Coincheck Reports Fiscal 2025 Third Quarter Financial Results
Coincheck Group N.V. (Nasdaq: CNCK) (“Coincheck Group,” the “Company” or “Group”), a Dutch public limited liability company and a holding company of Coincheck, Inc. (“Coincheck”), a leading Japanese crypto exchange company, today reported financial results for its fiscal 2025 third quarter ended December 31, 2024.
“We are pleased to report our fiscal 2025 third quarter results, which included strong quarter-over-quarter growth in Total Revenue of 75% from ¥70.3 billion to ¥ 123.1 billion,” said Gary Simanson, CEO of Coincheck Group. “These results reflect the successful closing of our business combination with Thunder Bridge Capital Partners, IV, Inc. (“Thunder Bridge IV”) on December 10, 2024, and our ability to build one of the preeminent global crypto and Web3 companies in the world, and well positions us for future growth in a large and rapidly growing market.”
“We are thrilled to have successfully completed our previously announced business combination with Thunder Bridge IV and become a publicly listed company on NASDAQ as of December 11, 2024, which we believe supports our plans to make strategic acquisitions across the globe and expand Coincheck within Japan,” said Oki Matsumoto, Executive Chairperson of Coincheck Group.
Fiscal 2025 Third Quarter Financial Highlights: 1
- Marketplace Trading Volume increased 113% to ¥ 117.4 billion ($749 million) in the third quarter of 2025, compared to ¥55.1 billion ($351 million) in the second quarter of 2025
- Total revenue increased 75% to ¥ 123.1 billion ($785 million) in the third quarter of 2025, compared to ¥70.3 billion ($448 million) in the second quarter of 2025
- Gross margin2 increased 135% to ¥4.8 billion ($30 million) in the third quarter of 2025, compared to ¥ 2.0 billion ($13 million) in the second quarter of 2025
- Selling, general and administrative expenses increased 222% to ¥ 6,430 million ($41 million) in the third quarter of 2025, compared to ¥1,999 million ($13 million) in the second quarter of 2025
- Transaction Costs increased to ¥17,518 million ($111 million) for the third quarter of 2025, including the transaction expenses related to our business combination, which we refer to as our Listing Expense, of ¥13,174 ($87 million), compared to ¥84 million ($537 thousand) in the second quarter of 2025
- Net Loss was ¥15,445 billion ($98 million) in the third quarter of 2025, compared to a Net Loss of ¥ 15 million ($0 million) in the second quarter of 2025
- Adjusted EBITDA3 increased 1,005% to ¥2,762 million ($18 million) in the third quarter of 2025, compared to ¥250 million ($1.6 million) in the second quarter of 2025
- Customer Assets increased 72% to ¥1,095 billion ($6.9 billion) in the third quarter of 2025, compared to ¥639 billion ($4.0 billion) in the second quarter of 2025
- The number of Verified Accounts increased 4.6% to 2,197,619 in the third quarter of 2025, compared to 2,100,374 in the second quarter of 2025
1.References in this announcement to “¥” are to Japanese Yen and references to “U.S. Dollars” and “$” are to United States Dollars. Unless otherwise stated, Coincheck Group has translated U.S. Dollar amounts from Japanese Yen at the exchange rate of ¥157.37 per $1.00, which was the ¥/$ exchange rate reported by the Federal Reserve Bank of New York as of December 31, 2024.
2. Gross margin is defined as total revenue less cost of sales.
3. Adjusted EBITDA is a non-IFRS financial measure; see “Non-IFRS financial measures” for definition and corresponding reconciliation below.
Fiscal 2025 Third Quarter Strategic and Operational Highlights:
- Successfully completed the business combination with Thunder Bridge IV on December 10, 2024 and commenced trading on the Nasdaq on Dec 11, 2024
- Announced the launch of Coincheck Staking on January 13, 2025, allowing users to automatically earn Ethereum simply by depositing ETH with Coincheck
- Announced the acquisition of Next Finance Tech Co, Ltd. on February 10, 2025, to provide comprehensive staking services for a range of cryptocurrencies on a global basis
Webcast and Conference Call
Coincheck Group will host a live webcast to discuss the results today at 5:00 pm ET. The call will be hosted by the following members of Coincheck Group’s management: Gary Simanson, CEO, Oki Matusumoto, Executive Chairperson and Jason Sandberg, CFO. The conference call can be accessed live via webcast from the Company’s investor relations website at https://www.coincheckgroup.com/news-events/ir-calendar. A replay will be available on the investor relations website following the call. The conference call can also be accessed over the phone by dialing (877) 407-4018 or (201) 689-8471; the Conference ID is 13751285.
