SAN FRANCISCO , Dec. 5, 2024 /PRNewswire/ -- Docusign, Inc. (NASDAQ: DOCU) today announced results for its fiscal quarter ended October 31, 2024. Prepared remarks and the news release with the financial results will be accessible on Docusign's website at investor.docusign.com prior to its webcast. "Docusign delivered powerful new innovation for customers highlighted by new capabilities to its Intelligent Agreement Management ("IAM") platform," said Allan Thygesen , CEO of Docusign. "In Q3, early IAM momentum outpaced expectations, and we continued to drive improvement in our core business with strong revenue growth and operating profit." Third Quarter Financial Highlights A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables included in this press release. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures and Other Key Metrics." Key Business Highlights: IAM Product Releases and Highlights : Docusign announced new product capabilities to its IAM platform. Highlights from recent product releases include: Contract Lifecycle Management ("CLM") Product Releases and Highlights : Developer Ecosystem: Guidance The company currently expects the following guidance: Total revenue $758 to $762 Subscription revenue $741 to $745 Billings $870 to $880 Non-GAAP gross margin 81.0 % to 82.0 % Non-GAAP operating margin 27.5 % to 28.5 % Non-GAAP diluted weighted-average shares outstanding 209 to 214 Total revenue $2,959 to $2,963 Subscription revenue $2,885 to $2,889 Billings $3,056 to $3,066 Non-GAAP gross margin 81.9 % to 82.1 % Non-GAAP operating margin 29.5 % to 29.7 % Non-GAAP diluted weighted-average shares outstanding 210 to 212 A reconciliation of non-GAAP guidance measures to corresponding GAAP guidance measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future. Stock-based compensation-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by many factors, including the timing of employee stock transactions, the future fair market value of our common stock, and our future hiring and retention needs, all of which are difficult to predict and subject to constant change. We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our historical non-GAAP financial results included in this release. Webcast Conference Call Information The company will host a conference call on December 5, 2024 at 2:00 p.m. PT ( 5:00 p.m. ET ) to discuss its financial results. A live webcast of the event will be available on the Docusign Investor Relations website at investor.docusign.com . Prepared remarks and the news release with the financial results will also be accessible on Docusign's website prior to the webcast. A live dial-in will be available domestically at 877-407-0784 or internationally at 201-689-8560. A replay will be available domestically at 844-512-2921 or internationally at 412-317-6671 until midnight (EST) December 19, 2024 using the passcode 13750095. About Docusign Docusign brings agreements to life. Over 1.6 million customers and more than a billion people in over 180 countries use Docusign solutions to accelerate the process of doing business and simplify people's lives. With intelligent agreement management, Docusign unleashes business critical data that is trapped inside of documents. Until now, these were disconnected from business systems of record, costing businesses time, money, and opportunity. Using Docusign's IAM platform, companies can create, commit, and manage agreements with solutions created by the #1 company in e-signature and CLM. Learn more at www.docusign.com . Copyright 2024. Docusign, Inc. is the owner of DOCUSIGN® and all its other marks (www.docusign.com/IP). Investor Relations: Docusign Investor Relations investors@docusign.com Media Relations: Docusign Corporate Communications media@docusign.com Forward-Looking Statements This press release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on our management's beliefs and assumptions and on information currently available to management, and which statements involve substantial risk and uncertainties. All statements contained in this press release other than statements of historical fact, including statements regarding our future operating results and financial position, our business strategy and plans, market growth and trends, objectives for future operations, and the impact of such assumptions on our financial condition and results of operations are forward-looking statements. Forward-looking statements in this press release also include, among other things, statements under "Guidance" above and any other statements about expected financial metrics, such as revenue, billings, non-GAAP gross margin, non-GAAP operating margin, non-GAAP diluted weighted-average shares outstanding, and non-financial metrics, as well as statements related to our expectations regarding the benefits, rollout and customer demand of the Docusign IAM platform. