Core Insights - First Principles Partners specializes in equity research focused on technology, innovation, and sustainability investment, utilizing a unique approach that breaks down complex problems to their basic elements [1] Group 1: Company Overview - The company has a strong background in investment, private equity, and venture capital, demonstrating a proven track record of delivering strong returns [1] - Articles produced by the company emphasize emerging technologies, sustainable investing, and the intersection of innovation and finance [1] Group 2: Investment Philosophy - The "First Principles" approach allows the company to uncover overlooked investment opportunities by simplifying complex financial and technological issues [1] - The company is committed to sharing insights with a wider audience and fostering collaboration among investors to drive positive change [1]

Group 1: Penny Stocks Overview - Trading penny stocks allows investors to buy a significant number of shares with limited capital, potentially generating substantial profits from small price movements [1] - Penny stocks are often associated with small-cap or micro-cap companies, many of which are unprofitable and may lack revenue [1][2] Group 2: Microvast Holdings Inc. - Microvast Holdings Inc. (NASDAQ: MVST) is a leader in battery technologies for electric vehicles and energy storage, holding over 800 patents [4] - The company reported a strong earnings performance, beating revenue expectations and maintaining a full-year revenue growth guidance of 18% to 25% [5] - MVST stock has risen 80% in the last 30 days, partly due to its recent addition to the Russell 3000 index, which may attract institutional interest [6] Group 3: Ribbon Communications Inc. - Ribbon Communications Inc. (NASDAQ: RBBN) is positioned as a key player in AI infrastructure, particularly in telecommunications for large language models [8][9] - The company has maintained its full-year revenue guidance between $870 million and $890 million, exceeding analysts' forecasts [10] - RBBN stock has increased over 20% following its latest earnings report, with a consensus price target of $5.88, indicating a potential upside of 49.8% [11] Group 4: Intellicheck Inc. - Intellicheck Inc. (NYSE: IDN) focuses on identity verification and fraud detection within the cybersecurity sector, a rapidly growing niche [12][13] - The company reported 100% renewal rates and high gross margins, with annual contract values exceeding $10 million [14] - Analysts have set a consensus price target of $5.83 for IDN stock, suggesting potential for speculative investment [15]

Group 1 - Microvast Holdings, Inc. (MVST) has shown strong performance in the Business Services sector, with a year-to-date return of approximately 72.5%, significantly outperforming the sector average of 3.8% [4] - The Zacks Rank for Microvast Holdings is currently 1 (Strong Buy), indicating a positive earnings outlook and strong analyst sentiment [3][4] - Over the past three months, the Zacks Consensus Estimate for MVST's full-year earnings has increased by 176%, reflecting improving analyst expectations [4] Group 2 - Microvast Holdings, Inc. is part of the Technology Services industry, which includes 130 individual stocks and currently ranks 49 in the Zacks Industry Rank [6] - The average return for the Technology Services industry so far this year is 5.3%, indicating that MVST is outperforming its industry peers as well [6] - Another stock in the Business Services sector, Nomura Research Institute (NRILY), has also performed well, with a year-to-date increase of 37.2% and a Zacks Rank of 1 [5][6]

Industry Overview - The Zacks Technology Services Industry is performing strongly, ranking in the top 22% of over 240 Zacks industries, with 11 stocks currently rated as Zacks Rank 1 (Strong Buy) [1] CoreCard (CCRD) - CoreCard's stock price is $26, having reached a 52-week high of $28, driven by consistent revenue growth and increased profitability [2] - The company exceeded Q1 EPS expectations by 75%, reporting earnings of $0.28 per share against estimates of $0.16, a significant increase from $0.07 in Q1 of the previous year [2][3] - Institutional investors own 41% of CoreCard's shares, and the company has surpassed the Zacks EPS Consensus for six consecutive quarters, with an average earnings surprise of 119.22% over the last four quarters [3] Dave Inc. (DAVE) - Dave Inc.'s stock price is $217, reflecting a nearly 150% increase year-to-date and a staggering 3,900% gain over the last two years [5][6] - The company has seen record growth since going public in 2022, with projections indicating high-double-digit growth in both revenue and earnings for fiscal years 2025 and 2026 [6] - Dave crushed Q1 EPS expectations by 61%, reporting earnings of $2.48 per share compared to estimates of $1.54, with FY25 and FY26 EPS estimates increasing by over 26% and 31% respectively in the last 60 days [7] Microvast (MVST) - Microvast's stock price is $3, having increased over 90% in 2025 and reaching a one-year high of $4.32 [8] - The company reported a surprise profit of $0.06 per share in Q1, compared to an expected loss of -$0.02, and achieved record Q1 revenue of $116.49 million, exceeding estimates of $103.75 million and up 43% from $81.35 million in the prior period [9] - Microvast is expected to achieve profitability this year, with rapid sales growth indicating strong future earnings potential [9] Conclusion - The positive trend in earnings estimate revisions suggests further upside potential for highly ranked technology services stocks, with CoreCard, Dave Inc., and Microvast identified as viable buy-the-dip candidates due to their significant expansion [13]

Core Viewpoint - Microvast Holdings, Inc. (MVST) is experiencing a positive shift in earnings estimates, which is likely to drive its stock price higher, supported by strong short-term price momentum and improving earnings outlook [1][2]. Earnings Estimates - Analysts have shown growing optimism regarding Microvast's earnings prospects, leading to higher estimates that are expected to reflect in the stock price [2]. - The consensus earnings estimate for the current quarter is $0.01 per share, representing a year-over-year increase of +104.76%, with a 100% increase in estimates over the last 30 days [6]. - For the full year, the expected earnings are $0.13 per share, indicating a year-over-year change of +148.15%, with a notable increase of 163.33% in consensus estimates during the same period [7][8]. Zacks Rank - Microvast currently holds a Zacks Rank 1 (Strong Buy), indicating strong potential for outperformance based on favorable estimate revisions [9]. - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks averaging an annual return of +25% since 2008 [3]. Stock Performance - Over the past four weeks, Microvast shares have increased by 72.2%, reflecting investor confidence in its earnings growth prospects [10].

