2 months ago
Following an impressive second quarter FY27, Navan Inc. (NASDAQ:NAVN) announced its acquisition of BoomPop, an AI-powered meetings and events platform that has been recognized by Inc. as one of the fastest-growing private companies in America. Launched in 2023, BoomPop offers end-to-end event management solutions to enterprises, by leveraging artificial intelligence capabilities. Its offerings cover the entire spectrum of event management procedures including venue selection, vendor sourcing, contractual agreement, payments, and more. For Navan, this deal build on an existing alliance between the two entities, which was announced earlier in February. It marks the company's strategic push to expand its footprint across the meetings and events segment, where a large chunk of the spending is still done outside managed platforms.
LStockStudio/Shutterstock.com
The BoomPop acquisition follows a persistent enterprise market momentum reported by the company in its second quarter results, allowing Navan to enter into collaborative agreements with several leading companies during the quarter. These included Enbridge, Ingersoll Rand, ****** mins, and Evotec. Navan also concluded the deal to acquire Smartrips, a well-reputed travel management business, with the aim of bolstering its presence across a rapidly-growing Latin American market.
Notably, Navan registered adjusted net income of $14 million during the second quarter compared to an $8 million loss in Q2 FY26. It came at the back of year-over-year growth figures of 39% and 35% for subscription revenue and usage revenue, respectively.
Through full integration of BoomPop's staff and technology, Navan intends to expand its current meetings and events operations, accelerate its product development timeline, and satisfy growing customer interest. The company aims to deliver a more seamless experience covering travel, expense, meetings, and events.
#navan
LStockStudio/Shutterstock.com
The BoomPop acquisition follows a persistent enterprise market momentum reported by the company in its second quarter results, allowing Navan to enter into collaborative agreements with several leading companies during the quarter. These included Enbridge, Ingersoll Rand, ****** mins, and Evotec. Navan also concluded the deal to acquire Smartrips, a well-reputed travel management business, with the aim of bolstering its presence across a rapidly-growing Latin American market.
Notably, Navan registered adjusted net income of $14 million during the second quarter compared to an $8 million loss in Q2 FY26. It came at the back of year-over-year growth figures of 39% and 35% for subscription revenue and usage revenue, respectively.
Through full integration of BoomPop's staff and technology, Navan intends to expand its current meetings and events operations, accelerate its product development timeline, and satisfy growing customer interest. The company aims to deliver a more seamless experience covering travel, expense, meetings, and events.
#navan
2 months ago
Navan Inc. (NASDAQ:NAVN), a global AI-enabled business travel and expense management solutions provider, announced its second quarter results on September 9. The company registered a 45% growth in its gross booking volume (GBV), which reached more than $3 billion. Such growth was fueled by cohort expansion, customer additions and increase in its existing install base. Total revenue for the quarter was $233 million, representing a 35% year-over-year jump. The company's adjusted operating income more than doubled compared to Q2 FY26, and the quarter also saw positive cash flow generation.
Copyright: kentoh / 123RF Stock Photo
Navan delivered robust performance during the recently concluded quarter, driven by a 35% increase in usage revenue which clocked in at $211 million. Subscription revenue was also up 39%, reaching $21 million. Apart from the 45% GBV expansion, a 34% growth was witnessed in Q2 Payment Volume which stood at $1.3 billion. One of the highlights of this quarter was a turnaround in adjusted net income, which jumped from an $8 million loss in Q2 FY26 to a $14 million profit for the reported period.
Enterprise market momentum remained persistent during the period, as the company established partnerships with leading names such as Evotec, Enbridge, ****** mins, and Ingersoll Rand. Significant progress was made around the Navan's proprietary AI agent, Ava, which managed roughly 60% of the total customer interactions. More than 50% of AI calls are now being managed through the company's in-house AI models, compared to 30% for the previous quarter.
Additionally, the company finalized its acquisition of a leading travel management business, Smartrips. This will enable Navan to expand its presence within the swiftly expanding Latin American market. Navan also acquired an AI-led meetings and events management platform, BoomPop.
#volume
Copyright: kentoh / 123RF Stock Photo
Navan delivered robust performance during the recently concluded quarter, driven by a 35% increase in usage revenue which clocked in at $211 million. Subscription revenue was also up 39%, reaching $21 million. Apart from the 45% GBV expansion, a 34% growth was witnessed in Q2 Payment Volume which stood at $1.3 billion. One of the highlights of this quarter was a turnaround in adjusted net income, which jumped from an $8 million loss in Q2 FY26 to a $14 million profit for the reported period.
