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Fintech MoneyLion (NYSE: ML) Reports Growth In Q2 2023 Earnings, Surpasses Guidance Fueled By Combined Consumer & Enterprise Ecosystem

Benzinga

By James Wells, Benzinga MoneyLion (NYSE: ML) is a leader in financial technology and embedded finance that has received multiple awards for its services, including the 2019 Fintech Award For Innovation In Personal Finance from Benzinga. The company offers multiple AI-powered consumer services including digital banking, cash advances, automated investing, credit-building loans, budgeting and financial tracking and rewards. It also offers enterprise marketplace solutions and boasts a network of more than 1,000 enterprise partners. The company recently announced its Q2 financial results for 2023, showcasing robust performance across both enterprise and consumer segments. Below are the essential details. Financial Performance MoneyLion reported record revenue of $107m, a significant increase of 22% year-over-year. The revenue exceeded guidance of $95m -$100m, reflecting strong growth in its core business segments. The second quarter gross profit margin was 59%, surpassing the expected range of 54-58%. Additionally, the company posted an adjusted EBITDA of $9 million, marking the second consecutive quarter of positive performance and exceeding the projected guidance of $1 million to $8 million. Both achievements reflect advantages in the consumer and enterprise ecosystems. “Revenue, gross profit margin, and Adjusted EBITDA all exceeded the high end of our guidance. For the third quarter of 2023, we expect revenue of $110 to $115 million, gross profit margin of 55% to 60% and Adjusted EBITDA of $6 to $10 million,” said Rick Correia, MoneyLion’s Chief Financial Officer. Customer and Product Growth The company reported 10 million total customers, with a record addition of two million in the second quarter, reflecting 114% growth year-over-year. Alongside this, the company's total products expanded by 71% year-over-year, showcasing MoneyLion's capacity to connect more customers with suitable financial solutions. Future Outlook MoneyLion's co-founder and CEO, Dee Choubey, emphasized the solid diversification of products and anticipates continued growth throughout the year. He stated, “Performance in the second quarter was driven by product diversification and margin expansion in our Enterprise marketplace business and continued momentum and robust credit performance in our Consumer business. With this platform strength, a robust balance sheet and our pipeline of innovative product releases and features, MoneyLion is poised to build on its momentum of scaling profitably.” MoneyLion: Growing Revenues In A Fast-Growing Market MoneyLion operates in a growth market – according to Allied Market Research, the global embedded finance market was worth $66.8 billion in 2022, and it is expected to grow at a compound annual growth rate (CAGR) of 25.4% between 2023 and 2032 to reach a value of $622.9 billion in 2032. The rising trend of digital transformation in several sectors including finance is a key factor driving the market’s growth. Embedded finance is revolutionizing the way financial services are delivered and consumed, and MoneyLion seems well-placed to continue to be a part of the growth of this sector. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 14, 2023 09:00 AM Eastern Daylight Time

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The House of Suntory Proudly Celebrates 100 Years of Pioneering Japanese Spirits

