188jili scam
188jili scam
House is set to reelect Speaker Mike Johnson Jan. 3UDR Inc. stock underperforms Wednesday when compared to competitors
Is it safe to eat turkey this Thanksgiving amid bird flu outbreak? Here’s what experts say'Hezbollah Back': Lebanese Residents Burn Israeli Flag, Display Nasrallah Posters In South Lebanon
Tests keep coming for Auburn and Duke, who collide at Cameron Indoor Stadium in a typical prove-it game in a rare environment on Wednesday night. No. 2 Auburn and No. 9 Duke square off less than one month into the season as two of the most battle-tested teams in basketball. They're matched as one of the marquee games in the crossover showcase known as the ACC-SEC Challenge. Auburn (7-0) jumped two spots in the latest Top 25 poll propelled by its Maui Invitational championship. In one of Feast Week's toughest brackets, the Tigers rallied from 18 points down to beat then-No. 4 Iowa State, handled then-No. 12 North Carolina 85-72 and rolled past Memphis 90-76 in the title game. With a week off to shed any remnants of jet lag returning from the islands, Auburn head coach Bruce Pearl is pointing to another potential resume-building win. "The confidence that we're going to get from (Maui) is that we know we can play with anybody," Pearl said. "I promise you this, we'll stay humble and hungry. We will not begin to think too much of ourselves." Helping lead Auburn in Maui was fifth-year power forward Johni Broome. The tournament's MVP, Broome averaged 21.7 points, 15 rebounds, 4.3 assists and three blocks in the three-game sweep. Spearheading a veteran Tigers roster, Broome couldn't care less about individual honors. "I wanted to come to a place where the foundation was already built, and that's why I came to Auburn," Broome said. "Winning player of the year doesn't matter to me. I care about winning games, and making sure I can help my team in any way." Broome's 20.7 points and 12.9 rebounds per game lead the Tigers, while Chad Baker-Mazara adds 12.6 ppg and Denver Jones chips in 11.1. Auburn's next roadblock is earning its first-ever win against Duke. The Tigers are 0-3 all-time against the Blue Devils, including a six-point loss in the 2018 Maui Invitational. Duke (5-2) has already been through three games against ranked opponents. The Blue Devils had a 77-72 loss against then-No. 19 Kentucky, a 14-point win at then-No. 17 Arizona and a 75-72 defeat against No. 1 Kansas last week in Las Vegas. "Best team we've played so far," Pearl said of Duke. Bouncing back on Friday, the Blue Devils took down Seattle 70-48, holding the Redhawks to just 10 made field goals on 47 attempts (21.3 percent). Despite the suffocating defensive effort, Duke head coach Jon Scheyer knows his team has a long way to go. "I wasn't really happy with much tonight, to be honest," Scheyer said on Friday. "I thought we rushed some shots, had too many turnovers. We need to finish stronger, drive stronger, make extra passes, there were a whole bunch of things. ... We just need to get back to practice. In fairness to our guys, we've been traveling a lot and we just need practice time." Pacing the Blue Devils in scoring is five-star freshman Cooper Flagg. He's averaging 15.9 points per game to go along with 8.3 rebounds. Fellow freshman Kon Knueppel adds 13.4 points per contest. Far less seasoned raw freshman, big man Khaman Maluach has given Duke's interior defense an edge it was lacking last season. A projected lottery pick who can be overshadowed by the Flagg publicity train, Maluach (7-2, 248) is averaging 8.4 points, 5.0 rebounds and has two three-block games. In last year's inaugural ACC-SEC Challenge, Duke lost at Arkansas 80-75 and Auburn topped Virginia Tech 74-57. --Field Level Media
JACKSONVILLE, Fla. — Houston Texans linebacker Azeez Al-Shaair issued an apology Monday morning over his late hit on Jacksonville Jaguars quarterback Trevor Lawrence during Sunday's game. The game in Jacksonville was stopped for several minutes to sort out penalties and ejections after the hit led to a skirmish between the teams. “To Trevor, I genuinely apologize to you for what ended up happening,” Al-Shaair said in a statement posted to social media. “I would never want to see any player hurt because of a hit I put on them especially one that’s deemed ‘late’ or ‘unnecessary.’” RELATED: Fight breaks out at Texans-Jags game after Azeez Al Shaair's late hit on Trevor Lawrence Jacksonville was driving at the time with Houston up 6-0. Lawrence was giving himself up with a slide at the end of a run when Al-Shaair launched himself at the Jacksonville quarterback, hitting him as he was nearly down. Lawrence's head visibly hit the turf hard. Al-Shaair said "genuinely didn’t see him sliding" until it was too late to pull up. After the hit, a skirmish immediately broke out among players, with benches clearing as Lawrence remained down on his back on the field. Lawrence was eventually carted off to the locker room. After several minutes, the referees sorted everything out, issuing unsportsmanlike conduct penalties to Al-Shaair, as well as Jaguars' cornerback Jarrian Jones and tight end Evan Engram. Those penalties offset. Al-Shaair and Jones were both ejected from the game. As Al-Shaair was leaving the field, fans started screaming at him. Jaguars veteran guard Brandon Scherff joined in, prompting another altercation with Al-Shaair. Texans teammate Will Anderson grabbed Al-Shaair and escorted him off the field when a fan threw a water bottle that hit Anderson in the helmet. The fan was later ejected. Officials and coaches got the teams under control before play resumed. Al-Shaair was not in the locker room when it opened to reporters after the game. Lawrence gave an update on his condition following the game. “Thank you to everyone who has reached out/been praying for me,” Lawrence posted on X hours after the game. “I'm home and feeling much better. Means a lot. Thank you all.” Read Al-Shaair’s full statement below: “I’ve always played the game as hard as I could. Never with the intent to harm anyone and anybody that knows me knows that. My goal is to hit you as hard as I can then I pray you’re still able to get up and play the next play. And when the game is over go home to your family unharmed because it’s not personal it’s just competition! We both are trying to do the same thing which is provide for our families! I genuinely didn’t see him sliding until it was too late. And it all happens in the blink of an eye. To Trevor, I genuinely apologize to you for what ended up happening. Before the game, we spoke, and I told you how it was great to see you back out on the field and wished you well. I would never want to see any player hurt because of a hit I put on them especially one that’s deemed ‘late’ or ‘unnecessary.’ To the rest of his teammates, I can definitely understand you having his back and defending him in a situation like that. To the rest of the people who I’ve been called every single name in the book from reporters with their hands ready for a story to find their villain, to racist and Islamophobic fans and people, you don’t know my heart nor my character which I don’t need to prove to any of you. God knows my intentions and anyone who has ever been a teammate or friend of mine knows my heart.”
TURIN, Italy (Reuters) -Dusan Vlahovic and Weston McKennie scored to lead Juventus to a 2-0 Champions League win over Manchester City on Wednesday, a major blow to the English champions’ hopes of clinching a top-eight spot in the group stage of Europe’s elite competition. City, who lifted the 2023 Champions League trophy, continued a poor run of form which has brought only one victory in their last 10 games across all competitions. “(Confidence) is a big part of it, obviously it’s a mental issue as well. You can see that. You can see that sometimes one action we miss the ball or lose a duel and you can see that we drop immediately,” City midfielder Ilkay Gundogan told Amazon Prime. “It has such a big effect on us right now. At the crucial moment right now we are doing the wrong things.” Vlahovic scored by the narrowest of margins in the 53rd minute when Kenan Yildiz swung the ball in and City keeper Ederson fumbled the Serb’s header from close range and the ball sneaked just across the line, according to the goalline technology. “The whole team played an excellent match, we prepared well and did everything what we had to do,” Vlahovic told Amazon. “The result is amazing and can give us a great boost for the rest of the season.” City picked up the tempo in a desperate attempt to equalise and sent numbers forward, but Juve capitalised to double their lead against the run of play when McKennie hooked Timothy Weah’s cross in with a sumptuous volley in the 75th minute. Pep Guardiola’s team squandered several chances, one of the best falling to Erling Haaland late in first half. Kevin De Bruyne sent a beautiful through ball to the Norwegian who got in behind the defence before trying to chip goalkeeper Michele di Gregorio who threw up his arm to block the shot. Gundogan unleashed a blistering strike from long range that Di Gregorio stretched to just push wide. “We have done it really, really well, we didn’t lose many balls that happened in the past, and we arrived in the positions,” Guardiola said. “But the Italian teams that defend so deep and so compact it is not easy, they are masters of these kinds of situations.” With two games remaining in the group phase, Juventus are 14th in the table while City plummeted to 22nd, three places out of automatic elimination from the competition. Since the start of November, City have conceded more goals (21) across all competitions than any other team in Europe’s big five leagues, the worst spell in Guardiola’s otherwise sparkling managerial career. City, who host Manchester United in the Premier League on Sunday, continue their Champions League campaign at Paris St Germain on Jan. 22. Juventus travel to Brugge on Jan. 21. (Reporting by Lori Ewing,Editing by Toby Davis and Ed Osmond) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );Collectorate gets advanced system to track sand miningRevenue grows 125% year over year Current hashrate surpasses 33.5 EH/s on track for 37 EH/s LAS VEGAS , Dec. 2, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company"), America's Bitcoin Miner®, today reported financial results for the fiscal year ended September 30, 2024 . "Our performance this year reflects a sustained growth trajectory, solidifying our position as one of the top Bitcoin miners in the world, as we move into an anticipated new bull market," said CleanSpark CEO Zach Bradford . "Reflecting on the past year, our results in FY 2024 and the positioning of the company going into 2025 demonstrated the wisdom of our counter-cyclical growth and capital allocation strategy. We produce durable, high performing growth and have been since our earliest days in Bitcoin mining," Bradford said. "CleanSpark has prioritized owned infrastructure as its core foundation, putting us in the best position to optimize our portfolio of data centers to drive ROI to our shareholders as we continue to rapidly deploy additional hashrate on our path to 37 EH by year-end and 50 EH and beyond in 2025." "We anticipated that there would be prime opportunities for M&A paired with organic growth, and over the past year we capitalized by adding 423 MWs to our operating portfolio bringing us to 726 MW, as of today. As we continue focusing on scale in FY 2025 and beyond, we will develop the remaining hundreds of MW in the near-term pipeline while always staying opportunistic," said Bradford. "The team produced our strongest year of financial performance to date, solidifying a track record of effective execution and keeping commitments to shareholders. This fiscal year included the fourth halving event in Bitcoin 's history, and our organizational commitment to operational excellence has allowed us to weather it more successfully than many of our industry peers," said CleanSpark CFO Gary Vecchiarelli . "Even with the halving event impacting block rewards and a significant increase in difficulty, our production outpaced both, yielding approximately 7,100 BTC thanks to our growth in hashrate and the efficiency improvements to our fleet. "CleanSpark's financial strength continued to grow in fiscal 2024," said Vecchiarelli. "Heading into 2025, we have significant scale and size, a healthy balance sheet, industry leading operations and a strong liquidity position, and we are well positioned to pursue diverse capital raising strategies," Vecchiarelli said. Financial Highlights: Full Fiscal Year 2024 Financial Results for the Fiscal Year Ended September 30, 2024 . Balance Sheet Highlights as of September 30, 2024 Assets Liabilities and Stockholders' Equity The Company had working capital of $517.5 million and $66.0 million of loans payable as of September 30, 2024 . 