#cash-generation

#cash-generation

CFO Paul Jacobson said the charges stem from decisions such as discontinuing the BrightDrop electric van and impairing certain EV assets, along with contract cancellations and supplier settlements; about $4.6 billion of the total is expected to be settled in cash, mostly in 2026, with $400 million already paid last year. Despite the reset, GM emphasized it has not impaired its core retail EV portfolio and still expects EVs to become profitable over time as new battery chemistries, cost cuts,

Impinj delivered revenue of $96.1M, topping the $92.63M consensus estimate by 3.7%. More meaningful was the adjusted EBITDA of $19.1M, which exceeded guidance. On a year-over-year basis, revenue inched up just 0.95% to $96.1M from $95.2M, a deceleration that reflects the softer demand environment the company has navigated. The non-GAAP EPS of $0.58 beat the $0.50 estimate by 16%, signaling that cost management and operational efficiency are driving profitability even as topline growth stalls. Operating income swung positive to $656K from a $769K loss in the prior year quarter. This inflection matters because it shows the Gen2X product focus and restructuring efforts are taking hold.