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5jili SANDY, Utah, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Mountain America Credit Union partnered with BYU Athletics to help people affected by disasters. For each touchdown completed by the Brigham Young University (BYU) football team in the 2024 season, the credit union pledged a $250 donation to the American Red Cross of Utah. A Media Snippet accompanying this announcement is available by clicking on this link. On November 16, 2024, Mountain America presented a check for $13,500 to the Red Cross of Utah representatives. The Red Cross of Utah uses contributions to help Utah communities prepare for, prevent, and respond to emergencies. This latest gift brings the total funds donated by Mountain America to the Red Cross of Utah since 2018 to $153,000. “We are thrilled to make an impact in our community through our partnership with BYU Athletics,” said Nathan Anderson, executive vice president and chief operating officer at Mountain America. “This contribution to the Red Cross of Utah reflects our commitment to giving back and supporting vital services that help those in need.” “Mountain America’s generous support helps ensure that the Red Cross of Utah can respond immediately with comfort and care when disasters happen,” said Benjamin Donner, executive director of the American Red Cross Central and Southern Utah Chapter. “It’s a critical donation that supports people in need and allows us to continue our lifesaving fire prevention initiatives, such as providing free smoke alarms and installations in vulnerable communities.” The Red Cross of Utah has been proudly serving the state for more than 100 years. They deliver services across the Greater Salt Lake Area chapter; the Northern Utah chapter; and the Central and Southern Utah chapter. They remain dedicated to helping Utahns successfully prevent, prepare for, and respond to disasters and emergencies. For more information about the Red Cross of Utah and BYU’s community involvement, please click here . To learn more about Mountain America’s community involvement, visit macu.com/newsroom . About Mountain America Credit Union With more than 1 million members and $20 billion in assets, Mountain America Credit Union helps its members define and achieve their financial dreams. Mountain America provides consumers and businesses with a variety of convenient, flexible products and services, as well as sound, timely advice. Members enjoy access to secure, cutting-edge mobile banking technology, over 100 branches across multiple states, and more than 50,000 surcharge-free ATMs. Mountain America—guiding you forward. Learn more at macu.com . Contact: publicrelations@macu.com , macu.com/newsroom

Australian retailers selling themselves short by opting out of mega Black Friday shopping event, experts sayTwo industry-leading automation companies, CMA D. ARGOUDELIS & CO S.A. and I.A.S. L.I. SKOURGIALOS L.P., are thrilled to announce an exciting new partnership that will elevate the world of automation and open up new possibilities for their clients. This collaboration marks a significant step forward in the industry as both companies join forces to provide cutting-edge training services and promote products from renowned manufacturers Beijer Electronics and Beckhoff. CMA D. ARGOUDELIS & CO S.A. has established itself as a powerhouse in the field of automation expertise, known for its innovative solutions and commitment to excellence. I.A.S. L.I. SKOURGIALOS L.P., on the other hand, is renowned for its forward-thinking approach and the development of groundbreaking automation solutions. By joining hands, these two industry leaders will harness their collective expertise to deliver unparalleled training services. This partnership will empower businesses across various industries to maximize the potential of automation technologies while staying at the forefront of the rapidly evolving automation landscape. Key highlights of this strategic collaboration include: ü Comprehensive Training Services: Together, CMA D. ARGOUDELIS & CO S.A. and I.A.S. L.I. SKOURGIALOS L.P. will offer comprehensive training programs designed to equip professionals with the skills and knowledge needed to excel in automation. These programs will cover a wide range of topics, ensuring that participants can harness the full potential of automation technologies. ü Product Promotion: As authorized partners of Beijer Electronics AB and Beckhoff Automation GmbH & Co. KG, the two companies will jointly promote a broad spectrum of high-quality automation products. Clients can expect access to state-of-the-art hardware and software solutions that streamline their operations and enhance productivity. ü Customized Solutions: The partnership will focus on delivering tailored automation solutions to meet the unique needs of clients. Whether it’s in manufacturing, industrial processes, or other sectors, businesses will benefit from solutions that drive efficiency and profitability. ü Ongoing Support: CMA D. ARGOUDELIS & CO S.A. and I.A.S. L.I. SKOURGIALOS L.P. are committed to providing continuous support to their clients. This includes technical assistance, maintenance services, and updates to ensure that automation systems remain optimized. Commenting on this collaboration, Ioannis & Nikolaos Argoudelis, CEO’s, CMA D. ARGOUDELIS & CO S.A. said, stated, “We are excited to partner with I.A.S. L.I. SKOURGIALOS L.P. in this venture. Together, we aim to reshape the automation landscape and empower businesses to thrive in the digital age.” Leonardos Skourgialos, Managing Director, I.A.S. L.I. SKOURGIALOS L.P. added, “Our combined expertise and commitment to innovation make this partnership truly transformative. We look forward to helping our clients leverage automation to stay competitive and achieve their goals.” Source: CMA D. ARGOUDELIS & CO S.A.

