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SugarShot Joins Treeline as First Design Partner in a New Model for Managed IT

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Two years in: revenue nearly doubled, 24/7 global support live, and SugarShot’s white-glove service model left intact

LOS ANGELES and SAN FRANCISCO, Aug. 11, 2026 /PRNewswire/ — Treeline announced that SugarShot, the Los Angeles-based managed services provider, joined the company in August 2024 as its first design partner. In the two years since, SugarShot has nearly doubled its revenue while keeping the client teams that define its brand.

Treeline is challenging the decades-old acquisition playbook: that scale and efficiency come at the expense of the client experience. Treeline’s model inverts that assumption. SugarShot keeps its structure, leadership, and ways of working with clients. What it gains is engineering capabilities, institutional credibility, and ultimately, the ability to scale impact without sacrificing client experience.

That strategy has paid off; since August 2024, SugarShot has grown revenue nearly 100% by going deeper with existing clients and landing new, larger accounts. Headcount has grown 68%, all while service delivery quality continued to improve.

“By pairing the strongest companies and operators in this market with world-class engineering and go-to-market capabilities, Treeline can build and define the future of this industry,” said Peter Doyle, CEO of Treeline. “One that doesn’t depart from the value of people and high-touch service, but leverages software development, automation, and AI to provide a better experience to customers who are constantly growing and evolving.”

For clients, the SugarShot experience stayed consistent. “Clients are still able to work and interact with the same people who already know their environment and own the problem until it’s closed,” said Brandon Fox, Head of Technology at SugarShot. “What has changed is that I trust every ticket is triaged, worked, and escalated inside our service levels, which means I finally get to work on the business instead of in it.”

SugarShot has expanded the range of the work it can take on. Tina Grintjes, Director of Operations, said, “Historically, our conversations were primarily around managed IT, security, and technology operations. Today, through Treeline, we can have much broader conversations around AI, compliance, cloud infrastructure, and more. We can grow alongside our clients in ways we simply couldn’t before.”

Before joining Treeline, roughly 5% of SugarShot’s client base had significant overseas operations; today, about 50% of new clients do. SugarShot has also stood up a follow-the-sun support model, giving clients 24/7 coverage and eliminating the weekday on-call rotation for its technicians.

“We are now partnering with clients that we would never have partnered with if Treeline hadn’t pushed us to look at them differently, and there are also clients Treeline would never have won without SugarShot,” said Pam Boston, CEO of SugarShot. “It’s truly a two-way street. Treeline has given us not only the resources, but also the encouragement, to really run headfirst into opportunities that we might not have looked twice at in the past.”

SugarShot was Treeline’s first design partner. Treeline is excited to be applying learnings from the success with SugarShot as the business selectively brings additional partners into the model.

About SugarShot

SugarShot is a Los Angeles-based managed services provider, formed in 2018. The company delivers managed IT, cybersecurity, and technology solutions to mid-market companies, with a focus on healthcare and manufacturing. SugarShot is led by CEO Pam Boston and has been part of Treeline since August 2024.

About Treeline

Treeline is a modern IT and security partner for mid-market and scaling companies, delivering the ownership and accountability of an internal team without the cost of building one. Built on AI-native infrastructure and backed by Andreessen Horowitz, Treeline works with best-in-class service providers to bring that model to clients.

Media Contact: press@treeline.ai

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SOURCE Treeline, Inc.

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The Future of News Has a Name: Meet ‘Hamilton’ from New York Post Media Group

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New York Post Media Group collaborates with Google Cloud to launch Hamilton, a personalized news experience built with the Gemini Enterprise Agent Platform

New experience brings conversational search, custom news digests and smarter discovery to readers of The New York Post and The California Post

NEW YORK and LOS ANGELES, Aug. 11, 2026 /PRNewswire/ — New York Post Media Group (NYPMG), home of The New York PostThe California PostPage SixPage Six Hollywood and Decider, today announced the launch of Hamilton, a free, personalized news experience that transforms how readers discover, consume, and engage with journalism. Developed with Google Cloud’s full-stack AI, including Gemini Enterprise Agent Platform, Hamilton is rolling out across The New York Post and The California Post apps, combining conversational search, personalized news digests, tailored recommendations, and intelligent notifications into a single reader experience built for the next era of news consumption.

