That was the CEO of Courtweave joined us in the last hour weighing in of course on that company's latest earnings. It is the outlook that perhaps has investors somewhat concerned. You heard his reference to one data center provider not meeting at least what was expected of them.Christina Parsons has more for us and of course that reaction that we're seeing with the stock down. Christina 13.5%. >> Yeah, exactly.That's how it was going to start because shares were originally nine then he went on CNBC. You're ...

Summary of Avino Silver & Gold Mines Ltd Conference Call Company Overview - **Company**: Avino Silver & Gold Mines Ltd (NYSEAM:ASM) - **Incorporation**: Founded in 1968, with significant historical context provided by the CEO David Wolfin, who has been involved since the mine's construction in 1974 [2][3] Industry Context - **Mining Sector**: Focus on silver production, with a bullish outlook on silver prices, which have increased by 70% since the beginning of the year [17] Key Financials - **Q3 Performance**: - Revenue: $21 million - Gross Profit: $10 million - Gross Margin: 47% - Net Income: $0.05 per share - Free Cash Flow: $5 million - Cash Costs: $17.09 per ounce, with an All-In Sustaining Cost (AISC) of $24.06 [6][7] - **Cash Position**: Over $60 million in cash, debt-free, with $51 million in working capital [5][7] Production and Growth Plans - **Current Production**: - Avino mine expected to produce 2.5-2.8 million ounces of silver equivalent in the current year [3] - La Preciosa project anticipated to significantly boost silver revenue, with a composition of 90% silver and 10% gold [5] - **Future Growth**: - Aiming for intermediate status with production between 8-12 million ounces per year [5] - Upcoming maiden reserve calculation expected in Q1 [14] Resource Base - **Silver Equivalent Resources**: - Total resource base of approximately 377 million ounces of silver equivalent, with 277 million measured and indicated, and 94 million inferred [4] - **Oxide Tailings Project**: - Pre-feasibility study completed, with a post-tax NPV of $61 million at $23.45 silver and $1,840 gold [13] Operational Highlights - **Mining Method**: Utilizes mechanized long hole sublevel caving, with a unique geological system allowing for low costs [8] - **Community Relations**: Strong focus on community engagement and sustainable practices, including a 100% Mexican labor force [10] Market Position - **Stock Performance**: - Ranked fifth in TSX 30 for top-performing companies, with a stock increase of 610% and market cap growth of 778% over three years [8] - Daily trading volume exceeds $30 million, indicating high liquidity [8] Strategic Focus - **Organic Growth Strategy**: Emphasis on organic growth rather than mergers and acquisitions, with a clear five-year growth plan [15] - **Community Engagement**: Ongoing efforts to establish relationships with local communities, particularly in the context of the Cinco de Mayo project in Mexico [24][25] Conclusion - **Outlook**: Avino Silver & Gold Mines Ltd is positioned for significant growth in silver production, backed by strong financials, a robust resource base, and a commitment to sustainable practices and community relations [15][16]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $85.5 million, down 16.7% from $102.7 million in Q3 2024 [17] - Non-GAAP gross margin was 35%, slightly up from the prior year period [18] - Non-GAAP net income for Q3 2025 was $1.7 million or $0.02 per diluted share, compared to $14.1 million or $0.16 per diluted share in Q3 2024 [22] - Free cash flow generated in Q3 2025 was $3.3 million, reflecting strong cash generation [23] Business Line Data and Key Metrics Changes - North America was the strongest region, contributing $36 million in revenue, while India contributed $24.4 million [17] - Research and development expenses were $6.8 million, down from $8.6 million in Q3 2024 [18] - Sales and marketing expenses increased to $12 million from $10.4 million in Q3 2024, reflecting increased business in North America [19] Market Data and Key Metrics Changes - Visibility improved in North America and India, with renewed order flow from a major carrier in India [14][15] - The company is optimistic about growth in 2026, driven by opportunities in both CSPs and private networks segments [15] Company Strategy and Development Direction - The company is focusing on high-capacity, low-latency connectivity solutions driven by AI and data-intensive applications [8] - Ceragon's E-band and point-to-multipoint offerings are positioned to address network capacity and resiliency challenges [9] - The company is pursuing additional acquisitions to enhance its capabilities and market position [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for Q4 and 2026, citing improved visibility and a strong funnel of opportunities [28][29] - The company is encouraged by the growth in private networks and the demand for higher capacity driven by 5G and AI [31][32] - Management noted that the impact of the U.S. government shutdown has not been significant so far [51] Other Important Information - The company has been awarded contracts for private 5G and Wi-Fi technologies, showcasing its expanding capabilities [12] - The balance sheet remains solid, with cash position increasing to $43 million [22] Q&A Session Summary Question: Outlook for the fourth quarter and 2026 growth - Management is optimistic about Q4, driven by visibility from India and North America, and sees potential for growth in 2026 across all regions [28][29] Question: Drivers of tier one ramp-up in North America - The demand is driven by capacity upgrades, new coverage for mobile, and fixed wireless access [37] Question: Update on E2E and commercial activity - E2E is meeting plans, with significant opportunities expected despite delays due to strikes [39] Question: Supply chain concerns regarding component costs - There has been a slight increase in component costs, but no significant impact on overall costs is expected [40][41] Question: Defense and security business opportunities - The company sees numerous opportunities in defense and security, particularly with its 60 GHz product [56][58]

