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V2X Delivers Solid Fourth Quarter and Full-Year 2023 Results

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Fourth Quarter 2023 Summary

Reported record revenue of $1.04 billion, up +6.4% y/y Achieved y/y revenue growth of 31% in the Pacific and 18% in the Middle EastOperating income of $38.5 million; adjusted operating income1 of $76.2 million Net income (loss) of ($0.5) million, up $10.1 million y/yAdjusted EBITDA1 of $82.1 million with a margin1 of 7.9%Diluted EPS of ($0.02); Adjusted diluted EPS1 of $1.22Strong year-to-date cash flow from operations of $188.0 million; Achieved net debt reduction of $137.1 millionAwarded first substantial foreign military sales program valued at $400 million over 5 years

2024 Guidance:

Establishing full-year 2024 guidance with revenue and adjusted EBITDA1 growth of 5% at mid-point

MCLEAN, Va., March 5, 2024 /PRNewswire/ — V2X, Inc. (NYSE:VVX) announced fourth quarter and full-year 2023 financial results.

“I’m pleased to report a strong finish to 2023, with record revenue and strong operational performance which drove significant cash generation and net debt reduction,” said Chuck Prow, President and Chief Executive Officer of V2X. “I’d like to thank our teams that demonstrated agility and excellent performance, delivering 8% pro forma revenue1 growth for the full-year and 6% for the quarter. We made significant progress advancing V2X as a leader in the operational segment of the federal services market while continuing to position the company for long-term growth. The leading indicators for our business remain strong with a backlog of approximately $13 billion, $9 billion of bids submitted currently under evaluation, and a robust pipeline of opportunities valued at $15 billion expected to be submitted over the next twelve months. Our capabilities and position in an expanding market, present opportunities to drive continued growth and value for our shareholders and clients.”  

“V2X achieved several milestones during the fourth quarter, which includes our first substantial foreign military sales (FMS) win valued at approximately $400 million over the next five years,” said Mr. Prow. “This program is a long-term aviation support and training contract in the Middle East and was a direct result of our multi-year FMS campaign. Importantly, our evolution as a company has been an enabler to participate in this market. With this opportunity, the total value of V2X FMS’ portfolio is approximately $700 million with accretive margins. We plan to build on this success and continue pursuing FMS opportunities that leverage our geographic footprint, strong partnerships, and core capabilities.”

Mr. Prow continued, “Our ability to provide full life cycle solutions from concept to fielding and sustainment is a significant differentiator that’s yielding results. During the quarter, we demonstrated our capabilities through the fielding of a defense platform that modernized existing systems. This program launched as an engineering development and prototyping effort with a new client and today has yielded a brand-new product that’s designed, produced, and sustained by V2X. Additionally, our engineering, integration, modernization and sustainment solutions resulted in approximately $70 million of awards to V2X in the fourth quarter.”

Mr. Prow concluded, “I’d like to thank our teams for their contributions in 2023 and progress executing our strategic framework: Expand the Base, Capture New Markets, Deliver with Excellence, and Enhance Culture. Looking ahead, V2X continues to transform to deliver enhanced capabilities in an expanding market. We have strong momentum, robust backlog, a highly aligned pipeline, limited recompetes, and high free cash generation that provides an excellent fundamental profile to support value creation.” 

Fourth Quarter 2023 Results

“V2X reported revenue of $1.0 billion in the quarter, which represents 6.4% year-over-year growth,” said Shawn Mural, Senior Vice President and Chief Financial Officer. “Revenue growth in the quarter was achieved through exceptional team performance delivering milestones ahead of schedule, expansion on existing programs, and new business. This solid execution resulted in year-over-year revenue growth of 31% in the Pacific and 18% in the Middle East.” 

“For the quarter, the Company reported operating income of $38.5 million and adjusted operating income1 of $76.2 million. Adjusted EBITDA1 was $82.1 million with a margin of 7.9%. Fourth quarter GAAP diluted EPS was ($0.02), due primarily to merger and integration related costs, amortization of acquired intangible assets, and interest expense. Adjusted diluted EPS1 for the quarter was $1.22.”

