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TAT Technologies Grows Revenue by 34%, Net Income by 139%, and Adjusted EBITDA by 67% for the full year of 2024

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Company Delivers 9th Consecutive Quarter of Expanding Revenues

NETANYA, Israel, March 26, 2025 /PRNewswire/ — TAT Technologies Ltd. (TASE: TAT Tech) (NASDAQ: TATT) (“TAT” or the “Company”), a leading provider of products and services to the commercial and military aerospace and ground defense industries, today reported its unaudited results for the three and 12 months ended December 31, 2024 (Q4’24).

Financial Highlights for the 12 Months Ended December 31, 2024:

Revenue increased by 34% to $152.1 million, compared to $113.8 million for the same period in 2023.Gross profit increased by 47% to $33 million (21.7% of revenue) up from $22.5 million (19.7% of revenues) in the prior year.Net lncome increased by 139% to $11.2 million, or $1.0 per diluted share, compared to $4.7 million, or $0.51 per diluted share, in 2023.Adjusted EBITDA increased by 67% to $18.6 million, compared to $11.1 million in the prior year.Cash flow from operations was negative ($5.8) million compared to a positive $2.3 million in 2023.

Mr. Igal Zamir, CEO and President of TAT Technologies commented: “TAT Technologies continues to deliver solid execution, marking our ninth consecutive quarter of revenue growth and improved profitability. This positive momentum reflects the early impact of the strategic growth engines introduced over the past years, which we believe will continue to drive our results in the years ahead.”

“In the fourth quarter, we launched our strategic ‘Customer First’ initiative, which is our key goal for 2025,” continued Mr. Zamir. “Our commitment is to deliver exceptional customer service and best-in-class performance, even as the industry continues to face supply chain challenges. As part of this effort, we strategically increased our parts and rotatable inventory in areas where the supply chain is unstable, anticipating continued revenue growth in 2025. While this investment in inventory had a negative effect on our operational cash flow, it positions us to mitigate supply chain risks as we move forward”.

“Also in the fourth quarter, TAT won contracts and new orders totaling $47 million, increasing our backlog to a record high of $429 million, and validating our continued confidence in the company’s growth trajectory,” added Mr. Zamir.

“In 2024, we expanded our engagement with the US and Israeli investors community, which contributed to a successful $10 million overnight capital raise and a 153% increase in our share price. We remain optimistic about the outlook for 2025. In addition to pursuing continued revenue growth, we are advancing several initiatives to improve our operational efficiency and our cost structure, which we expect to begin delivering results during 2025″. 

Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with GAAP, the Company also presents Adjusted EBITDA.  The adjustments to the Company’s GAAP results are made with the intent of providing both management and investors a more complete understanding of the Company’s underlying operational results, trends and performance. Adjusted EBITDA is calculated as net income excluding the impact of: the Company’s share in results of affiliated companies, share-based compensation, taxes on income, financial (expenses) income, net, and depreciation and amortization. Adjusted EBITDA, however, should not be considered as alternative to net income and operating income for the period and may not be indicative of the historic operating results of the Company; nor it is meant to be predictive of potential future results. Adjusted EBITDA is not measure of financial performance under generally accepted accounting principles and may not be comparable to other similarly titled measures for other companies. See reconciliation of Adjusted EBITDA in pages 13 below.

Investor Call Information

TAT Technologies will host two webcasts to review its financial results and provide a business update, on Thursday, March 27, 2025, at 7:30 a.m. ET a call in Hebrew, followed by an additional call at 8:30 a.m. ET in English. Interested investors can register for the webcast at the links below or visit the investor relations section of the Company’s website at https://tat-technologies.com/investors/. 

Conference call in EnglishConference call in Hebrew

About TAT Technologies LTD

TAT Technologies Ltd. is a leading provider of services and products to the commercial and military aerospace and ground defense industries. TAT operates under four segments: (i) Original equipment manufacturing (“OEM”) of heat transfer solutions and aviation accessories through its Gedera facility; (ii) MRO services for heat transfer components and OEM of heat transfer solutions through its Limco subsidiary; (iii) MRO services for aviation components through its Piedmont subsidiary; and (iv) Overhaul and coating of jet engine components through its Turbochrome subsidiary. TAT controlling shareholders is the FIMI Private Equity Fund.

