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  • FRP Holdings, Inc. Reports Fiscal 2025 Third Quarter Results

    FRP Holdings, Inc. Reports Fiscal 2025 Third Quarter Results

    JACKSONVILLE, FL / ACCESS Newswire / November 5, 2025 / FRP Holdings, Inc. (NASDAQ:FRPH), a full-service real estate investment and development company with four distinct business segments including Multifamily, Industrial and Commercial Development, and Mining and Royalty Lands, today reported financial results for the quarter ended September 30, 2025.

    Third Quarter Highlights and Recent Developments

    • 51% decrease in Net Income ($0.7 million vs $1.4 million) due largely to expenses related to the Altman Logistics platform acquisition ($1.3 million) partially offset by higher mining royalties and improved results in Equity in Loss of Joint Ventures (excluding the Altman acquisition expenses, adjusted Net Income was up $0.3 million).

    • 16% decrease in pro rata NOI ($9.5 million vs $11.3 million) primarily due to a non-recurring $1.9 million minimum royalty payment in last year’s third quarter. This one-time, catch-up payment applied to the prior twenty-four months when the tenant failed to meet a production requirement contained in the lease. The revenue from this payment was straight-lined over the life of the lease. Excluding the $1.9 million payment in last year, adjusted pro rata NOI was up $0.1 million this quarter versus last year’s same quarter.

    • 3% decrease in the Multifamily segment’s pro rata NOI primarily due to lower NOI at the Maren from higher uncollectable revenue along with higher operating costs and property taxes.

    • 25% decrease in Industrial and Commercial segment NOI primarily due to vacancies from an eviction of one tenant and lease expirations.

    • 26% decrease in Mining Royalty Lands segment NOI from the aforementioned $1.9 million minimum royalty payment in the third quarter of 2024. Excluding the $1.9 million payment in last year, adjusted pro rata NOI was up $0.5 million or 16% this quarter versus last year’s same quarter.

    • Entered into a joint venture agreement with Strategic Real Estate Partners (“SREP”), a private real estate development firm which specializes in industrial real estate development, to develop 377,892 square feet in two warehouses in Lake County, Florida near Orlando, with options for investment in additional industrial warehouses on adjacent properties in the future.

    • Subsequent to the end of the quarter, on October 21, 2025, the Company acquired the business operations and development pipeline of Altman Logistics Property, LLC, including two projects already majority-owned by FRP Holdings as well as minority interests in a portfolio of institutional grade assets under development.

    Executive Summary and Analysis

    Results for the first nine months were in line with the expectations we outlined earlier this year. Net income is down for this calendar year primarily due to legal expenses associated with our recently announced acquisition of Altman Logistics. On an NOI basis, year-to-date results trailed our 2024 performance primarily due to the one-time $1.9 million catch-up payment received in the third quarter of last year.

    Looking forward to next quarter and beyond, we are focused on laying the foundation for long-term earnings and NOI growth. Leasing and occupying the industrial and commercial vacancies accumulated over the past year will be key drivers of both these metrics. Over the next five years, though, our most significant growth will come from executing on projects within our development pipeline. This includes advancing development entitlements in Maryland to ensure these projects are shovel-ready in 2026, continuing to deliver on our active developments in Florida and South Carolina, and filling the newly developed spaces with tenants.

    Essential to any discussion of future growth for the Company is our acquisition of Altman Logistics, which closed subsequent to the end of the quarter. Altman was the Company’s partner on our first two industrial joint venture in Florida. This transaction is an important step toward scaling the Company and expanding beyond our traditional in-house development footprint into key growth markets, especially Florida and New Jersey. The additional cashflows generated from the future sale of our minority interests acquired in the Altman transaction will help fuel our newly expanded development platform. This combination will be the driver for the Company’s next decade of growth.

    Comparative Results of Operations for the three months ended September 30, 2025 and 2024

    Consolidated Results

    (dollars in thousands)

    Three Months Ended September 30,

    2025

    2024

    Change

    %
    Revenues:
    Lease revenue

    $

    7,086

    7,434

    $

    (348

    )

    -4.7

    %
    Mining royalty and rents

    3,689

    3,199

    490

    15.3

    %
    Total revenues

    10,775

    10,633

    142

    1.3

    %
    Cost of operations:
    Depreciation, depletion and amortization

    2,825

    2,551

    274

    10.7

    %
    Operating expenses

    3,304

    1,860

    1,444

    77.6

    %
    Property taxes

    955

    850

    105

    12.4

    %
    General and administrative

    2,328

    2,289

    39

    1.7

    %
    Total cost of operations

    9,412

    7,550

    1,862

    24.7

    %
    Total operating profit

    1,363

    3,083

    (1,720

    )

    -55.8

    %
    Net investment income

    2,369

    2,304

    65

    2.8

    %
    Interest expense

    (739

    )

    (742

    )

    3

    -.4

    %
    Equity in loss of joint ventures

    (2,225

    )

    (2,839

    )

    614

    -21.6

    %
    Income before income taxes

    768

    1,806

    (1,038

    )

    -57.5

    %
    Provision for income taxes

    203

    427

    (224

    )

    -52.5

    %
    Net income

    565

    1,379

    (814

    )

    -59.0

    %
    Income (loss) attributable to noncontrolling interest

    (97

    )

    18

    (115

    )

    -638.9

    %
    Net income attributable to the Company

    $

    662

    1,361

    $

    (699

    )

    -51.4

    %

    Net income for the third quarter of 2025 was $662,000 or $.03 per share versus $1,361,000 or $.07 per share in the same period last year. Excluding the Altman acquisition expenses, adjusted Net Income was up $281,000 . Pro rata NOI for the third quarter of 2025 was $9,523,000 versus $11,272,000 in the same period last year. Excluding the $1.9 million payment in last year, adjusted pro rata NOI was up $104,000 this quarter versus last year’s same quarter. The third quarter of 2025 was impacted by the following items:

    • Operating profit decreased $1,720,000 primarily due to $1,281,000 of expenses related to the Altman Logistics platform acquisition. The pro rata operating profit of the Multifamily segment increased however the consolidated portion of the Multifamily segment (Dock/Maren) decreased $404,000 due to uncollectable revenue and higher operating expenses and property taxes. The Industrial and Commercial segment operating profit declined $501,000 due to $207,000 higher depreciation from completion of our new Chelsea warehouse along with lower occupancy due to a tenant default and non-renewing leases. Mining Royalty Land’s segment operating profit increased $438,000 due to higher royalty tons and revenues less related depletion.

    • Net investment income increased $65,000 because of higher income from our lending ventures ($465,000) mostly offset by reduced earnings on cash equivalents ($400,000).

    • Equity in loss of Joint Ventures improved $614,000 due to improved results of our unconsolidated joint ventures. Results improved at Bryant Street ($255,000) and BC Realty ($401,000) both due to higher revenues and lower variable rate interest expense.

    • Pro rata NOI decreased $1,749,000 primarily due to the same quarter last year including a catch-up, minimum royalty payment of $1.9 million that applied to the prior twenty-four months as the tenant failed to meet a production requirement contained in the lease. This revenue was straight-lined over the life of the lease. Excluding the $1.9 million payment in last year, adjusted pro rata NOI was up $104,000 this quarter versus last year’s same quarter.

    Multifamily Segment (Pro rata consolidated and pro rata unconsolidated)

    Three months ended September 30
    (dollars in thousands)

    2025

    %

    2024

    %

    Change

    %
    Lease revenue

    $

    8,466

    100.0

    %

    8,226

    100.0

    %

    240

    2.9

    %
    Depreciation and amortization

    3,347

    39.5

    %

    3,353

    40.8

    %

    (6

    )

    -.2

    %
    Operating expenses

    2,842

    33.6

    %

    2,841

    34.5

    %

    1

    –

    %
    Property taxes

    1,021

    12.1

    %

    865

    10.5

    %

    156

    18.0

    %
    Cost of operations

    7,210

    85.2

    %

    7,059

    85.8

    %

    151

    2.1

    %
    Operating profit before G&A

    $

    1,256

    14.8

    %

    1,167

    14.2

    %

    89

    7.6

    %
    Depreciation and amortization

    3,347

    3,353

    (6

    )
    Unrealized rents & other

    (33

    )

    202

    (235

    )
    Net operating income

    $

    4,570

    54.0

    %

    4,722

    57.4

    %

    (152

    )

    -3.2

    %

    The combined consolidated and unconsolidated pro rata net operating income this quarter for this segment was $4,570,000, down $152,000 or 3% compared to $4,722,000 in the same quarter last year. Most of this decrease was from $177,000 lower NOI at the Maren due to increased uncollectable revenue along with higher operating costs and property taxes.

    Apartment Building

    Units
    Pro rata NOI
    Q3 2025
    Pro rata NOI
    Q3 2024

    Avg. Occupancy Q3 2025

    Avg. Occupancy Q3 2024

    Renewal Success Rate
    Q3 2025

    Renewal % increase
    Q3 2025
    Dock 79 Anacostia DC

    305

    $

    938,000

    $

    964,000

    93.8

    %

    94.0

    %

    68.1

    %

    2.8

    %
    Maren Anacostia DC

    264

    $

    796,000

    $

    973,000

    94.1

    %

    94.9

    %

    56.5

    %

    2.7

    %
    Riverside Greenville

    200

    $

    213,000

    $

    243,000

    92.0

    %

    94.0

    %

    55.6

    %

    4.9

    %
    Bryant Street DC

    487

    $

    1,649,000

    $

    1,537,000

    93.4

    %

    91.5

    %

    67.2

    %

    2.7

    %
    .408 Jackson Greenville

    227

    $

    358,000

    $

    362,000

    92.5

    %

    94.5

    %

    59.1

    %

    3.1

    %
    Verge Anacostia DC

    344

    $

    616,000

    $

    643,000

    92.0

    %

    90.1

    %

    64.8

    %

    1.9

    %
    Multifamily Segment

    1,827

    $

    4,570,000

    $

    4,722,000

    93.0

    %

    92.8

    %

    Multifamily Segment (Consolidated – Dock 79 & The Maren)

    Three months ended September 30
    (dollars in thousands)

    2025

    %

    2024

    %

    Change

    %
    Lease revenue

    $

    5,556

    100.0

    %

    5,682

    100.0

    %

    (126

    )

    -2.2

    %
    Depreciation and amortization

    2,002

    36.1

    %

    1,985

    35.0

    %

    17

    .9

    %
    Operating expenses

    1,763

    31.7

    %

    1,573

    27.7

    %

    190

    12.1

    %
    Property taxes

    636

    11.4

    %

    565

    9.9

    %

    71

    12.6

    %
    Cost of operations

    4,401

    79.2

    %

    4,123

    72.6

    %

    278

    6.7

    %
    Operating profit before G&A

    $

    1,155

    20.8

    %

    1,559

    27.4

    %

    (404

    )

    -25.9

    %

    Total revenues for our two consolidated joint ventures were $5,556,000, a decrease of $126,000 versus $5,682,000 in the same period last year. Total operating profit before G&A for the consolidated joint ventures was $1,155,000, a decrease of $404,000, or 26% versus $1,559,000 in the same period last year primarily due to increased uncollectable revenue along with higher operating costs and property taxes at the Maren.

