ALGONQUIN POWER & UTILITIES COR

AQN.TO Q3 2025

Reported: 2025-11-09

Algonquin Power & Utilities Corp. reported strong Q3 2025 results, highlighted by a 10% increase in adjusted net earnings driven by positive regulatory changes and effective cost management.

Key takeaways

Adjusted net earnings from continuing operations reached $71.7 million, a 10% increase year-over-year.
Successful rate implementations across gas and water utilities contributed to growth, alongside favorable weather conditions.
Upcoming regulatory proceedings include hearings for a combined total rate request of $73.6 million, with a commitment to maintaining affordability and improving customer service.
Leadership transition set for January 2026 as Robert Stefani is announced as the new CFO, bolstering the executive team’s strategic capabilities.
The company remains focused on its pure-play regulated utility strategy while preparing to opportunistically enhance portfolio value.

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BROOKFIELD ASSET MANAGEMENT INC

BAM Q3 2025

Reported: 2025-11-09

Brookfield Asset Management delivered strong third-quarter results with record fundraising and deployment, driving a 17% increase in fee-related earnings year-over-year.

Key takeaways

Fee-related earnings reached $754 million, marking a 17% year-over-year growth.
Distributable earnings grew 7% to $661 million, highlighting operational efficiency.
Record fundraising of $30 billion in Q3, contributing to over $100 billion in the past year.
Strategic acquisition of the remaining 26% in Oaktree Capital enhances Brookfield's credit capabilities.
Strong market conditions bolster deployment activity, with global M&A volumes up nearly 25%.

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BlackLine, Inc.

BL Q3 2025

Reported: 2025-11-09

BlackLine reported a solid Q3 2025 with 7.5% revenue growth and a non-GAAP operating margin of 21.4%, highlighted by a significant increase in new customer bookings and strategic platform deals.

Key takeaways

New customer bookings surged 45%, with deal sizes and quality significantly improving; average new deal size more than doubled.
The new platform-based pricing model accounted for nearly three-quarters of new bookings, witnessing strong international adoption.
Over half of renewal bookings were multiyear contracts, indicating increased customer confidence and alignment with long-term strategy.
Planned churn from the strategic deemphasis of lower-end market segments is expected to conclude in the first half of 2026, stabilizing revenue growth.
Notable wins included partnerships with a Fortune 20 company and significant contracts in the public sector, reinforcing BlackLine’s competitive position.

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CarGurus, Inc.

CARG Q3 2025

Reported: 2025-11-09

CarGurus reported robust third-quarter results, with Marketplace revenue growing 14% year-over-year and adjusted EBITDA rising 18%, driven by strong dealer engagement and international growth.

Key takeaways

Marketplace revenue reached $28 million, exceeding guidance and illustrating sustained demand.
The company added nearly 2,000 net new dealers globally, demonstrating effective retention and expansion strategies.
International revenue surged 27% year-over-year, highlighting growth in Canada and the U.K.
CarGurus is enhancing its product offerings with data-driven solutions, expanding its addressable market and supporting long-term growth.
The introduction of PriceVantage positions CarGurus as a strategic partner for dealers, enhancing profitability through smarter decision-making tools.

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Cidara Therapeutics, Inc.

CDTX Q3 2025

Reported: 2025-11-09

Cidara Therapeutics reported strong progress in Q3 2025, marked by the early initiation of its Phase III ANCHOR trial for CD388 and receipt of Breakthrough Therapy Designation from the FDA.

Key takeaways

CD388 has entered Phase III development, expanding the potential patient population from 50 million to over 100 million in the U.S. by including healthy adults over 65.
The ongoing ANCHOR trial, now over 50% enrolled, aims for completion in the Northern Hemisphere by December, leveraging a targeted participant group at high risk for influenza complications.
Cidara secured a $45 million milestone payment from Johnson & Johnson for the trial initiation and was awarded $339 million from BARDA for expanded manufacturing and clinical development.
CD388 has received Breakthrough Therapy Designation, promising expedited regulatory pathways and enhanced FDA guidance.
The Phase IIb NAVIGATE study demonstrated a 76.1% protective efficacy against influenza, underpinning the drug's differentiated profile and bolstering confidence for Phase III success.

