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Direct Digital Holdings Appoints BDO as New Auditor

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HOUSTON, June 10, 2024 /PRNewswire/ — Direct Digital Holdings, Inc. (Nasdaq: DRCT) (“Direct Digital Holdings” or the “Company”), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC (“Colossus SSP”), Huddled Masses LLC (“Huddled Masses”) and Orange 142 (“Orange 142”), today announced the appointment of BDO USA, P.C. (“BDO”) as the Company’s new independent registered public accounting firm, effective June 10, 2024.  

BDO, one of the world’s top five accounting firms, delivers assurance, tax, and advisory services to clients throughout the U.S. and around the globe. The firm is home to over 12,000 professionals spread across 75 U.S. offices. BDO succeeds Marcum LLP, which previously was the independent registered accounting firm providing audit services to the Company.

“We are pleased to engage BDO as our new independent auditor,” said Diana Diaz, Chief Financial Officer of Direct Digital Holdings. “The firm has deep experience in the advertising technology sector, working with many of our peers across the industry. Their leading expertise and fresh perspective will be valuable assets as we continue executing our growth strategy and striving for excellence in financial reporting and corporate governance. Now with our new auditor, we look forward to returning to a normal cadence of quarterly and annual filings as soon as possible.”

About Direct Digital Holdings

Direct Digital Holdings (Nasdaq: DRCT), owner of operating companies Colossus SSP, Huddled Masses, and Orange 142, brings state-of-the-art sell- and buy-side advertising platforms together under one umbrella company. Direct Digital Holdings’ sell-side platform, Colossus SSP, offers advertisers of all sizes extensive reach within general market and multicultural media properties. The Company’s subsidiaries Huddled Masses and Orange142 deliver significant ROI for middle market advertisers by providing data-optimized programmatic solutions at scale for businesses in sectors that range from energy to healthcare to travel to financial services. Direct Digital Holdings’ sell- and buy-side solutions manage on average over 115,000 clients monthly, generating over 326 billion impressions per month across display, CTV, in-app and other media channels.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of federal securities laws that are subject to certain risks, trends and uncertainties.

As used below, “we,” “us,” and “our” refer to the Company. We use words such as “could,” “would,” “may,” “might,” “will,” “expect,” “likely,” “believe,” “continue,” “anticipate,” “estimate,” “intend,” “plan,” “project” and other similar expressions to identify forward-looking statements, but not all forward-looking statements include these words. All of our forward-looking statements involve estimates and uncertainties that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to the information described under the caption “Risk Factors” and elsewhere in our most recent Annual Report on Form 10-K (the “Form 10-K”) and subsequent periodic and or current reports filed with the Securities and Exchange Commission.

The forward-looking statements contained in this press release are based on assumptions that we have made in light of our industry experience and our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. As you read and consider this press release, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond our control) and assumptions. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual operating and financial performance and cause our performance to differ materially from the performance expressed in or implied by the forward-looking statements. We believe these factors include, but are not limited to, the following: the restrictions and covenants imposed upon us by our credit facilities; our ability to secure additional financing to meet our capital needs; any significant fluctuations caused by our high customer concentration; risks related to non-payment by our clients; reputational and other harms caused by our failure to detect advertising fraud; operational and performance issues with our platform, whether real or perceived, including a failure to respond to technological changes or to upgrade our technology systems; restrictions on the use of third-party “cookies,” mobile device IDs or other tracking technologies, which could diminish our platform’s effectiveness; unfavorable publicity and negative public perception about our industry, particularly concerns regarding data privacy and security relating to our industry’s technology and practices, and any perceived failure to comply with laws and industry self-regulation; our failure to manage our growth effectively; the difficulty in identifying and integrating any future acquisitions or strategic investments; any changes or developments in legislative, judicial, regulatory or cultural environments related to information collection, use and processing; challenges related to our buy-side clients that are destination marketing organizations and that operate as public/private partnerships; any strain on our resources or diversion of our management’s attention as a result of being a public company; the intense competition of the digital advertising industry and our ability to effectively compete against current and future competitors; any significant inadvertent disclosure or breach of confidential and/or personal information we hold, or of the security of our or our customers’, suppliers’ or other partners’ computer systems; as a holding company, we depend on distributions from Direct Digital Holdings, LLC (“DDH LLC”) to pay our taxes, expenses (including payments under the Tax Receivable Agreement) and any amount of any dividends we may pay to the holders of our common stock; the fact that DDH LLC is controlled by DDM, whose interest may differ from those of our public stockholders; any risks associated with the material weakness that was identified in our review of internal control over financial reporting as of December 31, 2022; any failure by us to maintain or implement effective internal controls or to detect fraud; our ability to complete the audit of our financial statements for the fiscal year ended December 31, 2023; and other factors and assumptions discussed in our Form 10-K and subsequent periodic and current reports we may file with the SEC. Should one or more of these risks or uncertainties materialize, or should any of these assumptions prove to be incorrect, our actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and except as required by law, we undertake no obligation to update any forward-looking statement contained in this press release to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors that could cause our business not to develop as we expect emerge from time to time, and it is not possible for us to predict all of them. Further, we cannot assess the impact of each currently known or new factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Contacts:

