Core Viewpoint - Sandstorm Gold Ltd. is addressing voting recommendations from Institutional Shareholder Services Inc. (ISS) that miscalculated parameters related to proposed amendments to the Company's share-based compensation program, aiming to clarify and ensure accurate interpretation of these changes [1][2]. Summary by Sections Shareholder Proposals - ISS has recommended voting against three management proposals concerning the Company's Stock Option Plan and Restricted Share Plan, which were intended to align executive compensation with shareholder interests [2]. - The Company believes ISS's recommendations stem from a semantic misinterpretation of the proposed maximum limit of shares under the Share Plans [2]. Clarifying Amendments - The Clarifying Amendments state that, effective January 1, 2025, the total number of common shares issuable under the Share Plans will not exceed 6.0% of the total issued and outstanding shares [3]. - The previous proposal included a declining rate from 6.0% in 2025 to 5.5% in 2026 and 5.0% in 2027, which was misinterpreted as a cumulative limit rather than a non-cumulative declining rate [3]. Approval and Recommendations - The Toronto Stock Exchange and the Company's Board of Directors have conditionally approved the Clarifying Amendments, which are considered housekeeping in nature, thus not requiring shareholder approval at the upcoming Meeting [4]. - The Company advises shareholders to refer to the revised Share Plans filed on SEDAR+ for all matters related to the Share Plans and to disregard the versions in the Information Circular [4]. Additional Information - Shareholders can access the Information Circular and amended Share Plans through SEDAR+ or by contacting Investor Relations [5]. - Sandstorm Gold Royalties is a precious metals-focused royalty company with a portfolio of approximately 230 royalties, aiming to grow its low-cost production profile through additional acquisitions [7].

Financial Data and Key Metrics Changes - The company generated $58 million in consolidated revenue for Q1 2025, representing a 14% year-over-year increase [8][25] - Adjusted EBITDA for the quarter was $9 million, up from $7 million in the same period last year, reflecting a 38% increase [8][26] - The company reported a net loss of $3 million on a GAAP basis, while adjusted net income was $3 million [26] Business Line Data and Key Metrics Changes - Revenue in the core Wealth Management and Capital Solutions segment rose 23% year-over-year, driven by a 10% increase in assets under management and advisement [8][25] - The Wealth and Capital Solutions segment generated $57 million in revenue, contributing significantly to overall growth [25] - Adjusted EBITDA for the Wealth and Capital Solutions segment was $19 million, reflecting a 34% margin [27] Market Data and Key Metrics Changes - The company closed the acquisition of Kontoora, marking its entry into Germany, the world's third-largest ultra-high-net-worth market [6][11] - Total assets in the Wealth and Capital Solutions segments reached approximately $82 billion, including around $32 billion managed through the international platform [12] Company Strategy and Development Direction - The company aims to become the leading independent global multifamily office and OCIO platform, focusing on strategic acquisitions and organic growth [6][18] - A zero-based budgeting approach is being implemented to align costs with strategic priorities and enhance operational efficiency [7][20] - The company is exiting non-core businesses to streamline operations and focus on high-conviction opportunities [7][22] Management's Comments on Operating Environment and Future Outlook - Management noted that despite market volatility, portfolios remained resilient due to broad diversification across asset classes [17][18] - The company is optimistic about growth opportunities in Germany and the strong organic pipeline in the U.S. [39][40] - Management emphasized the importance of aligning investments with clients' values, highlighted by the launch of the Alti Global Social Progress Index [19][20] Other Important Information - The company ended the quarter with $52 million in cash and no debt, evaluating financing alternatives for future growth [29][30] - The company is advancing its marketing strategy with a focus on segmentation to better resonate with client needs [15][16] Q&A Session Summary Question: Can you discuss the zero-based budgeting efforts and provide a timeline for expected reductions? - Management indicated that the zero-based budgeting process is a line-by-line review across all segments, with implementation already underway [34][35] - More detailed quantification of cost savings is expected to be provided in August [36] Question: What are the expectations for growth in Germany and the M&A pipeline? - Management expressed optimism about the German market, highlighting the successful acquisition of Kontoora and ongoing client engagements [38][39] - The M&A pipeline includes both individual team lift-outs and organizations in various markets, with a strong organic growth pipeline as well [40] Question: Can you provide details on the real estate business and its near-term direction? - The company is divesting from its international real estate segment, focusing on core wealth management operations, with a definitive plan expected by the next call in August [44] Question: How is the company navigating market volatility and its impact on AUM? - Management remains relatively sanguine about market volatility, emphasizing a balanced asset approach and the ability to adapt to changing conditions [46][47]

