Latest news with #Rev
Yahoo
6 days ago
- Business
- Yahoo
Rev: Ithaca Startup Works Opens Applications for 2025 Protofacturing Hardware Accelerator
ITHACA, N.Y., June 17, 2025 /PRNewswire/ -- Rev: Ithaca Startup Works is opening applications for the Protofacturing Hardware Accelerator. This five-month program is built for startups that have developed a proof-of-concept prototype and are preparing for initial manufacturing runs. To be admitted, teams must have an initial prototype developed that proves the feasibility of their concept and have conducted customer discovery. Both students and professionals are welcome to join the accelerator; there are no location requirements, as all content is delivered virtually. The program has four different focus tracks for specialized program experience: The Classic Track: Open to innovators in any field, this track provides foundational training across industries. The ClimateTech Track: ClimateTech startups are placed with a like-minded cohort, matched with a clean energy mentor, and benefit from guest speakers working in the field. The AgTech Track: Agriculture technology startups will benefit from specialized training and connections with experts and potential partners working in the agriculture industry. The MedTech Track: Medical device startups receive mentorship and networking connections with experts working in the medical field. "I always tell everyone that Port Align has been scaled at a record pace because of Rev. The amount of support, knowledge, constant feedback, and learning in the program has been incredible," said Hilario Castillo, RN, Founder of Port Align, 2024 MedTech Protofacturing Hardware Accelerator. These selective tracks offer startups the opportunity to gain experience and mentorship from experts in their respective industries. With the goal of refining prototypes efficiently, participants will be given two participation options: Advising Only: This group will have access to all virtual content sessions and additional resources, including workshops, digital curriculum, and select Cornell University startup resources. Content participants will have access to business support and mentorship, as well as any technical feedback provided during scheduled Support: This group will have access to all the same resources as the content participants, along with additional engineering and development support, including access to the hardware prototyping lab. Companies admitted into this tier have products that are compatible with the skillset and shop at Rev with reasonable timelines and expectations for working with the engineering development team. Regional teams in this tier will have the choice to opt into in-person shop access & training or remote access through our development team. The Protofacturing Hardware Accelerator not only assists early-stage entrepreneurs but also stimulates the local entrepreneurial ecosystem and economy. Alumnae of the prototyping and manufacturing programs have made a profound impact, raising over $25 million in venture capital to date, with 40% of participants engaged in other entrepreneurship programs in upstate New York. Applications for the 2025 cohort are being reviewed on a rolling basis. Interested entrepreneurs should visit the Protofacturing Hardware Accelerator homepage for more information and to submit their applications. About Rev: Ithaca Startup Works: Rev: Ithaca Startup Works is a business incubator within Cornell Research and Innovation dedicated to supporting startup growth through mentorship, resources, and programming in the Ithaca region. Media Contact:Katharine Downey(607) 882-2400396747@ View original content to download multimedia: SOURCE Rev: Ithaca Startup Works
Yahoo
04-06-2025
- Automotive
- Yahoo
Why Rev Group Shares Are in the Fast Lane Today
Rev Group topped quarterly estimates, fueled by strong growth in its public safety vehicle division. The company's RV operations are feeling the strain of a weak consumer. Rev also raised full-year guidance, implying the company is confident business will continue to be strong in the quarters to come. 10 stocks we like better than Rev Group › Specialty vehicle manufacturer Rev Group (NYSE: REVG) topped quarterly analyst expectations, fueled by strong demand for its firefighting vehicles. Investors are hopping on board, sending Rev Group shares up 14% as of 10:30 a.m. ET. Rev is a maker of recreational vehicles (RVs) and specialty trucks including fire equipment, ambulances, and other public service vehicles. The company earned $0.70 per share in its fiscal second quarter ending April 30 on revenue of $629.1 million, surpassing Wall Street's consensus estimate of $0.57 per share on revenue of $603 million. Net cash provided by operations totaled $103.9 million in the first six months of Rev's fiscal year, compared to a $29.6 million cash use during the same period a year ago. RV sales fell 2.4% in the quarter due to lower shipments and increased dealer assistance, and segment backlog fell slightly. But that weakness was more than offset by a 3.8% jump in specialty vehicle sales, primarily driven by increased shipments of fire apparatus. The non-RV unit accounts for more than 70% of total sales and more than 90% of the company's backlog of future business. "The standout this quarter was the sustained year-over-year increase in manufacturing throughput within the fire group, which played a pivotal