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Our 2024 Top Real Estate Producers List Is Here

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When it comes to the local real estate market, these people know how to close a deal. Our annual look at the region’s top performing agents.

Created by Benjamin Purvis using AI

You probably know that the local real estate market is difficult for buyers right now: record prices, far more demand than inventory, increased mortgage rates. However, if you’re looking to break into the competitive market, you may not know who can best help you navigate the situation. We can help: Our brand new list of Boston’s top real estate producers is here.

To compile our annual list, which also appears in our June 2024 print edition, Boston asked the real estate industry representing our readership area (cities within or partially within I-495) and the Cape and Islands region to complete an online survey The residential real estate sales volume of individual agents (or teams or groups of agents) for the 12-month period ending December 31, 2023. Additionally, a panel of local industry experts reviewed submissions for accuracy and inclusivity. Those who met the thresholds for individual agents ($20 million) and teams of two or more ($30 million) are listed in alphabetical order with their main office location and phone number. This list of top producers was self-compiled and was dependent on the involvement of agents/companies. Therefore, it should not be assumed that all local agents who meet the qualification levels will be included.

Send questions about Boston Magazine’s Top Real Estate Producers to topproducers@bostonmagazine.com.

Orgenesis Provides Business Update for the First Quarter of 2024 By Investing.com

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GERMANTOWN, Md., May 21, 2024 (GLOBE NEWSWIRE) — Orgenesis (NASDAQ:) Inc. (NASDAQ: ORGS) (Orgenesis or the Company), a global biotech company working to unlock the full potential of cell and gene therapies (CGT) in order to improve access and outcomes in healthcare, today provided a business update for the first quarter ended March 31, 2024.

Vered Caplan, CEO of Orgenesis, said, We continue to advance the commercialization of our decentralized platform through Octomera, our strategic CGT processing subsidiary, including our Orgenesis Mobile Processing Units and Labs (OMPULs). OMPULs offer a rapid, standardized industrial cleanroom alternative at or near the point of care, which can be rapidly deployed and scaled at a significantly lower cost than centralized production. Importantly, we recently regained 100% ownership of Octomera in a strategic transaction, which not only provides us full control over this subsidiary as we roll out these services to global customers, but also supports the development of our own proprietary therapeutic pipeline, including our immune-oncology portfolio. We believe the combination of our breakthrough therapies, coupled with our decentralized production of CGTs, have positioned Orgenesis to transform the industry by enabling the production of life-saving therapies in a fraction of the time and at much lower cost.

We also recently announced a major strategic partnership with Germfree, a leading innovator in modular cleanroom infrastructure and services. Under the agreement, Germfree will co-market Orgenesis’ decentralized Octomera services and provide us access to Germfree’s global network and customer base. As a result, we plan to accelerate our go-to-market strategy with the OMPULs, while increasing our focus on our therapeutic pipeline. As part of our therapeutic strategy, we are effectively leveraging government grants and funding from regional partners. To date, we or our collaboration partners have been awarded over $50 million in potential future grant funding to support our development activities. With the addition of Germfree as a partner and the grants awarded but not yet spent, we believe that we have built a strong foundation.

During March and April 2024, the Company received investments of approximately $2.5 million from a group of accredited investors, including a group of sophisticated, long-term healthcare professionals. Ms. Caplan concluded: As a company dedicated to the goal of making cell and gene therapies available to all, we are always appreciative of our dedicated scientists and engineers whom are aligned with this goal and work around the globe to make this a reality for patients, as well as our supportive shareholders whom, on May 21, 2024, in a significant demonstration of such support of the Company, agreed to exchange approximately $16 million of debt for an aggregate of 15.8 million shares of common stock to be issued by the Company over time, subject to Nasdaq compliance limitations.

The complete financial results for the first quarter of 2024 are available on the Company’s website in the Company’s Form 10-Q, which has been filed with the Securities and Exchange Commission.

About OrgenesisOrgenesis is a global biotech company that has been committed to unlocking the potential of cell and gene therapies (CGTs) since 2012 as well as a paradigm-shifting decentralized approach to processing since 2020. This new model allows Orgenesis to bring academia, hospitals, and industry together to make these essential therapies a reality sooner rather than later. Orgenesis is focusing on advancing its CGTs toward eventual commercialization, while partnering with key industry stakeholders to provide a rapid, globally harmonized pathway for these therapies to reach and treat a larger numbers of patients more cost effectively and with better outcomes through great science and decentralized production. Additional information about the Company is available at: www.orgenesis.com.    

Notice Regarding Forward-Looking Statements This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These forward-looking statements involve substantial uncertainties and risks and are based upon our current expectations, estimates and projections and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including, but not limited to, our reliance on, and our ability to grow, our point-of-care cell therapy platform and OMPUL business, our ability to achieve and maintain overall profitability, our ability to manage our research and development programs that are based on novel technologies, our ability to control key elements relating to the development and commercialization of therapeutic product candidates with third parties, the timing of completion of clinical trials and studies, the availability of additional data, outcomes of clinical trials of our product candidates, the potential uses and benefits of our product candidates, our ability to manage potential disruptions as a result of the COVID-19 pandemic, the sufficiency of working capital to realize our business plans and our ability to raise additional capital, the development of our POCare strategy, our trans differentiation technology as therapeutic treatment for diabetes, the technology behind our in-licensed A™Ps not functioning as expected, our ability to further our CGT development projects, either directly or through our JV partner agreements, and to fulfill our obligations under such agreements, our license agreements with other institutions, our ability to retain key employees, our competitors developing better or cheaper alternatives to our products, risks relating to legal proceedings against us and the risks and uncertainties discussed under the heading “RISK FACTORS” in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.

IR contact for Orgenesis:Crescendo Communications, LLCTel: 212-671-1021Orgs@crescendo-ir.com

Communications contact for OrgenesisIB CommunicationsMichelle BoxallTel +44 (0)20 8943 4685michelle@ibcomms.agency

(tables follow)

ORGENESIS INC.CONSOLIDATED BALANCE SHEETS(U.S. Dollars, in thousands)
             
    As of  
    March 31,2024     December 31,2023  
Assets            
             
CURRENT ASSETS:                
Cash and cash equivalents   $ 80     $ 837  
Restricted cash     485       642  
Accounts receivable, net of credit losses of $29,760 as of March 31, 2024 ($0 as of December 31, 2023)     245       88  
Prepaid expenses and other receivables     1,112       2,017  
Receivables from related parties           458  
Inventory     34       34  
TOTAL CURRENT ASSETS     1,956       4,076  
                 
NON-CURRENT ASSETS:                
Deposits   $ 255     $ 38  
Investments in associates     8       8  
Property, plant and equipment, net     16,404       1,475  
Intangible assets, net     8,950       7,375  
Operating lease right-of-use assets     1,804       351  
Goodwill     1,211       1,211  
Other assets     332       18  
TOTAL NON-CURRENT ASSETS     28,964       10,476  
TOTAL ASSETS   $ 30,920     $ 14,552  
CONSOLIDATED BALANCE SHEETS(U.S. Dollars, in thousands)
 
    As of  
    March 31,2024     December 31,2023  
Liabilities net of (Capital Deficiency)                
                 
