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Where Ambition Meets Opportunity: Best Companies for Business Analysts in India and USThe 2000s ushered in a cinematic era marked by an explosion of creativity, spurred on by digital media and the internet. This surge in film production birthed a plethora of cult classics, movies that not only garnered massive popularity within film circles but also transcended into the global cultural zeitgeist. Let’s delve into the top 10 cult classics that defined the 2000s – a vibrant tapestry of diverse genres and unique storytelling. Table of Contents 10. (2000) In the dystopian action-thriller, , the Japanese government compels ninth-grade students to engage in a deadly battle for survival on a remote island. The film, released in 2000, not only stands out for its compelling narrative but has left an indelible mark on pop culture. Its influence is evident in subsequent death games and dystopian films like and . The film’s impact is a testament to its powerful themes and masterful execution. December 16, 2000 Kinji Fukasaku Tatsuya Fujiwara, Aki Maeda, Tarô Yamamoto, Takeshi Kitano, Chiaki Kuriyama, Sosuke Takaoka R 114 minutes 9. (2001) catapults us back to the final day of summer in 1981 at Camp Firewood, weaving a tapestry of love triangles, waterfall rescues, and talking vegetable cans. This ensemble comedy has become iconic for its unique humor and a cast of characters that continue to resonate. Its timeless comedic style sets it apart, ensuring its place among the most enduring comedies of the 2000s. July 27, 2001 R 97 minutes 8. (2002) A comedic homage to classic martial arts films, ingeniously blends new characters, writing, and voice acting into footage from a classic 70s kung fu film. This results in a hilariously absurd cinematic experience following The Chosen One on his quest for revenge against kung fu legend Master Pain. While its style of humor may not appeal to all, its uniqueness and absurdity have solidified its place as one of the most distinct comedies of the 2000s’. 7. (2004) A brilliant fusion of horror and comedy, presents Shaun’s mundane life upended by a zombie outbreak. This 2004 gem is not just one of the earliest zombie films of the 2000s but also one of the best. Its perfect balance of terror and humor has left an indelible mark, influencing the horror-comedy genre for years to come. April 9, 2004 Edgar Wright R 99 minutes 6. (2009) unfolds the story of Jennifer Check, a cheerleader turned killer monster. Initially misunderstood upon release, the film has experienced a resurgence due to its empowering feminist undertones. It subverts horror conventions, creating a powerful and unsettling experience that places it ahead of its time. September 19, 2009 R 102 minutes 5. (2004) stands as one of the most quotable and iconic teen movies. It follows Cady Heron as she navigates the complex social ecosystem of high school. The film’s cynical and satirical take on high school cliques resonated across generations, solidifying its status as an iconic comedy of the 21st century. January 12, 2024 Samantha Jayne, Arturo Perez Jr. 4. (2004) In this beloved romance, , Joel seeks to erase memories of his former girlfriend, only to rediscover love amidst the process. The film’s unique premise, genre-bending approach, and emotional depth make it a standout in the romance genre. Its legacy as a once-in-a-lifetime viewing experience remains unparalleled. 3. (2003) stands as a pinnacle of so-bad-it’s-good cinema. Johnny’s life unravels when he discovers his fiancée’s infidelity with his best friend. Celebrated for its unintentional humor and myriad faults, has become synonymous with the concept of cinematic absurdity, continuing to captivate audiences to this day. June 27, 2003 Tommy Wiseau Tommy Wiseau, Juliette Danielle, Greg Sestero, Philip Haldiman, Carolyn Minnott, Robyn Paris R 99 minutes 2. (2001) is a high-concept fantasy mystery that follows troubled teenager Donnie as he navigates visions of a mysterious rabbit named Frank. The film’s enigmatic narrative invites numerous interpretations, adding to its allure. Its success is attributed not only to its mystery but also its suspenseful execution and memorable quotes. October 26, 2001 Richard Kelly Jake Gyllenhaal, Holmes Osborne, Maggie Gyllenhaal, Daveigh Chase, Mary McDonnell, James Duval R 113 minutes 1. (2004) A cultural phenomenon of the 2000s, remains an inescapable pop culture reference. The film introduces us to the nerdy Napoleon as he aids his friend Pedro in the class presidency race. Its unique, mellow humor and deadpan delivery made it a sleeper hit, turning it into an emblematic cult classic of the 2000s. August 27, 2004 Jared Hess PG 96 minutes In revisiting these cult classics, we not only celebrate the diverse storytelling of the 2000s but also recognize the lasting impact these films have had on contemporary cinema and popular culture. Each movie on this list contributes to the vibrant tapestry of cinematic gems that defined an unforgettable era in film.STUART, Fla. , Dec. 20, 2024 /PRNewswire/ -- Health In Tech, Inc., an Insurtech platform company backed by third-party AI technology, today announced the pricing of its initial public offering of 2,300,000 shares of its Class A common stock, at a public offering price of $4.00 per share. In addition, Health In Tech has granted the underwriter a 30-day option to purchase up to an additional 345,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the Nasdaq Capital Market on December 23, 2024 , under the ticker symbol "HIT". The offering is expected to close on December 24, 2024 , subject to customary closing conditions. American Trust Investment Services, Inc. is acting as the sole book-running manager of this offering. Health In Tech intends to use the net proceeds from the offering towards system enhancements, the expansion of service offerings, expansion of sales and distribution channels, talent development and retention, working capital and other general corporate purpose. A registration statement on Form S-1 (File No. 333-281853) relating to the shares was filed with the Securities and Exchange Commission and became effective on December 19, 2024 . This offering was made only by means of a prospectus, forming part of the effective registration statement. A copy of the prospectus relating to the offering can be obtained when available, by contacting American Trust Investment Services, Inc., 230 W. Monroe Street , Suite 300, Chicago, IL 60606, or via E-Mail at ECM@amtruinvest.com . This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Health In Tech Health in Tech, Inc. ("HIT") is an Insurtech platform company backed by third-party AI technology. We offer a dynamic marketplace designed to create customized healthcare plan solutions while streamlining processes through vertical integration, process simplification, and automation. By eliminating friction and complexities, HIT enhances value propositions for employers and optimizes underwriting, sales, and service workflows for Managing General Underwriters (MGUs), insurance carriers, licensed brokers, and Third-Party Administrators (TPAs). Learn more at healthintech.com . Forward-Looking Statements Regarding Health In Tech Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech's possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as "may," "will," "should," "design," "target," "aim," "hope," "expect," "could," "intend," "plan," "anticipate," "estimate," "believe," "continue," "predict," "project," "potential," "goal," or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech's actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech's control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech's operations, results of operations, growth strategy and liquidity. Investor Contact Investor Relations: ir@healthintech.com View original content to download multimedia: https://www.prnewswire.com/news-releases/health-in-tech-inc-announces-pricing-of-initial-public-offering-302337631.html SOURCE Health In Tech