1 See "Non-GAAP Measure" and the related reconciliation below Investor Conference Call and Webcast The Company will hold its fiscal year 2024 earnings presentation and business update for investors and analysts today, December 2, 2024 , at 1:30 p.m. PT / 4:30 p.m. ET . Webcast URL: https://investors.cleanspark.com The webcast will be accessible for at least 30 days on the Company's website and a transcript of the call will be available on the Company's website following the call. About CleanSpark CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner ® , is a market-leading, pure play bitcoin miner with a proven track record of success. We own and operate a portfolio of mining facilities across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin , energy, operational excellence and capital stewardship, we optimize our mining facilities to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by securing the most important finite, global asset – Bitcoin – positions us to prosper in an ever-changing world. Visit our website at www.cleanspark.com . Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the risk that the electrical power available to our facilities does not increase as expected; the success of its digital currency mining activities; the volatile and unpredictable cycles in the emerging and evolving industries in which we operate, including the volatility of BTC prices; increasing difficulty rates for bitcoin mining; bitcoin halving; new or additional governmental regulation; the anticipated delivery dates of new miners; the Company's ability to successfully completed acquisitions, including integration risks relating to completed and potential acquisitions, the ability to successfully deploy new miners; the dependency on utility rate structures and government incentive programs; dependency on third-party power providers for expansion efforts; the expectations of future revenue growth may not be realized; and other risks described in the Company's prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in those filings. Forward-looking statements contained herein are made only as to the date of this press release, and we assume no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law. Non-GAAP Measure The Company presents adjusted EBITDA, which is not a measurement of financial performance under generally accepted accounting principles in the United States ("GAAP"). The Company's non-GAAP "Adjusted EBITDA" excludes (i) impacts of interest, taxes, and depreciation; (ii) the Company's share-based compensation expense, unrealized gains/losses on securities, and, changes in the fair value of contingent consideration with respect to previously completed acquisitions, all of which are non-cash items that the Company believes are not reflective of the Company's general business performance, and for which the accounting requires management judgment, and the resulting expenses could vary significantly in comparison to other companies; (iii) non-cash impairment losses related to long-lived assets (including goodwill); (iv) realized gains and losses on sales of equity securities, the amounts of which are directly related to the unrealized gains and losses that are also excluded; (v) legal fees related to litigation and various transactions, which fees management does not believe are reflective of the Company's ongoing operating activities; (vi) gains and losses on disposal of assets, the majority of which are related to obsolete or unrepairable machines that are no longer deployed; (vii) gains and losses related to discontinued operations that would not be applicable to the Company's future business activities; and (viii) severance expenses. The Company previously excluded non-cash impairment losses related to digital assets and realized gains and losses on sales of bitcoin from its calculation of adjusted EBITDA, but has determined such items are part of the Company's normal ongoing operations and will no longer be excluding them from its calculation of adjusted EBITDA. Management believes that providing this non-GAAP financial measure that excludes these items allows for meaningful comparisons between the Company's core business operating results and those of other companies, and provides the Company with an important tool for financial and operational decision making and for evaluating its own core business operating results over different periods of time. In addition to management's internal use of non-GAAP adjusted EBITDA, management believes that adjusted EBITDA is also useful to investors and analysts in comparing the Company's performance across reporting periods on a consistent basis. Management believes the foregoing to be the case even though some of the excluded items involve cash outlays and some of them recur on a regular basis (although management does not believe any of such items are normal operating expenses necessary to generate the Company's bitcoin related revenues). For example, the Company expects that share-based compensation expense, which is excluded from adjusted EBITDA, will continue to be a significant recurring expense over the coming years and is an important part of the compensation provided to certain employees, officers, and directors. Additionally, management does not consider any of the excluded items to be expenses necessary to generate the Company's bitcoin related revenue. The Company's adjusted EBITDA measure may not be directly comparable to similar measures provided by other companies in our industry, as other companies in the Company's industry may calculate non-GAAP financial results differently. The Company's adjusted EBITDA is not a measurement of financial performance under GAAP and should not be considered as an alternative to operating (loss) income or any other measure of performance derived in accordance with GAAP. Although management utilizes internally and presents adjusted EBITDA, the Company only utilizes that measure supplementally and does not consider it to be a substitute for, or superior to, the information provided by GAAP financial results. Accordingly, adjusted EBITDA is not meant to be considered in isolation of, and should be read in conjunction with, the information contained in the Company's consolidated financial statements, which have been prepared in accordance with GAAP. CLEANSPARK, INC. CONSOLIDATED BALANCE SHEETS (in thousands, except par value and share amounts) September 30, 2024 September 30, 2023 ASSETS Current assets Cash and cash equivalents $ 121,222 $ 29,215 Restricted cash 3,056 — Receivable for equity offerings — 9,590 Prepaid expense and other current assets 7,995 3,258 Bitcoin (See Note 2 and Note 6) 431,661 56,241 Receivable for bitcoin collateral (See Note 2 and Note 12) 77,827 — Note receivable from GRIID (see Note 7) 60,919 — Derivative investments 1,832 2,697 Investment in debt security, AFS, at fair value 918 726 Current assets held for sale — 445 Total current assets $ 705,430 $ 102,172 Property and equipment, net $ 869,693 $ 564,395 Operating lease right of use asset 3,263 688 Intangible assets, net 3,040 4,603 Deposits on miners and mining equipment 359,862 75,959 Other long-term asset 13,331 5,718 Goodwill 8,043 8,043 Total assets $ 1,962,662 $ 761,578 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 82,992 $ 39,900 Accrued liabilities 43,874 25,677 Other current liabilities 2,240 311 Current portion of loans payable 58,781 6,992 Current liabilities held for sale — 1,175 Total current liabilities $ 187,887 $ 74,055 Long-term liabilities Operating lease liability, net of current portion 997 519 Finance lease liability, net of current portion — 9 Loans payable, net of current portion 7,176 8,911 Deferred income taxes 5,761 2,416 Total liabilities $ 201,821 $ 85,910 Commitments and contingencies - Note 18 CLEANSPARK, INC. CONSOLIDATED BALANCE SHEETS (continued) (in thousands, except par value and share amounts) September 30, 2024 September 30, 2023 Stockholders' equity Preferred stock; $0.001 par value; 10,000,000 shares authorized; Series A shares; 2,000,000 authorized; 1,750,000 issued and outstanding (liquidation preference $0.02 per share) Series X shares; 1,000,000 and 0 authorized, issued and outstanding, respectively 3 2 Common stock; $0.001 par value; 300,000,000 shares authorized; 270,897,784 and 160,184,921 shares issued and outstanding, respectively 271 160 Additional paid-in capital 2,239,367 1,009,482 Accumulated other comprehensive income 418 226 Accumulated deficit (479,218) (334,202) Total stockholders' equity 1,760,841 675,668 Total liabilities and stockholders' equity $ 1,962,662 $ 761,578 The accompanying notes are an integral part of these consolidated financial statements. CLEANSPARK, INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (in thousands, except per share and share amounts) For the year ended September 30, 2024 September 30, 2023 September 30, 2022 Revenues, net Bitcoin mining revenue, net $ 378,968 $ 168,121 $ 131,000 Other services revenue — 287 525 Total revenues, net $ 378,968 $ 168,408 $ 131,525 Costs and expenses Cost of revenues (exclusive of depreciation and amortization shown below) 165,516 93,580 41,234
Who has the most wins on Thanksgiving? Updated records for Cowboys, Lions, every NFL team | Sporting NewsAustria has dropped its long-standing veto to Bulgaria and Romania joining the passport free Schengen zone, opening the door to their accession next year. The breakthrough development was announced on November 22 by the Hungarian presidency of the EU Council, which hosted a meeting in Budapest with the interior ministers of Romania, Bulgaria, and Austria. The EU will meet with the two candidate countries to finalize a joint security package at a meeting on December 11-12. The two countries could become Schengen members in January. “Bulgaria and Romania belong fully to the Schengen area. I welcome the positive outcome of informal discussions in Budapest today.” Ursula von der Leyen, the president of the European Commission, said in a tweet following the announcement. The addition of Bulgaria and Romania will expand the Schengen zone to 28 states, including 24 EU members. Ireland and Cyprus will remain the only EU members not part of the Schengen Area. Bulgarians and Romanians currently are not permitted to travel freely into other Schengen member states over land borders. Early this year, they received the right to travel freely by air and sea in the first concession by Vienna. After the meeting in Budapest, Hungarian Interior Minister Sandor Pinter told media that the agreement to be signed next month includes the establishment of a special contingent of at least 100 border police officers on the Turkish-Bulgarian border. Hungary will contribute to the full deployment of the officers and provide the necessary technical equipment to ensure effective protection of the border, he said. Pinter expressed confidence that the issue could be resolved by December 31. EU Commissioner for Home Affairs Ylva Johansson said a January accession date is a realistic goal. Yekaterina Neroznikova, a journalist and member of the Marem human rights group, is facing administrative charges in Russia for her alleged involvement with an "undesirable organization." The charges stem from Neroznikova's participation in an interview with RFE/RL earlier this year, where she discussed the high-profile abduction of Seda Suleimanova, a native of Chechnya. The administrative protocol was filed with the Zhukovsky City Court in Moscow Oblast on November 15, with a hearing scheduled for November 26. Neroznikova, who left Russia following the full-scale invasion of Ukraine, disclosed the development to the OVD-Info human rights group, a prominent watchdog monitoring political persecution in Russia. The case against Neroznikova is linked to her April 2024 appearance on RFE/RL’s program Human Rights Are A Right. During the program, she discussed the abduction of Suleimanova, who was forcibly taken from St. Petersburg in August 2023 by local police and Chechen operatives. Suleimanova, who fled Chechnya in 2022 because of pressure being put on her to agree to a forced marriage, has been missing since September last year. The charges against Neroznikova are seen as part of Russia’s broader crackdown on dissent and press freedom. Suleimanova's case has prompted global protests and solidarity campaigns highlighting ongoing human rights concerns in Chechnya and Russia in general. According to Neroznikova, a man identifying himself as an officer of the Interior Ministry contacted her relatives last week