Company Performance - Amadeus IT Group SA Unsponsored ADR (AMADY) has shown a year-to-date performance increase of approximately 14.1%, outperforming the average return of 4% for Business Services companies [4] - The Zacks Consensus Estimate for AMADY's full-year earnings has increased by 9.7% over the past three months, indicating improving analyst sentiment [4] - Amadeus IT Group currently holds a Zacks Rank of 1 (Strong Buy), suggesting a strong earnings outlook [3] Industry Context - Amadeus IT Group belongs to the Technology Services industry, which consists of 129 individual stocks and currently ranks 49 in the Zacks Industry Rank [6] - The average gain for stocks in the Technology Services industry this year is 5.3%, indicating that AMADY is performing better than its peers in this sector [6] - Another notable stock in the Business Services sector is Microvast Holdings, Inc. (MVST), which has increased by 59.4% year-to-date and also holds a Zacks Rank of 1 (Strong Buy) [5]

Core Insights - Microvast Holdings, Inc. will showcase its advanced battery technologies at the 17th China International Battery Fair (CIBF 2025) from May 15th to 17th, 2025, emphasizing its leadership in the battery industry [1][6] Product Highlights - The company will present solutions for Battery Energy Storage Systems (BESS), commercial vehicles, construction machinery, and specialized vehicles, featuring fast-charging series that achieve 80% charge in 15-20 minutes [2][4] - New high-energy density and long-endurance batteries will be unveiled, including the HnSO 70Ah battery with 300 Wh/kg and up to 4,000 cycles, and the HnCO 120Ah battery with 265 Wh/kg and up to 5,000 cycles [3] - The fourth-generation MV-B and MV-C battery packs will be highlighted, offering approximately 20% more energy and power while adhering to thermal runaway safety standards [4] - The 565Ah LFP cells capable of over 10,000 cycles and the innovative ME6 BESS design, a 6MWh container system, will also be showcased [5] Company Overview - Microvast has over 18 years of experience in providing battery technologies for electric vehicles and energy storage solutions, holding more than 810 patents and patent applications [7]

Group 1 - Microvast Holdings, Inc. reported quarterly earnings of $0.06 per share, exceeding the Zacks Consensus Estimate of a loss of $0.02 per share, representing an earnings surprise of 400% [1] - The company posted revenues of $116.49 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 12.28%, compared to year-ago revenues of $81.35 million [2] - Microvast shares have increased approximately 6.3% since the beginning of the year, while the S&P 500 has declined by 3.8% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $109.77 million, and for the current fiscal year, it is -$0.01 on revenues of $457 million [7] - The Zacks Industry Rank indicates that the Technology Services sector is currently in the top 27% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this category [8] Group 3 - The estimate revisions trend for Microvast is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Q1 2025 Disclaimer Forward-Looking Statements This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about our future results of operations and financial position, our operational performance, our anticipated growth and business strategy, our future capital expenditures and debt service obligations, the projected costs, prospects and plans and objectives of management for ...

Financial Data and Key Metrics Changes - The company reported record first quarter revenue of $116.5 million, representing a 43% year-over-year growth from $81.4 million in Q1 2024 [21] - Gross profit for Q1 2025 was $43 million, up from $17.2 million in Q1 2024, marking a 150% improvement [21] - The gross margin improved to 36.9%, an increase of 15.7 percentage points from 21.2% in Q1 2024 [21] - The company achieved a net profit of $61.8 million in Q1 2025, compared to a net loss of $24.8 million in Q1 2024 [22] - Adjusted net profit was $19.3 million, a significant improvement from an adjusted net loss of $13 million in Q1 2024 [22] - Adjusted EBITDA reached $28.5 million, compared to a negative adjusted EBITDA of $3.7 million in Q1 2024 [23] Business Line Data and Key Metrics Changes - The EMEA region saw a remarkable growth of 108% year-over-year, accounting for 52% of quarterly revenue, up from 36% a year ago [23] - The US market share increased from 2% to 5% of revenue compared to Q1 2024, indicating progress with domestic commercial vehicle customers [23] - The APAC region experienced a slight decrease of less than 1% year-over-year as the company targets higher margin opportunities [23] Company Strategy and Development Direction - The company is focused on continuous innovation and expanding revenue streams through a diverse portfolio of products [11] - A key element of the strategy is to capture greater market share, supported by ongoing investments in commercialization of current and future products [11] - The company is on track with its Phase 3.2 expansion project, which will add up to 2 gigawatt hours of annual production capacity [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged headwinds from global supply chain uncertainties and trade disruptions affecting rollout timelines for certain vehicle platforms [14] - The company anticipates a year-over-year revenue increase of 18% to 25% for 2025, targeting a revenue range between $450 million and $475 million [27] - The focus remains on achieving positive cash flow, sustaining strong gross margins, and expanding market reach through innovation and strategic collaborations [29] Other Important Information - The company has made significant advancements in next-generation battery technologies, including proprietary 3D printing capabilities for all solid-state batteries [17] - Early results from bipolar stack cell architecture show promise for enhanced performance, with a current efficiency of 99.89% [18] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.