JERUSALEM — A new round of Israeli airstrikes in Yemen on Thursday targeted the Houthi rebel-held capital and multiple ports, while the World Health Organization's director-general said the bombardment occurred nearby as he prepared to board a flight in Sanaa, with a crew member injured. "The air traffic control tower, the departure lounge — just a few meters from where we were — and the runway were damaged," Tedros Adhanom Ghebreyesus said on social media. He added that he and U.N. colleagues were safe. "We will need to wait for the damage to the airport to be repaired before we can leave," he said, without mentioning the source of the bombardment. U.N. spokesperson Stephanie Tremblay later said the injured person was with the U.N. Humanitarian Air Service. Israel's army later told The Associated Press it wasn't aware that the WHO chief or delegation were at the location in Yemen. Smoke rises Thursday from the area around the International Airport after an airstrike in Sanaa, Yemen. The Israeli strikes followed several days of Houthi launches setting off sirens in Israel. The Israeli military said in a statement it attacked infrastructure used by the Iran-backed Houthis at the international airport in Sanaa and ports in Hodeida, Al-Salif and Ras Qantib, along with power stations, claiming they were used to smuggle in Iranian weapons and for the entry of senior Iranian officials. Israel's military added it had "capabilities to strike very far from Israel's territory — precisely, powerfully, and repetitively." The strikes, carried out more than 1,000 miles from Jerusalem, came a day after Israeli Prime Minister Benjamin Netanyahu said "the Houthis, too, will learn what Hamas and Hezbollah and Assad's regime and others learned" as his military has battled those more powerful proxies of Iran. The Houthi-controlled satellite channel al-Masirah reported multiple deaths and showed broken windows, collapsed ceilings and a bloodstained floor and vehicle. Iran's foreign ministry condemned the strikes. The U.S. military also targeted the Houthis in recent days. The U.N. says the targeted ports are important entryways for humanitarian aid for Yemen, the poorest Arab nation that plunged into a civil war in 2014. Over the weekend, 16 people were wounded when a Houthi missile hit a playground in the Israeli city of Tel Aviv, while other missiles and drones were shot down. Last week, Israeli jets struck Sanaa and Hodeida, killing nine people, calling it a response to previous Houthi attacks. The Houthis also have been targeting shipping on the Red Sea corridor, calling it solidarity with Palestinians in Gaza. The U.N. Security Council has an emergency meeting Monday in response to an Israeli request that it condemn the Houthi attacks and Iran for supplying them weapons. Relatives and friends mourn over the bodies of five Palestinian journalists Thursday who were killed by an Israeli airstrike in Gaza City at the Al-Aqsa Hospital in Deir al-Balah. Meanwhile, an Israeli strike killed five Palestinian journalists outside a hospital in Gaza overnight, the territory's Health Ministry said. The strike hit a car outside Al-Awda Hospital in the built-up Nuseirat refugee camp in central Gaza. The journalists worked for local news outlet Al-Quds Today, a television channel affiliated with the Islamic Jihad militant group. Islamic Jihad is a smaller and more extreme ally of Hamas and took part in the Oct. 7, 2023, attack in southern Israel that ignited the war. Israel's military identified four of the men as combat propagandists and said that intelligence, including a list of Islamic Jihad operatives found by soldiers in Gaza, confirmed that all five were affiliated with the group. Associated Press footage showed the incinerated shell of a van, with press markings visible on the back doors. The Committee to Protect Journalists says more than 130 Palestinian reporters have been killed since the start of the war. Israel hasn't allowed foreign reporters to enter Gaza except on military embeds. Israel banned the pan-Arab Al Jazeera network and accuses six of its Gaza reporters of being militants. The Qatar-based broadcaster denies the allegations and accuses Israel of trying to silence its war coverage, which has focused heavily on civilian casualties from Israeli military operations. Mourners cry Thursday while they take the last look at the body of a relative, one of eight Palestinians killed, during their funeral in the West Bank city of Tulkarem. Separately, Israel's military said a 35-year-old reserve soldier was killed during fighting in central Gaza. A total of 389 soldiers have been killed in Gaza since the start of the ground operation. The war began when Hamas-led militants stormed across the border, killing around 1,200 people, mostly civilians, and abducting about 250. About 100 hostages are still inside Gaza, at least a third of whom are believed to be dead. Israel's air and ground offensive has killed more than 45,000 Palestinians, according to the Health Ministry. It says more than half the fatalities are women and children, but doesn't say how many of the dead were fighters. The offensive caused widespread destruction and hunger and drove around 90% of the population of 2.3 million from their homes. Hundreds of thousands are packed into squalid camps along the coast, with little protection from the cold, wet winter. Also Thursday, people mourned eight Palestinians killed by Israeli military operations in and around Tulkarem in the occupied West Bank on Tuesday, according to the Palestinian Health Ministry. The Israeli military said it opened fire after militants attacked soldiers, and it was aware of uninvolved civilians who were harmed in the raid. Get local news delivered to your inbox!