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements contained in this press release include, but are not limited to, statements about: our expectations regarding global macro-economic conditions, including the effects of inflation, volatile interest rates, and market volatility on the global economy; our ability to estimate the size and growth of our total addressable market; our ability to compete effectively in an evolving and competitive market; the impact of any data breaches, cyberattacks or other malicious activity on our technology systems; our ability to effectively sustain and manage our growth and future expenses and maintain or increase future profitability; our ability to attract new customers and maintain and expand our existing customer base; our ability to effectively implement and execute our restructuring plans; our ability to scale and update our platform to respond to customers' needs and rapid technological change, including our ability to successfully incorporate generative artificial intelligence into our existing and future products; our ability to successfully execute our technical developments, go-to-market and sales strategy for our IAM platform; our ability to expand use cases within existing customers and vertical solutions; our ability to expand our operations and increase adoption of our platform internationally; our ability to strengthen and foster our relationships with developers; our ability to retain our direct sales force, customer success team and strategic partnerships around the world; our ability to identify targets for and execute potential acquisitions and to successfully integrate and realize the anticipated benefits of such acquisitions; our ability to maintain, protect and enhance our brand; the sufficiency of our cash, cash equivalents and capital resources to satisfy our liquidity needs; limitations on us due to obligations we have under our credit facility or other indebtedness; our ability to realize the anticipated benefits of our stock repurchase program; our failure or the failure of our software to comply with applicable industry standards, laws and regulations; our ability to maintain, protect and enhance our intellectual property; our ability to successfully defend litigation against us; our ability to attract large organizations as users; our ability to maintain our corporate culture; our ability to offer high-quality customer support; our ability to hire, retain and motivate qualified personnel, including executive level management; our ability to successfully manage and integrate executive management transitions; uncertainties regarding the impact of general economic and market conditions, including as a result of regional and global conflicts; and our ability to maintain proper and effective internal controls. Additional risks and uncertainties that could affect our financial results are included in the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our annual report on Form 10-K for the fiscal year ended January 31, 2024 filed on March 21, 2024 , our quarterly report on Form 10-Q for the quarter ended October 31, 2024 , which we expect to file on December 6, 2024 with the Securities and Exchange Commission (the "SEC"), and other filings that we make from time to time with the SEC. The forward-looking statements made in this press release relate only to events as of the date on which such statements are made. We undertake no obligation to update any forward-looking statements after the date of this press release or to conform such statements to actual results or revised expectations, except as required by law. Non-GAAP Financial Measures and Other Key Metrics To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use certain non-GAAP financial measures, as described below, to understand and evaluate our core operating performance. These non-GAAP financial measures, which may be different than similarly-titled measures used by other companies, are presented to enhance investors' overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We believe that these non-GAAP financial measures provide useful information about our financial performance, enhance the overall understanding of our past performance and future prospects, and allow for greater transparency with respect to important metrics used by our management for financial and operational decision-making. We present these non-GAAP measures to assist investors in seeing our financial performance using a management view, and because we believe that these measures provide an additional tool for investors to use in comparing our core financial performance over multiple periods with other companies in our industry. However, these non-GAAP measures are not intended to be considered in isolation from, a substitute for, or superior to our GAAP results. Non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP operating margin, non-GAAP net income and non-GAAP net income per share : We define these non-GAAP financial measures as the respective GAAP measures, excluding expenses related to stock-based compensation, employer payroll tax on employee stock transactions, amortization of acquisition-related intangibles, amortization of debt discount and issuance costs, fair value adjustments to strategic investments, acquisition-related expenses, lease-related impairment and lease-related charges, restructuring and other related charges, as these costs are not reflective of ongoing operations and, as applicable, other special items. The amount of employer payroll tax-related items on employee stock transactions is dependent on our stock price and other factors that are beyond our control and do not correlate to the operation of the business. When evaluating the performance of our business and making operating plans, we do not consider these items (for example, when considering the impact of equity award grants, we place a greater emphasis on overall stockholder dilution rather than the accounting charges associated with such grants). We believe it is useful to exclude these expenses in order to better understand the long-term performance of our core business and to facilitate comparison of our results to those of peer companies and over multiple periods. In addition to these exclusions, we subtract an assumed provision for income taxes to calculate non-GAAP net income. We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For fiscal 2024 and fiscal 2025, we have determined the projected