Olaplex (OLPX) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Speaker0 Greetings, and welcome to the Olaplex Holdings First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce Alison Malkin, Investor Relations. Alison, please go ahead. Speaker1 Good morning, everyone. Welcome to our first quarter fis ...

Greystone Housing Impact Investors LP (GHI) Q1 2025 Earnings Call May 07, 2025 04:30 PM ET Company Participants Jesse Coury - Chief Financial OfficerKenneth Rogozinski - Chief Executive OfficerMatthew Erdner - DirectorChris Muller - Director - Equity Research Conference Call Participants Jason Stewart - Director & Equity Research Analyst Operator and welcome to First Quarter twenty twenty five Earnings Call for Greystone Housing Impact Investors. At this time, all participants are in a listen only mode. A q ...

Core Viewpoint - Crédit Agricole S.A. has announced the redemption of its outstanding ¥5,800,000,000 Japanese Yen Callable Subordinated Bonds, which were issued on June 4, 2020, effective June 4, 2025, at 100% of the principal amount plus accrued interest [1][2]. Group 1 - The redemption will take place on June 4, 2025, and the holders of the bonds will receive the redemption amount, which includes the principal and interest accrued up to the redemption date [2][3]. - On the redemption date, the bonds will cease to bear interest unless the redemption amount is improperly withheld or refused [3]. - Holders of the bonds will receive formal notice regarding the redemption in accordance with the bond conditions [3].

Core Viewpoint - Crédit Agricole S.A. has announced the redemption of its outstanding ¥105,500,000,000 Japanese Yen Callable Senior Non-Preferred Bonds, which were issued on June 4, 2020, effective June 4, 2025 [1][2]. Group 1 - The redemption will occur at a price equal to 100% of the principal amount, along with interest accrued up to the redemption date [2][3]. - On the redemption date, the redemption amount will become due and payable, and the bonds will cease to bear interest unless the redemption amount is improperly withheld or refused [3]. Group 2 - Holders of the bonds will receive formal notice of the redemption in accordance with the conditions of the bonds [3].

截至2025年5月6日 11:02，30年国债ETF(511090)多空胶着，最新报价124.75元。流动性方面，30年国债 ETF盘中换手18.2%，成交30.12亿元，市场交投活跃。拉长时间看，截至4月30日，30年国债ETF近1月 日均成交97.67亿元。 规模方面，30年国债ETF最新规模达165.61亿元。 平安证券指出，等待债市方向的过程中，关注一些有相对价值的品种。当前债市的变数主要在两方面： 一是关税的变化扰动；二是国内稳增长政策的顺序和力度。推动债市走出震荡的因素可能来自基本面数 据、增量货币政策落地、权益市场表现等，如果宽信用政策不及预期或落地顺序靠后，预计资金中枢稳 中有降，10年国债利率有概率突破前低。如果宽信用政策比货币靠前发力或力度较强，则市场可能面临 一定调整压力。当前建议持券观望，还可关注的结构性的估值机会。 30年国债ETF紧密跟踪中债-30年期国债指数(总值)财富指数，中债-30年期国债指数隶属于中债总指数 族系，该指数成分券由在境内公开发行上市流通的发行期限为30年且待偿期25-30年（包含25年和30 年）的记账式国债组成（不包含特别国债），可作为投资该类债券的业绩比较 ...

Financial Data and Key Metrics Changes - The company generated $88 million in revenue and $57 million in cash from operations for Q1 2025, aligning with expectations [6][19] - Adjusted EBITDA for Q1 was $47.3 million, reflecting an adjusted EBITDA margin of 54% [21] - The company ended the quarter with $116.5 million in cash, cash equivalents, and marketable securities [22] Business Line Data and Key Metrics Changes - Recurring revenue for Q1 2025 increased modestly year-over-year, with non-pay TV segments seeing a 25% increase [8][9] - The company signed 10 license agreements in Q1, including four with new customers in key growth areas such as social media, OTT, and semiconductors [9][10] - Renewals accounted for a significant portion of revenue stability, with over 90% of customers renewing their agreements [13] Market Data and Key Metrics Changes - The company noted strong momentum in the OTT market, with significant opportunities both domestically and internationally [41] - The semiconductor market is seeing growth driven by the adoption of hybrid bonding technologies [14][40] Company Strategy and Development Direction - The company maintains a balanced capital allocation strategy and focuses on growth in OTT, semiconductors, and adjacent media markets [7][14] - The strategic acquisition of patent portfolios is aimed at enhancing the company's media and semiconductor capabilities [17][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business model despite macroeconomic volatility, with over 80% of revenue supported by contracted agreements [7][8] - The company reiterated its full-year 2025 revenue guidance of $390 million to $430 million, with expectations for operating expenses between $166 million and $174 million [24][25] Other Important Information - The company acquired two IP portfolios for $5 million, focusing on micro LEDs and imaging technologies [16][23] - A new board member, Sandeep Vizh, was nominated to replace retiring board member Raghu Rao [18] Q&A Session Summary Question: Potential for new sports league deals - Management expressed optimism about the new U.S. Professional Sports League deal, indicating it could lead to more opportunities in the sports sector [30][31] Question: Opportunities in sports betting - Management acknowledged the exploration of sports gambling as a potential adjacent market, though it is seen as a longer-term opportunity [33] Question: Licensing status of acquired portfolios - The acquired micro LED and imaging portfolios do not currently have existing licenses attached, but management sees significant potential for future revenue [35] Question: Semiconductor deal expectations - Management clarified that the recent semiconductor deal was not the large opportunity anticipated from the previous year, but it reflects ongoing progress in hybrid bonding adoption [40] Question: OTT market opportunities - Management indicated that the majority of OTT opportunities are domestic, with ongoing litigation affecting some potential deals [41] Question: Social media market potential - Management noted that the company has licensed approximately 90% of the social media market, with opportunities primarily in renewals rather than new deals [43]