Share Tweet Share Share Email If you’ve purchased a new or used vehicle in California and are struggling with persistent mechanical issues that just don’t seem to get resolved, you may be wondering whether you are entitled to a remedy under California’s Lemon Law. This law exists to protect consumers from vehicles that repeatedly fail to meet standards of quality, safety, and usability. Los Angeles Chevrolet lemon law attorneys are here to help you navigate this process and determine if your car qualifies as a lemon. California’s Lemon Law, formally known as the Song-Beverly Consumer Warranty Act, is designed to provide protection for consumers who purchase or lease cars that have substantial defects. If your car is under warranty and has been repeatedly repaired for the same or similar issues, you may have grounds for a lemon law claim. In this article, we’ll explore the key factors that determine whether your car qualifies under the law and what steps you can take if you think your vehicle might be a lemon. What Is California’s Lemon Law? California’s Lemon Law is a consumer protection law that covers the repair or replacement of defective vehicles. If you purchase a new or used car that is under warranty, and that car has a significant defect that cannot be fixed within a reasonable number of repair attempts, you may be entitled to a buyback or replacement vehicle. The law is designed to ensure that consumers are not stuck with faulty vehicles that impair their safety, use, or value. The Lemon Law applies to new vehicles, including cars, trucks, motorcycles, and SUVs. It also applies to used vehicles if they are still under the manufacturer’s warranty at the time of the purchase. Defects covered under the Lemon Law typically affect the vehicle’s safety, use, or value, such as problems with the engine, transmission, brakes, electrical system, or airbags. Cosmetic issues, like paint chips or small scratches, do not usually qualify. If your car has been in the shop multiple times for the same issue or has been out of service for an extended period, you may have a valid claim under California’s Lemon Law. Los Angeles Chevrolet lemon law attorneys are here to help determine whether your car fits the criteria and guide you through the process. How to Determine If Your Car Qualifies Under California Lemon Laws To qualify under the California Lemon Law, your vehicle must meet specific criteria. Below are the most important factors to consider when determining whether your car qualifies: 1. Warranty Coverage The first key factor in determining whether your car qualifies under California’s Lemon Law is whether the car is still covered by a manufacturer’s warranty. If your car is no longer covered by a warranty, it may not be eligible for lemon law protection. However, some used vehicles may still be under a manufacturer’s warranty, in which case you may still qualify. New Cars: If you bought a new car, it is almost certainly under warranty. These warranties typically last 3 years or 36,000 miles, but this can vary by manufacturer. The warranty should cover most defects that occur within that time period, including repairs to major systems such as the engine, transmission, and safety features. Used Cars: If you bought a used car, it must be covered by the manufacturer’s warranty at the time of purchase. Certified pre-owned cars often come with a manufacturer’s warranty, which may provide lemon law protection. Check your warranty documentation to see if your used car qualifies. If your vehicle is out of warranty, it may still be eligible for other forms of legal action, but it will not be covered by the Lemon Law. 2. Repeated Repair Attempts for the Same Issue One of the most important criteria under California’s Lemon Law is whether the car has been repaired multiple times for the same issue. The manufacturer or dealership must be given a reasonable number of chances to fix the problem before the car is considered a lemon. California law typically requires that the vehicle be repaired at least two times for the same defect without success. However, there are certain situations where a single repair attempt may be sufficient. For example, if the defect is severe (like an issue with the braking or steering system), even one repair attempt may be enough. Additionally, if the vehicle has been in the shop for four or more attempts for different problems, this could also be grounds for a lemon law claim. Another important factor is if the car has been out of service for repairs for a total of 30 days or more due to defects. If your car has been in the shop for an extended period, it may be eligible for lemon law protection. 3. Serious Defects Affecting Safety, Usability, or Value To qualify under the Lemon Law, the defects must be substantial enough to affect the vehicle’s safety, usability, or overall value. Minor cosmetic defects, such as scratches or small dents, are generally not covered. However, if the defect impairs the car’s ability to function properly or poses a safety risk, it is likely to qualify. Some common defects that may qualify under the Lemon Law include: Engine problems (e.g., stalling, overheating, or loss of power) Transmission issues (e.g., slipping, failure to shift, or inability to engage gears) Brake system defects (e.g., brake failure, reduced braking power, or issues with anti-lock braking systems) Electrical problems (e.g., issues with the battery, lights, or electrical wiring) Safety system defects (e.g., airbags failing to deploy or seatbelt malfunctions) If the defect makes your car unsafe to drive or diminishes its value significantly, it is more likely that your vehicle will qualify under California’s Lemon Law. 4. Reasonable Opportunity for Repair The manufacturer or dealership must be given a reasonable opportunity to fix the defects. This typically means that the vehicle must have been brought in for repairs at least two or three times for the same issue before pursuing a Lemon Law claim. In the case of more serious safety issues (such as defects affecting the brakes or airbags), one repair attempt might be sufficient. If the car has been out of service for 30 or more days, you might also have a claim under the law. What Should You Do If You Think Your Car Is a Lemon? If you believe your car qualifies for a Lemon Law claim, the first step is to document the defects and the repairs made. Keep all receipts, invoices, and service records that show the repairs, including dates and descriptions of the defects. Next, it’s important to contact a lawyer who specializes in lemon law cases. Los Angeles Chevrolet lemon law attorneys are here to help guide you through the process and help you understand your legal options. An attorney will help you determine whether your car qualifies and can assist in filing a claim with the manufacturer. Once your attorney determines that you have a valid claim, they may send a demand letter to the manufacturer requesting either a buyback or a replacement vehicle. In many cases, the manufacturer will offer a settlement without the need for a lengthy court battle. If the manufacturer does not offer a satisfactory solution, your attorney can help you take the case to court. How to Choose the Right Lemon Law Attorney in Los Angeles If you’re facing issues with your vehicle and believe you may have a lemon law case, it’s crucial to choose the right lemon law attorney in Los Angeles. Here are some tips for selecting an attorney: Experience: Look for an attorney who has handled lemon law cases before and is familiar with the specific details of California’s Lemon Law. They should understand how the law applies to various types of vehicles and defects. No Upfront Fees: Many lemon law attorneys work on a contingency basis, meaning they only