As The New York Post approaches its 225th anniversary this fall, Hamilton represents the latest chapter in the brand’s long history of innovation, bringing cutting-edge technology to one of America’s most iconic media institutions, while maintaining the sharp reporting, distinctive voice, and editorial standards readers trust. Named for New York Post founder Alexander Hamilton, Hamilton reflects the organization’s continued commitment to serving readers as they discover and engage with journalism.

Hamilton serves as readers’ personal curator, creating a customized experience based on individual interests and reading habits. Through a dedicated Hamilton tab within The New York Post and The California Post apps, and also integrated throughout the entire app experience, readers can ask questions about stories and topics in a natural, conversational format; receive personalized news digests throughout the day; discover articles tailored to their interests; and engage more directly with The Post’s signature reporting and commentary.

Key features include:

Hamilton Search: An AI-powered, citation-backed conversational search experience that transforms years of Post reporting into an interactive dialogue. Readers can ask questions in natural language, explore developing stories through personalized follow-up prompts, and instantly access sourced answers and related coverage from across The Post’s newsroom. Built on Google Cloud’s secure-by-design infrastructure, and with Gemini and Agent Search on the Gemini Enterprise Agent Platform, Hamilton lets readers talk to The Post the same way they’d talk to a friend. This secure architecture ensures that conversational responses are grounded in The Post’s live newsroom database, delivering citation-backed, highly reliable interactions while ensuring The Post retains enterprise-grade protection over its high-value editorial assets.

Post Express: A dynamic, AI-powered news briefing that delivers personalized digests throughout the day based on each reader’s unique interests and habits. More than a traditional newsletter, Post Express intelligently surfaces the stories readers are most likely to care about, and sends them at the times each individual reader is most likely to engage, creating a truly personalized news experience.

Picked For You: A personalized discovery engine, powered by Google’s Recommendations AI, that continuously learns from reader interests and behavior to surface the stories, topics, and conversations most relevant to them. Unlike generic recommendation feeds, every experience is tailored to the individual reader, making no two Hamilton experiences exactly alike.

Post Voices: A customized destination showcasing commentary, analysis, and opinion from readers’ favorite New York Post and California Post columnists. By connecting audiences directly with the writers and viewpoints they engage with most, Post Voices creates a more personalized way to experience the ideas driving today’s biggest conversations. Unlike many AI-driven media experiences, all editorial content featured through Hamilton originates from Post journalism and remains subject to the newsroom’s editorial standards and oversight. Hamilton does not generate original news reporting or editorial perspectives.

Behind the Technology: Google Cloud’s Gemini Enterprise Agent Platform

Behind the scenes, Hamilton is built on Google Cloud’s secure-by-design infrastructure, Gemini Enterprise Agent Platform, and Google’s advanced Gemini models. Together, these tools allow the app to dynamically route, understand, and synthesize reader queries to deliver instant, citation-backed answers in The Post’s signature voice.

To keep pace with a non-stop, 24/7 newsroom, Google Cloud’s serverless data pipelines automatically power real-time metadata synchronization. This ensures newly published breaking news articles are ingested, indexed, and made searchable within seconds of publication.

“For nearly 225 years, The Post has evolved alongside the way people consume news, from print presses to smartphones and now to AI,” said Sean Giancola, Chief Executive Officer of New York Post Media Group. “Hamilton is the next evolution of that journey, creating a more personalized and conversational way for readers to discover, understand and engage with our journalism. It puts a personalized Post newsroom in your pocket, helping readers get to the stories they care about faster, go deeper on the topics they’re following and discover more of the journalism that keeps them coming back every day.”

