"Inside Out 2."Disney-PixarDisney-Pixar’s Inside Out 2 continues to dominate the domestic box office and is estimated to make $98 million in its second weekend in theaters, Deadline reports.The sequel to the 2015 Best Animated Feature Oscar winner Inside Out, Inside Out 2 opened in North American theaters on June 14 and earned a mind-blowing $155 million in its first Friday to Sunday frame.Deadline reports that Inside Out 2 made an estimated $30 million on Friday alone. Should the estimated $98 million week ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What ar ...

Haptics leader is focused on accelerating profitable growth MONTREAL, May 30, 2024 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. (“D-BOX” or the "Corporation") (TSX: DBO) a world leader in haptic and immersive experiences, today reported financial results for the fourth quarter and fiscal year ended March 31, 2024. All dollar amounts are expressed in Canadian currency. Q4 FISCAL 2024 HIGHLIGHTS(Compared to Q4 fiscal 2023) Total revenues of $10.1 million contributed to full year record highs for rights for use ...

PART I — FINANCIAL INFORMATION [Item 1. Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) Presents the unaudited condensed consolidated financial statements for the quarter ended April 30, 2024 [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to $1.18 billion, while the total stockholders' deficit narrowed to $(397.9) million Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | April 30, 2024 | January 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $449,507 | $383,742 | | Accounts receivable, net | $143,053 | $281,487 | | Total current assets | $788,673 | $842,180 | | Total assets | $1,176,097 | $1,241,163 | | **Liabilities & Stockholders' Deficit** | | | | Deferred revenue (current) | $493,003 | $562,859 | | Total current liabilities | $591,438 | $679,280 | | Debt, net, non-current | $371,323 | $370,822 | | Total liabilities | $1,081,386 | $1,180,130 | | Total stockholders' deficit | $(397,874) | $(431,062) | [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Quarterly revenue grew 5% to $264.7 million, with net income increasing to $17.2 million Statement of Operations Highlights (in thousands, except per share data) | Metric | Three Months Ended April 30, 2024 | Three Months Ended April 30, 2023 | | :--- | :--- | :--- | | Revenue | $264,658 | $251,898 | | Gross Profit | $206,406 | $190,247 | | Income from operations | $18,007 | $8,335 | | Net income | $17,222 | $8,350 | | Diluted net income per share | $0.08 | $0.02 | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities increased 5% to $131.2 million for the three-month period Cash Flow Summary (in thousands) | Cash Flow Activity | Three Months Ended April 30, 2024 | Three Months Ended April 30, 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $131,204 | $124,930 | | Net cash used in investing activities | $(23,170) | $(8,782) | | Net cash used in financing activities | $(35,695) | $(60,921) | | Net increase in cash | $66,128 | $53,176 | [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Provides supplementary details on significant accounting policies, commitments, debt, and equity - As of April 30, 2024, the company had remaining performance obligations (RPO) of **$1.2 billion**, with **59%** expected to be recognized as revenue over the next 12 months[41](index=41&type=chunk) - Future minimum payments under non-cancellable contractual purchase obligations, primarily for public cloud hosting, totaled **$316.1 million** as of April 30, 2024[56](index=56&type=chunk)[57](index=57&type=chunk) - During the quarter, the company repurchased **1.4 million shares** of common stock for **$37.2 million**, with **$126.4 million** remaining available for future repurchases[67](index=67&type=chunk) - Total stock-based compensation expense for the quarter was **$51.2 million**, an increase from **$47.3 million** in the prior-year period[78](index=78&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management analyzes quarterly financial performance, key metrics, and the impact of macroeconomic factors [Current Period Highlights](index=30&type=section&id=Current%20Period%20Highlights) Revenue grew 5% to $264.7 million, with a 14% increase in non-GAAP free cash flow to $123.2 million Q1 FY2025 Financial Highlights vs. Q1 FY2024 | Metric | Q1 FY2025 | Q1 FY2024 | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | $264.7M | $251.9M | +5% | | Gross Margin | 78.0% | 75.5% | +250 bps | | Operating Margin | 6.8% | 3.3% | +350 bps | | RPO | $1.212B | $1.179B | +3% | | Net Cash from Operations | $131.2M | $124.9M | +5% | | Non-GAAP Free Cash Flow | $123.2M | $108.2M | +14% | [Key Business Metrics](index=30&type=section&id=Key%20Business%20Metrics) RPO grew 3% to $1.212 billion while the net retention rate declined to 101% due to customer budget scrutiny - Remaining Performance Obligations (RPO) were **$1.212 billion**, up 3% YoY, with growth negatively impacted by **470 basis points** from foreign currency exchange rates[94](index=94&type=chunk) - Billings were **$190.5 million**, a decrease of 1% YoY, primarily driven by a **550 basis point** negative impact from foreign currency exchange rates[97](index=97&type=chunk) - The net retention rate was **101%** as of April 30, 2024, down from **106%** as of April 30, 2023, due to heightened budget scrutiny and increased partial customer churn[104](index=104&type=chunk) [Results of Operations](index=35&type=section&id=Results%20of%20Operations) Revenue increased 5% to $264.7 million, driven by existing customers despite negative foreign exchange impacts - Revenue increased by **$12.8 million (5%)**, driven by seat growth in existing customers and strong attach rates of multi-product Suites, partially offset by a **260 basis point** negative currency impact[115](index=115&type=chunk) - Cost of revenue decreased by **$3.4 million (6%)**, primarily due to a **$7.0 million** decrease in depreciation expense following the completion of