get paid if you win your case. This can make it easier for you to pursue a claim without worrying about upfront costs. Client Reviews : Look for reviews or testimonials from past clients to get an idea of the attorney’s success rate and customer service. Communication : Choose an attorney who communicates clearly and promptly, as lemon law cases can involve complex legal issues that require close attention. Conclusion If you’re experiencing recurring issues with your car that affect its safety, value, or usability, you may be entitled to a refund or replacement under California’s Lemon Law. Determining whether your car qualifies requires evaluating several key factors, including the severity of the defect, the number of repair attempts, and whether the vehicle is still under warranty. If you believe your car may be a lemon, Los Angeles Chevrolet lemon law attorneys are here to help you understand your rights and guide you through the legal process. Choose the right lemon law attorney in Los Angeles to help you navigate this process, ensuring that you are treated fairly and receive the compensation or replacement vehicle you deserve. Don’t let persistent defects ruin your driving experience—take the necessary steps to protect your consumer rights today. Related Items: Car , Lemon Laws Share Tweet Share Share Email Recommended for you The Benefits of Renting a Car in Dubai: A Guide for Travellers Top Applications of Satellite Technology for Cars Scrapping a car: How will I dispose of my old car in 2025? CommentsBlame it on the food and drink?Valsoft Corporation Strengthens Local Government Portfolio with Keystone Information Systems and Cott Systems Acquisitions
"The air traffic control tower, the departure lounge — just a few meters from where we were — and the runway were damaged," Tedros Adhanom Ghebreyesus said on social media. He added that he and U.N. colleagues were safe. "We will need to wait for the damage to the airport to be repaired before we can leave," he said, without mentioning the source of the bombardment. U.N. spokesperson Stephanie Tremblay later said the injured person was with the U.N. Humanitarian Air Service. Israel's army later told The Associated Press it wasn't aware that the WHO chief or delegation were at the location in Yemen. The Israeli strikes followed several days of Houthi launches setting off sirens in Israel. The Israeli military said in a statement it attacked infrastructure used by the Iran-backed Houthis at the international airport in Sanaa and ports in Hodeida, Al-Salif and Ras Qantib, along with power stations, claiming they were used to smuggle in Iranian weapons and for the entry of senior Iranian officials. Israel's military added it had "capabilities to strike very far from Israel's territory — precisely, powerfully, and repetitively." The strikes, carried out more than 1,000 miles from Jerusalem, came a day after Israeli Prime Minister Benjamin Netanyahu said "the Houthis, too, will learn what Hamas and Hezbollah and Assad's regime and others learned" as his military has battled those more powerful proxies of Iran. The Houthi-controlled satellite channel al-Masirah reported multiple deaths and showed broken windows, collapsed ceilings and a bloodstained floor and vehicle. Iran's foreign ministry condemned the strikes. The U.S. military also targeted the Houthis in recent days. The U.N. says the targeted ports are important entryways for humanitarian aid for Yemen, the poorest Arab nation that plunged into a civil war in 2014. Over the weekend, 16 people were wounded when a Houthi missile hit a playground in the Israeli city of Tel Aviv, while other missiles and drones were shot down. Last week, Israeli jets struck Sanaa and Hodeida, killing nine people, calling it a response to previous Houthi attacks. The Houthis also have been targeting shipping on the Red Sea corridor, calling it solidarity with Palestinians in Gaza. The U.N. Security Council has an emergency meeting Monday in response to an Israeli request that it condemn the Houthi attacks and Iran for supplying them weapons. Meanwhile, an Israeli strike killed five Palestinian journalists outside a hospital in Gaza overnight, the territory's Health Ministry said. The strike hit a car outside Al-Awda Hospital in the built-up Nuseirat refugee camp in central Gaza. The journalists worked for local news outlet Al-Quds Today, a television channel affiliated with the Islamic Jihad militant group. Islamic Jihad is a smaller and more extreme ally of Hamas and took part in the Oct. 7, 2023, attack in southern Israel that ignited the war. Israel's military identified four of the men as combat propagandists and said that intelligence, including a list of Islamic Jihad operatives found by soldiers in Gaza, confirmed that all five were affiliated with the group. Associated Press footage showed the incinerated shell of a van, with press markings visible on the back doors. The Committee to Protect Journalists says more than 130 Palestinian reporters have been killed since the start of the war. Israel hasn't allowed foreign reporters to enter Gaza except on military embeds. Israel banned the pan-Arab Al Jazeera network and accuses six of its Gaza reporters of being militants. The Qatar-based broadcaster denies the allegations and accuses Israel of trying to silence its war coverage, which has focused heavily on civilian casualties from Israeli military operations. Separately, Israel's military said a 35-year-old reserve soldier was killed during fighting in central Gaza. A total of 389 soldiers have been killed in Gaza since the start of the ground operation. The war began when Hamas-led militants stormed across the border, killing around 1,200 people, mostly civilians, and abducting about 250. About 100 hostages are still inside Gaza, at least a third of whom are believed to be dead. Israel's air and ground offensive has killed more than 45,000 Palestinians, according to the Health Ministry. It says more than half the fatalities are women and children, but doesn't say how many of the dead were fighters. The offensive caused widespread destruction and hunger and drove around 90% of the population of 2.3 million from their homes. Hundreds of thousands are packed into squalid camps along the coast, with little protection from the cold, wet winter. Also Thursday, people mourned eight Palestinians killed by Israeli military operations in and around Tulkarem in the occupied West Bank on Tuesday, according to the Palestinian Health Ministry. The Israeli military said it opened fire after militants attacked soldiers, and it was aware of uninvolved civilians who were harmed in the raid.Noodles and wine are the secret ingredients for a strange new twist in China's doping saga
2024 in pop culture: In a bruising year, we sought out fantasy, escapism — and cute little animals