All right, joining us now with his uh take on the markets, Wall Street veteran Chuck Cloud. The man, the myth, the legend. He's chairman and chief investment officer of Cloud Capital.Was one one of the few uh select few to accurately call the dot bubble. One of my colleagues at Meil Lynch uh in the 80s. You've been in the business 59 years.>> It's a good big good number. Let's start 45. Um, and in my office, people knew, but I mean, we were all, they were all screaming eagles in my office.Jack Joyce, Jerry, ...

Core Insights - The company has released its latest top investment picks for November 2025, emphasizing the timeliness of the opportunity [1] - Significant resources are allocated to research, with an annual investment exceeding $100,000 to identify profitable investment opportunities [1] Member Satisfaction - The approach has garnered approximately 200 five-star reviews from members, indicating a high level of satisfaction and perceived benefits [2] - The company encourages potential members to join in order to maximize their returns [2]

Financial Data and Key Metrics Changes - Total revenue for the third quarter of 2025 was $32.1 million, down 9% year-over-year and roughly flat compared to the second quarter [14] - Total bookings for the quarter were $25.4 million, down 12% year-over-year [14] - Total recurring revenue decreased by 11% compared to the prior year, with bookings driving recurring revenue down 13% for the quarter [14] - The company recorded a net loss of $4.3 million, or $0.10 per diluted share, compared to a net loss of $200,000, or $0.00 per diluted share, in the prior year quarter [18] - Adjusted EBITDA for the third quarter was $10.3 million, with a margin of 32%, compared to $8.6 million, or a margin of 24% in the prior year [19] Business Line Data and Key Metrics Changes - ClearanceJobs revenue was $13.9 million, up 1% year-over-year and up 2% sequentially, with bookings down 7% year-over-year [14][15] - Dice revenue was $18.2 million, down 15% year-over-year and down 1% sequentially, with bookings down 17% year-over-year [15][16] - ClearanceJobs had an average annual revenue per customer of $26,600, up 7% year-over-year [15] - Dice's average annual revenue per customer was $15,727, down 4% year-over-year [16] Market Data and Key Metrics Changes - The number of new tech job postings on Dice remained around 70% of normal levels, indicating a challenging macro environment [11] - Approximately 10% of job postings on Dice required at least one AI skill at the beginning of 2024, which has now risen above 50% [8] - The proposed $1.1 trillion U.S. defense budget for fiscal year 2026 represents a 13% increase over the previous year's budget, which is expected to benefit ClearanceJobs significantly [9] Company Strategy and Development Direction - The company focuses on two brands, ClearanceJobs and Dice, which serve technology professionals and employers [5] - The integration of AgileATS with ClearanceJobs aims to enhance the hiring workflow for cleared professionals [10] - The company is optimistic about future growth driven by the defense budget and increasing investments in technology initiatives across industries [23] Management's Comments on Operating Environment and Future Outlook - Management noted that tech hiring has stabilized despite a mixed macro backdrop, with AI-related job postings driving future demand [7][8] - The company anticipates that the record-breaking defense budget will be a growth driver for ClearanceJobs [23] - Management expressed confidence in the long-term outlook for ClearanceJobs despite a bookings decline due to government hiring freezes [8][9] Other Important Information - The company has authorized a new $5 million stock repurchase program, reflecting confidence in its long-term value [13][22] - Operating expenses increased to $36.6 million, including a $9.6 million impairment of intangible assets, but excluding this, expenses declined significantly [17] Q&A Session Summary Question: Inquiry about Dice margin expansion - Management confirmed that the margin expansion was driven by operational efficiencies and headcount vacancies being backfilled [28][29] Question: Clarification on the $9 million write-off - The write-off was related to the Dice trade name, reflecting revenue declines experienced by Dice [32] Question: Discussion on government volatility impact - Management indicated that smaller and mid-sized defense contractors have become more conservative, but larger firms remain bullish due to their financial stability [40][41] Question: Update on new platform migration - Management reported successful migration of over half of the customers to the new platform, with no anticipated churn risk for remaining customers [42] Question: Future opportunities in the GovTech space - Management acknowledged ongoing evaluations of opportunities in the GovTech space, indicating potential for future growth [51]

Core Insights - The primary narrative influencing the markets in 2025 is the potential of AI, particularly highlighted by significant multi-billion dollar AI infrastructure deals that have led to substantial share price increases [1]. Group 1: Market Trends - The promise of AI is shaping market dynamics, with a focus on infrastructure investments that are driving share price appreciation [1]. Group 2: Analyst Background - Gary Alexander has extensive experience in technology sectors, having worked on Wall Street and in Silicon Valley, and has been an adviser to several seed-round startups [1]. - He has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications, with his articles reaching audiences through popular trading apps like Robinhood [1].