before reaching out to her directly. He informed her of the administrative charges, citing her commentary on RFE/RL as the reason. RFE/RL's Russian Service and its multiple projects in the Russian language were designated as "undesirable organizations" in Russia in February 2024, making any association with them punishable under Russian law. Participation in the activities of an “undesirable organization” in Russia can result in fines of up to 15,000 rubles for individuals. Repeat offenses within a year can escalate to criminal charges, carrying penalties of up to four years in prison. Suleimanova's case has drawn international attention. In 2022, she fled her family in Chechnya to avoid an arranged marriage and persistent conflicts. In August 2023, she was abducted in St. Petersburg by individuals including local police and plainclothes Chechen security officers. She was taken to her family in Chechnya, and no information about her whereabouts has been available since September 2023. An investigation into Suleimanova’s disappearance was launched in March 2024 following thousands of public appeals. Despite the family's claims that she left home again in February, observers remain skeptical, citing conflicting statements made by her relatives. Russian President Vladimir Putin said the country's new intermediate-range ballistic missile, a nuclear-capable weapon, will continue to be tested, including in combat conditions, as Moscow struck several Ukrainian regions with other weapons. "We will continue these tests, including in combat conditions, depending on the situation and the nature of the security threats that are created for Russia," Putin said on November 22 at a meeting with Defense Ministry officials and military-industrial complex officials. Russia launched the so-called Oreshnik hypersonic missile against Ukraine on November 21 in a strike targeting the city of Dnipro. Putin said at the time it was part of Moscow's response to Ukrainian attacks with U.S.-supplied ATACMS and British-supplied Storm Shadow missiles. U.S. media reported earlier in the week that the Biden administration had given Kyiv the green light to use ATACMS after Moscow “escalated” the conflict with the deployment of more than 11,000 North Korean troops to the front line. Putin added on November 22 that the missile is new and not an upgrade of previous Soviet-designed weaponry. The United States said the new missile is “experimental” and based on Russia’s RS-26 Rubezh intercontinental ballistic missile (ICBM). Pentagon spokeswoman Sabrina Singh said the warhead on the new missile is smaller compared with some of the missiles Russia has launched into Ukraine. Russia probably only has several units of the experimental missiles in stock, a U.S. official told media following the November 21 strike. Ukraine's military intelligence put the figure at up to 10 units. Kremlin spokesman Dmitry Peskov said Russia’s use of the new weapon represented a message to the West that Moscow will respond harshly to any "reckless" Western moves in support of Ukraine. Parliament Session Canceled Russia did not use the new weapon during another deadly air attack on Ukraine on November 22. Two people were killed and 12 wounded in Russian strikes on Sumy, Artem Kobzar, the mayor of the northeastern Ukrainian city, reported in a video statement on Telegram. The Ukrainian Air Force said Russian drone attacks were under way in four regions -- Sumy, Kyiv, Chernihiv, and Zhytomyr. In the capital, which has been on edge for several days amid intense Russian attacks on Ukraine, lawmakers were advised to avoid the government district on November 22 and parliament canceled a scheduled session due to warnings of a potential missile strike. "We were informed about the risk of a missile strike on the Verkhovna Rada in Kyiv in the coming days. Putin has significantly raised the stakes . Tomorrow's parliamentary session is canceled," lawmaker Taras Batenko said. Oleksiy Honcharenko, another lawmaker, said on Telegram that the next session was now planned for December, although parliament leaders have not officially commented on the warnings. The office of President Volodymyr Zelenskiy assured the public that it would continue operating "as usual" on November 22. The Russian Supreme Court has declared the international organization Post-Russia Free Nations Forum a terrorist group, the latest move in the Kremlin's clampdown on any sign of dissent. The organization, founded in Poland in 2022, has been accused of promoting separatism and aiming to disband the Russian Federation into independent states under foreign influence. Russia is a multiethnic state comprised of more than 80 regions, many of which have large indigenous populations, such as Chechnya and Tatarstan. Since coming to power in 1999, Russian President Vladimir Putin has centralized authority, curtailing the autonomy that some ethnic regions enjoyed. Russia's invasion of Ukraine and its attempt to wipe out Ukrainian identity has shone a bright light on the Kremlin's historical mistreatment of its own indigenous populations and triggered a "decolonization" movement that seeks to give more prominence to ethnic groups within Russian historical and cultural studies. The case against the Post-Russia Free Nations Forum was launched in late October by the Prosecutor-General’s Office, which cited its activities as a threat to Russia’s territorial integrity and national security. In its statement, the Prosecutor General’s Office alleged that the forum operates through 172 regional and national entities, including the Baltic Republican Party, the Ingria Movement, the Congress of Peoples of the North Caucasus, the Free Yakutia Foundation, and the Far Eastern Confederation. The office claims these groups are directed by exiled leaders of separatist movements. “These leaders aim to divide the Russian Federation into independent states that would fall under the influence of hostile foreign countries,” the Prosecutor-General’s Office stated on its official website. The Post-Russia Free Nations Forum is registered in Poland and describes itself as a civic movement advocating for greater regional autonomy within Russia, with some members supporting full independence for regions. On its website and social media platforms, the organization also uses variations of its name, such as the Post-Russia Free States Forum. Ukrainian businessman Oleh Mahaletskiy positions himself as one of the founders of the group and is believed to be a major sponsor. The group’s activities have included discussions on decentralization and independence, with notable speakers such as the noted Tatar activist Nafis Kashapov, Bashkir activist Ruslan Gabbasov, Russian opposition politician Ilya Ponomaryov, U.S. political analyst Janusz Bugajski, and others. Following the November 22 terrorist designation by the Supreme Court, all activities of the Post-Russia Free Nations Forum are now banned in Russia. Membership or association with the group is subject to criminal prosecution under Russian anti-terrorism laws. Critics of the ruling argue that the designation reflects a broader crackdown on dissent and regional autonomy movements in Russia. They note that the Forum primarily operates abroad and online, raising questions about the ruling’s effectiveness outside Russian borders. The Forum has not yet responded to the court’s decision. Observers suggest that this ruling may escalate tensions between Russia and countries hosting members of the organization, particularly Poland, where it is registered. The authoritarian ruler of Belarus, Alyaksandr Lukashenka, has threatened to shut down the Internet in the event of mass protests during or after the upcoming presidential election, after the previous vote in 2020 erupted in unprecedented unrest amid opposition allegations it was rigged. Speaking to students at Minsk State Linguistic University on November 22, Lukashenka defended past Internet restrictions and warned of future measures to throttle dissent. "If this happens again, we will shut it down entirely. Do you think I will sit idly and pray you don't send a message when the fate of the country is at stake?" state news agency BelTA quoted him as saying. Lukashenka admitted that Internet disruptions during the 2020 protests were conducted with his approval, citing the need to "protect the country." Following the August 9, 2020, election, which many Western governments have said was not free and fair, Internet access across Belarus was disrupted for several days and intermittently blocked. The disputed election that extended Lukashenka's decades of rule -- he has held power since 1994 -- for another term was widely condemned as fraudulent by the United States, the European Union, and other international actors. The protests, which demanded Lukashenka’s resignation, were met with mass arrests, alleged torture, and violent crackdowns that left several people dead. Many opposition leaders remain imprisoned or in exile, while Lukashenka refuses dialogue with his critics. The next presidential election in Belarus is scheduled for January 26. Alsu Kurmasheva, a journalist for RFE/RL's Tatar-Bashkir Service, was honored with the International Press Freedom Award by the Committee to Protect Journalists (CPJ) in a ceremony held in New York on November 21. Kurmasheva, who was recently released from detention in Russia after spending 288 days in custody, thanked the CPJ for its efforts toward gaining her freedom. "Journalism is not a crime," she said , noting that more than 20 journalists are currently imprisoned in Russia. Kurmasheva added that she was dedicating the award to her colleagues still imprisoned , including RFE/RL journalists Ihar Losik and Andrey Kuznechyk in Belarus, Vladislav Yesypenko in Crimea, and Farid Mehralizada in Azerbaijan. "My colleagues are not just statistics; like me they are real human beings with families who miss and love them. There are dozens of other journalists in Russian prisons. They should be released at once," Kurmasheva stressed . Other recipients of the award this year included Palestinian journalist Shorouq al-Aila, Guatemalan journalist Kimi de Leon, and Nigerien investigative journalist Samira Sabou, all recognized for their courage in the face of persecution. Detained by authorities in June 2023 as she was visiting relatives in the central Russian city of Kazan, Kurmasheva was initially charged with not declaring her U.S. passport. She was released but barred from leaving the country. That October, however, she was arrested, jailed, and charged with being an undeclared "foreign agent" -- under a draconian law targeting journalists, civil society activists, and others. She was later hit with an additional charge: distributing what the government claims is false information about the Russian military, a charge stemming from her work editing a book about Russians opposed to the ongoing invasion of Ukraine. RFE/RL, as well as the U.S. government, called the charges absurd. The prisoner exchange that came to fruition on August 1 included 24 people in all -- including Kurmasheva, Wall Street Journal reporter Evan Gerskovich, and Russian political activist Vladimir Kara-Murza -- in a complex, seven-country deal. Religious tensions are on the rise in northwestern Pakistan following a deadly attack on a police-escorted convoy of Shi'ite Muslims that threatened to reignite sectarian violence in a strife-plagued region of Khyber Pakhtunkhwa Province. In the aftermath of the attack on the 200-vehicle convoy traveling from Peshawar to Parachinar, the capital city of the Kurram district, authorities on November 22 imposed a curfew and suspended mobile service in the remote mountainous district. RFE/RL correspondents on the ground reported on November 22 that heavily armed people set fire to a military checkpoint in the area overnight. In Parachinar, dozens of angry people carrying automatic weapons were gathering, amid reports that several other facilities of the Pakistani Army and the paramilitary Frontier Constabulary were attacked and destroyed, with RFE/RL correspondents reporting sounds of constant heavy gunfire. Jamshed Shirazi, a social activist in Parachinar, told RFE/RL that several government installations had been damaged by the angry protesters. "People are expressing their anger by attacking the government offices," Shirazi said. But Jalal Hussain Bangash, a local Shi'ite leader, voiced dismay at the violence during a Friday Prayer sermon on November 22 and said that Shi'a had nothing to do with the ensuing violence, RFE/RL correspondents on the ground report . Hamid Hussain, a lawmaker from Kurram in the national parliament, was adamant that the violence was the work of provocateurs. "We