Financial Data and Key Metrics Changes - Q3 revenue reached $42 million, representing a 68% year-over-year increase [25][30] - Year-to-date revenue for 2025 is $114 million, up 127% compared to the previous year [4] - GAAP gross margin was 43%, while non-GAAP gross margin was 59% [31][32] - GAAP net loss was $109.3 million, with a non-GAAP net loss of $13 million [34] Business Line Data and Key Metrics Changes - All three business pillars grew in double digits, with significant contributions from IoT, enterprise, and restaurant sectors [30][31] - The automotive sector faced pressure due to global tariffs and industry softness, but there are signs of improvement [31] - The company has diversified its industry mix, with no single customer contributing more than 10% of revenue [31] Market Data and Key Metrics Changes - Strong adoption in the IoT and robotics market, including a significant deal with a large Chinese company for AI-enabled smart devices [11] - Continued penetration in the automotive market, with new partnerships and deployments [12][14] - Expansion in financial services, energy, retail, and healthcare sectors, with multiple new contracts signed [12][15][16] Company Strategy and Development Direction - The company is focusing on enterprise AI and agentic AI solutions, leveraging its long history of innovation [18][19] - The acquisition of Interactions aims to enhance workflow orchestration capabilities and expand market reach [10][18] - The company is preparing for the launch of Voice Commerce in 2026, integrating voice AI with various services [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of enterprise AI and the company's ability to capitalize on market opportunities [24][36] - The company expects to achieve revenue between $165 million and $180 million for the full year 2025 [36] - Anticipated acquisition cost synergies of approximately $20 million on an annual run-rate basis will be realized more fully in 2026 [37] Other Important Information - The company celebrated its 20th anniversary, highlighting its long-term focus and strategic execution [4] - The company is actively investing in innovation and expanding its product capabilities to maintain technological leadership [32][36] Q&A Session Summary Question: About the eight-figure Chinese robotics deal - The deal involves a robotics company, not a humanoid robot, with a commitment of double-digit millions over the next two to three years [38][39] Question: Impact of the Interactions acquisition - The acquisition is expected to enhance capabilities in automotive, technology services, retail, financial services, and healthcare [40][41] Question: Percentage of revenue from term license versus SaaS within Amelia - The majority of revenue is recurring, with a shift towards outcome-based contracts [42][44] Question: Number of customers committed to upgrading to Amelia 7 - The company expects about 75% of customers to migrate to Amelia 7 by mid-next year [45] Question: Update on the competitive environment - The company feels confident in its competitive position, leveraging its own technology against competitors who rely on third-party models [56][57]

Investor Presentation November 2025 Copyright © 2025 Veritone, Inc. All rights reserved. Copyright © 2025 Veritone, Inc. All rights reserved. Trademarks are the property of their respective owners. Forward-Looking Statements & Disclaimers Copyright © 2025 Veritone, Inc. All rights reserved. This presentation of Veritone, Inc. (the "Company") contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. Without ...

Benchmark Electronics Third Quarter 2025 Financial Results November 4th, 2025 Forward-Looking 2025 Statements This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified as any statement that does not relate strictly to historical or current facts and may include words such as "anticipate," "believe," "intend," "plan," "project, ...

Core Insights - Snowflake and SAP SE have announced a collaboration to integrate Snowflake's AI Data Cloud with SAP Business Data Cloud, enhancing data accessibility for organizations [1] Group 1: Collaboration Details - The partnership aims to provide a seamless experience for organizations to utilize Snowflake's AI Data Cloud alongside SAP's offerings [1] - Snowflake's data and AI platform will be available as a solution extension for SAP BDC customers, facilitating richer data utilization [1]

Core Insights - Snowflake is positioning itself as a leader in the integration of agentic AI into enterprise operations, focusing on transforming data into actionable insights [4][6][7] - The company aims to empower all employees to interact with data using natural language, enhancing decision-making speed and effectiveness [5][6][8] - Snowflake's new platform, Snowflake Intelligence, is designed to provide verified and explainable answers to complex queries, moving beyond traditional analytics [7][8] Company Strategy - Snowflake's strategy emphasizes building governed data ecosystems that allow for reasoning over data while maintaining strict governance [4][12] - The company is integrating agentic AI gradually, ensuring that it aligns with customer outcomes and has clear application stories [10][12] - A prototype AI agent named "Raven" is being tested internally to demonstrate the capabilities of context-aware AI in supporting real-time decision-making [9] Market Position - Snowflake commands an estimated 18.33% market share in the data intelligence and cloud data warehousing sector, significantly ahead of competitors like Databricks [18] - The company reported total revenue of $942.1 million, reflecting a 28% year-over-year increase, with product revenue reaching $900.3 million, a 29% increase [18] - Industry experts suggest that Snowflake's strong network effects and existing infrastructure investments by enterprises provide a defensible competitive position [19][20] Industry Trends - The shift in the industry is moving from raw model performance to the integration of AI with enterprise data, emphasizing the importance of trust and governance [2][16] - Companies are increasingly focused on the ability of AI to explain its reasoning rather than just generating outputs, indicating a broader realignment in enterprise AI [20] - The future of enterprise AI is expected to be open, interoperable, and deeply data-driven, with a focus on trust and context as key differentiators [21]

