DMC Global stock jumps as earnings, sales top estimates

DMC Global Inc. (Nasdaq: BOOM) saw its stock trade higher during the first half of the trading day Friday after the oilfield and infrastructure services firm posted rosier than expected first-quarter sales and earnings results.

Sales in the most-recent period were $159.3 million, down 5% compared with the first quarter of 2024, but higher than the consensus Wall Street estimate of $148.4 million.

Net income attributable to DMC was $677 million in the first quarter of this year, while the company’s diluted attributable net income per share was 4 cents. Analysts expected a loss per share of 2 cents.

Looking ahead to the second quarter, DMC expects to post revenues in the range of $149 million to $157 million.

Louisville’s Solid Power battery company improved revenue in first quarter

Louisville’s Solid Power Inc. (Nasdaq: SLDP), which makes solid-state batteries and sulfide-based electrolyte technology for electric vehicles, improved its top and bottom lines in the first quarter.

The company recorded $6 million in revenue during the first quarter of 2025, up slightly from sales of $5.95 million in the same period last year.

Solid Power’s net loss in the most recent period was $15.1 million, an improvement over the net loss of $21.2 million posted in the first quarter of 2024. Solid Power’s stock price has dropped about 43% since the beginning of 2025.

CU launches Boulder Climate Ventures startup program with Bill Gates’ support

The University of Colorado, with the backing of Bill Gates’ Breakthrough Energy initiative, has launched Boulder Climate Ventures, a program aimed at helping CU students found startup companies that address climate challenges.

CU is the first public university in the United States to join the Breakthrough Energy network, joining private schools Stanford University and the Massachusetts Institute of Technology.

“We have the student ingenuity, strong faculty support, cutting-edge research and supportive ecosystem to catalyze the technological transformations the world needs,” Andrew Mayock, CU vice chancellor for sustainability, said in a statement. “This program is a prime example of where we’re headed as a university and broader community.”The Boulder Climate Ventures program’s curriculum includes a two-part entrepreneurship course launching in fall 2025.

Boulder’s OnKure increased research spending in 1Q with drug trials underway

OnKure Therapeutics Inc. (Nasdaq: OKUR), a Boulder precision oncology company that went public last year via a merger with California-based Reneo Pharmaceuticals Inc., saw its net losses grow in the first quarter of 2025 as research and development spending increased with several drug trials underway. The company spent $13 million on R&D in the first quarter of 2025, compared with $8.6 million during the same period last year. OnKure’s net loss in the most-recent quarter was $15.9 million, compared with a net loss of $9.5 million in the first quarter of 2024.

The company’s drug candidate pipeline is highlighted by OKI-219, a selective PI3K alpha H1047R inhibitor for the treatment of certain types of breast cancer that began clinical trials in February 2024.

OnKure ended the first quarter with $96.7M in cash and cash equivalents on hand, which the company said is “expected to be sufficient to fund operations through multiple anticipated milestones into Q4 2026.” OnKure’s stock has lost nearly 75% of its value since the start of 2025.

— BizWest reports