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Optex Systems Announces $2.0 Million Order for Laser Filter Units and Window Assemblies
The Massachusetts Technology Collaborative and its CEO Carolyn Kirk, Gloucester’s former mayor, have been ranked among the top 100 women-led businesses in Massachusetts for 2024. The Women’s Edge and the Boston Globe named MassTech and Kirk No. 72 on its 2024 Top 100 Women-Led Business in Massachusetts ranking. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Ethan Forman may be contacted at 978-675-2714, or at eforman@northofboston.com . {{description}} Email notifications are only sent once a day, and only if there are new matching items.
PHILADELPHIA, PA — Governor Josh Shapiro this week signed Executive Order 2024-04 , establishing the Pennsylvania Permit Fast Track Program, a first-of-its-kind initiative designed to expedite the permitting process for major economic development and infrastructure projects. By streamlining project approvals, increasing government transparency, and fostering interagency collaboration, the program aims to make Pennsylvania more competitive as a destination for businesses seeking to invest and grow. The PA Permit Fast Track Program, overseen by the Office of Transformation & Opportunity (OTO), focuses on fast-tracking permits for high-impact projects without compromising the rigorous standards normally applied in the review process. It builds upon the Shapiro Administration’s ongoing efforts to modernize permitting, licensing, and certification systems across the Commonwealth. With this new structure in place, Pennsylvania aims to demonstrate that government can operate effectively at the speed of business while driving economic development and job creation. The Fast Track Program is aimed at coordinating activities for complex projects that are central to Governor Shapiro’s Economic Development Strategy. Eligible projects include large-scale efforts in infrastructure and economic innovation that require assistance navigating the permitting process across multiple state agencies. This involves scheduling interagency meetings, managing timelines, addressing project milestones, and promoting accountability through a publicly accessible online dashboard. The program draws inspiration from the Federal Permitting Improvement Steering Council’s FAST-41 Program and features a similar transparent dashboard, which allows stakeholders to track the progress of permits, view timelines, and monitor feedback from agencies and project sponsors alike. By fostering open communication and accountability, the program aims to reduce costly delays and instill confidence in project sponsors. “When I became Governor, I promised to make state government work efficiently and effectively for Pennsylvanians, breaking down barriers and creating real opportunity for the good people of our Commonwealth,” said Governor Shapiro. “By streamlining permitting processes and focusing on results, we’re not just creating jobs and driving economic growth — we’re getting stuff done for the people of Pennsylvania and putting points on the board. The PA Permit Fast Track Program is a game-changer that enhances coordination and communication between the project sponsor and state agencies to cut through red tape, streamline critical projects, and give businesses the confidence to invest and create jobs here in Pennsylvania.” The PA Permit Fast Track Program was piloted earlier this year with three ambitious projects. One of the projects, the Bellwether District in Philadelphia, served as the backdrop for the signing of Executive Order 2024-04. This 1,300-acre logistics and innovation campus is currently undergoing significant redevelopment, including environmental remediation at the site of the former Philadelphia Energy Solutions refinery. Upon completion, the Bellwether District is anticipated to create 19,000 direct permanent jobs and establish itself as a centerpiece of economic revitalization in the Philadelphia area. Roberto Perez, CEO of the HRP Group, developer for the Bellwether District, highlighted the significance of the partnership between business and government. “Transforming a site of this scale and creating thousands of new jobs requires business, government, labor, and institutions to work together — along with a little imagination and a lot of grit. I firmly believe that together, we will show that in the Commonwealth of Pennsylvania, we can innovate and accomplish big things,” Perez remarked. Two other pilot projects showcase the program’s versatility. Project Hazelnut in Luzerne County is set to develop a 1,300-acre technology campus, which will feature state-of-the-art server rooms, power distribution infrastructure, and connectivity solutions. Additionally, Blair County’s Martinsburg Community Digester project will involve the installation of an anaerobic digester to convert manure from local dairy farms into biogas, aligning agricultural innovation with environmental sustainability. State officials and private-sector leaders alike emphasized the importance of the program in fostering Pennsylvania’s competitive edge. Ben Kirshner, Chief Transformation Officer for OTO, underscored this objective, stating, “Governor Shapiro knows that to win the competition to attract and retain companies and jobs, we need a government that moves at the speed of business. That’s why he made responsive government a core goal of his economic development strategy. The PA Permit Fast Track program is in line with the Governor’s vision and gives us a new tool to deliver coordination, accountability, and transparency for permitting big, complex projects here in the Commonwealth, increasing Pennsylvania’s competitiveness.” Brian Stahl, Vice President of Development at NorthPoint Development, praised the collaborative framework that Fast Track enables. “This Executive Order strengthens the critical partnership between economic development projects and permitting agencies, fostering a streamlined, transparent, and effective process. This collaboration accelerates investments, creates meaningful jobs, generates vital tax revenue, and further strengthens the economy for