Financial Data and Key Metrics Changes - Overall revenue grew 63% year-over-year and 18% sequentially, reaching $1.181 billion in Q3 [3][16] - The Rule of 40 score increased to 114%, up 46 points year-over-year and 20 points since the last quarter [3][14] - Adjusted operating margin reached 51%, exceeding prior guidance by 500 basis points [15][22] - Adjusted free cash flow for the trailing 12 months reached $2 billion for the first time [24] Business Line Data and Key Metrics Changes - U.S. commercial business revenue grew 121% year-over-year and 29% sequentially, accounting for 34% of overall revenue [4][15] - U.S. government business revenue grew 52% year-over-year and 14% sequentially [6][20] - Commercial revenue overall grew 73% year-over-year and 22% sequentially [17] Market Data and Key Metrics Changes - Customer count increased by 45% year-over-year to 911 customers [16] - Revenue from the top 20 customers increased 38% year-over-year to $83 million per customer [16] - International commercial revenue grew 10% year-over-year and 5% sequentially [19] Company Strategy and Development Direction - The company is focused on delivering AI leverage through its AIP platform, emphasizing value creation for customers [4][5] - There is a clear trend of customers transitioning to larger enterprise agreements, indicating a shift towards enterprise-wide AI adoption [5][6] - The company aims to maintain its unique position in the market by integrating advanced AI capabilities into its offerings [8][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the momentum heading into Q4, with a clear mission to deliver AI capabilities that translate into performance [7][14] - The company highlighted the importance of AI in driving enterprise transformations, with C-suite executives taking ownership of AI initiatives [5][6] - Management noted that the current results are unprecedented for a software company, emphasizing the company's unique market position [27][30] Other Important Information - The company closed its highest-ever TCV quarter at $2.8 billion, up 151% year-over-year [16][20] - Adjusted gross margin was reported at 84% for the quarter [22] - The company has repurchased approximately 2.6 million shares as part of its share repurchase program [24] Q&A Session Summary Question: What do you see as Palantir's unique differentiator that others may not understand? - The company builds software that works for the real world, focusing on solving problems rather than just selling software [36][37] Question: Can you walk through the accelerated sales cycles observed? - Customers are increasingly approaching the company with a desire to reorganize their entire operations around Palantir's solutions, indicating a shift in expectations [48][50] Question: What changed from a behavioral perspective among customers? - Customers are realizing the limitations of other solutions and are now more interested in implementing Palantir's offerings to solve their core problems [62][64]

Financial Data and Key Metrics Changes - Overall revenue grew 63% year-over-year and 18% sequentially, reaching $1.181 billion in Q3 [3][16] - The Rule of 40 score increased to 114, up 46 percentage points year-over-year and 20 percentage points since last quarter [3][14] - Adjusted operating margin reached 51%, exceeding prior guidance by 500 basis points [15][22] - Adjusted free cash flow for the trailing 12 months reached $2 billion for the first time [16][24] Business Line Data and Key Metrics Changes - U.S. commercial business revenue grew 121% year-over-year and 29% sequentially, accounting for 34% of overall revenue [4][15] - U.S. government business revenue grew 52% year-over-year and 14% sequentially [6][20] - Commercial revenue grew 73% year-over-year and 22% sequentially, surpassing U.S. government revenue for the fourth consecutive quarter [17][19] Market Data and Key Metrics Changes - Customer count increased by 45% year-over-year to 911 customers [16] - Revenue from the top 20 customers increased 38% year-over-year to $83 million per customer [16] - Total remaining deal value in the U.S. commercial business grew 199% year-over-year [19][21] Company Strategy and Development Direction - The company is focused on delivering AI leverage through AIP, emphasizing the importance of enterprise-wide AI adoption [5][7] - AIP is positioned as the only platform capable of delivering transformational impact in the enterprise AI market [6][10] - The company aims to maintain its unique culture and focus on value creation for customers while expanding its product offerings [66][67] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the momentum heading into Q4, with a clear mission to deliver production capabilities that turn AI from promise into performance [7][14] - The company highlighted the growing demand for AI in both commercial and government sectors, with significant opportunities ahead [68][69] - Management noted the importance of aligning internal dynamics with customer needs to sustain growth [66][67] Other Important Information - The company closed its highest-ever TCV quarter at $2.8 billion, up 151% year-over-year [16][20] - Adjusted gross margin was reported at 84% for the quarter [22] - The company repurchased approximately 2.6 million shares as part of its share repurchase program [24] Q&A Session Summary Question: What do you see as Palantir's unique differentiator that others may not understand? - The company builds software that works for the real world, focusing on solving problems rather than just selling software [36][37] Question: Can you walk through the accelerated sales cycles observed? - Customers are increasingly approaching the company to deploy solutions across their entire organization rather than just for specific use cases [48][50] Question: What changed from a behavioral perspective among customers? - Customers are realizing the limitations of other solutions and are eager to adopt Palantir's offerings for tangible results [62][63]

