About Seven Corners Healthcare
Seven Corners Healthcare is a trusted healthcare services organization dedicated to expanding access to quality care for underserved populations nationwide. Through strategic partnerships with leading medical providers and vendors, we streamline operations, reduce costs, and remove barriers to care. As a service-driven care delivery partner and benefits administrator, we deliver solutions that improve outcomes and strengthen communities.
Contact:
Jessica Gaikowski, Director of Marketing & Communications media@avelecare.com| 605.606.0150
Liquid-Cooled Desktop System Runs Models up to 120B Parameters Locally With a Fully Open-Source Stack, Starting at $9,999
SANTA CLARA, CA / ACCESS Newswire / March 11, 2026 / Tenstorrent, the AI computing company led by CEO Jim Keller, today announced TT-QuietBox™ 2 (Blackhole™). This whisper-quiet, liquid-cooled AI workstation runs models up to 120 billion parameters directly at your desk, ships with an entirely open-source software stack from compiler to kernel, and starts at $9,999. It marks the industry’s first desktop AI workstation built on RISC-V architecture to deliver teraflop-class inference.
The Inference Imperative
The timing matters. Inference has quietly overtaken training as the dominant AI workload, now accounting for more than 55% of cloud AI infrastructure spending at $37.5 billion – and it is still accelerating. Yet, developers running these workloads face a stark choice: pay per-token cloud fees that compound as usage scales, or buy hardware locked to proprietary stacks they cannot inspect, modify, or truly own.
QuietBox 2 is built around a different proposition: Developers doing the actual work of AI should be able to see, control, and own every layer of their compute – from silicon architecture to the compiler. It is ideal for developers and small to medium business deployments requiring on prem deployment without the racks.
“Tenstorrent is working hard on open source AI software and we wanted to build a teraflop development system that was easy to use in a lab or office, fast and quiet. It’s open top to bottom including the mechanical engineering. Build your own software or hardware. You can own your AI future,” said Jim Keller, CEO of Tenstorrent.
Real Workloads Out of the Box
QuietBox 2 ships ready for quick deployment. It excels across diverse AI domains:
LLMs & Coding: GPT-OSS 120B runs entirely on-device – a full 120-billion-parameter model operating privately at your desk. Llama 3.1 70B runs at 476.5 tokens per second. Qwen3-32B deploys as a private coding agent, reasoning through entire codebases without cloud token limits.
Creative & Multimodal: Flux handles image generation and Wan 2.2 handles video synthesis entirely locally, ensuring creative IP remains off third-party servers.
Scientific Research: Boltz-2, a biomolecular ML model, predicts the structure of a 686-amino-acid protein in just 49 seconds on a single Blackhole processor – a task that takes a modern CPU 45 minutes. This matches the performance of flagship workstation GPUs at a fraction of the cost. QuietBox 2 can predict four protein structures in parallel, yielding 4x higher throughput.
For models not on the pre-installed list, TT-Forge – Tenstorrent’s open-source AI compiler – can run models from PyTorch, ONNX, TensorFlow, JAX, and PaddlePaddle directly to the hardware. If it runs on a standard framework, it can run on QuietBox 2.
Silicon Innovation Without Memory + Networking Bottlenecks
Four Blackhole ASICs work as a unified mesh inside a single desk-friendly enclosure. The system features 480 Tensix cores delivering 2,654 TFLOPS at BlockFP8 precision, backed by 128 GB of GDDR6 high-speed memory and 256 GB of DDR5 system memory.
This architecture integrates compute and high-density SRAM on a single die. This dataflow approach moves tensors efficiently through on-chip memory, completely sidestepping the DRAM bottlenecks that limit sustained throughput on conventional hardware. By utilizing GDDR6 and on-chip SRAM, QuietBox 2 entirely avoids the High-Bandwidth Memory (HBM) supply shortages currently driving price hikes across the rest of the AI hardware market.
The system runs on Ubuntu 24.04, plugs into a standard 120V wall outlet, and requires no rack, specialized electrical work, or server room.
Open Source at Every Layer
Every layer of QuietBox 2’s software is open source. This is not just an open API on a black box; it is full stack visibility.
TT-Forge gives developers total visibility into graph lowering, transformation, optimization, and execution.
