Summary of Liquidity Services (LQDT) FY Conference Call - August 26, 2025 Company Overview - Liquidity Services is a leading e-commerce platform focused on the circular economy, helping organizations manage and monetize assets globally [3][4] - The company has established relationships with Fortune 500 and Fortune 1,000 companies, serving over 15,000 government entities and nearly 6 million registered buyers [4][3] Core Business Insights - Cumulative transaction activity on the platform has reached $15 billion, indicating significant value creation for buyers and sellers [4] - The company differentiates itself by focusing on the reutilization and remarketing of assets, which is a growing trend in supply chain management [3][4] - Liquidity Services operates a proprietary platform designed for the circular economy, integrating software, marketplace capabilities, and asset intelligence [5][6] Market Position and Growth - The circular economy market is valued at over $100 billion, with Liquidity Services positioned to capture significant market share through a two-sided marketplace approach [14] - The company is experiencing a digital shift, replacing outdated methods of managing used equipment with a streamlined transactional platform [14][15] - There is a notable increase in product obsolescence, creating opportunities for the company to facilitate asset transactions [15] Financial Performance - The company has set a GMV target of $2 billion, with a current run rate of approximately $1.6 billion [35] - GAAP revenue is derived from a mix of consignment fees, service fees, and subscription fees, with about 20% of GMV coming from a purchase model [35][36] - Liquidity Services has generated solid double-digit growth in EBITDA while investing in product innovation and customer relationship management [39][40] Segment Performance - The GovDeals segment achieved a record GMV of $252 million in the most recent quarter, highlighting the demand for asset recovery in the public sector [19] - The retail segment is adapting to the shift from in-person shopping to online, with high return rates driving the need for effective liquidation solutions [25][24] - The Capital Asset Group (CAG) segment serves industrial clients, providing a one-stop solution for asset management and sales [27] Strategic Initiatives - The company is leveraging AI and machine learning to enhance asset valuation and improve transaction efficiency [29][39] - Liquidity Services is exploring international growth opportunities, particularly in Central and South America, where e-commerce is rapidly expanding [47][48] - The company is also considering tuck-in acquisitions to enhance its service offerings and market reach [52][54] Sustainability and Transparency - Sustainability is a core component of the company's mission, with efforts to improve clients' carbon footprints and operationalize sustainability objectives [12][39] - Liquidity Services maintains a high level of transparency, with independent audits and public access to transaction data [12][13] Conclusion - Liquidity Services is well-positioned to capitalize on the growing circular economy, with a robust platform, strong financial performance, and strategic growth initiatives aimed at expanding its market presence and enhancing service offerings [3][14][39]

Core Insights - Flashforge has maintained its brand philosophy of "MORE ADVANCED, MORE ACCESSIBLE" since its founding in 2011, focusing on high-performance 3D printing solutions and sustainability [1][9] - The company launched a one-month environmental pilot program in the U.S. aimed at responsible recycling of retired desktop 3D printers, receiving over 1,000 valid registrations [2][3] Sustainability Initiatives - Flashforge's sustainability efforts include a comprehensive approach that goes beyond recycling, embedding energy efficiency and eco-friendliness into product development [4] - The best-selling Adventurer 5M (AD5M) series has received multiple awards, highlighting the company's commitment to sustainable and user-friendly design [4] Product Innovations - The introduction of the AD5X, a compact FDM multi-color 3D printer, aims to enhance user experience and space efficiency while promoting sustainable operation [5] - Key features of the AD5X include a 4-color integrated design, a modular IFS system for automatic filament switching, and multi-color TPU printing capabilities [5] Market Presence - Flashforge has established a strong presence in North America through a diverse distribution network, with products available at major retailers like Micro Center, BestBuy, and Walmart [7] - The AD5M ranked as Amazon's No.1 best-selling 3D printer for 12 consecutive months, showcasing the brand's popularity [7] Future Plans - The AD5X will be launched in all 29 Micro Center stores across the U.S. in September, allowing consumers to experience multi-color printing firsthand [7]

