Financial Data and Key Metrics Changes - The company reported net gaming revenue of €57 million, an 8% increase compared to Q1 2024 [9][12] - Adjusted EBITDA was €1.8 million, marking the fifth consecutive quarter of positive adjusted EBITDA at the consolidated level [12][13] - On a constant currency basis, net gaming revenue would have been €62 million, reflecting a 17% increase year-on-year [10][12] Business Line Data and Key Metrics Changes - The casino segment contributed 61% to total net gaming revenue, driven by a focus on this segment and a lower sports margin in Mexico [10] - In Mexico, net gaming revenue grew 15% to €30.5 million, while in Spain, it remained flat at €22 million [12][15] - The average monthly active users increased by 13%, while the average monthly spend per active customer decreased by 5% to €118 [10][12] Market Data and Key Metrics Changes - The Mexican peso devalued by over 16% in Q1 2025, impacting net gaming revenue by €5 million [15][17] - The number of average monthly active customers in Mexico rose to 82,000, a 31% increase year-on-year [16] - In Spain, the number of active customers increased by 4% year-on-year, reaching 52,000 [14] Company Strategy and Development Direction - The company is focusing on optimizing customer acquisition channels and maintaining its market position in Mexico, which is seen as a core market with significant growth potential [16][62] - The management is adapting promotional strategies in Spain to improve customer quality and retention amid a competitive landscape [14][35] - The company plans to continue investing in Mexico while remaining cautious in other markets like Colombia and Argentina due to regulatory challenges [46][52] Management Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by currency fluctuations but expressed confidence in meeting full-year guidance for net gaming revenue between €220 million and €230 million [19][50] - The company expects a difficult comparison for Q2 results but anticipates less impact thereafter as they lap significant devaluation from the previous year [17] - Management is optimistic about the potential for revenue growth in Spain, despite current competitive pressures [64] Other Important Information - The company has initiated a share buyback plan of up to $5 million, with approximately $5 million already spent on repurchasing shares [11][83] - The company is currently under a mandatory monitoring period by NASDAQ but has regained compliance by filing its 2023 annual report [5][6] Q&A Session Summary Question: What is driving the decrease in customer acquisition cost despite increased user acquisition? - Management indicated that testing new traffic sources led to reduced customer acquisition costs, although the revenue impact from these new customers was lower than expected [24][27] Question: What is the impact of competition on revenue growth in Spain? - Management confirmed that the reintroduction of welcome bonuses and increased competition have affected revenue growth, but they are seeing positive trends from adjusted promotional strategies [32][35] Question: Are there plans to increase investments in other markets? - Management noted improvements in Panama and a cautious approach in Colombia, with potential for increased investment in Mexico due to upcoming events [46][52] Question: Will Spain return to revenue growth for the rest of the year? - Management expressed confidence in resuming revenue growth in Spain, supported by positive KPI signals [64][66] Question: What is the rationale behind the share repurchase program? - Management explained that the board approved a $5 million buyback plan within a broader shareholder authorization, allowing flexibility in execution [82][83] Question: Any updates on the Argentina license acquisition? - Management indicated that progress remains stalled due to pricing issues, but they are still open to opportunities [86]

Financial Performance - Q1 2025 - Revenue increased by $2.2 million, representing a 45% increase compared to Q1 2024[9], with total revenue reaching $7.056 million[6, 31] - The Kyber acquisition contributed $1.7 million, accounting for 35% of the revenue increase[9] - Internal growth accounted for $0.5 million, representing 10% of the revenue increase[9] - Net loss decreased by 7%, from $(1.213) million in Q1 2024 to $(1.126) million in Q1 2025[6] - Adjusted EBITDA was marginally negative at $(51) thousand, a -149% change from $104 thousand in Q1 2024[6, 31] Balance Sheet - Cash and equivalents increased to $35.666 million as of March 31, 2025[20] - Net working capital remained relatively stable at $27.829 million as of March 31, 2025[20] Full Year 2025 Outlook - The company expects full-year 2025 revenue to be between $28 million and $30 million[21] - This represents a 39% to 49% increase over the 2024 revenue of $20.2 million[21] - Adjusted EBITDA is expected to be between $(1.0) million and $1.0 million for the full year 2025[21]