TT-Metalium, the low-level AI SDK, provides kernel-level control with deterministic execution.
TT-LLK handles low-level kernel software.
Developers can see exactly what happens at every stage of their pipeline, debug at the hardware level, fork any component, and modify the stack to fit their exact workload. For sovereign AI deployments, regulated industries, and research institutions that must guarantee how their infrastructure handles data, this transparency is not just a feature – it is the core architecture.
A Fun Developer Experience
QuietBox 2 represents a ground-up redesign focused on developer velocity and environmental efficiency. The system ships fully pre-configured with Ubuntu 24.04, the complete open-source software stack, and TT-Studio, enabling quick deployment right out of the box.
Engineering advancements have reduced idle power consumption and heat output by approximately 50% compared to previous generations. Coupled with significantly expanded documentation and developer tooling, the new liquid-cooled chassis is engineered specifically for quiet, sustained, heavy-workload operation directly on a desk.
For small and medium businesses, the same plug-and-play simplicity translates to on-premises AI deployment without dedicated server rooms, specialized electrical work, or IT overhead – inference capacity that previously required a rack, delivered in a desktop form factor.
The system will be demonstrated live at the Game Developers Conference (GDC) 2026, March 11-13, at Tenstorrent’s booth #1354. To schedule a press meeting at GDC, contact Salient PR at the address below.
About Tenstorrent
Tenstorrent is an AI compute company. Led by CEO Jim Keller – architect of AMD Zen, Apple A4/A5, and Tesla’s Full Self-Driving chip – the company builds RISC-V-based AI processors and systems for developers, enterprises, and sovereign infrastructure worldwide. Backed by Bezos Expeditions, Samsung, LG Electronics, Hyundai Motor Group, Fidelity, and others, Tenstorrent has raised over $1 billion and operates from Santa Clara, Austin, Toronto, Belgrade, Tokyo, Bangalore, Singapore, and Seoul. Learn more at tenstorrent.com.
Conference call expected to provide additional details on the Company’s path to cash-flow positivity and key operational milestones.
WEST SENECA, NY / ACCESS Newswire / March 11, 2026 / Worksport Ltd. (NASDAQ:WKSP) (“Worksport” or the “Company”), a U.S.-based innovator and manufacturer of hybrid and clean energy solutions primarily for the light truck, overlanding, and global consumer goods markets, today announced that it will release its financial results for the fourth quarter and full year ended December 31, 2025, on Thursday, March 26, 2026, after market close.
Worksport’s management will host a conference call and live webcast at 4:30 PM ET to discuss the Company’s financial performance, operational progress, and outlook. During the call, management is expected to provide updated financial guidance and additional details on the Company’s roadmap toward achieving cash-flow positive operations, along with commentary on key strategic initiatives and product developments.
Webcast Registration
Investors, analysts, and members of the media are invited to register in advance for the live webcast. During the call, Worksport’s leadership will provide insights into the Company’s recent financial results, updated outlook, and strategic initiatives supporting its continued growth.
Format: Live webcast with management discussion and Q&A
Participants in the webcast will gain insights into Worksport’s operational progress, product development roadmap, updated financial outlook, and the Company’s strategy for advancing toward cash-flow positive operations.
Stay tuned for more information and join our mailing list to stay up to date with the latest: Join Worksport’s Newsletter
Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport’s hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the electric vehicle (EV) sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and Cold-Climate Heat Pump (CCHP) technology. Terravis Energy’s website is terravisenergy.com.
The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company. Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission (SEC”) filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media. The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media.
Forward-Looking Statements
The information contained herein may contain “forward‐looking statements.” Forward‐looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “scheduled,” “expect,” “future,” “intend,” “plan,” “project,” “envisioned,” “should,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial situation may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the SEC, including, without limitation, our latest Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.
New fintech platform converts refunds, trade-ins, and incentives into instant digital value, aligning with the global shift toward mobile-first, closed-loop spending.
GRAPEVINE, TX / ACCESS Newswire / March 11, 2026 / Basatne, a global leader in sustainable trade solutions and reverse logistics, today announced the launch of ORBT, a next-generation digital payouts platform designed to modernize how brands issue refunds, trade-in credits, and incentives.
