Summary of JFrog Conference Call Company Overview - JFrog has over 7,300 customers as of the end of 2024 [3] - The company has penetrated more than 82% of the Fortune 100 across all industries [4] - JFrog employs over 1,600 people and has a Total Addressable Market (TAM) exceeding $40 billion [4] - The company reported $450 million in revenue over the last twelve months, reflecting a 22% year-over-year growth [4] - JFrog generated $119 million in free cash flow and has a net dollar retention rate of 116% [4] Business Model and Financial Metrics - JFrog operates on a subscription-based model, with consistent revenue growth [12][13] - The company has a high gross retention rate of 97%, indicating strong customer loyalty [14] - The revenue growth for Q1 was also 22%, with guidance indicating a 17% growth for the upcoming year [13] Product Offerings - JFrog aims to streamline the DevOps process, integrating DevOps, DevSecOps, and MLOps into a single platform [5][9] - The company manages binaries, which are critical in the software supply chain, and offers advanced security products to protect these binaries [6][7] - JFrogML, a recently launched product, manages large language models and integrates with repositories like Hugging Face [9][10] Market Position and Competitive Landscape - JFrog has a strong position in the market, with significant penetration in various industries and a long runway for growth [12][17] - The company faces competition primarily from Sonatype and Cloudsmith in the Artifactory space, with Sonatype experiencing scalability issues [49][50] - JFrog differentiates itself by focusing on binary management and security, which is increasingly becoming an attack vector in software development [54] Strategic Partnerships - JFrog has established a partnership with GitHub to enhance integration between source code and binaries, improving user experience and security [40][41] - The collaboration aims to consolidate security tools and streamline the management of vulnerabilities [46] Future Outlook - JFrog is confident in its go-to-market strategy, having invested in building a strong enterprise sales team and seeing growth in million-dollar customers [62] - The company anticipates that the migration from self-hosted to cloud solutions will drive additional revenue growth [66] - JFrog expects its net dollar retention rate to remain stable at 116%, with potential for growth as customers increase usage beyond minimum commitments [68] Additional Insights - The shift towards AI and machine-generated code is expected to increase the volume of binaries, benefiting JFrog's business model [71][72] - JFrog's pricing model varies based on deployment type, focusing on data transfer, storage, and the number of contributing developers for advanced security [78]

Financial Data and Key Metrics Changes - GM reported a revenue increase of over 9% year-over-year to $187 billion and record adjusted EBIT of $14.9 billion for 2024 [25][26] - The company has successfully launched several vehicles across its profitable ICE portfolio and growing EV business, strengthening its product portfolio [25] Business Line Data and Key Metrics Changes - GM became the number two seller of EVs in North America in the second half of the year, indicating strong growth in the EV segment [26] - The redesigned ICE SUVs, including Chevrolet Equinox, Traverse, and Tahoe, have been well received, contributing to market share growth [29] Market Data and Key Metrics Changes - GM's shareholder returns outperformed key competitors and the S&P 500 index last year, reflecting strong market performance [26] - The company is focusing on agile execution and innovation to align with consumer demand for ICE vehicles and the evolving regulatory environment [28] Company Strategy and Development Direction - GM is committed to achieving carbon neutrality in global products and operations by 2040, with a focus on reducing supply chain emissions [14][15] - The company is enhancing its manufacturing capabilities and supply chains in response to shifts in global trade policy [27][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in GM's ability to adapt to the new trade policy environment and emphasized the importance of American manufacturing [27] - The company is optimistic about its future, citing strong management and a commitment to teamwork and customer loyalty [32] Other Important Information - The board of directors has been refreshed to ensure diverse viewpoints and skills, with a focus on long-term shareholder interests [24][25] - The shareholder proposal on supply chain GHG emissions reduction strategies was not approved, indicating a lack of consensus on this issue [20][32] Q&A Session Summary Question: Board's succession process and AI expertise - The board's governance committee discusses a five-year succession plan and considers recruiting new directors based on strategic needs, with existing members possessing a range of skills including AI expertise [34] Question: Plans for Apple CarPlay in next-gen EVs - GM is focused on providing a holistic infotainment system that integrates seamlessly with vehicle functionality, rather than relying on external phone-based solutions [35][36] Question: Commitment to community initiatives - GM has increased corporate giving, focusing on road safety and STEAM education, while aligning investments with economic development in Detroit [38] Question: Access to GM Heritage Museum - The project for the museum will not be complete until the end of 2026, after which GM will consider how to allow shareholder access [40][41] Question: Plans for a seven-passenger SUV plug-in hybrid - GM is developing plug-in hybrids in strategic segments but has no specific announcements at this time; the Cadillac Bistric is highlighted as an option for customers [42][43]