EAST RUTHERFORD, N.J. (AP) — Malik Nabers said calling the New York Giants “soft” after Sunday’s embarrassing loss to the Tampa Bay Buccaneers was a mistake, although the star rookie receiver still plans to speak out when he thinks it’s necessary. After talking with coach Brian Daboll and general manager Joe Schoen and watching video of the Giants’ 30-7 defeat , Nabers said Tuesday that “soft” was a poor choice of words. “I don’t think it was really soft. I think it was just a lack of technique,” Nabers said. “We were playing our butts off, we just lacked technique.” The Giants (2-9) trailed 23-0 at halftime and had run only 19 plays on offense. Nabers was not targeted in first the half but still finished with a team-high six catches for 64 yards. The No. 6 overall pick in the draft, Nabers said his rant after the game — in which he said the Giants’ quarterbacks weren’t to blame for the team’s poor performance — was just the competitor in him talking. “That’s just how I’m wired. That’s just who I am,” he said. “I just don’t like losing. If I feel like if I had an opportunity to help the team win, I’m going to express that.” RELATED COVERAGE Commanders place kicker Austin Seibert on injured reserve Ravens’ running game was crucial in a big win over the Chargers, especially on 4th down Saquon Barkley is the NFL’s version of Shohei Ohtani: Analysis Nabers said not being targeted in the opening half was tough because his body is prepared to play and not doing anything throws him off his game. “You’re not getting involved early, then you’re not getting the feel of the ball, you’re not getting hit,” Nabers said. “After football plays as an offense, after you get hit, you’re like, ‘All right, I’m ready to go.’” Nabers has a team-high 67 catches, the most by a player in his first nine NFL games. He said he sees himself as a resource, someone who can change the game for the Giants. “I’m not going to just sit back just because I’m a younger guy and not speak on how I feel,” Nabers said. “They want me to speak up. They feel like my energy helps the offense, in a way, to be explosive. So, of course, I’m going to speak up if something doesn’t go my way. That’s just how I am.” The AP Top 25 college football poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . ___ AP NFL: https://apnews.com/hub/nflA UK ticket-holder has won £177 million in Tuesday’s EuroMillions draw. A UK ticket-holder has won £177 million in Tuesday’s EuroMillions draw. But it is not the largest prize a person has won in this country. Here are the 10 biggest UK lottery winners – all from EuroMillions draws – and what some of them did with their fortunes. – Anonymous, £195,707,000 A UK ticket-holder scooped the record EuroMillions jackpot of £195 million on July 19 2022 – the biggest National Lottery win of all time. – Joe and Jess Thwaite, £184,262,899.10 Joe and Jess Thwaite, from Gloucester, scooped a then record-breaking £184,262,899 with a Lucky Dip ticket for the draw on May 10 2022. At the time, Joe was a communications sales engineer, and Jess ran a hairdressing salon with her sister. – Unclaimed ticket holder, £177 million Tuesday’s winner is wealthier than former One Direction member Harry Styles and heavyweight boxer Anthony Joshua, who are both worth £175 million, according to the latest Sunday Times Rich List. Players have been urged to check their tickets to see if they can claim the prize. – Anonymous, £170,221,000 The fourth biggest winner of the National Lottery to date scooped £170 million in October 2019, after matching all the numbers in a Must Be Won draw. – Colin and Chris Weir, £161,653,000 Colin and Chris Weir, from Largs, North Ayrshire, bagged their historic winnings in July 2011, making them the biggest UK winners at the time. Colin used £2.5 million of his fortune to invest in his beloved Partick Thistle Football Club, which led to one of the stands at the stadium being named after him. He later acquired a 55% shareholding in the club, which was to be passed into the hands of the local community upon his death. He died in December 2019, aged 71. The couple also set up the Weir Charitable Trust in 2013 and donated £1 million to the Scottish independence referendum in 2014. They divorced in the same year as Colin’s death. – Adrian and Gillian Bayford, £148,656,000 Adrian and Gillian won 190 million euros in a EuroMillions draw in August 2012, which came to just over £148 million. The couple bought a Grade II listed estate in Cambridgeshire, complete with cinema and billiards room, but it was sold in 2021, some years after the pair divorced, as reported by The Mirror. – Anonymous, £123,458,008 The seventh biggest National Lottery winner won a Superdraw rollover jackpot in June 2019, and decided not to go public with their success. – Anonymous, £122,550,350 After nine rollovers, one lucky anonymous ticket-holder bagged more than £122 million in April 2021. – Anonymous, £121,328,187 Another of the UK’s top 10 lottery winners found their fortune through a Superdraw jackpot rollover, this time in April 2018. – Frances and Patrick Connolly, £114,969,775 Former social worker and teacher Frances set up two charitable foundations after she and her husband won almost £115 million on New Year’s Day 2019. She estimates that she has already given away £60 million to charitable causes, as well as friends and family. She considers helping others to be an addiction, saying: “It gives you a buzz and it’s addictive. I’m addicted to it now.”

NoneClayton scores 34 as Ohio knocks off Portland 85-73

My love of movie scoundrels has been sorely tested this year. When I was young, I daydreamed of exotic heists, slick con artists and lovable crooks I’d seen on screen. For most of my moviegoing life, I’ve been a sucker for larceny done well. Most of us are, probably. Related Articles Movies | ‘Nightbitch’ review: Amy Adams goes feral in a cautionary tale of love and parental imbalance Movies | Review: Angelina Jolie glides through ‘Maria’ like an iceberg, but a chilly Callas isn’t enough Movies | ‘Sweethearts’ review: Breakup-focused romcom is largely engaging Movies | Making ‘Queer’ required openness. Daniel Craig was ready Movies | 18 most anticipated movies in holiday season 2024 But now it’s late 2024. Mood is wrong. In the real world, in America, it’s scoundrel time all the time. Maybe Charles Dickens was right. In “American Notes for General Circulation” (1842), the English literary superstar chronicled his travels and detected a widespread, peculiarly American “love of ‘smart’ dealing” across the land. In business and in politics, Dickens observed, slavish admiration of the con men among them “gilds over many a swindle and gross breach of trust.” And here we are. It’ll pass, this scoundrel reprieve of mine. In fact it just did. All it took was thinking about the conspicuous, roguish outlier on my best-of-2024 list: “Challengers.” It’s what this year needed and didn’t know it: a tricky story of lying, duplicitous weasels on and off the court. The best films this year showed me things I hadn’t seen, following familiar character dynamics into fresh territory. Some were more visually distinctive than others; all made eloquent cases for how, and where, their stories unfolded. “All We Imagine as Light,” recently at the Gene Siskel Film Center, works like a poem, or a sustained exhalation of breath, in its simply designed narrative of three Mumbai hospital workers. Fluid, subtly political, filmmaker Payal Kapadia’s achievement is very nearly perfect. So is cowriter-director RaMell Ross’ adaptation of the Colson Whitehead novel “The Nickel Boys,” arriving in Chicago-area theaters on Jan. 3, 2025. “Nickel Boys,” the film, loses the “the” in Whitehead’s title