all Pennsylvanians,” Stahl said. Chamber of Commerce for Greater Philadelphia President and CEO Chellie Cameron echoed this sentiment, noting that the program offers businesses the predictability they need to make sound decisions. “When business leaders can rely on accurate forecasting, they can confidently pursue opportunities that create jobs and drive greater economic growth for Pennsylvania and the Greater Philadelphia region,” Cameron explained. The program not only benefits businesses and project sponsors but also supports workers and local economies by expediting projects that promise high-quality job creation. Ryan Boyer, Business Manager of the Philadelphia Building and Construction Trades Council, lauded the Governor’s efforts to ensure Pennsylvania remains a top choice for large-scale investments. “Governor Shapiro knows that to create jobs and put the men and women of the Philadelphia building trades to work, we must make Pennsylvania a place where businesses want to invest. Meaningful permitting reform is long overdue, and Governor Shapiro is making it a reality—building on his track record of moving government at the speed of business and supporting an economy that provides good, family-sustaining jobs here in the Philadelphia region and beyond.” With the establishment of the PA Permit Fast Track Program, Pennsylvania becomes the first state to implement a project-based permitting initiative of this scale. The program’s focus on efficiency, transparency, and collaboration demonstrates the Shapiro Administration’s commitment to removing bureaucratic obstacles and fostering an economic environment where businesses, workers, and communities can flourish. By delivering results through innovation and proactive governance, the initiative lays the groundwork for a stronger, more dynamic Commonwealth prepared to compete on a national and global scale. For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN .Tom Brady reportedly helped Michigan land 5-star QB Bryce Underwood
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EAST TENNESSEE STATE 79, AUSTIN PEAY 57
GRAPEVINE, Texas, Dec. 10, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today released financial results for the third quarter ended November 2, 2024. The Company’s condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company’s Form 10-Q and supplemental information can be found at https://investor.gamestop.com. THIRD QUARTER OVERVIEW Net sales were $0.860 billion for the period, compared to $1.078 billion in the prior year's third quarter. Selling, general and administrative (“SG&A”) expenses were $282.0 million for the period, compared to $296.5 million in the prior year's third quarter. Net income was $17.4 million for the period, compared to a net loss of $3.1 million for the prior year’s third quarter. Cash, cash equivalents and marketable securities were $4.616 billion at the close of the quarter. During the quarter, the Company completed its previously disclosed "at-the-market" equity offering program pursuant to the prospectus supplement filed with the SEC on September 6, 2024 by selling 20.0 million shares of its common stock for aggregate gross proceeds of approximately $400.0 million (before commissions and offering expenses). The Company does not anticipate any further at-the-market offerings involving the offer and sale of its common stock during the current fiscal year. The Company will not be holding a conference call today. Additional information can be found in the Company’s Form 10-Q. NON-GAAP MEASURES AND OTHER METRICS As a supplement to the Company’s financial results presented in accordance with U.S. generally accepted accounting principles (“GAAP”), GameStop may use certain non-GAAP measures, such as adjusted SG&A expenses, adjusted operating loss, adjusted net income (loss), adjusted earnings (loss) per share, adjusted EBITDA and free cash flow. The Company believes these non-GAAP financial measures provide useful information to investors in evaluating the Company’s core operating performance. Adjusted SG&A expenses, adjusted operating loss, adjusted net income (loss), adjusted earnings (loss) per share and adjusted EBITDA exclude the effect of items such as certain transformation costs, asset impairments, severance, as well as divestiture costs. Free cash flow excludes capital expenditures otherwise included in net cash flows provided by (used in) operating activities. The Company’s definition and calculation of non-GAAP financial measures may differ from that of other companies. Non-GAAP financial measures should be viewed as supplementing, and not as an alternative or substitute for, the Company’s financial results prepared in accordance with GAAP. Certain of the items that may be excluded or included in non-GAAP financial measures may be significant items that could impact the Company’s financial position, results of operations or cash flows and should therefore be considered in assessing the Company’s actual and future financial condition and performance. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS - SAFE HARBOR This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon management’s current beliefs, views, estimates and expectations, including as to the Company’s industry, business strategy, goals and expectations concerning its market position, strategic and transformation initiatives, future operations, margins, profitability, sales growth, capital expenditures, liquidity, capital resources, expansion of technology expertise, and other financial and operating information, including expectations as to future operating profit improvement. Forward-looking statements are subject to significant risks and uncertainties and actual developments, business decisions, outcomes and results may differ materially from those reflected or described in the forward-looking statements. The following factors, among others, could cause actual developments, business decisions, outcomes and results to differ materially from those reflected or described in the forward-looking statements: economic, social, and political conditions in the markets in which we operate; the competitive nature of the Company’s