Core Insights - NextNRG Inc. is a leader in AI-driven energy innovation, focusing on transforming energy production, management, and delivery [1][3] - The company will present at the ThinkEquity Conference on October 30, 2025, highlighting its advancements in energy technology [1] Company Overview - NextNRG integrates artificial intelligence (AI) and machine learning (ML) into utility infrastructure, battery storage, wireless EV charging, renewable energy, and mobile fuel delivery [3] - The company's strategy revolves around the Next Utility Operating System®, which optimizes infrastructure across microgrids, utilities, and fleet operations [4] - NextNRG's smart microgrids cater to various sectors, including commercial, healthcare, education, tribal, and government, providing cost savings, reliability, and decarbonization [4] Innovations and Services - NextNRG operates one of the largest on-demand fueling fleets in the nation and is advancing wireless charging technology to support fleet electrification [4]

Q3 2025 Financial Highlights - Total bookings reached $1.2 billion, a 1% increase[8] - Sales amounted to $1.2 billion, reflecting a 4% growth[8] - Adjusted gross margins improved to 34.8%, up by 240 basis points[8] - Adjusted EPS increased significantly to $0.90, a 45% rise[8] - Cash from operations totaled $402 million[8] - Adjusted operating margins reached 14.8%, an increase of 370 basis points[8] Bookings Overview - Original Equipment bookings were $560 million in Q3 2025 compared to $589 million in Q3 2024[13] - Aftermarket bookings increased to $653 million in Q3 2025 compared to $615 million in Q3 2024[13] - Power market bookings grew by 23%, while Chemical bookings increased by 18%[13] - Energy market bookings decreased by 19%[13] Nuclear Market Opportunity - The nuclear flow control opportunity is estimated to be over $10 billion in the next decade[25] - New large reactor projects represent an opportunity of over $100 million per reactor, while new SMR projects offer $20-80 million per reactor[26] - Recurring annual revenue from the global installed base is approximately $100 million[26] Full-Year 2025 Guidance - Total sales growth is projected to be up 4%-5%[46] - Adjusted EPS is expected to be in the range of $3.40-$3.50[46]

OCTOBER 29, 2025 Q3 2025 Financial Results Forward-looking Statements 2 This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include but are not limited to statements relating to: our financial guidance for the fourth quarter of 2025 and underlying assumptions; the impact of AI, ML, and LLMs; the impact of agentic search and our partnership with OpenAI; our product development investments, strategic priorities, and marketing init ...

Core Insights - Amazon has established one of the largest operational AI data centers in the world, named Project Rainier, located in New Carlisle, Indiana, covering 1,200 acres with plans for 30 buildings [1][2][8] - The project represents an $11 billion investment and is already operational, focusing on training AI models using Amazon's custom chips, Trainium [2][3][8] - Amazon's rapid development of the Rainier complex is attributed to its extensive experience in logistics and strong relationships with local officials, enabling quick setup of AI infrastructure [5][6][9] Investment and Market Dynamics - Amazon and its competitors have collectively pledged over $1 trillion towards AI data center projects, indicating a significant market push despite skepticism regarding feasibility [2] - OpenAI has committed to 33 gigawatts of new compute capacity, representing $1.4 trillion in obligations, highlighting the competitive landscape in AI infrastructure [4] Technological Advancements - The Rainier complex is designed to run models from Anthropic, a key AI partner, and is currently utilizing around 500,000 Trainium chips, with expectations to double that number by year-end [13][14] - Trainium 3, developed in collaboration with Anthropic, is set to launch soon, aimed at enhancing performance and efficiency for frontier AI models [15][17] Operational Insights - The construction of the Rainier site began in September 2022, with seven buildings already operational and two more under construction, showcasing Amazon's ability to adapt its facility design for faster deployment [8][9] - The site is expected to draw over 2.2 gigawatts of electricity, sufficient to power more than 1.6 million homes, reflecting the scale of the operation [8][12] Competitive Landscape - Anthropic, a significant player in the AI space, has seen its annual revenue run rate approach $7 billion, with a rapid increase in enterprise customers [18] - The company has also partnered with Alphabet for access to Google's TPUs, indicating a multi-cloud strategy to meet growing demand [19][20]

Core Insights - Dubai Electricity and Water Authority (DEWA) subsidiary InfraX has signed a memorandum of understanding with Hikvision to jointly develop AI and machine learning-based smart video solutions [1] - The project focuses on smart video management systems aimed at enhancing infrastructure security and operational efficiency [1] - This collaboration will promote the development of smart cities and the upgrade of digital infrastructure in the UAE [1]