“V2X’s ability to generate strong cash flow with low capital expenditures is an important attribute of our business and one that we are extremely focused on as a primary avenue to enhance value for shareholders. I’m pleased to announce that during the quarter, our teams demonstrated outstanding performance in all aspects of cash conversion, driving significant collections, a record low DSO, and operating cash flow that exceeded our guidance. Net cash provided by operating activities was $188.0 million year to date. Adjusted net cash provided by operating activities1 year to date was $159.5 million, adding back $26.9 million of M&A and integration costs with $13.4 million of CARES act payments, and removing the contribution of the master accounts receivable purchase or MARPA facility of $68.8 million.”

“Solid cash generation enabled net debt reduction of $137.1 million for the year.  At the end of the quarter, net debt for V2X was $1,083.6 million.  Net consolidated indebtedness to EBITDA1 (net leverage ratio) was 3.3x, improved from 3.7x at the end of 2022.  Additionally, we believe our strong fundamentals will allow V2X to achieve a net leverage ratio at or under 3.0x by the end of 2024.”  

“Total backlog as of December 31, 2023, was $12.8 billion. Funded backlog was $2.8 billion. Bookings in the quarter were $0.6 billion, resulting in a trailing twelve-month book-to-bill of 1.1x. It’s important to note that backlog and bookings do not include the full performance period of the $400 million FMS program as the contract is being definitized and the $458 million F-5 Adversary aircraft award, discussed last quarter, as it remains in protest,” said Mr. Mural.

Full-Year 2023 Results

Full-year revenue was $3.963 billion, up 8% pro forma year-on-year. The Company reported full-year operating income of $124.4 million and adjusted operating income1 of $271.4 million. Full-year EBITDA1 was $293.9 million with a margin of 7.4%. Full-year GAAP diluted EPS was ($0.73), due primarily to merger and integration related costs, amortization of acquired intangible assets, and interest expense. Adjusted diluted EPS1 for 2023 was $3.74.

2024 Guidance

Mr. Mural concluded, “Based on the positive trends in our business we are setting the mid-point of our guidance for revenue and Adjusted EBITDA1 at $4.150 billion and $308 million, respectively, representing approximately 5% year-over-year growth. We expect revenue and adjusted EBITDA to be weighted more heavily in the second half of the year. Importantly, guidance at the mid-point assumes approximately 90% of revenue from existing contracts and less than 5% from recompetes.”

Guidance for 2024 is as follows:       

$ millions, except for per share amounts

2024 Guidance

2024 Mid-Point

Revenue

$4,100

$4,200

$4,150

Adjusted EBITDA1

$300

$315

$308

Adjusted Diluted Earnings Per Share1

$3.85

$4.20

$4.03

Adjusted Net Cash Provided by Operating Activities1

$145

$165

$155

The Company is not providing a quantitative reconciliation with respect to this forward-looking non-GAAP measure in reliance on the “unreasonable efforts” exception set forth in SEC rules because certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated. For example, unusual, one-time, non-ordinary, or non-recurring costs, which relate to M&A, integration and related activities cannot be reasonably estimated. Forward-looking statements are based upon current expectations and are subject to factors that could cause actual results to differ materially from those suggested here, including those factors set forth in the Safe Harbor Statement below. 

Fourth Quarter and Full-Year 2023 Conference Call

Management will conduct a conference call with analysts and investors at 8:00 a.m. ET on Tuesday, March 5, 2024. U.S.-based participants may dial in to the conference call at 877-407-3982, while international participants may dial 201-493-6780. A live webcast of the conference call as well as an accompanying slide presentation will be available here: https://app.webinar.net/WrwGVYwl6dA

A replay of the conference call will be posted on the V2X website shortly after completion of the call and will be available for one year. A telephonic replay will also be available through March 19, 2024, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 13743860 .

