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FARMINGDALE, N.Y., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Enzo Biochem, Inc. ENZ ("Enzo" or the "Company") today announced financial results for the fiscal first quarter ended October 31, 2024. First Quarter Highlights Enzo ended the first quarter with aggregate cash and cash equivalents of $47.7 million. The net cash used in operating activities during the first quarter decreased by $4.4 million compared to the prior year. The Company's first-quarter revenue of $6.2 million declined year-over-year by 20% due to declining market demand related to general continued headwinds in the life sciences tools space. Recent Events The declared special cash dividend of $0.10 per share on its common stock was paid on December 2, 2024 to the holders of record as of the close of business on November 15, 2024. Jon Couchman became a director of the Company and member of the Company's Audit Committee, Nominating & Governance Committee and Compensation Committee effective November 22, 2024. Mr. Couchman is the Managing Member of Couchman Management LLC, an investment management company through which he manages private investments. Mr. Couchman has significant public company director experience and has served in various executive leadership roles. About Enzo Biochem Enzo Biochem, Inc. has operated as a life sciences company for over 45 years. The primary business of Enzo today is conducted through its Life Sciences division, Enzo Life Sciences, which focuses on labeling and detection technologies from DNA to whole cell analysis, including a comprehensive portfolio of thousands of high-quality products, including antibodies, genomic probes, assays, biochemicals, and proteins. The Company's proprietary products and technologies play central roles in translational research and drug development areas, including cell biology, genomics, assays, immunohistochemistry, and small molecule chemistry. The Company monetizes its technology primarily via sales through our global distribution network and licensing. For more information, please visit enzo.com or follow Enzo Biochem on X and LinkedIn . Forward-Looking Statements Except for historical information, the matters discussed in this release may be considered "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. Such statements include declarations regarding the intent, belief or current expectations of the Company and its management, including those related to cash flow, gross margins, revenues and expenses, which are dependent on a number of factors outside of the control of the Company, including, inter alia, the markets for the Company's products, cost of goods sold, other expenses, government regulations, litigation, and general business conditions. See Risk Factors in the Company's Form 10-K for the fiscal year ended July 31, 2024. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results. The Company disclaims any obligations to update any forward-looking statement as a result of developments occurring after the date of this release. Enzo Biochem Contacts For Enzo Biochem: Patricia Eckert, Chief Financial Officer Enzo Biochem 631-755-5500 peckert@enzo.com Use of Non-GAAP Financial Measures by Enzo The non-GAAP financial measures contained in this press release (including, without limitation, Adjusted net loss, EBITDA, and Adjusted EBITDA) are not GAAP measures of the Company's financial performance or liquidity and should not be considered as alternatives to net income (loss) as a measure of financial performance or cash flows from operations as measures of liquidity, or any other performance measure derived in accordance with GAAP. A reconciliation of such non-GAAP measures is included in the presentation of the Company's financial results for the quarter ended October 31, 2024 contained herein and is also available in the investor relations section of the Company's website ( https://www.enzo.com ). The Company believes the presentation of these non-GAAP measures provides useful additional information to investors because they provide information consistent with that on which management evaluates the financial performance of the Company. The Company manages its business based on its operating cash flows. It refers to EBITDA as its primary indicator of performance and refers to Adjusted EBITDA to further exclude items of a non-recurring nature. It is reasonable to expect that one or more excluded items will occur in future periods, though the amounts recognized can vary significantly from period to period. You are encouraged to evaluate each adjustment used to determine a non-GAAP financial measure and the reasons management considers it appropriate for supplemental analysis. Our presentation of these measures should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. We refer you to the tables attached to this press release, which includes reconciliation tables of GAAP net loss to Adjusted net loss and GAAP net loss to EBITDA and Adjusted EBITDA. ENZO BIOCHEM, INC. (in thousands, except per share data) Three months ended Selected operations data: October 31, (unaudited) 2024 2023 Revenues $ 6,213 $ 7,806 Gross profit 2,280 3,455 Gross profit % 37 % 44 % Operating loss (3,622 ) (5,476 ) Net loss from continuing operations (3,071 ) (5,675 ) Net loss from discontinued operations (305 ) (941 ) Net loss $ (3,376 ) $ (6,616 ) Net loss per common share – basic and diluted – Continuing Operations ($0.07 ) ($0.11 ) Net loss per common share – basic and diluted – Discontinued Operations $0.00 ($0.02 ) Total net loss per basic and diluted common share ($0.07 ) ($0.13 ) Weighted average common shares outstanding – basic and diluted 52,244 50,184 Selected balance sheet data: 10/31/2024 (unaudited) 7/31/2024 (unaudited) Cash and cash equivalents $ 47,735 $ 52,371 Working capital 36,264 45,237 Stockholders' equity 47,658 56,112 Total assets 75,291 85,764 The following table presents a reconciliation of reported net loss and basic and diluted net loss per share to Adjusted net loss and Adjusted basic and diluted net loss per share for the three months ended October 31, 2024. ENZO BIOCHEM, INC. Non-GAAP Reconciliation Table (Unaudited, in thousands, except per share data) Three months ended October 31, 2024 Reported GAAP loss $ (3,376 ) Adjusted for: Discrete legal matters 288 One time inventory provision 252 Net loss from discontinued operations 305 Adjusted net loss $ (2,531 ) Weighted Shares Outstanding: Basic and diluted 52,244 Basic and diluted earnings per share: Basic and diluted net loss per share GAAP ($0.07 ) Basic and diluted net loss per share non-GAAP ($0.05 ) The following table presents a reconciliation of reported GAAP net loss for the three months ended October 31, 2024 to EBITDA and Adjusted EBITDA: ENZO BIOCHEM, INC. EBITDA & Adjusted EBITDA Reconciliation Table (Unaudited, in thousands) Three months ended October 31, 2024 GAAP net loss $ (3,376 ) Plus (minus): Depreciation and amortization 319 Interest (income) expense, net (620 ) EBITDA (3,677 ) Adjusted for: Discrete legal matters 288 One time inventory provision 252 Net loss from discontinued operations 305 Foreign exchange loss 192 Adjusted EBITDA $ (2,640 ) © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Trump convinced Republicans to overlook his misconduct. But can he do the same for his nominees?LONDON : SailGP will launch its fifth season in Dubai this weekend with Rolex as its title partner, reinforcing a relationship with the Swiss luxury watchmaker since the birth of the league in 2019. Rolex, which has been involved in the sport of sailing for nearly 70 years, will also become title partner for the Los Angeles grand prix in mid-March next year and will continue as the official timepiece for SailGP under the 10-year deal. "What they really like about SailGP is it's modern, it's attracting a larger and a younger audience and the fact that this is an annual championship," said SailGP CEO Russell Coutts, adding Rolex had become "inextricably linked with the league". Coutts told Reuters that with SailGP into a fifth season it was able to provide the certainty to sponsors, venues and team owners that had been lacking from sailing events in the past. SailGP, in which teams race state-of-the-art, one-design 50-foot foiling catamarans at high-profile venues around the world, was founded and backed by Oracle's Larry Ellison, who was earlier involved in successful U.S. America's Cup campaigns. Coutts said there were still other areas where SailGP was in talks to sign up partners, highlighting energy and financial services as possible areas of interest. "We think we've got a really unique property in some regards," Coutts said, pointing to the on-site fan experience and hospitality which form part of the SailGP events. "The sport hasn't had a platform like this where they could activate and plan ... a 10-year arrangement, it just hasn't existed before now, not an entity that's professionally televised and marketed in a consistent way," he added. With Brazil and Italy joining the league for season five, there will be a total of 12 teams competing from early 2025, with SailGP offering bonus prize money of $7 million. Alterations to the foils which lift the catamarans out of the water mean that the F50s are expected to "fly" even faster this season than last, with Coutts predicting speeds of 110 kilometres per hour in the right wind conditions. 'MORE VISIBLE' Joël Aeschlimann, International Sponsorship Manager for Rolex, told Reuters that the brand will be "much more visible in and around SailGP in the coming years". Its distinctive logo is prominently on show on the jib sails of the catamarans. "We were really happy to be one of the founding partners and had a strong belief that the vision that Russell and Larry had would work," Aeschlimann said of SailGP. Aeschlimann said this faith had paid off and the package that SailGP has assembled allows for enjoyment whether watched from the shore, on screen or from the water, encompassing all the ingredients that a modern sports event needs. A combination of the best sailors, technological innovation and the mix of human emotions and achievements were among the elements that made SailGP appealing to Rolex, he added. Rolex is title sponsor of 15 major international sailing events, including the Sydney-Hobart and Fastnet races, and partners institutions including the New York Yacht Club and Britain's Royal Yacht Squadron. It also has ties with individuals involved in SailGP such as Ben Ainslie, who owns and runs the British team, Tom Slingsby, who skippers Australia's F50, and double Olympic gold medallist Hannah Mills, who is Britain's team strategist. Rolex had been partner to Formula 1 since 2013 but was replaced this year by French luxury giant LVMH, which agreed to a 10-year sponsorship deal.

