MaxLinear (MXL) Q1 2025 Earnings Call April 23, 2025 04:30 PM ET Company Participants Leslie Green - Investor RelationsKishore Seendripu - Co-Founder, Chairman, CEO & PresidentSteve Litchfield - CFO and Chief Corporate Strategy OfficerJeremy Kwan - Associate Vice President - Equity Research Conference Call Participants Christopher Rolland - Senior Equity AnalystDavid Williams - Equity Research AnalystQuinn Bolton - Senior AnalystAnanda Baruah - Research AnalystRichard Shannon - Senior Research Analyst Opera ...

Core Insights - The partnership between Valens Semiconductor and ESWIN Computing aims to leverage their combined expertise to meet the increasing demand for MIPI A-PHY products in China [1][3] - MIPI A-PHY is the first automotive industry standard for high-speed sensor and display connectivity, with rapid adoption in China, where seven silicon vendors have completed interoperability testing [2][3] - Valens Semiconductor is a leader in MIPI A-PHY, offering the first compliant chipsets, the VA7000 Series, and has secured design wins with OEMs [2][4] Company Overview - Valens Semiconductor specializes in high-performance connectivity solutions, enabling advancements in audio-video installations, videoconferencing, and autonomous driving technologies [4] - ESWIN Computing focuses on AI-driven intelligence solutions, utilizing next-generation RISC-V architecture and domain-specific algorithms to provide competitive system-level solutions [5]

Core Insights - WMS, in collaboration with AT&T, is enhancing cruise connectivity services, introducing the AT&T International Day Pass™ for seamless cellular connectivity at sea [1][2][4] - The cruise industry is projected to grow significantly, with nearly 40 million passengers expected by 2027, prompting WMS and AT&T to improve connectivity experiences for travelers [5] Group 1: Service Details - The AT&T International Day Pass™ costs $20 per day, providing 500MB of high-speed data daily in international waters, along with unlimited talk and text [3][6] - The pass activates automatically, ensuring travelers remain connected both at sea and on land without incurring additional charges when visiting ports of call [3][4] Group 2: Company Background - WMS is recognized as a leading global provider of cruise wireless connectivity, having pioneered the first wireless network on a cruise ship 20 years ago [7] - AT&T serves over 100 million U.S. customers and nearly 2.5 million businesses, continuously innovating in telecommunications [8]

Core Viewpoint - Valens Semiconductor is set to release its first quarter 2025 financial results on May 7, 2025, and will host a conference call to discuss these results and the business outlook [1][2]. Company Overview - Valens Semiconductor (NYSE: VLN) is a leader in high-performance connectivity, providing technology that enhances digital experiences globally [3]. - The company's chipsets are utilized in various devices, supporting advanced audio-video installations, next-generation videoconferencing, and the development of ADAS and autonomous driving technologies [3]. - Valens is recognized for setting industry standards, including HDBaseT® and MIPI A-PHY, showcasing its commitment to pushing connectivity boundaries [3]. Conference Call Details - The conference call will take place on May 7, 2025, at 8:30 a.m. Eastern Time, with access numbers provided for U.S., UK, Israel, and other regions [2]. - A live webcast of the conference call will be available on Valens Semiconductor's investor relations website, with a replay accessible shortly after the call concludes [2].

Core Insights - Viasat has launched its next-generation in-flight connectivity solution, Viasat Amara, which integrates advanced satellite network design, hardware innovations, and digital products to enhance passenger experience and airline differentiation [1][2][7] - The solution is designed to provide scalable, high-capacity connectivity across multiple satellite orbits, including GEO, HEO, and LEO, ensuring a robust service for airlines [6][7] - Viasat Amara is built on existing technology, allowing for a simple software upgrade on over 3,000 aircraft, facilitating approximately 10,000 flights daily without the need for additional hardware [3][4] Product Features - The proprietary electronically steered antenna (ESA) terminal, Viasat Aera, will enable simultaneous dual-beam connections across various satellite orbits, enhancing the in-flight connectivity experience [4][5] - Viasat Amara's roadmap includes innovations that leverage a high-capacity ecosystem of satellites, including the recently announced LEO Ka-band capacity from Telesat Lightspeed [6] - The upgrade to the Viasat Aera terminal is expected to be completed in less than a day, utilizing existing infrastructure with no changes to the in-cabin network [5] Market Positioning - Viasat aims to help airlines maximize the potential of connectivity for brand loyalty and growth, offering flexible business models and a suite of digital products to enhance customer satisfaction [2][8] - The company emphasizes that no two airlines are the same, tailoring its offerings to meet the unique needs of each airline and user [8] - Viasat's ongoing innovations are positioned to maintain its leadership in the in-flight connectivity market, ensuring high-quality service and competitive advantages for airline customers [7][8]

