FIRST QUARTER 2025 EARNINGS May 1, 2025 © 2025 Hayward Holdings, Inc. FIRST QUARTER 2025 EARNINGS CALL KEVIN HOLLERAN President and Chief Executive Officer EIFION JONES Senior Vice President and Chief Financial Officer KEVIN MACZKA Vice President of Investor Relations and FP&A NYSE: HAYW 2 © 2025 Hayward Holdings, Inc. Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements © 2025 Hayward Holdings, Inc. 3 Key Messages Q1 2025 results ahead of expectations; net sales up 8% YoY C ...

China TransInfo Technology (002373.SZ) Quick Take: Mixed 1Q25 Print – Op. Profit Miss but Earnings Beat on Investment Income CITI'S TAKE Flash | Transinfo reported 1Q25 results with 1Q25 revenue edging up 2% YoY to Rmb1.6bn, 18% ahead BBGe, and 1Q25 GM expanded 0.6ppts YoY to 29.7%, 4.6ppts below BBGe. 1Q25 opex stood at Rmb555mn (flat YoY), 34% higher than BBGe, thus the 1Q25 operating loss came in at Rmb77mn. Helped by the gain from a fair value change in investment of Rmb302mn, 1Q25 net profit was Rmb221 ...

Core Viewpoint - LogicMark, Inc. has announced changes to its Board committee assignments to enhance its strategic direction and operational effectiveness in the care economy [1][2]. Board Committee Assignments - The Board consists of four independent non-executive directors and the CEO, totaling five directors [2]. - Carine Schneider has been appointed as Board Chair and remains on the Compensation Committee, bringing experience from B2B companies and capital markets [3]. - John Pettitt has been appointed Chair of the Nominating and Corporate Governance Committee while continuing on the Audit and Compensation Committees, with a background in technology and entrepreneurship [4]. - Robert Curtis has been named Chair of the Compensation Committee and continues on the Audit Committee, with over 30 years of experience in life sciences and strategic advisory roles [5]. - Barbara Gutierrez remains Chair of the Audit Committee and is the Board's designated financial expert, with extensive experience in leading IPOs and financing in healthcare and technology [6]. - Chia-Lin Simmons, the CEO, continues to lead daily operations and does not serve on Board committees, aligning with governance best practices [7]. Strategic Focus and Innovation - Carine Schneider emphasized the company's commitment to innovation, highlighting the strategic focus on AI and machine learning, and the launch of new solutions like the Freedom Alert Max and the Aster App [8]. - LogicMark holds a growing patent portfolio comprising 37 patents, with 23 issued and 17 filed since 2021, reflecting its dedication to technological advancement [8]. - The company aims to redefine customer experience and strengthen its position in the care economy, positioning itself for future growth in connected care [8]. Company Overview - LogicMark, Inc. is dedicated to enabling individuals to lead dignified and independent lives through its personal emergency response systems and health communication devices [9]. - The company is focused on building a 'Care Village' with proprietary technology and innovative solutions tailored for the care economy [10]. - LogicMark's products are distributed through various channels, including the U.S. Veterans Health Administration and a contract with the U.S. General Services Administration for government distribution [10].

Core Insights - Vislink Technologies has joined Ericsson's Enterprise Wireless Solutions Industry 4.0 Partner Program to enhance 5G and LTE network solutions for private cellular networks, targeting broadcasters, media companies, and enterprises [1][4] - The partnership aims to provide secure, ultra-low latency video transmission, improving live production workflows and extending coverage beyond traditional RF limits [4][5] Company Overview - Vislink Technologies is a global leader in advanced wireless video solutions, focusing on live broadcast, public safety, and defense applications, with over 50 years of experience in video communications [2][6] - The company specializes in high-performance video transmission systems that enhance situational awareness, audience engagement, and operational efficiency [2] Partnership Significance - The collaboration with Ericsson is seen as a major milestone in advancing real-time wireless live video transmission over 5G, with Vislink's DragonFly V 5G and LiveLink transmitters now certified for Ericsson's private 5G network solution [3] - This partnership is expected to enable organizations to innovate and grow without constraints, leveraging private networking and coverage extension solutions [3][5] Industry Impact - Members of Ericsson's Industry 4.0 Partner Program, including Vislink, are recognized for their investment in technologies that optimize cellular connectivity performance and coverage [4] - The collaboration is set to pave the way for future economic growth and a more connected world by enabling automation, AI, and IoT across multiple industries [5]