industry; the cyclicality of the video game industry; the Company’s dependence on the timely delivery of new and innovative products from its vendors; the impact of technological advances in the video game industry and related changes in consumer behavior on the Company’s sales; interruptions to the Company’s supply chain or the supply chain of our suppliers; the Company’s dependence on sales during the holiday selling season; the Company’s ability to obtain favorable terms from its current and future suppliers and service providers; the Company’s ability to anticipate, identify and react to trends in pop culture with regard to its sales of collectibles; the Company’s ability to maintain strong retail and ecommerce experiences for its customers; the Company’s ability to keep pace with changing industry technology and consumer preferences; the Company’s ability to manage its profitability and cost reduction initiatives; turnover in senior management or the Company’s ability to attract and retain qualified personnel; potential damage to the Company’s reputation or customers' perception of the Company; the Company’s ability to maintain the security or privacy of its customer, associate or Company information; occurrence of weather events, natural disasters, public health crises and other unexpected events; risks associated with inventory shrinkage; potential failure or inadequacy of the Company's computerized systems; the ability of the Company’s third party delivery services to deliver products to the Company’s retail locations, fulfillment centers and consumers and changes in the terms the Company has with such service providers; the ability and willingness of the Company’s vendors to provide marketing and merchandising support at historical or anticipated levels; restrictions on the Company’s ability to purchase and sell pre-owned products; the Company’s ability to renew or enter into new leases on favorable terms; unfavorable changes in the Company’s global tax rate; legislative actions; the Company’s ability to comply with federal, state, local and international laws and regulations and statutes; potential future litigation and other legal proceedings; the value of the Company’s securities holdings; concentration of the Company’s investment portfolio into one or few holdings; the recognition of losses in a particular security even if the Company has not sold the security; volatility in the Company’s stock price, including volatility due to potential short squeezes; continued high degrees of media coverage by third parties; the availability and future sales of substantial amounts of the Company’s Class A common stock; fluctuations in the Company’s results of operations from quarter to quarter; the Company’s ability to incur additional debt; risks associated with the Company’s investment in marketable, nonmarketable and interest-bearing securities, including the impact of such investments on the Company’s financial results; and the Company’s ability to maintain effective control over financial reporting. Additional factors that could cause results to differ materially from those reflected or described in the forward-looking statements can be found in GameStop's most recent Annual Report on Form 10-K and other filings made from time to time with the SEC and available at www.sec.gov or on the Company’s investor relations website (https://investor.gamestop.com). Forward-looking statements contained in this press release speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. GameStop Corp. Schedule II (in millions, except per share data) (unaudited) Non-GAAP results The following tables reconcile the Company's selling, general and administrative expenses (“SG&A expense”), operating loss, net income (loss) and net income (loss) per share as presented in its unaudited consolidated statements of operations and prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) to its adjusted SG&A expense, adjusted operating loss, adjusted net income (loss), adjusted EBITDA and adjusted net income (loss) per share. The diluted weighted-average shares outstanding used to calculate adjusted earnings per share may differ from GAAP weighted-average shares outstanding. Under GAAP, basic and diluted weighted-average shares outstanding are the same in periods where there is a net loss. The reconciliations below are from continuing operations only. GameStop Corp. Schedule III (in millions) (unaudited) Non-GAAP results The following table reconciles the Company's cash flows provided by (used in) operating activities as presented in its unaudited Consolidated Statements of Cash Flows and prepared in accordance with GAAP to its free cash flow. Free cash flow is considered a non-GAAP financial measure. Management believes, however, that free cash flow, which measures our ability to generate additional cash from our business operations, is an important financial measure for use by investors in evaluating the company’s financial performance. Non-GAAP Measures and Other Metrics Adjusted EBITDA, adjusted SG&A expense, adjusted operating loss, adjusted net income (loss) and adjusted net income (loss) per share are supplemental financial measures of the Company’s performance that are not required by, or presented in accordance with, GAAP. We believe that the presentation of these non-GAAP financial measures provide useful information to investors in assessing our financial condition and results of operations. We define adjusted EBITDA as net income (loss) before income taxes, plus interest income, net and depreciation and amortization, excluding stock-based compensation, certain transformation costs, business divestitures, asset impairments, severance and other non-cash charges. Net income (loss) is the GAAP financial measure most directly comparable to adjusted EBITDA. Our non-GAAP financial measures should not be considered as an alternative to the most directly comparable GAAP financial measure. Furthermore, non-GAAP financial measures have limitations as an analytical tool because they exclude some but not all items that affect the most directly comparable GAAP financial measures. Some of these limitations include: certain