Automated connectivity enhances data analysis and collaboration for electrical contractors WESTMINSTER, Colo., April 2, 2025 /PRNewswire/ -- Trimble® (Nasdaq: TRMB) today announced the availability of new application programming interfaces (APIs) for Trimble Accubid® Anywhere, a cloud-hosted estimating software for electrical projects. These connection capabilities help electrical contractors better collect, analyze and share data to improve estimating insight and collaboration across the construction lifec ...

Financial Data and Key Metrics Changes - In 2024, the company reported revenues of $60.9 million, a decrease of 56% compared to $137.1 million in 2023, primarily due to the shutdown of the Affordable Connectivity Program (ACP) federal funding [19][20] - Gross loss was $14.3 million in 2024, compared to a gross profit of $35.6 million in 2023, significantly impacted by the end of ACP funding [21][24] - The net loss for 2024 was $45.7 million, translating to a loss per share of $2.39, adversely affected by the cessation of ACP [24] Business Line Data and Key Metrics Changes - The platform service revenue grew to $17.4 million in 2024 from $11.3 million in 2023, driven by a new sales director [20] - The top-up platform experienced over 300% revenue growth from Q1 to Q4 in 2024, indicating strong activation readiness [14] Market Data and Key Metrics Changes - The company has built a retail distribution network of nearly 9,000 convenience community stores nationwide, enhancing its market presence [8] - The company expects to ship 250,000 to 300,000 SIMs per month moving forward, reflecting strong demand [17][38] Company Strategy and Development Direction - The company aims to transition subscribers to either the non-subsidized MVNO business model (LinkUp Mobile) or into another subsidized program (Lifeline) [21][24] - A multiyear agreement with AT&T was announced, providing customers with access to the largest wireless network, which is expected to drive growth [16] - The company is focusing on a diversified revenue model, emphasizing the importance of not relying on a single revenue stream [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving over $200 million in revenue over the next twelve months, with expectations of exiting 2025 cash flow positive [18] - The management noted that economic conditions could lead consumers to seek value, which may benefit the company's offerings [70][72] Other Important Information - SG&A expenses increased by 57% year-over-year, primarily due to additional non-cash stock compensation for management [22] - The company is prioritizing cash allocation to finance the transition of subscribers and establish the Linco Mobile brand [26] Q&A Session Summary Question: Inquiry about SIM card orders and delivery - Management confirmed that SIM card activation was historically dependent on physical SIM cards, but now eSIM capabilities have been added to bypass physical cards [32] Question: Clarification on projected revenue of $200 million - The projected revenue of over $200 million is for the next twelve months starting from April 1, 2025 [39][43] Question: Economics and margin profile of SIM cards - The blended average margin for LinkUp Mobile is expected to be between $8 to $15 per subscriber, with various margins for different plans [50] Question: Composition of revenue target for the next twelve months - Over 50% of the projected revenue will come from the wireless segment, primarily from LinkUp Mobile and Lifeline [55] Question: Economic outlook for the working class - Management noted that economic tightness often leads consumers to seek value, which could positively impact the company's business [70][72] Question: Strategy for converting ACP customers - Approximately one-third of the 280,000 ACP customers have been converted to Lifeline, with efforts ongoing to transition the remaining customers [80][86]

