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KLA Corporation Reports Fiscal 2025 Second Quarter Results

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Total revenues were $3.08 billion, at the upper end of the guidance range of $2.95 billion +/- $150 million;GAAP diluted EPS was $6.16. Non-GAAP diluted EPS was $8.20, near the upper end of the guidance range. GAAP EPS was impacted by a $239.1 million impairment charge for goodwill and purchased intangible assets, or $1.76 per diluted share.Cash flow from operating activities for the quarter and last twelve months were $849.5 million and $3.65 billion, respectively, and free cash flow was $757.2 million and $3.36 billion, respectively; andCapital returns for the quarter and last twelve months were $876.9 million and $2.88 billion, respectively.

MILPITAS, Calif., Jan. 30, 2025 /PRNewswire/ — KLA Corporation (NASDAQ: KLAC) today announced financial and operating results for its second quarter of fiscal year 2025, which ended on Dec. 31, 2024, and reported GAAP net income of $824.5 million and GAAP net income per diluted share of $6.16 on revenues of $3.08 billion.

“KLA’s December quarter results were above the midpoint of our guidance ranges despite navigating through the business impact of new U.S. government export controls released late in the quarter. These results supported a strong finish to calendar 2024 for KLA highlighted by relative revenue growth outperformance and strong profitability,” said Rick Wallace, president and CEO, KLA Corporation. “The return to growth at the leading-edge continues to gain momentum led by expanding AI and high-performance computing investments. KLA’s differentiated portfolio of solutions aligns exceptionally well in helping enable our customers to navigate increasing technology complexity, growing design starts and larger semiconductor devices in an environment of rising semiconductor demand.”

GAAP Results

Q2 FY 2025

Q1 FY 2025

Q2 FY 2024

Total Revenues

$3,077 million

$2,842 million

$2,487 million

Net Income

$825 million

$946 million

$583 million

Net Income per Diluted Share

$6.16

$7.01

$4.28

Non-GAAP Results

Q2 FY 2025

Q1 FY 2025

Q2 FY 2024

Net Income

$1,098 million

$988 million

$839 million

Net Income per Diluted Share

$8.20

$7.33

$6.16

 

A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements included in this release. KLA will discuss the results for its fiscal year 2025 second quarter, along with its outlook, on a conference call today beginning at 3 p.m. P.T. A webcast of the call will be available at: www.kla.com.

Third Quarter Fiscal 2025 Guidance
The following details our guidance for the third quarter of fiscal 2025 ending in March:

Total revenues is expected to be in a range of $3.0 billion +/- $150 millionGAAP gross margin is expected to be in a range of 60.6% +/- 1.0%Non-GAAP gross margin is expected to be in a range of 62.0% +/- 1.0%GAAP diluted EPS is expected to be in a range of $7.77 +/- $0.60Non-GAAP diluted EPS is expected to be in a range of $8.05 +/- $0.60

For additional details and assumptions underlying our guidance metrics, please see the company’s published Letter to Shareholders, Earnings Slide Presentation and Earnings Infographic on the KLA investor relations website. Such Letter to Shareholders, Earnings Slide Presentation and Earnings Infographic are not incorporated by reference into this earnings release.

About KLA:
KLA Corporation (“KLA”) develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers and reticles, integrated circuits, packaging and printed circuit boards. In close collaboration with leading customers across the globe, our expert teams of physicists, engineers, data scientists and problem-solvers design solutions that move the world forward. Investors and others should note that KLA announces material financial information including SEC filings, press releases, public earnings calls and conference webcasts using an investor relations website (ir.kla.com). Additional information may be found at: www.kla.com

