Group 1: UiPath (PATH) - UiPath specializes in robotic process automation (RPA), providing software to automate repetitive tasks, enhancing efficiency and productivity [9] - The company posted an average earnings per share (EPS) of 14 cents over the past four quarters, surpassing the consensus estimate of 10 cents, resulting in an earnings surprise of 79.3% [2] - Analysts project current fiscal year sales to reach $1.41 billion, reflecting a 7.7% increase [10] - The stock trades at a trailing-year sales multiple of 5.11X, down from 8.53X in the previous period, indicating potential for valuation recovery [16] Group 2: Cognyte Software (CGNT) - Cognyte develops security analytics software utilizing AI to address cybersecurity threats, a critical business model given the rising digital threats [11] - The company reported an average loss per share of 1 cent over the past four quarters but achieved an EPS of 34 cents in the October quarter, leading to an earnings surprise of 851.8% [4] - Analysts expect sales to grow to $369.57 million by the end of fiscal 2026, up from $313.52 million last year [17] Group 3: Duos Technologies (DUOT) - Duos Technologies focuses on intelligent security and analytical technology solutions, primarily targeting the transportation and logistics sectors [18] - The company has faced financial challenges, with an average loss per share of 41 cents over the past four quarters, which was 47% below the expected loss of 30 cents [13] - Analysts predict a reduction in loss per share to 89 cents in 2024, an improvement from last year's loss of $1.56 [19] - Projected sales for Duos are expected to increase significantly, with estimates reaching $14.58 million by year-end, a 95.2% increase from the prior year [5]

Financial Data and Key Metrics Changes - The company reported Q1 revenue of $83 million, representing a 13% year-over-year increase [43] - Gross profit for Q1 was $58.8 million, up 17% year-over-year, with a gross margin of 71.1%, an increase of 270 basis points year-over-year [27][43] - Adjusted EBITDA for Q1 was $5 million, with an increased full-year adjusted EBITDA guidance of approximately $22 million, more than double the previous year's figure [21][57] Business Line Data and Key Metrics Changes - Recurring revenue for Q1 was $45.8 million, accounting for 55% of total revenue, an increase from $42 million in the same quarter last year [24][33] - Software revenue grew by 13.9% year-over-year, contributing significantly to overall revenue growth [52] Market Data and Key Metrics Changes - Total Remaining Performance Obligations (RPO) at the end of Q1 was $566.3 million, with short-term RPO increasing to $312.4 million, indicating strong visibility into future revenue [26] - Approximately 75% of law enforcement agencies (LEAs) indicated plans to expand, upgrade, or replace their existing data analytics solutions, highlighting a significant market opportunity [19][20] Company Strategy and Development Direction - The company aims to deliver sustainable and profitable growth by focusing on advanced technology, including AI, to enhance investigative analytics solutions [15][30] - The strategy includes expanding presence in North America and investing in sales and marketing to capture competitive deals [44][66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the healthy demand environment and the company's ability to grow, citing strong customer engagement and evolving needs [72][74] - The company expects fiscal '25 revenue to be approximately $344 million, reflecting a 10% year-over-year growth at the midpoint [21][28] Other Important Information - The company has a strong balance sheet with $107 million in cash and no debt, indicating financial stability [23] - The company is adapting its non-GAAP tax expense methodology to improve correlation between non-GAAP pre-tax income and non-GAAP income [29] Q&A Session Summary Question: Can you provide more details on the sources of recurring revenue? - Recurring revenue primarily comes from support contracts, which are regularly renewed, with Q1 recurring revenue increasing from $42 million to $45.8 million year-over-year [33] Question: What factors contributed to the sequential decline in RPO? - The decline in RPO was attributed to renewal timing, sales cycle, and seasonality, but both short and total RPO levels remain strong [80] Question: How is the company monetizing AI innovations? - AI serves as an incremental demand generator, enhancing efficiency and uncovering hidden insights for customers, thus increasing the value of the company's solutions [67][85]

In recent years, the usage of solutions like ours and other tools and products for the collection, analysis and fusion of data and communication as well as advanced cyber tools have faced increased attention and in some cases scrutiny, including by some regulators, government officials, media and influential politicians. As a result, there has been, and there will likely be, additional legislation and regulatory initiatives, as well as calls for changes in policies, intended to impose new definitions and po ...