Scores of people were killed on Sunday when a passenger jet crash-landed at an airport in southwestern South Korea , with the aircraft careening down the runway on its belly before bursting into flames. Just two of the 181 people on board the plane survived, after the deaths of 179 people were confirmed, according to the local fire department. The two crew members were pulled alive from the crash site. It is the deadliest aviation disaster to hit South Korea since 1997, when a Korean Airlines Boeing 747 crashed in the Guam jungle, with the loss of 228 lives. What happened? Jeju Air flight 7C 2216 from Bangkok was carrying 175 passengers and six crew when disaster struck at the airport in Muan county, on the country's southwestern tip, just after 9am local time (1pm NZT) Sunday. Footage of Sunday's crash broadcast by multiple South Korean news outlets showed the plane sliding on its belly at high speed, hitting an earthen embankment and erupting in a fireball. Neither the back nor front landing gear was visible in the footage - broadcast by networks including YTN , JTBC and MBC - as smoke poured from the back of the sliding aircraft. Firefighters were later seen using water cannons to extinguish the blazing wreckage of the aircraft, which was listed as a Boeing 737-800 on flight-tracking site FlightAware. Several parts of the aircraft were also seen strewn across the runway. The victims include 84 males, 85 females, and 10 people whose gender could not be determined, according to the South Jeolla Fire Service. Both of the survivors were crew members, one male and one female, according to the rescue team. Two Thai nationals were among those on board, according to the South Korean Land Ministry. All the other passengers were South Korean. What caused the accident? Experts told CNN that the plane's undercarriage - specifically, the wheels used for takeoff and landing - appeared not to have fully deployed before landing. But what caused this failure to deploy is still unclear. Aviation analysts said more evidence is needed before South Korean authorities can definitively pinpoint what might have caused Sunday's crash, including speculation from local officials about a possible bird strike prior to the crash landing. The comments came after Lee Jeong-hyun, the head of the Muan Fire Department, briefed the media that the cause was "estimated to be the occurrence of a bird strike or bad weather." Footage of the crash showed clear skies at the time. David Soucie, former Federal Aviation Administration safety inspector, said that "speculation is the worst enemy of an investigator." "In fact, that's why it's so protected when there is an aircraft accident investigation, the information is protected. They're not supposed to be making any speculation about this type of thing," Soucie told CNN 's Paula Newton. Aviation industry consultant Scott Hamilton echoed Soucie's concerns and urged South Korean authorities to "stop making declarative statements" at this stage. Sunday's crash is "very perplexing" given that both the aircraft and carrier have a strong safety record and flying conditions were excellent, an aviation journalist said. The Boeing 737-800 is one of the most widely used aircraft in the world and each one is used for about four or five flights per day, Geoffrey Thomas, editor of Airline News, told CNN 's Paula Newton. "It is the most reliable aircraft in the world, and it's been in service for 20 years," he said. "Everybody knows how it works. And it works really, really well. And the maintenance done in (South) Korea is as good as it gets around the world." "It's a little bit unclear whether or not the undercarriage collapsed on landing or whether the undercarriage was not deployed at all. This is a really serious issue that obviously investigators will be very much focused on," Thomas added. He added "it is perplexing" that the crash happened, given it was landing under dry and sunny conditions at a good airport. Jeju Air's chief executive said the aircraft had shown "no signs of issues" prior to Sunday's accident. "At this time, it is difficult to determine the cause of the accident, and we have to wait for the official announcement of the investigation by the relevant government agency," Kim Yi-bae said during a press briefing at the airport. Where is the investigation focused? Officers from the national Incident Investigation Committee had arrived to look into what caused the accident. The National Transportation Safety Board (NTSB) is leading a team of US investigators, including from Boeing and the Federal Aviation Administration (FAA), to assist South Korean authorities with their investigation of the crash. The NTSB said any information about the investigation would be released by South Korea's Aviation and Railway Accident Investigation Board (ARAIB). According to a briefing from South Korea's Land Ministry, the control tower had instructed the pilot to change course to land in the opposite direction, to avoid the potential bird strike. The pilot