Presentation slides that will be used in conjunction with the conference call will also be made available online in advance on the “investors” section of the company’s website at https://gov2x.com/. V2X recognizes its website as a key channel of distribution to reach public investors and as a means of disclosing material non-public information to comply with its obligations under the U.S. Securities and Exchange Commission (“SEC”) Regulation FD.

Footnotes:

1 See “Key Performance Indicators and Non-GAAP Financial Measures” for descriptions and reconciliations.

About V2X

V2X builds smart solutions designed to integrate physical and digital infrastructure – by aligning people, actions, and outputs. Formed by the merger of Vectrus and Vertex, we bring a combined 120 years of successful mission support. Our lifecycle solutions improve security, streamline logistics, and enhance readiness.

The Company delivers a comprehensive suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian and international clients. Our global team of approximately 16,000 employees brings innovation to every point in the mission lifecycle, from preparation to operations, to sustainment, as it tackles the most complex challenges with agility, grit, and dedication.

Contact Information

Investor Contact

Media Contact

Mike Smith, CFA

Angelica Spanos Deoudes

IR@goV2X.com

Communications@goV2X.com

719-637-5773

571-338-5195

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 (the “Act”): Certain material presented herein includes forward-looking statements intended to qualify for the safe harbor from liability established by the Act. These forward-looking statements include, but are not limited to, all the statements and items listed under “2024 Guidance” above and other assumptions contained therein for purposes of such guidance, other statements about our 2024 performance outlook, revenue, contract opportunities, and any discussion of future operating or financial performance.

Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “could,” “potential,” “continue” or similar terminology. These statements are based on the beliefs and assumptions of the management of the Company based on information currently available to management.

These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside our management’s control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.  In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections. For a discussion of some of the risks and uncertainties that could cause actual results to differ from such forward-looking statements, see the risks and other factors detailed from time to time our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the SEC.

We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

V2X, INC.

CONSOLIDATED STATEMENTS OF (LOSS) INCOME

Year Ended December 31,

(In thousands, except per share data)

2023

2022

2021

Revenue

$   3,963,126

$   2,890,860

$   1,783,665

Cost of revenue

3,628,271

2,595,848

1,623,245

Selling, general and administrative expenses

210,439

239,241

98,400

Operating income

124,416

55,771

62,020

Loss on extinguishment of debt

(22,298)

Interest expense, net

(122,442)

(61,879)

(7,985)

Other expense, net

(4,194)

(Loss) income from operations before income taxes

(24,518)

(6,108)

54,035

Income tax (benefit) expense

(1,945)

8,222

8,307

Net (loss) income

$      (22,573)

$       (14,330)

$        45,728

(Loss) earnings per share

Basic

$          (0.73)

$          (0.68)

$            3.91

Diluted

$          (0.73)

$          (0.68)

$            3.86

Weighted average common shares outstanding – basic

31,084

20,996

11,705

Weighted average common shares outstanding – diluted

31,084

20,996

11,836

 

 

V2X, INC.

CONSOLIDATED BALANCE SHEETS

December 31,

(In thousands, except shares and per share data)

2023

2022

Assets

Current assets

  Cash, cash equivalents and restricted cash

$           72,651

$         116,067

  Receivables

705,995

728,582

  Inventory, net

46,981

44,974

  Prepaid expenses and other current assets

49,242

42,309

  Total current assets

874,869

931,932

  Property, plant, and equipment, net

85,429

78,715

  Goodwill

1,656,926

1,653,822

  Intangible assets, net

407,530

497,951

  Right-of-use assets

41,215

52,825

  Other non-current assets

15,931

17,858

  Total non-current assets

2,207,031

2,301,171

Total Assets

$      3,081,900

$      3,233,103

Liabilities and Shareholders’ Equity

Current liabilities

  Accounts payable

$         453,052

$         406,706

  Compensation and other employee benefits

158,088

168,038

  Short-term debt

15,361

11,850

  Other accrued liabilities

213,700

196,538

Total current liabilities

840,201

783,132

  Long-term debt, net

1,100,269

1,262,811

  Deferred tax liabilities

11,763

15,813

  Operating lease liabilities

34,691

41,083

  Other non-current liabilities

104,176

133,185

 Total non-current liabilities

1,250,899

1,452,892

Total liabilities

2,091,100

2,236,024

Commitments and contingencies (Note 15)