    Multifamily Segment (Pro rata unconsolidated)

    Our Multifamily Segment has four unconsolidated joint ventures (Bryant Street, The Verge, Riverside, and .408 Jackson). Riverside was moved from the Development segment to the Multifamily segment in 2022, Bryant Street and .408 Jackson moved as of the beginning of 2024 and The Verge moved effective July 1, 2024, each upon reaching lease up stabilization.

     

    Three months ended September 30
    (dollars in thousands)

    2025

    %

    2024

    %

    Change

    %
    Lease revenue

    $

    5,440

    100.0

    %

    5,129

    100.0

    %

    311

    6.1

    %
    Depreciation and amortization

    2,250

    41.4

    %

    2,265

    44.2

    %

    (15

    )

    -.7

    %
    Operating expenses

    1,894

    34.8

    %

    1,985

    38.7

    %

    (91

    )

    -4.6

    %
    Property taxes

    675

    12.4

    %

    557

    10.9

    %

    118

    21.2

    %
    Cost of operations

    4,819

    88.6

    %

    4,807

    93.7

    %

    12

    .2

    %
    Operating profit before G&A

    $

    621

    11.4

    %

    322

    6.3

    %

    299

    92.9

    %

    For our four unconsolidated joint ventures, pro rata revenues were $5,440,000, an increase of $311,000 or 6% compared to $5,129,000 in the same period last year. Pro rata operating profit before G&A was $621,000, an increase of $299,000 or 93% versus $322,000 in the same period last year. The increase was due to improved occupancy at The Verge and Bryant Street and higher revenues at .408 Jackson.

    Industrial and Commercial Segment

    Three months ended September 30
    (dollars in thousands)

    2025

    %

    2024

    %

    Change

    %
    Lease revenue

    $

    1,229

    100.0

    %

    1,455

    100.0

    %

    (226

    )

    (15.5

    %)
    Depreciation and amortization

    567

    46.2

    %

    360

    24.7

    %

    207

    57.5

    %
    Operating expenses

    224

    18.2

    %

    185

    12.7

    %

    39

    21.1

    %
    Property taxes

    97

    7.9

    %

    68

    4.7

    %

    29

    42.6

    %
    Cost of operations

    888

    72.3

    %

    613

    42.1

    %

    275

    44.9

    %
    Operating profit before G&A

    $

    341

    27.7

    %

    842

    57.9

    %

    (501

    )

    (59.5

    %)
    Depreciation and amortization

    567

    360

    207
    Unrealized revenues

    (4

    )

    7

    (11

    )
    Net operating income

    $

    904

    73.6

    %

    $

    1,209

    83.1

    %

    $

    (305

    )

    (25.2

    %)

    Shell construction on our 258,279 square foot spec warehouse project in Aberdeen, MD on Chelsea Road was completed effective April 1, 2025 and is in the lease-up phase. We have ten buildings in service at four different locations totaling 773,356 square feet of industrial and 33,708 square feet of office of which 48.6% was leased and occupied at September 30, 2025. Excluding Chelsea these assets were 72.4% leased and occupied during the quarter compared to 95.6% leased and occupied during the same quarter last year primarily due to an eviction for failure to pay rent by one tenant and lease expirations. Total revenues in this segment were $1,229,000, down $226,000 or 16%, over the same period last year. Operating profit before G&A was $341,000, down $501,000 or 60% over the same quarter last year due to $216,000 of depreciation and $40,000 of operating costs at Chelsea along with the lower occupancy. Net operating income in this segment was $904,000, down $305,000 or 25% compared to the same quarter last year.

    Mining Royalty Lands Segment Results

    Three months ended September 30
    (dollars in thousands)

    2025

    %

    2024

    %

    Change

    %
    Mining royalty and rent revenue

    $

    3,689

    100.0

    %

    3,199

    100.0

    %

    490

    15.3

    %
    Depreciation, depletion and amortization

    213

    5.8

    %

    163

    5.1

    %

    50

    30.7

    %
    Operating expenses

    17

    0.5

    %

    20

    0.6

    %

    (3

    )

    -15.0

    %
    Property taxes

    75

    2.0

    %

    70

    2.2

    %

    5

    7.1

    %
    Cost of operations

    305

    8.3

    %

    253

    7.9

    %

    52

    20.6

    %
    Operating profit before G&A

    $

    3,384

    91.7

    %

    2,946

    92.1

    %

    438

    14.9

    %
    Depreciation and amortization

    213

    163

    50
    Unrealized revenues

    159

    1,994

    (1,835

    )
    Net operating income

    $

    3,756

    101.8

    %

    $

    5,103

    159.5

    %

    $

    (1,347

    )

    (26.4

    %)

    Total revenues in this segment were $3,689,000, an increase of $490,000 or 15% versus $3,199,000 in the same period last year. Royalty tons were up 6.5%. Royalty revenue per ton increased 5% over the same period last year. Total operating profit before G&A in this segment was $3,384,000, an increase of $438,000 versus $2,946,000 in the same period last year. Net operating income was $3,756,000, down $1,347,000 or 26% compared to the same quarter last year as higher revenues were more than offset by a $1,835,000 decrease in unrealized revenues. The unrealized revenue decrease is due to the same quarter last year including a catch-up, minimum royalty payment of $1.9 million that applied to the prior twenty-four months as the tenant failed to meet a production requirement contained in the lease. This revenue was straight-lined over the life of the lease.

    Development Segment Results

    Three months ended September 30
    (dollars in thousands)

    2025

    2024

    Change
    Lease revenue

    $

    301

    297

    4
    Depreciation, depletion and amortization

    43

    43

    –
    Operating expenses

    1,300

    82

    1,218
    Property taxes

    147

    147

    –
    Cost of operations

    1,490

    272

    1,218
    Operating profit before G&A

    $

    (1,189

    )

    25

    (1,214

    )

    With respect to ongoing Development Segment projects:

    • We are the principal capital source to develop 344 residential lots on 110 acres in Harford County, MD. We have funded $27.5 million of our $31.1 million total commitment. A national homebuilder is under contract to purchase all 222 townhome lots and 122 single family lots. At quarter-end, 180 lots have been sold and $24.8 million has been returned to the company of which $6.1 million was booked as profit to the Company.

    • We entered into two new joint venture agreements in early 2024 with Altman Logistics. The first joint venture is a 201,420 square-foot warehouse development project in Lakeland, FL, and the second joint venture is a two building 183,215 square-foot warehouse redevelopment project in Broward County, FL. We closed on both construction loans in March, 2025 and construction commenced in the second quarter of 2025. Substantial completion of both projects is expected in the second quarter of 2026.

    • On May 30, 2025, we secured construction financing for our multifamily joint venture with Woodfield Development, known as Woven. This is our third multifamily project in Greenville, SC. This is an $87.8M project with 214 units and 13,500 square feet of ground floor retail that is eligible to receive South Carolina Textile Rehabilitation Credits upon substantial completion and received Special Source Credits equal to 50% of the real estate taxes for a period of 20 years. The project broke ground during the 3rd quarter and substantial completion of the project is expected in late 2027.

    • On July 23,2025, we entered into a joint venture agreement with Strategic Real Estate Partners (“SREP”), a private real estate development firm which specializes in industrial real estate development, to develop 377,892 square feet in two warehouses in Lake County, Florida near Orlando, with options for investment in additional industrial warehouses on adjacent properties in the future. Substantial completion of the first warehouse is expected in the fourth quarter of 2026,

    • On September 12, 2025, we secured construction financing for the first phase (296 multifamily units and 28,745 square feet of retail) of our Estero joint venture with Woodfield Development, located between Naples and Ft. Myers. Substantial completion is expected late 2027.

    Nine Month Highlights

    • 37% decrease in Net Income ($3.0 million vs $4.7 million) due to $2 million of expenses related to acquiring the Altman Logistics platform. Excluding the $2 million of Altman acquisition expenses, adjusted Net income was down $0.2 million.

    • 1.6% decrease in pro rata NOI ($28.6 million vs $29.0 million). Excluding the $1.9 million payment in last year, adjusted pro rata NOI was up $1.4 million this year.

    • Multifamily segment’s pro rata NOI was up slightly as improved results at Bryant Street, .408 Jackon and The Verge were mostly offset by uncollectable revenue along with higher operating costs and property taxes at the Maren.

    • 9% decrease in Industrial and Commercial revenue and 14% decrease in that segment’s NOI

    • 1.7% decrease in the Mining Royalty Lands’ Segment’s NOI. Excluding the $1.9 million paynent in last year, adjusted pro rata NOI in this segment was up $1.7 million or 18%.

    Comparative Results of Operations for the Nine months ended September 30, 2025 and 2024

    Consolidated Results

    (dollars in thousands)

    Nine Months Ended September 30,

    2025

    2024

    Change

    %
    Revenues:
    Lease revenue

    $

    21,399

    21,850

    $

    (451

    )

    -2.1

    %
    Mining royalty and rents

    10,532

    9,393

    1,139

    12.1

    %
    Total revenues

    31,931

    31,243

    688

    2.2

    %
    Cost of operations:
    Depreciation/depletion/amortization

    8,158

    7,629

    529

    6.9

    %
    Operating expenses

    7,743

    5,429

    2,314

    42.6

    %
    Property taxes

    2,895

    2,517

    378

    15.0

    %
    General and administrative

    7,790

    6,883

    907

    13.2

    %
    Total cost of operations

    26,586

    22,458

    4,128

    18.4

    %
    Total operating profit

    5,345

    8,785

    (3,440

    )

    -39.2

    %
    Net investment income

    7,278

    8,795

    (1,517

    )

    -17.2

    %
    Interest expense

    (2,258

    )

    (2,482

    )

    224

    -9.0

    %
    Equity in loss of joint ventures

    (6,635

    )

    (8,582

    )

    1,947

    -22.7

    %
    Income before income taxes

    3,730

    6,516

    (2,786

    )

    -42.8

    %
    Provision for income taxes

    907

    1,743

    (836

    )

    -48.0

    %
    Net income

    2,823

    4,773

    (1,950

    )

    -40.9

    %
    Income (loss) attributable to noncontrolling interest

    (127

    )

    67

    (194

    )

    -289.6

    %
    Net income attributable to the Company

    $

    2,950

    $

    4,706

    $

    (1,756

    )

    -37.3

    %

    Net income for the first nine months of 2025 was $2,950,000 or $.16 per share versus $4,706,000 or $.25 per share in the same period last year. Excluding the $2 million of Altman acquisition expenses, adjusted Net Income was down $231,000. Pro rata NOI for the first nine months of 2025 was $28,575,000 versus $29,036,000 in the same period last year. Excluding the $1.9 million payment in last year, adjusted pro rata NOI was up $1.4 million this year. The first nine months of 2025 were impacted by the following items:

    • Operating profit decreased $3,440,000 primarily due to $1,993,000 of expenses related to the Altman Logistics platform acquisition and higher General and administrative expense ($907,000). General and administrative expense increased primarily due to overlapping compensation as a result of the implementation of our executive succession and transition plan that commenced in June, 2024. Industrial and commercial segment operating profit declined $1,057,000 because of a $446,000 increase in depreciation expense from completion of our new Chelsea warehouse, as well as lower occupancy due to a tenant default and non-renewing leases. Mining Royalty Land’s segment operating profit increased $1,034,000 due to higher royalty revenues and the prior year’s overpayment deduction of $566,000.