Beam Suntory

The House of Suntory, the Founding House of Japanese Whisky, celebrates its 100th anniversary of whisky innovation: a major milestone not only for Suntory’s history but for Japanese spirits culture. In honour of this centennial, the House releases a Suntory Anniversary Tribute short as imagined by Academy Award-winning Director Sofia Coppola and starring Actor Keanu Reeves, as well as an exclusive 100th-anniversary edition of its world-renowned whiskies. Twenty years after filming Lost in Translation, Sofia Coppola returned to Japan to create the Suntory Anniversary Tribute. Coppola brings her artistic genius and admiration for Suntory Whisky to life as the creative director of the Tribute which honours Suntory’s illustrious past, present and future. The Suntory Anniversary Tribute tells the remarkable story of the brand’s heritage and whisky-making legacy over the last 100 years, depicting the meaning of “Suntory Time” through the eyes of its creator. The Suntory Anniversary Tribute, which features actor Keanu Reeves, a lover of Suntory Whisky and who previously appeared in a Suntory Reserve ad campaign in 1992, debuted earlier this summer during the Suntory Time 100th Anniversary Global Premiere event in New York City. The Tribute can now be viewed on The House of Suntory website here. “We are thrilled to announce the masterful cinematic work of art Keanu and Sofia have made to mark this monumental time in the brand’s history,” said Rob Tucker, Senior Brand Manager of The House of Suntory Canada. “As the pioneer of Japanese Whisky, The House of Suntory has played an immeasurable role in shaping the whisky culture in Japan. From our Fifth Generation Chief Blender Shinji Fukuyo’s iconic blends, to showcasing the blossoming of Japanese Whisky craftmanship over the past 100 years, the film perfectly commemorates the legacy and footprint the House has had during the past century. The Suntory Whisky-loving duo has surpassed all expectations and we could not be more proud to celebrate it and share with Canada.” Later this summer, Reeves will star in another creative project in partnership with The House of Suntory: a series of documentary shorts from filmmaker Roman Coppola titled: “The Nature and Spirit of Japan.” The series explores Japanese whisky culture inspired by harmony with nature ( Wa ), elevated by Japanese craftsmanship ( Monozukuri ) and enjoyed as an authentic Japanese cultural experience ( Omotenashi ). The docuseries will strike a balance between education and entertainment, aiming to foster a deeper exploration of The House of Suntory and Japanese culture overall. "I’m honoured to partner with Suntory Whisky again thirty years after our Suntory Reserve campaign,” said Keanu Reeves. “I’m a huge fan of Suntory Whisky, so it’s very special to collaborate in honour of this milestone anniversary. My admiration for the whisky goes beyond tasting the whisky. It is the elevated Japanese craftsmanship and attention to every detail that makes Suntory Whisky so special. As an actor honing and perfecting my own craft, sharing this process in a docuseries is a thrill.” In honour of the centennial, The House of Suntory is releasing several limited-edition whiskies that highlight the unique Japanese craftsmanship at Suntory’s whisky distilleries and their meticulous art of blending including Yamazaki 18 Year Old Mizunara, which will be available in Canada, and Hakushu 18 Year Old Peated Malt whiskies. Limited 100th anniversary labels of the flagship Yamazaki 12 Year Old and Hakushu 12 Year Old will also be released for the centennial. “Hakushu and Yamazaki whiskies are gifts from our past handed down by generations,” said Fifth Generation Chief Blender Shinji Fukuyo. “It is fitting to release limited editions as part of this incredible milestone, as they represent our relentless pursuit of quality and symbolize our promise to carry our philosophy on for the next one hundred years and beyond.” The centennial of The House of Suntory began with the establishment of its Yamazaki Distillery in 1923 —the first and oldest malt whisky distillery in Japan’s history. The House of Suntory founder Shinjiro Torii’s 100-year legacy began with a dream to “create an original Japanese whisky blessed with the riches of Japanese nature and craftsmanship,” which his grandson Shingo Torii carries forth today at Yamazaki and its distilleries across the country. Since its founding, The House of Suntory has been crafting world-class spirits and is known for Yamazaki, Hakushu, Chita, Kakubin, Hibiki, Suntory Whisky Toki and Ao, as well as Roku Gin and Haku Vodka. Currently available in various markets across Canada are Suntory Whisky Toki, Ao and Roku Gin with Yamazaki coming later this fall. This landmark anniversary is a significant milestone for The House of Suntory and for its home country of Japan. As a first step toward its promising future, The House of Suntory is investing 10 billion JPY ($77 million USD) to enhance its Yamazaki and Hakushu Distilleries which are currently closed for renovation and scheduled to reopen this fall. The House of Suntory has become synonymous with some of the best Japanese whiskies in the world today, and it has undoubtedly built a legacy worthy of celebration. The House of Suntory invites fans to join its new global membership program. Members will be among the first to hear about The House of Suntory new releases, receive priority consideration for invitations to consumer experiences*, learn news from the distilleries, gain early access to content and more. The House of Suntory membership program aims to bring Japanese whisky enthusiasts together around the world and provide a cultural journey through Japan. To sign up, please visit us online here. For more information about The House of Suntory, please visit us online here. *Limited number of invitations will be distributed in key cities. About The House of Suntory Since 1923, Suntory has been renowned as a pioneer of Japanese Whisky for its House of Master Blenders and for their Art of Blending. Founder Shinjiro Torii built Japan’s first malt whisky distillery in Yamazaki, and the Suntory legacy continued with Torii’s son and Suntory’s second Master Blender, Keizo Saji, who continued to establish distilleries including the Hakushu Distillery. As the generations of Suntory’s master blenders carry on, Suntory Whisky remains committed to heritage and innovation. The House of Suntory has been named four-time Distiller of the Year at the International Spirits Challenge in London, UK (2010, 2012, 2013, 2014). Suntory Whiskies are subtle, refined and complex. The portfolio includes Yamazaki, Hakushu, Chita, Kakubin, Hibiki, Suntory Whisky Toki and Ao. The House of Suntory portfolio also offers Roku Japanese Gin and Haku Japanese Vodka. Created from Japanese ingredients by the master artisans at The House of Suntory, Roku Gin and Haku Vodka represent the nature and spirit of Japan. This year, Suntory Whisky celebrates one hundred years of whisky innovation—a major milestone not only for the brand’s history, but for Japanese spirits culture as a whole. To mark this anniversary, The House of Suntory will be rolling out its centennial campaign throughout 2023. About Beam Suntory As a world leader in premium spirits, Beam Suntory inspires the brilliance of life by delivering great consumer experiences through its world-class portfolio of brands. Known for its craftsmanship of premium whiskies, including Jim Beam®, Maker’s Mark®, Basil Hayden® and Knob Creek® bourbons; Japanese whiskies, including Yamazaki®, Hakushu®, Hibiki® and Toki®; and leading Scotch brands including Teacher’s, Laphroaig® and Bowmore®, Beam Suntory also produces leading brands such as Courvoisier® cognac, Tres Generaciones®, El Tesoro® and Hornitos® tequila, Roku and Sipsmith® gin, Canadian Club® whisky, and is a world leader in ready-to-drink cocktails, with brands like -196 and On The Rocks™ Premium Cocktails. A global company with approximately 6,000 employees in more than 30 countries, one of Beam Suntory’s core values is Growing for Good and through its Proof Positive sustainability strategy, the company has committed to ambitious goals and investments to promote environmental sustainability in its operations, ensure the company has a positive impact on the communities where employees live and work, and programs to inform consumers as they make choices about drinking. Headquartered in New York City, Beam Suntory is a subsidiary of Suntory Holdings Limited of Japan. For more information on Beam Suntory, its brands, and its commitment to social responsibility, please visit www.beamsuntory.com and www.drinksmart.com. Contact Details PRAXIS Meredith Nebel meredith@praxispr.ca PRAXIS Lindsay Craven lindsay@praxispr.ca PRAXIS Brenna Clarke brenna@praxispr.ca Company Website https://house.suntory.com