but gains an astonishingly realized visual perspective. If Ross never makes another movie, he’ll have an American masterpiece to his credit. The following top 10 movies of 2024 are in alphabetical order. Both a mosaic of urban ebb and flow, and a delicate revelation of character, director and writer Payal Kapadia’s Mumbai story is hypnotic, patient and in its more traditional story progression, a second feature every bit as good as Kapadia’s first, 2021’s “A Night of Knowing Nothing.” Mikey Madison gives one of the year’s funniest, saddest, truest performances as a Brooklyn exotic dancer who takes a shine to the gangly son of a Russian oligarch, and he to her. Their transactional courtship and dizzying Vegas marriage, followed by violently escalating complications, add up to filmmaker Sean Baker’s triumph, capped by an ending full of exquisite mysteries of the human heart. As played by Adrien Brody, the title character is a visionary architect and Hungarian Jewish emigre arriving in America in 1947 after the Holocaust. (That said, the title refers to more than one character.) His patron, and his nemesis, is the Philadelphia blueblood industrialist played by Guy Pearce. Director/co-writer Brady Corbet’s thrillingly ambitious epic, imperfect but loaded with rewarding risks, was shot mostly in widescreen VistaVision. Worth seeing on the biggest screen you can find. Opens in Chicago-area theaters on Jan. 10, 2025. Zendaya, Mike Faist and Josh O’Connor play games with each other, on the tennis court and in beds, while director Luca Guadagnino builds to a match-point climax that can’t possibly work, and doesn’t quite — but I saw the thing twice anyway. In Bucharest, production assistant Angela zigzags around the city interviewing people for her employer’s workplace safety video. If that sounds less than promising, even for a deadpan Romanian slice-of-life tragicomedy, go ahead and make the mistake of skipping this one. llinca Manolache is terrific as Angela. Like “Do Not Expect Too Much,” director Agnieszka Holland’s harrowing slice of recent history was a 2023 release, making it to Chicago in early 2024. Set along the densely forested Poland/Belarus border, this is a model of well-dramatized fiction honoring what refugees have always known: the fully justified, ever-present fear of the unknown. A quiet marvel of a feature debut from writer-director Annie Baker, this is a mother/daughter tale rich in ambiguities and wry humor, set in a lovely, slightly forlorn corner of rural Massachusetts. Julianne Nicholson, never better; Zoe Ziegler as young, hawk-eyed Lacy, equally memorable. I love this year’s nicest surprise. The premise: A teenager’s future 39-year-old self appears to her, magically, via a strong dose of mushrooms. The surprise: Writer-director Megan Park gradually deepens her scenario and sticks a powerfully emotional landing. Wonderful work from Aubrey Plaza, Maisy Stella, Maria Dizzia and everybody, really. From the horrific true story of a Florida reform school and its decades of abuse, neglect and enraging injustice toward its Black residents, novelist Colson Whitehead’s fictionalized novel makes a remarkable jump to the screen thanks to co-writer/director RaMell Ross’s feature debut. Cousins, not as close as they once were, reunite for a Holocaust heritage tour in Poland and their own search for their late grandmother’s childhood home. They’re the rootless Benji (Kieran Culkin) and tightly sprung David (Jesse Eisenberg, who wrote and directed). Small but very sure, this movie’s themes of genocidal trauma and Jewish legacy support the narrative every step of the way. Culkin is marvelous; so is the perpetually undervalued Eisenberg. To the above, I’ll add 10 more runners-up, again in alphabetical order: “Blink Twice,” directed by Zoe Kravitz. “Conclave,” directed by Edward Berger. “Dune: Part Two ,” directed by Denis Villeneuve. “Good One ,” directed by India Donaldson. “Hit Man,” directed by Richard Linklater. “Joker: Folie a Deux,” directed by Todd Phillips. “Nosferatu,” directed by Robert Eggers, opens in Chicago-area theaters on Dec. 25. “The Outrun,” directed by Nora Fingscheidt. “Soundtrack to a Coup d’Etat,” directed by Johan Grimonprez. “Tuesday,” directed by Daina O. Pusić. Michael Phillips is a Tribune critic.

France's Macron vows to stay in office till end of term, says he'll name a new prime minister soonLUQUE, Paraguay — Sake is perhaps more Japanese than the world-famous sushi. It's brewed in centuries-old mountaintop warehouses, savored in the country’s pub-like izakayas, poured during weddings and served slightly chilled for special toasts. The smooth rice wine that plays a crucial role in Japan's culinary traditions was enshrined on Wednesday by UNESCO on its list of the “intangible cultural heritage of humanity." At a meeting in Luque, Paraguay, members of UNESCO’s committee for safeguarding humanity's cultural heritage voted to recognize 45 cultural practices and products around the world, including Brazilian white cheese, Caribbean cassava bread and Palestinian olive oil soap. Unlike UNESCO’s World Heritage List, which includes sites considered important to humanity like the Pyramids of Giza in Egypt, the Intangible Cultural Heritage designation names products and practices of different cultures that are deserving of recognition. A Japanese delegation welcomed the announcement in Luque. “Sake is considered a divine gift and is essential for social and cultural events in Japan,” Kano Takehiro, the Japanese ambassador to UNESCO, told The Associated Press. The basic ingredients of sake are few: rice, water, yeast and koji, a rice mold that breaks down the starches into fermentable sugars like malting does in beer production. The whole two-month process of steaming, stirring, fermenting and pressing can be grueling. The rice — which wields tremendous marketing power as part of Japan's broader cultural identity — is key to the alcoholic brew. For a product to be categorized Japanese sake, the rice must be Japanese. The UNESCO recognition, the delegation said, captured more than the craft knowledge of making high-quality sake. It also honored a tradition dating back some 1,000 years — sake makes a cameo in Japan’s famous 11th century novel, “The Tale of Genji,” as the drink of choice in the refined Heian court. Now, officials hope to restore sake's image as Japan's premier alcoholic drink even as the younger drinkers in the country switch to imported wine or domestic beer and whiskey. Japanese breweries also expressed hope the listing could give a lift to the country's export economy as the popularity of sake booms around the world and in the United States amid heightened interest in Japanese cuisine. “I hope that this will also be an opportunity for Japanese people to take another look at sake, shochu and awamori, which are the essence of their culture," Hitoshi Utsunomiya, director of the trade group Japan Sake and Shochu Makers Association, said in Tokyo. "I would like them to try it even once and see what it tastes like,” he said. Sake exports, mostly to the U.S. and China, now rake in over $265 million a year, according to the association. Japan's delegation appeared ready to celebrate Wednesday — in classic Japanese style. After the announcement, Takehiro raised a cypress box full of sake to toast the alcoholic brew and cultural rite. “It means a lot to Japan and to the Japanese,” he said of the UNESCO designation. "This will help to renew interest in traditional sake elaboration.” In Tokyo, Japanese Prime Minister Shigeru Ishiba said he was “delighted” by UNESCO's recognition of traditional sake-making techniques, and he congratulated those dedicated to preserving and promoting the tradition.