About Coincheck Group N.V.
Headquartered in the Netherlands, Coincheck Group N.V. (NASDAQ: CNCK) is a public limited liability company and the holding company for Coincheck, Inc. Coincheck operates one of the largest multi-cryptocurrency marketplaces and crypto asset exchanges in Japan and is regulated by the Japan Financial Services Agency. Coincheck provides Marketplace and Exchange platforms on which diverse cryptocurrencies, including Bitcoin and Ethereum, are held and exchanged as well as other retail-focused crypto services.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about trading, future financial and operating results, plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or words of similar meaning or the negative thereof. Such forward-looking statements are based upon the current beliefs and expectations of the Company’s management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond the Company’s control, which could cause actual results or events to differ materially from those presently anticipated; such risks, uncertainties, and assumptions, include, among others: (i) a delay or failure to realize the expected benefits from the business combination with Thunder Bridge IV, (ii) changes in the cryptocurrency and digital asset markets in which the Company competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (iii) changes in domestic and global general economic conditions, (iv)changes in economic conditions and consumer sentiment in Japan; (v) the price of crypto assets and volume of transactions on the Company’s platform; (vi) the development, utility and usage of crypto assets; (vii) demand for any particular crypto asset; (viii) cyberattacks and security breaches on the Company platform; (ix) the Company’s ability to introduce new products and services, (x) the Company’s ability to execute its growth strategies, including identifying and executing acquisitions, and (xi) other risks and uncertainties discussed in the Company’s filings with the U.S. Securities and Exchange Commission as such factors may be updated from time to time, which are or will be accessible on the SEC’s website at www.sec.gov. The forward-looking statements included in this press release are made only as of the date of this press release and the Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law.
Non-IFRS financial measures
EBITDA and Adjusted EBITDA
In addition to our results determined in accordance with IFRS, we present EBITDA and Adjusted EBITDA, non-IFRS measures, because we believe they are useful in evaluating our operating performance.
EBITDA as represents net profit (loss) for the period before the impact of taxes, interest, depreciation, and amortization of intangible assets, and Adjusted EBITDA represents EBITDA, further adjusted for transaction expenses that are directly attributable to the business combination with Thunder Bridge IV. (denoted as “Reverse recapitalization”), as well as Nasdaq listing expenses.
We use EBITDA and Adjusted EBITDA to evaluate our ongoing operations and for internal planning and forecasting purposes and we believe that EBITDA may be helpful to investors because it provides consistency and comparability with past financial performance. However, EBITDA and Adjusted EBITDA are presented for supplemental informational purposes only, have limitations as an analytical tool, and should not be considered in isolation or as a substitute for our financial information presented in accordance with IFRS.
A reconciliation is provided below for each non-IFRS financial measure to the most directly comparable financial measure stated in accordance with IFRS. Investors are encouraged to review the related IFRS financial measures and the reconciliation of these non-IFRS financial measures to their most directly comparable IFRS financial measures, and not to rely on any single financial measure to evaluate our business.
Please see tables below for reconciliations of our non-IFRS financial measures.
U.S. Dollar financial information
For the convenience of the reader, where applicable, Coincheck Group has translated U.S. Dollar amounts from Japanese Yen at the exchange rate of ¥157.37 per $1.00, which was the ¥/$ exchange rate reported by the Federal Reserve Bank of New York as of December 31, 2024.
This information is intended to be reviewed in conjunction with the Company’s filings with the U.S. Securities and Exchange Commission.
