Shoals Technologies Group reported a 74.9% revenue increase to $140.6 million in Q1 2026, driven by strong demand in the solar market and a record backlog of $758 million. Despite a slight net loss of $0.3 million, adjusted EBITDA rose to $21.1 million, reflecting operational growth. The company raised its full-year revenue guidance to $600-$640 million and adjusted EBITDA to $118-$132 million, citing robust market conditions and expansion into battery storage. Shoals plans continued growth supported by its innovative products and new production facility.
C-Lingo, a Hong Kong-based company, introduced a new AI-driven platform on May 23, 2026, to transform Chinese language education in Vietnam. The platform uses a unique "Connected Learning" model combining AI personalization and gamification to enhanc...
The Pentagon has informed Japan that delivery of 400 Tomahawk cruise missiles, ordered in 2024 under a $2.35 billion deal, will face delays of up to two years. This is due to the US military prioritizing replenishment of missile stockpiles heavily us...
Uber Technologies Inc. has made a full takeover offer for Delivery Hero at €33 per share, slightly below Delivery Hero's recent closing price. Prior to the offer, Uber increased its stake in Delivery Hero from about 7% to 19.5%, becoming the largest ...
Clearpool has originated $930 million in institutional credit loans since its 2021 launch, focusing on bringing real-world borrowing onto blockchain with a compliance-first approach. The protocol targets institutional borrowers like hedge funds and f...
StablR's euro (EURR) and dollar (USDR) stablecoins lost their pegs following a security breach where an attacker compromised a private key controlling minting permissions. The attacker minted 12.85 million tokens and converted them through decentrali...