CURRENT LIABILITIES:                
Accounts payable   $ 13,707     $ 6,451  
Accounts payable related Parties     2,697       133  
                 
Accrued expenses and other payables     4,106       2,218  
Income tax payable     786       740  
Employees and related payables     1,529       1,079  
Other payable related parties           52  
Advance payments on account of grant     2,695       2,180  
Short-term loans     626       650  
Current maturities of finance leases     65       18  
Current maturities of operating leases     476       216  
Short-term and current maturities of convertible loans     2,344       2,670  
TOTAL CURRENT LIABILITIES     29,031       16,407  
                 
LONG-TERM LIABILITIES:                
Non-current operating leases   $ 1,274     $ 96  
Loans payable     2,696        
Convertible loans     20,336       18,967  
Retirement benefits obligation     98        
Finance leases     14       4  
Contingent liability (see note 4)     4,643        
Other long-term liabilities     377       61  
TOTAL LONG-TERM LIABILITIES     29,438       19,128  
TOTAL LIABILITIES     58,469       35,535  
                 
CAPITAL DEFICIENCY:                
Common stock of $0.0001 par value: Authorized at March 31, 2024 and December 31, 2023: 145,833,334 shares; Issued at March 31, 2024 and December 31, 2023: 34,625,349 and 32,163,630 shares, respectively; Outstanding at March 31, 2024 and December 31, 2023: 34,338,782 and 31,877,063 shares, respectively.     4       3  
Additional paid-in capital     159,650       156,837  
Receipts on account of shares to be allotted     155        
Accumulated other comprehensive income     126       65  
Treasury stock, 286,567 shares as of March 31, 2024 and December 31, 2023     (1,266 )     (1,266 )
Accumulated deficit     (186,386 )     (176,622 )
Equity attributable to Orgenesis Inc .     (27,717 )     (20,983 )
Non-controlling interest     168        
TOTAL CAPITAL DEFICIENCY     (27,549 )     (20,983 )
TOTAL LIABILITIES AND CAPITAL DEFICIENCY   $ 30,920     $ 14,552  
ORGENESIS INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (INCOME)(U.S. Dollars,  in thousands, except share and per share amounts)
             
    Three Months Ended  
    March 31,     March 31,  
    2024       2023  
             
Revenue   $ 141     $ 142  
Cost of revenues     492       2,722  
Gross loss     (351 )     (2,580 )
Cost of development services and research and development expenses     2,370       3,281  
Amortization of intangible assets     153       207  
Selling, general and administrative expenses including credit losses, net of $3,225 and $9,489 for the three months ended March 31, 2024 and 2023 respectively     6,056       13,528  
Operating loss     8,930       19,596  
Loss from deconsolidation     66        
Other income, net           (2 )
Loss from extinguishment in connection with convertible loan     141       283  
Credit loss on convertible loan receivable           2,688  
Financial expenses, net     852       681  
Share in net loss of associated companies           2  
Loss before income taxes     9,989       23,248  
Tax expense     16       129  
Net loss     10,005       23,377  
Net income (loss) attributable to non-controlling interests (including redeemable)     (240 )     (3,907 )
Net loss attributable to Orgenesis Inc.     9,765       19,470  
Loss per share:                
Basic and diluted   $ 0.29     $ 0.87  
                 
Weighted average number of shares used in computation of Basic and Diluted loss per share:                
Basic and diluted     33,176,657       26,477,113  
                 
Comprehensive loss:                
Net loss   $ 10,005     $ 23,377  
Other Comprehensive loss (income) “ Translation adjustment     (61 )     41  
Comprehensive loss     9,944       23,418  
Comprehensive loss attributed to non-controlling interests     (240 )     (3,907 )
Comprehensive loss attributed to Orgenesis Inc.   $ 9,704     $ 19,511  

 

Source: Orgenesis Inc.



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Where to Find the Best Gluten-Free Restaurants in Greater Boston

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Dedicated gluten-free nights, special menus—and did someone say gluten-free pizza?

Prima, an Italian steakhouse in Charlestown, has gluten-free Mondays. / Courtesy of Prima Boston

For gluten-free folks, finding a place to eat out with a group can be a slog, since the old standbys of pasta and pizza seem off the table. But these 16 Greater Boston restaurants dish out mindful meals that skip the gluten, and not the taste, with either separate gluten-free menus or servers on standby to help pick your plates. As always, check in with the restaurant about your allergies and cross-contamination. Then get ready to savor house-made gluten-free pastas (yes, really) and crisp-edged arepas, not to mention some piece of mind.

First published May 20, 2024.

Bar Volpe

Yes, celebrated chef Karen Akunowicz serves pristine Best of Boston-worthy pasta at her southern Italian spot. But worth a trip alone is the gluten-free grilled octopus with a Sicilian chickpea stew and rose harissa—with slightly charred tentacles that pop from the spicy stew. There’s also a roast chicken boosted by black truffle and served with Tuscan kale and fingerling potatoes too. Even better: make a reservation and mention a gluten allergy and the servers will have a separate gluten-free menu already waiting at the table.

170 W. Broadway, Boston, 617-865-7100, barvolpe.com

See also: Top Chef All Stars’ Karen Akunowicz Opens Bar Volpe in South Boston

Burtons Grill & Bar

If your culinary travels take you outside of the city, hit up one of Burtons’ locations and dig into the special separate gluten-free menu. In fact, the bread service—gluten-free focaccia with pesto, herbed garlic butter, and olive tapenade—might be worth a trip to Burlington alone. The classic-focused menu showcases favorites like burgers, fresh salads loaded with goodies, and huge steaks. The general tso bowl—which skips the allergen-unfriendly batter usually found in this beloved Chinese-American dish—is a real treat, along with the gnocchi studded with succulent shrimp and lobster.

43 Middlesex Turnpike, Burlington, 781-221-2281; 30 Worcester Road, Framingham, 774-540-6005; Derby Street Shops, 94 Derby St., Hingham, 781-749-1007, burtonsgrill.com.

Capo’s gluten-free chicken parmesan / Courtesy of Capo Restaurant & Supper Club

Capo Restaurant and Supper Club

Leave it to delightfully raucous Capo to roll out the welcome mat in a big way. Along with allergy-sensitive options available every day, the entire menu is gluten-free on Tuesday nights. Come ready to bite into the behemoth menu, with everything from scores of antipasti—tuna crudo with crispy shallots, prosciutto-wrapped figs with goat cheese—to pizzas and rigatoni alla vodka among the seven-plate pasta menu. Another reason to celebrate: gluten-free garlic bread, hallelujah! A special treat is the gluten-free risotto menu, too, where a lobster version is an especially decadent delight.

443 W. Broadway, South Boston, 617-993-8080, caposouthboston.com

Carolicious Venezuelan Food

Who knew that within Somerville’s Aeronaut Brewing Co., there’s a veritable Venezuelan bounty? “Everything is gluten-free” declares the menu at Carolicious, and it’s worth several trips to traipse through the whole offerings of arepas—or cornmeal cakes stuffed with a wealth of ingredients. The slightly crispy outside and fluffy inside is the perfect home for beef and cheese (the classic pelua) and chicken, avocado, and mayo (the reina pepeada). The fillings both stay true to the founders’ Venezuelan roots—meats, cheese, beans, and avocado—and get a little more global, like the capresa, filled with mozzarella and fresh basil. All the goodies are topped with a signature basil sauce (you’ll want to get extra). A couple of bowls and gluten-free desserts like vegan brownies are on offer, too.

