I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behind a company's financials, and ultimately, most often revealed by a DCF model valuation. This methodology doesn't limit an investor into rigid traditional value, dividend, or growth investing, but rather accounts for all of a ...

Financial Data and Key Metrics Changes - In Q2 2025, total revenue increased by 22% year over year to $764 million, with originations rising 28% to $1.8 billion [10][22] - Adjusted EPS grew by 48% year over year to $3.23 per diluted share, reflecting efficient marketing and lower cost of funds [11][31] - The consolidated net charge-off ratio improved to 8.1%, down from 8.6% in the previous quarter and 7.7% a year ago [11][24] Business Line Data and Key Metrics Changes - Small business revenue increased by 30% year over year to a record $326 million, with originations for small businesses reaching $1.2 billion, a 35% increase [10][23] - Consumer revenue rose by 17% year over year to $428 million, with originations growing 15% to $564 million [23][31] - Small business products accounted for 65% of the loan and finance receivables portfolio, while consumer products made up 35% [10] Market Data and Key Metrics Changes - The U.S. economy added 147,000 jobs in June, with the unemployment rate falling to 4.1% and hourly wages continuing to rise, indicating a resilient labor market [12] - Small businesses are increasingly optimistic, with over 90% expecting moderate to significant growth over the next year, and 76% preferring non-bank lenders for their speed and convenience [16][17] Company Strategy and Development Direction - The company is committed to a focused growth strategy that emphasizes sustainable and profitable growth while managing risks [18][20] - The leadership transition is part of a long-term plan to ensure stability and continued success, with confidence in the new CEO and CFO to drive future growth [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate economic fluctuations, citing a diversified business model that mitigates risks associated with market downturns [12][15] - The company anticipates continued strong performance in the back half of 2025, with expectations for revenue growth of around 20% and adjusted EPS growth of approximately 30% for the full year [34] Other Important Information - The company has a strong liquidity position with $1.1 billion in liquidity, including $388 million in cash and marketable securities [31] - The cost of funds decreased to 8.8%, reflecting strong execution on financing transactions [31][32] Q&A Session Summary Question: Can you elaborate on the consumer portfolio and the confidence in future originations? - Management clarified that the issues observed were isolated to one of five consumer products and have since been addressed, leading to a return to normal credit performance [38][42] Question: What factors contributed to the strong performance in the small business segment? - Management noted that the small business segment has shown consistent strength, with stable credit and a favorable competitive position contributing to solid origination growth [44][46] Question: How do you view the competitive dynamics between consumer and small business segments? - Management indicated that the competitive landscape for small businesses is more stable with fewer players, while the consumer segment is more fragmented, leading to potential fluctuations [90][92] Question: How do you expect the macroeconomic environment to impact growth? - Management emphasized the importance of balancing growth and risk, noting that while macro trends are positive, the company will remain cautious in its approach to originations [78][80]

Data I/O (DAIO) Q2 2025 Earnings Call July 24, 2025 05:00 PM ET Speaker0Good afternoon, everyone, and welcome to the Data IO Second Quarter twenty twenty five Financial Results Conference Call. All participants will be in a listen only mode. Please note today's event is being recorded. At this time, I'd like to turn the conference call over to Mr. Jordan Darrow, Investor Relations.Please go ahead, sir.Speaker1Thank you, operator, and welcome to the Data IO Corporation's second quarter twenty twenty five fin ...

Larry L. Wood to join PROCEPT BioRobotics effective September 2, 2025Company confirms strong underlying business trends and pre-announces 2Q25 revenue of approximately $79.2 million, representing annual growth of 48% SAN JOSE, Calif., July 24, 2025 (GLOBE NEWSWIRE) -- PROCEPT BioRobotics (Nasdaq: PRCT) (“the Company”), a surgical robotics company focused on advancing patient care by developing transformative solutions in urology, today announced that Larry L. Wood will join the Company as president and CEO ...