    • Net investment income decreased $1,517,000 from reduced earnings on cash equivalents ($1,303,000) and reduced income from our lending ventures ($214,000) primarily due to fewer residential lot sales.

    • Interest expense decreased $224,000 compared to the same period last year as we capitalized $215,000 more interest. More interest was capitalized due to increased in-house and joint venture projects under development this quarter compared to last year.

    • Equity in loss of Joint Ventures improved $1,947,000 because of improved results at our unconsolidated joint ventures. Results improved at The Verge ($517,000) due to lower rent concessions, improved occupancy and lower interest expense, and also at Bryant Street ($911,000) and BC Realty ($623,000) because of higher revenues and lower variable rate interest expense.

    Multifamily Segment (Pro rata consolidated and pro rata unconsolidated)

    For ease of comparison all the figures in the tables below include the results for The Verge from prior periods (when this project was still in our Development segment).

    Nine months ended September 30
    (dollars in thousands)

    2025

    %

    2024

    %

    Change

    %
    Lease revenue

    $

    25,238

    100.0

    %

    24,222

    100.0

    %

    1,016

    4.2

    %
    Depreciation and amortization

    10,020

    39.7

    %

    10,042

    41.5

    %

    (22

    )

    -.2

    %
    Operating expenses

    8,158

    32.3

    %

    7,913

    32.7

    %

    245

    3.1

    %
    Property taxes

    2,999

    11.9

    %

    2,666

    11.0

    %

    333

    12.5

    %
    Cost of operations

    21,177

    83.9

    %

    20,621

    85.1

    %

    556

    2.7

    %
    Operating profit before G&A

    $

    4,061

    16.1

    %

    3,601

    14.9

    %

    460

    12.8

    %
    Depreciation and amortization

    10,020

    10,042

    (22

    )
    Unrealized rents & other

    (144

    )

    248

    (392

    )
    Net operating income

    $

    13,937

    55.2

    %

    13,891

    57.3

    %

    46

    .3

    %

    The combined consolidated and unconsolidated pro rata net operating income this quarter for this segment was $13,937,000, up $46,000 compared to $13,891,000 in the same period last year. The NOI increase was primarily due to improved results at Bryant Street, .408 Jackson, and The Verge mostly offset by underperformance at Maren due to increased uncollectable revenue along with higher operating costs and property taxes.

     
    Apartment Building

    Units
    Pro rata NOI
    YTD 2025
    Pro rata NOI
    YTD 2024

    Avg. Occupancy YTD 2025

    Avg. Occupancy YTD 2024

    Renewal Success Rate YTD 2025

    Renewal % increase YTD 2025
    Dock 79 Anacostia DC

    305

    $

    2,838,000

    $

    2,842,000

    95.0

    %

    94.1

    %

    69.3

    %

    3.8

    %
    Maren Anacostia DC

    264

    $

    2,541,000

    $

    2,820,000

    93.8

    %

    94.5

    %

    55.1

    %

    3.9

    %
    Riverside Greenville

    200

    $

    650,000

    $

    682,000

    92.6

    %

    93.6

    %

    56.3

    %

    4.9

    %
    Bryant Street DC

    487

    $

    4,730,000

    $

    4,588,000

    93.5

    %

    91.9

    %

    58.8

    %

    2.4

    %
    .408 Jackson Greenville

    227

    $

    1,076,000

    $

    1,000,000

    94.9

    %

    94.6

    %

    59.0

    %

    4.0

    %
    Verge Anacostia DC

    344

    $

    2,102,000

    $

    1,959,000

    92.9

    %

    89.7

    %

    67.6

    %

    2.5

    %
    Multifamily Segment

    1,827

    $

    13,937,000

    $

    13,891,000

    93.7

    %

    92.7

    %

    Multifamily Segment (Consolidated – Dock 79 and The Maren)

    Nine months ended September 30
    (dollars in thousands)

    2025

    %

    2024

    %

    Change

    %
    Lease revenue

    $

    16,547

    100.0

    %

    16,592

    100.0

    %

    (45

    )

    -.3

    %
    Depreciation and amortization

    5,932

    35.8

    %

    5,947

    35.9

    %

    (15

    )

    -.3

    %
    Operating expenses

    4,875

    29.5

    %

    4,553

    27.4

    %

    322

    7.1

    %
    Property taxes

    1,919

    11.6

    %

    1,665

    10.0

    %

    254

    15.3

    %
    Cost of operations

    12,726

    76.9

    %

    12,165

    73.3

    %

    561

    4.6

    %
    Operating profit before G&A

    $

    3,821

    23.1

    %

    4,427

    26.7

    %

    (606

    )

    -13.7

    %

    Total revenues for our two consolidated joint ventures were $16,547,000, an increase of $45,000 versus $16,592,000 in the same period last year. Total operating profit before G&A for the consolidated joint ventures was $3,821,000, a decrease of $606,000, or 14% versus $4,427,000 in the same period last year primarily due to higher operating expenses ($322,000) and property taxes ($254,000).

    Multifamily Segment (Pro rata unconsolidated)

    Our Multifamily Segment has four unconsolidated joint ventures (Bryant Street, The Verge, Riverside, and .408 Jackson). Riverside was moved from the Development segment to the Multifamily segment in 2022, Bryant Street and .408 Jackson moved as of the beginning of 2024 and The Verge moved effective July 1, 2024, each upon reaching lease up stabilization.

     

    Nine months ended September 30
    (dollars in thousands)

    2025

    %

    2024

    %

    Change

    %
    Lease revenue

    $

    16,225

    100.0

    %

    15,180

    100.0

    %

    1,045

    6.9

    %
    Depreciation and amortization

    6,768

    41.7

    %

    6,783

    44.7

    %

    (15

    )

    -.2

    %
    Operating expenses

    5,560

    34.3

    %

    5,437

    35.8

    %

    123

    2.3

    %
    Property taxes

    1,954

    12.0

    %

    1,761

    11.6

    %

    193

    11.0

    %
    Cost of operations

    14,282

    88.0

    %

    13,981

    92.1

    %

    301

    2.2

    %
    Operating profit

    $

    1,943

    12.0

    %

    1,199

    7.9

    %

    744

    62.1

    %

    For our four unconsolidated joint ventures, pro rata revenues were $16,225,000, an increase of $1,045,000 or 7% compared to $15,180,000 in the same period last year. Pro rata operating profit before G&A was $1,943,000, an increase of $744,000, or 62% versus $1,199,000 in the same period last year. The increase was due to lease up at The Verge and higher revenues at Bryant Street and .408 Jackson.

    Industrial and Commercial Segment

    Nine months ended September 30
    (dollars in thousands)

    2025

    %

    2024

    %

    Change

    %
    Lease revenue

    $

    3,950

    100.0

    %

    4,353

    100.0

    %

    (403

    )

    (9.3

    %)
    Depreciation and amortization

    1,529

    38.7

    %

    1,083

    24.8

    %

    446

    41.2

    %
    Operating expenses

    687

    17.4

    %

    591

    13.6

    %

    96

    16.2

    %
    Property taxes

    307

    7.8

    %

    195

    4.5

    %

    112

    57.4

    %
    Cost of operations

    2,523

    63.9

    %

    1,869

    42.9

    %

    654

    35.0

    %
    Operating profit before G&A

    $

    1,427

    36.1

    %

    2,484

    57.1

    %

    (1,057

    )

    (42.6

    %)
    Depreciation and amortization

    1,529

    1,083

    446
    Unrealized revenues

    97

    (12

    )

    109
    Net operating income

    $

    3,053

    77.3

    %

    $

    3,555

    81.7

    %

    $

    (502

    )

    (14.1

    %)

    Total revenues in this segment were $3,950,000, down $403,000 or 9%, over the same period last year. Operating profit before G&A was $1,427,000, down $1,057,000 or 43% from $2,484,000 in the same period last year due to $432,000 of depreciation and $70,000 of operating costs at our spec Chelsea warehouse placed in service in April, a write-off of $118,000 unrealized rent receivable and $34,000 deferred leasing commission related to a tenant that defaulted, and the related lower occupancy. Net operating income in this segment was $3,053,000, down $502,000 or 14% compared to the same period last year.

    Mining Royalty Lands Segment Results

    Nine months ended September 30
    (dollars in thousands)

    2025

    %

    2024

    %

    Change

    %
    Mining royalty and rent revenue

    $

    10,532

    100.0

    %

    9,393

    100.0

    %

    1,139

    12.1

    %
    Depreciation, depletion and amortization

    568

    5.4

    %

    471

    5.0

    %

    97

    20.6

    %
    Operating expenses

    49

    0.5

    %

    53

    0.6

    %

    (4

    )

    -7.5
    Property taxes

    226

    2.1

    %

    214

    2.3

    %

    12

    5.6

    %
    Cost of operations

    843

    8.0

    %

    738

    7.9

    %

    105

    14.2

    %
    Operating profit before G&A

    $

    9,689

    92.0

    %

    8,655

    92.1

    %

    1,034

    11.9

    %
    Depreciation and amortization

    568

    471

    97
    Unrealized revenues

    448

    1,765

    (1,317

    )
    Net operating income

    $

    10,705

    101.6

    %

    $

    10,891

    115.9

    %

    $

    (186

    )

    (1.7

    %)

    Total revenues in this segment were $10,532,000, an increase of $1,139,000 or 12% versus $9,393,000 in the same period last year. Royalty revenues in the prior year were impacted by the deduction of royalties to resolve an $842,000 overpayment which we referenced previously. Through the nine months of last year, the tenant withheld $619,000 in royalties otherwise due to the Company. Royalty tons were down 5% primarily due to a decrease at one location that had one-time project specific rail shipments in the prior year. The revenue reduction from the decreased volume was more than offset by increased royalties per ton (up 10.6% excluding the prior year payment deduction) along with the overpayment reduction in the prior year. Total operating profit before G&A in this segment was $9,689,000, an increase of $1,034,000 versus $8,655,000 in the same period last year. Net operating income in this segment was $10,705,000, down $186,000 or 2% compared to the same period last year as higher revenues were more than offset by a $1,317,000 decrease in unrealized revenues (see discussion in the Mining segment’s quarterly analysis.

