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The Tel-Aviv Stock Exchange Reports the Results of the Financial Statements for the Second Quarter and the First Half of 2024

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TASE records adjusted profit of close to NIS 26 million in the second quarter, compared to NIS 20 million last year 

Revenue in the second quarter of 2024 totals NIS 105.1 million, a 13% increase compared to NIS 92.9 million in the corresponding quarter last yearAdjusted EBITDA in the second quarter of 2024 totaled NIS 45.8 million, compared to NIS 35.6 million in the corresponding quarter last year, an increase of 29%Adjusted net profit in the second quarter of 2024 totaled NIS 25.7 million, compared to NIS 20.4 million in the corresponding quarter last year, an increase of 26%

Ittai Ben Zeev, TASE CEO, said today: “TASE continues to show resilience and support the Israeli economy against the backdrop of the ongoing war. We continue to push forward with technological innovation, implementing advanced infrastructure and promoting collaborations in order to upgrade the market, remove barriers and enhance its global accessibility. Now more than ever we are resolved to continue developing the capital market, as part of our unwavering commitment to the Israeli economy, which is pivotal to our national strength.

As part of these efforts, we recently published, in cooperation with the Israel Securities Authority and the Bank of Israel, a call for public comments on the proposal to align the TASE trading week with the global standard; a strong positive response was received in favor of changing to a Monday-through-Friday trading week. We are confident that this strategic move that will make TASE more readily accessible for global investors and increase their involvement in the Israeli capital market, benefiting the Israeli economy in general and the local companies in particular. We are currently examining all the public comments received in order to reach the most fitting solution, both for international investors and for the Israeli capital market.”

TEL AVIV, Israel, Aug. 7, 2024 /PRNewswire/ — The Tel-Aviv Stock Exchange Ltd. (TASE: TASE) today announced its financial results for the second quarter ended June 30, 2024.

Trading volumes rose significantly in the first half of the year with growth in indices and solid issuance activity

In the first half of 2024, in the midst of the war, the TA-125 index increased by 3.5%, compared to the 3.8% for the Dow Jones index and compared 14.5% for the S&P 500 index. Equity price rises characterized most sectoral indices, with the TA-Retail index leading the list with a 13% increase, followed by the high-tech companies’ indices – TA-Technology and TA-Global Bluetech, with a 10% and 9% increase, respectively, compared to the concurrent 17% increase in the NASDAQ 100 index. The market cap of the equity market at the end of the first half of the year reached NIS 1,087 billion, a 3% increase over 2023.

Trading volumes in the main trading channels increased significantly in the first half of the year compared to 2023.

In the equity market, trading volumes were 8% higher than the average daily trading volume for all of 2023, and averaged NIS 2.1 billion a day.

The average daily trading volume of bonds reached NIS 4.5 billion in the first half of the year, 15% higher than the average daily trading volume in the year 2023. This increase was driven mainly by the increase in the trading volume of the government shekel bonds, which totaled NIS 2.3 billion, compared to an average of NIS 1.9 billion in the previous year. CPI-linked government bonds also showed stronger trading volumes, at an average daily volume of NIS 1 billion, 1% greater than the average daily trading volume in the full year 2023. The trading volume of corporate bonds averaged NIS 1.1 billion, 12% greater than the average daily trading volume in the previous year.

T-bills also recorded substantial trading volumes in the first half of the year, at a daily average of NIS 1.7 billion, 19% higher than the average daily trading volume in 2023.

Creations and redemptions of mutual funds reached an average daily volume of NIS 1.8 billion, 28% greater than the average daily volume in the year 2023. The market cap of the mutual funds at the end of the first half of the year reached NIS 375 billion, 14% greater than the market cap at the end of 2023, this as a result of acquisitions of mutual funds and the appreciation of the mutual funds’ assets on TASE.

In the first half of the year, 3 companies completed an IPO on TASE, compared to only one company in 2023.

Against the backdrop of the ongoing war and the growing deficit, the Ministry of Finance continued to raise debt in the second quarter of the year. The total amount of debt raised by the Ministry of Finance in bond offerings in the first half of the year totaled NIS 124.4 billion, compared to NIS 76.7 billion in the second half of 2023. NIS 95.7 billion of said amount was raised on TASE.