Cognyte Software Ltd. (NASDAQ:CGNT) Q4 2024 Earnings Conference Call April 9, 2024 8:30 AM ET Company Participants Dean Ridlon - Head of IR Elad Sharon - CEO David Abadi - CFO Conference Call Participants Mike Cikos - Needham & Company Shaul Eyal - TD Securities Peter Levine - Evercore Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Cognyte's Fourth Quarter Fiscal Year 2024 Earnings Conference Call. [Operator Instructions] Please note that today's conference may be recorde ...

About Non-GAAP Financial Measures Caution About Forward-Looking Statements Exhibit 99.1 Table 2 COGNYTE SOFTWARE LTD. Condensed Consolidated Balance Sheets Exhibit 99.1 (in thousands, except per share data) 2024 2023 2024 2023 Other income (expense) reconciliation GAAP other income (expenses), net 4,795 6,328 (3,137) 5,737 Change in fair value of equity investment — (1,660) — — Business divestiture (4,789) (5,776) (365) (5,776) Non-GAAP other income (expense), net $ 6 $ (1,108) $ (3,502) $ (39) Tax provisio ...

HERZLIYA, Israel--(BUSINESS WIRE)--Cognyte Software Ltd. (NASDAQ: CGNT) (“Cognyte”), a global leader in investigative analytics software, rang the Nasdaq Stock Market opening bell earlier today to celebrate thirty years of bringing market-leading solutions to the investigative analytics space and its third anniversary as a publicly traded company on Nasdaq. Representing more than 1,500 Cognyte employees from around the world, CEO Elad Sharon rang the opening bell, joined by CFO David Abadi. “For three d ...

HERZLIYA, Israel--(BUSINESS WIRE)--Cognyte Software Ltd. (NASDAQ: CGNT) (“Cognyte”), a global leader in investigative analytics software, today announced the release of a significant update to its LUMINAR external threat intelligence solution to incorporate generative artificial intelligence (GenAI) capabilities, including a new AI-driven dashboard. LUMINAR is already integrated with Cognyte’s investigative analytics software and other leading solutions, and this release brings additional value to current a ...

Cognyte Software Ltd. (NASDAQ:CGNT) Q3 2024 Earnings Conference Call December 13, 2023 8:30 AM ET Dean Ridlon - Head of IR David Abadi - CFO Mike Cikos - Needham Operator I will now hand the conference over to your speaker host, Dean Ridlon, Head of Investor Relations. Please go ahead. Thank you, operator. Hello, everyone. I'm Dean Ridlon, Cognyte's Head of Investor Relations. Thank you for joining us today. I'm here with Elad Sharon, Cognyte's CEO; and David Abadi, Cognyte's CFO. For a more detailed discus ...

About Cognyte Software Ltd. Exhibit 99.1 | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------|-------|--------------|--------------------------|-------|---------------------------|-------------|----------| | (in thousands except share and per share data) | | October 31, | Nine Months Ended \n2022 | | Three Months Ended \n2023 | October 31, | 2022 | | Revenue: | | | | | | | | | Software | $ | 82,101 $ | 74,137 | $ | 30,209 | $ | 22,234 | | So ...

Cognyte Software Ltd. (NASDAQ:CGNT) Q2 2024 Earnings Conference Call September 12, 2023 8:30 AM ET Company Participants Dean Ridlon - Head of Investor Relations Elad Sharon - Chief Executive Officer David Abadi - Chief Financial Officer Conference Call Participants Mike Cikos - Needham Operator Good day and thank you for standing-by. Welcome to the Cognyte Q2 FYE '24 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question ...