Core Insights - The Thermo Fisher Scientific Junior Innovators Challenge (Thermo Fisher JIC) is a prominent STEM competition for middle school students, with a focus on inspiring young talent in science, technology, engineering, and mathematics [1][3][9] Group 1: Competition Overview - The competition reached 60,000 middle school students across the U.S., with 30 finalists selected from nearly 2,000 applicants from 48 states and territories [3] - The top prize, the $25,000 Thermo Fisher Scientific ASCEND Award, was awarded to Miles Wu for his innovative research on origami-inspired engineering [1][2] - The finalists collectively received over $100,000 in awards during the ceremony [3] Group 2: Research Highlights - Miles Wu's project involved testing 54 variations of the Miura-ori fold, demonstrating that designs with smaller panels and steeper angles could support over 9,000 times their own weight, with potential applications in disaster relief [2] - Other notable projects included Akhil Nagori's development of glasses that translate text to speech for visually impaired students, and Peter Fernández Dulay's examination of AI biases in science [5][6] Group 3: Awards and Recognition - In addition to the top prizes, first-place winners in each STEM category received $3,500, while second-place winners received $2,500 to support STEM summer camp experiences [11] - The Team Award recognized a group for their collaborative problem-solving skills, with each member receiving a $200 gift card for science supplies [12] Group 4: Organizational Commitment - Thermo Fisher Scientific's sponsorship of the Junior Innovators Challenge reflects its commitment to broadening access to STEM education, with significant investments in school-based programs and employee volunteer efforts [9][10] - The Society for Science, which organizes the competition, aims to promote understanding and appreciation of science, ensuring opportunities for students to pursue STEM careers [14][15]

Innovation & Technological Advancement - The US has a history of innovation, from the transistor at Bell Labs to the rise of Silicon Valley [1] - IBM's System 360, Intel's microprocessor, and Cray's supercomputers propelled industry and science forward [2] - Apple personalized computing, and Microsoft introduced a new world of software [2][3] - US government researchers created ARPANET, the foundation for the internet [3] Artificial Intelligence (AI) Revolution - AI is described as a revolutionary new computing model and the next industrial revolution [4][5] - NVIDIA GPUs, invented in America, are at the heart of the AI revolution [5] - AI is considered essential infrastructure, like electricity and the internet, for every company and nation [5] Future Aspirations & Global Competition - Winning the AI competition is likened to the space age challenge [6] - AI factories are being built in America for scientists, engineers, and dreamers [6] - The US aims to reach new heights as a civilization through AI, extending humanity's reach to the stars [6][7] - American innovators are paving the way for abundance, saving lives, and shaping the future with AI, with the goal of powering it all with unlimited clean energy [7]

Core Insights - Alphabet (GOOGL) is a dominant player in the digital advertising market, while Snap (SNAP) is a smaller competitor. Both companies are expected to benefit from the increasing digital advertising spending, projected to account for 82.2% of total spending by 2030 [1] Group 1: Alphabet's Strengths - Alphabet's advertising revenues are bolstered by strong performance in search and YouTube, with Google holding over 90% market share in search [2] - The integration of AI in Alphabet's services enhances user experience and ad performance, with features like Circle to Search active on over 300 million devices [3] - AI-driven features in Google Search are leading to deeper user engagement, with queries being twice as long as traditional searches, and the AI Mode now available in over 200 countries [4] - YouTube's AI enhancements are improving recommendations and audience reach, with over 1 billion conversions driven by YouTube ads viewed on CTV screens in the past year [5] Group 2: Snap's Developments - Snap's advertising platform is evolving, with commerce-driven ad volume growing 39% year over year in Q2 2025, and new ad formats improving conversion rates [6] - The user base for Snap continues to grow, reaching 469 million Daily Active Users, an increase of 8.6% year over year [7] - Premium experiences, such as Snapchat+, are driving engagement, with the subscriber base nearing 16 million [8] Group 3: Comparative Performance - Alphabet's stock has increased by 61.5% year to date, while Snap's stock has decreased by 26.1% in the same period [9][13] - Earnings estimates for GOOGL show a projected increase of 23.4% from 2024, while SNAP's estimates remain steady with a 10.3% growth [11][12] - Valuation metrics indicate that both companies are overvalued, with GOOGL trading at a forward price/sales ratio of 8.81X compared to Snap's 2.08X [17] Group 4: Market Positioning - Alphabet is positioned strongly in the search and YouTube markets, benefiting from the growing adoption of new features [20] - Snap faces significant competition, leading to challenges in user retention and engagement [10]