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CNH Industrial NV

CNH Q3 2025

Reported: 2025-11-09

CNH reported a challenging third quarter, with revenues down 5% to $4.4 billion, largely impacted by a decrease in North American demand and the absorption of tariff costs. Despite these headwinds, adjustments in pricing and inventory management show progress towards long-term strategic goals.

Key takeaways

Consolidated revenues declined by 5%, driven by an 11% drop in Global Ag segment sales, with North America specifically down 29%.
Industrial adjusted EBIT fell to $104 million, a 69% decrease year-over-year, primarily due to lower industry demand and challenging geographic sales mix.
Adjusted net income for the quarter was $109 million, translating to an adjusted EPS of $0.08, reflecting ongoing pressures in the agricultural sector.
CNH is focused on reducing dealer inventories, achieving a sequential reduction of over $200 million, positioning for improved supply chain dynamics.
The company continues to invest strategically in technology and operational efficiencies to reinforce its market position amidst ongoing agricultural market uncertainties.

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Camden Property Trust

CPT Q3 2025

Reported: 2025-11-09

Camden Property Trust reported steady third-quarter performance in 2025, with same-store revenue growth of 0.8% and robust demand for apartments amid improved affordability.

Key takeaways

Average occupancy remained strong at 95.5%, consistent year-over-year, despite a slight decline from the previous quarter.
Same-store revenue grew 0.8% quarter-over-quarter, reflecting effective management in a competitive leasing landscape.
Share buybacks totaled $50 million, executed at a significant discount to net asset value, with an authorized $400 million remaining for further repurchases.
Dispositions of older properties generated $114 million, enabling reinvestment in share repurchases and reinforcing the balance sheet.
Camden's move to new corporate headquarters signals a fresh strategic direction, emphasizing growth and operational excellence.

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Diodes Incorporated

DIOD Q3 2025

Reported: 2025-11-09

Diodes Incorporated reported robust third-quarter results with a 12% year-over-year revenue growth, driven by strong demand in computing and emerging markets, though gross margins slightly contracted.

Key takeaways

Revenue reached $392.2 million, up 7% sequentially and 12% year-over-year, with notable performance in AI-related applications.
Gross profit margin decreased to 30.7% compared to 33.7% a year ago, influenced by product mix challenges.
Non-GAAP net income of $17.2 million, or $0.37 per diluted share, reflecting a decline from $20.1 million a year prior.
Strong operational cash flow of $79.1 million and free cash flow of $62.8 million demonstrate solid financial health.
Continued confidence in automotive and industrial market recovery with new program launches anticipated in 2026.

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DraftKings Inc.

DKNG Q3 2025

Reported: 2025-11-09

DraftKings reports strong momentum with expected revenue growth to $5.9-6.1 billion in 2025 and positive adjusted EBITDA, despite recent market fluctuations impacting short-term results.

Key takeaways

Revenues projected to grow from over $2 billion in 2022 to $5.9-6.1 billion in 2025, with a positive adjusted EBITDA forecast of $450-550 million.
Sportsbook net revenue margin improved significantly, driven by a shift toward higher-margin parlay bets, while customer retention for NFL week 1 customers increased by over 300 basis points year-over-year.
Third-quarter iGaming revenue rose 25% year-over-year, marking the fastest growth since Q1 2024, bolstered by enhanced customer engagement.
Exclusive marketing agreements with ESPN and NBCUniversal are expected to enhance brand affinity and expand market reach, particularly in the NBA.
Upcoming launch of DraftKings predictions presents a significant opportunity to capture new revenue streams in states where online sports betting is not yet legalized.

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EOG Resources, Inc.