Financial Data and Key Metrics Changes - The company reported non-GAAP adjusted cash operating expenses of $44.9 million for Q1 2025, an increase from $40.8 million in Q4 2024, driven by higher R&D and administrative costs [27][28]. - Capital expenditures for Q1 2025 were approximately $124 million, up from $86 million in Q4 2024, primarily for materials and launch contracts [28][29]. - The company ended Q1 2025 with $874.5 million in cash, a significant increase from $567.5 million at the end of Q4 2024, due to successful financing initiatives [34][35]. Business Line Data and Key Metrics Changes - The company plans to deploy over 60 satellites during 2025 and 2026, with five orbital launches scheduled over the next six to nine months [7][17]. - Gateway equipment bookings reached $13.6 million in Q1 2025, with expectations of approximately $10 million in bookings per quarter throughout 2025 [20]. Market Data and Key Metrics Changes - The company is focusing on key markets such as the United States, Europe, and Japan for initial service activation, leveraging partnerships with major mobile network operators [13][19]. - The company received special temporary authority from the FCC for FirstNet direct-to-device satellite connectivity, enhancing its service offerings for public safety [14][20]. Company Strategy and Development Direction - The company is at an inflection point, accelerating the launch and scaling of its network while beginning to recognize revenue from commercial and government contracts [6][17]. - The strategy includes a dual approach of utilizing low-band spectrum in partnership with MNOs and acquiring mid-band spectrum to enhance service capabilities [61][62]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position to execute at scale, citing strong demand for space-based cellular broadband connectivity [10][31]. - The company anticipates a revenue opportunity in 2025 ranging from $50 million to $75 million, contingent on successful satellite launches and gateway equipment sales [33]. Other Important Information - The company is working on non-dilutive financing options from quasi-governmental sources, with potential funding exceeding half a billion dollars [36]. - The company is also exploring an equipment loan facility of $50 million to $100 million to support manufacturing expansion [35]. Q&A Session Summary Question: Any further details to share on the Legato transaction? - The transaction involves acquiring usage rights for 45 megahertz of mid-band spectrum in the U.S., which is seen as crucial for enhancing service capabilities [39][40]. Question: What is the outlook for the defense use case? - Government demand for space-based solutions is surging, with several contract awards validating the technology and opening paths for revenue [42][43]. Question: Do you plan to submit any proposals for the $25 billion Golden Dome project? - The company believes its technology is well-positioned to contribute to national security goals outlined in the Golden Dome project [45][46]. Question: Are shareholders expected to be invited to future launches? - Shareholders will be invited to future launches, although the upcoming launch in India will not accommodate attendees [47]. Question: What are the short-term plans for Europe following recent communication outages? - The service aims to provide cellular broadband connectivity directly to devices, enhancing safety during emergencies [49][50]. Question: Can you give an update on the commercial launch in the U.S.? - A commercial service is expected to be available by early 2026, with ongoing discussions with carriers like AT&T and Verizon [96].

