China’s Capital Market to Open Up More and More, CSRC Vice Chair Says
By
Media News
3 min read • Published November 14, 2025
By
Media News
3 min read • Published November 14, 2025
SHANGHAI, CHINA / ACCESS Newswire / November 14, 2025 / The Chinese capital market will become more and more open to the outside world, as the China Securities Regulatory Commission will steadily expand high-level institutional opening-up to create a favorable investment environment for international investors, according to the watchdog’s vice chairman.
The CSRC will continue to promote the opening up of the Chinese capital market in terms of marketization, rule of law, and internationalization, Li Ming said at the 2025 Shanghai Stock Exchange Global Investors Conference on November 12.
The CSRC will improve the qualified foreign investor system, steadily and prudently expand the interconnection mechanisms between onshore and offshore stock markets, accelerate the construction of world-class stock exchanges, enrich cross-border investment products, and promote the inclusion of more futures and options varieties in the scope of the opening-up, Li noted.
Moreover, the CSRC will enhance the convenience for foreign institutions to participate in the Chinese capital market, strengthen the construction of regulatory and risk prevention capacity in the open environment, deepen cross-border regulatory and law enforcement work, and effectively protect the legitimate rights and interests of all investors, he added.
"China’s economy is at a critical stage in a new round of technological revolution and industrial transformation," Qiu Yong, chairman of the SSE, said at the conference. "We sincerely invite global investors to pay active attention to and continuously invest in Chinese assets."
Foreign capital is actively investing in China’s advanced manufacturing, biomedicine, and other advantageous industries and paying more and more attention to investment opportunities in the country, according to Qian Jing, chief executive officer of Morgan Stanley Securities China.
China has become one of the most important markets in Temasek’s international investment portfolio, said Wu Yibing, chairman of Temasek China. As a long-term investor, Temasek has always kept an eye on the structural transformation process and policy orientation of the Chinese economy, he added.
"We will continue to build a resilient and forward-looking investment portfolio in China by investing long-term, patient, and value capital, and focus on opportunities that are in line with investment trends," Wu pointed out.
"Mergers and acquisitions and reorganizations have brought new investment opportunities to international investors," said Wang Bo, vice general manager of the SSE, adding that technology companies listed on the SSE’s Star Market will become a golden track for sharing the dividends of China’s technological innovation with international investors.
Foreign investors can proactively invest in traditional Chinese mainland-listed firms focused on transformation to seize the opportunities brought by their future revaluation, Wang noted.
Overseas investors can also invest in industry leaders at the early stage of industrial integration, obtaining long-term stable investment returns through the continuous enhancement of their core competitiveness, he added.
Chinese stocks are cheap and attractive enough, said Wong Kok Hoi, founder, chairman, and chief strategy officer of APS Asset Management, adding that he remains bullish on the Chinese capital market.
China’s economic development and technological progress will be driven by manufacturing, innovation, and talent, he predicted.
About Yicai Global
Launched in August 2016, Yicai Global is the English-language news service of Yicai Media Group, the financial news arm of Shanghai Media Group, which is one of China’s largest state-owned media conglomerates. Focused primarily on China’s business world, Yicai Global is dedicated to provide reliable and insightful information and analysis of the economy, finance, tech, startups, and entrepreneurs.
New Federal Filings Ask Whether Key SEC, Treasury, and DOJ Documents Omitted From PROMESA Hearings Could Have Influenced the 2016 Congressional Vote
By
Media News
2 min read • Published November 14, 2025
By
Media News
2 min read • Published November 14, 2025
Whistleblower urges reporters and policymakers to examine public RICO filings citing HR 1049’s findings and a Treasury-SEC memo questioning the 2013 PREPA bond issuance.
MURRIETA, CALIFORNIA / ACCESS Newswire / November 14, 2025 / Federal whistleblower Richard R. Lawless has submitted new filings highlighting federal documents that do not appear to have been referenced during the 2016 PROMESA hearings, despite containing substantial risk information relevant to Puerto Rico’s financial collapse. These materials, incorporated into a public set of civil RICO allegations now available on the PROMESA Title III docket, raise significant questions for policymakers, investors, and financial analysts.
Central to the filings are two key documents:
1. HR 1049 (2015 House Natural Resources Committee Report) The report – an official congressional document – described Puerto Rico’s electric utility finances citing refinancing cycles, distressed revenue structures, and internal financial warnings that predated PROMESA.
2. A 22-Page Treasury-SEC Email from 2013 Authored within the Treasury Department and shared with the SEC, the communication raised internal concerns that the 2013 PREPA bond issuance may not have fully reflected known risk factors. These included uncollectible receivables, revenue instability, and questions regarding the clarity of the offering materials. The 2013 bond issue later defaulted within approximately two years.
A Key Question Raised in the Filings
"If federal agencies possessed these documents prior to the PROMESA hearings, why were they not presented-and would the PROMESA vote have proceeded as it did if they had been?"
Lawless emphasized that the filings do not assert conclusions but call for independent examination by oversight bodies. "Given the scale of the documents now in the public domain, I strongly encourage reporters, policymakers, and analysts to review the docketed RICO materials themselves," Lawless said. "Every referenced document is publicly accessible."
Potential Impact Identified by Analysts
Analysts reviewing the filings note that:
HR 1049’s language does not appear in public PROMESA hearing transcripts;
The Treasury-SEC memo does not appear in the legislative record;
Both documents contain information that rating agencies, insurers, and institutional investors may have considered material;
Access to these documents could have influenced congressional debate and legislative outcomes.
Invitation for Review
The full RICO filings – including exhibits, timelines, and referenced federal documents – are available on the public docket. Lawless stated that transparency and independent verification are essential given the legislative importance of PROMESA and the scale of the financial losses involved.
No federal agency referenced in the filings has issued public comment on the historical handling of these documents.
Newsmax Announces Third Quarter 2025 Financial Results
By
Media News
10 min read • Published November 13, 2025
By
Media News
10 min read • Published November 13, 2025
Company Reports Revenues of $45.3 million, a 4.0% Year-Over-Year Increase, Outpacing Election-Year Comparison
Broadcast Revenues Increase to $36.6 Million, a 10.1% Increase Year-Over-Year
Newsmax Remains the Fourth Highest-Rated Cable News Channel With Over 28 Million Quarterly Viewers
BOCA RATON, FL / ACCESS Newswire / November 13, 2025 / Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") today announced its financial results for the third quarter ended September 30, 2025.
Management Commentary
"We are pleased to announce another strong quarter that shows the power and consistency of our business, even in a non-election year when news audiences and advertising demand across the industry typically soften," said Christopher Ruddy, Chief Executive Officer of Newsmax. "Our performance this quarter reflects the strength of our diversified revenue model, the growing reach of our cable and FAST channels and the continued engagement of audiences across all of our platforms."
Ruddy continued, "Since going public, we have focused on building a company positioned for sustainable, long-term growth. Our strong balance sheet and access to the public markets give us the flexibility to invest strategically, expand our distribution and continue delivering compelling content that resonates with viewers. We remain focused on sustainable, long-term growth and on delivering consistent value for our shareholders."