Note Regarding Forward-Looking Statements:
Statements in this press release other than historical facts, such as statements pertaining to total revenues, GAAP and non-GAAP gross margin and GAAP and non-GAAP diluted EPS for the quarter ending March 31, 2025, are forward-looking statements and are subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current information and expectations and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements due to various factors, including, but not limited to: our vulnerability to a weakening in the condition of the financial markets and the global economy; risks related to our international operations; evolving Bureau of Industry and Security of the U.S. Department of Commerce rules and regulations and their impact on our ability to sell products to and provide services to certain customers in China; costly intellectual property disputes that could result in our inability to sell or use the challenged technology; risks related to the legal, regulatory and tax environments in which we conduct our business; increasing attention to environment, social and governance (“ESG”) matters and the resulting costs, risks and impact on our business; unexpected delays, difficulties and expenses in executing against our environmental, climate, diversity and inclusion or other ESG targets, goals and commitments; our ability to attract, retain and motivate key personnel; our vulnerability to disruptions and delays at our third party service providers; cybersecurity threats, cyber incidents affecting our and our business partners’ systems and networks; our inability to access critical information in a timely manner due to system failures; risks related to acquisitions, integrations, strategic alliances or collaborative arrangements; climate change, earthquake, flood or other natural catastrophic events, public health crises such as the COVID-19 pandemic or terrorism and the adverse impact on our business operations; the war between Ukraine and Russia, escalation of hostilities in the Middle East, and the significant military activity in that region; lack of insurance for losses and interruptions caused by terrorists and acts of war, and our self-insurance of certain risks including earthquake risk; risks related to fluctuations in foreign currency exchange rates; risks related to fluctuations in interest rates and the market values of our portfolio investments; risks related to tax and regulatory compliance audits; any change in taxation rules or practices and our effective tax rate; compliance costs with federal securities laws, rules, regulations, NASDAQ requirements, and evolving accounting standards and practices; ongoing changes in the technology industry, and the semiconductor industry in particular, including future growth rates, pricing trends in end-markets, or changes in customer capital spending patterns; our vulnerability to a highly concentrated customer base; the cyclicality of the industries in which we operate; our ability to timely develop new technologies and products that successfully address changes in the industry; risks related to artificial intelligence; our ability to maintain our technology advantage and protect proprietary rights; our ability to compete in the industry; availability and cost of the materials and parts used in the production of our products; our ability to operate our business in accordance with our business plan; risks related to our debt and leveraged capital structure; we may not be able to declare cash dividends at all or in any particular amount; liability to our customers under indemnification provisions if our products fail to operate properly or contain defects or our customers are sued by third parties due to our products; our government funding for research and development is subject to audit, and potential termination or penalties; we may incur significant restructuring charges or other asset impairment charges or inventory write offs; risks related to receivables factoring arrangements and compliance risk of certain settlement agreements with the government; and risks related to the Court of Chancery of the State of Delaware being the sole and exclusive forum for certain actions and proceedings. For other factors that may cause actual results to differ materially from those projected and anticipated in forward-looking statements in this press release, please refer to KLA’s Annual Report on Form 10-K for the year ended June 30, 2024, and other subsequent filings with the Securities and Exchange Commission (including, but not limited to, the risk factors described therein). KLA assumes no obligation to, and does not currently intend to, update these forward-looking statements.

KLA Corporation

Condensed Consolidated Unaudited Balance Sheets

(In thousands)

Dec. 31, 2024

June 30, 2024

ASSETS

Current assets:

Cash and cash equivalents

$             1,838,278

$             1,977,129

Marketable securities

1,942,127

2,526,866

Accounts receivable, net

2,334,977

1,833,041

Inventories

3,046,340

3,034,781

Other current assets

610,882

659,327

          Total current assets

9,772,604

10,031,144

Land, property and equipment, net

1,173,928

1,109,968

Goodwill, net

1,785,297

2,015,726

Deferred income taxes

1,002,169

915,241

Purchased intangible assets, net

548,645

668,764

Other non-current assets

719,053

692,723

Total assets

$           15,001,696

$           15,433,566

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable

$                432,891

$                359,487

Deferred system revenue

1,072,565

985,856

Deferred service revenue

521,424

501,926

Current portion of long-term debt

749,936

Other current liabilities

2,111,378

2,063,569

Total current liabilities

4,138,258

4,660,774

Long-term debt

5,882,387

5,880,199

Deferred tax liabilities

423,626

486,690

Deferred service revenue

333,758

294,460

Other non-current liabilities

639,118

743,115

Total liabilities

11,417,147

12,065,238

Stockholders’ equity:

Common stock and capital in excess of par value

2,346,346

2,280,133

Retained earnings

1,284,589

1,137,270

Accumulated other comprehensive loss

(46,386)

(49,075)

