DONGGUAN, China and PLANO, Texas, March 31, 2025 /PRNewswire/ — Dogness (International) Corporation (“Dogness” or the “Company”) (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM and private label pet products,  today announced its financial results for the six months ended December 31, 2024.

Mr. Silong Chen, the CEO of the Company, commented: “We delivered robust financial results for the half year ended December 2024, marked by strong revenue growth, increased operational efficiency, and progress toward profitability. Our revenue reached $12.1 million for the six months ended December 2024, an 81.1% increase from the same period in 2023, driven by high demand across all product categories and regions. Meanwhile, our ongoing efforts on cost management and economies of scale have significantly improved operating results.

“Looking ahead, Dogness aims to accelerate product innovation, expand its global market presence and drive cost efficiencies. The Company plans to acquire smaller pet product manufacturers in China to strengthen supply chain control and operational efficiencies, thereby increasing market share. With a focus on developing sustainable, high-tech pet products and leveraging strategic partnerships, we anticipate further revenue growth, improved profitability and increased shareholder value.”  

Financial Results for the Half Year Ended December 31, 2024

Revenues increased by approximately $5.4 million, or 81.1%, from about $6.7 million for the year ended December 31, 2023 to approximately $12.1 million for the six months ended December 31, 2024. The increase in revenue was primarily attributable to the strong sales performance in both China’s domestic market and international markets, driven by higher demand from existing customers and new customer. 

The following table breaks down Dogness’ revenue by product and service type for the six months ended December 31, 2024 and 2023:

─ Traditional pet products

Revenue from traditional pet products increased by approximately $1.1 million, or 29.4%, from approximately $3.6 million for the six months ended December 31, 2023 to approximately $4.7 million for the six months ended December 31, 2024. This growth was driven both higher sales volume and increased average selling prices. Of the revenue growth, $1.0 million came from international sales and $0.1 million from the domestic Chinese market, primarily due to expanded order volumes from customers.

─ Intelligent pet products

Revenue from intelligent pet products grew by approximately $2.3 million, or 103.5%, from around $2.2 million for the six months ended December 31, 2023, to roughly $4.5 million for the same period in 2024, mainly due to increased sales volume. The revenue increase included $1.2 million from international customers and $1.1 million from domestic Chinese customers, primarily from new and existing orders.

─ Climbing hooks and others

Revenue from climbing hooks and other products increased by about $2.1 million, or 277.9%, from roughly $0.8 million for the six months ended December 31, 2023, to about $2.9 million for the same period in 2024. This increase was influenced by higher sales volume and prices. International sales contributed $1.3 million to the revenue increase, while domestic sales accounted for $0.8 million, driven by higher orders.

─ Dyeing service

For the six months ended December 31, 2024 and 2023, the Company earned approximately $Nil and $0.1 million, respectively, for dyeing services.

─ International vs. Domestic sales

Total international sales rose by about $3.4 million, or 75.9%, from approximately $4.5 million for the six months ended December 31, 2023, to about $8.0 million during the same period in 2024, driven by increased orders across all product types.

Domestic sales also saw a significant increase of about $2.0 million, or 92.0%, from around $2.1 million in 2023 to approximately $4.1 million in 2024. In the domestic market, sales of traditional pet products, intelligent pet products, and climbing hooks increased by 16.2%, 109.2%, and 198.5%, respectively, compared to the previous year.

Cost of revenues increased by $3.3 million, or 61.6%, from approximately $5.4 million for the six months ended December 31, 2023, to approximately $8.7 million for the six months ended December 31, 2024, due to a significant increase in sales volume. As a percentage of revenues, the cost of goods sold decreased by approximately 8.7 percentage points to 71.7% for the six months ended December 31, 2024, compared to 80.4% for the six months ended December 31, 2023.

Gross profit rose by approximately $2.1 million, or 160.7%, from about $1.3 million for the six months ended December 31, 2023, to around $3.4 million for the same period in 2024. This increase resulted from higher sales volume and average selling prices. The overall gross profit margin improved to 28.3%, up 8.7 percentage points from 19.6% in the previous period.

Total operating expenses increased by approximately $0.7 million or 14.6%, to about $5.6 million for the six months ended December 31, 2024, compared to around $4.9 million for the same period in 2023.

─ Selling expenses

Selling expenses increased by about $0.1 million, or 18.0%, from approximately $0.5 million for the six months ended December 31, 2023, to approximately $0.6 million for the six months ended December 31, 2024. This rise was driven by an increase in marketing research activities. Selling expenses accounted for 5.2% of total revenues in 2024, compared to 7.9% in 2023.