the migration to the public cloud[117](index=117&type=chunk) - Sales and marketing expenses increased by **$6.5 million (7%)**, driven by a **$2.3 million** increase in marketing event costs and a **$2.4 million** increase in stock-based compensation[121](index=121&type=chunk) [Liquidity and Capital Resources](index=39&type=section&id=Liquidity%20and%20Capital%20Resources) The company held $567.0 million in cash and short-term investments and generated $131.2 million in operating cash flow - The company had cash, cash equivalents, restricted cash, and short-term investments of **$567.0 million** as of April 30, 2024[127](index=127&type=chunk) - Cash used in financing activities was **$35.7 million**, primarily driven by **$32.1 million** in common stock repurchases and **$3.8 million** in dividend payments to preferred stockholders[133](index=133&type=chunk) - The Board of Directors authorized an additional **$100 million** for the share repurchase plan on March 4, 2024, with **$126.5 million** remaining available for repurchases as of April 30, 2024[138](index=138&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=45&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Identifies primary market risks from interest rates and foreign currency fluctuations, particularly the Japanese Yen - The company is exposed to interest rate risk from its **$150.0 million** revolving loan facility, which is partially mitigated by a swap agreement with a notional value of **$30.0 million**[148](index=148&type=chunk)[149](index=149&type=chunk) - Approximately **one-third of revenue** is denominated in foreign currencies, with fluctuations unfavorably impacting total revenue by approximately **260 basis points** for the quarter[150](index=150&type=chunk) - To mitigate foreign currency risk, the company has entered into derivative contracts to hedge a portion of its net outstanding monetary assets and liabilities[152](index=152&type=chunk) [Item 4. Controls and Procedures](index=46&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material changes to internal controls - Based on an evaluation as of the end of the period, the CEO and CFO concluded that the company's disclosure controls and procedures were **effective** at the reasonable assurance level[154](index=154&type=chunk) - There were **no changes** in internal control over financial reporting during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[155](index=155&type=chunk) PART II – OTHER INFORMATION [Item 1. Legal Proceedings](index=47&type=section&id=Item%201.%20Legal%20Proceedings) The company is subject to ordinary course litigation but does not anticipate any material loss from current contingencies - The company is subject to litigation and claims arising in the ordinary course of business but believes that as of April 30, 2024, there was **not a reasonable possibility** of incurring a material loss[58](index=58&type=chunk)[157](index=157&type=chunk) [Item 1A. Risk Factors](index=47&type=section&id=Item%201A.%20Risk%20Factors) Details significant risks including intense competition, customer retention, economic conditions, and cybersecurity threats - The market for cloud content management is **intensely competitive**, with major competitors including Microsoft and Google, which could create pricing pressure[162](index=162&type=chunk) - The business substantially depends on customer renewals, and the **net retention rate declined to 101%** from 106% a year prior, which could harm future operating results[164](index=164&type=chunk) - Actual or perceived **security vulnerabilities** and unauthorized data access could harm the business, as the company stores large amounts of sensitive customer information[185](index=185&type=chunk)[186](index=186&type=chunk) - International operations expose the company to risks, including significant fluctuations in currency exchange rates, particularly the **Japanese Yen**, which has negatively impacted results[179](index=179&type=chunk)[181](index=181&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=91&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) Details the repurchase of 1.4 million shares for $37.2 million and a $100 million increase to the buyback plan Share Repurchase Activity (Q1 FY2025) | Period | Total Shares Purchased (thousands) | Average Price Per Share | Total Cost (thousands) | | :--- | :--- | :--- | :--- | | Feb 2024 | 0 | N/A | $0 | | Mar 2024 | 94 | $28.43 | $2,672 | | Apr 2024 | 1,279 | $27.00 | $34,533 | | **Total** | **1,373** | **$27.10 (weighted avg)** | **$37,205** | - On March 4, 2024, the Board of Directors authorized an additional **$100 million** for the share repurchase plan, with approximately **$126.4 million** remaining available as of April 30, 2024[284](index=284&type=chunk) [Item 5. Other Information](index=91&type=section&id=Item%205.%20Other%20Information) Key executives and directors adopted pre-arranged Rule 10b5-1 trading plans during the quarter - CEO Aaron Levie adopted a Rule 10b5-1 trading plan on April 2, 2024, for the sale of up to **40,000 shares**, commencing July 2, 2024[285](index=285&type=chunk) - CFO Dylan Smith adopted a Rule 10b5-1 trading plan on April 2, 2024, for the sale of up to **156,000 shares**, commencing July 10, 2024[285](index=285&type=chunk) [Item 6. Exhibits](index=91&type=section&id=Item%206.%20Exhibits) Lists all exhibits filed with the report, including required CEO and CFO certifications - The report includes certifications from the CEO and CFO pursuant to **Sections 302 and 906** of the Sarbanes-Oxley Act of 2002[290](index=290&type=chunk)[291](index=291&type=chunk)[292](index=292&type=chunk) - The filing includes **Inline XBRL** documents for financial data tagging[293](index=293&type=chunk) [Signatures](index=93&type=section&id=Signatures) The report was duly signed and authorized by the CEO and CFO on May 30, 2024 - The Form 10-Q was signed on **May 30, 2024**, by Aaron Levie (CEO) and Dylan Smith (CFO)[296](index=296&type=chunk)[297](index=297&type=chunk)