Enterprise market momentum remained persistent during the period, as the company established partnerships with leading names such as Evotec, Enbridge, ****** mins, and Ingersoll Rand. Significant progress was made around the Navan's proprietary AI agent, Ava, which managed roughly 60% of the total customer interactions. More than 50% of AI calls are now being managed through the company's in-house AI models, compared to 30% for the previous quarter.
Additionally, the company finalized its acquisition of a leading travel management business, Smartrips. This will enable Navan to expand its presence within the swiftly expanding Latin American market. Navan also acquired an AI-led meetings and events management platform, BoomPop.
#volume
3 months ago
Our ***** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Avantium still wants to make the plastic bottle of the future. The problem is that the future keeps needing more time, more commissioning work and more shareholder cash.
Avantium now expects commercial deliveries from its FDCA flagship plant in Delfzijl, the Netherlands, to begin at the end of this year.
The plant is designed to produce FDCA, the key building block for PEF, Avantium's plant-based and circular polymer marketed under the Releaf brand. Its technology converts plant-based sugars into FDCA, which can then be used to make PEF for bottles, packaging, fibers and specialty applications.
The company said the oxidation unit at the Delfzijl plant has been successfully commissioned, following the start-up of utility systems and the sugar dehydration unit. Commissioning work on the purification unit is being finalized.
#commissioning #based
Avantium still wants to make the plastic bottle of the future. The problem is that the future keeps needing more time, more commissioning work and more shareholder cash.
Avantium now expects commercial deliveries from its FDCA flagship plant in Delfzijl, the Netherlands, to begin at the end of this year.
The plant is designed to produce FDCA, the key building block for PEF, Avantium's plant-based and circular polymer marketed under the Releaf brand. Its technology converts plant-based sugars into FDCA, which can then be used to make PEF for bottles, packaging, fibers and specialty applications.
The company said the oxidation unit at the Delfzijl plant has been successfully commissioned, following the start-up of utility systems and the sugar dehydration unit. Commissioning work on the purification unit is being finalized.
#commissioning #based
3 months ago
The Oklahoma Sooners are in need of a running game to make a major step in 2026 if they want to prove last season wasn't a fluke and the Sooners are a legit College Football Playoff contender.
When it comes to having a strong running game, a team needs good running backs, a good offensive line, a good tight end room and a good scheme. The Sooners feel this year's team is better in those areas than last year's team.
While the run game has been an emphasis, there has been an under-the-radar running back that is pushing to be Oklahoma's starter. Coming into the offseason, many thought the top spot would go to Tory Blaylock or Xavier Robinson. The two were the main contributors on last season's team. There had been some offseason buzz around true freshman Jonathan Hatton Jr. However, it's another name that's getting most of the first-team reps
Lloyd Avant, transfer running back, has been getting running back one reps so far," On3's J.D. PicKell said on 'The Hard Count.' "That's great. Two things I'm tracking, though. One, who else pops up in that rotation with Avant to take carries... In addition to that, what does it look like when the pads come on? Does that pecking order change at all?"
Avant arrived at Oklahoma without the same level of attention as some of the other running backs in the room. The transfer spent time at Colorado State and the Tulsa Golden Hurricane, rushing for 676 yards and six touchdowns across his two seasons. His biggest reputation, however, came as a kick returner.
#however
When it comes to having a strong running game, a team needs good running backs, a good offensive line, a good tight end room and a good scheme. The Sooners feel this year's team is better in those areas than last year's team.
While the run game has been an emphasis, there has been an under-the-radar running back that is pushing to be Oklahoma's starter. Coming into the offseason, many thought the top spot would go to Tory Blaylock or Xavier Robinson. The two were the main contributors on last season's team. There had been some offseason buzz around true freshman Jonathan Hatton Jr. However, it's another name that's getting most of the first-team reps
Lloyd Avant, transfer running back, has been getting running back one reps so far," On3's J.D. PicKell said on 'The Hard Count.' "That's great. Two things I'm tracking, though. One, who else pops up in that rotation with Avant to take carries... In addition to that, what does it look like when the pads come on? Does that pecking order change at all?"
Avant arrived at Oklahoma without the same level of attention as some of the other running backs in the room. The transfer spent time at Colorado State and the Tulsa Golden Hurricane, rushing for 676 yards and six touchdowns across his two seasons. His biggest reputation, however, came as a kick returner.