Looking for Tuesday’s Connections hints and answers instead? You can find them here: Hey, everyone! Merry Christmas! Happy Hanukkah! Happy holidays! If I knew how (and was also allowed to edit stock images that I can use here), I would have photoshopped little Santa hats onto the pins on the top image. I’m raising a glass to you, your family and friends today. Here’s to good health and great times with the people who mean the most to us. Before we get started, I’ve started a discussion group for Connections and this column on Discord . You can chat about each game (and other topics) with me and other folks. I’m always interested to find out how other people approach the game, so join us! It’s fun. It’s also the best way to give me any feedback about the column, especially on the rare(!) occasions that I mess something up. Today’s NYT Connections hints and answers for Wednesday, December 25, are coming right up. How To Play Connections Connections is a free, popular New York Times daily word game. You get a new puzzle at midnight every day. You can play on the NYT website or Games app. You’re presented with a grid of 16 words. Your task is to arrange them into four groups of four by figuring out the links between them. The groups could be things like items you can click, names for research study participants or words preceded by a body part. There’s only one solution for each puzzle, and you’ll need to be careful when it comes to words that might fit into more than one category. You can shuffle the words to perhaps help you see links between them. Each group is color coded. The yellow group is usually the easiest to figure out, blue and green fall in the middle, and the purple group is usually the most difficult one. The purple group often involves wordplay. Select four words you think go together and press Submit. If you make a guess and you’re incorrect, you’ll lose a life. If you’re close to having a correct group, you might see a message telling you that you’re one word away from getting it right, but you’ll still need to figure out which one to swap. If you make four mistakes, it’s game over. Let’s make sure that doesn’t happen with the help of some hints, and, if you’re really struggling, today’s Connections answers. As with Wordle and other similar games, it’s easy to share results with your friends on social media and group chats. If you have an NYT All Access or Games subscription, you can access the publication’s Connections archive. This includes every previous game of Connections , so you can go back and play any of those that you have missed. Aside from the first 60 games or so, you should be able to find my hints for each grid via Google if you need them! Just click here and add the date of the game for which you need clues or the answers to the search query. What Are Today’s Connections Hints? Scroll slowly! Just after the hints for each of today’s Connections groups, I’ll reveal what the groups are without immediately telling you which words go into them. Today’s 16 words are... And the hints for today’s Connections groups are: What Are Today’s Connections Groups? Need some extra help? Be warned: we’re starting to get into spoiler territory. Today’s Connections groups are... What Are Today’s Connections Answers? Spoiler alert! Don’t scroll any further down the page until you’re ready to find out today’s Connections answers. This is your final warning! Today’s Connections answers are... Neato, I got a perfect game. That brings me up to three straight wins. Here's how I fared: 🟩🟩🟩🟩 🟪🟪🟪🟪 🟦🟦🟦🟦 🟨🟨🟨🟨 There was a timely red herring here of the names of Santa’s reindeer: CUPID, RUDOLPH, COMET and VIXEN. But as soon as I saw ROBIN HOOD and HAWKEYE, it was clear that there would be a group of archers. (Tina) FEY and (Maya) RUDOLPH suggested to me that there would be a group of Saturday Night Live alumni, but other than (Molly) SHANNON, I wasn’t quite sure what else would fit. It took me a moment to realize that the missing piece of the puzzle was Cecily STRONG. I could make out the celestial bodies clearly enough and I assumed those were the yellows, so I submitted the blues first. I didn’t make that connection, however. A JENNY is a female donkey, a NANNY is a female goat, a QUEEN is a female cat (or a QUEEN bee) and a VIXEN is a female fox. That’s all there is to it for today’s Connections clues and answers. Be sure to check my blog tomorrow for hints and the solution for Thursday’s game if you need them. P.S. Since it’s Christmas Day, let’s go with the very best Christmas movie: Die Hard. It’s very much not one for kids, but it’s a fantastic thriller that has plenty of holiday spirit. Yippee ki-yay, indeed: Have a great day! Make sure to drink enough water! Call someone you love! If you’re so inclined, please do follow my blog for more coverage of Connections and other word games and even some video game news, insights and analysis. It helps me out a lot! Also, follow me on Bluesky ! It’s fun there.Amazon.com Inc. stock underperforms Monday when compared to competitorsREDWOOD CITY, Calif.--(BUSINESS WIRE)--Dec 9, 2024-- Zuora, Inc. (NYSE: ZUO), a leading monetization suite for modern business, today announced financial results for its fiscal third quarter ended October 31, 2024. Third Quarter Fiscal 2025 Financial Results: Descriptions of our non-GAAP financial measures are contained in the section titled "Explanation of Non-GAAP Financial Measures" below and reconciliations of GAAP and non-GAAP financial measures are contained in the tables below. Proposed Acquisition; Conference Call and Guidance On October 17, 2024, we announced that Zuora entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with an affiliate of GIC Pte. Ltd. (“GIC”). The transaction is valued at $1.7 billion, with Silver Lake and GIC to acquire all outstanding shares of Zuora common stock for $10.00 per share in cash. The acquisition is expected to close in the first calendar quarter of 2024, subject to customary closing conditions and approvals, including the receipt of the required regulatory approvals. Upon completion of the transaction, Zuora will become a privately held company. Given the proposed acquisition of Zuora, we will not be holding a conference call or live webcast to discuss Zuora's third quarter of fiscal 2025 financial results, we will not be providing any forward looking guidance, and we are withdrawing all previously provided goals, outlook, and guidance. Key Operational and Financial Metrics: Explanation of Key Operational and Financial Metrics: Annual Contract Value (ACV) . We define ACV as the subscription revenue we would contractually expect to recognize from a customer over the next twelve months, assuming no increases or reductions in their subscriptions. We define the number of customers at the end of any particular period as the number of parties or organizations that have entered into a distinct subscription contract with us and for which the term has not ended. Each party with whom we have entered into a distinct subscription contract is considered a unique customer, and in some cases, there may be more than one customer within a single organization. Dollar-based Retention Rate (DBRR) . We calculate DBRR as of a period end by starting with the sum of the ACV from all customers as of twelve months prior to such period end, or prior period ACV. We then calculate the sum of the ACV from these same customers as of the current period end, or current period ACV. Current period ACV includes any upsells and also reflects contraction or attrition