As consumer behavior shifts rapidly toward mobile-first, instant digital experiences, traditional cash-based refund systems are increasingly misaligned with market expectations. Once funds are returned to a customer’s bank account, value exits the brand ecosystem entirely – limiting retention and breaking the circular flow of demand.
ORBT addresses this inefficiency by converting payouts into digital value, including credits, gift cards, and digital wallets. This closed-loop model keeps spending within a defined network of partner brands, strengthening retention, increasing engagement, and creating measurable ecosystem value.
Global market data underscores the shift:
75% of millennials prefer digital gift cards
77% of consumers value immediate delivery of digital rewards
66% of digital gift cards are purchased for self-use
43% of open-loop gift card users purchase monthly or more frequently
52% of businesses use gift cards in employee benefit programs
These trends signal that digital value is no longer a niche incentive tool and is becoming a mainstream payment and engagement mechanism.
Built on Basatne’s proprietary infrastructure, ORBT integrates directly with enterprise systems to enable instant digital refunds, trade-in credits, loyalty rewards, and employee incentives at the point of approval. Digital value issued through ORBT can be redeemed across more than 4,000 regional and global retail partners, offering consumer flexibility while preserving ecosystem control for brands.
“In circular economies, value should not exit the system as cash,” said Ammar Aboulnasr, CEO of Basatne. “ORBT embeds fintech directly into circular workflows – transforming refunds and trade-ins into digital value that is instant, traceable, and redeemable across partner networks. This improves customer experience and retention while aligning financial flows with ESG and circularity objectives.”
The global reverse trade, buyback, and returns market represents hundreds of billions of dollars annually, and much of it is still processed through traditional cash refund systems. ORBT positions Basatne to digitize and retain a significant portion of this value within structured ecosystems worldwide. Designed for scale, ORBT supports use cases across e-commerce, telecom, fintech, logistics, hospitality, and HR.
With ORBT, Basatne continues expanding its global digital infrastructure, transforming payouts from a cost center into a strategic lever for efficiency, retention, and circular value creation.
About Basatne
Founded with a vision to transform global trade, Basatne evolved from a family-run business into an international leader in sustainable commerce, reverse logistics, and circular fintech infrastructure. Today, the company serves businesses and consumers across six continents, supporting the future of re-commerce, digital trade, and financial ecosystems.
In an environment of geopolitical volatility and supply chain uncertainty, SMX’s digital infrastructure is transforming physical materials into authenticated, blockchain-ready assets with measurable economic value.
NEW YORK CITY, NY / ACCESS Newswire / March 11, 2026 / As global markets confront rising geopolitical tensions, fragmented trade routes, and renewed uncertainty across financial systems, the next evolution of digital assets is rapidly taking shape: tokenized commodities backed by verifiable physical materials.
SMX (Security Matters) PLC (NASDAQ:SMX) is helping lead that transformation.
Through its proprietary molecular marking technology and integrated digital infrastructure, SMX enables materials themselves to carry a unique, verifiable identity-allowing commodities to be authenticated, tracked, digitized, and ultimately tokenized on blockchain platforms.
The result is a powerful new bridge between the physical and digital economies.
At a time when markets are demanding greater transparency, security, and proof of origin across global supply chains, SMX’s technology allows physical commodities to be converted into trusted digital assets supported by immutable data.
Unlike traditional blockchain systems that rely on manual inputs or unverifiable reporting, SMX embeds invisible molecular markers directly into materials such as plastics, textiles, rubber, metals, and other industrial commodities. These markers create a permanent, forensic-level identity for each material.
Every movement of that material through the supply chain-from production to reuse, recycling, resale, or recovery-can be authenticated and digitized.
That verified data can then be recorded on blockchain infrastructure, enabling the creation of digital assets backed by authenticated physical commodities.
In other words, SMX transforms real-world materials into digitally verifiable assets that can participate in emerging blockchain-based markets.
This capability becomes particularly powerful in today’s volatile global environment.
As governments impose sanctions, trade routes shift, and industries face increasing scrutiny over sourcing, sustainability claims, and regulatory compliance, the need for indisputable proof of origin and material authenticity has become critical.
SMX’s digital architecture provides exactly that.
By combining molecular-level verification with blockchain-ready data infrastructure, the company enables supply chains to generate authenticated digital records tied directly to physical commodities.