Continued implementation of the strategic plan – alignment with global standards and diversification of investment products

TASE continues to implement the strategic plan, with significant emphasis on the enhancement of global activity, the alignment of standards and the removal of trading barriers in the interfaces with the international markets.

Further to a call for public comments, published by TASE in collaboration with the Israel Securities Authority and the Bank of Israel, regarding the proposed transition to trading on Fridays as well, in line with the global standard, TASE announces that the proposed move received a very positive response from local and international investors, with a majority supporting a transition to a Monday through Friday trading week. TASE is currently considering options for the implementation of this alignment that would optimally benefit the local capital market and the international investors.

TASE continues to work in cooperation with the various authorities and regulators. Thus, for example, in mid-July, the Ministerial Legislation Committee approved the Securitization Law, which will facilitate, for the first time in Israel, the execution of securitization transactions, in alignment with global practices. Once the legislation is passed by the Knesset, TASE hopes to implement it and open the market already in 2025. In addition, the Israel Securities Authority has recently approved the launch of new money market funds with fixed dates, offering the public access to predetermined yield, this alongside the existing money market funds, allowing for greater product diversity for the benefit of the public.   

TASE continues to actively encourage new brokers to enter the Israeli capital market – since the end of May, Altshuler Shaham Trade is active as a member on TASE and TASE Clearing House, bringing the number of TASE members up to 25, compared to 24 at the end of 2023.

In addition, TASE continues to expand and diversify the range of products and to invest, among others, in new exclusive indices, this as part of its strategy of developing and upgrading the market, especially with the public in mind. In June, for the first time, TASE launched new indices with Kesem, Israel’s largest fund company. In mid-July, TASE announced the launch of 7 additional equity and bond indices, some of which are designated for further collaborations between TASE and the various product issuers.

In the derivatives market, at the beginning of June, TASE reduced the multipliers of options on the TA-35 index, the TA-Banks5 index and the TA-125 index, as well as those of the foreign exchange derivatives traded on TASE. Part of the sources that will derive from the reduction of the underlying assets’ multipliers will be allocated to the development of the market and the enhancement of liquidity in the derivatives’ market by way of a volume rebate program.

Highlights of the results for the second quarter and the first half of 2024:

Revenue in the second quarter of 2024 totaled NIS 105.1 million, compared to revenue of NIS 92.9 million in the corresponding quarter last year, an increase of 13%. The increase in revenue is due mainly to an increase in revenue from data distribution and connectivity services, as a result of the increased volume of activity and the impact of the updated index-usage fees. The most significant revenue item – trading and clearing commissions – totaled NIS 38.8 million in the second quarter of the year, compared to NIS 35.5 million in the corresponding quarter last year. 15% of the increase in revenue from trading and clearing commissions is due to an increase in the trading volumes and in the volume of creations/redemptions of mutual fund units. In opposition, a reduction in the effective commission rate in revenue from mutual funds and T-bills reduced the aforesaid increase in revenue by 4%, and there being one less trading day in the current quarter reduced revenue by an additional 2%.

Costs in the second quarter of 2024 totaled NIS 74.8 million, compared to costs of NIS 72.6 million in the corresponding quarter last year, a 3% increase. The higher costs are due mainly to the increase in payroll expenses and technological investments and in computer and communication expenses.

Net financing income in the second quarter of 2024 totaled NIS 2 million, compared to net financing income of NIS 3.6 million in the corresponding quarter last year, a 45% decrease. Financing income in the quarter increased due to interest income on the deposits. At the same time, financing expenses also increased as a result of a bank loan obtained at the end of 2023, resulting in reduced net financing income.

Tax expenses, net in the second quarter of 2024 totaled NIS 8 million, compared to NIS 5.2 million in the corresponding quarter last year. The increase in the tax expense stemmed from the higher pre-tax profit. The increase in the effective tax rate is due to losses on securities in previous years for which deferred taxes were not created.

The profit in the second quarter of 2024 totaled NIS 24.3 million, compared to NIS 18.8 million in the corresponding quarter last year, an increase of 29%. The increase in profit was due mainly to the increase in revenue, less the increase in costs and in tax expenses, as described above.