COINCHECK GROUP N.V. and its subsidiaries | ||||||||||||
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF PROFIT OR LOSS | ||||||||||||
AND OTHER COMPREHENSIVE INCOME (UNAUDITED) | ||||||||||||
Japanese Yen | United States Dollar* | |||||||||||
For the three months ended | For the three months ended | |||||||||||
(in millions) | 2025 2Q | 2025 3Q | 2025 2Q | 2025 3Q | ||||||||
Revenue: | ||||||||||||
Revenue | ¥ | 70,339 | ¥ | 123,084 | $ | 447.0 | $ | 782.1 | ||||
Other revenue | 9 | 20 | 0.1 | 0.1 | ||||||||
Total revenue | 70,348 | 123,104 | 447.0 | 782.3 | ||||||||
- | ||||||||||||
Expenses: | - | |||||||||||
Cost of sales | 68,325 | 118,311 | 434.2 | 751.8 | ||||||||
Selling, general and administrative expenses | 1,999 | 6,430 | 12.7 | 40.9 | ||||||||
Total expenses | 70,324 | 124,741 | 446.9 | 792.7 | ||||||||
Operating profit (loss) | 24 | (1,637 | ) | 0.2 | (10.4 | ) | ||||||
- | - | - | ||||||||||
Other income and expenses: | - | - | - | |||||||||
Other income | 10 | - | 0.1 | - | ||||||||
Other expenses | 2 | (34 | ) | 0.0 | (0.2 | ) | ||||||
Financial income | (14 | ) | 480 | (0.1 | ) | 3.1 | ||||||
Listing expense | - | (13,714 | ) | - | (87.1 | ) | ||||||
Financial expenses | (1 | ) | (4 | ) | (0.0 | ) | (0.0 | ) | ||||
Profit (loss) before income taxes | 21 | (14,909 | ) | 0.1 | (94.7 | ) | ||||||
Income tax expense | (6 | ) | (536 | ) | (0.0 | ) | (3.4 | ) | ||||
Net profit (loss) for the period attributable to owners of the Group | ¥ | 15 | ¥ | (15,445 | ) | $ | 0.1 | $ | (98.1 | ) | ||
COINCHECK GROUP N.V. and its subsidiaries | |||||||||
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF PROFIT OR LOSS | |||||||||
AND OTHER COMPREHENSIVE INCOME (UNAUDITED) | |||||||||
Japanese Yen | United States Dollar* | ||||||||
For the three months ended | For the three months
| ||||||||
December 31, | December 31, | ||||||||
(in millions) | 2023 | 2024 | 2024 | ||||||
Revenue: | |||||||||
Revenue | ¥ | 59,007 | ¥ | 123,084 | $ | 782.1 | |||
Other revenue | 109 | 20 | 0.1 | ||||||
Total revenue | 59,116 | 123,104 | 782.3 | ||||||
Expenses: | |||||||||
Cost of sales | 56,880 | 118,311 | 751.8 | ||||||
Selling, general and administrative expenses | 1,638 | 6,429 | 40.9 | ||||||
Total expenses | 58,518 | 124,740 | 792.7 | ||||||
Operating profit (loss) | 598 | (1,636 | ) | (10.4 | ) | ||||
- | |||||||||
Other income and expenses: | - | ||||||||
Other income | 8 | - | - | ||||||
Other expenses | (10 | ) | (30 | ) | (0.2 | ) | |||
Financial income | - | 476 | 3.0 | ||||||
Listing expense | - | (13,714 | ) | (87.1 | ) | ||||
Financial expenses | (6 | ) | (4 | ) | (0.0 | ) | |||
Profit (loss) before income taxes | 590 | (14,908 | ) | (94.7 | ) | ||||
Income tax expense | (151 | ) | (536 | ) | (3.4 | ) | |||
Net profit (loss) for the period attributable to owners of the Group | ¥ | 439 | ¥ | (15,444 | ) | $ | (98.1 | ) | |
COINCHECK GROUP N.V. and its subsidiaries | |||||||||
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF PROFIT OR LOSS | |||||||||
AND OTHER COMPREHENSIVE INCOME (UNAUDITED) | |||||||||
Japanese Yen | United States Dollar* | ||||||||
For the nine months ended | For the nine months
| ||||||||
December 31, | December 31, | ||||||||
(in millions) | 2023 | 2024 | 2024 | ||||||
Revenue: | |||||||||
Revenue | ¥ | 122,394 | ¥ | 268,716 | $ | 1,707.5 | |||
Other revenue | 255 | 35 | 0.2 | ||||||
Total revenue | 122,649 | 268,751 | 1,707.8 | ||||||
- | |||||||||
Expenses: | - | ||||||||
Cost of sales | 117,818 | 258,818 | 1,644.6 | ||||||
Selling, general and administrative expenses | 4,730 | 10,902 | 69.3 | ||||||