Shareholders’ Equity

Preferred stock; $0.01 par value; 10,000,000 shares authorized; No shares issued and outstanding

Common stock; $0.01 par value; 100,000,000 shares authorized; 31,191,628 and 30,470,475 shares issued and outstanding as of December 31, 2023 and 2022, respectively

312

305

Additional paid in capital

762,324

748,877

Retained earnings

230,851

253,424

Accumulated other comprehensive loss

(2,687)

(5,527)

Total shareholders’ equity

990,800

997,079

Total Liabilities and Shareholders’ Equity

$      3,081,900

$      3,233,103

 

V2X, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

Year Ended December 31,

(In thousands)

2023

2022

2021

Operating activities

Net (loss) income

$      (22,573)

$      (14,330)

$        45,728

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

  Depreciation expense

22,408

13,472

6,526

  Amortization of intangible assets

90,423

48,643

10,028

  Loss on disposal of property, plant, and equipment

683

59

65

  Stock-based compensation

32,843

32,736

8,331

  Deferred taxes

(7,509)

(15,554)

(7,280)

  Amortization of debt issuance costs

9,067

7,805

912

  Loss on extinguishment of debt

22,298

  Gain on disposition of business

(450)

(2,082)

Changes in assets and liabilities:

  Receivables

19,064

(52,311)

(36,376)

  Inventory, net

(311)

(3,600)

(5,232)

  Other assets

12,076

14,962

(7,613)

  Accounts payable

43,153

71,837

56,985

  Compensation and other employee benefits

(9,901)

42,878

1,133

  Other liabilities

(23,303)

(51,020)

(11,868)

  Net cash provided by operating activities

187,968

93,495

61,339

Investing activities

Purchases of capital assets and intangibles

(25,021)

(12,425)

(9,776)

Proceeds from the disposition of assets

16

9

16

Acquisition of business, net of cash acquired

193,677

262

Disposition of business

1,349

(5,303)

Distributions from (contributions to) joint venture

1,007

(3,145)

  Net cash (used in) provided by investing activities

(22,649)

175,958

(12,643)

Financing activities

Proceeds from issuance of long-term debt

250,000

Repayments of long-term debt

(432,603)

(108,400)

(8,600)

Proceeds from revolver

922,750

392,000

529,000

Repayments of revolver

(922,750)

(472,925)

(594,000)

Proceeds from exercise of stock options

34

408

379

Payment of debt issuance costs

(8,818)

(2,325)

(17)

Prepayment premium on early redemption of debt

(1,600)

Payments of employee withholding taxes on share-based compensation

(18,036)

(1,994)

(2,347)

  Net cash used in financing activities

(211,023)

(193,236)

(75,585)

Exchange rate effect on cash

2,288

1,337

(3,325)

Net change in cash, cash equivalents and restricted cash

(43,416)

77,554

(30,214)

Cash, cash equivalents and restricted cash – beginning of year

116,067

38,513

68,727

Cash, cash equivalents and restricted cash – end of year

$        72,651

$      116,067

$        38,513

Supplemental Disclosure of Cash Flow Information:

Interest paid

$      117,482

$        54,267

$          5,801

Income taxes paid

$          8,356

$        13,416

$          9,703

Non-cash investing activities:

Purchase of capital assets on account

$          3,043

$          2,716

$             277

Common stock issued for business acquisition

$               —

$      630,636

$               —

 

Key Performance Indicators and Non-GAAP Measures

The primary financial performance measures we use to manage our business and monitor results of operations are revenue trends and operating income trends. Management believes that these financial performance measures are the primary drivers for our earnings and net cash from operating activities. Management evaluates its contracts and business performance by focusing on revenue, and operating income. Operating income represents revenue less both cost of revenue and selling, general and administrative (SG&A) expenses. Cost of revenue consists of labor, subcontracting costs, materials, and an allocation of indirect costs, which includes service center transaction costs. SG&A expenses consist of indirect labor costs (including wages and salaries for executives and administrative personnel), bid and proposal expenses and other general and administrative expenses not allocated to cost of revenue.