Chevron Announces 2025 Capex Budget & 4Q24 Interim Updates

Clayton scores 34 as Ohio knocks off Portland 85-73Malik Nabers says calling the Giants 'soft' was wrong but he doesn't regret speaking out

As winter sets in and the flow of international aid into war-torn Gaza dwindles, the humanitarian situation continues to deteriorate rapidly, and innocent civilians continue to perish. Earlier this week, in response to the devastating humanitarian crisis, Egypt brought together representatives from over 100 countries and organizations to focus the world’s attention on Gaza, convening the ‘Cairo Ministerial Conference to Enhance the Humanitarian Response in Gaza.’ “For over a year, we have witnessed the grave human toll of the conflict in Gaza. Violence has destroyed the necessities required for human life and dignity – water systems, food production, and people’s homes,” Régis Savioz of the International Committee of the Red Cross said in his address to the Cairo conference on Dec. 2. “Gaza is currently in a state of unfathomable devastation,” he added. With colder temperatures, the humanitarian needs in Gaza “will only deepen,” Savioz continued. “We have yet to achieve the necessary unhindered flow of aid and reliable distribution in Gaza. Checkpoints remain onerous. Entry processes of aid are often impeded. Security inside Gaza is not guaranteed.” The ICRC emphasizes several key points, including the protection of civilians and civilian infrastructure as required by International Humanitarian Law. “Second, hospitals and medical facilities must remain sanctuaries to preserve human life,” Savioz said. Third, the ICRC calls on the parties to the conflict “to allow and facilitate rapid and unimpeded passage of humanitarian relief for civilians.” In addition, Savioz reminded the conference: “International humanitarian law demands the release of hostages, the humane treatment of detainees, the safe return of communities to their homes, and the assurance that people in Gaza and Israel can return to a life of dignity and security.” Lack of basic supplies “For more than 50 days, people in North Gaza have been under siege,” Muhannad Hadi, an official with the UN Office for the Coordination of Humanitarian Affairs (OCHA), told the Cairo conference. “North Gaza has effectively been inaccessible to the UN. Our requests for access have been repeatedly and systematically denied by Israeli forces with devastating consequences: families are trapped under rubble, the sick and wounded cannot reach hospitals, and basic supplies—water, food, medical care—have run out.” According to the Integrated Food Security Phase Classification (IPC), “the humanitarian situation in the Gaza Strip is extremely grave and rapidly deteriorating.” A Nov. 8 IPC Alert warns that there’s “a strong likelihood that famine is imminent in areas within the northern Gaza Strip.” In a joint statement, Foreign Affairs Minister Mélanie Joly and International Development Minister Ahmed Hussen declared that Canada “continues to be deeply concerned by the catastrophic humanitarian conditions that persist across the Gaza Strip and the life-threatening levels of acute malnutrition.” In advance of the Cairo conference, Canada announced additional humanitarian assistance for the people of Gaza and the West Bank. Hussen announced on Nov. 29 that Canada has allocated another $50 million in funding for humanitarian assistance to help meet the “acute needs” of Palestinian civilians, including medical assistance, food, safe water, and protection services. The latest allocation brings Canada’s total contribution to the humanitarian relief effort to $215 million. Canadian aid is being delivered though trusted international partners, such as the Red Cross and the World Food Programme (WFP). Rob Oliphant, Parliamentary Secretary to the Minister of Foreign Affairs, represented Canada at the Cairo conference UNRWA In his address to the conference, Philippe Lazzarini, Commissioner-General of United Nations Relief and Works Agency for Palestine Refugees in the Near East [UNRWA], described the humanitarian situation in Gaza as “a dystopian nightmare.” He asserted: “More than 44,000 people are reported killed – 70 percent are women and children.” (However, he did not say how many Hamas terrorists were among the dead.) According to Lazzarini, “UNRWA remains the backbone of the humanitarian response,” providing health and education services. In April 2024, Israel’s Ministry for Diaspora Affairs and Combatting Antisemitism produced a scathing report on the alleged connection between UNRWA employees and the Oct. 7, 2023 Hamas attacks on Israel that killed approximately 1,200 people, the largest mass murder of Jews since the Holocaust. “At least 12 UNRWA employees, including teachers, educators and aid warehouse managers, were actively involved in the massacre, murder, mutilation and abduction of Israeli citizens,” reads ‘UNRWA: Special Report.’ The report alleges that may UNRWA employees, including teachers “have ties to Hamas and Islamic Jihad terrorist organizations.” According to the UN website, of the 12 people affiliated with the UN agency implicated in the Oct. 7 attacks, “UNRWA immediately identified and terminated the contracts of ten, another two are confirmed dead.” In a joint statement issued on Oct. 26, 2024, the foreign ministers of Canada, Australia, France, Germany, Japan, Republic of Korea and the United Kingdom expressed “grave concern over legislation currently under consideration by the Israeli Knesset, aimed at revoking the privileges and immunities of the United Nations Relief and Works Agency for Palestine Refugees in the Near East, forbidding any contact between Israeli state entities, officials and UNRWA, and prohibiting any UNRWA presence within Israel.” In reaction to the news that the Israeli parliament had passed the legislation, Amnesty International’s Secretary General Agnès Callamard described the new law as “unconscionable.” According to the Oct. 29 statement, the law “amounts to the criminalization of humanitarian aid and will worsen an already catastrophic humanitarian crisis.” According to Lazzarini, “the implementation of the Israeli Knesset legislation to end UNRWA’s operations in the occupied Palestinian territory will have disastrous consequences.” He warned that “dismantling UNRWA will collapse the United Nations’ humanitarian response” in Gaza. Allegations against UNRWA Earlier this year, UN Secretary-General António Guterres, in consultation with Lazzarini, appointed an independent investigation of UNRWA in the wake of the Oct. 7 th attacks. According to the final report issued by the Independent Review Group, UNRWA had “established a significant number of mechanisms and procedures” to ensure neutrality. However, the report acknowledged that “neutrality-related issues persist.” For example, there have been “instances of staff publicly expressing political views, host-country textbooks with problematic content being used in some UNRWA schools,” reads the ‘Final Report for the United Nations Secretary-General: Independent Review of Mechanisms and Procedures to Ensure Adherence by UNRWA to the Humanitarian Principle of Neutrality.’ The report, published in April 2024, identifies “important areas for further strengthening,” such as “additional ways to screen UNRWA staff at an early stage of the recruitment process.” The UNRWA website devotes a webpage to debunking what it claims to be misinformation and disinformation. For example, regarding the allegation that the entire agency is a haven for Hamas, UNRWA maintains that only a tiny fraction of its employees have breached the humanitarian principle of neutrality. “From January 2022 until November 2024, the Agency was subjected to a sustained campaign of more than 250 complaints, mainly from external NGOs, alleging neutrality breaches against individuals reported as UNRWA personnel,” the UNRWA website reads. “Only 0.66% of UNRWA personnel out of 30,000 staff across all UNRWA Fields of Operations were identified as being implicated in breach of neutrality allegations throughout the period specified above.” A month after the opposing reports were published, Israel made another serious allegation. According to a May 3, 2024 press statement issued by the Office of the Prime Minister of Israel, the Israeli Defence Forces (IDP) intercepted phone calls of UNRWA staff in Gaza, allegedly revealing that “over 450 UNRWA employees have been, and still are, working in cooperation with Hamas, the Islamic Jihad and other terror groups within Gaza.” Looting On Dec. 1, the UNRWA commissioner-general took to X, formerly Twitter, to announce that the UN agency was pausing the delivery of humanitarian aid to Gaza through Kerem Shalom, the main transit point for aid deliveries. The decision to temporarily halt deliveries flowed from security issues. “The road out of this crossing has not been safe for months,” Lazzarini posted. “On 16 November, a large convoy of aid trucks was stolen by armed gangs. Yesterday, we tried to bring in a few food trucks on the same route. They were all taken. This difficult decision comes at a time hunger is rapidly deepening.”Amazon is selling a cordless stick vacuum that 'beats Dyson by far' for only $92 — its lowest price in history

SAN FRANCISCO--(BUSINESS WIRE)--Dec 5, 2024-- All Remote – GitLab Inc. (NASDAQ: GTLB), the most comprehensive AI-powered DevSecOps platform, today reported financial results for its third quarter fiscal year 2025, ended October 31, 2024. “GitLab’s growth at scale is a testament to the demand for a platform approach to software development,” said Sid Sijbrandij, co-founder and executive chair of the board of directors, GitLab Inc. “Our end-to-end DevSecOps platform addresses our customers’ need to accelerate the pace of software development to remain competitive, innovate faster, and ship software more securely.” In a separate press release issued today, December 5, 2024, the company announced Bill Staples was named CEO and a member of the board of directors effective today. Staples succeeds co-founder and CEO Sid Sijbrandij, who is stepping down from his day-to-day role to focus on his health. Sijbrandij will transition to executive chair of the GitLab board of directors. The announcement can be found at https://ir.gitlab.com/ . “We delivered record non-GAAP operating margins as our third quarter fiscal year 2025 revenue reached $196 million dollars, an increase of 31% year-over-year,” said Brian Robins, GitLab chief financial officer. “I am very pleased with our results and the team’s execution as we continue to deliver against our commitment to responsible growth.” Third Quarter Fiscal Year 2025 Financial Highlights (in millions, except per share data and percentages) : Q3 FY 2025 Q3 FY 2024 Y/Y Change Revenue $ 196.0 $ 149.7 31 % GAAP Gross margin 89 % 90 % Non-GAAP Gross margin 91 % 91 % GAAP Operating margin (15 )% (27 )% Non-GAAP Operating margin 13 % 3 % GAAP Operating loss $ (28.7 ) $ (40.3 ) $ 11.6 Non-GAAP Operating income $ 25.9 $ 4.7 $ 21.2 GAAP Net Income (loss) attributable to GitLab $ 29.6 $ (285.2 ) $ 314.8 Non-GAAP Net income attributable to GitLab $ 39.1 $ 14.4 $ 24.7 GAAP Net income (loss) per share attributable to GitLab, basic $ 0.18 $ (1.84 ) $ 2.02 GAAP Net income (loss) per share attributable to GitLab, diluted $ 0.18 $ (1.84 ) $ 2.02 Non-GAAP Net income per share attributable to GitLab, basic $ 0.24 $ 0.09 $ 0.15 Non-GAAP Net income per share attributable to GitLab, diluted $ 0.23 $ 0.09 $ 0.14 GAAP net cash used in operating activities $ (177.0 ) $ (6.0 ) $ (171.0 ) Non-GAAP adjusted free cash flow $ 9.7 $ (6.7 ) $ 16.4 A reconciliation between GAAP and non-GAAP financial measures is contained in this release under the section titled “Non-GAAP Financial Measures.” Additional Financial Highlights: Customers with more than $5,000 of ARR reached 9,519, an increase of 16% year-over-year. Customers with more than $100,000 of ARR reached 1,144, an increase of 31% year-over-year. Dollar-Based Net Retention Rate was 124%. Total RPO grew 48% year-over-year to $811.8 million, while cRPO grew 39% to $515.2 million. Business Highlights: Recognized as a Leader in the Gartner® Magic QuadrantTM for DevOps Platforms for the second consecutive year. Announced an integrated offering with AWS that brings together GitLab Duo and Amazon Q. Together, GitLab Duo and Amazon Q provide a seamless AI-powered developer experience that combines DevSecOps workflows and AWS environments to help organizations ship secure software faster. Announced the general availability of Advanced SAST for GitLab Ultimate customers, leveraging technology acquired with Oxeye, for more accurate vulnerability detections in first-party code. Fourth Quarter and Fiscal Year 2025 Financial Outlook For the fourth quarter and fiscal year 2025, GitLab Inc. expects ( in millions, except share and per share data) : Q4 FY 2025 Guidance FY 2025 Guidance Revenue $205.0 - $206.0 $753 - $754 Non-GAAP operating income $28.0 - $29.0 $69 - $70 Non-GAAP diluted net income per share assuming approximately 170 million and 168 million weighted average shares outstanding during Q4 FY 2025 and FY 2025, respectively. $0.22 - $0.23 $0.63 - $0.64 These statements are forward-looking and actual results may differ materially as a result of many factors. Refer to the Forward-Looking Statements safe harbor below for information on the factors that could cause our actual results to differ materially from these forward-looking statements. A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below in Non-GAAP Financial Measures. We have not provided the most directly comparable GAAP financial guidance measures because certain items are out of our control or cannot be reasonably predicted. Accordingly, a reconciliation of non-GAAP guidance for operating income (loss) and net income (loss) per share to the corresponding GAAP measures is not available. Conference Call Information GitLab will host a conference call today, December 5, 2024, at 1:30 p.m. (PT) / 