non-GAAP tax rate to be 20%. Free cash flow : We define free cash flow as net cash provided by operating activities less purchases of property and equipment. We believe free cash flow is an important liquidity measure of the cash that is available (if any), after purchases of property and equipment, for operational expenses, investment in our business, and to make acquisitions. Free cash flow is useful to investors as a liquidity measure because it measures our ability to generate or use cash in excess of our capital investments in property and equipment. Once our business needs and obligations are met, cash can be used to maintain a strong balance sheet and invest in future growth. Billings : We define billings as total revenues plus the change in our contract liabilities and refund liability less contract assets and unbilled accounts receivable in a given period. Billings reflects sales to new customers plus subscription renewals and additional sales to existing customers. Only amounts invoiced to a customer in a given period are included in billings. We believe billings can be used to measure our periodic performance, when taking into consideration the timing aspects of customer renewals, which represents a large component of our business. Given that most of our customers pay in annual installments one year in advance, but we typically recognize a majority of the related revenue ratably over time, we use billings to measure and monitor our ability to provide our business with the working capital generated by upfront payments from our customers. For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measure, please see "Reconciliation of GAAP to Non-GAAP Financial Measures" below. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended October 31, Nine Months Ended October 31, (in thousands, except per share data) 2024 2023 2024 2023 Revenue: Subscription $ 734,693 $ 682,352 $ 2,143,542 $ 1,991,026 Professional services and other 20,127 18,069 56,945 58,470 Total revenue 754,820 700,421 2,200,487 2,049,496 Cost of revenue: Subscription 134,587 114,227 393,561 339,354 Professional services and other 21,950 28,418 67,887 85,360 Total cost of revenue 156,537 142,645 461,448 424,714 Gross profit 598,283 557,776 1,739,039 1,624,782 Operating expenses: Sales and marketing 290,597 292,473 859,705 867,916 Research and development 151,101 136,640 432,992 387,964 General and administrative 97,555 108,215 277,162 316,910 Restructuring and other related charges — 710 29,721 30,293 Total operating expenses 539,253 538,038 1,599,580 1,603,083 Income from operations 59,030 19,738 139,459 21,699 Interest expense (462) (1,577) (1,150) (5,135) Interest income and other income, net 13,006 17,673 41,745 47,373 Income before provision for (benefit from) income taxes 71,574 35,834 180,054 63,937 Provision for (benefit from) income taxes 9,151 (2,971) (804,340) 17,198 Net income $ 62,423 $ 38,805 $ 984,394 $ 46,739 Net income per share attributable to common stockholders: Basic $ 0.31 $ 0.19 $ 4.81 $ 0.23 Diluted $ 0.30 $ 0.19 $ 4.69 $ 0.23 Weighted-average shares used in computing net income per share: Basic 203,567 204,456 204,674 203,609 Diluted 208,706 208,054 209,755 208,317 Stock-based compensation expense included in costs and expenses: Cost of revenue—subscription $ 14,862 $ 13,705 $ 44,636 $ 38,143 Cost of revenue—professional services and other 4,765 7,343 14,465 21,359 Sales and marketing 49,347 53,715 154,396 150,604 Research and development 53,184 48,310 150,816 129,458 General and administrative 31,070 36,337 91,239 111,271 Restructuring and other related charges — 8 4,836 4,996 CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands) October 31, 2024 January 31, 2024 Assets Current assets Cash and cash equivalents $ 610,870 $ 797,060 Investments—current 331,506 248,402 Accounts receivable, net 300,444 439,299 Contract assets—current 13,645 15,922 Prepaid expenses and other current assets 75,412 66,984 Total current assets 1,331,877 1,567,667 Investments—noncurrent 112,805 121,977 Property and equipment, net 278,623 245,173 Operating lease right-of-use assets 113,365 123,188 Goodwill 455,678 353,138 Intangible assets, net 83,307 50,905 Deferred contract acquisition costs—noncurrent 445,987 409,627 Deferred tax assets—noncurrent 816,538 2,031 Other assets—noncurrent 132,028 97,584 Total assets $ 3,770,208 $ 2,971,290 Liabilities and Equity Current liabilities Accounts payable $ 18,144 $ 19,029 Accrued expenses and other current liabilities 94,591 104,037 Accrued compensation 158,779 195,266 Contract liabilities—current 1,307,749 1,320,059 Operating lease liabilities—current 19,507 22,230 Total current liabilities 1,598,770 1,660,621 Contract liabilities—noncurrent 22,931 21,980( MENAFN - EIN Presswire) Beautiful facial transformation and natural looking results Female Hi-Def Body Contouring with Vaser Liposuction Male Hi-Def Body Contouring using Vaser Liposuction The field of aesthetic medicine is rapidly evolving, driven by advancements in technology, and the increasing demand for minimally invasive procedures. NEWPORT BEACH, CA, UNITED STATES, December 27, 2024 /EINPresswire / -- The Gallery of Cosmetic Surgery, led by the dynamic duo of Dr. Kevin Sadati and Dr. Ali Tehrani, is revolutionizing the field of plastic and aesthetic medicine with cutting-edge techniques, personalized care, and an unwavering commitment to natural, long-lasting results. Located in the heart of Newport Beach, this premier practice is setting new standards in facial rejuvenation, breast enhancement, and body contouring , delivering transformative outcomes that enhance confidence and beauty. Emerging Trends in Aesthetic Medicine in 