Financial Data and Key Metrics Changes - AlTi generated $58 million in consolidated revenue for Q1 2025, representing a 14% year-over-year increase [8][23] - Adjusted EBITDA for the quarter was $9 million, up from $7 million in the same period last year, reflecting a 38% increase [8][25] - The company reported a net loss of $3 million on a GAAP basis, while adjusted net income was $3 million [25] Business Line Data and Key Metrics Changes - Revenue in the core Wealth Management and Capital Solutions segment rose 23% year-over-year, driven by a 10% increase in assets under management and advisement [8][23] - The Wealth and Capital Solutions segment generated $57 million in revenue, contributing significantly to overall growth [23][24] - Adjusted EBITDA for the Wealth and Capital Solutions segment was $19 million, reflecting a 34% margin [26] Market Data and Key Metrics Changes - The acquisition of Kontoora marks AlTi's entry into Germany, the world's third-largest ultra-high-net-worth market, with total assets in the Wealth and Capital Solutions segments reaching approximately $82 billion [11][12] - The company secured approximately $240 million in commitments from international wealth clients through its new private credit program [10] Company Strategy and Development Direction - AlTi aims to become the leading independent global multifamily office and OCIO platform, focusing on strategic acquisitions and organic growth [6][30] - The company is advancing a resource optimization program through a zero-based budgeting approach to align costs with strategic priorities [7][19] - AlTi is exiting non-core businesses to streamline operations and focus on high-conviction opportunities [7][21] Management's Comments on Operating Environment and Future Outlook - Management noted that despite significant market volatility, portfolios remained resilient due to broad diversification across asset classes [16] - The company is focused on maintaining stable allocations and using market volatility to deploy capital as attractive opportunities arise [17] - Management expressed confidence in the long-term growth potential driven by strategic partnerships and a strong organic growth pipeline [22][39] Other Important Information - The company has launched the 2025 Alti Global Social Progress Index to help clients align investments with social impact [18] - AlTi ended the quarter with $52 million in cash and no debt, evaluating financing alternatives for future growth [28][29] Q&A Session Summary Question: Can you discuss the zero-based budgeting efforts and provide a timeline for expected reductions? - Management indicated that the zero-based budgeting process is a line-by-line review across all segments, with implementation already underway and more details to be provided later in the year [33][35] Question: What are the expectations for growth in Germany and the M&A pipeline? - Management highlighted the importance of the German market and the successful integration of Kontoora, noting a strong pipeline for both organic growth and potential acquisitions [36][38] Question: What is the status of the real estate business? - Management confirmed that they are divesting from non-core real estate operations and expect to provide a definitive plan by the next call [42][43] Question: How is the company navigating market volatility and its impact on AUM? - Management expressed a relatively calm outlook, emphasizing a focus on high-quality risk assets and the ability to adapt to changing market conditions [44][46]

Financial Data and Key Metrics Changes - In Q1 2025, non-GAAP adjusted cash operating expenses were $44.9 million, up from $40.8 million in Q4 2024, reflecting an increase of $4.1 million due to higher R&D and administrative costs [28][29] - Capital expenditures for Q1 2025 were approximately $124 million, compared to $86 million in Q4 2024, driven by costs related to satellite manufacturing and launch contracts [30] - The company ended Q1 2025 with $874.5 million in cash, a significant increase from $567.5 million at the end of Q4 2024, primarily due to funds raised from convertible notes and an ATM facility [36] Business Line Data and Key Metrics Changes - The company plans to deploy over 60 satellites during 2025 and 2026, with five orbital launches scheduled over the next six to nine months [6][16] - Gateway equipment bookings in Q1 2025 amounted to $13.6 million, with expectations of approximately $10 million in bookings per quarter throughout 2025 [20] Market Data and Key Metrics Changes - The company is focusing on key markets such as the United States, Europe, and Japan for initial service activation, leveraging partnerships with major mobile network operators [13][19] - The company received special temporary authority from the FCC for FirstNet Direct to device satellite connectivity, enhancing its service offerings for public safety [14] Company Strategy and Development Direction - The company is at an inflection point, accelerating the launch and scaling of its network while beginning to recognize revenue from satellite services [5][16] - The strategy includes a focus on vertical integration and rapid satellite manufacturing to meet the growing demand for space-based cellular broadband connectivity [8][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position to execute at scale, with expectations for revenue to ramp up towards the end of 2025 and into 2026, estimating a revenue opportunity of $50 million to $75 million for 2025 [34][38] - The management highlighted the importance of connectivity as a human right and the company's mission to provide reliable broadband services, especially in emergency situations [16][52] Other Important Information - The company is working on a strategic acquisition of spectrum rights, which is expected to enhance its service capabilities in the U.S. market [41][42] - The company is also exploring non-dilutive financing options to support its operational plans, including potential funding from quasi-governmental sources [37] Q&A Session Summary Question: Any further details to share on the Legato transaction? - The company is acquiring usage rights for 45 megahertz of mid-band spectrum in the U.S., which is seen as crucial for enhancing service capabilities [41][42] Question: What is the outlook for the defense use case? - Government demand for space-based solutions is increasing, and the company has secured several contracts that validate its technology and open paths for revenue [44][45] Question: Do you plan to submit any proposals for the announced $25 billion Golden Dome project? - The company believes its technology can significantly contribute to the goals outlined in the Golden Dome project [46][47] Question: Are shareholders expected to be invited to future launches this fall? - The company plans to invite shareholders to future launches, although the upcoming launch in July will not include invitations due to logistical reasons [48][49] Question: What are the short-term plans for Europe following recent communication outages? - The company aims to provide cellular broadband connectivity directly to devices, enhancing safety during emergencies, and is working with Vodafone for service distribution in Europe [50][52] Question: Can you discuss the nature of the higher launch costs? - Higher launch costs are attributed to increased demand for rapid service deployment and tariff impacts on materials, but the company remains focused on expediting satellite launches [55][56] Question: How does the spectrum strategy impact MNO agreements? - The company maintains a focus on user experience while enhancing service capabilities through a combination of low-band and mid-band spectrum [66][67] Question: What is the status of beta tests with carrier partners? - Initial activations have begun in the U.S., Europe, and Japan, with successful video capabilities demonstrated, indicating readiness for broader service offerings [72][73] Question: When might we see a commercial launch in the U.S.? - A commercial service is expected to be available by early 2026, with ongoing discussions for agreements with major carriers [92][93]

