4Q and Full Year 2025 Earnings Presentation February 4, 2026 © 2026 GE HealthCare. GE is a trademark of General Electric Company used under trademark license. Forward-looking statements and additional information This presentation contains forward-looking statements. These forward-looking statements might be identified by words, and variations of words, such as "will," "expect," "may," "would," "could," "plan," "believe," "anticipate," "intend," "estimate," "potential," "position," "forecast," "target," "gu ...

Core Insights - PTC Inc. is set to release its first-quarter fiscal 2026 earnings on February 4, 2026, with analysts expecting an EPS of $1.59 and revenue of approximately $634.3 million [1][6] Financial Projections - The company has guided revenue expectations between $600 million and $660 million, with non-GAAP EPS anticipated to range from $1.26 to $1.82 [2][6] - The Zacks Consensus Estimate aligns closely with these projections, forecasting revenue at $638.4 million, representing a 13% increase year-over-year, and an EPS of $1.59, indicating a significant 44.6% rise from the previous year [2] Strategic Focus - PTC is concentrating on expanding its offerings in Software as a Service (SaaS) and Artificial Intelligence (AI), with an expected Annual Recurring Revenue (ARR) growth of 8% to 8.5% driven by its Kepware and ThingWorx platforms [3][6] - The company is implementing a go-to-market realignment to enhance its market presence [3] Previous Performance - In the last earnings announcement, PTC reported earnings of $2.10 per share, a return on equity of 23.02%, and a net margin of 27.05%, with revenue of $1.76 billion for that quarter [4] - Analysts forecast earnings of $4 per share for the current fiscal year and $5 per share for the next fiscal year [4] Stock Performance - PTC's stock has experienced fluctuations, recently declining by 0.7% to open at $164.63, with a yearly range between $133.38 and $219.69 [5] - The company's price-to-earnings (P/E) ratio is approximately 24.34, and the price-to-sales (P/S) ratio is about 6.51, reflecting the market's valuation of its earnings and revenue potential [5]

Industry Overview - The Internet Software industry is expected to show evolving enterprise software adoption patterns, resilience in subscription models, and ongoing platform consolidation trends in Q4 2025 [1] - There is selective demand for specialized software solutions, continued preference for cloud-based deployments, and cautious IT spending optimization [1] Company Performance Insights - Leading players like 8x8, Intapp, Match Group, and Digital Turbine are anticipated to benefit from subscription renewals and vertical-specific solution demand, with SaaS spending maintaining growth momentum due to cloud adoption and digital transformation initiatives [2] - AI-enhanced workflow automation and analytics capabilities are driving operational efficiency and productivity gains, with generative AI integration gaining traction [3] Market Challenges - The industry's performance may be affected by macroeconomic headwinds and changing spending priorities, with enterprises focusing on software consolidation and strategic portfolio management [4] - Mixed revenue growth is expected for the Internet Software industry in Q4 2025, with companies demonstrating strong customer retention and differentiated solutions likely performing better [4] Company-Specific Developments - Match Group is expected to have momentum from product innovations at Tinder and Hinge, with new features enhancing user engagement and international expansion supporting subscriber growth [6] - However, user experience testing at Tinder may have created near-term revenue headwinds, alongside weaker trends at Evergreen and Emerging brands [7] - 8x8 is anticipated to benefit from usage-based revenue offerings and strong adoption of CPaaS communication APIs, although a shift toward lower-margin revenues may pressure gross margins [10][11] - Intapp is expected to leverage its cloud migration and AI integration initiatives, with a focus on vertical AI strategies driving customer engagement [13] - Digital Turbine is likely to see growth from its On Device Solutions and App Growth Platform segments, although macroeconomic uncertainties may pose challenges [16][17]

The North American Tech-Software iShares ETF (IGV) has hit a rough patch in early 2026. What’s the cause? A classic case of expectation meeting reality. For two years, the software sector bid up on the promise of artificial intelligence (AI) integration. Now, in the first earnings season of 2026, investors are demanding to see the receipts. The result has been a violent rotation away from general software providers and toward hardware and specialized AI winners. More News from Barchart As of late Janua ...