items excluded from adjusted EBITDA are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital and tax structure; adjusted EBITDA does not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments; adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and adjusted EBITDA does not reflect any cash requirements for such replacements; and our computations of adjusted EBITDA may not be comparable to other similarly titled measures of other companies. We compensate for the limitations of adjusted EBITDA, adjusted SG&A expense, adjusted operating loss, adjusted net income (loss) and adjusted net income (loss) per share as analytical tools by reviewing the comparable GAAP financial measure, understanding the differences between the GAAP and non-GAAP financial measures and incorporating these data points into our decision-making process. Adjusted EBITDA, adjusted SG&A expense, adjusted operating loss, adjusted net income (loss) and adjusted net income (loss) per share are provided in addition to, and not as an alternative to, the Company’s financial results prepared in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Because adjusted EBITDA, adjusted SG&A expense, adjusted operating loss, adjusted net income (loss) and adjusted net income (loss) per share may be defined and determined differently by other companies in our industry, our definitions of these non-GAAP financial measures may not be comparable to similarly titled measures of other companies, thereby diminishing their utility. Contact GameStop Investor Relations 817-424-2001 ir@gamestop.comEyes of the energy world on Australian vanadium battery tech
ASUNCION, Paraguay (AP) — Gaston Martirena and Adrian Martinez scored first-half goals as Argentina's Racing won its first Copa Sudamericana championship by beating Brazil's Cruzeiro 3-1 in the final on Saturday. Read this article for free: Already have an account? To continue reading, please subscribe: * ASUNCION, Paraguay (AP) — Gaston Martirena and Adrian Martinez scored first-half goals as Argentina's Racing won its first Copa Sudamericana championship by beating Brazil's Cruzeiro 3-1 in the final on Saturday. Read unlimited articles for free today: Already have an account? ASUNCION, Paraguay (AP) — Gaston Martirena and Adrian Martinez scored first-half goals as Argentina’s Racing won its first Copa Sudamericana championship by beating Brazil’s Cruzeiro 3-1 in the final on Saturday. Martirena opened the scoring in the 15th minute and Martinez added a goal five minutes later to give “La Academia” its first international title since 1988 when it won the Supercopa Sudamericana. “Maravilla” Martinez scored 10 goals in 13 matches and finished as the top scorer in the competition. Roger Martinez sealed the victory with a goal in the 90th. Kaio Jorge scored in the 52nd for Cruzeiro. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. ___ AP soccer: https://apnews.com/hub/soccer Advertisement
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Assad exit puts US at perilous crossroads in SyriaSenators begin filing bills for Florida’s 2025 legislative session
Harris campaign chiefs give pathetic excuses for blowing $1 billion to lose electionCHEYENNE – The Wyoming Game and Fish Department is seeking instream flow water rights for segments of Dry Medicine Lodge Creek and North and South Beaver creeks in Bighorn County. All segments are entirely on public lands in the Cody Region. The proposed water rights are important to maintaining populations of Yellowstone cutthroat trout in their native range. Instream flow water rights are one of the tools Game and Fish utilizes to protect fish habitat and essential river functions. The rights ensure water keeps flowing in streams for fisheries while protecting existing water users. “Water is the most important part of fish habitat. Maintaining adequate amounts of water in streams year-round is critical for maintaining and improving the long-term health of fish populations,” said Del Lobb, instream flow biologist with Game and Fish, in a news release. Game and Fish conducted instream flow investigations on the three creeks in 2011 to determine flows needed to maintain existing Yellowstone cutthroat trout populations. The proposed water rights would protect flows in eight miles of the streams. Information about the proposed instream flow segments can be viewed on the Game and Fish website . The three stream segments are within the Yellowstone cutthroat trout’s native range. Habitat changes and non-native species have restricted this species to about 25% of its native range in Wyoming. “Securing the water rights means the streams will continue to provide critical habitat for spawning, passage and year-round survival of this species,” Lobb said. “Protecting stream flows in these headwater streams will help conserve the remaining Wyoming populations of this species.” Securing instream flow water rights on these and other streams has additional benefits. “Instream flow rights also help Wyoming’s tourism industry, which largely depends on flowing streams that provide angling and boating opportunities and enhance sight-seeing, hiking, hunting and camping,” Lobb said. Game and Fish prepared three applications for the instream flow water rights. The Wyoming Water Development Office, the official applicant for the State of Wyoming, submitted the applications to the Wyoming State Engineer’s office and conducted a hydrologic feasibility study. Information about the applications can be viewed on the Wyoming Water Development Office’s website . If the water rights are approved by the State Engineer, these stream segments will add to the 123 instream flow segments already secured for fish in Wyoming. Currently 512 miles — of the more than 25,000 miles of streams with fisheries in Wyoming — have permitted or adjudicated instream flow water rights for sport fisheries and native fish conservation. Get any of our free email newsletters — news headlines, sports, arts & entertainment, state legislature, CFD news, and more.
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Assad exit puts US at perilous crossroads in Syria
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