Third Quarter 2025 Business and Operational Highlights
Newsmax has significantly expanded its distribution reach through multiple strategic initiatives including:
Secured distribution agreement with a leading hospitality provider, making Newsmax available in 900+ hotels and 300,000 hotel rooms nationwide.
Partnered with Curb to bring Newsmax programming to the Taxi TV platform, reaching over 15,000 screens across 65 U.S. markets generating 2.3 billion annual impressions.
Achieved major international expansion through partnership with Trump Media & Technology Group, making Newsmax available globally on Truth+ streaming platform across multiple devices and connected TV apps.
Extended multi-year carriage partnership with Fubo, launching Newsmax en Español on Fubo’s Latino plan and Latino Plus add-on package.
Expanded international news coverage with Carl Higbie broadcasting live from Israel, providing comprehensive coverage and exclusive interviews including with Israeli Prime Minister Benjamin Netanyahu.
Implemented strategic cryptocurrency purchase plan of up to $5 million to acquire Bitcoin and Trump Coin over the next 12 months, positioning Newsmax to be the first NYSE company to purchase Trump Coin.
Partnered with Veritone to modernize newsroom operations and unlock revenue potential from Newsmax’s extensive 20-year content archive through AI-powered Digital Media Hub technology.
Appointed David Gandler, Co-Founder and Chief Executive Officer of FuboTV, to the Board of Directors, bringing extensive streaming and media industry expertise.
Third Quarter 2025 Financial Highlights
Newsmax reported total quarterly revenues of $45.3 million for the three-month period ended September 30, 2025, representing a 4.0% year-over-year increase.
Total Broadcasting revenues grew 10.1% year-over-year to $36.6 million for the third quarter of 2025, underscoring continued growth even in a non-election year. This was driven by affiliate fee revenue growth, higher ratings and pricing for broadcasting ad revenue and an increase in Newsmax+ subscribers.
Advertising Revenues decreased slightly by 1.6% year-over-year to $27.6 million due to a non-election year comparison period.
Affiliate Revenues increased 22.3% year-over-year to $8.1 million driven by new contractual relationships as well as rate increases that went into effect in 2025.
Subscription Revenues of $6.9 million were flat year-over-year, driven by an increase in Newsmax+ subscribers, offset by reductions in publication subscriptions due to election cycle cyclicality.
Product Sales Revenues increased 1.8% year-over-year to $1.5 million.
Newsmax reported a quarterly Net Loss of $(4.1) million as compared to a Net Loss of $(9.8) million reported in the prior year quarter, primarily driven by higher production and programming investments, public company and stock-based compensation costs, offset by reduced legal expenses and higher broadcast revenues.
Quarterly Adjusted EBITDA was $(1.8) million, a decrease of $4.4 million from the amount reported in the same quarter last year, primarily due to higher production and programming expenses and increased personnel and public company costs associated with the Company’s continued expansion. (See reconciliation of net loss to adjusted EBITDA below).
The Company ended the quarter with $130.4 million in Cash and short-term investments. Cash and Cash Equivalents were $14.2 million and short-term investments were $116.2 million.
Newsmax is reiterating its previously issued full-year 2025 revenue guidance of $180 million to $190 million.
"Our third quarter results highlight the resilience and momentum of our business," commented Darryle Burnham, Chief Financial Officer. "By expanding our global distribution footprint and modernizing our content monetization strategy, we are laying the foundation for sustainable, long-term growth. We are encouraged by the strong performance we are seeing early in the fourth quarter and remain confident in our previously disclosed full-year revenue guidance. Supported by a solid balance sheet, we continue to invest in strategic opportunities that enhance our reach, strengthen our financial profile and drive shareholder value."
Earnings Call Information
The Company will host an earnings call at 4:30pm ET today to discuss the third quarter 2025 financial results. Participants may access the live webcast at Newsmax’s investor relations website at: Investor Relations | Newsmax Inc.
About Newsmax
Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation’s leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax’s media properties reach more than 50 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 22 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax "a news powerhouse."
This communication contains forward-looking statements. From time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements can be identified by those that are not historical in nature. The forward-looking statements discussed in this communication and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. Newsmax does not guarantee future results, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Forward-looking statements should not be relied upon as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this communication to conform our prior statements to actual results or revised expectations, and we do not intend to do so. Factors that may cause actual results to differ materially from current expectations include various factors, including but not limited changes in domestic and global general economic and macro-economic conditions and the volatility of the price of Common Stock that may result from, among other things, comments by securities analysts or other third parties, including blogs, articles, message boards and social and other media, large shareholders exiting their position in our Common Stock, any negative public perception of us, sales of shares previously registered for resale, or other uncertainties and the factors set forth in the sections entitled "Risk Factors" in Newsmax’s Annual Report on Form 10-K for the twelve months ended December 31, 2024, Newsmax’s Quarterly Report on Form 10-Q for the three months ended June 30, 2025, and other filings Newsmax makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Undue reliance should not be placed on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.
USE AND DEFINITION OF NON-GAAP FINANCIAL MEASURES
This press release contains a financial measure that has not been prepared in accordance with United States Generally Accepted Accounting Principles ("U.S. GAAP"). This financial measure is Adjusted EBITDA.
Non-GAAP financial measures are used to supplement the financial information presented on a U.S. GAAP basis and should not be considered in isolation or as a substitute for the relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis. Because not all companies use identical calculations, our presentation of Non-GAAP measures may not be comparable to other similarly titled measures of other companies.
Adjusted EBITDA[1] is defined as revenues less cost of revenues and general and administrative expenses and does not include depreciation and amortization, interest expense, net, impairment charges, unrealized gains (losses) on marketable securities, other corporate matters (consisting primarily of certain litigation expenses, and related fees, for specific legal proceedings that the Company has determined are infrequent and unusual in terms of their magnitude), other, net, and income tax expense.
[1] The Company compensates for limitations of the adjusted EBITDA measure by prominently disclosing GAAP net income (loss), which the Company believes is the most directly comparable GAAP measure, and providing investors with a reconciliation from GAAP net income (loss) to adjusted EBITDA on page 13.
NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
September 30,
December 31,
2025
2024
ASSETS
Current assets:
Cash and cash equivalents
$
14,181,578
$
24,052,887
Funds held in escrow
20,000,000
–
Investments
116,175,071
58,310,955
Accounts receivable, net
30,623,417
28,265,721
Inventories, net
1,798,300
1,792,697
Prepaid expenses and other current assets
9,457,315
8,925,294
Total current assets
192,235,681
121,347,554
Property and equipment, net
6,568,078
6,225,617
Right of use asset, operating lease
4,531,107
7,191,606
Other assets
9,446,965
10,698,660
Security deposits
549,277
609,426
Funds held in escrow
20,000,000
–
Total assets
$
233,331,108
$
146,072,863
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities
Accounts payable
$
15,844,429
$
14,670,846
Accrued expenses
9,824,063
9,882,720
Accrued payroll
3,439,899
2,220,872
Accrued distribution
935,380
1,068,366
Deferred revenue
10,673,913
13,652,699
Lease liability, operating lease
3,320,703
3,894,102
Lease liability, finance lease
156,420
199,237
Settlement liability
26,022,450
29,099,265
Warrant liability
–
6,499,821
Derivative liability
–
41,459,418
Total current liabilities
70,217,257
122,647,346
Long-term liabilities:
Deferred revenue, net of current portion
3,031,812
2,835,218
Lease liability, operating lease, net of current portion
1,710,473
4,049,256
Lease liability finance lease, net of current portion
19,614
129,930
Share repurchase liability
6,407,990
–
Other long-term liabilities
937,500
–
Settlement liability, net of current portion
45,045,400
25,477,941
Total liabilities
127,370,046
155,139,691
Commitments and contingencies (Note 11)
Convertible and redeemable preferred stock, $0.001 par value; 11,034 shares authorized; and 0 and 5,575 shares issued and outstanding as of September 30, 2025 and December 31, 2024
–
128,576,901
Stockholders’ equity (deficit)
Convertible and redeemable preferred stock, $0.001 par value; 60,000 shares authorized; and 0 and 27,612 shares issued and outstanding as of September 30, 2025 and December 31, 2024
–
86,742,045
Class A common stock, 0.001 par value; 50,000,000 shares authorized; 39,239,297 shares issued and outstanding; Class B common stock, 0.001 par value; 940,000,000 shares authorized 89,884,489 shares issued and outstanding at September 30, 2025. Class A common stock, 0.001 par value; 20,000 Class A shares authorized; 68,127,538 Class A shares issued and outstanding at December 31, 2024; 60,000 Class B shares authorized; 0 Class B shares issued and outstanding at December 31, 2024 (1)
129,124
10
Treasury stock, 0 and 27,061,584 shares at cost, respectively
–
(14,622,222
)
Additional paid-in capital
429,920,419
18,056,702
Accumulated other comprehensive income (loss)
810,725
(52,849
)
Accumulated deficit
(324,899,206
)
(227,767,415
)
Total stockholders’ equity (deficit)
105,961,062
(137,643,729
)
Total liabilities, convertible and redeemable preferred stock and stockholders’ equity (deficit)
$
233,331,108
$
146,072,863
NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited)
September 30,
September 30,
2025
2024
2025
2024
Revenues:
Service revenue
$
43,724,758
$
41,993,774
$
132,344,306
$
118,903,244
Product revenue
1,547,938
1,520,178
4,669,841
4,437,085
Total revenues
45,272,696
43,513,952
137,014,147
123,340,329
Cost of services
28,357,890
22,589,117
80,765,038
64,165,716
Cost of products sold
954,070
1,162,172
3,184,474
3,785,208
Gross profit
15,960,736
19,762,663
53,064,635
55,389,405
General and administrative expenses:
Personnel costs
8,202,407
6,557,029
24,830,586
18,396,598
Advertising costs
4,613,034
4,215,409
14,972,904
12,560,388
Professional fees
2,602,513
1,457,565
9,993,062
3,928,383
Rent and utilities
1,494,040
1,526,716
4,484,284
4,496,174
Depreciation
690,320
746,206
2,161,785
2,371,299
Other corporate matters
1,192,312
10,718,880
79,297,013
69,793,233
Other
4,364,669
3,335,633
12,501,789
8,232,579
Total general and administrative expenses
23,159,295
28,557,438
148,241,423
119,778,654
Loss from operations
(7,198,559
)
(8,794,775
)
(95,176,788
)
(64,389,249
)
Other income (expense), net
Interest and dividend income
2,203,611
166,694
5,059,952
220,155
Interest expense
(5,455
)
(25,067
)
(18,966
)
(73,229
)
Unrealized gain on marketable securities
957,795
136,355
2,042,639
264,929
Other, net
(17,062
)
(1,253,656
)
(8,359,960
)
(1,285,342
)
Total other income (expense), net
3,138,889
(975,674
)
(1,276,335
)
(873,487
)
Net loss before income taxes
(4,059,670
)
(9,770,449
)
(96,453,123
)
(65,262,736
)
Income tax expense (benefit)
55,736
(162
)
70,429
20,798
Net loss
$
(4,115,406
)
$
(9,770,287
)
$
(96,523,552
)
$
(65,283,534
)
Other comprehensive income:
Unrealized (loss) gain on available for sale debt investments, net of income tax
(65,595
)
–
863,574
–
Comprehensive loss
$
(4,181,001
)
$
(9,770,287
)
$
(95,659,978
)
$
(65,283,534
)
Weighted average common stock outstanding, basic and diluted (1)
128,480,258
41,065,954
100,938,896
41,065,954
Net loss per share attributable to common stockholders, basic and diluted
$
(0.03
)
$
(0.29
)
$
(1.00
)
$
(1.71
)
NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED September 30, 2025 AND 2024 (Unaudited)
2025
2024
Cash flows from operating activities:
Net loss
$
(96,523,552
)
$
(65,283,534
)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
4,614,605
4,663,869
Stock-based compensation
8,542,133
–
Change in fair value of warrant liability
1,824,179
6,373,757
Change in fair value of derivative liability
6,104,230
871,423
(Recovery of) provision for credit losses
(67,024
)
(398,460
)
Unrealized gain on marketable securities
(2,042,639
)
(264,929
)
Non-cash lease expense
2,575,226
2,696,788
Non-cash expense related to SEPA Agreement
500,000
–
Changes in operating assets and liabilities:
(Increase) decrease in assets:
Accounts receivable
(2,290,672
)
(3,912,014
)
Inventory
(5,603
)
1,522,127
Prepaid expenses and other current assets
(2,470,684
)
(1,510,367
)
Funding of settlement escrow
(40,000,000
)
–
Other asset
(1,201,125
)
–
Security deposits
60,149
133,017
Increase (decrease) in liabilities:
Accounts payable
452,333
(5,513,332
)
Accrued expenses
1,027,384
9,035,612
Lease liabilities
(2,826,909
)
(2,818,993
)
Settlement liability
16,490,644
36,959,521
Other long-term liabilities
937,500
–
Deferred revenue
(2,782,192
)
(3,734,657
)
Net cash used in operating activities
(107,082,017
)
(21,180,172
)
Cash flows from investing activities:
Purchase of investments
(132,569,436
)
–
Proceeds from maturity of investments
28,250,000
–
Sale of investments
49,361,533
314,432
Purchase of property and equipment
(1,782,997
)
(497,453
)
Net cash used in investing activities
(56,740,900
)
(183,021
)
Cash flows from financing activities:
Proceeds from issuance of convertible preferred stock, net
80,742,222
50,471,381
Proceeds from issuance of common stock IPO, net
66,359,453
–
Proceeds from exercise of stock options
7,829,631
–
Proceeds from additional stock issuance
88,500
–
Payment of dividend
(915,067
)
–
Principal payment under finance lease obligation
(153,132
)
(139,040
)
Net cash provided by financing activities
153,951,608
50,332,341
Net change in cash
(9,871,309
)
28,969,148
Cash and cash equivalents – beginning
24,052,887
6,037,211
Cash and cash equivalents – ending
$
14,181,578
$
35,006,359
Supplemental disclosures of cash flow information:
Operating lease assets obtained in exchange for operating lease liabilities
$
28,391
$
76,708
Allocation from equity to derivative liability for Series B Preferred Stock
$
–
$
14,982,293
Interest paid
$
1,829
$
30,289
Non-cash transactions:
Property and equipment acquired through accounts payable:
$
721,250
$
210,737
Non-cash financing activities:
Issuance of warrants in connection with the issuance of convertible stock
$
1,144,976
$
–
Common stock issuance costs reclassified from prepaid expenses
$
(1,798,989
)
$
–
IPO funds receivable in escrow
$
34,500
$
–
NEWSMAX INC. AND SUBSIDIARIES ADJUSTED EBITDA RECONCILIATION FOR THE THREE MONTHS ENDED September 30, 2025 AND 2024 (Unaudited)
2025
2024
Net loss
$
(4,115,406
)
$
(9,770,287
)
Add
Depreciation
690,320
746,206
Interest, net
(2,198,156
)
(141,627
)
Unrealized (gain) loss on marketable securities
(957,795
)
(136,355
)
Stock-based compensation
3,547,340
–
Other corporate matters[2]
1,192,312
10,718,880
Other, net[3]
17,062
1,253,656
Income tax expense
55,736
(162
)
Adjusted EBITDA[4]
$
(1,768,587
)
$
2,670,311
[2] Comprised of certain litigation expenses, and related fees, for specific legal proceedings that we have determined are infrequent and unusual in terms of their magnitude. [3] Comprised of miscellaneous items such as derivative adjustments, income tax credits, and unrealized gains on securities [4] For a discussion of Adjusted EBITDA, see "Non-GAAP Financial Measures" below.