Core Viewpoint - Comprehensive Healthcare Systems Inc. is increasing its non-brokered private placement due to strong investor interest, raising the total offering size to 11,038,462 units for gross proceeds of up to $5,600,000 [1][2]. Group 1: Offering Details - The initial offering consisted of 7,000,000 units priced at $0.50 per unit, generating gross proceeds of $3,500,000 [1]. - An additional 4,038,462 units will be offered at a price of $0.52 per unit, potentially raising an extra $2,100,000 [1]. - Insider participation in the offering is anticipated to reach up to $2,200,000, subject to regulatory approvals [1]. Group 2: Company Overview - Comprehensive Healthcare Systems Inc. is a vertically integrated SaaS company focused on digitizing healthcare through its Healthcare Benefits Administration solutions [4]. - The company's Novus 360 Healthcare Welfare and Benefits Administration platform is utilized for various aspects of healthcare benefits administration, catering to self-funded employers, providers, and labor unions [4].

Financial Data and Key Metrics Changes - In Q3 FY 2026, the company's Annual Recurring Revenue (ARR) increased by 22% to ZAR 5,106 million, and on a US dollar basis, it increased by 28% to $298 million [4][22] - Total revenue for Q3 increased by 22% to ZAR 1,410 million, with subscription revenue rising by 20% to ZAR 1,239 million [8][21] - Operating profit increased by 14% to ZAR 369 million, and earnings per share rose by 11% to ZAR 8.55 [21][24] Business Line Data and Key Metrics Changes - Cartrack, the primary operating segment, generated approximately ZAR 1.2 billion in subscription revenue, reflecting a 20% increase or 27% on a US dollar basis [6][22] - Karooooo Logistics reported Delivery-as-a-Service revenue of ZAR 135 million, an increase of 24% or 31% on a US dollar basis [8][17] - Cartrack's operating profit margin was 28% in Q3, while Karooooo Logistics had a 7% operating profit margin [8][17] Market Data and Key Metrics Changes - South Africa represented 72% of total Cartrack subscription revenue, with subscription revenue growth accelerating to 21% [12][23] - Southeast Asia and the Middle East saw a 14% increase in subscription revenue, while Europe experienced a 24% increase [15][16][24] - The company ended Q3 with approximately 318,000 subscribers in Southeast Asia and the Middle East, a 20% increase [15] Company Strategy and Development Direction - The company aims to strengthen its leadership position in South Africa by driving the adoption of video solutions and Cartrack Tag within its existing customer base [18][30] - There is a focus on expanding distribution capabilities in Asia and Europe, with ongoing investments in sales capacity expected to yield positive results [18][30] - The capital allocation framework prioritizes organic growth and innovation, with a commitment to returning surplus capital to shareholders when growth opportunities are limited [19][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the market opportunity in South Africa, indicating a long runway for subscription growth [15][30] - The company noted that the appreciation of the South African rand has created a currency translation headwind on reported revenue, but underlying operating momentum remains strong [28] - The outlook for FY 2026 Cartrack subscription revenue has been revised to between ZAR 4,785 million and ZAR 4,900 million, implying growth between 18% and 21% [29] Other Important Information - The company reported a strong balance sheet with net cash and cash equivalents of ZAR 531 million [11][26] - The subscription gross margin was 73%, and the lifetime value to customer acquisition cost (LTV to CAC) ratio remained above nine times [12][25] - The company has a disciplined approach to capital allocation, focusing on sustainable growth and shareholder value [19][20] Q&A Session Summary Question: How is the headcount increase in Asia progressing? - The company is currently at around 40% of the targeted 70% increase, with many hires expected in January and February [32] Question: When will investment in sales and marketing stabilize? - The stabilization depends on the efficiency of sales and marketing strategies, with plans to continue increasing investment given the large addressable market [32] Question: How far along is the cross-selling of tag and video in South Africa? - The company is in the early stages of cross-selling and expects stronger momentum in the next financial year [33] Question: What are the drivers of acceleration in subscriber growth? - The acceleration is attributed to increased sales and marketing efforts, with strong productivity in key markets [34] Question: How does the company view the competitive landscape for AI camera adoption? - The company feels comfortable competing with peers and believes adoption will strengthen over time [36] Question: What impact does the strong South African rand have on operations? - The strong rand has a mixed impact, positively affecting production costs but negatively impacting reported revenue in rands [43] Question: Is the subscriber growth in South Africa diluting ARPU growth? - On a group level, ARPU growth remains on track, with slight lagging expected but overall performance is largely on target [51]

