magic ocean dive

HONG KONG , Nov. 27, 2024 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (Nasdaq: ICLK), a renowned online marketing and enterprise solutions provider in Asia that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced unaudited financial results for the six months ended June 30, 2024 . Six Months Ended June 30, 2024 2023 Percentage change (US$ in thousands) (Unaudited) Financial Metrics: Revenue from continuing operations Marketing Solutions 9,324 12,663 (26) % Enterprise Solutions 4,896 4,330 13 % Total revenue from continuing operations 14,220 16,993 (16) % Gross profit from continuing operations 8,096 9,276 (13) % Net loss from continuing operations (1,269) (10,275) N/M Net loss from discontinued operations (5,104) (18,294) N/M Diluted net loss from continuing operations per American Depositary Shares ("ADS") (0.12) (1.01) N/M Operating Metrics: Gross billing 23,060 29,983 (23) % "I am pleased to report that our continuing operations recorded an improvement in gross margin to 56.9% in the first half of 2024 from 54.6% in the first half of 2023, and we saw the increase in enterprise solutions revenue by 13% year-over-year. The Company will continue to focus on improving the financial performance and cash flows, while exploring strategic opportunities for broader business growth.", said Mr. Jian Tang , Chairman, Chief Executive Officer and Co-Founder of iClick. "We continue monitoring and evaluating operations and market trends proactively in order to optimize our business and enhance profitability. We have recently completed the disposal of our mainland China Enterprise Solutions business and demand side Marketing Solutions business. The results of these businesses are presented under discontinued operations." First Half Year of 2024 Results on Continuing Operations: Revenue for the first half of 2024 was US$14.2 million , compared with US$17.0 million for the first half of 2023. Revenue from Marketing Solutions declined to US$9.3 million for the first half of 2024, compared with US$12.7 million for the first half of 2023. It was resulted from our strategic contraction of lower margin and higher risk businesses, with weaker demand from clients on advertising spending due to uncertainty in the macro-economic environment. Revenue from Enterprise Solutions was US$4.9 million for the first half of 2024, improved from US$4.3 million in the first half of 2023 due to the increasing demand for digital transformation and services. Gross profit for the first half of 2024 was US$8.1 million , compared with US$9.3 million for the first half of 2023. With the effort of reducing lower margin and higher risk businesses, and a rising revenue contribution from the higher-margin Enterprise Solutions business, gross profit margin increased to 56.9% for the first half of 2024 from 54.6% for the first half of 2023. Total operating expenses were US$12.4 million for the first half of 2024, decreased from US$14.1 million for the first half of 2023. The change was primarily due to our cost optimization execution, which resulted in reduction of staff cost and savings on promotional expenses. The expected credit losses provision of trade receivables was also reduced because of our close monitoring of cash collection. Net loss from continuing operations was US$1 .3 million for the first half of 2024, significantly improved from the net loss of US$10.3 million for the first half of 2023, mainly due to no impairment of equity investments in the first half of 2024, which we recorded US$5.6 million in the first half of 2023. Operating loss was reduced by US$0.6 million . Net loss from continuing operations attributable to the Company's shareholders per basic and diluted ADS for the first half of 2024 was US$0.12, compared with a net loss attributable to the Company's shareholders per basic and diluted ADS of US$1.01 for the first half of 2023. Gross billing 1 from continuing operations was US$23.1 million for the first half of 2024, compared with US$30.0 million for the first half of 2023, mainly as a result of our continued strategy of reducing lower margin and higher risk businesses, as well as clients' reduced advertising spending. Net loss from discontinued operations was US$5 .1 million for the first half of 2024, compared with the net loss of US$18.3 million for the first half of 2023, mainly due to cost optimization, and gain on disposal of discontinued operations amounting to US$2 .6 million in the first half of 2024. As of June 30, 2024 , the continuing operations of the Company had cash and cash equivalents, time deposits and restricted cash of US$70.2 million , compared with US$41.3 million as of December 31, 2023 . About iClick Interactive Asia Group Limited Founded in 2009, iClick Interactive Asia Group Limited (NASDAQ: ICLK) is a renowned online marketing and enterprise solutions provider in Asia . With its leading proprietary technologies, iClick's full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. For more information, please visit https://ir.i-click.com . 