Box, Inc. (BOX) reported first-quarter fiscal 2025 non-GAAP earnings per share of 39 cents, which beat the Zacks Consensus Estimate by 8.3%. The figure jumped 21.9% year over year.Total revenues of $264.66 million surpassed the consensus mark by 1.15%. The top line increased 5% year over year (8% growth on a constant-currency basis).Solid momentum in the Content Cloud platform and the growing adoption of Enterprise Plus Suites drove top-line growth. The growing momentum of Box AI was also positive.Q4 in Det ...

Summary of Box's First Quarter Fiscal 2025 Earnings Conference Call Company Overview - The conference call is regarding Box, a company that provides cloud content management and file sharing services [1] Key Points and Arguments - The call is hosted by Cynthia Hipponia, Vice President of Investor Relations, indicating a structured approach to investor communication [1] - The first quarter fiscal 2025 earnings are the primary focus, suggesting that the company is in a growth phase and actively engaging with investors [1] Additional Important Content - The call includes a question and answer session, highlighting the company's openness to investor inquiries and engagement [1] - The use of mute lines indicates a professional setup aimed at minimizing distractions during the call [1]

Box, Inc. (NYSE:BOX) Q1 2025 Earnings Conference Call May 28, 2024 5:00 PM ET Company Participants Cynthia Hiponia - Vice President, Investor Relations Aaron Levie - Co-Founder and Chief Executive Officer Dylan Smith - Co-Founder and Chief Financial Officer Conference Call Participants Brian Peterson - Raymond James & Associates Pinjalim Bora - JP Morgan Securities George Kurosawa - Steve Enders Josh Baer - Morgan Stanley George Iwanyc - Oppenheimer Rishi Jaluria - RBC Capital Markets Operator Hello, thank ...

Box (BOX) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this online storage provider would post earnings of $0.38 per share when it actually produced earnings of $0.42, delivering a surprise of 10.53%.Over the last four quarters, the compan ...