Financial Data and Key Metrics Changes - Gogo's total revenue for Q4 2024 was $137.8 million, representing a 41% year-over-year increase and a 37% sequential increase [40] - Total service revenue reached $119 million, up 47% year-over-year and 45% sequentially, primarily due to the addition of Satcom Direct [41] - Gogo reported a net loss of $28.2 million compared to a net income of $14.2 million in Q4 2023, largely due to $46.8 million in acquisition-related expenses [49] Business Line Data and Key Metrics Changes - The number of advanced aircraft online grew to 4,608, a 16% year-over-year increase, comprising 65% of the total ATG fleet [41] - Gogo achieved record ARPU of $3,500, reflecting a 3% year-over-year increase [42] - Equipment revenue for Q4 was $19 million, up 12% year-over-year, largely due to December results from Satcom Direct [43] Market Data and Key Metrics Changes - Global flight departures increased by 33% in February 2025 compared to February 2019, indicating a post-COVID surge in flight demand [9] - Demand for connectivity in business aviation is surging, with only 36% of the world's business jets having broadband in-flight connectivity [9] Company Strategy and Development Direction - Gogo aims to enhance its connectivity services through a multi-year investment program, focusing on new satellite technologies and a 5G ATG network [11] - The company plans to grow its addressable market by 60% and extend recurring revenue customer lifetimes through its Avance platform [11] - Gogo's strategy includes solidifying its position as a trusted provider in aviation connectivity by offering multi-band and multi-orbit capabilities [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the competitive landscape, highlighting Gogo's unique position as the only competitor to Starlink with a LEO solution designed for the business aviation market [15] - The company expects 2026 to be a significant inflection point for free cash flow, driven by higher-margin service revenue from new products [14] - Management acknowledged that while the delay in HDX PMA will impact financials in 2025, strong revenue growth is anticipated in subsequent years [35] Other Important Information - Gogo received $334 million in grants from the FCC to support the upgrade of its network, which is expected to enhance free cash flow projections for 2026 [31] - The company achieved $18 million in run-rate synergies at the close of the Satcom Direct acquisition and expects to exceed the targeted range of $25 million to $30 million in synergies within two years [50] Q&A Session Summary Question: How does Gogo view the competitive landscape? - Management believes Gogo is in a strong position due to its multi-orbit capability, which is essential for business aviation customers flying globally [63][65] Question: What are the implications of the brewing pushback against Starlink? - Management sees an opportunity for Gogo as sovereign nations seek regulatory compliant communication networks, which Gogo can provide [66] Question: When can investors expect long-term financial targets? - Management is considering whether to provide updates during the Q1 call or at an Investor Day, with a timeline of four to six weeks for more information [72] Question: What is Gogo's perspective on direct-to-device satellite connectivity? - Management emphasizes that Gogo focuses on true broadband capabilities for aircraft, which is more advanced than simple voice connectivity [74][78]

Company Overview - Valens Semiconductor (NYSE: VLN) is a leader in high-performance connectivity, enabling transformative digital experiences globally [5] - The company's chipsets are integrated into numerous devices, powering advanced audio-video installations, next-generation videoconferencing, and supporting the evolution of ADAS and autonomous driving [5] Product Innovations - Valens will showcase its innovative connectivity technology for AI applications at Embedded World 2025, collaborating with various companies in the machine vision market [1][4] - Two key connectivity standards, MIPI A-PHY and HDBaseT USB3, will be highlighted, providing significant design flexibility and cost-efficiency for robotics developers [2] Demonstrations and Applications - Demonstrations at Valens' booth will include advanced connectivity infrastructure for NVIDIA AI platforms, showcasing the ability to withstand 20 times more noise compared to legacy solutions [3] - The company will also address USB challenges for embedded systems, focusing on the extension and test automation for the USB 3 protocol [3][4] Market Impact - Valens' entry into the machine vision market is expected to disrupt the industry with its standard-compliant chipsets, allowing customers to explore new applications [4]

Credo Technology Group Holding Ltd (NASDAQ:CRDO) Q3 2025 Earnings Conference Call March 4, 2025 5:00 PM ET Company Participants Dan O'Neil - VP, Corporate Development and IR Bill Brennan - CEO Dan Fleming - CFO Conference Call Participants Vivek Arya - Bank of America Securities Tom O'Malley - Barclays Karl Ackerman - BNP Paribas Quinn Bolton - Needham & Company Tore Svanberg - Stifel Vijay Rakesh - Mizuho Sean O'Loughlin - TD Cowen Christopher Rolland - Susquehanna Richard Shannon - Craig-Hallum Suji Desil ...