Financial Data and Key Metrics Changes - The company reported a second quarter NOI of $33.6 million, reflecting a 6.3% increase year-over-year, driven by a 5.3% same store NOI growth [12][14] - FFO per share for Q2 was $0.29, a 3.6% increase from the same quarter last year, while total company FFO was $0.48 per share, up $0.20 from Q2 of the previous year [12][14] - General and administrative expenses decreased by 3.3% year-over-year to approximately $7 million for the quarter [13] Business Line Data and Key Metrics Changes - The company executed 52 leases in its improved property portfolio, representing approximately 184,000 square feet of GLA and $6.1 million of ABR [9] - Blended leasing spreads were reported at 6.8% on a comparable basis, with leased occupancy at 95.8%, up 40 basis points sequentially and 190 basis points year-over-year [10] - Economic occupancy at quarter end was 94.8%, an increase of 90 basis points from the previous quarter and 200 basis points from the same period last year [10] Market Data and Key Metrics Changes - The transaction market in Hawaii is beginning to open up, with the company seeing a number of exciting acquisition opportunities [9] - The company noted that while there is active capital looking for opportunities in Hawaii, it remains competitive, particularly in the mid-range deal sizes [46][47] Company Strategy and Development Direction - The company is focused on three priorities for 2025: improving CRE portfolio performance, internal and external growth, and streamlining business and cost structure [6] - The company is actively adding to its industrial asset base through current developments and is optimistic about future acquisitions [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in portfolio performance and growth prospects, raising the 2025 guidance for same store NOI to a range of 3.4% to 3.8% [14][15] - Management acknowledged potential challenges in the third quarter due to strong results in the same period last year, but expects the fourth quarter to align more closely with first half performance [49] Other Important Information - The company has total liquidity of over $300 million and a net debt to adjusted EBITDA ratio of 3.3 times, with approximately 95% of its debt at fixed rates [14] - A second quarter dividend of $0.025 per share was paid, with a third quarter dividend declared at the same rate [14] Q&A Session Summary Question: Improvement in the transaction market - Management noted that the market is starting to open up with more opportunities across asset classes, although no specific deal profiles were highlighted [20] Question: Comparable leasing spreads - Management explained that while the leasing activity was strong, there were no major outliers affecting the spreads, leading to a slight decrease compared to previous quarters [21][22] Question: Below market lease expirations - Management indicated that growth is driven by market fundamentals rather than specific mark-to-market opportunities, with strong sales and foot traffic supporting performance [25][26] Question: Impact of Sam's Club TI on AFFO - Management clarified that the $20 million TI is considered non-recurring for AFFO calculations, as it is atypical and related to a long-term lease extension [30][56] Question: Legacy issues and future obligations - Management expressed confidence that they are fully reserved for legacy obligations and do not expect any material issues in the near term [42][43] Question: Competitive landscape in investment sales - Management acknowledged active competition in the market but emphasized their local knowledge and balance sheet strength as competitive advantages [46][47] Question: Same store growth dynamics - Management explained that while the first half of the year showed strong performance, the third quarter's growth may be impacted by strong results from the previous year [49] Question: Health of tenants - Management reported no signs of trouble among tenants, with strong customer traffic and sales trends observed [75] Question: Impact of tariffs on construction costs - Management noted that inflation has impacted construction costs, but they are taking measures to mitigate these risks [76]

Although the company's second quarter was mixed, investors were cheered by a convincing earnings beat.The stop lights were green for automotive technology company Garrett Motion (GTX 3.31%) on Thursday at least as far as its stock was concerned. Investors bid Garrett up by more than 3% that day, due mainly to its encouraging set of quarterly earnings figures. That rise was notably higher than that of the S&P 500 index, which crawled less than 0.1% higher.An accelerating bottom lineGarrett's second-quarter r ...

We're taking a look and uh it looks like it's about 3.1% billion. Went up a little bit or a lot. Uh so the 2.7% is now 3.1%.>> I'm not aware of that. >> Yeah, it just came out. >> Yeah.I haven't heard that from anybody at the Fed. >> It just came out. >> This came from us.>> Yes. I don't know who does that. >> You're including the Martin renovation.You just added >> our entire capital. You just you just added in a third building is what that is. That's a third building. >> It's a building that's being built ...

The European Commission's Approval of Zenrelia reinforces safety and efficacy and further expands opportunities to treat itchy dogs around the world Launch to begin immediately with product in market before the end of Q3 2025GREENFIELD, Ind., July 24, 2025 /PRNewswire/ -- Elanco Animal Health Incorporated (NYSE: ELAN) announced today that Zenrelia™ (ilunocitinib) has received approval by the European Commission.This approval by the EU reinforces Zenrelia's status as a highly effective, convenient, and safe ...

SkyWest (SKYW) Q2 2025 Earnings Call July 24, 2025 04:30 PM ET Company ParticipantsRobert Simmons - CFOEric Woodward - Chief Accounting OfficerRussell Childs - President, CEO & DirectorWade Steel - Chief Commercial OfficerHillary Cacanando - Director - Equity ResearchSavanthi Syth - Managing DirectorThomas Fitzgerald - VP - Equity ResearchDuane Pfennigwerth - Senior Managing Director - EquitiesCatherine O'Brien - Vice PresidentOperatorHello, and thank you for standing by. My name is Tiffany, and I will be y ...

Deckers Outdoor (DECK) Q1 2026 Earnings Call July 24, 2025 04:30 PM ET Speaker0Good afternoon and thank you for standing by. Welcome to the Deckers Brands First Quarter Fiscal twenty twenty six Earnings Conference Call. At this time, all participants are in a listen only mode. Following the presentation, we will conduct a question and answer session. Instructions will be provided at that time for you to queue up for questions.I would like to remind everyone that this conference call is being recorded. I'll ...