Within Aeronaut Brewing Co. Food Hub, 14 Tyler St., Somerville, 857-316-7842, carolicious.net.  

An exterior of a restaurant has the name, Comfort Kitchen, painted in green on the building, and a small green sign says the same.

Comfort Kitchen. / Photo by Stefanie Belnavis/The Diahann Project

Comfort Kitchen

This Best of Boston Dorchester spot has snagged accolades and recognition from near and far since its 2023 opening in Upham’s Corner. It might as well take home another trophy solely for how detailed the menu is, labeling menu items as gluten-free so you won’t feel like you’re pestering the servers. Most of the menu is gluten-free or can be made that way with a few quick adjustments. Blue-ribbon bites include the beef kafta with yogurt tahini and roasted duck with bold jerk spices that’s served with rice and peas, plus a zipply pickled relish condiment called pikliz. End things on a sweet note with a slice of Basque cheesecake, too.

611 Columbia Rd., Dorchester, Boston, 617-329-6910, comfortkitchenbos.com.

Review: Comfort Kitchen Beautifully Executes a Soulful, Global Menu

Front-row seats to the Newbury Street bustle. / Photo by Adam Detour

Faccia a Faccia

Let’s face it, when thinking of gluten-free options, pasta does not immediately spring to mind. But at Ken Oringer’s coastal Italian nosh-spot on Newbury, nearly all the pastas can come with a celiac-safe pasta instead—and not a random boxed pasta, but one lovingly made in-house. Stuff your face with cacio e pepe with a zippy chive crème fraiche and a sea-celebrating dish with uni, squid ink, and melted leeks bolstered by Calabrian chili. The il pisello, meanwhile, pairs the classic flavors of English peas with a basil-mint pesto. Celiac-friendly non-pasta plates include mozzarella sticks and fried artichoke if you’re feeling like making a meal out of allergy-friendly appetizers.

278 Newbury St., Boston, 857-991-1080, facciabruttaboston.com.

Jennifer Lee’s Gourmet Bakery

Three magic words: “Gluten” “free” “bakery.” Instead of skipping the baked goods, hoof it over to this bakery inside the Boston Public Market, where chef/owner Jennifer LaSala casts a spell with cinnamon buns, cookies, cakes, and more. Everything is not only gluten-free, but also free of the top allergens of dairy, eggs, peanuts, tree nuts, fish, shellfish, soy, and sesame. The daily-rotating roster includes both sweet and savory delights, from strawberry shortcake blondies to calzones. Breakfast sandwiches on bagels or white bread that’s made in-house include vegan cheesesteaks and spins on classic sausage, egg, and cheese sandwiches, too. Plus, Lee ships nationwide for you to send coffee-cake care packages for friends not lucky enough to live nearby.

Inside the Boston Public Market, 100 Hanover St., Boston, 978-414-5180; 127 Cambridge St., Worcester, jenniferleesshoppe.com.

See also: Where to Find Gluten-Free Bakeries Near Boston

Kane’s Donuts

It’s a heck of a lot easier to roll out of bed in the morning knowing that there’s a donut waiting for you once you swat the alarm. Kane’s Donuts, with a downtown spot as well as two Saugus locations, perks things up with especially robust gluten-free offerings: donuts made in a different facility with completely different utensils and oil as the other items on the menu. The flavors are no afterthought either. Find ten varieties, from plain glazed to cinnamon sugar, maple bacon and butter crunch. Coconut delights are looking for a dunk in coffee, while jelly donuts bring the dessert-for-breakfast vibes.

90 Oliver St., Boston, 857-317-2654; 120 Lincoln Ave, Saugus, 781-233-8499; 1575 Broadway, Saugus, 781-558-5179, kanesdonuts.com.

An interior shot of Krasi. There are gray and white plastered walls, two tables with four individual place settings, a royal blue seating banquette, a framed contemporary illustrations of Poseidon and Pythagoras.

Krasi’s dining room. / Photograph by Brian Samuels

Krasi

Come to this wine-forward Back Bay Greek spot with a deity-sized appetite. As an added boon, many of the meze and larger meals are gluten-free, with a separate menu available upon request. Dive into the dips—you’ll have to skip their pillowy pita, but sliced veggies are an equally divine delivery method—like the htipiti (spicy whipped feta with roasted red peppers) and the tzatziki Greek yogurt dip with cucumber and dill. The tsipoura (a grilled whole sea bream with shaved fennel) and a sea bass carpaccio with mustard seeds and plums swim among the seafood offerings, while pork belly with mustard and a daily rotating selection of skewers tempt landlubbers. For dessert, the flourless chocolate cake is downright heavenly.

48 Gloucester St., Boston, 617-536-0230, krasiboston.com.

The Lexington

Lest you worry about being cooped up inside, look to the Lexington in Cambridge Crossing for a roof deck restaurant and bar, plus a dedicated gluten-free menu. Better yet, the Lexington has a separate gluten-free fryer—the spot’s French fries with parmesan and black garlic aioli and crispy maple-tossed Brussels sprouts absolutely need to be in everyone’s life. Another allergy-safe option is the silky burrata with roasted butternut squash. And the French onion grilled cheese on gluten-free toast? It’s a masterful mouthful of Gruyere, caramelized onion, and mushroom jus that’s basically the lovechild of French onion soup and a classic grilled cheese.

100 N First St., East Cambridge, 617-945-1349, thelexingtoncx.com.

The dining room at Myers + Chang. / Photo by Ruby Wallace-Ewing

Myers + Chang

This beloved South End neighborhood is a hit every time. Absolutely pop in for dinners of tofu fresh rolls packed with herbs and served alongside kicking chili-peanut sauce, spicy barbecue roast pork with rice noodles, and Indonesian fried rice studded by pork and shrimp that’s so addictive no one will bat an eye if you lick your plate. Gluten-free options are all labeled clearly on the menu. Which just makes the dim sum brunches, served Thursdays to Sundays, even more of a homerun. Where else can you scarf down plate after plate of ginger-scallion bok choy, lemongrass mussels that are still screaming hot from the wok, and cool off with spicy green papaya salad before noon? Look to the housemade gluten-free ginger fortune cookie for some life advice, too.

1145 Washington St., South End, 617-542-5200, myersandchang.com.

Nebo

No surprise that Nebo landed on this list, as it nabbed our trophy for best gluten-free menu a few years back. Even diners who swear by their Nonna’s lasagna recipe are bound to be swayed by the zucchini lasagna at this elegant Atlantic Wharf eatery. After all, it kicked Bobby Flay’s keister on Beat Bobby Flay. The separate gluten-free menu sees a wealth of antipasti—grilled sweet and spicy Italian sausage, calamari with Mediterranean aioli, cured meats with cheeses and jams—plus plenty of pastas and pizzas. Take a walk on the dark side with the fra diavolo, which sees Maine lobster and shrimp swimming in a spicy sauce, or lighten up with the bianco white pizza. All in, Nebo dishes out comforting flavors, buoyed by the fact that these plates are allergy safe.