This opens the door to an entirely new class of tokenized real-world assets.
One example is SMX’s Plastic Cycle Token (PCT), which converts verified recycled plastic into a digital asset backed by authenticated material flows within the circular economy.
Each token represents measurable, verified recycled plastic tracked through SMX’s molecular identification system. The tokens can be used to represent sustainability achievements, support regulatory compliance, or participate in emerging digital commodity markets.
But the potential extends far beyond plastics.
The same technology can be applied across multiple sectors where verification, traceability, and proof of origin are becoming mission-critical – including energy commodities, precious metals, industrial materials, textiles, and advanced manufacturing supply chains.
In each case, SMX’s platform enables a material to generate authenticated digital data that can be recorded, audited, and monetized within blockchain ecosystems.
As global markets increasingly explore the tokenization of real-world assets – a sector many analysts believe could represent trillions of dollars in future digital markets – the ability to verify those assets at the material level may become essential.
Without trusted real-world verification, tokenized assets risk becoming another layer of speculation.
SMX’s technology solves that problem by anchoring digital assets in provable physical reality.
The company’s molecular markers establish the physical identity of a material, while its digital platform converts that verification into blockchain-ready data capable of supporting tokenization, trading, compliance, and reporting.
In doing so, SMX is building the infrastructure required for the next generation of blockchain-enabled commodity markets.
In a world where trust in supply chains is under pressure and markets are demanding real proof behind digital assets, SMX’s technology introduces a new standard: materials that carry their own digital identity-and the ability to unlock new economic value across global blockchain ecosystems.
About SMX (Security Matters) PLC
SMX (NASDAQ: SMX) is a technology company pioneering molecular marking, digital material identity, and blockchain-enabled traceability across global supply chains. By embedding invisible markers into physical materials and converting authenticated events into digital infrastructure, SMX enables materials and commodities to be verified, tracked, tokenized, and integrated into emerging blockchain and digital asset markets.
Liquid-Cooled Desktop System Runs Models up to 120B Parameters Locally With a Fully Open-Source Stack, Starting at $9,999
SANTA CLARA, CA / ACCESS Newswire / March 11, 2026 / Tenstorrent, the AI computing company led by CEO Jim Keller, today announced TT-QuietBox™ 2 (Blackhole™). This whisper-quiet, liquid-cooled AI workstation runs models up to 120 billion parameters directly at your desk, ships with an entirely open-source software stack from compiler to kernel, and starts at $9,999. It marks the industry’s first desktop AI workstation built on RISC-V architecture to deliver teraflop-class inference.
The Inference Imperative
The timing matters. Inference has quietly overtaken training as the dominant AI workload, now accounting for more than 55% of cloud AI infrastructure spending at $37.5 billion – and it is still accelerating. Yet, developers running these workloads face a stark choice: pay per-token cloud fees that compound as usage scales, or buy hardware locked to proprietary stacks they cannot inspect, modify, or truly own.
QuietBox 2 is built around a different proposition: Developers doing the actual work of AI should be able to see, control, and own every layer of their compute – from silicon architecture to the compiler. It is ideal for developers and small to medium business deployments requiring on prem deployment without the racks.
“Tenstorrent is working hard on open source AI software and we wanted to build a teraflop development system that was easy to use in a lab or office, fast and quiet. It’s open top to bottom including the mechanical engineering. Build your own software or hardware. You can own your AI future,” said Jim Keller, CEO of Tenstorrent.
Real Workloads Out of the Box
QuietBox 2 ships ready for quick deployment. It excels across diverse AI domains:
LLMs & Coding: GPT-OSS 120B runs entirely on-device – a full 120-billion-parameter model operating privately at your desk. Llama 3.1 70B runs at 476.5 tokens per second. Qwen3-32B deploys as a private coding agent, reasoning through entire codebases without cloud token limits.
Creative & Multimodal: Flux handles image generation and Wan 2.2 handles video synthesis entirely locally, ensuring creative IP remains off third-party servers.
Scientific Research: Boltz-2, a biomolecular ML model, predicts the structure of a 686-amino-acid protein in just 49 seconds on a single Blackhole processor – a task that takes a modern CPU 45 minutes. This matches the performance of flagship workstation GPUs at a fraction of the cost. QuietBox 2 can predict four protein structures in parallel, yielding 4x higher throughput.