Total stockholders’ equity

3,584,549

3,368,328

Total liabilities and stockholders’ equity

$           15,001,696

$           15,433,566

 

KLA Corporation

Condensed Consolidated Unaudited Statements of Operations

Three Months Ended Dec. 31,

Six Months Ended Dec. 31,

(In thousands, except per share amounts)

2024

2023

2024

2023

Revenues:

Product

$     2,409,462

$     1,921,809

$     4,606,851

$     3,758,473

Service

667,389

564,917

1,311,541

1,125,209

Total revenues

3,076,851

2,486,726

5,918,392

4,883,682

Costs and expenses:

Costs of revenues

1,221,461

976,746

2,368,892

1,923,637

Research and development

346,157

320,418

669,302

631,632

Selling, general and administrative

267,081

237,244

518,123

476,889

Impairment of goodwill and purchased intangible assets

239,100

219,000

239,100

219,000

Interest expense

74,981

74,202

157,152

148,436

Other expense (income), net

(44,458)

(32,154)

(85,393)

(58,893)

Income before income taxes

972,529

691,270

2,051,216

1,542,981

Provision for income taxes

148,002

108,736

280,838

219,072

Net income

$         824,527

$         582,534

$     1,770,378

$     1,323,909

Net income per share

Basic

$               6.18

$               4.30

$             13.24

$               9.74

Diluted

$               6.16

$               4.28

$             13.17

$               9.69

Weighted-average number of shares:

Basic

133,327

135,539

133,730

135,976

Diluted

133,926

136,254

134,415

136,684

 

KLA Corporation

Condensed Consolidated Unaudited Statements of Cash Flows

Three Months Ended Dec. 31,

(In thousands)

2024

2023

Cash flows from operating activities:

Net income

$            824,527

$            582,534

Adjustments to reconcile net income to net cash provided by (used in) operating activities:

Impairment of goodwill and purchased intangible assets

239,100

219,000

Depreciation and amortization

103,922

99,063

Unrealized foreign exchange (gain) loss and other

11,346

(34,346)

Stock-based compensation expense

61,841

48,620

Deferred income taxes

(68,976)

(65,158)

Net gain on sale of assets

(161)

Changes in assets and liabilities, net of assets acquired and liabilities assumed in business acquisitions:

Accounts receivable

(394,604)

(160,265)

Inventories

64,958

(21,189)

Other assets

(90,845)

(104,872)

Accounts payable

67,080

2,692

Deferred system revenue

195,357

218,250

Deferred service revenue

22,927

68,821

Other liabilities

(186,957)

(230,908)

Net cash provided by operating activities

849,515

622,242

Cash flows from investing activities:

Proceeds from sale of assets

161

5,079

Capital expenditures

(92,323)

(76,801)

Purchases of available-for-sale securities

(489,033)

(451,800)

Proceeds from sale of available-for-sale securities

183,097

7,252

Proceeds from maturity of available-for-sale securities

1,010,660

427,128

Purchases of trading securities

(17,276)

(16,049)

Proceeds from sale of trading securities

18,420

16,715

                    Net cash provided by (used in) investing activities

613,706

(88,476)

Cash flows from financing activities:

Repayment of debt

(750,000)

Common stock repurchases

(650,121)

(437,817)

Payment of dividends to stockholders

(226,776)

(196,859)

Issuance of common stock

47,538

48,433

Tax withholding payments related to vested and released restricted stock units

(3,608)

(3,005)

Contingent consideration payable and other, net

(1,676)

                  Net cash used in financing activities

(1,582,967)

(590,924)

Effect of exchange rate changes on cash and cash equivalents

(19,178)

10,642

Net decrease in cash and cash equivalents

(138,924)

(46,516)

Cash and cash equivalents at beginning of period

1,977,202

1,711,570

Cash and cash equivalents at end of period

$         1,838,278

$         1,665,054

Supplemental cash flow disclosures:

Income taxes paid, net

$            361,833

$            506,046

Interest paid

$              25,059

$              24,818

Non-cash activities:

Contingent consideration payable – financing activities

$                    —

$                  155

Dividends payable – financing activities

$                2,104

$                2,132

Unsettled common stock repurchase – financing activities

$                5,500

$              10,999

Accrued purchase of land, property and equipment – investing activities

$              11,354

$              18,312

 