EOG Q3 2025

Reported: 2025-11-09

EOG Resources delivered strong financial results in Q3 2025, achieving $1.4 billion in free cash flow and $1.5 billion in net income following its strategic acquisition of Encino, enhancing its production base and cash flow generation capabilities.

Key takeaways

Exceeded production guidance across oil, natural gas, and NGL volumes, contributing to robust financial performance.
Successful integration of Encino strengthens EOG's portfolio, diversifying assets and accelerating free cash flow potential.
Returned $1 billion to shareholders through dividends and share repurchases, committing to return nearly 90% of estimated 2025 free cash flow.
Ongoing investments in infrastructure and technology are driving down breakeven costs, improving margins and operational resilience.
Strong balance sheet with substantial liquidity supports continued growth and strategic investments amidst dynamic commodity market conditions.

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Heritage Global Inc.

HGBL Q3 2025

Reported: 2025-11-09

Heritage Global Inc. delivered solid third-quarter results with $1.4 million in EBITDA, navigating a wait-and-see economy while advancing its M&A strategy and strengthening its financial position.

Key takeaways

Consolidated operating income declined slightly to $1.3 million compared to $1.5 million in Q3 2024, while EBITDA decreased to $1.6 million from $1.9 million year-over-year.
The Industrial Assets division showed resilience with increased operating income of approximately $900,000, driven by strong auctions and liquidation activity despite overall economic uncertainty.
The Financial Assets division remained profitable, but transaction volumes softened early in the quarter, with an upward trend noted towards the end of September.
The company’s strong balance sheet reflects stockholders' equity of $66.5 million and a cash balance of $19.4 million, prioritizing cash retention amidst ongoing M&A initiatives.
A new share repurchase program was authorized, allowing for the repurchase of up to $7.5 million in common stock over the next three years as part of a strategic capital allocation framework.

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Holley Inc. Common Stock

HLLY Q3 2025

Reported: 2025-11-09

Holley achieved a robust 6.4% growth in its core business for Q3 2025, marking three consecutive quarters of year-over-year performance improvements, driven by strong execution across its omnichannel strategy.

Key takeaways

Core business net sales reached $138.4 million, reflecting volume-driven expansion with a 4% increase in volume.
Gross margins rose to 43.2%, up over 400 basis points from last year, supported by pricing discipline and operational improvements.
Free cash flow improved significantly to $5.5 million, a $7.6 million enhancement versus the prior year, demonstrating disciplined capital management.
Net debt-to-EBITDA leverage improved to 3.9x, the lowest since 2022, highlighting the strengthening financial position and commitment to balance sheet improvements.
Continued momentum in product innovation led to $26 million in revenue, enhancing customer engagement in both B2B and DTC channels.

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HireQuest, Inc.

HQI Q3 2025

Reported: 2025-11-09

HireQuest delivered a solid third quarter, achieving net income of $2.3 million despite a 9.8% year-over-year decline in total revenue due to mixed signals in the staffing market.

Key takeaways

Net income stood at $2.3 million or $0.16 per share, reflecting sustained profitability and cost control amid market uncertainties.
Total revenue decreased to $8.5 million, attributed to a drop in franchise royalties, which were $8.1 million compared to $9 million last year.
Sequentially, system-wide sales rose by 6.1% from Q2, indicating resilience in temporary staffing demand, particularly in light industrial and administrative fields.
The company remains focused on identifying M&A opportunities that align with its growth strategy, particularly as retirement-ready smaller firms seek exits.
Operating expenses were effectively managed, with SG&A costs reduced to $5.1 million compared to $5.4 million in the prior year.

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Innodata Inc.

INOD Q3 2025

Reported: 2025-11-09

Innodata reported a record Q3 2025 with revenues of $62.6 million, reflecting strong organic growth and adjusted EBITDA margin expansion, while reaffirming its aggressive growth trajectory for 2026.