Total expenses | 122,548 | 269,720 | 1,713.9 | ||||||
Operating profit (loss) | 101 | (969 | ) | (6.2 | ) | ||||
- | |||||||||
Other income and expenses: | - | ||||||||
Other income | 28 | 17 | 0.1 | ||||||
Other expenses | (143 | ) | (33 | ) | (0.2 | ) | |||
Financial income | 51 | 485 | 3.1 | ||||||
Listing expense | - | (13,714 | ) | (87.1 | ) | ||||
Financial expenses | (1 | ) | (28 | ) | (0.2 | ) | |||
Profit (loss) before income taxes | 36 | (14,242 | ) | (90.5 | ) | ||||
Income tax expense | (21 | ) | (750 | ) | (4.8 | ) | |||
Net profit (loss) for the period attributable to owners of the Group | ¥ | 15 | ¥ | (14,992 | ) | $ | (95.3 | ) | |
COINCHECK GROUP N.V. and its subsidiaries | ||||||||
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION | ||||||||
(UNAUDITED) | ||||||||
Japanese Yen | United States
| |||||||
(in millions) | As of | As of | As of | |||||
March 31, | December 31, | December 31, | ||||||
2024 | 2024 | 2024 | ||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | ¥ | 10,837 | ¥ | 12,673 | $ | 80.5 | ||
Cash segregated as deposits | 59,256 | 60,648 | 385.4 | |||||
Crypto assets held | 44,207 | 55,299 | 351.4 | |||||
Safeguard assets | 649,211 | 1,033,997 | 6,570.5 | |||||
Customer accounts receivable | 719 | 1,051 | 6.7 | |||||
Other financial assets | 37 | 290 | 1.8 | |||||
Other current assets | 377 | 585 | 3.7 | |||||
Total current assets | 764,644 | 1,164,543 | 7,400.0 | |||||
Non-current assets: | ||||||||
Property and equipment | 1,973 | 2,024 | 12.9 | |||||
Intangible assets | 788 | 1,083 | 6.9 | |||||
Crypto assets held | - | 22 | ||||||
Other financial assets | 614 | 437 | 2.8 | |||||
Deferred tax assets | 353 | 371 | 2.4 | |||||
Other non-current assets | 28 | 1 | 0.0 | |||||
Total non-current assets | 3,756 | 3,938 | 25.0 | |||||
Total assets | ¥ | 768,400 | ¥ | 1,168,481 | $ | 7,425.1 | ||
Liabilities and equity | ||||||||
Liabilities: | ||||||||
Current liabilities: | ||||||||
Deposits received | ¥ | 59,276 | ¥ | 61,920 | $ | 393.5 | ||
Crypto asset borrowings | 44,020 | 54,971 | 349.3 | |||||
Safeguard liabilities | 649,211 | 1,033,997 | 6,570.5 | |||||
Other financial liabilities | 1,206 | 4,250 | 27.0 | |||||
Provisions | 120 | - | - | |||||
Income taxes payable | 486 | 594 | 3.8 | |||||
Excise tax payable | - | 317 | 2.0 | |||||
Promissory note- related party | - | 47 | 0.3 | |||||
Other current liabilities | 360 | 655 | 4.2 | |||||
Total current liabilities | 754,679 | 1,156,751 | 7,350.5 | |||||
Non-current liabilities: | - | |||||||
Other financial liabilities | 1,277 | 995 | 6.3 | |||||
Warrant liability | - | 1,430 | 9.1 | |||||
Provisions | - | 340 | 2.2 | |||||
Total non-current liabilities | 1,277 | 2,765 | 17.6 | |||||
Total liabilities | 755,956 | 1,159,516 | 7,368.1 | |||||
Equity: | - | |||||||
Ordinary Shares | 196 | 211 | 1.3 | |||||
Capital surplus | 668 | 12,242 | 77.8 | |||||
Treasury Shares | - | (4 | ) | (0.0 | ) | |||
Foreign Currency Translation | - | (72 | ) | (0.5 | ) | |||
Retained earnings (accumulated deficit) | 11,580 | (3,412 | ) | (21.7 | ) | |||
Total equity | 12,444 | 8,965 | 57.0 | |||||
Total liabilities and equity | ¥ | 768,400 | ¥ | 1,168,481 | $ | 7,425.1 | ||
COINCHECK GROUP N.V. and subsidiaries | |||||||||
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF | |||||||||
CASH FLOWS (UNAUDITED) | |||||||||
Japanese Yen | United States Dollar* | ||||||||
For the nine months ended | For the nine months ended | ||||||||
December 31, | December 31, | ||||||||
(in millions) | 2023 | 2024 | 2024 | ||||||
Cash flows from operating activities: | |||||||||
Profit (loss) before income taxes | ¥ | 36 | ¥ | (14,242 | ) | $ | (90.5 | ) | |