role in driving our top-line growth," CEO Mark Skonieczny said in a statement. "Within the quarter we utilized our robust cash flow and financial position to repurchase $88 million of shares, which we view as an attractive use of capital." Post-quarter Rev upped its full-year revenue guidance by $50 million and raised its free-cash-flow guidance to $100 million to $120 million, up from $90 million to $110 million. The quarter demonstrates the balance Rev can offer between the cyclical RV business and the steadier safety vehicle unit. With interest rates higher than in years past and questions about the economy, consumer demand for big-ticket items like RVs is weak. Investors should note that there is some risk that the federal government's push for efficiency could threaten local governments and lead to some weakness in vehicle purchases over time. But for now, it appears Rev still has some room to run. Before you buy stock in Rev Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rev Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $656,825!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $865,550!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Rev Group Shares Are in the Fast Lane Today was originally published by The Motley Fool Sign in to access your portfolio
USA Today
03-06-2025
- Business
- USA Today
Army, Trump love a $40 million parade. But nothing is planned for Navy, Marines
Army, Trump love a $40 million parade. But nothing is planned for Navy, Marines Show Caption Hide Caption White House plans parade for Trump's bday, Army's 250th anniversary The White House is planning a massive military parade to celebrate the Army's 250th anniversary and President Donald Trump's 79th birthday. WASHINGTON — The Army's latest estimate for its major parade to celebrate its 250th anniversary – which falls on President Donald Trump's birthday – totals $40 million, including the cost of repairing streets in Washington, DC expected to be gnawed by tank treads. Meanwhile, the Navy, which also celebrates its 250th anniversary in October, has no plans for a similar parade, according to a spokesperson. The Marine Corps, too, has its 250th in November, and does not appear to have a parade on tap either. That leads a Democratic senator and member of the Armed Services Committee to believe that the June 14 parade featuring tanks, helicopters, warplanes and troops in period costume is as much about feeding Trump's ego as it is celebrating the Army's heritage. 'It is Donald Trump who is the focus of his own attention, and the Army birthday just happened to be a convenient excuse,' said Sen. Richard Blumenthal, D-Connecticut. 'He might well celebrate all our military services together since their birthdays are imminent. 'I'm all in favor of celebrating the anniversaries of our services in a more appropriate way but without the extravagant expenditure of funds that are vital to our military.' More: Tanks, cannons and soldiers sleeping in DC offices: Inside Trump birthday military parade The administration insists that the Army's anniversary and Trump's birthday are a coincidence and that the parade is justified to honor soldiers' sacrifice. Plans for the June 14 parade began in earnest about a month ago. 'The President is planning an historic celebration of the Army's 250th birthday that will honor generations of selfless Americans who have risked everything for our freedom,' Domestic Policy Council Director Vince Haley said in a statement last month. Trump told NBC in May that the parade's cost was, 'Peanuts compared to the value of doing it." The Army has acknowledged that the parade is costly, but says the expense justified. Tens of millions spent on a parade 'is dwarfed by 250 years of service and sacrifice by America's Army,' spokesman Steve Warren told reporters recently. The Army's initial estimate for the parade covered a range from $25 to $45 million. But as the event nears the estimate has been refined and includes damage to streets and infrastructure anticipated from heavy armored vehicles, according to a Defense official who was not authorized to speak publicly. It's unclear how much the Army has budgeted to repair expected damage. The $40 million in taxpayer dollars will fund a parade featuring Abrams tanks, vintage World War II warplanes and thousands of soldiers marching in period uniforms to mark the nation's battles from the Revolutionary War to the present. A reviewing stand is being erected for Trump south of the White House. Tanks shipped from Texas The Army is shipping tanks from Texas by railroad to Washington for the parade, and soldiers from other posts around the country. They will be housed downtown in government buildings transformed into makeshift barracks with thousands of cots. More: DC mayor worried tanks will chew up downtown streets in Army-Trump parade Military parades, especially France's annual Bastille Day celebration, have captivated Trump. But celebrations of military might are more common in authoritarian regimes. Every member of the Army participating in the parade, from private to general, will be expected to bunk in what the Army calls Life Support Areas, the official said. There are exceptions. Pvt. Doc Holliday being one. Doc is a blue heeler hound and 'cherished member of Horse Cavalry Detachment, according to the First Cavalry Division. Doc will be staying in a hotel with his handler, the official said.
