Mynd.ai, Inc. American Depositary Shares, each representing ten (10) - MYND STOCK NEWS

Promethean, owned by Mynd.ai (NYSE: MYND), has announced the ActivPanel 10 and Promethean ActivSuite™, launching early 2025. This new interactive flat panel display solution offers unprecedented flexibility by supporting Android, Windows, or Chrome operating systems. The system features a 'plug and play' experience and allows users to integrate their preferred devices seamlessly.

The ActivPanel 10 will be available in multiple models and sizes, featuring premium accessories and software that enable remote usage in various educational and business settings. The solution aims to provide a cost-effective and sustainable approach to interactive displays while maintaining security and adaptability.

Mynd.ai (NYSE American: MYND) has announced a $10 million share repurchase program authorized by its Board of Directors. The program allows for the repurchase of American depositary shares (ADSs) and/or ordinary shares as market conditions and liquidity permit. CEO Vin Riera stated that this move demonstrates the company's commitment to delivering long-term value to shareholders and represents an opportunity to deploy available cash.

The repurchase program comes alongside other strategic initiatives, including the recent sale of a non-strategic business for $20 million. These actions reflect Mynd's confidence in its business strength and efforts to enhance its financial position. Repurchases may be made through various means, including open-market purchases and privately negotiated transactions, subject to applicable securities laws. The company reserves the right to commence or suspend repurchases without prior notice, depending on market conditions.

Promethean, a global education technology company owned by Mynd.ai, Inc. (NYSE American: MYND), has won the Tech & Learning Awards of Excellence: Back to School 2024 in the Primary category for its Explain Everything Advanced software. This online whiteboarding platform offers comprehensive tools for interactive teaching and learning, including:

• Customizable resources for engaging lessons
• State-of-the-art whiteboarding tools
• Popular Promethean apps like Timer, Spinner, and Polling
• AI-led 'Lift Subject' feature and upcoming 'Smart Suggestions' automation
• Video recording and editing capabilities for increased accessibility

The award recognizes products that provide versatility, value, and solutions to specific problems in education. Lance Solomon, Promethean's chief product officer, expressed pride in delivering easy-to-use tools that help teachers create exciting, effective lessons for their students.

Mynd.ai, Inc. (NYSE American: MYND) has announced strategic actions to enhance operations and drive long-term shareholder value. These include:

• The sale of its 85% ownership in a Singapore-based early childcare learning business for $20 million in cash
• Redeployment of capital to enhance business development and future technology innovation
• Optimization of operational structure to generate anticipated cost savings exceeding $20 million annually

CEO Vin Riera stated that these actions will strengthen sales efforts and position the company for future investment in product offerings. CFO Arthur Giterman added that the sale and cost optimization measures will provide additional liquidity and balance sheet strength, enabling Mynd to focus on maintaining market leadership in the Interactive Flat Panel Display segment and delivering solutions for education, business, and public sectors.

Mynd.ai, Inc. (NYSE American: MYND) announced its H1 2024 financial results, showing mixed performance. Revenue decreased to $166.0 million from $222.5 million in the prior year, primarily due to reduced customer spending. However, gross margins improved by 100 basis points to 27.3%, driven by operational efficiencies. The company reported a net loss of $47.8 million, up from $15.7 million in the same period last year. Adjusted EBITDA loss improved slightly to $5.6 million from $6.1 million. Despite industry-wide softening demand, Mynd maintains a strong cash position of $69.4 million and is implementing cost-saving measures to navigate market challenges.

Promethean, a leading global education technology company owned by Mynd.ai, Inc. (NYSE American: MYND), has won a Tech & Learning Best of Show Award at the ISTELive 24 conference for its ActivPanel LX interactive flat panel display and Google EDLA-certified OPS-A computing module. The award recognizes edtech solutions that transform education globally.

The ActivPanel LX is Promethean's secure, sustainable, and most affordable interactive flat panel display, designed to work with existing technology platforms and software. The Google EDLA-certified OPS-A module enables seamless integration with Google Workspace tools and allows installation of apps from the Google Play Store. This combination offers advanced security features and requires no learning curve for teachers.

This recognition follows other accolades for the ActivPanel LX, including the Tech & Learning Awards of Excellence: Best of 2023.

Promethean, owned by Mynd.ai (NYSE: MYND), has received the 2024 EdTech Breakthrough Award for its ActivPanel LX, named 'Classroom Tech Solution of the Year.' This flexible and secure interactive display allows users to connect their own devices or use Promethean's computing modules, ensuring longevity and reducing cyber risks. The recognition highlights Promethean's commitment to providing durable and adaptable educational technology solutions. Last year, Promethean also won an award for its ActivPanel 9 in the 'Student Engagement Innovator of the Year' category.

Mynd.ai, Inc. reported revenue of $413.6 million for fiscal year 2023, a decrease from the previous year, with improved gross margin and cash flow. The company faced an adjusted EBITDA loss of $6.9 million but received $65 million from a convertible note issuance. Mynd plans to focus on software business growth and R&D investments to drive future expansion.

Promethean, a leading global education technology company, received three Best of 2023 awards from Tech & Learning magazine for its ActivPanel LX display, OPS-A computing module, and Explain Everything Advanced lesson creation and delivery software. The company's newest products aim to provide exceptional support in the classroom for teachers and students, offering ease of use, flexibility, and security. The OPS-A, a Google EDLA-certified Android device, is specifically designed to be paired with the ActivPanel LX, while Explain Everything Advanced is a revolutionary web-based lesson creation and delivery software platform designed for in-person, remote, and hybrid environments.