For models not on the pre-installed list, TT-Forge – Tenstorrent’s open-source AI compiler – can run models from PyTorch, ONNX, TensorFlow, JAX, and PaddlePaddle directly to the hardware. If it runs on a standard framework, it can run on QuietBox 2.
Silicon Innovation Without Memory + Networking Bottlenecks
Four Blackhole ASICs work as a unified mesh inside a single desk-friendly enclosure. The system features 480 Tensix cores delivering 2,654 TFLOPS at BlockFP8 precision, backed by 128 GB of GDDR6 high-speed memory and 256 GB of DDR5 system memory.
This architecture integrates compute and high-density SRAM on a single die. This dataflow approach moves tensors efficiently through on-chip memory, completely sidestepping the DRAM bottlenecks that limit sustained throughput on conventional hardware. By utilizing GDDR6 and on-chip SRAM, QuietBox 2 entirely avoids the High-Bandwidth Memory (HBM) supply shortages currently driving price hikes across the rest of the AI hardware market.
The system runs on Ubuntu 24.04, plugs into a standard 120V wall outlet, and requires no rack, specialized electrical work, or server room.
Open Source at Every Layer
Every layer of QuietBox 2’s software is open source. This is not just an open API on a black box; it is full stack visibility.
TT-Forge gives developers total visibility into graph lowering, transformation, optimization, and execution.
TT-Metalium, the low-level AI SDK, provides kernel-level control with deterministic execution.
TT-LLK handles low-level kernel software.
Developers can see exactly what happens at every stage of their pipeline, debug at the hardware level, fork any component, and modify the stack to fit their exact workload. For sovereign AI deployments, regulated industries, and research institutions that must guarantee how their infrastructure handles data, this transparency is not just a feature – it is the core architecture.
A Fun Developer Experience
QuietBox 2 represents a ground-up redesign focused on developer velocity and environmental efficiency. The system ships fully pre-configured with Ubuntu 24.04, the complete open-source software stack, and TT-Studio, enabling quick deployment right out of the box.
Engineering advancements have reduced idle power consumption and heat output by approximately 50% compared to previous generations. Coupled with significantly expanded documentation and developer tooling, the new liquid-cooled chassis is engineered specifically for quiet, sustained, heavy-workload operation directly on a desk.
For small and medium businesses, the same plug-and-play simplicity translates to on-premises AI deployment without dedicated server rooms, specialized electrical work, or IT overhead – inference capacity that previously required a rack, delivered in a desktop form factor.
The system will be demonstrated live at the Game Developers Conference (GDC) 2026, March 11-13, at Tenstorrent’s booth #1354. To schedule a press meeting at GDC, contact Salient PR at the address below.
About Tenstorrent
Tenstorrent is an AI compute company. Led by CEO Jim Keller – architect of AMD Zen, Apple A4/A5, and Tesla’s Full Self-Driving chip – the company builds RISC-V-based AI processors and systems for developers, enterprises, and sovereign infrastructure worldwide. Backed by Bezos Expeditions, Samsung, LG Electronics, Hyundai Motor Group, Fidelity, and others, Tenstorrent has raised over $1 billion and operates from Santa Clara, Austin, Toronto, Belgrade, Tokyo, Bangalore, Singapore, and Seoul. Learn more at tenstorrent.com.
TEMPE, AZ / ACCESS Newswire / March 11, 2026 / Hemisphere GNSS, a brand of CNH (NYSE:CNH), together with Calian Group Ltd. (TSX:CGY), proudly announce the release of the new A65 GNSS (global navigation satellite system) antenna, a jointly developed, next generation solution engineered to deliver exceptional accuracy, superior interference protection, and robust GNSS tracking performance. Created through a close collaboration between Hemisphere GNSS and Calian, the A65 is designed as a direct, drop-in replacement for the widely deployed A45 antenna, offering users a seamless upgrade path to the latest precision technology.
“We are proud to partner with Calian to bring the A65 GNSS antenna to market,” said Miles Ware, Director of Product Management at Hemisphere GNSS. “This program represents a true team effort, combining Calian’s world‑class antenna engineering with our commitment to delivering reliable, high‑performance positioning solutions to our customers.”