TAT’s activities in the area of OEM of heat transfer solutions and aviation accessories primarily include the design, development and manufacture of (i) broad range of heat transfer solutions, such as pre-coolers heat exchangers and oil/fuel hydraulic heat exchangers, used in mechanical and electronic systems on board commercial, military and business aircraft; (ii) environmental control and power electronics cooling systems installed on board aircraft in and ground applications; and (iii) a variety of other mechanical aircraft accessories and systems such as pumps, valves, and turbine power units.

TAT’s activities in the area of MRO Services for heat transfer components and OEM of heat transfer solutions primarily include the MRO of heat transfer components and to a lesser extent, the manufacturing of certain heat transfer solutions. TAT’s Limco subsidiary operates an FAA-certified repair station, which provides heat transfer MRO services for airlines, air cargo carriers, maintenance service centers and the military.

TAT’s activities in the area of MRO services for aviation components include the MRO of APUs, landing gears and other aircraft components. TAT’s Piedmont subsidiary operates an FAA-certified repair station, which provides aircraft component MRO services for airlines, air cargo carriers, maintenance service centers and the military.

TAT’s activities in the area of overhaul and coating of jet engine components includes the overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps.

For more information of TAT Technologies Ltd., please visit our website:  www.tat-technologies.com

Contact:
Mr. Eran Yunger
Director of IR
erany@tat-technologies.com

 

 

TAT TECHNOLOGIES LTD.

CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands

December 31,

2024

2023

ASSETS

CURRENT ASSETS:

   Cash and cash equivalents

$       7,129

$       15,979

   Accounts receivable, net of allowance for credit losses of $400
   and $345 thousand as of December 31, 2024 and 2023 respectively

29,697

20,009

   Restricted deposit

–

661

   Other current assets and prepaid expenses

7,848

6,397

   Inventory

68,540

51,280

   Total current assets

113,214

94,326

NON-CURRENT ASSETS:

   Restricted deposit

305

302

   Investment in affiliates

2,901

2,168

   Funds in respect of employee rights upon retirement

654

664

   Deferred income taxes

877

994

Property, plant and equipment, net

41,576

42,554

Operating lease right of use assets

2,282

2,746

Intangible assets, net

1,553

1,823

    Total non-current assets

50,148

51,251

   Total assets

163,362

145,577

 

 

TAT TECHNOLOGIES LTD. 

CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands

December 31,

2024

2023

LIABILITIES AND SHAREHOLDERS ‘EQUITY

CURRENT LIABILITIES:

  Current maturities of long-term loans

$          2,083

$          2,200

  Short term loans

4,350

12,138

   Accounts payable

12,158

9,988

   Accrued expenses and other

18,594

13,952

   Current maturities of operating lease liabilities

939

1,033

   Total current liabilities

38,124

39,311

NON-CURRENT LIABILITIES:

   Long-term loans

10,938

12,886

   Liability in respect of employee rights upon retirement

986

1,000

   Operating lease liabilities

1,345

1,697

   Total non-current liabilities

13,269

15,583

COMMITMENTS AND CONTINGENCIES (NOTE 11)

Total liabilities

51,393

54,894

SHAREHOLDERS ‘EQUITY:

Ordinary shares of NIS 0 par value and NIS 0.9 par value
at December 31, 2024 and at December 31, 2023
respectively:

Authorized: 13,000,000 shares at December 31, 2024
and at December 31, 2023; Issued: 11,214,831 and
10,377,085 shares at December 31, 2024 and at
December 31, 2023 respectively; Outstanding:
10,940,358 and 10,102,612 shares at
December 31, 2024 and at December 31, 2023
respectively

–

3,140

Additional paid-in capital

89,697

76,335

Treasury shares, at cost, 274,473 shares at
December 31, 2024 and 2023

(2,088)

(2,088)

Accumulated other comprehensive income

(76)

27

Retained earnings

24,436

13,269

Total shareholders’ equity

111,969

90,683

Total liabilities and shareholders’ equity

163,362

145,577

 

 

TAT TECHNOLOGIES LTD.