KLA Corporation

Segment Information (Unaudited)

The following is a summary of results for each of our three reportable segments and reconciliations to total revenues for the indicated periods:

Three Months Ended Dec. 31,

Six Months Ended Dec. 31,

(In thousands)

2024

2023

2024

2023

Revenues:

Semiconductor Process Control

$     2,755,743

$     2,194,079

$     5,330,894

$     4,329,557

Specialty Semiconductor Process

160,407

150,065

288,741

276,784

PCB and Component Inspection

161,080

143,032

299,063

279,075

Total revenues for reportable segments

3,077,230

2,487,176

5,918,698

4,885,416

Corporate allocations and effects of changes in foreign currency exchange rates

(379)

(450)

(306)

(1,734)

Total revenues

$     3,076,851

$     2,486,726

$     5,918,392

$     4,883,682

 

KLA Corporation

Condensed Consolidated Unaudited Supplemental Information

Reconciliation of GAAP Net Income to Non-GAAP Net Income 

Three Months Ended

Six Months Ended

(In thousands, except per share amounts)

Dec. 31,
2024

Sept. 30,
2024

Dec. 31,
2023

Dec. 31,
2024

Dec. 31,
2023

GAAP net income

$      824,527

$      945,851

$      582,534

$  1,770,378

$  1,323,909

Adjustments to reconcile GAAP net income to non-GAAP net income:

Acquisition-related charges

a

58,656

56,694

59,307

115,350

122,551

Restructuring, severance and other charges

b

2,133

2,862

1,270

4,995

1,270

Impairment of goodwill and purchased intangible assets

c

239,100

219,000

239,100

219,000

Income tax effect of non-GAAP adjustments

d

(23,160)

(19,486)

(22,806)

(42,646)

(43,205)

Discrete tax items

e

(2,812)

2,233

(103)

(579)

2,152

Non-GAAP net income

$  1,098,444

$      988,154

$      839,202

$  2,086,598

$  1,625,677

GAAP net income per diluted share

$            6.16

$            7.01

$            4.28

$          13.17

$            9.69

Non-GAAP net income per diluted share

$            8.20

$            7.33

$            6.16

$          15.52

$          11.89

Shares used in diluted net income per share calculation

133,926

134,858

136,254

134,415

136,684

 

Pre-tax Impact of GAAP to Non-GAAP Adjustments Included in Condensed Consolidated Unaudited Statements of Operations 

(In thousands)

Acquisition –
Related
Charges

Restructuring,
Severance and
Other Charges

Goodwill and
Purchased
Intangible
Asset
Impairment

Total Pre-tax GAAP
to Non-GAAP
Adjustments

Three Months Ended Dec. 31, 2024

Costs of revenues

$        43,348

$              429

$                —

$                43,777

Research and development

2,994

1,166

4,160

Selling, general and administrative

12,314

538

12,852

Impairment of goodwill and purchased intangible assets

239,100

239,100

Total in three months ended Dec. 31, 2024

$        58,656

$          2,133

$      239,100

$              299,889

Three Months Ended Sept. 30, 2024

Costs of revenues

$        44,090

$              901

$                —

$                44,991

Research and development

1,087

1,087

Selling, general and administrative

12,604

874

13,478

Total in three months ended Sept. 30, 2024

$        56,694

$          2,862

$                —

$                59,556

Three Months Ended Dec. 31, 2023

Costs of revenues

$        46,078

$              467

$                —

$                46,545

Research and development

417

417

Selling, general and administrative

13,229

386

13,615

Impairment of goodwill and purchased intangible assets

219,000

219,000

Total in three months ended Dec. 31, 2023

$        59,307

$          1,270

$      219,000

$              279,577

 

Free Cash Flow Reconciliation 

Three Months Ended Dec. 31,

Twelve Months Ended Dec. 31,

(In thousands)

2024

2023

2024

2023

Net cash provided by operating activities

$          849,515

$          622,242

$      3,647,346

$      3,475,952

Capital expenditures

(92,323)

(76,801)

(285,254)

(308,443)

Free cash flow

$          757,192

$          545,441

$      3,362,092

$      3,167,509

 

