Plant Activator Market is Projected to a Colossal US$1.38 Billion with Fueled CAGR of 5.8% by 2034 | Fact.MR Report
Rockville, MD, Nov. 14, 2024 (GLOBE NEWSWIRE) — Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, reveals that revenue from the plant activator market is approximated to reach US$ 785.6 million in 2024 and advance at a CAGR of 5.8% through 2034.
Plant activators that are biological, or derived from natural sources, are growing in popularity. The market for plant activators is expanding as farmers choose more environment-friendly alternatives to conventional pesticides and fertilizers. To increase crop resilience to pests and diseases, plant activators are introduced to integrated pest management (IPM) techniques in place of just relying on synthetic insecticides. To produce new and effective plant activators that specifically target crops and stress circumstances such as drought or salt, firms are investing in market research and development. With the increased demand for organic produce, it is becoming vital to use plant activators to sustainably boost yields and plant health.
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Key Takeaways from the Plant Activator Market Study:
- The global market for plant activators is analyzed to reach a value of US$ 1.38 billion by the end of 2034. The United States is evaluated to reach a market valuation of US$ 141.5 million by the end of 2034.
- China is projected to contribute a market share of 9% in East Asia in 2024. Demand for plant activators in Japan is estimated to reach US$ 50.9 million in 2024.
- The market in East Asia is approximated to advance at 1% CAGR through 2034. Demand for liquid form-based plant activators is forecasted to reach US$ 686.8 million by the end of 2034.
“Plant activators are used in conjunction with smart technologies, including data analytics and the Internet of Things to increase product demand,” reports a Fact.MR analyst.
Leading Players Driving Innovation in the Plant Activator Market:
Syngenta Crop Protection AG; BASF SE; Plant Health Care plc; Arysta LifeScience Corporation; NIHON NOHYAKU CO.,LTD; Certis USA L.L.C.; Futureco Bioscience; NutriAg Group Ltd.; Eagle Plant Protect Private Limited.; Excel Crop Care Ltd.; Jaivik Crop Care LLP; NACL Industries Ltd.; Koppert; Agrauxine.
Regional Farming Practices and Environmental Factors Positively Impacting Market Patterns:
As customers are aware of and demand sustainably produced food, the market for plant activators is shifting toward treatments that boost crop quality and yield without leaving behind dangerous residues. Market trends are also influenced by environmental conditions and regional farming practices, leading to a wide range of applications and formulas tailored to specific needs. The introduction of sustainable agriculture practices and the increasing need for higher crop yields will drive the industry’s development. As the world’s population grows and the demand for higher agricultural output and environmentally conscious farming methods becomes more pressing, plant activators become indispensable tools.
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Plant Activator Industry News & Trends:
In keeping with the global trend toward more environmentally friendly agricultural methods, major companies in the plant activator market are focusing increasingly on products derived from natural sources, such as microbial components and botanical extracts. Examples of integrated therapies that combine multiple modes of action, such as producing plant growth-promoting rhizobacteria (PGPR) and activating systemic acquired resistance (SAR), are gaining popularity because of their comprehensive approach to enhancing crop health.
- In order to expand its product line, the Italian biostimulant company Valagro purchased MicroBioControl, a French business that specializes in microbial-based plant activators, in October 2023.
- BASF will launch RhizoVital Zn, a zinc-infused biobased plant activator that will boost crop resistance to drought, heat stress, and salinity, in September 2023
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the plant activator market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges the plant activator market based on source (biological, synthetic), form (liquid, dry), application (foliar spray, soil treatment, seed treatment, water drenching), crop (cereals & grains, pulses & oil crops, fruits & vegetables, ornamental & turf), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
Discover Additional Market Insights from Fact.MR Research:
Sales of crop growth regulators is estimated at US$ 3.68 Bn in 2024 and is slated to rise at a 6.7% CAGR to reach US$ 7.07 billion by 2034.
Botanical Supplement Market is expanding from an estimated $19.2 billion in 2024 to a colossal $34.2 billion by 2034, fueled by a CAGR of 5.9%.
Low Fat Plant Based Diet Market is set to witness steady growth by 2031. Trend of Flexitarian diet fueling growth of low fat plant based product market.
Floating Power Plants Market is currently valued at US$ 1.6 billion in 2023. The global revenue are projected to grow at a CAGR of 9% through 2033.
Medicinal Herbs Market is estimated to value of US$ 328 Bn in 2023. The global revenue are projected to reach a market valuation of US$ 555 Bn by 2033.
About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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A Tax-Saving Strategy for Your RMDs You Might Not Have Heard About
Everybody hates being told what to do, and retirement investors hate it even more when being told what to do comes with a hefty tax bill – which brings us to the IRS rule known as required minimum withdrawals, or RMDs.
RMDs are the tax agency’s way of getting its hands on the money that’s been quietly growing tax-deferred in your Individual Retirement Account, as well as a number of workplace retirement accounts where your contributions are tax-free until you start taking money out. After you get to age 72 ( 70.5 if you were born before July 1, 1949), the tax man runs out of patience and demands that retirement savers start cashing in a certain percentage of their nest eggs to be taxed.
But wait, it gets worse: Besides the normally expected tax hit, an RMD can push you into a higher tax bracket, meaning you give up even more of what you withdraw. An RMD also can raise your taxable income to the point where your Social Security benefits become subject to tax, and can raise your Medicare premiums, as well.
RMDs were waived by the IRS for the 2020 tax year as part of pandemic relief, but they came back in 2021 and there’s no sign of them being put on hold for 2022.
If you’re feeling generous, however, there is one move you can make to keep your RMD from being taxed at all, as well as prevent the distribution from counting toward your total taxable income. A financial advisor can help you strategize to your tax liabilities on retirement income.
