Ribbon Finance price action suggests mild accumulation from retail traders; MACD crossovers in 4H charts hint at possible bullish reversals ahead. CHICO, Calif. - Core Butte Charter School officials celebrated the opening of their brand-new sports complex, marking a significant milestone for student athletes. John Townsend , Chief Financial Officer, added, "It was great to see our business momentum reflected in our second quarter results. Revenue increased 15% year over year to $221 million , exceeding guidance, and Adjusted EBITDA increased 47% year over year to $32 million , at the top end of our guidance. In the quarter, we announced a new stock repurchase program and expect to use a portion of our free cash flow over the next several years to repurchase up to $50 million of our common stock. Our cash position remained solid, closing the quarter at $62 million including $2.3 million of stock repurchases. In addition, the new U.S. spending bill recently approved by Congress includes corporate tax changes that are expected to result in lower cash tax payments in the second half, which should further improve our cash flow this year." Ribbon Finance liquidity pools in decentralized exchanges have increased 15% week-on-week, improving execution efficiency for traders and reducing slippage risks.