CONSOLIDATED STATEMENTS OF OPERATIONS

U.S. dollars in thousands

Year ended December 31,

2024

2023

2022

Revenue:

Products

$    47,710

$    35,241

$   25,460

Services

104,406

78,553

59,096

152,116

113,794

84,556

Cost of revenue, net:

Products

33,986

30,517

21,631

Services

85,116

60,809

46,997

119,102

91,326

68,628

Gross profit

33,014

22,468

15,928

Operating expenses:

Research and development, net

1,248

715

479

Selling and marketing, net

7,746

5,523

5,629

General and administrative, net

11,901

10,588

9,970

Other income

(383)

(433)

(90)

Restructuring expenses, net

–

1,715

20,512

16,393

17,703

Operating income (loss)

12,502

6,075

(1,775)

Interest expenses

(1,472)

(1,683)

(902)

Other financial income (expenses), net

(477)

353

1,029

Income profit (loss) before taxes on income

10,553

4,745

(1,648)

Taxes on income

195

576

98

Profit (Loss) before share of equity investment

10,358

4,169

(1,746)

Share in profit of equity investment of affiliated companies

809

503

184

Net income (loss)

$    11,167

$    4,672

$    (1,562)

 

 

TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

U.S. dollars in thousands, except share and per share data

Year ended December 31,

2024

2023

2022

Net income (loss)

$    11,167

$    4,672

$  (1,562)

Net income (loss) per share basic

$     1.08

$     0.52

$    (0.175)

Net income (loss) per share diluted

$     1.00

$     0.51

$    (0.175)

Weighted average number of shares outstanding:

10,363,978

8,961,689

8,911,546

Basic

 Diluted

11,215,827

9,084,022

8,911,546

 

 

TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

U.S. dollars in thousands

Year ended December 31,

2024

2023

2022

Net income (loss)

$    11,167

$     4,672

$      (1,562)

Other comprehensive income (loss), net

Net unrealized gains (losses) from derivatives

(27)

53

(89)

Change in foreign currency translation

Adjustments

(76)

–

–

Reclassification adjustments for loss from derivatives included in net income

–

–

30

Total other comprehensive income (loss)

(103)

53

(59)

 

Total comprehensive income (loss)

$    11,064

$     4,725

$     (1,621)

 

 

TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY

U.S. dollars in thousands, except share data

Ordinary shares

Number of
shares issued

Amount

Additional
paid-in
capital

Accumulated
other
comprehensive
income (loss)

Treasury
shares

Retained
earnings

Total equity

BALANCE AT DECEMBER 31, 2021

9,149,169

$            2,809

$       65,871

$            33

$            (2,088)

$          10,159

$            76,784

CHANGES DURING THE YEAR ENDED DECEMBER 31, 2022:

Comprehensive income

(59)

–

(1,562)

(1,621)

Exercise of Options

36,850

33

156

189

Share based compensation

218

218

BALANCE AT DECEMBER 31, 2022

9,186,019

$            2,842

$       66,245

$           (26)

$            (2,088)

$            8,597

$            75,570

CHANGES DURING THE YEAR ENDED DECEMBER 31, 2023:

Comprehensive income

–

–

–

53

–

4,672

4,725

Exercise of Options

32,466

8

157

–

–

165

Issuance of common shares net of issuance costs of $141  thousands

1,158,600

290

9,774

–

–

10,064

Share based compensation

159

–

–

159

BALANCE AT DECEMBER 31, 2023

10,377,085

$            3,140

$     76,335

$              27

$            (2,088)

$          13,269

$            90,683

CHANGES DURING THE YEAR ENDED DECEMBER 31, 2024:

Comprehensive income(loss)

–

–

–

(103)

–

11,167

11,064

Exercise of Options

164,406

12

(12)

–

–

–

–

Cancel of shares par value )see note 12a(

(3,152)

3,152

–

–

–

–

Issuance of common shares net of issuance costs of $162 thousands

673,340

–

9,827

–

–

–

9,827

Share based compensation

–

395

–

–

–

395

BALANCE AT DECEMBER 31, 2024

11,214,831

–

$     89,697

$            (76)

$            (2,088)

$           24,436

$        111,969

 

 

TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

U.S. dollars in thousands

Year ended December 31,

2024

2023

2022

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income (loss)

$    11,167

$     4,672

$    (1,562)

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

Depreciation and amortization

5,455

4,710

3,706

Loss (gain) from change in fair value of derivatives

22

(9)