“Readers don’t want more noise. They want more relevance, and The Post has always been at its best when it meets readers where they are,” said Keith Poole, editor-in-chief of New York Post Media Group. “Today, that means building experiences that help audiences discover, understand and engage with our journalism in entirely new ways. Hamilton allows readers to explore stories through conversation, creating a smarter and more intuitive way to navigate the news while maintaining the rigorous reporting, editorial judgment and unmistakable Post voice that set our journalism apart.”

“Hamilton is the result of rethinking how a modern news experience should work,” said Ariscielle Novicio, chief technology officer of New York Post Media Group. “Working with Google Cloud and leveraging Gemini Enterprise Agent Platform, we built a platform that can understand reader interests, personalize experiences in real time and create more intuitive ways to discover journalism. Our goal wasn’t simply to add AI features. It was to make The Post smarter, more engaging and more relevant for every individual reader.”

“New York Post Media Group is setting a new blueprint for global publishing by proving how news brands can use AI to deliver deeply personalized experiences that keep reader privacy and control at the center,” said Michael Clark, President of North America, Google Cloud. “Underpinned by Gemini Enterprise Agent Platform, Hamilton delivers a real-time, citation-backed conversational experience that respects the rigorous editorial standards of journalism while meeting the speed and scale of today’s newsrooms.”

To get started with Hamilton, download The New York Post or The California Post app from the App Store or Google Play, create a free account, and tap the Hamilton icon within the app.

About New York Post Media Group

New York Post Media Group is home to the oldest continuously-published daily newspaper in the United States, The New York Post, founded by Alexander Hamilton in 1801. The California Post is the company’s new West Coast news platform. In digital and in print, the California Post delivers sharp, engaging, straight-talking journalism for and about California. The New York Post Media Group portfolio also houses some of the nation’s premier digital destinations for news, sports, and entertainment, including the fabled Page Six gossip column, a world leader in breaking celebrity news that has evolved into its own iconic and powerful brand. The Post Digital Network is composed of the flagship NYPost.com, CaliforniaPost.com, PageSix.com, including Page Six Style, and Decider.com, covering streaming television and movies. The New York Post Media Group is owned by News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).

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SOURCE New York Post Media Group (NYPMG)

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Prometheus Capital Management Corp. Promotes Nick Wetzel, CFP® to Vice President

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YARDLEY, Pa., Aug. 11, 2026 /PRNewswire/ — Prometheus Capital Management Corp. (“Prometheus Capital”), a SEC-registered investment advisor with $442 million in assets under management, today announced the promotion of Nick Wetzel, CFP®, to Vice President.

“I’m honored to step into this role and continue to serve our client base”, said Nick Wetzel

In his new role, Mr. Wetzel will lead the firm’s investment analysis, financial planning, and corporate development functions, working closely with the firm’s leadership team to deepen client relationships and guide Prometheus Capital’s continued growth.

“We are pleased to welcome Nick into a leadership capacity at the firm,” said Stephen Wetzel, President & CEO of Prometheus Capital. “His promotion reflects the depth of his contributions to our clients and to the firm, and his leadership of our investment analysis, planning, and corporate development functions will position Prometheus Capital to serve families with even greater capability in the years ahead.”

Mr. Wetzel’s promotion coincides with his completion of the Master of Business Administration program at Columbia Business School. Having balanced his graduate studies with his responsibilities at the firm on a part-time basis, Mr. Wetzel now returns to Prometheus Capital full time.

Prior to joining Prometheus Capital, Mr. Wetzel was an Investment Banking Analyst & Associate at Goldman Sachs & Co., where he advised on greater than $8 billion of announced deals, including over $6 billion of mergers & acquisitions, $500 million of equity, and $1 billion of debt transactions. He is a CERTIFIED FINANCIAL PLANNER™ professional and earned a B.S. in Finance, Summa Cum Laude, from Fordham University with a concentration in Value Investing.

“Prometheus Capital was built on the belief that families deserve independent, fiduciary advice delivered with genuine care,” said Nick Wetzel. “I’m honored to step into this role and to help carry that standard forward for the next generation of our clients.”

About Prometheus Capital Management Corp.