August 14, 2023 08:00 AM Eastern Daylight Time

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Be Ready for Back to School

News Media Group, Inc.

Contact Details Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

August 14, 2023 06:00 AM Eastern Daylight Time

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Givex CEO Don Gray reveals strong 2Q performance and strategies for sustained growth

Givex Corp

Givex Corp CEO Don Gray joined Proactive's Stephen Gunnion with details of the company's strong second-quarter financial performance. For the three months ended June 30, Givex reported revenue of $19.4 million, up 15% year-over-year, and gross profit of $1.9 million, up 16% year-over-year. Adjusted EBITDA rose 69% to $1.7 million over the same span and the net loss narrowed 75% from $3.9 million to $978,000. Gray attributed the positive results to consistent strategies over the past few years, including attracting new clients, signing new business, and successful acquisitions. He emphasized the company's goal to increase gross profit and adjusted EBITDA, while aiming to reduce the net loss to zero and potentially achieve positive earnings. Gray acknowledged the challenge of managing operational costs, particularly payroll expenses, and discusses efforts to maintain control and possibly lower the payroll-to-gross-profit ratio. Regarding annual recurring revenue (ARR), Gray highlighted a 20% increase in trailing ARR, emphasizing the significance of new contracted revenue from acquisitions and new clients. He anticipated continued growth throughout the year, especially in the stronger third and fourth quarters. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

August 11, 2023 02:08 PM Eastern Daylight Time

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Boost Mobile's New Unlimited Plan And Focus On Better Connectivity Set It Apart From Competitors