    Development Segment Results

    Nine months ended September 30
    (dollars in thousands)

    2025

    2024

    Change
    Lease revenue

    $

    902

    905

    (3

    )
    Depreciation, depletion and amortization

    129

    128

    1
    Operating expenses

    2,132

    232

    1,900
    Property taxes

    443

    443

    –
    Cost of operations

    2,704

    803

    1,901
    Operating profit before G&A

    $

    (1,802

    )

    102

    (1,904

    )

    FRP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED BALANCE SHEETS
    (In thousands, except share data)

    Assets:

    September 30
    2025

    December 31
    2024
    Real estate investments at cost:
    Land

    $

    180,121

    168,943
    Buildings and improvements

    308,807

    283,421
    Projects under construction

    29,548

    32,770
    Total investments in properties

    518,476

    485,134
    Less accumulated depreciation and depletion

    85,746

    77,695
    Net investments in properties

    432,730

    407,439
    Real estate held for investment, at cost

    12,484

    11,722
    Investments in joint ventures

    143,298

    153,899
    Net real estate investments

    588,512

    573,060
    Cash and cash equivalents

    134,853

    148,620
    Cash held in escrow

    966

    1,315
    Accounts receivable, net

    1,560

    1,352
    Federal and state income taxes receivable

    961

    –
    Unrealized rents

    1,262

    1,380
    Deferred costs

    2,509

    2,136
    Other assets

    637

    622
    Total assets

    $

    731,260

    728,485
    Liabilities:
    Secured notes payable

    $

    185,338

    178,853
    Accounts payable and accrued liabilities

    9,365

    6,026
    Other liabilities

    1,487

    1,487
    Federal and state income taxes payable

    –

    611
    Deferred revenue

    2,973

    2,437
    Deferred income taxes

    67,655

    67,688
    Deferred compensation

    1,508

    1,465
    Tenant security deposits

    738

    805
    Total liabilities

    269,064

    259,372
    Commitments and contingencies
    Equity:
    Common stock, $.10 par value
    25,000,000 shares authorized,
    19,109,234 and 19,046,894 shares issued
    and outstanding, respectively

    1,911

    1,905
    Capital in excess of par value

    70,558

    68,876
    Retained earnings

    355,217

    352,267
    Accumulated other comprehensive income, net

    32

    55
    Total shareholders’ equity

    427,718

    423,103
    Noncontrolling interests

    34,478

    46,010
    Total equity

    462,196

    469,113
    Total liabilities and equity

    $

    731,260

    728,485

    Non-GAAP Financial Measures.

    To supplement the financial results presented in accordance with GAAP, FRP presents certain non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. We believe these non-GAAP measures provide useful information to our Board of Directors, management and investors regarding certain trends relating to our financial condition and results of operations. Our management uses these non-GAAP measures to compare our performance to that of prior periods for trend analyses, purposes of determining management incentive compensation and budgeting, forecasting and planning purposes. We provide Pro rata net operating income (NOI) because we believe it assists investors and analysts in estimating our economic interest in our consolidated and unconsolidated partnerships, when read in conjunction with our reported results under GAAP. In this quarter, we provided an adjusted Net Income to adjust for the impact of one-time expenses of the Altman Logistics acquisition, which is a material business combination unlike our historical real estate acquisitions or joint ventures where expenses are capitalized. We also provided adjusted net operating income to adjust for the impact of the one-time material royalty payment in the third quarter of 2024 to better depict the comparable results in both the quarter and year to date. Management believes these adjustments provide a more accurate comparison of our on-going business operations and results over time due to the non-recurring, material and unusual nature of these two specific items. These measures are not, and should not be viewed as, a substitute for GAAP financial measures. For ease of comparison all the figures in the tables below include the results for The Verge in the Multifamily segment for all periods shown.

    Pro rata Net Operating Income Reconciliation
    Nine months ending9/30/25 (in thousands)
    Industrial and
    Commercial
    Segment
    Development
    Segment
    Multifamily
    Segment
    Mining
    Royalties
    Segment
    Unallocated
    Corporate
    Expenses
    FRP
    Holdings
    Totals
    Net income (loss)

    $

    1,092

    948

    (3,940

    )

    7,385

    (2,662

    )

    2,823
    Income tax allocation

    335

    291

    (1,221

    )

    2,269

    (767

    )

    907
    Income (loss) before income taxes

    1,427

    1,239

    (5,161

    )

    9,654

    (3,429

    )

    3,730
    Less:
    Unrealized rents

    –

    –

    –

    –
    Interest income

    2,782

    10

    4,486

    7,278
    Plus:
    Unrealized rents

    97

    –

    20

    448

    –

    565
    Professional fees

    1,975

    114

    2,089
    Equity in loss of joint ventures

    –

    (259

    )

    6,859

    35

    6,635
    Interest expense

    –

    –

    2,133

    –

    125

    2,258
    Depreciation/amortization

    1,529

    129

    5,932

    568

    8,158
    General and administrative

    –

    –

    –

    –

    7,790

    7,790
    Net operating income (loss)

    3,053

    302

    9,887

    10,705

    –

    23,947
    NOI of noncontrolling interest

    (4,508

    )

    (4,508

    )
    Pro rata NOI from unconsolidated joint ventures

    578

    8,558

    9,136
    Pro rata net operating income

    $

    3,053

    880

    13,937

    10,705

    –

    28,575
     
    Pro rata Net Operating Income Reconciliation
    Nine months ended 09/30/24 (in thousands)
    Industrial and
    Commercial
    Segment
    Development
    Segment
    Multifamily
    Segment
    Mining
    Royalties
    Segment
    Unallocated
    Corporate
    Expenses
    FRP
    Holdings
    Totals
    Net income (loss)

    $

    1,222

    (2,498

    )

    (3,951

    )

    5,884

    4,116

    4,773
    Income tax allocation

    376

    (767

    )

    (1,224

    )

    1,808

    1,550

    1,743
    Income (loss) before income taxes

    1,598

    (3,265

    )

    (5,175

    )

    7,692

    5,666

    6,516
    Less:
    Unrealized rents

    12

    –

    –

    –

    –

    12
    Interest income

    2,995

    5,800

    8,795
    Plus:
    Unrealized rents

    –

    –

    –

    1,765

    –

    1,765
    Professional fees

    –

    –

    15

    –

    –

    15
    Equity in loss of joint ventures

    –

    2,081

    6,466

    35

    –

    8,582
    Interest expense

    –

    –

    2,348

    –

    134

    2,482
    Depreciation/amortization

    1,083

    128

    5,947

    471

    –

    7,629
    General and administrative

    886

    4,281

    788

    928

    –

    6,883
    Net operating income (loss)

    3,555

    230

    10,389

    10,891

    –

    25,065
    NOI of noncontrolling interest

    –

    –

    (4,727

    )

    –

    –

    (4,727

    )
    Pro rata NOI from unconsolidated joint ventures

    –

    469

    8,229

    –

    –

    8,698
    Pro rata net operating income

    $

    3,555

    699

    13,891

    10,891

    –

    29,036

    THREE MONTHS ENDED

    NINE MONTHS ENDED

    SEPTEMBER 30

    SEPTEMBER 30

    2025

    2024

    2025

    2024
    Reconciliation of net Income to adjusted net income:
    Net income attributable to the Company

    $

    662

    $

    1,361

    $

    2,950

    $

    4,706
    Adjustments related to Altman acquisition expenses:
    Operating expenses

    1,263

    –

    1,975

    –
    General and administrative

    18

    –

    18

    –
    Total adjustments to net income before income taxes

    1,281

    –

    1,993

    –
    Income tax effect on non-GAAP adjustment

    (301

    )

    –

    (468

    )

    –
    Adjusted net income attributable to the Company

    $

    1,642

    $

    1,361

    $

    4,475

    $

    4,706
    Reconciliation of NOI to adjusted NOI:
    Pro rata net operating income

    $

    9,523

    $

    11,272

    $

    28,575

    $

    29,036
    Minimum royalty payment applicable to prior 24 months

    –

    (1,853

    )

    –

    (1,853

    )
    Adjusted pro rata net operating income

    $

    9,523

    $

    9,419

    $

    28,575

    $

    27,183

    Conference Call

    The Company will host a conference call on Thursday, November 6, 2025 at 9:00 a.m. (EDT). Analysts, stockholders and other interested parties may access the teleconference live by calling 1-800-343-4849 (passcode 83364) within the United States. International callers may dial 1-203-518-9848 (passcode 83364). Audio replay will be available until November 20, 2025 by dialing 1-800-839-2389 within the United States. International callers may dial 1-402-220-7204. No passcode needed. An audio replay will also be available on the Company’s website under investors, financials, quarterly results (https://investors.frpdev.com/quarterly-reports) following the call.

    Additional Information

    Our investor relations website is https://investors.frpdev.com and we encourage investors to use it as a way of easily finding information about us. We promptly make available on this website, free of charge, the reports that we file or furnish with the SEC, press releases, quarterly earnings presentations, investor presentations, and corporate governance information, which may contain material information about us, and you may subscribe to Email Alerts to be notified of new information posted to this site.

    Investors are cautioned that any statements in this press release which relate to the future are, by their nature, subject to risks and uncertainties that could cause actual results and events to differ materially from those indicated in such forward-looking statements. These include, but are not limited to: the possibility that we may be unable to find appropriate investment opportunities; levels of construction activity in the markets served by our mining properties; demand for flexible warehouse/office facilities in the MidAtlantic and Florida; multifamily demand in Washington D.C. and Greenville, South Carolina; our ability to obtain zoning and entitlements necessary for property development; the impact of lending and capital market conditions on our liquidity; our ability to finance projects or repay our debt; general real estate investment and development risks; vacancies in our properties; risks associated with developing and managing properties in partnership with others; competition; our ability to renew leases or re-lease spaces as leases expire; illiquidity of real estate investments; bankruptcy or defaults of tenants; the impact of restrictions imposed by our credit facility; the level and volatility of interest rates; environmental liabilities; inflation risks; cybersecurity risks; as the impact of tariffs on our industrial tenants and construction costs; well as other risks listed from time to time in our SEC filings; including but not limited to; our annual and quarterly reports. We have no obligation to revise or update any forward-looking statements, other than as imposed by law, as a result of future events or new information. Readers are cautioned not to place undue reliance on such forward-looking statements.

    FRP Holdings, Inc. is a holding company engaged in the real estate business, namely (i) leasing and management of commercial properties owned by the Company, (ii) leasing and management of mining royalty land owned by the Company, (iii) real property acquisition, entitlement, development and construction primarily for apartment, retail, warehouse, and office, and (iv) leasing and management of residential apartment buildings.

    Contact: Matthew C. McNulty

    Chief Financial Officer

    904/858-9100

    SOURCE: FRP Holdings, Inc.