Capital Returns Calculation 

Three Months Ended Dec. 31,

Twelve Months Ended Dec. 31,

(In thousands)

2024

2023

2024

2023

Payments of dividends to stockholders

$          226,776

$          196,859

$          819,530

$          738,730

Common stock repurchases

650,121

437,817

2,060,021

1,760,240

Capital returns

$          876,897

$          634,676

$      2,879,551

$      2,498,970

 

Third Quarter Fiscal 2025 Guidance

Reconciliation of GAAP Diluted EPS to Non-GAAP Diluted EPS

Three Months Ending March 31, 2025

(In millions, except per share amounts)

Low

High

GAAP net income per diluted share

$7.17

$8.37

Acquisition-related charges

a

0.40

0.40

Restructuring, severance and other charges

b

0.02

0.02

Income tax effect of non-GAAP adjustments

d

(.14)

(.14)

Non-GAAP net income per diluted share

$7.45

$8.65

Shares used in net income per diluted share calculation

133.3

133.3

 

Reconciliation of GAAP Gross Margin to Non-GAAP Gross Margin

Three Months Ending March 31, 2025

Low

High

GAAP gross margin

59.6 %

61.6 %

Acquisition-related charges

a

1.4 %

1.4 %

Non-GAAP gross margin

61.0 %

63.0 %

 

The non-GAAP and supplemental information provided in this press release is a supplement to, and not a substitute for, KLA’s financial results presented in accordance with United States GAAP.

To supplement our Condensed Consolidated Financial Statements presented in accordance with GAAP, we provide certain non-GAAP financial information, which is adjusted from results based on GAAP to exclude certain gains, costs and expenses, as well as other supplemental information. The non-GAAP and supplemental information is provided to enhance the user’s overall understanding of our operating performance and our prospects in the future. Specifically, we believe that the non-GAAP information, including non-GAAP net income, non-GAAP net income per diluted share, non-GAAP gross margin and free cash flow, provides useful measures to both management and investors regarding financial and business trends relating to our financial performance by excluding certain costs and expenses that we believe are not indicative of our core operating results to help investors compare our operating performances with our results in prior periods as well as with the performance of other companies. The non-GAAP information is among the budgeting and planning tools that management uses for future forecasting. However, because there are no standardized or generally accepted definitions for most non-GAAP financial metrics, definitions of non-GAAP financial metrics are inherently subject to significant discretion (for example, determining which costs and expenses to exclude when calculating such a metric). As a result, non-GAAP financial metrics may be defined very differently from company to company, or even from period to period within the same company, which can potentially limit the usefulness of such information to an investor. The presentation of non-GAAP and supplemental information is not meant to be considered in isolation or as a substitute for results prepared and presented in accordance with United States GAAP. The following are descriptions of the adjustments made to reconcile GAAP net income to non-GAAP net income:

a.

Acquisition-related charges primarily include amortization of intangible assets and write-offs due to abandonment of in-process research and development projects. Although we exclude the effect of amortization of all acquired intangible assets from these non-GAAP financial measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase price accounting arising from acquisitions, and such amortization of intangible assets related to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Investors should note that the use of these intangible assets contributed to our revenues earned during the periods presented and are expected to contribute to our future period revenues as well.

b.

Restructuring, severance and other charges primarily include costs associated with employee severance.

c.

Impairment of goodwill and purchased intangible assets in the three and six months ended Dec. 31, 2024 as well as the three and six months ended Dec. 31, 2023 included non-cash expense recognized as a result of the company’s testing for goodwill impairment and long-lived assets impairment. The impairment charge in fiscal 2024 resulted from the downward revision of financial outlook for our PCB and Display reporting units. The impairment charge in fiscal 2025 resulted from the continued deterioration of the long-term forecast for our PCB business. Management believes that it is appropriate to exclude these impairment charges as they are not indicative of ongoing operating results and therefore limit comparability. Management also believes excluding this item helps investors compare our operating performance with our results in prior periods as well as with the performance of other companies.

d.

Income tax effect of non-GAAP adjustments includes the income tax effects of the excluded items noted above.

e.