8

Change in funds in respect of employee rights upon retirement

10

116

377

Net change in operating right of use asset and operating lease liability

18

22

(82)

Non cash financial expenses

(187)

(172)

(902)

Decrease in restructuring plan provision

(63)

(126)

(467)

Change in allowance for credit losses

55

(182)

138

Share in results of affiliated companies

(809)

(503)

(184)

Share based compensation

395

159

218

Liability in respect of employee rights upon retirement

(14)

(148)

(356)

Capital gain from sale of property, plant and equipment

(478)

(530)

(90)

Deferred income taxes, net

117

235

23

Changes in operating assets and liabilities:

    Increase in trade accounts receivable

(9,743)

(4,205)

(2,659)

Increase in other current assets and prepaid expenses

(1,473)

(341)

(1,836)

    Increase in inventory

(17,165)

(5,400)

(5,069)

    Increase (decrease) in trade accounts payable

2,170

(245)

1,143

    Increase in accrued expenses and other

4,705

4,202

2,727

Net cash provided by (used in) operating activities from continued operation

$  (5,818)

$      2,255

$      (4,867)

CASH FLOWS FROM INVESTING ACTIVITIES:

Proceeds from sale of property and equipment

1,275

2,002

93

Purchase of property and equipment

(5,126)

(5,102)

(16,213)

Purchase of intangible assets

–

(479)

–

Net cash used in investing activities from continued operations

$   (3,851)

$    (3,579)

$    (16,120)

 

 

TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP)  (UNAUDITED)

U.S. dollars in thousands

Year ended December 31,

2024

2023

2022

CASH FLOWS FROM FINANCING ACTIVITIES:

 Repayments of long-term loans

(2,016)

(1,701)

(1,071)

Net change in short term credit from banks

(7,650)

1,000

–

Proceeds from long-term loans received

–

712

16,680

Proceeds from issuance of common shares, net

9,827

10,064

–

Exercise of options

–

165

189

Net cash provided by financing activities from continued operations

$         161

$      10,240

$     15,798

Net increase (decrease) in cash and cash equivalents and

restricted cash

(9,508)

8,916

(5,189)

Cash and cash equivalents and restricted cash at

beginning of period 

16,942

8,026

13,215

Cash and cash equivalents and restricted cash at end of

period

7,434

16,942

8,026

 

SUPPLEMENTARY INFORMATION ON INVESTING ACTIVITIES NOT INVOLVING CASH FLOW:

Purchase of property, plant and equipment on credit

–

–

196

Additions of operating lease right-of-use assets and operating lease liabilities

983

1,345

318

Reclassification of inventory to property, plant and equipment

155

68

284

Capital contribution to equity method investee

–

–

787

 

Supplemental disclosure of cash flow information:

Interest paid

(1,400)

(1,438)

(796)

Income taxes received (paid), net

$          (39)

$               –

$               –

 

 

TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

 RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP)  (UNAUDITED)

U.S. dollars in thousands

Year ended

December 31,

2024

2023

Net income

$11,167

$4,672

Adjustments:

Share in results and sale of equity

investment of affiliated companies

(809)

(503)

Taxes on income (tax benefit)

195

576

Financial expenses (income), net

1,949

1,330

Depreciation and amortization

5,717

4,902

Share based compensation

395

159

Adjusted EBITDA

$ 18,614

$11,136

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

TAT TECHNOLOGIES LTD.

(Registrant)

By: /s/ Ehud Ben-Yair
Ehud Ben-Yair
Chief Financial Officer

Date: March 26, 2025

 

 

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SOURCE TAT Technologies Ltd

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Purina Films Docuseries A Different Breed Earns Three Daytime Emmy® Award Nominations

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32 minutes ago

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July 21, 2026

By

Emmy®-nominated series celebrates the extraordinary bond between people and pets through the world of canine competition

ST. LOUIS, July 21, 2026 /PRNewswire/ — When pet lovers see the human-pet bond in action, it creates connection and deepens the appreciation they have for the animals in their own lives. That connection recently led Purina to dive deeper into the world of canine competition through a docuseries that is now receiving critical acclaim. Today, Purina is celebrating three Daytime Emmy® Award nominations for A Different Breed, its original nine-episode documentary series produced through Purina Films in partnership with InkBlot Narratives and WPP Media, including recognition for Outstanding Lifestyle Program, Outstanding Editing and Outstanding Directing.