1 Gross billing is defined as the aggregate dollar amount that clients pay the Company after deducting rebates paid and discounts given to. Safe Harbor Statement This announcement contains forward-looking statements, including those related to the Company's business strategies, operations and financial performance. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve inherent risks and uncertainties. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. For investor and media inquiries, please contact: In China: In the United States: iClick Interactive Asia Group Limited Core IR Catherine Chau Tom Caden Phone: +852 3700 9100 Tel: +1-516-222-2560 E-mail: ir@i-click.com E-mail: tomc@coreir.com (financial tables follow) ICLICK INTERACTIVE ASIA GROUP LIMITED Unaudited Condensed Consolidated Statements of Comprehensive Loss (US$'000, except share data and per share data, or otherwise noted, unaudited) Six Months Ended June 30, 2024 2023 Continuing operations Revenue 14,220 16,993 Cost of revenue (6,124) (7,717) Gross profit 8,096 9,276 Operating expenses Research and development expenses (311) (265) Sales and marketing expenses (4,381) (8,826) General and administrative expenses (7,704) (5,052) Total operating expenses (12,396) (14,143) Interest expense (32) (117) Interest income 598 591 Other gains/(losses), net 2,560 (5,756) Loss before income tax expense and share of losses from an equity investee (1,174) (10,149) Share of losses from an equity investee (37) (19) Loss before income tax expense (1,211) (10,168) Income tax expense (58) (107) Net loss from continuing operations (1,269) (10,275) Net loss attributable to non-controlling interests 111 9 Net loss from continuing operations attributable to iClick Interactive Asia Group Limited's ordinary shareholders (1,158) (10,266) Discontinued operations Loss from operations of discontinued operations (7,666) (18,305) Income tax (expense)/credit (23) 11 Gain on disposal of discontinued operations 2,585 - Net loss from discontinued operations (5,104) (18,294) Net loss attributable to non-controlling interests 32 49 Net loss from discontinued operations attributable to iClick Interactive Asia Group Limited's ordinary shareholders (5,072) (18,245) Net loss (6,373) (28,569) Net loss attributable to iClick Interactive Asia Group Limited's ordinary shareholders (6,230) (28,511) Net loss from continuing operations (1,269) (10,275) Other comprehensive loss: Foreign currency translation adjustment, net of US$nil tax (13) (131) Comprehensive loss from continuing operations (1,282) (10,406) Comprehensive loss from continuing operations attributable to non-controlling interests 111 49 Comprehensive loss from continuing operations attributable to iClick Interactive Asia Group Limited's ordinary shareholders (1,171) (10,357) Net loss from discontinued operations (5,104) (18,294) Other comprehensive income: Foreign currency translation adjustment, net of US$nil tax - 301 Comprehensive loss from discontinued operations (5,104) (17,993) Comprehensive loss from discontinued operations attributable to non -controlling interests 32 20 Comprehensive loss from discontinued operations attributable to iClick Interactive Asia Group Limited's ordinary shareholders (5,072) (17,973) Comprehensive loss attributable to iClick Interactive Asia Group Limited's ordinary shareholders (6,243) (28,330) Net loss from continuing operations per ADS attributable to iClick Interactive Asia Group Limited's ordinary shareholders — Basic (0.12) (1.01) — Diluted (0.12) (1.01) Net loss from discontinued operations per ADS attributable to iClick Interactive Asia Group Limited's ordinary shareholders — Basic (0.51) (1.79) — Diluted (0.51) (1.79) Net loss per ADS attributable to iClick Interactive Asia Group Limited's ordinary shareholders — Basic (0.63) (2.80) — Diluted (0.63) (2.80) Weighted average number of ADS used in per share calculation: — Basic 9,955,943 10,178,966 — Diluted 9,955,943 10,178,966 ICLICK INTERACTIVE ASIA GROUP LIMITED Unaudited Condensed Consolidated Balance Sheets (US$'000, except share data and per share data, or otherwise noted, unaudited) As of June 30, 2024 As of December 31, 2023 Assets Current assets Cash and cash equivalents, time deposits and restricted cash 70,239 41,264 Accounts receivable, net of allowance for credit losses of US$1,558 and US$1,571 as of June 30, 2024 and December 31, 2023 respectively 11,210 13,535 Other current assets 15,813 11,516 Discontinued operations 54,454 93,488 Total current assets 151,716 159,803 Non-current assets Other assets 3,727 3,596 Discontinued operations 112 305 Total non-current assets 3,839 3,901 Total assets 155,555 163,704 Liabilities and equity Current liabilities Accounts payable 3,310 4,462 Bank borrowings 36,932 1,965 Other current