Investors:
Brett Milotte, ICR
investors@directdigitalholdings.com   

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SOURCE Direct Digital Holdings

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Waters Integrates Multi-Angle Light Scattering Detectors with Empower Software for Improved Biologics Quality Control and Simplified Regulatory Compliance

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News Summary 

Saves up to six months on compliant software validation in biopharmaceutical quality control.1Reduces analysis time for biotherapeutic peptides and proteins by 20%.2Enhances quality control by providing absolute molecular weight of biologics and avoiding common errors encountered with other techniques.3

MILFORD, Mass., May 13, 2025 /PRNewswire/ — Waters Corporation (NYSE:WAT) today announced that its Empower™ Software now supports biologics data acquisition and quality control (QC) analysis from Multi-Angle Light Scattering (MALS) and differential Refractive Index (RI) instruments in its Wyatt Technology™ Portfolio. This integration expands the scope of critical quality attributes that a biopharmaceutical laboratory can manage using Empower Software. Additionally, this advancement will simplify the process and digital footprint of acquiring and submitting compliant data to regulatory authorities – from biologics development through QC – saving customers up to six months of software validation time.

Empower Software is the industry’s most established and compliant-ready chromatography data system (CDS), widely adopted globally and used to submit data for more than 80% of novel drugs to regulatory authorities.4 The new integration unlocks the ability to use MALS techniques in quality control for biotherapeutics, improving efficiency and Good Manufacturing Practices (GMP) readiness, while reducing end-user training in compliant settings.

“Today’s launch of Empower for Multi-Angle Light Scattering Detectors underscores our commitment from the Wyatt acquisition to integrate advanced analytical technologies into our Empower CDS ecosystem,” said Dr. Udit Batra, President & CEO, Waters Corporation. “Specifically, MALS supported on Empower Software reveals high molecular weight species that are not visible to other detectors – reducing the risk of erroneous results in biotherapeutic quality control. By combining the strengths of compliant software with deep analytical light scattering instrumentation, we are providing customers with a unified solution that enhances productivity and data accuracy – ultimately supporting high-volume QC testing to ensure the safety of life-saving biologic therapies for patients.”

The integration of the DAWN™, miniDAWN™, and OptiLab™ Detectors will enable the measurement of more critical quality attributes of peptides and proteins in a single run, reducing analysis time by 20% and providing earlier insights into the stability, safety, and efficacy of biologics.

“As a Contract Development and Manufacturing Organization (CDMO), we anticipate that MALS on Empower Software will enhance our service offerings,” said William Wittbold, Senior Director of Operations, at Pace Analytical. “The detailed MALS data is essential for understanding complex biotherapeutics. Combined with the reliability of Empower Software, we believe this integration will deliver exceptional value to our customers, ensuring our drug development partners receive the highest quality results.”

The capability to integrate the DAWN, miniDAWN, and OptiLab Detectors with Empower Software will be available for peptide and protein workflows in July 2025. Learn more by visiting our product page

Additional Resources

     –       Learn more about the MALS integration with Empower Software.
     –       Follow and connect with Waters LinkedInTwitter, and Facebook.

ABOUT: Waters Corporation (NYSE:WAT) is a global leader in analytical instruments, separations technologies, and software, serving the life, materials, food, and environmental sciences for over 65 years. Our Company helps ensure the efficacy of medicines, the safety of food and the purity of water, and the quality and sustainability of products used every day. In over 100 countries, our 7,600+ passionate employees collaborate with customers in laboratories, manufacturing sites, and hospitals to accelerate the benefits of pioneering science.

Waters, Empower, DAWN, miniDAWN, OptiLab, and Wyatt Technology are trademarks of Waters Technologies Corporation.