2025 The field of aesthetic medicine is undergoing a remarkable evolution. With advancements in technology and a growing demand for minimally invasive procedures, patients now seek effective treatments with shorter recovery times and natural results. At the forefront of these advancements, Dr. Sadati and Dr. Tehrani are leading the way in offering innovative solutions tailored to the modern patient. Minimally Invasive Procedures Are on the Rise Patients today are prioritizing procedures that offer significant enhancements without the downtime associated with surgery. At The Gallery of Cosmetic Surgery, both Dr. Sadati and Dr. Tehrani incorporate cutting-edge treatments such as injectable fillers, neuromodulators like Botox, and advanced skin-tightening technologies. “These minimally invasive treatments are perfect for individuals who want subtle yet impactful changes,” explains Dr. Sadati, a renowned facial plastic surgeon.“Fillers can restore lost volume, while Botox smooths out fine lines, all with minimal recovery time.” Meanwhile, Dr. Tehrani, a board-certified expert in breast and body contouring, highlights the importance of radiofrequency-based technologies like Renuvion and BodyTite. These innovations provide effective skin tightening without the need for invasive surgery, offering patients noticeable results with minimal disruption to their daily lives. The Preservation Deep Plane Facelift: Redefining Facial Rejuvenation Dr. Sadati has garnered international recognition for his Preservation Deep Plane Facelift, an advanced technique that reimagines traditional facelift methods. This procedure focuses on repositioning deeper facial tissues, such as the Superficial Musculoaponeurotic System (SMAS), while preserving vascular integrity and minimizing trauma. Unlike conventional facelifts, which rely heavily on skin tightening, this innovative method achieves more natural, long-lasting results. “With the Preservation Deep Plane Facelift, we can rejuvenate the face while maintaining each patient's unique features,” says Dr. Sadati.“Our goal is to create a refreshed, youthful appearance that never looks overdone.” Performed under twilight sedation, this technique eliminates the need for general anesthesia, significantly reducing recovery time and potential risks. Comprehensive and Combination Treatments To deliver holistic results, the practice often combines multiple procedures in a single treatment plan. For example, Dr. Sadati integrates fat grafting and CO2 laser resurfacing with facelifts to address volume loss, tighten skin, and improve texture. “By blending techniques, we can amplify the overall outcome,” Dr. Sadati explains.“The result is a more harmonious, youthful appearance.” Similarly, Dr. Tehrani utilizes VASER liposuction to sculpt the body with unparalleled precision. This advanced method not only removes excess fat but also enhances natural contours, providing patients with high-definition results. Prioritizing Natural Aesthetics Patients are increasingly seeking subtle enhancements that emphasize natural beauty. Both Dr. Sadati and Dr. Tehrani believe that successful results should reflect a refreshed version of the patient without altering their essence. “Natural aesthetics are about respecting the individuality of each patient,” says Dr. Sadati.“Our work is designed to complement their existing features.” Dr. Tehrani adds,“Whether it's a breast enhancement or body contouring, the focus is always on achieving a balanced, harmonious look.” Commitment to Patient Care and Safety At The Gallery of Cosmetic Surgery, the patient experience goes beyond physical transformation. Both doctors emphasize the importance of addressing the emotional and psychological aspects of care. “Our approach is deeply personal,” says Dr. Tehrani.“We listen to our patients' goals and guide them toward the best treatment options to align with their vision.” Equally important is their dedication to safety and ethical practices.“Patients deserve transparency and the highest standards of care,” Dr. Sadati notes.“Choosing a qualified, board-certified surgeon is essential.” About Dr. Kevin Sadati Dr. Kevin Sadati is a nationally recognized facial plastic surgeon specializing in advanced facial rejuvenation techniques. With over 20 years of experience and more than 5,000 successful surgeries, Dr. Sadati's contributions to the field have earned him acclaim from both patients and peers. His Preservation Deep Plane Facelift has been featured in prestigious medical journals and presented at international conferences, cementing his reputation as a leader in the field. About Dr. Ali Tehrani Dr. Ali Tehrani is a highly skilled board-certified plastic surgeon specializing in breast and body contouring. Known for his innovative use of technologies such as VASER, Renuvion, and BodyTite, Dr. Tehrani has helped countless patients achieve their ideal physique. An international trainer and speaker, he shares his expertise with peers worldwide while continuing to refine his craft at The Gallery of Cosmetic Surgery. About The Gallery of Cosmetic Surgery Located in Newport Beach, California, The Gallery of Cosmetic Surgery is a premier destination for transformative aesthetic care. With a team led by Dr. Kevin Sadati and Dr. Ali Tehrani, the practice combines artistry, advanced techniques, and a patient-centered approach to deliver natural, long-lasting results. From facial rejuvenation to body contouring, the clinic offers a comprehensive suite of services tailored to each individual's needs. Kevin s Sadati Gallery of Cosmetic Surgery +1 9494858101 email us here Visit us on social media: Facebook LinkedIn Instagram YouTube TikTok Preservation Facelift Explained by Dr. Kevin Sadati Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above. MENAFN27122024003118003196ID1109036110 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. 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A recent study that recommended toxic chemicals in black plastic products be immediately thrown away included a math error that significantly overstated the risks of contamination, but its authors are standing by their conclusions and warn against using such products. Published in the peer-reviewed journal Chemosphere , experts from the nonprofit Toxic-Free Future said they detected flame retardants and other toxic chemicals in 85% of 203 items made of black plastic including kitchen utensils , take-out containers, children's toys and hair accessories. In a blog post, Joe Schwarcz, director of McGill University's Office for Science and Society in Canada, explained that the Toxin-Free Future scientists miscalculated the lower end of what the EPA considered a health risk through a multiplication error. Instead of humans being potentially exposed to a dose of toxic chemicals in black plastic utensils near the minimum level that the EPA deems a health risk, it's actually about one-tenth of that. (Dreamstime/TNS) The study initially said the potential exposure to chemicals found in one of the kitchen utensils approached the minimum levels the Environmental Protection Agency deemed a health risk. But in an update to the study, the authors say they made an error in their calculations and the real levels were "an order of magnitude lower" than the EPA's thresholds. The error was discovered by Joe Schwarcz, director of McGill University's Office for Science and Society in Canada. In a blog post, Schwarcz explained that the Toxin-Free Future scientists miscalculated the lower end of what the EPA considered a health risk through a multiplication error. Instead of humans being potentially exposed to a dose of toxic chemicals in black plastic utensils near the minimum level that the EPA deems a health risk, it's actually about one-tenth of that. Though Schwarcz said the risks outlined in the study aren't enough for him to discard his black plastic kitchen items if he had them, he agreed with the authors that flame retardants shouldn't be in these products in the first place. "The math error does not impact the study's findings, conclusions or recommendations," said Megan Liu, a co-author of the study who is the science and policy manager for Toxic-Free Future . She added that any traces of flame retardants or toxic chemicals in cooking utensils should be concerning for the public. Flame retardants are getting into commonly used items because black-colored products are being made from recycled electronic waste, such as discarded television sets and computers, that frequently contain the additives. When they're heated, the flame retardants and other toxic chemicals can migrate out. If you're wondering whether your old black plastic spoon or other utensils are a part of this group, Liu shared some more guidance. It's nearly impossible to know whether a black plastic product is contaminated. That's because these products that include recycled e-waste don't disclose a detailed list of all ingredients and contaminants in the product. Liu said it's also unclear how many types of flame retardants are in these black plastic products. Some of the products that researchers tested in this recent study "had up to nine different harmful chemicals and harmful flame retardants in them," she said. Anytime you're looking for the type of recycled plastic a product is made of you're going to look for a number within the chasing arrows (that form a triangle) logo. Recycling symbols are numbered 1 to 7 and we commonly associate the numbers with what we can toss in our blue recycling bins. The 1 through 7 numbers stand for, respectively, polyethylene terephthalate, high-density polyethylene, polyvinyl chloride (PVC), low-density polyethylene, polypropylene, polystyrene or Styrofoam, and miscellaneous plastics (including polycarbonate, polylactide, acrylic, acrylonitrile butadiene, styrene, fiberglass and nylon). The study found higher levels of toxic flame retardants in polystyrene plastic, which is labeled with the number 6, said Liu. There isn't a definitive timeline of when recycled electronic-waste started to be incorporated into black plastic products specifically, but e-waste started to get recycled in the early 2000s, Liu said. The way computers, cellphones, stereos, printers and copiers were being disposed of previously was to simply add them to a landfill without reusing salvageable parts. But as the National Conference of State Legislatures notes, electronics production required a significant amount of resources that could be recovered through recycling. Recovering resources such as metals, plastics and glass through recycling used a fraction of the energy needed to mine new materials. However, the study pointed out that flame retardants and other chemical contaminates have been detected in and near e-waste recycling facilities, in indoor air and dust at formal e-waste recycling facilities in Canada, China, Spain and the U.S. It also noted contamination in soil samples surrounding e-waste recycling sites in China and Vietnam. The safest nontoxic material options for kitchen utensil are wood and stainless steel. The 20th century brought airplanes, radio, television, the internet, and plastic. Lots of plastic. That plastic is now showing up on shorelines, forming islands in oceans, and generating mountains of translucent trash on land. Around 700 species of animals in the sea have