followed the instructions. Approximately one minute later, the pilot made a mayday call to the tower. The landing attempt occurred approximately two minutes after the mayday call, according to the ministry. Authorities are continuing their investigation. The "black box" flight data recorder and the voice recording device have been recovered by the accident investigation committee, officials from the ministry said. The flight data recorders or so-called "black boxes" offer aviation safety investigators critical facts when piecing together an incident. More than 700 personnel from the police, military, and coast guard have been mobilized for on-site response efforts, the ministry added. What are the authorities saying? South Korea's acting president said the site of Sunday's plane crash has been declared a special disaster zone as he vowed a full investigation into what caused the deadly disaster. "We will concentrate all resources on recovery and support for the victims. All necessary resources are being mobilized, and a special disaster zone has been declared," Choi Sang-mok said in a statement. Choi, who travelled to the crash site on Sunday, extended his "heartfelt condolences to the bereaved families" and pledged to make every effort to manage the aftermath of the incident and prevent similar accidents in future. The tragedy comes only two days into Choi's acting presidency, the latest chapter in a time of political chaos in South Korea. The country's current president, Yoon Suk Yeol, was stripped of his powers by parliament two weeks ago following a short-lived martial law order that plunged the country into political disarray. He is currently suspended while a top court decides his fate. Han Duck-soo, the man who stepped in to replace Yoon as acting president, was impeached by parliament on Friday, meaning Choi - the finance minister and deputy prime minister - stepped in for him. What has the plane's maker said? Boeing extended its condolences to those who lost loved ones in the crash. "We are in contact with Jeju Air regarding Flight 2216 and stand ready to support them," Boeing said in a short statement posted to its X account. "We extend our deepest condolences to the families who lost loved ones and our thoughts remain with the passengers and crew," the company added. The US aviation giant has had a turbulent time in recent years, including two 737 Max crashes, a tragedy for which the company agreed to plead guilty to deceiving the Federal Aviation Administration during the certification process for the plane. However, analysts have described the Boeing 737-800 - an earlier and different model to the Max - as a reliable workhorse of the skies with an extremely strong safety record. What the families have said The scene inside Muan International Airport Sunday afternoon was one of heartbreak and anguish as relatives and loved ones waited for news. Many of those gathered burst into tears or cried out as authorities read victims' names out loud, video footage from Reuters showed. Several relatives could be seen yelling at officials, demanding more information. "I'm going crazy," one man could be heard shouting in the video. People were also seen hugging each other and wiping their tears. A father of one of the Thai victims, Boonchuay Duangmanee, told the Associated Press he "never thought that this would be the last time we would see each other forever." His daughter, Jongluk, had been working in a factory in South Korea for several years, he told the AP. She had been back in Thailand visiting family before departing on the flight from Bangkok to Muan International Airport. "I heard that the plane exploded in Korea this morning. But I did not expect at all that my daughter would be on this flight," he said. Another man who lost his daughter told Reuters he had not heard from her before the crash. "She was almost home so she didn't feel the need to make a call," 71-year-old Jeon Je-Young said of his daughter Jeon Mi-Sook. "She thought she was coming home. I figure in those last moments when she did try to reach out, the damage had already been done and the plane had probably crashed," he said. - CNNNoneGRAPEVINE, Texas (AP) — GRAPEVINE, Texas (AP) — GameStop Corp. (GME) on Tuesday reported net income of $17.4 million in its fiscal third quarter. On a per-share basis, the Grapevine, Texas-based company said it had net income of 4 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, were 6 cents per share. The video game retailer posted revenue of $860.3 million in the period. This story was generated by Automated Insights ( http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on GME at https://www.zacks.com/ap/GME