Key takeaways

Achieved 20% year-over-year organic revenue growth and 7% sequential growth, exceeding analyst expectations.
Adjusted EBITDA of $16.2 million represents 26% of revenue, marking a 23% increase sequentially.
Cash position improved to $73.9 million, with a $27 million increase since year-end.
Significant deal momentum with large tech customers, including potential $6.5 million revenue expansion with a key client.
Launched Innodata Federal, targeting substantial opportunities in government AI solutions with a projected initial revenue of $25 million primarily in 2026.

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Kingsway Financial Services Inc.

KFS Q3 2025

Reported: 2025-11-09

Kingsway delivered a robust performance in Q3 2025, with 37% year-over-year revenue growth and the KSX segment achieving record-breaking results, comprising the majority of total revenues for the first time.

Key takeaways

Revenues surged 37% year-over-year, bolstered by exceptional 104% growth in the KSX segment.
Adjusted EBITDA for KSX improved by 90%, highlighting operational efficiency, despite two nonrecurring expenses impacting reported earnings.
Successful completion of four strategic acquisitions during the quarter, enhancing growth potential and market presence.
Positive momentum across subsidiaries indicates a promising outlook for organic growth, particularly in Roundhouse and Kingsway Skilled Trades.
Trailing 12-month adjusted run rate EBITDA stands between $20.5 million and $22.5 million, reflecting strong financial health.

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loanDepot, Inc.

LDI Q3 2025

Reported: 2025-11-09

loanDepot's third quarter of 2025 showcased an impressive turnaround with a reduced adjusted net loss to $3 million, driven by a 10% increase in lock volume and improved revenue performance.

Key takeaways

Adjusted net loss narrowed significantly from $16 million in Q2 2025 to $3 million in Q3 2025, reflecting positive operational leverage.
Pull-through weighted rate lock volume rose to $7 billion, exceeding the lower end of guidance expectations.
Adjusted total revenue increased to $325 million, up from $292 million in the prior quarter, highlighting enhanced business performance.
New leadership appointments across origination channels aim to strengthen growth strategies and operational efficiency.
Ongoing investment in technology and innovation is expected to further improve customer experience and cost management.

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Leatt Corporation

LEAT Q3 2025

Reported: 2025-11-09

Leatt Corporation reported robust third-quarter results, with revenues reaching $14.34 million, an 18% increase year-over-year, and net income soaring 366% to $539,000, marking the fifth consecutive quarter of growth.

Key takeaways

Achieved double-digit revenue growth for the fourth consecutive quarter, driven by strong international demand and improved market conditions.
Gross profit margin improved to 44%, up from 43% year-over-year, reflecting effective cost management despite tariff uncertainties.
Consumer direct sales surged 61% in Q3 and 37% over the first nine months of 2025, highlighting strong brand momentum and consumer engagement.
All product categories demonstrated significant growth, with body armor revenue increasing by 30% and helmets by 60% year-to-date.
Cash from operations improved to $1.45 million, supporting a strong liquidity position with $12.39 million in cash and a 5:1 current ratio.

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MidCap Financial Investment Corporation Common Stock

MFIC Q3 2025

Reported: 2025-11-09

MidCap Financial Investment Corporation reported a third-quarter net investment income (NII) of $0.38 per share, benefitting from significant repayments from its aircraft leasing portfolio, though NAV per share dipped slightly to $14.66.

Key takeaways

NII per share of $0.38 translates to a 10.3% annualized return on equity (ROE).
Portfolio company Merx repaid approximately $97 million, boosting liquidity and reflecting strong asset management.
New commitments totaled $138 million across 21 transactions, highlighting MidCap's advantage in sourcing quality assets amid a challenging M&A environment.
NAV per share declined by 0.6%, driven by select non-accruals, albeit not indicating broader credit issues.
Merx's performance included a $16.6 million gain from aircraft sales and insurance proceeds, underlining its operational resilience.

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Nephros, Inc.

NEPH Q3 2025

Reported: 2025-11-09

Nephros, Inc. delivered strong third-quarter results with $4.8 million in revenue, marking a 35% year-over-year increase and achieving profitability for the fifth consecutive quarter.