Benzinga

With the school year quickly approaching, parents and students around the country are looking to find the best phone plans. Whether you’re buying a first phone for a younger child or a teenager going off to college and purchasing your own plan for the first time, affordability and accessibility are important to consider. When it comes to prepaid providers, Boost Mobile (NASDAQ: DISH) is one of the best in the game. CNET recently named Boost’s unlimited plan 1 one of the “ Best Prepaid Phone Plans,” and for a good reason. Boost Mobile has recently introduced a new unlimited plan that is just $12.50 for the first month – offering unlimited talk, text and data for $25 per month with AutoPay 2. This plan stands out from the crowd as it is not tied to 12-month increments, unlike Mint Mobile's 12-month plan. This offer is only available to new Boost customers who bring their own phone or purchase a full SRP phone from Boost Mobile. The plan includes 5G access, 30GB of high-speed data per month and a hotspot 3. Boost has been actively working on expanding its 5G capacity so all customers have the best connectivity available, and the company is ahead of the competition when it comes to providing 5G. With the evolution of mobile technology, 5G promises to deliver high-capacity and blazing-fast mobile technology that will enable the next wave of mobile wireless innovation. Boost plans to leverage its 2.5 GHz spectrum and deploy Massive MIMO radio technology to achieve this goal. The Massive MIMO technology can deliver greater capacity than current LTE systems, which will enable Boost to offer faster speeds, increased network capacity and an overall better experience for its wireless customers. When it comes to cell phone plans, there are typically two options available: pre-paid and post-paid. Post-paid plans, like Verizon or T-Mobile, are traditional contract-based plans that require customers to pay a monthly bill for a set amount of data, talk time, and texts. Pre-paid plans, on the other hand, allow customers to pay for their service upfront and only pay for what they need. This is why the unlimited plan is appealing to a wide range of consumers: its flexibility and inexpensive price point. One of the main benefits of pre-paid plans is that they offer more flexibility and control over spending. Customers can choose to pay only for the services they need and can adjust their usage accordingly. Prepaid providers often do not require a credit check, making them incredibly valuable for customers with lower credit or young people with no credit history. With pre-paid plans, customers avoid unexpected charges because they are only charged for what they use. This can be particularly beneficial for those on a tight budget or for those who do not use their phone frequently. The company's commitment to providing value to its customers is evident in its no-contract policy. The company’s BoostOne app also offers daily discount opportunities. Given all the benefits it offers, Boost Mobile is a highly attractive choice for those seeking a reliable and cost-effective cell phone service provider for merely $25/month. 1 Based on a comparison of the Boost $25/mo. unlimited plan to other carriers’ unlimited plans. 2 Taxes and fees extra. 3 5G requires a compatible device. 5G is not available everywhere. Mobile hotspot draws from data allotment. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 11, 2023 09:25 AM Eastern Daylight Time

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Back-to-School Shopping 101

News Media Group, Inc.

Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

August 11, 2023 06:00 AM Eastern Daylight Time

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The Game Day Launches Four New Websites, Expands Portfolio in the North American Sports Market

The Game Day

Following two years of significant growth for its flagship site www.thegameday.com, leading US iGaming affiliate company The Game Day has announced the launch of four new websites dedicated specifically to the NFL, NBA, MLB and NHL. With the introduction of the four sites - TheGameDayFootball.com, TheGameDayBasketball.com, TheGameDayBaseball.com, and TheGameDayHockey.com – the New York-based media company is looking to expand its existing coverage in order to take advantage of the burgeoning demand for sports betting content in the US. “We’re thrilled to be building on the success of the past 24 months,” says The Game Day Co-founder & COO Steve Carey. “As the market continues to evolve at pace, these new sport-specific sites will enable us to keep growing our market-leading coverage in a way that lets us reach an increasingly wide audience base.” Director of Sports Content Tim Heaney adds “ This new expansion gives our portfolio of industry-leading writers an even bigger platform from which to deliver the types of in-depth analysis, features and interviews that have already won a huge and loyal fanbase in the US. We can’t wait to see where the next two years takes us – and the wider industry as a whole.” The Game Day is a sports entertainment and media company geared toward millennials and Gen Z. Launched in 2020, The Game Day bridges the gap between casual sports fans and sports bettors, creating and promoting original digital- and social-first content. Fans can follow all of The Game Day’s social content: TikTok, Twitter, Facebook, and Instagram. Contact Details The Game Day Lauren Polkey +356 9916 0849 laurenpolkey@thegameday.com The Game Day Brian Courcelle +1 518-281-7872 briancourcelle@thegameday.com Company Website https://thegameday.com/

August 10, 2023 11:11 AM Eastern Daylight Time

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Back-to-School with Olympian Natalie Coughlin and Athleta G!RL