The Daytime Emmy® Awards recognize excellence in daytime television and streaming programming across lifestyle, documentary, instructional, travel, culinary and children’s content. A Different Breed is nominated alongside productions from some of the entertainment industry’s leading studios, networks and streaming platforms.

Streaming on Prime Video, A Different Breed follows 18 teams on the road to the Purina Pro Plan Incredible Dog Challenge National Finals, putting the spotlight on the competitors, their dogs and the extraordinary relationships that drive them. The series marks an intentional shift from traditional brand-led content toward storytelling that entertains, inspires and fosters meaningful connections – all in new channels and formats that resonate with the viewing habits of today’s consumer.

“The way people discover and engage with content continues to evolve, and we’re evolving with them,” said Andrea Faccio, President and Chief Growth Officer at Purina. “At Purina, we’ve always believed the bond between people and pets is full of inspiring stories. A Different Breed gave us the opportunity to share those stories in a way people actively choose to experience, and we’re incredibly proud to see them recognized alongside some of the industry’s most celebrated programs.”

Through Purina Films, Purina is evolving how it connects with pet lovers taking a more entertainment-led approach to storytelling, creating premium content that highlights the meaningful role pets play in people’s lives. By inviting viewers behind the scenes of the Purina Pro Plan Incredible Dog Challenge and into competitors’ lives and homes, A Different Breed tells the kinds of emotionally rich stories today’s audiences actively seek out.

The backdrop of the series is the Purina Pro Plan Incredible Dog Challenge, a premier canine performance sports competition that has showcased extraordinary canine athletes and their handlers for nearly 30 years. The competition features a variety of events, including high-flying disc routines, agility courses, weave pole racing and diving dog competitions.

The National Academy of Television Arts & Sciences will announce the winners of the Daytime Emmy Awards on October 30, 2026.

All nine episodes of A Different Breed are available to stream exclusively on Prime Video in the U.S. at no additional cost with a Prime membership. The second season of the Emmy®-nominated series is in production, continuing Purina’s commitment to bring audiences authentic stories that celebrate the incredible bond between people and pets.

About Nestlé Purina PetCare 
Nestlé Purina PetCare creates richer lives for pets and the people who love them. Founded in 1894, Purina has helped dogs and cats live longer, healthier lives by offering scientifically based nutritional innovations.

Purina manufactures some of the world’s most trusted and popular pet care products, including Dog Chow, Purina ONE, Pro Plan, Friskies and Tidy Cats. Our more than 11,000 U.S. associates take pride in our trusted pet food, treat and litter brands that feed 46 million dogs and 68 million cats every year. Nearly 500 Purina scientists, veterinarians, and pet care experts ensure our commitment to unsurpassed quality and nutrition.

Over the past five years, Purina has contributed more than $150 million towards organizations that bring, and keep, people and pets together, as well as those that help our communities and environment thrive.

Purina is part of Nestlé, a global leader in Nutrition, Health and Wellness. For more information, visit purina.com or subscribe here to get the latest Purina news.

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Toy Foundation Partners with Build-A-Bear & Chuck E. Cheese to Raise $100,000 for Children in Need

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32 minutes ago

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July 21, 2026

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The International Day of Play-themed cause marketing campaigns engaged consumers through promotions, exclusive product, & pin pad donations.

NEW YORK, July 21, 2026 /PRNewswire/ — The Toy Foundation™, the philanthropic arm of The Toy Association™, celebrated the United Nation’s International Day of Play (June 11) with two cause marketing campaigns with Build-A-Bear Foundation and Chuck E. Cheese. Together, the campaigns raised over $100,000, as families across the country and around the world supported The Toy Foundation’s mission to deliver the power of play to children in need.

The Toy Foundation’s partnership with Chuck E. Cheese included a three-part fundraising campaign throughout the month of June. At nearly 500 Chuck E. Cheese locations, families who donated $5 at checkout received 500 tickets to use toward prizes, turning a charitable gift into extra fun. Families also had the option to make a $1 or $3 donation directly at the pin pad, powered by FreedomPay’s Gateway to Giving™ — a charitable program that enables seamless giving at the point of sale, creating another opportunity to support a child in need. At select fun centers, families could also purchase a Chuck E. Cheese x Crazy Aaron’s Limited-Edition Thinking Putty, with one hundred percent of the purchase price benefitting The Toy Foundation.