Trustpoint Xposure Recognized as the Only AEO-Certified Media Strategy Agency Delivering AI-Optimized Visibility
By
Media News
3 min read • Published November 13, 2025
By
Media News
3 min read • Published November 13, 2025
POST FALLS, ID / ACCESS Newswire / November 13, 2025 / Trustpoint Xposure announced today that it has been recognized as the only AEO-certified media strategy agency specializing in AI-optimized visibility for modern PR, communications, and digital discovery in the USA. As answer engines increasingly replace traditional search pathways, Trustpoint Xposure’s certification marks a defining moment in how brands compete for inclusion in AI-generated answers.
Answer Engine Optimization (AEO) is the emerging standard for ensuring brand information is properly read, parsed, and cited by large language models (LLMs) such as ChatGPT, Gemini, Claude, and Perplexity. Unlike SEO, which focuses on page rankings, AEO focuses on direct answer inclusion, making it essential for any brand seeking visibility in AI-driven environments.
A Certification That Redefines Visibility
Trustpoint Xposure’s AEO certification validates its ability to engineer communication assets-press releases, executive bios, media kits, brand narratives, and strategic messaging-that can be understood with high precision by answer engines. Through structured editorial frameworks and machine-readable narrative construction, the agency ensures brands appear more consistently inside:
AI-generated summaries
Category comparisons
Product recommendations
Industry answer sets
Competitive breakdowns
Automated research workflows
"Brands used to fight for page one. Now they’re fighting to be the answer itself," said David Wilder, Founder & CEO of Trustpoint Xposure. "We pursued AEO certification so our clients can win inside the new discovery layer-AI systems that decide what gets cited, summarized, and surfaced."
Why AEO Matters Right Now
With Google AI Overviews accelerating, enterprise search platforms integrating LLMs, and consumers relying on conversational tools for daily decisions, traditional SEO no longer guarantees visibility.
AEO provides:
Accurate representation inside AI platforms
Reduced misinformation or misclassification
Increased citation frequency by LLMs
Higher authority scores across AI ecosystems
Consistent alignment across multiple platforms
Brands not optimized for answer engines risk disappearing from AI-driven results-even with strong SEO.
How Trustpoint Xposure Delivers AI-Optimized Media Strategy
This process ensures brand narratives remain journalistically strong while being fully optimized for machine interpretation.
A Foundation for the Future of Discovery
Wilder emphasized that the certification reflects a fundamental industry shift: "We’re entering a decade where audiences will talk to AI systems more than they browse webpages. Brands that prepare now will set the competitive baseline for years to come."
Clients already working with Trustpoint Xposure have reported improvements in:
AI-generated brand accuracy
Inclusion in answer-level output
Visibility within LLM-driven comparisons
Thought leadership citation
Narrative consistency across AI platforms
Brands seeking AI-optimized visibility or wanting to understand how AEO impacts the future of PR and search can schedule a consultation atwww.trustpointxposure.com.
About Trustpoint Xposure
Trustpoint Xposure is an award-winning PR and media strategy agency specializing in AEO-driven visibility, narrative engineering, and modern digital discovery. As the only AEO-certified media strategy agency, Trustpoint helps organizations achieve consistent, authoritative representation inside answer engines, AI assistants, and next-generation search ecosystems.
HPB and Coperion Partner on Next-Generation Slurry Production
By
Media News
2 min read • Published November 13, 2025
By
Media News
2 min read • Published November 13, 2025
New to The Street will be covering across all media.
NEW YORK CITY, NY / ACCESS Newswire / November 13, 2025 / HPB, a German innovator in solid-state battery technology, has partnered with leading process engineering company Coperion to advance slurry production. This strategic collaboration integrates Coperion’s expertise in continuous processing with HPB’s battery technology with the potential to support future industrial-scale production readiness. HPB’s solid-state batteries offer significant improvements in safety, longevity, and environmental impact. With intellectual property protected in 96 countries, the technology provides up to 50% better environmental balance compared to conventional lithium-ion batteries.
Earlier this year, HPB and Coperion conducted joint tests at Coperion’s test facility in Stuttgart, Germany. Using their continuous extrusion systems, the teams examined whether HPB’s slurry parameters could be effectively achieved. The first tests demonstrated that the target viscosity could be met, opening the door to further investigation.
"Our primary goal was to validate that our proprietary slurry can be produced reliably and consistently at industrial scale. The successful trials using Coperion’s state-of-the-art equipment have confirmed that scaling up our technology is both feasible and efficient," explained Markus Stichnote, Head of Development at HPB.
Coperion brings extensive expertise in scaling innovative material processes from laboratory to industrial production. "We are delighted to support HPB in translating their innovative battery tech into scalable production. By applying our advanced continuous mixing solutions, we demonstrated that even novel battery formulations can be produced safely, efficiently, and at scale." said Massimo Bernert, Teamleader Sales Europe from Coperion.
After the team successfully achieved target viscosity using the extruder in the first tests, they will consider scaling up trials in the next rounds, keeping in mind the possibility of industrial-scale production in the future. To follow progress and explore partnership opportunities, stakeholders from the battery manufacturing, renewable energy, and clean technology sectors are invited to connect directly with HPB and Coperion.