#however
4 months ago
Renewable energy developer Avantus said its Aratina 1 solar-plus-storage project has entered commercial operation in California. The 200-MW/500-MWh installation in Kern County has long-term power purchase agreements (PPAs) with Central Coast Community Energy (3CE) and Silicon Valley Clean Energy (SVCE), a pair of community choice aggregators.Avantus on July 20 said the company will have a controlling stake in Aratina 1 and will operate the facility. The company said the project is among several **** ets it will oversee as it expands from a clean energy developer to an independent power producer (IPP)."Aratina 1 coming online marks a major milestone for Avantus as an independent power producer, providing reliable clean power to California communities for decades to come," said Cliff Graham, CEO of Avantus. "I'm incredibly proud of what Team Avantus built here. Their expertise across development, construction, financing and operations, and the trust our financing and CCA partners have placed in us, are the foundation we're building our long-term IPP model on.""The Aratina project is a powerful example of how community choice energy turns climate goals into real projects on the ground," said Robert Shaw, CEO of 3CE. "Our long-term commitment to 120 MW from this facility will deliver clean, affordable power to our customers while supporting California's transition away from fossil fuels. We're grateful to partner with Avantus on a project that strengthens grid reliability and invests in the Central Coast's clean energy future."
Avantus said a consortium of lenders, including Sumitomo Mitsui Banking Corp., Truist Securities, ING Capital, and Mizuho, provided financing of more than $500 million for Aratina 1. The project also secured a $300-million tax equity commitment from Truist Bank. Officials said the project created about 500 jobs at peak construction."The clean power generated from the Aratina project gets us one step closer to our climate goals. New projects like this are critical in increasing statewide clean capacity and reliability as we reduce our dependence on fossil fuels and move towards an all-electric future," said Monica Padilla, CEO of SVCE.Avantus on Monday said that Aratina 2, the second phase of the Aratina Solar Center, located adjacent to Aratina 1, is currently under construction. Aratina 2 recently closed more than $525 million in financing and is targeting commercial operation before year-end. The Aratina Solar Center when complete will represent a combined 350 MW of solar and 952 MWh of energy storage.Avantus develops, owns, and operates utility-scale clean energy projects across California and the Desert Southwest. The company is backed by strategic investment from KKR and EIG. The company earlier this year closed a financing package of more than $300 million for a project in Arizona.Avantus and Clean Power Alliance, another community choice aggregator, earlier in July announced a 20-year PPA for the Rexford 2 solar-plus-s
Avantus said a consortium of lenders, including Sumitomo Mitsui Banking Corp., Truist Securities, ING Capital, and Mizuho, provided financing of more than $500 million for Aratina 1. The project also secured a $300-million tax equity commitment from Truist Bank. Officials said the project created about 500 jobs at peak construction."The clean power generated from the Aratina project gets us one step closer to our climate goals. New projects like this are critical in increasing statewide clean capacity and reliability as we reduce our dependence on fossil fuels and move towards an all-electric future," said Monica Padilla, CEO of SVCE.Avantus on Monday said that Aratina 2, the second phase of the Aratina Solar Center, located adjacent to Aratina 1, is currently under construction. Aratina 2 recently closed more than $525 million in financing and is targeting commercial operation before year-end. The Aratina Solar Center when complete will represent a combined 350 MW of solar and 952 MWh of energy storage.Avantus develops, owns, and operates utility-scale clean energy projects across California and the Desert Southwest. The company is backed by strategic investment from KKR and EIG. The company earlier this year closed a financing package of more than $300 million for a project in Arizona.Avantus and Clean Power Alliance, another community choice aggregator, earlier in July announced a 20-year PPA for the Rexford 2 solar-plus-s
4 months ago
Wolfpack fans, Blue Devils fans and Caniacs alike are celebrating after each had nominations for major honors at this year's ESPY Awards.
Former NC State soccer standout Donavan Phillip is nominated for best college athlete, as is former Duke basketball star Cameron Boozer. They join a formidable field of nominees that includes Penn State wrestler Mitchell Mesenbrink and Heisman Trophy winner Fernando Mendoza of Indiana University. Boozer was recently selected third in this year's NBA draft, and Phillip, now with the Colorado Rapids, played his final collegiate season on the very field where fans first saw his rise.
NC State men's soccer head coach Marc Hubbard said the nomination marks a first for the program.
"Another first. I haven't had an ESPY nomination for one of our guys," he said.
Hubbard, now in his second year leading the Wolfpack, said Phillip's growth has been remarkable.
Former NC State soccer standout Donavan Phillip is nominated for best college athlete, as is former Duke basketball star Cameron Boozer. They join a formidable field of nominees that includes Penn State wrestler Mitchell Mesenbrink and Heisman Trophy winner Fernando Mendoza of Indiana University. Boozer was recently selected third in this year's NBA draft, and Phillip, now with the Colorado Rapids, played his final collegiate season on the very field where fans first saw his rise.