Prometheus Capital Management Corp. is a family-owned, SEC-registered investment advisor headquartered in Yardley, Pennsylvania. The firm provides investment management and comprehensive financial planning to individuals and families, and manages $442 million in assets under management. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. For more information, visit www.procap.net.

Media Contact:

Nick Wetzel

Prometheus Capital Management Corp.

+1 (215) 321-9312 | nwetzel@prometheuscapital.net

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SOURCE Prometheus Capital Management Corp.

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Silicon Labs Reports Second Quarter 2026 Results

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Wireless IoT leader delivers $228 million in revenue and strong earnings growth

AUSTIN, Texas, Aug. 11, 2026 /PRNewswire/ — Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless, reported financial results for the second quarter, which ended July 4, 2026.

“We delivered revenue of $228 million, continuing our strong sequential and year-over-year growth – a testament to the execution and dedication of the Silicon Labs team,” said Matt Johnson, President and Chief Executive Officer. “Overall profitability improved meaningfully in the quarter, demonstrating the operating leverage inherent in our model. Gross margin was nearly 62%, reflecting the value customers place on our industry-leading solutions.”

Second Quarter Financial Highlights 

Revenue was $228 million, up 18% year-over-yearIndustrial & Commercial revenue was $135 million, up 23% year-over-yearHome & Life revenue was $93 million, up 12% year-over-yearBookings and new orders accelerated, while inventory at both our distributors and end customers declinedMedical achieved record revenue in the quarter, up 78% year-over-yearTotal opportunity funnel and design wins both materially accelerated, reinforcing our durable growth trajectoryGAAP diluted loss per share was $(0.32), improving by 52% over the comparable period last yearNon-GAAP diluted earnings per share was $0.71, up 545% over the comparable period last year

Results on a GAAP basis:

GAAP gross margin was 61.6%GAAP operating expenses were $151 millionGAAP operating loss was $11 millionGAAP diluted loss per share was $(0.32)

Results on a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, merger-related costs, and certain other items as set forth in the below GAAP to Non-GAAP reconciliation tables were as follows:

Non-GAAP gross margin was 61.9%Non-GAAP operating expenses were $114 millionNon-GAAP operating income was $27 millionNon-GAAP diluted earnings per share was $0.71

Due to the announced pending acquisition of Silicon Labs by Texas Instruments, Silicon Labs has suspended providing forward-looking guidance.

For more information: Silicon Labs Investor Relations, investor.relations@silabs.com 

About Silicon Labs 

Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power wireless connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world’s most highly integrated SoCs, Silicon Labs provides device makers the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in the smart home, industrial IoT, and smart cities markets. Learn more at silabs.com.

Forward-Looking Statements

This press release contains forward-looking statements regarding Silicon Labs’ current expectations, which are based on its current views and assumptions. The words “believe”, “estimate”, “expect”, “intend”, “anticipate”, “plan”, “project”, “will”, and similar phrases as they relate to Silicon Labs are intended to identify such forward-looking statements, although the absence of such words does not necessarily mean a statement is not forward looking. These forward-looking statements include, but are not limited to, Silicon Labs’ expectations regarding its near- and long-term strength and durable growth trajectory and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations that are expressed or implied herein. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are the following: our ability to complete the merger with Texas Instruments within the time frame expected, or at all, as well as potential disruptions in our business and restrictions on our activities during the pendency of the merger; fluctuating changes in global trade policies, including the imposition of tariffs, duties, trade sanctions, or other barriers to international commerce; the impact of the current global memory chip shortage; the competitive and cyclical nature of the semiconductor industry; the challenging macroeconomic environment, including disruptions in the financial services industry; geographic concentration of manufacturers, assemblers, test service providers and customers in Asia that subjects Silicon Labs’ business and results of operations to risks of natural disasters, epidemics or pandemics, war and political unrest; risks that demand and the supply chain may be adversely affected by military conflict (including in the Middle East, and between Russia and Ukraine), terrorism, sanctions or other geopolitical events globally (including in the Middle East, and conflict between Taiwan and China); risks that Silicon Labs may not be able to maintain its historical growth; quarterly fluctuations in revenues and operating results; difficulties developing new products that achieve market acceptance; risks associated with international activities (including trade barriers, particularly with respect to China); intellectual property litigation risks; risks associated with acquisitions and divestitures; product liability risks; difficulties managing and/or obtaining sufficient supply from Silicon Labs’ distributors, manufacturers and subcontractors; dependence on a limited number of products; absence of long-term commitments from customers; inventory-related risks; difficulties managing international activities; risks that Silicon Labs may not be able to manage strains associated with its growth; credit risks associated with its accounts receivable; dependence on key personnel; stock price volatility; the impact of public health crises on the U.S. and global economy; debt-related risks; capital-raising risks; the timing and scope of share repurchases and/or dividends; average selling prices of products may decrease significantly and rapidly; information technology risks; cyber-attacks against Silicon Labs’ products and its networks; risks associated with any material weakness in our internal controls over financial reporting; risks relating to compliance with laws and regulations; and other factors that are detailed in the SEC filings of Silicon Laboratories Inc. Silicon Labs disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. References in this press release to Silicon Labs shall mean Silicon Laboratories Inc.