Financial Data and Key Metrics Changes - The company reported revenue of $1,877 million for Q1 FY 2026, representing growth of approximately 2% year-over-year due to the ramp-up of new and existing programs [11] - Adjusted EBITDA for the quarter was $157 million, resulting in an adjusted EBITDA margin of 8.4% [11] - Adjusted diluted earnings per share were flat year-over-year at $1.92, impacted by a higher tax rate and lower adjusted EBITDA [12] - Free cash flow was negative $44 million, affected by the timing of receivables on two programs [12] Business Line Data and Key Metrics Changes - The company secured net bookings of $2,400 million with a book-to-bill ratio of 1.3, including key recompete contracts [10] - The backlog of pending awards remained steady at approximately $20,000 million, providing visibility into future bookings [10] - The company expects to achieve a trailing twelve-month book-to-bill ratio of 1.2 in the coming quarters [11] Market Data and Key Metrics Changes - The Department of Defense (DoD) is expected to see stronger budget support, particularly for the Navy, Air Force, and Space Force, while the Army may face challenges [6] - The company noted over $1 billion in additional budget for the Department of Transportation and over $40 billion for the Department of Homeland Security [9] - The company’s revenue from its top five civilian agency customers represents over 70% of total revenue for the civilian segment [9] Company Strategy and Development Direction - The company is pivoting its portfolio towards mission and enterprise IT, aligning with the new administration's priorities [7] - The strategy includes leveraging proven expertise in mission integration and digital engineering to drive program success [8] - The company is focused on executing its growth strategy while navigating procurement delays and changes in the operating environment [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operating environment stabilizing, despite ongoing procurement delays and turnover among customers [5] - The company anticipates continued growth driven by new business ramping up and modest headwinds from contract transitions [14] - Management reiterated guidance for revenue growth of approximately 2.5% at the midpoint for FY 2026 [14] Other Important Information - The company repurchased approximately $125 million of shares in Q1 and continues to target annual repurchases of $350 million to $400 million [17] - The company is also exploring additional capacity for mergers and acquisitions or incremental share repurchases [17] Q&A Session Summary Question: Update on operating environment and budget priorities - Management noted that the operating environment has stabilized, with significant turnover among acquisition personnel affecting procurement processes [20][22] Question: Competitiveness in procurement environment - Management acknowledged increased competitiveness but expressed confidence in their submission pipeline and win rates [24][25] Question: Known headwinds from recompetes - The only significant known recompete headwind is the NASA program loss, which will conclude in Q3 [28][31] Question: Nature of cost overruns in fixed-price programs - Management explained that cost overruns were due to challenges in the tech development phase, but they expect to recover as the program transitions to the sustainment phase [33][34] Question: Overview of end markets and opportunities - Management provided insights into the civilian and defense markets, highlighting growth opportunities in various sectors, including command and control capabilities [41][44] Question: Impact of continuing resolutions on awards - Management indicated that while there are delays in larger awards, the overall solicitation of proposals remains robust [49][50] Question: Margin trajectory and expectations - Management expects civil margins to improve and defense margins to stabilize, with a focus on executing transitions effectively [82][88]

Core Viewpoint - Li Auto's 1Q25 net profit met expectations, driven by effective cost reduction efforts, which are expected to support FY25E earnings resilience despite a lowered sales volume forecast [1][2][3] Financial Performance - 1Q25 revenue was 1% lower than previous projections, primarily due to other sales and services [2] - Gross Profit Margin (GPM) in 1Q25 improved by 0.2 percentage points quarter-over-quarter and was 1.3 percentage points higher than forecasted, attributed to cost reduction efforts [2] - R&D and SG&A expenses were largely in line with prior estimates, contributing to consistent operating and net profit [2] Cost Management - Cost control is crucial for FY25E earnings growth, with 1Q25 cost reduction capabilities exceeding prior expectations [3] - FY25 R&D expense guidance has been lowered to RMB11-12 billion, and FY25E SG&A expenses forecast has been reduced by 8% to RMB12.5 billion [3] Product Outlook - The facelifted Mega has received strong customer interest, which may positively influence upcoming BEVs like the i8 and i6 [4][5] - New orders for the facelifted Mega significantly surpassed expectations, indicating potential for future sales growth [5] Sales Forecast - FY25E sales volume forecast has been cut by 8% to 0.58 million units, primarily due to EREVs, but remains in line with the company's broader guidance [5] - FY26E sales volume is projected to increase by 24% year-over-year to 0.72 million units, supported by more BEVs [5] Earnings and Valuation - FY25E revenue forecast has been reduced by 7%, while net profit estimates have been trimmed by 13% to RMB10.4 billion, reflecting lower operating expense assumptions [6] - FY26E net profit is expected to rise by 41% year-over-year to RMB14.6 billion, with continued cost reduction efforts aiding profitability [6] - The target price remains at US$33.00 (or HK$131), based on a revised FY26E P/E of 17x, down from 20x for FY25E [6]

GitLab (GTLB) shares have lost 14.8% year to date (YTD), underperforming the broader Zacks Computer and Technology sector’s 1.3% decline and the Zacks Internet Software industry’s return of 7%.GTLB shares have underperformed industry peers like ODDITY Tech Ltd. (ODD) , which has returned a whopping 71.2% over the same period.GitLab’s sharp stock price decline can be attributed to growing concerns over its ability to sustain growth amid rising AI competition, softening enterprise demand due to economic condi ...