We manage the nature and amount of costs at the program level, which forms the basis for estimating our total costs and profitability. This is consistent with our approach for managing our business, which begins with management’s assessing the bidding opportunity for each contract and then managing contract profitability throughout the performance period.

In addition to the key performance measures discussed above, we consider adjusted net income, adjusted diluted earnings per share, adjusted operating income, adjusted EBITDA, adjusted EBITDA margin, adjusted operating cash flow, and pro forma revenue to be useful to management and investors in evaluating our operating performance, and to provide a tool for evaluating our ongoing operations. This information can assist investors in assessing our financial performance and measures our ability to generate capital for deployment among competing strategic alternatives and initiatives. We provide this information to our investors in our earnings releases, presentations, and other disclosures.

Adjusted net income, adjusted diluted earnings per share, adjusted operating income, adjusted EBITDA, adjusted EBITDA margin, adjusted net cash provided by (used in) operating activities, and pro forma revenue, however, are not measures of financial performance under GAAP and should not be considered a substitute for financial measures determined in accordance with GAAP.  Definitions and reconciliations of these items are provided below.

Pro forma (PF) revenue is defined as the combined results of our operations as if the Merger had occurred on January 1, 2021.Adjusted operating income is defined as operating income, adjusted to exclude items that may include, but are not limited to, significant charges or credits, and unusual and infrequent non-operating items that impact current results but are not related to our ongoing operations, such as M&A, integration, and related costs.Adjusted EBITDA is defined as operating income, adjusted to exclude depreciation and amortization of intangible assets, and items that may include, but are not limited to, significant charges or credits, and unusual and infrequent non-operating items that impact current results but are not related to our ongoing operations, such as M&A, integration, and related costs.Adjusted EBITDA margin is defined as adjusted EBITDA divided by revenue.Adjusted net income is defined as net income, adjusted to exclude items that may include, but are not limited to, significant charges or credits, and unusual and infrequent non-operating items that impact current results but are not related to our ongoing operations, such as M&A, integration and related costs, amortization of acquired intangible assets, amortization of debt issuance costs, and loss on extinguishment of debt.Adjusted diluted earnings per share is defined as adjusted net income divided by the weighted average diluted common shares outstanding.Cash interest expense, net is defined as interest expense, net adjusted to exclude amortization of debt issuance costs.Adjusted net cash provided by (used in) operating activities or adjusted operating cash flow is defined as net cash provided by (or used in) operating activities adjusted to exclude infrequent non-operating items, such as M&A payments and related costs.Net leverage ratio is defined as net debt (or total debt less unrestricted cash) divided by trailing twelve-month (TTM) bank EBITDA.

In this document, the Company presents certain forward-looking non-GAAP metrics. The Company does not provide outlook on a GAAP basis because the items that the Company excludes from GAAP to calculate the comparable non-GAAP measure can be dependent on future events that are less capable of being controlled or reliably predicted by management and are not part of the Company’s routine operating activities. Additionally, management does not forecast many of the excluded items for internal use and therefore cannot create or rely on outlook done on a GAAP basis.  The occurrence, timing, and amount of any of the items excluded from GAAP to calculate non-GAAP could significantly impact the Company’s fiscal 2023 GAAP results.