been found to interact with plastic daily. Companies across every industry face pressure to reduce the amount of plastic they produce. Seventy-two percent of the world's largest have made voluntary commitments to reduce their plastic waste, according to a Duke University analysis. One industry, in particular, has greatly benefited from advancements in single-use plastic technology: the medical industry. Only in recent years have businesses and academics in the field begun to talk about minimizing their impact on our environment like beverage manufacturers and other consumer goods-producing businesses. Medical Technology Schools analyzed academic studies published in the National Library of Medicine , the American Medical Association , and news reports to shed light on the medical community's use of plastics through history, their environmental problems, and proposed solutions to reduce their impact. And the impact can be significant. A single hospital patient generates nearly 34 pounds of waste a day —as much as a quarter of it is plastic. The COVID-19 pandemic only worsened the problem. The pandemic pushed hospital capacity to the brink and led to a massive increase in personal protective equipment and medical supply usage. Medical-grade masks and other protective equipment like face shields, made mostly of nonrenewable plastics, were in high demand. In 2020, the World Health Organization estimated that the international need for PPE manufacturing would boost 40% to address the public health crisis. Hospitals needed an estimated 89 million masks, 76 million gloves, and 1.6 million goggles every month of the pandemic. To date, nearly 677 million COVID-19 vaccine doses have been administered, each requiring their own plastic syringe, according to data from the Centers for Disease Control and Prevention. Global consulting firm Frost & Sullivan estimated that the U.S. would produce a year's worth of medical waste in just two months due to the pandemic. The World Economic Forum warned that the COVID-19 crisis threatened to " stall and even reverse progress " to reduce large plastic waste. It's a challenge researchers acknowledge today as they search for solutions. Plastics introduced an era of ultraconvenience to the world. It makes our clothes. It's made bike helmets and airbags possible. And it's a cheap material to produce, meaning it's cheap for consumers too. Almost as importantly, it's durable and incredibly easy to make into complex shapes—a trait that helped plastics invented in the mid-20th century quickly replace more expensive metal and wooden goods. That adoption extended to the medical field, where the single-use nature of plastics represented a move toward more hygienic tools for physicians and hospitals. But it wasn't plastic's sanitary qualities that the industry first latched onto. Like so many other technical advancements, convenience and cost were the initial driving factors. That they were more conducive to creating a sterile environment for patients was a benefit that health care began to tout closer to the end of the 20th century. PVC, or polyvinyl chloride, replaced glass bottles previously used to hold IV solution and replaced rubber tubing used throughout hospital settings. Plastic has also become the go-to material for making syringes and catheters. Plastic products are generally made from chemicals derived from the oil and natural gas refining process. Chemists use those byproducts to create synthetic materials with malleable and durable chemical structures. The low cost of these materials has helped medical device-makers support better health outcomes for communities across the U.S. since the 1900s. No longer was health care priced at rates only the elite could afford—it was accessible to a much larger swath of the public. In the last decade, the U.S., in particular, has emerged as a massive market for medical plastics. The country generally accounts for nearly half of the global market for medical devices. Plastic's durability is not only a benefit but a detriment to the environment, as the material can take many years to deteriorate when it enters landfills or trashes oceans. Estimates vary widely, but scientists ballpark that depending on the kind of plastic and the environment in which it decomposes, it could take dozens to thousands of years to break down entirely. COVID-19, which remains a burden for health care systems, isn't the only force raising the stakes for a health care industry pressured to reduce reliance on plastics or find ways to reuse them. Global annual production of plastic has doubled in the last two decades , according to the Environmental Protection Agency. As the U.S. looks toward the future, its aging population is another factor that could exacerbate the rate at which medical plastics end up in landfills. People require more medical care as they age, and aging baby boomers are expected to place increased demand on the medical device industry. At the same time, governments are under pressure to lower health care costs, which have become unaffordable even for those insured . As recently as 2021, researchers lamented a lack of data on efforts to recycle medical plastics. Around 350 hospitals participate in Practice Greenhealth's Environmental Excellence Awards . Practice Greenhealth is an organization working to help hospitals increase their sustainability. It's one of the few sources of hospital sustainability data, and its roster of participating hospitals represents a small fraction of the more than 6,000 hospitals operating in the U.S. To meet the need to reduce plastic waste generation, some hospitals are moving away from using plastic in certain