Revenue and Growth - Revenue for Q1 FY25 was $264.7 million, up 5% YoY, or 8% growth on a constant currency basis[3] - Q2 FY25 revenue guidance is $268 million to $270 million, up 3% YoY at the high-end, or 6% growth on a constant currency basis[8] - Full-year FY25 revenue guidance is $1.075 billion to $1.08 billion, up 4% YoY at the high-end, or 7% growth on a constant currency basis[10] - Revenue increased to $264.7 million in April 2024, up 5.1% from $251.9 million in April 2023[29] Non-GAAP Financial Metrics - Non-GAAP operating margin for Q1 FY25 was 26.6%, exceeding guidance[3] - Non-GAAP free cash flow for Q1 FY25 was $123.2 million, up 14% YoY[3] - Non-GAAP diluted net income per share for Q1 FY25 was $0.39, up from $0.32 in Q1 FY24[3] - Non-GAAP gross margin improved to 80.2% in April 2024 from 77.9% in April 2023[34] - Non-GAAP operating income increased to $70.4 million in April 2024, up from $57.4 million in April 2023[34] - Non-GAAP net income attributable to common stockholders rose to $58.4 million in April 2024 from $47.5 million in April 2023[34] - Non-GAAP net income per share for Q3 2024 is $0.40, with a range of $0.40 to $0.41[37] - Non-GAAP net income per share for FY 2025 is $1.54, with a range of $1.54 to $1.58[37] - Non-GAAP operating margin for Q3 2024 and FY 2025 is 27.0%[39] Cash Flow and Liquidity - Box's cash and cash equivalents increased to $449.5 million as of April 30, 2024, compared to $383.7 million as of January 31, 2024[27] - Net cash provided by operating activities was $131.2 million in April 2024, up from $124.9 million in April 2023[32] - Cash, cash equivalents, and restricted cash increased to $450.4 million at the end of April 2024 from $384.3 million at the beginning of the period[32] Remaining Performance Obligations (RPO) and Billings - Remaining performance obligations (RPO) as of April 30, 2024 were $1.212 billion, up 3% YoY[3] - Box's remaining performance obligations (RPO) represent contracted revenue not yet recognized, consisting of deferred revenue and backlog[24] - Billings for April 2024 were $190.5 million, slightly down from $191.9 million in April 2023[36] - Box's billings reflect sales to new customers, subscription renewals, and expansion within existing customers, calculated by adding changes in deferred revenue and contract assets to revenue[22] Operating Expenses and Margins - Total operating expenses increased to $188.4 million in April 2024 from $181.9 million in April 2023[29] - GAAP operating margin for Q3 2024 is 6.0%, and 6.5% for FY 2025[39] - Stock-based compensation impact on operating margin is 20.5% for Q3 2024 and 20.0% for FY 2025[39] - Acquired intangible assets amortization impact on operating margin is 0.5% for both Q3 2024 and FY 2025[39] Stock-Based Compensation - Stock-based compensation expense totaled $51.2 million in April 2024, compared to $47.3 million in April 2023[30] - Stock-based compensation for Q3 2024 is $0.37 per share, and $1.45 per share for FY 2025[37] Net Income and Earnings Per Share - Net income attributable to common stockholders rose to $11.5 million in April 2024, compared to $3.7 million in April 2023[29] - Diluted GAAP net income per share for Q3 2024 is $0.06, with a range of $0.06 to $0.07[37] - Diluted GAAP net income per share for FY 2025 is $0.20, with a range of $0.20 to $0.24[37] Balance Sheet and Liabilities - Accounts receivable decreased to $143.1 million as of April 30, 2024, from $281.5 million as of January 31, 2024[27] - Deferred revenue decreased to $493.0 million as of April 30, 2024, from $562.9 million as of January 31, 2024[27] - Box's total liabilities decreased to $1.08 billion as of April 30, 2024, from $1.18 billion as of January 31, 2024[27] - Box's stockholders' deficit improved to $397.9 million as of April 30, 2024, from $431.1 million as of January 31, 2024[27] Product and Innovation - Box AI for Hubs introduced in public beta, enabling teams to unlock value from enterprise data[5] - Box Hubs public beta launched, offering a new intelligent portal solution for content curation and publishing[5] Foreign Exchange (FX) Impact - FX headwinds expected to impact full-year FY25 revenue growth by 250 basis points and operating margin by 160 basis points[6] Non-GAAP Definitions - Box defines non-GAAP gross profit as GAAP gross profit excluding stock-based compensation, intangible assets amortization, and other special items[19] - Box defines non-GAAP operating income as operating income excluding stock-based compensation, intangible assets amortization, and other special items[20] - Box defines non-GAAP net income attributable to common stockholders as GAAP net income excluding stock-based compensation, intangible assets amortization, and other special items[21]

Group 1: Stock Splits Overview - Stock splits have gained popularity, particularly in the retail sector, with notable companies like Nvidia, Amazon, and Tesla having completed splits recently [1] - A stock split increases the number of outstanding shares while proportionally decreasing the stock price, leaving the overall market capitalization unchanged [2] - Stock splits are often initiated when a company's share price has risen significantly, making shares less accessible to average investors [2][3] Group 2: Costco's Potential for a Stock Split - Costco has not had a stock split since 2000, and its shares have increased nearly 600% over the last decade, currently priced around $795 [4][6] - The company is viewed as a strong candidate for a stock split due to its high share price and significant returns [6] - Costco's P/E ratio of 52 is the highest among its peers, indicating a premium valuation, yet it remains a compelling investment opportunity [10] Group 3: Market Position and Investment Outlook - Despite challenges from e-commerce, Costco's business model focuses on essential consumer goods, positioning it well in various economic conditions [10] - The company is expected to perform well even amid inflation and high borrowing costs, reinforcing its status as a leading retailer [10][11] - Investors are encouraged to consider purchasing Costco shares now rather than waiting for a potential stock split, as the company's fundamentals remain strong [11]