YourUpdateTV

The back-to-school season is officially underway, and parents everywhere are scrambling to get their kids – and themselves! - ready for the new school year. For Natalie Coughlin, 12x Olympic Medalist and Mom of Two, this back-to-school season is all about confidence, comfort and self-care, and Athleta is the perfect resource for parents to help set their kids up for success. Recently, Natalie participated in a nationwide satellite media tour to discuss the back-to-school season and some tips to help empower young girls. A video accompanying this announcement is available at: https://youtu.be/byW412Bjg2I Diminishing confidence is one of the greatest issue’s girls face in the defining years from 6-12, so it’s important that we do everything we can to set them up for success. While back-to-school shopping, think about how clothing options can give young girls room to express their style and represent their favorite hobbies and personal interests. Athleta's G!RL line is perfect for girls who want to express themselves while being comfortable and active. We can help empower girls to be their most confident selves, knowing their clothing supports self-expression and helps to quell anxiety. Special features in Athleta’s back-to-school assortment are intentionally designed to fuel girls’ confidence through apparel design details, like confidence charms and hidden affirmations in the lining of shirts and backpacks and tactile details to fiddle with when she’s feeling anxious. Athleta’s uniform-ready items - like the School Days Skort, School Days Dress, School Days Polo and Limitless Backpack and Lunchbox - are durable, quality pieces built with performance-quality fabrics to withstand her active school year and all those after school activities, whether it’s on the sports field or in the art room. For more information, visit AthletaGirl.com About Natalie Coughlin Natalie Coughlin burst onto the international swim scene at the 2001 World Championships, winning a gold medal in the 100 backstroke and a bronze in the 50 backstroke. In 2002 at the Pan-Pacifics, she was more dominant, winning six medals, four gold, with three individual championships in the 100 free, 100 fly, and 100 back. Coughlin was the top female swimmer at the 2004 Olympic Games, winning five medals, including two gold. Individually, she won the 100 metre backstroke and finished third in the 100 freestyle. She won her second gold medal in the 800 metre freestyle relay and added two silvers as a member of the United States’ teams in the other relays. In three Olympics, she competed in 12 events and won 12 medals, three gold. But her victories didn’t stop there—she has since launched a wine label, advocated on behalf of several non-profit organizations, and become a mother to her daughter, Zennie, and her son, Ozzie. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

August 09, 2023 02:00 PM Eastern Daylight Time

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As Tiziana Life Sciences (NASDAQ: TLSA) Prepares For Phase 2 Trials, Have They Successfully Derisked Foralumab?

Benzinga

By David Willey, Benzinga Tiziana Life Sciences, Inc. (NASDAQ: TLSA) reports that its upcoming phase 2 trial for lead candidate foralumab’s treatment of non-active Secondary Progressive Multiple Sclerosis (na-SPMS) has already been derisked, given the results from its expanded access program. Developing innovative drugs can be a lengthy, risky process, as there are numerous unknowns that a company has to be prepared for. De-risking in drug development trials involves an early accumulation of as much information about the product as possible and can be an important strategy for companies to reduce unknown variables for future trials. De-risking can tell the company the drug’s safety profile, how its mechanism of action works and what benchmarks to measure going forward. Tiziana has completed its expanded access program for foralumab, and the drug has already demonstrated a robust safety profile and improved the expanded disability status scale (EDSS) score in some patients. Building A De-Risked Phase 2 Trial Tiziana will start its phase 2a trial as a multi-center, double-blinded, placebo-controlled trial – administering foralumab to its na-SPMS patients – and it will use the results from its expanded access program as a primary outcome measure. The company had taken 3-month Positron Emission Tomography (PET) brain scans for the six na-SPMS patients in its Expanded Access program. The chairman of Tiziana's Scientific Advisory Board described the results as “extraordinary,” with five of the six patients demonstrating reduced microglia activation, which suggests possible clinical improvements for the patients. Foralumab works by targeting regulatory T-cells and crossing the blood-brain barrier to dampen neuroinflammation. Inflammation of the brain is caused by activated microglia – the brain’s immune cells – and drives the neural degeneration associated with MS. Foralumab can downregulate microglia activation, leading to potential improvements in the patient's disability status. Foralumab is a first-in-class, fully human anti-CD3 monoclonal antibody (mAb), a class of immunotherapy drugs that target the patient’s immune system. Drugs using mAbs are increasingly common, and the global market for mAbs in 2022 was $210.06 billion. Companies looking to develop MS therapies include Sanofi (NASDAQ: SNY) and Bayer (OTC: BAYRY). However, there are currently no drugs approved by the Food and Drug Administration (FDA) for non-active SPMS. Click here to keep up with developments from Tiziana as it starts phase 2. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 09, 2023 09:25 AM Eastern Daylight Time

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