over the trailing twelve months but excludes revenue from new customers added in the current period. We then divide the current period ACV by the prior period ACV to arrive at our dollar-based retention rate. Annual Recurring Revenue (ARR). ARR represents the annualized recurring value at the time of initial booking or contract modification for all active subscription contracts at the end of a reporting period. ARR excludes the value of non-recurring revenue such as professional services revenue as well as contracts with new customers with a term of less than one year. ARR should be viewed independently of revenue and deferred revenue, and is not intended to be a substitute for, or combined with, any of these items. ARR growth is calculated by dividing the ARR as of a period end by the ARR for the corresponding period end of the prior fiscal year. Explanation of Non-GAAP Financial Measures: In addition to financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this press release and the accompanying tables contain non-GAAP financial measures including: non-GAAP cost of subscription revenue; non-GAAP subscription gross margin; non-GAAP cost of professional services revenue; non-GAAP professional services gross margin; non-GAAP gross profit; non-GAAP gross margin; non-GAAP income from operations; non-GAAP operating margin; non-GAAP net income; non-GAAP net income per share; and adjusted free cash flow. The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. We use non-GAAP financial measures in conjunction with GAAP measures as part of our overall assessment of our performance, including the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies and to communicate with our Board of Directors concerning our financial performance. We believe these non-GAAP measures provide investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of our operating results. We also believe these non-GAAP measures are useful in evaluating our operating performance compared to that of other companies in our industry, as they generally eliminate the effects of certain items that may vary for different companies for reasons unrelated to overall operating performance. We exclude the following items from one or more of our non-GAAP financial measures: Additionally, we disclose "adjusted free cash flow", which is a non-GAAP measure that includes adjustments to operating cash flows for cash impacts related to Shareholder matters and Acquisition-related expenses described above, and net purchases of property and equipment. We include the impact of net purchases of property and equipment in our adjusted free cash flow calculation because we consider these capital expenditures to be a necessary component of our ongoing operations. We believe this measure is meaningful to investors because management reviews cash flows generated from operations excluding such expenditures that are not related to our ongoing operations. Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. The non-GAAP measures we use may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes. We compensate for these limitations by providing specific information regarding the GAAP items excluded from these non-GAAP financial measures. Forward-Looking Statements: This press release contains forward-looking statements that involve a number of risks and uncertainties. Words such as “believes,” “may,” “will,” “determine,” “estimates,” “potential,” “continues,” “anticipates,” “intends,” “expects,” “could,” “would,” “projects,” “plans,” “targets,” “strategy,” “likely,” and variations of such words and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this release include statements regarding the proposed acquisition of Zuora, including the expected timing of the closing of the acquisition, and expectations for Zuora following the completion of the acquisition. Forward-looking statements are based on management's expectations as of the date of this filing and are subject to a number of risks, uncertainties and assumptions, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in our Form 10-Q filed with the Securities and Exchange Commission on August 29, 2024 as well as other documents that may be filed by us from time to time with the Securities and Exchange Commission, including in our Quarterly Report on Form 10-Q for the quarter ended October 31, 2024. In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: the possibility that the closing conditions to the proposed acquisition are not satisfied (or waived), including the risk that required approvals from Zuora’s stockholders for the proposed acquisition or required regulatory approvals to consummate the acquisition are not obtained in a timely manner (or at all); the outcome of the current complaint and any potential litigation relating to the proposed acquisition; uncertainties as to the timing of the consummation of the proposed acquisition; the ability of each party to consummate the proposed acquisition; our ability to attract new customers and retain and expand sales to existing customers; our ability to manage our future revenue and profitability plans effectively; adoption of monetization platform software and related solutions, as well as consumer adoption of products and services that are provided through such solutions; our ability to develop and release new products and services, or successful enhancements, new features and modifications; challenges related to growing our relationships with strategic partners; loss of key employees; our ability to compete in our markets; adverse impacts on our business and financial condition due to macroeconomic or market conditions; the impact of actions to improve operational efficiencies and operating costs; our history of net losses and ability to achieve or sustain profitability; market acceptance of our products; the success of our product development efforts; risks associated with currency exchange rate fluctuations; risks associated with our debt obligations; successful deployment of our solutions by customers after entering into a subscription agreement with us; the success of our sales and product initiatives; our security measures; our ability to adequately protect our intellectual property; interruptions or performance problems; litigation and other shareholder related costs; the anticipated benefits of acquisitions and ability to integrate operations and technology of any acquired company; geopolitical conflicts or destabilizing events; other business effects, including those related to industry, market, economic, political, regulatory and global health conditions and other risks and uncertainties. The forward-looking statements included in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release. Important Information and Where to Find It In connection with the proposed acquisition, Zuora has filed with the Securities and Exchange Commission (the “SEC”) a proxy statement in preliminary form on November 25, 2024, a definitive version of which will be mailed or otherwise provided to its stockholders. The Company and affiliates of the Company have jointly filed a transaction statement on Schedule 13E-3 (the Schedule 13E-3). Zuora may also file other