520 Atlantic Ave., Boston, 617-723-6326, neborestaurant.com

Petula’s gluten-free mushroom pizza topped with caramelized onions, ricotta and fried garlic. / Courtesy of Petula’s

Petula’s

Sunny and soothing Petula’s is a little slice of heaven on L Street in Southie. And then there are the actual slices—the gluten-free pies, that is. We’d call the 12-inch beauties “personal pizzas,” but more than likely you should bring a few friends, all share a bunch, and call ‘em “social slices.” Take the ridiculously good prosciutto and delicate squash pizza, bearing dollops of ricotta and drizzles of pesto, plus the pristine margherita. Save room, too, for the veggie, as hot honey plays well off the confit green garlic and bounty of garden delights. Other plates, plus a bountiful seafood tower, are clearly marked as gluten-free, too.

81 L St., South Boston, petulasboston.com.

See also: Petula’s, a Charming All-Day Restaurant, Is Opening in South Boston

Go to Prima for all the meats. / Courtesy Prima

Prima

Get gussied up and start your week with some decadence at this swanky Italian steakhouse in Charlestown. You can find allergen-free options other days of the week, but Mondays are totally gluten-free with a special menu—and everyone needs a reason to celebrate a Monday, anyway. Sure, you can stick to lighter offerings. Take the Caesar salad with baby lettuces and pecorino cheese, or the tuna crudo with earthy pine nuts balanced by briny capers. But who are you kidding—come here for all the meats. Rack of lamb. Ribeye. Aged striploin and dry-aged porterhouse steaks the size of your face. Top it all with butter-poached lobster because while life is short, Mondays always feel too long.

10 City Sq., Charlestown, Boston, 617-804-7400, primaboston.com.

See also: The Most Beautiful Restaurants in Greater Boston

Shy Bird

While plenty of the restaurants on this list call for dressed-up date nights, sometimes you just need a chill hangout with some grub. Shy Bird, an all-day rotisserie spot that started in Cambridge, expanded not long ago to the industrial-chic Iron Works development on Old Colony Ave. in Southie. That nesting spot means you and your pals can go rock climbing at Rock Spot, hit the pickleball courts at PKL, then flock to Shy Bird for rotisserie chicken, snacks, and other entrees. The rotisserie chickens are the main event, of course, and besides the piri piri bird, the other options are gluten-free and served with sauces and a house salad. Other clearly marked gluten-free items take flight, like the blackened shrimp tostada that gets a lift from a chipotle lime crema, and the steak a la plancha with smashed potatoes that sing with pecorino cheese.

12 Old Colony Ave., Boston, 617-766-8309; 390 Third St., Cambridge, 617-714-4200, shybird.com.

See also: Shy Bird Has Landed in Kendall with Wine, Coffee, and Rotisserie Fare

Tres Gatos

Come to pick up some records and books, stay for the gluten-free tortilla Española, with Yukon gold potatoes, eggs, and pimentón aioli. The Spanish menu at this favorite neighborhood go-to changes based on the season, but that hit-single of a dish is pretty much always in residence. Let the servers know about an allergy and they’ll bring you a marked menu with gluten-safe items. Most things that don’t hit the fryer can be adjusted for a gluten allergy, too. Of note, the paella—a vegetarian version with eggplant and mushroom sofrito, especially—should be in your rotation. Get a small for $35 for yourself, or a large for $56 for yourself (plus leftovers!).

470 Centre St., Jamaica Plain, 617-477-4851, tresgatosjp.com.

Did we miss one of your faves? Email us.

Also: Where to Find Gluten-Free Bakeries Near Boston

Apple’s payments business remains largely underappreciated by investors By Investing.com

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Apple’s payment business is heavily underappreciated among investors, said Evercore ISI analysts in a note, citing positive feedback from their conversations with an expert who previously worked building payments products at Apple (NASDAQ:).

“The call added to our conviction that Apple has some solid growth runway around Apple Pay, B2C payments, and potentially B2B payments over the long-term,” Evercore analysts noted.

“Apple Pay remains the main focus and most of the moves they are making in the space are driven by a desire to increase Apple Pay adoption,” they added.

This includes recent efforts to work with companies to replace employee badges with Apple Pay, similar to how Apple collaborated with transit providers to replace transit cards with Apple Pay functionality.

Apple’s B2C payment initiatives have mainly centered around tap-to-pay, targeting micro-merchants and enabling them to turn their iPhones into point-of-sale devices.

Now, the tech giant is partnering with companies like Stripe to provide businesses with a more comprehensive payment service. However, over time, the expert believes Apple may aim to handle the entire payment stack in-house, Evercore said.

“The Expert also noted Apple could leverage its growing presence in the enterprise space to enable more B2B functionality over time rather than continuing to focus exclusively on B2C,” said analysts.

One area where Apple Pay trails behind peers like PayPal (NASDAQ:) is in the e-commerce space, Evercore pointed out.

PayPal is widely accepted by over 70% of online retailers, whereas Apple Pay has much lower acceptance rate. Yet, Apple’s announcement of a Buy Now, Pay Later (BNPL) service could help close this gap, as many online retailers seek to offer a digital wallet and BNPL within a single solution.

“If Apple can narrow this gap, we think a large portion of it’s 1B+ iPhone users would prefer to simply log into Apple Pay when making a purchase rather than re-entering payment information on every website they use,” the investment firm concluded.



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Our Guide to the 12 Best Restaurants on Nantucket

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If you’re heading to New England’s favorite small island with dune beaches this summer, we’ve found the best stops.

Topper’s in Wauwinet is a beacon of elegance. / Courtesy of White Elephant Resorts

Known among summer residents and visitors as an excellent culinary destination, the tiny island of Nantucket offers even more fine dining options than the (usually flip-flopped) atmosphere of Martha’s Vineyard. However, alongside the most popular local institutions, there are always new offerings, bites and places to try. Here’s our list of the best places for breakfast, lunch, dinner and everything in between in this little slice of heaven.

Note: Call before visiting or check restaurant websites for opening times and dates, especially in the off-season. Many restaurants are only open in the summer and may not open early or late.

Last updated on May 21, 2024.

Photo of Breeze Restaurant via Yelp

Breeze Restaurant

Breeze is a picture-perfect, nautical-themed spot that combines casual dining with an upscale menu (one that tastes even better on the back patio). It’s tucked away in the Nantucket Hotel – so don’t be surprised if you catch a glimpse of a celeb or two overnight. (Former Pats coach Bill Belichick was even spotted there, proving he’s a man who appreciates well-prepared coastal cuisine.) The most famous dish by now may be the restaurant’s clam chowder, perhaps the best on the island, although the lobster -Tacos are also part of the A-list.

77 Easton St., Nantucket, 508-228-4730, breezenantucket.com.

Photo by Foggy Nantucket via Yelp

Foggy Nantucket

After a long day at the beach, there’s nothing more satisfying than pizza. Except maybe barbecue. Why not have both? This family-owned business offers thin-crust, deep-dish pizzas, and since the owners grew up in the South, their slabs of dry-rubbed, hickory-smoked BBQ are seriously on point, too. Think burnt ends, beans, coleslaw and all the trimmings, including the “Family Packs” offered for your next beach picnic.