4:30 p.m. (ET) to discuss its third quarter fiscal year 2025 financial results and its guidance for the fourth quarter and fiscal year 2025. Interested parties may register for the call in advance by visiting https://bit.ly/3Ul8cwM . A live webcast of this conference call will be available on GitLab’s investor relations website ( ir.gitlab.com ), and a replay will also be archived on the website for one year. About GitLab GitLab is the most comprehensive AI-powered DevSecOps platform for software innovation. GitLab enables organizations to increase developer productivity, improve operational efficiency, reduce security and compliance risk, and accelerate digital transformation. More than 40 million registered users and more than 50% of the Fortune 100 trust GitLab to ship better, more secure software faster. Non-GAAP Financial Measures GitLab believes non-GAAP measures are useful in evaluating its operating performance. GitLab uses this supplemental information to evaluate its ongoing operations and for internal planning and forecasting purposes. GitLab believes that non-GAAP financial information, when taken collectively with its GAAP financial information, may be helpful to investors because it provides consistency and comparability with past financial performance. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. Reconciliations of non-GAAP financial measures to the most directly comparable financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. We define non-GAAP financial measures as GAAP measures, excluding certain items such as stock-based compensation expense, amortization of acquired intangible assets, foreign exchange (gain) loss, equity method investment loss and impairment, acquisition related expenses, changes in the fair value of acquisition related contingent consideration, charitable donation of common stock, restructuring charges, a non-recurring income tax adjustment related to bilateral advance pricing agreement (“BAPA”) negotiations, and other expenses that the Company believes are not indicative of its ongoing operations. Shares used for net income per share on a non-GAAP basis include incremental dilutive shares related to restricted stock units, options, and shares issuable under GitLab Inc.’s 2021 Employee Stock Purchase Plan that are anti-dilutive on a GAAP basis. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures and not rely on any single financial measure to evaluate our business. Adjusted Free Cash Flow Adjusted free cash flow is a non-GAAP financial measure that we calculate as net cash provided by operating activities less cash used for purchases of property and equipment, plus any non-recurring income tax payments related to BAPA. We believe that adjusted free cash flow is a useful indicator of liquidity that provides information to management and investors about the amount of cash generated from our operations that, after the investments in property and equipment and any non-recurring income tax payments related to BAPA, can be used for strategic initiatives, including investing in our business, and strengthening our financial position. One limitation of adjusted free cash flow is that it does not reflect our future contractual commitments. Additionally, adjusted free cash flow does not represent the total increase or decrease in our cash balance for a given period. Forward-Looking Statements This press release and the accompanying earnings call contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although we believe that the expectations reflected in the forward-looking statements contained in this release and the accompanying earnings call are reasonable, they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions, and other factors include, but are not limited to the following: our ability to effectively manage our growth; our revenue growth rate in the future; our ability to achieve and sustain profitability, our business, financial condition, and operating results; security and privacy breaches; intense competition in our markets and loss of market share to our competitors; our ability to respond to rapid technological changes; the market for our services may not grow; a decline in our customer renewals and expansions; fluctuations in our operating results; our incorporation of artificial intelligence features into our products; our transparency; our publicly available company Handbook; customers staying on our free self-managed or SaaS product offering; our ability to accurately predict the long-term rate of customer subscription renewals or adoption, or the impact of these renewals and adoption; our hiring model; the effects of ongoing armed conflict in different regions of the world on our business; and general economic conditions (including changes in interest rates, inflation, uncertainty of the federal budget, increased volatility in the capital markets, and instability in the global banking sector) and slow or negative growth of our markets. Further information on these and additional risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those included in or contemplated by the forward-looking statements contained in this release are included under the caption “Risk Factors” and elsewhere in the filings and reports we make with the Securities and Exchange Commission. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law. Operating Metrics Annual Recurring Revenue (“ARR”): We define annual recurring revenue as the annual run-rate revenue of subscription agreements, including our self-managed and SaaS offerings but excluding professional services, from all customers as measured on the last day of a given month. We calculate ARR by taking the monthly recurring revenue (“MRR”) and multiplying it by 12. MRR for each month is calculated by aggregating, for all customers during that month, monthly revenue from committed contractual amounts of subscriptions, including our self-managed license, self-managed subscription, and SaaS subscription offerings but excluding professional services. Dollar-Based Net Retention Rate: We calculate Dollar-Based Net Retention Rate as of a period end by starting with our customers as of the 12 months prior to such period end (“Prior Period ARR”). We then calculate the ARR from these customers as of the current period end (“Current Period ARR”). The calculation of Current Period ARR includes any upsells, price adjustments, user growth within a customer, contraction, and attrition. We then divide the total Current Period ARR by the total Prior Period ARR to arrive at the Dollar-Based Net Retention Rate. GitLab Inc. Condensed Consolidated Balance Sheets (in thousands, except per share data) (unaudited) October 31, 2024 (1) January 31, 2024 (1) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 176,632 $ 287,996 Short-term investments 740,340 748,289 Accounts receivable, net of allowance for doubtful accounts of $891 and $673 as of October 31, 2024 and January 31, 2024, respectively 197,555 166,731 Deferred contract acquisition