Financial Data and Key Metrics Changes - The company achieved a revenue growth of 63% year-over-year and 18% sequentially, reaching $1.181 billion in Q3 [3][16] - The Rule of 40 score increased to 114, up 46 percentage points year-over-year and 20 percentage points since the last quarter [3][14] - Adjusted operating margin reached 51%, exceeding prior guidance by 500 basis points [15][22] - The company generated $2 billion in trailing 12-month adjusted free cash flow for the first time [16][24] Business Line Data and Key Metrics Changes - U.S. commercial revenue grew 121% year-over-year and 29% sequentially, contributing significantly to overall performance [3][15] - U.S. government revenue increased by 52% year-over-year and 14% sequentially, driven by mission-critical capabilities [6][20] - The commercial segment reported a revenue growth of 73% year-over-year and 22% sequentially [17] Market Data and Key Metrics Changes - The U.S. market accounted for three-fourths of the company's business in Q3, with a growth rate of 77% year-over-year [3][15] - International commercial revenue grew 10% year-over-year and 5% sequentially, with targeted growth opportunities in Asia and the Middle East [19] Company Strategy and Development Direction - The company is focused on delivering AI leverage through its AIP platform, emphasizing value creation for customers [4][5] - There is a clear trend of customers transitioning to larger enterprise agreements, indicating a shift towards enterprise-wide AI adoption [5][6] - The company aims to maintain its unique position in the market by integrating advanced AI capabilities with its existing software solutions [8][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the extraordinary momentum heading into Q4, with a clear mission to deliver AI capabilities that turn promise into performance [7][14] - The company anticipates continued strong demand for its products, particularly in the U.S. commercial sector, with guidance for Q4 revenue between $1.327 billion and $1.331 billion [24][25] - Management highlighted the importance of maintaining internal focus and aligning with customer needs to sustain growth [48][49] Other Important Information - The company closed its highest-ever TCV quarter at $2.8 billion, up 151% year-over-year [4][16] - Customer count grew 45% year-over-year, reaching 911 customers [16][21] - The company repurchased approximately 2.6 million shares as part of its share repurchase program [24] Q&A Session Summary Question: What do you see as Palantir's unique differentiator? - The company builds software that works in the real world, focusing on solving customer problems rather than just selling software [34][35] Question: Can you walk through the accelerated sales cycles observed? - Customers are increasingly approaching the company with a desire to deploy solutions across their entire organization, reflecting a shift in expectations [37][39] Question: What changed from a behavioral perspective among customers? - Customers are recognizing the limitations of other solutions and are eager to adopt Palantir's offerings for tangible results [42][44] Question: How does the company plan to maintain its unique attributes internally? - The company emphasizes the importance of staying close to the problem and ensuring that its products continue to improve [48][49]