applications. Ronald Reagan UCLA Medical Center replaced health care workers' disposable plastic isolation gowns with reusable cloth gowns at its hospitals in the last decade, saving money and preventing literal tons of medical waste. It also implemented a process for sterilizing and incinerating the boxes that hold used needles, allowing them to be reassembled and reused in a health care setting. Recycling plastic medical waste is complicated by the potential for contamination and the need to separate contaminated and noncontaminated waste; once separated, they can be broken down with heat or treated with chemicals and reprocessed. However, using chemical methods to break down and dispose of plastics has drawbacks. Over 200 nongovernmental organizations signed a letter in 2023 urging the Biden administration to end federal support for methods like these, arguing they generate toxic pollutants. The Vinyl Council of Australia is working with hospitals to recover used materials made of PVC . The materials are broken down into tiny pieces, washed and heated at high temperatures, and remade into things used outside medical settings. In the U.S. and Europe, there's the Healthcare Plastics Recycling Council, a coalition of companies working in the health care device space that includes DuPont, Johnson & Johnson, and Medtronic. In 2021, the HPRC, advised by professionals at Kaiser Permanente and other health systems, rolled out a medical waste recycling pilot project with hopes of scaling it across more hospitals. Story editing by Ashleigh Graf. Copy editing by Paris Close. Photo selection by Clarese Moller. This story originally appeared on Medical Technology Schools and was produced and distributed in partnership with Stacker Studio. Sign up here to get the latest health & fitness updates in your inbox every week!

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Inman: Brock Purdy’s long-term outlook worth pondering as 49ers QB rests sore shoulder

WALGREENS is shuttering another store, forcing local customers to transfer prescriptions and head elsewhere for necessities. The location is now added to a list of over 1,200 planned closures throughout the next year. Shoppers who frequent the Walgreens at 4014 Plaza Goldorado Circle in Cameron Park, California , about 32 miles east of Sacramento, will be affected. It permanently closes its doors on January 27, 2025, per the Sacramento Business Journal . Two other Walgreens locations on 1401 Broadway and 7155 24th Street nearby will also close in the New Year , making it a total of three in the area axed for customers. The Broadway location shuts down on January 23, and the 24th Street spot on January 29. Read More on Walgreens Walgreens said there were "increased regulatory and reimbursement pressures" as far as the reasoning behind the closures in an email to the Sacramento Business Journal. It deemed the locations as underperforming and considered costs like rent , supplies, and staff salaries in its decision. Employees will have opportunities to transfer to other Walgreens stores. Customers at the Cameron Park store will also have their prescriptions transferred to a CVS pharmacy nearby, according to Walgreens. Most read in Money CLOSING TIME Walgreens locations have been slowly closing this year, and confirmation that there would be at least 1,200 axed from the chain's retail footprint was confirmed by Walgreens Boots Alliance CEO Tim Wentworth in October. Wentworth noted that the closures would take place over three years as part of a $1 billion cost-cutting program, which also sees the firing of several mid-level executives. At least 500 closures are planned for 2025 alone. The CEO seeks to bring back Walgreens' market value, as it was once worth $100 billion in 2015. As of 2024, the company is valued at $7.5 billion, a significant decrease. Market shares were also down about 70% this year, per data from The Wall Street Journal . We recognize where we are is a turnaround. "This turnaround will take time, but we are confident it will yield significant financial and consumer benefits over the long term," Wentworth noted in a press release earlier this year. POTENTIAL BUYER That turnaround could be sooner than expected if Walgreens Boots Alliance is bought out by private equity firm Sycamore Partners. If it goes through, Walgreens customers could see changes to the pharmacy chain's operations, as it would be taken off the public market. The deal hasn't been finalized but could be confirmed early next year. Sycamore recently bought other giants like Staples for $6.9 billion in 2017. Walgreens has also been catching attention for other reasons recently. Read More on The US Sun A $10 bathroom item went viral recently at Walgreens for performing better and being three times cheaper than a name-brand option. Walgreens also rolled out about 150 new items this summer despite shopper backlash.