‘Free Bird’ by Mark Edward, a Journey From Fear to Freedom, Now Available on Amazon
By
Media News
2 min read • Published November 13, 2025
By
Media News
2 min read • Published November 13, 2025
PORT ALLEGANY, PENNSYLVANIA / ACCESS Newswire / November 13, 2025 / Mark Edward announces the release of his spiritual journey: Free Bird. The book is a profound transformational account of one man’s search for peace, written in hopes his experience and insights find relatability and inspiration. His story is a testament to the beauty and value within each one of us.
About the Book
Like a runaway train, this book starts on the edge of a cliff – and without warning, a bridge appeared with a new direction. Fueled with a fire in his heart, a search began that would not be denied. Edward’s willingness to change allowed an evolution to key insights in life and more fulfilling pathways. The purpose of the book is to give a very clear picture of a fundamental Truth – one that consumes our whole life experience. How you see yourself creates your whole world. The author shows how opening the door to loving kindness within breaks the chains that bind you – allowing life to support and guide you to freedom.
About the Author
A life of change holds Mark Edward on a steady course for service: to see the depths of despair and know the light of freedom carries the potential to help those who are open. His passion is lifting others to see the beauty of their own light.
Availability
Free Bird is published by Booklyn Writers. Begin your own journey to freedom with a willing heart and an open mind. The book is now available for purchase on Amazon and at all major bookstores.
ISSA Show North America Spotlights Distinguished Innovative Leaders Award 2025 Winners
By
Media News
4 min read • Published November 13, 2025
By
Media News
4 min read • Published November 13, 2025
The annual award program recognizes trailblazing cleaning excellence across five categories.
LAS VEGAS, NV / ACCESS Newswire / November 12, 2025 / ISSA Show North America, the global gathering for industrial, commercial and residential cleaning and facility management professionals, announces the recipients of the 2025 Innovative Leaders Award Program, showcasing cutting-edge products and breakthrough solutions transforming the worldwide cleaning industry.
The honorees of this year’s recognition program, revealed today at the Innovation Showcase and Theatre on the ISSA expo floor, demonstrate exceptional advancement and innovation across the cleaning industry. Each category winner and two honorees were selected by an expert judging panel comprised of distinguished industry executives, including delegates from leading councils, committees and professional organizations throughout the sector.
"The Innovative Leaders Award Program recognizes the exceptional ingenuity and forward-thinking solutions that define excellence in the industry by honoring companies and individuals that push boundaries and set new standards for cleaning technology and operational efficiency," says Ed Nichols, Show Director of ISSA Show North America.
The winners for each category are as follows:
Automation and Equipment Innovation of the Year: Gausium took first place for the Miracle Cleaning Concept machine. Honorees include Diversey, a Solenis Company, for the TASKI Ultimaxx 360 and Kaivac, Inc. for the Kaivac 1050M cleaning system.
Hygiene Solutions Innovation of the Year: Diversey, a Solenis Company, was named the winner for the Lesseau® solid hand wash solution. Honorees include Vectair Systems, Inc. for the V-Air Flow air freshener fan and Tork, an Essity brand for the Tork PeakServe Automatic Continuous Hand Towel Dispenser.
Facility Solution Care Products Innovation of the Year: Ecolab, Inc. took first place for the Fill & Clean™ Series of Commercial-Grade Cleaners. Honorees include CloroxPro for the Clorox Screen+ Sanitizing Wipes and SC Johnson Professional for the TruShot 2.0® No Rinse Sanitizer.
Environment and Sustainability Innovation of the Year: Force of Nature was announced as the winner for the new Force of Nature Pro On-Demand system.
People’s Choice Award: Kaivac, Inc. was recognized as the winner for the Kaivac 1050M cleaning system. Honorees include Force of Nature for the new Force of Nature Pro On-Demand disinfectant and GP PRO for the Dixie Ultra® SmartStock® Mini Tri-Tower Cutlery Dispenser.
Each exhibiting company presented innovative products that have transformed the commercial, institutional and residential cleaning sectors by tackling critical operational challenges faced by industry professionals while safeguarding and enhancing occupant wellness.
By delivering comprehensive education, hands-on product showcases and year-round networking opportunities, ISSA Show North America advances worldwide public health and safety standards, offering essential tools and knowledge for distributors, building service contractors, facility management companies and diverse professionals across the global cleaning industry.
"We are always seeking the next generation of solutions that will transform our industry. This showcase exemplifies that very spirit, a platform to discover the newest products and technologies that will define the next wave of cleaning and facility solutions. These breakthrough products represent the evolution toward smarter, more efficient and more sustainable solutions," adds Kim Althoff, Executive Director of ISSA.
To view the full list of participants, finalists and honorees for the 2025 Innovative Leaders Award Program, please visit www.issashow.com.
For more information about ISSA Show North America, please visit www.issashow.com.
About ISSA Show North America
In partnership with ISSA, the association for cleaning & facility solutions, ISSA Show North America offers an unmatched conference program featuring over 100 education sessions, workshops, panels, training and certification courses over four days. The event and the association are committed to changing the way the world views cleaning by providing its members with the business tools they need to promote cleaning as an investment in human health, the environment, and an improved bottom line. For more information about ISSA Show North America, visit www.issashow.com. Follow ISSA Show North America on LinkedIn, Facebook, Instagram, X and YouTube.
About ISSA
With more than 11,000 members-including distributors, manufacturers, manufacturer representatives, wholesalers, building service contractors, in-house service providers, residential cleaners, and associated service members-ISSA is the association for cleaning & facility solutions. The association is committed to empowering the organizations and people who keep our built environments healthy, safe, and efficient. Headquartered in Rosemont, Ill., USA, the association has regional offices in Milan, Italy; Toronto, Canada; Sydney, Australia; Seoul, South Korea; and Shanghai, China. For more information about ISSA, visit www.issa.com or call 800-225-4772 (North America) or 847-982-0800. Follow us on LinkedIn, Facebook, Instagram, and YouTube.
About Informa Markets Informa Markets, a subsidiary of Informa plc (LON:INF), creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio comprises more than 550 international B2B events and brands in markets including Engineering, Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world’s leading exhibitions organizer, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, visit www.informamarkets.com.
MD&M West Returns with Focus on Sustainability, Healthcare Innovation
By
Media News
4 min read • Published November 12, 2025
By
Media News
4 min read • Published November 12, 2025
ANAHEIM, CA / ACCESS Newswire / November 12, 2025 / Registration is now open for MD&M West, the most comprehensive manufacturing trade show in North America, taking place February 3-5, 2026, at the Anaheim Convention Center in Anaheim.
Comprehensive Manufacturing Solutions Under One Roof
MD&M West serves as a global hub where attendees can discover breakthrough technologies, source innovative solutions and connect with experts who can solve their most pressing manufacturing challenges. The show covers five key sectors encompassing the advanced manufacturing industry; MedTech; Automation; Design & Manufacturing; Plastics and Packaging.
California is currently number one in the U.S. for manufacturing jobs, with over 1.1 million people in the industry, and makes up 9% of the state’s total GDP.