Core Insights - The primary narrative influencing the markets in 2025 is the potential of AI, which has led to significant share price increases due to substantial AI infrastructure deals [1] Group 1: Market Trends - The promise of AI is shaping market dynamics, with a focus on large-scale investments in AI infrastructure [1] Group 2: Analyst Background - Gary Alexander has extensive experience in technology sectors, having worked on Wall Street and in Silicon Valley, and has been an advisor to seed-round startups [1]

Financial Data and Key Metrics Changes - The company reported total revenue guidance of $30 billion for 2026, driven by strong growth in direct-to-consumer (D2C) revenue and global profitability, with adjusted EBITDA expected to be $3.5 billion [7] - The run rate efficiency target has been increased from $2 billion to at least $3 billion [7] Business Line Data and Key Metrics Changes - The D2C segment achieved a total of 79 million subscribers, adding 1.4 million new subscribers in Q3, with revenue growth of 24% [9][14] - The company plans to grow theatrical output to at least 15 movies per year starting in 2026, indicating a significant increase in film production [8][24] Market Data and Key Metrics Changes - Paramount+ has achieved the largest U.S. subscription growth among major streamers, excluding bundles, and ranks as one of the top three preferred content sources among streaming services [9] - The company is focusing on international markets, particularly leveraging Pluto as a low ARPU asset to scale DTC business [18] Company Strategy and Development Direction - The company aims to transform Paramount into a global home for world-class storytelling, focusing on scaling its D2C business, investing in growth areas, and driving enterprise-wide efficiency [4][5] - Key priorities include investing in creative storytelling, scaling the D2C business globally, and enhancing operational efficiency to generate long-term free cash flow [5][6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to achieve its strategic goals and emphasized the importance of high-quality storytelling and technology as core competencies [10][49] - The management highlighted the need for significant investments in content and technology to drive subscriber growth and engagement [16][39] Other Important Information - The company is pursuing high-impact partnerships and expanding its creative talent roster, including collaborations with notable creators and franchises [8][9] - The integration of technology across platforms is a priority, with plans to unify multiple streaming services into one platform to enhance user experience and operational efficiency [36][37] Q&A Session Summary Question: Confidence in Paramount+ gaining global scale and content spend - Management highlighted a strong quarter for the D2C business, with a focus on increasing content investment to drive engagement and subscriber growth [14][16] Question: Investment plans for Paramount Skydance and studio turnaround - Management confirmed plans for significant investment in content, with a goal to increase film output and leverage creative partnerships for growth [21][24] Question: Updated view on TV media segment and advertising trends - Management noted the distinct trends between broadcast and cable, emphasizing the importance of CBS as a cornerstone asset while addressing the decline in cable [28][30] Question: Interrelation of tech and entertainment and revenue growth tools - Management discussed initiatives to improve technology capabilities, including unifying streaming services and enhancing ad tech to drive revenue growth [36][40] Question: M&A philosophy and balance sheet goals - Management stated a focus on building rather than acquiring, with a disciplined approach to M&A that aligns with long-term value creation [49][50] Question: UFC strategy and return on investment - Management expressed excitement about the UFC partnership, highlighting its potential to drive subscriber growth and engagement across platforms [56][58] Question: Long-term profitability of the DTC business - Management indicated that the DTC segment will be profitable next year, with a focus on improving working capital and cash tax rates to enhance free cash flow [67][71]

Group 1 - The company experienced profitability in both the US and other markets, with the US showing more momentum-driven gains [1][2] - The use of modern techniques, such as EML for parsing corporate statements, has proven effective in identifying profitable stocks [2][8] - The company has adapted its strategies over the years to reduce dependency on value investing, which faced challenges during the COVID-19 pandemic [3][4] Group 2 - The integration of AI into the company's operations has allowed for more intuitive signal generation, although some aspects remain unexplained [6][10] - The company emphasizes a balance between economic intuition and data-driven approaches, maintaining a level of understanding of their strategies [5][10] - The trend-following strategies employed by the company have performed well, particularly in uncertain market conditions [25][30] Group 3 - The company has expanded its trend-following strategies to include both price trends and fundamental economic trends, which have been successful this year [31][34] - The company trades long-short factors from quantitative equity, which has contributed positively to its performance [33][34] - The current market environment, characterized by high valuations and uncertainty, presents both challenges and opportunities for the company [36][43] Group 4 - The company acknowledges the potential risks associated with high valuations in the market but does not classify them as bubble levels [39][42] - The company maintains a systematic approach to investing, which helps mitigate the impact of market volatility and behavioral biases [24][47] - The company is cautious about the implications of retail investor participation in private markets, emphasizing the need for a balanced understanding of risks [55][56]