costs, current 34,518 32,300 Prepaid expenses and other current assets 43,120 45,601 Total current assets 1,192,165 1,280,917 Property and equipment, net 3,563 2,954 Operating lease right-of-use assets 444 405 Goodwill 16,131 8,145 Intangible assets, net 19,536 1,733 Deferred contract acquisition costs, non-current 17,248 19,317 Other non-current assets 3,552 4,390 TOTAL ASSETS $ 1,252,639 $ 1,317,861 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES: Accounts payable $ 2,224 $ 1,738 Accrued expenses and other current liabilities 51,821 286,178 Accrued compensation and benefits 27,274 35,809 Deferred revenue, current 383,183 338,348 Total current liabilities 464,502 662,073 Deferred revenue, non-current 14,138 23,794 Other non-current liabilities 3,776 14,060 TOTAL LIABILITIES 482,416 699,927 STOCKHOLDERS’ EQUITY: Preferred stock, $0.0000025 par value; 50,000 shares authorized as of October 31, 2024 and January 31, 2024; no shares issued and outstanding as of October 31, 2024 and January 31, 2024 — — Class A Common stock, $0.0000025 par value; 1,500,000 shares authorized as of October 31, 2024 and January 31, 2024; 140,528 and 114,670 shares issued and outstanding as of October 31, 2024 and January 31, 2024, respectively — — Class B Common stock, $0.0000025 par value; 250,000 shares authorized as of October 31, 2024 and January 31, 2024; 21,555 and 42,887 shares issued and outstanding as of October 31, 2024 and January 31, 2024, respectively — — Additional paid-in capital 1,891,653 1,718,661 Accumulated deficit (1,161,952 ) (1,149,822 ) Accumulated other comprehensive income (loss) (4,996 ) 2,335 Total GitLab stockholders’ equity 724,705 571,174 Noncontrolling interests 45,518 46,760 TOTAL STOCKHOLDERS’ EQUITY 770,223 617,934 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,252,639 $ 1,317,861 (1) As of October 31, 2024 and January 31, 2024, the consolidated balance sheet includes assets of the consolidated variable interest entity, GitLab Information Technology (Hubei) Co., LTD (“JiHu”), of $43.4 million and $47.6 million, respectively, and liabilities of $6.1 million for each period presented. The assets of JiHu can be used only to settle obligations of JiHu and creditors of JiHu do not have recourse against the general credit of GitLab Inc. GitLab Inc. Condensed Consolidated Statements of Operations (in thousands, except per share data) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenue: Subscription—self-managed and SaaS $ 175,257 $ 130,993 $ 489,617 $ 364,280 License—self-managed and other 20,790 18,675 58,201 51,847 Total revenue 196,047 149,668 547,818 416,127 Cost of revenue: Subscription—self-managed and SaaS 17,170 11,559 47,639 33,321 License—self-managed and other 4,955 3,525 14,632 10,398 Total cost of revenue 22,125 15,084 62,271 43,719 Gross profit 173,922 134,584 485,547 372,408 Operating expenses: Sales and marketing 95,340 86,978 285,542 265,631 Research and development 61,354 49,058 176,767 148,452 General and administrative 45,960 38,815 146,615 110,882 Total operating expenses 202,654 174,851 608,924 524,965 Loss from operations (28,732 ) (40,267 ) (123,377 ) (152,557 ) Interest income 12,586 10,874 37,443 27,301 Other income (expense), net 4,992 569 5,457 (508 ) Loss before income taxes and loss from equity method investment (11,154 ) (28,824 ) (80,477 ) (125,764 ) Loss from equity method investment, net of tax — (743 ) — (2,408 ) Provision for (benefit from) income taxes (39,421 ) 256,788 (66,131 ) 262,290 Net income (loss) $ 28,267 $ (286,355 ) $ (14,346 ) $ (390,462 ) Net loss attributable to noncontrolling interest (1,298 ) (1,197 ) (2,216 ) (2,755 ) Net income (loss) attributable to GitLab $ 29,565 $ (285,158 ) $ (12,130 ) $ (387,707 ) Net income (loss) per share attributable to GitLab Class A and Class B common stockholders: Basic $ 0.18 $ (1.84 ) $ (0.08 ) $ (2.53 ) Diluted $ 0.18 $ (1.84 ) $ (0.08 ) $ (2.53 ) Weighted-average shares used to compute net income (loss) per share attributable to GitLab Class A and Class B common stockholders: Basic 161,317 155,123 159,756 153,504 Diluted 167,436 155,123 159,756 153,504 GitLab Inc. Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss), including amounts attributable to noncontrolling interest $ 28,267 $ (286,355 ) $ (14,346 ) $ (390,462 ) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Stock-based compensation expense 48,042 41,334 139,263 120,032 Change in fair value of acquisition related contingent consideration — — 3,750 — Charitable donation of common stock 2,957 2,675 8,871 8,025 Amortization of intangible assets 2,511 521 5,931 1,646 Depreciation expense 680 1,123 2,361 3,329 Amortization of deferred contract acquisition costs 12,704 10,447 35,650 31,066 Loss from equity method investment — 940 — 3,048 Net amortization of premiums or discounts on short-term investments (3,792 ) (5,867 ) (12,933 ) (14,361 ) Unrealized foreign exchange loss (gain), net (5,184 ) (573 ) (5,442 ) 252 Other non-cash expense, net 467 420 768 317 Changes in assets and liabilities: Accounts receivable (32,883 ) (30,572 ) (31,658 ) (5,291 ) Prepaid expenses and other current assets (10,773 ) (3,935 ) 2,498 (8,183 ) Deferred contract acquisition costs (14,751 ) (13,623 ) (35,706 ) (31,760 ) Other non-current assets 1,348 (453 ) 851 (1,174 ) Accounts payable (1,317 ) 799 33 (224 ) Accrued expenses and other current liabilities (220,071 ) 244,674 (241,704 ) 245,857 Accrued compensation and benefits (1,913 ) 231 (8,815 ) 2,842 Deferred revenue 19,665 14,270 34,503 29,158 Other non-current liabilities (2,985 ) 17,983 (11,068 ) 16,070 Net cash provided by (used in) operating activities (177,028 ) (5,961 ) (127,193 ) 10,187 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of short-term investments (240,136 ) (238,680 ) (503,394 ) (573,676 ) Proceeds from maturities of short-term investments 148,763 253,995 524,862 526,979 Purchases of property and equipment (1,057 ) (736 ) (2,608 ) (1,269 ) Payments for business combination, net of cash acquired — — (20,210 ) — Payments for asset acquisition (346 ) — (7,660 ) — Escrow payment related to business combination, after acquisition date — — — (2,500 ) Other investing activities — — 457 — Net cash provided by (used in) investing activities (92,776 ) 14,579 (8,553 ) (50,466 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from the issuance of common stock upon exercise of stock options, including early exercises, net of repurchases 7,822 4,715 17,895 22,492 Issuance of common stock under employee stock purchase plan — — 7,932 7,751 Settlement of acquisition related contingent cash consideration (4,900 ) — (4,900 ) — Net cash provided by financing activities 2,922 4,715 20,927 30,243 Impact of foreign exchange on cash and cash equivalents 4,898 (1,249 ) 3,455 (2,557 ) Net decrease in cash and cash equivalents (261,984 ) 12,084 (111,364 ) (12,593 ) Cash and cash equivalents at beginning of period 438,616 273,225 287,996 297,902 Cash and cash equivalents at end of period $ 176,632 $ 285,309 $ 176,632 $ 285,309 GitLab