Using a QCD to Lower Your RMD Taxes
The one-word secret? Charity. By using a qualified charitable distribution, or QCD. you can contribute up to $100,000 to certain charities and pay 0% tax on your withdrawal. Besides avoiding income tax on your withdrawal, you also stretch your donations by giving pre-tax money to your charitable causes. Finally, a QCD can help lower your future RMDs, which are reduced every year based on your life expectancy.
The QCD also allows taxpayers using the increased standard deduction to receive a charitable deduction even though they aren’t itemizing. In fact, the QCD can be better than an itemized deduction because it can lower your adjusted gross income, which is a basis for other deductions and credits.
The QCD maneuver is only available through IRAs and IRA-based retirement plans, such as SEP accounts and Simple IRAs where the owner is no longer making contributions. You can’t make a contribution from a 401(k), 403(b) or other employer-sponsored retirement plans.
Because this is all handled by the IRS, there naturally are several limitations and requirements. Your QCD must come from taxable money in your IRA, which excludes any contributions from after-tax rollovers or nondeductible contributions. The contribution must be made directly to the charity from your account, and the money must go to an IRS-approved 501(c)(3) charity.
Advance Auto Parts Q3: Earnings Miss, New Strategy, Outlook & More
Advance Auto Parts Inc. AAP reported third-quarter adjusted loss per share of 4 cents, compared with the street view for EPS of 49 cents. Quarterly sales of $2.15 billion missed the analyst consensus of $2.65 billion. Comparable store sales decreased 2.3%.
On November 1, 2024, the company successfully completed the sale of Worldpac for total cash consideration of approximately $1.5 billion, subject to adjustments for working capital and other items.
The company’s gross profit increased 11.0% to $907.9 million. This represents 42.3% of net sales, compared to 36.9% in the third quarter of the prior year.
The improvement in leverage was mainly due to lapping the one-time inventory reserve adjustment from the previous year. Additionally, stabilizing product costs helped, though this was offset by strategic pricing investments.
The company is implementing a strategic plan to improve business performance, focusing on core retail improvements. It has identified opportunities that could increase adjusted operating income margin by more than 500 basis points by fiscal 2027. The plan is built on three main areas: store operations, merchandising, and supply chain.
For store operations, the company will reduce its U.S. asset footprint by closing 523 Advance corporate stores, exiting 204 independent locations, and shutting down four distribution centers. It will also standardize the store operating model and improve labor productivity. Additionally, the company plans to accelerate new store openings.
In merchandising, the company aims to improve sourcing to lower first costs and bring products to market faster.
For the supply chain, the company plans to consolidate distribution centers and operate 13 large facilities by 2026. It will also open 60 market hub locations by mid-2027 and optimize transportation routes and freight to reduce costs and improve productivity.
The company exited the quarter with cash and equivalents worth $464.49 million.
Outlook: Advance Auto Parts expects FY24 net sales from continuing operations to be approximately $9 billion, with adjusted EPS from continuing operations ranging from $(0.60) to $0.00.
The company aims to achieve over 500 basis points of operating margin growth by fiscal 2027, focusing on core retail improvements.
Advance Auto Parts has provided preliminary guidance for FY25, expecting net sales of $8.40 billion to $8.60 billion and comparable sales growth of 0.50% to 1.50%.
Price Action: AAP shares are trading higher by 2.34% to $41.90 premarket at last check Thursday.
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Kartoon Studios Achieves Second Consecutive Quarter of Sequential Revenue Growth and 57% Year-Over-Year Reduction in Direct Operating Costs for Q3 2024
80% YEAR-OVER-YEAR REDUCTION IN LOSSES; COMPANY POISED FOR CONTINUED REVENUE GROWTH AND REACHING SUSTAINED PROFITABILITY IN 2025 WITH REBOUND IN ANIMATION PRODUCTION PIPELINE AND CONTINUING PROFIT IN CHILDREN’S CHANNEL SYSTEM
LARGEST REVENUE UNIT, MAINFRAME, SURGING WITH 145 EPISODES IN PRODUCTION FOR NETFLIX, DISNEY, SONY, SPINMASTER, AND MULTIPLE GLOBAL BROADCASTERS
HIGHLY ANTICIPATED A.A. MILNE’S WINNIE-THE-POOH, TO RELEASE SNEAK PEEK ANIMATION TRAILER FEATURING TWO NEW FEMALE CHARACTERS
BEVERLY HILLS, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) — Kartoon Studios TOON today provided a business update for the quarter ended September 30, 2024.