Financial Performance - Codere Online achieved a Q1 2025 Net Gaming Revenue (NGR) of €57 million, an 8% increase compared to Q1 2024, despite facing foreign exchange headwinds[25] - The company reported a positive Adjusted EBITDA of €18 million in Q1 2025[25] - Mexico's NGR increased by 15% year-over-year in Q1 2025, or 34% in constant currency, driven by a 31% increase in active customers[49] - Spain experienced a 2% decline in NGR in Q1 2025, but saw a 4% increase in active customers[43] Customer Acquisition and Engagement - Codere Online acquired approximately 322,000 new customer registrations with 91,000 First Time Deposits (FTDs) in Q1 2025, resulting in a 28% conversion rate[25] - The Cost per Acquisition (CPA) was €198 in Q1 2025[25] - Average Monthly Actives reached approximately 161,000 in Q1 2025, a 13% increase compared to Q1 2024[25] - Average Monthly Spend per Active was €118, a 5% decrease compared to Q1 2024[25] Financial Position - Codere Online has €42 million in total cash, with €37 million available, and a negative Net Working Capital (NWC) position of €18 million as of March 31, 2025[58] Outlook - The company projects a 2025 Net Gaming Revenue (NGR) between €220 million and €230 million and an Adjusted EBITDA between €10 million and €15 million[67]

Core Insights - Codere Online reported a strong start to 2025, with net gaming revenue reaching €57.0 million in Q1, an 8% increase year-over-year [3][5] - The company is on track to meet its 2025 net gaming revenue outlook of €220-230 million and adjusted EBITDA outlook of €10-15 million [4][5] Financial Performance - Total revenue for Q1 2025 was €54.3 million, with net gaming revenue at €57.0 million, reflecting an 8% increase compared to Q1 2024 [5][8] - In Mexico, net gaming revenue grew by 15% to €30.5 million, while Spain saw a slight decline to €21.9 million, down 2% [2][3] - The average monthly active players increased by 13% to 161.3 thousand, with significant growth in Mexico at 31% [2][3] Operational Metrics - The total cash position as of March 31, 2025, was €41.8 million [5] - The company repurchased $0.5 million of its shares under a $5.0 million share buyback plan [5][9] Compliance and Governance - Codere Online regained compliance with Nasdaq listing requirements as of May 15, 2025 [9] - The company is actively working to complete the audit of its 2024 financial accounts and expects to file the 2024 annual report by the end of May 2025 [9]

Core Viewpoint - CPI Aerostructures, Inc. reported a significant financial impact in Q1 2025 due to a pre-tax loss of $2.1 million on the A-10 Program, which has higher manufacturing costs under a fixed-price contract from 2019. The company is taking steps to mitigate further financial degradation from this program [3]. Financial Performance - Revenue for Q1 2025 was $15.4 million, down from $19.1 million in Q1 2024 [9]. - Gross profit decreased to $1.6 million, compared to $3.6 million in the same period last year, resulting in a gross margin of 10.7%, down from 18.6% [9]. - The company reported a net loss of $1.3 million in Q1 2025, compared to a net income of $0.2 million in Q1 2024 [9]. - Adjusted EBITDA was $(0.8) million, a decline from $1.2 million in Q1 2024 [9]. Balance Sheet and Debt Management - The total debt was reduced to an all-time low of $16.7 million, with a Debt-to-Adjusted EBITDA Ratio of 2.9, marking the ninth consecutive quarter below 3.0 [4]. - Total assets as of March 31, 2025, were $65.36 million, down from $67.98 million at the end of 2024 [12][13]. Operational Outlook - The company ended the quarter with a strong backlog of $516 million, including new program awards from major clients such as L3Harris, Raytheon, Lockheed, and Embraer [5]. - CPI Aero is focused on operational improvements and transitioning from legacy programs to future-oriented programs [5].