Financial Data and Key Metrics Changes - The company generated $88 million in revenue and $57 million in cash from operations for Q1 2025, aligning with expectations [5] - The full year 2025 revenue outlook remains unchanged, with over 80% supported by contracted revenue [6] - Adjusted EBITDA for Q1 was $47.3 million, reflecting an adjusted EBITDA margin of 54% [20] - The company ended Q1 with $116.5 million in cash, cash equivalents, and marketable securities [21] Business Line Data and Key Metrics Changes - Recurring revenue for Q1 2025 increased modestly year over year, with non-pay TV parts of the business seeing a 25% increase [7][8] - The company signed 10 license agreements in Q1, including four with new customers in key growth areas such as social media, OTT, and semiconductors [8][9] - Renewals accounted for six agreements in Q1, maintaining a strong track record of over 90% renewal rates [12] Market Data and Key Metrics Changes - The company is focusing on growth in OTT, semiconductors, and adjacent media markets, with significant opportunities in the OTT sector due to its growing subscriber base [10] - The semiconductor market is seeing increased adoption of hybrid bonding, which is driving new deal flow [11] Company Strategy and Development Direction - The company emphasizes a balanced capital allocation strategy, focusing on growth through strategic acquisitions while maintaining a strong cash position [5][16] - The strategy includes expanding and diversifying patent portfolios to meet evolving market needs, with a focus on organic growth through R&D [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business model despite macroeconomic volatility, with visibility into revenue supported by long-term contracts [6] - The company is monitoring the broader macroeconomic environment and remains prudent in spending, anticipating potential impacts on future performance [25] Other Important Information - The company acquired two IP portfolios for $5 million, enhancing its media and semiconductor capabilities [15][22] - A new board member, Sandeep Vizh, was nominated to replace retiring board member Raghu Rao, bringing extensive expertise in technology and semiconductors [17] Q&A Session Summary Question: Potential for new sports league deals - Management is optimistic about the new deal with a U.S. Professional Sports League, viewing it as a potential breakthrough for future agreements [30][31] Question: Opportunities in sports betting - Management is exploring the sports gambling market as an adjacent opportunity, though it is considered a longer-term prospect [33] Question: Licensing status of acquired portfolios - The acquired micro LED and imaging portfolios do not currently have existing licenses attached, but management sees significant potential for future revenue [35] Question: Semiconductor announcement context - The recent semiconductor deal is not the large opportunity anticipated from the previous year, but it reflects ongoing progress in hybrid bonding adoption [40] Question: OTT market opportunities - The majority of OTT opportunities are domestic, with ongoing litigation affecting some potential deals, but international opportunities are also being pursued [41] Question: Social media market potential - The company has licensed approximately 90% of the social media market, with opportunities primarily in renewals rather than new deals [43]

Group 1 - The article discusses the preferred stock and baby bond market activity, providing both bottom-up analysis of individual news and events, and top-down overview of the broader market [1] - ADS Analytics is a team of analysts with experience in research and trading at leading global investment banks, focusing on generating income ideas from various security types including CEFs, ETFs, mutual funds, BDCs, and individual preferred stocks and baby bonds [1]

Market Overview and Macro Environment - The report highlights the transformation of China's economic growth model, with consumption becoming the largest driver of economic development. The financial market scale ranks among the top globally, and the interbank bond market is thriving, accounting for 88.0% of the total bond market by the end of 2024. The diversity of investor types and the continuous improvement in trading activity are also noted [1][2]. Reform of Operating Mechanisms - The report emphasizes the market-oriented promotion of the registration system reform, optimizing the registration and issuance management mechanisms. An information disclosure system is being established, and an innovative "regular issuance plan" mechanism is enhancing efficiency. The issuance pricing is being standardized, and self-regulation is being strengthened. Additionally, various investor protection tools are being provided to improve market liquidity [1][2]. Diversification of Product Supply - The interbank bond market offers a rich array of products categorized by issuer type, including government, financial institutions, and corporate credit bonds. The green bond market is developing robustly, with a continuously improving standard system. Bonds themed on sustainable development are rapidly growing, and technology innovation bonds are aiding financing for tech enterprises. Asset securitization is supporting inclusive finance and innovating financing models for private small and micro enterprises [1][2]. Diverse Risk Hedging Tools - The rapid development of the interbank derivatives market includes interest rate, exchange rate, and credit derivatives. The repo market and bond lending market are also being improved, facilitating risk hedging for foreign institutions [2]. Self-Regulation and Market Openness - The trading association is enhancing self-regulation through various means to standardize the market. The level of openness in the bond market is expanding, with the Panda bond market providing financing channels for foreign issuers. Mechanisms are continuously optimized to offer diverse services and a favorable business environment for foreign investors and intermediaries [2]. Future Outlook - The report projects that under the impetus of reforms, China's bond market will have more refined operating mechanisms, a richer product offering, and a higher degree of openness, thereby better serving the real economy and enhancing its influence in the global financial market [2].

To Nasdaq Copenhagen A/S 2 May 2025 Announcement 37 /2025 Jyske Realkredit’s auctions for 1 July 2025 refinancing Jyske Realkredit plans to carry out the auctions Tuesday 27th of May 2025 for loans in cover pool E. The refinancing amount and bonds to be offered are specified in the table below: OpenCloseAlloc.NameISINAmount mill.LCRTuesday 27 May10:0010:3010:35Var. 422.E.OA Cb3.ju29 RFDK0009417198<td style="width:66.14px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: ...