─ General and Administrative Expenses 

General and administrative expenses rose by approximately $0.4 million, or 11.3%, from about $3.9 million for the six months ended December 31, 2023, to roughly $4.3 million for the same period in 2024. This increase was primarily attributable to office decoration costs at our new Dongguan facility. As a percentage of sales, these expenses decreased to 35.7% in 2024 from 58.0% in 2023.

─ Research and Development Expenses

Research and development expenses increased by $0.2 million, or 37.0%, from approximately $0.5 million for the six months ended December 31, 2023, to about $0.7 million for the same period in 2024. These expenses were 5.5% of total revenues in 2024, down from 7.3% in 2023. We anticipate continued growth in research and development as we expand our efforts to use environmentally friendly materials and develop new high-tech products to meet customer demand.

Net loss decreased by approximately $1.4 million, or 43.2%, from about $3.2 million for the six months ended December 31, 2023, to approximately $1.8 million for the six months ended December 31, 2024, as a result of the foregoing.

About Dogness

Dogness (International) Corporation was founded in 2003 from the belief that dogs and cats are important, well-loved family members. Through its smart products, hygiene products, health and wellness products, and leash products, Dogness’ technology simplifies pet lifestyles and enhances the relationship between pets and pet caregivers. The Company ensures industry-leading quality through its fully integrated vertical supply chain and world-class research and development capabilities, which has resulted in over 200 patents and patents pending. Dogness products reach families worldwide through global chain stores and distributors. For more information, please visit: ir.dogness.com. 

Forward Looking Statements

No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, trade policies affecting our business including tariffs on our products, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China and the U.S., our ability to attract and retain highly skilled professionals, client concentration, industry segment concentration, reduced demand for technology in our key focus areas, our ability to successfully complete and integrate potential acquisitions, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Dogness may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

For investor and media inquiries, please contact:
Wealth Financial Services LLC
Connie Kang, Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)

WASHINGTON, April 1, 2025 /PRNewswire/ — Metrea, a leading provider of commercial air-to-air refueling (AAR), today announced a contract with the Indian Air Force (IAF) to enhance IAF AAR training capabilities. Metrea will provide Flight Refueler Aircraft (FRA) based out of Indian Air Force Station Agra in Central India.

Metrea commercial KC-135. Photo by Mark Chen. Used by permission.

This comes after Metrea announced in July the acquisition of the French Air & Space Force C-135FR and KC-135RG tanker fleet, increasing their presence in the commercial AAR market by fourteen tankers from an initial four KC-135R tankers. Metrea’s fleet of 18 now stands as the world’s largest commercial aerial refueling fleet which eclipses all but four sovereign countries in terms of size and capability.

As the only company to own and operate a fleet of C-/KC-135 aircraft, Metrea offers an air-to-air refueling service that seamlessly, safely, and professionally integrates into military aviation training and operations. This new contract with India represents additional growth of the commercial AAR market beyond Metrea’s existing contract with the US Navy which already supports a large and growing list of US, allied, and partner air forces. The combined Metrea aviation units have flown over 130,000 hours, across multiple aircraft types, missions, and geographies in support of US, UK, and other allied and partner government national security objectives.

Metrea’s tanker aircraft are equipped with two wing-mounted Multi-Point Refueling System (MPRS) pods which facilitate refueling with probe equipped Navy, Marine Corps and partner nation aircraft.

“Metrea is honored to be working with the Indian Air Force. Our contract will quickly expand their AAR training capability and will facilitate extensive training, exercise, and movement opportunities to improve IAF readiness.” (James “Slim” Morgan – Head of Metrea Strategic Mobility)

About Metrea

Metrea is the leading provider of effects-as-a-service to national security partners across multiple domains and over a dozen mission-centric solution areas, including airborne ISR, aerial refueling, electronic warfare, secure communications, space-based ISR and advanced simulation.

Metrea is headquartered in Washington, DC with facilities across the United States, the United Kingdom, and the EU.

Media Contact:

Thomas West

Communications Manager

Communications@metrea.aero 

Photo – https://laotiantimes.com/wp-content/uploads/2025/04/metrea_commercial_kc_135.jpg
Logo – https://laotiantimes.com/wp-content/uploads/2025/04/metrea_logo_logo.jpg

LONDON, April 1, 2025 /PRNewswire/ — The Whiteley, London’s first department store, has been reimagined as a landmark residential and hospitality destination. Marking the pinnacle of its eight-year transformation, councillors, residents, stakeholders, professional teams, neighbours and The Whiteley Community Foundation, gathered to celebrate the grand opening of this magnificent storied building. The show-stopping event, attended by over 600 guests was hosted by MARK and C C Land.