The adjusted EBITDA in the second quarter of 2024 totaled NIS 45.8 million, compared to NIS 35.6 million in the corresponding quarter last year, an increase of 29%. Most of the increase is due to the NIS 10 million increase in profit before financing. 

The adjusted profit in the second quarter of 2024 totaled NIS 25.7 million, compared to NIS 20.4 million in the corresponding quarter last year, an increase of 26%. Most of the increase is due to an increase in revenue from services, less the increase in costs and in tax expenses.

Highlights of the results for the first half of 2024:

Revenue in the first half of 2024 totaled NIS 213.4 million, compared to revenue of NIS 192.9 million in the corresponding period last year, an 11% increase. The increase in revenue is due mainly to an increase in revenue from data distribution and connectivity services, as a result of the increased volume of activity and the impact of the updated index-usage fees.

Costs in the first half of 2024 totaled NIS 150.1 million, compared to costs of NIS 142.6 million in the corresponding period last year, a 5% increase. The higher costs are due mainly to the increase in payroll expenses and technological investments and in computer and communication expenses.

Net financing income in the first half of 2024 totaled NIS 3.4 million, compared to net financing income of NIS 6.1 million in the corresponding period last year, a 44% decrease. Financing income in the period increased due to interest income on the deposits. At the same time, financing expenses also increased as a result of a bank loan obtained at the end of 2023, resulting in reduced net financing income.

Net tax expense in the first half of 2024 totaled NIS 16.7 million, compared to NIS 12.2 million in the corresponding period last year, a 37% increase. The increase in the tax expense stemmed from the higher pre-tax profit. The increase in the effective tax rate is due to losses on securities in previous years for which deferred taxes were not created.

The profit in the first half of 2024 totaled NIS 50 million, compared to NIS 44.3 million in the corresponding period last year, a 13% increase. Most of the increase in profit was due to the increase in revenue, less the increase in costs and in tax expenses, as described above.

The adjusted EBITDA in the first half of 2024 totaled NIS 94.4 million, compared to NIS 79.1 million in the corresponding period last year, a 19% increase. The increase is due to an increase of NIS 12.9 million in profit before financing, eliminating share-based payment expenses and depreciation expenses in an amount of NIS 2.4 million.

The adjusted profit in the first half of 2024 totaled NIS 53.5 million, compared to NIS 46.5 million in the corresponding period last year, a 15% increase. Most of the increase is due to an increase in revenue from services, less the increase in costs and in tax expenses and the adjustment of the increase in costs with respect to share-based payments.

Click here for the link to the full financial statements for the second quarter of 2024>

Click here for the link to the financial presentation of the second quarter of 2024>

This notification does not supersede that stated in the periodic financial statements of the Company, which contain the full and accurate information.

Seasonality

The revenue of the Company from trading and clearing is affected, inter alia, by the number of trading and clearing days. In the second quarter of 2024, there were 57 trading days, compared to 58 days in the corresponding quarter last year, a 1.7% decrease. In the first six months of 2024 there were 120 trading days, compared to 122 days in the corresponding period last year, a 1.6% decrease. Presented below is information on the quarterly breakdown of trading days:

 

Year

First
quarter

Second
quarter

Third
quarter

Fourth
quarter

Total

2023

64

58

61

66

249

2024

63

57

65

58

234

 

Contact:
Orna Goren
Head of Communication and Public Relations Unit
Tel: +972 76 8160405
tase.ir@tase.co.il

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SOURCE The Tel Aviv Stock Exchange Ltd.

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ACEC California Awards More Than $100,000 in Scholarships to Engineering and Land Surveying Students

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SACRAMENTO, Calif., May 4, 2026 /PRNewswire/ — The American Council of Engineering Companies of California (ACEC California) has announced the recipients of its 2026 Scholarship Program, awarding a total of $102,500 to 14 students, including six graduate students and eight undergraduates, pursuing degrees in engineering and land surveying at colleges and universities throughout California.