Depreciation and amortization | 431 | 474 | 3.0 | ||||||
Net gain of other financial assets (non-current assets) | - | (11 | ) | (0.1 | ) | ||||
Impairment loss of other assets (non-current assets) | - | 13 | 0.1 | ||||||
Listing expense | - | 13,714 | 87.1 | ||||||
Net (gain)/loss on sale of property and equipment | 14 | 3 | 0.0 | ||||||
Net (gain)/loss on disposal of intangible assets | 39 | 23 | 0.1 | ||||||
Net gain on sale of crypto assets held (non-current assets) | (17 | ) | - | - | |||||
Change in fair value of warrant liability | - | (462 | ) | (2.9 | ) | ||||
Decrease in cash segregated as deposits | (1,629 | ) | (1,392 | ) | (8.8 | ) | |||
(Increase) decrease in crypto assets held (current assets) | (6,991 | ) | (11,114 | ) | (70.6 | ) | |||
Increase in customer accounts receivable | (140 | ) | (332 | ) | (2.1 | ) | |||
(Increase) decrease in other financial assets (current assets) | 635 | (253 | ) | (1.6 | ) | ||||
Decrease in other current assets | 247 | (168 | ) | (1.1 | ) | ||||
Decrease in deposits received | 2,406 | 2,644 | 16.8 | ||||||
(Increase) decrease in other financial assets (non-current assets) | - | 155 | 1.0 | ||||||
Increase (decrease) in crypto asset borrowings | 7,064 | 10,951 | 69.6 | ||||||
Increase (decrease) in other financial liabilities | (606 | ) | 236 | 1.5 | |||||
Increase (decrease) in other current liabilities | 135 | 278 | 1.8 | ||||||
Increase in excise tax payable | - | 12 | 0.1 | ||||||
Other, net | 18 | 53 | 0.3 | ||||||
Cash provided by operating activities | 1,642 | 582 | 3.7 | ||||||
Interest income received | 3 | 6 | 0.0 | ||||||
Interest expense paid | (1 | ) | (12 | ) | (0.1 | ) | |||
Income taxes paid | (1 | ) | (720 | ) | (4.6 | ) | |||
Net cash provided by (used in) operating activities | 1,643 | (144 | ) | (0.9 | ) | ||||
Cash flows from investing activities | - | ||||||||
Purchase of property and equipment | (4 | ) | (164 | ) | (1.0 | ) | |||
Proceeds from sale of property and equipment | 4 | - | - | ||||||
Expenditure on internally generated intangible assets | (268 | ) | (393 | ) | (2.5 | ) | |||
Proceeds from refund of guarantee deposits | 155 | 33 | 0.2 | ||||||
Proceeds from sale of crypto assets held (non-current) | 22 | - | - | ||||||
Purchase of other financial assets (non-current assets) | (9 | ) | - | - | |||||
Payments on guarantee deposits | (192 | ) | - | - | |||||
Net cash used in investing activities | (292 | ) | (524 | ) | (3.3 | ) | |||
Cash flows provided by financing activities | - | ||||||||
Proceeds from short-term loans | 1,000 | 1,300 | 8.3 | ||||||
Repayments of short-term loans | (1,000 | ) | (1,300 | ) | (8.3 | ) | |||
Proceeds from loans from related party | - | 8,522 | 54.2 | ||||||
Repayments of loans from related party | - | (6,081 | ) | (38.6 | ) | ||||
Repayment of lease obligations | (182 | ) | (290 | ) | (1.8 | ) | |||
Proceeds received from non-redemption agreement | - | 202 | 1.3 | ||||||
Proceeds from reverse recapitalization, net of non-redemption and share forward agreement | - | 205 | 1.3 | ||||||
Net cash flows (used in) provided by financing activities | (182 | ) | 2,558 | 16.3 | |||||
Effect of exchange rate changes on cash | - | (54 | ) | (0.3 | ) | ||||
Net increase in cash and cash equivalents | 1,169 | 1,836 | 11.7 | ||||||
Cash and cash equivalents at the beginning of period | 7,697 | 10,837 | 68.9 | ||||||
Cash and cash equivalents at the end of period | ¥ | 8,866 | ¥ | 12,673 | $ | 80.5 | |||
RECONCILIATION OF EBITDA | ||||||||||
Japanese Yen | United States Dollar* | |||||||||
For the three months ended | For the three months ended | |||||||||