Discrete tax items in the three and six months ended Dec. 31, 2024 include the recognition of a deferred tax asset on foreign currency gains/losses resulting from new tax legislation. Discrete tax items in the three and six months ended Dec. 31, 2023 included a one-time tax benefit resulting from changes made to our international structure to better align ownership of certain intellectual property rights with how our business operates. Discrete tax items in all periods presented included a tax impact relating to the amortization of the aforementioned tax benefit or similar tax benefits recorded in other periods.

 

View original content:https://www.prnewswire.com/news-releases/kla-corporation-reports-fiscal-2025-second-quarter-results-302364726.html

SOURCE KLA Corporation

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Technology

From Remote Racing to Embodied AI: Fibocom and Intedigo Bring 5G Bidirectional Data Transmission into Real-World Applications

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SHANGHAI, July 18, 2026 /PRNewswire/ — From July 17 to 20, Fibocom and Intedigo will jointly present a cross-regional, beyond-visual-line-of-sight (BVLOS) teleoperation demonstration at Booth H3-C408 during the World Artificial Intelligence Conference (WAIC) 2026. Visitors will be able to enter a remote driving cockpit and control a real race car located at HURA PARK in Jiading, Shanghai, steering, accelerating, and braking in real time while experiencing how 5G connectivity enables remote operation.

More than an immersive driving experience, the demonstration provides a live validation of 5G bidirectional data transmission for embodied AI teleoperation. The vehicle continuously sends live track video, vehicle status, and operating data to the remote cockpit, while control commands are transmitted back to the vehicle, creating a closed-loop teleoperation system. Stable, low-latency, and highly reliable connectivity is essential for high-dynamic maneuvers such as high-speed cornering, precision braking, and continuous lane changes.

Developed by Intedigo, the remote driving system connects a real race car with an immersive remote driving cockpit. It supports 1080p@60Hz video transmission, glass-to-glass (G2G) video latency of less than 80 ms, and control latency of less than 10 ms. The demanding racing environment magnifies differences in video continuity and control responsiveness, making communications performance directly perceptible, measurable, and verifiable.

At the joint demonstration, Fibocom’s FM160 5G module provides cellular connectivity for the system. Powered by the Qualcomm Snapdragon™ X62 5G Modem-RF System, the FM160 supports SA and NSA network architectures as well as 3GPP Release 16. On the downlink, it supports NR Carrier Aggregation (NR CA) with bandwidth of up to 120 MHz, delivering peak speeds of up to 3.5 Gbps in NSA mode and 2.5 Gbps in SA mode. On the uplink, it supports UL MIMO and delivers peak speeds of up to 900 Mbps in SA mode. These capabilities support the continuous transmission of HD video and vehicle status data, along with reliable delivery of control commands.

As embodied AI moves into factories, data centers, logistics operations, and industrial parks, robots are becoming increasingly capable of performing tasks autonomously. Yet complex environments, unexpected events, and edge cases still require Human-in-the-Loop (HITL) remote intervention to help ensure safe and reliable operation.

Daniel Liu, CEO of Intedigo, said:

“5G represents the pinnacle of human communications and the starting point of machine communications. In the past, communications connected people to people; in the future, they will connect people to robots and robots to robots. Remote racing is simply the easiest entry point for people to understand this concept. What we are truly validating is a communications system capable of supporting remote collaboration for embodied AI. HURA makes low-latency remote driving a tangible experience, while RoBOX extends this capability to robots and a broader range of intelligent terminals. Together with Fibocom, we hope to enable more machines to receive remote assistance whenever needed while remaining continuously connected and operating reliably.”

Simon Tao, VP of Wireless Solutions Business Group and General Manager of MBB BU at Fibocom, said:

“As embodied AI enters real-world industrial environments, reliable connectivity will become the foundation for telemetry feedback, remote control and operational management. Fibocom’s 5G solutions, represented by FM160, provide the cellular connectivity required for continuous on-site data transmission and reliable control command delivery. Fibocom will continue collaborating with ecosystem partners such as Intedigo to bring cellular connectivity to more robots, autonomous machines and mobile intelligent terminals, enabling embodied AI systems to stay continuously connected and respond reliably in real-world applications.”

From remote race cars to robots, unmanned equipment, and mobile intelligent terminals, 5G is evolving from connecting people to connecting machines. This joint demonstration makes the capabilities of 5G bidirectional data transmission directly perceptible, experiential, and verifiable, helping pave the way for embodied AI to scale across real-world applications.
 