Core Insights - Vislink Technologies, Inc. has joined Ericsson's Enterprise Wireless Solutions Industry 4.0 Partner Program to provide advanced 5G and LTE network solutions for private cellular networks, enhancing opportunities for broadcasters and enterprises [1][4]. Company Overview - Vislink is a global leader in advanced wireless video solutions, focusing on live broadcast, public safety, and defense applications, delivering high-performance video transmission systems [2][6]. - The company has over 50 years of heritage in video communications, enabling seamless and secure live video capture and sharing even in challenging conditions [6]. Partnership Significance - The partnership with Ericsson is a major milestone for Vislink, allowing the use of their DragonFly V 5G and LiveLink transmitters certified for Ericsson's private 5G network, enhancing reliability, security, and mobility for live video workflows [3]. - Ericsson's Enterprise Wireless Solutions provide organizations with the ability to innovate and grow without constraints, ensuring flexibility and security in public and private 5G networks [3][5]. Industry Impact - The collaboration aims to optimize connectivity performance and coverage, enabling seamless, secure, and ultra-low-latency video transmission over private 5G networks, which enhances live production workflows and real-time video streaming capabilities [4]. - The partnership is expected to set new standards for innovation and sustainability across multiple industries, leveraging technologies such as automation, AI, and IoT [5].

Core Insights - LogicMark, Inc. has achieved a significant milestone with the approval of its Freedom Alert Max medical alert device for procurement through the U.S. General Services Administration (GSA), allowing agencies like the Veterans Administration to distribute it to communities [1][2] - The Freedom Alert Max enhances LogicMark's federal portfolio, joining the Freedom Alert Mini on a selective list of government-approved health technologies for aging adults [2] - LogicMark has been an approved vendor for the U.S. government for over 17 years, fostering strong relationships with key agencies such as the Veterans Health Administration [3] Product Features - The Freedom Alert Max is designed to provide 24/7 reassurance with monitored medical alert capabilities, integrating features like AI-powered fall detection, customizable geofencing, and cellular communication technology [4][7] - The device offers advanced mobile connectivity through 4G LTE, ensuring instant communication and includes emergency video capabilities for critical situations [7] - It also provides real-time caregiver alerts, unlimited non-emergency calls, and a pre-programmed connection to the Crisis and Suicide Lifeline for immediate mental health support [7] Market Position - LogicMark aims to empower individuals of all ages to live with dignity and independence, focusing on creating a Connected Care Platform through innovative personal safety devices and technologies [6] - The company is dedicated to building a 'Care Village' with proprietary technology, addressing the growing needs of the personal care and safety economy [6]

Core Insights - WISeSat.Space has established a new subsidiary, WISeSat España, in La Línea de la Concepción, Andalusia, to spearhead European space projects and create a fully European solution aligned with the IRIS² strategy [1][4][6] Group 1: Strategic Location and Initiatives - La Línea de la Concepción is chosen for its geostrategic position between Europe and Africa, aiming to become a hub for technological innovation [2] - WISeSat España will be a foundational element of the LL4GIR.COM initiative, which seeks to create a Center for the Fourth Industrial Revolution in southern Europe, focusing on AI, quantum computing, blockchain, IoT, and space connectivity [3] Group 2: Technological Sovereignty and Innovation - The subsidiary aims to establish a 100% European space value chain, emphasizing technological sovereignty, security, sustainability, and autonomous access to space [4] - The proposed model promotes decentralized innovation, creating a network of European technological nodes that prioritize transparency, interoperability, resilience, and sovereign control [5] Group 3: Partnerships and Collaborations - WISeSat is collaborating with FOSSA Systems for manufacturing secure nanosatellites and with PLD Space for launching satellites, with the first launch scheduled for early 2026 [7] - Strategic partnerships with QuantixS and SEALSQ focus on developing post-quantum processors for ultra-secure communications [7] Group 4: Operational Developments - A satellite antenna has been installed in La Línea's City Hall, enabling direct connections with WISeSat satellites in orbit [7] - The company is integrating WISeTalkie radio communication technology to enhance security in communications [7] Group 5: Future Innovations - By the end of 2025, WISeSat satellites will facilitate transactions using SEALCOIN tokens, creating a secure mesh network for machine-to-machine transactions [10] - The KYO protocol will ensure reliable identity and accountability within the ecosystem [10] Group 6: Invitation for Collaboration - WISeSat España is inviting governments, universities, R&D centers, investors, and technology companies to collaborate in building a new paradigm of smart economic development [12]