“Partnering with The Toy Foundation this International Day of Play allowed us to make a real difference through the power of play,” said Scott Drake, CEO of CEC Entertainment. “Play is at the heart of everything we do, and we are deeply grateful to the families that joined us in supporting this great cause. Together, we are giving back in a meaningful way that inspires pride across our entire community.”

Build-A-Bear brought its signature warmth to workshops across the U.S. and the UK with a weeklong fundraising campaign held June 8 to 12. Shoppers made donations in amounts of their choosing at checkout, both in stores and online, with every dollar supporting The Toy Foundation’s work to deliver play to children in need.

“Build-A-Bear Foundation is proud to partner with The Toy Foundation in advancing the shared belief that play has the power to positively impact children’s lives,” said David Henderson, president of Build-A-Bear Foundation. “From toy donations and sponsorship support to this International Day of Play fundraising campaign, we are committed to helping create more moments of joy for children and families in need. We are so grateful to our guests and partners whose generosity continues to make that impact possible.”

These fundraising campaigns complimented The Toy Foundation’s International Day of Play toy collection initiative, which resulted in nearly 20 companies donating $5.7 million in toys. The toy donations are being distributed to more than 450,000 children in under-resourced communities, schools, and hospitals around the world.

“We are grateful to Build-A-Bear Foundation and Chuck E. Cheese for their support, collaboration, and partnership in hosting two successful cause marketing campaigns, and to the companies that generously donated toys in honor of International Day of Play,” said Pam Mastrota, executive director of The Toy Foundation. “Together, we are making a lasting impact, transforming children’s lives with the power of play.”

The Toy Foundation partners with companies and retailers to create tailored cause marketing campaigns that engage consumers and support children through play.

Campaign opportunities include:

Retail campaigns that donate a portion of proceeds from select productsPoint-of-sale donation campaignsCo-branded products featuring cause-related messagingCustomized campaigns tailored to a company’s goals

To learn more and get involved in advancing the toy industry’s collective impact, visit toyfoundation.org or contact The Toy Foundation team.

About The Toy Foundation™ www.toyfoundation.org
The Toy Foundation™ is a 501(c)(3) children’s charity and philanthropic arm of The Toy Association. The uniting force for the collective philanthropy of the toy industry, The Toy Foundation is dedicated to creating a world where every child experiences the comfort, joy, and extraordinary benefits of play. The Toy Foundation works toward this vision through two program areas, Toy Chest, a toy distribution initiative, and Play Fund, a grant distribution initiative. By working together, The Toy Foundation has delivered the power of play to 38 million children in need worldwide. To learn more about The Toy Foundation, visit toyfoundation.org.

About Build‑A‑Bear Workshop, Inc.
Founded in 1997, Build‑A‑Bear is a leading global retailtainment brand on a mission to add a little more heart to life. At Build-A-Bear, guests are invited to create personalized furry friends through a unique stuffing, dressing, accessorizing and naming process, accentuated by a memorable “heart ceremony” that creates moments of connection for people of all ages.

Over the years, Build‑A‑Bear has grown into a multi‑generational phenomenon, positioned at the intersection of pop‑culture trends. Beyond its signature retail experience, the brand also offers pre‑stuffed plush, gifting, partnerships with best‑in‑class licensed and collectible characters, and original storytelling through Build‑A‑Bear Entertainment, LLC. Build‑A‑Bear’s current brand platform and message, “The Stuff You Love,” crosses ages and cultures while celebrating nearly 30 years of helping people mark life’s meaningful moments.

Today, Build‑A‑Bear operates more than 650 company-owned, partner-operated and franchise experience locations across more than 30 countries, complemented by buildabear.com. Build‑A‑Bear Workshop, Inc. (NYSE: BBW) reported $529.8 million in total revenues for fiscal 2025, representing the company’s 5th consecutive year of record results. Learn more at the Investor Relations section of buildabear.com.