Contact:

Molly Gluck
Head of External Communications
Waters Corporation
molly_gluck@waters.com
Mobile: +1.617.833.8166

1. In a recent survey of 50 MALS users, responding to the question “How long does it typically take you to validate new software in a GxP lab,” the average time was reported as 6 months since it is one software instead of two.

2. In a recent survey of 50 MALS users, responding to the question “How much time, as a percentage of total working time, would you save on average if you could use your primary CDS software (LC software) for MALS data analysis,” the average time saving was reported as 20%.

3. White paper WP1615: “SEC-MALS for absolute biophysical characterization” describes the challenges associated with determining basic physical properties of biologics in solution, and provides examples of how multi-angle light scattering can reduce the occurrence of erroneous results prevalent in relative measurement techniques. MALS provides absolute results from first principles, avoiding errors of relative measures, and is independent of retention time, reference materials, and column interactions.

4. Presented at the J.P. Morgan 43rd Annual Healthcare Conference. According to internal analysis, ~80% of the drugs filed with the FDA, EMA, and China National Medical Products Administration (NMPA) in 2023 were done so using Empower Software. Source: Waters data and estimates.

 

View original content:https://www.prnewswire.com/apac/news-releases/waters-integrates-multi-angle-light-scattering-detectors-with-empower-software-for-improved-biologics-quality-control-and-simplified-regulatory-compliance-302452780.html

SOURCE Waters Corporation

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Razor Labs Launches DataMind AI™ 4.1

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Razor Labs Launches DataMind AI™ 4.1: Unlocking Faster, Smarter Predictive Maintenance for Mining Operations

SYDNEY, May 13, 2025 /PRNewswire/ — Razor Labs (TASE: RZR), a leader in AI-driven predictive maintenance, proudly announces the release of DataMind AI™ Version 4.1. This major update delivers groundbreaking innovations that accelerate real-time decision-making, strengthen diagnostic power, and transform maintenance workflows for mining and industrial teams.

DataMind AI™ 4.1 is built to meet the growing operational demands of heavy industry environments, helping maintenance teams protect critical assets, optimize performance, and reduce unplanned downtime.

“Version 4.1 represents a major leap forward in empowering maintenance teams with the tools they need to act faster, intervene smarter, and achieve operational excellence,” said Raz Roditti, CEO of Razor Labs. “We remain committed to delivering practical, high-impact innovations that transform maintenance strategies across the mining sector.”

“Every feature in Version 4.1 is designed with a singular focus: empowering reliability and maintenance experts to achieve faster insights, better decisions, and earlier interventions,” added Assaf Eden, VP of Product at Razor Labs. “We are pushing the boundaries of predictive maintenance, making it simpler, smarter, and more aligned with real-world operational needs.”

Key Innovations in DataMind AI™ 4.1

Instant Asset Health Insights: Revolutionary Health Status Cards provide immediate visibility into equipment conditions, empowering proactive maintenance actions that prevent costly failures.Streamlined Maintenance Tracking: An enhanced Maintenance Data Table centralizes work orders, asset health, and maintenance scheduling into a single, intuitive hub, simplifying operations across teams.Sharper Asset Prioritization: Powerful Site and Asset Filters enable faster, risk-based targeting of critical assets requiring urgent attention, boosting maintenance efficiency and focus.Faster, Smoother Workflows: A fully upgraded interface accelerates workflows from diagnostics to intervention, reducing operational friction and enabling faster response times.Enhanced Diagnostic Power: A new Oil Report Add-On, developed specifically for reliability experts, strengthens DataMind AI™’s advanced sensor fusion analytics, catching hidden lubrication-related risks before they escalate into costly failures.

DataMind AI™’s predictive insights have already helped leading mining operations prevent equipment failures and optimize asset performance, demonstrating measurable real-world impact.

DataMind AI™ 4.1 will also be showcased at GRX 2025, the global mining event held May 20–25, 2025, in Brisbane, Australia.

About Razor Labs

Razor Labs (TASE: RZR) is a global leader in mining technology, specializing in predictive maintenance solutions that combine advanced AI Sensor Fusion with real-time diagnostics. With operations across Australia, South Africa, the United States, and Colombia, Razor Labs helps critical industries transform asset reliability, efficiency, and safety.