Core Viewpoint - Wang and Lee Group, Inc. has announced a strategic investment in TROOPS, Inc. to integrate AI-driven advertising media, smart home devices, and blockchain-powered token rewards into TROOPS' infrastructure, aiming to create synergies and enhance user engagement [1][2][3] Investment Details - The investment will allow Wang and Lee to deploy its AI-driven digital advertising platforms and IoT-enabled smart home solutions across TROOPS' potential 200-building portfolio, reaching a vast number of tenants and visitors [2] - The partnership includes the introduction of an ESG-aligned token rewards ecosystem, where users can earn redeemable tokens for engaging with the technologies [2][8] Strategic Vision - The collaboration aims to leverage TROOPS' established real estate footprint to accelerate the adoption of smart technologies and create a seamless ecosystem [3] - The CEO of Wang and Lee emphasized that this investment is a transformative step towards building smarter, more sustainable communities [3] ESG and Market Growth - The partnership aligns with global ESG priorities by promoting energy-efficient technologies and financially empowering users through tokenized rewards [4] - Wang and Lee anticipates increased demand for its smart devices and advertising services as TROOPS' buildings become innovation hubs [4] Company Background - Wang and Lee Group, Inc. is a Hong Kong-based construction prime and subcontractor specializing in the installation of Electrical & Mechanical Systems, including low voltage electrical systems and mechanical ventilation [6]

Financial Data and Key Metrics Changes - Total revenue for 2024 increased by 7.1% year-over-year to $91.6 million, with net income of $4.6 million and net cash flow from operations of $9.2 million, representing a significant 41.2% increase from the previous year [8][34]. - Total revenue for the fourth quarter was $26 million, a 19.5% increase from $21.7 million in Q4 2023 [29]. - Overall gross margin was 48.4% in 2024, stable compared to 49% in 2023 [33]. Business Line Data and Key Metrics Changes - Revenue from data connectivity services for 2024 was $47.6 million, up 1.9% from $46.6 million in 2023, with international data connectivity service revenue rising to $39.5 million [32]. - Revenue from service in Q4 2024 was $15 million, representing an increase of 0.6% from $14.9 million in Q4 2023 [29]. - Average daily active terminals in Q4 were 308,386, with 54.3% from international data connectivity and 45.7% from local data connectivity [27]. Market Data and Key Metrics Changes - In Q4 2024, Japan contributed 53.6% to total revenue, while Mainland China contributed 20%, North America 12.1%, and other regions 14.3% [30]. - Revenue from Mainland China increased by 97.4% year-over-year, indicating strong adoption of international data connectivity solutions among Chinese consumers [9]. Company Strategy and Development Direction - The company is expanding its GlocalMe ecosystem and leveraging AI to enhance operational efficiency and user experience [11]. - New product launches, including PetPhone and CloudSIM Kit, are aimed at tapping into emerging markets and enhancing connectivity solutions [12][14]. - The company aims to build an integrated global mobile data traffic sharing marketplace, creating long-term sustainable value for shareholders [24]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of international travel, projecting a growth of 10% to 20% in 2025 due to increased travel activity [65]. - The company anticipates total revenue for 2025 to be between $95 million and $130 million, driven by both new business lines and recovery in international travel [24][66]. - Management highlighted the importance of investments in marketing and branding to support long-term growth and user acquisition [72][74]. Other Important Information - The company received approval for pilot operations of value-added telecommunication services in China, which is expected to enhance its domestic market presence [12][77]. - The company has a diversified user base and is actively negotiating partnerships to expand its retail channels [21][22]. Q&A Session Summary Question: What is the benefit of the PetPhone? - The PetPhone allows pets to communicate their needs to owners, enhancing interaction and creating a pet community [39][41]. Question: Will the PetPhone have the biggest impact in 2025? - Management believes the PetPhone will significantly impact the market due to its unique features and the attention it garnered at MWC 2025 [46][47]. Question: What assumptions were made about international travel in the revenue forecast? - The guidance for 2025 includes a recovery in international travel, contributing to expected revenue growth [65]. Question: Can you elaborate on trends in the cost structure? - Increased sales and marketing expenses were due to investments in new business initiatives, which are expected to yield returns in 2025 [70][72]. Question: What were the key drivers of revenue growth from Mainland China last year? - The growth was primarily driven by the increase in Chinese outbound travelers using the company's services, supported by strong branding [76][79].

Core Insights - Ceva, Inc. has announced the development of the ASUKA System-on-Chip (SoC) for Beyond 5G (6G) IoT terminals in collaboration with Sharp Semiconductor Innovation Corporation, utilizing the Ceva-PentaG2 5G platform IP [1][2][3] - The ASUKA SoC aims to provide a customizable alternative to traditional 5G SoCs, promoting accessibility and flexibility in cellular IoT communications [2][3] - The Ceva-PentaG2 platform is designed for lower-throughput applications, integrating advanced DSPs and accelerators for optimal signal processing while maintaining minimal power consumption [4] Company Overview - Ceva, Inc. specializes in silicon and software IP for Smart Edge devices, powering over 19 billion innovative products globally, including AI-infused smartwatches and autonomous vehicles [5][6] - The company focuses on delivering high-performance, low-power solutions that enable reliable data connectivity and processing [5] - Ceva's headquarters is located in Rockville, Maryland, with a global customer base supported by a team of experts in various design challenges [6]