"MD&M West continues to be the essential gathering place for medical device professionals seeking to source the latest solutions, spark new ideas and lead innovation across five critical manufacturing sectors," said Adrienne Zependa, VP Group Portfolio Leader, Informa Markets Manufacturing. "Our 2026 event promises to deliver even more value with expanded programming, cutting-edge technology showcases, and unparalleled networking opportunities that drive the medical device industry forward."
Sustainability as an Emerging Trend
The 2026 edition will also see the introduction of Sustainable Manufacturing Conference (SMC) bringing together industry leaders, innovators and solution providers for two days of intensive learning, networking and collaboration focused exclusively on technologies and strategies that reduce carbon footprint, conserve resources and drive operational efficiencies in manufacturing.
This timely program addresses sustainable practices, environmental compliance requirements and green manufacturing initiatives that are increasingly important to both regulatory bodies and healthcare providers.
Returning Show Features Help Further Innovation
The FuturePack Forum will bring together packaging innovators, engineers and sustainability leaders to explore the next generation of packaging solutions. This collaborative, one-day program focuses on the intersection of design, materials and manufacturing, revealing how smarter packaging can enhance product performance, reduce waste and strengthen supply chains.
Industry ShopTalk sessions, guided by expert moderators, are a way to share challenges, discuss key trends and exchange ideas that drive the industry forward.
Hall E will feature the News & Brews Studio, a place to grab a drink and view a live, high-energy broadcast covering what’s new and next in manufacturing. With topics like MedTech, AI, sustainability and more, this is where sharp insights meet casual conversation.
The MedTech Conference is built exclusively for medical device and technology professionals who are shaping the future of patient care through a balance of breakthrough innovation with stringent requirements, tight timelines, and evolving regulations. The conference tracks include Design Forward; exploring how modern design strategies drive better outcomes; NextTech; a look at how AI, robotics, sensors, wearables and digital diagnostics are transforming devices and defining the next era of care; Compliance Lab, a focus on staying ahead of evolving international standards and FDA expectations; Secure & Smart, dedicated to securing IoMT systems, building software resilience, and embedding security-by-design principles from concept to commercialization; and Manufacturing & Supply Chain, highlighting strategies that power resilient, scalable manufacturing operations.
To learn more about MD&M West, please visit: mdmwest.com.
About MD&M MD&M, organized by Informa Markets Engineering, is the leading group of business events across the U.S. for professionals in medical, critical and advanced manufacturing. United under one brand, MD&M is the premier platform where professionals meet, learn and collaborate to drive innovations in life-saving devices, cutting-edge technologies and advanced manufacturing processes. Founded in 1985, the MD&M portfolio includes MD&M West, MD&M East, MD&M South and MD&M Midwest. Focusing on fostering collaboration across regions and sectors, MD&M is dedicated to empowering professionals through year-round engagement, advanced matchmaking technology and specialized events that reflect the ever-evolving needs of the industry.
About Informa Markets Engineering Informa Markets Engineering, a subsidiary of Informa plc (LON:INF), is the leading B2B event producer, publisher, and digital media business for the world’s $3-trillion advanced, technology-based manufacturing industry. Our print and electronic products deliver trusted information to the engineering market and leverage our proprietary 1.3-million-name database to connect suppliers with buyers and purchase influencers. We produce more than 50 events and conferences in a dozen countries, connecting manufacturing professionals from around the globe. The Engineering portfolio is organized by Informa, the world’s leading exhibition organizer that brings a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.
Dolphin Announces Record Q3 Revenue of $14.8 Million, up 16.7% YoY
By
Media News
8 min read • Published November 12, 2025
By
Media News
8 min read • Published November 12, 2025
Operating Income Turns Positive $300,000 Even With Almost $600,000 of Non-Cash Amortization Expenses
CEO believes Dolphin is undervalued, purchases approximately 2% of outstanding shares since April 2025
MIAMI, FL / ACCESS Newswire / November 12, 2025 / Dolphin (NASDAQ:DLPN), a leading entertainment marketing and content production company, today announced its financial results for the third quarter ended September 30, 2025.
Bill O’Dowd, CEO of Dolphin Entertainment, stated:
"Dolphin delivered another record-setting quarter in Q3, with revenue rising 16.7% year over year to $14.8 million and operating income turning positive with $300,000 despite almost $600,000 of non-cash amortization expenses related to our historical acquisitions. Furthermore, the first nine months of 2025 have now surpassed the first nine months of 2024 in revenue despite "The Blue Angels" generating over $3.4 million in revenues in Q1 2024. In fact, Q3 2025 is the second-highest revenue quarter in Dolphin’s history, only slightly behind "The Blue Angels" fueled $15.2 million in Q1 2024.
Equally important, the quarter’s results were entirely organic, as our last acquisition was Elle Communications on July 1, 2024. Thus, the same agencies delivered this outstanding year‑over‑year revenue and operating income growth. This healthy organic growth is the primary driver behind our continued margin expansion, with adjusted operating income exceeding $1.0 million, or 6.9% of revenue, up from 4.5% in Q2. This performance reflects both the consistency and strength of our core subsidiaries and the growing scalability of our cross-selling operating model.
Beyond the financials, we are honored by the recognition our teams received in being named among Crain’s Best Places to Work in NYC, inclusion on The PR Net 100, and our selection to PRNEWS’ Agency Elite 120 list. All of this on top of our PR group’s recognition earlier in the year as the #1 PR Agency in the country by the Observer. These recognitions validate the strength of our culture, creativity, and leadership in entertainment marketing.
And finally, as a long‑term believer in Dolphin’s potential, I’ve personally purchased approximately 2% of our outstanding shares since April 2025. I continue to believe our share price undervalues the company’s proven performance, strategic positioning, and significant growth opportunities ahead. With record results and a unified, award‑winning team, Dolphin moves ahead in Q4 and 2026 with tremendous momentum."
Q3 2025 and Recent Highlights
Total revenue for the quarter ended September 30, 2025, was $14.8 million, an increase of 16.7% from $12.7 million in the same period last year.
Operating income was $308,296 for the quarter ended September 30, 2025, compared to an operating loss of $8.2 million for the quarter ended September 30, 2024.
Adjusted operating income was approximately $1.0 million for the quarter ended September 30, 2025, as compared to an adjusted operating income of $492,620 for the same period in 2024.
Operating expenses for Q3 2025 were $14.5 million, including depreciation and amortization of $589,388 and non-cash expenses of $127,365. This compares to operating expenses of $20.8 million in Q3 2024, including depreciation and amortization of $636,782, and non-recurring or non-cash expenses of $8.0 million.
Net loss for Q3 2025 was $365,494, including depreciation and amortization of $589,388 and non-cash expenses of $177,365. This compares to a net loss of $8.7 million for Q3 2024, including depreciation and amortization of $636,782 and non-recurring and non-cash expenses of $8.0 million.