US to send $1.25 billion in weapons to Ukraine, pushing to get aid out before Biden leaves office WASHINGTON (AP) — U.S. officials say the United States is expected to announce it will send another $1.25 billion in military assistance to Ukraine. It's part of a push by the Biden administration to get as much aid to Kyiv as possible before leaving office on Jan. 20. Officials say the large package of aid includes a significant amount of munitions, including for the National Advanced Surface-to-Air Missile Systems and the HAWK air defense system. It also will provide Stinger missiles and 155 mm- and 105 mm artillery rounds. The officials say they expect the announcement will be made on Monday. They spoke on condition of anonymity to provide details not yet made public. An online debate over foreign workers in tech shows tensions in Trump's political coalition WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in the president-elect’s political movement into public display. The argument previews fissures and contradictory views his coalition could bring to the White House. The rift laid bare tensions between the newest flank of Trump’s movement — that is, wealthy members of the tech world who want more highly skilled workers in their industry — and people in Trump’s Make America Great Again base who championed his hardline immigration policies. A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House says WASHINGTON (AP) — A top White House official says a ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Administration officials said this month that at least eight telecommunications companies, as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, a deputy national security adviser, said Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. Warren Upton, the oldest living survivor of the attack on Pearl Harbor, dies at 105 HONOLULU (AP) — The oldest living survivor of the 1941 Japanese attack on Pearl Harbor and the last remaining survivor of the USS Utah has died. He was 105. Warren Upton died Wednesday at a hospital in Los Gatos, California. Kathleen Farley, the California state chair of the Sons and Daughters of Pearl Harbor Survivors, says he suffered a bout of pneumonia. The Utah was moored at Pearl Harbor when Japanese planes began bombing the Hawaii naval base in the early hours of Dec. 7, 1941. The attack propelled the U.S. into World War II. Israeli troops forcibly remove staff and patients from northern Gaza hospital, officials say DEIR AL-BALAH, Gaza Strip (AP) — Gaza's Health Ministry says Israeli troops have stormed one of the last hospitals operating in the territory's north and forced many of the staff and patients outside. Then they had to remove their clothes in winter weather. Friday's incident was the latest assault on Kamal Adwan Hospital. Staff say it has been hit multiple times in the past three months by Israeli troops waging an offensive against Hamas fighters in the surrounding neighborhoods. Israel's military says Hamas uses the hospital as a base. It did not provide evidence, and hospital officials have denied it. Azerbaijani and U.S. officials suggest plane that crashed may have been hit by weapons fire U.S. and Azerbaijani officials have said weapons fire may have brought down an Azerbaijani airliner that crashed on Wednesday, killing 38 people. The statements from Rashad Nabiyev and White House national security spokesman John Kirby on Friday raised pressure on Russia. Officials in Moscow have said a drone attack was underway in the region that the Azerbaijan Airlines flight was destined for but have not addressed statements from aviation experts who blamed the crash on Russian air defenses responding to a Ukrainian attack. The plane was flying from Azerbaijan’s capital of Baku to Chechnya on Wednesday when it crashed, killing 38 people and leaving all 29 survivors injured. Court rules Georgia lawmakers can subpoena Fani Willis for information related to her Trump case ATLANTA (AP) — A judge has ruled that the Georgia state Senate can subpoena Fulton County District Attorney Fani Willis. It's part of a inquiry into whether Willis has engaged in misconduct during her prosecution of President-elect Donald Trump. But Fulton County Superior Court Judge Shukura Ingram is giving Willis the chance to contest whether lawmakers’ demands are overly broad before Willis responds. A Republican-led committee was formed earlier this year and sent subpoenas to Willis in August seeking to compel her to testify during its September meeting and to produce scores of documents. Willis argued that the committee didn’t have the power to subpoena her. US homelessness up 18% as affordable housing remains out of reach for many people Federal officials say the United States saw an 18.1% increase in homelessness, a dramatic rise driven mostly by a lack of affordable housing as well as devastating natural disasters and a surge of migrants in several parts of the country. The U.S. Department of Housing and Urban Development said that federally required tallies taken across the country in January found that more than 770,000 people were counted as homeless. That increase comes on top of a 12% increase in 2023, which HUD blamed on soaring rents and the end of pandemic assistance. Among the most concerning trends was a nearly 40% rise in family homelessness. What Snoop wants: Arizona Bowl gives NIL opportunities to players for Colorado State, Miami (Ohio) TUCSON, Ariz. (AP) — When Snoop Dogg agreed to become the sponsor of the Arizona Bowl, he had a demand: It must have a NIL component. Other bowls have provided NIL chances for single players the past few years, but the Arizona Bowl is believed to be the first to offer NIL compensation to every player on both Colorado State and Miami (Ohio). The players participated in youth clinics before Saturday's game and will be compensated for their time. Alex Ovechkin is on track to break Wayne Gretzky's NHL career goals record Alex Ovechkin of the Washington Capitals is chasing the NHL career goals record of 894 held by Wayne Gretzky. Ovechkin entered the season 42 goals short of breaking a record that long seemed unapproachable. He is set to play again Saturday at the Toronto Maple Leafs after missing more than a month with a broken left fibula. Ovechkin was on pace to get to 895 sometime in February before getting injured. At 868, he his 27 goals away from passing Gretzky.Not Purdy: 49ers hit Green Bay with backup QB, no Bosa