2025 2Q | 2025 3Q | 2025 2Q | 2025 3Q | |||||||
Reconciliation of EBITDA: | ||||||||||
Net profit (loss) for the year or the period | ¥ | 15 | ¥ | (15,444 | ) | $ | 0.1 | $ | (98.5 | ) |
Add: Income tax expenses (benefits) | 6 | 536 | 0.0 | 3.4 | ||||||
Profit (loss) before income taxes | 21 | (14,908 | ) | 0.1 | (95.0 | ) | ||||
Add: interest expense | 3 | 3 | 0.0 | 0.0 | ||||||
Add: Depreciation and amortization | 142 | 149 | 0.9 | 1.0 | ||||||
EBITDA | ¥ | 166 | ¥ | (14,756 | ) | $ | 1.1 | $ | (94.1 | ) |
RECONCILIATION OF ADJUSTED EBITDA | ||||||||||
Japanese Yen | United States Dollar* | |||||||||
For the three months ended | For the three months ended | |||||||||
2025 2Q | 2025 3Q | 2025 2Q | 2025 3Q | |||||||
Reconciliation of Adjusted EBITDA: | ||||||||||
Net profit (loss) for the year or the period | ¥ | 15 | ¥ | (15,444 | ) | $ | 0.1 | $ | (98.1 | ) |
Add: Income tax expenses (benefits) | 6 | 536 | 0.0 | 3.4 | ||||||
Profit (loss) before income taxes | 21 | (14,908 | ) | 0.1 | (94.7 | ) | ||||
Add: interest expense | 3 | 3 | 0.0 | 0.1 | ||||||
Add: Professional fees in connection with Reverse recapitalization | 84 | 3,804 | 0.5 | 24.2 | ||||||
Add: Listing Expense | - | 13,714 | - | 87.1 | ||||||
Add: Depreciation and amortization | 142 | 149 | 0.9 | 0.9 | ||||||
Adjusted EBITDA | ¥ | 250 | ¥ | 2,762 | $ | 1.6 | $ | 17.6 | ||
(*) Convenience Translation into U.S. Dollars. | ||||||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20250211023485/en/
Contacts
Media and Investor Relations:
CoincheckIR@icrinc.com
(c) 2024 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Making Science Unveils ‘AWAKE’: The AI Venture Studio Industrialising Startup Creation and AI-First Innovative Solutions23.12.2025 20:51:00 CET | Press Release
Making Science, the global digital acceleration consultancy, today announced the launch of AWAKE Venture Studio. This "AI-first" model represents a new era in systematic innovation, designed to identify, prototype, and scale both internal proprietary solutions and independent AI-native startups with global reach. The launch of AWAKE is motivated by the significant efficiency gains of orders of magnitude that Making Science has already achieved through the internal integration of AI. By applying these methods, the firm has achieved a 2x acceleration in tech feature development reducing time in the deployment of AI Agents. This model has already proven its commercial and innovative power through the acceleration of startups like ad-machina, which has multiplied its value by 10 since joining the Making Science ecosystem. These proven benchmarks serve as the technical foundation for AWAKE’s two interconnected engines, which formalise this efficiency into a repeatable manufacturing process
FDA Clears First Extended Depth of Focus Contact Lens for Presbyopia23.12.2025 18:07:00 CET | Press Release
The Cataltheia Group and its U.S. subsidiary, Bruno Vision Care LLC, a leader in eye health innovation, today announced that the U.S. Food and Drug Administration (FDA) has cleared the first and only Daily Disposable Soft (Hydrophilic) Contact Lens for Presbyopia utilizing patented Extended Depth of Focus (EDOF) optical design technology, enabling commercial distribution in the United States. Deseyne® delivers smooth, continuous focus across near, intermediate, and distance vision, providing clear, natural vision without compromise. This performance is enabled by Cataltheia’s patented hyper-refractive central zone, engineered to precisely redirect light in a controlled manner. The result is a clear clinical advantage over the only other available contact lens option for presbyopia, multifocal lenses, which rely on multiple optical zones and often require prolonged visual and cognitive adaptation. “We are proud to offer the first contact lens solution for the world’s aging population th