Core Insights - Maui Land & Pineapple Company, Inc. reported a significant 134% year-over-year increase in operating revenue for Q1 2025, totaling $5,804,000 compared to $2,483,000 in Q1 2024, driven by higher occupancy and commercial real estate leasing income [2][6] - The company is launching a new agriculture-based business venture focused on cultivating Agave, which is expected to enhance productivity of underutilized croplands and create local jobs [3][4] - Despite increased operating expenses, the company maintained strong liquidity and improved Adjusted EBITDA, which was $200,000 for Q1 2025, a favorable increase from a loss of $212,000 in Q1 2024 [2][12] Financial Performance - Operating revenues for Q1 2025 were $5,804,000, a $3,321,000 increase from Q1 2024, with land development and sales revenues at $2,298,000, attributed to the Honokeana Homes Relief Housing Project [6][19] - Leasing revenues increased by 45% to $3,219,000 in Q1 2025 from $2,216,000 in Q1 2024, due to efforts to improve occupancy and market rates [6][19] - Operating costs rose to $7,583,000 in Q1 2025 from $3,882,000 in Q1 2024, primarily due to increased construction costs related to the housing project and higher leasing costs [6][19] Future Outlook - The new Agave venture is seen as a long-term growth opportunity, potentially funded in partnership with mission-aligned partners, and aims to integrate local distillation and agri-tourism [4][3] - The company anticipates improved GAAP income moving forward due to successful pension restructuring and a decrease in share-based compensation expenses [2][12] - The net GAAP loss for Q1 2025 was ($8,640,000), or ($0.44) per share, compared to a net loss of ($1,375,000) or ($0.07) per share in Q1 2024, largely driven by non-cash pension expenses [12][19]

Core Insights - QuoteMedia, Inc. reported its highest quarterly revenue in company history for Q1 2025, amounting to $4,824,356, a 3% increase from $4,679,200 in Q1 2024 [3][7] - The company experienced a net loss of $499,811 in Q1 2025, compared to a net loss of $28,176 in Q1 2024, indicating a decrease in profitability [7][12] - Adjusted EBITDA for Q1 2025 was $368,269, down from $676,886 in Q1 2024, reflecting a reduction of $308,617 [7][12] Financial Performance - Quarterly revenue increased by $145,156 (3%) year-over-year, with a 5% growth on an FX-neutral basis [7][14] - The significant loss for the quarter was attributed to capitalizing a lower proportion of development costs compared to previous quarters, which increased expensed development costs [4][13] - The company expects continued growth throughout the year, aiming for its highest annual revenue ever [3][13] Business Overview - QuoteMedia provides a range of market data services, including streaming data feeds and financial applications, targeting banks, brokerage firms, and sophisticated investors [2][6] - The company competes with larger legacy organizations and smaller companies in the financial data sector [2] - QuoteMedia's offerings include interactive stock research tools and data feeds for major financial institutions [6]

