Patria Investments (PAX) Update / Briefing June 11, 2025 10:30 AM ET Speaker0 I'm Robert Lee, Head of Shareholder Relations at Patria, and welcome to our PACS Talks, an investor driven deep dive into value creation in our infrastructure business. We're very happy to have with us today leading the q and a, Matt Cook. Matt is an investor at Potento Partners, which was founded in 2021 with a global long short strategy focused on small and mid cap businesses. Before Potento, Matt was a private equity and public ...

Core Insights - Instil Bio, Inc. has appointed John Maraganore, Ph.D., to the Board of Directors of its subsidiary Axion Bio, Inc., which is focused on developing AXN-2510, a PD-L1xVEGF bispecific antibody targeting solid tumors, particularly non-small cell lung cancer (NSCLC) [1][2] - The appointment is aimed at enhancing leadership to maximize the value of the AXN-2510 program for both patients and shareholders, with expectations of redefining the standard of care for solid tumors [2] - AXN-2510 is currently in a Phase 2 trial in combination with chemotherapy for first-line NSCLC, with early signs of safety and efficacy being reported [2] Company Overview - Instil Bio is a clinical-stage biopharmaceutical company dedicated to developing novel therapies, with AXN-2510 as its lead asset [3] - Axion Bio, a wholly-owned subsidiary of Instil Bio, is specifically focused on the development of AXN-2510 for multiple solid tumors [4] Leadership Background - Dr. John Maraganore brings over 30 years of biotechnology experience, having previously served as the founding CEO of Alnylam Pharmaceuticals, where he led the company to a market capitalization exceeding $40 billion [2] - His expertise spans drug discovery, clinical development, and strategic partnerships, making him a valuable asset for guiding the advancement of next-generation cancer therapies [2]

Whereas one Wall Street analyst foresees the most pivotal of all tech stocks soaring to $220 per share, another believes it'll plummet to just $100 per share. Yet what's most interesting is that Wall Street's high- and low- water price targets both completely overlook what can arguably be described as the biggest catalyst for Nvidia. Is Nvidia a $5 trillion dollar business? Make no mistake about it, the overwhelming majority of Wall Street analysts and investors believe Nvidia stock is headed higher. But no ...

Core Insights - Qualcomm is increasing its focus on the smart glasses market by developing low-power components capable of running AI software [1] - The company showcased a new pair of smart glasses powered by the Snapdragon AR1+ Gen 1 processor, designed to operate independently without needing a smartphone or internet connection [1] - Qualcomm aims to position smart glasses as standalone devices, moving away from their current perception as smartphone accessories [1] Group 1 - Qualcomm's new smart glasses can run a fully functional AI assistant based on the Llama 1B model without relying on external devices [1] - The company has developed smaller and more energy-efficient components to overcome previous limitations related to high power consumption and battery life [1] - Qualcomm's chips are already powering devices from Meta Platforms, including Ray-Ban smart glasses and Quest headsets, as part of its strategy to mainstream smart glasses [1][2] Group 2 - Qualcomm plans to supply components for a range of head-mounted devices, including VR glasses and smart glasses that resemble regular eyewear [2] - The company collaborates with various manufacturers, including Lenovo, Sony, Microsoft, and HTC, to integrate its chips into their products [2] - Apple is also exploring the smart glasses market, having launched the Vision Pro headset, which has not yet achieved commercial success [2][3] Group 3 - Qualcomm seeks to support the development of the smart glasses category before Apple potentially disrupts the market [3]