are helpless. Neither Shi'a nor Sunnis are involved in this. This is some other invisible forces who do not want to see peace in the area," Hussain told RFE/RL. At least 48 people, including several women and children, were killed and more than 40 wounded when gunmen opened fire on November 21 on the convoy of vehicles in the Kurram district of Khyber-Pakhtunkhwa province near the Afghan border. Local leaders told RFE/RL that most of those killed were Shi'a, but at least four Sunnis were also among the dead. No one has taken responsibility for the attack, the latest in a series of deadly confrontations in Kurram, long known as a hotspot of Shi'ite-Sunni sectarian conflict. Local tribal leader Malik Dildar Hussain told RFE/RL that there were about 700 people in the convoy. Tensions in Kurram began to heat up in the past several months, where clashes again erupted between Sunni and Shi'ite Muslim tribes in the area, which was formerly semiautonomous. On October 12, 17 people were killed in an attack on a convoy, and there have been a handful of deadly attacks since then. Sunnis and Shi'a live together in Kurram and have clashed violently over land, forests, and other property as well as religion over the years, despite government and law enforcement efforts to build peace. Minority Shi'ite Muslims have long suffered discrimination and violence in Sunni-majority Pakistan. Moscow launched another deadly attack on Ukraine on November 22, a day after firing what it said was a new intermediate-range missile that the Kremlin boasted was a " warning " for the West, after Kyiv reportedly obtained permission from President Joe Biden to strike into Russia with U.S. long-range missiles. Two people were killed and 12 wounded in Russian strikes on Sumy, Artem Kobzar, the mayor of the northeastern Ukrainian city, reported in a video statement on Telegram. Ukraine's air force said Russian drone attacks were under way in four regions -- Sumy, Kyiv, Chernihiv, and Zhytomyr. In the capital, which has been on edge for several days amid intense Russian attacks on Ukraine, lawmakers were advised to avoid the government district on November 22 and parliament canceled a scheduled session due to warnings of a potential missile strike. "We were informed about the risk of a missile strike on the Verkhovna Rada in Kyiv in the coming days. Putin has significantly raised the stakes . Tomorrow's parliamentary session is canceled," lawmaker Taras Batenko said, while lawmaker Oleksiy Honcharenko said on Telegram that the next session was now planned for December, although parliament leaders have not officially commented on the warnings. The office of President Volodymyr Zelenskiy assured the public that it would continue operating "as usual" on November 22. On November 20, the U.S. Embassy in Ukraine warned of a significant Russian air attack, prompting the temporary closure of its operations. The embassies of Spain, Italy, and Greece also suspended services for the day. On November 21, Russian President Vladimir Putin announced the "successful combat testing" of a new Oreshnik (Hazel Tree) intermediate-range ballistic missile amid the Kremlin's full-scale invasion of Ukraine. Putin claimed the missile was used in a strike on Ukraine's eastern city of Dnipro, asserting it was a response to NATO’s "aggressive actions" and Ukraine’s use of Western-supplied missiles to target Russian territory. On November 22, Kremlin spokesman Dmitry Peskov reiterated that the test was a message to the West that Moscow will respond harshly to any "reckless" Western moves in support of Ukraine. "The main message is that the reckless decisions and actions of Western countries that produce missiles, supply them to Ukraine, and subsequently participate in strikes on Russian territory cannot remain without a reaction from the Russian side," Peskov told reporters. "The Russian side has clearly demonstrated its capabilities, and the contours of further retaliatory actions in the event that our concerns are not taken into account have been quite clearly outlined," he said. Ukraine's military intelligence said on November 22 that Russia may have up to 10 units of the new missile. Hungarian Prime Minister Viktor Orban has invited his Israeli counterpart to visit Hungary, defying an arrest warrant for issued by the International Criminal Court (ICC) for Benjamin Netanyahu that other European states say they will honor. Orban, speaking during his regular weekly interview with Hungarian state radio, said on November 22 that the ICC's decision a day earlier to issue the warrant accusing Netanyahu of "crimes against humanity and war crimes" committed during the war in Gaza was "outrageously brazen" and "cynical." The ICC issued similar arrest warrants for former Israeli Defense Minister Yoav Gallant and a Hamas military leader who Israel claims to have killed but whose death the U.S.- and EU-designated terrorist group has not officially acknowledged. The ICC said Netanyahu and Gallant were suspected of using "starvation as a method of warfare" by restricting humanitarian aid while targeting civilians in Israel's war in Gaza -- charges Israeli officials deny. Orban said the ICC move against Netanyahu "intervenes in an ongoing conflict...dressed up as a legal decision, but in fact for political purposes." "Later today, I will invite the Israeli prime minister, Mr. Netanyahu, to visit Hungary, where I will guarantee him, if he comes, that the judgment of the ICC will have no effect in Hungary, and that we will not follow its terms," he added. "There is no choice here, we have to defy this decision," Orban said. Shortly after the ICC decision was announced, the European Union's top diplomat, Josep Borrell, said ICC decisions "are binding on all states party to the Rome Statute, which includes all EU member states." However, the EU's most powerful members, Germany and France, on November 22 reacted with restraint to the ICC warrants. A spokesman said the German government will refrain from any moves until a visit to Germany by Netanyahu is planned. "I find it hard to imagine that we would make arrests on this basis," Steffen Hebestreit said on November 22, adding that legal questions had to be clarified about the warrant. In Paris, Foreign Ministry spokesman Christophe Lemoine only said that France acknowledged the ICC's move and voiced its support for the ICC's independence. "France takes note of this decision. True to its long-standing commitment to supporting international justice, it reiterates its attachment to the independent work of the court, in accordance with the Rome Statute," Lemoine said. Hungary, a NATO and European Union member state, has signed and ratified the 1999 document. However, it has not published the statute's associated convention and therefore argues that it is not bound to comply with ICC decisions. Netanyahu on November 22 thanked Orban for his show of "moral clarity." "Faced with the shameful weakness of those who stood by the outrageous decision against the right of the State of Israel to defend itself, Hungary" is "standing by the side of justice and truth," Netanyahu said in a statement. A right-wing nationalist in power since 2010, Orban has maintained close relations with Russian President Vladimir Putin and has voiced opposition to the EU's sanctions imposed on Moscow after its unprovoked invasion of Ukraine in February 2022. Orban has previously said that Hungary would not arrest Putin either, despite the ICC arrest warrant issued on the Russian leader's name for war crimes for his role in deporting Ukrainian children. Furthermore, he flew to Moscow in July immediately after Hungary took over the EU's rotating six-month presidency to meet with Putin, in defiance of the fellow members of the bloc. Soltan Achilova, a veteran journalist and former RFE/RL correspondent in Turkmenistan, was forcibly hospitalized in Ashgabat on November 20 in what appears to be a move by the government to prevent her from flying to Geneva to receive an international award. According to the Chronicle of Turkmenistan website, four men in medical gowns arrived at the 75-year-old's apartment early that morning, claiming she was suspected of carrying an infectious disease and needed an "urgent" examination. Achilova, who showed no signs of illness, was forcibly taken to the Center for the Prevention and Treatment of Infectious Diseases in Ashgabat's Choganly district. Her family was not allowed to accompany her and her apartment keys were confiscated. One family member said one of the men told Achilova, "Why do you need keys in the afterlife?" Doctors have not disclosed when she will be released. Turkmenistan is consistently ranked by media watchdogs, such as Reporters Without Borders (RSF), among the worst countries in the world for press freedom. Independent media are nonexistent in the authoritarian Central Asian state, where journalism "amounts only to praise for the regime," according to RSF. The government continues a relentless clampdown on dissent -- with critics being harassed, beaten, tortured, jailed, and even killed. Many others have been forced abroad into exile. Human rights groups, including the Turkmen Initiative for Human Rights and the International Partnership for Human Rights, immediately condemned Achilova's forced detention, calling it a stark escalation in Turkmenistan's crackdown on free speech. They demanded her immediate release and an end to the persecution of journalists. Achilova, the only journalist in Turkmenistan who openly criticizes the authoritarian government, has faced repeated harassment, threats, and attacks. In November 2023, border guards at the Ashgabat airport destroyed her passport to prevent her from traveling to Switzerland, where she was scheduled to attend the Martin Ennals Award human rights ceremony. Achilova has faced verbal threats and physical attacks, which the journalist and her supporters describe as government retaliation for her work. Many of her relatives have also been threatened. Ashgabat doesn't tolerate any dissent, and the government has stifled independent media, forced opposition activists into exile, and blocked access to all major social media and messaging apps to virtually cut its citizens off from the rest of the world. The Teatro San Carlo in Naples, Italy, has canceled appearances by opera singer Ildar Abdrazakov over his support for Russian President Vladimir Putin. Pina Picierno, a vice president in the European Parliament, announced the cancellation on the social network X on November 21, emphasizing that Abdrazakov's ties to the Kremlin made him unfit for a leading cultural institution in Europe. She had led a campaign to keep Abdrazakov from performing in productions of Verdi’s Don Carlos and Attila operas. The Anti-Corruption Foundation of Aleksei Navalny had previously named Abdrazakov, who comes from the Bashkortostan region, as a regime supporter, citing his performances at events tied to Russian Defense Minister Sergei Shoigu and a lucrative appearance on Red Square in 2022. This marks the latest in a series of international cancellations for Abdrazakov, whose scheduled performances in the United States and Germany were also recently cancelled. To read the original story by RFE/RL's Idel.Realities, click here . Iran has vowed to respond to a resolution adopted by the United Nations' nuclear watchdog that criticizes the Islamic republic for what it says is poor cooperation by installing a number of "new and advanced" centrifuges. The resolution, which comes shortly after the return of International Atomic Energy Agency (IAEA) chief Rafael Grossi from a trip to Iran , reportedly says it is "essential and urgent" for Tehran to "act to fulfill its legal obligations." A joint statement by Iran's Foreign Ministry and Atomic Energy Organization said on November 22 that the country's nuclear chief, Mohammad Eslami, "issued an order to take effective measures, including launching a significant series of new and advanced centrifuges of various types." The Iranian announcement came after the IAEA's board on November 21 issued a second resolution condemning Tehran's cooperation with the agency after a similar warning in June. Some analysts say the resolution may be a step toward making a political decision to trigger a "snapback" of UN Security Council (UNSC) sanctions against Iran. The "snapback" mechanism is outlined in UNSC Resolution 2231, which enshrined a 2015 nuclear deal between Iran and world powers. However, the option to reimpose the sanctions expires in October 2025. The IAEA resolution, put forward by France, Germany, and Britain and supported by the United States, comes at a critical time as President-elect Donald Trump prepares to return at