Company Participation - Aspen Aerogels, Inc. is scheduled to participate in the 39th Annual Barclays Energy-Power Conference on September 3, 2025, at the Sheraton Times Square Hotel in New York, NY [1] - The Chief Financial Officer, Ricardo C. Rodriguez, and Senior Director, Neal Baranosky, will host one-on-one meetings with investors during the conference [2] Fireside Chat - A Fireside Chat with CFO Ricardo C. Rodriguez is scheduled for September 3, 2025, from 9:45 a.m. to 10:15 a.m. Eastern Time, with a live webcast available for one year on the Investor Relations section of Aspen's website [3] Company Overview - Aspen Aerogels is a technology leader in sustainability and electrification solutions, focusing on resource efficiency, e-mobility, and clean energy [4] - The company's PyroThin® products address thermal runaway challenges in the electric vehicle market, while Cryogel® and Pyrogel® products are utilized by major energy infrastructure companies [4] - Aspen aims to partner with industry leaders to expand its Aerogel Technology Platform® into high-value markets [4]

Company Participation in Financial Conferences - Flux Power Holdings, Inc. will participate in the H.C. Wainwright Annual Global Investment Conference on September 10, 2025, at Lotte NY Palace Hotel, New York, NY [1] - The company will also attend the Lake Street Big 9 Ideas Growth Conference on September 11, 2025, at The Yale Club, New York, NY [2] - CEO Krishna Vanka and CFO Kevin Royal will be available for meetings with registered attendees at both events [2] Company Overview - Flux Power designs, manufactures, and sells advanced lithium-ion energy storage solutions for various industrial and commercial sectors, including material handling and airport ground support equipment [3] - The company's lithium-ion battery packs offer a better performance, lower cost of ownership, and more environmentally friendly alternative compared to traditional lead-acid and propane-based solutions [3] - Flux Power's products contribute to reducing CO2 emissions and improving sustainability and ESG metrics for fleets [3]

Climate Change & Environmental Concerns - Climate change is framed as a series of natural disasters, aligning with proximity bias, where risk is considered nearby in time or space [9] - The amplification of the hydrological cycle, leading to whiplash between extremely dry and extremely wet conditions, is consistent with a warming climate [15] - A reconstruction of runoff in Swift Current Creek shows that 2021 was the driest year in 260 years, with the last time being 1760 [14] - The number of days with temperatures below -30 degrees Celsius has decreased significantly since the 1950s in Indian Head, Saskatchewan [5][6] Urban Planning & Sustainability - Collective imagination envisions idyllic modern cities without cars and trucks, highlighting a disconnect with current car-centric urban planning [19] - In Regina, 476% of private land downtown is used for parking, indicating an over-incentivization of driving [20] - Within 3 kilometers of home in Regina, all goods and services are accessible, walkable in less than 45 minutes, yet driving is preferred [20] - Helsinki has one in three residents owning a car, and downtown Oslo is essentially car-free, demonstrating the possibility of pedestrian-centric communities [21] - Southwood Circle in Winnipeg is under construction, designed with transportation by bike, foot, and skis, with workplaces, restaurants, shops, and workout facilities within walking distance [22][23] Consumption & Lifestyle - The solution to climate change is simple but difficult due to the love for a comfortable fossil-fueled lifestyle [24] - Social media trends like under-consumption and slow fashion advocate for consuming less, including cooking, wearing vintage clothing, hanging clothes to dry, and gardening [24][25]

Company Overview - Mercurity Fintech Holding Inc. (MFH) is a blockchain-powered fintech group and a member of the Russell 2000 Index, focusing on bridging traditional finance and digital innovation [6] - The company offers a range of services including digital assets, financial advisory, and capital markets solutions through its subsidiaries [6] Leadership Appointment - Peter Nobel has been appointed as Independent Director, while Wilfred Daye, the Chief Strategy Officer, has been appointed as Director on the Board of Directors [1] - Peter Nobel is recognized for his leadership in global sustainability and ethical governance, having held senior roles in companies like Alfa Laval and SWEP International [2] Strategic Vision - The insights from Peter Nobel are expected to support MFH's long-term vision of aligning financial innovation with sustainability, transparency, and global institutional standards [3] - MFH is focused on building a next-generation financial infrastructure that integrates Web3, AI, and digital capital markets, with initiatives including Bitcoin and Solana treasury strategies and AI-driven regulatory technology [3] Governance and Ethical Legacy - The appointment of Nobel is seen as a bridge between traditional finance's institutional credibility and the innovative spirit required for digital assets [4] - Nobel's work with the Nobel Sustainability Trust aims to extend Alfred Nobel's vision of benefiting humanity into modern challenges, including climate governance and responsible capital [4] Industry Perspective - Peter Nobel emphasizes that the evolution of finance through blockchain and digital assets represents a significant shift in value movement within the global economy [5] - He highlights the importance of transparency, sustainability, and ethical governance in guiding financial innovation to serve broader human interests [5]