About Chuck E. Cheese
Chuck E. Cheese is where over 550,000 happy birthdays are celebrated every year. For nearly 50 years, Chuck E. Cheese has been the place Where A Kid Can Be A Kid®, making birthday kids the star of the show through its interactive experiences, arcade games and the beloved Chuck E. Cheese character. The brand operates more than 500 locations globally and remains committed to providing a fun, safe and inclusive environment through industry-leading programs such as Kid Check® and its partnership with Autism Speaks. As a strong advocate for local communities, Chuck E. Cheese has donated more than $24 million to schools and nonprofits through its fundraising programs. For more information, visit www.chuckecheese.com.

Contact: Erin Wright
The Toy Foundation
646.520.4851
ewright@toyfoundation.org

View original content:https://www.prnewswire.com/news-releases/toy-foundation-partners-with-build-a-bear–chuck-e-cheese-to-raise-100-000-for-children-in-need-302831086.html

SOURCE The Toy Foundation

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Technology

Play a Video Game Against a Dish of Living Neurons: Intactis Bio Launches “Biostack”

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32 minutes ago

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July 21, 2026

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Served from a rack mountable Biohybrid Processing Unit (BPU) to lower AI energy usage. 

SALT LAKE CITY, July 21, 2026 /PRNewswire/ — Intactis Bio launched the Biostack Alpha, a video game in which allows anyone to compete against living human neurons grown in the lab. A player sits on one side of the web-browser. On the other is Biohybrid Intelligence: a small population of neurons in a dish that receives the game board as patterns of electrical stimulation. These neurons then answer, move by move, where to drop the next piece.

 

Play a video game against living neurons in rack mountable Biohybrid Processing Unit (BPU) to lower AI energy usage.

Biocomputation is a field focused on curbing the AI energy crises by replacing inefficient silicon chips with low energy biological processors. Biostack is the most tactile and publicly accessible demonstration yet to emerge from the field of biocomputation. Play today at play.intactis.bio. 

A biocomputer you can rack

Biostack runs on the Intactis BPU (Biohybrid Processing Unit), a biocomputer built into the same form factor as the GPUs widely distributed in data centers today. Living neurons at its core are wrapped in the cooling, life support, and signal hardware needed to keep the neurons healthy while they compute. The unit pairs the living substrate with silicon and rack mountable networking, which allows the systems to scale out using existing data center infrastructure.

The map that makes neurons playable

What makes the tissue controllable is a computational neuroscience model. Intactis ran a comprehensive screen to map how electrical stimulus drives neural outputs, cataloguing more than 150 statistically significant relationships and accounting for up to 96% of the tissue’s response. “Biocomputation is not a black box. We have the actual equation,” said Daniel Rodriguez-Granrose, PhD, Founder and CEO of Intactis Bio. This design space lets the company map neural responses onto specific game controls, so the biocomputer can directly learn the Biostack board state and ideal responses in a closed loop.

How a dish of neurons plays

Each turn, Biostack compresses the board (the current piece, the height of every column, and any gaps) into a compact code and delivers it to the tissue as a timed sequence of electrical pulses. The neurons respond, and the system reads their answer as a six-bit placement: four bits choose one of ten columns, two bits choose one of four rotations. Together this represents over 1000 unique electrical inputs to encode the board space and up to 40 possible destinations for every piece. Intactis has successfully transmitted this information to the neurons, and mapped their response back to the live game. In this demo, game performance held and even improved across overnight gaps between sessions. The living network is genuinely shaped by use.

Why a game matters

The stakes reach well beyond the screen. AI’s appetite for electricity is on track to outrun global electricity production. A supercomputer can draw on the order of 20 megawatts; a human brain runs on about 20 watts. The company projects energy-cost reductions around 95%, total-cost reductions around 90%, and data center footprint reductions around 88% versus exaflop-scale silicon.

From demo to business

Intactis sells the capability as Cloud Biocompute as a Service, targeting gaming, robotics, AI and LLM developers already spending $20,000 or more per month on GPUs. The company has secured more than $1 million in early capital and non-dilutive support and is raising a $5 million seed round to bring the BPU to data center partners. Intactis is built by a team with more than $900 million in prior exits.

About Intactis Bio

Intactis Bio builds biohybrid computers that run living human neurons alongside silicon to deliver compute with dramatically lower energy, cost, and footprint. Its rack-mountable Biohybrid Processing Unit (BPU) targets the widening gap between AI compute demand and available power. Learn more at intactis.bio.

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SOURCE Intactis Bio Corp

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