liabilities 23,830 20,200 Discontinued operations 56,607 93,445 Total current liabilities 120,679 120,072 Non-current liabilities Other liabilities 221 551 Discontinued operations 1,463 1,829 Total non-current liabilities 1,684 2,380 Total liabilities 122,363 122,452 Equity Ordinary shares – Class A (US$0.001 par value; 80,000,000 shares authorized as of June 30, 2024 and December 31, 2023, respectively; 38,752,446 shares and 44,477,356 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively) 39 45 Ordinary shares – Class B (US$0.001 par value; 20,000,000 shares authorized as of June 30, 2024 and December 31, 2023, respectively; 5,034,427 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively) 5 5 Treasury shares (218,396 shares and 6,398,616 shares as of June 30, 2024 and December 31, 2023, respectively)ARMOUR Residential REIT, Inc. Announces December 2024 Dividend Rate Per Common Share

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Former U.S. Representative Matt Gaetz announced Friday he will not return to Congress next year, following his withdrawal as President-elect Donald Trump's nominee for the Department of Justice. Gaetz, entangled in allegations of drug use and misconduct, stated his intention to fight from a "new perch." Withdrawing his name raised speculation about his potential return to reclaim his House seat. Gaetz, facing a formidable challenge to secure Senate confirmation, was scrutinized by a House ethics panel over allegations involving an underage girl and drug use, which he has denied. His departure further tightens the Republican majority in the House, holding 218 to Democrats' 214 seats. Gaetz's Florida seat will remain vacant until a special election is scheduled. His withdrawal marks the first for a Trump cabinet nominee amid several controversies. (With inputs from agencies.)

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Two survivors returned to the Hawaii military base on Saturday for a remembrance ceremony on the attack's anniversary. Both are over 100 years old. They joined active-duty troops, veterans and members of the public for an observance hosted by the Navy and the National Park Service. A third survivor was planning to join them but had to cancel due to health issues. The bombing killed more than 2,300 U.S. servicemen. An explosion destroys an apartment block in a Dutch city, killing at least 3 and injuring others THE HAGUE, Netherlands (AP) — An explosion and fire has rocked a neighborhood in the Dutch city of The Hague, killing three people and injuring other people and destroying several apartments. The cause of the disaster is unclear. Emergency authorities said four people were rescued from the rubble and taken to the hospital. The mayor said rescuers were no longer looking for survivors but for eventual bodies, but could not specify how many people might still be unaccounted for. Residents of the northeastern neighborhood of Mariahoeve in The Hague heard a huge bang and screams before dawn. Dutch authorities have deployed a specialized urban search and rescue team to find victims. How 'Mufasa' rose with Aaron Pierre and Blue Ivy's voices along with new Lin-Manuel Miranda music SAN DIEGO (AP) — When Aaron Pierre was cast as Mufasa, the weight of following in the late James Earl Jones’ legendary footsteps was enough to rattle any actor. But instead of letting the pressure roar too loudly, he harnessed his nerves to breathe fresh life into his young lion character. Pierre found parallels between himself and his character while filming his leading role in “Mufasa: The Lion King,” which opens in theaters Dec. 20. He took the reigns as the new voice of Mufasa after Jones played the iconic King Mufasa in both the 1994 and 2019 versions of Disney’s “The Lion King.” The prequel offers a fresh exploration into Mufasa’s origin story.Hello, Reader. 220 million That’s the number of Americans who drink at least one cup of coffee each day. You’re probably among this bunch – I know I am. My afternoon triple espresso never sits in its cup for long. In fact, according to the National Coffee Association, our cup-of-joe consumption reached a 20-year high this year. Sixty-seven percent of American adults reported drinking coffee the previous day, compared to 49% in 2004. On top of that, coffee drinking tends to increase during the holiday season, due to colder weather, festive coffee flavors, and an uptick in social gatherings. All of this spells good news for coffee companies. So, in today’s Smart Money , I want to highlight one such company that I believe is particularly attractive to investors right now. If you live in the Pacific Northwest, you probably know this company and have frequented one of its drive-through coffee kiosks. If you live anywhere else in the U.S., you probably haven’t... but you will. Let’s take a look... Brewed for Success This Starbucks-like juggernaut from Grants