The Whiteley Grand Opening. Credit: Oliver Holms

The momentous celebration was held in The Whiteley’s palatial atrium beneath a grand pavilion, to honour the achievements and broad neighbourhood regeneration created by this 1,000,000 sq. ft. scheme. Beneath the building’s iconic dome, its courtyard was transformed into a striking circular bar, where guests enjoyed masterfully crafted cocktails whilst immersing themselves in the evening’s world-class entertainment. With a captivating performance by renowned singer-songwriter Rag’n’Bone Man, followed by a dazzling set from London-based DJ Sally K, the evening was an unforgettable celebration. Adding to the spectacle, aerialist performers glided gracefully through the atrium’s soaring voids and a semi-circular stage served as the event’s focal point, showcasing a film by the team behind The Whiteley’s transformation.

Originally completed in 1911 by William Whiteley, Whiteley’s department store was once a global emporium. Today, The Whiteley’s regeneration breathes new life into this historical icon whilst forming the cornerstone of Queensway’s ambitious £3 billion revival. The Queensway Steering Group – a collective of local landowners – is driving a transformative vision for the street, reshaping it into one of London’s most dynamic new neighbourhoods. This ambitious rejuvenation includes major public realm improvements such as widened pavements, extensive regreening and upgraded tube stations. Additionally, the introduction of new pavilions for all-day outdoor dining, public art installations and a brand-new entrance to Hyde Park – set for completion this year – will all solidify Queensway’s reputation as a vibrant hub.

The founding force behind The Queensway Steering Group, The Whiteley is leading the way in redefining the area, establishing it as a sought-after destination for both visitors and residents alike. Central to Queensway’s transformation is The Whiteley’s curated selection of commercial tenants. In addition to the UK’s first Six Senses hotel, other notable brands that will call The Whiteley home include an Everyman Cinema, a Third Space gym and a new restaurant by Pachamama Group. The first retail tenants will open in summer 2025.

The residential offering at The Whiteley seamlessly blends heritage with contemporary design, within a collection of newly constructed buildings set behind a historic façade. Foster + Partners’ architectural masterplan provides a grand canvas for 139 unique homes which are all aesthetically connected by exquisite detailing and natural light. Nestled amongst restored original architectural features, including a majestic glass dome and an iconic clock tower, residences range from studios to five-bedroom apartments and a collection of townhouses and penthouses. With 70% of the apartments now sold, The Whiteley is already home to many residents as owners began moving in from late 2024. This enclave just north of Hyde Park is now setting sales records, with The Whiteley achieving an average of £3,600 per sq. ft., and a 200% premium over the surrounding Bayswater area, according to Savills. Proving a popular choice for both domestic and international buyers alike, the scheme has seen significant interest from British, American, Asian and European buyers.

Beyond the residences, purchasers at The Whiteley enjoy access to an impressive 60,000 sq. ft. of exclusive amenities. These include a 20-meter swimming pool, a state-of-the-art gym, a padel court, children’s playrooms, a library, and a world leading spa. Additionally, à la carte services including grocery stocking, wine sommelier expertise, as well as pet care and dog walking, set an unprecedented global standard for residential living.

With a gross development value of over £1.5 billion, The Whiteley has firmly established itself as the transformative project in London, not only redefining the landscape of Queensway but also setting a new benchmark for luxury living in the city. The celebratory event, supported by influential groups including Westminster City Council, and SEBRA was a defining moment, ushering in a vibrant new chapter in The Whiteley’s remarkable history.

The Whiteley Grand Opening. Credit: Oliver Holms

• New acquisition in Nordics is part of the company’s ambitious European and global expansion plan.
• The acquisition is expected to strengthen the expansion of the Hyperco brand further by adding significant growth capital to deliver significant future capacity in the Nordics

DUBAI, UAE, April 1, 2025 /PRNewswire/ — EDGNEX Data Centers by DAMAC, the digital infrastructure platform of the Dubai-headquartered DAMAC Group, has confirmed the acquisition of Finland-founded data center company, Hyperco. Aligned with its vision to deliver next-generation, sustainable digital infrastructure globally, the move underscores the Group’s commitment to strengthening its presence in the European market and contributing to the region’s evolving data center landscape, creating new jobs and promoting economic development.

Hyperco’s operations are focused on Finland and Sweden, leveraging the Nordic region’s sustainable energy resources, mature digital ecosystems, and high connectivity. All three Hyperco founders, together with the team, will continue to steer the company forward during the next growth phase.