Key Highlights
- Second consecutive quarter of sequential revenue growth
- Significant cost reductions across all operating units resulting in a 57% decrease in direct operating costs vs. Q3 2023
- Significant cuts in general and administrative expenses, reducing them by 40% year-over-year in Q3 and by 25% from Q2 2024
- Loss from operations slashed by 80% in Q3 2024 vs. Q3 2023
- Mainframe Studios, Kartoon Studios’ largest revenue unit, surging amid strong rebound following settlement of the Writers Guild of America (WGA) and Screen Actors Guild (SAG) strikes; has secured series orders for over 145 episodes, and has four series in production for industry giants Disney, Netflix, Sony Kids, Spinmaster, and an as yet unannounced, major broadcaster; Mainframe production pipeline has orders through 2027
- Kartoon Studios’ future growth fueled by ‘Three Pillars’ business strategy; Kartoon Channel/Stan Lee Universe/Winnie-the-Pooh
- Kartoon Channel! U.S. distribution now grown to 18 platforms including, Amazon Prime Video, Apple TV, Amazon Fire, Apple iOS, Android Mobile, Android TV, Web, Roku, Pluto TV, Comcast, Cox, Dish, Sling TV, Tubi, Xumo, Samsung, , and LG Smart TVs, while continuing to lead viewer ratings in Apple app store above Netflix, Disney+ You Tube Kids, Max, and PBS Kids
- Kartoon Channel! Worldwide broadened its international footprint by launching on Samsung TV Plus in India, UK, and Italy, as well as Indonesia’s Link Net, now operating in 69 countries globally, and has grown total addressable footprint worldwide to over 1.5 billion potential viewers
- Announced development plans for Stan Lee’s The Excelsiors – one of the largest initial superhero ensemble creations by the legendary Stan Lee. Project will launch as a graphic novel through Legible Comics, with concurrent development for television and film adaptations, overseen by industry icon and BATMAN Executive Producer, Michael Uslan
- Kartoon Studios announced a collaboration with LiveOne NASDAQ to produce, publish, and distribute all music for its Winnie-the-Pooh films and series, including original songs, albums, and soundtracks
- Highly anticipated Winnie-The-Pooh based on A.A.Milne classic characters, poised to release animated trailer with two new female characters, and an original music-based approach
Andy Heyward, Kartoon Studios’ Chairman and CEO stated: “In Q3 2024, we continued to build on the positive results achieved in the first half of the year. Revenue for the nine months ending September 30, 2024, reached $23.2 million, reflecting a 4% increase in revenue for Q3 2024 from Q2 2024 and a 38% growth for Q2 2024 from Q1 2024. This growth highlights rising demand for our animated productions through Mainframe, currently our largest revenue-driving unit, as the industry steadily recovers from the disruptions caused by the 2023 Writers Guild of America (WGA) and Screen Actors Guild (SAG) strikes. Our focus on operational efficiency has yielded significant outcomes, with direct operating costs reduced by 54% year-over-year through the first nine months of 2024, thanks to the impact and disciplines of our recently hired CFO, Brian Parisi. Brian was recently recognized by the LA Business Journal as CFO of the Year, and those of us who work closely with him every day know how well deserved that recognition is. In Q3 alone, we achieved a 57% cost reduction compared to the same period in 2023. Brian’s highly disciplined approach has directly impacted our financial results, reducing our loss from operations by 80% for the three-month period compared to 2023 after adjustments for last year’s one-time impairments. Since joining us in late 2023, Brian’s expertise has been instrumental in driving significant cost efficiencies and supporting our mission for sustained growth and building out the premier children’s entertainment company for the 21st century.”
“In Q2 2024, we redefined our business around three core pillars: Kartoon Channel!, which streaming and FAST system, has already turned profitable, Stan Lee Universe, and Winnie-The-Pooh, each providing proven brand equity, and a strong foundation for growth and global brand expansion in 2025 and beyond. In Q3 2024, we achieved meaningful progress across each of the three pillars.
Kartoon Channel! broadened its international footprint by launching first with Samsung Plus across India, UK, and Italy, with a footprint of 1.5 billion potential viewers. Recently, we added Indonesia’s Link Net, giving Kartoon Channel access to nearly 300 million potential viewers in the fourth most populous country in the world. We also unveiled Stan Lee’s The Excelsiors, one of Stan Lee’s most ambitious superhero ensembles, debuting as a graphic novel with concurrent plans for TV and film adaptations led by Michael Uslan, the visionary behind the Batman franchise. Furthermore, we announced a partnership with LiveOne NASDAQ to produce, publish, and distribute all original music for our upcoming Winnie-the-Pooh films and series, leveraging LiveOne’s platform to connect fans with exclusive songs, albums, and soundtracks from the beloved franchise. We believe that these initiatives reinforce our commitment to building a dynamic, diversified, children’s entertainment portfolio that resonates with audiences worldwide, positioning Kartoon Studios for long-term success.”
“In addition, Mainframe Studios, has demonstrated remarkable resilience and adaptability, emerging stronger amid a rebounding industry. With series orders for over 145 episodes and a contracted pipeline secured through 2025 and 2026, Mainframe is positioned for continuing growth. Collaborating with esteemed partners like Sony Kids, Disney, Spin Master, and others, Mainframe attracts clients who demand superior work in animation. Their commitment to technical excellence and innovation, combined with a scalable infrastructure, enables Mainframe to deliver high-quality content at an unprecedented scale. This strength is attracting production orders from across the entertainment industry. We are incredibly proud of what Mainframe has achieved and excited about its future,” concluded Heyward.
Brian Parisi, Chief Financial Officer of Kartoon Studios, commented, “We are highly encouraged by the positive trends we are seeing in 2024 and optimistic that our current initiatives will guide Kartoon Studios toward profitability in 2025, as we create and profit from powerful timeless assets. Alongside reductions in direct operating costs, we achieved significant cuts in general and administrative expenses, lowering them by 40% year-over-year in Q3 and by 25% compared to Q2 2024. Our commitment to operational efficiency and disciplined cost control is yielding strong results, with total operating expenses down 14% from Q2 2024, 50% from Q3 2023, and 53% year-to-date compared to 2023, after adjusting for one-time impairments taken last year. We believe we are now operating at a sustainable expense level for the foreseeable future, whereas revenue will ramp up with Stan Lee Universe and A.A.Milne’s Winnie-The-Pooh, coming to market. Furthermore, our balance sheet remains strong, with no long-term debt. With this solid financial foundation, and strong cost reduction trends, we believe that we are well-positioned to capitalize on future growth opportunities and deliver long-term value for our shareholders, as we focus on becoming the premier children’s entertainment company of the 21st century.”
Kartoon Studios reported revenue of $8.7 million for the quarter ended September 30, 2024. As of that date, the Company had current assets of $37.2 million, working capital of $3.5 million, and total stockholders’ equity of $42.8 million. The Company had no Long-Term Debt as of September 30, 2024.