Pass, Oregon got its start in 1992 when a couple of brothers opened an espresso-vending pushcart downtown by the railroad tracks. Since then, it has grown to nearly 900 stores across 17 states. But the company’s new CEO, Christine Baron, a former VP from Starbucks Corp. ( SBUX ), has plans to expand the company’s U.S. footprint to more than 4,000 stores over the next 10 years. If you read a Reddit message board about this company or talk to anyone who frequents one of its stores, you realize quickly that it is not merely a place to buy coffee to go. It is a destination. Its product offerings and overall vibe elicit the same sort of cultlike devotion that Chick-fil-A or In-N-Out do. This company – Dutch Bros Inc. ( BROS ) – is especially popular with the millennials and Gen-Zers who tend to buy (expensive) highly customized sweet coffee drinks and/or energy drinks. The company offers a wide array of both, including its own “signature” energy drink called “Rebel.” The company’s formula for success is definitely working. As the chart below shows, its same-store sales have been trending sharply higher, while Starbucks’ have been sliding lower. In fact, many high-profile companies in the quick-service restaurant ( QSR ) space (you and I call it “fast food”) are suffering from declining or sluggish sales trends. Looking ahead, Dutch Bros will pull two main levers to generate rapid growth... Every decade, a “magical” restaurant-based firm seems to appear: McDonald’s... Starbucks... Subway... Panda Express... These brands seem to grow like wildfire. On the fundamental level, popular restaurants succeed simply because people like the product. People will drive for miles for the food. And don’t you dare criticize any of these popular restaurants in front of their fans. But there’s also a financial reason why these firms grow so quickly: cash flow. By bringing in more customers and generating higher profits per store, these stores often break even faster than competitors. Theoretically, that means a popular chain can double its footprint every couple of years by simply channeling its internal cash flow to build new stores, which generates more cash flow. Two stores turn into four... which turn into eight... 16... and so on. It’s why companies like Panda Express expanded so quickly without ever going public or taking on franchises. Chain restaurants are simply great businesses – if the economics are right. Dutch Bros takes that truth to the next level. On the fundamental side, we’ve already talked about how people simply love Dutch Bros. The drive-through coffee shop has a cultlike following, and its stores are a destination, not just a place for caffeine. Then there’s the financial story... A Multi-Bagger Opportunity Dutch Bros has a phenomenal business model because it is even more capital-light than rivals. As a drive-through coffeehouse, the firm’s locations have no hot kitchens, no public bathrooms, and no inside seating areas. According to third-party estimates, startup costs per location can be as low as $150,000 – less than half of the cheapest strip-mall Burger Kings. Meanwhile, each location is a profit-spinning machine. In the second quarter of 2024, the average Dutch Bros store (including newly constructed ones) added $149,000 in quarterly gross contribution. The company does not publish cash-on-cash returns, but even rough back-of-envelope calculations suggest that new locations are breaking even in under three years. Dutch Bros plans to increase its store footprint by 27% over the next year, and will do so with a combination of existing cash flows and cash-from a $150 million debt issuance in the first quarter. Similar internally driven growth rates could arise going forward, which means Dutch Bros will grow exponentially until it finally saturates its relevant markets, perhaps sometime in the 2030s. The result is a multi-bagger opportunity hiding in plain sight. That is why I recommended Dutch Bros to my Fry’s Investment Report subscribers back in August. In fact, since my initial recommendation, the company has achieved a nearly 50% gain. And over the past month, shares of this firm have surged 53% on better-than-expected third-quarter earnings results and the successful rollout of food options at several test locations. The company also reached its 52-week-high less than seven days ago. To continue to stay up to date about my most recent thoughts on Dutch Bros – and to get all my recommendations on the day I make them – join me at Fry’s Investment Report today. As a Fry’s Investment Report member, you will also receive all of my latest research and recommendations. In fact, my December Issue will be available this Friday. So, be sure to keep an eye out in your inbox – perhaps with a coffee in hand. Regards, Eric Fry Editor, Smart MoneyUkraine's strategy under Trump, problematic signals from Ukrainians and parallels with WWI: an interview