    View the original press release on ACCESS Newswire

  • Mentavi Health Introduces “Mentavi Concierge” – Setting a New Standard for Responsible AI in Digital Health

    Mentavi Health Introduces “Mentavi Concierge” – Setting a New Standard for Responsible AI in Digital Health

    Built for trust and compliance, the AI support assistant streamlines intake and routes visitors and patients to human‑led care.

    GRAND RAPIDS, MICHIGAN / ACCESS Newswire / November 11, 2025 / Mentavi Health, a leader in evidence-based digital mental health care, has launched Mentavi Concierge, its next-generation AI support assistant that enhances the digital health journey of visitors and patients while keeping human clinicians at the center of care.

    Mentavi Concierge represents the company’s belief in the ethical use of AI: as a powerful tool for access, efficiency, and personalization – but never as a replacement for human clinical judgment or care. Mentavi continues to exclusively use licensed human psychologists for diagnosis and human clinicians for treatment.

    “Our leverage of AI is aimed at providing enhanced customer efficiencies and experiences as we continue to scale – and complements, not replaces, the work of our staff,” said Keith Brophy, CEO of Mentavi Health. “This technology, the way we are implementing it, is patient-lifting, not job-replacing.”

    Enhancing Patient Access and Confidence

    Mentavi Concierge assists individuals at the earliest stage of their mental health journey – when they are exploring services, seeking clarity, and often waiting for human support. It provides immediate, accurate answers to questions such as:

    • “What services are available in my state?”

    • “How does the diagnostic process work?”

    • “What happens if I find out I have ADHD?”

    Mentavi Concierge offers patients an interactive, trustworthy experience on the Mentavi website, guiding them toward human-led evaluation and care while staying strictly within regulatory boundaries.

    “Patients today want the easy access of online care,” Brophy added. “But they also want the reassurance that committed humans remain front and center. We built Mentavi Concierge to reflect that balance.”

    Built for Trust, Safety, and Compliance

    Mentavi’s development team designed Mentavi Concierge using proprietary, self-hosted AI infrastructure built on advanced agentic frameworks. The application runs within Mentavi’s HIPAA-compliant environment, avoiding the risks associated with third-party AI integrations.

    From the outset, the system was architected with patient safety and regulatory compliance as non-negotiable priorities. Mentavi Concierge does not engage in clinical dialogue, nor does it provide treatment recommendations, and it will defer to Mentavi’s human clinicians for diagnostic and therapeutic guidance.

    “We are excited about taking a significant step toward improving healthcare journeys with a responsible AI framework,” said Angie Lillie, chief compliance officer at Mentavi. “This aligns with the growing body of state and federal regulations around the ethical use of AI in healthcare.”

    A Proven Foundation of Clinical Rigor

    The introduction of Mentavi Concierge follows Mentavi’s recently published peer-reviewed clinical trial in the Journal of Clinical Psychiatry, which validated the company’s asynchronous online diagnostic assessment for ADHD in adults. The study confirmed that Mentavi’s digital-first diagnostic approach delivers outcomes consistent with in-person evaluations – a landmark in the evolution of telehealth standards.

    “Technology and human care must evolve together,” said Steve Goulet, VP of product and technology and Chair of Mentavi’s AI Ethics and Governance Committee. “Our long-term vision is to create a seamless, supportive digital experience – where AI enhances, but never replaces, the human connection.”

    About Mentavi Health
    Founded in 2018 as ADHD Online, and recognized as one of Michigan’s “50 Companies to Watch,” Mentavi Health provides evidence-based, compliant online mental health care nationwide. Its clinically validated Diagnostic Evaluation for diagnosing adult ADHD serves as the foundation for assessing anxiety, depression, OCD, and related conditions. Mentavi delivers affordable, high-quality care through licensed clinicians, offering diagnostic evaluations, therapy, medical treatment, and mental wellness coaching. Guided by clinical rigor, accessibility, compliance, and trust, Mentavi is redefining how people connect to quality mental health care. Learn more at mentavi.com.

    Contact Information

    Tim Cox
    ZingPR for Mentavi Health
    tim@zingpr.com

    .

    SOURCE: Mentavi Health

    Related Images

    Mentavi Health logo
    Mentavi Health logo
    Founded in 2018 as ADHD Online, and recognized as one of Michigan’s “50 Companies to Watch,” Mentavi Health provides evidence-based, compliant online mental health care nationwide.

    View the original press release on ACCESS Newswire

  • Shaun Torrente and STR Powerboats, Supported by Nautical Ventures, Crowned Super Stock Offshore World Champions

    Shaun Torrente and STR Powerboats, Supported by Nautical Ventures, Crowned Super Stock Offshore World Champions

    MONTREAL, QC / ACCESS Newswire / November 11, 2025 / Nautical Ventures, a subsidiary of Vision Marine Technologies Inc. (NASDAQ:VMAR) (“Vision Marine” or the “Company”), proudly congratulates its sponsored driver Shaun Torrente, who captured the superstock crown with its overall victory at the 44th Annual Race World Offshore Key West World Championships this past weekend in the Florida Keys.

    Competing in the Super Stock Class, Torrente-alongside throttleman Matt Jamniczky-delivered commanding performances throughout the four-day event, ultimately securing the world title against a highly competitive international field. Racing under the Nautical Ventures banner, the team’s win reflects the precision, drive, and technical excellence that define both Nautical Ventures and Vision Marine.

    Torrente’s victory carries special significance this season. Racing with a newly developed hull from STR Powerboats, he demonstrated remarkable tenacity and perseverance early in the year, working through the development challenges of the new design. Against all odds, Torrente refined his setup, adapted through setbacks, and ultimately achieved the highest distinction in offshore powerboat racing. His performance embodies the same determination and continuous improvement that anchor Nautical Ventures’ culture across its Florida network.

    Beyond racing, Torrente maintains a close and ongoing collaboration with Vision Marine’s engineering teams. The Florida-based world champion piloted Vision Marine’s all-electric powerboat to the world speed record of 116 mph at the Lake of the Ozarks Shootout in 2023-setting the benchmark for electric speed on water. Through his company STR Performance, Torrente continues to work with Vision Marine on electric performance optimization projects, including the Sterk 31E, a dual E-Motion™ 180E high-voltage powertrain integration combining German design, American engineering, and STR’s race-bred jackplate technology.

    “This championship highlights the shared pursuit of excellence that connects our brands,” said Alexandre Mongeon, Co-Founder and CEO of Vision Marine Technologies. “Shaun’s perseverance throughout this season-facing challenges, adapting, and ultimately succeeding-is the same spirit that drives our teams every day, from the engineering floor to the retail showroom.”

    “This championship couldn’t have been achieved without the continued support of Nautical Ventures and Vision Marine,” said Shaun Torrente, World Champion Offshore Racer and Founder of STR Performance. “Their shared vision of performance and innovation, and their commitment to stand behind us through the season, made this possible. It’s a partnership driven by a common goal-to push the limits of what’s possible on the water.”

    The Key West World Championships are regarded as the pinnacle of offshore racing, drawing top teams from around the world. For Nautical Ventures, supporting Shaun Torrente’s journey and ultimate victory underscores its commitment to performance, innovation, and the evolving future of boating.

    About Vision Marine Technologies Inc.

    Vision Marine Technologies Inc. (NASDAQ:VMAR) epitomizes the marine industry’s shift toward integrated propulsion and premium boating experiences. Through its pioneering E-Motion™ high-voltage electric powertrain system and its retail subsidiary Nautical Ventures-an award-winning dealership network with nine locations across Florida-Vision Marine combines technology, distribution, and service to deliver a superior on-water experience across both electric and internal combustion engine segments.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements relating to the Company’s expectations regarding ongoing corporate matters and strategic initiatives. These statements involve risks and uncertainties that could cause actual results to differ materially. Vision Marine assumes no obligation to update any forward-looking statements as a result of new information or future events.

    Investor and Company Contact:
    Vision Marine Technologies Inc.
    Bruce Nurse
    (303) 919-2913
    bn@v-mti.com

    Website: visionmarinetechnologies.com
    Twitter: @marine_vision
    Facebook: @VisionMarineTechnologies
    Instagram: @visionmarine.technologies
    YouTube: @VisionMarineTechnologies

    SOURCE: Vision Marine Technologies Inc

    View the original press release on ACCESS Newswire

  • Lifetime Products Launches NBA and WNBA Basketball Hoops Through Multiyear Partnership

    Lifetime Products Launches NBA and WNBA Basketball Hoops Through Multiyear Partnership

    The first-ever full-size NBA and WNBA team branded basketball hoops available for home play, expanding the game’s reach beyond the arena.

    CLEARFIELD, UTAH / ACCESS Newswire / November 7, 2025 / For the first time ever, basketball fans can bring home officially licensed team NBA and WNBA full-size hoops, thanks to a new multiyear partnership between Lifetime Products – the top-selling basketball system brand in the U.S. – and the National Basketball Association (NBA) and Women’s National Basketball Association (WNBA). This collaboration unites two of the world’s premier basketball organizations with the company that pioneered the portable, height-adjustable basketball system, an innovation that enabled generations of kids, youth, and adults to play basketball in their driveways and around the home.

    Lifetime, NBA, and WNBA
    Lifetime, NBA, and WNBA
    Basketball Partnership between Lifetime Products and the NBA and WNBA

    In the U.S. and Canada, Lifetime has the exclusive rights to bring full-size basketball systems bearing league and team marks to every home court. The initial collection features full-size backboard designs for all NBA teams and WNBA teams, the first time such product has been available. “Since creating the first portable, adjustable hoop, Lifetime Products has been committed to making basketball accessible to families and communities everywhere,” said BJ Haacke, President and CEO of Lifetime Products. “Joining forces with the NBA and WNBA underscores our shared dedication to growing the game at every level and inspiring the next generation of players.”

    “The NBA and WNBA’s ability to bring people of all ages and backgrounds together through the sport is unmatched,” added Barry Mower, Founder of Lifetime Products. “This partnership gives us the opportunity to deliver even more meaningful and high-quality basketball experiences to fans, both at home and in their communities.”

    “Lifetime Products is an industry leader in delivering high-quality recreational equipment,” said Brian Keegan, NBA Head of Trading Cards, Memorabilia & Hardgoods. “This collaboration gives fans nationwide best-in-class basketball hoops to enjoy at home while proudly supporting their favorite NBA and WNBA teams.” The rollout of team-specific hoops is only the beginning, with additional basketball product innovations planned for the coming years. These hoops will include full-size portable and in-ground options. Fans will see the partnership come to life at tentpole league events including NBA All-Star as well as through community programs. These hoops will be available on Lifetime.com as well as through many major retailers in the U.S. and Canada.