147 Orange St., Nantucket, 508-680-1737, foggynantucket.com.

Galley Beach

This beautiful spot is located right on the northwest shore of the island, literally on the beach overlooking Nantucket Sound, so the restaurant already has the right vibe. On the menu? New American, of course, eats with a strong focus on seafood, such as the lobster poached in yuzu butter. While your toes dig in the sand, sip a premium selection from a 5,000-bottle wine cellar (not bad for the site of a former ’50s clam shack) or perhaps mix cocktails by the beachfront fire pits in the bar.

54 Jefferson Ave., Nantucket, 508-228-9641, galleybeach.net.

Handlebar Café

The cafe is our favorite place to grab a caffeinated sip with their famous cold brews and matcha lattes. It has a lovely bike theme and plenty of dog-friendly outdoor seating. It is probably the best coffee on the island. So be prepared to wait for your cappuccino on weekend mornings. With any luck, the lines will be over by the time you drive back from your adventure and are ready to treat yourself to something sweet from the daily selection of pastries.

15 Washington St., Nantucket, 508-825-5929, handlebarnantucket.com.

Photo of island kitchen by Tracey L. via Yelp

Island kitchen

Pretty, elegant, and as unpretentious as it gets, this friendly indoor-outdoor spot in the middle of the island is open year-round, serving breakfast, lunch, and dinner to hungry locals and tourists alike. Breakfast includes everything from classics like Eggs Benedict to healthy options like smoothies and açaí bowls for that post-sunrise yoga set. (Imagine sipping a pomegranate-cranberry mimosa.) For lunch and dinner, there are subtle twists on favorite classics like fish tacos and shrimp scampi, while a seasonal ice cream parlor has 30 homemade ice cream flavors available at any given time—cake batter, anyone? – served for dessert.

1 Chins Way, Nantucket, 508-228-2639, nantucketislandkitchen.com.

citrus press

From morning to midday, this bright and cheerful lunchtime café is the place to be to get fueled up for whatever comes next. It offers plenty of grab-and-go dishes and spreads that will make you want to linger: perhaps the Persian breakfast of eggs, duck confit hash and date chutney, or a kofta burger with herbed feta and pickled onions. Healthy açaí bowls and smoothies are also very important here and even the cocktails are prepared with fresh juices – such as the refreshing Apricot Cooler of Rye, apricot-peach puree and ginger beer.

41 Main St., Nantucket, 508-228-3800, lemonpressnantucket.com.

Millie’s photo by Albert S. via Yelp

Millie’s Restaurant

Hop on your bike or take the shuttle to Madaket if you haven’t tried this West End and West Coast institution yet for the cold margaritas and fresh fish tacos that will be on your mind when you walk up the T in the dead sitting of winter. At this simple, breezy spot, you’ll find flavorful dishes inspired by New England and Baja California—try summer quesadilla stuffed with lobster meat, slow-roasted tomatoes, and grilled zucchini—as well as the Madaket Mystery, a rum punch of local legend.

326 Madaket Rd., Nantucket, 508-228-8435, milliesnantucket.com.

The Nautilus / Photo by Georgie Morley

The Nautilus

If you’ve already tried Nautilus’ new Seaport outpost, you know you’re in for a treat when you visit this upscale, seafood-focused spot on the island. His creativity is particularly evident in global small plates like crispy monkfish bites with caramel fish sauce and Vietnamese fish sauce, but the whole roasted Peking duck stands out among the larger-format dishes. Look out for the crab fried rice. If it’s on the menu, it’s a must. Another “must”? Reservations are strongly recommended.

12 Cambridge St., Nantucket, 508-228-0301, thenautilus.com.

or: The whale

There’s no shortage of lovely patios for dining here on the island, but the one at The Whale, where you’ll find vegan and vegetarian options as well as delicious Korean pork BBQ for the table, is extra special, with a casual backyard intimacy that is suitable for a date night or brunch with a crowd of friends. Don’t oversleep lunch though, as there are smaller versions of the same style, like country ham toast and a falafel gyro.

38 Main St., Nantucket, 508-825-5897, otwnantucket.com.

pizzeria Twins

Pizzeria Gemelle emphasizes Neapolitan-style cakes with matching side dishes and wines – all simply and expertly prepared. Pizzaiolo Elio DiMambro, who grew up north of Boston as a first-generation Italian, conjures up combinations like the Calabrese with ‘nduja sausage, tomato sauce, basil, red onion and chili flakes, and a local mussel pizza with parsley crema and bacon, using only the freshest ingredients and a wood stove. The small trattoria doesn’t have much seating, but what’s better than pizza on the beach?

2 East Chestnut St., Nantucket, pizzeriagemelle.com.

Straight quay

Seasonal menus don’t get more seasonal than at Straight Wharf, where the prix fixe menu changes nightly to offer the freshest dishes from the farm and from the sea. For example, you could start with salmon crudo topped with pickled gooseberries and leek ash, then move on to a spice-coated catch of the day with artichokes, ‘nduja, and a Meyer lemon green olive tapenade. You’ll probably even be able to see where the catch was caught: The recently expanded outdoor seating offers great harbor views from the dock.

6 Harbor Square, Nantucket, 508-228-4499, Straightwharfrestaurant.com.

Photo courtesy of White Elephant Resorts

Topper is on Wauwinet

The Wauwinet Resort’s exceptional location on a Far Eastern isthmus overlooking the water deserves Nantucket’s best restaurant. That’s what you’ll find at Topper’s, a seasonally inspired beacon of elegance with decades of refinement and a regal wine cellar. Comte cheese-stuffed morels, scallops, and tender sweetbreads can show up on the evening prix fixe, while breakfast and lunch offer a la carte offerings like vanilla bean french toast and lobster crab cakes with sweet-spicy mustard and roasted-corn relish.

120 Wauwinet Rd., Nantucket, wauwinet.com.

Real estate group lists 10 short-term Nantucket rental properties

0

Property

As the debate over whether or not to allow short-term rentals on the island continues, one real estate agent says it is over.

Nantucket from above, looking towards Madaket Harbor. David L. Ryan / The Boston Globe, file

The Copley Group, a Boston-based real estate company and one of Nantucket’s largest short-term rental providers, has put the majority of its island portfolio on the market, potentially deterring hundreds of families from renting these properties in the future.

The move comes less than two weeks after Islanders voted to reject a zoning bylaw change that would have legally allowed short-term rentals in residential developments and then approved a ban on corporate ownership of short-term rentals. It’s unclear how the ban, if approved by the attorney general, would impact Copley Group’s rental properties.

As first reported by Nantucket Current, Maury People Sotheby’s International Realty listed 10 of Copley Group’s 12 properties as vacation properties on Sunday.

The properties are priced between $3.99 million and $5.99 million, which together means the Copley Group is asking more than $38.9 million for the ten homes.

  • Nantucket residents are rejecting a controversial short-term rental proposal

According to city assessor records, between 2012 and 2019, the Copley Group acquired 10 homes through a series of transactions totaling about $17 million.

Because Nantucket has few hotels and no resorts, homeowners have been renting their properties to vacationers for a century.

In recent years, the debate over short-term rentals on Nantucket has heated up. Since 2021, residents have rejected four proposals that would restrict who in the island community can rent out their home and for how long.