Hussain Sajwani, Founder of DAMAC Group said: “This acquisition aligns with our vision to develop strong partnerships, invest, and build scalable, world-class digital infrastructure. Hyperco brings a great team, deep market expertise, and a shared commitment to innovation, which will drive our success in the region. We plan to build a significant future capacity in the Nordics and establish a strong foothold in the market.”

Aleksi Taipale, Co-founder and CEO of Hyperco adds: “This marks an exciting new chapter for Hyperco. Joining forces with EDGNEX and DAMAC Group empowers us to accelerate our mission of delivering large-scale, sustainable data center infrastructure tailored for hyperscalers and AI-driven workloads. With our established footprint in Finland and Sweden, access to low-carbon energy, and focus on scalability, we are well-positioned to meet the growing digital demands of the region and beyond.”

Since its launch in 2021, EDGNEX has grown its presence globally. Backed by over 100+ seasoned professionals, the company is on track to deliver 55 MW in the Middle East by 2025, with a projected global capacity exceeding 3,000 MW. EDGNEX is targeting 300+ MW of operational capacity by 2026, supported by a robust investment pipeline of over $3 billion, including key Southeast Asian markets.

EDGNEX’s recent European activities include a €150 million joint venture in Greece with Public Power Corporation (PPC) to develop up to 25 MW and a €400 million commitment to build a 40 MW data center in Madrid, Spain. Earlier this year, EDGNEX also announced $20 billion of foreign investment in building state-of-the-art data centres in the USA.

About EDGNEX

EDGNEX is a global digital infrastructure company headquartered in Dubai, United Arab Emirates. It is a wholly owned subsidiary of the DAMAC Group, providing a foundation for local innovation across the globe and disrupting the data center market with new speed and agility. EDGNEX proactively builds, buys, or partners to serve the next wave of demand for data center services. www.edgnex.com 

LOS ANGELES, April 1, 2025 /PRNewswire/ — Azazie, the leading e-tailer for special occasion and wedding dresses, is bringing the feels with our latest campaign: “Made For Your Moments.” Think proposals, weddings, first dances, proms, graduations, birthdays—all the big moments that make life magical, captured in an Azazie dress. Because let’s be real—what’s a milestone without the perfect outfit?

At the heart of “Made For Your Moments” is you. We’re celebrating real stories from our community—actual customers and influencers who’ve twirled, danced, and said “yes” in an Azazie look. This isn’t just about bridal (though we love a good wedding!); it’s about marking every special moment with confidence, style, and maybe even a happy tear or two.

Want to be featured? Tag @AzazieOfficial and use #AzazieMoments when sharing your special moments in Azazie! We’ll be reposting the most swoon-worthy stories—and yes, there are prizes. Because what’s a celebration without a little something extra?

“At Azazie, we’re all about making you look and feel incredible during life’s most unforgettable moments,” says Roberta Black, Director of PR, Social Media & Partnerships at Azazie. “This campaign is a love letter to our customers—a celebration of the joy, love, and magic that happens in our dresses.”

Whether it’s your first dance or your last first date, Azazie is here for the moments you’ll never forget. Shop Azazie and get ready to make memories in a dress that’s truly made for you. www.azazie.com

ABOUT AZAZIE

Azazie is the leading direct-to-consumer (DTC) e-tailer, providing an array of bridal gowns, bridesmaid dresses, evening wear, and accessories. Designed in Los Angeles, Azazie disrupts the traditional wedding industry by offering made-to-order gowns at an affordable price point. The brand is dedicated to promoting body-positive fashion, ensuring that all dresses—available in sizes 0-30—are meticulously cut and sewn to order. Explore our website to discover hundreds of bridal and bridesmaid gowns and dresses in over 80+ stunning color options.

Media Contact:

pr@azazie.com 

Karmuel Young created a four-in-one jumpsuit made of INNOVERA™ for his final competition piece displayed at Shanghai Fashion Week

NUTLEY, N.J., April 1, 2025 /PRNewswire/ — Modern Meadow, a leader in sustainable materials, announced today Karmuel Young, founder of the Karmuel Young label, used the company’s biomaterial in his Sustasia Fashion Prize submission. Young, based in Hong Kong, elected to use Modern Meadow’s INNOVERA™, formerly known as BIO-VERA^®, in his four-in-one jumpsuit that can transition from a jumpsuit to a long coat, short jacket and pants.

Organized by the Shanghai Fashion Designers Association and yehyehyeh, the 2025 Sustasia Fashion Prize is designed to accelerate sustainable practices and innovation in Asia’s fashion industry. By providing a monetary award and industry support, the prize encourages designers to combine sustainable principles, innovative materials and new techniques into their work. The eight prize finalists from across Asia presented their final works on March 28 to a panel of judges who assessed based on sustainability, innovation, aesthetics and practicality.