Note to editors: Silicon Laboratories, Silicon Labs, the “S” symbol, and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders. 

Silicon Laboratories Inc.

Condensed Consolidated Statements of Operations 

(In thousands, except per share data) 

(Unaudited)

Three Months Ended

Six Months Ended

July 4,
2026

July 5,
2025

July 4,
2026

July 5,
2025

Revenues

$       228,189

$       192,845

$       441,689

$       370,559

Cost of revenues

87,515

84,736

174,017

164,673

Gross profit

140,674

108,109

267,672

205,886

Operating expenses:

Research and development

95,016

87,821

183,610

176,040

Selling, general and administrative

56,324

43,155

111,810

84,793

Operating expenses

151,340

130,976

295,420

260,833

Operating loss

(10,666)

(22,867)

(27,748)

(54,947)

Other income (expense):

Interest income and other, net

2,489

3,833

6,115

7,626

Interest expense

(251)

(251)

(483)

(535)

Loss before income taxes

(8,428)

(19,285)

(22,116)

(47,856)

Provision for income taxes

2,164

2,532

4,373

4,431

Net loss

$       (10,592)

$       (21,817)

$       (26,489)

$       (52,287)

Loss per share:

Basic

$           (0.32)

$           (0.67)

$           (0.80)

$           (1.61)

Diluted

$           (0.32)

$           (0.67)

$           (0.80)

$           (1.61)

Weighted-average common shares outstanding:

Basic

33,206

32,682

33,084

32,570

Diluted

33,206

32,682

33,084

32,570

Non-GAAP Financial Measurements

In addition to the GAAP results provided throughout this document, Silicon Labs has provided non-GAAP financial measurements on a basis excluding non-cash and other charges and benefits. Details of these excluded items are presented in the tables below, which reconcile the GAAP results to non-GAAP financial measurements.

The non-GAAP financial measurements do not replace the presentation of Silicon Labs’ GAAP financial results. These measurements provide supplemental information to assist management and investors in analyzing Silicon Labs’ financial position and results of operations. Silicon Labs has chosen to provide this information to investors to enable them to perform meaningful comparisons of past, present and future operating results and as a means to emphasize the results of core on-going operations.

Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures

(In thousands, except per share data)

Three Months Ended

July 4, 2026

Non-GAAP Income Statement Items

GAAP

Measure

GAAP

Percent of

Revenue

Stock

Compensation

Expense

Intangible
Asset

Amortization

Merger-
Related Costs

Non-GAAP

Measure

Non-GAAP

Percent of

Revenue

Revenues

$ 228,189

Gross profit

140,674

61.6 %

$        463

$          —

$         —

$         141,137

61.9 %

Research and development

95,016

41.6 %

12,902

2,295

3,289

76,530

33.5 %

Selling, general and administrative

56,324

24.7 %

12,284

6,258

37,782

16.6 %

Operating expenses

151,340

66.3 %

25,186

2,295

9,547

114,312

50.1 %

Operating income (loss)