Core Insights - Rezolve Ai (RZLV) and Bitfarms Ltd. (BITF) are speculative equity investments in emerging sectors, with RZLV focusing on AI-commerce and digital retail tech, while BITF is transitioning to high-performance computing (HPC) and AI from bitcoin mining [1] Group 1: Rezolve Ai (RZLV) - RZLV has experienced a significant 426% year-over-year revenue growth in the first half of 2025, achieving over $90 million in annual recurring revenues (ARR) [2][9] - The company aims for a minimum ARR exit rate of $150 million for 2025 and $500 million for 2026, driven by its Brain Suite technology [2][3] - Brain Suite, which includes Brain Commerce and Brain Checkout, serves over 100 customers, including major firms like Rakuten Group and Cognizant, and has processed over 13 billion API calls [3][4] - RZLV's partnership with Microsoft and Google enhances its market reach and operational scalability [4] - Despite the positive growth trajectory, RZLV faces challenges with widening net losses of $57.9 million in the first half of 2025 and competitive pressures from larger players in the AI and e-commerce sectors [5] Group 2: Bitfarms Ltd. (BITF) - BITF reported an 87% year-over-year revenue increase in Q2 2025 and is pivoting towards the HPC/AI market, with over 80% of its pipeline and all Megawatts under development located in the U.S. [6][9] - The company secured a $300 million debt facility from Macquarie Group to support its HPC/AI expansion [7][9] - While diversifying from traditional bitcoin mining, BITF's reliance on bitcoin prices poses risks, and the nascent HPC/AI business is capital-intensive [8] - The Zacks Consensus Estimate for BITF's 2025 sales is $314.5 million, indicating a 63.1% year-over-year increase, with a projected $367 million for 2026 [11] - BITF's stock has surged 250% in the past three months, significantly outperforming the industry [9][14] Group 3: Comparative Analysis - RZLV's forward price-to-sales multiple is 5.38 times, lower than its 12-month median of 9.55 times, while BITF's multiple is 6.37 times, higher than its median of 1.91 times [17] - RZLV is currently experiencing a correction phase with a 19.2% decline, while BITF has increased by 250% over the same period [9][14] - The operational scalability of RZLV's Brain Suite contrasts with BITF's capital-intensive HPC/AI strategy, which raises concerns about recurring cash flows [20]

Financial Data and Key Metrics Changes - The company reported revenue of over $1.8 billion for Q3 2025, an increase of 5% driven by unit volume increases in used RVs exceeding 30% [12] - Adjusted EBITDA grew over 40% to $95.7 million compared to $67.5 million in the previous year [6][12] - SG&A as a percentage of gross profit improved by 360 basis points year over year [13] Business Line Data and Key Metrics Changes - The company sold nearly 14% of all new and used RVs in North America, indicating strong market penetration [6] - New average selling prices (ASPs) improved sequentially to just under $38,000, a decline of roughly 9% year over year [12] - The used RV sales segment showed significant growth, with expectations for continued high single-digit to low double-digit growth in the coming years [56] Market Data and Key Metrics Changes - The RV industry is experiencing low to mid single-digit declines year over year, with the company anticipating similar trends for its new RV sales [88] - The company has achieved a market share of 13.5%, with a medium-term target of 15% [50][54] Company Strategy and Development Direction - The company aims to improve revenue and earnings while reducing net leverage, with a target adjusted EBITDA floor of around $310 million for 2026 [8] - The strategy includes focusing on used RV sales, service businesses, and Good Sam services as core revenue drivers [11] - The company is investing in AI and technology to enhance operational efficiency and customer experience, which is expected to yield significant cost savings [40][42] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the new RV market, citing potential resistance due to rising prices and economic uncertainty [7][20] - The company plans to maintain a conservative approach to inventory and sales forecasts, allowing flexibility to adjust based on market conditions [24][65] - Management believes that the used RV business will continue to provide stability and growth opportunities, mitigating risks associated with the new RV market [91] Other Important Information - The company ended the quarter with $230 million in cash, $427 million in used inventory owned outright, and nearly $260 million in real estate without associated mortgages [13][14] - The management team emphasized the importance of maintaining a clean inventory position heading into 2026 [35] Q&A Session Summary Question: What have you seen regarding new RV demand? - Management noted high single-digit declines in the new RV industry, with some stabilization observed earlier in the year, but current trends indicate potential softening due to economic factors [19][20] Question: How do you view the impact of lower rates on unit growth? - Management indicated that while lower rates could help, rising prices may offset any benefits, leading to continued affordability challenges for consumers [26][27] Question: Can you clarify your EBITDA guidance for the year? - Management set a conservative EBITDA floor of $310 million for 2026, with expectations for growth driven primarily by used RV sales [33][64] Question: What is the outlook for M&A activity? - Management is focused on smaller, accretive acquisitions, with a goal to return to a 10% to 15% run rate of acquisitions, depending on market conditions [81][46] Question: What are the average price increases from OEMs for model year 2026? - The average price increase is expected to be around 5% to 7%, with potential for adjustments based on market demand [70][73]