    About Lifetime Products
    Founded in 1986 and headquartered in Clearfield, Utah, Lifetime Products is the top-selling basketball system brand in the U.S. and one of the largest manufacturers of basketball hoops in the world. The company began in a backyard with the goal of building a better basketball system. Nearly four decades later, Lifetime has become the world’s leading manufacturer of residential basketball hoops and blow-molded polyethylene folding tables and chairs. Lifetime also produces outdoor sheds, composters, playground equipment, kayaks, coolers, and more. Today, Lifetime products are sold in more than 125 countries worldwide. Learn more at www.lifetime.com.

    Contact Information

    Landon Southwick
    Public Relations Manager
    lsouthwick@lifetime.com
    801-725-6133

    .

    SOURCE: Lifetime Products

    Related Images

    NBA Hoop
    NBA Hoop
    Portable NBA Basketball Hoop
    OKC Thunder Team Hoop
    OKC Thunder Team Hoop
    OKC Thunder Team Hoop
    NY Liberty Team Hoop
    NY Liberty Team Hoop
    NY Liberty Team Hoop

    View the original press release on ACCESS Newswire

  • Elite Visa Thailand Reports Surge in Inquiries from TOKEN2049 Attendees Seeking Long-Term Residency

    Elite Visa Thailand Reports Surge in Inquiries from TOKEN2049 Attendees Seeking Long-Term Residency

    Bangkok, Thailand – November 10, 2025 – PRESSADVANTAGE –

    Elite Visa Thailand Co., Ltd. has reported a significant increase in inquiries from high-net-worth individuals and digital entrepreneurs who attended TOKEN2049, one of Asia’s largest cryptocurrency and Web3 conferences. The surge in interest reflects growing demand among global investors and tech founders for long-term residency options in Thailand. For more information about the Thailand Elite Visa program and membership options, interested parties can visit https://www.siam-legal.com/thailand-visa/thai-elite-visa.php.

    The annual TOKEN2049 event attracts thousands of blockchain professionals, venture capitalists, and digital asset entrepreneurs from around the world. Many attendees are exploring residency options in Asia that align with their mobile lifestyles and business interests. The Thailand Elite Visa program has emerged as a particularly attractive option for this demographic, offering multi-year residence permits ranging from five to twenty years.

    “The interest from TOKEN2049 participants demonstrates Thailand’s growing appeal as a destination for international entrepreneurs and investors in the digital economy,” said Rex Baay, spokesperson for Elite Visa Thailand Co., Ltd. “These individuals are looking for stability, quality infrastructure, and a welcoming environment for their businesses and families. The Thailand Elite Visa program addresses these needs while providing additional benefits like airport concierge services and expedited immigration processing.”

    Thailand has been positioning itself as a crypto-friendly hub in Southeast Asia, with clear regulatory frameworks and a progressive approach to digital assets. The country’s strategic location, modern infrastructure, and high quality of life have made it increasingly attractive to expatriates working in the technology and finance sectors. The Thailand Elite Visa program complements these advantages by offering long-term residence security without the complexity of traditional visa renewals.

    The program offers five membership tiers: Bronze, Gold, Platinum, Diamond, and Reserve, with fees ranging from 650,000 THB to 5 million THB and residency validity from 5 to 20 years. Each tier provides exclusive privileges such as VIP airport greeting and escort services, fast-track immigration processing, and access to a dedicated Elite Personal Assistant, making it an ideal choice for frequent travelers, executives, and entrepreneurs seeking a seamless and elevated long-term stay in Thailand.

    The spike in inquiries during and after TOKEN2049 indicates a broader trend of digital nomads and crypto professionals seeking stable bases in Asia. Many are drawn to Thailand’s combination of modern amenities, tropical climate, and relatively low cost of living compared to other regional financial centers. The Thailand Elite Visa program provides the legal framework for these individuals to establish long-term residence while maintaining their international business activities. See more information here: https://www.elitevisa.com/.

    Elite Visa Thailand Co., Ltd. serves as an authorized General Sales and Services Agent for Thailand Privilege memberships. The company specializes in immigration services for individuals seeking extended stays in Thailand, offering comprehensive support throughout the application process. With expertise in various membership categories and immigration regulations, Elite Visa Thailand assists clients in selecting the most appropriate visa solution for their specific needs.

    ###

    For more information about Elite Visa Thailand Co., Ltd., contact the company here:

    Elite Visa Thailand Co., Ltd.
    Rex Baay
    +66 63 242 4608
    info@elitevisa.com
    18th Floor, Unit 1802, Two Pacific Place, 142 Sukhumvit Rd, Khwaeng Khlong Toei, Khlong Toei, Bangkok 10110, Thailand

  • Ginza Diamond Shiraishi Hong Kong Announces Observations on Contemporary Approaches to Engagement Ring Selection and Meaning

    Ginza Diamond Shiraishi Hong Kong Announces Observations on Contemporary Approaches to Engagement Ring Selection and Meaning

    Causeway Bay, HK – November 10, 2025 – PRESSADVANTAGE –

    Ginza Diamond Shiraishi Hong Kong has released new observations on how couples in Hong Kong are approaching the selection and interpretation of the 求婚戒指 (engagement ring) in current times. These insights result from continued client discussions, design consultations, and internal research concerning the evolving cultural and emotional context surrounding engagement jewelry. Ginza Diamond Shiraishi Hong Kong notes that changing relationship dynamics, lifestyle considerations, and shifting aesthetic values have contributed to a broader, more reflective decision-making process for engagement rings.

    Ginza Diamond Shiraishi Hong Kong reports that many couples today approach engagement ring selection with an emphasis on long-term meaning and personal relevance. Rather than focusing primarily on ornamentation or visual impact, discussions often center on how the ring aligns with shared values, durability requirements, daily comfort, and the emotional significance attached to commitment. According to Ginza Diamond Shiraishi Hong Kong, this shift reflects a broader cultural trend in which the symbolic function of jewelry is increasingly shaped by the individual couple’s interpretation rather than external expectations.

    Ginza Diamond Shiraishi 求婚戒指 engagement ring

    Ginza Diamond Shiraishi Hong Kong highlights that interest in Ginza Diamond Shiraishi 求婚戒指 (engagement ring) often involves deeper consideration of heritage, craftsmanship methods, and the connection between design and personal narrative. Ginza Diamond Shiraishi Hong Kong notes that individuals frequently request opportunities to understand how each element, such as diamond shape, ring band form, and metal type, contributes to the piece’s overall meaning. In this context, the engagement ring is viewed as a long-lasting symbol of a relationship rather than an accessory intended solely for decorative display.

    Ginza Diamond Shiraishi Hong Kong observes that material selection remains one of the most discussed aspects of choosing a 求婚戒指 (engagement ring). Platinum is widely preferred for its structural stability and resistance to wear over time. Meanwhile, rose and yellow gold continue to gain interest among clients seeking warmer tones or softer visual impressions. Ginza Diamond Shiraishi Hong Kong states that these preferences align with increased awareness of how jewelry interacts with daily activities, skin tone, and personal style. These considerations frequently arise during private consultations, where clients express interest in understanding how the ring may age, maintain its clarity, and integrate into everyday routines.

    Ginza Diamond Shiraishi Hong Kong also notes that design styles have gradually shifted toward minimal, balanced compositions. While classic solitaire settings remain consistently selected, many couples are now evaluating subtler variations involving refined band silhouettes, understated pavé arrangements, or mixed-metal integration. Ginza Diamond Shiraishi Hong Kong attributes this trend to a growing appreciation for proportion and restraint, with the focus on structural clarity rather than decorative complexity. This shift reflects a preference for understated symbolism and long-term applicability across different life settings.

    Ginza Diamond Shiraishi Hong Kong reports that craftsmanship plays a central role in shaping how engagement rings are perceived and valued. Artisans trained in traditional methods continue to make precise adjustments to ensure wearability, such as refining the band’s curvature and smoothing contact surfaces. This attention to subtle physical details influences how the ring rests on the finger and how it responds to daily motion. Ginza Diamond Shiraishi Hong Kong views this as part of a broader tendency among clients to consider comfort and practicality as meaningful components of commitment symbolism, rather than elements secondary to appearance.

    Ginza Diamond Shiraishi Hong Kong identifies responsible sourcing and transparent supply practices as topics of heightened relevance in engagement ring discussions. Clients regularly inquire about the origins of diamonds and metals, the conditions under which they are extracted, and the standards used to evaluate ethical compliance. Ginza Diamond Shiraishi Hong Kong maintains that adherence to international responsible sourcing principles is increasingly valued as a reflection of alignment between material selection and personal ethics. This development suggests that the engagement ring is regarded not only as a private symbol but also as a representation of shared social awareness.

    Ginza Diamond Shiraishi Hong Kong also recognizes that digital tools have contributed to a more informed decision-making process related to 求婚戒指 (engagement ring) selection. Virtual model previews, detailed visualization of stone measurements, and interactive design simulations enable individuals to evaluate ring dimensions and structural characteristics before physical production. Ginza Diamond Shiraishi Hong Kong notes that these tools do not replace craftsmanship but serve as a means for clients to engage more confidently and thoughtfully with the design process, reducing uncertainty and enhancing clarity in their final choices.

    Ginza Diamond Shiraishi Hong Kong reports that many couples express interest in rings that convey meaning through simplicity. This approach prioritizes clarity of intention rather than visual emphasis. In such cases, the ring becomes a representation of continuity, shared purpose, and the passage of time. Ginza Diamond Shiraishi Hong Kong interprets this trend as part of a broader cultural shift that values stability and depth over external demonstration. In this context, the engagement ring functions as a personal artifact that connects past, present, and future experiences within a partnership.

    Ginza Diamond Shiraishi Hong Kong states that the observed developments in engagement ring preferences reveal a maturing perspective within the Hong Kong market. The 求婚戒指 (engagement ring) is increasingly viewed as a symbolic object shaped by shared meaning, thoughtful choice, and respect for material and structural integrity. Ginza Diamond Shiraishi Hong Kong anticipates continued dialogue and research to ensure that future engagement ring offerings remain aligned with these evolving understandings, preserving the ring’s emotional and cultural significance for years to come.

    For more information, visit:

    https://pressadvantage.com/story/85099-ginza-diamond-shiraishi-hong-kong-presents-contemporary-insights-into-wedding-ring-design-and-crafts

    ###

    For more information about Ginza Diamond Shiraishi Causeway Bay 銀座白石銅鑼灣, contact the company here:

    Ginza Diamond Shiraishi Causeway Bay 銀座白石銅鑼灣
    Mr. Shiraishi
    (852) 2787 0606
    admin@diamond-shiraishi.hk
    Shop G29-30, Fashion Walk, 11-19 Great George Street, Causeway Bay, Hong Kong

  • APS Environmental Expands Dumpster Rental Services for Residential and Commercial Projects

    APS Environmental Expands Dumpster Rental Services for Residential and Commercial Projects

    NORTH HIGHLANDS, CA – November 04, 2025 – PRESSADVANTAGE –

    APS Environmental, a licensed environmental services company serving residential and commercial clients, has expanded its focus on dumpster rental solutions to meet growing demand from homeowners and contractors managing waste disposal for construction, renovation, and cleanup projects.