Net loss per basic and diluted share in Q3 2025 was $0.03 based on 11,770,195 weighted average shares, compared to net loss per basic and diluted share in Q3 2024 of $0.80 based on 10,930,286 weighted average shares
Dolphin
Named one of Crain’s Best Places to Work in NYC 2025
CEO Bill O’Dowd named to PRNEWS 2025 People of the Year List; company recognized on Agency Elite 120
Named to The PR Net 100
Forms new division, Dolphin Tastemakers, to elevate culinary and lifestyle talent
A network of Dolphin’s PR and marketing agencies to represent The Lumistella Company, a global toy and entertainment brand
42West
Drives global reveal of 30 Ninjas’ Asteroid, backed by Google’s Android XR and CAA
Prepares for the fall festival season with a prolific client slate
Dominates at San Diego Comic-Con (SDCC) 2025
The Door
Expands hospitality footprint as Jesse Gerstein rejoins with a top-tier hospitality client roster
DISRPT Agency, a division of The Door, rolls out its 2025 client roster, reinforcing its cultural influence
Shore Fire Media
Clients earn 30 Grammy Nominations across multiple categories, including Songwriter of the Year
Named PR agency of record for the Miles Davis Estate ahead of the 2026 Centennial
Elle Communications
Launches "The Shift," a quarterly report, weekly newsletter, and live workshop series on the future of communications
Leads press for "A Day Of Unreasonable Conversation" summit at The Getty Center
Expands literary footprint, driving acclaimed book launches across social justice, memoir, and cultural commentary
The Digital Dept.
Hosts largest-ever Fashion Week experience, BRANDEdit, immersing top creators in the future of fashion, beauty, and wellness
Special Projects
Manages talent relations for The Academy Museum of Motion Pictures Fifth Annual Gala honoring Penélope Cruz, Walter Salles, Bruce Springsteen, and Bowen Yang
Remains a driving force at New York Fashion Week, partnering with CHANEL, FENDI, J.Crew, W Magazine, and NYLON
Dolphin Films
Youngblood feature adaptation selected to premiere at the 2025 Toronto International Film Festival
Youngblood enters production and marketing partnership with the LA Kings
Dolphin (NASDAQ:DLPN) is where cultural creation meets marketing execution. Founded in 1996 by Bill O’Dowd, Dolphin operates as both a venture studio-developing and investing in breakthrough content, products, and experiences-and a marketing consortium, featuring leading agencies across every communications discipline.
At its core, the venture studio creates, produces, finances, markets, and promotes new businesses and cultural ideas – ranging from acclaimed film, television, and digital content to consumer goods, live events and partnerships that define entertainment and lifestyle. Surrounding this entrepreneurial engine, Dolphin’s marketing prowess brings together best-in-class firms including 42West, The Door, Shore Fire Media, Elle Communications, Special Projects, The Digital Dept. and Always Alpha. Together, this collective delivers unmatched cross-marketing expertise and relationships across every vertical of pop culture – from film, television, music, influencers, sports, hospitality, and fashion to consumer brands and purpose-driven initiatives. Dolphin marketing has been the recipient of many accolades, including #1 Agency of the Year on the Observer PR Power List in 2025, The PR Net 100, and the PR News Elite 120.
This press release contains ‘forward-looking statements’ within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements may address, among other things, Dolphin Entertainment Inc.’s offering of common stock as well as expected financial and operational results and the related assumptions underlying its expected results. These forward-looking statements are distinguished by the use of words such as "will," "would," "anticipate," "expect," "believe," "designed," "plan," or "intend," the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, Dolphin Entertainment’s actual results may differ materially from the results discussed in its forward-looking statements. Dolphin Entertainment’s forward-looking statements contained herein speak only as of the date of this press release. Factors or events Dolphin Entertainment cannot predict, including those described in the risk factors contained in its filings with the Securities and Exchange Commission, may cause its actual results to differ from those expressed in forward-looking statements. Although Dolphin Entertainment believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved, and Dolphin Entertainment undertakes no obligation to update publicly any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.
DOLPHIN ENTERTAINMENT, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
September 30, 2025
December 31, 2024
ASSETS
Current
Cash and cash equivalents
$
7,832,402
$
8,203,842
Restricted cash
925,004
925,004
Accounts receivable:
Trade, net of allowance of $326,979 and $1,327,808, respectively
8,490,035
5,113,157
Other receivables
6,238,120
5,451,697
Other current assets
993,453
373,399
Total current assets
24,479,014
20,067,099
Capitalized production costs, net
640,216
594,763
Employee receivable
1,148,085
1,007,418
Right-of-use asset
3,465,591
4,738,997
Goodwill
21,507,944
21,507,944
Intangible assets, net
8,466,300
10,189,026
Property, equipment and leasehold improvements, net
65,360
114,011
Other long-term assets
189,298
218,021
Total Assets
$
59,961,808
$
58,437,279
LIABILITIES
Current
Accounts payable
$
2,797,753
$
2,344,272
Term loan, current portion
1,778,083
1,686,018
Notes payable, current portion
3,350,000
3,750,000
Convertible note payable, current portion
500,000
–
Revolving line of credit
400,000
400,000
Accrued interest – related parties
2,095,812
1,857,986
Accrued compensation – related party
2,625,000
2,625,000
Lease liability, current portion
2,042,738
1,919,672
Deferred revenue
1,811,631
341,153
Contingent consideration
–
486,000
Other current liabilities
12,471,309
11,104,036
Total current liabilities
29,872,326
26,514,137
Term loan, noncurrent portion
3,446,960
4,782,271
Notes payable
4,330,000
3,130,000
Convertible notes payable
7,250,000
5,100,000
Convertible note payable at fair value
300,000
320,000
Convertible notes payable – related party
3,062,823
–
Loans from related party
983,112
3,225,985
Lease liability
1,848,732
3,306,033
Deferred tax liability
437,592
394,547
Other noncurrent liabilities
–
18,915
Total Liabilities
51,531,545
46,791,888
Commitments and contingencies (Note 14)
STOCKHOLDERS’ EQUITY
Preferred Stock, Series C, $0.001 par value, 50,000 shares authorized, 50,000 shares issued and outstanding at September 30, 2025 and December 31, 2024
1,000
1,000
Common stock, $0.015 par value, 200,000,000 shares authorized, 11,982,422 and 11,162,026 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively
179,736
166,688
Additional paid-in capital
158,572,430
157,692,132
Accumulated deficit
(150,322,903
)
(146,214,429
)
Total Stockholders’ Equity
8,430,263
11,645,391
Total Liabilities and Stockholders’ Equity
$
59,961,808
$
58,437,279
DOLPHIN ENTERTAINMENT, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025
2024
2025
2024
Revenues
$
14,796,309
$
12,682,437
$
41,053,549
$
39,367,418
Expenses:
Direct costs
643,931
254,574
1,730,516
2,790,043
Payroll and benefits
10,397,559
9,575,596
31,004,544
28,344,865
Selling, general and administrative
2,041,440
1,838,765
5,735,759
5,665,365
Depreciation and amortization
589,388
636,782
1,772,492
1,745,579
Impairment of goodwill
–
6,480,992
–
6,671,557
Impairment of notes receivables
–
1,270,000
–
1,270,000
Acquisition costs
–
148,798
416,171
164,044
Legal and professional
815,695
631,629
1,916,351
1,825,588
Total expenses
14,488,013
20,837,136
42,575,833
48,477,041
Income (loss) from operations
308,296
(8,154,699
)
(1,522,284
)
(9,109,623
)
Other (expenses) income, net:
Change in fair value of convertible note
(50,000
)
(10,000
)
20,000
55,000
Change in fair value of warrants
–
–
–
5,000
Loss on extinguishment of debt
–
–
(835,324
)
–
Interest income
4,164
3,391
21,443
9,991
Interest expense
(627,954
)
(533,454
)
(1,749,264
)
(1,559,276
)
Total other (expenses) income, net
(673,790
)
(540,063
)
(2,543,145
)
(1,489,285
)
Loss before income taxes
(365,494
)
(8,694,762
)
(4,065,429
)
(10,598,908
)
Income tax benefit (expense)
–
2,373
(43,045
)
(44,706
)
Net loss
$
(365,494
)
$
(8,692,389
)
$
(4,108,474
)
$
(10,643,614
)
Loss per share:
Basic
$
(0.03
)
$
(0.80
)
$
(0.36
)
$
(1.07
)
Diluted
$
(0.03
)
$
(0.80
)
$
(0.36
)
$
(1.07
)
Weighted average number of shares outstanding:
Basic
11,770,195
10,930,286
11,370,007
9,964,607
Diluted
11,770,195
10,930,286
11,370,007
9,964,607
Use of Non-GAAP Financial Measures
In order to provide greater transparency regarding our operating performance, the financial results in this press release refer to a non-GAAP financial measure that involves adjustments to GAAP results. Non-GAAP financial measures exclude certain income and/or expense items that management deems are not directly attributable to the Company’s core operating results and/or certain items that are inconsistent in amounts and frequency, making it difficult to perform a meaningful evaluation of our current or past operating performance.
