FINWIRES · TerminalLIVE
FINWIRES

VVT Med Signs "Largest" European Distribution Agreement to Date

By

-- VVT Med (VVTM.V) entered into its "largest" European distribution agreement to date, a strategic exclusive distribution partnership with Uber Ros S.p.A. for the commercialization of its ScleroSafe system in Italy, Vatican City and the Republic of San Marino, it said Monday.

The five-year agreement represents about $2.3 million in potential revenue to the company, based on agreed minimum purchase commitments, with a portion structured under a pay-or-buy mechanism that provides a defined level of commercial commitment from the distributor, subject to terms, it said.

Uber Ros also joined the company's previously announced non-brokered private placement financing as an investor.

The company's shares last traded Apr. 23, closing at $0.25 on the TSX Venture Exchange.

Related Articles

International

April Richmond Fed Manufacturing Index 3 Vs. Expected 1 Print, Prior 0

Australia

Sportradar Names Sameer Deen COO

Sportradar (SRAD) said Tuesday it has appointed Sameer Deen as chief operating officer, starting May 18.Deen was most recently the chief commercial officer and president at Entain, an international sports betting and gaming entertainment company, Sportradar said.Price: $12.80, Change: $-1.14, Percent Change: -8.18%

$SRAD
Research

Research Alert: Strong Execution, Softer Outlook: Record Margins Amid Mixed Signals

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Itron's Q1 2026 results beat consensus with revenue of $587M (vs. $572M estimate) despite a 3% decline and non-GAAP EPS of $1.49 (vs. $1.24 estimate), though down $0.03 Y/Y. Record adjusted gross margin expanded 490 bps to 40.7%, fueled by strong execution and projects ahead of schedule. We view these results as validating the business mix evolution, with Outcomes growing 22% to $96M and service revenues surging 30% across all segments, while the new Resiliency Solutions segment contributed $16M. Q2 guidance of $560M-$570M revenue and $1.25-$1.35 EPS came well below consensus of $606M/$1.46, requiring management clarity on project timing explanations. We believe the declining backlog (down 6% to $4.4B) coupled with Networked Solutions revenue declines represent a worrisome double headwind worth monitoring. However, our long-term thesis remains intact as we see the revenue shift toward AI-powered grid analytics as positive, supported by robust $79M free cash flow and accelerating demand in the Outcomes segment.

$ITRI