the White House in January. Trump during his first term embarked on a "maximum pressure" campaign of intensified sanctions on Iran and unilaterally withdrew the United States in 2018 from a landmark 2015 agreement that lifted some sanctions on Iran in exchange of curbs to its nuclear program, which the West suspects is aimed at obtaining a nuclear weapon. Iran claims its nuclear program is peaceful. The resolution passed on November 21 also urged Iran to cooperate with an investigation launched after uranium particles were found at two sites that Iranian authorities had not declared as nuclear locations. Nineteen of the 35 members of the IAEA board voted in favor of the resolution. Russia, China, and Burkina Faso opposed it, 12 members abstained, while one did not vote, diplomats who spoke on condition of anonymity told the AP. It also calls on the IAEA to come up with a "comprehensive report" on Iran's nuclear activities by spring. During Grossi's visit, Iran agreed with an IAEA demand to limit its stock of uranium enriched at 60 percent purity, which is still under the 90 percent threshold needed for a nuclear weapon, but it is much higher than the 3.67 percent limit it agreed to in the 2015 deal. However, Iranian Foreign Minister Abbas Araqchi, who was Tehran's chief negotiator for the 2015 agreement, warned that Iran would not negotiate "under pressure." Tehran has responded to previous similar resolutions by moves such as removing IAEA cameras and monitoring equipment from several nuclear sites, and increasing uranium enrichment to 60 percent purity at a second site, the Fordow plant. Two people were killed and 12 wounded in Russian strikes on Sumy early on November 22, Artem Kobzar, the mayor of the northeastern Ukrainian city, reported in a video statement on Telegram. "Several powerful explosions were heard in Sumy," he said in the video, adding that rescue teams, police, and ambulances were working at the site of the explosions. Kobzar urged residents to take shelter, saying that air defenses were still engaging incoming drones in the morning. Ukraine's air force said Russian drone attacks were under way in four regions -- Sumy, Kyiv, Chernihiv, and Zhytomyr. To read the original story by RFE/RL's Ukrainian Service, click here . A senior North Korean general has been wounded in Russia’s Kursk region, The Wall Street Journal reported, citing Western officials. More than 10,000 North Korean troops are supporting Russian forces in Kursk. Russian President Vladimir Putin is hoping to recover the swath of the Kursk region that Ukraine seized in August before President Donald Trump takes office early next year. The United States this week gave Ukraine the green light to use its long-range ATACMS missiles to strike Russian assets in Kursk and said North Korean troops would be fair game. It is unclear how the North Korean general was wounded, the WSJ reported . The United States has imposed sanctions on Gazprombank, Russia’s third-largest lender, and dozens of other financial institutions as President Joe Biden seeks to further curtail the Kremlin’s ability to finance its war in Ukraine before he leaves office in two months. Gazprombank, which plays an important role in facilitating Russian energy exports, was the only remaining large Russian lender not under U.S. sanctions. Washington and Brussels had avoided sanctioning Gazprombank amid concern over possible energy export interruptions. Along with Gazprombank, the United States also announced sanctions on more than 50 other Russian banks conducting international operations, more than 40 Russian securities registrars and 15 Russian finance officials. The United States also warned financial institutions against joining Russia’s version of the international messaging system for banks known as SWIFT. Russia is seeking to attract international banks to its messaging platform to get around U.S. financial sanctions. “Today’s action reaffirms the U.S. commitment to curtail Russia’s ability to use the international financial system to conduct its war against Ukraine and disrupts Russia’s attempts to make cross-border payments for dual-use goods and military materiel,” State Department spokesman Matthew Miller said in a November 21 statement. Ukraine backers had been calling on the Biden administration for months to tighten sanctions on Russia’s banking sector, saying the Kremlin was finding ways around existing sanctions to pay for technology imports and other dual-use items. In addition to facilitating energy payments, Gazprombank had been acting as a conduit for the purchase of military goods. The Kremlin also uses Gazprombank to pay Russian soldiers and compensate families for war deaths. “I am grateful to @POTUS and his administration for today’s strong package of financial and banking sanctions targeting Russia’s economy and war chest,” Ukrainian President Volodymyr Zelenskiy said in a tweet . Eddie Fishman, a former State Department official and sanctions expert, called the latest announcement a “strong step” toward closing loopholes around Russia’s energy sector, which generates about half of federal budget revenues. Biden will leave office on January 20 to make way for President-elect Donald Trump, who has promised to end the war in Ukraine by getting Zelenskiy and Russian President Vladimir Putin to sit down at the negotiating table, something that experts say will be harder done than said. The financial sanctions come at a critical time for Russia’s economy as Putin’s record spending on the war effort drives up inflation and interest rates. The Russian Central Bank last month raised interest rates to 21 percent, the highest in decades, and could continue to ratchet them up with no end in sight to the war. Russian President Vladimir Putin said his military fired a new intermediate-range missile into Ukraine following accusations by Kyiv that it was an intercontinental ballistic missile (ICBM). In a November 21 video statement to the nation, Putin said the use of the new weapon was a response to the United States and the United Kingdom giving permission to Kyiv to fire their long-range missiles into Russia. "In combat conditions, one of the newest Russian medium-range missile systems was tested," Putin said, adding that it was a hypersonic, ballistic missile capable of carrying a nuclear warhead. Earlier in the day, Kyiv accused Russia of striking Ukraine with what it said appeared to be an ICBM. The new weapon was part of a larger missile attack on Dnipropetrovsk, home to important military-industrial plants. ICBMs, which are designed to deliver long-distance nuclear strikes, have never been used in war before. "On the morning of November 21, 2024...Russian troops attacked the city of Dnipro (facilities and critical infrastructure) with missiles of various types. In particular, an intercontinental ballistic missile was launched from the Astrakhan region of the Russian Federation," the Ukrainian Air Force said in its statement on Telegram. Ukrainian President Volodymyr Zelenskiy said on Telegram later that the new Russian weapon had "all characteristics -- speed, altitude -- [of an] intercontinental ballistic missile." Pentagon spokeswoman Sabrina Singh said Russia struck Ukraine with an "experimental" intermediate-range ballistic missile that was based on its RS-26 Rubezh ICBM. She said Russia had informed the United States it would be launching the experimental missile shortly beforehand through "nuclear risk reduction channels." She said the new weapon had a smaller warhead that some other missiles Russia has launched into Ukraine. A U.S. official who asked not to be identified told media that Putin was seeking to intimidate Ukraine but added that Moscow only had a few of the "experimental" missiles. The Russian attack comes just days after reports that Ukraine used British-supplied Storm Shadow missiles and U.S.-made ATACMS systems to strike military targets deeper inside Russia following the long-sought approval by President Joe Biden. The RS-26 Rubezh is a solid-fueled, road-mobile ICBM currently in development that has been tested with heavier payloads at intermediate ranges. Military analysts said ICBM missiles can be classified as intermediate-range weapons when their payloads are increased and ranges decreased. The main target of the Russian attack was the southeastern region of Dnipropetrovsk, Ukraine's most important industrial region, and its capital, the city of Dnipro. Ukraine's air force said that besides the ICBM, Russian aircraft also launched a hypersonic Kh-47M2 Kinzhal missile and seven subsonic Kh-101 cruise missiles. Ukrainian air defenses shot down six Kh-101 missiles, the air force reported. Dnipropetrovsk Governor Serhiy Lysak said his region bore the brunt of the Russian attack. "Since early in the morning, the aggressor massively attacked our region," Lysak reported on Telegram, adding that preliminary information showed that an industrial facility was damaged in the regional capital, Dnipro, where two fires were started by the attack. Explosions were also reported in Kremenchuk, in the central Poltava region. Moscow's use of a large number of sophisticated missiles as opposed to the usual drone attacks appears to be in response to Ukraine's gaining approval to use some Western-donated long-range missile systems to strike deeper into Russia. On November 20, Russian military bloggers and a source cited by Reuters reported that Ukraine had fired up to 12 Franco-British Storm Shadow missiles into Russia's Kursk region, part of which has been under Ukrainian control following a surprise incursion by Ukrainian troops in August. A spokesman for British Prime Minister Keir Starmer declined to confirm whether the missiles had been used. Previously, London had given permission to use the Storm Shadows, which have a 250-kilometer range, within Ukraine's territory. Earlier this week, Ukraine reportedly used ATACMS to strike a military facility in Russia's Bryansk region after Biden was reported as giving his OK. The White House has not officially confirmed the approval and Ukraine hasn't directly acknowledged the use of ATACMS on Russian targets. Russia has long warned that Ukraine's use Western-supplied long-range weapons to strike inside its territory would mark a serious escalation of the conflict. On November 21, Moscow said a new U.S. missile defence base in the Polish town of Redzikowo near the Baltic coast, which was opened on November 13 as part of a broader NATO missile shield, will lead to an increase in the overall level of nuclear danger. "This is another frankly provocative step in a series of deeply destabilising actions by the Americans and their allies in the North Atlantic alliance in the strategic sphere," Russian Foreign Ministry spokeswoman Maria Zakharova said. "This leads to undermining strategic stability, increasing strategic risks and, as a result, to an increase in the overall level of nuclear danger," Zakharova said. Poland rejected the claim, saying there were no nuclear missiles at the base. "It is a base that serves the purpose of defense, not attack," Foreign Ministry spokesman Pawel Wronski said on November 21. At least 38 people were killed and more than 40 wounded after gunmen opened fire on a convoy of cars carrying Shi'ite Muslims in northwest Pakistan as religious tension in the region rises. Three women and a child were among those killed in the November 21 attack, police told RFE/RL's Radio Mashaal. The convoy of 200 cars was heading from Peshawar to Parachinar in Khyber Pakhtunkhwa Province near the border with Afghanistan when the unknown gunmen attacked. No one has taken responsibility for the attack, the latest in a series of deadly confrontations in the Kurram region. Police, who were escorting the cars, said the death toll could climb. There were about 700 people in the convoy, according to law enforcement. Tension in Kurram began to heat up after 17 people were killed in an attack on a convoy on October 12. There have been about a handful of deadly attacks since then. Sunnis and Shi'a live together in Kurram and have clashed violently over land, forests, and other property as well as religion over the years, despite government and law enforcement efforts to build peace. Influential Ukrainian tycoon Dmytro Firtash is among eight people targeted by fresh British sanctions that accuse the group, which includes his wife, Lada, of large-scale, international corruption. Angolan-Russian billionaire Isabel dos Santos and Latvian politician and businessman Aivars Lembergs are also among those hit by the new sanctions announced on November 21. The British government accuses Firtash of bribing officials to secure mining licenses for his companies and profiting illegally