Core Insights - KORE Group Holdings, Inc. reported solid operational performance with growth in cash flow and free cash flow, achieving positive cash flow for the second consecutive quarter [3][8] - The company is nearing a significant milestone of 20 million total IoT connections, with strong demand expected to convert into increased connectivity revenue [3][8] - KORE expanded its indirect channel to focus on profitable growth, leveraging its brand for new opportunities [4] Financial Performance - Total revenue for the quarter ended March 31, 2025, was $72.142 million, a decrease of 5% from $75.975 million in the same period last year [6] - IoT Connectivity revenue was $53.917 million, down 7% from $57.884 million, while IoT Solutions revenue increased to $18.225 million, up 1% from $18.091 million [6] - Total connections increased to 19.8 million, an 8% rise from 18.3 million year-over-year [8] Cash Flow and Expenses - Cash provided by operations rose to $2.9 million, a 51% increase from the previous year, while free cash flow reached $0.6 million, up 121% [8] - Operating expenses decreased to $41.6 million, down 15% from $49.1 million, attributed to restructuring efforts [8] Margins and Key Metrics - IoT Solutions margin improved to 33.0%, up 210 basis points from the previous year, while non-GAAP margin rose to 39.9%, an increase of 370 basis points [8] - Average Revenue Per User (ARPU) decreased to $0.91 from $1.05, and the Dollar-Based Net Expansion Rate (DBNER) improved to 99% from 94% [6][8] 2025 Financial Outlook - The company expects total revenue for the year to be in the range of $288 million to $298 million, with adjusted EBITDA projected between $62 million and $67 million, and free cash flow anticipated to be between $10 million and $14 million [9]

Core Insights - SRx Health Solutions Inc. reported a significant improvement in its financial performance for Q1 2025, with EPS improving by 90% year-over-year to $(0.37) and adjusted EBITDA loss improving by 54% to $(0.6) million [1][9] - The company generated net sales of $7.2 million, a decrease of 9% year-over-year, primarily due to the closure of Halo's direct-to-consumer channel [4][9] - The merger with SRx Health Solutions was completed on April 24, 2025, leading to a name change from Better Choice Company Inc. to SRx Health Solutions Inc. [2] Financial Performance - Adjusted EBITDA margin improved by 865 basis points year-over-year to (9)% [1][9] - Net loss improved by 66% year-over-year to $(1.0) million [9] - Gross margin remained consistent at 33% [9] Operational Highlights - The company executed a digital-first strategy and shifted marketing investments to enhance brand awareness [2] - Inventory levels improved by approximately 50% over the last 15 months, with fill rates averaging 98% for the quarter [2] - The financial results reported only reflect US operations prior to the merger and do not include Canadian operations [2] Liquidity and Capital Resources - As of March 31, 2025, cash and cash equivalents totaled $1.1 million [5]

Core Insights - Alliance Entertainment Holding Corporation reported a net income of $1.9 million for the third quarter of FY 2025, marking a $5.3 million improvement year-over-year, indicating strong operational execution and margin gains [1][11] - The company reduced its revolver debt by 25% year-over-year, enhancing its balance sheet and liquidity position [1][11] - Direct to Consumer sales accounted for 35% of gross revenue, up from 33% in the same quarter of the previous year, reflecting a growing trend in consumer fulfillment [1][10] Financial Performance - Net revenues for the third quarter ended March 31, 2025, were $213.0 million, a 1% increase from $211.2 million in the same period of 2024 [15] - Gross profit for the third quarter was $29.1 million, up 3.7% from $28.0 million year-over-year, with a gross profit margin of 13.6%, compared to 13.2% in the prior year [15] - Adjusted EBITDA for the quarter was $4.9 million, reflecting a 66% increase from $2.9 million in the same period of 2024 [11][15] Operational Highlights - The company launched a distribution partnership with Paramount Pictures, becoming the exclusive licensee of Paramount's physical media in the U.S. and Canada, which strengthens its position in the home entertainment market [6][5] - Physical movie sales surged 39% year-over-year, increasing from $42 million to $58 million, driven by new exclusive content partnerships [6] - Vinyl record sales increased by 11% year-over-year, rising from $78 million to $86 million, supported by strong consumer demand [6] Inventory and Cost Management - Inventory levels improved to $93.2 million, down 13% from $108.0 million at March 31, 2024, indicating better inventory turnover and working capital efficiency [6] - Total operating expenses decreased by 11.4% year-over-year, with distribution and fulfillment costs declining by 10.2% due to automation initiatives [6] - Interest expense declined by 20.2% year-over-year, reflecting a lower revolving credit balance and improved financial efficiency [6]