(10,666)

(4.7 %)

25,649

2,295

9,547

26,825

11.8 %

 

Three Months Ended

July 4, 2026

Non-GAAP Earnings (Loss) Per Share

GAAP

Measure

Stock

Compensation

Expense*

Intangible

Asset

Amortization*

Merger-
Related Costs*

Income

Tax

Adjustments**

Non-

GAAP

Measure

Net income (loss)

$ (10,592)

$     25,649

$       2,295

$       9,547

$      (3,067)

$     23,832

Shares Excluded Due to Net Loss

Diluted shares outstanding

33,206

504

33,710

Diluted earnings (loss) per share

$     (0.32)

$         0.71

*

Represents pre-tax amounts

**

Represents the application of an 18% non-GAAP tax rate

 

Silicon Laboratories Inc.

Condensed Consolidated Balance Sheets 

(In thousands, except per share data) 

(Unaudited)

July 4,
2026

January 3,
2026

Assets

Current assets:

Cash and cash equivalents

$       362,191

$       364,222

Short-term investments

35,051

79,400

Accounts receivable, net

79,801

64,513

Inventories

123,340

95,566

Prepaid expenses and other current assets

70,840

70,316

Total current assets

671,223

674,017

Property and equipment, net

130,902

128,643

Goodwill

376,389

376,389

Other intangible assets, net

18,541

23,130

Other assets, net

56,001

67,138

Total assets

$     1,253,056

$     1,269,317

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable

$          52,407

$          50,717

Deferred revenue and returns liability

5,176

5,359

Other current liabilities

66,563

87,711

Total current liabilities

124,146

143,787

Other non-current liabilities

34,108

31,112

Total liabilities

158,254

174,899

Commitments and contingencies

Stockholders’ equity:

Preferred stock – $0.0001 par value; 10,000 shares authorized; no shares issued

Common stock – $0.0001 par value; 250,000 shares authorized; 33,366 and 32,955
 shares issued and outstanding at July 4, 2026 and January 3, 2026, respectively

3

3

Additional paid-in capital

184,456

157,402

Retained earnings

910,325

936,814

Accumulated other comprehensive income

18

199

Total stockholders’ equity

1,094,802

1,094,418

Total liabilities and stockholders’ equity

$     1,253,056

$     1,269,317

 

Silicon Laboratories Inc.

Condensed Consolidated Statements of Cash Flows 

(In thousands) 

(Unaudited)

Six Months Ended

July 4,
2026

July 5,
2025

Operating Activities

Net loss

$       (26,489)

$       (52,287)

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

Depreciation of property and equipment

12,171

12,701

Amortization of other intangible assets

4,589

8,780

Stock-based compensation expense

46,704

39,605

Deferred income taxes

1,663

1,504

Changes in operating assets and liabilities:

Accounts receivable

(15,289)

(2,017)

Inventories

(27,734)

24,631

Prepaid expenses and other assets

(803)

5,112

Accounts payable

2,051

12,812

Other current liabilities and income taxes

(7,925)

8,377

Deferred revenue and returns liability

(183)

783

Other non-current liabilities

1,667

(6,965)

Net cash provided by (used in) operating activities

(9,578)

53,036

Investing Activities

Purchases of marketable securities

(32,507)

Sales of marketable securities

14,986

Maturities of marketable securities

44,119

17,019

Purchases of property and equipment

(22,153)

(13,549)

Proceeds from capital-related government incentives

5,272

Net cash provided by (used in) investing activities

27,238

(14,051)

Financing Activities

Payment of taxes withheld for vested stock awards

(27,451)

(13,752)

Proceeds from the issuance of common stock

7,760

7,619

Net cash used in financing activities

(19,691)

(6,133)

Increase (decrease) in cash and cash equivalents

(2,031)

32,852

Cash and cash equivalents at beginning of period

364,222

281,607

Cash and cash equivalents at end of period

$       362,191

$       314,459

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/silicon-labs-reports-second-quarter-2026-results-302848831.html

SOURCE Silicon Labs

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