Complete details of Kartoon Studios’ financial results for the third quarter ended September 30, 2024, are available in the Company’s Form 10-Q, which has been filed with the Securities & Exchange Commission and is available on the Company’s website.
About Kartoon Channel!
Available everywhere and anywhere kids are today, Kartoon Studios’ Kartoon Channel! is a family entertainment destination that delivers 1000s of episodes of carefully curated and safe family-friendly content. The channel features original content, including Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, Rainbow Rangers, and Shaq’s Garage, starring Shaquille O’Neal and Rob “Gronk” Gronkowski. Kartoon Channel! also delivers animated classics for little kids, such as Peppa Pig Shorts, Mother Goose Club, Barney and Friends, Om Nom Stories, as well as content for bigger kids, like Angry Birds, Talking Tom & Friends and Yu-Gi-Oh!. Kartoon Channel! also offers STEM-based content through its Kartoon Classroom, including Baby Genius and more, as well as a Spanish language collection on the platform, KC En Espanol.
Kartoon Channel! is available across multiple platforms, including iOS, Android Mobile, Web, Amazon Prime Video, Apple TV, Amazon Fire, Roku, Pluto TV, Comcast, Cox, Dish, Sling TV, Android TV, Tubi, Xumo, Samsung and LG Smart TVs.
Internationally, Kartoon Channel! is currently available in key territories around the world, including the UK, Italy, and Spain via Samsung TV Plus, India (Jio via Powerkids Entertainment), Africa and Sub-Sahara Africa (StarTimes), Australia and New Zealand (Samsung TV Plus), Germany (Waipu), Philippines (Tapp Digital), Mongolia (Mobinet Media), Malaysia (Astro), Indonesia (Linknet) and Maldives (Dhiraagu). Additionally, Kartoon Channel! Branded blocks are currently available daily in 69 countries across the Middle East, Africa, Latin America, and Europe.
About Stan Lee
Kartoon Studios owns a controlling interest in Stan Lee Universe and manages all aspects of the Stan Lee brand including his name, likeness, signature, voice, and consumer products licensing, as well as characters created by Stan, post Marvel. Known by his signature phrase “Excelsior!,” Stan Lee is one of the most prolific and legendary creators of all time. As Marvel’s editor-in-chief, Stan “The Man” Lee helped build a universe of interlocking continuity, one where fans felt as if they could turn a street corner and run into a superhero from Spider-Man to the Fantastic Four, Thor, Iron Man, the Hulk, the X-Men, and more. Stan went on to become Marvel’s editorial director and publisher in 1972 and was eventually named chairman emeritus. He was the co-creator of characters appearing in 4 of the top 10 box office movies of all time, which featured Spider-Man, Iron Man, the Hulk, Thor, Guardians of the Galaxy, Black Panther, and of course the Avengers, accounting for billions of dollars of revenue for Marvel and the Walt Disney Company. Among Stan’s many awards are the National Medal of Arts, awarded by President Bush in 2008, and the Disney Legends Award, received in 2017. He was also inducted into the comic industry’s Will Eisner Award Hall of Fame and Jack Kirby Hall of Fame.
About Kartoon Studios’ Winnie-The-Pooh
Kartoon Studios’ “Winnie-the-Pooh” is based on the designs and stories of one of the most successful brands of all time, A.A. Milne’s Winnie-the-Pooh, a property that has generated over $80 billion in sales over the last four decades and is estimated to currently generate $3-$6 billion per year. The total lifetime revenues exceed those of “Barbie,” “Harry Potter,” “Star Wars,” “Mickey Mouse,” “Peanuts,” “Ninja Turtles,” “Power Rangers,” “Marvel,” and almost every major brand in the world.
The company is currently in pre-production on the animated Christmas movie, set to premiere December 24, 2025, on Amazon Prime Video Channels, through Kartoon Channel!’s $3.99/month subscription. Concurrently, the global retail program will kick off with the debut of physical entertainment through Alliance Entertainment Corporation in conjunction with Kartoon Studios rollout of a global consumer products campaign.
Kartoon Studios’ Winnie-the-Pooh animated content is being developed with a unique ‘yarn-based’ design and palette for the characters and backgrounds, along with original modern stories inspired by Milne’s beloved classic books, as well as two new female characters. The beautifully imagined yarn gives the characters depth and warmth. Additionally, the stories will be told in a ‘Seussian style’ rhyme to provide an enriched dimension to the stories.
About Mainframe Studios
Founded in 1993 and headquartered in Vancouver, Canada, Mainframe Studios created the very first entirely CG TV series, ReBoot. Since then, the company produced more than 1,000 half-hour series for TV, over 60 feature-length projects, and two theatrical feature films. We have been innovators and creators since day one and have partnered with some of the biggest names in the business. The company’s creative-driven approach marries seamlessly with our rock-solid production processes, allowing us to deliver great storytelling that’s on time and on budget.
About Kartoon Studios
Kartoon Studios TOON is a global end-to-end creator, producer, distributor, marketer, and licensor of entertainment brands. The Company’s IP portfolio includes original animated content, including the Stan Lee brand, Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, on Kartoon Channel! and Ameba; Shaq’s Garage, starring Shaquille O’Neal, on Kartoon Channel!; Rainbow Rangers on Kartoon Channel! and Ameba; the Netflix Original, Llama Llama, starring Jennifer Garner, and more.
In 2022, Kartoon Studios acquired Canada’s WOW! Unlimited Media and made a strategic investment becoming the largest shareholder in Germany’s Your Family Entertainment AG RTV, one of Europe’s leading distributors and broadcasters of high-quality programs for children and families.