from Ukraine's gas-transportation system. Firtash is also linked to financier Denys Horbunenko, a resident of the United Kingdom who was added to the sanctions list on November 21 for his association with Firtash. Firtash has faced legal scrutiny in Ukraine over embezzlement and money-laundering accusations involving fraudulent gas-trading schemes. The United States has been seeking his extradition from Austria on charges of bribing Indian officials. Firtash, who gained prominence in the 2000s through his joint venture RosUkrEnergo with Russian energy giant Gazprom, has denied allegations of working in Russia's interests. Dos Santos, daughter of former Angolan President Jose Eduardo dos Santos, is Africa's first female billionaire. She is accused of corruption in Angola, where she allegedly exploited her political connections for personal gain. Dos Santos claims she has held Russian citizenship since birth, as she was born in Baku, Azerbaijan, in 1973 under the former Soviet Union. Lembergs, a former populist mayor of the Latvian city of Ventspils, has been convicted in Latvia of corruption and sentenced to five years in prison. He claims the charges against him are politically motivated. The sanctions are part of a British efforts to combat international corruption and disrupt the financial networks of individuals accused of abusing their power for personal enrichment. The measures include asset freezes, travel bans, and restricting these individuals from accessing the U.K.'s financial system or entering the country. The International Criminal Court (ICC) has issued arrest warrants for Israel's Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant, and Muhammad Deif, a military commander in the Iran-backed group Hamas, alleging they committed crimes against humanity in the ongoing Gaza war. All three are accused of committing war crimes connected to the October 7, 2023, attack on Israel by Hamas, an EU- and U.S-designated terrorist organization that is part of Tehran's network of proxies in the Middle East, and Israel's subsequent military intervention in the Gaza Strip. Iran's backing of Hamas and Hezbollah, another Iran-supported militant group and political party that controls much of the southern part of Israel's neighbor, Lebanon, has sparked fears that the war in the Gaza Strip will engulf the Middle East. Hezbollah is designated as a terrorist organization by the United States, while the European Union blacklists its armed wing but not its political party. Hezbollah’s political party has seats in the Lebanese parliament. The court said the warrants had been classified as "secret" to protect witnesses and to safeguard the conduct of the investigations. Israel, which claims it killed Deif in July, blasted the move as "a dark moment for the ICC." Hamas, which has never officially acknowledged Deif's death, called the warrants against Netanyahu and Gallant an "important step toward justice." The ICC said it had issued the arrest warrant for Deif as the prosecutor had not been able to determine whether he was dead. His warrant shows charges of mass killings during the October 7 attack on Israel that left some 1,200 dead, as well as charges of rape and the taking of around 240 hostages in the attack. "The Chamber considered that there are reasonable grounds to believe that both [Israeli] individuals intentionally and knowingly deprived the civilian population in Gaza of objects indispensable to their survival, including food, water, and medicine and medical supplies, as well as fuel and electricity, from at least 8 October 2023 to 20 May 2024," the ICC said in a statement . "This finding is based on the role of Mr. Netanyahu and Mr. Gallant in impeding humanitarian aid in violation of international humanitarian law and their failure to facilitate relief by all means at its disposal," it said. Israeli Foreign Minister Gideon Sa'ar called the move against Netanyahu and Gallant "absurd" in a post on X, saying it was an attack of Israel's right to self-defense. "A dark moment for the ICC in The Hague, in which it lost all legitimacy for its existence and activity," Sa'ar said. Tehran has yet to comment publicly on the warrants. Neither the United States nor Israel have recognized the ICC's jurisdiction. A U.S. National Security Council spokesperson said Washington "fundamentally rejects" the issuance of the arrest warrants and "the troubling process errors that led to this decision. Meanwhile, the EU's top diplomat, Josep Borrell, said in a post on X that ICC decisions "are binding on all states party to the Rome Statute, which includes all EU Member States." The court said Israel's acceptance of the court's jurisdiction was not required. However, the court itself has no law enforcement levers to enforce warrants and relies on cooperation from its member states. Russian police have conducted searches at the PERMM Museum of Contemporary Art in the city of Perm, as well as at the home of its current director, in connection with a case against former director Marat Gelman , REN-TV reported, citing anonymous sources. The PERMM Museum announced on social media that it would remain closed until 3 p.m. local time due to "technical reasons." Gelman, a well-known art dealer who currently lives in Montenegro, where he owns an art gallery, was placed on Russia’s federal wanted list in December 2022 under a criminal charge, though details of the accusation remain unclear. In an interview with Current Time, Gelman suggested that the charges might be in connection with him "discrediting" the Russian military, a common pretext used against critics of Russia's ongoing invasion of Ukraine. Gelman has been a vocal member of the Anti-War Committee and a member of the Permanent Committee of the Free Russia Forum. He has repeatedly expressed his support for Ukraine and his opposition to Russia's war efforts. The raid in Perm is part of a broader pattern of increasing pressure on Gelman. In the past week, he was added to Russia's list of "terrorists and extremists," with a designation indicating an ongoing criminal case against him. Critics argue this move is part of a crackdown on anti-war activists and dissenting voices within and beyond Russia. The Higher Public Prosecutor's Office in Novi Sad announced on November 21 that 11 people were arrested after being found responsible for the deadly collapse of a concrete canopy at the railway station in Serbia's second-largest city. The huge canopy collapsed on November 1, killing 15 people and seriously injuring another two. The accident occurred after the railway station, built in 1964, had been renovated twice in recent years by a consortium of four companies -- China Railway International and China Communications Construction, France's Egis, and Hungary's Utiber. Among those arrested are former Construction, Transport, and Infrastructure Minister Goran Vesic, and the ex-director of Railway Infrastructure, Jelena Tanaskovic. They face charges of committing criminal acts against public security, endangering the public, and irregular construction work, the prosecutor said in a statement, adding that they faced up to 12 years in prison. The arrests came after public protests that turned violent demanded the punishment of those responsible amid accusations of corruption that resulted in substandard renovation work on the railway station. In a message on X, Vesic wrote that he had not been arrested, but had "voluntarily responded to the call of the police officers" and "made himself available to police authorities." Vesic, an official from the ruling Serbian Progressive Party, resigned after the accident on November 4 but said he did not accept blame for the accident. Tomislav Momirovic, who headed the Construction, Transport, and Infrastructure Ministry from 2020 to 2022, submitted his resignation as trade minister on November 20. The same day, Tanaskovic resigned as head of Serbian Railway Infrastructure. Opposition politicians have voiced scepticism about the arrests and demanded that the case be handed over to organized-crime prosecutors. The office of Belarusian opposition leader Svyatlana Tsikhanouskaya has issued a statement condemning the recent extradition from Vietnam to Belarus of Vasil Verameychyk, who fought on the Ukrainian side against invading Russian troops. Verameychyk, who moved to Vietnam after he was denied permission to settle in Lithuania because of he had previously served in the Belarusian Army, was detained in Vietnam earlier this year. Despite international appeals, Vietnamese authorities proceeded with his extradition in late October 2024. Tsikhanouskaya's office described the extradition as a direct consequence of the repressive policies of the authoritarian ruler of Belarus, Alyaksandr Lukashenka, highlighting the regime's efforts to target opponents beyond its borders. The statement emphasizes the urgent need for stronger international mechanisms to protect human rights, not only for Belarusians fleeing repression but also for those supporting Ukraine in its efforts to repel Russia's ongoing invasion. It calls on the international community to adopt individualized approaches when reviewing cases for international protection, end cooperation with the Belarusian security forces, and suspend bilateral agreements on extradition and legal assistance with Belarus. Additionally, the statement advises Belarusians abroad to remain vigilant against potential actions by Lukashenka's security services. It recommends consulting resources like Pashpart.org to identify countries deemed unsafe for Belarusians at risk of persecution. Russian mathematician and political prisoner Azat Miftakhov has been placed in solitary confinement for seven days. According to a support group for Miftakhov, the decision came after he reported feeling endangered by his current cellmate. In a letter shared by the group, Miftakhov explained that instead of being transferred to another cell, he was put in solitary confinement. It remains unclear whether Miftakhov will be returned to the same cell after completing his time in solitary. His support group says that his cellmate appears to be mentally ill. Miftakhov said that the man had undergone treatment while in pretrial detention but was nonetheless sentenced to more than 10 years in prison and is now being held in a general cell without access to medical care. Miftakhov is currently serving his sentence in a prison in Dimitrovgrad in the Ulyanovsk region. In March 2023, he was sentenced to four years in prison for "justifying terrorism." The charges stemmed from comments Miftakhov allegedly made while serving a previous sentence expressing support for Mikhail Zhlobitsky, who carried out a suicide bombing in 2018 at a Federal Security Service building in Arkhangelsk. Only Zhlobitsky was killed in the bombing. Before this, Miftakhov served five years and nine months on charges of hooliganism for allegedly participating in an attack on a Moscow office of the ruling United Russia party in 2018. He and his supporters have maintained his innocence, stating that he was tortured during the investigation and coerced into signing a confession, which he retracted. In 2019, the Russian human rights organization Memorial recognized Miftakhov as a political prisoner. Vietnam has extradited a Belarusian national who fought as a volunteer in Ukraine on Kyiv's side to Minsk, Belarusian media reported on November 20. The opposition-led Coordination Council said Vasyl Verameychyk, who is a member of the council, was turned over to Belarus on November 14. Verameychyk served in the Belarusian Army for seven years but participated in the 2020 anti-government protests. After the threat of arrest, he fled to Ukraine, where he joined the fighting against Russian forcesand was wounded in April 2022. Nasha Niva news reported Verameychyk moved to Vietnam after he was denied permission to settle in Lithuania because of his former Belarusian Army service. To read the original story by RFE/RL’s Belarus Service, click here . European Commissioner for Home Affairs Ylva Johansson told RFE/RL in an interview that she is “optimistic” that Romania and Bulgaria will be fully integrated into the visa-free Schengen travel zone by the end of the year. “Romania and Bulgaria are ready, the Schengen area is ready, so I can’t see any obstacles,” she said. “It’s time to lift internal border controls now.” The interview, conducted on November 19, will be published in full on November 21. In March, both countries joined the Schengen area on a partial basis , allowing visa-free travel for those arriving and departing on flights and by boat to both countries, but not by road. To read the original story by RFE/RL’s Romanian Service, click here .