Administered by the ACEC California Scholarship Foundation, the annual program supports accomplished undergraduate and graduate students preparing for careers in engineering and land surveying. In addition to scholarships awarded by ACEC California, students may also receive accompanying funds through the ACEC national organization and local ACEC California chapters.

“I commend the American Council of Engineering Companies of California for its investment in students that helps strengthen California’s infrastructure and engineering workforce,” said Senator Dave Cortese (D-San Jose). “These scholarships expand access to the education and training needed for students to pursue meaningful careers in engineering and land surveying related fields. California’s future depends on a strong pipeline of skilled professionals, and programs like this ensure our communities will benefit from their expertise for decades to come. I commend San Jose State University student, and Senate District 15 resident, Thao Huynh, along with all recipients of this prestigious scholarship program.”

The 2026 scholarship recipients reflect a strong combination of academic achievement and real‑world experience, pairing rigorous coursework with internships, professional employment, applied research and leadership roles in student and industry organizations. The group also represents the diverse pathways into today’s engineering and land surveying professions, including first‑generation college students, veterans, and professionals returning to school to advance their careers.

“ACEC California is honored to recognize these exceptional students who represent the future of our industry,” said Tyler Munzing, executive director of ACEC California. “As our state continues to prioritize the modernization of our critical infrastructure, investing in the next generation of engineers and land surveyors has never been more vital. We are proud to support these dedicated individuals as they prepare to lead California toward a more innovative and efficient future.”

More than 150 applications were reviewed by the ACEC California Scholarship Foundation’s volunteer Board of Trustees, chaired by Chris Diaz of Diaz•Yourman & Associates. Trustees include Donald Blackburn of Blackburn Consulting; Jeff Gavazza of KPFF Consulting Engineers; Michael Jaeger of Tanner Pacific; Henry Liang of MKN, an Ardurra Company; Jane Rozga of GHD; and Aundrea Tirapelle of Psomas.

Scholarship funds will be distributed to recipients at the beginning of the fall 2026 semester.

2026-27 Scholarship Foundation Award Recipients

Todd Allen-Gifford, Stanford University, pursuing a master’s in structural engineering and construction engineering.Owen Daulton, Loyola Marymount University, pursuing a master’s in mechanical engineering.Thao Huynh, San Jose State University, pursuing a bachelor’s in software engineering.Caden Kakoschke, California State University, Long Beach, pursuing a bachelor’s in mechanical engineering and naval architecture and marine engineering.Gaurav Kumar, University of California, Los Angeles, pursuing a bachelor’s in computer engineering.Grace Murphy, California Polytechnic State University, San Luis Obispo, pursuing a bachelor’s in mechanical engineering.Carlos Navea, San Diego State University, pursuing a master’s in civil engineering and structural engineering.Ryan Nguyen, California Polytechnic State University, Pomona, pursuing a master’s in civil engineering.Jacey Niiya, Stanford University, pursuing a master’s in structural engineering.Peter Otoshi, California Polytechnic State University, Pomona, pursuing a bachelor’s in civil engineering.Emily Petersen, California State University, Fresno, pursuing a bachelor’s in surveying and geomatics engineering technology.Paisley Tabor, Stanford University, pursuing a bachelor’s in mechanical engineering.Victor Vega, University of the Pacific, pursuing a bachelor’s in civil engineering and structural engineering.Zenia Zipp, California State University, Fresno, pursuing a master’s in civil engineering and surveying and geomatics engineering.

Learn more about the ACEC California Scholarship Foundation program and the awarded students at www.acec-ca.org/scholarship.

ACEC California represents over 1,000 engineering and land surveying firm offices and nearly 25,000 professionals who are involved in all aspects of the design, construction, and repair of California’s residential, commercial, industrial, and public works infrastructure.

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SOURCE American Council of Engineering Companies, California

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HDT Conducts Hunter WOLF Training with 10th Mountain Division

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Second training event in one month highlights continued Army engagement, evaluation

FREDERICKSBURG, Va., May 4, 2026 /PRNewswire/ — HDT Robotics is conducting a new round of training and evaluation activities with Hunter WOLF unmanned ground vehicles (UGVs) at Fort Polk, Louisiana, with soldiers from the U.S. Army’s 10th Mountain Division.