Network Goals - Chainlink Network aims for long-term growth and sustainability [1] Key Steps - Focus on Chainlink Reliability [2] - Focus on Chainlink Revenue [2] - Focus on Chainlink Reserve [2]

Core Insights - Scotts Miracle-Gro Company released its 2025 Corporate Responsibility report, highlighting progress in environmental, social, and governance goals aligned with its sustainability strategy [1][2] Group 1: Environmental Initiatives - The company launched the Miracle-Gro Organic Raised Bed & Garden Soil in 2024, made from locally sourced upcycled green waste, and expanded its organic product line in 2025 [5] - Scotts Miracle-Gro diverted 1.76 million pounds of coir waste for agricultural and industrial applications and reduced greenhouse irrigation water use by nearly 50% [5] - The company exceeded its goal of reaching over 157 million people through partnerships focused on water quality, conservation, and pollinator habitat protection [5] Group 2: Community Engagement - The company provided over 180 grants to connect children with gardens and green spaces, supporting various educational and community programs [5] - The Scotts Miracle-Gro Foundation expanded its grant for The Nature Conservancy's water quality initiatives to include the Colorado River Basin [5] Group 3: Company Overview - Scotts Miracle-Gro is the world's largest marketer of branded consumer products for lawn and garden care, with approximately $3.6 billion in sales [4] - The company's brands, including Scotts®, Miracle-Gro®, and Ortho®, are market leaders in their respective categories [4]

Financial Performance - Scales Corporation's Underlying EBITDA for 1H25 increased by 43% to $86.7 million, compared to $60.5 million in 1H24[14] - Underlying NPAT for 1H25 rose by 48% to $56.9 million, up from $38.4 million in 1H24[14] - Underlying NPATAS increased significantly by 72% to $48.9 million, compared to $28.5 million in 1H24[14] - The company anticipates Underlying NPATAS to be between $45.0 million and $50.0 million for FY25[14, 67] Divisional Results - Horticulture division experienced exceptional growth, with Underlying EBITDA increasing by 77.4% to $53.2 million in 1H25, compared to $30.0 million in 1H24[14, 23] - Logistics division also showed excellent results, with Underlying EBITDA up by 59.9% to $6.1 million in 1H25, compared to $3.8 million in 1H24[14, 23, 56] - Global Proteins division maintained a steady performance, with Underlying EBITDA at $29.7 million in 1H25, a slight increase of 0.5% from $29.6 million in 1H24[14, 23, 37] Balance Sheet - Net debt decreased to $67.5 million as of June 30, 2025, compared to $81.9 million as of June 30, 2024[25] - Approximately 55% of the Horticulture crop had been sold as of June 30, 2025, compared to 54% as of June 30, 2024[30] - Premium volumes accounted for approximately 75% of total export sale volumes, compared to 72% in 2024[52]

Core Insights - Diginex Limited is pursuing a dual-listing on the Abu Dhabi Securities Exchange (ADX) to expand its business in the Gulf Cooperation Council (GCC) and potentially raise up to USD 250 million from institutional investors in the region [1] - The process for the dual-listing is ongoing and may take several more months to complete, with the capital raise likely occurring after the listing [1] - Nomas Global Investments LLC, associated with the Abu Dhabi Royal Family, remains a strong supporter of Diginex and is actively assisting in the listing process [1] Company Overview - Diginex Limited is a sustainable RegTech company that focuses on streamlining ESG, climate, and supply chain data collection and reporting using advanced technologies such as blockchain, AI, and machine learning [3] - The company offers a platform, diginexESG, which supports 19 global frameworks including GRI, SASB, and TCFD, providing comprehensive services from data management to ESG ratings support [4]