The Copley Group was at the center of this debate. Founder Norman Levenson, a Nantucket resident for decades, first came under the radar of ACK Now, the political action group led by millionaire Peter McCausland, when the group provided financial support to neighbors who sued his company over one of his short-term rentals in 2020.

According to real estate records, Copley Group sold the property for $3.2 million and dismissed the lawsuit.

The Current reported that Levenson responded by funding efforts to thwart ACK Now’s proposed search warrants that sought to restrict short-term rentals on the island by forming the Alliance to Protect Nantucket’s Economy in 2023.

ACK Now, in turn, argued that corporate-owned short-term rental companies like The Copley Group are driving up home and rental prices and displacing year-round neighborhoods.

“Without the rental housing on the island, the economy wouldn’t be the same,” Levenson told N Magazine in 2021. “The restaurants won’t do the same, the shop owners, it trickles down to the T-shirt shops.” Charter boats, the tour buses. The people who live on the island all year round work in all of these places.”

Levenson and real estate agent Gary Winn did not respond to a request for comment about the property sales.

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Sidus Space Reports First Quarter 2024 Financial Results and Provides Business Update By Investing.com

0

CAPE CANAVERAL, Fla.–(BUSINESS WIRE)–Sidus Space, Inc. (NASDAQ:SIDU) (the Company or Sidus), a Space and Data-as-a-Service satellite company, announced its financial results for the first quarter ended March 31, 2024 and provided a business update. The Company is scheduled to host a conference call and webcast today, Monday, May 20th, at 5:00 p.m. ET.

During the first quarter of 2024, we successfully launched and deployed our first LizzieSat from the SpaceX Transporter-10 Rideshare Mission, representing the first of several satellites we are planning to launch into Low Earth Orbit. With this new launch, the first commercial satellite designed, manufactured and operated by the company, we have demonstrated our expertise in vertical manufacturing integration as well as our ability to successfully deploy and operate a 275lb satellite with multiple technologies supporting a broad range of applications and customers. This unprecedented success lays the foundation for our continued growth as we prepare for LizzieSat-2 and 3, which are manifested for launch with SpaceX in the fourth quarter of this year, said Carol Craig, Founder and CEO of Sidus.

Successfully launching LizzieSat into orbit was a key milestone for Sidus and a vital element of our strategy to position our company as a leader in the Space ecosystem. Our Space-based Data-as-a-Service business model that is enabled by our LizzieSats has the capacity to scale rapidly and generate meaningful, high-margin revenue as we continue deploying additional LizzieSats into orbit, Ms. Craig concluded.

Operational Highlights for the Quarter Ending March 31, 2024:

  • Successfully launched and deployed first ever hybrid 3D printed, Artificial Intelligence (AI) enhanced micro satellite on SpaceX Transporter-10 rideshare mission
  • Established two-way communications with LizzieSat™ SCN 59132
  • Teammate on winning Solis Applied Science team for National Geospatial-Intelligence Agency IDIQ research and development contract with $794 million ceiling
  • Awarded contract for technology hosting payload contract with ASPINA
  • Announced publication of new U.S. patent application for LizzieSat platform
  • Completed contract to deliver onboard computing flight hardware with final revenue payments
  • Unveiled cutting-edge multi-material 3D printed space hardware division
  • Achieved AI and hardware contract revenue milestones
  • Secured NOAA approval to provide imaging services to government and commercial customers

Subsequent Operational Highlights:

  • Completed commissioning Phase and began operating as a fully functional satellite ID# 59132
  • Began activation of customer payloads including NASA ASTRA
  • Executed subcontract with Intuitive Machines as a Teammate on the NASA Lunar Terrain Vehicle Services (LTVS) contract
  • Delivered Electronic LCS Cabinets to Bechtel as Part of NASA’s Mobile Launcher 2
  • Expanded sales reach by executing agreement with Orbital Transports for global market reach
  • Awarded additional contract with HEO, a Leading Provider of Non-Earth Imaging and Data, for NEI Payload and Data Services on LizzieSat-3
  • Unveiled Commercial Mission Control Center for expansion across Space ecosystem

Corporate Governance and Capital Formation Highlights:

  • Appointed Bill White as Chief Financial Officer
  • Appointed Richard J. Berman to Board of Directors
  • Raised Gross Proceeds of $15.2 Million through the Exercise of Warrants and Two Equity Offerings

Financial Highlights for the First Quarter Ending March 31, 2024:

Total revenue for the three months ended March 31, 2024, totaled approximately $1.1 million, a decrease of $1.2 million compared to total revenue for the three months ended March 31, 2024. This decrease was primarily driven by the timing of fixed price manufacturing milestone contracts related to delivery of hardware as directed by the contract requirements. Additionally, timing of satellite contract payments from existing customers varies for each calendar year. Due to customer driven delays, both manufacturing and satellite milestone payments shifted to the right and are expected to increase in the second half of the year.

Cost of revenue decreased 29% for the three months ended March 31, 2024, to approximately $1 million as compared to approximately $1.4 million for the three months ended March 31, 2023. The decrease in cost of revenue is primarily driven by the reduction of total revenue.

Gross profit margin decreased to 8% for the first quarter of 2024 as compared to 40% for the first quarter of 2023 due to the higher percentage of material costs as compared to labor for manufacturing contracts and the shifting of the satellite milestones due to customer delays along with the change in calculation of COGS.

Selling, general, and administrative expenses for the first quarter ended March 31, 2024, totaled approximately $3.6 million as compared to $3.5 million for the same period the prior year. The slight increase was primarily due to fundraising expenses from two capital raises in Q1 2024 and an increase in Mission Operations support expense related to ground support required for tracking and communicating with our first satellite, partly offset by a reduction in D&O insurance expenses, marketing and investor relations expenses.

Adjusted EBITDA loss, a non-GAAP measure, for the three months ended March 31, 2024, totaled $2.7 million as compared to an Adjusted EBITDA loss of $2.6 million for the same period the prior year. Total non-GAAP adjustments for interest expense, depreciation and amortization, acquisition deal costs, severance costs, capital markets and advisory fees, equity-based compensation, and warrant costs are provided in the reconciliation table listed below.

Net loss for the three months ended March 31, 2024, was $3.8 million as compared to a net loss of $3.4 million for the same period the prior year.

Balance Sheet:

At March 31, 2024, the Company had cash of $6.2 million as compared to $1.2 million at December 31, 2023. During the quarter, the Company received gross proceeds of $15.2 million through the exercise of warrants and two offerings.

Current liabilities decreased by approximately $4.0 million to approximately $8.2 million as of March 31, 2024, from approximately $12.2 million as of December 31, 2023. The decrease was primarily attributable to a decrease in accounts payable and other current liabilities and our asset-based loan liability.

Total stockholders’ equity increased to $17.2 million as of March 31, 2024 as compared to $7.1 million as of December 31, 2023.

As of May 20, 2024 the Company had 4,081,344 Class A common shares and 100,000 Class B common shares.