documents with the SEC regarding the potential transaction. BEFORE MAKING ANY VOTING DECISION, ZUORA’S STOCKHOLDERS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT AND THE SCHEDULE 13E-3 IN THEIR ENTIRETY AND ANY OTHER DOCUMENTS FILED WITH THE SEC AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS THERETO IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE THEREIN BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the proxy statement, the Schedule 13E-3 and other documents that Zuora files with the SEC from the SEC’s website at www.sec.gov and Zuora’s website at investor.zuora.com . In addition, the proxy statement, the Schedule 13E-3 and other documents filed by Zuora with the SEC (when available) may be obtained from Zuora free of charge by directing a request to Zuora’s Investor Relations at investorrelations@zuora.com . Participants in the Solicitation Zuora and certain of its directors, executive officers and employees may be deemed to be participants in the solicitation of proxies from Zuora’s stockholders in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed to be participants in the solicitation of the stockholders of Zuora in connection with the proposed transaction, including a description of their respective direct or indirect interests, by security holdings or otherwise will be set forth in the proxy statement and Schedule 13E-3 and other materials to be filed with the SEC. You may also find additional information about Zuora’s directors and executive officers in Zuora’s proxy statement for its 2024 Annual Meeting of Stockholders, which was filed with the SEC on May 16, 2024 (the “Annual Meeting Proxy Statement”). To the extent holdings of securities by potential participants (or the identity of such participants) have changed since the information printed in the Annual Meeting Proxy Statement, such information has been or will be reflected in Zuora’s Statements of Change in Ownership on Forms 3 and 4 filed with the SEC. You can obtain free copies of these documents from Zuora using the contact information above. About Zuora, Inc. Zuora provides a leading monetization suite to build, run and grow a modern business through a dynamic mix of usage-based models, subscription bundles and everything in between. From pricing and packaging, to billing, payments and revenue accounting, Zuora’s flexible, modular software platform is designed to help companies evolve monetization strategies with customer demand. More than 1,000 customers around the world, including BMC Software, Box, Caterpillar, General Motors, The New York Times, Schneider Electric and Zoom use Zuora’s leading combination of technology and expertise to turn recurring relationships and recurring revenue into recurring growth. Zuora is headquartered in Silicon Valley with offices in the Americas, EMEA and APAC. To learn more, please visit zuora.com . © 2024 Zuora, Inc. All Rights Reserved. Zuora, Subscribed, Subscription Economy, Powering the Subscription Economy, Subscription Economy Index, Zephr, and Subscription Experience Platform are trademarks or registered trademarks of Zuora, Inc. Third party trademarks mentioned above are owned by their respective companies. Nothing in this press release should be construed to the contrary, or as an approval, endorsement or sponsorship by any third parties of Zuora, Inc. or any aspect of this press release. SOURCE: ZUORA, INC. ZUORA, INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (in thousands, except per share data) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenue: Subscription $ 105,253 $ 98,048 $ 308,263 $ 283,232 Professional services 11,676 11,801 33,831 37,760 Total revenue 116,929 109,849 342,094 320,992 Cost of revenue: Subscription 1 23,954 20,378 67,207 62,304 Professional services 1 14,383 14,650 43,483 47,851 Total cost of revenue 38,337 35,028 110,690 110,155 Gross profit 78,592 74,821 231,404 210,837 Operating expenses: Research and development 1 26,833 27,504 76,853 79,428 Sales and marketing 1 36,597 40,245 108,579 124,488 General and administrative 1 26,880 15,893 71,351 54,160 Total operating expenses 90,310 83,642 256,783 258,076 Loss from operations (11,718 ) (8,821 ) (25,379 ) (47,239 ) Change in fair value of debt derivative and warrant liabilities (20,174 ) 6,997 (29,115 ) 2,241 Interest expense (7,045 ) (5,610 ) (20,781 ) (14,604 ) Interest and other income (expense), net 6,505 2,272 19,988 13,639 Loss before income taxes (32,432 ) (5,162 ) (55,287 ) (45,963 ) Income tax (benefit) provision (226 ) 340 (2,152 ) 1,396 Net loss (32,206 ) (5,502 ) (53,135 ) (47,359 ) Comprehensive loss: Foreign currency translation adjustment 462 (696 ) 386 (1,383 ) Unrealized gain (loss) on available-for-sale securities 248 (18 ) 63 494 Comprehensive loss $ (31,496 ) $ (6,216 ) $ (52,686 ) $ (48,248 ) Net loss per share, basic and diluted $ (0.21 ) $ (0.04 ) $ (0.36 ) $ (0.34 ) Weighted-average shares outstanding used in calculating net loss per share, basic and diluted 152,263 141,488 149,457 138,789 (1) Stock-based compensation expense was recorded in the following cost and expense categories: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of subscription revenue $ 2,331 $ 2,350 $ 6,291 $ 6,889 Cost of professional services revenue 2,598 2,747 7,359 8,997 Research and development 7,697 7,165 21,680 20,661 Sales and marketing 7,613 8,191 20,609 24,857 General and administrative 4,694 5,648 13,163 16,569 Total stock-based compensation expense $ 24,933 $ 26,101 $ 69,102 $ 77,973 ZUORA, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 277,615 $ 256,065 Short-term investments 280,909 258,120 Accounts receivable, net 82,414 124,602 Deferred commissions, current portion 15,995 15,870 Prepaid expenses and other current assets 25,183 23,261 Total current assets 682,116 677,918 Property and equipment, net 27,403 25,961 Operating lease right-of-use assets 20,591 22,462 Purchased intangibles, net 23,146 10,082 Deferred commissions, net of current portion 24,941 27,250 Goodwill 73,903 56,657 Other assets 4,972 3,506 Total assets $ 857,072 $ 823,836 Liabilities and stockholders’ equity Current liabilities: Accounts payable $ 761 $ 3,161 Accrued expenses and other current liabilities 45,167 32,157 Accrued employee liabilities 29,860 37,722 Deferred revenue, current portion 177,436 199,615 Operating lease liabilities, current portion 7,030 6,760 Total current liabilities 260,254 279,415 Long-term debt 368,348 359,525 Deferred revenue, net of current portion 860 2,802 Operating lease liabilities, net of current portion 32,573 37,100 Deferred tax liabilities 4,066 3,725 Other long-term liabilities 6,781 7,582 Total liabilities 672,882 690,149 Stockholders’ equity: Class A common stock 15 14 Class B common stock 1 1 Additional paid-in capital 1,067,329 964,141 Accumulated other comprehensive loss (410 ) (859 ) Accumulated deficit (882,745 ) (829,610 ) Total stockholders’ equity 184,190 133,687 Total liabilities and stockholders’ equity $ 857,072 $ 823,836 ZUORA, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Nine Months Ended October 31, 2024 2023 Cash flows from operating activities: Net loss $ (53,135 ) $ (47,359 