About Fibocom

Fibocom, founded in 1999, is China’s first wireless communication module company listed on both the A-share and H-share markets (300638.SZ, 0638.HK). As a global leading provider of wireless communication modules and AI solutions, Fibocom leverages wireless communication and artificial intelligence as its core technologies to provide integrated hardware and software solutions that empower industry applications. These solutions accelerate the transformation from “Connect Everything” to “Intelligent Connectivity” across diverse industries.

Fibocom’s one-stop solutions encompass cellular communication, AI, automotive, and GNSS modules, as well as AI toolchains, supporting industry-side and mainstream large model integration, and providing AI Agent, global connectivity, and cloud services, driving the digital intelligence upgrades in industries such as robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy.

View original content to download multimedia:https://www.prnewswire.com/news-releases/from-remote-racing-to-embodied-ai-fibocom-and-intedigo-bring-5g-bidirectional-data-transmission-into-real-world-applications-302828996.html

SOURCE Fibocom Wireless Inc.

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DR. PHONE FIX ANNOUNCES SECOND TRANCHE CLOSING OF NON-BROKERED CONVERTIBLE DEBENTURE UNIT FINANCING

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

EDMONTON, AB, July 18, 2026 /CNW/ — Dr. Phone Fix Canada Corporation (“Dr. Phone Fix” or the “Company”) (TSXV: DPF) is pleased to announce that, further to its news release dated May 19, 2026 and June 24, 2026 (the “Prior News Releases”), it has closed the second tranche of its non-brokered private placement (the “Offering”) of convertible debenture units of the Company (each, a “Unit”). The Company issued 726 Units, at a price of $1,000 per Unit, for aggregate gross proceeds of $726,000. Each Unit is comprised of (i) one $1,000 principal amount unsecured convertible debenture of the Company (a “Convertible Debenture”) and (ii) 3,125 common share (“Common Share”) purchase warrants of the Company (each, a “Warrant”). Additional detail on the Offering, including terms of the Convertible Debentures and Warrants, is set out in the Prior News Releases.

In connection with the Offering, the Company paid a finder’s fee consisting of an aggregate cash fee of $50,820 and issued an aggregate of 317,625 common share purchase warrants of the Company (each, a “Finder’s Warrant”) to certain qualified arm’s length parties. Each Finder’s Warrant is exercisable to acquire one Common Share of the Company at an exercise price of $0.22 prior to the date that is 24 months from the date of issuance.

All securities issued pursuant to the Offering, including any Common Shares issuable upon conversion of the Convertible Debentures or exercise of the Warrants and Finder’s Warrants, are subject to a statutory hold period of four months and one day from the closing of the Offering, in accordance with applicable securities laws and TSX Venture Exchange (the “TSXV”) policies. 

The Offering remains subject to final acceptance of the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

About Dr. Phone Fix

Dr. Phone Fix is a national, award-winning, eco-friendly, and customer-centric leader in Canada’s cell phone and electronics repair and certified pre-owned device industry. Founded in 2019, the Company now operates 44 retail locations nationwide through a standardized and scalable operating platform designed to support consistent execution across multiple markets, delivering fast, reliable, and environmentally conscious repair services alongside a curated selection of certified pre-owned devices and premium accessories. Dr. Phone Fix maintains strong partnerships with OEMs and certified suppliers, ensuring consistently high-quality standards across its national footprint. With a focus on responsible device lifecycle management, customer service, and operational discipline, Dr. Phone Fix continues to set the benchmark for device care and resale in Canada.

www.docphonefix.com

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Forward-Looking Information and Cautionary Statements

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the final acceptance of the Offering by the TSXV; and the expected use of proceeds following the closing of the Offering. Forward-looking information in this news release is based on certain assumptions and expected future events, namely: the Company’s financial condition and development plans do not change as a result of unforeseen events; the TSXV will provide its final acceptance of the Offering; and the Company will be able to obtain the financing required in order to develop and continue its business and operations. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to obtain TSXV final acceptance for the Offering; the potential failure to complete the balance of the Offering or to raise the full anticipated gross proceeds; market conditions and investor demand for the Company’s securities; the Company’s inability to deploy the proceeds as currently intended; and general economic and market conditions. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