Financial Data and Key Metrics Changes - The company reported its 30th consecutive quarter of profitability at adjusted EBITDA, indicating strong financial health and consistent performance [18] - The company has significant free cash flow generation, which supports share repurchases and overall financial stability [18][92] Business Line Data and Key Metrics Changes - The company has diversified its revenue streams, now delivering a unified AI-powered end-to-end platform that serves various customer segments, including streamers, publishers, media buyers, commerce media networks, and data partners [7][8] - Supply Path Optimization (SPO) has become a significant part of the business, accounting for over half of the revenue, up approximately 20 percentage points from two years ago [30][34] Market Data and Key Metrics Changes - The company has over 80% penetration among the top 30 streaming companies globally, including major players like Roku and Amazon Fire TV [8][76] - The mix of business includes over 20% from Connected TV (CTV) and about 20% from mobile apps, with omnichannel video making up around 40% of the business [47][49] Company Strategy and Development Direction - The company focuses on being well-positioned in the fastest-growing ad formats, including CTV, commerce media, and data curation [49][50] - The company aims to consolidate its market share by leveraging its independent and objective platform, especially in light of ongoing antitrust issues facing larger competitors like Google [15][62] Management's Comments on Operating Environment and Future Outlook - Management noted that the ad market has shown resilience despite macroeconomic uncertainties, with strong performance observed in early 2023 [83][84] - The company is planning for various economic scenarios while focusing on AI as a significant growth driver and efficiency enhancer [86][88] Other Important Information - The company has increased its share repurchase authorization by an additional $100 million, reflecting confidence in its financial position and future growth prospects [92] - The company estimates that every percentage point of market share gained from Google could translate to $50 to $75 million in revenue, with a high flow-through to the bottom line due to existing publisher overlaps [62][63] Q&A Session Summary Question: What is the company's outlook on the ad market amidst macroeconomic uncertainties? - Management indicated that the ad market has been more stable than expected, with strong performance trends continuing into the second quarter [83][84] Question: How does the company differentiate itself from competitors in the SSP space? - The company highlighted its independent platform and extensive publisher relationships, which allow it to offer unique value propositions that competitors may not provide [15][76] Question: What is the significance of Supply Path Optimization (SPO) for the company's growth? - SPO has become a key growth driver, accounting for over half of the business, and is expected to continue growing as advertisers seek efficiency and effectiveness [30][34] Question: How does the company view the impact of Google's antitrust issues on its market position? - Management believes that the antitrust case presents a significant opportunity for the company to gain market share, estimating potential revenue increases from share shifts [62][66]

Summary of Intuit's Conference Call Company Overview - **Company**: Intuit - **Key Product**: QuickBooks, which constitutes approximately 60% of the company's revenue [1][4] Core Industry Insights - **Industry**: Financial Software and Services - **Focus Areas**: Small to mid-market businesses, with a strategy to expand into larger enterprises [7][12] Key Points and Arguments Technology and Innovation - Intuit has transitioned to an AI-driven expert platform, enhancing its capabilities through cloud migration, automation, and DevOps practices [4][5] - The introduction of GenOS (Generative Operating System) allows developers to create and deploy generative AI experiences rapidly [4][5] Growth Strategy - The company aims to continue subscriber growth while focusing on increasing Average Revenue Per Customer (ARPC) [6][7] - Intuit is targeting mid-market customers, defined as businesses with annual revenues of $2.5 million or more, and plans to offer tailored solutions for different revenue segments [12][13] Product Development - QuickBooks Advanced and Intuit Enterprise Suite (IES) are key products aimed at mid-market and larger customers, respectively [12][13][15] - The company is focusing on enhancing features based on customer feedback, such as multi-entity support and project management tools [20][21] Market Penetration - Intuit has 7 million subscribers globally and sees opportunities for growth in the U.S. and international markets, particularly in the UK, Australia, and Canada [33][35] - The company is also leveraging Mailchimp to expand its services internationally, with 50% of Mailchimp subscribers located outside the U.S. [36] M&A Strategy - Intuit's recent acquisition of GoCo aims to enhance its human capital management offerings, particularly for mid-market customers [40][41] - The company is focusing on tuck-in acquisitions to fill gaps in its service offerings [41] Financial Services Growth - The money platform, which includes payments and bill pay, has seen a 40% year-to-date growth [46] - Bill pay has been enhanced to cater to high-volume billers, particularly in the mid-market segment [50] Mailchimp Performance - Intuit acknowledges challenges with Mailchimp's growth and is working to simplify the product for smaller businesses while enhancing features for mid-market clients [52][54] - New features such as SMS marketing and improved integration with QuickBooks are being developed [55][56] AI Integration - Intuit is implementing AI across its services, including the introduction of agents to automate various tasks [57][63] - The company plans to monetize AI features separately in the future, enhancing customer discovery and service usage [65] Internal AI Utilization - AI is being used internally to improve product development and customer service, with a focus on increasing efficiency across all departments [66][67] Additional Important Insights - Intuit is committed to understanding customer needs and adapting its offerings accordingly, emphasizing a customer-centric approach in product development and marketing strategies [24][25][53] - The company is focused on creating a seamless experience for customers by integrating various services and ensuring that they are tailored to specific industries [26][28]