Perth Now
29-05-2025
- Entertainment
- Perth Now
WA's peak festival for indie filmmaking drops wild lineup
Internet boyfriend Pedrol Pascal and a Norwegian animated sex musical about sperm are two of the disparate array of treats in store for moviegoers at this year's Revelation Perth International Film Festival. WA's peak festival for indie filmmaking is renowned for alternative fare, but the event has outdone itself this year, boasting more than 45 features and documentaries and more than 100 short films. Among the highlights from this year's program is the aforementioned Pascal project, Eddington, a contemporary Western that doubles as a black comedy, which has sprung from the mind of horror auteur Ari Aster. Set during the COVID-19 pandemic, the film's star-studded cast also includes Joaquin Phoenix, Emma Stone and Austin Butler. As for that risque animated film, colourfully titled Spermageddon, it will surely appeal to fans of South Park and Seth Rogen's Sausage Party. For those who prefer their cinema a little more high-brow, Rev will also screen the British biographical drama Mr Burton, about the early life of Welsh acting legend Richard Burton. Rev can always be counted on for thought-provoking docos, and this year is no different, with Eno, a film about enigmatic music icon Brian Eno. Eddington is an American contemporary Western film starring Joaquin Phoenix (pictured), Pedro Pascal (pictured). Credit: supplied Other notable documentaries include the fascinatingly meta examination of the true crime genre, Zodiac Killer Project, and Chain Reactions, a film that explores the cultural impact of The Texas Chainsaw Massacre. Rev's commitment to the local screen industry is set to continue, with the return of Westralia Day, Get Your Shorts On! and the City of Vincent Film Project, three events focused on celebrating West Aussie content. While a dedicated First Nations showcase will honour Indigenous storytelling traditions and contemporary experiences. Revelation Perth International Film Festival runs July 2-13 at Luna Leederville, Luna on SX and the Backlot, and the full program is now available on the festival's website. Spermageddon is a 2024 Norwegian adult animated musical sex comedy film directed by Tommy Wirkola and Rasmus A. Sivertsen. Credit: supplied
West Australian
29-05-2025
- Entertainment
- West Australian
Pedro Pascal and Norwegian animated musical Spermageddon headline Revelation Perth International Film Festival
Internet boyfriend Pedrol Pascal and a Norwegian animated sex musical about sperm are two of the disparate array of treats in store for moviegoers at this year's Revelation Perth International Film Festival. WA's peak festival for indie filmmaking is renowned for alternative fare, but the event has outdone itself this year, boasting more than 45 features and documentaries and more than 100 short films. Among the highlights from this year's program is the aforementioned Pascal project, Eddington, a contemporary Western that doubles as a black comedy, which has sprung from the mind of horror auteur Ari Aster. Set during the COVID-19 pandemic, the film's star-studded cast also includes Joaquin Phoenix, Emma Stone and Austin Butler. As for that risque animated film, colourfully titled Spermageddon, it will surely appeal to fans of South Park and Seth Rogen's Sausage Party. For those who prefer their cinema a little more high-brow, Rev will also screen the British biographical drama Mr Burton, about the early life of Welsh acting legend Richard Burton. Rev can always be counted on for thought-provoking docos, and this year is no different, with Eno, a film about enigmatic music icon Brian Eno. Other notable documentaries include the fascinatingly meta examination of the true crime genre, Zodiac Killer Project, and Chain Reactions, a film that explores the cultural impact of The Texas Chainsaw Massacre. Rev's commitment to the local screen industry is set to continue, with the return of Westralia Day, Get Your Shorts On! and the City of Vincent Film Project, three events focused on celebrating West Aussie content. While a dedicated First Nations showcase will honour Indigenous storytelling traditions and contemporary experiences. Revelation Perth International Film Festival runs July 2-13 at Luna Leederville, Luna on SX and the Backlot, and the full program is now available on the festival's website.