 

 

Non-GAAP Tables

($K, except per share data)

Three Months Ended

Twelve Months Ended

December 31,
2023

December 31,
2022

December 31,
2023

December 31,
2022

Revenue

$      1,040,307

$        978,167

$      3,963,126

$      2,890,860

Net income (loss)

$               (492)

$         (10,619)

$          (22,573)

$          (14,330)

Plus:

Income tax expense (benefit)

8,420

10,675

(1,945)

8,222

Other expense, net

1,859

4,194

Interest expense, net

28,497

30,971

122,442

61,879

Loss on extinguishment of debt

246

22,298

Amortization of intangible assets

22,606

20,046

90,423

48,643

M&A, integration and related costs

15,055

26,379

56,610

87,108

Adjusted operating income

$          76,191

$          77,452

$        271,449

$        191,522

Plus:

Depreciation expense

5,875

4,809

22,408

13,472

Adjusted EBITDA

$          82,066

$          82,261

$        293,857

$        204,994

Adjusted EBITDA margin

7.9 %

8.4 %

7.4 %

7.1 %

Minus:

Cash interest expense, net

26,305

27,069

113,375

54,074

Income tax expense, as adjusted

9,101

19,654

35,430

36,295

Depreciation expense

5,875

4,809

22,408

13,472

Other expense, net

1,859

4,194

Adjusted net income

$          38,926

$          30,729

$        118,450

$        101,153

 

($K, except per share data)

Three Months Ended

Twelve Months Ended

December 31,
2023

December 31,
2022

December 31,
2023

December 31,
2022

Diluted earnings (loss) per share

$               (0.02)

$               (0.35)

$               (0.73)

$               (0.68)

Plus:

M&A, integration and related costs

0.45

0.69

1.42

3.28

Amortization of intangible assets

0.68

0.53

2.26

1.84

Amortization of debt issuance costs and Loss on extinguishment of debt

0.11

0.10

0.79

0.29

Adjusted diluted earnings per share

$                 1.22

$                 0.97

$                 3.74

$                 4.73

Average shares outstanding

Basic, as reported

31,192

30,465

31,084

20,996

Diluted, as reported

31,192

30,465

31,084

20,996

Adjusted diluted

31,822

31,284

31,567

21,346

 

SUPPLEMENTAL INFORMATION

Revenue by client branch, contract type, contract relationship, and geographic region for the periods presented below was as follows: 

Revenue by Client

Year Ended December 31,

(In thousands)

2023

%

2022

%

2021

%

Army

$     1,633,525

41 %

$     1,342,406

46 %

$     1,134,849

64 %

Navy

1,233,463

31 %

713,732

25 %

224,407

13 %

Air Force

538,698

14 %

459,849

16 %

266,291

15 %

Other

557,440

14 %

374,873

13 %

158,118

8 %

Total revenue

$     3,963,126

$     2,890,860

$     1,783,665

 

Revenue by Contract Type

Year Ended December 31,

(In thousands)

2023

%

2022

%

2021

%

Cost-plus and cost-reimbursable

$     2,209,241

56 %

$     1,625,196

56 %

$     1,271,167

71 %

Firm-fixed-price

1,626,262

41 %

1,159,743

40 %

452,112

25 %

Time-and-materials

127,623

3 %

105,921

4 %

60,386

4 %

Total revenue

$     3,963,126

$     2,890,860

$     1,783,665

 

Revenue by Contract Relationship

Year Ended December 31,

(In thousands)

2023

%

2022

%

2021

%

Prime contractor

$     3,726,199

94 %

$     2,695,067

93 %

$     1,663,828

93 %

Subcontractor

236,927

6 %

195,793

7 %

119,837

7 %

Total revenue

$     3,963,126

$     2,890,860

$     1,783,665

 

Revenue by Geographic Region

Year Ended December 31,

(In thousands)

2023

%

2022

%

2021

%

United States

$     2,286,052

58 %

$     1,494,255

52 %

$       578,255

32 %

Middle East

1,193,598

30 %

1,024,674

35 %

1,000,877

56 %

Asia

264,346

7 %

167,629

6 %

61,927

3 %

Europe

219,130

5 %

204,302

7 %

142,606

9 %

Total revenue

$     3,963,126

$     2,890,860

$     1,783,665

 

 

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SOURCE V2X, Inc.