Invesco (IVZ) 2025 Conference June 10, 2025 11:25 AM ET Speaker0 Alright, we're gonna go ahead and get started here. For important disclosures, please see the Moran Stanley research disclosure website at moranstanley.com/researchdisclosures. Note that taking of photographs and the use of recording devices is not allowed. If you have any questions, please reach out to your Morgan Stanley sales representative. Good morning. Thanks for staying with us here at day one of Morgan Stanley Financials Conference. I' ...

Meta’s Mark Zuckerberg is reportedly taking a hands-on approach to expanding the company’s AGI team.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.This effort is born out of Zuckerberg’s frustration with the tech ...

点击蓝字，关注我们 在2025年全球开发者大会(WWDC)首日，苹果(AAPL.US)推出一系列与人工智能(AI)相关的功能更 新，并 发布了全新设计语言"Liquid Glass"，为其最新iOS 26操作系统带来最大幅度的界面革新 。但 由于市场对AI领域进展期待已久，而最受关注的Siri升级依然未见踪影， 投资者反应冷淡，苹果股价 在发布会期间一度下跌1.5%至200美元。 苹果软件工程高级副总裁Craig Federighi在会上表示， 公司正在"持续改进，使Siri变得更个性化"，但 同时也承认，"这项工作需要更多时间才能达到我们对质量的高标准"， 并承诺将在明年公布更多信 息。此前，Siri作为苹果AI战略的核心之一，已被广泛批评为功能滞后，难以与当今市场上的智能助 手竞争。 在视觉设计方面，苹果推出的"Liquid Glass"界面风格是iOS 26的一大亮点。用户界面副总裁Alan Dye 称其为"有史以来最大幅度的设计更新"。 除了界面革新，苹果还公布了多个AI驱动的新功能，包括 iMessage实时翻译、FaceTime自动字幕，以及电话实时对话翻译。 这些功能均在设备本地运行，避免 将私 ...

智通财经APP获悉，当地时间周一，苹果(AAPL.US)举行了备受瞩目的全球开发者大会(WWDC)，这家 科技巨头通过约90分钟的发布会，全面展示了其各软件平台的重大更新。 继去年宣布的部分人工智能(AI)功能被无限期推迟后，消费者和投资者对本次大会寄予厚望。虽然苹果 今年在AI领域的表现仍显保守，升级功能有限，但推出了一系列非AI的重要更新。 最引人注目的是名为"液态玻璃"的全新视觉设计。正如其名，这种设计采用更轻薄透明的元素，预示着 未来更多设备将采用玻璃材质。据报道，这一设计语言是为2027年苹果iPhone问世20周年特别准备。 作为品牌重塑的一部分，苹果确认将采用年份而非版本号来标识其软件。例如本次发布的升级系统包 括：iOS 26、iPadOS 26、tvOS 26、macOS 26、watchOS 26和visionOS 26。 以下是今年即将推出的重点新功能盘点： 电话应用升级：整合最近通话、常用联系人和语音信箱，新增真人接听实时提醒功能 信息功能增强：群聊支持投票、背景图片及Apple Cash支付功能 智能过滤：电话和信息应用均升级垃圾信息过滤系统 相机优化：简化操作界面，提升拍摄效率 锁 ...