“We are honored that Karmuel Young chose to use our INNOVERA™ biomaterial in his Sustasia Fashion Prize design to showcase the beauty and versatility of sustainable innovative materials in clothing,” said David Williamson, PhD, CEO of Modern Meadow. “We, like the organizers of the Sustasia Fashion Prize who seek to address sustainability within the fashion industry, are inspired by nature and driven by purpose to introduce new materials and processes that can enable a healthier future for our planet.”

Young, whose brand focuses on a modern masculine wardrobe, used camel INNOVERA™ in suede for his design. He created a multi-functional piece with a modern twist for men to wear for different purposes, meant to promote longevity and timelessness. Given how INNOVERA™ is engineered to replicate the look and feel of the collagen found in leather, the material is ready to resonate through infinite design interpretations. It is crafted using plant-based proteins, biopolymers, and recycled rubber – resulting in over 80% renewable carbon content, and is 25% lighter and two times as strong. It can be customized in color, hand feel, and nap depending on how the designer prefers to use it.

“This is my first convertible look, and it will give men more options to style their wardrobes in a timeless, sustainable way,” Young said. “Modern Meadow’s INNOVERA™ has the smell, look and feel of luxury and held its form well across my stitching and buttons. Being able to do good by using biomaterials and thinking about my impact on earth is very important to my designs and I look forward to incorporating more of these materials in the future.”

Now until April 6, the exhibition of the finalists’ submissions will be open to the public at SUHE HAUS in Shanghai.

About Modern Meadow
Founded in 2011 and based in Nutley, New Jersey, Modern Meadow designs innovative biomaterials inspired by nature. Its products, crafted with over 80% renewable carbon content using a novel hybrid material made of plant proteins and biobased polymers, are sustainable, stronger and lighter than traditional materials. Modern Meadow reduces reliance on oil-based and animal products without sacrificing quality. Its materials integrate seamlessly into existing production processes in the automotive, footwear, furniture and fashion industries. Collaborating with top brands like Tory Burch and industry leaders such as BASF, Bader and ISA TanTec, Modern Meadow ensures high-quality, fully traceable products. For more information, visit modernmeadow.com or follow the company on LinkedIn and Instagram.

Modern Meadow Media Contact
Jordan Vines
+1 (540) 629-3137
jvines@spectrumscience.com

BIO-VERA is a registered trademark of Modern Meadow, Inc.

PANAMA CITY, April 1, 2025 /PRNewswire/ — K9 Finance DAO, the leading liquid staking platform and largest validator on the Shiba Inu Layer-2 blockchain, Shibarium, is joining the Google Cloud for Startups Program, which will allow it to utilize Google Cloud credits and access Google Cloud’s infrastructure and technologies.. This will power the development of critical infrastructure on Shibarium by enhancing the ecosystem’s scalability, security, and liquidity through innovative decentralized finance (DeFi) solutions. Additionally, K9 Finance DAO’s membership in the Google for Startups Cloud Program will support the creation of AI-powered DAO governance and operational tools, such as an AI agent to streamline community participation, further strengthening K9 DAO’s role in the Shiba Inu ecosystem.

k9 finance pr

“We’re honored to join the Google for Startups Cloud Program,” said Buzz, K9 DAO lead. “This accelerates our mission to bring advanced decentralized finance tools to Shibarium’s infrastructure. It also gives significant room to innovate in the AI sector for the Shiba Inu community.”

K9 Finance DAO enables users to stake their BONE tokens, receiving liquid tokens in return that unlock a range of DeFi opportunities while keeping assets accessible.

As the largest validator on Shibarium, K9 Finance DAO secures the network with over 2.5 million BONE tokens delegated to its validator, maintaining a perfect 100% uptime, according to Shibarium’s validator data. This leadership role reinforces Shibarium’s decentralization and reliability. Additionally, K9 Finance holds the highest Total Value Locked (TVL) on Shibarium, currently at $1.31 million, as reported by DeFiLlama and https://defillama.com/chain/Shibarium, highlighting its dominance in the ecosystem’s DeFi landscape.

K9 DAO has also open-sourced all Shibarium blockchain data using Google’s BigQuery to give further transparency to the ecosystem and give future builders the tools they require to create a decentralized financial future within the Shib Inu community.

About K9 Finance DAO

K9 Finance DAO is the official liquid staking platform and largest validator on Shibarium, committed to advancing DeFi within the Shiba Inu ecosystem. By allowing BONE holders to stake their tokens, earn rewards, and participate in governance with liquid assets, K9 Finance drives innovation and strengthens Shibarium’s infrastructure. Learn more at https://www.k9finance.com.