Surviving a Hearing World not for Everyone: Developing Filipino Sign Language in a Disaster-Prone CountryReport: Louisiana coach Michael Desormeaux gets new deal
SAN JOSE, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd CRDO , an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase through the data infrastructure market, today reported financial results for the second quarter of fiscal year 2025, ended November 2, 2024. Second Quarter of Fiscal Year 2025 Financial Highlights Revenue of $72.0 million, grew by 20.6% quarter over quarter and 63.6% year over year GAAP gross margin of 63.2% and non-GAAP gross margin of 63.6% GAAP operating expenses of $53.9 million and non-GAAP operating expenses of $37.6 million GAAP net loss of $(4.2) million and non-GAAP net income of $12.3 million GAAP diluted net loss per share of $(0.03) and non-GAAP diluted net income per share of $0.07 Ending cash and short-term investment balance of $383.0 million Management Commentary Bill Brennan, Credo's President and Chief Executive Officer, stated, "In the fiscal second quarter ended November 2, 2024 Credo generated record revenue of $72.0 million, up 21% sequentially and 64% year over year. The second quarter was our most successful to date across our three main product lines and Credo delivered total product revenue of $69.1 million. For the past few quarters, we have anticipated an inflection point in our revenues during the second half of fiscal 2025. I am pleased to share that this turning point has arrived, and we are experiencing even greater demand than initially projected, driven by AI deployments and deepening customer relationships." Third Quarter of Fiscal 2025 Financial Outlook Revenue is expected to be between $115.0 million and $125.0 million GAAP gross margin is expected to be between 60.6% and 62.6%, and non-GAAP gross margin is expected to be between 61.0% and 63.0% GAAP operating expenses are expected to be between $58.6 million and $60.6 million, and non-GAAP operating expenses are expected to be between $42.0 million and $44.0 million Conference Call Credo will conduct a conference call on Monday, December 2, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the second quarter of fiscal year 2025, ended November 2, 2024. Interested parties may join the conference call by registering online at https://register.vevent.com/register/BI87c69953bb554b49af7cc32591eee82a . After registering, a confirmation will be sent through email, including dial-in details and a unique conference call code for entry. It is recommended that participants register and dial in for the call at least 10 minutes before the start of the call. A live webcast of the conference call will be available on Credo's Investor Relations website at http://investors.credosemi.com . A replay of the webcast will be available via the web at http://investors.credosemi.com . Discussion of Non-GAAP Financial Measures This press release contains references to the non-GAAP financial measures of non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP operating income (loss) margin, non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. Reconciliation of these non-GAAP measures to their comparable GAAP measures is included below. This non-GAAP information should not be construed as an alternative to the reported results determined in accordance with GAAP. The non-GAAP financial measures that Credo presents may not be comparable to similarly titled measures of other companies and other companies may not calculate such measures in the same manner as we do. Non-GAAP financial measures exclude the effect of share-based compensation expenses, asset impairment and related charges (if applicable), and the related tax effect adjustment to the provision for income taxes. Credo uses a full-year non-GAAP tax rate to compute the non-GAAP tax provision. This full-year non-GAAP tax rate is based on Credo's annual GAAP income, adjusted to exclude non-GAAP items, as well as the effects of significant non-recurring and period-specific tax items which vary in size and frequency. Credo's non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate, such as tax law changes, significant changes in Credo's geographic mix of revenue and expenses or changes to Credo's corporate structure. GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted average shares outstanding when there is a GAAP net income. Non-GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a non-GAAP net loss, and calculated using non-GAAP diluted weighted average shares outstanding when there is a non-GAAP net income. Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of share-based compensation expenses expected to be incurred in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method. Credo believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Credo's financial condition and results of operations. While Credo uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Credo does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Credo believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. Externally, management believes that investors may find Credo's non-GAAP financial measures useful in their assessment of Credo's operating performance and the valuation of Credo. Internally, Credo's non-GAAP financial measures are used in the following areas: Management's evaluation of Credo's ongoing operating performance; Management's establishment of internal operating budgets; and Management's performance comparisons with internal forecasts and targeted business models. Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Credo's business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Credo's results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent. Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to, any statements regarding: launches of new or expansion of existing products or services; technology developments and innovation; our plans, strategies or objectives with respect to future operations; financial outlook; future financial results; expectations regarding the markets and industries in which Credo conducts business; and assumptions underlying any of the foregoing. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "seeks," "estimates," "can," "may," "will," "would," "outlook," "forecast," "targets" and similar expressions, or their negatives, may identify such forward-looking statements. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that may cause actual events or results to differ materially from those described in this press release. Readers are encouraged to review risk factors and all other disclosures appearing in Credo's Annual Report on Form 10-K as filed with the Securities and Exchange Commission (SEC) on June 24, 2024, as well as Credo's other filings with the SEC, for further information on risks and uncertainties that could affect Credo's business, financial condition and results of operation. Copies of these filings are available from the SEC, Credo's website or Credo's investor relations department. Forward-looking statements speak only as of the date they are made. Credo assumes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein. About Credo Our mission is to deliver high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Our innovations ease system bandwidth bottlenecks while simultaneously improving on power, security and reliability. Our connectivity solutions are optimized for optical and electrical Ethernet applications, including the 100G (or Gigabits per second), 200G, 400G, 800G and emerging 1.6T (or Terabits per second) port markets. Our products are based on our proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include integrated circuits (ICs), Active Electrical Cables (AECs) and SerDes Chiplets. Our intellectual property (IP) solutions consist primarily of SerDes IP licensing. Investor Relations Contact: Dan O'Neil IR@credosemi.com Credo Technology Group Holding Ltd Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share amounts) Three Months Ended Six Months Ended November 2, 2024 August 3, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Revenue: Product sales $ 64,443 $ 53,839 $ 34,247 $ 118,282 $ 64,275 Product engineering services 4,632 3,486 2,434 8,118 4,727 IP license 2,959 2,389 7,354 5,348 10,128 Total revenue 72,034 59,714 44,035 131,748 79,130 Cost of revenue: Cost of product sales revenue 25,883 21,884 17,346 47,767 31,214 Cost of product engineering services revenue 571 452 171 1,023 464 Cost of IP license revenue 68 95 401 163 545 Total cost of revenue 26,522 22,431 17,918 48,953 32,223 Gross profit 45,512 37,283 26,117 82,795 46,907 Operating expenses: Research and development 31,742 30,409 21,736 62,151 44,374 Selling, general and administrative 22,177 21,325 13,256 43,502 25,799 Total operating expenses 53,919 51,734 34,992 105,653 70,173 Operating loss (8,407 ) (14,451 ) (8,875 ) (22,858 ) (23,266 ) Other income, net 4,474 5,533 2,702 10,007 4,859 Loss before income taxes (3,933 ) (8,918 ) (6,173 ) (12,851 ) (18,407 ) Provision (benefit) for income taxes 292 622 450 914 (87 ) Net loss $ (4,225 ) $ (9,540 ) $ (6,623 ) $ (13,765 ) $ (18,320 ) Net loss per share: Basic and diluted $ (0.03 ) $ (0.06 ) $ (0.04 ) $ (0.08 ) $ (0.12 ) Weighted-average shares used in computing net loss per share: Basic and diluted 166,487 165,140 150,232 165,789 149,755 Credo Technology Group Holding Ltd Condensed Consolidated Balance Sheets (Unaudited) (In thousands) November 2, 2024 April 27, 2024 Assets Current assets: Cash and cash equivalents $ 239,237 $ 66,942 Short-term investments 143,716 343,061 Accounts receivable 81,776 59,662 Inventories 36,313 25,907 Contract assets 19,977 21,562 Prepaid expenses and other current assets 17,233 13,131 Total current assets 538,252 530,265 Property and equipment, net 68,226 43,665 Right of use assets 15,190 13,077 Other non-current assets 16,883 14,925 Total assets $ 638,551 $ 601,932 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 13,026 $ 13,417 Accrued compensation and