The collaboration reflects a shared focus on combining advanced radio frequency (RF) design with real‑world application insight to address increasingly complex GNSS operating environments, with both teams working closely from the earliest stages of development to meet demanding original equipment manufacturer (OEM) performance requirements.
“The A65 demonstrates the value of pairing Hemisphere’s application expertise with Calian’s advanced GNSS engineering,” said Ken MacLeod, Director of Product Management at Calian. “Our XF Filtering® technology and next‑generation antenna architecture enable OEMs like Hemisphere to deliver exceptional performance in some of the world’s most challenging RF environments.”
A Collaborative Design Driven by Industry Leaders
The A65 was developed through a joint effort between Hemisphere GNSS and Calian, leveraging the strengths of both organizations. The antenna architecture itself, including the stacked patch quad feed element and RF front end, was engineered by Calian. Hemisphere GNSS contributed application expertise, system integration requirements, and performance validation within real world machine control, agriculture, marine, and survey environments.
The result is a precision antenna that delivers:
Outstanding multipath suppression
Highly consistent phase center variation
Accurate tracking across GPS (L1/L2/L5), Galileo (E1/E5/E6), BeiDou (B1/B2/B3), GLONASS (G1/G2/G3), NavIC L5, QZSS, and L-band correction services
Lower power consumption and broad voltage compatibility
Together, Hemisphere and Calian ensured the A65 meets demanding field requirements while exceeding the performance benchmarks of the A45.
Calian XF Filtering® for Industry Leading Interference Rejection
A major advancement of the A65 is the integration of Calian’s XF Filtering®, incorporated through the Hemisphere-Calian engineering partnership. This next-generation interference mitigation system rejects out-of-band energy at the antenna level, significantly improving signal quality in RF-challenging environments.
Calian XF Filtering® provides protection against:
4G / 5G cellular transmissions
Ligado and adjacent band interference sources
Broadband marine and aviation systems
Industrial and urban RF noise
By combining Calian’s advanced filtering technology with Hemisphere GNSS’s application-level expertise, the A65 delivers cleaner signals, improved reliability, and more stable performance in harsh real-world environments.
A Seamless Drop-in Replacement for the A45
Building on the legacy of the trusted A45 antenna, the A65 provides:
Same mechanical footprint
Same connector location and mounting configuration
Rugged, weather resistant design
Yet the collaboration between Hemisphere GNSS and Calian elevates performance through:
Expanded GNSS band support
Integrated Calian XF Filtering®
Improved noise figure and reduced power draw
Enhanced shock, vibration, and environmental durability
Customers can upgrade immediately with no system redesign required.
Engineered for Rugged Field Use
Validated through Hemisphere GNSS field testing and Calian engineering qualification, the A65 includes:
IP69K environmental protection
High impact LEXAN™ radome and robust metallic base
Low noise amplifier (LNA) with high gain (2.5 dB NF, 28-30 dB gain)
15 kV electrostatic discharge (ESD) protection
-40°C to +85°C operating range
This ensures long-term performance across agriculture, survey, machine control, marine, and fixed-reference installations.
Availability
The A65 GNSS antenna is available now through Hemisphere GNSS. OEM module versions based on the same Calian engineered design are also offered for integrators requiring embedded solutions.
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About Hemisphere GNSS
Hemisphere GNSS delivers innovative satellite positioning technologies to precision agriculture, marine, survey, and machine control markets. Through strong partnerships and a focus on high performance solutions, Hemisphere continues to advance reliable, accurate GNSS positioning for professional users worldwide. Hemisphere is a subsidiary of CNH Industrial (NYSE:CNH), a world-class equipment, technology and services company specializing in Agriculture and Construction. www.hemispheregnss.com
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About Calian’s GNSS Solutions
For over 40 years, Calian has delivered mission-critical solutions when failure is not an option. Trusted worldwide, we empower organizations in critical industries to overcome obstacles, manage risks and drive progress. By combining the expertise of our people, proven industry insight, cutting-edge technology, bold innovation and global reach, we deliver tailored solutions that solve complex challenges. Headquartered in Ottawa, Canada, with over 6,000 people around the world, Calian’s solutions protect lives, strengthen security, foster global connectivity and drive economic progress, making a lasting impact where and when it matters most. www.calian.com