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CHATTANOOGA, Tenn., April 27, 2026 /PRNewswire/ — What should people consider before relocating to Chattanooga,TN? According to a HelloNation article, the move involves more than a change of address. Grace Frank of Grace Frank Group explains that housing options, schools, job opportunities, and lifestyle factors all play an important role in helping newcomers settle successfully in the city.

Housing is often the first decision to make. Chattanooga offers a wide range of real estate choices, from historic downtown homes to newer suburban subdivisions and rural properties with more space. Each option comes with trade-offs. Urban neighborhoods provide convenience and entertainment, suburban areas appeal to families with larger homes and school access, and rural living offers peace and quiet but may require longer commutes and fewer services.

Affordability is another factor that draws many people to the area. Compared to larger cities, Chattanooga’s housing prices and property taxes remain relatively moderate. Still, trends vary by neighborhood. Some areas near downtown are experiencing rapid growth and rising prices. Buyers and renters who study these patterns in advance are better able to match their budget with the right community.

For families, schools are central to the relocation decision. Hamilton County features public, private, and charter schools, each offering different strengths. Many families select neighborhoods based on school zones, while others consider private education or alternative programs. Reviewing school ratings, extracurricular options, and long-term academic opportunities helps ensure the best fit for children.

Employment opportunities also make Chattanooga an attractive place to move. The job market has been growing steadily, with strengths in logistics, healthcare, technology, and advanced manufacturing. Expansion from existing companies and new businesses entering the region have created stability in both housing and employment. Prospective residents, however, should review industry-specific opportunities to confirm their career goals align with local options.

Beyond housing, schools, and work, lifestyle factors help determine how well a move turns out. Chattanooga’s reputation as an outdoor destination is one of its strongest assets. Residents enjoy access to hiking trails, mountain biking, and water activities along the Tennessee River. The city also features cultural events, a thriving restaurant scene, and live music, making it appealing for those who want balance between work and recreation.

Planning the details of the move itself is just as important. A relocation checklist can simplify the process, including securing housing, transferring utilities, and registering vehicles. Those moving from out of state should also remember to update driver’s licenses, insurance, and voter registration. Attention to these details reduces stress and prevents unnecessary delays.

Local expertise can help make the transition smoother. A real estate professional who understands Chattanooga can guide newcomers through the city’s neighborhoods, school districts, and commuting options. Their insight can save time, prevent costly mistakes, and ensure that newcomers choose a location that fits both their practical needs and lifestyle goals.

Relocating to Chattanooga offers opportunities that combine affordability, career growth, and outdoor living. Families, retirees, and young professionals are all drawn to the area’s variety of neighborhoods, active lifestyle, and strong sense of community. With careful planning, the move can be both seamless and rewarding.

What to Know Before Relocating to Chattanooga highlights the most important factors for a successful transition. This is according to Grace Frank, Real Estate Expert of Chattanooga, TN, who provides practical advice for those considering a move in HelloNation.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/in-hellonation-real-estate-expert-grace-frank-shares-what-to-know-before-relocating-to-chattanooga-302754736.html

SOURCE HelloNation

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Hyperscale Data Subsidiary Ault Global Commodities Announces First Silver Purchase

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LAS VEGAS, April 27, 2026 /PRNewswire/ — Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence (“AI”) data center company anchored by Bitcoin (“Hyperscale Data” or the “Company”), today announced that its wholly-owned subsidiary Ault Global Commodities, Inc. (“AGC”) has completed its first purchase of physical silver, acquiring 10,000 ounces of .999 fine silver bullion. The transaction was executed through AGC’s strategic partner, Scottsdale Mint, LLLP, a leading private mint specializing in high-quality investment grade precious metals with which AGC has entered into a purchase and sale agreement (the “Agreement”).

This initial acquisition of silver under the Agreement marks the official launch of the Company’s precious metals strategy and represents a key step in the Company’s broader initiative to build a diversified commodities portfolio alongside its existing digital asset and AI operations, as well as its contemplated robotics plans, each as disclosed in prior press releases.

“This initial silver purchase represents more than merely an entry into precious metals; it reflects the continued evolution of the Company’s balance sheet,” stated Milton “Todd” Ault III, Executive Chairman of Hyperscale Data. “With more than $350 million in assets, including cash and Bitcoin, we are deliberately building a diversified balance sheet designed to endure across market cycles. We believe Bitcoin and precious metals will serve as foundational pillars of that strategy, combining the asymmetric upside of digital assets with the proven stability of hard commodities. As we continue to deploy capital, our objective is clear: Strengthen our asset base, expand our global portfolio of companies, and position Hyperscale Data to create long-term value through disciplined, opportunistic capital allocation.”

The Company expects AGC to make additional purchases in the future as it continues to scale its operations in the broader commodities sector.

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Hyperscale Data currently expects the divestiture of ACG (the “Divestiture”) to occur in the second quarter of 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/hyperscale-data-subsidiary-ault-global-commodities-announces-first-silver-purchase-302753925.html

SOURCE Hyperscale Data Inc.

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In HelloNation, Financial Advisor Jennifer Prosise of Joliet, IL Breaks Down When to Start Financial Planning

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JOLIET, Ill., April 27, 2026 /PRNewswire/ — When is the right time to begin financial planning? A recent HelloNation article featuring Financial Advisor Jennifer Prosise of The Voyager Group, Ltd. in Joliet, IL, explores why early financial planning can create lasting advantages, especially during key life transitions.

 

The article challenges the common belief that financial planning only becomes necessary later in life. According to the feature, waiting until retirement planning is urgent can limit flexibility and options. By starting earlier, individuals can make gradual adjustments that align with long-term goals and reduce financial stress over time.

Jennifer Prosise explains that financial planning is most effective when it starts at the moment questions begin to surface. The article notes that planning isn’t tied to age, but to life events, such as a career change, starting a family, or returning to school. These life transitions often reshape responsibilities and future priorities, making early financial planning both timely and practical.

One of the most valuable aspects of early financial planning is habit-building. The article emphasizes how small choices about income and savings, spending, or borrowing compound over time. Establishing a structure early creates momentum and makes it easier to adapt when circumstances shift.

Career changes are a key opportunity to begin planning. With changes in income, benefits, and risk, the article advises individuals to assess how income and savings can work together more efficiently. A financial advisor can help clarify goals and offer structure during times of professional change.

For growing families, financial planning provides support when expenses increase and new needs emerge. The article points out that early planning can balance short-term decisions with long-term goals like education costs, housing needs, or lifestyle flexibility. Financial clarity during these moments reduces uncertainty and helps families prioritize with confidence.

The article also highlights how education decisions, such as starting or returning to college, can benefit from early financial planning. Loans, tuition, and long-term earnings potential all come into play. Planning in advance helps individuals evaluate tradeoffs and avoid reactive decisions that may lead to unnecessary debt.

Entrepreneurs and small business owners also find value in starting early. Business ventures bring both opportunities and risks, and financial planning helps manage both. With income fluctuations and investment decisions to weigh, early structure ensures that personal and professional goals remain aligned.

The article explains that early financial planning also creates space for gradual change. Instead of making large corrections later in life, people can make smaller, more sustainable adjustments. This flexibility supports retirement planning over a longer horizon and builds resilience during financial shifts.

Jennifer Prosise also points out the emotional benefits of planning early. With a framework in place, people are less likely to feel overwhelmed during uncertain times. Financial planning reduces confusion and allows for steady progress toward long-term goals.

When It Makes Sense to Start Financial Planning features insights from Jennifer Prosise, Financial Advisor of Joliet, IL, in HelloNation.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/in-hellonation-financial-advisor-jennifer-prosise-of-joliet-il-breaks-down-when-to-start-financial-planning-302754763.html

SOURCE HelloNation

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