Core Viewpoint - Tesla Inc. is transitioning its Full Self-Driving (FSD) system from a one-time purchase model to an exclusively monthly subscription service, effective after February 14, 2026, eliminating the $8,000 upfront payment option [1][3]. Group 1: Business Strategy - The shift represents a significant change in Tesla's business strategy as it faces a prolonged sales slump, having lost its title as the world's top electric vehicle manufacturer to BYD [3]. - Tesla's fourth quarter sales in the United States fell by 15%, marking the second consecutive year of declining volume despite introducing lower-priced trims of the Model 3 and Model Y [3]. - To protect its $1.5 trillion valuation, Tesla is focusing on high-margin, recurring revenue streams from AI and software rather than one-time hardware sales [4]. Group 2: Financial Implications - The subscription model could impact Tesla's bottom line, as it shifts the perception of FSD from a permanent vehicle upgrade to a software-as-a-service (SaaS) offering [4]. - Increasing subscription sign-ups is crucial for CEO Elon Musk to meet product goals tied to his $1 trillion incentive plan, which includes achieving "10 million active FSD subscriptions" by late 2035 [5]. Group 3: Competitive Landscape - The timing of this transition coincides with increased competition from Nvidia, which introduced an open-source AI model for autonomous vehicle development, potentially providing rival automakers with advanced driver assistance systems [6]. - Mercedes-Benz Group AG plans to deploy similar technology in the US soon, posing a direct challenge to Tesla's software dominance with lower upfront capital requirements for manufacturers [7].

Core Viewpoint - Destiny Media Technologies Inc. has reported its financial results for the first quarter of fiscal 2026, highlighting significant developments in product offerings and partnerships that are expected to drive future growth [2]. Financial Performance - Revenue for Q1 FY2026 reached $1.2 million, reflecting a 1.3% increase compared to $1.226 million in Q1 FY2025 [10]. - Net income for the quarter was $0.08 million, down from $0.118 million in the same quarter last year [10]. - Adjusted EBITDA was $0.25 million, a decrease from $0.29 million in FY2025, alongside lower capitalization requirements [8]. - Gross margin decreased to 85.4% from 87.3% year-over-year [10]. Customer and Market Developments - The company experienced a 7.3% growth in total customers [8]. - A multi-year agreement with Universal Music Group was finalized, which is expected to secure foundational platform activity and enhance future revenue streams [2]. Operational Changes - The company implemented targeted pricing adjustments that began to take effect late in the quarter, contributing to momentum heading into the next quarter [2]. - Cost reductions were also implemented later in the quarter, which are anticipated to have a meaningful impact on future quarters [8]. Upcoming Events - Destiny Media Technologies will hold a live webinar on January 15, 2026, to discuss the financial results for Q1 FY2026 [4].

Group 1 - Comprehensive Healthcare Systems Inc. (CHS) announced a non-brokered private placement of up to 7,000,000 units at a price of $0.50 per unit, aiming for gross proceeds of up to $3,500,000 [1][2] - Each unit consists of one common share and one-half of a warrant, with whole warrants allowing the purchase of one common share at an exercise price of $1.00 for three years, subject to accelerated expiry conditions [2] - The proceeds from the offering will be utilized for general working capital [2] Group 2 - The company plans to conduct a securities for debt transaction to settle up to US$893,250 (approximately C$1,232,685) in liabilities through the issuance of up to 2,465,369 common shares at a price of $0.50 per share [3] - Completion of the offering and the settlement is subject to customary closing conditions, including necessary approvals from the TSX Venture Exchange [4] - All securities issued will be subject to hold periods under applicable securities laws, and the company may pay finder fees in compliance with applicable laws [4] Group 3 - Comprehensive Healthcare Systems Inc. is a vertically integrated SaaS company focused on digitizing healthcare with solutions for healthcare benefits administration [6] - The company's Novus 360 Healthcare Welfare and Benefits Administration platform is utilized by clients for various aspects of healthcare benefits administration [6]

Group 1 - DeFi Development Corp. is the first US public company with a treasury strategy focused on accumulating and compounding Solana (SOL) [1][3] - Chief Strategy Officer Daniel Kang will present at Needham's 28th Annual Growth Conference on January 14, 2026 [1] - The company provides investors with direct economic exposure to SOL while participating in the growth of the Solana ecosystem through holding, staking, and operating validator infrastructure [3] Group 2 - DeFi Development Corp. engages in decentralized finance (DeFi) opportunities and explores innovative ways to support Solana's expanding application layer [3] - The company operates an AI-powered online platform that connects the commercial real estate industry, offering data and software subscriptions [4] - It serves over one million web users annually, including property owners, developers, and various lenders, applying for billions in debt financing [5]