Tesla sales in Europe and the U.K. have fallen by nearly half, according to data released Tuesday by the European Automobile Manufacturers Association. In April, Tesla sold 7,261 vehicles in the European Union, European Free Trade Association, and U.K., a 49% year-over-year decline.The fall in sales is particularly alarming considering Tesla recently launched a new Model Y vehicle, the kind of release that would typically attract more consumers. A closer look at car sales in the region shows that Tesla comp ...

Group 1: Dividend Risks - Both Ford and UPS are at risk of cutting their dividends due to challenging financial conditions, with UPS planning to pay out about $5.5 billion in dividends in 2025 and Ford potentially using up to 89% of its free cash flow (FCF) on dividends in 2025 [4][6] - UPS aims to pay out approximately 50% of its earnings in dividends, while Ford targets 40% to 50% of its FCF [2][4] - The trading environment has deteriorated, leading both companies to suspend or not update their guidance, with UPS experiencing a 9% decline in average daily volumes in the second quarter [5][6] Group 2: Company Performance - Ford's transition from internal combustion engine (ICE) vehicles to electric vehicles (EVs) is progressing slowly, with significant losses in its EV segment, reporting a loss of $5.1 billion in 2024 [10] - UPS is shifting its revenue mix from low-profitability business-to-consumer deliveries to higher-margin deliveries in small and medium-sized businesses (SMBs) and healthcare, which is expected to improve its financial performance [11][12] - UPS has seen impressive growth in its SMB segment, increasing its share of U.S. volume from 27% in 2021 to 28.9% in 2024, with a goal of reaching 40% [13] Group 3: Strategic Outlook - UPS is investing in productivity-enhancing technologies, which are expected to lead to cost reductions and improved returns on assets [12] - Ford faces significant challenges in the EV market, particularly with competition from Tesla, while UPS is on a better strategic trajectory despite near-term headwinds [14]

Core Insights - Aethlon Medical, Inc. announced the publication of a pre-clinical ex vivo study demonstrating the effectiveness of its Hemopurifier in removing platelet-derived extracellular vesicles (PD-EVs) from plasma, which supports ongoing oncology clinical trials in Australia [1][4][6] Group 1: Study Findings - The study showed a 98.5% removal of PD-EVs from 200 milliliters of healthy human plasma, simulating a 4-hour treatment session with the Hemopurifier [3][4] - The results indicate the potential of the Hemopurifier to address various diseases where PD-EVs are implicated, including cancer and other serious conditions [5][6] Group 2: Clinical Implications - The findings are expected to enhance the ongoing oncology clinical trial in Australia, where the focus will be on PD-EV removal in enrolled subjects [4][5] - The Hemopurifier is recognized as a Breakthrough Device by the FDA, aimed at treating advanced or metastatic cancer and life-threatening viral infections [6] Group 3: Future Directions - The company plans to submit the study findings for peer review and further investigate PD-EV removal in plasma samples from various diseases [5] - There is potential for the Hemopurifier to serve multiple therapeutic indications beyond oncology, suggesting a "pipeline within a device" concept [5]

JFrog (FROG) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Jeffrey Schreiner - VP-IRShlomi Ben Haim - Co-Founder and CEOEd Grabscheid - Chief Financial OfficerPinjalim Bora - Executive Director, Equity ResearchMatthew Calitri - Equity Research AssociateSanjit Singh - Executive DirectorBrad Reback - Managing DirectorW. Miller Jump - Vice President, Equity ResearchEamon Coughlin - Vice President, Software Equity ResearchKoji Ikeda - Director - Enterprise Software Equity Research Conferen ...

以下文章来源于汽车开发圈 ，作者EEVblog 在电动汽车逐渐普及的当下，家用充电桩成为不少车主的必备装备。今天，我们就来深入拆解一款 备受好评的 Zappi 7kW 单相 EVSE 充电器，一探其内部构造与工作原理。 Zappi 7kW 单相 EVSE 充电器是一款 2 级电动汽车充电器，主要用于为家庭电动汽车快速充 电。这里需要先明确一个概念， EVSE 即电动汽车供电设备，并非真正意义上的充电器，真正的 充电器是内置在电动汽车中的，这一点在交流充电场景下尤为关键。 01 EVSE 的一些知识 首先，先搞清楚概念。 EVSE 虽然并非汽车内置充电器，但它有着更复杂的工程设计。 所有用于电动汽车的交流充电器，不管是单相、三相，还是普通的 240 伏 10 安家用插座 （这里 说的可不是美国那种规格） ，它们都是交流充电器，其工作原理就是将电网的交流电直接输送到汽车 中，而真正的充电过程是由汽车内置的充电器完成的。 汽车开发圈 . EEWorld旗下账号，聚焦汽车电子软硬件开发，认真关注技术本身 我是芯片超人花姐，入行20年，有50W+芯片行业粉丝。 有很多不方便公开发公众号的， 关于芯片买卖、关于资 源链接 ...