Toon Media Networks, the Company’s wholly owned digital distribution network, consists of Kartoon Channel!, Frederator Network, and Ameba. Kartoon Channel! is a globally distributed entertainment platform with near full penetration of the U.S. market. Kartoon Channel! and Ameba are available across multiple platforms, including iOS, Android Mobile, Web, Amazon Prime Video, Apple TV, Amazon Fire, Roku, Pluto TV, Comcast, Cox, Dish, Sling TV, Android TV, Tubi, Xumo, and Samsung and LG Smart TVs. Frederator Network owns and operates one of the largest global animation networks on YouTube, with channels featuring over 2000 exclusive creators and influencers, garnering billions of views annually.
For additional information, please visit www.kartoonstudios.com
Forward-Looking Statements: Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements and include statements regarding being poised for revenue growth and reaching sustained profitability in 2025 with rebound in animation production pipeline and continuing profit in children’s channel; system; releasing A.A. MILNE’S WINNIE-THE-POOH sneak peek animation trailer featuring two new female characters; development plans for Stan Lee’s The Excelsiors – one of the largest initial superhero ensemble creations by the legendary Stan Lee: launching the project as a graphic novel through Legible Comics, with concurrent development for television and film adaptations, overseen by industry icon and BATMAN Executive Producer, Michael Uslan: the collaboration with LiveOne NASDAQ to produce, publish, and distribute all music for its Winnie-the-Pooh films and series, including original songs, albums, and soundtracks; continuing to build on the positive results achieved in the first half of the year; the Company’s ability to expand its brand globally in 2025 and beyond; the Company’s belief that its initiatives reinforce its commitment to building a dynamic, diversified, children’s entertainment portfolio that resonates with audiences worldwide, positioning the Company for long-term success; the future success of Mainframe Studios; current initiatives guiding Kartoon Studios toward profitability in 2024; operating at a sustainable expense level for the foreseeable future; and being well-positioned to capitalize on future growth opportunities and deliver long-term value for shareholders;. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation, the Company’s ability to sustain growth and profitability in 2025; the Company’s ability to expand its brand globally in 2025 and beyond; the ability of the Company to achieve profitability in 2025; the successful release of the Company’s Winnie-the-Pooh films and series; the successful production and release of the Company’s animated Christmas movie set to premiere December 24, 2025; the Company’s ability to obtain additional financing on acceptable terms, if at all; fluctuations in the results of the Company’s operations from period to period; general economic and financial conditions; the Company’s ability to anticipate changes in popular culture, media and movies, fashion and technology; competitive pressure from other distributors of content and within the retail market; the Company’s reliance on and relationships with third-party production and animation studios; the Company’s ability to market and advertise its products; the Company’s reliance on third-parties to promote its products; the Company’s ability to keep pace with technological advances; the Company’s ability to protect its intellectual property and those other risk factors set forth in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and in the Company’s subsequent filings with the Securities and Exchange Commission (the “SEC”). Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
MEDIA CONTACT:
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INVESTOR RELATIONS CONTACT:
ir@kartoonstudios.com
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EVTOL Aircraft Market Analysis: Key Drivers, Market Players, and Future Prospects
Luton, Bedfordshire, United Kingdom, Nov. 14, 2024 (GLOBE NEWSWIRE) — Electric Vertical Takeoff and Landing (eVTOL) aircraft are transforming the landscape of urban air mobility by providing sustainable, efficient, and versatile transportation options for both passengers and cargo. These aircraft, powered by electric propulsion systems, are designed for vertical takeoff and landing, offering quiet, emission-free operations. eVTOLs have the potential to revolutionize urban transportation by bypassing ground traffic and utilizing vertical space for faster, point-to-point travel. With the ability to hover and maneuver in confined spaces, as well as the potential for autonomous flight, these aircraft could serve as air taxis, emergency response units, and logistics platforms, while reducing noise pollution and lowering carbon emissions.
As cities become increasingly congested, the demand for more efficient and eco-friendly transportation solutions is growing, which is propelling innovation within the eVTOL market. Driven by the need for alternatives to traditional urban transport, eVTOLs represent a major step toward cleaner commuting options. Regulatory frameworks, particularly those from aviation authorities like the FAA and EASA, are pivotal in shaping the future of this market. As these bodies develop and implement guidelines for eVTOL operations, they ensure safety, reliability, and public confidence, accelerating market growth.
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The integration of autonomous technologies is another key factor in the eVTOL market’s expansion. Advances in Artificial Intelligence (AI), Machine Learning (ML), and flight control systems are paving the way for fully autonomous eVTOLs, which can enhance safety, efficiency, and cost-effectiveness by reducing human error and eliminating the need for pilots. Additionally, government policies focused on reducing carbon emissions and promoting sustainable solutions are fueling investments and regulatory support, further driving the market’s development.
With the rising global urban population and increased traffic congestion, eVTOLs offer a timely solution for cities in need of fast, efficient transportation alternatives. By reducing commute times and offering a faster, cleaner way to navigate urban environments, eVTOLs are expected to become a key component of future urban transportation networks. As urban areas continue to grow, so will the demand for innovative, eco-friendly mobility options like eVTOLs, ensuring the continued expansion of this emerging market.
Driver: Growing Demand for Green Energy and Noise-Free Aircraft
Increasing concerns over CO2 emissions and their impact on the environment are driving the demand for sustainable and noise-reducing transportation solutions, including eVTOL aircraft. With the aviation industry contributing significantly to global CO2 emissions, there is a growing push towards reducing this environmental footprint. eVTOLs, which are powered by electric propulsion systems, produce zero emissions during flight, offering a cleaner alternative to traditional fossil-fuel-powered aircraft. This aligns with global goals to combat climate change, such as the aviation industry’s target to cut CO2 emissions in half by 2050. Additionally, eVTOLs produce considerably less noise compared to traditional airplanes and helicopters, addressing public concerns about noise pollution in urban areas. With these advantages, eVTOL aircraft are poised to become an essential component of sustainable urban transportation. Leading manufacturers like Airbus SE, Bell Textron Inc., EHang Holdings Ltd., and Joby Aviation are actively working to develop quieter, zero-emission eVTOL models, such as Airbus’s CityBus next-gen aircraft, which offers a promising solution to both carbon emissions and noise issues.