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation, amortization and accretion 14,715 13,684 Stock-based compensation 69,102 77,973 Provision for credit losses 2,117 457 Amortization of deferred commissions 13,946 14,415 Reduction in carrying amount of right-of-use assets 3,470 4,876 Change in fair value of debt derivative and warrant liabilities 29,115 (2,241 ) Other (2,418 ) 2,630 Changes in operating assets and liabilities: Accounts receivable 40,149 12,476 Prepaid expenses and other assets (2,657 ) 878 Deferred commissions (12,107 ) (12,013 ) Accounts payable (2,529 ) (634 ) Accrued expenses and other liabilities 6,843 (82,904 ) Accrued employee liabilities (7,986 ) 509 Deferred revenue (24,439 ) (7,461 ) Operating lease liabilities (7,476 ) (10,962 ) Net cash provided by (used in) operating activities 66,710 (35,676 ) Cash flows from investing activities: Purchases of property and equipment (9,252 ) (6,913 ) Purchases of short-term investments (240,093 ) (66,665 ) Maturities of short-term investments 222,279 175,128 Cash paid for acquisition, net of cash acquired (24,786 ) (4,524 ) Net cash (used in) provided by investing activities (51,852 ) 97,026 Cash flows from financing activities: Proceeds from issuance of common stock upon exercise of stock options 3,372 1,000 Proceeds from issuance of common stock under employee stock purchase plan 4,481 4,765 Payment for taxes related to net share settlement of stock options (1,547 ) — Proceeds from issuance of convertible senior notes, net of issuance costs — 145,861 Net cash provided by financing activities 6,306 151,626 Effect of exchange rates on cash and cash equivalents 386 (1,383 ) Net increase in cash and cash equivalents 21,550 211,593 Cash and cash equivalents, beginning of period 256,065 203,239 Cash and cash equivalents, end of period $ 277,615 $ 414,832 ZUORA, INC. RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (in thousands, except percentages) (unaudited) Subscription Gross Margin Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Reconciliation of cost of subscription revenue: GAAP cost of subscription revenue $ 23,954 $ 20,378 $ 67,207 $ 62,304 Less: Stock-based compensation (2,331 ) (2,350 ) (6,291 ) (6,889 ) Amortization of acquired intangibles (1,164 ) (607 ) (2,706 ) (2,083 ) Workforce reductions (228 ) — (796 ) (38 ) Acquisition-related expenses (12 ) — (103 ) — Asset impairment — (439 ) — (439 ) Shareholder matters — — (20 ) — Non-GAAP cost of subscription revenue $ 20,219 $ 16,982 $ 57,291 $ 52,855 GAAP subscription gross margin 77 % 79 % 78 % 78 % Non-GAAP subscription gross margin 81 % 83 % 81 % 81 % Professional Services Gross Margin Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Reconciliation of cost of professional services revenue: GAAP cost of professional services revenue $ 14,383 $ 14,650 $ 43,483 $ 47,851 Less: Stock-based compensation (2,598 ) (2,747 ) (7,359 ) (8,997 ) Acquisition-related expenses (22 ) — (22 ) — Shareholder matters — — (28 ) — Workforce reductions — — (5 ) (46 ) Non-GAAP cost of professional services revenue $ 11,763 $ 11,903 $ 36,069 $ 38,808 GAAP professional services gross margin (23 )% (24 )% (29 )% (27 )% Non-GAAP professional services gross margin (1 )% (1 )% (7 )% (3 )% ZUORA, INC. RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (CONTINUED) (in thousands, except percentages) (unaudited) Total Gross Margin Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Reconciliation of gross profit: GAAP gross profit $ 78,592 $ 74,821 $ 231,404 $ 210,837 Add: Stock-based compensation 4,929 5,097 13,650 15,886 Amortization of acquired intangibles 1,164 607 2,706 2,083 Workforce reductions 228 — 801 84 Acquisition-related expenses 34 — 125 — Asset impairment — 439 — 439 Shareholder matters — — 48 — Non-GAAP gross profit $ 84,947 $ 80,964 $ 248,734 $ 229,329 GAAP gross margin 67 % 68 % 68 % 66 % Non-GAAP gross margin 73 % 74 % 73 % 71 % Operating (Loss) Income and Operating Margin Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Reconciliation of (loss) income from operations: GAAP loss from operations $ (11,718 ) $ (8,821 ) $ (25,379 ) $ (47,239 ) Add: Stock-based compensation 24,933 26,101 69,102 77,973 Acquisition-related expenses 10,299 19 17,100 211 Amortization of acquired intangibles 1,164 607 2,706 2,083 Workforce reductions 241 — 1,518 265 Shareholder matters 181 (3,508 ) 4,240 (3,265 ) Asset impairment — 1,592 — 1,592 Non-GAAP income from operations $ 25,100 $ 15,990 $ 69,287 $ 31,620 GAAP operating margin (10 )% (8 )% (7 )% (15 )% Non-GAAP operating margin 21 % 15 % 20 % 10 % ZUORA, INC. RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (CONTINUED) (in thousands, except per share data) (unaudited) Net (Loss) Income and Net (Loss) Income Per Share Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Reconciliation of net (loss) income: GAAP net loss $ (32,206 ) $ (5,502 ) $ (53,135 ) $ (47,359 ) Add: Stock-based compensation 24,933 26,101 69,102 77,973 Change in fair value of debt derivative and warrant liabilities 20,174 (6,997 ) 29,115 (2,241 ) Acquisition-related expenses 10,299 19 17,100 211 Amortization of acquired intangibles 1,164 607 2,706 2,083 Workforce reductions 241 — 1,518 265 Shareholder matters 181 (3,508 ) 4,240 (3,265 ) Asset impairment — 1,592 — 1,592 Non-GAAP net income $ 24,786 $ 12,312 $ 70,646 $ 29,259 GAAP net loss per share, basic and diluted 1 $ (0.21 ) $ (0.04 ) $ (0.36 ) $ (0.34 ) Non-GAAP net income per share, basic and diluted 1 $ 0.16 $ 0.09 $ 0.47 $ 0.21 (1) For the three months ended October 31, 2024 and 2023, GAAP and Non-GAAP net (loss) income per share are calculated based upon 152.3 million and 141.5 million basic and diluted weighted-average shares of common stock, respectively. For the nine months ended October 31, 2024 and 2023, GAAP and Non-GAAP net (loss) income per share are calculated based upon 149.5 million and 138.8 million basic and diluted weighted-average shares of common stock, respectively. Adjusted Free Cash Flow Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Reconciliation of adjusted free cash flow: Net cash provided by (used in) operating activities (GAAP) $ 22,408 $ (55,657 ) $ 66,710 $ (35,676 ) Add: Acquisition-related expenses 5,587 28 7,300 135 Shareholder matters 824 71,377 4,379 72,130 Less: Purchases of property and equipment (3,330 ) (3,075 ) (9,252 ) (6,913 ) Adjusted free cash flow (non-GAAP) $ 25,489 $ 12,673 $ 69,137 $ 29,676 Net cash provided by (used in) investing activities (GAAP) $ 18,999 $ 2,005 $ (51,852 ) $ 97,026 Net cash (used in) provided by financing activities (GAAP) $ (1,295 ) $ 145,899 $ 6,306 $ 151,626 View source version on businesswire.com : https://www.businesswire.com/news/home/20241209614914/en/ CONTACT: Investor Relations Contact: Luana Wolk investorrelations@zuora.com 650-419-1377Media Relations Contact: Margaret Juhnke press@zuora.com 619-609-3919 KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE PAYMENTS ACCOUNTING PROFESSIONAL SERVICES TECHNOLOGY ELECTRONIC COMMERCE FINTECH OTHER TECHNOLOGY SOURCE: Zuora, Inc. Copyright Business Wire 2024. PUB: 12/09/2024 04:10 PM/DISC: 12/09/2024 04:08 PM http://www.businesswire.com/news/home/20241209614914/en
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