The Hunter WOLF is a robotic multi-mission unmanned ground vehicle designed to reduce workload, extend operational duration, and keep soldiers in the field longer, with less fatigue and at safer distances. Built specifically for military operations, it delivers mobility, payload, and power in a compact system, engineered to perform in demanding environments where commercial vehicles fail.  

“The Hunter WOLF is a proven platform that’s ready to support operations today. It’s not a concept still in development like other options,” said Tom Van Doren, President, Robotics Sector at HDT Robotics. “Training directly with units like the 10th Mountain Division ensures the system continues to meet operational requirements and provides a dependable solution the military can confidently deploy.”

The training event will provide hands-on experience for soldiers in one of the Army’s elite light infantry units, known for rapid deployment and operations in complex, extreme environments, including mountainous and cold-weather conditions. During the event, soldiers will operate and evaluate the Hunter WOLF in real-world scenarios, gaining experience in system operation, mission integration, and sustainment across a range of mission tasks.

“Training events like this show how adaptable the Hunter WOLF’s modular design is across different mission requirements,” said John Conway, VP of Business Development, Robotics at HDT Robotics. “Soldiers are able to configure it quickly and apply it to operational tasks without adding complexity.”

During training, soldiers will operate Hunter WOLF vehicles configured for communications, sustainment, support, and employment of equipment normally too heavy for dismounted units to transport, such as loitering munitions. These configurations include:

Two Vehicle-mounted Tactical Radios (AN/VRC-158)Five Universal Battery Chargers (UBC)60-gallon Water Purification SystemsCasualty Evacuation (CASEVAC)15kW Mobile Power Export (120/240VAC inverter offload)Extended Cargo Rails for Equipment Transport

The training marks the second Hunter WOLF event conducted with the Army in the past month, reinforcing HDT’s commitment to delivering proven, field-ready robotic platforms that enhance operations while prioritizing soldier safety.

About HDT Robotics: HDT develops rugged, modular robotic systems to perform tasks in hazardous and demanding environments. Building on a legacy of advanced government and industrial robotics development, the company engineers precision manipulators and mobile platforms that reduce personnel risk while enabling critical operations in expeditionary, contaminated, or unsafe environments. For more information, visit HDTHunterWOLF.com.

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SOURCE HDT Robotics

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Roomba Pioneer Colin Angle Unveils New Venture, Familiar Machines & Magic, Introducing a New Platform for Consumer Physical AI

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After building iRobot into a multi-billion-dollar business and architecting the global consumer robotics industry, Angle launches a new company to build emotionally intelligent robots designed for trust, interaction, and long-term connection.

BOSTON, May 4, 2026 /PRNewswire/ — More than two decades after introducing the Roomba and helping define consumer robotics, Colin Angle is returning with a more ambitious vision: Artificial Life. On stage today at The Wall Street Journal’s Future of Everything conference, Angle unveiled Familiar Machines & Magic, bringing the company out of stealth and introducing Familiars – physically embodied AI systems designed to perceive, adapt, and interact with people in ways that feel natural and consistent.

“The next era of robotics is not just about dexterity or humanoid form – it’s about machines that can build and sustain human connection,” said Colin Angle, cofounder and CEO of Familiar Machines & Magic. “Today, we’re emerging from stealth to share our vision for systems that move beyond task execution and become a natural part of daily life.”

FM&M uses the term “Familiars” to describe emotionally intelligent, physically embodied AI systems that perceive their environment, develop a distinct personality, and respond in ways that learn and evolve through life with the people around them.

Physical AI’s Next Frontier: From Capability to Human Connection
The global race to build Physical AI is on. From humanoid robots promising factory labor to autonomous systems reshaping logistics, tens of billions of dollars are flowing into machines designed to move, lift, sort, and transport. But this is only half the opportunity – the back-end, industrial physical AI opportunity. The other half is consumer-facing, for all of the use cases where robots will interact with humans, and it requires a fundamentally different approach.

Consumer Physical AI demands human connection – the ability to not just perform physical tasks, but to understand, communicate, and respond in ways that feel intuitive and supportive. This opportunity extends across daily life – anywhere people and machines intersect – not just within the home.