Restraint: Battery Failures Due to High Voltage and Thermal Issues
A key challenge for eVTOL aircraft remains the risk of battery failure due to high voltage and thermal issues. eVTOLs require batteries with high energy density to meet power needs during take-off, landing, and flight in crosswinds. This leads to a high power demand that can increase battery size and weight, but also raises the risk of thermal issues. Batteries can heat up quickly under these demands, causing thermal emissions that can lead to battery failure. Such failures may include thermal runaway, where excessive heat cannot be dissipated, resulting in cell degradation or fires.
High power requirements, such as during rapid charging or discharging, can lead to significant heating of the batteries, raising concerns for safety. As seen in some incidents, overcharging or voltage spikes can cause severe thermal runaway or fires. For example, in a reported incident in 2019, a failure in a battery pack of around 4,000 cells caused damages in the range of $2 million to $3 million. Another high-profile incident involved Lilium GmbH’s Phoenix demonstrator, which was destroyed in a fire caused by a non-protected battery system in February 2020, leading to damages of several million dollars. The risk of these failures threatens both the safety of passengers and the credibility of the eVTOL industry, complicating efforts to gain public trust and regulatory approval.
Opportunity: Strategic Developments Driving Market Growth
Strategic partnerships in the eVTOL market present considerable growth potential. Collaboration between aerospace manufacturers, technology providers, and transportation companies is facilitating the pooling of resources, accelerating the development of eVTOL technologies. These partnerships help overcome the barriers to commercializing eVTOLs, driving innovation in aircraft design, regulatory frameworks, and infrastructure.
Moreover, strategic investments in eVTOL start-ups and the development of dedicated testing sites and vertiports are playing a key role in the expansion of the market. Governments are also supporting the sector with favorable policies, grants, and incentives that contribute to market growth. These strategic developments help create a conducive environment for technological and regulatory advancements. With continued collaboration and government backing, the eVTOL market is on track to evolve into a transformative transportation solution, with the potential to revolutionize urban mobility and long-distance travel.
Report Link Click Here: https://exactitudeconsultancy.com/reports/37162/evtol-aircraft-market/
Challenge: Lack of Regulatory Standards for eVTOL Aircraft
A significant barrier to the rapid deployment of eVTOL aircraft is the lack of established regulatory standards. Various standards development organizations, including ASTM International, RTCA, SAE International, and EUROCAE, are working towards the creation of specific standards to support the certification of eVTOLs. However, there are still many gaps in the current regulatory framework, which makes it challenging for manufacturers to meet all necessary criteria for certification.
To bridge these gaps, organizations such as the General Aviation Manufacturers Association (GAMA) are collaborating with regulatory bodies like the FAA and the European Union Aviation Safety Agency (EASA). Despite these efforts, the regulatory landscape remains fragmented, with eVTOL manufacturers needing to propose compliance methods to special conditions that regulators must evaluate individually. This situation makes it time-consuming and complex for manufacturers to navigate the regulatory approval process. As the industry continues to grow, it is expected that the development of comprehensive and standardized regulatory frameworks will be crucial in ensuring safety, reliability, and the successful integration of eVTOLs into the broader aviation ecosystem.
As regulations evolve, it is essential that eVTOL manufacturers remain proactive in their communication with regulatory authorities to ensure that safety standards, airspace integration, and operational guidelines are developed and harmonized globally. This regulatory clarity will be essential for the market’s growth and the widespread adoption of eVTOL technology.
Key Segments in the eVTOL Market:
- Vectored Thrust Dominance: Vectored thrust technology is the leading lift mechanism in the eVTOL market, commanding the largest market share. Its ability to manipulate the direction of propulsive force makes it highly maneuverable, which is ideal for urban air mobility applications. This system offers stability during takeoff, landing, and hovering, making it a popular choice among eVTOL manufacturers. The use of vectored thrust in conventional aircraft also gives manufacturers greater confidence in its viability for eVTOL aircraft.
- Piloted Operation Growth: While autonomous eVTOLs have considerable future potential, piloted eVTOL aircraft are expected to grow at a higher rate during the forecast period. Piloted operations offer a greater level of reassurance to passengers and regulators, especially during the early stages of deployment. The presence of human pilots facilitates regulatory approval and ensures smooth integration with existing air traffic management systems, which contributes to its faster market acceptance.
- >200 km Range Segment Expansion: eVTOL aircraft capable of flying longer distances (>200 km) are poised for rapid growth. These aircraft meet the needs of regional air transportation, connecting cities or covering longer distances more efficiently. With advances in battery efficiency and energy storage, eVTOLs in this segment strike an optimal balance between payload capacity and energy use. The growing demand for longer-range travel within the eVTOL market is expected to fuel its rapid expansion.
- Europe’s Leading Growth: Europe is projected to witness the highest compound annual growth rate (CAGR) in the eVTOL market. Factors contributing to Europe’s growth include its strong economic development, rising demand for air travel, and commitment to sustainable aviation. Countries like France, the UK, and Germany have made significant investments in aerospace, with key aircraft manufacturers and suppliers contributing to the region’s leadership in eVTOL aircraft. Moreover, the emergence of urban air mobility and advanced air mobility solutions further strengthens Europe’s position in this market.