Industry Overview - The global cancer treatment market is undergoing a transformative phase due to rising cancer incidence and rapid scientific advancements, with the U.S. projected to report 2.04 million new cancer cases and over 618,000 deaths in 2025 [1] - An aging population and lifestyle-related risks are increasing global cancer prevalence, leading to higher oncology spending by healthcare systems [1] Innovation in Cancer Treatment - Advances in immunotherapies, targeted drugs, and personalized vaccines are expanding treatment options beyond traditional chemotherapy and radiation [2] - Immune-based approaches, such as checkpoint inhibitors and CAR-T therapies, enhance the body's defenses against tumors, while targeted therapies focus on specific genetic mutations to improve precision and reduce side effects [2] - Emerging technologies like genomic sequencing, AI, and machine learning are accelerating biomarker discovery and improving early detection, contributing to better survival rates and quality of life across many cancer types [3] Pharmaceutical Investment - Major pharmaceutical companies, including Novartis, AstraZeneca, Johnson & Johnson, Pfizer, AbbVie, Merck, Bristol Myers Squibb, and Eli Lilly, are aggressively investing in new oncology pipelines, including antibody-drug conjugates and next-generation immuno-oncology agents [4] - Smaller biotech firms are key sources of innovation, driving collaborations, licensing deals, and acquisitions as larger companies seek novel assets [4] Investment Opportunities - The oncology segment is positioned as one of the most attractive and resilient areas for long-term investors due to continued innovation and favorable reimbursement trends [5] - Stocks such as Relay Therapeutics, Fate Therapeutics, and Verastem Oncology are highlighted as potential investment opportunities in the rising cancer treatment trend [6] Company Highlights - **Relay Therapeutics** is developing RLY-2608, a mutant-selective PI3Kα inhibitor, showing potential benefits in clinical studies for advanced breast cancer [7][8] - **Fate Therapeutics** focuses on universal, off-the-shelf cell products and is co-developing FT825/ONO-8250, a CAR T-cell product candidate, with promising safety profiles in early studies [9][10][11] - **Verastem Oncology** received FDA approval for its combination regimen of avutometinib and defactinib for treating KRAS mutant recurrent low-grade serous ovarian cancer, generating $2.1 million in sales shortly after launch [12][13]

Financial Data and Key Metrics Changes - Revenue grew by 8% year over year on a reported basis and 9% year over year, excluding the impact of the exit from Germany [26][30] - Adjusted EBITDA increased by more than 70% year over year, with a margin of 6.7%, marking the highest level achieved outside of the pandemic period [5][30] - Contribution margin improved to 15.8%, up 150 basis points year over year, the best result since 2021 [27][30] - Free cash flow improved by more than $100 million compared to the third quarter of last year, reaching $93 million [30] Business Line Data and Key Metrics Changes - U.S. business revenue increased by 9% year over year, while international revenue grew by 5% [26] - Active customers saw sequential growth for the first time since 2023, with orders growing over 5% year over year [7][30] - Average Order Value (AOV) was up roughly 2%, driven by a mix shift towards higher-end brands and B2B [7] Market Data and Key Metrics Changes - The category has moved past a multi-year trend of double-digit declines, inching closer to flat over the course of 2025 [6] - Existing home sales remain at multi-decade lows, but the housing market is expected to improve over time [6][62] Company Strategy and Development Direction - The company is focused on driving profitable growth through market share capture, improving financial strength, and investing in long-term business moats [36][25] - The strategy includes leveraging technology advancements, such as AI and machine learning, to enhance customer experience and operational efficiency [10][12] - The company aims to integrate its catalog into leading AI platforms for seamless transactions, enhancing its competitive position in the market [24][25] Management's Comments on Operating Environment and Future Outlook - Management noted that the current operating environment remains challenging, but the company is not reliant on a recovery in the housing market for growth [6][62] - The company anticipates continued top and bottom line growth, with EBITDA growth expected to outpace revenue growth in 2026 [42][45] - Management expressed confidence in the company's ability to capture market share and drive profitability through ongoing investments in technology and customer experience [62] Other Important Information - The company has completed a significant technology replatforming effort, which is expected to drive future growth and innovation [10][45] - The company is actively working on enhancing its product catalog and customer service through AI-driven solutions [19][20] Q&A Session Summary Question: How is the company anticipating consumer behavior for the holiday season? - Management indicated that they do not expect significant changes in consumer behavior due to tariffs and believe holiday shopping will follow a similar seasonal cadence as in previous years [39][40] Question: What are the expectations for 2026 regarding share gains and gross margin? - Management expects EBITDA growth to outpace revenue growth in 2026, driven by continued investment in core business initiatives and technology improvements [42][45] Question: Is the company at an inflection point for growth? - Management expressed optimism about ongoing share gains and believes the company is well-positioned for future growth, despite the broader industry context [49][51] Question: How has the advertising landscape changed with Amazon's recent actions? - Management noted that Amazon's advertising changes did not significantly impact the company, as it already holds a strong position in its specialized market [64][66] Question: What drove revenue acceleration in the later part of the quarter? - Management attributed revenue growth to structural business initiatives rather than pull forward effects, with strength noted in higher-end brands [70][72]