Adjusted operating income or loss is defined by Dolphin as (loss) income from operations before: (i) depreciation and amortization, (ii) write-off of assets, (iii) impairment of goodwill or intangible assets, (iv) acquisition costs, (v) employee stock compensation, (vi) change in fair value of contingent consideration, (vii) bad debt expense and (viii) and impairment of capitalized production costs.
Management believes that the presentation of operating results using this non-GAAP financial measure provides useful supplemental information for investors by providing them with the non-GAAP financial measure used by management for financial and operational decision making, planning and forecasting and in managing the business. This non-GAAP financial measure does not replace the presentation of financial information in accordance with U.S. GAAP financial results, should not be considered a measure of liquidity and is unlikely to be comparable to non-GAAP financial measures provided by other companies.
Reconciliation of GAAP loss from operations to non-GAAP income from operations
ADM Toronto 2025 Concludes with 26% Attendance Growth, Showcasing Canadian Manufacturing Innovation and Advanced Technologies
By
Media News
3 min read • Published November 12, 2025
By
Media News
3 min read • Published November 12, 2025
Three days of groundbreaking exhibitions, expert insights, and strategic connections drive Canada’s manufacturing sector forward.
TORONTO, ON / ACCESS Newswire / November 12, 2025 / Advanced Design & Manufacturing Expo (ADM) Toronto 2025, Canada’s largest comprehensive design and manufacturing event, concluded with exceptional success, delivering a remarkable 26% increase in attendance from the 2023 edition. The three-day event at Toronto Congress Centre united industry professionals, leading exhibitors and manufacturing experts for unprecedented discovery, learning and collaboration that will define the future of manufacturing.
Diverse Exhibition Floor Demonstrates Canadian Manufacturing Excellence
The expansive exhibition floor told the story of Canadian manufacturing’s evolution and ambition. From established industry leaders showcasing their latest innovations to emerging startups presenting new technologies, the diversity of solutions on display reflected the sector’s dynamic nature. The Reusable Packaging Innovation Showcase, hosted by PAC Global and Environment and Climate Change Canada highlighted the industry’s response to sustainability challenges, with biodegradable materials and circular economy principles taking center stage.
Influential keynote presentations emphasized the critical importance of Canada-First manufacturing strategies for strengthening the sector within the global economy:
Dennis Darby, President and CEO at Canadian Manufacturers and Exporters (CME), addressed national manufacturing competitiveness and policy priorities
Mona Eghanian, AVP at Ontario Vehicle Innovation Network (OVIN), explored automotive innovation and electric vehicle manufacturing opportunities
Michelle Sangster, Managing Director at Eclipse Automation; discussed advanced automation solutions and manufacturing efficiency
Daniel Tisch Echevarria,President & CEO at Ontario Chamber of Commerce, presented strategies for business growth and economic development
Industry Leadership Reflects on Manufacturing Transformation
"ADM Toronto 2025 reflects the future trajectory of Canadian manufacturing, more connected, innovative and self-reliant," said Kayle Kvinge, Event Director, Informa Markets Manufacturing. "The strategically curated event directly addresses critical industry challenges from navigating complex trade channel and addressing battery safety concerns to building a stronger talent pipeline, ADM Toronto delivers the essential tools and connections needed to transform obstacles into opportunities for growth."
Inaugural Conference Program Delivers Specialize Industry Expertise
The first-ever conference program proved to be a major draw, with both specialized tracks delivering exceptional value to attendees.
The International and Interprovincial Trade Track addressed one of the most pressing challenges facing Canadian manufacturers, including navigating complex trade relationships and expanding market reach. Sessions covered everything from United States-Mexico-Canada Agreement (USMCA) compliance to emerging opportunities in Asian markets, providing practical insights that attendees could immediately apply to their business strategies.
The Battery Workshops & Seminars responded to the critical need for comprehensive safety protocols in the rapidly expanding battery technology sector. Topics covered included portable, stationary and automative battery safety; battery life cycles; breakthroughs of Chinese manufacturers and more.
Comprehensive Manufacturing Ecosystem Under One Roof
ADM Toronto 2025 distinguished itself as more than a traditional trade show, creating a comprehensive ecosystem where six critical manufacturing sectors converged under one roof. The integrated event format enabled attendees to explore the interconnected nature of modern manufacturing, from initial design concepts and prototyping through final production, quality control and delivery logistics.
Save the Date: ADM Montréal 2026
ADM Montréal returns November 11-12, 2026, at the Palais des congrès de Montréal Montréal, Québec, Canada. Learn more about the event at: admmontreal.com
About Informa Markets Engineering Informa Markets’ Engineering portfolio, a subsidiary of Informa plc (LON:INF), is the leading B2B event producer, publisher, and digital media business for the world’s $3-trillion advanced, technology-based manufacturing industry. Our print and electronic products deliver trusted information to the engineering market and leverage our proprietary 1.3-million-name database to connect suppliers with buyers and purchase influencers. We produce more than 50 events and conferences in a dozen countries, connecting manufacturing professionals from around the globe. The Engineering portfolio is organized by Informa, the world’s leading exhibitions organizer that brings a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit informamarkets.com.