    The expansion comes as property owners and construction professionals seek reliable waste management partners capable of providing timely delivery and pickup services for projects ranging from home renovations to large-scale construction sites. APS Environmental now offers comprehensive dumpster rentals alongside its established septic, sewer, and hydro excavation services.

    “We recognized that many of our residential and commercial clients needed a trusted partner for waste disposal during their projects,” said B. Hage, operations manager at APS Environmental. “By expanding our dumpster rental offerings, we can provide the same level of professional service our customers expect from us across all their environmental and waste management needs.”

    The company’s dumpster rental service addresses various project requirements, from small residential cleanouts to major construction debris removal. Homeowners undertaking renovations, decluttering projects, or storm damage cleanup can access appropriate container sizes for their specific needs. Similarly, contractors working on demolition, construction, or landscaping projects benefit from flexible rental terms and reliable scheduling.

    APS Environmental maintains its commitment to environmental responsibility through proper waste disposal practices and compliance with local regulations. The company ensures that collected materials are processed according to environmental standards, with recyclable materials diverted from landfills whenever possible.

    The expansion into focused waste container services complements the company’s existing portfolio of environmental solutions. Property owners preparing for home sales can now coordinate multiple services through a single provider, combining septic inspections, sewer line evaluations, and waste removal services as needed.

    Contractors particularly benefit from the integrated service approach, as many construction and renovation projects require both waste disposal solutions and specialized services such as utility locating, hydro excavation for sensitive underground work, or sewer line repairs. This comprehensive capability streamlines project management and reduces coordination complexity.

    The timing of the service expansion aligns with increased construction and renovation activity across residential and commercial sectors. Property improvement projects often generate substantial waste volumes that exceed regular disposal capacity, making professional dumpster rental services essential for maintaining clean, safe work sites.

    APS Environmental operates with license number 985553 and provides 24/7 emergency services for urgent environmental needs. The company specializes in sewer system solutions, septic system services, hydro excavation, trenchless sewer repair, vacuum truck services, pipeline management, and waste management services. Their technical capabilities include CCTV pipe inspections, high-pressure hydro jetting, pipe relining, and specialized cleaning services for grease traps, lift stations, and storm drain systems.

    The company maintains an active presence across multiple service categories, from residential septic tank pumping and leach field rejuvenation to commercial pipeline rehabilitation and municipal sludge management. Their vacuum truck fleet handles various waste removal and transport needs, while their hydro excavation services provide precise, non-destructive digging for utility work and underground infrastructure projects.

    ###

    For more information about APS Environmental, contact the company here:

    APS Environmental
    Bryan Hage
    916-348-2800
    info@apsenvironmental.com
    6643 32nd St #101, North Highlands, CA 95660

  • Network-1 Reports Third Quarter 2025 Results

    Network-1 Reports Third Quarter 2025 Results

    NEW CANAAN, CT / ACCESS Newswire / November 6, 2025 / Network-1 Technologies, Inc. (NYSE American:NTIP), a company specializing in the acquisition, development, licensing, and monetization of its intellectual property assets, today announced financial results for the quarter ended September 30, 2025.

    Network-1 reported no revenue for the three month periods ended September 30, 2025 and 2024. For the nine month periods ended September 30, 2025 and 2024, Network-1 reported revenue of $150,000 and $100,000, respectively. The revenue for the nine months ended September 30, 2025 and 2024 was from settlements of litigation relating to Network-1’s Remote Power Patent.

    Network-1 reported a net loss of $560,000 or $0.02 per share basic and diluted for the three months ended September 30, 2025 compared with a net loss of $316,000 or $0.01 per share basic and diluted for the three months ended September 30, 2024. Included in the net loss is Network-1’s share of the net loss of its equity method investee of $354,000 and $308,000 for the three months ended September 30, 2025 and 2024, respectively

    Network-1 realized a net loss of $1,386,000 or $0.06 per share basic and diluted for the nine months ended September 30, 2025 compared with a net loss of $1,894,000 or $0.08 per share basic and diluted for the nine months ended September 30, 2024. Included in the net loss is Network-1’s share of the net loss of its equity method investee of $1,095,000 and $1,613,000, respectively, during the nine months ended September 30, 2025 and 2024.

    On September 8, 2025, Network-1’s wholly owned subsidiary, HFT Solutions, LLC, commenced patent litigation againstOptiverUS LLC and Optiver Trading US LLC in the United States District Court for the Western District of Texas for infringement of certain patents within the HFT Patent Portfolio. The HFT Patent Portfolio relates to, among other things, technologies used by firms engaged in high frequency trading activities that utilize field-programmable gate array (FPGA) hardware, including clock domain management technology that provides critical transaction latency gains in trading systems where the difference between success and failure may be measured in nanoseconds.

    At September 30, 2025, Network-1 had cash and cash equivalents and marketable securities of $37,097,000 and working capital of $36,856,000. Network-1 believes based on its current cash position it will have sufficient cash to fund its operations for the next twelve months and the foreseeable future.

    During the three months ended September 30, 2025, Network-1 repurchased an aggregate of 56,705 shares of its common stock at an aggregate cost of $78,428 (exclusive of commissions and excise taxes) or an average per share price of $1.38. During the nine months ended September 30, 2025, Network-1 repurchased an aggregate of 208,178 shares of its common stock at an aggregate cost of $280,623 (exclusive of commissions and excise taxes) or an average per share price of $1.35. At September 30, 2025, the remaining dollar value of shares that may be repurchased under the Share Repurchase Program was $4,916,425. Since the inception of the Share Repurchase Program through September 30, 2025, Network-1 has repurchased an aggregate of 10,582,410 shares of its common stock at an aggregate cost of $20,263,978 (exclusive of commissions and excise taxes) or an average per share price of $1.91.

    Network‑1 continues to pay dividends consistent with its dividend policy, which consists of semi-annual cash dividends of $0.05 per share ($0.10 per share annually) which are anticipated to be paid in March and September of each year. On September 5, 2025, the Board of Directors of Network-1 declared a semi-annual cash dividend of $0.05 per common share which was paid on September 29, 2025 to all common stockholders of record as of September 19, 2025. Network-1’s dividend policy undergoes a periodic review by the Board of Directors and is subject to change at any time depending upon Network-1’s earnings, financial requirements and other factors existing at the time.

    ABOUT NETWORK-1 TECHNOLOGIES, INC.

    Network-1 Technologies, Inc. is engaged in the acquisition, development, licensing and protection of its intellectual property and proprietary technologies. Network-1 works with inventors and patent owners to assist in the development and monetization of their patented technologies. Network-1 currently owns one-hundred fifteen (115) U.S. patents and seventeen (17) international patents covering various technologies, including enabling technology for authenticating and using eSIM technology in Internet of Things (“IoT”) Machine-to-Machine and other mobile devices, certain advanced technologies related to high frequency trading, technologies relating to document stream operating systems and the identification of media content and enabling technology to support, among other things, the interoperability of smart home IoT devices. Network-1’s current strategy includes efforts to monetize four patent portfolios (the M2M/IoT, HFT, Cox and Smart Home portfolios). Network-1’s strategy is to focus on acquiring and investing in high quality patents which management believes have the potential to generate significant licensing opportunities as Network-1 has achieved with respect to its Remote Power Patent and Mirror Worlds Patent Portfolio. Network-1’s Remote Power Patent has generated licensing revenue in excess of $188,000,000 from May 2007 through September 30, 2025. Network-1 has achieved licensing and other revenue of $47,150,000 through September 30, 2025 with respect to its Mirror Worlds Patent Portfolio.

    This release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements address future events and conditions concerning Network-1’s business plans. Such statements are subject to a number of risk factors and uncertainties as disclosed in the Network-1’s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission on February 28, 2025and its Quarterly Report on Form 10-Q for the three months ended September 30, 2025 filed with the SEC on November 6, 2025 including, among others, Network-1’s uncertain revenue from licensing its intellectual property, uncertainty as to the outcome of pending litigation involving Network-1’s HFT Patent Portfolio and its M2M/IoT Patent Portfolio, whether Network-1 will be successful in its appeal to the Federal Circuit of the District Court judgment of non-infringement dismissing Network-1’s litigation against Google and YouTube involving certain patents within its Cox Patent Portfolio, the ability of Network-1 to successfully execute its strategy to acquire or make investments in high quality patents with significant licensing opportunities, Network-1’s ability to achieve revenue and profits from its Cox Patent Portfolio, M2M/IoT Patent Portfolio, HFT Patent Portfolio and Smart Home Portfolio, as well as a successful outcome on its investment in ILiAD Biotechnologies, LLC or other intellectual property it may acquire or finance in the future, the ability of Network-1 to enter into additional license agreements, uncertainty as to whether cash dividends will continue to be paid, Network-1’s ability to enter into strategic relationships with third parties to license or otherwise monetize their intellectual property, the risk in the future of Network-1 being classified as a Personal Holding Company which may result in Network-1 issuing a special cash dividend to its stockholders, future economic conditions and technology changes and legislative, regulatory and competitive developments. Except as otherwise required to be disclosed in periodic reports, Network-1 expressly disclaims any future obligation or undertaking to update or revise any forward-looking statement contained herein.

    Network-1’s unaudited condensed consolidated statements of operations and condensed consolidated balance sheet are attached.

    For additional details regarding the above referenced highlights, please see Network-1’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 filed with the SEC on November 6, 2025.