Key takeaways

Record $4.8 million in revenue driven by growth in programmatic and service offerings.
Five consecutive quarters of profitability with net income rising to $337,000.
Strong gross margins maintained at 61%, despite increased inventory handling expenses.
Active customer sites exceeded 1,650, consistent with expanding market presence.
Positive cash flow from operations improved by $722,000 year-over-year.

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National Health Investors, Inc.

NHI Q3 2025

Reported: 2025-11-09

National Health Investors reported a robust third quarter with a notable 63% increase in SHOP NOI, bolstered by strategic property transitions and a strong acquisition pipeline, leading to a third upward revision in annual guidance.

Key takeaways

SHOP NOI growth of approximately 63% year-over-year, driven by the transition of 7 properties.
First SHOP acquisition completed for $74.3 million, expected to yield an NOI of 8.2%.
Full-year guidance raised for a projected NFFO per share growth of over 10%, marking the strongest growth since 2014.
A solid pipeline of acquisitions valued at $195 million under signed Letters of Intent, anticipated to close in late 2025 and early 2026.
Financial health remains strong with a net debt to adjusted EBITDA of 3.6x and over $1 billion in available liquidity, providing a competitive advantage.

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Pangaea Logistics Solutions, Ltd.

PANL Q3 2025

Reported: 2025-11-09

Pangaea Logistics Solutions reported strong third-quarter results in 2025, with adjusted EBITDA increasing approximately 20% year-over-year, driven by robust Arctic trading activity and strategic fleet expansion.

Key takeaways

Achieved average TCE rates of $15,559 per day, approximately 10% above market rates for Panamax, Supramax, and Handysize vessels.
Increased shipping days by 22% year-over-year, resulting in adjusted EBITDA of $28.9 million and an improved margin of 17.1%.
Successful expansion of integrated service platforms, including the launch of operations at multiple U.S. ports, enhancing customer relationships and long-term growth prospects.
Strengthened balance sheet with approximately $94 million in unrestricted cash and continued capital return to investors through share repurchases and consistent dividends.
TCE rates booked for Q4 2025 indicate a buoyant dry bulk market, positioning the company favorably as it navigates evolving market conditions.

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Ring Energy, Inc.

REI Q3 2025

Reported: 2025-11-09

Ring Energy delivered strong operational performance in Q3 2025, generating $13.9 million in adjusted free cash flow while significantly reducing debt by $20 million despite challenging commodity price conditions.

Key takeaways

Total sales reached 20,789 BOE per day, exceeding the midpoint of guidance, while oil sales averaged 13,332 barrels per day.
Lifting costs fell to $10.73 per BOE, surpassing cost-cutting targets for the second consecutive quarter.
The company deployed $24.6 million in capital spending, focused on balancing production growth with debt reduction efforts.
Adjusted free cash flow of $13.9 million enabled a stronger focus on improving the balance sheet and reducing leverage ratios.

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SoundHound AI Inc Class A Common Stock

SOUN Q3 2025

Reported: 2025-11-09

SoundHound reported a robust Q3 2025 with revenue skyrocketing 127% year-over-year to $114 million, underscoring strong enterprise AI adoption and strategic growth initiatives.

Key takeaways

Achieved record year-to-date revenue of $114 million, leading to an upward revision of financial outlook.
Launched the Polaris multimodal, multilingual foundation model, greatly enhancing model accuracy and operational efficiency.
Successfully acquired Interactions to augment customer service automation capabilities, building on past M&A successes.
Demonstrated ability to pivot pre-merger declines into post-merger growth within 12 to 18 months through strategic integration and innovation.
Secured a significant partnership in IoT with a large Chinese company, further expanding SoundHound's market footprint.

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TTEC Holdings, Inc.

TTEC Q3 2025

Reported: 2025-11-09

TTEC delivered solid third-quarter results, with revenues of $519 million and a significant net debt reduction of $119 million year-over-year, while persisting in its strategic investments to enhance AI-enabled customer experience solutions.