Aramco Awards SLB Long-Term Contract to Support Kingdom’s Unconventional Gas Production Growth23.12.2025 14:58:00 CET | Press Release
Global technology company SLB (NYSE: SLB) has been awarded a five-year contract by Aramco to provide stimulation services for its unconventional gas fields. This award is part of a broader multi-billion contract, supporting one of the largest unconventional gas development programs globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251223074948/en/ The contract encompasses advanced stimulation, well intervention, frac automation, and digital solutions, which are important to unlocking the potential of Saudi Arabia’s unconventional gas resources. The contract encompasses advanced stimulation, well intervention, frac automation, and digital solutions, which are important to unlocking the potential of Saudi Arabia’s unconventional gas resources — a cornerstone of the Kingdom’s strategy to diversify its energy portfolio and support the global energy transition. “This agreement is an important step forward in Aramco’s effor
Tabelog, Japan's Largest (*1) Restaurant Search and Reservation Service, Launches Multilingual App for International Visitors23.12.2025 14:00:00 CET | Press Release
Tabelog (https://tabelog.com/en/), Japan's largest restaurant search and reservation service operated by Kakaku.com, Inc., launched its multilingual smartphone application (iOS/Android) for international travelers on Monday, November 17, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251221963753/en/ The Tabelog Multilingual App for International Travelers — Japan's Largest Restaurant Search and Reservation Service With approximately 100 million monthly users(*3), Tabelog is Japan's premier service widely used by Japanese locals for daily restaurant discovery. Its database is unrivaled domestically, featuring information on approximately 890,000 establishments nationwide and over 85 million reviews and photos(*4). Unlike global map services or travel sites, Tabelog is built on "authentic ratings and reviews from local Japanese users," enabling travelers to discover truly exceptional restaurants beloved by locals — not
BeOne Medicines to Present at the 44th Annual J.P. Morgan Healthcare Conference23.12.2025 12:01:00 CET | Press Release
BeOne Medicines Ltd. (NASDAQ: ONC; HKEX: 06160; SSE: 688235), a global oncology company, today announced it will participate in the 44th Annual J.P. Morgan Healthcare Conference on Tuesday, January 13, 2026, with a presentation at 7:30 am PST. Live webcasts of these events can be accessed from the investors section of the Company’s website at https://ir.beonemedicines.com, https://hkexir.beonemedicines.com, https://sseir.beonemedicines.com. Archived replays will be available on the Company’s website. About BeOne Medicines BeOne Medicines is a global oncology company based in Switzerland that is discovering and developing innovative treatments that are more accessible to cancer patients worldwide. With a portfolio spanning hematology and solid tumors, BeOne is expediting development of its diverse pipeline of novel therapeutics through its internal capabilities and collaborations. With a growing global team of nearly 12,000 colleagues spanning six continents, the Company is committed to
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom