Technology

Givex Announces Second Quarter 2024 Financial Results

Published

2 years ago

July 29, 2024

Achieves positive net income for the second consecutive quarter and generates 6-month EBITDA of $3.6 million, a 470% year over year improvement

TORONTO, July 29, 2024 /PRNewswire/ – Givex Corp. (“Givex”) (TSX: GIVX) (OTCQX: GIVXF), is pleased to present its financial results for the six-month period ending June 30, 2024. Givex reports in Canadian dollars and in accordance with International Financial Reporting Standards (“IFRS”).

“By maintaining our strategic focus on profitable growth, we’ve achieved another quarter of year-over-year improvements across all key metrics, including revenue, gross profit, and net income,” stated Don Gray, CEO of Givex. “We’re optimistic this trend will continue for the remainder of 2024, given new business opportunities we’re actively pursuing.”

Second Quarter Financial Highlights

Three-month period ending June 30, 2024 (with comparisons relative to the three-month period ending June 30, 2023)

Revenue of $20.9 million, representing 7% growth.Gross Profit of $15.2 million, representing 8% growth.Net Income of $0.2 million, versus a $1.0 million loss in Q2, 2023.EBITDA1 of $1.9 million, a 224 % increase.Total Gross Transactional Value2 of $2.29 billion, an 8% increase.POS Gross Transactional Value3 of $ 529 million, a 12% increase.Customer Locations4 of 133,000, a 7% increase.As at June 30, 2024, Givex had $24.2 million in cash and cash equivalents.

Six-month period ending June 30, 2024 (with comparisons relative to the six-month period ending June 30, 2023)

Revenue of $41.7 million, representing 8% growth.Gross Profit of $29.2 million, representing 7% growth.Net Income of $0.7 million, versus a $2.2 million loss in six-month period ending June 30, 2023.EBITDA1 of $3.6 million, a 470% increase.Total Gross Transactional Value2 of $ 4.04 billion, a 9 % increase.POS Gross Transactional Value3 of $1.0 billion, a 14 % increase.

Operational Highlights

Payroll costs are the key focus to improved EBITDA and positive net earnings. For the 12-month periods ending June 30, 2024 and 2023, Employee Compensation5 as a % of Gross Profit was 53% for both periods. The company believes that its ability to control Employee Compensation as a % of Gross Profit is an indicator of its success in managing costs and profitability.

More Information
Additional financial information, such as the Q2, 2024 interim and the audited Fiscal 2023 financial statements, Management’s Discussion and Analysis of Financial Condition and Results of Operations, and Annual Information Form, is available on the company’s SEDAR at sedar.com.

More information about Givex, including the Management Presentation and Overview, are posted on the company’s investor relations website at investors.givex.com.

About Givex

The world is changing. Givex is ready. Since 1999, Givex has provided technology solutions that unleash the full potential of engagement, creating and cultivating powerful connections that unite brands and customers. With a global footprint of 133,000+ active locations across more than 100 countries, Givex unleashes strategic insights, empowering brands through reliable technology and exceptional support. Givex’s integrated end-to-end management solution provides Gift Cards, GivexPOS, Loyalty Programs and more, creating growth opportunities for businesses of all sizes and industries. Learn more about how to streamline workflows, tackle complex challenges and transform data into actionable insights at www.givex.com.

Non-IFRS Measures and Reconciliation of Non-IFRS Measures

The information presented includes certain financial measures such as “EBITDA” (see below for definition), which are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of our results of operations from management’s perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. These non-IFRS measures are used to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS measures. We also believe that securities analysts, investors, and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Our management also uses non-IFRS measures to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation.

Forward Looking Statements

This press release contains forward-looking information. Forward-looking information is necessarily based on a number of opinions, estimates and assumptions that we considered appropriate and reasonable as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, the risk factors described under the “Risk Factors” section in the Annual Information Form (AIF) dated March 22, 2024, available on SEDAR+ at www.sedarplus.ca and other filings with the Canadian securities regulatory authorities. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, prospective investors should not place undue reliance on forward-looking information, which speaks only as of the date made. See “Cautionary Note Regarding Forward-Looking Information” in the Filing Statement.

Additional Notes

1 EBITDA is defined as net profit (loss) excluding interest, taxes, depreciation and amortization (“EBITDA”).

2 Gross Transactional Value (“GTV”) means the total dollar value of stored and point-of-sale (“POS”) transactions processed through our cloud-based SaaS platforms in the period, net of refunds, inclusive of shipping and handling, duty, and value-added taxes. We believe GTV is an indicator of the success of our customers and the strength of our platforms. GTV does not represent revenue earned by us.

3 POS Gross Transactional Value (“POS GTV”) means the total dollar value point-of-sale (“POS”) transactions processed through GivexPOS, our cloud-based POS SaaS platform, in the period net of refunds, inclusive of shipping and handling, duty and value-added taxes. We believe POS GTV is an indicator of the success of our customers and the strength of our platforms. POS GTV does not represent revenue earned by us.

4 Customer Locations means a billing customer location for which the term of services has not ended, or with which we are negotiating a renewal contract. It includes both merchant locations that have transactions processed through our cloud-based SaaS platform, as well as merchant locations not on our platform but for which we provide other Givex services. A single unique customer can have multiple Customer Locations including physical and eCommerce sites. We believe that our ability to increase the number of Customer Locations served by our platform and products is an indicator of our success in terms of market penetration and growth of our business.

5 Employee Compensation as a % of Gross Profit means the total employee compensation for a period divided by the gross profit for the same period. Employee Compensation means total employee compensation including salaries and benefits, excluding both government assistance and share-based compensation. Gross Profit means revenue less direct cost of revenue.

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SOURCE Givex Corporation

Technology

Quintus Flexform™ Press Enables Sona SPEED to Deliver Flight-Critical Aerospace Components Faster

Published

7 minutes ago

April 22, 2026

Advanced forming technology strengthens precision manufacturing capabilities and reduces lead times for global high-performance industries

VÄSTERÅS, Sweden, April 22, 2026 /PRNewswire-PRWeb/ — Sona SPEED Pvt. Ltd., a specialist in precision mechatronics manufacturing solutions, is investing in a Quintus Flexform™ fluid cell press to expand its capabilities in producing high-precision prototype and low-volume components for aerospace and other demanding industries. The new press will support the company’s growing role as a supplier of flight-critical components for global customers.

Quintus Technologies’ expertise in high-pressure forming solutions meets the strict standards required for aerospace applications, enabling us to deliver consistent quality, performance, and reliability to customers operating in mission-critical environments.– Sona SPEED General Manager Bart Korff

Reflecting rising demand for lightweight, high-strength structures used in aircraft, satellites, and launch systems, Sona SPEED is strengthening its advanced forming and structural assembly capabilities, according to General Manager Bart Korff.

“We are expanding our metal forming and structural assembly capabilities to support next-generation aircraft, satellite, and launch vehicle programs,” says Mr. Korff. “Quintus Technologies brings proven expertise in high-pressure forming solutions that meet the stringent standards required for aerospace applications. Their technology enables us to deliver consistent quality, performance, and reliability to customers operating in mission-critical environments.”

The investment reflects broader industry trends toward lighter, stronger materials and faster development cycles across aerospace, defense, and high-performance industrial sectors. Advanced forming technologies such as the Flexform process enable manufacturers to reduce tooling complexity, improve structural performance, and accelerate product development timelines.

Sona SPEED selected the Flexform press model QFC 1×3-800, capable of applying up to 800 bar of forming pressure across a 1000 mm × 3000 mm work area. This performance is enabled by Quintus’ proven wire-winding pre-stress technology, which allows consistent pressure distribution across large forming surfaces.

“Flexform is a versatile solution for manufacturing complex sheet metal components, particularly in industries where precision, speed, and cost control are essential for maintaining global competitiveness,” explains Peter Henning, Chief Commercial Officer, Quintus Technologies.

Designed for both prototyping and low-volume production, the Flexform process offers significant advantages compared with conventional rubber pad pressing and mechanical stamping. High-pressure forming reduces tooling complexity, eliminates secondary process steps, and improves fabrication productivity. Multiple forming tools can be used in a single operation, enabling faster transitions from design to production. High-cycle systems can produce up to 120 parts per hour, supporting rapid response to customer requirements.

The user-friendly press includes advanced features such as equipment serviceability, remote system control, and a high degree of self-diagnostics. It is also equipped with state-of-the-art high pressure hydraulics and a semi-automatic service system for quick and easy service of the unique Quintus flexible rubber diaphragm.

“This investment completes Sona SPEED’s aerospace offering by enabling us to manufacture high-integrity, near-net-shape components with enhanced mechanical properties. The Quintus press integrates seamlessly into our production line, allowing the delivery of flight-critical parts with reduced lead times and improved material performance – essential for aerospace and space missions,” notes Mr. Korff.

To support long-term operational reliability, Sona SPEED has chosen to participate in the Quintus® Care Program, a customized service solution that ensures operational reliability, maximum performance, controlled annual costs, and long-term partnership.

The program includes forming process and tool design support, access to Quintus Application Centers, prioritized technical assistance, and reliable availability of spare and wear parts. It also provides annual press inspections, operator training, and personnel recertification to maintain high levels of technical competence and production readiness.

“The added value of the high pressure process allows Sona SPEED to meet the quality, volume, and cost demands for sheet metal parts in major industrial sectors across the globe,” comments Johan Hjärne, CEO of Quintus Technologies. “We are pleased to be a strategic partner as they scale operations, invest in advanced manufacturing technologies, and enhance their engineering capabilities.”

The press will be installed in Sona SPEED’s 100,000-square-foot advanced manufacturing facility on the outskirts of Bengaluru (Bangalore), India in mid-December 2026.

About Quintus Technologies

Quintus Technologies is the global leader in high pressure technology. The company designs, manufactures, installs, and supports high pressure systems in four main areas: densification of advanced materials; sheet metal forming; battery processing; and high pressure processing for food and beverage innovation, safety, and shelf life. Quintus has delivered approximately 1900 systems to customers within industries such as energy, medical implants, space, aerospace, automotive, and food processing. The company is headquartered in Västerås, Sweden, with a presence in 45 countries worldwide. For more information, visit Quintus Technologies.

About Sona SPEED

Part of the century-old Sona Group, a premier business group in India, Sona Special Power Electronics & Electric Drives (Sona SPEED) was established in 2003 as an R&D division specializing in cutting-edge mechatronics manufacturing solutions. The company provides a comprehensive range of metal treatment solutions tailored to the specific needs of a worldwide client base across industries like aerospace, defense, heavy equipment, medical wearables, space, marine, industrial, automotive, and more. Sona SPEED’s unwavering commitment to precision and quality in metal treatments is reflected in state-of-the-art facilities and advanced technology that ensure the delivery of products that excel in performance and durability, thus meeting highest standards required for the most sophisticated and mission-critical applications. To know more, go to Sona SPEED.

Media Contact

Peter Henning, Quintus Technologies, 46 736 20 24 49, peter.henning@quintusteam.com, quintustechnologies.com

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SOURCE Quintus Technologies

Technology

Hannover Messe 2026: Zoomlion Debuts Robot Ops, Showcasing Industrial AI and Intelligent Manufacturing Capabilities

Published

7 minutes ago

April 22, 2026

HANNOVER, Germany, April 22, 2026 /CNW/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion” or “the Company”; 1157.HK) has made the global debut of its embodied intelligence operating system, Robot Ops, at Hannover Messe 2026, taking place from April 20 to 24. At the event, Zoomlion is showcasing the robot operating system for industrial applications, along with its industrial AI and intelligent manufacturing (IM) solutions. Through live demonstrations and themed presentations, Zoomlion is highlighting its latest advances in embodied intelligence development platforms and IM practices.

Built for the Software 3.0 era, Robot Ops is a professional embodied intelligence development platform centered on the engineering concept of “Data, Software, and Agents.” It integrates DevOps, DataOps, and AgentOps into a full-stack, engineering-grade solution, enabling coordinated development across software, data, and intelligent agents.

The platform comprises four modules: basic tools, imitation learning, reinforcement learning, and task orchestration, enabling full-lifecycle management from data collection and model training to simulation verification, application development, and deployment maintenance. Designed to be ready to use with a low barrier to adoption, Robot Ops improves closed‑loop iteration efficiency by over 50%.

It directly addresses four key industry challenges: high technical barriers, scenario migration difficulty, data bottlenecks, and lack of lifecycle management. By providing a standardized, replicable engineering path for large‑scale deployment, Robot Ops can be widely adapted to humanoid robots, industrial robots, construction machinery, and autonomous driving. As one platform empowering multiple industries, it supports a more scalable and standardized approach to embodied intelligence development.

At Hannover Messe 2026, Zoomlion is presenting live demonstrations under the unified scheduling of Robot Ops, in which a wheeled humanoid robot and a logistics mobile robot collaborate on a logistics-sorting scenario, while the first-generation mass-produced humanoid robot Z1 performs a dance routine and dynamic motion-control demonstration. The multi-robot collaborative demonstration shows how Robot Ops connects algorithms, task orchestration, and on-site execution.

Zoomlion is also presenting its Industry 5.0 IM solutions, including insights into Zoomlion Smart Industrial City. The showcase highlights how digital technologies such as intelligent scheduling, industrial AI, digital twins, and end-to-end intelligent logistics are integrated into manufacturing processes.

Zoomlion is exhibiting at Booth D76 in Hall 15 and Booth D70 in Hall 11, the China Pavilion. The Company is also co-exhibiting with Amazon Web Services (AWS) and participating in the China Pavilion’s “Invest in China” launch ceremony.

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SOURCE Zoomlion

Technology

Realm Raises $4.5M to Bring the ‘Cursor Moment’ to Enterprise Sales

Published

7 minutes ago

April 22, 2026

HELSINKI, April 22, 2026 /PRNewswire/ — Realm has raised a $4.5 million Seed round to speed up enterprise sales cycles. Its platform gives AI the structured context needed to automate deal-defining materials like RFP responses. The round was led by Frontline Ventures, with participation from HubSpot Ventures, Slack Co-founder Cal Henderson and Deel Co-founder Alex Bouaziz.

Realm CEO Mikko Mäntylä believes revenue work is next to undergo the agentic revolution that has already transformed software development.

“Tools like Cursor and Claude Code have fundamentally changed programming. Developers now manage fleets of agents, often running five to ten simultaneous tasks in different terminal windows,” Mäntylä says. “The best revenue teams are starting to replicate this approach, offloading RFP responses, security questionnaires, and other customer-facing materials to AI.”

However, the shift is still held back by a fundamental constraint. Unlike in software development, where the codebase provides structured context for AI, revenue teams work with fragmented systems and unstructured data. Critical information, such as why a deal was won, has to be pieced together from subtle, scattered signals.

Realm solves this by turning raw information into a structured representation of a company’s market, products, pipeline, and strategies. This purpose-built context graph mirrors how human sellers are onboarded and gives agents the foundation they need to contribute effectively.

“Our customers use Realm to draft their most important deliverables, from multi-million dollar bids to business cases that will make or break months of work,” Mäntylä says. “Typically, 70-80% of Realm’s work is approved as-is. Any edits feedback into Realm’s context, creating a compounding record that everyone in the organisation benefits from.”

That institutional memory extends beyond Realm’s own application. The platform integrates with Slack, CRMs, and AI assistants like Claude and ChatGPT, allowing teams to leverage Realm’s context and agents wherever they already work.

“The GTM stack has been built to record and report on what has already happened,” says George Radford from Frontline Ventures. “The emerging paradigm is tools that actually do the work, and Realm is building at the forefront of this shift. The team’s exceptional execution velocity and the rate at which customers are expanding usage convinced us Realm is the right team to back.”

The company will use the fresh funding to triple its team by the end of the year and accelerate its entry into the US.

About Realm

Realm builds a structured understanding of a company’s go-to-market and turns it into execution. As a result, work like RFPs, security reviews, and deal coordination happens in the background, not at the expense of time with buyers. Founded in 2023 by former Slush leaders Mikko Mäntylä and Miika Huttunen alongside Johan Jern, Realm is headquartered in Helsinki, Finland. Realm’s customers include Visma, Aiven, and Hostaway. Learn more: https://www.withrealm.com/

About Frontline Ventures

Frontline Ventures backs the most ambitious tech companies across the US and Europe, and positions them to win the transatlantic market. Frontline Seed backs European Seed startups when early US traction is critical to hyperscale. Frontline Growth backs US scaleups at Series B-D when European revenues are essential to IPO-readiness. Frontline Ventures’ portfolio includes companies like Navan, Lattice, and Vanta. Learn more: https://frontline.vc/

About HubSpot Ventures

HubSpot Ventures partners with ambitious entrepreneurs who are redefining how businesses grow and operate. The fund backs early- and growth-stage software companies building products that deliver unique value to HubSpot’s customer base, with a mission to help millions of organizations grow better. HubSpot Ventures’ portfolio includes companies like Clay, ElevenLabs, and Lovable. Learn more: https://www.hubspot.com/ventures.

Media Contact
Mikko Mäntylä
CEO & Co-founder
mikko@withrealm.com

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SOURCE Realm Technologies Oy