Key takeaways

Revenue increased to $519 million, driven by ongoing client acquisition and embedded base growth.
Adjusted EBITDA stood at $43 million, highlighting effective cost management amidst expansion efforts.
Net debt reduced by $119 million compared to the prior year, showcasing financial strength.
The company added 11 significant clients year-to-date, with a robust pipeline indicating potential for sustained growth into 2026.
TTEC is leveraging AI and data analytics to evolve its customer experience offerings, aiming to address current industry challenges and improve client outcomes.

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Victory Capital Holdings, Inc.

VCTR Q3 2025

Reported: 2025-11-09

Victory Capital achieved a record high in gross flows and adjusted EBITDA in Q3 2025, signaling strong operational momentum while effectively integrating recent acquisitions.

Key takeaways

Long-term gross flows increased by 10% quarter-over-quarter to $17 billion, demonstrating improved distribution efforts, particularly in the U.S. and international markets.
Adjusted EBITDA reached a record $191 million, with a robust margin of 52.7%, reflecting effective cost management post-acquisition.
The company repurchased 1.8 million shares during the quarter, with $355 million remaining on its repurchase authorization, indicating a commitment to return value to shareholders.
Positive net flows from international markets with $52 billion in AUM from clients across 60 countries, showcasing strong demand for Victory’s products globally.
The integration of Pioneer Investments is ahead of schedule, with $86 million in net expense synergies achieved, positioning the firm for further operational efficiencies.

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Warby Parker Inc.

WRBY Q3 2025

Reported: 2025-11-09

Warby Parker reported a robust Q3 2025, with net revenue growth of 15.2% year-over-year, largely fueled by a 20% increase in retail revenue and a significant improvement in adjusted EBITDA margin.

Key takeaways

Adjusted EBITDA rose approximately 50% to $25.7 million, reflecting an 11.6% adjusted EBITDA margin and 260 basis points of year-over-year expansion.
Record retail productivity and a successful launch of five shop-in-shops at Target contributed to the quarter's strong performance.
Continued focus on innovation through AI aims to enhance customer experience and expand the product offering with intelligent eyewear.
Reaffirmed 2025 adjusted EBITDA outlook while raising margin expectations amid a cautious revenue forecast due to changing consumer sentiment.

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Earnings Recaps

ALGONQUIN POWER & UTILITIES COR

BROOKFIELD ASSET MANAGEMENT INC

BlackLine, Inc.

CarGurus, Inc.

Cidara Therapeutics, Inc.

CNH Industrial NV

Camden Property Trust

Diodes Incorporated

DraftKings Inc.

EOG Resources, Inc.

Heritage Global Inc.

Holley Inc. Common Stock

HireQuest, Inc.

Innodata Inc.

Kingsway Financial Services Inc.

loanDepot, Inc.

Leatt Corporation

MidCap Financial Investment Corporation Common Stock

Nephros, Inc.

National Health Investors, Inc.

Pangaea Logistics Solutions, Ltd.

Ring Energy, Inc.

SoundHound AI Inc Class A Common Stock

TTEC Holdings, Inc.

Victory Capital Holdings, Inc.

Warby Parker Inc.

Community

Earnings Recaps

ALGONQUIN POWER & UTILITIES COR

BROOKFIELD ASSET MANAGEMENT INC

BlackLine, Inc.

CarGurus, Inc.

Cidara Therapeutics, Inc.

CNH Industrial NV

Camden Property Trust

Diodes Incorporated

DraftKings Inc.

EOG Resources, Inc.

Heritage Global Inc.

Holley Inc. Common Stock

HireQuest, Inc.

Innodata Inc.

Kingsway Financial Services Inc.

loanDepot, Inc.

Leatt Corporation

MidCap Financial Investment Corporation Common Stock

Nephros, Inc.

National Health Investors, Inc.

Pangaea Logistics Solutions, Ltd.

Ring Energy, Inc.

SoundHound AI Inc Class A Common Stock

TTEC Holdings, Inc.

Victory Capital Holdings, Inc.

Warby Parker Inc.

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