Report Link Click Here: https://exactitudeconsultancy.com/reports/37162/evtol-aircraft-market/#request-a-sample
Asia Pacific eVTOL Market Growth
The Asia Pacific region is expected to grow at the second-highest compound annual growth rate (CAGR) during the forecast period for eVTOL aircraft. The region’s rapid growth is driven by urban congestion and accelerated urbanization, particularly in major cities across China, India, Japan, Australia, and South Korea. As emerging economies like China and India continue to experience strong GDP growth, they present significant opportunities for the eVTOL market. China, in particular, is attracting substantial foreign investments due to its stable economic development and government support through favorable legislation, funding, and partnerships.
Additionally, Asia Pacific has a robust technological ecosystem that supports eVTOL development, including advances in artificial intelligence (AI), 5G connectivity, and battery technology. These factors combine to provide an ideal environment for eVTOL market expansion in the region.
Key Players:
- Joby Aviation
- Lilium
- Vertical Aerospace
- EHang
- Volocopter
- Airbus
- Boeing
- Bell Flight
- EmbraerX
- Terrafugia (a subsidiary of Geely)
- AeroMobil
- SkyDrive
- Archer Aviation
- Kitty Hawk
- Urban Aeronautics
- Pipistrel
- Jaunt Air Mobility
- Beta Technologies
- Hyundai Urban Air Mobility
- EVE Urban Air Mobility
Recent Developments
- Jetoptera’s Progress with Turbocompressor Design (August 2024): Jetoptera made significant strides in advancing the turbocompressor design for its J-500 VTOL aircraft, completing the Critical Design Review and preparing for prototype manufacturing.
- UrbanLink’s Seaglider Fleet Expansion (July 2024): UrbanLink placed an order for 27 all-electric seagliders from REGENT Craft, planning operations in South Florida and Puerto Rico by 2027. This expansion reflects the growing demand for electric air mobility solutions.
- PAL-V Liberty Flying Car (June 2024): The PAL-V Liberty successfully passed its first Periodic Technical Inspection (PTI), moving closer to becoming a commercially viable flying car that can operate both on the road and in the air.
- Jetoptera’s J-500 Development (August 2024): Jetoptera continued refining its J-500 VTOL aircraft design, marking a key step in the process toward manufacturing and flight tests.
- Archer Aviation’s Test Flight Milestone (May 2024): Archer Aviation surpassed 400 test flights for its electric aircraft, a major milestone in its development process and a step closer to achieving commercial certification.
- Joby Aviation’s Certification Application (July 2024): Joby Aviation filed for certification to become the first electric air taxi operator, a crucial milestone in the company’s journey toward launching its eVTOL fleet.
Market Segmentation:
By Propulsion Type
- Fully Electric
- Hybrid
- Electric Hydrogen
By System
- Batteries & Cells
- Electric motors/Engines
- Aerostructures
- Avionics
- Software
- Others
By Lift Technology
- Vectored Thrust
- Multirotor
- Lift plus Cruise
By Application
- Air Taxis
- Air Shuttles & Air Metro
- Private Transport
- Cargo Transport
- Air Ambulance & Medical Emergency
- Last Mile Delivery
- Inspection & Monitoring
- Surveying & Mapping
- Surveillance
- Special Mission
- Others
By Mode of Operation
By Range
By Mton
- <100 kg
- 100-1,000 kg
- 1,000-2,000 kg
- >2,000 kg
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Get a Sample PDF Brochure: https://exactitudeconsultancy.com/reports/37162/evtol-aircraft-market/#request-a-sample
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Jim Cramer Recommends Microsoft, Praises American Water Works For Being 'Consistent'
On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying Microsoft Corporation MSFT.
On Oct. 30, Microsoft reported first-quarter revenue of $65.60 billion, up 16% year-over-year. The total beat a Street consensus estimate of $64.51 billion according to data from Benzinga Pro. The company reported first-quarter earnings per share of $3.30, beating a Street consensus estimate of $3.09 per share.
The “Mad Money” host also praised American Water Works Company, Inc. AWK, calling it “consistent.”
On Oct. 30, American Water Works posted mixed results for the third quarter.
When asked about Amazon.com, Inc. AMZN, he said, “These guys are doing so many things right.”
Amazon.com recently confirmed a vendor data breach exposing employee contact information, linking the company to the widening MOVEit hack.
When asked about FS KKR Capital Corp. FSK, he said, “I do think that overtime you’re going to wish that you did start peeling some.”
On Nov. 13, FSK priced public offering of $600 million 6.125% unsecured notes due 2030.
Broadcom Inc. AVGO is doing “very, very well,” Cramer said.
Broadcom will report its fourth quarter and fiscal year 2024 financial results and business outlook on Thursday, Dec, 12, after the closing bell.
When asked about Trump Media & Technology Group Corp. DJT, he said, “This thing is a very hard stock to value.”
On Nov. 5, Trump Media & Technology reported a quarterly loss of 10 cents per share, versus a year-ago loss of 30 cents per share.
Cramer said that he was surprised that SoundHound AI, Inc. SOUN stock got as “crushed” as it did as the quarter wasn’t “nearly that bad.”
On Nov. 12, SoundHound reported third-quarter revenue of $25.1 million, beating the consensus estimate of $23.02 million. The company reported an adjusted loss of six cents per share, beating analyst estimates for a loss of seven cents per share, according to Benzinga Pro.
Price Action:
- American Water Works shares rose 0.01% to settle at $132.44 on Wednesday.
- Amazon shares gained 2.5% to close at $214.10.
- SoundHound AI shares dipped 17.1% to settle at $6.27 during the session.
- Microsoft shares rose 0.5% to close at $425.20 on Wednesday.
- Broadcom shares fell 1.5% to settle at $173.58 during the session.
- Trump Media shares fell 5.1% to close at $28.93 on Wednesday.