Conference Call and Webcast

Event:

 

Sidus Space First Quarter 2024 Financial Results Conference Call

Date:

 

Monday, May 20, 2024

Time:

 

5:00 p.m. Eastern Time

Live Call:

 

+ 1-877-269-7751 (U.S. Toll-Free) or +1-201-389-0908 (International)

Webcast:

 

https://viavid.webcasts.com/starthere.jsp?ei=1669695&tp_key=1efc809b5b

For interested individuals unable to join the conference call, a dial-in replay of the call will be available until Monday, June 3, 2024, at 11:59 P.M. ET and can be accessed by dialing +1-844-512-2921 (U.S. Toll Free) or +1-412-317-6671 (International) and entering replay pin number: 13746483. An online archive of the webcast will be available for three months following the event at investors.sidusspace.com.

About Sidus Space

Sidus Space (NASDAQ: SIDU) is a multi-faceted Space and Data-as-a-Service satellite company focused on mission-critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support. The Company is in Cape Canaveral, Florida, where it operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on vertically integrated Space-as-a-Service solutions including end-to-end satellite support.

Sidus Space has a mission of Bringing Space Down to Earth™ and a vision of enabling space flight heritage status for new technologies while delivering data and predictive analytics to domestic and global customers. More than just a Satellite-as-a-Service provider, Sidus Space’s products and services are offered through its four business units: Space and Defense Hardware Manufacturing, Satellite Manufacturing and Payload Integration, Space-Based Data Solutions, and AI/ML Products and Services to support customers from concept to Low Earth Orbit and beyond. Sidus Space is ISO 9001:2015, AS9100 Rev. D certified, and ITAR registered.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute ˜forward-looking statements’ within the meaning of The Private Securities Litigation Reform Act of 1995. The words ˜anticipate,’ ˜believe,’ ˜continue,’ ˜could,’ ˜estimate,’ ˜expect,’ ˜intend,’ ˜may,’ ˜plan,’ ˜potential,’ ˜predict,’ ˜project,’ ˜should,’ ˜target,’ ˜will,’ ˜would’ and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors discussed in Sidus Space’s Annual Report on Form 10-K for the year ended December 31, 2023, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

NON-GAAP MEASURES

To provide investors with additional information in connection with our results as determined in accordance with GAAP, we use non-GAAP measures of adjusted EBITDA. We use adjusted EBITDA in order to evaluate our operating performance and make strategic decisions regarding future direction of the company since it provides a meaningful comparison to our peers using similar measures. We define adjusted EBITDA as net income (as determined by U.S. GAAP) adjusted for interest expense, depreciation and amortization expense, acquisition deal costs, severance costs, capital market and advisory fees, equity-based compensation and warrant costs. These non-GAAP measures may be different from non-GAAP measures made by other companies since not all companies will use the same measures. Therefore, these non-GAAP measures should not be considered in isolation or as a substitute for relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis.

The following table reconciles adjusted EBITDA to net loss (the most comparable GAAP measure) for the three months ended March 31, 2024 and 2023:

Three Months Ended

March 31,

2024

 

2023

 

Change

%

Net Income / (Loss)

 

$

(3,810,500.00

)

$

(3,441,059.00

)

$

(369,441.00

)

11

%

Interest Expense (i)

 

248,981.00

 

228,460.00

 

20,521.00

 

9

%

Depreciation and Amortization (ii)

 

253,030.00

 

3,361.00

 

249,669.00

 

7428

%

Fundraising expense (iii)

 

560,322.00

 

35,000.00

 

525,322.00

 

1501

%

Capital Market and advisory fees (iiii)

 

 

566,299.00

 

(566,299.00

)

-100

%

Equity based compensation

 

41,698.00

 

 

41,698.00

 

 

Total Non-GAAP Adjustments

 

1,104,031.00

 

833,120.00

 

270,911.00

 

33

%

Adjusted EBITDA

 

(2,706,469.00

)

(2,607,939.00

)

(98,530.00

)

4

%

 

(i)

Sidus Space incurred increased interest expense due to short-term note payable due in Q4 2024 and interest expense related to an asset based loan.

(ii)

Sidus Space incurred increased depreciation expense 2024 with launch and deployment of satellite fixed asset and related satellite software.

(iii)

Sidus Space incurred one-time legal and audit related fundraising expenses

(iiii)

Sidus Space incurred one-time stock issuance costs in 2023

 

 

SIDUS SPACE, INC.

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

 

 

 

March 31,

December 31,

 

 

2024

 

2023

 

Assets

Current assets

 

 

Cash

$

6,171,759

 

$

1,216,107

 

Accounts receivable

650,763

 

1,175,077

 

Accounts receivable – related parties

172,030

 

67,447

 

Inventory

1,423,588

 

1,217,929

 

Contract asset

77,124

 

77,124

 

Contract asset – related party

43,173

 

43,173

 

Prepaid and other current assets

4,768,330

 

5,405,453

 

Total current assets

13,306,767

 

9,202,310

 

 

Property and equipment, net

11,547,302

 

9,570,214

 

Operating lease right-of-use assets

46,511

 

115,573

 

Intangible asset

398,135

 

398,135

 

Other assets

72,030

 

64,880

 

Total Assets

$

25,370,745

 

$

19,351,112

 

 

 

Liabilities and Stockholders’ Equity

Current liabilities

 

Accounts payable and other current liabilities

$

3,540,192

 

$

6,697,562

 

Accounts payable and accrued interest – related party

886,331

 

677,039

 

Contract liability

77,124

 

77,124

 

Contract liability – related party

43,173

 

43,173

 

Asset-based loan liability

1,599,653

 

2,587,900

 

Notes payable

2,016,951

 

2,017,286

 

Operating lease liability

47,990

 

119,272

 

Total current liabilities

8,211,414

 

12,219,356

 

 

Total Liabilities

8,211,414

 

12,219,356

 

 

Commitments and contingencies

 

Stockholders’ Equity

Preferred Stock: 5,000,000 shares authorized; $0.0001 par value; no shares issued and outstanding

Series A convertible preferred stock: 2,000 shares authorized; 0 and 372 shares issued and outstanding, respectively

 

 

Common stock: 210,000,000 authorized; $0.0001 par value

Class A common stock: 200,000,000 shares authorized; 4,081,344 and 983,173 shares issued and outstanding, respectively

409

 

98

 

Class B common stock: 10,000,000 shares authorized; 100,000 shares issued and outstanding

10

 

10

 

Additional paid-in capital

63,798,580

 

49,918,441

 

Accumulated deficit

(46,639,668

)

(42,786,793

)

Total Stockholders’ Equity

17,159,331

 

7,131,756

 

Total Liabilities and Stockholders’ Equity

$

25,370,745

 

$

19,351,112

 

 

 

SIDUS SPACE, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

 

Three Months Ended

March 31,

 

 

2024

 

2023

 

 

Revenue

$

845,111

 

$

1,914,724

 

Revenue – related parties

205,044

 

348,903

 

Total – revenue

1,050,155

 

2,263,627

 

Cost of revenue

966,091

 

1,367,828

 

Gross profit

84,064

 

895,799

 

 

Operating expenses

Selling, general and administrative expense

3,645,583

 

3,542,169

 

Total operating expenses

3,645,583

 

3,542,169

 

 

Net loss from operations

(3,561,519

)

(2,646,370

)

 

Other income (expense)

Interest expense

(153,526

)

(187,527

)

Asset-based loan expense

(95,455

)

(40,933

)

Finance expense

 

(566,229

)

Total other expense

(248,981

)

(794,689

)