Consumer Physical AI outperforms screens in these types of emotional work because people respond more strongly to physical presence. While chatbots are widely used for emotional support, they are often less effective and beneficial for their users.

FM&M is focused on developing Consumer Physical AI systems that deliver this kind of interaction at scale by building Familiars.

The company’s leadership team has already brought consumer robotics to global scale. As leaders behind the Roomba platform at iRobot, they deployed more than fifty million robots into homes worldwide, turning a once-experimental category into a household technology. FM&M also brings together talent from Disney Research, MIT, Amazon, Boston Dynamics, Bose, and Sonos, applying deep experience in robotics, AI, and human-machine interaction to this next frontier.

Bringing Familiars to Life: Meet the First Familiar
During a live conversation with Wall Street Journal Technology columnist Christopher Mims at Future of Everything, Angle introduced the first Familiar – the inaugural system powered by FM&M’s Consumer Physical AI platform.

“iRobot proved that robots could deliver value at scale,” Angle said. “But they were still task machines. My goal has always been to create systems that understand context, remember interactions, and behave with consistency over time. That’s what we’re doing at Familiar Machines & Magic.”

A Familiar is purpose-built for social interaction rather than industrial performance. Its hardware and AI architecture are optimized for expressive, whole-body movement that communicates attention, awareness, and intent without relying on a screen.

The first Familiar is a quadruped, specifically designed for human-robot interaction, with 23 degrees of freedom enabling both lifelike movement and expressive behaviors. The Familiar is covered with a custom touch-sensitive coat, a vision system, and a microphone array and audio system, to support rich interactions. Its onboard edge AI stack is powered by a custom small multimodal model optimized for social reasoning, combining vision, audio, language, and memory to create socially responsive behaviors in real time.

Unlike humanoid robots designed to replicate human form for industrial uses, the Familiar is intentionally designed to be approachable and expressive, with a form factor optimized for interaction in everyday environments. It integrates context, memory, and adaptive behavior to create a consistent presence over time. Familiars are optimized for interaction, for presence, and for everyday use.

Today’s reveal marks FM&M’s emergence from stealth, not a commercial product launch. Specific applications, form factors, and timelines will be shared in future updates.

The Path Forward: The First to Scale Physical AI
The Consumer Physical AI market will not be won by the most impressive demo – but by the system people choose to live with. Familiar Machines & Magic is building a Physical AI platform focused on real-world deployment, measurable value, and responsible scaling.

Unlike cloud-dependent AI systems that rely on continuous data streaming, FM&M’s architecture prioritizes on-device, edge AI to reduce latency and strengthen privacy. The company has also established clear data governance guardrails as it develops systems designed for daily life.

By focusing on systems that can scale broadly, FM&M is building a platform that improves through real-world use rather than speculative demonstrations.

Follow the Journey
Familiar Machines & Magic will share updates, research, and progress as it develops its Familiars platform; this is just the beginning. If you’re curious what life with a Familiar could look like, sign up at familiarmachines.com or follow FM&M on LinkedIn and X.

About Familiar Machines & Magic
Familiar Machines & Magic is pioneering Consumer Physical AI, beginning with Familiars – physically embodied AI systems designed to form long-term, emotionally intelligent relationships with people. The company’s mission is to create artificial life to build a more caring world.

Founded by Colin Angle, cofounder and former CEO of iRobot, FM&M builds on more than three decades of consumer robotics experience. Angle is joined by cofounders Ira Renfrew, Chief People and Product Officer (C2PO), and Dr. Chris Jones, Chief Research and Development Officer (CRDO) – veteran robotics and AI leaders with experience spanning iRobot, Amazon, and other global consumer technology platforms.

Collectively, the founding team has deployed over 50 million consumer robots worldwide and led advances in navigation, machine learning, and human-robot interaction. The broader team brings additional expertise from institutions including Disney Research, MIT, Boston Dynamics, and USC.

With offices in Boston, LA, and Hong Kong, Familiar Machines & Magic is building a long-term platform for Artificial Life in partnership with leading researchers, engineers, and strategic collaborators.

For more information, visit: familiarmachines.com.

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SOURCE Familiar Machines & Magic

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