OptimizeRx (OPRX) Q1 2025 Earnings Call May 12, 2025 04:30 PM ET Company Participants Steve Silvestro - CEOEdward Stelmakh - CFO & COORyan Daniels - Group Head–Healthcare Technology and ServicesAndrew D’silva - SVP - Corporate FinanceDavid Grossman - Managing DirectorMax Michaelis - Equity Research AssociateConstantine Davides - Managing DirectorJeff Garro - Managing Director Conference Call Participants Richard Baldry - MD & Senior Research Analyst Operator Good afternoon, everyone, and thank you for joini ...

Company to share in vivo preclinical data demonstrating the successful use of targeted lipid nanoparticles to deliver HBG1/2 promoter editing cargo to hematopoietic stem and progenitor cells (HSPCs) at ASGCT this week Company will also share in vivo preclinical proof of concept to upregulate expression of a target liver protein to meaningfully reduce a common disease-associated biomarker at ASGCT this week and TIDES next week Remains on track to declare two in vivo gene editing development candidates via ge ...

Core Insights - Beam Therapeutics has received FDA's Regenerative Medicine Advanced Therapy (RMAT) designation for BEAM-302, a treatment targeting alpha-1 antitrypsin deficiency (AATD) [1][2] - The RMAT designation highlights the potential of BEAM-302 as a transformative one-time treatment for AATD, which currently lacks effective therapies [2][3] - Initial Phase 1/2 trial results indicate BEAM-302 is well tolerated and shows durable, dose-dependent correction of the disease-causing mutation [3] Company Overview - Beam Therapeutics is focused on precision genetic medicines, utilizing base editing technology to develop therapies [8] - The company aims to provide life-long cures for serious diseases through its integrated gene editing and delivery platform [8] Product Details - BEAM-302 is a liver-targeting lipid-nanoparticle formulation designed to correct the PiZ mutation associated with severe AATD [4] - The treatment aims to reduce toxic protein aggregation in the liver and increase therapeutic levels of corrected protein in circulation [4] Disease Context - AATD is an inherited disorder leading to early onset emphysema and liver disease, primarily caused by the PiZ mutation in the SERPINA1 gene [5][6] - Approximately 100,000 individuals in the U.S. are estimated to have the PiZZ genotype, with only about 10% diagnosed [7] - Current treatments, such as intravenous AAT protein replacement, do not prevent lung function decline [7]