 

Loss before income taxes

(3,810,500

)

(3,441,059

)

Provision for income taxes

 

 

Net loss

$

(3,810,500

)

$

(3,441,059

)

 

Dividend on Series A preferred Stock

(42,375

)

 

Net loss attributed to stockholders

(3,852,875

)

(3,441,059

)

 

Basic and diluted loss per common share

$

(1.40

)

$

(0.12

)

Basic and diluted weighted average number of common shares outstanding

2,719,812

 

29,714,403

 

 

 

SIDUS SPACE, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

 

Three Months Ended

March 31,

2024

 

2023

 

 

Cash Flows From Operating Activities:

 

Net loss

$

(3,810,500

)

$

(3,441,059

)

Adjustments to reconcile net loss to net cash used in operating activities:

Stock based compensation

79,198

 

566,229

 

Depreciation and amortization

253,030

 

3,361

 

Changes in operating assets and liabilities:

Accounts receivable

524,314

 

(621,104

)

Accounts receivable – related party

(104,583

)

(138,506

)

Inventory

(205,659

)

(222,852

)

Contract asset – related party

 

(6,877

)

Prepaid expenses and other assets

629,973

 

(1,122,400

)

Accounts payable and accrued liabilities

(2,991,139

)

1,515,926

 

Accounts payable and accrued liabilities – related party

209,292

 

(24,645

)

Contract liability – related party

 

6,877

 

Changes in operating lease assets and liabilities

(2,220

)

(2,956

)

Net Cash used in Operating Activities

(5,418,294

)

(3,488,006

)

 

Cash Flows From Investing Activities:

Purchase of property and equipment

(2,230,118

)

(1,147,409

)

Net Cash used in Investing Activities

(2,230,118

)

(1,147,409

)

 

Cash Flows From Financing Activities:

Proceeds from issuance of common stock units

13,742,311

 

4,615,465

 

Proceeds from asset-based loan agreement

46,133

 

1,857,524

 

Repayment of asset-based loan agreement

(1,034,380

)

(1,221,613

)

Repayment of notes payable

(150,000

)

(92,483

)

Net Cash provided by Financing Activities

12,604,064

 

5,158,893

 

 

Net change in cash

4,955,652

 

523,478

 

Cash, beginning of period

1,216,107

 

2,295,259

 

Cash, end of period

$

6,171,759

 

$

2,818,737

 

 

Supplemental cash flow information

Cash paid for interest

$

152,066

 

$

48,402

 

Cash paid for taxes

$

 

$

 

 

Non-cash Investing and Financing transactions:

Class A common stock issued for conversion of Series A convertible preferred stock

$

16,566

 

$

 

 

Investor Relations
Valter Pinto or Jack Perkins
KCSA Strategic Communications
sidus@kcsa.com
(212) 896-1254

Media Inquiries
press@sidusspace.com

Source: Sidus Space, Inc.



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Splash Beverage Group to Host Conference Call to Discuss 2024 First Quarter Results & State of the Business Update By Investing.com

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FORT LAUDERDALE, FL – (NewMediaWire) – May 20, 2024 – Splash Beverage Group, Inc. (NYSE American: SBEV) (Splash or the Company), a portfolio company of leading beverage brands, announced that it will host a conference call to on Monday, May 20, 2024 at 4:00 pm ET to discuss its previously reported Q1 2024 Results and State of the Business Update.

Conference Call Details:

Date: Monday, May 20, 2024

Time: 4:00 p.m. ONE

Call: 888-506-0062 (US Toll Free) or 973-528-0011 (International)

Participant Access Code: 268725

Webcast: A live webcast will be available and can be accessed from the Investors section of the Companys website or by clicking here

All interested parties are invited to participate. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast.

For those unable to join the live webcast, a replay will be available until 11:59 p.m. ET on Tuesday, May 20, 2025, at 1-877-481-4010 (US) or 1-919-882-2331, replay pin number 48112. Additionally, to access the archived webcast, please visit the Investors section of the Companys website or click here

Follow Splash Beverage Group on Twitter: www.twitter.com/SplashBev

About Splash Beverage Group, Inc.

Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangria, and TapouT performance hydration and recovery drink. Splashs strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire and then accelerate brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution.

For more information visit:

www.SplashBeverageGroup.com

www.copadivino.com

www.drinksalttequila.com

www.pulpo-loco.com

www.tapoutdrinks.com

Forward-Looking Statement

This press release includes forward-looking statements within the meaning of U.S. federal securities laws. Words such as expect, estimate, project, budget, forecast, anticipate, intend, plan, may, will, could, should, believes, predicts, potential, continue and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation, the risks disclosed in the Companys Annual Report on Form 10-K filed with the SEC on March 8, 2021, and in the Companys other filings with the SEC. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.

Contact Information:

Splash Beverage Group

Info@SplashBeverageGroup.com

954-745-5815

Copyright 2024 JCN Newswire . All rights reserved.





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Fort Worth Increases Entertainment District Safety with $49K Study and

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To bolster safety measures, Fort Worth city leaders have greenlit two major initiatives targeting the popular entertainment districts known as hubs for both locals and tourists.

A significant portion of the change – $49,100 from the Crime Control & Prevention District Capital Fund – was approved by Council and was specifically earmarked for evaluating public safety strategies in these busy nightlife districts; This move complements a previous decision to invest $148,200 over a year in Safe Night LLC’s expertise. According to the City of Fort Worth, it will not only assess current security conditions, but also help implement its proposed improvements in all four boroughs.

Also making headlines is council’s approval of a $140,524 contract with Mitchell Time and Parking. This partnership aims to introduce retractable bollards designed to regulate crowds and traffic in the popular West 7th Street area. These bollards, which are sturdier than traditional “sawhorse” barricades, are part of a broader police plan to improve crowd management.

The western 7th district, which turns into a sprawling pedestrian zone during peak times thanks to strategic road closures by law enforcement, is expected to gain additional security through these facilities; Forty-one retractable bollards will stand guard and prevent accidents and incidents at seven key intersections – effective barriers that can be easily manipulated by police and firefighters if necessary, maintaining order amid crowds that can swell to numbers between 10,000 and 15,000 in a particular night.

Top Japan companies agree to 5.58% average pay hike, business lobby says By Reuters

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By Kentaro Sugiyama

TOKYO (Reuters) -Top Japanese companies agreed to wage increases of an average 5.58% at annual labour talks that wrapped up in March, the Keidanren business lobby’s preliminary data showed on Monday, representing the heftiest pay hike in 33 years.

The average wage increase at the “shunto” spring wage talks this year exceeded last year’s finalised 3.99% increase and came close to the 5.6% recorded in 1991.

The rising wages reflect Japan’s chronic labour shortages, as well as efforts to help employees tackle rising consumer prices.

The annual pay negotiations – called “shunto” or “spring labour offensive” – are one of the defining features of Japanese business, where relations between labour and management tend to be more collaborative than in some other countries.

The country’s largest union group Rengo has said that Japanese firms had agreed to raise pay by 5.17% this year, the biggest rise under comparable data since 2013.

Keidanren’s survey covers 244 large companies with 500 employees or more in 22 sectors. The preliminary data was derived from 89 companies in 16 sectors. Final data will be published in late July.



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