Inc. Reconciliation of GAAP to Non-GAAP (in thousands, except per share data) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Gross profit on GAAP basis $ 173,922 $ 134,584 $ 485,547 $ 372,408 Gross margin on GAAP basis 89 % 90 % 89 % 89 % Stock-based compensation expense 1,993 1,648 5,924 4,760 Amortization of acquired intangibles 2,511 521 5,931 1,546 Restructuring charges — — — 463 Gross profit on non-GAAP basis $ 178,426 $ 136,753 $ 497,402 $ 379,177 Gross margin on non-GAAP basis 91 % 91 % 91 % 91 % Sales and marketing on GAAP basis $ 95,340 $ 86,978 $ 285,542 $ 265,631 Stock-based compensation expense (17,012 ) (16,523 ) (54,290 ) (51,582 ) Restructuring charges (130 ) 54 (1,126 ) (3,623 ) Sales and marketing on non-GAAP basis $ 78,198 $ 70,509 $ 230,126 $ 210,426 Research and development on GAAP basis $ 61,354 $ 49,058 $ 176,767 $ 148,452 Stock-based compensation expense (14,384 ) (12,738 ) (42,834 ) (36,917 ) Restructuring charges — (72 ) (393 ) (2,119 ) Research and development on non-GAAP basis $ 46,970 $ 36,248 $ 133,540 $ 109,416 General and administrative on GAAP basis $ 45,960 $ 38,815 $ 146,615 $ 110,882 Stock-based compensation expense (14,653 ) (10,425 ) (36,215 ) (26,773 ) Amortization of acquired intangibles — — — (100 ) Restructuring charges 11 4 (377 ) (1,634 ) Charitable donation of common stock (2,957 ) (2,675 ) (8,871 ) (8,025 ) Changes in the fair value of acquisition related contingent consideration — — (3,750 ) — Acquisition related expenses (140 ) — (2,849 ) — Other non-recurring charges (872 ) (413 ) (1,084 ) (413 ) General and administrative on non-GAAP basis $ 27,349 $ 25,306 $ 93,469 $ 73,937 Loss from operations on GAAP basis $ (28,732 ) $ (40,267 ) $ (123,377 ) $ (152,557 ) Stock-based compensation expense 48,042 41,334 139,263 120,032 Amortization of acquired intangibles 2,511 521 5,931 1,646 Restructuring charges 119 14 1,896 7,839 Charitable donation of common stock 2,957 2,675 8,871 8,025 Changes in the fair value of acquisition related contingent consideration — — 3,750 — Acquisition related expenses 140 — 2,849 — Other non-recurring charges 872 413 1,084 413 Income (loss) from operations on non-GAAP basis $ 25,909 $ 4,690 $ 40,267 $ (14,602 ) Other income (expense), net on GAAP basis $ 4,992 $ 569 $ 5,457 $ (508 ) Foreign exchange gains (losses), net (5,096 ) (488 ) (5,326 ) 506 Other income (expense), net on non-GAAP basis $ (104 ) $ 81 $ 131 $ (2 ) Net income (loss) attributable to GitLab common stockholders on GAAP basis $ 29,565 $ (285,158 ) $ (12,130 ) $ (387,707 ) Stock-based compensation expense 48,042 41,334 139,263 120,032 Amortization of acquired intangibles 2,511 521 5,931 1,646 Restructuring charges 119 14 1,896 7,839 Charitable donation of common stock 2,957 2,675 8,871 8,025 Changes in the fair value of acquisition related contingent consideration — — 3,750 — Acquisition related expenses 140 — 2,849 — Loss from equity method investment, net of tax — 743 — 2,408 Foreign exchange gains (losses), net (5,096 ) (488 ) (5,326 ) 506 Income tax adjustment (39,965 ) 254,392 (78,047 ) 254,392 Other non-recurring charges 872 413 1,084 413 Net income attributable to GitLab common stockholders on non-GAAP basis $ 39,145 $ 14,446 $ 68,141 $ 7,554 GAAP net income (loss) per share, basic $ 0.18 $ (1.84 ) $ (0.08 ) $ (2.53 ) GAAP net income (loss) per share, diluted $ 0.18 $ (1.84 ) $ (0.08 ) $ (2.53 ) Non-GAAP net income per share, basic $ 0.24 $ 0.09 $ 0.43 $ 0.05 Non-GAAP net income per share, diluted $ 0.23 $ 0.09 $ 0.41 $ 0.05 Shares used in per share calculation - basic on GAAP basis 161,317 155,123 159,756 153,504 Effect of dilutive securities 6,119 7,671 7,637 7,774 Shares used in per share calculation - diluted on non-GAAP basis 167,436 162,794 167,393 161,278 GitLab Inc. Reconciliation of GAAP Cash Flow from Operating Activities to Adjusted Free Cash Flow (in thousands) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Computation of adjusted free cash flow GAAP net cash provided by (used in) operating activities $ (177,028 ) $ (5,961 ) $ (127,193 ) $ 10,187 Less: Purchases of property and equipment (1,057 ) (736 ) (2,608 ) (1,269 ) Add: Income tax payments related to BAPA 187,735 — 187,735 — Non-GAAP adjusted free cash flow $ 9,650 $ (6,697 ) $ 57,934 $ 8,918 View source version on businesswire.com : https://www.businesswire.com/news/home/20241205686308/en/ CONTACT: Media Contact: Lisa Boughner VP, Global Communications GitLab Inc. press@gitlab.com Investor Contact: Kelsey Turcotte VP, Investor Relations GitLab Inc. ir@gitlab.com KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: DATA MANAGEMENT SECURITY APPS/APPLICATIONS TECHNOLOGY SOFTWARE ARTIFICIAL INTELLIGENCE SOURCE: GitLab Inc. Copyright Business Wire 2024. PUB: 12/05/2024 04:06 PM/DISC: 12/05/2024 04:05 PM http://www.businesswire.com/news/home/20241205686308/en

United by Water. Flowing as One.MARLBOROUGH, Mass., Dec. 12, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ ConnectM ” or the “ Company ”), a technology company focused on the electrification economy, today announced that on December 6, 2024, it received a notice from the staff of the Listing Qualifications Department of Nasdaq stating that because the Company had not filed its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the “ Filing ”), it no longer complies with Nasdaq Listing Rule 5250(c)(1) for continued listing, which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. This notification has no immediate effect on the listing of the Company’s shares on Nasdaq. However, if the Company fails to timely regain compliance with the Nasdaq Listing Rule, the Company’s securities will be subject to delisting from Nasdaq. ConnectM now has until February 4, 2025 to submit a plan to regain compliance. If Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the Filing’s due date, or until May 19, 2025, to regain compliance. If Nasdaq does not accept the plan, ConnectM will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. About ConnectM Technology Solutions, Inc. ConnectM is a technology company focused on advancing the electrification economy by integrating electrified energy assets with its AI-powered technology solutions platform. The Company provides residential and light commercial buildings and all-electric original equipment manufacturers with a proprietary Energy Intelligence Network platform to accelerate the transition to all-electric heating, cooling, and transportation. Leveraging technology, data, artificial intelligence, contemporary design, and behavioral economics, ConnectM aims to make electrification more user-friendly, affordable, precise, and socially impactful. As a vertically integrated company with wholly owned service networks and a comprehensive technology stack, ConnectM empowers customers to reduce their reliance on fossil fuels, lower overall energy costs, and minimize their carbon footprint. For more information, please visit: https://www.connectm.com/ Contact : MZ North America (203) 741-8811 ConnectM@mzgroup.us