- FS KKR Capital shares gained 0.7% to settle at $21.15.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
CBD Pioneer Charlotte's Web Narrows Loss In Q3, Focuses On Long-Term Growth
Charlotte’s Web Holdings, Inc. CWEB CWBHF a producer of hemp-derived CBD and other botanical wellness products, reported its financial results on Thursday for the third quarter ended Sept. 30, 2024.
“Our return to quarter-over-quarter growth in 2024 signals that our strategic direction is paying off,” said Bill Morachnick, CEO of Charlotte’s Web. “We’ve seen positive impacts from our e-commerce platform upgrades, recent product launches, and additional retailers, highlighted by our new partnership with Walmart that brings our CBD topicals to another 827 stores.”
- Get Benzinga’s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If you’re serious about the business, you can’t afford to miss out.
Q3 Financial Highlights
- Consolidated net revenue totaled $12.6 million, down from $14.3 million in the third quarter, reflecting challenges in the CBD industry such as ambiguity around regulatory advancements and consumer spending trends.
- Gross profit was $6.7 million – accounting for 53% of revenue – compared to $7.9 million in the prior year’s quarter, due to lower revenue and price reductions on tinctures.
- Net loss was $5.8 million, representing an improvement from the net loss of $15.2 million in the prior year’s quarter.
- Adjusted EBITDA came in negative at $3.9 million, improved from a $6 million adjusted EBITDA loss in the third quarter of 2023.
- Selling, general and administrative expenses were $12.7 million, representing a 36.2% decrease from $19.9 million in the third quarter of 2023, due to cost-cutting measures and streamlining operations.
- Net cash used in operations was $7.6 million, with $0.3 million in capital expenditures for manufacturing upgrades.
- On Sept. 30, 2024, the company’s cash and working capital were $24.6 million and $33.5 million, respectively, compared to $47.8 million and $54.5 million, respectively, at Dec. 31, 2023.
Product Innovations And Expansions
The company recently launched:
- Soft Gel Capsules which are full-spectrum CBD capsules with positive consumer feedback.
- Functional Mushroom Gummies – a new line of gummies with three formulations following wellness trends.
In terms of the Walmart Partnership, the company expanded its CBD topicals to 827 Walmart WMT stores.
Charlotte’s Web launched CBD gummies in Canada, through a partnership with Tilray Brands, Inc. TLRY, leveraging local production and distribution.
Outlook
Despite a challenging regulatory environment, the company is positioning itself for long-term growth with new product categories and international expansions.
CWBHF Price Action
Charlotte’s Web’s shares traded 0.72% higher at 14 cents per share after the market close on Wednesday afternoon.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.
Eterna Therapeutics Regains Compliance with NASDAQ for Continued Listing
CAMBRIDGE, Mass., Nov. 14, 2024 (GLOBE NEWSWIRE) — Eterna Therapeutics Inc. ERNA (“Eterna” or the “Company”) announced today that it has regained compliance with Nasdaq for continued listing and that its stock will continue to trade on The Nasdaq Stock Market. Eterna received formal confirmation on November 12th, 2024 from Nasdaq’s Office of General Counsel, verifying that Eterna has met the market value of listed securities standard of at least $35 million, outlined in Listing Rule 5550(b)(2), and that Eterna is in compliance with all applicable continued listing standards.
“With this achievement and the recent updates we’ve announced, we have transformed our company into a debt-free, low burn rate, fully functional preclinical stage cell therapy company with clear, focused developmental activities and near-term inflection points,” said Sanjeev Luther, President and CEO of Eterna Therapeutics. “With this compliance milestone behind us, we can continue to be laser focused on advancing ERNA-101 for our lead programs in triple-negative breast cancer and platinum-resistant, TP53-mutant ovarian cancer. Our goal remains to bring new treatment options to cancer patients in need, and we are encouraged by the progress we have made thus far,” continued Mr. Luther.
About Eterna Therapeutics Inc.
Eterna Therapeutics is a publicly traded, preclinical-stage company focused on using cutting-edge tools to deliver highly innovative, effective, and safe off-the-shelf cell therapies for the treatment of advanced solid tumors, with an initial emphasis on triple-negative breast cancer (TNBC) and platinum-resistant, TP53-mutant ovarian cancer. The company is currently focused on advancing its lead product ERNA-101, an induced allogenic mesenchymal stem cell (“iMSC”) product, designed to selectively deliver the pro-inflammatory cytokines IL-7 and IL-15 to the tumor microenvironment (TME) in order to drive significant anti-tumor immunity. ERNA-101 is built on the company’s in-licensed core technology, which utilizes a best-in-class approach to engineer allogenic iPSCs to express genes of interest and to efficiently differentiate these cells into iMSCs. For more information, please visit https://www.eternatx.com/.
Forward-Looking Statements
This press release contains 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, as amended, which are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, in some cases, can be identified by terms such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “design,” “intend,” “expect,” “could,” “plan,” “potential,” “predict,” “seek,” “should,” “would,” “contemplate,” “project,” “target,” “objective,” or the negative version of these words and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Eterna’s actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements in this press release, including, without limitation, risks and uncertainties related to: Eterna’s ability to execute its business strategy as a preclinical stage company and advance its product candidate; the ability to bring new treatment options to cancer patients in need; progress made on its research programs; and the ability to reduce its operating expenses. Forward-looking statements are based upon Eterna’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. All forward-looking statements are expressly qualified in their entirety by these cautionary statements. For a detailed description of Eterna’s risks and uncertainties, you are encouraged to review its documents filed with the SEC including its recent filings on Form 8-K, Form 10-K and Form 10-Q. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they were made. Eterna does not undertake any obligation to update the forward-looking statements contained herein to reflect events that occur or circumstances that exist after the date hereof, except as required by applicable law.
Investor Relations Contact:
investors@eternatx.com
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