Industry Overview - The staffing industry is crucial to the global economy, connecting businesses with necessary talent for growth and innovation [1] - The industry includes services such as temporary placements, executive searches, workforce consulting, and outsourcing [1] Emerging Trends - By 2025, the staffing industry is expected to evolve with trends like AI and automation improving recruitment processes and candidate matching accuracy [2] - There is a shift towards skills-based hiring, moving away from strict educational requirements to focus on practical competencies [2] - Flexible work models, including remote and hybrid arrangements, are becoming standard, prompting staffing firms to adapt their strategies [2] Market Demand - The job market is evolving due to technological advancements and changing workforce dynamics, leading to increased demand for staffing firms [3] - Businesses are seeking agile workforce solutions, making staffing companies attractive investment opportunities [3] Market Projections - The global staffing industry is projected to reach $650 billion by 2025, reflecting a 5% growth from the previous year [4] - Factors driving this growth include labor shortages, the gig economy, and digital transformation in recruitment processes [4] Investment Opportunities - The growth of the staffing sector presents compelling investment opportunities, with companies like TriNet Group, Upwork, and Paylocity gaining traction [5] - Advanced tools are available to identify stocks that can capitalize on the hiring boom in this high-growth industry [6] Company Highlights: TriNet Group - TriNet offers end-to-end HR solutions tailored for small and medium-sized businesses, managing payroll, benefits, risk mitigation, and compliance [7] - The company provides premium employee benefits through a co-employment model, enhancing employee satisfaction and attracting top talent [8] - TriNet's cloud-based HR platform supports recruiting, onboarding, performance tracking, and workforce analytics, enabling data-driven decisions [9] Company Highlights: Upwork - Upwork connects businesses with freelancers, allowing access to specialized skills for both short-term and long-term projects [10] - The platform's cost-effective model reduces overhead expenses associated with traditional hiring, optimizing resource allocation [11] - Upwork streamlines the hiring process with advanced search filters and communication tools, facilitating quick onboarding and collaboration [12] Company Highlights: Paylocity - Paylocity offers AI-powered solutions that streamline HR processes and enhance workforce management through a unified cloud-based platform [13] - The AI Assistant provides real-time support, while predictive scheduling and personalized learning recommendations enhance decision-making [14] - Paylocity emphasizes employee experience with tools for feedback and recognition, catering to a modern, distributed workforce [15]

Financial Data and Key Metrics Changes - Seadrill reported total operating revenues of $335 million for Q1 2025, an increase of $46 million from the prior quarter [24] - Adjusted EBITDA was $73 million, up from $28 million in the previous quarter [26] - Economic utilization for the quarter was 84%, impacted by downtime in three rigs in Brazil [7][8] Business Line Data and Key Metrics Changes - Contract drilling revenues increased by $44 million sequentially to $248 million due to additional operating days [24] - Total operating expenses decreased to $317 million from $323 million in the prior quarter [25] - Vessel and rig operating expenses rose by $15 million to $179 million due to additional operating days across the fleet [25] Market Data and Key Metrics Changes - Global macro uncertainty and OPEC's decision to increase supply are affecting commodity prices and client investment confidence [8][9] - The U.S. Gulf is expected to see increased competition with up to five rigs rolling off contract before year-end, exerting downward pressure on rates in 2025 [16] - Demand in Africa is projected to decline by two to four rigs in 2025 before rebounding in 2027 and beyond [18] Company Strategy and Development Direction - Seadrill focuses on high specification floaters and deepwater basins, believing that deepwater investments are compelling due to expansive reserves [11][29] - The company aims to prioritize margins and cash flow over utilization for long-term value creation [12][29] - Seadrill maintains a robust balance sheet with $430 million in cash and a backlog of $2.8 billion extending through 2028 and into 2029 [12][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in future demand for deepwater drilling despite current market volatility [10][29] - Active dialogues with clients for opportunities in the second half of 2025 and 2026 are ongoing, with expectations for multiple contract awards [9][29] - The company is optimistic about the longevity of demand in Brazil, with Petrobras issuing a multiyear tender for rigs [19][20] Other Important Information - Seadrill is participating in voluntary mediation with Petrobras regarding delayed penalty notices [13] - The company has undertaken an initial review of the impact of tariffs, believing any impact is already reflected in current guidance [28] Q&A Session Summary Question: Shift in client interest towards performance-based contracts - Management noted that performance-based contracts are not new and they are open to larger performance-based contracts for the right clients [34][36] Question: Costs associated with stacking the Capella - Management indicated they are in a ramp-down mode and have not reached a long-term cold stacking rate yet [38] Question: Decision process for stacking versus keeping a rig warm - Management emphasized the importance of being decisive and disciplined about removing supply from the market when necessary [41] Question: Confidence in securing contracts for the second half of 2025 - Management expressed confidence in their contracting outlook, noting that they have not moved to cold stack certain rigs, indicating ongoing market opportunities [61] Question: Need to compete on price - Management stated that performance still matters significantly and they have historically been able to secure leading edge day rates [63][65]