NC State men's soccer head coach Marc Hubbard said the nomination marks a first for the program.
"Another first. I haven't had an ESPY nomination for one of our guys," he said.
Hubbard, now in his second year leading the Wolfpack, said Phillip's growth has been remarkable.
4 months ago
Navan Inc. (NASDAQ:NAVN) is one of the best up and coming tech stocks to buy now. On June 18, Navan announced a definitive agreement to acquire Smartrips, a prominent Brazilian travel management company. This marks Navan's first acquisition as a public company, designed to strengthen its presence in Latin America and capture a larger share of the region's significant corporate travel market.
The integration will allow Navan to consolidate travel and expense management for Brazilian operations directly onto its AI-powered platform. By combining Navan's global technology with Smartrips' local expertise and supplier relationships, the company aims to provide a unified experience for global enterprises operating within Brazil.
photo by Business-laptop-campaign-creators on Unsplash
Brazil currently accounts for approximately 40% of Latin American business travel spend, making it a critical market for Navan Inc.'s (NASDAQ:NAVN) expansion. This acquisition follows the company's established strategy of integrating market-leading local operators to scale its enterprise-grade services into new geographies.
Navan Inc. (NASDAQ:NAVN) operates an AI-powered software platform for travel and expense management.
The integration will allow Navan to consolidate travel and expense management for Brazilian operations directly onto its AI-powered platform. By combining Navan's global technology with Smartrips' local expertise and supplier relationships, the company aims to provide a unified experience for global enterprises operating within Brazil.
photo by Business-laptop-campaign-creators on Unsplash
Brazil currently accounts for approximately 40% of Latin American business travel spend, making it a critical market for Navan Inc.'s (NASDAQ:NAVN) expansion. This acquisition follows the company's established strategy of integrating market-leading local operators to scale its enterprise-grade services into new geographies.
Navan Inc. (NASDAQ:NAVN) operates an AI-powered software platform for travel and expense management.
4 months ago
Interested in Avantis U.S. Small Cap Value ETF? Here are five stocks we like better.
Avantis U.S. Small Cap Value gives investors active exposure to profitable, lower-valuation small-cap stocks.
Vanguard Small-Cap offers broad, low-cost access to small-cap companies across value and growth categories.
iShares Russell 2000 remains one of the most liquid ways to track the broader U.S. small-cap market.
The small-cap equities world carries a number of risks—unproven companies, higher volatility, and so on—but also brings the opportunity for growth that may outpace some larger names. International small-cap names may be heating up, and while small-cap stocks in the United States have already had a good run, many valuations remain comparably attractive when held up against mega-cap tech stocks and other top names. A big factor is the interest rate environment: investors predicting that the Fed might hold rates steady or even lower them at some point in the foreseeable future might want to stock up on small-cap names to buy and hold before that time.
Avantis U.S. Small Cap Value gives investors active exposure to profitable, lower-valuation small-cap stocks.
Vanguard Small-Cap offers broad, low-cost access to small-cap companies across value and growth categories.
iShares Russell 2000 remains one of the most liquid ways to track the broader U.S. small-cap market.
The small-cap equities world carries a number of risks—unproven companies, higher volatility, and so on—but also brings the opportunity for growth that may outpace some larger names. International small-cap names may be heating up, and while small-cap stocks in the United States have already had a good run, many valuations remain comparably attractive when held up against mega-cap tech stocks and other top names. A big factor is the interest rate environment: investors predicting that the Fed might hold rates steady or even lower them at some point in the foreseeable future might want to stock up on small-cap names to buy and hold before that time.
4 months ago
AVDE is up 23% over the past year and delivers a low-2.5% yield backed by real operating cash flow across 30 countries.
ASML anchors AVDE's income with $13 billion in free cash flow, while HSBC contributes a 5%-plus yield but faces near-term dividend growth constraints.
BHP's free cash flow fell 55% in FY2025, dropping its total dividend to $1 per share and making its AVDE contribution a commodity-linked variable.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and ASML didn't make the cut. Grab the names FREE today.
Avantis International Equity ETF (NYSEARCA:AVDE) gives U.S. investors a single-ticket entry into developed markets outside the United States, and the income stream that comes with it. The fund draws from the MSCI World ex USA IMI Index universe but applies an active value-and-profitability tilt, then collects dividends from the underlying European, ***** anese, U.K., and Australian companies it owns. AVDE shares trade around $87 today, and the question for income-focused holders is simple: how durable is the distribution stream behind it?