    NETWORK-1 TECHNOLOGIES, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (UNAUDITED)

    Three Months Ended
    September 30,

    Nine Months Ended
    September 30,

    2025

    2024

    2025

    2024
    REVENUE

    $

    –

    $

    –

    $

    150,000

    $

    100,000
    OPERATING EXPENSES:
    Costs of revenue

    –

    –

    42,000

    28,000
    Professional fees and related costs

    226,000

    290,000

    511,000

    656,000
    General and administrative

    537,000

    576,000

    1,658,000

    1,764,000
    Amortization of patents

    37,000

    30,000

    104,000

    90,000
    TOTAL OPERATING EXPENSES

    800,000

    896,000

    2,315,000

    2,538,000
    OPERATING LOSS

    (800,000

    )

    (896,000

    )

    (2,165,000

    )

    (2,438,000

    )
    OTHER INCOME:
    Interest and dividend income, net

    467,000

    524,000

    1,396,000

    1,407,000
    Net realized and unrealized gain on marketable securities

    44,000

    293,000

    215,000

    395,000
    Total other income, net

    511,000

    817,000

    1,611,000

    1,802,000
    LOSS BEFORE INCOME TAXES AND SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE

    (289,000

    )

    (79,000

    )

    (554,000

    )

    (636,000

    )
    INCOME TAXES PROVISION:
    Current

    –

    –

    (31,000

    )

    –
    Deferred taxes, net

    (83,000

    )

    (71,000

    )

    (232,000

    )

    (355,000

    )
    Total income tax benefit

    (83,000

    )

    (71,000

    )

    (263,000

    )

    (355,000

    )
    LOSS BEFORE SHARE OF NET LOSS OF EQUITY METHOD INVESTEE:

    (206,000

    )

    (8,000

    )

    (291,000

    )

    (281,000

    )
    SHARE OF NET LOSS OF EQUITY METHOD INVESTEE

    (354,000

    )

    (308,000

    )

    (1,095,000

    )

    (1,613,000

    )
    NET LOSS

    $

    (560,000

    )

    $

    (316,000

    )

    $

    (1,386,000

    )

    $

    (1,894,000

    )
    Net loss per share
    Basic

    $

    (0.02

    )

    $

    (0.01

    )

    $

    (0.06

    )

    $

    (0.08

    )
    Diluted

    $

    (0.02

    )

    $

    (0.01

    )

    $

    (0.06

    )

    $

    (0.08

    )
    Weighted average common shares outstanding:
    Basic

    22,807,916

    23,126,480

    22,858,180

    23,337,716
    Diluted

    22,807,916

    23,126,480

    22,858,180

    23,337,716
    Cash dividends declared per share

    $

    0.05

    $

    0.05

    $

    0.10

    $

    0.10

    NETWORK-1 TECHNOLOGIES, INC.
    CONDENSED CONSOLIDATED BALANCE SHEETS
    September 30,
    2025
    December 31,
    2024

    ASSETS

    (Unaudited)
    CURRENT ASSETS:
    Cash and cash equivalents

    $

    7,708,000

    $

    13,145,000
    Marketable securities, at fair value

    29,389,000

    27,455,000
    Other current assets

    166,000

    232,000
    TOTAL CURRENT ASSETS

    37,263,000

    40,832,000
    OTHER ASSETS:
    Patents, net of accumulated amortization

    1,516,000

    1,205,000
    Equity investment

    2,242,000

    3,337,000
    Operating leases right-of-use asset

    –

    27,000
    Security deposit

    13,000

    13,000
    Total Other Assets

    3,771,000

    4,582,000
    TOTAL ASSETS

    $

    41,034,000

    $

    45,414,000
    LIABILITIES AND STOCKHOLDERS’ EQUITY:

    CURRENT LIABILITIES:
    Accounts payable

    $

    220,000

    $

    203,000
    Accrued payroll

    –

    292,000
    Other accrued expenses

    187,000

    247,000
    Operating lease obligations

    –

    24,000
    Total Current Liabilities

    407,000

    766,000
    LONG TERM LIABILITIES:
    Deferred tax liability

    105,000

    337,000
    TOTAL LIABILITIES

    512,000

    1,103,000
    COMMITMENTS AND CONTINGENCIES (Note G)
    STOCKHOLDERS’ EQUITY
    Preferred stock, $0.01 par value, authorized 10,000,000 shares;
    none issued and outstanding at September 30, 2025 and December 31, 2024

    –

    –
    Common stock, $0.01 par value; authorized 50,000,000 shares; 22,820,593 and 22,961,619 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively

    228,000

    229,000
    Additional paid-in capital

    63,346,000

    65,455,000
    Accumulated deficit

    (23,052,000

    )

    (21,373,000

    )
    TOTAL STOCKHOLDERS’ EQUITY

    40,522,000

    44,311,000
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

    $

    41,034,000

    $

    45,414,000

    Contact:

    Corey M. Horowitz, Chairman and CEO Network-1 Technologies, Inc.
    (203) 920-1055
    (917) 692-0000

    SOURCE: Network-1 Technologies, Inc.

    View the original press release on ACCESS Newswire

  • Ease Your Panes Announces Enhanced Gutter Cleaning Services as Denver Faces Increased Storm Debris

    Ease Your Panes Announces Enhanced Gutter Cleaning Services as Denver Faces Increased Storm Debris

    DENVER, CO – November 10, 2025 – PRESSADVANTAGE –

    Ease Your Panes, a professional cleaning services provider serving the Denver metropolitan area, has announced enhanced gutter cleaning protocols to address the increasing accumulation of storm debris affecting residential properties throughout the Front Range region. The company has expanded its service capacity to meet growing demand as Colorado’s unpredictable weather patterns continue to challenge homeowners’ gutter maintenance efforts.

    The enhanced services come as Denver area residents face mounting challenges from seasonal weather extremes that deposit significant amounts of debris into gutter systems. From spring snowmelt and summer hailstorms to fall leaf accumulation and winter ice formation, Colorado’s unique climate creates year-round gutter maintenance challenges that can lead to costly property damage when left unaddressed.

    Ease Your Panes Gutter Cleaning

    “Colorado homeowners face distinct challenges when it comes to gutter maintenance due to our extreme weather variations and mature tree canopy,” said David Ennis, owner of Ease Your Panes. “We’re seeing more frequent storm events that overwhelm gutter systems with debris, and the consequences of neglected maintenance can be severe, from foundation damage to roof deterioration. Our enhanced protocols ensure thorough cleaning while prioritizing safety for both our team and our clients’ properties.”

    Ease Your Panes Gutter Cleaning in Denver utilizes specialized equipment and proven techniques to address the unique challenges posed by Colorado’s high-altitude environment. The company’s comprehensive approach includes debris removal, downspout flushing, and thorough inspection for signs of wear or damage that could compromise gutter performance. Their service teams are equipped to handle multi-story homes and difficult-to-reach areas that pose significant safety risks for homeowners attempting DIY maintenance.

    The timing of professional gutter cleaning has become increasingly critical as weather patterns shift and intensify. Standing water from clogged gutters can freeze during Colorado’s freeze-thaw cycles, causing gutters to crack and fail. Additionally, overflowing water can damage siding, deteriorate exterior paint, and create dangerous ice formations that pose liability risks for property owners.

    Ease Your Panes Gutter Cleaning Denver has also expanded its preventive maintenance recommendations to help homeowners avoid the average $5,000 to $15,000 in water damage repairs that can result from gutter system failures. The company offers assessment services to identify potential problems before they escalate into costly repairs, including evaluation of gutter guard systems that can reduce cleaning frequency for busy homeowners.

    The company serves numerous Denver metro communities including Cherry Creek, Cherry Hills Village, Denver Tech Center, Englewood, Greenwood Village, and Washington Park, among others. Their service expansion addresses both residential and commercial properties, with specialized equipment for high-reach applications and emergency response capabilities for post-storm cleanup.

    Ease Your Panes is a Denver-based professional cleaning services company specializing in window cleaning, gutter maintenance, solar panel cleaning, and seasonal services including Christmas light installation. The company maintains high standards for safety and quality service while utilizing eco-friendly cleaning solutions and state-of-the-art equipment. With a focus on preventive maintenance and customer education, Ease Your Panes helps property owners protect their investments from weather-related damage throughout the Denver metropolitan area.

    ###

    For more information about Ease Your Panes, contact the company here:

    Ease Your Panes
    David Ennis
    720-477-3273
    dennis@easeyourpanes.com
    3800 Buchtel Blvd., Suite 102683
    Denver, CO 80250

  • Aurelia Massage Frisco Joins Venus Salon Suites as New Tenant

    Aurelia Massage Frisco Joins Venus Salon Suites as New Tenant

    FRISCO, TX – October 22, 2025 – PRESSADVANTAGE –

    Aurelia Massage Frisco announced today it has joined Venus Salon Suites as a new tenant at the Frisco wellness facility. The licensed massage therapy practice, owned by Amber Li, opened its doors in Suite 100, Room 25 at the 15922 Eldorado Parkway location, expanding the diverse range of health and beauty services available to Frisco-area residents.

    The massage therapy practice specializes in both therapeutic and relaxation treatments, with Li bringing advanced training in anatomy and sports injury rehabilitation. Aurelia Massage Frisco offers customized sessions designed to address individual client needs, from stress relief to chronic pain management and injury recovery. The practice operates seven days a week, providing flexible scheduling options for busy professionals and families in the North Dallas area.

    Venus Salon Suites, established in 2012, provides independent beauty and wellness professionals with fully furnished private suites and comprehensive business support. The facility offers 24/7 secure access, on-site maintenance, and utilities management, allowing tenants to focus entirely on client care and business growth. The 34-suite facility has reached full capacity, reflecting strong demand for independent wellness spaces in the rapidly growing Frisco market.

    “Every massage is tailored to the client’s specific goals, whether they want to de-stress or address chronic pain and muscle tension,” said Amber Li, owner of Aurelia Massage Frisco. “Our approach focuses on targeting the root of physical concerns to provide lasting relief and improved well-being. The private suite environment at Venus Salon Suites allows us to create a truly personalized experience for each client.”

    The partnership represents a strategic expansion for both businesses. Venus Salon Suites’ business model empowers independent professionals to maintain full control over their operations while benefiting from professional amenities and reduced overhead costs. Tenants keep 100% of their service and product profits, set their own pricing, and choose their working hours without long-term lease commitments.

    Li’s practice utilizes individualized techniques designed to address the specific needs of each client session. The therapeutic approach combines relaxation methods with targeted treatment for chronic conditions, sports injuries, and workplace-related tension. Clients frequently report immediate pain reduction, improved mobility, and enhanced sleep quality following treatment sessions.

    The private suite environment at Venus Salon Suites offers clients a calm, distraction-free setting away from traditional crowded spa atmospheres. Each suite comes fully equipped with essential amenities, including styling stations, professional lighting, and climate control systems. The facility’s design prioritizes client privacy and comfort while maintaining professional standards throughout the building.

    “The addition of specialized massage therapy services enhances our comprehensive wellness offerings,” said a representative from Venus Salon Suites. “Amber’s expertise in therapeutic massage perfectly complements our community of beauty and wellness professionals. This partnership demonstrates our commitment to providing Frisco residents with access to high-quality, personalized health services.”

    Aurelia Massage Frisco operates Monday through Saturday from 10:00 a.m. to 8:00 p.m., and Sunday from 11:00 a.m. to 8:00 p.m. The practice can be reached at (214) 551-8775 for appointment scheduling and consultation. Li encourages potential clients to discuss their specific health goals during initial consultations to ensure optimal treatment outcomes.

    The Frisco location positions Aurelia Massage Frisco to serve the broader North Dallas metropolitan area, including nearby communities in Plano, McKinney, and Allen. The practice’s focus on both therapeutic intervention and preventive wellness aligns with growing consumer demand for personalized healthcare services.

    Venus Salon Suites continues to foster professional growth and networking opportunities among its diverse tenant community of beauty and wellness practitioners. The facility’s supportive environment enables independent professionals to build sustainable businesses while maintaining the flexibility and autonomy of entrepreneurship.

    ###

    For more information about Venus Salon Suites Frisco, contact the company here:

    Venus Salon Suites Frisco
    Kamran Ghatrehee
    (972) 369-1127
    info@venussalonsfrisco.com
    15922 Eldorado Pkwy #100 Frisco, TX 75035