 

SOURCE Dr. Phone Fix

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Football Tournament Season Sparks Global Social Connection Surge as 3Fun Reports Growth Across Key Markets

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NEW YORK, July 18, 2026 /PRNewswire/ — As the World Cup enters its final stage and fans celebrate across the globe, new data from 3Fun, the leading dating app for open-minded singles and partners, reveals that the World Cup’s impact extends far beyond the stadium. The tournament has ignited a massive surge in global social activity, with users increasingly turning to the platform to translate sporting euphoria into personal connections.

The “Celebratory Intimacy” Effect: Why Winning Drives Matching

Psychological research has long suggested that major sports victories do more than just boost national pride; they influence human biology and intimacy. Studies indicate that watching a favorite team win can temporarily elevate testosterone levels in fans, leading to a surge in sexual desire and “celebratory intimacy”. This theory is vividly reflected in 3Fun’s latest performance metrics.

Compared with the previous 20-day period, 3Fun saw a 6.13% increase in Daily Active Users (DAU) during the peak of the World Cup season (June 23 – July 12), adding more than 275,000 active participants. The platform’s “heat” was further evidenced by an additional 446,491 messages sent, while the user match rate jumped by 5.71%, resulting in nearly 50,000 new connections.

Spain and Argentina Lead the “Lust for Victory”

The data shows a direct correlation between success on the pitch and activity on 3Fun. Nations with deep football cultures and strong tournament performances saw the highest growth:

Spain: Witnessed a staggering 37.56% surge in new users.Argentina: Followed with a 26.62% increase.France & Mexico: Saw growth rates of 25.44% and 21.42% respectively.

In the U.S., cities like Houston (+8.98%) and New York (+7.45%) led the way. This trend aligns with a broader cultural shift: recent 3Fun data reveals that 69% of Americans report a growing interest in non-traditional relationships, with 77% of seekers preferring dating apps to find compatible partners.

Digital Jet-Setting: 3Fun’s “Roaming” Feature Becomes a Fan Favorite

While millions traveled for the games, many more “traveled” virtually. 3Fun’s new Roaming feature, currently in gray-scale testing, allows users to explore connections beyond their current location by virtually discovering communities in other cities.

The top 10 “Roaming” destinations during the Football Tournament  season reveal where the world’s social interest was concentrated:

Sao Paulo, Brazil (17.35% of total roaming volume)New York, USA (14.82%)Las Vegas, USA (11.37%)Los Angeles, USA (11.19%)London, UK (9.89%)Rio de Janeiro, Brazil (7.40%)Houston, USA (7.36%)Dallas, USA (7.18%)Miami, USA (6.85%)Chicago, USA (6.60%).

The dominance of Brazilian cities like Sao Paulo and Rio de Janeiro highlights a “digital pilgrimage” to the spiritual home of football, where users sought to connect with the local energy and like-minded fans.

3Fun Insight: Connection Beyond the Game

“Major global events like the World Cup bring people together far beyond the borders of the pitch,” said Daniel Morgan, 3Fun’s Director of Social Trends. “Our data shows that users aren’t just looking for scores; they are looking for meaningful, shared experiences. Whether through virtual roaming or local matching, these events create unique windows for people to explore their desires in a safe, celebratory, and inclusive community”.

Daniel further noted, “With 72% of users noticing growing acceptance of diverse relationship styles, global sports events such as the World Cup represent a moment when people feel more open to meeting others and exploring new forms of connection”.

About 3Fun: With over 10 million downloads and 3 million verified active users worldwide, 3Fun is the leading dating app for open-minded singles and partners to meet like-minded people. The platform provides a safe and inclusive space to explore ethical open relationships and polyamory, fostering community and connection without judgment. 

Disclaimer: 3Fun is not affiliated with, endorsed by, or sponsored by FIFA, the World Cup, or any official World Cup organizing body. All references to the tournament are descriptive or for informational and topical context only.

View original content:https://www.prnewswire.com/news-releases/football-tournament-season-sparks-global-social-connection-surge-as-3fun-reports-growth-across-key-markets-302828995.html

SOURCE 3Fun

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