ASML anchors AVDE's income with $13 billion in free cash flow, while HSBC contributes a 5%-plus yield but faces near-term dividend growth constraints.
BHP's free cash flow fell 55% in FY2025, dropping its total dividend to $1 per share and making its AVDE contribution a commodity-linked variable.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and ASML didn't make the cut. Grab the names FREE today.
Avantis International Equity ETF (NYSEARCA:AVDE) gives U.S. investors a single-ticket entry into developed markets outside the United States, and the income stream that comes with it. The fund draws from the MSCI World ex USA IMI Index universe but applies an active value-and-profitability tilt, then collects dividends from the underlying European, ***** anese, U.K., and Australian companies it owns. AVDE shares trade around $87 today, and the question for income-focused holders is simple: how durable is the distribution stream behind it?
4 months ago
Navan, Inc. (NASDAQ:NAVN) is one of the 10 Best New Stocks to Buy Other Than **** eX.
On June 25, 2026, Navan, Inc. (NASDAQ:NAVN) announced that **** mins (CMI) selected Navan after a review of the business travel landscape. Through the partnership, Navan will support the travel needs of more than 60,000 **** mins employees across locations in more than 60 countries and three global regions.
On June 24, Navan announced a partnership with Enbridge (ENB) to transform its travel program. Tracie Slone, VP & Chief Supply Chain Officer at Enbridge, said Navan helps "simplify travel," pointing to reduced manual work and a better user experience while supporting efficiency and disciplined growth across Enbridge's operations.
On June 11, BMO Capital raised its price target on Navan to $30 from $22 and kept an Outperform rating. BMO Capital said Navan's Q1 results were strong, with upside on every key metric. The firm also noted accelerating growth in travel bookings and payments, another improvement in overall revenue growth, triple-digit growth in RFPs, enterprise gains, and an AI strategy that is helping the business scale efficiently.
Navan, Inc. (NASDAQ:NAVN) operates an AI-powered software platform for travel and expense management.
On June 25, 2026, Navan, Inc. (NASDAQ:NAVN) announced that **** mins (CMI) selected Navan after a review of the business travel landscape. Through the partnership, Navan will support the travel needs of more than 60,000 **** mins employees across locations in more than 60 countries and three global regions.
On June 24, Navan announced a partnership with Enbridge (ENB) to transform its travel program. Tracie Slone, VP & Chief Supply Chain Officer at Enbridge, said Navan helps "simplify travel," pointing to reduced manual work and a better user experience while supporting efficiency and disciplined growth across Enbridge's operations.
On June 11, BMO Capital raised its price target on Navan to $30 from $22 and kept an Outperform rating. BMO Capital said Navan's Q1 results were strong, with upside on every key metric. The firm also noted accelerating growth in travel bookings and payments, another improvement in overall revenue growth, triple-digit growth in RFPs, enterprise gains, and an AI strategy that is helping the business scale efficiently.
Navan, Inc. (NASDAQ:NAVN) operates an AI-powered software platform for travel and expense management.
4 months ago
Defending champions Kerry survived a major scare to edge out Tyrone 2-25 to 0-27 and reach the All-Ireland semi-finals after a heart-stopping last-eight encounter at Croke Park.
Substitute Darren McCurry hit 0-10 in the second half to lead a valiant Tyrone fightback, but a late Paudie Clifford point and goal from Armin Heinrich sealed a thrilling victory for Jack O'Connor's side.
David Clifford once again starred as he hit 1-8 and was ably **** isted by Dylan Geaney, who fired over 0-8 in a man-of-the-match display.
Malachy O'Rourke's side - who were without injured forward Darragh Canavan - will be left to rue a real missed opportunity after kicking 11 wides.
The Kingdom, who have now beaten Tyrone in the last three Croke Park championship meetings, join Mayo as the first two teams into the semi-finals which will be played in a fortnight.
Substitute Darren McCurry hit 0-10 in the second half to lead a valiant Tyrone fightback, but a late Paudie Clifford point and goal from Armin Heinrich sealed a thrilling victory for Jack O'Connor's side.
David Clifford once again starred as he hit 1-8 and was ably **** isted by Dylan Geaney, who fired over 0-8 in a man-of-the-match display.
Malachy O'Rourke's side - who were without injured forward Darragh Canavan - will be left to rue a real missed opportunity after kicking 11 wides.
The Kingdom, who have now beaten Tyrone in the last three Croke Park championship meetings, join Mayo as the first two teams into the semi-finals which will be played in a fortnight.