benefits 9,182 9,000 Accrued expenses and other current liabilities 25,390 18,301 Deferred revenue 2,047 3,902 Total current liabilities 49,645 44,620 Non-current operating lease liabilities 12,945 11,133 Other non-current liabilities 8,054 5,981 Total liabilities 70,644 61,734 Shareholders' equity: Ordinary shares 8 8 Additional paid in capital 717,319 676,054 Accumulated other comprehensive loss (310 ) (519 ) Accumulated deficit (149,110 ) (135,345 ) Total shareholders' equity 567,907 540,198 Total liabilities and shareholders' equity $ 638,551 $ 601,932 Credo Technology Group Holding Ltd Reconciliations from GAAP to Non-GAAP (Unaudited) (In thousands, except percentages and per share amounts) Three Months Ended Six Months Ended November 2, 2024 August 3, 2024 October 28, 2023 November 2, 2024 October 28, 2023 GAAP gross profit $ 45,512 $ 37,283 $ 26,117 $ 82,795 $ 46,907 Reconciling item: Share-based compensation 331 281 250 612 439 Total reconciling item: 331 281 250 612 439 Non-GAAP gross profit (A) $ 45,843 $ 37,564 $ 26,367 $ 83,407 $ 47,346 GAAP gross margin 63.2 % 62.4 % 59.3 % 62.8 % 59.3 % Non-GAAP gross margin 63.6 % 62.9 % 59.9 % 63.3 % 59.8 % Total GAAP operating expenses $ 53,919 $ 51,734 $ 34,992 $ 105,653 $ 70,173 Reconciling item: Share-based compensation (16,332 ) (16,359 ) (7,894 ) (32,691 ) (15,673 ) Total reconciling item: (16,332 ) (16,359 ) (7,894 ) (32,691 ) (15,673 ) Total Non-GAAP operating expenses (B) $ 37,587 $ 35,375 $ 27,098 $ 72,962 $ 54,500 GAAP operating loss $ (8,407 ) $ (14,451 ) $ (8,875 ) $ (22,858 ) $ (23,266 ) Non-GAAP operating income (loss) (A-B) $ 8,256 $ 2,189 $ (731 ) $ 10,445 $ (7,154 ) GAAP operating loss margin (11.7 )% (24.2 )% (20.2 )% (17.3 )% (29.4 )% Non-GAAP operating income (loss) margin 11.5 % 3.7 % (1.7 )% 7.9 % (9.0 )% GAAP net loss $ (4,225 ) $ (9,540 ) $ (6,623 ) $ (13,765 ) $ (18,320 ) Reconciling items: Share-based compensation 16,663 16,640 8,144 33,303 16,112 Pre-tax total reconciling item 16,663 16,640 8,144 33,303 16,112 Other income tax effects and adjustments (183 ) (61 ) (358 ) (244 ) (1,350 ) Non-GAAP net income (loss) $ 12,255 $ 7,039 $ 1,163 $ 19,294 $ (3,558 ) GAAP weighted-average shares - basic 166,487 165,140 150,232 165,789 149,755 GAAP weighted-average shares - diluted 166,487 165,140 150,232 165,789 149,755 Non-GAAP adjustment 15,769 15,894 14,664 16,087 — Non-GAAP weighted-average shares - diluted 182,256 181,034 164,896 181,876 149,755 GAAP diluted net income (loss) per share $ (0.03 ) $ (0.06 ) $ (0.04 ) $ (0.08 ) $ (0.12 ) Non-GAAP diluted net income (loss) per share $ 0.07 $ 0.04 $ 0.01 $ 0.11 $ (0.02 ) Credo Technology Group Holding Ltd Reconciliation of GAAP Forward-Looking Estimates to Non-GAAP Forward-Looking Estimates (In millions, except percentages) Outlook for Three Months Ending February 1, 2025 Low High GAAP gross margin 60.6 % 62.6 % Reconciling item: Share-based compensation 0.4 % 0.4 % Total reconciling item: 0.4 % 0.4 % Non-GAAP gross margin 61.0 % 63.0 % Total GAAP operating expenses $ 58.6 $ 60.6 Reconciling item: Share-based compensation 16.6 16.6 Total reconciling item: 16.6 16.6 Total Non-GAAP operating expenses $ 42.0 $ 44.0 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Caribbean Princess Arrives in Port Canaveral for First-Ever Season of CruisesImpatience over polls hurting reforms
Dear Eric: My brother and his wife just had their first child, and the first grandchild on both sides of the family. I am so excited to be an aunt, and love the baby. So does my mom, however she has said on multiple occasions: I love the baby more than you two (my kids). I think the first time she was trying to be funny. It still did sting, though. She keeps saying it every time there is a get together with the baby. I can’t say anything because when I’ve said anything before I’ve been told that I am: “self-centered and make everything about myself” by my dad. My mom will say, “Why is everyone on my butt tonight?” I don’t want to cause any problems, but my brother and I are tired of this backhanded compliment, and I honestly don’t know how to deal with it. — Second Place Dear Second Place: The way your father spoke to you is very harsh, particularly given the reasonable request to not be triangulated with the baby. It suggests that there’s a pattern of unkind statements being lobbed in your direction, so this “joke” strikes a deeper wound. If that’s true, you’ll want to think about the parts of your dynamic with your parents that don’t work for you and talk about them separately. You may even want to work on this with a therapist beforehand, so you’re able to communicate clearly and not get sidetracked by debate over the baby comment. It will likely be more effective for your brother to tell your mom “I don’t like when you talk about my child that way,” than it is for you to protest. But, again, this seems to be rooted in a toxic family dynamic. There’s enough love to go around. If they can’t express that without belittling you, it’s wise to set a boundary with them about the way they communicate. Dear Eric: Our son received a seven-figure insurance settlement due to our diligence in getting him the best medical care our insurance would afford and a great lawyer. He is getting married at age 41. He expected us to pay for the flights for the happy couple, rent a car for them and “give them a s-load of gas cards so they can explore the southwest and California.” We’ve raised his daughter since she was 3 months old. She’s almost 11 now and just moved in with him. He didn’t provide a penny for the time she was with us. Her mother is frequently out of the picture. We haven’t heard from our son in six months since we told him we couldn’t afford to pay for the wedding, plane tickets and gas cards. Our granddaughter texted me two weeks ago asking if I’d bring her food because her dad was out of town. We hadn’t seen her in five months. We worry about her constantly. We worry about our son with a brain injury and temper issues. Do you have any advice? — Heartbroken Grandparents Dear Grandparents: The most pressing issue here is the welfare of your granddaughter. For the last 11 years, you had physical custody of her without parental support. If that arrangement was made through the Family Court system, it may be helpful to talk to your family lawyer or social worker about ways that you can help your granddaughter. If he’ll take the call, talk to your son about your concerns. That may be a difficult conversation, but being direct could prompt him to change or to make use of resources available to him. Send questions to R. Eric Thomas at eric@askingeric.com . Get local news delivered to your inbox!US stock indices pushed to fresh records Tuesday, shrugging off tariff threats from President-elect Donald Trump while European equities retreated. Trump, who doesn't take office until January 20, made his threat in social media posts Monday night, announcing huge import tariffs against neighbors Canada and Mexico and also rival China if they do not stop illegal immigration and drug smuggling. Both the Dow and S&P 500 notched all-time highs, with investors regarding the incoming president's words as a bargaining chip. "In theory, higher tariffs should not be good news for stocks. But, you know, I think the market's chosen to think of (it) as a negotiating tactic," said Steve Sosnick of Interactive Brokers. "You have bullish sentiment," said LBBW's Karl Haeling. "People are tending to look at things as positively as possible." But General Motors, which imports autos from Mexico to the United States, slumped 9.0 percent, while rival Ford dropped 2.6 percent. Overseas bourses were also buffeted by the news. European stocks followed losses in Asia, despite Trump excluding Europe as an immediate target for tariffs. "These are his first direct comments on tariffs and tariff levels since becoming president-elect, and they have roiled markets," said Kathleen Brooks, research director at XTB trading group, ahead of the Wall Street open. "It is early days, and there are plenty of opportunities for Trump to direct his attention to Europe down the line," Brooks added. The US dollar rallied against its Canadian equivalent, China's yuan and Mexico's peso, which hit its lowest level since August 2022. In other economic news, the Conference Board's consumer confidence index rose to 111.7 this month, up from 109.6 in October, boosted by greater optimism surrounding the labor market. "November's increase was mainly driven by more positive consumer assessments of the present situation, particularly regarding the labor market," said Dana Peterson, chief economist at The Conference Board. Pantheon Macroeconomics chief US economist Samuel Tombs added in a note that the increase in consumer confidence overall "likely was driven by euphoria among Republicans." "The index also jumped in late 2016, when Mr. Trump was elected for the first time," he said. Federal Reserve meeting minutes showed policy makers expect inflation to keep cooling, signaling a gradual approach to interest rate cuts if price increases ease further and the job market remains strong. New York - Dow: UP 0.3 percent at 44,860.31 (close) New York - S&P 500: UP 0.6 percent at 6,021.63 (close) New York - Nasdaq: UP 0.6 percent at 19,174.30 (close) London - FTSE 100: DOWN 0.4 percent at 8,258.61 (close) Paris - CAC 40: DOWN 0.9 percent at 7,194.51 (close) Frankfurt - DAX: DOWN 0.6 percent at 19,295.98 (close) Tokyo - Nikkei 225: DOWN 0.9 percent at 38,442.00 (close) Hong Kong - Hang Seng Index: FLAT at 19,159.20 (close) Shanghai - Composite: DOWN 0.1 percent at 3,259.76 (close) Euro/dollar: DOWN at $1.0482 from $1.0495 on Monday Pound/dollar: DOWN at $1.2567 from $1.2568 Dollar/yen: DOWN at 153.06 yen from 154.23 yen Euro/pound: DOWN at 83.41 pence from 83.51 pence Brent North Sea Crude: DOWN 0.3 percent at $72.81 per barrel West Texas Intermediate: DOWN 0.3 percent at $68.77 per barrel bur-jmb/stSnap-On Inc. stock rises Wednesday, still underperforms market
- Previous:
- Next: 188jili slot