The grumbles about Christmas arriving ridiculously early with TV adverts for big High Street names being screened and cards, tinsle, baubles and trees being on sale almost two months before December 25th are getting louder. Comedian Dawn French launched the first of a six-part M&S Xmas food campaign on November 4th. The company's festive fashion and home advert first went out on November 7th. A week later the John Lewis Christmas advert, titled The Gifting Hour - a two-minute story about a woman searching for the perfect Christmas gift for her sister was aired. Now, in the middle of Twixmas the country's supermarket giants have eclipsed that - by stocking their shelves with Easter eggs. With Easter Sunday falling on April 20 next year, customers have shared their confusion on social media after finding chocolate eggs and hot cross buns already for sale in shops including Morrisons, Tesco and Asda . One user, @Jingle1991, shared an image of Malteser Bunnies in Sainsbury’s on Christmas Eve and pointed out: “Jesus hasn’t even been born yet.” Easter Eggs on the shelves in Morrisons this weekend in Chippenham (Image: Mike Chalmers PA) Meanwhile, Gary Evans from Margate shared a shot of Creme Eggs on display in Morrisons in Margate on Boxing Day. “I just think its crazy that everything is so superficial and meaninglessly commercial... (there’s) something quite frantic about it,” the 66-year-old told the PA news agency. Joseph Robinson found Easter confectionary including Cadbury Mini Eggs, and themed Kit-Kat and Kinder Surprise products at his local Morrisons in Stoke-on-Trent on Friday evening. “It’s funny, as they’ve not even managed to shift the Christmas chocolates off the shelves yet and they’re already stocking for Easter,” the 35-year-old admin support worker told PA. “I wish that Supermarkets weren’t so blatantly consumerist-driven and would actually allow customers and staff a time to decompress during the Christmas period.” Asked if he was tempted to make a purchase, Mr Robinson added: “As a vegan it holds no appeal to me!” Mike Chalmers, a devout Christian from Chippenham, Wiltshire, was slightly less critical after spotting a display entitled: “Celebrate this Easter with Cadbury.” “Christmas and Easter are the two centrepoints of the Christian good news story so it’s no bad thing to see the connections,” the 44-year-old said. "It’s about more than shapes of chocolate though!” One person's reaction to Easter eggs appearing on supermarket shelves. Marketing consultant Andrew Wallis admitted he was surprised to see Easter eggs in the Co-op in Kilgetty, Pembrokeshire, but added it also illustrates “forward-thinking” from big businesses. “It made me reflect on how big brands are always thinking ahead and planning early,” the 54-year-old from the Isle of Man, who provides marketing advice to the fitness industry, told PA. "My message to retailers would be: while planning ahead is important, it’s also essential to be mindful of consumer sentiment. “Some might feel it’s too early for seasonal products like this but others might see it as a sign of forward-thinking. Striking the right balance is key to keeping customers happy.”

Saquon Barkley rushed for 167 yards to join the 2,000-yard club and the Philadelphia Eagles clinched the NFC East title with a lopsided 41-7 victory against the visiting Dallas Cowboys on Sunday. The Eagles (13-3) swept the rival Cowboys (7-9) for the first time since 2011 and locked up at least the No. 2 seed in the NFC playoffs. With his 11th 100-yard game of the year, Barkley became the ninth player in NFL history to rush for 2,000 yards in a season. Sitting on 2,005 yards, he needs 101 to break Eric Dickerson's NFL single-season record of 2,105 set in 16 games in 1984. Starting for Philadelphia with Jalen Hurts in the concussion protocol, Kenny Pickett tallied a touchdown pass and a touchdown run before exiting early in the third quarter with a rib injury. Tanner McKee, making his NFL debut, replaced Pickett and threw a 20-yard touchdown pass to A.J. Brown to put the Eagles up 34-7 with 2:44 left in the third quarter. McKee added a 25-yard TD pass in the fourth quarter to DeVonta Smith, who finished with six catches for 120 yards and two scores. The Cowboys turned the ball over four times. Cooper Rush threw two interceptions and one touchdown pass and Rico Dowdle rushed for 104 yards to notch his first 1,000-yard season (1,007). Philadelphia built a 24-7 halftime lead by scoring 17 points off three Dallas turnovers. The Cowboys' opening drive ended in a 70-yard interception return for a touchdown by C.J. Gardner-Johnson. Rush shook off the pick-6 and fired a game-tying 4-yard TD pass to Jalen Tolbert with 5:38 left in the first quarter. Pickett's 22-yard strike to Smith put Philadelphia ahead for good at 14-7 midway through the second quarter. Jake Elliott's 31-yard field goal made it 17-7 after Jordan Davis recovered a fumble by the Cowboys' Jake Ferguson. Gardner-Johnson's second interception gave Philadelphia the ball back with 36 seconds left in the half. Smith's 49-yard catch got the Eagles to the doorstep and Pickett punched it in. Elliott's 26-yarder extended the lead to 27-7 on the first drive of the third quarter, but Pickett's day was over after absorbing a hit from Micah Parsons. --Field Level MediaONIX Exchange Opens a New Era of Convenient Cryptocurrency Trading