Learn more: www.razor-labs.com
Follow us on LinkedIn: https://www.linkedin.com/company/razor-technologies-inc 

Subscribe to our YouTube Channel: https://www.youtube.com/@RazorLabsAI 

Media Inquiries:
Liel Anisenko, Director of Marketing
Phone: +61.488.860.440
Email: pr@www.razor-labs.com

View original content:https://www.prnewswire.com/apac/news-releases/razor-labs-launches-datamind-ai-4-1–302452716.html

SOURCE Razor Labs

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1Q25 Results: Telefônica Brasil S.A.

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SÃO PAULO, May 12, 2025 /PRNewswire/ — Telefônica Brasil – (B3: VIVT3; NYSE: VIV) announces its results for 1Q25.

Strong operating performance led to robust EBITDA and net income growth.

R$ million

1Q25 

 1Q24

% YoY

Net Operating Revenue

14,390

13,546

6.2

Mobile Services

9,272

8,702

6.5

FTTH

1,899

1,717

10.6

Corporate Data, ICT and Digital Services

1,312

1,132

15.8

Handsets and Electronics

909

881

3.2

Other Revenues¹

999

1,114

(10.3)

Total Costs

(8,687)

(8,269)

5.1

EBITDA

5,704

5,277

8.1

EBITDA Margin

39.6 %

39.0 %

0.7 p.p.

EBITDA AL²

4,376

4,047

8.1

EBITDA AL² Margin

30.4 %

29.9 %

0.5 p.p.

Net Income

1,058

896

18.1

Earnings per Share (EPS)

0.65

0.54

20.3

CAPEX ex-IFRS 16

1,869

1,874

(0.3)

Operating Cash Flow (OpCF)

3,835

3,403

12.7

OpCF Margin

26.7 %

25.1 %

1.5 p.p.

Operating Cash Flow AL (OpCF AL)²

2,508

2,173

15.4

OpCF AL² Margin

17.4 %

16.0 %

1.4 p.p.

Free Cash Flow

2,124

2,380

(10.7)

Total Subscribers (Thousand)

116,127

113,481

2.3

1 Other Revenues include Voice, xDSL, FTTC and IPTV. 2 AL means After Leases.

Net revenue expanded by +6.2% YoY, driven by the strong performance of postpaid (+10.3% YoY) and fiber (+10.6% YoY) revenues. Postpaid’s performance is supported by the increase in the customer base (+7.7% YoY), that ended the quarter with 67.4 million accesses due to significant migrations and the acquisition of new customers. Additionally, the impact of annual price adjustments contributed to the +2.0% YoY increase in postpaid ARPU, excluding M2M and dongles, reaching R$52.2.

Fixed revenue increased +6.2% YoY, supported by strong growth in FTTH (+10.6% YoY) and Corporate Data, ICT, and Digital Services revenues (+15.8% YoY) in 1Q25. Our FTTH network reached 29.6 million homes passed (+10.5% YoY), with 7.2 million homes connected (+12.9% YoY).

EBITDA grew by +8.1% YoY, with a margin of 39.6%, an increase of +0.7 p.p. in the annual comparison. EBITDA AL also expanded by +8.1% YoY, with a margin of 30.4% (+0.5 p.p. YoY).

In 1Q25, Capex totaled R$1,869 million, a decrease of -0.3% YoY, representing 13.0% of revenues (-0.9 p.p. YoY), reflecting the reduction in Capex intensity over net revenue. Investments were directed towards strengthening our 5G network, which is already present in 519 cities (+2.9x YoY), covering 62% of the Brazilian population, and expanding our fiber operation.

Operating Cash Flow totaled R$3,835 million (+12.7% YoY), with a margin of 26.7% (+1.5 p.p. YoY) over net revenue.

Net income attributed to Telefônica Brasil reached R$1,058 million in the quarter, an increase of +18.1% YoY. The remuneration paid to shareholders totaled R$2,576 million by the end of April 2025. Additionally, on July 15, 2025, we will pay R$2,000 million related to the second capital reduction event. The Company has just deliberated an additional R$500 million in interest on equity, totaling R$1,120 million up to May 2025. We committed to distribute to our shareholders an amount equal to or greater than 100% of net income for each fiscal year from 2024 to 2026. In 2024, we met the guidance, with a payout of 105.3% of net income.

TELEFÔNICA BRASIL – Investor Relations

ir.br@telefonica.com 
To download the complete version of the Company’s earnings release, please visit our website: https://ri.telefonica.com.br/en 

View original content:https://www.prnewswire.com/news-releases/1q25-results-telefonica-brasil-sa-302453046.html

SOURCE Telefônica Brasil S.A.

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